Hillary Clinton will stage her first major campaign rally this weekend, June 13, on Roosevelt Island. If you planned to attend or were thinking of attending, please ping Lambert or me this week. We’d love to get impressions of attendees.
Triple Crown Winners and False Correlations Barry Ritholz, Bloomberg
That’s so cool!’: Bill Nye gushes as ‘solar sail’ spacecraft marks successful test run Newsweek (furzy mouse)
This US military-funded security company can tell who you are just from the way you touch your phone Business Insider (David L). Another reason I am glad I have a stupid phone.
Is Overpopulation a Legitimate Threat to Humanity and the Planet? New York Times (Lawrence R)
Researchers discover key to maintaining muscle strength while we age MedicalXpress (Çhuck L)
Evolution is unpredictable and irreversible, biologists show PhysOrg (Robert M)
CNN’s ‘Courageous’ Advertorial Mill FAIR (furzy mouse)
Retiring Cisco CEO delivers dire prediction: 40% of companies will be dead in 10 years Business Insider (David L). If you read the article carefully, Chambers tries to claim his own experience at Cisco proves the need to “go digital,” whatever that vague label is supposed to mean (in fairness, maybe the speech was more specific than the reporting). However, the story he tells is the typical fate of a company that goes on an acquisition binge. They become too sprawling and balkanized and need to be a major restructuring, and often very serious work to get the units that are left to play together better. This has nada to do with the march of tech. This sort of thing is standard fare across all sorts of industries.
China to Have Veto at Infrastructure Bank WSJ China Real Time Report
China’s emissions may have already peaked China Spectator
Chen Guangcheng: 26 years after Tiananmen, things are worse in China Washington Post (Bob H)
Red alert: Hong Kong warns against travel to South Korea amid deadly Mers outbreak South China Morning Post
Italy’s Migrant Scams Now More Lucrative Than Drugs Daily Beast (furzy mouse)
Regulator Said to Have Pressed for Exit of Deutsche Chiefs New York Times. It had that look to it…
The innovators: the Bristol pound is giving sterling a run for its money Guardian (Chuck L)
Obama puts onus on Tsipras to reform Financial Times. Hard to square the speech to Parliament last Friday with this:
Athens appeared to be attempting to mend fences and hammer out a deal after talks soured late last week. Mr Tsipras on Monday sent three of his most trusted aides to Brussels to restart negotiations.
Also has a good timetable. The drop dead date of June 14 indicated by Hollande (see below) could be extended by an emergency session of the Bundestag. We’ve been guessing that the event horizon lies at some point between June 15 and June 20. The timetable here indicates the absolute last time is June 18, since Greece is expected to pass legislation as a condition of any deal.
Tête-à-tête for Merkel and Tsipras Politico. OMG, whatever Merkel is smoking, I want some too: “According to a senior European Council official, Merkel wants to have the question of Greek economic reforms settled before the summit begins Thursday.” Note it also says the drop dead date for a deal is June 14. But both Tsipras and Varoufakis have said Greece has till June 30 to get a deal done…..
Capital controls risk increasing etkathimerini. Of course, there is the possibility that the ECB has cooked up something, with Merkel’s blessing, to focus the Greek ruling coalition’s mind.
Varoufakis says Greece needs deal quickly; Obama urges action – as it happened Guardian. Varoufakis gave a fine speech, but its seems totally disconnected from the realities of process. A mulitparty deal that requires parliamentary approvals can’t be done overnight. Note this section from the live blog:
Despite Tsipras’s tough talk in parliament on Friday night, there were signs today that Athens was softening. It sent two top ministers to negotiate in Brussels today, as a government spokesman pledged that Greece wants a solution that suits both sides.
Greek media are reporting that Athens is rejigging its 47-page list of reforms, but remains opposed to making significant changes to VAT and pensions.
And get this:
And Greece’s minister of labour, Panos Skourletis, told Mega TV this morning that some bank officials are apparently advising savers to withdraw holdings from account
Merkel at the G-7:
Merkel-Schaeuble Differences Over Greece Talks Said to Widen Bloomberg (Dimitri). We’ve discussed this in comments. Another big obstacle to a deal getting done.
A Speech of Hope for Greece Project Syndicate. Varoufakis’ speech in Germany covered similar ground.
A Greek Default Slashes U.S. Exports and Jobs Fiscal Times
The Greek Trap New York Times. An anti-Greece rant. Tons of pushback in comments. I’m cynical enough to wonder if Cohen felt that Obama’s pressure on Greece gave him cover.
The Quiet German New Yorker. A profile of Merkel from last year.
Putin warned of fresh sanctions over Ukraine Financial Times
Supreme Court backs Obama and invalidates Jerusalem passport law Reuters (furzy mouse)
Imperial Collapse Watch
Hacking as Offensive Counterintelligence The XX Committee. A must read.
Big Brother is Watching You Watch
Army’s Public Website Hacked by Unknown Intruders NBC (furzy mouse)
Are passwords and PINs history? Biometrics are closer than you think. Banks about to get into the surveillance data collection game. The only sorta good news here is the US is so behind in its payments processing technology (to milk existing infrastructure) that we’ll be late to implement this sort of thing.
Fast Track to the Corporate Wish List American Prospect (Salon)
On trade, Obama’s most loyal allies are abandoning him (+video) Christian Science Monitor (furzy mouse)
Leader McCarthy Pressured By GOP Conference: What’s The Rush On Obamatrade Breitbart (curt e)
Black Injustice Tipping Point. Notice all three NYT stories were included in the daily top headlines e-mail.
Jarring Image of Police’s Use of Force at Texas Pool Party New York Times
Greenwood: Police Destroy Home Leaving Family Homeless Fox31` (Stacey B)
Public Universities Underpay Their Presidents Bloomberg. Readers encouraged to practice their debunking skills in comments. Bonus points for skilled use of snark.
Fed Policy May Have Widened America’s Wealth Inequality, Philadelphia Fed Paper Says WSJ Economics. Contradicts Bernanke.
A Practical Vision of a More Equal Society by Thomas Piketty New York Review of Books
Why Technology Hasn’t Delivered More Democracy Foreign Policy
Antidote du jour> Stephen L: “Waterton Lakes National Park, Alberta.”
See yesterday’s Links and Antidote du Jour here.