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HomeEconomicsLinks 8/17/2022 | naked capitalism

Links 8/17/2022 | naked capitalism


Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real fog and stage fog — in comments. None of us need more cheerleading and link-free repetition of memes; there are platforms for that. Low-value, link-free pom pom-wavers will be summarily whacked.

And for those who are new here, this is not a mere polite request. We have written site Policies and those who comment have accepted those terms. To prevent having to resort to the nuclear option of shutting comments down entirely until more sanity prevails, as we did during the 2015 Greek bailout negotiations and shortly after the 2020 election, we are going to be ruthless about moderating and blacklisting offenders.

–Yves

P.S. Also, before further stressing our already stressed moderators, read our site policies:

Please do not write us to ask why a comment has not appeared. We do not have the bandwidth to investigate and reply. Using the comments section to complain about moderation decisions/tripwires earns that commenter troll points. Please don’t do it. Those comments will also be removed if we encounter them.

* * *

Scientists Discover ‘Uncontaminated Extraterrestrial Materials’ In Ancient Asteroid Sample Vice (Furzy Mouse).

Scholars confirm what itsy bitsy babies around the world already know NPR

Human Augmentation – The Dawn of a New Paradigm GOV.UK

Climate

Shipping’s Decarbonization: A Real Prisoner’s Dilemma Hellenic Shipping News

Yangtze/climate change: droughts push China towards coal power FT

The Place With the Most Lithium Is Blowing the Electric-Car Revolution WSJ. Oh?

Can farmers fight climate change? New U.S. law gives them billions to try Science

#COVID19

Who Will Be Held Accountable for CDC Dishonesty? RealClearPolitics

COVID rebound is surprisingly common — even without Paxlovid Nature

Omicron is considered a milder coronavirus, but scientists aren’t so sure LA Times

Rate of SARS-CoV-2 Reinfection During an Omicron Wave in Iceland JAMA. The Discussion:

In this population-based cohort study, a substantial proportion of persons experienced SARS-CoV-2 reinfection during the first 74 days of the Omicron wave in Iceland, with rates as high 15.1% among those aged 18 to 29 years. Longer time from initial infection was associated with a higher probability of reinfection, although the difference was smaller than expected. Surprisingly, 2 or more doses of vaccine were associated with a slightly higher probability of reinfection compared with 1 dose or less. This finding should be interpreted with caution because of limitations of our study, which include the inability to adjust for the complex relationships among prior infection, vaccine eligibility, and underlying conditions. Importantly, by December 1, 2021, all persons aged 12 years and older were eligible for 2 or more vaccine doses free of charge, and 71.1% of the Icelandic population had been vaccinated,5 compared with only 25.5% of our cohort of previously infected persons. Our results suggest that reinfection is more common than previously thought. Now the key question is whether infection with the Omicron variant will produce better protection against Omicron reinfection, compared with other variants.

Monkeypox

Monkeypox virus shows potential to infect a diverse range of native animal species across Europe, indicating high risk of becoming endemic in the region mecRxiv. From the Abstract:

“We highlight the European red fox and brown rat, as they have established interactions with potentially contaminated urban waste and sewage, which provides a mechanism for potential spillback. We anticipate that our results will enable targeted active surveillance of potential spillback event, to minimise risk of the virus becoming endemic in these regions. Our results also indicate the potential of domesticated cats and dogs (latter now confirmed) being susceptible to monkeypox virus, and hence support many health organisations’ advice for infected humans to avoid physical interaction with pets.”

China?

Why Beijing’s war games risk pushing Asean neighbours into the arms of the US South China Morning Post (Furzy Mouse).

Which Asian Countries Support China in the Taiwan Strait Crisis – and Which Don’t? The Diplomat. Handy chart:

There’s your balance-of-power/containment policy right there, if the United States has the diplomatic and strategic skills to carry it out, a dubious proposition.

