1MDB Sent $850 Million to Entity Set Up to Appear Owned by Abu Dhabi Wealth Fund WSJ. That’s real money! Or not!
Fed rate rise is first step to rebalance US financial system Gillian Tett, FT
“Sticky” sales Federal Reserve Bank of Minneapolis. Why don’t retail prices change continuously?
On regime change in Syria, the White House capitulates to Russia Editorial Board, WaPo
What I learned about Greece’s year from hell Politico. Nobody could have predicted…
Record Breaking 60 Million Forcibly Displaced Worldwide VOA. Crisis? Or new normal?
Riots erupt as Dutch protest against refugee centre Lebanon Daily Star
OP-ED: The Chinese elite at Columbia Columbia Spectator
Tibet’s Potemkin economy Andrew Batson
Imperial Collapse Watch
Augusta County Schools Closed Due to Calligraphy Assignment Reaction Newsplex. Arabic calligraphy.
Los Angeles and New York Differ in Their Responses to a Terrorism Threat NYT. “Mr. Bratton, in New York, suggested that the writer might have been inspired by recent episodes of ‘Homeland.'” We’re gaslighting ourselves to death…
The San Bernardino Complaint Emptywheel
Bernie Sanders Just Got Two of His Biggest Endorsements Yet The Nation. Democracy for America and the Communications Workers of America. The one the closest thing to a “movement” I’ve seen yet, and the other union muscle, to the extent unions have muscle. Impressive.
For Republicans, bigotry is the new normal Editorial Board, WaPo. As opposed to blowing faraway brown children to pink mist with drone strikes.
Putin Praises Trump As ‘Absolute Leader’ In GOP Presidential Race Talking Points Memo
I, For One, Welcome Our New Monopolist Overlords
Why Are Drug Monopolies Running Amok? Meet Deborah Feinstein David Dayen, The Intercept
The Limits of Schadenfreude America. On Martin Shkreli:
But we lose something in our enjoyment of his comeuppance, because it distracts us from noticing the system he’s embedded in. It took a lot of people willing to cooperate in immoral decisions to get us here, and that ought to raise questions about how willing we are to demand that people engaged in the market are also concerned with moral values.
Would you live in a shipping container? (video) Reuters. Life imitates Snow Crash. In so many ways…
Which inequalities matter and which taxes are appropriate? Kenneth Arrow, Crooked Timber
The Scientific Limits of Understanding Complex Social Phenomena Institute for New Economic Thinking
Marx’s theory of the state: a test Stumbling and Mumbling
Antidote du jour: