Gator pays golf course a visit 10 News
Variable Stars Have Strange Nonchaotic Attractors Quanta Magazine (Chuck L)
Open-source hardware is gaining critical mass Computerworld (Chuck L)
Apple’s high-stakes negotiations with the Chinese government could complicate Obama’s tough talk on snooping Quartz. So Apple is perfectly fine with throwing Chinese dissidents under the bus to secure an advantaged position in China. The defiance of the Administration is particularly cheeky given that Apple is a bigger beneficiary of government R&D than Google (see Mariana Mazzucato’s The Entrepreneurial State for details).
Global Capital Heads for the Frontier Dani Rodrik, Project Syndicate (David L). Rodrik has argued for capital controls in emerging economies, and makes his case here.
BOJ Aggressively Buying Japanese Stocks Wall Street Journal (EM)
That euroglut outflow and the real Japanisation of Europe FT Alphaville. Important.
Global finance faces $9 trillion stress test as dollar soars Ambrose Evans-Pritchard, Telegraph
Dollar surge poses policy dilemma for Fed Financial Times
This is historic: The dollar will soon be worth more than the euro Washington Post (furzy mouse). Well, no, it has traded as low as .89….
Syriza’s Only Choice: A Radical Step Forward The Bullet. Nikki: “The authors are professåors of political economy and members of the central committe of Syriza.” A lot of good analysis here, such as, “This fact widely signaled that the Greek government might not not have any stable negotiation strategy,” but its remedy seems a tad idealistic.
Wolfgang Schaeuble the Salesman Ed Harrison
German, Greek tensions extend to World War II dispute Aljazeera (Bob H)
Greece’s Bank Bailout Fund: What’s Happening? WSJ Real Time Brussels
Greece Bailout Talks: A Glossary WSJ Real Time Brussels. New euphemisms. Lordie.
IMF aims for ‘immediate’ stabilization with latest Ukraine bailout deal Reuters. Jim Haygood: “What a catastrophe. One couldn’t design a more certain train wreck.”
Why Obama’s Hopes Of Decapitating The Islamic State Won’t Work Andrew Cockburn, Counterpunch
Leak investigation stalls amid fears of confirming U.S.-Israel operation The Washington Post (furzy mouse)
Herzog Lead Over Netanyahu Increases to 4 Seats Daily Kos (furzy mouse)
Big Brother is Watching You Watch
New smoking gun further ties NSA to omnipotent “Equation Group” hackers ars technica (Chuck L)
Cellphone tracking technology comes to Los Altos Hills Los Altos Town Crier (Balaji). “’So, just to be clear,’ [county supervisor Joe] Simitian said, ‘we’re being asked to spend $500,000 of the taxpayers’ money plus $42,000 a year thereafter today for a product, the brand name of which we’re not sure of, the product specs we haven’t seen, a demonstration we don’t have and we’ve got a nondisclosure requirement as a precondition?’”
Imperial Collapse Watch
Postcard from the End of America: Washington D.C. CounterCurrents (RR)
House Panel Prepared to Subpoena Over Hillary Clinton’s Emails Wall Street Journal
Chris Christie Maintained State Pension Investments In Prudential After Top Official Gave Contributions International Business Times
Utah Passes White-Collar Felon Registry New York Times
Two Officers Shot During Protest Near Ferguson Police Department NBC (furzy mouse). Uh oh.
Deutsche and Santander fail US stress test Financial Times
GE Weighs Deeper Cuts to Capital Business Wall Street Journal
Fed Inspector General Reopens Leak Investigation ProPublica. Sure looks like Fed general counsel Scott Alvarez sat on it.
How income fraud made the housing bubble worse ScienceDaily (Chuck L)
The Trans-Pacific Partnership and China’s Reality Triple Crisis
TPP at the NABE Paul Krugman. Krugman comes out forcefully against the TPP, and is also denying Larry Summers what look to be his efforts to define the left flank of respectable opinion. Krugman, as a trade economist, nixing a soi-disant trade deal, is hard to ignore. Peculiarly, he ignores the sovereignty-underminig investor-state dispute settlement panels, but finds more than enough to dislike in the intellectual property provisions.
The Dangers of Intelligence without Creativity or Judgment Ian Welsh. One minor quibble re Larry Summers: even though he is famed for his intelligence, having seen him in action, his reputation rests at least in part on his debating skills (and being a highly dominant personality). Despite economics’ fetishization of mathematics, it also prizes argumentation (without, as debaters would, giving demerits for tricks like straw manning and ad hominems, which Summers uses routinely).
Antidote du jour. Andrea: “Marine birds being beautiful at last week’s big blizzard. Tough little guys but always so elegant, even screeching!”