NYTimes: A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’
A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’ Fascinating case study on the challenges of Buy American policies. https://nyti.ms/2HBT2QK
Debt machine: are risks piling up in leveraged loans?
Debt machine: are risks piling up in leveraged loans? – https://www.ft.com/content/64c9665e-1814-11e9-9e64-d150b3105d21 via @FT
Bill Gates: The Best Investment I’ve Ever Made – The Wall Street Journal.
Bill Gates: The Best Investment I’ve Ever Made https://www.wsj.com/articles/bill-gates-the-best-investment-ive-ever-made-11547683309
NYTimes: Investors Are in Retreat, and the Poorest Countries Are Paying for It
Investors Are in Retreat, and the Poorest Countries Are Paying for It Chickens are coming home to roost from reckless zero rate policy https://nyti.ms/2GyFcOA
There Have Never Been So Many Bonds That Are Almost Junk – The Wall Street journal
There Have Never Been So Many Bonds That Are Almost Junk What is left unsaid in this article is that we still view risk through the prism of the rating agencies. Suppose a large % of the bonds clustering at near junk levels are really not investment grade? Is there rating agency inertia to downgrade …
Enough of robbing pensioners: time to change the system
Brexit, austerity, David Cameron | The Independent
Bitcoin Could Break the Internet, Central Banks’ Overseer Says
Bitcoin Could Break the Internet, Central Banks’ Overseer Says https://www.bloomberg.com/news/articles/2018-06-17/bitcoin-could-break-the-internet-central-banks-overseer-says
‘Infant nutrition v debt relief’
The Economist | Infant nutrition v debt relief Are we trying to measure the unmeasurable? https://www.economist.com/news/asia/21744101-policy-proposals-are-selected-based-cost-benefit-analyses-not-whims-politicians-indian?frsc=dg%7Ce
Bold increases in the minimum wage should be evaluated for the benefits of raising low-wage workers’ total earnings: Critics who cite claims of job loss are using a distorted frame | Economic Policy Institute
https://www.epi.org/publication/bold-increases-in-the-minimum-wage-should-be-evaluated-for-the-benefits-of-raising-low-wage-workers-total-earnings-critics-who-cite-claims-of-job-loss-are-using-a-distorted-frame/