Drug Dealers May Have Wiped Out “Uncontacted” Amazon Tribe Slate (hat tip reader Carol B) :-(
Swelling list of demands fuels Israel protests Financial Times (hat tip Mark Ames)
Vigilante groups aim to combat riots Independent
Writer to BBC interviewer: ‘Stop accusing me of being a rioter’ Yahoo News (hat tip reader Scott A). Lambert Strether notes: The Beeb goes Fox.”
The year we realised our democratically leaders can no longer protect us Guardian (hat tip Buzz Potamkin)
Is Obama Smart? Wall Street Journal (hat tip Carol B). Not quite right. It attacks Obama for lack of smarts when intelligence takes multiple forms (readers of the Black Swan may remember savvy Fat Tony was more insightful than quants; there are plenty of people who are nominally intelligent but become wedded to methodologies or ideologies that make them functionally stupid). But the evidence cited points to another, serious flaw: narcissism.
Why not create new banks from QE3? One Salient Oversight
4 Wisconsin Republicans survive recall elections, GOP maintains control of state Senate, AP projects Washington Post. This may be due to ballot box hijinks in one district, the Dems needed one additional seat to break Republican control.
Union Workers Stand Up to Extreme Demands from Verizon Crooks and Liars
Auerback on S&P Downgrade, Europe Fox News
Poverty, Joblessness, and the Job Guarantee Pavlina R. Tcherneva, New Economic Perspectives
Fear beats greed Financial Times (hat tip Joe Costello). This is now outdated by the rally in the US, but a thoughtful long term discussion nevertheless.
Bank of America death-watch Yves Smith, Salon. I didn’t refer to it in a post proper because it is a recap and an intro of sorts for non-finance types, plus they wrote a subhead with glitches. Lordie.
Goldman reveals 15 days of trading losses Financial Times
Feds sue Goldman Sachs over credit union losses Los Angeles Times (hat tip Lisa Epstein)
There is going to be a huge financial story next week Cynthia Kouril, FireDogLake (hat tip reader Carol B) Update: Whoops, this story is from late June; I’ve asked Carol B to ping the author to find out what happened.
An excuse for slashing entitlements Matt Stoller, Politco
Antidote du jour: