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‘Factories on the Yarra’, 1928, Aletta Lewis, Art Gallery of NSW
Macro & Markets
- Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 days – Reuters
- A faltering U.S.-China trade deal is now the nations’ strongest link – Reuters
- Trump admits he’s blocking postal cash to stop mail-in votes – AP
- Why 5G is first stage of US-China tech war – Asia Times
- This Bond Market Doomsayer Keeps Being Right – Bloomberg
- Once Upon a Time, Debt Monetization Sounded Crazy – Bloomberg
- To the Brink with China – Project-Syndicate, Haas
- ‘Death Toll Would Be Enormous And Totally Unacceptable’ If US Tried Herd Immunity: Fauci – IB Times
- U.S. Formalizes F-16 Jet Sale to Taiwan With China Tensions High – Bloomberg
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Asia
- China’s actions risk Hong Kong’s future as global financial center – DW
- Why the Turkish lira is in free fall – DW
- Under US pressure, China is planning an economy that can survive a protracted war – SCMP
- US-China relations: Disconnecting from global trade helps no one – SCMP…but does remaining connected help anyone other than China?…
- China slow to curb coal financing as Japan, South Korea ‘accept new reality’ on phasing out fossil fuels – SCMP
- China’s Middle Class Is Staying Home. So Is Its Money – Bloomberg
- China retail sales fall fuels concern for global recovery from Covid-19 – Guardian
- China May Dismiss U.S. Sanctions. Its Banks Can’t – Bloomberg
- Death of Hong Kong with an assist from Trump will be Singapore’s gain – Nikkei Asian Review
- China is far behind farm purchases needed to fulfill terms of trade deal with U.S. – MarketWatch
- Chinese cities find coronavirus in frozen food imports – Japan Times
- Japan wants de facto ‘Six Eyes’ intelligence status: defense chief – Nikkei Asian Review
- China launches anti-subsidy probe into polyphenylene ether imports from US – Nikkei Asian Review
Americas
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- State and Local Budget Pain Looms Over Economy’s Future – NY Times
- Retail Sales Up, But That’s Not The Whole Economic Story – IB Times
- Defunding America’s Forces of Death – Project-Syndicate
- America’s Dual Recession – Project-Syndicate
- Latin America’s Triple Sudden Stop – Project-Syndicate
- The Looming Bank Collapse: The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it. – The Atlantic
- What exactly does a U.S. vice-president do? It would have shocked the country’s founders – CBC
- Our not-so-pure trade policy: Canada plays the same protectionist game as everyone else – Financial Post
- Here’s why this recession has been different from any other – CNBC
- China’s billion dollar pig plan met with loathing by Argentinians – Guardian
- Will Biden be an uber-Keynesian president? – Pearls and Irritations, Tan
- The 10 Scariest Election Scenarios, Ranked – Slate
- Why It Took Us So Long to Understand the Coronavirus – Slate
- U.S. retail sales slow in July; obstacles mount for nascent economic recovery – Reuters
- Can U.S. retail sector’s ‘V-shaped’ rebound jump the fiscal cliff? – Reuters
- U.S. hits fiscal cliff with jobs, economic recovery in the balance – Reuters
- Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains – Reuters
- The great rebuild – Vox
- Companies Should Grab Cash Now Because a Grim Winter is Coming – Bloomberg
- The stock market would love a Democratic sweep in November – MarketWatch
- The perils and promise of America’s legacy cities in the pandemic era – Brookings
- US failure to renew COVID-19 stimulus threatens further economic decline and unemployment – Peterson Institute
- CORONAVIRUS STIMULUS CHECKS TALKS FALL APART AS CONGRESS GOES ON VACATION – Value Walk
- U.S. Retail Sales Post Firm Increase in July – Haver Analytics
Europe
- Thousands flood Belarus capital as election protests grow – AP
- ‘Eat out to help out’ discounts in UK boost coronavirus-hit restaurants – DW
- Meat in Switzerland is pricey, but does everyone benefit? – DW
- ‘Raise sick pay’ to lower virus health and economic risks – BBC
- Fury in Spain at US plans to produce ‘Iberian’ ham in Texas and Georgia – Guardian
- ‘It hasn’t sunk in’: Residents win 60% rent reduction in London council flats – Guardian
- The UK suffers the worst recession of any G7 country – New Statesman
- A wave of strikes sweeps Belarus as workers walk out in protest against the stolen election – BNE Intellinews
- The Moscow Consensus – BNE Intellinews…the Moscow consensus will look pretty good for some time to come, especially for a lot of Russians…
