Reuters (Furzy Mouse). Yves: “This strongly suggests that the rumor that the DoJ was willing to go for $5.4 billion is false. They wouldn’t be having such intense, or more accurately, tense talks if they had a handshake on a number DB could live with.”
Dealb%k, NYT (AF). Yves: “The IMF has not gotten this cheery memo. It deems DB to be the biggest systemic banking risk.”
WSJ. I like “Retreats From,” as opposed to (say) “Whipped Out Of.” This bezzle is taking rather a long time to play out.
LRB. On Hollywood agents and CAA.
Stumbling and Mumbling
The New Statesman
International Business Times
Moon of Alabama
Counterpunch (J-LS). Must-read.
Der Spiegel. The Ossies! Of course….
Imperial Collapse Watch
NYT (Bill B).
The Verge (Re Silc).
Foreign Policy. Based on the Vice-Presidential debate. I’ve seen some criticism of moderator Quijano, but she did well on this important issue.
International Business Times
Josh Barro, Business Insider. The Gitlitz Loophole sounds like a novel by Robert Ludlum, doesn’t it? “Here’s how the loophole could have allowed Trump to create a paper tax loss that he could use to offset his real income for over a decade, avoiding hundreds of millions of dollars in taxes in the process.” Legal. But also a genuine loophole — i.e., an unintended consequence of the law as written, and interpreted by the courts — hence not conforming to the Trump campaign’s narrative that in his case the tax system was working as it should. But very much conforming to this Trump narrative: Or not! Very much worth reading in full.
WSJ. The dominant factions in both major parties agree that money is speech and that there’s no corruption unless a literal quid pro quo can be shown. So what’s the issue?
Vanity Fair. Pence counterpunched effectively faced with a weak flurry of blows from Kaine. Presidential timber?
FT. Despite the Democrat nomenklatura firing the Blame Cannons at “millenials” who “the “millenials” quoted in stories like this are almost uniformly thoughtful, and their doubts are reasoned. Somehow, I don’t think to shift the blame for his own 2000 debacle to Ralph Nader is going to make a lot of difference…
CNBC. Bankers! Especially thin-skinned, bailed-out bankers.
Of Two Minds (CL).
The Onion (DL).
Reader Supported News (RR).
The New Yorker. “We.”
The Wire (J-LS).
Treehugger (J-LS). It’s almost like the kitchens in our modern-day crap shacks aren’t optimized for food preparation…
Scientific American. “The captured carbon dioxide is pumped 82 miles to the West Ranch oil field in Jackson County, Texas, where drillers inject it into depleted wells, squeezing out the stubborn bits of crude oil that remain after the reservoir is tapped, in a process called enhanced oil recovery (EOR).”
Business Insider (DL). If we called “vertical farming” “earth-free farming,” that would give some perspective on the sustainability of it all.
The Archdruid Report
Antidote du jour ():