Global Macro / Markets / Investing:
- Why Does Everyone Hate MMT – GMO
- Yellen Says She’s ‘Not a Fan of MMT’ as List of Detractors Grows – Bloomberg
- Apple’s Reinvention as a Services Company Starts for Real Monday – Bloomberg
- Thinning Liquidity in Key Futures Market Worries Traders – WSJ
- Low Interest Rates Might Be What’s Hurting Growth – Bloomberg
- Corporate Taxation in the Global Economy – PIIE
- Hedge Fund Launches Hit 18-Year Low – Institutional Investor
Americas:
- Puerto Rico faces food stamps crisis as Trump privately vents about federal aid to Hurricane Maria-battered island – Washington Post
- Congestion Pricing in Manhattan, First Such Plan in U.S., Close to Approval – NY Times
- Is the Bay Area pushing people to the breaking point? – Mercury News
- Democrats Say It’s Safe to Spend Big Again. They’re Wrong. – Bloomberg
- US corporate debt is high but not yet dangerous – FT
- California Has the Jobs but Not Enough Homes – WSJ
Europe:
- German billionaire family that owns Einstein Bros. Bagels admits Nazi past – Washington Post
- German family to give $11M after hearing extent of Nazi past – AP
- Corbyn and May both hit new favourability lows – YouGov
- Too poor to play: children in social housing blocked from communal playground – The Guardian
- Theresa May drops plans to call for ‘indicative’ Brexit votes – FT
- Brexit: May tells MPs she does not have enough support to win third meaningful vote – The Guardian
- Not enough votes for Brexit deal yet – May – BBC
- Russian air force planes land in Venezuela carrying troops: report – Reuters
- Sweden Seen Likely to Force Banks to Handle Cash Transactions – Bloomberg
- Britain’s financial sector has gloomiest outlook since 2008 crisis:… – Reuters
Asia:
- Chinese academic fired after public criticism of party leadership – FT
- China Has a Lot of Financial Opening Up to Do, Says Central Bank – Bloomberg
- China’s leaders should study James Bond films – The Economist
- Macron hails ‘end of Europe naïveté’ towards China – FT
- Japan braces for financial disruption when Akihito abdicates – FT
- China’s bids to improve food safety and welfare for its people are just empty words – SCMP
- Chinese Education Startup Puts Western Teachers on Notice – WSJ
Trans-Tasman:
- One Nation wanted millions from the NRA while planning to soften Australia’s gun laws – ABC
- Senior Liberals are disowning the party’s hard-right vice president – The SMH
- Two privately operated prisons in Queensland will be transferred into state hands – ABC
- Mining giant Adani fined for polluting ‘beautiful’ Queensland wetlands during monster storms – SBS
- Pokies lobby donated $1m to Victorian Labor in bid to keep Greens out of power – The Age
- ‘Legalising’ cannabis in Canberra would put more smokers behind bars, ACT police warn – ABC
- Scott Morrison’s $9 billion mass detention plan – The Age
- IT Companies Unprepared to Respond to Data Requests Under New Encryption Laws – Media Net
- ‘He was in it right up to his neck’: How Scott Morrison deposed a prime minister – The Age
- Business leader and prominent Liberal Party supporter Tony Shepherd is warning the Federal Government not to go through with handing out tax cuts to households. – ABC
- Shorten to announce Labor’s ‘living wage’ plan but without an amount or timing – The Conversation
Latest posts by Unconventional Economist (see all)
- Palaszczuk demands TourismKeeper from federal government - January 28, 2021
- Domain: Australian property prices hit record high - January 28, 2021
- Superannuation is a tax dodge for the rich - January 28, 2021
‘Brunei laws punishing LGBT people with whipping, stoning ‘to be implemented next week’
https://www.abc.net.au/news/2019-03-26/lgbt-muslims-brunei-face-whipping,-stoning-under-new-laws/10938592
It’s ok though because those folks will be saved from the whipping/stoning/death by the ‘moderates’.
Diversity is our strength you racist! Haha.
https://www.mercurynews.com/2019/03/24/is-bay-area-pushing-people-to-the-breaking-point/
Is the Bay Area pushing people to the breaking point? New poll reveals striking, widespread dissatisfaction
I wonder if the text was written about Sydney and than “Sydney” replaced with “Bay Area”
No Bay Area is worse than Sydney! I work for a company who is based in SFO, but global footprint and I had the opportunity to move there a few times in the last 10 or so years. Everytime I’d go there, I was like this seems cool and all, but then I’d see what traffic is like each morning and the commute my friends were doing. Then I’d hear the cost of rent etc.. and I just thought it’s not worth it.
