Links 9/30/16

Reflective Camouflage: The Mirror Spider is Covered in Controllable Reflective Patches Core77 (resilc). This is cool.

Dogs ignore bad advice that humans follow ScienceBlog (furzy)

Hundreds of new dams could mean trouble for our climate Science (Dr. Kevin)

First it was Samsung phones. Now it’s exploding Samsung washing machines Washington Post (Dan K)


Make no mistake, Britain is not a world-beating economy Martin Wolf, Financial Times

May’s Real Opposition Lies in Tory Ranks as Brexit Splits Emerge Bloomberg

Sadiq Khan confirms ‘London work permit’ plans to stop post-Brexit exodus Standard. Huh? The issue is that UK-domiciled individuals will face restrictions on selling products into the EU. This is not something the UK can solve unilaterally, and the EU countries have no reason to play ball. Anglo-style finance has not been their friend, and to the extent they have it, they first want to favor domestic champions and second increase employment in their countries. Nothing in this fantasy changes the incentives of EU members to take as much out of London as they can.

Liam Fox looks to WTO in hint at ‘hard Brexit’ stance Guardian (MCC). More Brexit fantasies. The WTO is not a default; it has to be negotiated and that takes years, well over five and easily ten.

Ken Clarke: Theresa May has “no idea” what to do about Brexit New Statesman. Deadly.

What does ‘hard’ or ‘soft’ Brexit mean? BBC. Vlade:

Looks more and more like UK gov’t is in a gambling mood. “[…] initial goal once Britain has left the EU, another option is to apply to ‘grandfather’ the present trade arrangements with Europe (that is the free movement of goods, services and capital) and then see what the EU’s response is.

“Would EU member states really start applying tariffs unilaterally, the question in Whitehall is asked, in the knowledge that the UK would respond in kind.”

a) it’s not about tariffs (which they still don’t seem to get)
b) it’s not about EU member states, it’s about EU rules. The guys at the borders would have no choice but to stop the UK shipments and run them through the normal non-EU goods procedures.
c) basically they are betting that EU would allow en-masse breakage of rules because of the UK – because if the rules-of-origin, rules-and-regulations compliance go out of window for UK trade, then anyone can use this lever.

So the govt it’s a bit like Nazis taking small steps in Europe, betting that no-one is willing to compromise (trade) peace even if it means throwing all sorts of rules and laws under the bus. What the UK govt still fails to understand is that yes, the UK is an important trade partner for EU, but EU is VITAL trade partner for the UK (as in when 40% of your exports stop overnight, your economy dies).
I cringe at the idiocy of the people in power.

…and d) They seem to truly believe that negotiations are best conducted by putting a knife at someone’s throat.

I’m afraid they will find their knife is made of rubber, and that that someone is a 500 pound gorilla with a steel bicycle chain in hand.

The Real Scandal Behind the Panama Papers Vanity Fair (resilc)

India Raids Pakistan, Claims “Significant Casualties” Inflicted: Don’t Worry It’s Just a “Surgical Strike” Michael Shedlock (furzy)

Brussels decides against fining Portugal, Spain Politico. No fines for breaking budget rules.

Refugee Crisis

Turkey hoards well-educated Syrians Politico. One of the reasons that Merkel supported taking Syrian refugees is that Syrians have high educational attainment and good schools. But she’s been outgamed.

Fear, suspicion as French hamlet anticipates Calais migrants Associated Press (furzy)

Hot Mess: How Goldman Sachs Lost $1.2 Billion of Libya’s Money Bloomberg (resilc)


On Repression in Ukraine Defend Democracy


Three Questions Facing the Mosul Operation National Interest Blog (resilc)

Russian military says it’s ready to talk to US about Aleppo Associated Press

Abby Martin: “How Palestine Became Colonized” Dandelion Salad (Judy B)

Iceland’s Capital Votes To Boycott All Israeli Products Waking Times Media (Judy B)

Big Brother is Watching You Watch

Hackers Infect Army of Cameras, DVRs for Massive Internet Attacks Wall Street Journal

Yahoo says hack of 500 million users “state-sponsored,” but a security firm calls bullshit Boing Boing (resilc)

Amazon Algorithm Makes Decision about WOLF STREET, Hilarity Ensues Wolf Street (EM)

Imperial Collapse Watch

DANGER – Tensions rising sharply between nuclear superpowers Defend Democracy

The Wholesale Failure of American Foreign Policy American Conservative (resilc)

U.S. Military Is Building a $100 Million Drone Base in Africa Intercept

Clinton E-mail Tar Baby

The FBI director can’t defend immunity for Hillary Clinton’s aides—which says volumes Wall Street Journal (g)


Pornhub viewership dropped 16% during Donald Trump and Hillary Clinton’s first presidential debate New York Daily News (Richard Smith)

Why Black People Need to Reject Trump’s Anti-Immigrant BS VICE. Resilc: “Will you should me how it is in the ECONOMIC INTERESTS of black people, at least the non elites, to have more immigration?”

Trump Set to Benefit From Ohio Senator’s Voter Efforts Wall Street Journal

Obama scapegoats third-party voters to distract from Clinton’s enthusiasm problem Shadowproof (Judy B)

‘It’s not about voting for the perfect candidate:’ Michelle Obama begs young Pennsylvanians not to cast a protest vote against Hillary – warning they could help elect ‘her opponent’ Daily Mail (Li)

US presidential candidate Gary Johnson fails to name a foreign leader he admires Guardian (resilc)

The Computer Voting Revolution Is Already Crappy, Buggy, and Obsolete Bloomberg

Employment picture darkens for journalists at digital outlets Columbia Journalism Review. Note this part:

A recent report by Mother Jones in which a senior reporter worked four months as a corrections officer exemplifies this tension. The massive 35,000-word report exposed corruption in private prisons but conservatively cost $350,000 to produce and only brought in $5,000 in banner ads.

White House Is Profoundly Wrong About the Most Embarrassing Thing Senate Has Done Intercept

Marijuana Arrests Are At a 20-Year Low Motherboard

Black Injustice Tipping Point

UN Says ‘Racial Terrorism’ Against Black People in the US Endures, Calls for Reparations ThinkProgress

Wells Fargo

Clawbacks become a vital weapon in finance Gillian Tett, Financial Times

Lawmakers suggest Wells Fargo chief should face criminal charges The Hill

Wells Fargo Troubles Mount With Penalty for Soldiers’ Loans Bloomberg

Deutsche Bank

Deutsche Bank Slumps as Hedge Funds Reduce Exposure Bloomberg. Note that these are big boys…although some of the action is in response to pressure by their investors. However, the stock is flirting with the €10 perceived danger zone. This may be the prod for investors to pull back from this toppy market.

Deutsche Bank’s Clients Take Steps to Cut Exposure Wall Street Journal

The Deutsche domino FTAlphaville (Richard Smith). But Deutsche would need to have a liquidity crisis, as in be unable to access the financial market. This isn’t even remotely like Lehman, since investment banks funded about 50% of their balance sheets with repo. Repo tenors had shortened to overnight and counterparties were increasing their haircuts on collateral, with haircuts on CDOs going to over 95%, meaning no one would accept them. By contrast, it’s hard to imagine that the ECB isn’t on this case.

Pressure is building for Germany to show it’s ready to rescue Deutsche Bank CNBC. Doesn’t really explain the politics. The Germans insisted on ridiculous new bail-in rules. They might be dumb enough to try to force Italian banks to do bail-ins (the Germans have to date been unwavering), but that would simply lead to vastly more pressure on DB. So the simpler way for investors to break the Rube Goldberg non-rescue new regime is to go after the clearly TBTF DB.

US seeks pre-election settlement of bank mis-selling claims Financial Times. This works greatly to the advantage of Deutsche. Perceived deadlines in dealmaking means the other party can get concessions easily. Moreover, this story makes official that the DoJ is even less keen than usual to litigate, which again weakens its bargaining position.

R.I. pension system to drop more than half of its hedge-fund investments Providence Journal (Larry A)

Guillotine Watch

From a $50 burger to a $1,000 tasting menu: S.F.’s most outrageously priced food SFGate (Kokuanani)

What Does a $5 Million Townhouse Look Like in Three Different Cities? Bloomberg. And note that $5 million is couch lint for the 0.1%. There are more people than you want to think running hedge funds and PE funds who make $100 million or more a year.

Chelsea Clinton Uses Private Jet to Travel to ‘Clean Energy’ Roundtable Washington Monthly (Dr. Kevin)

Class Warfare

Why Better Wages Are Tied to Healthcare Costs Barry Ritholtz (resilc)

Elizabeth Warren Trains Her Sights on a New Target Bloomberg. On the student loan front.

Antidote du jour. Craig H: “Our cats, Bill and Ted, were thrilled with the new house, particularly with the birdbath, which I keep cleaned and filled for the local avifauna—a Catflix for the boys’ viewing pleasure.”. Moi: So nice that he has presumably unrelated males that get along. Mine only occasionally looked like a happy family.

Bill and Ted watch birds links

And a bonus gif (Robert H):

Dogs eating ice cream

See yesterday’s Links and Antidote du Jour here.

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  1. Jim Haygood

    ‘Pornhub viewership dropped 16% during Donald Trump and Hillary Clinton’s first presidential debate’

    Sixteen percent of porn hounds would rather watch this dismal, unerotic pair carp at each other, in preference to ‘sex’?

    Believe those are what Sixties college professors used to call ‘preverts.’ Scary.

    1. makedoanmend

      Any ideas about what non-porn viewers who watched the “debate” are to be called?:

      a. new pornsters – prefer to switch to porn
      b. debate sadists
      c. lesser evil fandoms
      d. Chluthu seekers


      oh, my eyes are burning, my ears are bleeding, and my brain is turning to goo

    2. John Wright

      Perhaps the porn viewers interrupted their regularly scheduled program because they wanted to see what the MSM and politicians had to offer in staged, unrealistic and unbelievable media events.

      Maybe there was an unusual uptick at Pornhub immediately after the debate as some debate viewers attempted to cleanse the debate images from their minds?

    3. Optimader

      A sadomasochism / humiliation porn enthusiast subset zero sum game with a nationally broadcast intellectual porn event

    4. fresno dan

      Jim Haygood
      September 30, 2016 at 8:07 am

      OK, OK!!! I confess – it was me. I have to say, I am somewhat surprised that my porn consumption comprises only 16% of the total during that interval.
      And to use one of Trump’s favorite words, the debate was far, far, far, (did I say “far”?) more DISGUSTING than anything I have ever seen on Pornhub…

    5. Arizona Slim

      I was on a cross-country flight during the debate. Believe me, I tried to sleep through it. I really did.

      Unfortunately, I was on a plane full of people who were watching it on phones, tablets, and laptops via Southwest’s in-flight WiFi. Thanks a lot, SWA.

      Fortunately, I didn’t have headphones with me. Which meant that I couldn’t listen in.

      I found the candidates’ body language to be quite telling. Trump looked like he was getting more and more flustered. Clinton looked like the cat that ate the canary — and really enjoyed the meal.

      As for eroticism, sorry. None of this year’s four major candidates come close to that.

    6. jonboinAR

      If most debate viewers are regular people, then that could be a bad sign about regular people. “What are you doing when no one’s around”?

  2. EndOfTheWorld

    In other news, Duterte Harry, the rambunctious prez of the Philippines, told the EU, “Fuck you!” Then, just in case there was any misunderstanding, he repeated the impertinent pronouncement.

  3. Alex morfesis

    Pseudoscience on methane from new dams…research paid for by petro industry ?? ROV research, which is the equipment used to “try” to analyze these non surface phenomena, is mostly funded by industry, who have not been forthcoming with their “findings” such as dr ballard and the nautilus “noticing” the dispersant used to deal with the deep water horizen gulf spill was as bad for corral as the oil itself…

    The use of stereoscopic cameras on rovs and sonic multibeam sonar which can capture maybe 500 ft at a time and unless locked and monitored, is exceptionally difficult to call “established” science…

    This is a bit of a new field with excited private companies selling formerly classified research instruments as godlike…the same folks who bring us “modern” super weapons that only function on cad animations…

    (Worked in trying to convert “treasure hunter” into “marine archeology” research media company and had to learn this rov and auv stuff)

    Bubble insonification…bah humbug….

    1. nowhere

      Following the links in the original article, and researching the latest numbers for CH4 release due to fracking article, I think this is the key point:

      On a global basis, the CO2 flux from reservoirs was only equivalent to 4% of other anthropogenic emissions of CO2, but the CH4 flux was equal to approximately 20% of other anthropogenic CH4 emissions. These large estimated CH4 fluxes from reservoirs exceed estimated fluxes from rice paddies or biomass burning worldwide.

      It’s another source of emissions that has not, generally, been accounted for during emission modeling.

      1. Alex morfesis

        What I was suggesting is that there is “modeling” & “guesstimating” being done off of equipment and readings that are not based on reliably vetted systems and technologies…

        underwater vaporware being sold as fact…

        Conclusions being drawn while analytics and algorithms are still being calibrated in a new area of science…to draw conclusions on facts you know or should know are being drawn from equipment or testing that is not yet deemed reliable is sad and unwarranted to draw conclusions from….

          1. alex morfesis

            as I was saying before I was so lovingly interupted…

            The swath width of the acoustic beam on a moving
            ship leads to a distortion of the actual width of the bubble
            plumes. The widths of the acoustic signals therefore overestimate
            the width of the bubble plumes in the water column
            by about as much as the swath width

            did you read the link before you sent it…

            or does the echo of my sirenating so disrupt your dissonance…?

            distortions exists and the issue is are they reliable readings ?…reliable enough to draw such dramatic conclusions…

            it would have been perfectly fine to be forthcoming and suggest that they would like further funding to see if their “theories” match up with their “assumptions” based on weak but “significant” data…

            that is not what a casual reader might get from the headline and article…

  4. OpenThePodBayDoorsHAL

    Goldman made $1.2 billion betting against just one of their own Hudson CDO muppet deals, it’s too bad none of the widows or orphans who got robbed dropped by their offices to scream “I’m going to f*cking kill your whole family!” and “I will make you disappear! Nobody will ever hear from you again!”

  5. Otis B Driftwood

    Dogs eating ice cream made me laugh out loud. Thanks, Yves, I needed that.

    The Johnson failure, for me, speaks more about the triviality of our political process. Politico followed this up by publishing a story (to which I will not link) claiming that Jill Stein, who responded with a tweet saying she admired, among others, Wangari Maathai and Berta Cáceres (a dig at Clinton), also failed to name a world leader.

    Politico made this claim by adding the post facto requirement that the question be an “elected” world leader.

    Can anyone actually name an elected world leader they actually admire? Even with the benefit of Google, the best I can do is Alexis Tsipras of Greece.

    Maybe this will lead to a serious and focused examination in our mainstream media about the preponderance of ignorance in the United States about the world around us? And the current absence of elected world leaders worthy of our admiration? Then again, maybe not.

    1. cocomaan

      Remember, that even if you give an answer (Trump/Putin), it’s also declared wrong.

      What people in the press and otherwise are demanding is a nice, sterile, unthreatening answer. Clearly, that makes the only acceptable answer to this questions is Aung San Suu Kyi, because you can hit all the high notes of Washington insider bullshit:

      * Someone people might have heard of
      * a woman
      * a friend to the West
      * unthreatening

    2. temporal

      Not having an answer to the name an admirable current elected world leader was part of what made it a trick question. Conflating knowledge with respect. Though I suspect that given Johnson’s conservative views that he would have had a larger pool from which to select if he had any reason to want to find out. Hillary even more so.

      Even back in the day Reagan and Thatcher pretty much only had each other.

      How would most of the current world leaders answer the question?

    3. none

      Can anyone actually name an elected world leader they actually admire?

      Not today, but the Icelandic Pirate Party is looking good to win a plurality in the Icelandic election in October, making one of its members the PM. Several of the candidates I’ve seen mentioned seem excellent.

      And of course, a zinger for Stein would have been to mention how the Democrats rigged their primary to prevent Bernie Sanders from becoming POTUS.

      1. Pavel

        She could have mentioned Nicola Sturgeon, first minister of Scotland. She is fab — great anti-nuke and antiwar policies along with the social stuff.

        However, I confess I had to think hard to find a leader I did like! Other (despised to one degree or another) were Netanyahu, Hollande, T May, Putin, Trudeau, Merkel.

        Trudeau alas true to form and prediction is turning out to be a rather spineless neoliberal. Still, vastly better than horrid Harper.

        1. jonboinAR

          i actually like Putin. I think he’s working hard to advance his country’s interests, and he bailed out Obama when he’d backed himself into a corner vis attacking Syria in ’13, or something. But few others seem to admire him, so he’s probably despicable for reasons I’ve not been made aware of.

    4. OIFVet

      You are all un-American. The right answer today is ‘Barack Obama.’ In 2007 the right answer was ‘George W. Bush.” Come on people, the elected leaders of the only exceptional nation are by definition the creme de la creme, and thus worthy of admiration. So worthy, indeed, that Chris Matthews had a thrill up his leg when Obama was merely a candidate.

    5. lyman alpha blob

      Yes there aren’t many admirable ones actually holding the top office of their country.

      Although not the PM (yet) Corbyn comes to mind.

      Other than that [and at risk of prompting a pointed rebuttal from Mr. Haygood ;) ], I’d say Maduro, Correa and Morales for those who are actually leading their nations. It’s hard to really know how decent they are with all the US sponsored propaganda against them but it seems to me that they’re at least trying to create better countries for their citizens. I am disappointed that Correa seems to have let up somewhat on keeping Ecuador’s oil in the ground though.

      Although far from an expert on Uruguayan affairs, that country seems to be headed in the right direction although I couldn’t name its current leader without looking it up.

      Other than that nothing comes to mind…

      1. oh

        He was a leader (and still is but retired) who was one of the people, for the people and very humble.

  6. Jim Haygood

    Speaking of “pre-election settlements” …

    The Obama administration is maneuvering to pay health insurers billions of dollars the government owes under the Affordable Care Act, through a move that could circumvent Congress and help shore up the president’s signature legislative achievement before he leaves office.

    Justice Department officials have privately told several health plans suing over the unpaid money that they are eager to negotiate a broad settlement, which could end up offering payments to about 175 health plans selling coverage on ACA marketplaces.

    A settlement probably would rely on Treasury’s Judgment Fund, a 1950s creation that is allowed as much money as it needs to satisfy valid claims against the government. The fund’s website shows that it has been used for a few hundred claims against HHS in the past decade. Taken together, they amounted to about $18 million — a fraction of what the insurers are owed.

    Alert readers will recall the formerly obscure Judgment Fund: just months ago, 0bama and his accomplices raided it in 13 equal increments of $99.999 million (to evade reporting limits) and flew part of it to Iran as pallets of cash, breaking dozens of federal laws in the process.

    Having pulled off this bold daylight heist without getting arrested, 0bama’s ego has inflated to the point that he imagines himself invulnerable to law enforcement.

    Now the US banana republic has degenerated to the point that the ‘president’ not only can order executions at will, but also raid the Treasury for unauthorized billions to grease the palms of a favored industry.

    ‘Chicago values,’ comrades. And with the lovely Hillary Rotten Ceausescu in the White House, we they can help themselves to four more years of glorious Chicago values.

    1. cocomaan

      I wondered if flip side of this is that Obama is doing a “scorched earth” campaign, making sure that the Judgment Fund is abused until it is no longer a politically viable apparatus in case Trump gets in there or the Republicans continue to hold Congress and throw suits at them.

      It seems like a dangerous precedent to use this Fund as a money printing machine.

    2. SpringTexan

      I dunno, I support this, the congress has sabotaged the ACA by not funding risk corridors. Not that the ACA is great, but this feature was needed to even try to make it work, it WAS promised to insurers, and the government has reneged. Seems like a good idea to me.

      1. hunkerdown

        SpringTexan, why should we save insurers from their own mistakes? Honest, forthright discourse has no room for Democrat Party assertions. We can get more than we want of that just by turning on the corporate bourgeois media. Imaginary friends need to shut their gobs.

      2. jgordon

        Screwing over young and healthy people to make sure old sick people could afford substandard health insurance from for-profit corporations was never going to work.

        The government can open the spigots and just shower the insurance companies with money from now in perpetuity–that might make Obamacare “work”. But as soon as the money is cut off it’ll immediately collapse. Therefore now is as good a time as any to shut it down.

        As for the money being promised to insurers? Oh damn–they certainly bribed enough politicians to get that into the law. I have to shake my head over how sad it is that they might not get there money’s worth from all those payoffs now. It certainly is a shame.

    3. djrichard

      I guess a question is, can they do this on a yearly recurring basis. You know, like appropriations, lol.

  7. efschumacher

    Continuing yesterday’s ‘Self Driving Cars’ thread (because I missed it yesterday):

    Who on earth is going to want to _own_ a self-driving car (OK leaving aside Tesla Disney movie watchers)? I see the future for these as vehicles owned by someone like Uber, or much better yet, your local municipality. They are likely to be dragooned into self-assembling and self-dispersing trains, gathering bodies from distributed suburbs, assembling to multiplex themselves down the highway, then dispersing to the various places of make-work. There will be interchanges of course, probably by a repurposing of parking lots, many of which will no longer be necessary, as many of the vehicles will have no reason to ever stop. (I imagine these to be self-cleaning vehicles too).

    1. Lambert Strether

      > gathering bodies from distributed suburbs

      Suburbs are increasingly where poor people live (since the 10%-ers are gentrifying everything).

      So imagine how self-driving cards would work in say, Ferguson: Joe Sixpack gets in the little grey bug that appears at his door at 8AM to go to work, and finds himself “rerouted” by the software to debtor’s prison because of an unpaid fine… Like everything else, the doorlocks are controlled by software, so he can’t get out….

      Not that I’m foily.

  8. Donotgetlonghairedcats

    I am going insane. I adopted two medium hair kittens from a shelter a year ago, but they shed everywhere. I brush them pretty much everyday, but it’s of no use. I dread having to deal with this for the next 15-20 years. Does anyone have any suggestions or is this just something I’ll have to live with?

    1. Dave

      Get a loom, put some combs in around the periphery of their litter box, OK, I copied that idea from The Swiss Family Robinson, make kitten and later cat hair sweaters, almost as warm as cashmere. Ideal to repulse people who you obviously don’t like who are allergic to cats.

