Elephants perform for final time at Ringling Bros. AP (Furzy Mouse).
Fading risks of global recession Gavyn Davies, FT
Fed may need more powers to support securities firms during crises: Dudley Reuters. Like access to the discount window.
Freddie Mac may need another taxpayer bailout next week MarketWatch. Why are we hearing about this only now?
The Right Time for Climate Action Project Syndicate
Buffett Says Hedge Funds Get ‘Unbelievable’ Fees for Bad Results Bloomberg. Yves: “Piling on when it is cheap to do so. This is the finance news version of a momentum trade.”
TTIP Documents Revealed Süddeutsche Zeitung (MR).
According to the documents, Washington is threatening to prevent the easing of exports for the European car industry in order to force Europe to buy more U.S. agricultural products. The U.S. government concurrently has criticized the fundamental prevention principal of the EU Consumer Centre which protects 500 million Europeans from consuming genetically modified food and hormone-treated meat. The documents further reveal the fact that the U.S. has blocked the urgent European call to replace the controversial private arbitration tribunals, responsible for corporative lawsuits, with a public State model; instead, Washington has made a suggestion on the matter that had hitherto not been disclosed to the public.
The End of American Iraq: Poor Shiites invade Parliament over corrupt Spoils System Informed Comment (Re Silc).
Black Injustice Tipping Point
What Happened to Sandra Bland? The Nation
Legal bills mount as Ferguson stands by ‘failure-to-comply’ cases St Louis Post-Dispatch. Like the Bourbons, Ferguson’s tiny oligarchy has learned nothing, and forgotten nothing.
Bill Moyers in Conversation: Eddie Glaude Jr. on America’s Racial ‘Value Gap’ (audio) Bill Moyers
Hillary Clinton private email server problems split opinions FT. “‘This isn’t public corruption . . . this isn’t a venal crime,’ one person close to the Clintons told the Financial Times.” So what kind of a crime is it, then? And if a public official privatizing their official communications isn’t corrupt, what is? Who paid for those communications to be made and stored? The public. And now representatives of the public can’t see what is theirs because, as nobody, including this FT reporter, ever mentions, private individuals hired by Clinton deleted half of it.
The Clinton-Warren fantasy Politico
Bernie’s World N+1
The Bernie Camp’s Really Bad Idea of a ‘Tea Party of the Left’ New York Magazine
Trump’s war with best and brightest Edward Luce, FT. Foreign policy/national security establishment not notable for its humility.
Trump gets outside help for potential GOP convention battle WaPo (Furzy Mouse).
Silver Flushes Secret Sauce Down Toilet, Now Projects Trump has 69% Chance MishTalk (E. Mayer). Mayer: “If only there had been a leveraged ‘short Nate Silver’ ETF, NC reader craazyman might well have finally gotten his fabled ten-bagger.”
Who’s Afraid of Communism? The New Republic
Democracies end when they are too democratic Andrew Sullivan, New York Magazine. I’m so old I remember when Sully endorsing Obama was a big deal.
America Becomes What Its Founders Feared The National Interest
CIA’s Recounting of Bin Laden Raid Gets Mixed Reaction Voice of America. Oddly, or not, the story doesn’t mention Seymour Hersh’s new book.
Antidote du jour: