Bills, bills, bills. One is born, one runs up bills, one dies. What have I got to show for it? Nothing. A butler’s uniform and a slightly effeminate hairdo. Sometimes I feel like a pelican – whichever way I turn I still have an enormous bill in front of me. – Black adder
Asia
- Awe and peace: As world witnesses massive display of military power in Beijing, Xi Jinping vows to cut 300,000 troops and peaceful intent – SCMP
- China prepares to take the wheel at the G20 – BS
- Friendship Between Putin and Xi Becomes Strained as Economies Falter – NYT
- Ghost Cities of China: A Discussion with Wade Shepard – Chengdu Living
- Indonesia’s Modernizing Military – Foreign Affairs
- Does Japan have too much debt or not enough? – Philosophical Economist
Europe
- How Europe’s migrant crisis evolved – FT
- German volunteers launch online phrasebook for refugees – The Guardian
- Hungary PM says refugees ‘German problem,’ slams EU inability to control situation – RT
- Prime Minister Cameron Says U.K. Will Resettle Thousands More Syria Refugees – Bloomie
- ECB warns on eurozone growth and low inflation – FT
- Draghi Unveils Revamped QE Program as ECB Downgrades Outlook – Bloomberg
- Fading Support for Greek Leader Puts Emergency Bailout at Risk Foreign Policy
- New Democracy closes the gap on Syriza – FT
United States
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- Middle Class Political Economist: Obamacare hasn’t killed full-time jobs, either – MCPE, Surprise !!! Sometimes the stupidity of the US is face numbing.
- This Was to Be the Year of Bigger Wage Gains. It’s Not. – NYT
- Low-Income Workers See Biggest Drop in Paychecks – NYT
- The “taxi king of NYC” is losing the battle against Uber. – Bloomie
- 5 Things to Watch in the August Jobs Report – WSJ
- US trade contraction adds to global fears – FT
- Why Does China’s Economy Need to Change? For Clues, See Smaller Cities – WSJ
Americas
Terra Terra everywhere
- Immigration Minister Peter Dutton hits back at New York Times over asylum seeker editorial – The Age
- Sydney homebuyers prepare for spring auction frenzy – ABC
- Problem with Baird’s $1.6b plan for Sydney – SMH
- Battle for the bottle – the fight to feed China’s babies – SMH
- Joe Hockey is right: Economy is neither wonderful nor woeful – Gittins! , is Gittins becoming the new Pascoe ?
- Aussies cash in on New York’s brownstones – AFR
- The nothingness of Abbott’s government – AFR
Global Macro/Markets
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- Inflation, the Fed, and the Big Picture – Project Syndicate
- Traders Ride the ETF Roller Coaster – WSJ
- VIX Spikes and Easy Money: Volatility Dependent Fed Policy – Pension Partners
- U.S. CLOs Have Material Exposure to Commodities, Moody’s Says – Bloomie
- IMF Says China Slowdown, Other Risks Threaten Global Outlook – WSJ
- Gold market timers have yet to throw in the towel – Market Watch
- Traders trade. Investors invest. Don’t get the two confused. – Bloomie View
- Risk of financial crisis higher than previously estimated – Eurekalert
…and furthermore…
- Useless Food Gadgets, Father’s Day Version – Huffington Post
- Some Genius Has Stitched Together A Seamless Video Of Tony Abbott Debating Himself In Parliament – YouTube
- Islamic State group blows up three ancient tower tombs in Palmyra – France 24
- ‘Star Wars’ Fans Flock to Midnight Store Openings for New Toys – NYT
- Star Wars’ BB-8 by Sphero Is the Droid You’re Looking For – Yahoo , and versus puppies
- Cruising the Carpool: Are Lyft Line and UberPool the New Tinder? – Re/Code
- A Q&A with director Quentin Tarantino – Vulture
- Firms ditch hierarchies to come out on top – AFR
- Fossil Fuels Losing Cost Advantage Over Solar, Wind, IEA Says – Bloomie
- The Islamic State Diary: A Chronicle of Life in Libyan Purgatory – Spiegel