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HomeEconomicsLinks 9/1/2022 | naked capitalism

Links 9/1/2022 | 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.

* * *

How a Self-Trained Italian Blacksmith Built Himself an Amusement Park Atlas Obscura

Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers NBC (Re I). Re Silc writes: “Thus you know the end is near….”

Climate

Why clean air might be for the 21st century what clean drinking water was for the 19th TVO Today

2021 saw record-high greenhouse gases, sea levels and ocean heat, new report shows ABC

What’s going on with the Greenland ice sheet? It’s losing ice faster than forecast and now irreversibly committed to at least 10 inches of sea level rise The Conversation

Where We’ll End Up Living as the Planet Burns Time (Re Silc). “Our best hope lies in cooperating as never before: decoupling the political map from geography.” True. Real estate speculators may move faster, however.

* * *

How does low-impact development help manage stormwater? Soils Matter, Get the Scoop. Permeable pavement is good!

As Wildfires Worsen, Native Seed Companies Look Towards New Technology SeedWorld

California to try tackling drought with canal-top solar panels The Register

* * *

California asks residents not to charge electric vehicles, days after announcing gas car ban WFLA (ctlieee),

Dealership Quotes $30,000 to Replace Battery in a $10,000 Chevrolet Volt The Drive

#COVID19

FDA authorizes updated COVID boosters from Moderna and Pfizer Center for Infectious Disease Reseach and Policy. Commentary:

The Biden administration is pushing another round of Covid boosters. Who’s listening? STAT

* * *

What you need to know about the next generation of COVID vaccines Boston Globe

Exclusive: Covaxin’s Manufacturing Practices Remain ‘Unacceptable’ Says WHO The Wire. This is bad, since Covaxin is manufactured by Bharat, who also manufacture BBV154, a nasal vaccine said to have passed its phase three trial, but with its regulatory approval mysteriously prolonged.

* * *

Covid-19 Vaccines — Immunity, Variants, Boosters NEJM. From the text: “The expectation that Covid-19 vaccines would prevent acquisition of infection and block onward transmission was based on initial data in 2020 (before the emergence of viral variants) that showed high neutralizing antibody titers and robust protective efficacy at peak immunity after mRNA vaccination. However, given the substantial waning of serum neutralizing antibody titers and the emergence of variants with increased transmissibility and antibody escape, it would be reasonable now to recalibrate goals for Covid-19 vaccines.” I like “recalibrate.” As for the emergence of variants, nobody could have predicted that!

Clinical severity of Omicron SARS-CoV-2 variant relative to Delta in British Columbia, Canada: A retrospective analysis of whole genome sequenced cases Clinical Infectious Diseases (IM). n = 13,128. From the Abstract: ” In late 2021, the Omicron SARS-CoV-2 variant emerged and rapidly replaced Delta as the dominant variant globally. The increased transmissibility of the variant led to surges in case rates as well as increases in hospitalizations, however, the true severity of the variant remained unclear. We aimed to provide robust estimates of Omicron severity relative to Delta…. Our analysis supports findings from other studies demonstrating lower risk of severe outcomes in Omicron-infected individuals relative to Delta.”

China?

Taiwanese forces shot down drone over tiny island near Chinese mainland South China Morning Post

Taiwan president says she looks forward to producing ‘democracy chips’ with U.S. Reuters. So, Taiwan moving capital off-island? Why?

US has ‘no good options’ on Taiwan as China resets status quo FT

* * *

China Locks Down Megacity Chengdu as Covid Zero Intensifies Bloomberg

Human Rights Violations In Xinjiang: Much-awaited UN Report Exposes China; Key Points Here Republic World

Myanmar

Funding Myanmar’s Spring Revolution The Diplomat

At least six killed after factory owner calls in military in Hlaing Tharyar Myanmar Now

India

If India Is To Fight Corruption, the Focus Must Be on Dam Projects The Wire

Syraqistan

What do US forces want to achieve in Syria? Deutsche Welle

UK/EU

Bars, cinemas, gyms: Belgium agrees on ‘ventilation plan’ for public places Brussels Times

Germany tightens COVID rules for travel during fall, winter AP

Ex-PM Karamanlis calls for full disclosure in wiretap probe Ekathimerini

New Not-So-Cold Cold War

The Heisenberg Offensive:

No air cover, little fuel, ~ten-to-one inferiority in shellfire. So the Russians pull back the meat-grinder back a few kilometers, and let the Ukrainians throw themselves into it there?

