Global Macro / Markets/ Investing:
- Gillette reports nearly -10% sales since they got woke – Biz Journals
- Housing Can’t Be Both Affordable and a Good Investment – CityLab
- Why Buying A Home Is A Terrible Investment – ZeroHedge
- Dalio: something like MMT is coming, whether we like it or not – Bloomberg
- Citigroup makes progress in push to catch up with US rivals – FT
- Global stocks are moving mixed after the latest Fed meeting – Finance & Markets
- Reform capitalism or face revolution, billionaires are told at Milken Conference – LA Times
Americas:
- Poll finds hunger for change to US system of government – AP News
- California’s population growth is the slowest in recorded history – LA Times
- Layoffs in the auto sector totaled 3,915 in April – MarketWatch
- Car Sales Just Keep Plummeting – Jalopnik
- A better way to provide relief to student loan borrowers – Brookings
- How Much Cheaper It Is To Rent Than Buy A Home In Every State, Visualized – Digg
- Productivity soars 3.6% in first quarter, drives fastest yearly gain since 2010 – MarketWatch
- Who’s moving? U.S. catching up to Southern California’s lengthy homeownership – OC Register
- Student debt a problem for individuals, not the US economy: Deutsche Bank – Fox Business
Europe:
- European regulators fear Deutsche Bank U.S. stress test failure: source – Reuters
- European fund managers are casting an increasingly skeptical eye towards the oil industry – Truth Out
- UK must cut greenhouse gases to zero by 2050, warn Government advisers – ITV
- Retail sales in Germany declined in March 2019 – Economo
- FinTech Alliance to strengthen UK sector’s global competitiveness – Compelo
- City of Amsterdam to ban all gasoline and diesel vehicles from 2030 – Reuters
- EU Threatens To Cut ‘All Subsidies’ If Pakistan Fails To Prevent ‘Persecution Of Religious Minorities’ – swarajyamag.com
- Juncker: No UK politician is ‘passionate about Europe’ – Politico
Asia:
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- India Challenges China in Global Fintech Fundraising – Entrepreneur
- China’s population to peak in 2023, five years earlier than official estimates – SCMP
- Nearly 80% in Japan support having women on throne and 82% feel affection for new emperor – Japan Times
- Abe ready to meet North Korea’s Kim Jong Un ‘unconditionally’ to ‘break the shell of mutual distrust’ – Japan Times
- Bernie Sanders slams Joe Biden for downplaying China’s economic threat to the US – CNBC
- Security report confirms Chinese Communist Party has infiltrated Taiwanese media – Taiwan News
Trans-Tasman:
- Clive Palmer’s $100m Aboriginal foundation only has $109 in it, records show – The Guardian
- Adani mine delayed indefinitely by Queensland government – The Guardian
- Anti-Labor scare campaign targets Chinese-Australians with WeChat – ABC
- A lesser known Peter Dutton Scandal – John Menadue
- Former Coalition education minister backs Labor’s childcare wage rise plan – The SMH
- Uber to face major class action from thousands of taxi and private drivers – ABC
- Of course rich people think inequality doesn’t matter. They don’t see it – The Guardian
- Increasing super to 12 per cent will deliver $20 billion hit to wages – The Age
- Morrison defied Treasury’s advice to reject help for Liberal donor’s power company – The Guardian
- Adani’s Carmichael mine is unlikely to go ahead, and most people know it – The Guardian
- $72 million welfare tweaks announced as $5 billion overhaul recommended – Interest.co.nz
- Why regional growth is important – Inteerst.co.nz