Scientists have discovered how to ‘delete’ unwanted memories Telegraph (Chuck L). A major plot device in Vernor Vinge’s A Deepness in the Sky.
How to think about the Capital of China George Magnus, FT Alphaville. Important. But not clear how much China can clamp down.
Chinese Banks May Need All the Help They Can Get Wall Street Journal. “Beware, China has cocos too.”
China trade fares worse than expected Taipei Times
The Yuan Leaps as Beijing Adjusts Wall Street Journal
The European circus continues Bill Mitchell
Criminals’ ‘currency of choice’ for chop Financial Times. ECB using crooks as the excuse for eliminating the €500 note when terrorists and money launderers are hardly a new thing. This is PR for a negative rates measure.
Bank of England rebuffs Vickers criticism Financial Times
European Countries Weigh New Barriers Along Migrant Path Wall Street Journal
Syria crisis: Strikes on hospitals ‘war crimes’ BBC. By contrast, the US attack on the MSF hospital did not lead story coverage at the BBC nor did they quickly (ever?) call it a war crime. At least 42 died.
Imperial Collapse Watch
A Robotic 9/11 Global Guerrillas (resilc)
The GOP Is Finally Debating Bush-Era Failures American Conservative (resilc)
Supreme Court Trench Warfare
A Solution to the Chaos Surrounding the Next Supreme Court Nominee Charles Pierce, Esquire
SCOTUS Analyst: Loretta Lynch ‘Most Likely Candidate’ to Replace Scalia – NBC (resilc). Claw my eyeballs out.
The TPP would be the final death blow to American manufacturing – Salon (resilc)
Bernie Sanders closing in on Hillary Clinton in Nevada Business Insider (resilc)
In Nevada, a tightening race threatens Clinton’s post-New Hampshire ‘firewall’ Washington Post. Lambert reports that the pro-Clinton twittersphere went nuts when this article went up. The reality is that Nevada is now deep in the fog of campaigning. There aren’t reliable polls, particularly for a caucus. But Sanders does not have to win to dent Clinton in a big way. A relatively narrow loss (I’d hazard anything under 7 points given her previous 25 point margin) and say over 40% votes from Hispanics would smash her firewall, particularly since Sanders was late to campaign in Nevada.
Ralston Reports: Team Clinton growing nervous about Nevada Reno Gazette-Journal. But they expect the powerful Culinary Union to endorse Clinton late in the game.
Woodward and Bernstein Can’t Stop Comparing Hillary Clinton to Richard Nixon Mother Jones (resilc)
Congress Finally Gives A Damn About Heroin Addiction Huffington Post. Only because is is now seen as a problem affecting white people.
There is worse to come as QE loses its impact Financial Times. Duh.
Saudi and Russian oil ministers to meet Financial Times
Goldman Channels FDR’s `Nothing to Fear’ With Sell Gold Call Bloomberg. Given that they’ve gotten 5 of their 6 beginning of year calls wrong so far, Goldman ‘s credibility isn’t great. But in 2007, there was a bounce in subprime from March to May, and in 2008, the self-congratulatory “Mission Accomplished” post-Bear phase, which lasted till about July. So near-term moves are anyone’s guess.
Wenatchee man dies after refusing to leave foreclosed home Wenatchee World (Steve M)
Antidote du jour. Times of India, Monkey Adopts A Puppy And Takes Better Care Of It Than Most Humans Would, hat tip Maulik: