Ancient Teeth Bacteria Record Disease Evolution University of Adelaide
EU data law draft uses language—word-for-word—from US, EU corporations ars technica (Lambert) :-(
Hanford Nuclear Tank Leaking Radioactive Waste Huffington Post. Carol B: More crumbling infrastructure.
Death in Singapore Financial Times (Lambert). I missed this over the weekend. Gripping and sad.
The mining tax that kills Prime Ministers MacroBusiness
US immigration proposal would offer ‘eight-year path to legal residency’ Guardian. Companies have been given tax amnesty to repatriate offshore cash (IIRC, the last time was 2004). The big sticking point seems to have be income taxes. So how about giving the illegals tax amnesty? It isn’t as if they weren’t paying sales taxes and property taxes through rent payments. And if they were making minimum wage (especially if they were seasonal workers!) it’s not as if they would have much, if any, income tax liability. Maybe they should start with one piece of the puzzle, like a seasonal worker visa, to break the logjam.
Miners arrested in fight to end Peabody’s stealing of health benefits Kay Tillow, Firedoglake (Carol B)
Reader’s Digest Is Bankrupt as Iconic Magazine Falters Bloomberg. Lambert: With 25 million readers?
EU ready to set tough bank pay curbs Financial Times. This is just silly. Banks will goose salaries. Although query what this will do for trader pay. You can’t justify paying a trader a ginormous amount of money since he could lose a lot just as well as earn a lot. And only so many traders can decamp to hedge funds or family offices.
Too Big to Regulate? The Warren Debut Adam Levitin. I’m not as taken with her question as Levitin is simply because it is well known that regulators practice regulatory forbearance in the wake of financial crises, as in they let banks they think will make it fudge their books while they earn their way back to health. Now it might be worth making the regulators explain that practice, but the format of 5 minutes per Senator will never let you get there. In addition, if she thinks she is gonna get any regulator to back off regulatory forbearance, or get the SEC to change accounting regs re valuation of bank assets, she is smoking something very strong. I don’t see any policy changes coming out of that; in fact, a herd of economists NOW think regulatory forbearance is OK even before the bank PR whores have been set loose (mind you I’m not a fan of forbearance, I’m merely describing realities on the ground). Thus from my vantage, the only point of that question was to suggest that people don’t trust banks. They don’t but so what? You can point to opinion polls that show that in spades. I don’t see the point of using the Senate to try to undermine all the millions banks spend on PR when it doesn’t work anyhow. The thing that Matt Stoller has stressed to me about Congress and politics generally is the importance of picking winnable fights. If she wants to score points with the public, fine, but I don’t see how this maps onto policies that will make a difference (for instance, if her question about trials had focused on suing individuals, I’d be much happier, but there was no mention on that in her follow-up emails, where she was not space constrained).
It’s For Your Own Good! Cass R. Sunstein, New York Review of Books. This is not an endorsement. This is so you can watch Sunstein at work.
Disclosure 2.0: Disclosure in the Lab Lauren Willis, Credit Slips
Weekend Viewing: Shakespeare, For All Time Jesse. Sort of late, but some of you have Monday off.
The Logic of Surveillance Ian Welsh (Carol B)
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