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Investors are ill equipped for our unfathomable future Gillian Tett, FT. Political risk.
Bernie Sanders Tweet Causes Ariad Pharma Stock to Plunge 14% ETF News
Deutsche Bank Reported to Mull Partial U.S. Retreat to Cut Costs Bloomberg
Monte dei Paschi CEO to analyze alternative offer on capital boosting plan Reuters
Flush and Dominant, Australia’s Banks Come Under Pressure NYT
Banks will not adopt blockchain fast FT
The Cashless Society Is a Creepy Fantasy Bloomberg
CalSTRS Appoints Grant Boyken as Public Affairs Executive Officer MarketWired. A California political insider: “Nice reward for working with CalSTRS on PE bill.” Ka-ching.
FOIA Panel Sees Progress, Challenges for Law on 50th Anniversary Tax Analysts. “People who request federal records under the Freedom of Information Act may be surprised early next year to find the information they asked for already posted online for all to see.” A panelist says this may scare reporters. I dunno. I plant clover round my garden so the deer eat that and don’t go for the vegetables.
Clean Brexit boost as Theresa May rightly includes all cabinet Brexiteers in EU negotiation planning BrexitCentral
Theresa May’s Brexit war cabinet Politico (JI). “May’s decision to use a cabinet committee — which is at least half the size of a full cabinet — to run Brexit suggests she intends to control the process tightly.”
May assures Nissan of shield against Brexit tariffs FT
This is the right way to help carmakers after Brexit Telegraph
Britain can’t get full single market access with free movement concessions: Merkel Reuters
Life will get ‘difficult’ for Britain’s poor as prices soar post-Brexit, Bank of England warns RT (Cold Mountain).
The Middle East and the Next Administration Chas Freeman, Lobelog. Must-read.
Meet the Man Who Should Be the Next Secretary of State The Nation. Chas Freeman.
U.S.-backed, Saudi-led coalition found responsible for Yemen funeral attack that killed more than 100 WaPo (Furzy Mouse).
Saudi Arabia hires 10th lobby firm The Hill
A Westphalian Peace for the Middle East Foreign Affairs
Biden hints at US cyber revenge on Russia FT. Because John Podesta’s emails are totally worth World War III.
Russia Is Preparing for War, While The American Public Slumbers On Russia Insider
DoD plans update clarifying double standards for military justice DuffelBlog
Goldman Sachs paid speeches Wikileaks. Reading these, I’m thinking the $675,000 had nothing to do with the actual content….
Aide Planted Anti-Bank Comments in One Paid Clinton Speech to Throw Reporters Off the Scent The Intercept. Lincolin-esque!
WikiLeaks Release Reveals Hillary Clinton’s Sympathy for Wall Street WSJ
Hillary Clinton Campaign Avoided Helping Single-Payer Ballot Measure, Emails Show International Business Times
Washington Post-ABC News poll: Clinton holds four-point lead in aftermath of Trump tape WaPo. Reversion to the mean.
Democrats Maintain Edge as Party ‘More Concerned’ for Latinos, but Views Similar to 2012 Pew Research. “[Hispanics’] attitudes about the Republican and Democratic parties – and levels of political engagement – are not much different than they were four years ago.”
Why do women’s groups treat Bill Clinton and Donald Trump differently? McClatchy
Hillary Clinton keeps fishing for big money while lagging behind with smaller donors Los Angeles Times
Clinton Team Ran Highly Scripted Campaign, WikiLeaks Emails Indicate ABC. Film at 11! “Based on these emails it is not uncommon for six or seven of Clinton’s senior staff, including Podesta, Mook and three or four members of her communications team to weigh in on, edit and re-edit a single proposed tweet, let alone scrutinize proposed, formal campaign statements.” Good insight into how Clinton will govern.
The friends and foes of Donald Trump and Hillary Clinton FT
The Ruling Class’s Hatred of Trump is Different Than Yours Counterpunch
Donald Trump campaign denounces, severs ties with Ohio Republican Party Chairman Matt Borges Cleveland Plain-Dealer. Doing them a favor, probably. Neither
StricklandPortman nor Kasich need Trump. There’s no upside for them at all.
Inside a week of Trump rallies: Talk of a rigged election, biased media and barbecue fries Los Angeles Times
Trump Will Lose the Election. But He May Still Win the War. In These Times. “He’s gearing up for a long war. Clinton would do well to do the same.” Depends on how you define the war, and whether you assume good faith.
Write-ins could propel Bernie Sanders in Vermont, even though he doesn’t want to win McClatchy
Breaking: ND Prosecutor Seeks “Riot” Charges Against Amy Goodman For Reporting On Pipeline Protest Democracy Now (GF).
How to achieve the bathroom of your dreams WaPo. “Personalize the space by shopping for vintage pieces, adding art, buying beautiful towels, selecting the right color paint, finding a great rug, placing an orchid in a decorative container, displaying special items on a tray, and adding a beautiful mirror and fabulous sconces.” And don’t forget a powerful fan!
A Little Pre-Election BS From the White House on Income Inequality CEPR
Why the Economy Doesn’t Roar Anymore WSJ. Embrace the suck.
Capitalism & loneliness Stumbling & Mumbling
Why Capitalism Creates Pointless Jobs David Graeber, Evonomics
Tracking the gig economy: New numbers Brookings
How Did Walmart Get Cleaner Stores and Higher Sales? It Paid Its People More NYT. Who knew?
Voters’ Education Level a Driving Force This Election WSJ. Education being one proxy for class (though imperfect, as with adjuncts, burger flippers with liberal arts degrees, etc.).
Securing Property Rights Edward L. Glaeser, Giacomo A.M. Ponzetto, Andrei Shleifer, NBER
The Fantastic Ursula K. Le Guin The New Yorker
Antidote du jour: