The World’s Best Whistler Explains How She Got So Good Vice (resilc)
Knee Surgery Can Create New Pain Wall Street Journal. Don’t get me started on the topic of how many orthopedic surgeries are not what they are cracked up to be. Admittedly, many patients are not willing to hear, “You are better off living with it” or do do the amount of physical therapy and exercise to see real improvement after injuries or with underlying structural issues that get worse with age.
The End Is Near for Illegible Handwritten Prescriptions in New York New York Magazine
The U.S. Is Paying — Some — to Help Poorer Countries Adjust to Climate Change Foreign Policy in Focus (resilc)
The World Bank Is Supposed to Help the Poor. So Why Is it Bankrolling Oligarchs? Mother Jones (resilc)
China and FX reserve adequacy, redux FT Alphaville
Merkel vows to stay course on refugees Financial Times
Ukraine’s pro-western reform project hangs in the balance Financial Times
EU Foreign Ministers Skirmish Over Russia Sanctions WSJ Brussels
Europeans Staring at Total Failure in Ukraine Russia Insider
Putin: Withdrawal Of Russian Forces From Syria Starting March 15 Moon of Alabama
Did Putin just ‘smelled’ the Western trap? failed evolution
Syria: More US Weaponry goes to al-Qaeda Juan Cole
Erdoğan’s Turkey: a disintegrating ally and imaginary friend Guardian (resilc)
Where did ISIS come from? The story starts here. Boston Globe
Big Brother is Watching You Watch
DOJ’s Clear Threat to Go After Apple’s Source Code Marcy Wheeler
USA uses TPP-like trade-court to kill massive Indian solar project / Boing Boing. Reported earlier, but in case you missed it…
The Trump Campaign Gives License to Violence New York Times. Editorial.
From Wallace To Trump, The Evolution of “Law And Order” FiveThirtyEight
Speaker at Trump Event: Try Christianity, Bernie New York Magazine
hat President Trump’s Foreign-Poicy Team Might Look Like American Conservative (resilc)
Breitbart News in Turmoil, and Trump is the Cause New York Times
What America’s Prisoners Think of Donald Trump Vice (resilc)
Which Side Are You On, Hillary? New York Times. From two days ago. Deadly. Key quote:
A 2013 paper by Mr. Scott’s colleague at E.P.I., Josh Bivens, found that, on average, noncollege-educated American workers, the people who make up roughly 70 percent of the labor force, lose nearly $2,000 a year in wages owing to the growth of trade with low-wage countries promoted by free-trade agreements.
Another Major Union Just Endorsed Bernie Sanders Huffington Post (martha r)
The Left Wing’s Trump Atlantic. A bit of a hatchet job, but Grayson really was a dope not to have wound down his hedge fund (which has just a few friends and family members in it; he lost 17% for one investor and kicked him out, giving him all his original investment back). Grayson does have a reckless streak that works against him.
Legal marijuana is finally doing what the drug war couldn’t Washington Post (resilc)
The macabre truth of gun control in the US is that toddlers kill more people than terrorists do Guardian (resilc). !!!!
Many Shale Companies Are Unable to Ramp Up Oil Output Wall Street Journal
Crude oil slides back below $40 a barrel Financial Times
Special Report: The final days and deals of Aubrey McClendon Reuters. EM: “McClendon apparently thought he was TBTF, but being neither a top-level bankster nor elite politician, was shocked to find out otherwise.”
What Would Breaking Up the Banks Even Look Like? Atlantic. I don’t have time to critique this, but the short version is a wholesale only bank won’t work. Not enough margin in those products. JP Morgan (which remember had a very large number of established relationships with big corporates) was struggling with profits issues, hence its push to get into higher-margin investment banking and retail (its takevoer Chase, which kept the tony JP Morgan name). A split that would leave you with viable businesses is investment banking, commercial banking (retail and wholesale) and asset management (having investment banks have incentives to have their own funds and stuff their brokerage accounts is never a good idea).
Blackrock: Markets face headwind from central banks CNBC. Quelle surprise!
Lifestyles of the Rich and Infamous
Hurdles to Multigenerational Living: Kitchens and Visible Second Entrances Wall Street Journal. More evidence of downward mobility…
Dogmas of Our Economic System Must Change, Says Former Economic Hit Man TruthOut (Glenn F)
Universities Are Becoming Billion-Dollar Hedge Funds With Schools Attached Nation. Not news. Harvard (with Larry Summers as rogue trader), Yale, Northwestern and NYU have long been at this game.
The Problem of the Liberal Elites Part 1 Ed Walker, emptywheel
Antidote du jour (furzy):