Global Macro / Markets / Investing:
- Even billionaires are acknowledging that the system that created their crazy amount of wealth is unsustainable – Business Insider
- Algorithms are maximizing profits for online retailers by colluding to set prices above where they would otherwise be in a competitive market – PonderWall
- Warren Buffett says bitcoin is a ‘gambling device’ with ‘a lot of frauds connected with it’ – CNBC
- The Billionaires Behind the Far-Right – Counter Punch
- Insurance experts rank climate change as top risk for 2019 – Grist
- Pig ‘Ebola’ Virus Sends Shock Waves Through Global Food Chain – Bloomberg
- Warren Buffett says no textbook could have predicted the strange economy we have today – CNBC
- Environmental Crisis, Oil Geopolitics and the Trump Diversion – Counter Punch
- Economic Models vs. The Real World – Mises
- The global debt bomb can ruin the world – Economo
Americas:
- US job growth surges in April, beating expectations with 263,000 added – Fox Business
- Why Wages Are Finally Rising 10 Years After The Recession – Stock Market News
- How Brain Drain Contributes to Regional Inequality – City Lab
- Tuition or Dinner? Nearly Half of College Students Surveyed in a New Report Are Going Hungry – NY Times
- 137 million Americans suffered hardships from medical costs – ABC
- Trump’s Economy Could Mimic George W. Bush’s – Bloomberg
- The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation – NY Times
- Don’t Be Shocked If Trump’s Economy Goes the Way of Bush’s – Bloomberg
Europe:
- Glyphosate revolt rocks Germany Inc – Politico
- European real estate assets record strong income and capital growth – CRE Herald
- Bangladeshi migrants forced to pay up to €20 000 each for an inhumane journey to Europe – Europa
- EU to shield its companies in Cuba via WTO – Reuters
- US natural gas exports to Europe surge nearly 300% – Washington Examiner
Asia:
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- China Putting Minority Muslims in “Concentration Camps,” U.S. Says – Reuters
- Vietnamese Woman in Kim Jong Nam Murder Case Freed, But Plotters May Never Face Trial – Japan Times
- Monster Cyclone Fani Smashes Eastern India – Japan Times
- US accuses China of using ‘concentration camps’ against Muslim minority detaining up to 3 million people – The Guardian
- Chinese banks quietly lower daily limit on foreign-currency cash withdrawals – SCMP
- China’s high-tech repression threatens human freedom everywhere – Washington Post
- China tries to bully Taiwanese students out of food market in Hungary – Taiwan News
Trans-Tasman:
- Legal cannabis could earn $1b tax revenue and create 250,000 jobs – 9News
- New GetUp poll shows crash in support for Tony Abbott in Warringah – The SMH
- Climate change costings that don’t count the cost of inaction are worthless – The Guardian
- Bill Shorten offers a wage gain and a jobs boost in economic pitch – The SMH
- CBA executive allegedly bullied and sacked after blowing whistle – The SMH
- Bill Shorten to pledge $500 million to slash hospital emergency department waiting times – News.com
- Legal Cannabis: Drug driving laws need overhaul as part of legal cannabis proposal, Australia news – 9News
- How WA is on track to have Australia’s most advanced weather forecasting system – ABC
- BNZ boss eyes ongoing housing market growth as ANZ rival sees quiet market – Interest.co.nz
- April auction activity down 13% compared to last year, sales rate only slightly lower – Interest.co.nz