Global Macro / Markets / Investing:
- Putting a tax on wealth means we first must measure it – Brookings
- Millennials are ‘canaries in the coalmine’ for toxic economic trends, say Stanford scholars – Stanford
- Workers: no longer needed? Productivity is down despite automation – IBO
- The Economics of a Job Guarantee: Wage and Employment Effects – Niskanen Centre
- The inverted yield curve – Bruegel
Americas:
- Corporate Debt Stories Show People Still Fail to Understand the Great Recession – CEPR
- Under pressure, Fed faces an outlook clouded by trade wars and signs of weakness – Reuters
- The next time the economy tanks, the Fed should give people, not banks, free money – MarketWatch
- America’s Real Economy: It Isn’t Booming – Forbes
- Half the jobs in America pay less than $18 an hour. – Washington Post
- US underlying producer prices increase solidly in May – CNBC
- U.S. Job Openings Outnumber Unemployed by Widest Gap Ever – WSJ
- Mexico says to hold talks with China in early July – Reuters
Europe:
- Nicola Sturgeon (Scotland’s First Minister) holds talks with European leaders – BBC
- Putin gravestones spring up around Russia, call president “thief, liar and political corpse” – NewsWeek
- Dutch parliament slams Erdogan’s comments on Armenian Genocide – Parliamentarian
- US threat to sabotage Corbyn reveals its ‘contempt for democracy’ – Morningstar
- Asylum seekers in EU on the rise again: report – Politico
- UK wage growth faster than expected – BBC
- Brexit: EU will not reopen withdrawal agreement, insists French minister – The Guardian
- EU sees sharp rise in asylum applications from Venezuela – DW
- Germany Could Lure Away a Quarter of Poland’s Ukrainian Workers – Bloomberg
Asia:
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- Gold Imports by India Jump in May as Prices Drop to Year’s Low – Bloomberg
- India withdraws export incentive for onion as prices jump – Reuters
- Why ‘cracking seven’ is a big deal for China’s currency – FT
- Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms – executive – Reuters
- Hong Kong extradition bill: police to flood streets with 5,000 officers as city braces for second wave of protests – SCMP
- All US iPhones could be made outside of China if needed, says Foxconn – The Verge
- Biden now labeling China a ‘serious challenge’ to US – The Hill
Trans-Tasman:
- Morrison govt is ‘reminiscent of George Orwell’s 1984’ – Sky News
- Housing price crash sends homeowners spinning into negative equity territory – Negative equity
- The think tanks shaping Australia: The Institute of Public Affairs – The New Daily
- Trust in news has fallen 2% globally, but in Australia it has dropped 6% – Reuters Institute
- Chris Bowen and Chris Minns in spotlight over six-figure donation from Beijing-linked association – ABC
- Australia missing out on huge cuts in emissions through energy efficiency failure – The Guardian
- Insurance industry engaging in ‘widespread discrimination of people with mental illness’ – ABC
- Dutton savages key Senate crossbencher in brawl over press freedom remarks – The Age
- John Setka to stay on as CFMEU Victoria head after moves to expel him from Labor Party – ABC
- It’s time to end the “strong economy” propaganda – Yahoo
- ‘I really have thought this can’t go on’: Loneliness looms for rising numbers of older private renters – The Conversation
- Australia’s whistleblower laws are ‘impenetrable’, Federal Court judge says – ABC
- Government cools talk of intervention to cut NBN prices – The SMH
- Netflix and video streaming platforms to outstrip traditional pay TV – The SMH
- Centrelink robodebt scheme faces second legal challenge – The Guardian
- ‘Real’ returns for savers heading close to negative – The SMH
- Robots won’t steal your jobs, but that fear may be contributing to stagnant wages, Deloitte says – The Guardian
- Wayne Swan says combating inequality remains ‘Labor’s sacred mission’ – The Guardian
- Treasury & the IRD oppose the one new housing-related tax the Govt’s open to – Interest.co.nz
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Migration gains heading back up towards record levels – Interest.co.nz