Sydney is bad for traffic, rents etc.. but at least living in Australia I was closer to family in Melbourne and could more easily visit them. Plus Sydney is far better than SFO in terms of less homeless, and I just feel like the United States is a very win/lose society, there is no middle-ground.
If I was a single man and didn’t have to consider my partner and her wanting to be closer to family I’d probably would have been more likely to consider moving there. It has a lot of plusses but each year I go back it seems to be getting worse in terms of traffic, people, housing etc.. it’s like Sydney x10 with the amount of people flooding in all over the world. Bit like a modern day gold rush, but instead it’s all tech based.
So basically Sydney is better for you because you have family here but people who live in SF have family there – otherwise SF and Sydney are more or less the same – destroyed by cheap credit money (housing bubble in Sydney’s case and IT bubble in SF)
I have a friend living in SFO and he’s been priced out of a home for ages. He is pretty entrepreneurial too. Started a few ventures. Still not getting anywhere. He lives out San Jose way and it’s almost worse out there.
I know him because we are both into old Datsun’s. He has sort of given up on the hobby because he can’t store his cars and parts easily enough with renting etc..
So yeah I’d say it’s destroying lifestyle over there.
Another friend of mine I lived with in Dublin moved to SFO. He rents a studio downtown in SFO (mission area) and it costs him $2,600 USD P/month and it’s a tiny shoe box. When I stay over I sleep on the couch. Very little room for more than 1 person.
I pay that in $AUD for a house with backyard in Inner West Sydney. 8km from CBD. So I’d still say SFO is worse than Sydney.
I feel safer walking around in Sydney at night than what I do in SFO. Lots of crack heads in parts of SFO and lots and lots of homeless tents etc.. feels very rough.
I remember visiting there in 2009 and felt exactly the same thing. I believe Australia will end up the same way.
@d672c804897d that’s been my fear for some time now also.
Too poor to play: children in social housing blocked from communal playground – The Guardian
https://www.theguardian.com/cities/2019/mar/25/too-poor-to-play-children-in-social-housing-blocked-from-communal-playground
Something like this cannot ever happen in Sydney
.. because there are no communal play areas, our developers build a 20 storey tower on every remaining space they own
Where’s that cranky bloke from Bubblepedia? Hey, all that talk of yours about not having kids because climate change…this bloke says you’re wrong!!
https://mobile.twitter.com/_waleedshahid/status/1110580141493755904
Only one question needs to be asked about the North Sydney Pool…is it a desirable spot for a highrise development.
https://www.abc.net.au/news/2019-03-27/sydney-news-morning-briefing-wednesday-march-27/10942168
Gladys knows…she will after the Jones chap tells her anyway.
It’s just some water by the bridge, concrete it up and put a lovely looking high rise, we can flog it to the Chinese. Think of all the stamp duty alone? It would certainly make more than $30M. The people of NSW voted for it, don’t forget.
Would endemic corruption look something like this? Sell a $730m asset to oh, I don’t know…maybe a really, really rich person with connections and lots of spare cash to donate to political parties…for $1m and then offer a bit of gubmint money for a ‘very small’ upgrade to said $730m/$1m asset.
https://www.canberratimes.com.au/politics/federal/very-small-coal-project-on-government-funding-shortlist-20190326-p517pg.html
The crap still flows…….here is a “trusted” news source explaining away the collective behaviour of the MSM over the Russia collusion gig…..
https://www.wsj.com/articles/a-catastrophic-media-failure-11553555444
And here is Nancy Pelosi telling it like it really is……..
https://www.c-span.org/video/?c4674689/wrap-smear
Make up your own mind, but for me, the media are complicit and should face criminal investigations. We have a good opportunity to clean house here…..that opportunity should not be wasted.
https://www.xda-developers.com/huawei-chip-factory-uk/
Huawei building a factory & R&D centre in Cambridge might be a good thing in many ways, however the cynic in me suspects it’s more about getting their hands on top flight research from Cambridge grads.
Kiwi ladies trying to show support for slain Muslims instead give ISIS sign (haven’t checked it out but this guy should know what he’s talking about)
https://twitter.com/Imamofpeace/status/1110730183214919680?s=19
Here is a catching tune – the first MMT song
It’ll have you nodding your head…… in time!
https://soundcloud.com/christianreilly/spending-in-the-world-as-we-know-it