    2. Waldenpond

      You have to live with it. I can fill a brush daily with just one cat. I have developed asthma, so after the cats (15 and 6) pass on, I won’t get another. My favorite in house is the small dog we got April 2015. Not much food or poo. The benefits of a cat (lap) without as much hair and no cat box. Don’t have to board or find a babysitter either. He’s so small (14.5 lbs) that you just load him and go. He even has a Kuryakyn carrier on the back of my motorcycle.

    3. Medbh

      I have three light colored cats and black hardwood floors. I use a programmable robot vacuum, and throw blankets to cover their favorite sleeping spots.

    4. Waldenpond

      Practical suggestions: use ‘sticky’ fabric for bedding. I use flannel as it holds hair well and holds up to weekly laundering. I use several beds (cover cardboard boxes) so they don’t favor beds or furniture. If brushing doesn’t get enough hair out, put on disposable rubber gloves and rub them down, it removes more hair (the rubber brushes work but get brittle quickly and can be expensive. Some cats will tolerate tape lint rollers (mine don’t like them),.

    5. Auntienene

      Get a furminator. Takes a lot of excess hair off. My sister used it on my British shorthair this summer and it was a relief not to get a face full of hair every time I touched her. Roughed up her coat a bit though.

    6. I Have Strange Dreams

      Get them put down. Cats are bird killers on a genocidal scale. Well, you asked for suggestions. I wouldn’t do it myself. Or make them live outside – they’re animals with fur coats for Jesus’ sake.

      1. OIFVet

        Cats are bird killers on a genocidal scale

        So are glass-clad skyscrapers. And if you are so concerned about cats hunting birds, why in the name of logical thinking would you advise to let the cats outside? For the sake of humanity’s average IQ, perhaps you should not procreate.

        1. I Have Strange Dreams

          Hope you feel better after acting out. Must be the PTSD. I have procreated, and I will be teaching my kids stuff -like morality. Weren’t you taught that killing people is wrong, Private?

      2. donotgetlonghairedcats

        They’re indoor cats and afraid of going outdoors (I tried to take them out on a cat leash and they hated it). Most birds are killed by feral cats, not domesticated cats, because domesticated cats never develop their hunting skills.

        1. I Have Strange Dreams

          Sorry my black humor does not translate into print – like I said, I would never countenance putting them down just because they are an inconvenience. I was rude and unhelpful and I apologize to both you and OIFvet. I am a prime example of how normally decent people can be horrible on the Internet. Once again, apologies to all and sorry for lowering the tone of an excellent blog.

  9. allan

    John Cryan goes full Hirohito:

    Deutsche CEO tries to reassure staff as shares plunge [Reuters]

    Deutsche Bank’s (DBKGn.DE) chief executive sought to reassure his staff on Friday that Germany’s largest lender remained robust after its shares again fell to record lows, sending tremors through global financial markets. …

    Chief Executive John Cryan’s letter, seen by Reuters, addressed reports of the departure of a few hedge fund clients, blaming unfounded speculation and “certain forces” that wanted to weaken trust in the bank.

    People familiar with the matter told Reuters that one large hedge fund in Asia had pulled out collateral from Deutsche amounting to $50 million in the last two days, while other sources said this had happened elsewhere, albeit on a small scale.

    On Friday, Cryan sought to put the moves into perspective.

    “We should look at the complete picture,” Cryan said in the letter to the bank’s workers, adding that Deutsche had more than 20 million customers and reserves of more than 215 billion euros.

    “We are and remain a strong Deutsche Bank.”…

    1. Jim Haygood

      There’s a fool born every minute babe
      but this time it ain’t me
      it don’t take 20/20
      to see what I can see

      I don’t want to hear your promises
      I know the truth and you’re lyin’
      it’s all over, all over
      over but the Cryan

      — Georgia Satellites, “All Over But the Cryan”

    2. norm de plume

      ‘We are and remain a strong Deutsche Bank’

      That sounds a bit kiss-of-death-ish.

      Perhaps Deutsche could merge with Wells…. Deutsche Fargo?

      No doubt it would be a ‘bad bank’ – a transatlantic marriage merging Euro-stupid and Merkin-evil.

  10. Jim Haygood

    The Clintons and their private jets … just like pimps cruising in blinged-out Escalades.

    In both cases, it means street cred in their ‘hood.

    1. Pavel

      Speaking of Chelsea, what about that rather cushy $500,000 (or so) per year job she had with NBC a few years back. Doesn’t that represent a slight conflict of interest in their reporting?

      1. Ivy

        NBC and their fellow travelers at ABC, CBS, CNN, Fox et al are way beyond admitting or even pretending to care about conflict of interest. The Fourth Eestate induces viewers to reach for a fifth of some liquid refreshment out of despair.

      2. Pat

        That experiment on their part was a failure. A predictable failure, but a failure. After her first disastrous “report”, she was used for a couple of low interest documentary type features where her on air participation was minimal. I would assume off air as well. Her one year contract was not renewed.

        1. Arizona Slim

          Wouldn’t you love to be a fly on the wall of that non-renewal meeting?

          Boss: “Sorry, Chelsea, but it was a business decision. We’re going in a different direction …”

          Chelsea: “What? How can you do this to ME???”

        2. hunkerdown

          It didn’t need to be. Whatever was being paid for was paid for. Any “work” done by Chelsea was a front.

          1. Pat

            Have to disagree, you have to put her on the air occasionally to justify that “front”. She was so bad on air, that was impossible. And this from a network that has an on going working relationship with Jenna Bush, and a long history with Kennedy off spring Caroline and Maria Shriver, who are all viable on air to varying degrees.

            1. hunkerdown

              Pat, I theorize Clintonland operates according to the laws current best practices of particle physics, in particular, quantum entanglement: that the quid and the pro quo often exhibit phenomena resembling “spooky action at a distance”, and any resource flow impinging on one particle entangled will result in an equal and apposite reaction from another of the particles entangled with the system, with no observable respect of causality as we know it.

              It was a failure in the sense that she was unfit for the sinecure, the arrangement ended, and little useful footage or air time came of it. It was a success in that, as sham employment, it added a line to her CV, provided something for her family’s loyal soldiers to sell her as a righteous and deserving chip-off-the-old-block member of the professional class, conveyed half a million dollars from rental streams into the Clinton electron cloud, and set a rate floor for none-too-competent children of the elites at a modest but respectable fraction of her mother’s going rate.

              1. Rhondda

                “…the quid and the pro quo often exhibit phenomena resembling ‘spooky action at a distance’…”

                Your Clinton quantum entanglement theory is brilliant!

              2. Pat

                Oh, I can see that. What I can also see is that Clinton heir’s CV is looking thinner and thinner. Even in the cases of sham employment Chelsea cannot manage the minimum necessary to disguise the how much of a sham this employment is. And for those instances, like NBC, where the entities were hoping for a long term access quid pro quo situation it is getting harder and harder to miss.

                IOW, Chelsea herself is a danger to these current practices.

                1. hunkerdown

                  But Chelsea’s now “empowered to choose” traditional home life, to be married off to some GS weenie whom the Big Lebowski might say has Achieved. One of the popular desperation moves of TV writers working on a maturing show or writing a character out of the script was to knock them up and maybe “empower” them to leave to “spend time with their new empowered ‘single’-income families.” Remember that the sitcom Murphy Brown was a campaign issue in the family’s first POTUS term. Family values is an old, well-rehearsed shtick for them.

  11. DRob

    Abby Martin: “How Palestine Became Colonized”
    Way to go Yves, pile on the biased, distorted propaganda.
    It just reduces the credibility of your site on all other topics.

    1. ScottW

      Thanks for the heads up. Now I am intrigued to watch the clip.

      Sometimes it is good to go beyond the fair and balanced information dispensed by the Israeli government.

      1. hreik

        Go ahead and watch it. It’s so one-sided as to be risible. Very depressing to see this here. The music tells it all. There is a 10 second mention of the holocaust. Unbelievable.

        1. ScottW

          Watched it. So–please provide links to the fair and balanced viewpoint of Israel’s settlement expansion. Maybe you support the Israeli government’s refusal to permit the Nakba to be taught to Israeli Jews in school. Or is there nothing to teach because it never happened?

          The holocaust was obviously a human tragedy. Does it excuse what Israel did to Palestinians or is the argument there were really no Palestinians to displace?

          1. hreik

            No i do not support the Israeli government’s refusal to permit the Nakba to be taught. Not at all. That is as unbalanced and inexcusable as the linked video. So kindly do not impute to me things I’ve not expressed.

            The holocaust does not in any way excuse what Israel did and continues to do to the Palestinians.

        2. Jim Haygood

          There is a 10 second mention of the holocaust.

          It occurs at 10:09 in a 22:31 video that surveys 120 years of history beginning in the 19th century.

          Israel apologists highlight the tragedy of the holocaust to gloss over the inconvenient history of a much older settlement project.

          When Theodor Herzl’s book Der Judenstaat (The Jewish State) was published in 1896, the odious Hitler was a 7-year-old boy.

          Inconvenient, but indisputable.

          1. hreik

            It is neither inconvenient nor indisputable. It is totally true. And, I agree that some people use the holocaust to excuse or justify the horrendous treatment, displacement and murder of the Palestinians. As well as robbing them of their lands.

            I suppose that it’s easy to see complex and horrific issues in black and white. That’s what the video does. It’s very reductionist and that fact alone lessens it’s effectiveness

            1. hunkerdown

              Perhaps, in this as well as other matters, people have replaced evaluation of the “issues”, that are selected and framed by people who have the ability to starve other people and make them speak against their own interests (of any creed or tribe or whatever), according to the merits of the case and its presentation; instead evaluating those issues according to the actions taken and outcomes pursued in their name, which is far more predictive of the actual outcome of the questions than whatever pitched battle with foam swords they want to flog this week. The operative principle here is that values are whatever someone makes up to support their interests, which (as the Archdruid notes) is how liberalism is actually played.

        3. Plenue

          “the holocaust”

          What about it? Using the Holocaust to justify Israel’s policies is one giant non-sequitur. Having been the victims of one genocide does not permit you to build your own country on someone else’s land, and imprison and massacre another ethnicity in a fashion not at all dissimilar to what your people endured. In fact it really does the exact opposite: the notion that the descendents of people who were once rounded up in places like the Warsaw Ghetto have done the same to Gaza is pure insanity.

          1. hreik

            Of course. But it makes the issue incredibly complex particularly the thrust of the video’s timeline. That’s the issue.

            I couldn’t agree w you more.

          2. Harry

            You are missing the colonialist crux – you can’t commit genucide against black or brown people. In fact I think Israelis believe it’s downright antisemitic to complain when they eradicate the indigenous population. It’s just what an up and coming state does.

    2. JCC

      DRob, I’ve only had time to watch part of the clip (off to work) but I’m curious about the claims of “biased, distorted propaganda”. Are you able to clarify and give specific examples before I continue watching it after work tonight?

      Or is it a backdoor method of getting those who visit this site the motivation to watch the whole thing?

      1. JCC

        So, I watched it. I saw no propaganda that was any worse than the State of Israel’s never-ending propaganda. In fact, it was pretty mild compared to what’s been coming out of Israel’s propaganda machine over the last 20 years or so.

        And it’s always nice to get a reminder of the “patriotic” Irgun and their multiple terrorist civilian bombing campaigns as well as other radical zionist groups’ false flag attacks on US sites (and one US Navy ship) in the Middle East as well as other Jewish peoples across the Middle East.

      1. DRob

        wacky is indeed the correct word unless you support their viewpoints on all social, gender and religious issues.

        1. Binky

          That would be a stretch, wouldn’t it, for anything?

          I think we are operating outside the bounds of reason in this discussion.

        2. hunkerdown

          DRob, grownups can synthesize. Perhaps your purity cult is explicitly endangered by people not just bending the knee to your corporate allegiances.

          Kindly put away childish things and stop bearing false witness against your neighbor, lest your supposed “religion” be exposed as the colonialist sham and convenient “reluctant” rationalization for continuing the cycle of abuse it is

          1. TTWI

            In general, it is a good idea to be highly suspicious of any reporting that is so totally one-sided and unbalanced. Abby Martin’s so-called reporting lacks any nuance or hint of doubt. Virtually every word out of her mouth is at best a distorted, half-truth lacking context and at worst an outright falsehood.

            As an example for specifics, the “show” constantly employs the notorious 4 maps showing the loss of Palestinian land over the years.
            Here is an antidote.

            Don’t get me wrong, there is a ton of legitimate criticism to be made of Zionist and Israeli government policies, just as there can be made of Arab and Palestinian policies. However, this “reporting” contributes nothing to any rational discussion of the topic or to the search for a just end to the long conflict.

            1. Lambert Strether

              The Tower is authored by the “former director for foreign policy, Israeli National Security Council” …

              Making this the official view, then? To me, it reads like a Gish Gallop.

  12. Jim Haygood

    Cowboy up, y’all!

    Los Angeles (AFP) – A conservative Arizona newspaper is facing death threats and losing subscriptions after it broke with tradition by endorsing Hillary Clinton over Donald Trump for US president, a senior editor told AFP.

    The Phoenix-based Arizona Republic, the state’s largest newspaper, announced in an editorial on Tuesday that it is backing a Democrat for the first time since it was founded in 1890 on the grounds that Trump is neither conservative nor qualified to be president.

    The backlash began shortly after it published the endorsement, with outraged readers sending a deluge of angry emails and canceling subscriptions, said Phil Boas, who runs the paper’s editorial page.

    USA Today set another precedent on Thursday, when its editorial board took a side in a presidential race for the first time in its 34-year history … [urging] readers to oppose a candidate it said is “dangerous” and “unfit for the presidency.”

    Can you spot the deception in this AFP article?

    In fact, the AZ Republic was purchased by Gannett [owner of USA Today] in 2000. The editorial lockstep of these Gannett outlets is not a coincidence.

    But the lying liars of the MSM feel no obligation to disclose the cartelized media ownership. They stick to the journo-ho’s myth of editorial independence, like a Mexican hooker offering up her virginity.

    1. Arizona Slim

      Down here in Tucson, we call that paper the Arizona Repulsive. As for the local fishwrap, the Arizona Daily Star, well, there are locals who refer to it as the Red Star.

      As for good local journalism, my vote is for Dylan Smith’s online-only Tucson Sentinel.

  13. Mark P.

    ‘I’m afraid they will find their knife is made of rubber, and that someone is a 500 pound gorilla with a steel bicycle chain in hand’

    ‘Deutsche Bank chief hits out at ‘forces in the market’’

    Eh. Yves, I defer to your superior experience in financial affairs. But Brexit is fully in the realm of geopolitics and on this score you’re naive.

    Yes, it’s 2016 and nothing lasts forever. But if you imagine that the notion of Britain again facing off against Europe — and again being ‘a nation of thugs’ as somebody here called them the other day — isn’t vastly attractive to enough people in the U.K., including in the British deep state, that if this argument escalates into a hardcore confrontation they won’t be prepared to knock down the Eurozone — and even f**k the global economy — to win it, you’re wrong. Yes, you may know people in the City. But I grew up there in part, and I knew people who went into Five and Six, and I would not mess with them.

    Seriously. Can you name any historical argument during the last four-five centuries between Britain and any other European power(s) that has escalated into a full-blown confrontation in which the long-term result hasn’t been worse for the other European power(s)?

    Arguably, Ireland by gaining independence. It took them four centuries.


    1. Bas

      I surmise your claim to geopolitical expertise is growing up in the City and having spooks among childhood acquaintances. And this informs you that the UK will cut of its nose to spite its face wrt Brexit. Well count me unworried.

      As to your historical precedents, I’d venture the many wars the UK fought – and mostly lost – against the Dutch Republic, which ended with a Dutch invasion and usurpation of the Crown. You might know it by its propagandistic master stroke, the Glorious Revolution.

      1. William C

        Well, here’s an alternative take on Brexit – Sarkozy has recently said that if elected he will immediately press for a major reform of the EU to help the UK. If Juppe does the same (if he has not already?), then the UK will know that come May of next year there will be a French President pretty much on their side as far as that can ever be. Provided Mrs May can hold off action on Article 50 until then, she then has the argument that it would be premature to trigger Article 50 until it is clear where matters are going. Why leave when you do not know what you are leaving? The Germans will probably say we will sit down and talk after the German elections.

        So nothing at all may happen until late 2017 when serious talks may start to keep the UK in the EU.. The challenge for May will be holding the zealots back long enough for that to happen.

        Shortly after the Brexit vote a UK diplomat was quoted in the FT saying ‘Brexit will never happen’. Was this the scenario he had in mind? In Le Monde at much the same time there was a report that the EU countries bar France and Italy wanted to do a deal to keep the UK in. If France comes round I imagine Italy can be squared.

        On a separate if related theme, I note Mrs May met Rupert Murdoch in New York. Was the whole trip to meet US bankers a cover story to allow that to happen? She should be grateful she only had to fly to New York. Tony Blair had to fly to Australia to do homage.

        1. Bas

          Why would Sarkozy invest political capital in accommodating the British Conservatives? Running on an anglophile platform is not exactly a winner in France, and – because of Calais, among other things – the atmosphere in France is decidedly hostile to the UK right now, even for French standards.

          1. William C

            I do not claim to know Sarkozy’s motives, but merely to report what he has said (according to the FT).

            My guess is that if he gets the Right wing candidature he would tie this in to measures to address French immigration concerns as a way to pull voters away from the FN.

        2. Oregoncharles

          Italy’s present government hangs by a thread, as Italian gov’ts usually do. So they may not only be “squared,” they may be exiting themselves.
          Yes, delay makes sense for the Brits.

      2. Indrid Cold

        Let’s not forget also that the drubbing the British got at the hands of Germany and most especially Japan were primary causes in the postwar dissolution of the Empire. After Suez, Britain quickly degenerated into the puppet of America it is today. Britain most definitely did not ‘win’ WW2, anymore than the French did.

  14. Pat

    I am sure those small donors to Clinton’s campaign who had multiple unapproved charges to their account are thrilled their hard earned money is going to make sure that Chelsea can use private jets and avoid being around people who haven’t been vetted or driving through areas which haven’t prospered in the age of Goldman Sachs.

    1. clarky90

      If you enjoy reading reader’s comments as much as I do, here is The DailyMail article from the UK. There are more than 660 comments! You get a UK perspective on the race.

      Chelsea Clinton takes private jet 330 miles to environmental event despite her mother Hillary promising to run a ‘carbon neutral’ campaign

  15. Harry

    ‘It’s not about voting for the perfect candidate:’ Michelle Obama begs young Pennsylvanians not to cast a protest vote against Hillary – warning they could help elect ‘her opponent’

    That’s right. It’s about voting for the candidate who cheated to beat your preferred candidate.

    What’s was it that that Johnson said, “the only wasted vote was that for a candidate you didn’t support”. Stein it is!

    1. MyLessThanPrimeBeef

      In marriage, it is said, it’s more about loving who you are married to, and not so much about marrying who you love.

      Though in dating, it’s more about dating who you love, not loving who you are dating. “I had a great time. Yes, I will definitely call later, as soon as I make it home alive.”

    2. SpringTexan

      Well, I’m voting for Stein (in a non-swing state), but by Johnson I shouldn’t — I don’t really support her, she’s just the nearest facsimile.

      I could really support Sanders, no one after that.

      The least wasted votes are the down-ballot votes.

    3. Pavel

      I heard a WNYC podcast with Brian Lehrer about the millennials who aren’t “enthusiastic” for HRC and how they might vote third party or not at all. It was almost laughable how desperate the clips from Bernie, Michelle, and Obama were. Sheer hypocrisy and duplicity.

      –Trump will DESTROY DEMOCRACY! … well see the DNC cheating Sanders in the primaries
      –Trump will end my [Obama’s] campaign to end mass incarceration … that which was started by Bill & Hill
      –Lehrer asked one caller who was going to vote for Stein: “what about the fight for campaign finance reform” … WTF? Voting for Goldman Sachs Hillary who takes billions from banksters and Saudi Arabia?

      There were 4 or 5 “millennial” Bernie supporters, and 3 said they would vote 3rd party despite Lehrer’s virtual pleading with them to vote for HRC. They each said they were disillusioned by Obama’s lack of progress, that HRC was too establishment, and that Hillary had only changed her positions (e.g. on TPP and minimum wage) in response to Bernie and probably wouldn’t follow through on them. Sounds pretty accurate to me.

    4. Steve C

      Yes. And for anyone not paying attention, Stein, not Johnson. And for anyone saying to vote for the woman, I am. I’m voting for Stein.

    5. Pat

      Do you vote for the candidate with the long record of pandering to public interests during a campaign and forgetting they exist after, one who has done even less of that in this campaign? Or do you reject voting against your own interests?
      Or do you realize this election is the natural outcome of lesser of two evils voting, and reject the fear mongering and false equations?
      No, Mrs. Obama voting third party or not voting is NOT voting for Trump anymore than it is voting for Clinton. People who have rejected your candidate are not responsible for her loss. She is responsible for that. The people within the Democratic Party who looked at her overwhelming negatives and discounted them and the rejection of the majority of the voters of her key policies and still made sure she got the nomination are responsible for her loss. I recognize that taking responsibility for your lack of judgment is unheard of among today’s political class regardless of party, but pull up your adult pants and do it. Hillary Clinton and her inadequacies is your albatross not the voters.

      1. Anne

        I’m thinking about having some cards printed up that say the following:

        While I appreciate that you support a particular candidate, you need to understand that who I do or don’t vote for is my business, not yours. You may not realize it, but it is extremely offensive to be told that if my vote doesn’t align with yours that I am effectively voting for someone else. Or, that if I choose not to cast a vote from among the choices on offer, that I am also “really” voting for someone else. No. I cast votes for someone, not against someone, so if there is no one I believe I can vote for, I will abstain.

        The solution to this growing problem is to have better candidates. It is to make room for good people of principle and vision, not shut them out because they threaten the party’s power elite. It is to get rid of the Commission on Presidential Debates for the same reason. It is to stop using the power of the party elite to manipulate the process to obtain their preferred, pre-determined result.

        Just as the kicker who fails to make a last-second, game-winning field goal is not responsible for the cumulative errors and poor play by his teammates in the preceding 59 minutes and 55 seconds, I will not take responsibility for the party putting up a bad candidate who fails to win my vote.

