Saturday , October 19 2019
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Jerri-Lynn Scofield

Jerri-Lynn Scofield



Articles by Jerri-Lynn Scofield

EU Adopts Right to Repair for Household Appliances

7 days ago

This is Naked Capitalism fundraising week. 1537 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, more original reporting.
By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
The European Commission has approved limited right to repair regulations for some household appliances: dishwashers, lighting, refrigerators, televisions, and washing machines, among others.
Beginning in April 2021,

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Links 10/7/19

12 days ago

This is Naked Capitalism fundraising week. 1268 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, burnout prevention.
Remembering Jessye Norman, Voice of a World-Weary Angel American Conservative
Six elephants die trying to save each other at Thai waterfall BBC
AP hyphen outrage continues with guidance update Columbia Journalism Review
Pope Opens Debate on Celibacy Requirement for Catholic Priests WSJ
Turning Over VAN Magazine
Prejudiced and unaware of it: Evidence for the

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The Census Fails to Count 100 Million People as Living in Poverty

12 days ago

This is Naked Capitalism fundraising week. 1266 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, burnout prevention.
In this Real News Network interview, IPS Fellow Karen Dolan, who works with the Poor People’s Campaign, discusses her new study on poverty in the US.[embedded content]
MARC STEINER: Welcome to The Real News Network. I’m Marc Steiner. Great to have you all with us once again.
So how do you really measure poverty? When the war on poverty started in 1964 by President

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Links 10/6/19

13 days ago

This is Naked Capitalism fundraising week. 1193 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, burnout prevention.
‘Incredibly rare’ monkey born at Australian zoo Channel News (furzy)
Report Shows ‘Stunning and Dramatic’ Scenes of Thawing Permafrost in Siberia That ‘Leaves Millions on Unstable Ground’Common Dreams
150 Years of Mirza Ghalib: How His Genius Took the Ghazal to New Heights and Depths The Wire
Spanish police plucked from ocean by drugs smugglers they were chasing

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Greenpeace Report: How Companies Still Have it Wrong on Plastic Pollution “Solutions”

13 days ago

This is Naked Capitalism fundraising week. 1191 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, burnout prevention.
By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
Greenpeace published a report last week on corporate responses to the burgeoning plastic pollution crisis that minced no words:
In response to public motivation to resolve the global plastic pollution crisis, some of the

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Naked Capitalism: Where to Go for Independent, Hard-Hitting Content

13 days ago

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
The Grey Lady ran an article last week that was especially depressing to those of us in the writing business. Would You Write a Cookbook for Next to Nothing? documented exploitation of food writers.  Just one example: a cookbook author who was invited to write a book of food reviews of Baltimore and DC restaurants, for a publisher who provided no budget for meals.
As The Rev Kev wrote on Friday, there ain’t no such thing as a free lunch. (So, please go to the Tip Jar right now.)
Seems that some of those in the publishing business haven’t learned that basic lesson::
When pressed on what options an author has to write a book about restaurants with no

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Will the Fracking Revolution Peak Before Ever Making Money?

13 days ago

This is Naked Capitalism fundraising week. 1189 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year, and our current goal, burnout prevention.
By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog
This week, the Wall Street Journal highlighted that the U.S. oil and gas shale industry, already struggling financially, is now facing “core operational issues.” That should be a truly frightening prospect for investors in American fracking

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London Meetup (with Jerri-Lynn, Clive, Richard Smith), 3rd October: We Look Forward to Seeing You!

18 days ago

This is Naked Capitalism fundraising week. 366 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year and our current goal, funding meetups and travel.
Clive, Richard Smith, and I will be hosting a London meetup on 3rd October.
We’ve been pleased by the enthusiastic reader response to our previous announcement of this event.
Please rsvp if you haven’t already done so, so that we can reserve sufficient space.
We look forward to seeing you – and if you don’t manage to rsvp, please join us anyway. I’m sure we’ll cope.

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Reminder: Pop-up Meetup in NYC Today (with Michael Hudson and Jerri-Lynn): We Look Forward to Seeing You!

