15 December 2015



Today’s Issue Cluster: Carbon

Bonds – Junk market tests nervous investors
SK – Chipping away at country’s pillars
Uber – Why Giant Can’t Conquer The Planet (Yet)


MAJOR DATA POINTS

Germany – Dec: ZEW investor sentiment robust; 16.1 from 10.4 / AFP

US – Nov: Core inflation creeps higher; +0.2% from +0.2% / R / WSJ / AP

US – Dec: NAHB Home-Builder Confidence Slips; 61 from 62 / WSJ


MARKETS

Bonds – Junk Selloff Intensifies WSJ *

Bonds – Junk market tests nervous investors FT * *

Bonds – It really has been a bad year for high yield ft *


ECONOMICS

SK – To Offer ‘Panda Bonds’ in China Onshore Markets WSJ

SK – Chipping away at country’s pillars N * *


POLITICS & FISCAL POLICY

NK – Pyongyang says it has developed hydrogen bomb FT / NYT


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION

SK – Leader Pushes to Make Firing Easier WSJ *


SERVICES



MANUFACTURING



TECH

Uber – Drivers win union ‘breakthrough’ FT

Uber – Why Giant Can’t Conquer The Planet (Yet) Forbes *


TRADE & TRANSPORTATION



COMMODITIES

Potash – Belarus Wildcard Shaking Up the Global Market WSJ

Sugar – India Plans to Release Millions of Tons of Onto Markets WSJ

Cotton – Piling Up at Warehouses Around the World B *


ENERGY & ENVIRONMENT

Carbon – Big polluters see no short-term change FT / WSJ / NYT / AP / B

Carbon – Obstacles emerge within hours FT * *

Carbon – James Hansen calls Paris talks ‘a fraud’ G / nyt

Carbon – Agreement Hinges on Countries Making Painful Decisions WSJ *

Carbon – UK ministers confident of meeting goals with no extra policies FT

Carbon – Fabius lauded for successful conclusion FT / AFP *

Carbon – China’s Slowdown Aided Negotiators WSJ *

Carbon – China’s Pledges Undercut by Boom in Coal Projects Abroad NYT

Carbon – New research points to falling emissions FT / NYT / AP / e * * *

Carbon – Business seeks global pricing FT *

Carbon – The IMF Is Pushing for Taxes, But at What Price? wsj * *

Carbon – India offers to cut coal use FT *

Carbon – What G20 Countries Are Pledging B *

Carbon – Widodo enters firefight to damp climate censure FT *

Carbon – Out-of-Bounds CO2 Clouds Emissions Tallying WSJ / NYT *

Carbon – Online footprint trackers flourish FT

Carbon – US Tax Debate Brings Together Unusual Allies WSJ *


HEALTH



ENDNOTE

How many calories you would burn walking between NYC subway stations motw *


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