‘Ringbarked Trees with Birds’, Henri Bastin, 1969, Art Gallery of NSW
Macro & Markets
- Pandemic Bills Are So Big That Only Money-Printing Can Pay Them – Bloomberg
- US could cut ties with China over coronavirus, ‘save $500 billion’: Trump – DW
- Thermal coal spot price tumbles 25 per cent, putting pressure on some producers – ABC
- The state steps in to save global economies – Le Monde
- Whither Oil Prices? – Project-Syndicate
- Managing the Coming Global Debt Crisis – Project-Syndicate, Eichengreen
- From ‘Respect’ to ‘Sick and Twisted’: How Coronavirus Hit U.S.-China Ties – NY Times
- Fed warns of ‘significant’ financial vulnerabilities from pandemic – Reuters
Asia
- New ban on Huawei blocks access to non-US chipmakers – Nikkei Asian Review
- Chinese President Xi Jinping sets sights on ‘affluent society’ goal as Covid-19 comes under control – SCMP
- Why is China resisting an independent inquiry into how the pandemic started? – SCMP
- Beijing faces a perfect storm as the world turns against its narrative amid rising nationalism, leaving it no room for compromise – SCMP
- China wants to know if you are with it or against it – Nikkei Asian Review
- Can South Korea Boost Its Economy by Turning to Gaming? – The Diplomat
Americas
- The Four Men Responsible For America’s COVID-19 Test Disaster – RollingStone
- How the COVID-19 Bailout Gave Wall Street a No-Lose Casino – RollingStone, Taibbi
- Colombia’s conundrum over Pablo Escobar’s escapee hippos – DW
- America’s Slaughterhouses Aren’t Just Killing Animals – Atlantic
- American leadership’s ineptitude on display – Asia Times
- Why America Resists Learning From Other Countries – Atlantic
- U.S. companies discover the dark side of a COVID-19 business boom – Reuters
- U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation – Reuters
- Donald Trump’s tariffs are costing Americans billions when they can least afford it, but he’s not backing down – SCMP
Europe
- Firms given £1bn of state contracts without tender in Covid-19 crisis – Guardian
- Germany in recession as coronavirus blights eurozone economies – Guardian
- Almost half of UK firms could run out of money within six months – Guardian
- Coronavirus lockdown pushes Germany into recession – DW
- Euro area GDP suffers sharpest drop in over a decade – Irish Times
- Minimal progress in EU-UK trade negotiations – RTE
- Russian Officials Don Coronavirus Charms as Disease Hits Elite _ Bloomberg
Terra Australis
- Australian households face grim financial outlook as coronavirus unemployment rises – Guardian
- Australians seek regional affordability, as research shows 30 per cent price plunge possible with coronavirus second wave – ABC
- Marvellous Mirvac: $8 billion property developer rorts JobKeeper scheme – Michael West
- Too many inconvenient truths for Morrison to uncomfortably deny – New Daily
- 600,000 jobs lost in coronavirus shutdown, but unemployment only rises to 6.2pc – ABC
- Australia-China trade stoush over coronavirus inquiry puts exports — and more —at risk – ABC
- Opportunity Lost: how successive government policies disadvantaged young Australians – Michael West
- A Noisy Stub: Rupert Murdoch’s Australian news assets valued at zip – Michael West
- China, Australia edge towards Covid-19 trade war – Asia Times
- Australia Should Re-imagine Its Alliance With the United States – Pearls & Irritations…another Trump term may prove the undoing of much of Australia’s strategic bedrock…
- Challenges for Australian research and innovation post Covid-19 – Pearls & Irritations
- Why IR reform is not the answer to our problems – Pearls & Irritations
- There’s a lot to worry about in the economy, but here’s what matters most – Ninefax, Gitto
- The questions an independent inquiry into the coronavirus must answer – Ninefax
- Foreign students show Morrison at his most flexible – and stubborn – Ninefax, Megalogenis
- Australian Banks Defer Repayments on $98 Billion of Home Loans – Bloomberg
- A chance to rethink immigration – The Age
…….OK, maybe it’s the ghost of an editorial from the days when Fairfax had a far greater feel on the pulse of thinking Australians than the ghost stalking the corridors at Nine today, but this editorial comment is testament to a line taken by David and Leith here at MacroBusiness – backed by data and a constantly principled and self analysing intellectual framework, and a pretty robust comment section – for a very long time. Everyone should have a read of it……
The great Australian neo Liberal consensus is cracking. Australia is going to have an Immigration debate. Let us keep it civilised, but this is a debate Australia needs to have….
…and furthermore…
- Low-paid workers bear brunt of coronavirus recession, study shows – Guardian
- Bangladesh: Coronavirus reaches largest refugee camp in the world – DW
- As coronavirus disrupts supply chains, could Africa profit? – DW
- In the name of the communist ideal – Le Monde…this – a lot of people in the ex communist world wanted, and still want, a better version of socialism….
- The Countries Taking Advantage of Antarctica During the Pandemic – The Atlantic…Australia needs to be alert to the implications for Antarctica of a rebirthed global strategic backdrop following COV19
- The greater good is no longer great or good for many – Irish Times
- US Saudi drawdown threatens new Gulf arms race – Asia Times
- Killer Corruption – Project-Syndicate
- The New Empty Argument Against Trade – Project-Syndicate
- Caught in Trump-China feud, WHO’s leader is under siege – Reuters
- Humans are not resources. Coronavirus shows why we must democratise work – Guardian
…and coronavirus…