Weekend Links: 10-11 April, 2021
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‘Stony Rises, Lake Corrangamite’ 1857, Eugene Von Guerard, Art Gallery of South Australia
Global Macro
- Prince Philip has died aged 99, Buckingham Palace announces – BBC
- A taxing question for multinationals leaves stocks unscathed – Reuters
- Global supply lines struggle to clear container backlog after Suez chaos – Reuters
- US sanctions Chinese computer makers in widening tech fight – AP
- US lawmakers prepare a sweeping effort to counter China – SCMP
- US blacklists seven Chinese supercomputer centres over weapons concerns – SCMP
- Ballooning global debts need to be restructured before it is too late – Ninefax, AEP
- Biden proposes global reforms to end ‘profit shifting’ to tax havens – Guardian
- How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy – NY Times
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Americas
- S. voting law debates stoke tussle over airline tax breaks – Reuters
- Ready to buy a home? The trick is finding or affording one – AP
- Biden open to compromise on infrastructure, but not inaction – AP
- Fed’s Powell: US nears full reopening to ‘different economy’ – AP
- Biden seeks a new view of infrastructure, far beyond asphalt – AP
- Biden’s innovative idea for tackling skyrocketing housing prices – Vox
- How Antitrust Lost Its Bite – Slate
- Job growth in the U.S. is booming — here’s which industries are leading the rebound – CBS News
- What’s behind the push for a fourth stimulus check – CBS News
- One Big Chinese Lesson for America’s Infrastructure Plan – Bloomberg
- Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan – CBC
Asia
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- Chinese navy ships chase Philippine news crew in South China Sea as US, Manila express concern – SCMP
- Beijing now has more billionaires than any city – BBC
- China’s Arrogance Is Uniting Its Rivals – Bloomberg
- Indonesia’s Jokowi Wants Growth. And Something More – Bloomberg
- Xinjiang cotton boycott leaves Western brands reeling – DW
- Turkey’s Central Asia tug-of-war with Russia intensifies – Nikkei Asia
- The productivity consequences of pollution-induced migration in China – VoxEU
- Why China is still clinging to coal – Vox
- Beijing ups the ante in the South China Sea – Asia Times
- China’s factories automate as worker shortage looms – CNBC
- The new codes governing everyday life in China – ASFP
- China’s War Against Taiwan Could Come Sooner Rather Than Later – Bloomberg, Cowan
- The OECD should set its sights on China – Pesek
- China’s Economic Self-Harm – Project-Syndicate, Pei
- China inflation: factory gate prices jump most in almost three years in March as producers pass on rising costs – SCMP
Europe
- Digital pound would boost post-Brexit City of London, think-tank says – Reuters
- Germany mulls possible order of Russian COVID-19 vaccine – AP
- Beyond the Pandemic: London’s financial hub seeks a rebirth – AP
- It’s time for a new pan-European security treaty – BNE Intellinews
- The Hunger Games – BNE Intellinews
- Sharp pick-up in UK construction amid rapid economic recovery – Guardian
- Coronavirus: Germany plans talks with Russia on buying Sputnik V COVID vaccine – DW
- Crunch point awaits Ireland in global corporate tax debate – Irish Times
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Terra Specufestor
- China-Australia relations: is Canberra taking a ‘less combative’ stance with Beijing despite tensions? – SCMP
- Chinese owner’s ‘catastrophic failure’ drives Australia’s biggest dairy farm into the ground – Ninefax, Ferguson…very good read – absolutely incredible…
- RBA warns against ‘over-exuberance’ as house prices rise – Ninefax…they could have done that more than 50% ago – they own it now…
- Triton spy drone components to be manufactured by Ararat-based AME Systems – ABC
- ASIC sues Westpac over ‘junk’ credit insurance sales tactics – ABC
- Scott Morrison finds strong women can be tough players – ABC
- Frustrated experts say Australia could already be producing mRNA Covid vaccines if it had acted earlier – Guardian
- IMF upgrades Australia’s post-Covid economic outlook – Guardian
- ‘Worse than ever’: Australian bank culture has not improved since royal commission, staff say – Guardian
- Australia hints at saving steelworks endangered by Greensill collapse – Guardian
- Why I no longer call Australia home – Nikkei Asia
- JobMaker scheme fails youth as super accounts drained and JobKeeper bypassed gig economy – Michael West, Daley…good read…
- Psst, about that lazy $178 billion the banks have parked at the Reserve Bank … – Michael West
- Australia assists Big Pharma to stall vaccine roll out. – Pearls and Irritations
- Vital signs: to fix Australia’s housing affordability crisis, negative gearing must go – The Conversation
- Hostage to fortune: why Westpac could struggle to find the right buyer for its NZ subsidiary – The Conversation
- No rent rise threat from Government housing policy, Westpac says – Stuff.co.nz
…and furthermore…
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- Fed policymakers see risk from infections, not inflation – Reuters
- Starving for more chips in a tech-hungry world – AP
- IMF policy panel endorses $650 billion increase in resources – AP
- After hitting carmakers like Tesla and Sony’s PlayStation 5, chip shortages have now spread to China’s vast home appliances industry – SCMP
- Why global tax talks are back on the agenda – BBC
- It Really Is Back to the Office This Time – Bloomberg
- Tax Cuts Versus Big Spending Is the Debate of the Decade – Bloomberg
- The Covid crisis is doing what the 2008 crash didn’t: ending the old economic orthodoxies– Guardian, Elliott…very good read…
- Seed monopolies: Who controls the world’s food supply? – DW
- IMF warns stock markets ‘meaningfully higher’ than should be – DW
- Supersonic and hypersonic commercial flights firmly in view – DW
- It’s time the world commit to a global minimum tax – DW…and minimum labour standards, and minimum employee conditions, and minimum taxation transparency, and minimum corporate transparency? …
- The game’s up on corporate tax – RTE
- Measuring human capital: Learning matters more than schooling – VoxEU
- Central bank swaps in the age of Covid-19 – VoxEU
- Expelling the experts: The cost of populism for bureaucratic expertise and government performance – VoxEU…and this would be after the ‘small government’ mantra has had its share of the heads of ‘expertise’?…
- The Fat, Wobbly, Nuisance of a Particle That Could Change How We Understand the Universe – Slate
- What if Big Data Helped Judges Decide Exactly What Words Mean? – Slate
- Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’ – CNBC
- U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says – CNBC
- Is now the time to make global corporations pay their fair share? – CBC
- Curtains Up for the One Percent – NY Times
- Bitcoin Is Displacing Gold as an Inflation Hedge – Bloomberg, Authers
- There’s a Lot of Debt Out There. So What? – Bloomberg, Winkler
- The Challenge of Big Tech Finance – Project-Syndicate, Eichengreen
- In an AI world we need to teach students how to work with robot writers – The Conversation
- Yes, we should tax capital gains on principal residences – Financial Post
- How to stop psychopaths and narcissists from winning positions of power – The Mandarin
- Why the global shipping crisis is here to stay – New Statesman
- After Pandemic, Shrinking Need for Office Space Could Crush Landlords – NY Times
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