Ukraine – A Frontline Report – Vanishing Foreign Weapons Moon of Alabama

* * *

German companies halt production to cope with rising energy prices FT. Commentary:

Escalating Blowback From Russian Sanctions Larry Johnson, A Son of the New American Revolution

* * *

EU Toughens Travel Rules For Russia; Agree To Suspend Visa Travel Deal Amid Ukraine War Republic World

Russian oil chief Maganov dies in ‘fall from hospital window’ BBC (Re Silc).

Remembering Gorbachev Glibert Doctorow (ctlieee). “The [Soviet] economy was hopelessly mismanaged and the entire legacy of Soviet legislation rendered it virtually impossible to escape from violence or the threat of violence to make things work.” Totally unlike the Unied States….

Biden Administration

The Real Student Debt Debate In The Long Run

Biden’s Student Loan Scam Black Agenda Report

Exclusive: Biden administration moves to streamline Medicaid, CHIP enrollment USA Today. New rule. But see at subhead: “Pandemic’s formal end complicates coverage” (nice spin with “formal,” BTW). “[B]etween 5 million and 14 million, according to a Kaiser Family Foundation estimate, could lose Medicaid as states start to unwind coverage when the Biden administration declares the COVID-19 public health emergency to be over… it’s unlikely the proposed rule would go into effect before the unwinding process begins, [Allison Orris, a senior fellow at the Center on Budget and Policy Priorities] said.”

2024

Why Yesterday’s DOJ Filing Suggests a Trump Indictment Is Coming Andrew McCarthy, National Review

DOJ details path of obstruction culminating in search of Trump’s Mar-a-Lago The Hill

Dissecting 7 key pieces of the Mar-a-Lago photo CNN. Digital evidence….

Obama Legacy

Democrats can’t win until they recognize how bad Obama’s financial policies were (no paywall) Matt Stoller, WaPo. From 2017, and more true than ever. A must-read.

Groves of Academe

New Acquisitions: On the Wisdom of Noah Smith A Collection of Unmitigated Pedantry (LL).

The Screening Room

What Are You Doing on Saturday Night? Staying Home to Watch ‘Svengoolie’ WSJ. The deck: “Cord-cutters get antennas to watch campy horror-movie anthology show on MeTV, led by a comedian in a top hat offering corny jokes from an upright coffin.” Yves writes: “Svengoolie dude Rich Koz is a commercial genius. Who has a cable franchise that is not just still operating after 40 years old but actually growing, and costs nothing to produce?” Koz often runs old B-movies with dinosaurs and monsters, many of them created by special effects wizard Ray Harryhausen, the subject of my brother Roy Webber’s book, The Dinosaur Films of Ray Harryhausen. (Roy was the first in our family to have a book published.) Whenever Koz runs a Harryhausen movie, he gives Roy a shout-out, and sometimes an interview!

Zeitgeist Watch

“Incredible”:

So I’m in a meeting with my wife, and Jeffrey Epstein texts me….

Guillotine Watch

Lakewood cut down Town Square trees to deter homeless Asbury Park Press

Class Warfare

For job searchers, $20 per hour is the new $15 Axios

Medieval friars were riddled with parasites Science

Genomes from a medieval mass burial show Ashkenazi-associated hereditary diseases pre-date the 12th century Current Biology. Commentary:

Commenters argue the case that medieval Norwich, England, was the epicenter for European anti-semitism.

Philip K. Dick’s fiction is our nonfiction Evgenia, Yasha Levine. Today’s second must-read.

Antidote du jour (via):

And a bonus antidote:

See yesterday’s Links and Antidote du Jour here.

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