Scotland Waves Hello to the World’s First Tidal Power Farm MIT Technology Review (David L)
Someone Is Learning How to Take Down the Internet Lawfare (Lulu)
China Ups the Game in the South China Sea Pepe Escobar, Counterpunch
US ambassador slams Chinese bribes MacroBusiness
NAM and NaMo: Skipping the Summit Is a Miss for India The Wire. J-LS: “Look behind the oblique headline: interesting summary of state of play of the non-aligned movement and Indian diplomacy.”
EU’s Juncker warns UK on single market BBC. As we’ve been saying…
Michael Pettis Calls Surplus Trade Statements by German Finance Minister “Utter Lunacy” Michael Shedlock (EM)
David Cameron ‘ultimately responsible’ for Libya collapse and the rise of Isis, Commons report concludes Independent. J-LS:: “No wonder he quit yesterday.”
Erdoğan’s Tragic Choice Project Syndicate (David L)
Israel will reportedly get a record $38 billion in military aid from the US Vice. Joe H: “Obama’s parting gift to Netanyahu.”
Imperial Collapse Watch
The U.S. military has a huge problem with obesity and it’s only getting worse Military Times (resilc)
Clinton’s Medical Mistrust Wall Street Journal. J-LS:: “Two in a row– another WSJ op/ed bullseye. Is the Journal changing, or am I losing it?” Moi: Clinton is serving up such obvious material for attack that even the Journal opinion page can get it right.
New Campaign Team Recasts Trump’s TV Image Wall Street Journal
Kellyanne Conway gets Trump under control Financial Times. So the supposedly sexist Trump is taking orders from a woman when he wouldn’t from men….
Gov. Brown Signs Farmworker Overtime Bill Fox40 (EM)
Dakota Access Pipeline Would Lock In Emissions of 30 Coal Plants EcoWatch (Glenn F)
EpiPen Maker Dispenses Outsize Pay Wall Street Journal. Roy Poses at Health Care Renewal has made this point regularly, albeit not in this detail.
Wells Fargo Can Make Pivot Needed in Wake of Scandal, CFO Says Bloomberg. Resilc: “Pivot to the Crips?”
Obama pledges protections for credit-card users Press Democrat. You cannot make this stuff up.
The Reserve: The Dollar, the Renminbi, and Status of Reserve GMO. Good discussion of the role of reserve currencies.
Carl Icahn: ‘I think it’s very dangerous’ in the market CNBC (fuzzy). Notice how CNBC later changed the title (see v. URL).
Are bonds and equities a bubble? Wrong question… MacroBusiness
Income gains in 2015 don’t reverse long-run trend toward greater inequality Economic Policy Institute
Antidote du jour (Philip P):