25 days ago

Jerri-Lynn here. Michael and I are pleased to see the enthusiastic response to notice of our pop-up meetup at the Grey Mare today.
If possible, please rsvp if you haven’t already done so, so that we can reserve sufficient tables.
We look forward to seeing you – and if you don’t manage to rsvp, please join us anyway. I’m sure we’ll cope. The more, the merrier!
And, lest I forget, a reminder that Yves will be in town next month and will host a meetup on 29th October. So please pencil in that date.
Details:
24th September 20195:00 PM through 8:30 PMThe Grey Mare61 Second Avenue (between 3rd and 4th Streets)New York, NY 10003212-388-0662
Website: https://www.thegraymarenyc.com
See you soon!

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India to Ban Single-Use Plastics; Global Recycling Market Still Chaotic

25 days ago

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
In June 2018, prime minister Narendra Modi announced that India will ban single-use plastics by 2022. Canada and the European Union have promised to ban some single-use plastics by 2021.
Last month, Modi promised to elaborate on the scope of India’s ban on 2nd October, the 150th anniversary Mahatma Gandhi’s birth.
Even the most casual visitor to India would be aware of its serious waste management problem, where waste disposal remains the responsibility of the informal sector. In 2012, Katharine Boo won a Pulitzer Prize for Beyond the Beautiful Forevers, an account of life in Annawadi, a settlement on the outskirts of Mumbai, some of whose

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Links 9/23/19

26 days ago

Cat coaxed from Upper West Side tree after five-day saga NY Post
Kurt Vonnegut’s ‘Billy Pilgrim’ Turns 50 American Conservative
Thomas Cook travel chaos: firm’s collapse leaves 150,000 stranded abroad – live updates Guardian
NHS hospitals get ‘vintage makeover’ to help dementia patients, including 1950s tearooms and seaside beach huts Evening Standard. The Rev Kev: “I wonder if they got the idea for this from the German comedy film “Goodbye Lenin?”
Black Agenda Report’s 13thAnniversary: An Evening of Information and Inspiration for Liberation, and a Tribute to Co-Founder Bruce Dixon Black Agenda Report
World Health Organisation Says Tanzania Is Withholding Info On Suspected Ebola Cases Gizmodo (The Rev Kev)
New York City has big plans—and $20 billion—to save itself from climate change MIT

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Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day

26 days ago

By Nick Corbishley. Originally published at Wolf Street.
The volume of over-the-counter (OTC) interest rate derivatives traded globally soared by 141% in three years to $6.5 trillion per day in April 2019, according to the Bank for International Settlements’ new Triennial Survey of Global Derivatives Markets. In the prior survey period, April 2016, $2.7 trillion per day in trades were executed. Since 2001, the magnitude of trading volume has multiplied by a factor of 13, from $490 billion per day to $6.5 trillion per day, with a gigantic spike over the past three years:
OTC derivatives are securities that are generally traded through a dealer network rather than on a centralized exchange such as the London Stock Exchange or the New York Stock Exchange.
Some derivatives can be explosive,

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Pop-up Meetup in NYC (with Michael Hudson and Jerri-Lynn) Tomorrow

26 days ago

Jerri-Lynn here. Response to our announcement of a pop-up NYC meetup on 24th September has been encouraging.
Please try and let us know if you plan to attend so that we can reserve enough tables. No need to RSVP again if you replied to our previous message.
And, a reminder that Yves will be in town next month and will host a meetup on 29th October. So please pencil in that date.
Details:
24th September 20195:00 PM through 8:30 PMThe Grey Mare61 Second Avenue (between 3rd and 4th Streets)New York, NY 10003212-388-0662
Website: https://www.thegraymarenyc.com
See you soon!

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North American Bird Populations Plunge 30% Since 1970

26 days ago

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
Science magazine Thursday released a study, Decline of the North American avifauna, documenting a nearly 30% drop in North American bird populations since 1970.
That translates to a loss of nearly three billion birds.
The study has been widely reported, and even ornithologists have been shocked by the extent of the decline. The New York Times reports in Birds Are Vanishing From North America:
“We were stunned by the result — it’s just staggering,” said Kenneth V. Rosenberg, a conservation scientist at Cornell University and the American Bird Conservancy, and the lead author of the new study.
“It’s not just these highly threatened birds that we’re

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Links 9/22/19

27 days ago

The discovery of the ancient Greek city of Tenea BBC
Stress caused sleeplessness for the Victorians too – but they thought it only afflicted ‘brain-workers The Conversation
Bald eagles have found themselves a new home: Suburbia LA Times
As global leaders meet, the Amazon rainforest burns Agency France-Presse
The end of an American tradition: The Amtrak dining car WaPo. Further crapification. I posted recently about a recent surprisingly pleasant overnight Amtrak journey – of which a meal in the dining car was an essential part.
Agency could keep Three Mile Island nuclear debris in Idaho ABC (The Rev Kev)
Man who created NYC subway map says ‘it’s a mess,’ calls for improvements NY Post
When the Ideologues Come for the Kids NY magazine (UserFriendly). Andrew Sullivan.
‘I just bear-hugged

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Documentary “Blowout” Follows Climate Cost of Oil Boom from Fracking to Exports

27 days ago

Jerri-Lynn here: Timely reminder that Trump didn’t create the climate crisis – although he’s certainly making it worse. As the RNN touts this interview, “ [t]he new film follows the U.S. oil supply chain, covering health, climate and environmental justice impacts. And it points to the president who was central to creating the current reality: Barack Obama.”
[embedded content]
DIMITRI LASCARIS: The United States fracking boom has entered a new phase as massive amounts of oil are now being exported to the global market. This is Dimitri Lascaris reporting on this subject for The Real News from Montreal, Canada.
Dozens of coal-fired power plants too have been converted into natural gas power plants and about 200 more are now under proposal across the country, according to a recent story by USA

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Purdue Files for Bankruptcy, Agrees to Settle Some Pending Opioids Litigation: Sacklers on Hook for Billions?

September 17, 2019

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
Purdue Pharma, the manufacturer of OxyContin owned by members of the Sackler family and catalyst for the opioids crisis, filed for chapter 11 bankruptcy reorganization Sunday night.
The filing was part of a settlement agreed among 24 states – including Ohio, Tennessee, and Texas, 5 US territories, and numerous municipalities.
Today, the United States Bankruptcy Court for the southern district of New York, sitting in White Plains, will conduct the first hearing on this action.
If approved by the bankruptcy court and company creditors, the settlement would provide 10 to 12 billion dollars to reimburse states and local governments to address the

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Pop-Up NYC Meetup (with Michael Hudson and Jerri-Lynn) – 24th September

September 16, 2019

Jerri-Lynn here. Michael Hudson and I had lunch last week. We thought NYC-area readers might want to join us for a pop-up meetup in Manhattan.
We propose: 24th September, The Gray Mare, an east village bar Yves tells us has been the venue for past Naked Capitalism events.
Address: 61 2nd Avenue.
I will provide more detailed directions in a subsequent post.
Time 4:30 for 5, through 8 p.m. We’ll linger longer, if there’s interest.
As Michael and I have no idea how many people might attend, we don’t want to reserve a private space – for which we’d be on the hook for a minimum spend, guaranteed by a credit card.
But since this is a Tuesday event, we can easily reserve several tables, and that should provide us with a space where we can mingle. Connor, manager at the Gray Mare, says he’ll set

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California Privacy Law Looms

September 10, 2019

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
As the Trump administration seeks to upend the influence California has in setting national fuel emissions policy for the auto industry, the new California Consumer Privacy Act (CCPA is scheduled to come into effect on 1st January.
Businesses are racing to comply (see Trump Seeks to Revoke California Emissions Waiver; see also Trump challenges California’s power to regulate vehicle emissions, for Trump efforts subsequent to my post, which I may write up at some future date).
The state passed the CCPA in July 2018, the first legislation of its kind in the US. In the absence of any federal initiative, this  bellwether may become the de facto model or

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Democratic Presidential Candidates Face 7 Hours of Tough Questions on Climate Change, From Fracking to Fossil Fuels

September 9, 2019

By Sharon Kelly, an attorney and freelance writer based in Philadelphia. She has reported for The New York Times, The Guardian, The Nation, National Wildlife, Earth Island Journal, and a variety of other publications. Originally published at DeSmogBlog.
CNN’s Wolf Blitzer kicked off a seven-hour long town hall on climate change with an unambiguous message of urgency on climate change.
This unprecedented town hall is dedicated to the climate crisis,” he said, “an issue many voters say needs aggressive action and some scientists say that action needs to happen now.”
Many of the candidates offered multi-trillion dollar plans to address the crisis — as economists warn that the price of failing to act could be $69 trillion worldwide by the end of the century and U.S.firms forecast roughly $1

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Links 9/9/19

September 9, 2019

6 curiosities about the rare Friday the 13th harvest moon TreeHugger
Space Command projects what it would need in a real world Star Trek C4ISANET (The Rev Kev)
Community-led Conservation in West Kalimantan Asia Sentinel
The holiday islands where locals have nowhere to live BBC
The Great Barrier Reef outlook is ‘very poor’. We have one last chance to save it The Conversation
Why Polish people hate rules BBC
Sports Desk
NADAL WINS FIVE-SETTER OVER MEDVEDEV FOR 19TH MAJOR TITLE AT US OPEN Tennis.com The last hour of this was riveting.
Australia retain the Ashes after England fail to save fourth Test at Old Trafford GuardianBrexit may be one thing, but to have Australia retain the Ashes, that’s serious.
Brexit
UK Cabinet on resignation watch as Prime Minister Boris Johnson set to take war with

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Take the (Night) Train Redux

September 8, 2019

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
Earlier this year, I posted about the growing movement by European environmentalists to eschew airplanes and take the train (see Take the (Night) Train).
When I found myself in High Point, North Carolina recently and needed to get back to New York City, I decided to check out Amtrak’s services.
I found two trains ply that route daily: one direct and overnight, one via Raliegh-Durham, The cost, $150, for a same-day purchase was reasonable, and competitive with the one-way last- minute airfare of $149.
So I booked a ticket, and set my alarm to wake up in time to catch the 3:16 Crescent service: “Convenient Daily Trips from the Big Apple to the Big

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Links 9/8/19

September 8, 2019

NOAA spots massive hurricane over Tehran Duffelblog
Idleness The Point
The World War I Battle That Changed the World Forever American Conservative
Google is banning ads for quack cures after years of profiting from them MIT Technology Review
New Mexico Abolishes Spousal Privilege And I Have No Idea Who To Talk To About That Above the Law
Venice: Todd Phillips’ ‘Joker’ Wins Golden Lion, Roman Polanski Wins Silver Lion Hollywood Reporter
Our Famously Free Press
Democracy Dies From Bad Fact-Checking The Nation
From mind control to murder? How a deadly fall revealed the CIA’s darkest secrets Guardian
Gunz
The Rights of Guns New York Review of Books Garry Wills
Here are the gun policies for America’s largest retailers The Hill
Boeing 737 MAX
Former Boeing official subpoenaed in 737 MAX probe

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US and Iran “At Cliff’s Edge”

September 8, 2019

Jerri-Lynn here. Iran’s president Hassan Rouhani presented the EU with an ultimatum of two months to save the Iran nuclear deal. In this Real News Network interview,the Independent’s Patrick Cockburn  says  the deal is likely to continue to deteriorate.
[embedded content]
GREG WILPERT: Welcome to The Real News Network. I’m Greg Wilpert in Baltimore.
Iran’s President, Hassan Rouhani, stated on Wednesday that the 2015 Joint Comprehensive Plan of Action, or JCPOA, also more commonly known as the Iran Nuclear Agreement, can still be temporarily saved if the United States allows Iran to take advantage of a $15 billion credit line from the European Union, as was proposed by France’s President, Emmanuel Macron. In the meantime, Rouhani also said that Iran will engage in a third violation of the

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North Carolina Did What SCOTUS Wouldn’t – Ended GOP Gerrymandering

September 7, 2019

Jerri-Lynn here. This Real News Network interview with Dan Vicuna, the National Redistricting Manager at Common Cause, where he manages the organization’s amicus brief campaigns in the Supreme Court, discusses how a  North Carolina state court panel recently stopped the GOP’s gerrymandering plan by ruling that the maps drawn for GOP-dominated voting districts violated the state’s constitution, and the rights of North Carolina voters.
[embedded content]
JACQUELINE LUQMAN: If you have been ignoring the gerrymandering issue because you didn’t think it affects you, think again.
NC SENATOR FLOYD B. MCKISSICK: I don’t know why, based upon the number of Democratic registered voters, Republican registered voters, and unaffiliated voters in this state, we would want to ever sit and ingrain as a

