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Heat Haze, Dorrit Black, 1919, Art Gallery of NSW
Macro & Markets
- Oil plunges 6 percent as economic slowdown fears grip market – Reuters
- Dollar Exposed to Dysfunction and Paralysis in Washington – Bloomberg
- ‘The worst is yet to come’: Experts say a global bear market is just getting started – CNBC
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Americas
- Trump calls Fed ‘only problem’ in U.S. economy; markets slump – Reuters
- In Defense of the Fed – Project-Syndicate, Roach
- Apocalypse Trump – Project-Syndicate
- The US is on the edge of the economic precipice – Trump may push it over – Guardian, Reich…very good read…
- China blasts Ottawa and allies for hypocrisy over detained Canadians, calling Meng Wanzhou’s arrest ‘truly arbitrary’ – SCMP
- Trump Renews Attack on Fed as Mnuchin Tries to Calm Markets – NY Times
- Economy Is Strong. Leadership Is Shaky. Which Will Win Out in 2019? – NY Times
- It Doesn’t Matter if Ecuador Can Afford This Dam. China Still Gets Paid. – NY Times
- The decline of African-American and Hispanic wealth since the Great Recession – Voxeu
Asia
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- China won’t resort to massive stimulus but more easing seen: central bank adviser Sheng – Reuters
- Could China Turn Inward? – Project-Syndicate
- China imports zero U.S. soybeans in November for first time since trade war started – Reuters
- Vietnam tested by multinationals seeking trade war detour to avoid US tariffs on China – SCMP
- India’s ‘two-child policy’ debate underscores deep social divisions – Nikkei Asian Review
- China Still Has a Treasure Chest of Overseas Real Estate to Sell – Bloomberg
- China Vows More Support for Private Sector Buffeted by Slowdown – Bloomberg
- Behind the Myth of China’s Great Technology Grab – Bloomberg
Europe
- Corbyn has given up on Europe. For the good of Britain, we cannot – Guardian
- Policymakers urge action on EU sovereign debt ‘doom loop’ – FT.com
- Royal Bank of Scotland (RBS) applies for German banking license – Deutsche Welle
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Terra Heatwavus
- Australia heatwave to break Christmas weather records with temperatures up to 47C forecast – Guardian
- New drone-hunting tech to roll out at major Australian airports – Nine
- Victoria less glum on growth than other states – Nine
- Australia made third highest number of requests for Apple data in the world – Guardian
- ‘Extreme urgency’: State scrambles to investigate Opal Tower crack – Nine
- States downgrade growth and jobs over housing worries, bank inquiry – Nine
- Sydney Opal Tower at ‘no risk’ of collapse, but many residents still unable to return home – ABC
- Shoppers filmed rushing for baby formula in Sydney supermarket amid fears of supply issues – ABC…check the vid…
- Financial planning rot more than just a few bad apples – ABC
- Murray-Darling Basin Authority: a royal, commissioned farce – Michael West
…and furthermore…
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- How men became eunuchs to serve in imperial China’s Forbidden City – SCMP
- China’s most dangerous export is anti-market ideology. And we’re buying it – Financial Post
- Gift giving an exception to one of human nature’s rules – Nine, Gitto
- Want a free country house in Japan? They’re giving them away – CNBC
- The Kurds: Betrayed Again by Washington – The Atlantic
- The Genetic Legacy of the Spanish Inquisition – The Atlantic
- Pope slams ‘insatiable greed’ at Christmas Eve Mass – Deutsche Welle
- Why Americans and Britons work such long hours – Economist …and Australians…
- How the future of work may unfold: A corporate demand-side perspective – Voxeu
- It’s time to put the 15-hour work week back on the agenda – Conversation….why not put taxing the rich back on the agenda and really building infrastructure, and really pushing technology and keeping everyone busy rather than creating an underpaid serf class with a lot of time on their hands?…