Links 5 July 2018

Global Macro / Markets / Investing:

• A jobs guarantee — progressives’ latest big idea – FT
• Who Really Stands to Win from Universal Basic Income? – New Yorker
• A $1tn global trade war could yet come to pass – FT
• Glencore Slumps as U.S. Orders Documents in Corruption Probe – Bloomberg
• Stock Market Investors Caution Tariffs Aren’t Good For Business – NPR
• Shouting CEO, changing rules: inside Tesla’s Model 3-building sprint – Reuters
• Tesla’s Big Number Doesn’t Solve Its Problems – WSJ

Americas:

• Manhattan real estate has worst second quarter since financial crisis – CNBC
• Personal Loans Surge to a Record High – Bloomberg
• Trump planning one-on-one meeting with Putin without aides present: report – The Hill
• Trump plans one-on-one meeting with Putin – CNN
• The Anti-Trump Right Has Become Trump’s Base – NY Mag
• This Heat Wave’s So Bad It’s Even Slowing Down U.S. Stock Trades – Bloomberg
• Government revenue since the recent tax reform – The Big Picture
• Trump’s Taking Us From Temper Tantrum to Trade War – NY Times
• Donald Trump’s Trade Travesty – Hoover Institution

Europe:

• Regulator warns on European banks’ reliance on cloud computing – FT
• How UK business rates shake-up is deepening high street gloom – FT
• Blockchain Voting Notches Another Success—This Time in Switzerland – Fortune
• In Denmark, Harsh New Laws for Immigrant ‘Ghettos’ – NY Times
• EU warns of $300bn hit to US over car import tariffs – FT

Asia:

• China presses Europe for anti-U.S. alliance on trade – Reuters
• Malaysia Summons ‘Wolf of Wall Street’ Producer for 1MDB Probe – Bloomberg
• China to Cancel More U.S. Soy Shipments as More Tariffs Loom – Bloomberg
• China Won’t Weaponize the Yuan in Trade War, PBOC Official Says – Bloomberg
• China issues U.S. travel warning amid trade tensions – Reuters
• China Set for Record Defaults, and Downgrades Tip More Pain – Bloomberg

Trans-Tasman:

• Australia’s government failed to stand up for press freedom after Nauru barred ABC journalist – The Conversation
• TAFE and VET enrolments plunge amid ‘collapse in confidence’ – The SMH
• Why E10 petrol may not be driving your car, or your dollar, further – ABC
• Australians owe $45 billion on credit cards, consumers stuck in ‘debt trap’ – ABC
• Release teenager from Australian immigration detention, urges acting New Zealand PM – The Guardian
• Centrelink website crashes as parents rush to claim new childcare subsidies – SBS
• Reserve Bank names Donald Trump main risk to global economy – New Daily
• NBN changes to combat fixed-wireless congestion – ZD Net
• Submarines for Sydney? We’ve been here before — many times – ABC
• Melbourne’s booming outer suburbs to get 290,000 more homes under Coalition plan – ABC
• Winter street count finds almost 400 homeless in inner Melbourne – ABC
• Adams slams $180k KiwiBuild income cap – says it should be $130k – Interest.co.nz
• IMF lobbies Tax Working Group to introduce a land tax – Interest.co.nz

Other:

• Why Are There So Many Robocalls? Here’s What You Can Do About Them – WSJ
• Tech’s ‘Dirty Secret’: The App Developers Sifting Through Your Gmail – WSJ