* * *

Beijing is tanking the domestic economy — and helping the world FT

Free Enterprise, Not Central Planning, Will Beat China WSJ

Interpreting or misinterpreting China’s success Global Inequality

Myanmar

U.N. special envoy to visit Myanmar amid ‘deteriorating situation‘ Reuters

Not fare: Foodpanda riders dodge soldiers to deliver food and get paid a pittance Frontier Myanmar

Moving Everest Base Camp a ridiculous plan, says record-holding climber The Third Pole

India

The Pretence of Democracy In Kashmir Madras Courier

Sri Lanka faces looming food crisis with stunted rice crop Reuterrs

Syraqistan

Taking from Afghanistan’s poor Felix Salmon, Axios

UK/EU

Germany to Keep Last Three Nuclear-Power Plants Running in Policy U-Turn WSJ

New Not-So-Cold Cold War

IAEA visit to Zaporozhye NPP via Kiev ‘very dangerous’: Moscow Al Mayadeen

Ukraine has telegraphed its big counteroffensive for months So where is it?. Politico. It is gone where the woodbine twineth. Meanwhile, attrition?

Besides, the whole mishegoss is polling badly:

Ukraine Strikes Again in Crimea, Challenging Russian Hold on Peninsula NYT. No substitute for the offensive we kept hearing about.

Enduring Ukraine resistance linked to US HIMARS, reflective belts Duffel Blog

Road to war: U.S. struggled to convince allies, and Zelensky, of risk of invasion WaPo. From WaPo’s Ukraine bureau chief.

Venezuela: Workers, Pensioners March to Defend Wages, Collective Bargaining Rights Venezuelanalysis

Biden Administration

Two of New York’s Oldest Mafia Clans Charged in Money Laundering Scheme NYT

Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud NYT

2024

Sweeps Week on FBI TV! Matt Taibbi, TK News. Excellent timeline on shifting rationales leaked by the organs of state security:

The timeline of leaked explanations of the raid is mind-boggling. Anonymous officials started by telling us the case was linked to Trump having “delayed returning 15 boxes of material requested by… the National Archives,” then it was “classified documents relating to nuclear weapons,” then it was fear Trump could reveal “sources and methods,” then it was possible Espionage Act violations. By Saturday, former “national security prosecutor” Barb McQuade went on MSNBC to explain the “brilliant tactical move” of using the Espionage Act, since it doesn’t “require the documents to be classified” (we’d been told all week this was about classified material). The next day, CBS published news of a joint FBI/DHS bulletin warning of “armed rebellion,” “civil war,” and a “dirty bomb attack,” and the day after that, we were told FBI “filter agents” did, then didn’t seize, then did again seize Donald Trump’s passports, but returned them in the end.

We’ve seen this movie before.

What are the types of ‘classified’ government documents? Explaining ‘Top Secret’ and more. USA Today

The Bezzle

Alex Mashinsky took control of Celsius trading strategy months before bankruptcy FT. “At the start of the year, Celsius had the outward confidence of a business that had just completed a $600mn equity fundraising round led by two big investors, and US investment group WestCap.” Oh.

Losses from crypto hacks surged 60% to $1.9 billion from January to July, Chainalysis says Reuters (Furzy Mouse).

Bitcoin’s longest-serving Lead Maintainer calls it quits, names no successor Protos

Healthcare

Parents and clinicians say private equity’s profit fixation is short-changing kids with autism STAT

Buy a rural hospital for $100? Investors pick up struggling institutions for pennies NPR

Abortion

Louisiana Woman Is Forced Carry Headless Fetus to Term or Travel to Florida for Legal Abortion Jezebel

Realignment and Legitimacy

The New Era of Political Violence Is Here The Atlantic

Imperial Collapse Watch

Doctrine for Diplomacy: To Remain Relevant, the U.S. State Department Needs a New Statecraft War on the Rocks. Or statecraft, period, instead of moralizing and then doubling down [rinse, repeat].

Class Warfare

our interest is conflict of interest bad cattitude. Light at the end of the tunnel:

“We’ve spent a lot of time thinking….” No doubt. So have we all. But who is “we” to Jha?

Sabotage: Part 3 – The Big Question Revue

Students, graduates, artists oppose the closing of the San Francisco Art Institute: Part 1— “What happens to the human spirit over time?” WSWS

In Tribute to Lance Taylor (5/25/1940 – 8/15/2022) Institute for New Economic Thinking. Taylor attended a pre-Covid NC meetup on Bailey Island. Here is one of his papers.

Antidote du jour (via):

Bonus antidote:

The entire herd crowds round….

See yesterday’s Links and Antidote du Jour here.

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