Global Macro / Markets / Investing:
- Billionaire Barry Diller says the market is being driven by ‘great speculation,’ and urges investors to save ‘every nickel’ – Business Insider
- Coronavirus recession ends for the rich but is far from over for lower-income communities – CNBC
- Elon Musk says Tesla deliveries will rise 30% to 40% in 2020, touts new battery tech – CNBC
- Market Valuations: Do they Still Matter? – Nava Capital
Americas:
- Elizabeth Warren and Bernie Sanders want big banking reforms following the FinCEN Files Investigations – Buzz Feed News
- No Job, Loads of Debt: Covid Upends Middle-Class Family Finances – WSJ
- Leak reveals $2tn of possibly corrupt US financial activity – The Guardian
- Almost 90 percent of NYC bars and restaurants couldn’t pay August rent – NY Post
- Six months into the pandemic, the US economic outlook is getting gloomier – CNN
- $300 unemployment benefits end in at least 9 states as stimulus hopes fade – CNBC
- Hawaii has among nation’s highest rates of businesses closed for now or for good – Hawaii News
- Here’s why top economists are not worried about the national debt, now worth over $26 trillion – CNBC
- US government debt will reach nearly twice economy’s size in 2050, Congressional Budget Office says – Business Insider
- After 200,000 coronavirus deaths, the US faces another rude awakening – The Guardian
Europe:
- Why has COVID-19 hit different European Union economies so differently? – Bruegel
- The ECB will accept green bonds for compensation – Economic Daily
- Redefining European Union green bonds: from greening projects to greening policies – Bruegel
- The Eurozone QE could exceed 3 trillion EUR for the first time – Finances Herald
- Italians vote to sack hundreds of MPs in referendum to reduce size of Parliament by a third – ABC
- EU seeks new powers to penalise tech giants – FT
Asia:
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- The 7 Problems Manufacturers Will Need To Solve To Move Their Supply Chains Out Of China – Forbes
- Ren Zhiqiang, Who Called Chinese President a ‘Clown’, Jailed for 18 Years for Alleged Corruption – The Guardian
- China Uproots Ethnic Minority Villages in Anti-Poverty Fight – Japan Times
- Chinese tycoon who criticized Xi Jinping’s handling of coronavirus jailed for 18 years – CNN
- How to Counter the Chinese Communist Party – Beijing’s oppression of the Chinese people is its weakness – National Review
- Uyghur activists hope for genocide ruling as tribunal takes up China’s actions in Xinjiang – Taiwan News
- China’s labor program in Tibet has echoes of Xinjiang: Report – Jakarta Post
Trans-Tasman:
- $17.5m in taxpayer-funded ‘no-tender’ grants for Foxtel fast-tracked through Cabinet – ABC
- Mark McGowan launches defamation lawsuit against Clive Palmer – ABC
- If we realised the true cost of homelessness, we’d fix it overnight – The Conversation
- PM Unveils New RentSeeker Allowance To Help Struggling Investment Property Owners – Betoota Advocate
- Feeding the Chooks: Scott Morrison’s marketing triumph over mainstream media – Michael West
- Labor commits to ‘environmentally sustainable’ gas development – The Guardian
- Michael Pascoe: Government fesses up (very quietly) to 2019 budget bungle – New Daily
- The Australian Bushfires Stuck the Country With a $2 Billion Medical Bill – Gizmodo
- Two million homes to get access to NBN fibre-to-the-home in $3.5b plan – Brisbane Times
- Malcolm Turnbull says Government’s energy plans are ‘crazy’ and ‘a fantasy’ – ABC
- …About that 2020 second quarter GDP figure… – Interest.co.nz
- RBNZ hints at introducing Funding for Lending programme ahead of OCR cut – Interest.co.nz
- Does banks’ loan provisioning under estimate the true impact of COVID-19? – Interest.co.nz