Links 2 October 2020

Global Macro / Markets / Investing:

• There’s no such thing as a self-made billionaire – The Correspondent
• Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home – CNBC
• Marathon Petroleum, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic – Reuters
• American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’ – Bitcoin
• Fed ‘Bubbles’ Strategy Confronts Concerns About Low Rates – WSJ

Americas:

• Trump tax revelations shine a spotlight on IRS enforcement – The Hill
• Trump’s claim that he created the “greatest economy in the history of the U.S.” is a hoax – Snopes
• More than half of the 88 million jobs supported by aviation could be lost temporarily as a result of the pandemic – Daily NY
• Disney to lay off about 28,000 parks unit employees due to coronavirus hit – Reuters
• American and United cutting 32,000 jobs as federal aid plans stall – CNN
• The covid-19 recession is the most unequal in modern U.S. history – Washington Post

Europe:

• The ECB changes its inflation policy, the 2% target is no longer realistic – Finance Drops
• The return of Europe’s largest beasts.Bison and wolf populations are reviving in parts of Europe, in an effort to return some of the landscape to wilderness – BBC
• Turkey has only been publishing symptomatic coronavirus cases – Reuters
• Belgium agrees on government, 16 months after election – DW
• Denmark: We can slash CO2 by 70% in a decade and still have welfare – Reuters
• Brexit blow to car industry as EU rejects crucial UK plan to avoid export tariffs – Independent
• Brussels’ plan to rein in Big Tech takes shape – Politico

Asia:

• China to probe Google over Android’s possible market abuse – RT
• Ai Weiwei: ‘Too Late’ to Curb China’s Influence – BBC
• Amnesty International to Halt India Operations, Citing Alleged Reprisals by the Government – BBC
• Greta Thunberg criticises China after climate striker held over protest – SCMP
• The U.S. Intelligence Community Is Not Prepared for the China Threat – Foreign Affairs
• In Trump-Biden debate chaos, China and other opponents of democracy are the big winners – CNN
• Big tech firms may be handing Hong Kong user data to China – The Guardian

Trans-Tasman:

• We fact checked Tony Abbott on Victoria’s lockdown. Here’s what we found – ABC
• Judge criticises police ‘code of silence’ after officers charged over attempted rape of 17yo – ABC
• Fossil fuel gaslighting: accept climate change but undermine action – Michael West
• Scott Morrison says he is ‘surprised’ ABC staff voted against cutting their pay – The Guardian
• Meet the Liveable Income Guarantee: a budget-ready proposal that would prevent unemployment benefits falling off a cliff – The Conversation
• Coalition MPs urge Scott Morrison to restore funding to auditor general – The Guardian
• The Morrison government argues tax cuts will power our recovery. They won’t – The Guardian
• Commercial laundry discovers it has 25 migrant workers with 31 untapped degrees – ABC
• Morrison rebukes NSW environment minister for calling Narrabri gas project a ‘gamble’ – The Guardian
• Coalition hides conflicts of interest of staff involved in $30m land purchase near Western Sydney airport – The Guardian
• Police step in at Victorian quarantine hotel as infection-control fears emerge – The Age
• Rush of new listings suggests strong start to summer real estate market, especially in Auckland – Interest.co.nz
• Business confidence improving but still in recession mode – Interest.co.nz
• The average value of all NZ homes rose 7.6% over the last 12 months – Interest.co.nz