Give A Dam About This Beaver Spotted Swimming In The Hudson River Gothamist Cashless Stores Alienate Customers in the Name of Efficiency WIRED The Fed is getting into the real-time payments business CNN Robots Are Solving Banks’ Very Expensive Research Problem Bloomberg. The deck: “Banks can’t always afford to put analysts on the ground in developing nations—about the only places where investors can get yield right now.” But we can afford to hire expensive tech people to pull a few algos out of their digital assets? Or maybe the MBAs figure Bangalore is close enough to Jakarta for learning by osmosis to take place. Oy. A Decline in Capital Investment Reveals the False Promise of Trump’s Tax Bill The New Yorker. The entire country is awash in capital (“over-production crisis”) and has been
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Yves Smith writes Links 12/5/19
Barry Ritholtz writes 10 Thursday AM Reads
Yves Smith writes The Debt Delusion
Robots Are Solving Banks’ Very Expensive Research Problem Bloomberg. The deck: “Banks can’t always afford to put analysts on the ground in developing nations—about the only places where investors can get yield right now.” But we can afford to hire expensive tech people to pull a few algos out of their digital assets? Or maybe the MBAs figure Bangalore is close enough to Jakarta for learning by osmosis to take place. Oy.
A Decline in Capital Investment Reveals the False Promise of Trump’s Tax Bill The New Yorker. The entire country is awash in capital (“over-production crisis”) and has been for some time. That’s why frivolous albeit malevolent projects like Uber exist. Trump ain’t it.
Five eyes of tax cases in global probe Australian Financial Review
Germany Pins Hopes on Parliament to Thwart Johnson’s Brexit Plan Bloomberg. Let me know how that works out. Then again…
Brexit: unintended consequences EU Referendum
The ‘man of the people’: what would Plato think of Boris Johnson? British Politics and Policy, London School of Economics
US Afghan envoy praises ‘excellent progress’ in Taliban talks Agence France Presse
It Doesn’t Matter At All That Oil is Priced in Dollars #43,656 Dean Baker, CEPR
Rivers of Dust: Water and the Middle East Counterpunch
Washington hits Venezuela with full economic embargo Miami Herald
Correcting a historic blunder Indian Express. “Abrogation of Articles 370 and 35A is a much-needed step for the complete emotional integration of people of Jammu and Kashmir with the Indian Union.”
Kashmir turmoil: Internet, broadband, landline services snapped, unprecedented developments taking place India Today. Probably the Internet blackout is meant to protect the privacy of Kashmiris completing their emotional integration at this difficult time.
The Asian strategic order is dying FT. Important.
North Korea fires more weapons, denounces US military drills Associated Press
The Japan-South Korea Trade Dispute: What to Know Council on Foreign Relations
Who lost South Korea? Japan Times
Live Now: China Holds Briefing on Hong Kong’s Social Unrest Bloomberg. Many other stories key off this.
Masked Hong Kong protesters hold rare press conference Channel News Asia
Hong Kong shares extend drop as US-China conflict escalates Nikkei Asian Review
This legend was trying to clear the tear gas with a hand vacuum. I mean, it didn’t work, but I’m in awe of the level of fucks not given. pic.twitter.com/zVbfVkrOgm
— Hong Kong Hermit (@HongKongHermit) August 5, 2019
In order to prevent the Chinese national flag from being damaged again, dozens of #HongKong residents spontaneously organized an operation to protect the flag on Tuesday morning at Tsim Sha Tsui Star Ferry Pier. #香港 pic.twitter.com/QNnb34ioEM
— Global Times (@globaltimesnews) August 6, 2019
I don’t deny there’s support for the Mainland in HK, but holy moley, can’t we get an upgrade to the style guide?
How Tear Gas Works: A Rundown of the Chemicals Used on Crowds Scientific American
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Unqualified UN Ambassador is the Perfect Weak Link The American Conservative
El Paso Shootings
Walmart shooter allegedly penned white supremacist rant in ‘bible of evil’ El Paso Times. If you want real cray cray, read a neoliberal economist. I say this not to diminish the seriousness of the shooter’s manifesto, but to point out that we as a society have an odd baseline for words like “rant.”
Beto O’Rourke Just Produced an Emotional, Scything Critique of the Media Esquire (Re Silc). Are there no copy editors?
For Latinos, El Paso is a devastating new low in a Trump era Los Angeles Times
Right‐to‐Carry Laws and Violent Crime: A Comprehensive Assessment Using Panel Data and a State‐Level Synthetic Control Analysis Journal of Empirical Legal Studies
Column: Health insurance companies are useless. Get rid of them Michael Hiltzik, Los Angeles Times
L’affaire Joffrey Epstein
The mysterious case of Jeffrey Epstein Chicago Reader. A clear summary.
There is no evil like reCAPTCHA (v3) Stoicism and Me. Amen.
Antidote du jour (via). Leveling up my cat game:
Bonus antidote. The original video:
Black cat at a rugby game. Please sign him up. pic.twitter.com/BYL5HM0vvO
— Cats 🐈 (@bestcataccount) July 28, 2019
See yesterday’s Links and Antidote du Jour here.