Links 9 June 2020

Global Macro / Markets / Investing:

• The day is dawning on a four-day work week – The Conversation
• All of the World’s Money and Markets in One Visualization – Visual Capitalist
• Visualizing the Human Impact on the Ocean Economy – Visual Capitalist
• Unemployment report ‘biggest positive data shock’ for markets in history: El-Erian – Fox Business
• The Climate Case for a Jobs Guarantee – Bloomberg

Americas:

• The only way to truly solve the race problem in America is to narrow the wealth gap, black economists say – MarketWatch
• Don’t Lose the Thread. The Economy Is Experiencing an Epic Collapse of Demand – NY Times
• Left out: More workers now losing hope of getting back jobs – AP
• American Jobs Are Returning But An Ugly Summer Still Looms – Bloomberg
• Meet the hidden architect behind America’s racist economic system – Raw Story
• El-Erian: Here’s a ‘nightmare scenario’ for the U.S. economy – Yahoo
• Coronavirus Layoffs: Boeing Lays Off 6,770 Workers Amid Pandemic – Forbes
• ‘I’m squeaking by right now’: voices of America’s unemployment crisis – The Guardian

Europe:

• Rising savings of the European consumers are exacerbating economic problems – Economo
• The risk of deflation has necessitated stronger action by the ECB – Economo
• German factories orders suffered a record drop in April – Economo
• Christine Lagarde’s courage will not be enough for the Eurozone – Economo
• Spain rekindles a radical idea: a Europe-wide minimum income – The Guardian
• U.K. Finds That Green Business Is Good Business – NY Times

Asia:

• HSBC warns it could face reprisals in China if UK bans Huawei equipment – Channel News Asia
• China to Strengthen Global Cooperation in COVID-19 Vaccine Trials – Reuters
• Recession Looms as India Reopens After Lockdown – BBC
• India Overtakes Italy’s Coronavirus Tally as Lockdown Easing Looms – Channel News Asia
• Taiwan Mayor and Ex-presidential Candidate Loses Recall Vote – Kyodo News

Trans-Tasman:

• China urges citizens to shun Australia as dispute simmers – Yahoo
• Australia: Legalising cannabis is way overdue – Mondaq
• Government to switch off free child care next month – ABC
• Coronavirus has thrown a spotlight on Australia’s manufacturing industry. This is the story of its rise and fall – ABC
• ‘History will be kind’: Abbott says cuts paved way for COVID-19 response – The SMH
• Discount cruises are tempting passengers back on board but it won’t be business as usual – SBS
• It’s bigger than Texas, but the NT could end up with just one federal MP – ABC
• The next pandemic is coming – and sooner than we think, thanks to changes to the environment – ABC
• ‘Free money’: Real estate agents flooded with calls about HomeBuilder grant – The SMH
• ‘We are ready’ – Level 1 on Tuesday – Interest.co.nz
• A CGT makes even more sense now– Interest.co.nz
• Brave new world: The foreign policy risks and opportunities of the Covid-19 era – Interest.co.nz
• The value of new building starts dropped 4.2% in the March quarter compared to a year ago – Interest.co.nz