A late comment from reader reslez in Lambert’s VP debate live blog that I thought should not be missed:
Two politicians, alike in infamy,
In fair Virginia where we lay our scene,
From Wall Street partisan to Trumpeteer,
Where Syrian blood makes all hands unclean.
From forth the fatal loins of these two foes
A pair of grasping gasbags takes their place;
Whose misadventured podiums overthrow
Do with their wind inflate their pilots’ strife.
The groaning drivel of debt hysteria,
And the continuance of the voters’ rage,
Which, but their leaders’ end, nought could remove,
Is the ninety minute traffic of our stage;
The which if you with patient eyes attend,
What here shall miss, our blogger’s toil shall mend.
PopSci (Robert M)
. MIT Technology Review (David L)
Guardian (furzy). But Twitter .
The Wire (J-LS)
Institute for Defense Studies and Analyses. Stephen L: “Pro-Indian take on the so called ‘surgical strikes’ in Kashmir. My dad was a ceasefire observer for UNMOGIP (United Nations Military Observer Group India-Pakistan). He would find this article interesting.”
Reuters. Quelle surprise.
Politico. Note Politico is solidly neoliberal and hence the article ignores or finesses several issues. One is that Eurozone budget rules have squeezed all spending, including health care system spending, when the underlying demand is not elastic. Two, the Euro has dropped a lot, which means any foreign purchases, like US drugs and medical devices, will have shown big price increases. Three, the article mentions costly new drugs. In Australia, the Therapeutic Goods Administration decides what drugs doctors can prescribe and often rejects “new” drugs which are costly minor reformulations of existing drugs. However, to the extent that these new drugs are real advances and treat dangerous ailments, Europe’s bargaining position in undermined by the US’s refusal to negotiate or put other curbs on drug prices
Guardian (Richard Smith)
Telegraph (Richard Smith)”
Michael Shedlock (furzy)
YouTube (Selva). In case you hadn’t figured that out.
Guardian (Joe H)
Robert Parry, Defend Democracy
Big Brother is Watching You Watch
Imperial Collapse Watch
Clinton E-mail Hairball
CSPAN (Kevin C). And don’t forget Lambert’s live blog!
Washington Post (furzy)
Financial Times. Trump would need an appointment with his own Dr. Feelgood to pull this off…would probably take a lot of ‘ludes.
Onion (David L). One big error: the tax returns would not have provided any insight into Trump’s net worth
Guardian (Joe H)
Pam Martens and Russ Martens. But didn’t you get the memo? Losses at TBTFs don’t count.
WBUR (Dan K)
Le Monde Diplomatique (Sid S)
Reuters. EM: “Ah yes, ‘voluntary guidelines’ – because that sort of thing has such a great history of working to curb corporate abuses!”
Bloomberg (furzy). I am not opposed to vaccines, but the flu vaccine is low efficacy and unless they have an underlying physical condition that makes flu dangerous to them, this is not the most troubling indicator of the fallen economic standing of the young that I’d cite. I don’t get flu vaccines either just because I think we all need to do our part to stop overtreatment (I’ve similarly nixed EKG and some other tests).
Reuters. And Stumpf still has a job…this really is not wise.
Gretchen Morgenson, New York Times. This case was really egregious, so good to see the investors score a goal.
Martin Wolf, Financial Times. Offers some good as well as many conventional high level observations, but one is really off base: “A third lesson is that banks are still undercapitalised, relative to the scale of their balance sheets… More immediately, we lack reliable means of rectifying this.” This is nonsense. TBTF banks have nowhere to go. No country will take them. Switzerland required its two biggest banks, UBS and Credit Suisse, to meet 19% capital levels. UBS flailed around trying to relocate, which predictably failed. Both exited most of their investment banking businesses. Regulators can force banks to increase their capital. It’s just that most lack the will.
Project Syndicate. Phil U: “Pooh pooh -ing MMT using Eurozone countries. seriously?”
Wolf Richter. Schadenfreude alert!
Bloomberg (furzy). Notice how the frequency of entries in this category has gone way up recently?
| Reuters (EM)
Antidote du jour (Ben S):