By Lambert Strether of Corrente.
Jeffrey Zeints: “Today, it is clear that the TARP program was a success” [White House]. And everything’s jake. Even MBSs are back in fashion [Time]. War stories: When your boss sleeps in his clothes in his office, look out below [Tennessean]. A list of alumni [IBT].
Some contemporaneous NC coverage: “Family Seeks $1.14 Billion from Lehman” (2008-01-08), “So How Did Lehman Delever? A Not-Very-Pretty Possibility” (2008-06-17), “Lehman in ‘Urgent’ Talks to Close Deal Before Expected $4 Billion Writedown” (2008-08-30), “The Fire Sales Begin: Lehman Unloading $852 Million of LBO Loans (Updated)” (2008-09-15), and “$75 Billion Needlessly Lost in Hasty Lehman Bankruptcy Filing?” (2008-12-29).
Everybody wants to do air power. Nobody wants to do troops [FOX]. Which makes sense if we can both start and finish the war with planes, drones, mercs, and special ops dudes. Meanwhile, Iran rejects US cooperation requests [LA Times].
Pipeline theory: “This ties twentieth century geopolitics to the long-standing use of American state power to further the private interests of multi-national oil and gas companies” [Counterpunch (LS)].
Anyhow, ISIS is our baby [Counterpunch]. And the Syrian moderates made a non-aggression pact with ISIS [Huffpo]. The same moderates who handed at least one kidnapping victim over to ISIS [Cannonfire]. How con-v-e-e-e-e-n-ient, especially for US military contractors [HuffPo].
Stockman: Financial markets will be spooked; “one kind of blowback after another.” Galbraith: “The larger environment of world stability created by the United States in the Cold War and after the Cold War is coming apart” [Yahoo Finance].
Worst cast scenario: 277,124 by end of 2014 (handy chart) [Wired]. And let’s not even mention the chance to virus could mutate for airborne transmission. Because that would be bad [Times]. Scientists see long fight [Times].
Obama is briefed at CDC, plans $88 million offensive [WSJ]; that’s seven Reaper drones. WHO accelerates vaccine push [Toronto Star]. Some mining companies halt operations; some support USAID mitigation efforts [Mining Australia]. African tourism drops [Seattle Post-Intelligencer].
“[N]o one expected… No one anticipated…” [WaPo]. Classic. “Nobody could have predicted” that the collapse of a public health system in war would spread disease. Not in Liberia, not in Afghanistan, not in Syraqistanza, and not (in another sort of war) in Greece. And why do we fly Western health workers out for treatment, but not the locals? [Guardian].
2014 and 2016
Obama postponed executive order to slow deportations, so Hispanic organizations muse “public confrontations and protests against vulnerable Senate Democrats” in red states [FT, “Hispanics turn on Democrats over delay”]. Progressives never do this. That’s why they keep getting kicked.
Clintons attend Iowa steak fry [Bleeding Heartland]. Hillary: “I’m ba-ack!” [MSNBC]. Note, however, [CNN] reports as “I’m back,” as does [AP]. But Politico leads with “I’m baaaack” [Politico]. Yes, she’s “thinking about it” [AP]. And here’s a retrospective of Iowa 2008, where Clinton finished third behind Edwards (remember him?) and Obama (remember him?) [Chris Cilizza, WaPo].
And Bernie Sanders sounds serious [Political Wire].
Industrial production, August: Slips 0.1% after 0.2% gain in July. Analysts expected a 0.3% gain. Auto-manufacturing slowed, though sales are steady, indicating “retooling” at issue. Without auto, gain is 0.1% [Bloomberg]. ISM manufacturing gauge highest since March 2011 [Businessweek]. Empire State general business index highest since October 2009 [AP]. Fewer plant shutdowns in July boosted last month’s numbers [AP]. Expert: “Correction was predictable” [The Hill]. But “uneven improvement” [WSJ]. List of advancing (e.g., computer) and declining sectors (e.g. apparel and leather) [Shop Floor].
News of The Wired
- Annals of Looting: NYC’s Alta Bike [Corrente].
- Is Borges the 20th Century’s most important writer? [BBC]. Simple answers to simple questions: No.
- Why is the NFL Commissionere Roger Goodell still hanging around? [FiveThirtyEight].
- House staffers get banned from WikiPedia. Again. For anti-trans trolling. Again [Raw Story].
- There’s lots of lithium in the water, and it’s good for you [Times]. Precious bodily fluids….
- Microsoft buys Mojang for $2.5 billion and founders bail [WSJ]. Mojang makes #Minecraft,
athe video game.
- “Exit Stage Right: The Case Against Scottish Independence” [Jacobin].
- The Senate Handbook (PDFs) USA Today. Make up your own jokes!
Readers, feel free to send me (a) links, and even better (b) sources I should curate regularly, and (c) images of plants; I now have some of yours to choose from, and I’ll start running them. Vegetables are fine! See the previous Water Cooler (with plant) here. Don’t mail Yves! And here’s a plant (petra). Roots, mon:
And more plants, please! Bigger images (say, 1200px or thereabouts) preferred. Thank you!
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Talk amongst yourselves!