I am off today but I will have more to write on Tuesday. In the meantime, here are the links. There are a lot of them, so I will break them up by topic.
Markets
No Inflation as Yields Jump Belies Point of No Return View – Bloomberg
Technology
Google to buy Waze for $1.3 billion to bolster its maps lead, says Israeli newspaper | The Verge
Weekend EXCLUSIVE. Samsung Galaxy S4 Zoom product photo showed up! | SamMobile
Tech Companies Concede to Surveillance Program – NYTimes.com
The digital-wallet business is rough — just ask Google — Tech News and Analysis
Japan
Japan current account surplus doubles as income gains, exports rise | Reuters
Nikkei Soars 5% After Upwards Growth Revision
Japan revises up Q1 growth to annual 4.1% – FT.com
Europe
German Top Court Likely to Say ‘Yes, But’ to ECB Policy – Bloomberg
Arbeitslosigkeit sinkt auf 3 Prozent – News Wirtschaft: Konjunktur – tagesanzeiger.ch (Swiss unemployment dips to 3.0% from 3.1%)
London’s Forced Renters Fuel Apartment Investing Boom – Bloomberg
House price plunge worsens in Greece and Spain – Telegraph
ekathimerini.com | Greece’s Consumer Price Index down 0.4% in May compared to year earlier
ekathimerini.com | Value of Greek exports up 13.6% in April as imports fall by 1%
Greece’s Five-Month Budget Deficit Narrows 64%, Beats Target – Bloomberg
Homeless in Greece | Photographers Blog
Rehn Hits Back at IMF Over Greece – WSJ.com
Water level on Elbe rises to record height – FT.com
US
U.S. Suffers Biggest Pay Drop On Record, As Workers Squeezed Tighter
After Newtown shooting, mourning parents enter into the lonely quiet – The Washington Post
Consumer Credit in U.S. Climbed in April on Non-Revolving Loans – Bloomberg
Mortgage-Bond Yields Approach 14-Month High After Jobs Report – Bloomberg
China
China May factory output up 9.2 percent year-on-year, meets forecast | Reuters
China inflation, lending falls point to economy weakness | Reuters
China Export Growth Plummets Amid Fake-Shipment Crackdown – Bloomberg
Elsewhere
India Said to Ease Foreigners’ Debt Buying Rules as Rupee Slides – Businessweek
Venezuela hit by fears of hyperinflation and recession – FT.com
NSA Scandal
““There was of course no way of knowing whether you were being watched at any given moment. How often, or on what system, the Thought Police plugged in on any individual wire was guesswork. It was even conceivable that they watched everybody all the time. But at any rate they could plug in your wire whenever they wanted to.”
George Orwell in “1984””
- Snowden
NSA whistleblower Edward Snowden: ‘I do not expect to see home again’ | World news | guardian.co.uk
Everything We Know About The Guy Who Leaked Top-Secret Government Surveillance Info
- Whistleblowing
- Surveillance State
The Logic of the Surveillance State | Ian Welsh
Technology Emboldened the NSA – WSJ.com
Former CEO Says U.S. Punished Phone Firm
Booz Allen Grew Rich on Government Contracts – NYTimes.com
The outsourcing of U.S. intelligence raises risks among the benefits – The Washington Post
Edward Snowden leak exposes cracks in contractor system – POLITICO.com Print View
Edward Snowden: Why did the NSA whistleblower have access to PRISM and other sensitive systems?
Sources: NSA sucks in data from 50 companies – The Week
- Obama
In 2001, Obama Predicted “Majoritarian Check” On Mass Surveillance In PATRIOT Act
Obama on Surveillance, Then and Now – Video Feature – NYTimes.com
Obama has hurt himself and business over privacy – FT.com
Peeping President Obama – NYTimes.com
- Government response
Director of National Intelligence issues fact sheet on PRISM in response to leaks | The Verge
The PRISM spin war has begun | FP Passport
Intel Director Sets Record Straight on PRISM, Sort Of | Threat Level | Wired.com