Links 26 August 2020

Global Macro / Markets / Investing:

• Federal Reserve’s $3 trillion virus rescue inflates market bubbles – Reuters
• Climate change could wipe out up to 14% of the world’s economy by the end of the century – Economo
• Remote work is changing how productivity is measured – Fast Company
• Why does the stock market laugh when the economy cries? – Business Devilhunter
• ‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls – NY Times
• Fed Study Finds Virus Is a Powerful Downward Drag on Inflation – Bloomberg
• How Money Became Dangerous: The Inside Story of Our Turbulent Relationship with Modern Finance – Medium
• Global dividend plunge to be worst since financial crisis – Reuters

Americas:

• America’s College Towns Are Facing an Economic Reckoning – Bloomberg
• Millions of U.S. Jobs to Be Lost for Years, IRS Projections Show – Bloomberg
• Pandemic Recession Is Approaching a Dire Turning Point – The Atlantic
• Economists see a chance of a double-dip recession – CNBC
• The Corner That State Universities Have Backed Themselves Into. For schools to do the right thing would be financial suicide. – The Atlantic
• The temporary rise in the US inflation is not worrying – Economo

Europe:

• Germany extends partial unemployment benefits until March 2022 – Economo
• JPMorgan to challenge UK banks with digital launch in early 2021 – Sky
• Europe is ahead of the United States in the value of commercial real estate transactions – Economo
• Brexit: Brussels makes discussions “unnecessarily difficult”, according to the United Kingdom – Business Devilhunter
• EU subsidies benefit big farms while underfunding greener and poorer plots – The Conversation
• Facebook to pay €106M in back taxes in France – Politico

Asia:

• Japan’s creaking computer systems are hampering economic recovery, experts say – Japan Times
• China is killing academic freedom in Hong Kong – Economist
• China is turning American movies into propaganda. Enough is enough. – Washington Post
• Chinese-Made Smartphones Are Secretly Stealing Money From People Around The World – BuzzFeed News
• China’s rulers will pay a high price for repression in Hong Kong – Economist
• Thousands use social media to protest ‘draconian’ lockdown in China’s Xinjiang – Telegraph
• China’s ‘War on Terror’ in Xinjiang – The Politburo

Trans-Tasman:

• ‘We want them out’: Traditional Owners block road to Adani coal mine in central Queensland – SBS
• Royal commission blasts Morrison government for inaction on aged care – The Guardian
• About ’70 to 80pc’ of Victorian healthcare workers with COVID-19 caught it at work, Government reveals – ABC
• Australia’s Chief Scientist is wrong on gas, say leading experts – The SMH
• Low blow: Sydney’s new ferries won’t fit under bridges with passengers on top deck – The Guardian
• Most international students would tell others not to come to Australia after coronavirus response – ABC
• Four Corners investigates violent crime and the mentally ill – ABC
• Essential poll: Australians back strong surveillance and banning all international flights to curb Covid – The Guardian
• Hundreds of university academics around Australia vote to take unprotected strike action – The Guardian
• Mission impossible: Andrews’ emergency power play looks doomed – The Age
• Businesses that lose JobKeeper will still be able to cut staff hours – The Age
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