Dimon, now Summers: There’s a liquidity problem CNBC (Furzy Mouse)
Dear Fellow Shareholders [PDF] Jamie Dimon. “We have meaningfully simplified the company.”
How Wall Street captured Washington’s effort to rein in banks Reuters. Such as it was.
Cirque du Soleil in advanced deal talks with private equity: sources Reuters. We’ll hope private equity doesn’t do for Le Cirque what it did for Guitar Center.
A cryptocurrency fit for Wall Street Gillian Tett, FT
Friends of the Earth: Oil site near Gatwick will face ‘huge opposition’ Crawley and Horley Observer
“If We Dig Out All Our Fossil Fuels, Here’s How Hot We Can Expect It to Get” NYT. Author bio: “Milton Friedman professor of economics at the University of Chicago.”
Greece made its big IMF debt repayment Business Insider, and Greece makes IMF payment, gets bank funds, but doubts remain Reuters
Greece’s Achilles’ Heel WSJ. Capital flight.
Blaming Iran for Shi’ite Unrest Throughout the Middle East Counterpunch (GF)
Nobody will win the war in Yemen Al Jazeera
How China Can Perfect Its ‘Silk Road’ Strategy The Diplomat
China TV host’s mocking of Mao Zedong draws fire, applause Asian Correspondent
Big Brother Is Watching You Watch
Same Surveillance State, Different War The Atlantic. First, the war on drugs. Then, 9/11.
Lobbyists for Spies Appointed To Oversee Spying The Intercept
Why Is the “Middle Class” Stressed?: An interesting New Hypothesis from Emmons and Noeth Washington Center for Equitable Growth
U.S. States Aren’t Prepared for the Next Fiscal Shock Bloomberg. That’s not a bug; it’s a feature. More privatization, more pension looting, racing to the bottom all around.
Can SEPTA Key unlock financial services for the underbanked? Plan Philly (PT)
Why Pope Francis could be facing a Catholic schism The Spectator
Jesus Christ the family man? Why the church won’t buy it Guardian (Furzy Mouse)
Does Economics Make Politicians Corrupt? Empirical Evidence from the United States Congress Kyklos. Abstract only, but what an abstract!
Tangles of pathology Interfluidity
Antidote du jour, and thanks to reader pdooley for suggesting the snail!