Global Macro / Markets / Investing:
- It’s the End of the World Economy as We Know It: Experts suggest there will be “a rethink of how much any country wants to be reliant on any other country.” – NY Times
- ‘Criminally unjust:’ ‘Big Short’ investor who called subprime mortgage collapse slams coronavirus lockdowns – Fortune
- Stronger action on climate change would benefit the economy, study finds – CBC
- Bleak figures from China and US show economic hit from virus – AP News
- The Post-Coronavirus World May Be The End Of Globalization – Forbes
Americas:
- America Can Afford a World-Class Health System. Why Don’t We Have One? Our system takes from the poor and working class to generate wealth for the already wealthy. – NY Times
- Small business rescue loan program hits $349 billion limit and is now out of money – CNBC
- American Jobs Collapse Worsens With Gig Workers Stuck in Limbo – Bloomberg
- 10 years of robust U.S job growth wiped out by coronavirus in 4 weeks – Mazech Media
- Economic analysis shows it would be best to wait until mid-June to reopen the economy – Brandeis
- Fear of an Impending Car-Price Collapse Grips Auto Industry – Bloomberg
- The Small Business Administration Just Burned Through $350 Billion – Medium
- A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe. – WSJ
- US retail sales reported their biggest monthly decline in March – Economo
Europe:
- Denmark needs 37 billion USD to stimulate the economy – Economo
- France will stand with Italy and Spain – FT
- Macron warns of EU unravelling unless it embraces financial solidarity – FT
- Coronavirus: Macron questions China’s handling of outbreak – BBC
- Germany arrests IS suspects plotting attacks on US bases – DW
- Coronavirus: EU leader says Europe owes Italy an apology – BBC
Asia:
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- China’s economy set for first contraction since 1976 as Covid-19 rips up Beijing’s grand plan – SCMP
- China Set to Report Plunge in First-Quarter GDP: Economists project a year-over-year decline exceeding 8%, first drop on record, on hit from Coronavirus. – WSJ
- Key Part of China Shadow Banking Faces Doubling of Defaults – Yahoo
- India needs to learn a lesson from Brexit – Knine Vox
- China tries reviving economy after coronavirus lockdown but consumer engine sputters – Fox Business
Trans-Tasman:
- Australia is one of the most food secure nations in the world, despite droughts and coronavirus pandemic – ABC
- A $73 million payday for Packer but JobKeeper for Crown staff – The Age
- Confidence in Australian property market suffers biggest monthly fall in 47 years: Westpac – Domain
- University of Queensland takes disciplinary action against pro-Hong Kong student activist – The Guardian
- Morrison refuses to ‘be drawn’ on making contact tracing app compulsory – It News
- Does missing a term due to COVID-19 really matter? What happened to student results after the Christchurch quake – ABC News
- Malcolm Turnbull opens up about his struggle with suicidal thoughts in memoir A Bigger Picture – ABC
- Retrenched workers denied JobKeeper because bosses won’t put them back on – The SMH
- 7000 people became beneficiaries last week; 60% of workforce supported by the Wage Subsidy – Interest.co.nz
- Inflation – disappearing fast and hard to even measure – Interest.co.nz
- Sharp drop in the number of student, work and residence visas being approved – Interest.co.nz