Wall Street Journal (furzy)
ars technica (Chuck L)
National Geographic (J-LS)
Bulletin of the Atomic Scientists (resilc)
The Conversation (J-LS). Hate to tell you, the reason the McDonalds food does not rot is probably that it is not food. For instance, I took a workshop targeting people coaching athletes (as in featuring cutting edge but still pretty well vetted theories, since sports teams don’t mess around) and they had a professor who was also a practicing MD teach the section on nutrition. He called out, “Does anyone here have some cookies?” A woman sheepishly put up her hand. He told her to bring them up. He said, “I guarantee the number 2 or 3 ingredient is hydrogenated fat. That stuff is so far removed from food you can leave it on your counter for a year and nothing will happen to it. And the cockroaches won’t touch it either.”
New Eastern Outlook (Chuck L). Sounds like the plot of a horror movie.
Truthout (J-LS) :-(
Financial Times. Wow, this looks simultaneously silly and desperate. First, do you think any European leader gives a rat’s ass as to what the US Business Roundtable is upset about (or for that matter, the US multinationals that engage in Irish tax gaming, which are overwhelmingly Big Pharma and Silicon Valley cos, which create bupkis in the way of jobs in EU countries)? Second, the Apple ruling is clearly a special case. The competition commissioner targeted the way Ireland effectively gave Apple a sweetheart deal. This ruling isn’t a precedent for any other big co, so why the hysteria?
New York Times
Fort Russ (Chuck L). Headline screechy, and a few claims a bit broad (for instance, the US only has 1/6 of the votes on the IMF board, so its considerable influence operates more by informal than formal channels) but the discussion of lending to a country at war being against IMF rules and the row over the Russian sovereign debt has been reported at other sites. But with those caveats, an important sighting.
Patrick Cockburn, Independent (J-LS)
Big Brother is Watching You Watch
Imperial Collapse Watch
South China Morning Post. J-LS: “Yet another example where China is eating the US’s lunch with respect to on-the-ground diplomacy, and this in Myanmar, which the US administration perceives ;as one of its most significant foreign policy successes.'”
World Policy Institute. Resilc: “Hitler would have owned DC via K Street.”
Guardian. See link immediately below. The story originated with Sid Blumenthal, so technically not Clinton, but come on. The indignation is way out of proportion to facts….which is what you’d expect. And McClatchy is just about the last clean US media organization left standing.
McClatchy. Lambert: “Anything’s possible (for Roger Stone, say) but this is a prima facie case.”
New York Times
Michael Shedlock (furzy)
New York Times. Serves them right. Maybe they should have thought twice before hippie-punching Sanders voters.
New Statesman. J-LS: “Say it aint so– even the New Statesman seems to be tacking dictation from HRC’s campaign. It’s ironic that the background picture shows her wearing the infamous blue Zeiss lenses– rendered especially creepy by reflected flashes in each lens.”
American Conservative (Li). A must read.
Counterpunch. Resilc: “Gotta think long term and the Obomba Foundation.”
New Yorker (resilc)
The Conversation (J-LS)
Wall Street Journal. Solid reporting. Contrast this with the lightweight Dealbook version and its undue emphasis on the “ethics” sessions, which smack of being a liability cover for the higher-ups:
Wall Street Journal. Odd to see Schneiderman going after this particular accounting abuse. J-LS: “The Martin Act provides some necessary authority to pursue abuses, but the federal securities even moreso and are more wide-ranging. Earth to MaryJo: where are you? Why are we leaving it up to states to twist state statutes to go after what look to be basic securities law violations?”
Bloomberg. This is getting interesting. The bank can’t afford to pay anything near the DoJ’s ask without putting its capital ratios at risk. But since when are misreants allowed to plea, “I can’t afford the fine?” Recall that the US’s analogy to the Deutsche Bank garbage barge, Citigroup, was forced by Sheila Bair to downsize, as dismantle itself, to a large degree. The “we can’t afford it” excuse for Deutsche should be treated as irrelevant. If the bank is forced to shrink, as in sell assets, to settle, that would be a desirable outcome.
Financial Times. Too funny. Treating them fairly would consist of throwing the book at them. What they really mean is they want to be treated as unfairly, as in favorably, as US banks (arguably) were. The assumption is that DB’s misconduct is solely a function of the $ amounts of mortgages/activity, when DB could clearly have had a higher level of bad acts on a smaller total volume. Also note this comment, which is a crisp statement of our sentiment:
Roy Smith, a former president of Goldman Sachs International and now a professor at NYU Stern School of Business, said: “It is never a good idea to say that [you won’t pay] when you are dealing with the Justice Department.”
Washington Post. Lambert: “Yet another scummy neoliberal university administration.”
– Pacific Standard (Chuck L)
The Conversation (J-LS). I suspect this is largely if not entirely explained by social isolation. Blacks and Hispanics, generally speaking, have much stronger communities than whites.
Jacobin (J-LS). Important.
Baffler. Ready your barf bag. From J-LS, who was in Obama’s law school class: “Omigod. Heaven help us. Does His (No typo!) ego know no bounds– and how can a man who’s passed the big 50 milestone demonstrate such a total unawareness of self-limitations?” Moi: Well, one upside is that venture capital is less criminal than the Clinton Foundation racket.
Nassim Nicholas Taleb, Medium. I was worried I might be in this category, even though I do know what ergodicity means (see ECONNED for proof) but I am saved by his closing “easier marker”.
Antidote du jour (resilc). From :
While traveling through the Amazon to study reptile and amphibian diversity with the Herpetology Division at the University of Michigan, photographer Mark Cowan happened upon a strange sight: a caiman whose head was nearly covered in butterflies. The phenomenon itself isn’t particularly unusual, salt is critical to the survival of many creatures like butterflies and bees who sometimes drink tears from reptiles in regions where the mineral is scarce (we’ve seen the same thing happen with turtles). What made this sight so unusual was seeing the butterflies organize themselves into three different species groups atop the caiman’s head.