Queen’s Birthday Holiday Links: 8 June 2020

Global Macro / Markets / Investing:

• A massive reset of capitalism is needed before it’s too late – Globe & Mail
• How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally – Market Watch
• Are we heading into another Depression? Economists and analysts give their views on the global economy as countries relax coronavirus lockdowns – FT
• The World’s 25 Richest Billionaires Have Gained Nearly $255 Billion In Just Two Months – Forbes
• This is the greatest 50-day rally in the history of the S&P 500 – CNBC
• The Climate Case for a Jobs Guarantee – Bloomberg
• Oil prices rise to three-month high ahead of OPEC meeting – CNN
• Hedge funds brace for ‘severe rupture’ in markets as valuations diverge from fundamentals – Financial Post

Americas:

• Don’t Lose the Thread. The Economy Is Experiencing an Epic Collapse of Demand. – NY Times
• A ‘misclassification error’ made the May unemployment rate look better than it is. – Washington Post
• ‘I’m squeaking by right now’: voices of America’s unemployment crisis – The Guardian
• A Good Jobs Report Does Not Mean A Rigged Jobs Report – Five Thirty Eight
• A ‘misclassification error’ made the May unemployment rate look better than it is. Here’s what happened. – Washington Post
• Robert Shapiro claims unemployment numbers are off by around eight million people, or almost 6 percent – Washington Monthly
• American retailers have laid off or furloughed one-fifth of their workers: Worse may be yet to come – Economist

Europe:

• Spain rekindles a radical idea: a Europe-wide minimum income – The Guardian
• U.K. Finds That Green Business Is Good Business – NY Times
• UK’s CO2 emissions have fallen 29% over the past decade, now at a level last seen in 1888 – WEF
• Boris Johnson facing backlash after scrapping pledge to keep chlorinated chicken out of British supermarkets – Independent
• Hamburg police use pepper spray as protests turn ugly – Reuters
• Greece commited to further strengthening ties with China. – ekathimerini.com

Asia:

• China Caixin service PMI up sharply in May – Market Watch
• Call to ban students who are used as puppets of China – The Times
• Taiwan populist mayor recalled in historic vote – Yahoo
• China ‘Disappears’ Tiananmen Square Survivor in Run-Up to Anniversary – Breitbart
• Chinese soccer superstar calls for ouster of Communist Party, stunning nation – Washington Post
• China Has Dominated the West Before: history of Europeans and China encounter – The Atlantic

Trans-Tasman:

• Melbourne Black Lives Matter protest organisers fined for breaching social distancing regulations – ABC
• Mayor calls for wood heater buy-back scheme as residents rage over suburban smoke – The Age
• Hotels acting as ‘virtual Centrelinks’: Hospitality industry calls for JobKeeper extension – The SMH
• ‘Free money’: Real estate agents flooded with calls about HomeBuilder grant – The SMH
• ‘They nearly cost me my life’: How robo-debt turned lives upside down – The Age
• Centrelink was warned robodebts could be inaccurate more than four years ago – The Guardian
• ‘Do not travel to Australia’: China issues racism warning to citizens – ABC
• Public health alert issued after fruit picker with COVID-19 flies from Melbourne into Queensland – ABC
• Indigenous deaths in custody: Why Australians are seizing on US protests – BBC
• US healthcare giant tips $45m into Australian EV charging company Tritium – Renew Economy
• Coronavirus pushes millennials to re-skill or face years of wage inequality – ABC
• ‘Mortgage deferrals increase future risks to both borrowers and banks’ – Interest.co.nz
• Extended wage subsidy eligibility criteria widened – Interest.co.nz