‘Australia Felix’ Arthur Streeton, 1907, Art Gallery of South Australia
Macro & Markets
- How 2021 became the year of ESG investing – Reuters
- How Covid Arbitrage Became the Trade of the Year – Bloomberg
- Ministers under pressure to protect consumers from energy price crisis – Guardian
- Inflation Bites Us All Again After the Economy Roars Back – Bloomberg
- Facebook says 50,000 users were targets of ‘cyber mercenaries’ – DW
- Shipping Chaos Teaches the World It Can’t Always Get What It Wants – Bloomberg
- Global inequality ‘as marked as it was at peak of western imperialism’ – Guardian
- European supermarkets pull beef products linked to Brazil deforestation – DW
- Global air travel recovery will remain weak in near term due to omicron uncertainties, aviation analyst says – CNBC
- Congress is on the brink of an immense health policy failure – Vox
- Will The Commodity Price Rally Last Into 2022? – OilPrice
- Oil Supply Crunch Could Trigger A String Of Energy Crises – OilPrice
- Would Keynes have bought Bitcoin? – The Conversation
- Inflation: why it is the biggest test yet for central bank independence – The Conversation
- The Ghost of Christmas Inflation – Project – Syndicate
- Can the Fed engineer a soft landing? – BNE Intellinews
- Federal Reserve Makes a Welcome Pivot But Has More to Do – Bloomberg
- Income, spending, layoffs, and new home sales all point to a continuing expansion in 2022 – Bonddad
- Understanding inflation risks in the US and the euro area – VoxEU
- Higher interest rates are coming. Omicron is unlikely to change that – CBC
- West condemns ‘deployment’ of Russian mercenaries in Mali – DW
- What happens when US rejects Putin’s ultimatum? – Asia Times
- Three reasons for market optimism in 2022 despite economic risks – SCMP
- Markets ignore risks of conflict over Ukraine and Taiwan at their peril – SCMP
- From China to Germany, why industrial policy is on the agenda – SCMP…except in Australia…
- Why central banks must do more to tighten their belts – SCMP
- Nord Stream 2: how Putin’s pipeline paralysed the west – Guardian
Americas
- U.S. core capital goods orders unexpectedly fall in November – Reuters
- Omicron begins to leave mark on U.S. economy, but unlikely to derail it – Reuters
- America got more expensive in 2021. Who is really paying the price? – a visual explainer – Guardian
- U.S. new home sales race to seven-month high in November – Reuters
- Biden signs bill banning goods from China’s Xinjiang over forced labor – Reuters
- Canada economy grows in October and November, seen outweighing Omicron woes – Reuters
- Chile’s desert dumping ground for fast fashion leftovers – Al Jazeera
- The Latin American pandemic – VoxEU
- US Federal Reserve speeds up taper and signals three rate hikes in 2022 – Guardian
- Jabs for jobs: U.S. vaccine mandates offer bargaining chip for worker rights – Reuters
- U.S. blacklists 34 Chinese entities, citing human rights abuses and ‘brain-control weaponry’ – CNBC
- The Federal Reserve still has a lot of questions to answer about its long-term strategy – CNBC
- New York will restrict gas for cooking and heating, paving the way for more cities to follow
- Congress passes import ban targeting forced labor in China – CBS
- Federal Reserve to wind down stimulus faster — and likely hike rates faster, too – CBC
- Canada’s inflation rate stays at 18-year high of 4.7% – CBC
- Average Canadian house price hit all-time high of $720,850 in November – CBC
- New Bank of Canada mandate maintains inflation target but keeps one eye on jobs picture, too – CBC
- Inflation is about to get way worse in 2022—and nearly everyone in Canada will feel the pinch – Maclean’s
- Housing markets in Canada continue to defy gravity and the pandemic – Financial Post
- Farmland draws investor interest with inflation running hot – Financial Post
- U.S. LNG Exporters Stand To Benefit From EU Energy Crisis – OilPrice
- Biden administration offers $1 bln loan guarantee for hydrogen project – Reuters
- Cuba records runaway inflation of over 70% – DW
- Omicron casts a new shadow over economy’s pandemic recovery – AP
- Supply shortages and emboldened workers: A changed economy – AP
- Inflation squeezes holiday budgets for low-income shoppers – AP
- New Home Sales: Record 110 thousand homes have not been started – Calculated Risk
- Preventing pandemics is a bargain. Joe Manchin should include it in his next spending deal. – Vox
- Latin America’s New Lost Decade – Project-Syndicate
- Canada’s economy expands at healthy pace, easing way for rate hike – Financial Post
- Inflation? There’s Another Explanation for Rising Housing Costs – Bloomberg
- Leftist millennial wins election as Chile’s next president – AP
- Canada meets 2021 immigration target with 401,000 new permanent residents – Reuters
Asia
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- Does Japan Vindicate Modern Monetary Theory? – Project – Syndicate
- China consolidates 3 rare earth miners into ‘aircraft carrier’ – Nikkei Asia
- Armenia’s new road projects: no simple endeavour – BNE Intellinews
- In Iraq, ISIS is back in business – LeMonde
- India To Consider Stopping New Coal Plants Construction – OilPrice
- Chinese scientists hail success of new hypersonic engine that military ‘did not think would work’ – SCMP
- China’s Surging Currency Is a False Signal – Bloomberg
- Academic close to Erdogan says Turkey should prepare for state of emergency due to economic crisis – BNE Intellinews
- China: Alibaba scandal sparks outcry over workplace harassment – DW
- Hong Kong’s Pro-Democracy Activists Are Running Out of Options – Bloomberg
- Chinese Spies Accused of Using Huawei in Secret Australia Telecom Hack – Bloomberg
- As China Limits Vasectomies, Many Ask What’s Next – Bloomberg
- China Wants to Rule the World by Controlling the Rules – The Atlantic
- Modernisation and China’s ‘century of humiliation’ – VoxEU
- China draws on crude oil stockpiles again amid strong refinery processing – Reuters, Russell
- Russia and China sit together to watch the decline of the West – Pearls & Irritations
- Sri Lanka plans to pay off Iran oil debt with tea – BBC
- Intel apologises to China over Xinjiang products and labour directive – Guardian
- McDonald’s Japan cuts down on fries servings owing to potato scarcity – DW
- Huawei enters China’s electric car race in competition with Tesla – CNBC
- Japan’s cabinet approves largest-ever budget for next fiscal year – Nikkei Asia
- China hoards over half the world’s grain, pushing up global prices – Nikkei Asia
- How Erdonomics Sank Turkey – Project-Syndicate
- When China’s leading paper ignores Xi, all bets are off – Nikkei Asia
- China yuan: Beijing sets out policies to stem fast appreciation to support exporters amid economic headwinds – SCMP
- China’s flagging consumer spending prompts cities to hand out tens of millions of yuan in shopping vouchers – SCMP
- China food security: pork self-sufficiency push to raise demand for global grain stocks – SCMP
- Misinformation & government inaction fuel vaccine hesitancy in the Philippines – New Mandala
- Turkey Can’t Take Much More of Its Currency Crisis – Bloomberg
- Global warming threatens China’s food security and could result in crop pests and diseases doubling, study warns
- Japan OKs record $317 B extra budget for COVID, economy – AP
- “Is China’s growth rate negative?” – Econbrowser
- Japan’s record $940 bln budget to help recovery as fiscal reform in back seat – Reuters
- The downfall of Evergrande foreshadows a difficult decade for China – and for Xi Jinping – New Statesman
Europa
- ECB dials back stimulus a notch but promises continued support – RTE
- Euro zone trade surplus smaller than expected in October – RTE
- Alcohol consumption down 6% worldwide, 6.6% in Ireland – RTE
- The Gas Weapon in a Russia-Ukraine Conflict – Bloomberg
- ECB calls time on emergency pandemic bond buying – DW
- Turkey cuts interest rates despite spiralling inflation – BBC
- Russian policymakers face economic perfect storm – BNE Intellinews
- Erdogan follows latest ‘unbelievable’ rate cut with 50% boost to Turkey’s minimum wage – BNE Intellinews…to go with a rate cut, with spiking inflation….
- The U.K. Should Secure a Risky Back Door Against Money Launderers – Bloomberg
- Germany’s Reaction To The Energy Crisis Could Be Catastrophic – OilPrice
- Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records – OilPrice
- Russia: Putin addresses Ukraine, NATO tensions – DW
- Germany and France urge pro-Russian forces and Ukraine to stick to ceasefire – DW
- Nord Stream 2: Who wins, who loses? – DW…the ghost of Gerhard Schroeder…
- France’s lucrative arms deals – LeMonde
- German import prices see highest jump in almost 50 years – DW
- DEATH OF THE SOVIET UNION: Strong institutions are better than a strongman leader – BNE Intellinews…all too right, but for much of the world a strongman is better than corrupted or neutered institutions…
- HarperCollins settles with Abramovich Putin’s People book case, agrees to substantial corrections and to pay a donation to charity – BNE Intellinews
- Italy steps up talks with Intel over new chip plant – RTE
- Germany’s Bundesbank lowers 2022 economic growth forecast – DW
- German energy prices hard to tame – DW
- The Global Gateway: a real step towards a stronger Europe in the world? – Bruegel
- Bank of England raises interest rates to 0.25% – Guardian
- Calls for UK to improve relations with EU after food and drink exports plummet – Guardian
- Erdoğan intervenes after Turkish lira sinks to lowest level against dollar – Guardian
- UK needs mini-furlough if Omicron hits economy, says IMF – Guardian
- Bank of England raises interests, diverging from other central banks – Reuters
- How serious is Europe’s natural gas storage shortfall? – Bruegel
- Discovering the political Phillips curve: Parliamentary voice on ECB monetary policy – VoxEU
- Energy bills to soar 50% unless government intervenes, industry warns – BBC
- Rising inflation spooks Bank of England rate-setters into taking action – Guardian
- EU leaders set no date for banking union, ask for plan to get there – Reuters
- In surprise move, Bank of England becomes first major central bank to raise rates since pandemic – Financial Post
- Europe and the ECB Keep to the Glide Path of Doves – Bloomberg
- Germany approves 900 mln euros for green hydrogen project – Reuters
- Policy coordination failures in the euro area: not just an outcome, but by design – Bruegel
- Bitcoin could become ‘worthless’, Bank of England warns – Guardian
- Bank of England raises rates as inflation pressures mount – RTE
- Norway hikes interest rates, with more expected – RTE
- German health minister steps up COVID-19 crisis management – DW
- EU leaders struggle to find unity on COVID travel measures – DW
- Belarus is now just a pawn in the Kremlin’s bigger game – BNE Intellinews
- Chip design matters for EU, but packaging is even more crucial – DW
- Putin accuses west of ‘coming with its missiles to our doorstep’ – Guardian
- Brexit: One year on, the economic impact is starting to show – BBC
- EU borrowing—time to think of the generation after next – SocialEurope
- As prices soar in Turkey, poverty and discontent deepen – DW
Terra Specufestor
- PM&C is damaging the integrity and reputation of the public service – Pearls & Irritations
- ‘Freedom from government’ has become a gamble with our lives – Pearls & Irritations
- Australia’s incoherent visa system needs urgent repair – Pearls & Irritations
- How the Reserve Bank rescued Australia from Scott and Josh – Michael West
- Want to tax the rich less? Easy, just pretend everyone earns more than they really do – Guardian Jericho
- Prime minister’s department ‘can’t find’ sports rorts document requested by Rex Patrick under FOI – Guardian
- Coalition splashes $2.3bn on marginal seat projects including Queensland inland rail – Guardian
- Data shows majority of choice super funds in Australia perform poorly – Guardian
- Australian farmland prices surge at four times rate of capital cities amid fears of affordability crisis – Guardian
- The search is on for $50m in lost cryptocurrency after two Australian exchanges collapse – Guardian
- One-third of big businesses in Australia still don’t pay any tax five years into ATO crackdown – Guardian
- Brexit: UK signs free trade deal with Australia – BBC
- Twilight of the coal boom as banks run out of excuses to fund coking coal – Michael West
- Smugglers’ nest: the Godot-awful wait for Australia to close money-laundering loopholes – Michael West….beautifully put once again. Australia’s money laundering performance over 15 years is a national disgrace…..
- Australia to shorten booster intervals to 3 months as omicron pushes cases to records – CNBC
- Bass Strait gas to fuel British billionaire’s steel mills – Ninefax
- Huge floating wind farms are being planned off the coast of Australia – CNBC
- Solomon Islands accepts Chinese offer for riot police help – ABC
- Crucial industries face ‘massive disruption’ under NSW COVID-19 close contact rules, expert warns – ABC
- Online Christmas shopping soars as Australia Post scrambles to deliver presents on time – ABC
- Global shortage of key ingredient in winemaking is causing headaches for producers in Australia – ABC
- The price of Australian carbon credits is soaring — but that’s not necessarily a good thing – ABC
- Vital Signs. No return to austerity as Team Frydenberg prevails over the budget hawks – The Conversation
- $16 billion of the MYEFO budget update is ‘decisions taken but not yet announced’. Why budget for the unannounced? – The Conversation
- Frydenberg’s MYEFO Budget update shows big election war chest – The Conversation
- Australian federal election: the seats that may decide the poll – Guardian…worth keeping in mind as the Government unveils spending plans…
- Who didn’t replace the toner? How our ex-prime ministers spent a million bucks – Michael West
- Australia’s net-zero goal spotlights green energy land conflicts – Nikkei Asia
- The Australia that wants to stay coupled with China – Asia Times
- Why banks are hiking fixed mortgage rates – New Daily
- No, there is no wages growth over the next four years – New Daily
- Shortage of key ingredient puts Australia’s 2022 wine vintage at risk – Guardian
- Fight for secret documents behind ‘robo-debt’ decision – Ninefax
- More Australian professionals quitting jobs for higher pay, RBA finds – Guardian
- More than 100 flights cut from Sydney and Melbourne as staff are sidelined over Covid – Guardian
…and furthemore…
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- The human side of productivity: Uncovering the role of skills and diversity for firm productivity – VoxEU
- Inflation narratives – VoxEU
- What Covid-19 teaches us about fiscal multipliers – VoxEU
- Education quality, green technology, and the economic impact of carbon pricing – VoxEU
- Pandemic inflation and nonlinear, global Phillips curves – VoxEU
- Higher profit taxes reduce firms’ R&D activities – VoxEU
- Public opinion and immigration policy: The 1965 US Immigration Act – VoxEU
- Alone and lonely: The economic cost of solitude – VoxEU
- Will the media wake up to the danger to American democracy? – Pearls & Irritations
- Increasing wealth inequality: how should the government respond? – Pearls & Irritations
- Economic planners do not reckon with climate crisis bearing down on us – Pearls & Irritations
- Fossil fuels: the campaign to force PR agencies to clean up their act – Pearls & Irritations
- The laws of attraction: Economic drivers of inter-regional migration, the role of housing, and public policies – VoxEU
- Towards a high-wage, high-productivity economy – VoxEU
- Inflation and ‘fiscal dominance’: Evidence from sub-Saharan Africa – VoxEU
- Benefits of macroprudential policy in low interest rate environments – VoxEU
- Amazon Needs to Crack Down on Bait-and-Switch Listings – Slate
- The Biggest Lies About Renewable Energy – Slate
- How to Save People From Drowning in a Sea of Misinformation – Slate
- I’m Starting to Give Up on Post-pandemic Life – Atlantic
- Diplomacy Alone Can’t Save Democracy – Atlantic
- Which platforms will be caught by the Digital Markets Act? The ‘gatekeeper’ dilemma – Bruegel
- Inflation ideology: camp permanent or camp temporary? – Bruegel
- Market power and artificial intelligence work on online labour markets – Bruegel
- The world as we know it is ending. Why are we still at work? – Vox
- Is a new kind of religion forming on the internet? – Vox
- The Case for Industrial Food – The Atlantic
- Coffee production hurts the planet. Scientists think they may have another way – CNBC
- Oil companies blame clean energy transition for market volatility – Guardian
- Hiring Algorithms Can’t Be Fixed by Employers Alone – Bloomberg
- Who Does Inflation Harm More, the Poor or the Rich? – Bloomberg
- Libya’s Election Chaos Threatens Oil Production And Exports – OilPrice
- A Graphite Shortage Could Derail The EV Boom – OilPrice
- Psst: You want to know what’s really driving inflation? (Not what the Fed thinks it is.) – Robert Reich
- Diversity in the workplace must be matched with an atmosphere of genuine inclusion – The Conversation…is diversity about getting rid of old white males? Does it get rid of psychopaths?….
- Extraordinarily, the effects of the Spanish Inquisition linger to this day – The Conversation
- What capitalism can learn from the religions of the world – The Conversation
- Why Nissan is probably the most serious threat to Tesla out of the traditional automakers – The Conversation
- Wind power expansion: millions of new jobs – DW
- If only Assange had been Navalny – LeMonde …exactly…
- Taxing Economic Credibility – Project-Syndicate
- Water As an Asset Class Is Here – Project-Syndicate
- GDP’s Days Are Numbered – Project-Syndicate…GDP without per capita is a fraud…
- If a Humanity-Ending Asteroid Heads Our Way, Will Anyone Believe Scientists? – Slate
- CLIMATE CHANGE IS GOING TO BE GROSS – The Atlantic
- Why Authoritarian Regimes Bother With Elections – The Atlantic
…and Covid….
- Omicron Study in U.K. Bolsters Evidence of Lower Hospital Risks – Bloomberg
- Interval between booster shots cut to four months – Ninefax
- What makes the omicron variant so strange and surprising – Vox
- mRNA vaccines: a lucky shot? – Bruegel
- COVID: Omicron is unstoppable now – DW
- Omicron collides with a struggling global vaccination campaign – Vox
- Three new studies suggest omicron has lower hospitalization risk and is milder than other variants – CNBC
- COVID booster shot intervals to be slashed in response to Omicron variant – ABC
- UK: Omicron variant has 50%-70% less hospitalization rate – DW
- The economic effects of COVID-19 vaccines – VoxEU
- The good and bad news about the omicron variant – Vox
- Omicron Presents a Major Challenge for China – Bloomberg
- Why Omicron may be the final variant of concern – Asia Times
- Omicron Is Our Past Pandemic Mistakes on Fast-Forward – The Atlantic