Jonathan Turley. EeeeW!
Yanis Varoufakis. Correctly critical of the right wing elements of the program,but still hopeful re weakening the austerity vise.
Daily Mail. You cannot make this stuff up.
New York Times (UserFriendly)
RT (Chuck L)
Financial Times. Key section:
Mr Trump reactivated the US sanctions against Iran last month when he pulled Washington out of the landmark 2015 nuclear accord with Tehran. Unless Swift wins an exemption, it will be required by the US to cut off targeted Iranian banks from its network by early November or face possible countermeasures against both its board members and the financial institutions that employ them.
These could include asset freezes and US travel bans for the individuals, and restrictions on banks’ ability to do business in the US.
Imperial Collapse Watch
Big Brother is Watching You Watch
Wired (Kevin W)
Slate. By Felix Salmon!
Reuters. Wowsers. Includes “replace its board and executive team in 30 days.”
Wall Street Journal. Note Lambert included this i Water Cooler yesterday.
The Hill (UserFriendly)
Democrats in Disarray
CNBC: “Just what we need, a clueless plutocrat that doesn’t know anything about economics.”
Democracy for America. Lambert will have much more to say about the elections in Water Cooler.
Bruce Dixon, Black Agenda Report (Darius)
MarketWatch (Jim Haygood, Dr. Kevin). As Marshall Auerback said via e-mail:
So what? It’s just an accounting fiction. It’s like the idea of a “lock box”. The money allocated to the ‘hospital insurance fund’, just like the ‘Social Security Trust Fund’ is one of Uncle Sam’s cookie jars. He also has a defense cookie jar, a corporate welfare cookie jar, etc. We count taxes as Uncle Sam’s income, and he can pretend he stuffs the various cookie jars with those tax receipts — the payroll tax goes into the Social Security cookie jar, and he pretends it pays for Social Security spending. Maybe he pretends capital gains taxes go into the corporate welfare cookie jar. And so on. That is all internal accounting.
Same thing with the funding for the FDIC. You recall that there was a similar scaremongering tactic directed against the FDIC funding after the 2008 crisis. The concern was that it would ‘run out of money’ and would have to draw on a credit line directly from Tsy. The only reason why this was a problem from Bair’s perspective is that it would have effectively put the FDIC under the control of Geithner, (and, as you know, they had very different views on how to handle banks), but NOBODY seriously believed that the FDIC would run out of money, or else there would have been a ton of bank runs.
So this is the usual BS that you see from the deficit hysterians.
Police State Watch
Columbia Journalism Review (furzy)
Pensions & Investments
This time is different?
— Tracy Alloway (@tracyalloway)
Atlantic (David L)
Free exchange. UserFriendly: “Maybe The Economist is planing a hostile take over of Labor Notes… That is the only explanation I have for this.”
New York Post (Li)
Antidote du jour. Eddie M: “The wildflowers and butterflies of the Ozarks, the ones on the milk thistle are from last summer.”
And a bonus:
Old English sheepdogs.
— Nature Inside (@nature1nside)
See yesterday’s Links and Antidote du Jour here.