Friday, June 23, 2017

2:00PM Water Cooler 6/20/2017

Today’s Water Cooler: A rant on “contactless payment.” And talk amongst yourselves!

New York City Mortgage Delinquencies “Elevated”: What’s the Likely Real Cause?

Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.

Links 6/20/17

Brexit and the Future of the Irish Border

Why there is no good solution of the Irish border problem in Brexit, and how the Tories’ new buddies, the DUP, have contradictory goals.

Photographs from Grenfell Tower

By Lambert Strether of Corrente. I said I had some things to do before I left London; one of them was to go see if I could take some photographs of Grenfell Tower. We don’t normally do photo essays at Naked Capitalism, but since I was on the spot, I thought it made sense. The […]

Why the Wall Street Journal Is Wrong About the US Oil Export Boom

Debunking a Wall Street Journal article on rising oil exports.

2:00PM Water Cooler 6/19/2017

By Lambert Strether of Corrente Readers, this will be a somewhat abbreviated Water Cooler, because this is my last day in London, and I have to run around and do some things. I will rant about “contactless payment” tomorrow. In the meantime, talk amongst yourselves. Oh, and the Ossoff race ends tomorrow. Should be interesting, […]

Trump Cuba Policy Reversal: More Sound and Fury, Signifying…. No Mucho

Trump’s latest policy change announced to distinguish him from his predecessor– regarding Cuba- signifies thus far, no mucho.

Links 6/19/2017

New York Times Sends Cease & Desist Letter Over CalPERS’ Massive Copyright Infringement; Potential Damages Eight Figures for Times and WSJ Each; Theft Extends to Virtually Every News Publication in US

CalPERS, the biggest public pension fund, appears to have perpetrated the largest copyright infringement in the history of the news industry.

“Heads Should Roll at CalPERS”: Who Should Be Held Accountable for Massive Copyright Infringement?

CalPERS’ copyright theft is so large and indefensible that not only might it force a shakeup, but the truly responsible people could go.

Wolf Richter: Amazon to Slash Jobs at Whole Foods, Dump Cashiers, Switch to Cheaper Products in Price War with Wal-Mart

Amazon acquisition likely to crapify Whole Foods by cost-cutting: slashing and degrading jobs, and reducing quality.

States Launch New Joint Probe into Company Sales and Marketing Practices for Opioids

State probes of opioid manufacturers may loom large, especially if Trump’s Justice Department eschews targeting corporate crime.

Links 6/18/2017

David Sirota: The Role of Journalism in the Age of Trump

Skewers virtue-signalling of much “resistance” to Trump and discusses holding Democrats accountable while Republicans are in power.