Readers, the news pot seems to have bubbled over today, and I’m also feeling frisky, so you get a bigger ration of links than usual. –lambert
Escaped octopus ‘didn’t even leave us a message’ Radio New Zealand
Meet the man turning Goldman Sachs into a ‘frictionless’ machine Business Insider
Wall Street’s Fraud of the Week Club Richard Eskow, CAF
Regulators Propose Banning Theranos Founder Elizabeth Holmes for at Least Two Years WSJ. Another unicorn bites the dust.
Why You Should Care About Big Banks Cutting Deals with the Feds to Avoid Prosecution Vice. Another cost-of-doing-business fine. Investors get nothing, traders keep their bonuses, no CEOs in jail. And so many people’s homes are gone.
Sen. Elizabeth Warren Introduces Tax Filing Simplification Bill Hitting For-Profit Companies International Business Times
Crude congestion Reuters. Gorgeous maps of global tanker congestion.
‘No case’ for prosecution of Panama Papers law firm – lawyer The Journal (RS). “Panama’s chief state prosecutor, Kenia Porcell, yesterday gave a news conference in which he noted that “in Panama, tax evasion does not constitute a crime.”
Pacific islands provided fertile ground for Panamanian law firm Nikkei Asian Review
A torrential leak The Economist. ” [ICIJ] picked some odd collaborators: in America it chose to work with the Charlotte Observer and Fusion, a news site for millennials, rather than, say, the New York Times.” Shaking my head….
Slow growth is a fact of life in the post-crisis world Oliever Blanchard, FT. “The focus should be increasingly on medium term growth, and the in an environment of lower growth and lower interest rates.” Shorter: The new normal. Brioche, yum!
Central Bank Lending in a Liquidity Crisis St Louis Fed. This seems anodyne to me. Am I missing something? If not, why now?
EU Gives Greece Two Weeks to Form Border Control Plan Greek Reporter
Saudi Arabia restricts religious police powers Gulf Digital News (Re Silc)
Bernie Sanders sliced Hillary Clinton’s New York lead in half since early March WaPo. The dogs won’t eat the dogfood…
‘I welcome their contempt’: Bernie Sanders fires back at Verizon, GE Business Insider
Bernie Sanders in Washington Square Park NYT. Interviews with attendees. The Sanders estimate is 27,000 (I can’t find a police estimate). Clinton held a duelling rally (1,300, but note the headline!).
Bernie Sanders Endorses Three Women House Candidates WSJ. Zephyr Teachout of New York, Pramila Jayapal of Washington state and Lucy Flores of Nevada.
Hillary Clinton Excuses Lack of Wall Street Prosecutions, Doesn’t Note Scrutiny of Former Treasury Head Robert Rubin International Business Times. She should have Bill Black on her campaign team. Oh, wait….
Clinton’s Reliably Bad Foreign Policy The American Conservative (Re Silc), responding to David Rothkopf’s Pardon Our Election Foreign Policy. If you want a fine example of an elite bubble, listen to the Foreign Policy podcast. Sane-sounding, smoothly-modulated, credentialed voices saying crazypants things.
UPDATED: Democratic Party of Wisconsin helps billionaires channel donations to Clinton campaign Wisconsin Citizens Media Cooperative. State parties used as conduits for the DNC to allow donors to skirt federal election limits?
News About Obamacare Has Been Bad Lately. How Bad? NYT. Readers, have any of you “shopped” for ObamaCare and changed your plan? What was that like?
Imperial Collapse Watch
I am on the Kill List. This is what it feels like to be hunted by drones The Independent. Does anybody believe that Amazon’s drones will stop at delivery?
Why Luck Matters More Than You Might Think The Atlantic
Our Co-op boss leads from the front on Exec pay nickmembercouncilpresident (diptherio)
What Is America’s Proper Place in the Global Economy? The Atlantic. Betteridge’s Law violation, or no?
The Democratization of Science Ushers in a New World Order War on the Rocks (LT). If “democratization” is the word we want…
We just got great news about wage growth in America Business Insider
Dozens of Senior Citizens Were Arrested at ‘Democracy Spring’ DC Protests Vice (Re Silc). Not big numbers, so far. However, it’s important that some seniors have decided to put their bodies on the line; when the regime beats down the grandparents on TV, cracks tend to appear in elite legitimacy. (I know that’s not fair, but that’s how it is.)
More arrests at US Capitol as Democracy Spring meets Black Lives Matter (VIDEO) RT. Huge, if it sticks. Critical that the various movements not remain siloed.
President Obama is using his power to get advanced copies of Game Of Thrones episodes Metro UK. Looking for escape-ism?
Antidote du jour: