Horses Can Learn To Communicate Specific Needs To People PopSci (Robert M)
Mark Zuckerberg and Priscilla Chan’s $3 billion effort aims to rid world of major diseases by end of century,” Washington Post. Bill B: “Zuckerberg is pulling a Rockefeller, trying to wipe the dirt off his name with philanthropy. That Ivy Lee was a clever fellow, no wonder Rockefeller hired him.”
Bahamas files leaks expose politicians’ offshore links Guardian (Richard Smith)
Amber Rudd and Monticello: an ill-fated step in a complicated career Guardian. Richard Smith:
The Amber Rudd story is a bit of an eye opener (she’s Theresa May’s successor as Home Secretary and so I suppose just one Brexit cockup away from the top job). I remember her father Tony Rudd from numerous mid-80s pump and dump allegations. I never realised they had anything to do with each other until now. Anyway Amber seem to have inherited the family pump and dump business
China’s prudential housing bubble bind MacroBusiness
Target Zero a “Commitment to be Irresponsible”: Latest Insanity from Bank of Japan Michael Shedlock (EM). Amusingly, Mish does not recognize that the economic impact of “consumer price deflation” of which he approves, is the same as “rising real worker wages” which the US can do without creating much (if any) inflation because….drumroll…profit share of GDP is at a record high. Businesses have plenty of room to raise wages and be plenty profitable. But they’ve gotten hooked on a level of profits nearly double that which Warren Buffett deemed to be unsustainably high in the early 2000s.
The City of London strategy for Brexit talks faces hurdles Financial Times
Why there should not be a General Election ‘about the EU’ – and why the UK isn’t a democracy British Politics and Policy at LSE
Minsky Meets Brazil Part IV New Economic Perspectives. Has links to earlier installments.
Imperial Collapse Watch
Saudi Arms Deal Backed By US Senators Who Got Cash From Weapons Contractor That Will Benefit International Business Times
Saudi Arabia’s Clout in Washington Isn’t What It Used to Be Bloomberg (resilc)
Trade Agreements and the Globalization of Fascism Defend Democracy
Hillary Clinton Leads Donald Trump by 6 Points in WSJ/NBC News Poll of Likely Voters Wall Street Journal. Looks like a bounce after the 9/11 health incident.
If You Vote For Trump, Then Screw You GQ (Randy K)
How Trump Could Win the Debate Politico
Whom Should We Blame for Our Deranged Democracy? William Greider, Nation. Many great observations, like: “The Democratic Party is now simply a mail drop for political money.”
Progressives Are Targets of Hillary’s “Basket of Deplorables” Speech Counterpunch. Quelle surprise!
Trashing the white trash: Hillary and the new bigotry spiked (resilc)
The Clinton Foundation Is Reportedly Laying Off Dozens of People Vanity Fair. Resilc: “Maybe we can do an aid concert?”
Ex-Red Sox pitcher ‘Spaceman’ brings curveball politics to Vermont guv race. Fox Resilc: “Oct. 6, do not miss THIS debate!!!!”
Bernie Sanders: The ‘Nation’ Interview Nation (Kevin C)
Black Injustice Tipping Point
Governor Declares State of Emergency in Charlotte Associated Press
In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses Gretchen Morgenson, New York Times
The Wells Fargo Scandal Was By Design Ian Welsh (Chuck L)
Does a Golden Parachute Await Wells Fargo CEO John Stumpf? Real News Network. Bill Black interview.
Cooperman Says ‘I Won’t Let These People Destroy My Legacy’ Bloomberg. I was at Goldman when Cooperman was head of the research division. He was the only guy in the firm to have the guts to object when the J. Aron acquisition (which was a horrible peak of commodities market deal, it immediately started hemorrhaging losses) was being rammed through the partnership by the management committee (it was a revealing lesson on how partnerships really work). But that doesn’t say anything about his recent conduct. John Thain, who I also knew as a young thing at Goldman, was a good guy back then. It’s been revealing to see how malleable most people’s values are as they’ve decayed on a societal level. But the flip side is it would be really embarrassing to the SEC if Cooperman is proven correct and he made his stock pick solely based on research. The SEC is a one-trick pony and pretty much only does insider trading cases. If it can’t even tell a real case from a not real one there, what is it good for?
Overcapacity Macro Man (resilc)
Wal-Mart pays quarterly bonuses to more store employees Reuters. EM: “Contrast with I make $13/hour at Walmart. I don’t always get a bonus, but the CEO does” CNN
Forensic techniques sending people to prison may not be scientifically valid Verge. Resilc: “But works on TV.”
Antidote du jour (yahoo7):