        In short, by all means vote for the candidate you like, but please have enough respect for me, for my right to vote, to STFU, MYOB and leave me the fk alone.

        Seriously, all this begging and pleading and hand-wringing and finger-pointing, and vote-shaming, and demonizing is – or should be – proof that the Democratic Party pushed the wrong candidate down our collective throats, AND THEY NEED TO TAKE RESPONSIBILITY FOR IT – ALL OF IT.

        1. lyman alpha blob

          Funny how you don’t see the Republicans engaging in this type of vote-shaming; it’s always the Dems who have been wronged by the stupid electorate.

          If Trump we’re smart (yes I know…) he’d make this an issue in the next debate and tell Clinton that the only reason she’s even on the stage is because of all the people who voted for Perot a quarter century ago. Otherwise she be remembered right along with Dukakis’ and Mondale’s wives, ie not at all.

        2. Harry

          She is only the wrong candidate if voters won’t do what they are told. Now get back in line like a good peon and do what you are told.


  16. Ché Pasa

    Re: Cat Politics

    (based on long observation of feral colonies and household cats)

    Domestic felines have a rather complicated social structure that does indeed include unrelated males palling around with one another as buddies and cooperating for mutual interest and gain. Generally speaking, females sort themselves into relationship groups, though unrelated females can also come together on behalf of mutual interest or friendship.

    Among both males and females there are definite status and rank assignments. There is a Queen Catta among the females, and there is typically a Dominant Male. Often enough, the Dominant Male appears to do nothing but assert his dominance while those below him carry out tasks as if they have been assigned — to watch for trouble and warn the others, to maintain order within the colony or household, to instruct and correct the young, etc.

    The females may have “babysitters” to look after kittens when the mothers are tired or wish not to be bothered by the mewling offspring. Mothers may go off hunting or may assign lower rank females to hunt for them. When two mothers have kittens at the same time, the offspring of one may die, sometimes from illness, but sometimes because the dominant or sub-dominant males kill them. It’s not unusual for all the kittens born at one time to die either from illness or murder.

    While they are often accused of extermination of bird life within their territories, feral cats (if they are fed) generally do not come close to exterminating bird or other wild life. A colony of twenty or more cats I observed for quite a long time rarely killed more than a half-dozen birds annually. The maximum I observed was ten, and that only happened one year. They rarely killed other wildlife apart from mice (I counted one squirrel and several dozen mice among those killed by one colony.) Cats of course generally share their prey — household cats often presenting dead birds or mice to their human companions. Yum!

    Cat rivalry can lead to conflict to be sure. Sometimes it is male rivalry over females, but often enough, female cats are rivals with one another. Sometimes conflict is simply a matter of keeping strangers at bay or driving out colony members who are designated as “not belonging.” This can happen to males or females, even among closely related kin.

    In a household, of course, all of this cat politics is generally muted. It may not even be noticed. But whether it is seen or not, cat society is highly structured and organized…

  17. Anne

    Once Stumpf endures 11 hours of testimony, has had to repay millions to Wells Fargo, and is fired, the DOJ will conclude that he has been punished enough for getting caught with his hand in the cookie jar, and he will then be available to be hired on as an advisor to the Clinton Foundation and the Clinton campaign/administration as a reward him for not giving in to the grasping, whining, common folk (and because birds of a feather really do need to stick together).

    Whatever plum job he ends up with will be justified because, after all, he won’t have been charged with, tried for, or convicted of any crime – providing yet more ammunition for the argument that the system isn’t broken after all – it works just fine!

  18. readerOfTeaLeaves

    Thanks for that cozy photo of the cats at the window.
    Perfect start to my workday ;-)

    And thanks to Bill H for a great new word: Catflix.
    Birds are endlessly entertaining.

      1. Buttinsky

        Yes, I’m afraid I too was going to go all Donald Trump this morning and indelicately suggest to Craig H that his cats might consider laying off the ice cream themselves.

      1. Steve C

        I thought Johnson opposes pot legalization and legal abortion. As to be expected, the Libertarians are morphing into plain tribal rightists.

        1. Vatch

          According to this site, Johnson supports pot legalization. He opposes legalizing heroin.

          His views on abortion are murkier. He seems to want to leave it up to the states, which in many cases would prohibit abortion.

          He also supports the sovereignty destroying TPP and vouchers for private and religious schools. I don’t know what he thinks about the various scandals at for-profit schools.

          1. JohnnyGL

            I call BS on Johnson’s record on weed. He refused to pardon anyone who was in prison for non-violent drug offenses while he was governor. If you are pro-decriminalization, you’re going to have to PROVE it to me. Johnson had a chance, he didn’t take it.

            Plus, with his gaffes he proven that he’s a joke of a candidate, instead of the “serious” alternative. Bill Weld couldn’t even bail him out. I could let one gaffe go, but two makes me think there’s something missing there.

            I’m not saying he’s worse than the two big fish, but it’s not clear he’s better, either.

            1. Vatch

              You have a good point. Of course, if he had pardoned a lot of prisoners, that would have meant lower profits for Johnson’s sponsors in the private prison industry.

                1. JohnnyGL

                  Here’s Johnson in his own words on the issue….

                  “Some who are concerned about private prisons have also suggested that, as Governor, I should have simply pulled out a pardon pen and released enough prisoners to solve the State’s prison crisis. Actually governing is very different than commenting. Yes, as in many states, the Governor of New Mexico has the authority to grant clemency and pardon. But also as in most states, there is an established process for doing so – and it is a lengthy and very structured system. The notion of simply turning hundreds of prisoners loose in order to immediately vacate cells was not a real-world option – and I operate in the real world.”


                  No attempt to go through that “established process”? No bill to the legislature to cut loose prisoners for non-violent drug offenses?

                  As Lambert says, “words are wind”.

        1. polecat

          “Whoooooosh” ………………… “ahh …ahhhhhhhh ……..”

          that’s ok mon … Wait .. What were you saying …… ?? :’)

  19. Pat

    Add me as another who loves the catflix and chill antidote. And seeing the dogs enjoy their treat was a great bonus.

  20. Pat

    The View is going nuts about the Trump/Cuba story. I don’t know enough about it to speak one way or another. What I do know is that giving the impression that the embargo was universally supported by the Hispanic American community is garbage. Witness the lack of outrage when the embargo was ended. Frankly his remarks about the overweight Miss Universe will be more divisive there. The desperation was almost palpable.

    1. Oregoncharles

      We’re a bit off topic here, but I want to enlarge on this anyway, with reference to PNW conditions. Our climate is pretty ideal, except the year it went below 0 degrees F and the figs died to the ground. Took 2 years before they fruited again. The breba (early) crop is better here, as it matures during the dry season; the later crop matures in the wet and suffers from mold. Check with local growers for the best varieties locally. My favorite is Desert King, which has pink flesh and green skin. Only the breba crop matures here, though.

      My chief problem, and discovery, involved our heavy clay soils, which are saturated in the winter. That makes it very hard to start figs, so I planted them on small mounds. The soil doesn’t seem to bother them once they size up.

      I dry most of ours, by cutting them in half and using a dehydrator (the car tip is interesting). I found a way to use th eones the birds reduce to rags: I cook them and blend them up, making fig sauce or filling. I’m greedy – not that fond of sharing with the wildlife. they do OK around here.

  21. bob k

    if obama and the dems tell me one more time that if i don’t vote – which is exactly what i’m doing, boycotting the election – or if i vote for a 3rd party that i’m voting for trump, then damn it i might just vote for trump

  22. bob k

    the first dog was so genteel in licking the ice cream. the second was a real dog! that’s what my dogs would do!
    Scarf it all down! yeah, good times!

