Dear patient readers, I’m still not 100% after being sick this weekend, and I am also overwhelmed by the news flow (as in I need to digest in order to write anything worth saying). I am one one level not surprised at the failure to refer Clinton for indictment. Obama endorsing her meant the wrath of the entire Administration would come down on Comey if he pretended he hadn’t gotten the memo; had he wanted to take a stand, his best course of action might have been to resign and refuse to make any comments about the investigation. The real message would be obvious. But on another level, it is nevertheless deeply disturbing to see it happen right on the heels of the outrageous Bill Clinton-Loretta Lynch meeting. And if you have not read it, be sure to see Lambert’s informative parsing of the Comey press release in yesterday’s Water Cooler. There is a ton the FBI chose not to look at and will apparently never be examined despite the stench of corruption.
Legacy of drug lord Escobar’s pet hippos Agence France-Presse (furzy)
This floating garbage collector is longer than a football field — and it could get 1,000 times bigger Business Insider (David L)
Why Tech Support Is (Purposely) Unbearable New York Times (furzy)
MRI software bugs could upend years of research The Register (Chuck L)
Researchers think that they finally know why we get migraines Business Insider (David L)
Chilcot report live: Blair exaggerated Iraq threat and ignored invasion warnings Guardian. Live blog.
Chilcot report: 2003 Iraq war was ‘unnecessary’, invasion was not ‘last resort’ and Saddam Hussein was ‘no imminent threat’ Telegraph. Live blog. I was in Sydney in the runup to the war. It was obvious the US was going in because it had mobilized. The fact that Hans Blix (UN inspector) was in Iraq, and had already inspected 75% of the sites for WMD in order of priority (meaning if Saddam had anything, he was moving it around on trucks and the only people who were at risk were Iraqi citizens) was airbrushed out of the US media and I assume the UK MSM as well.
Long-Awaited Report Criticizes U.K. Decision Over Iraq War Wall Street Journal
Sterling falls to new low in wake of Brexit Financial Times
After Brexit, funds are freezing withdrawals, reviving scary memories of the global financial crisis Quartz (resilc). These are property funds. Anyone who expected them to be as liquid as hedge funds (which also have limits on liquidity) was a dope.
Brexit and the Moral Vision of Nationhood Mere Orthodoxy
I’m done talking about Brexit for today Lisa Pollack, Financial Times
From Brexit to the Future Joseph Stiglitz, Project Syndicate (David L)
Disaster capitalism: the shocking doctrine Tories can’t wait to unleash Guardian (John L)
BREXIT – Part 5: Jim Yardley Bill Black, New Economic Perspectives. Black continues his series debunking New York Times articles attacking Brexit.
After Brexit, people in Europe are suddenly feeling a lot more European Quartz (resilc). Well, only if you ignore the separatists.
The Labour coup knows it’s finished Defend Democracy
May Wins First Vote As Fox And Crabb Drop Out Sky. Lambert: “Note last paragraph.”
Globalisation and polarisation in the wake of Brexit VoxEU. Notice the new post-Brexit buzz phrase: “job polarization”. That translates roughly as “globalization thins out middle/lower middle income jobs in a big way.” The problem is the remedy is typically blather: “We need to redistribute the gains from trade and train the losers.” Sorry, if you believe that, I have a bridge I’d like to sell you. If anyone in authority wants to be convincing, a better start would be way more progressive taxes and much stronger social safety nets, as opposed to vague “redistribute the gains” handwaving. In Europe, BTW that would mean de-emphazing the regressive VAT as a starter.
Top MEPs seek to starve fringe parties of funding Politico. Note the intent is also explicitly to stymie “eurosceptic” parties.
Spain’s Social Security Program Will Go Bust in 2018 Michael Shedlock (EM)
Matteo Renzi is right — Europe has a banking sector problem Financial Times
Why ISIS Persists Project Syndicate (David L)
Death toll in Baghdad car bombing rises to 250 euronews (furzy)
Big Brother is Watching You Watch
The NSA Has An Advice Columnist. Seriously Intercept (Dr. Kevin)
UK Police Accessed Civilian Data for Fun and Profit, New Report Says Motherboard (David K)
Clinton E-mail Tar Baby. The events of the last week will have handed Trump the presidency if he actually wants it and can manage to stay on message. That means no more petty peevish tweets, steering clear of low value targets and low priority issues, and working to correct his image as a bigot (he can’t undo it but he can make is seem like he’s more a lout than someone who actively stymies “out” groups). Even if Trump does not win voters, he can drive more away from Clinton to third parties.
F.B.I. Director James Comey Recommends No Charges for Hillary Clinton on Email New York Times. Putting this in Links so you can natter about it further.
The Hillary Clinton Email Case Will Never Be Over Mother Jones
Did The FBI End Clinton’s Email Problems Or Make Them Worse? FiveThirtyEight (resilc)
What Trump said after the FBI ruled on Clinton’s emails Washington Post. Lambert: “I hate it when Trump is right.”
FBI Director James Comey Just Crushed Hillary Clinton’s Email Excuses Daily Beast (resilc)
Hillary Clinton’s Emails and the Dangers of Conducting Diplomacy in Private Real News Network. Am including this as an example of Dems going into victory lap mode prematurely.
HARPER: HILLARY’S SPECIAL TREATMENT FROM FBI Sic Semper Tyrannis (resilc)
What if Hillary Clinton Were a Whistleblower? Reader Supported News (RR)
Forget It Jake, It’s Clintontown American Conservative
Clinton expands lead over Trump to 13 points Reuters (furzy). Note this poll was conducted over the July 4 weekend. That means it is going to be skewed, since it presumably was a traditional landline poll and you’d get non-vacationers. Just not clear how that skew affect the results.
Here’s President Obama’s “blunt” explanation for Hillary Clinton’s unpopularity Vox. Resilc: “I will crawl to the polls to vote against them.”
Americans’ Reactions to Trump, Clinton Explain Poor Images Wonk Wire (furzy)
Donald Trump Still Finds Few Backers in Congress Wall Street Journal
Donald Trump offers praise for Saddam Hussein at North Carolina rally Guardian. Furzy: “Headline is a bit misleading.”
Republicans Talk a Better Game on the Economy Than Democrats Mother Jones (resilc)
This Is How Many People Police Have Killed So Far In 2016 ThinkProgress (furzy)
The consensus crumbles Economist (David L)
New Study Claims Corporate Executives Intentionally Mislead Investors for Personal Gain Bloomberg (furzy). This is news?
How Ancient Monopolies Keep You from Getting Decent Internet Service Lauren Weinstein (Chuck L)
Report: 99% of Post-Recession Jobs Went to Those Who Went to College Wonk Wire (furzy). As resilc might say, even if they wound up flipping burgers.
Antidote du jour. Bubba Gump: “July 4 in the back yard, a lone fawn taking shelter from the rain.