- The UK has now quarantined its closest neighbors. That will have an economic cost – but it may be worth it, for everyone – MarketWatch
- EU Lost 5.5 Million Jobs In Second Quarter, Prepares For Worse Cuts As Furlough Programs Expire – IB Times
- UK in record recession after economy shrinks 20% – Asia Times
- Electronics lead concerns over the EU’s declining share in global manufacturing value chains – VoxEU
- Euro area bank bailout policies after the global financial crisis sowed seeds of the next crisis – VoxEU
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Terra Specufestorus
- After four years, aviation giant Swissport’s enterprise agreement is still not approved – Ninefax….a company obviously can’t get its head around the concept of ‘Better off overall’…
- Worried Australians add $50 notes to coronavirus stash – Ninefax
- National cabinet documents might not be available to state hotel inquiry – Ninefax
- Time to get real about who we’re letting into NZ – Stuff.co.nz
- Virus won’t wait for our leaders to stop playing word games – Ninefax, Megalogenis….another big serving of stodge from George…
- New Zealand’s China trade vulnerabilities, and how to deal with them, are a lesson to other small economies – SCMP
- How Australians spent their one-off $750 Federal government coronavirus stimulus payments – ABC
- Coronavirus bank loan repayment deferral guidance issued by regulator ASIC – ABC
- Are the ‘big four’ accounting firms above the law? – Pearls and Irritations…is the Pope a Catholic? Do bears leave faecal deposits in the woods?…
- Why do LNP Governments hate the arts and universities? – Pearls and Irritations, Turnbull…anything prompting people to think in terms of good or bad or of the world they live in rather than themselves poses risks for the Torynuffs…
- ‘It’s called jobkeeper for a reason’: Morrison responds to companies subsidising dividends – Guardian
- Australia should borrow at today’s low rates to pay for job creation – RBA chief – Guardian
- Wages growth figures are historically bad – but they are likely to be the best we will see for a while – Guardian, Jericho
- Migration’s impact on housing demand is now almost negligible, which should ease housing supply pressures over coming months – Interest.co.nz
- The ‘dividendkeeper’ shuffle: how jobkeeper payments are flowing to shareholders – Guardian
- ‘Ants crawling from wounds’: horrifying scenes at coronavirus-hit aged care home in Melbourne – Guardian…this is an absolute disgrace…
- Gutless Wonders: when will politicians demonstrate the accountability they foist on the rest of us? – Michael West
- Land Banking: red tape and a dearth of housing supply are a myth – Michael West, Cam Murray…everyone should read this…
- We need super, but we’re taxing it the wrong way round – The Conversation
- Vital Signs: this university funding crisis was always coming – COVID-19 just accelerated it – The Conversation
- For some companies, JobKeeper has become DividendKeeper. They are paying out, even though the future looks awful – The Conversation
- Jarden and Credit Suisse go their separate ways in Australia – Euromoney
- Coalition’s homebuilder scheme attracts fewer than 250 applicants and ‘no payments have been made’ – Guardian
…and furthermore…
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- Study hints, can’t prove, survivor plasma fights COVID-19 – AP
- The dystopian tech that companies are selling to help schools reopen sooner – Vox
- What would Keynes do? – Vox…worth a look…
- Sun Kissed: We’re not prepared to handle the coming solar panel crisis. – Slate
- Innovation needs manufacturing – Asia Times
- Confidence tricks: The ignorant pundit is absolutely certain; the true expert understands their own limits and how to ask the right questions – Aeon
- Universal unions: Being an employee is a threat to your liberty. But while firms exist, compulsory unions are a basic safeguard of freedom – Aeon
- Coronavirus: what will happen if we can’t produce a vaccine? – The Conversation
- The Pandemic Shows Us the Genius of Supermarkets – The Atlantic
- Priorities for Saving the Private Sector – Project-Syndicate…isn’t it law of the jungle, as those paragons of competitive capitalism keep telling us?…
- Global value chain transformation to 2030: Overall direction and policy implications – VoxEU
- The value of luck in the labour market for CEOs – VoxEU
- Superstar firms and the comparative advantage of countries – VoxEU
- Here’s How Oil Could Skyrocket By 138% – Oilprice
- Belching and jackhammering ‘bad neighbour’ earns rebuke from B.C. judge – CBC…some neighbours do ‘ave ’em…