Tuesday, July 5, 2022
HomeEconomicsLinks 7/5/2022 | naked capitalism

Links 7/5/2022 | naked capitalism


Yves here. Thanks SO MUCH for your very generous and prompt responses to our GoFundMe appeal for Betty-Jo, who was my mother’s best aide and I’ve continued to employ off and on, although I can’t give her as steady work as she once had. The short version is Betty-Jo is widowed and has been on the edge financially for a long time, made worse by brain cancer 11 years ago, with successful radiation treatment leaving her with liver damage and big (and continuing) medical bills. I am sure she’ll be bowled over by the amount raised, but GoFundMe has a terrible interface and security overkill (more than any financial institution I deal with online). This is Betty-Jo’s status as of July 4 evening (I had called her the 3rd and 4th as well as e-mailing and was worried):

I’m sorry my heads killing me so I’m in the dark with no noise at all, all day n evening I’ve been in bed 2 days straight. I’m not taking that medication anymore, doctor said toss out what was left n don’t take it anymore. He now has me on pain meds to c if that will help me with my bad headaches. Sorry for not hearing the phone ring but I have the ringer off so nothing will bother me cuz I never went to sleep day before yesterday n also last night no sleep at all. I just jumped in shower n going back to lay down again

I’ll try n call u tomorrow after I think u will b awake. Thanks again. I’ll need your help with that go fund me account cuz I tried to sign in n it won’t work at all. Hopefully u will kw how to do it correctly. Ty again

IM Doc points out she should be on migraine meds, not pain meds. Any suggestions for her to mention to her doctor? Sadly doctors are often more attentive to knowledgeable patients.

* * *

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.

* * *

24 stunning astronomy photographs that will take you to infinity and beyond Mashable (David L)

Quantum Computing for Dummies Spectrum IEEE (David L)

Physicists Are Startled by This Magnetic Material That ‘Freezes’ When Heated ScienceAlert (Kevin W)

3-D Printing Grows Beyond Its Novelty Roots New York Times (David L)

Explosion of life on Earth linked to heavy metal act at planet’s centre Guardian (Kevin W)

Nietzsche: your conscience is no saint Christopher Janaway, IAI (Anthony L)

#COVID-19

Science/Medicine

Exacerbation of COVID-19 mortality by the fragmented United States healthcare system: A retrospective observational study Lancet (Kevin C)

IM Doc comments:

look at slide 21……..we’re just now figuring that out Bob? This has literally been known for months. I knew this more than a year ago. How? Well, I actually take care of patients unlike you.

Maybe you should talk to your ID doc in your department, Dr. Monica Gandhi who as little as two months ago was repeatedly asserting on Twitter that Calif was golden – the vaxxes have made it where there will be no more hospital surges. How is that working out for you? What will the excuse be this time? Just how much tighter will the pretzel have to become to fir the narrative?

They just cannot help themselves. Medical leaders always talking about red and blue states. Do they not understand the severe damage they are doing to their message and reputation?

Universal healthcare as pandemic preparedness: The lives and costs that could have been saved during the COVID-19 pandemic PNAS (Kevin C)

Get Ready for the Forever Plague The Tyee (guurst)

UK/Europe

UK health chiefs brace for ‘bumpy ride’ amid fears over Covid wave Guardian. Kevin W: “Those ‘bumps’ will be the bodies of Covid victims.”

EU’s von der Leyen can’t find texts with Pfizer chief on vaccine deal -letter Reuters (Li)

Climate/Environment

US Summer 2017-2021 Barry Ritholtz (reslic). I’m in one of the few places where the summer temp has not increased. It is still steamy!

China?

Australian foreign minister continues US-instigated anti-China campaign in Southeast Asia WSWS

India

India Will Not Lift Windfall Tax On Oil Firms Until Crude Drops By $40 OilPrice (Kevin W)

Old Blighty

The non-drama that could become a real crisis Chris Grey (guurst)

‘Not right’: UK Government dips into Welsh and Scottish budgets for £1bn Ukraine military aid Nation Cymru

Germany Posts First Monthly Trade Deficit in 30 Years New York Times

New Not-So-Cold War

Ukraine lays out $750bn ‘recovery plan’ for postwar future Guardian. Resilc: “We have jack shit for most people and small towns here in USA USA. Fuck off. I hope Putin levels the whole place.”

Liz Truss mulls seizure of Russian assets in UK to give to Ukraine Guardian (Kevin W)

* * *

Russian television celebrates full ‘liberation’ of the Lugansk oblast (LNR) Gilbert Doctorow

Ukraine war: What is Putin’s plan now Luhansk has fallen? BBC (Kevin W)

* * *

Zircon and CBO Andrei Martyanov, YouTube. On the lack of US defenses v. conventional Russian missiles.

* * *

Gas shortage emergency would push Hamburg to ration hot water, says senator Euronews

Shell may have to abandon £3bn stake in Russian gas plant Guardian. Recall just Germany stole, un “seized,” 3 Gazprom LNG tankers, so this action looks related. Note also that the “special retaliatory economic measures” allow Russia to go after customers and business partners of miscreants, so Germany behaving badly gives Russia a huge list of possible targets. Alexander Mercouris mentioned at the end of his show on Sunday that the Japanese, now the main customers for this LNG operation, are worried about being cut off since the operations are important to the Japanese economy. That’s not how I read the intent of this Russian action. Aside from the retaliation angle, the excuse may be that operations like this require ongoing investment and maintenance and Russia is not going to tolerate Shell neglecting the asset. But for all the investors, Shell, Mitsubishi, and Mitsui, are now put in the position of having to sign a deal which among other things requires them to make investments as required in a Russian company. I can see the Japanese not taking that up out of concern about pissing off the US. And that would leave the company free to cut other LNG deals once its contracts for delivery to Japan roll off. Have readers seen any informed reports or analysis? So far I have found only this, consistent with the musings above: Japan’s LNG contracts to remain intact despite Russia seizing control of Sakhalin 2 Upstream Online

* * *

India, BRICS in cold war conditions India Punchline (J-LS)

Dissecting the New Cold War’s rival blocs Asia Times (Kevin W)

Russian investigators seeking information related to OSCE’s work in Ukraine’s interests TASS

Foreign Minister Sergey Lavrov’s remarks and answers to questions at a meeting with students in the Republic of Belarus, Minsk, July 1, 2022 Ministry of Foreign Affairs of the Russian Federation (guurst). Includes backstory on Maidan, for those who may not know the fine points.

Syraqistan

Shireen Abu Aqla: US releases result of test on bullet that killed reporter BBC. Resilc: “Now this IS bullshit.”

On Iran, the Biden Presidency Has Been Trump’s Second Term Jacobin

Iran Slashes Cost of Its Oil to Compete With Russia in China Bloomberg

Big Brother is Watching You Watch

AMERICAN DRAGNET: DATA-DRIVEN DEPORTATION IN THE 21ST CENTURY Center on Privacy & Technology, Georgetown Law (guurst). From end of May, still important. For instance:

By reaching into the digital records of state and local governments and buying databases with billions of data points from private companies, ICE has created a surveillance infrastructure that enables it to pull detailed dossiers on nearly anyone, seemingly at any time. In its efforts to arrest and deport, ICE has – without any judicial, legislative or public oversight – reached into datasets containing personal information about the vast majority of people living in the U.S.

Imperial Collapse Watch

AT THE END OF ITS TETHER: U.S. GRAND STRATEGY OF ADVANCING DEMOCRACY David Hendrickson, Defense Priorities

Mitt Romney: America Is In Denial Atlantic. Resilc: “Mitt did so much to help. Remember him ‘interviewing‘ for SecState with Trump?”

Why are nuclear power construction costs so high? Part III – the nuclear navy Construction Physics (reslic). This story is the exception that helps explain the rule of imperial collapse. The Navy made sure to keep the production base for nuclear subs in good shape.

The Pentagon is finally acknowledging the damage nuclear testing did to the Armed Forces Task & Purpose (Kevin W)

Army Service in the All-Volunteer Era Oxford (resilc)

1/6

Jan. 6 committee could make multiple criminal referrals of Donald Trump to Justice Dept., Rep. Liz Cheney says Washington Post (furzy). I’m tired of all these threats about criminal action v. Trump, which have been dangled as imminent since Russigate. Deliver rather than more crying wolf.

Biden

The tweet below is not just a cheap shot. Gas prices are high even relative to oil prices because refiner margins are way up (because reasons like underinvestment due to climate change seen as meaning fossil fuels’ days are numbered). And refiners own .

Supremes

The Supreme Court’s Conservatives Have Asserted Their Power New Yorker (furzy)

How the Founders Intended to Check the Supreme Court’s Power Politico (furzy)

Abortion

Abortion Bans Will Affect Americans Rich and Poor New York Times (furzy)

Democrats en déshabillé

Now more than ever, Democrats need Hillary Clinton The Hill. Resilc: “I totally agree, this could end the DNC forever.”

Fox and friends confront billion-dollar US lawsuits over election fraud claims Guardian (furzy)

North Carolina Is a Warning Atlantic (resilc)

Gunz

The American Public Has Around 20 Million AR-15 Style Rifles Business Insider (resilc)

Reminiscent of Kurt Weill, but more schmaltz and less bite, save the context:

Supply Chain/Inflation

Industrial producer prices up by 0.7% in the euro areaand by 0.8% in the EU: Up by 36.3% in the euro area and by 36.4% in the EU compared with May 2021 Eurostat

Total recoverable oil worldwide is now 9% lower than last year, threatening global energy security Rystad Energy. From last week, still germane.

Inflation soars to nearly 80% in Turkey as food prices double CNN

Banana Ships And The Hidden Fees Of Ship Cargo qCaptain. Even bananas having supply chain problems. (guurst)

The Bezzle

Crypto collapse reverberates widely among black American investors Financial Times

76 Fake Charities Shared a Mailbox. The I.R.S. Approved Them All. New York Times (resilc)

Class Warfare

Is taxation theft? aeon (Anthony L)

Antidote du jour (furzy):

And a bonus (Chuck L). Note this whale already has his own Wikipedia entry.

A second bonus (furzy):

See yesterday’s Links and Antidote du Jour here.

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