Big Data Is The New Phrenology Cathy O’Neil
Next Stop Atlantic: How Old New York Subway Cars Became Artificial Reefs CityLab (furzy mouse)
How Mice Turned Their Private Paradise Into A Terrifying Dystopia io9 (furzy mouse)
The big melt: Antarctica’s retreating ice may re-shape Earth Associated Press
Truly amazing: Frozen life comes to life as ice melts Gizmodo (Nikki)
KFC Plans to Roll Out Edible Coffee Cups in the U.K. Time (furzy mouse)
When Drones Aren’t Enough, Amazon Envisions Trucks with 3D Printers Wall Street Journal
Incredibly, YouTube isn’t making any money Wall Street Journal (furzy mouse)
Euro-area governance: what to reform and how to do it Bruegel (Swedish Lex)
Varoufakis says that “the VAT tax will increase in an unimportant good” in order to show good will to our partners. (Woot!) @GreekAnalyst. Note change from promise of no increase in VAT.
Should other Eurozone programme countries worry about a reduced Greek primary surplus target? Bruegel. Notice how post assumes the primary surplus target will be in the 2%-4% range, above what is it now and therefore even more austere than current conditions.
V for Varoufakis YouTube. Swedish Lex points out that this got over 400,000 views in the first 24 hours.
In Greece, Bailout May Hinge on Pursuing Tycoons New York Times
Merkel’s Truths Lead Greece to Unavoidable Deal on Euro Bailout Bloomberg. “In office for a month, Tsipras and his finance minister, Yanis Varoufakis, have largely shelved the promises that got them elected, irritated key euro-area collaborators and stoked doubt about their intentions.”
What Greeks Want Most Is `Dignity,’ Varoufakis Says Bloomberg. Note that Varoufakis says Greece will never return to primary deficits. That assures that austerity will continue unless Varoufakis can get what is tantamount to spending in Greece at the Eurozone level, which seems unlikely.
A Greek primary issue Bruegel. Greece not likely to meet its 1.5% primary surplus target due to the fall in tax collections. Not a surprise per se, but this post goes through the data and the prospects.
Don’t mention the war! er the Troika … Bill Mitchell. Key scary factoid: deflation is Greece is now running at 1.2% per month
Russia: Left out in the cold Financial Times
Islamic Scholars Convene an Anti-ISIS Summit in Mecca Atlantic (furzy mouse)
Obscure Group Says It Set Off Blasts in Egypt, Raising Alarm New York Times
Imperial Collapse Watch
The Road from Westphalia New York Review of Books
Big Brother is Watching You Watch
Everyone Wants You To Have Security, But Not from Them Bruce Schneier. I have trouble with his core assumption that “We want strong security, but we also want companies to have access to our computers, smart devices, and data.” I don’t have a smart device in part because I don’t want them to have more access than they already have (too much). And what about paying for software and running it locally?
Border agency threat exposes US migration rift New York Times
How Google’s Silence Helped Net Neutrality Win Wired (furzy mouse)
Net Neutrality Is Here — Thanks To an Unprecedented Guerrilla Activism Campaign Lee Fang, Intercept
The FCC has set a new, faster definition for broadband Washington Post
Should Californians Resurrect a Plan to Pipe in Water From Alaska? Wired (furzy mouse)
Embattled Standard Chartered CEO to Exit Wall Street Journal. Benjamin Lawsky takes a scalp.
OPEC’s Strategy Is Working Claims Saudi Oil Minister OilPrice. A bit one sided (as in ignores that most shale gas players are increasing production with fewer rigs), but has some useful data.
US shale town ‘hurting bad’ in oil slump Financial Times. As predicted.
KKR’s Struggling Energy Firm Weighs Debt Options Wall Street Journal
Shoppers Return to Chain Stores Wall Street Journal. Does not consider that some of the pickup might be due to trading down.
Reforming the Fed: Who’s Right; Who’s Wrong? Pam Martens and Russ Martens (Jesse)
What Happened to Unions in the Midwest? Wall Street Journal
Making Do With More Brad DeLong, Project Syndicate (David L). Important.
Antidote du jour. Twitter claim @AnnoyedWasp: “put a wig on the dog and frightened the crap out of the postman.”