Dear patient readers, I am behind for the obvious reasons. I’ll add more Brexit links.
Teen stuck inside giant Barney dinosaur head is freed by firefighters Boing Boing (resilc)
Mating Hemophiliacs Seldom Turns Out Well Streetwise Professor (Richard Smith). On Elon Musk. I know I should write up his latest machinations, but it is basically old economy chicanery being sold as new economy bottles.
Bot Platforms and the race for Nation-State Advantage Global Guerillas (furzy)
Scientists just doubled the number of known contagious cancers Washington Post
Europe in Shock over Brexit Der Spiegel (nobody)
Is the EU referendum legally binding? Guardian (resilc)
What now for Brexit punished markets? MacroBusiness
Does the Brexit Vote Mark the End of Internationalism? Foreign Policy in Focus
Key Brexit Question: Is Cameron the Biggest Liar in History? Michael Shedlock
Do the Experts Know Anything? Bloomberg (resilc)
Schäubles Geheimplan für den Brexit Handelsblatt
Opinion: Brexit Vote Is an Act of Self Mutiliation By British Der Spiegel (resilc)
THE BRITISH VOTE ISN’T AGAINST EUROPE – IT’S AGAINST THE WARS OF BARACK OBAMA, ANGELA MERKEL, AND EVERY SERIOUS NEWSPAPER IN THE WORLD AS WE USED TO KNOW IT John Helmer. Includes map of Leave v. Remain votes.
Brexit earthquake has happened, and the rubble will take years to clear” Guardian (nobody)
Consequences of Britain’s Vote to Leave the EU Ian Welsh (nobody)
Kevin Schofield, from PoliticsHome, has heard there is a letter going around demanding the resignation of leader Jeremy Corbyn… Michael Crick of Channel 4 even wonders if this day might see Corbyn’s resignation too.. Financial Times (live blog)
The World Changed Overnight Zero Anthropology (nobody)
Brexit Cover Story: Please Don’t Go Der Spiegel (resilc). A little late. Germany has been running the Eurozone (not that the EU is the Eurozone, but the Eurozone gives EU members an idea of what greater integration might look like) as the Greater German Co-Prosperity Sphere.
Brexit fact of the day Tyler Cowen (resilc)
Robots May Pay Taxes Under European Proposals Newsweek (resilc)
China second tier city bubbles begin tightening MacroBusiness
Big Brother is Watching You Watch
Federal Court: The Fourth Amendment Does Not Protect Your Home Computer Electronic Frontier Foundation (Chuck L). Lordie.
Google is the World’s Biggest Censor and Its Power Must Be Regulated USNews (Bill B). Today’s must read.
Is the US Pursuing a Rogue Policy by Waging Undeclared War Against Russia? The Nation (resilc)
Imperial Collapse Watch
The Coming End of the EU-USA Military Industrial Complex? Counterpunch (resilc)
Clinton E-mail Tar Baby
CLINTON FAILED TO HAND OVER KEY EMAIL TO STATE DEPARTMENT Associated Press (resilc)
The Clinton Foundation – warts and all Sic Semper Tyrannis (Chuck L)
Emails: State Dept. scrambled on trouble on Clinton’s server Associated Press (furzy)
Bernie Saynders: Here’s what we want Washington Post (furzy)
Are Bill and Hillary Still Making a Mint Off Pardoning Mark Rich? American Spectator. Resilc: “A golden oldie”.
Elizabeth Warren’s Endorsement of Hillary Clinton Is a Shrewd Move Esquire. Resilc begs to differ.
Finally…….Trumps Puts The Wood To Hillary, Appeals To Sanders Supporters, Too David Stockman (resilc)
Donald Trump’s speech about Hillary Clinton was terrifyingly effective. Slate (resilc). Despite the screeching of the Acela corridor media, the people I know who listened to it gave it good marks. Not a 10, more like an 8.5. But still…
Trump and Clinton Place Bets to Woo Undecided Voters Bloomberg (resilc)
Trump: The Descent by Elizabeth Drew New York Review of Books
What Republicans’ Obstruction Costs Them Bloomberg (furzy)
This US City’s Move to Divert Great Lakes Drinking Water Is Just the Beginning Motherboard (resilc)
Omar Mateen’s ‘gay lover’ says Orlando attack was about revenge – not Isis Independent (JTM). Not that anyone will try to change the now-well-established narrative…
Orlando police chief blames Mateen for any Pulse victims killed by police McClatchy (resilc)
The Daily 202: House sit-in guarantees gun control will be a top issue in fall election Washington Post (furzy) Lovely. The Democrats will make theater over ineffective reforms, which will lead gun enthusiasts to stockpile more arms and ammo.
The next recession is already here—and there isn’t much the Fed can do—commentary CNBC (furzy). A big part of the reason we are in this mess is the mistaken idea that the Fed can do much about recessions. Monetary policy is asymmetrical in its effect. It can do a lot to dampen activity but not much to stimulate it. But the neoliberals who have fallen for the loanable funds fallacy believe otherwise.
Volkswagen to Pay Over $10 Billion to Settle Emissions Claims From U.S. Owners Wall Street Journal
European bankers to politicians: Save us from the Americans Politico (margarita). What this Eurobanker friendly story fails to mention is the reason American banks would do better is that US banks went into the crisis better capitalized than US banks and after the criss, the US banking regulators were tougher about making them hold more capital than the Europeans were. Plus more and more economic research confirms that out-sized banking systems are bad for economic growth, so shrinking Eurobanks (and US banks) would be a good thing in the long haul.
The Most Important Agency You’ve Never Heard Of Washington Monthly. Haha, I bet many of you have heard of it!
House Republicans Think the Fed Is In Conspiracy With the Rich: Are They Right? Pam Martens and Russ Martens (Glenn F)
Goldman Sachs to drop on-campus interviews Financial Times
Beyond Meritocracy Stumbling and Mumbling
Underneath Five-Star Veneer, High-End Restaurant Employees Get Worked Over American Prospect (resilc)
Antidote du jour (Kittie Wilson via Lawrence R):