India Plants a Record 50 Million Trees in 24 Hours Smithsonian Magazine (David L)
Something Is Causing Siberia’s Tundra to Literally Bubble Underground Motherboard (resilc)
The Chances of Another Chernobyl Before 2050? 50%, Say Safety Specialists MIT Technology Review
We need to eat less meat. Should the government step in? Washington Post
Amazon Patents Way To Turn Lampposts, Church Steeples Into Drone Perches Consumerist (Dan K)
Merkel offers May breathing space on invoking Article 50 divorce clause Financial Times. Note that all that Merkel did was reaffirm her position.
LABOUR LEADERSHIP BETTING: Owen Smith’s odds are tumbling Business Insider. Smith was going to call for new elections if he won.
Brexit Blues London Review of Books (resilc)
UK probes Unaoil for ‘bribery, corruption and money laundering’ Petro Global News (thedr)
Nigel Farage announces European referendum tour Politico. Wowsers.
Smashing the Orwellian ‘globalisation’ cell Defend Democracy
The blatant pillage of Australia’s youth MacroBusiness
‘Fraud’ Alleged in NYT’s MH-17 Report– Consortiumnews (EM)
Turkey’s Erdogan declares state of emergency after coup bid Reuters. Three months!
‘The US Congress must stop the war crimes in Afghanistan’ unbalanced evolution
Clinton E-mail Tar Baby
Was Hillary Clinton’s Email Hacked? The Case AntiWar (Wat). From last week, still germane.
Does Lucifer in fact inhabit the corpus of Hillary Clinton? Tyler Cowen. I have no idea what to make of this post but the headline was terrific clickbait.
Chamber of Commerce May Prefer Hillary Clinton to Donald Trump Intercept (Dan K)
Republicans’ Scary Plan to Restore Glass-Steagall Bloomberg (Dave J). As we discussed yesterday, the odds that the Republicans will follow through are nada; this is basically to allow Trump to thump Hillary on her bank ties. But big banks do not like being trash talked, hence articles like this
Two Views From the Right, on Republicans of Tomorrow Bloomberg (resilc)
Obamacare: Covered California’s health plan prices soar Mercury News (EM)
Why Does Crime Feel Exponentially Higher, When It’s Materially Lower? EconomPic (resilc). Who thinks that? Crime was way worse in the 1970s and 1980s.
Police State Watch
Is Blue Lives Matter a Racist Hate Group? Alternet (Dan K)
A Mormon Tycoon Wants to Build Joseph Smith’s Mega-Utopia in Vermont Bloomberg (Richard D)
Self-Serving Obama-Sponsored Study Concludes “Student Debt Helps Economy”; Mish Rebuttal Michael Shedlock. I lack the energy to shred this study and Shedlock makes some valid points (with the usual caveat about his anti-government fixation). Of all people, Jamie Galbraith would probably agree, since in his book The Predator State, he argued basically 1. That the US could over-invest in college degrees, that its value was in giving students a general level of training that then could be used by a wide range of employers. Now a decade later, with employers unwilling to train people, students are looking to college more as routing them to specific careers, something that was never a big issue in my day. Demand for college grads was strong enough that if you majored in something not perceived to be flaky and did well, you could get a job. 2. Galbraith was particularly leery of societal overinvestment in gradate degrees. Basically they entail a lot of cost (in $ and time) in making people narrowly skilled. You get a payoff it if all works out but if it doesn’t, you are worse off than if you hadn’t gotten the degree. 3 What Shedlock does not quite nail is that the value of college education is at least in part the screening to get in, and the people good enough to get in might have done well or very well with no college education. Not sure I buy that since the bias among employers towards individuals with college degrees is high, and the ventures most likely to succeed are ones started by people with industry expertise who see an unfilled niche, and high school graduates do not fit in that category.
Antidote du jour: