Global Macro / Markets / Investing:
- Cognitive Impact of Severe COVID Is Equivalent to 20 Years of Aging, Study Finds – Science Alert
- ‘Perfect storm’ of crises is widening global inequality, says UN chief – The Guardian
- Exxon Sees Massive $5.5 Billion Refinery Windfall as Prices Jump – Bloomberg
- Bitcoin rally falters as digital assets struggle to gain footing – Aljazeera
- Meta slashes hiring plans, girds for ‘fierce’ headwinds – Reuters
Americas:
- Minnesota just legalized edibles because a Republican didn’t read the bill – Mother Jones
- Putin to exploit U.S. economic pain to bring Biden midterms misery—experts – News Week
- Argentina economy minister resigns, as inflation reaches 60%. – Reuters
- $14,150 in taxes on a $632,208 home outside Austin: Property taxes are soaring in Texas – Market Watch
- School’s out forever: Arizona moves “to kill public education” with new universal voucher law – Salon
- Fact Sheet: Biden Economic Plan Delivers Robust Progress in all 50 States – White House
- Democrats’ midterm elections outlook dims, inflation rages, spending drops – Business Insider
- A quarter of Americans open to taking up arms against government, poll says – The Guardian
- Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession – CNBC
Europe:
- Ukraine Has Exposed Russia as a Not-So-Great Power – The Atlantic
- Russia demands rubles for grain exports – Daily Sun
- Germany’s FinMin to ECB: we’re doing our bit to fight inflation – Reuters
- Germany’s move to legalise cannabis expected to create ‘domino effect’ – The Guardian
- UK to pay €10.9 billion Brexit bill to EU this year – RTE
- World’s largest vertical farm is being built in the UK and it’s the size of 96 tennis courts – Euro News
- US, French companies to supply fuel to Czech nuclear plant – ABC
Asia:
- Negative Views of China Tied to Critical Views of Its Policies on Human Rights – Pew Research
- Chinese company’s purchase of North Dakota farmland raises national security concerns in Washington – CNBC
- As tech companies pull back from Russia, China looks on with concern – NBC News
- China conducted a sophisticated disinformation campaign via Fake Twitter Acct’s & Facebook Posts – Washington Times
- Russia arrests scientist for alleged collaboration with Chinese secret services – Reuters
- How a free and open Hong Kong became a police state – Economist
Trans-Tasman:
- Australia’s 10,000 deaths and the paradox of ‘Covid normal’ – The Guardian
- South-west Sydney prepares for flooding as region receives four times usual July rainfall in one day – ABC
- ‘Heartbreaking’: millions of native animals killed under Tasmania’s property protection permits – The Guardian
- One of the world’s rarest fish spotted off the coast of Queensland – ABC
- Dear Mark Butler, here are some facts about how Scott Morrison funded faith groups – Crikey
- Australians share how they’re saving money by tweaking their lifestyles – ABC
- Motorists should prepare for fuel prices to rise in September when fuel tax cut ends, Treasurer says – ABC
- Facial recognition: We must not sleepwalk into mass surveillance – The SMH
- Private school funding exposes the nation’s lack of heart – The SMH
- Western Australia’s EPA urges 50-year extension of country’s most polluting gas project – The Guardian
- Profits up, wages down in today’s Australia – Saturday Paper
- Is the tide really going out on the ‘one-way bet’ housing market? – Interest.co.nz
- ‘The everything bubble’s popping and property has probably done comparatively well’ – Interest.co.nz
- The number of homes for sale has almost doubled in the last year, asking prices plunging – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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