          1. Jay M

            Alley Oop?
            (Wikipedia): He would rather fight dinosaurs in the jungle than deal with his fellow countrymen in Moo’s capital and sole cave-town.
            Fits our foreign policy to a t.

  23. Alex

    The map in Abby Martin: How Palestine Became Colonized is not really objective. The green colour is not defined, what is it? If it’s mostly Arab population, then a lot more land should be coloured green within post-1949 borders of Israel? If it’s land land ownership, same story. Also, lots of land belonged to the state in 1946 so it should not be coloured green at that time. Is it in whose hands is the power? Then in 1946 all the power was in the hands of British.

  24. John k

    ‘Works greatly to the advantage of Deutsch….’
    As intended. DOJ went off the reservation, bank can’t afford it because no capital…
    Imagine merkel read big o the riot act. Need to walk, or run, it all back…
    Big o doesn’t want to be blamed for market crash, new recession, and Hillary loss too, now does he?
    Just a little misunderstanding…

  25. Dave

    The poorly made, job destroying, Mexican NAFTA garbage flooding store shelves, like the Mexican made washing machine that flooded our garage, now looks like quality compared to the exploding Korea Trade Treaty crap. Thank you Hillary for doing your part to destroy American manufacturing jobs and crapify our existence.

    “Korea Free Trade Treaty, Hillary Clinton”
    for the details.

    1. apber

      Nothing is made in the USA any more. I actually remember when things lasted for 10, 15, 20 years. I inherited my father’s Farberware percolator that he purchased in the 50s. It lasted for me until 1995. I went to BB&B and had to purchase 3 in a row (now made in China) in 5 years until I finally gave up on the brand.

      1. Dave

        Many things are still made here. Usually not things people buy at retail. Many high quality US made items can still be purchased. Patronize your local thrift shop, look for garage sales and post ads on Craigslist specifying exactly what item you want. I have found someone out there selling something used that I want for the last couple of years such as a shaver, clipper, certain tools, car oil filters and other manufactured items. Most are far higher quality than you can buy new and far far cheaper. It’s environmental to reuse others unwanted items. Washing machines and dryers are a big freebie. They are too heavy to move across the country and people inevitably realize that as they are loading the truck. Plus people are downsizing and don’t need them.

        Patriotic Americans should sit on their hands and resist the temptation to buy any new discretionary purchases until after the election. It’s a nice way to protest the Lie of the Economy. Let’s see how they spin the numbers if retail sales seriously drop in October?

        1. oh

          Good points. Buy less of anything and if you must, buy only used goods. Drive less and don’t feed the oil companies; use a bicycle whenever possible or mass transit. Try to provide business to your small neighborhood store. Bank at a small bank or credit union. Use less resources.

          The above are some of the ways I try to starve the mega businesses who are destroying our country.

    2. MyLessThanPrimeBeef

      There is a myth that Mexican robots work harder than American robots.

      And so, they move jobs to Mexico and hire many, many harder working Mexican robots down there.

      On the international human harmony front, people everywhere are all lazy compared to low maintenance, hard working solar powered (versus, say, meat eating human workers) robots. People are able to get along better (compared with the precious situation where human workers had to compete fairly and unfairly with human workers in other countries. Now, such cut-throat races to the bottom are gone, when robots reign the world).

  26. Oregoncharles

    ” betting that no-one is willing to compromise (trade) peace even if it means throwing all sorts of rules and laws under the bus. ”
    “Brussels decides against fining Portugal, Spain Politico. No fines for breaking budget rules.”

    No wonder Britain is in a betting mood. It’s another big-dog economy, and the cracks are showing in Brussels. Of course the situations are very different – they’re trying to keep Portugal and Spain IN. But the Brexit precedent is having its effect. If another major country walks, the Euro and probably the EU are over. And again, the consequences of a disorderly breakup could be severe. The EU doesn’t have a military, does it?

    Yes, I’m sensationalizing a bit. But I can’t be the only one. Why else did the EU back down on the fines?

  27. Expat

    Despite all the horrors in the world and the bullshit in the press, I was still able to laugh out loud at that Lab showing how a real dog eats ice cream! I am guessing the little dog belongs to a nurse or teacher and the Labrador belongs to Lloyd Blankfein.

  28. ewmayer

    Ritholtz on wage vs total compensation trends:

    The gray line is real wages, adjusted for inflation. This is the number most people think of when they consider their paychecks. It is their pretax gross pay, what they negotiate when they take a new job, and what they hope to see rise each year.

    As you can see, real wages have been little changed for more than 46 years, increasing a minuscule 2.7 percent during that period.

    It isn’t a stretch to surmise that most employees don’t really appreciate how substantial this non-wage compensation is; nor do they realize how much health-care costs, the biggest part of their non-wage compensation, have risen.

    Workers once got a salary with health-care insurance as a nice add-on; today, they get a salary and health-care insurance that would bust most family budgets if the policy had to be purchased on the open market. And so while the total amount companies spend on compensation has increased a good deal, it sure doesn’t feel that way to many workers.

    The political and policy ramifications of this are significant. Workers are unhappy with their salaries; employers are unhappy with their costs. It isn’t a big leap to conclude that so long as either health-care costs keep rising or employers are responsible for paying them that wages will be competing with compensation.

    For more than 40 years, wages have lost that battle.

    Given the historic conflicts between capital and labor, it is somewhat ironic that each now is on the same side of this squeeze. Both employees and employers have a huge incentive to see limits on increases in health-care costs.

    It’s always worth making comparisons with other countries in cases like this. Germany, Japan, the U.K., France, Switzerland and other industrialized nations compensate labor and obligate capital differently from the U.S. Many countries guarantee basic health-care coverage for all citizens via a single-payer system paid for via an income, corporate or value-added tax (or some combination thereof).

    In the U.S., of course, your health care is provided — if you’re fortunate — by your employer or in some cases by government programs like Medicare for the elderly or Medicaid for the poor. And then there were those people who were neither poor enough nor old enough for those government programs.

    That brings us to Obamacare, which surprisingly hasn’t come up much in the presidential election so far. It’s hard to imagine that any political party will overturn it, sending as many as 30 million people back into the ranks of the uninsured. But the program has its problems, and finding a way to improve, reform or replace it is likely to show up on the political agenda in the coming years.

    No mention of “Germany, Japan, the U.K., France, Switzerland and other industrialized nations” having nothing – though some, e.g. the UK, are moving in our direction, because markets! – like the parasitical for-profit insurance/medical-industrial complex we are blessed with in the US, with the result that we pay more than 2x the next-highest per-capita healthcare-spender, Switzerland, with overall much lousier access to and quality of care.

    Next, saying Obamacare “has its problems” is a whopper of an understatement. Barry’s proposed solution?

    An ideal solution would free employers from the obligation to cover rising health-care costs. That would mean there is more room in corporate budgets for pay raises.

    So, free our poor beleagured corporations from any obligation to cover healthcare costs and we are to believe the following 2 things will magically occur:

    [1] Said employers will happily increase wages by roughly the amount they currently spend on healthcare, in exchange for a cap on rate increases (or whatever “obligation to cover rising health-care costs” translates to, dollar-wose), rather than funneling the huge pool of money thus freed up to C-suite compenstion, stock buybacks and shareholders;

    [2] The resultingly empowered legion of “smart healthcare consumers” will find a way to force down that rampant cost curve, without any change to the underlying for-profit model.

    And if you believe that, I got a bridge to Brooklyn General I want to sell you … cheap!

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