Death Toll From Italy Earthquake Rises to 247 Wall Street Journal :-(
What Were Blogs? New Republic. And how many times has blogging been declared to be dead? And calling Gawker a blog is a category error. As the Columbia Journalism Review pointed out, what matters is the activity, not the platform. Journalism is journalism whether done in print, on television, or on blogging software. Gawker was a celebrity/gossip magazine on blogging software. It was managed on old media lines with some new media tweaks (editors, even famously fostering intense competition among writers by tracking how many reads an article and IIRC tying pay to traffic).
Vice chief predicts old media ‘bloodbath’ Financial Times
Big Banks Want to Use Digital Cash to Cut Costs and Speed Transactions Bloomberg. Note this is to advance a pet bank objective: “freeing up capital” so they can go leverage themselves in other ways. Also note banks want to minimize float now that ZIRP makes it worth nothing to them. And logically, if this makes transactions clear faster, how does this help regulators exactly? That would seem to make it harder to intercede in the event of money-laundering.
Brexit costs will be felt soon enough Financial Times
US Treasury slams EU tax probes ahead of possible Apple verdict Politico. Get a load of this, quoted from a Treasury blog post:
Furthermore, it is possible that the settlement payments ultimately could be determined to give rise to creditable foreign taxes. If so, U.S. taxpayers could wind up eventually footing the bill for these State aid recoveries in the form of foreign tax credits that would offset the U.S. tax bills of these companies.
As if the EU should be in business of worrying about US tax law, particularly since the US is virtually the only country that takes the position that it can tax income on a worldwide basis? A Politico daily e-mail also points out:
One of the U.S. Treasury argument is that the Commission “should not seek retroactive recoveries under its new approach.” This is the Treasury wanting to have its cake and eat it. By definition, all Commission state aid cases are retroactive — because they deal with past behavior.
France’s Sarkozy brands burkinis a ‘provocation’ Associated Press (furzy). Lordie. It used to be that “provocation” referred to wearing too little. Burkinis got a following in Oz among non-Muslims when they were introduced there. And I so hate how I look in a swimsuit that I’d much prefer to wear a dive suit if/when I ever went to the beach, and burkinis would make that choice look less odd.
Brazil to finalise Rousseff impeachment Financial Times
Turkey makes first major foray into Syria with assault on IS Associated Press (furzy)
Syria regime, Kurds blast Turkish incursion Middle East Online (resilc)
Kurds Lose Out As Neo-Ottoman Turks Steal Syria’s Jarablus Moon of Alabama. Wat flags the comments.
US to Send More Troops to South Afghanistan to Resist Taliban Gains Antiwar (martha r)
Scottish football fans raise over 100,000 pounds for Palestine following flag controversy” Mondoweiss (Judy B). One factor may be at the beginning of every soccer game in the UK, they read out the names and ages of young men who’ve died recently in the Middle Eastern wars.
Imperial Collapse Watch
Summer Study on Autonomy Defense Science Board. Martha r: “June. The Pentagon’s plans for robotics.”
Clinton Foundation Investigation Update: Key Details About Financial And Political Dealings International Business Times (martha r)
Protests Target Clinton Fundraiser at Hollywood Home of Pro-Israel Mega-Donor Alternet. Small potatoes as far as numbers go, but in a wealthy enclave, small crowds are so unheard of as to seem more significant.
How to Save the Clinton Foundation New Yorker (resilc). Since when should someone care to “save” a cancer?
Why The Clinton Foundation Is Gross American Conservative
As Secretary of State, Hillary Clinton Hosted at Dinner a Ukrainian Donor to Family Foundation Wall Street Journal. So Hillary is a Putin stooge too?
Farage’s Brexit message woos Trump fans Financial Times. A contact gave the Trump/Farage combo high marks. The MSM also seems to be missing an obvious reason that Trump is making a tour in red states: he’s testing his revised messaging before low-risk audiences. Also see FT commentariat hatred for Farage, who is a rank opportunist. But so are the pro-City Labour MPs but they carry it off with much more finesse.
The Obamacare Death Spiral PopularResistance (martha r). A very pointed, high-level critique. Worth circulating to Obamacare defenders (particularly those who have employer-provided insurance).
Public Option Would Fix Health Insurance Marketplace American Prospect. Help me. So the Vichy Left is reviving a negotiating ploy as if it was a serious idea? Resilc: “10k a year cost+deductibles for someone making 10-20$ an hour=worthless.”
Police State Watch
NYPD won’t share actions against disciplined cops New York Daily News (martha r)
Howard Johnson’s restaurant to close, leaving only 1 more Washington Post (resilc). OMG, these were icons when I was a kid! When on road trip (and those were the norm, flying for vacations was expensive for families in the 1960s), HoJos were the highway purveyor of reliable middle America food. But as standards improved, HoJos stayed in a time capsule.
Commission to look at fees Virginia Retirement System pays managers Roanoke.com (DO)
Paid Sick Leave Reduces the Flu Rate ‘Significantly,’ Paper Says WSJ Real Time Economics (martha r)
Vietnam woman ‘cuts off limbs for insurance payout’ BBC (Dan K). A really horrible variant of the neoliberal principle, “Die faster”.
An Arkansas Judge Sent A Cancer Patient To ‘Debtors’ Prison’ Over A Few Bounced Checks Huffington Post (Bill Black). Overlaps with Black Injustice Tipping Point. The man profiled in the article is black and the practices are similar to Ferguson, so one wonders if a black or largely black community is the focus of a shakedown.
Great Minds Think Alike Corey Robin (Randy K). On organizing by adjuncts.
Unpaid, stressed, and confused: patients are the health care system’s free labor Vox (Dan K). From June, but still important. Nowhere does it say single payer is the solution.
Antidote du jour (Barbara B):