Global Macro / Markets / Investing:
- Covid showed us what Keynes already knew – NY Times
- Global supply chain disruptions driving up cost of unusual assortment of items – News National
- How World Bank leaders put pressure on staff to alter a global index – The Economist
- Amazon and Wal-Mart want to become financiers and insurers too – Reuters
Americas:
- America is substantially reducing poverty among children – The Economist
- Yes, the U.S. Tax Code Is Progressive – Tax Foundation
- Supply chain crisis will leave permanent scar, UPS warns – UPS
- Fed officials owned securities it was buying during pandemic, raising more questions about conflicts – CNBC
- All pain and no gain: Unemployment benefit cuts will lower annual incomes by $144.3 billion and consumer spending by $79.2 billion – EPI
- California Limits Single-Family Home Zoning – WSJ
Europe:
- France calls UK a ‘junior partner’ in submarine deal as Germany warns it threatens Western unity – The Telegraph
- Australia braces for EU trade backlash as France fumes over scrapped submarine contract – ABC
- “Submarine crisis” threatens NATO’s future – LCI
- Australia ‘regrets’ France’s recall of ambassador as Aukus fallout predicted to last years – The Guardian
- 85,000 German adults with disabilities can vote for the first time – DW
- Italy will likely hold a referendum on decriminalizing cannabis next year – CNN
- France says to work with India to promote multilateral order. – Euro News
Asia:
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- PBOC Injects $13.9 Billion as Evergrande Debt Woes Roil Market – Investing
- World Bank inquiry finds IMF chief pushed staff to boost China rankings – FT
- With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line – Reuters
- Probe finds World Bank changed data to boost China ranking – Aljazeera
- Protesters in China besiege an indebted property developer – The Economist
- Evergrande Faces Bankruptcy — 1.5M Could Lose Housing Down Payments – Tokenist
- China’s Economy Weakens on Delta Outbreak and Wary Consumers – Yahoo
- Top China Forecaster Sees GDP Growth Near Zero in Third Quarter – Bloomberg
- Economic Theories Explain China’s Weak Post-Covid Consumption – Yicai Global
- China officially applies to join CPTPP trade pact – Nikkei
Trans-Tasman:
- Australia to oppose China’s bid to join trade pact until it halts strikes against exports – The Guardian
- Christian Porter resigns from ministry – The Guardian
- Australia’s solar bust: How it all went so horribly wrong – ABC
- Scott Morrison’s credibility deficit – The Saturday Paper
- PM’s trip to Indonesia cancelled amid fallout over AUKUS alliance – Sky News
- ‘Freedom day doesn’t include me’: for some, the end of lockdown will be a time of fear – The Guardian
- Battery discovery could propel EVs from Sydney to Melbourne on one charge – ABC
- Abandoned overseas: The mental health toll of Australia’s closed borders on its citizens – SBS
- Labor’s fight over Fowler is about a lot more than Kristina Keneally – The SMH
- How the nuclear Australia-UK-US submarine pact was negotiated – The Times
- ‘A declaration of war’: Farming groups call out ‘parasitic’ alternative-meat labelling – ABC
- Why it’s better to be a Kiwi term deposit saver than an Aussie one – Interest.co.nz