Sunday Supplement: 4 October 2020

‘Gift Bearers’ 1955, Albert Tucker, Art Gallery of NSW

Macro & Markets

• Low Taxes Are Never Enough to Attract Wealthy Residents – Bloomberg
• Climate crisis: Is it time to ditch economic growth? – DW
• Critical Minerals and the New Geopolitics – Project-Syndicate
• The Danger of Following the Fed – Project-Syndicate, Issing
• Don’t disregard potential for Armenia and Azerbaijan’s war to spiral into something much bigger – BNE Intellinews
• Imagine Caucasus as “another Syria” cautions Armenia’s president as conflict with Azerbaijan rages on – BNE Intellinews

Americas

• Fed says Powell has been working from home, observing mask and distance protocols – Reuters
• U.S. Supreme Court will consider FCC effort to loosen media ownership rules – Reuters
• U.S. job growth slows; nearly four million Americans permanently unemployed – Reuters
• With the Feds circling, Google is starting to play nice with smaller rivals – Reuters
• U.S. oil producers on pace for most bankruptcies since last oil downturn – Reuters
• U.S. labor market, income data point to drawn-out economic recovery – Reuters
• Donald Trump’s four years in power have ‘totally changed manufacturing’, say US firms forced to rethink supply chains – SCMP
• Nearly 20,000 Covid-19 cases among Amazon workers – BBC
• US airlines lay off thousands of staff as federal relief ends – BBC
• Broadband Internet Is an Imperative, Not a Luxury – Slate, Bush
• Challenge facing US labor market worsened in September even as the headline numbers improved – Peterson Institute
• US unemployment rate falls to 7.9% in last look at jobs market before elections – Guardian
• Federal Spending and Deficits – Cato Institute
• Did Banks Pay Fair Returns to Taxpayers on the Troubled Asset Relief Program? – Cato Institute
• British Columbia’s Chinese at a crossroads – Asia Times
• The Limits of American Recovery – Project-Syndicate, Delong
• Why Trudeau has to back off if the Canada Infrastructure Bank is to succeed – Financial Post
• Economy is cooling as U.S. election nears – CBS News
• Pandemic is an opportunity for Canada to reduce economic dependence on China – CBC

Asia

• China Is Winning the Virus-Economy Recovery Race – Bloomberg
• US-China trade: soybeans, corn and cars surge, but Beijing still not close to meeting demands of deal – SCMP
• Will Chinese consumer spending catch up to support a broad economic recovery from coronavirus? – SCMP
• China’s defence industry stronghold of Mianyang gets shot to reclaim former glory amid US tech war – SCMP
• Chinese families shun Western universities as coronavirus, strained ties are ‘scaring middle-class families’ – SCMP
• US-China tech war: can China’s chipmaking drive save it from US technology embargo? – SCMP
• Japan scrap steel prices spike as China prepares to resume imports – Nikkei Asian Review
• China Is Winning the Virus-Economy Recovery Race – Bloomberg

Europe

• EU threatens Turkey with sanctions over East Mediterranean dispute – DW
• Why Armenia and Azerbaijan are clashing over Nagorno-Karabakh – New Statesman
• East-West economic divide persists in Germany – DW
• The long and illegal road to Stepanakert – BNE Intellinews
• Are the Caucasus energy assets in danger from a war in Nagorno-Karabakh? – BNE Intellinews
• Russia’s response to expansion of NATO to its doorstep – Asia Times
• Germany’s rise shifts its relationship with Russia – Asia Times
• East European nations grow disillusioned with China – Nikkei Asian Review
• Housing crisis will become a monster unless the State kills it now – Irish Times
• How Britain and the US became trapped in the nationalism of decline – New Statesman
• Rishi Sunak: UK needs to protect tech secrets from foreign investors – Guardian
• Shadow chancellor calls on ministers to fulfil pledge on money laundering – Guardian
• Negative interest rates: The Danish experience – VoxEU
• Covid-19 and socio-political attitudes in Europe: In competence we trust – VoxEU
• Germany’s pandemic recovery raises age-old questions about European economy – DW
• Why did the Armenia-Azerbaijan peace process just fail? – EU Observer

Terra Specufestorus

• Australia’s Central Bank Is ‘Dysfunctional,’ Ex-Researcher Says – Bloomberg
• ‘Migration will come back’: Budget to reveal first negative migration since 1946 – Ninefax
• Greenie good guys are wrong to oppose economic growth – Ninefax, Gitto
• China’s hunger for iron ore is coming to Australia’s economic rescue but our luck can’t last – Ninefax, Hartcher
• Morrison and Frydenberg need to play Prince Charming on Budget day to wake up Australia’s ‘Sleeping Beauty’ economy – ABC
• Young Australians face ‘bleak future’ if Federal Government pursues budget repair too soon, Greens say – ABC
• Mortgage deferrals are winding up, so what happens next? – ABC
• Scott Morrison is governing in the worst of times, but he doesn’t have a nickname for nothing – ABC
• The US is grappling with tech monopolies, but Australia has problems closer to home — and coronavirus could make it worse – ABC
• Morrison government allowing rich foreigners in ahead of 28,000 stranded Australians – Guardian
• Delay in tax evasion crackdown is costing the taxpayer billions – Guardian
• Australia to discuss critical supply chains with Japan, India and US as China relationship frays – Guardian
• Australian barley hits 3-year low amid friction with Beijing – Nikkei Asian Review
• Manufacturing Announceables: malaise needs more than a bag of goodies – Michael West
• Policy in a crisis: who makes the rules? – Pearls and Irritations
• We now need a ‘JobCreator’ rather then just ‘JobSaver’ – Pearls and Irritations
• We’re facing an insolvency tsunami. With luck, these changes will avert the worst of it – The Conversation
• The scourge of powerful special interests and lobbyists. – Pearls and Irritations
• The gambling lobby and how to buy friends and influence governments – Pearls and Irritations
• Fossil Fuel Lobbyists: Modus Operandi, Impact, Solutions – Pearls and Irritations
• Are market forces failing us? The case of the National Disability Insurance Scheme – Pearls and Irritations…not just failing, but have failed over nearly 30 years…
• Frydenberg has no choice but to spend, yet tax cuts may haunt him – Ninefax
• Shrunken jobs market awaits young people taking first steps into work – Ninefax
• The federal budget is often compared to a household budget. But it’s not that simple – ABC
• Budget 2020: Frydenberg focuses on unemployment as drop in migration deepens Covid crisis – Guardian
• Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite – The Conversation

…and furthermore…

• Would a Universal Basic Income Make Us Lazy or Creative? – Bloomberg
• Pandemics and inequality – VoxEU
• The COVID-19 policy response and bank lending – VoxEU
• Covid-19 and world merchandise trade: Unexpected resilience – VoxEU
• Average inflation targeting and household expectations – VoxEU
• Evaluation of too-big-to-fail reforms: Lessons for the COVID-19 pandemic – VoxEU
• Regulatory export and spillovers: How GDPR affects global markets for data – VoxEU
• The deep Anthropocene – Aeon

Trump & COVID

• Trump is heading to Walter Reed hospital “for a few days” – Vox
• Could Trump Have Infected Biden? – The Atlantic
• The President Is Sick and So Is the Economic Recovery – Slate
• Trump’s Positive Covid-19 Test Is a Public Health ‘Nightmare’ – Rolling Stone
• Trump to spend days at military hospital after COVID-19 diagnosis – Reuters
• Joe Biden’s economic plan: Will it convince American voters? – DW
• Trump’s International Economic Legacy – Bruegel
• Why Donald Trump’s polarisation strategy may only lead to defeat – New Statesman
• Getting COVID-19 Is Probably Not a Brilliant Ploy for Sympathy That Will Boost Trump’s Reelection Chances – Slate
• Will Donald Trump’s COVID Diagnosis Change His Election Prospects? – Slate
• The worst part of Trump paying zero taxes? It’s probably entirely legal – Guardian
• How the Republican party threatens the US republic – Guardian, Stiglitz
• What happens if the president is too sick to do the job? – Vox
• The Probable Outcomes of Trump’s Diagnosis – The Atlantic
• What Did You Expect? Trump should never have been allowed anywhere near any public office. – The Atlantic
• How Sick Is the President? – Slate
• The Probable Outcomes of Trump’s Diagnosis – The Atlantic