Global Macro / Markets / Investing:
- Facebook plunges as much as 20 percent on revenue miss and projected slowdown – CNBC
- The World Economy Runs on GPS. If It Fails, We’re Screwed – Bloomberg
- Millennials Are Making a Costly Investment Mistake – Bloomberg
- As inequality grows, so does the political influence of the rich – The Economist
- Why It Might Be A Good Time To Revisit Ray Dalio’s 1937 Analog – The Felder Report
- Wealth inequality measures have been grossly understating concentration because of tax evasion and tax avoidance in tax havens – Brad DeLong
- Steve Bannon is creating a ’deplorables’ cryptocurrency to boost global populism – Wired
Americas:
- Coca-Cola says it’s raising soda prices after Trump tariffs – The Hill
- Bernanke, Geithner and Paulson ‘have invented alternative history’ of Lehman collapse, professor says – Market Watch
- Trump pushes 25 percent auto tariff as top advisers scramble to stop him – Washington Post
- How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion – NY Times
- Unproductive entrepreneurship is increasingly common in America – The Economist
- Blue Collar Whites Begin Abandoning Trump – Political Wire
- Federal judge allows emoluments case against Trump to proceed – Washington Post
Europe:
- US and EU declare ceasefire in their trade war – FT
- Switzerland does not prove the NRA’s case – The Economist
- This Former British Spy Exposed the Russian Hackers – Weekly Standard
- Trump secures concessions from Europeans to avoid trade war: DJ, citing EU official – CNBC
- Europeans Agree to Consider Changes on Trade, EU Official Says – WSJ
- Boris Johnson Has Been Privately Talking To Steve Bannon As They Plot Their Next Moves – Buzz Feed
- EU prepares retaliatory tariffs on $20 billion of U.S. goods – Reuters
- Swedish student’s dramatic plane protest stops man’s deportation ’to hell’ – The Guardian
- Chinese Purchases of U.S. Property Dry Up Over Trade War – Reuters
Asia:
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- The Chinese are wary of Donald Trump’s creative destruction – FT
- China’s debt threat: time to rein in the spending boom – FT
- Chinese Purchases of U.S. Property Dry Up Over Trade War – Bloomberg
- In China’s debt-laden Xiamen, real estate boom chokes consumption – Reuters
- Beijing sees business as politics, and multinationals need to adjust. – Foreign Policy
- China said to quickly pull approval for new Facebook venture – CNBC
- Many Chinese companies ‘will go bankrupt’, if US delivers on tariff threats, court newspaper warns – SCMP
- China’s world-biggest man-made waterfall costs US$117 per hour to run – SCMP
- Visa Restrictions for Chinese Students Alarm Academia – NY Times
Trans-Tasman:
- Most Australians’ wages have declined but CEO pay is better than ever – The Guardian
- By-election bias: How Rupert Murdoch runs all of Australia’s mainstream media – Independent Australia
- Sydney house prices record biggest annual drop since the GFC – Domain
- Malcolm Turnbull ‘welcomes’ Nine takeover of Fairfax enabled by media ownership reforms – The Age
- Parliamentary library deletes post confirming police can access My Health Record – The Guardian
- MyHealth Record rollout saga shambles on: ALP wants it put on hold – The Register
- Dick Smith to close his grocery line, blaming unbeatable Aldi – The Age
- Logging ‘destroying’ swift parrot habitat as government delays action – The Guardian
- Man with disability in NDIS ad campaign ineligible for it – ABC
- Chris Bowen attacks ‘politicised’ Treasury appointment, indicates he’d replace Philip Gaetjens – The Age
- NBN Co’s deferral of $2.6bn of work still unexplained – ItNews
- Why narrow streets are the way of the future – ABC
- ‘Unprecedented hostility’: Murdoch, the government, and an ABC under attack – The Guardian
- A growing group of electric vehicle enthusiasts are bypassing manufacturers and converting their own petrol-fuelled cars to run as electric – ABC
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National to vote against Reserve Bank Act changes – Interest.co.nz
- Why the obsession with low debt? – Interest.co.nz
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Why should employers train? – Interest.co.nz