Bank of America warns of ‘lethal’ damage to China’s financial system as deflation deepens Ambrose Evans-Pritchard, Daily Telegraph
A history lesson on the perils facing oil and gas investors FT. Son of Subprime.
Some clients are always more equal than others FT. NDAs leading to “an information blackout that is causing pension funds to lose sight of industry-wide fee levels.”
Jobs, Wages, Wholesale trade Warren Mosler
Borrowers Forgo Billions through Failure to Refinance Mortgages NBER. Final paragraph:
The authors also suggest that psychological factors, such as procrastination, mistrust, and the inability to understand complex decisions, may be barriers to refinancing.
Mistrust? Why on earth?!
This map shows every attack on French Muslims since Charlie Hebdo Vox. I’ll have more on Charlie Hebdo at 2:00PM.
Eric Holder, top U.S. officials no-shows at Paris unity rally Daily News. Shame? A sense of the ridiculous? Not invited? Leader photo op.
Hollande asked Netanyahu not to attend Paris memorial march Haaretz. Netanyahu insisted, so Hollande invited Abbas. Then Netanyahu’s press office crops Abbas out of their version of the photo op picture.
Big Brother Is Watching You Watch
Paris attacks: Millions rally for unity in France BBC. The Beeb buries the lead. Here it is. Paragraph 31:
Following the meeting, the ministers issued a statement saying that greater internet and borders surveillance was needed to combat terrorist attacks.
Never let a crisis go to waste! And above all, keep doing what doesn’t work!
Countries agree to up surveillance Daily Star. Ya know, I recall, one Kouachi brother was featured in a French documentary film about the recruitment of young Islamic “extremists.” So whatever the answer is here, it’s not moar surveillance (and hence, whatever the purpose of the surveillance is, it’s got little to do with the Paris attacks. Not that I’m foily).
F.B.I. Is Broadening Surveillance Role, Report Shows New York Times
Ukraine, Russia raise stakes ahead of peace talks Defense News
Crisis in Ukraine could trigger nuclear war, warns Gorbachev Daily Telegraph
Ukrainian Government to Encourage Dismantling of Soviet Memorials Estonian World Review
Why Asia is the key to the Russia-Ukraine conflict Straits Times
U.S. Airstrike In Syria May Have Killed 50 Civilians McClatchy. Gee. That’s 38 more than 12.
Iraq may need three years to restructure and rebuild military: PM Reuters. Ka-ching. Hey, this time, why don’t we cut out the middleman and just hand over all the weaponry dirctly to whichever jihadis are coming up on the demonization leaderboard?
Making it in the desert kingdom Economist. Saudi manufacturing.
China’s New Silk Road Takes Shape in Central and Eastern Europe Jamestown Foundation (take a look at the board members; this is an quasi-official prospectus for conflict investors).
Firebombs hurled at home of Hong Kong media tycoon Jimmy Lai and Next Media HQ South China Morning Post. Billionaire who partly funded Hong Kong Occupy.
Unpaid interns charged £300 for a job reference by thinktank Guardian. Refreshingly direct!
Death by Robot New York Times. Code is not only law, but ethics, it seems.
Gangsta to the roots: A gangster or civil society? Asian Correspondent
Small volcanic eruptions partly explain ‘warming hiatus’ Science Daily
The Serengeti strategy: How special interests try to intimidate scientists, and how best to fight back Bulletin of the Atomic Scientists [PDF] (furzy mouse).
Antidote du jour. Sending this one out to Stephanie Kelton: