Weekend Reading: 8-9 September 2018

Global Macro / Markets / Investing:

• Lehman insider: why the bank could and should have been saved – FT
• Trump’s Trade War Is Hitting U.S. and China Stocks Equally – Council on Foreign Relations
• Five surprising outcomes of the 2008 financial crisis – FT
• SEC’s Stock Trading Experiment Cost Investors Over $300 Million, Study Finds – WSJ
• JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets – Bloomberg
• Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens – Bloomberg
• Credit Derivatives Dethroned by ETFs as Managers Fret Downturn – Bloomberg
• The Phenom Behind Blackstone’s Real-Estate Machine – WSJ
• Warren Buffett Explains the 2008 Financial Crisis – WSJ
• Emerging-Market Rout Is Longest Since 2008 as Confidence Cracks – Bloomberg

Americas:

• Trump inauguration crowd photos were edited after he intervened – The Guardian
• Trump’s nightmare: “The snakes are everywhere” – Axios
• New rule would allow Trump admin to hold migrant kids indefinitely – NBC
• Things Are Not Going to Plan in Trump’s U.S. Trade Deficit Wars – Bloomberg
• How Self-Driving Cars Could Ruin the American City – The Atlantic
• The crisis isn’t Trump. It’s his Republican enablers. – VOX
• About 2 Million Low-Income Americans Would Lose Benefits Under House Farm Bill, Study Says – NY Times
• Rescuing America from ‘the devil’s workshop’ – FT
• NIMBYs Dominate Local Zoning Meetings – City Lab
• Layoffs Just Reached a Half-Century Low – WSJ
• NAFTA needs a tune-up, not a major overhaul – The Hill

Europe:

• Why Europe needs a ‘high-pressure’ economy – FT
• Why Trump’s US is worse off than Brexit Britain – FT
• After 25,000 Stores in 78 Countries, Starbucks Turns to Italy – WSJ
• Wind turbines could cover 40 percent of the current electricity consumption in Germany – Phys
• German streets not ‘paved with gold,’ says Afghanistan’s Ashraf Ghani – DW
• German state to investigate far-right AfD for ‘unconstitutional goals’ – Reuters

Asia:

• Trump Eyes a Japan Trade Fight – WSJ
• China warns of retaliation if U.S. slaps new tariffs – Reuters
• India’s Gay Sex Ban, a Colonial Vestige, Is Struck Down – NY Times
• India Just Decriminalized Gay Sex – BuzzFeed
• Off the Scale: S&P’s China-Ratings Plan Spurs Worries of Too Many Triple-A’s – WSJ
• President Trump hints to WSJ that trade fight with Japan could be next – CNBC

Trans-Tasman:

• The Australian government is failing to meet its domestic and international obligations to protect threatened species – The Guardian
• ‘Nasty’ tactics of Dutton’s backers during Liberal Party spill revealed – ABC
• Middle income Australians face a tax hit over next decade – The SMH
• Domino’s has ‘systemic’ problems; only four stores ‘fully comply’ with workplace laws – ABC
• ‘Lucky you got the cameras around’: Katters take on socialists in scream-off – The SMH
• PM says the recent Aus Gov “muppet show” is over, but clearly that is a cry for the help – PBS
• ‘Revved up’: Land being cleared at the rate of 14 football fields a day in northern NSW – The SMH
• Tenants unable to pay the rent should get two jobs or move to Adelaide or Perth, Real Estate Institute says – ABC
• Millennial men say women are favoured at work – The SMH
• Scott Morrison contradicts energy advice, saying Paris targets can be met ‘at a canter’ – The Guardian
• Victorian government ‘in class action territory’ over Matthew Guy document privacy breach – The Guardian
• ASIC takes NAB to court over fees for no service – Canberra Times
• Labor ramps up pressure on Dutton’s childcare centres ahead of return of Parliament – ABC
• Musings of a Reserve Bank Governor – Interest.co.nz
• Large scale prefabricated housing construction a step closer as KiwiBuild ramps up – Interest.co.nz

Other:

• Gen Z Is Coming to Your Office. Get Ready to Adapt. – WSJ