Links 2 November 2018

Global Macro / Markets / Investing:

• Startling new research finds large buildup of heat in the oceans, suggesting a faster rate of global warming – Washington Post
• We Have to Save the Planet. So I’m Donating One Billion Dollars. – NY Times
• Bitcoin Turns 10: Still Not All Grown Up – WSJ
• Markets aren’t struggling because investors fear Democrats – Politico
• Cryptocurrency Pump-and-Dump Schemes – SSRN
• The High Cost of Rising Tariffs – WSJ
• Trans-Pacific Partnership to start in December – FT
• Countering global protectionism, Pacific trade pact nears takeoff – Reuters

Americas:

• Companies Raise Prices, Betting Consumers Can Pay More – WSJ
• Has Mueller Subpoenaed the President? – Politico
• Inside What Even an Ally Calls Trump’s ‘Reality Distortion Field’ – NY Times
• Over 1,500 at Google Plan Walkout to Protest Handling of Sexual Harassment – NY Times
• The US’s lost decade – FT
• How to Punish Voters – NY Times
• Democrats in an All-Hands-on-Deck Scramble to Save Menendez in New Jersey – NY Times
• George Soros and the migrant caravan: How a lie multiplied online – USA Today
• Trump Vows to Send Up to 15,000 Troops to U.S.-Mexico Border – WSJ
• Yellen says rising deficit is unsustainable: ’If I had a magic wand, I would raise taxes’ – CNBC
• Congress Has No Clue What Americans Want – NY Times
• U.S. workers see fastest wage growth in a decade, outpacing inflation – Washington Post
• Housing market now ‘reminds me of 2006,’ Robert Shiller says – MarketWatch
• U.S. borrowing on pace to top $1.3 trillion this year, the highest since 2010 – Washington Post

Europe:

• German firms urged to cut dependence on China – Reuters
• Boris Johnson given £14k freebie trip to Saudi Arabia by country’s government  – The Sun
• Americans Are Easy Marks for Russian Trolls – The Daily Beast
• Brutalist market: flats at London’s Centre Point taken off market – The Guardian
• Our rudeness to European allies is shameful – The Times
• Could Sanctions against Italy Be Imposed Earlier than Expected? – PIIE
• Firms ’may have to check EU migrants’ – BBC

Asia:

• Reality Hits Over-Hyped Hong Kong IPOs – WSJ
• Vietnam emerges as key beneficiary of trade war – Nikkei
• China reports weakest manufacturing growth in more than two years – CNBC
• This Is How China Keeps a Firm Grip on the Yuan – WSJ
• The quality of Chinese audits are not a source of worry, EY CEO says – CNBC
• Modi government in public spat with Reserve Bank of India – FT
• China Sets Official Yuan Rate at Weakest in a Decade – WSJ

Trans-Tasman:

• New race discrimination commissioner says there is a resurgence of extremism in Australia – The Guardian
• Coal report says Australian exports have peaked and are in ‘terminal long-term decline’ – The Guardian
• Prime Minister Scott Morrison has confirmed his predecessor Malcolm Turnbull won’t be sent to further international events on the government’s behalf – SBS
• Left faction pushes Labor Party to fix culture of secrecy – The Age
• Anglican church told to apologise for marriage vote conduct rather than ‘legalise bullying’ – The Guardian
• Australia’s powerful business lobby has savaged federal politicians for failing to legislate tax cuts for large companies – walchanewsonline.com.au
• Shorten warns against Greens “protest vote” – The Age
• Coalition to spend half a billion dollars on Australian War Memorial project – The Guardian
• Scott Morrison reprimands Malcolm Turnbull – The SMH
• Neoliberalism is dead. Now let’s repair our democratic institutions – The Guardian
• NBN Co staff reap $42.7m in bonus payments – IT News
• Scott Morrison’s race to remove all refugee children from Nauru by 2019 – New Daily
• Sydney home prices fall at the fastest annual pace since 1990 – Business Insider
• ‘You’ll get a cab’: New $35 minimum for Opal card at Sydney Airport – The SMH
• Grain imports on the cards as drought drives up prices and crop forecasts slashed – ABC
• Why the Govt rejected making lenders disclose the effective cost of debt – Interest.co.nz
• Kiwibuild straight out of the Blackadder playbook – Interest.co.nz