Links 23 September, 2021

Macro & Markets

• Central bankers should work to serve the people, not the markets – SCMP
• Pandemic has changed travel forever, says AirBnB boss – BBC
• Inflation to remain higher for two years, warns OECD – BBC
• The global supply chain crisis could fuel a severe dose of stagflation – Guardian, Roubini
• Global Traders Given Evergrande Reprieve as PBOC Adds Liquidity – Bloomberg
• Aluminum prices hit 13-year high amid power shortage in China – Nikkei Asia

Americas

• Record backlog of cargo ships at California ports – BBC
• How the US labor movement is getting to grips with the climate crisis – Guardian
• ‘Pay me my worth’: restaurant workers demand livable wages as industry continues to falter – Guardian
• House OKs debt and funding plan, inviting clash with GOP – AP
• Wide dangers ahead for Spanish volcanic island – AP

Asia

• China’s high-tech push seeks to reassert global factory dominance – Reuters
• China pledges to stop building new coal energy plants abroad – BBC
• China’s curbs on steel production, pollution and energy consumption send iron ore prices tumbling – SCMP
• China debt concerns mounting as Beijing shifts attention to hidden local government financing – SDCMP
• Bank of Japan holds steady on policy, offers bleaker view on exports, output – CNBC

Europe

• German auto giants place their bets on hydrogen cars – Reuters
• The Monte Paschi Crisis Could Be Good for Europe – Bloomberg
• Germany’s next leader could make or break the economy – CNBC
• Europeans brace for hard winter as energy price surge hits households – DW

Terra Specufestor

• Australia says trade pact would benefit EU in Indo-Pacific amid submarine deal fallout – Reuters
• Ken Henry hits out at tax system ‘not fit for purpose’ – Ninefax
• Evergrande’s collapse could be very bad news for Australia and the world. Here’s why – ABC
• Wondering what Victoria’s construction shutdown really means? Here’s what we know – ABC
• Iron ore price plunge ‘very concerning’ but McGowan says WA is prepared – ABC
• Reserve Bank says Australia’s house prices could pose ‘risk to financial stability’ – Guardian
• Australia Borders to Be Open by Christmas, Tourism Minister Says – Bloomberg
• Boeing plans to build Loyal Wingman drones at Wellcamp near Toowoomba, creating hundreds of jobs – ABC
• Here Are the Possible Targets If China Rebukes Australia Over Subs – Bloomberg
• Timing the economy to fit a pandemic election is a tricky business – Ninefax
• Top hedge fund manager banned over ‘market manipulation’ – Ninefax
• Soaring housing debt a financial risk: Reserve Bank – Ninefax

…and furthermore….

• Men Are Losing Their Grip in the New Economy – Bloomberg
• China, US unveil separate big steps to fight climate change – AP
• A path-breaking deal to bolster Indo-Pacific security – Japan Times
• The new population bomb – Nikkei Asia