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Links 8/6/19

Summary:
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 ‘Dark Waters’ Tells the Origin Story of a Public Health Nightmare. We’re Still Living It.

Yves Smith writes Links 12/5/19

Barry Ritholtz writes 10 Thursday AM Reads

Yves Smith writes The Debt Delusion

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 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

With big questions remaining, Alaska Legislature’s second special session set to quietly end Tuesday Anchorage Daily News

Brexit

Boris Johnson has no intention of renegotiating Brexit deal, EU told Guardian (VE).

Germany Pins Hopes on Parliament to Thwart Johnson’s Brexit Plan Bloomberg. Let me know how that works out. Then again

Leaving on October 31 won’t be the end of this. Brexit will never be over Evening Standard

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

Syraqistan

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

What Happens When Saudi Arabia Turns Off the Cash Spigot? Medium

Rivers of Dust: Water and the Middle East Counterpunch

Venezuela

Washington hits Venezuela with full economic embargo Miami Herald

Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage CNBC [licks chops].

Bolton warns China, Russia not to double down on support of Maduro Reuters

India

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.

This Photo Tells Us More About Amit Shah’s Kashmir Plans Than The Govt Has So Far HuffPo

The Asian strategic order is dying FT. Important.

Nutrient deficiencies in rice grown under higher carbon dioxide could elevate health risks for tens of millions Phys.org

The Koreas

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

China

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

Protest Innovation:

“Spontaneously”:

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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China warns of countermeasures if U.S. puts missiles on its ‘doorstep’ Reuters

Trump Transition

Trump explores executive action on guns Politico

Unqualified UN Ambassador is the Perfect Weak Link The American Conservative

The Metadata Trap: The Trump Administration Is Using the Full Power of the U.S. Surveillance State Against Whistleblowers The Intercept

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

Health Care

Column: Health insurance companies are useless. Get rid of them Michael Hiltzik, Los Angeles Times

CMS wants to force hospitals to reveal negotiated rates. Can it do that? Health Care Dive

The vaccine whisperers: Counselors gently engage new parents before their doubts harden into certainty STAT

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:

Links 8/6/19

Bonus antidote. The original video:

See yesterday’s Links and Antidote du Jour here.

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