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Links 9/7/19

September 7, 2019

How gardening helped me heal after a personal tragedy – and can help you too Scroll
Passengers were in for a long flight delay. Then one of them stepped up to fly the plane. WaPo
Ex-drug company CEO Martin Shkreli sues former investor AP
Mugabe’s rule led many people to dismiss the concept of nationalism – but that opened the door to something far worse Independent (Patrick Cockburn)
Justin Bieber Unpacks the ‘Quite Unexplainable’ Effects of Child Stardom in Emotional Instagram Post New York magazine
Coral reefs: breakdown in iconic spawning puts species at risk of extinction – new research The Conversation
Woody Allen Defends His Record: “I’ve Done Everything That the #MeToo Movement Would Love to Achieve” Hollywood Reporter
Mouthwash Cancels Out Key Benefits of Exercise, Study Finds

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One Very Bad Habit Is Fueling the Global Recycling Meltdown

September 7, 2019

Jerri-Lynn here. One quibble with this post: It seems to assume that recycling, were it only to be done properly, would solve the world’s plastics problem. Whereas as I’ve written here, here, and here, the recycling fairy isn’t going to save the day. Instead, the world needs to cut back  drastically on its use of plastics. And at the same time, devote serious attention to cleaning up the mess we’ve already made.
Nonetheless, recycling is certainly a part of any viable waste management strategy, and if we’re going to do it, we should do it properly.
By Jackie Flynn Mogensen, assistant editor at Mother Jones. Cross-posted from Grist, where it was reproduced as part of its Climate Desk collaboration.
If you’re like me, you’ve looked at a paper coffee cup or an empty tube of toothpaste and

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While PG&E Played a ‘Cat and Mouse Game’ With California Regulators, Where Was Kamala?

September 6, 2019

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
The Wall Street Journal published a comprehensive story yesterday, U.S. PG&E’s Long Record of Run-Ins With Regulators: A ‘Cat and Mouse Game, outlining Pacific Gas and Electric’s (PG&E) long history of breaking the law with impunity.
This made me wonder: where was Kamala Harris? You know, the person who served as California’s attorney general from 2011 through 2017, and touts that experience as grounds to support her presidential candidacy.
Before I answer the question, let me share some gems from the article:
…The Wall Street Journal identified repeated instances over 25 years in which PG&E misled regulatory authorities, withheld required

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Links 9/6/19

September 6, 2019

Video: Chinese Company Makes Genetic Engineering Leap by Cloning Its First Cat Sputnik (The Rev Kev)
Scientists Unveil Weed Breathalyzer, Launching Debate Over Next Steps NPR (David L)
New marine heat wave resembles killer ‘Blob’ that devastated sea life on West Coast, NOAA says Seattle Times (chuck l)
Robert Mugabe, Zimbabwe ex-president, dies aged 95 BBC
Why Is JPMorgan Chase Always in the Middle of Scandalous News? Fake Gold Anyone? Wall Street on Parade (UserFriendly)
‘Information Gerrymandering’ Poses A Threat To Democratic Decision Making Science Blog (Dr. Kevin)
The Fall of the Chosen Ones Ecosophia. UserFriendly: “He’s been hit and miss, but this is a hit. neoliberalism infected fiction.”
Gunz
Walgreens asks customers not to openly carry guns in stores, joining Walmart, Kroger,

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Trump Seeks to Revoke California Emissions Waiver

September 6, 2019

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.
Multiple outlets are reporting that the Trump administration is poised to revoke California’s de facto authority to set nationwide car emissions and fuel economy standards, originally granted as a waiver to the 1970 Clean Air Act.
According to the New York Times, White House Prepares to Revoke California’s Right to Set Tougher Pollution Rules:

The potential challenge to California’s authority, which would be a stinging broadside to the state’s governor and environmentalists, has been widely anticipated. But what’s notable is that the administration would be decoupling its challenge to California from its broader plan to weaken federal fuel economy

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