Neil deGrasse Tyson reveals the biggest threat to mankind Business Insider (furzy). The idea of scientists and technologists as the priestly caste is questionable, particularly given the corruption of science these days and hubris about the potential of technology.
Inside China’s wild bulk commodity bubble MacroBusiness
India’s Contradictory Energy Policy Permanent Settlement
PM Modi declares Rs 500 and 1000 currency notes to be void from midnight Economic Times (furzy). Jerri-Lynn has a story on this coming later this AM.
Erdogan Lashes Out at EU, Threatens to “Open the Gate” for Refugees Michael Shedlock (furzy). This has always been a source of leverage. But for Erdogan to make a threat is a sign of weakness.
Brexit means Brits will work longer and have less rights Business Insider
The Iran Deal Is in Critical Danger LobeLog (resilc)
Big Brother is Watching You Watch
World leaders react to Donald Trump’s US election victory ABC (Australia; James)
Donald Trump’s Victory Is Met With Shock Across a Wide Political Divide New York Times. The Grey Lady is incapable of being gracious and is still depicting him as Scary Trump Monster. As a prominent MSM journalist said via e-mail:
The leaders of the New York Times should undergo some serious soul-searching, not only because they so obviously put their thumb on the scale but also because their breathless efforts to stop Trump failed so completely. By jettisoning even a semblance of neutrality in the coverage the paper probably helped Trump. So the institution lost two ways – in its journalistic integrity and its ability to have an impact.
Thousands protest in US cities over Trump election victory Financial Times. I hate to sound jaded, but “thousands” across the US is bupkis, particularly in light of the Team Dem extended Two Minute Hates against The Donald. You got more people at single Sanders and Trump rallies. As long as Trump stays low key (and he’s preoccupied by being way way behind the eight ball with his transition efforts), and the cops and Trump fans don’t get stupid and escalate, this will die down to festering resentment. Not good, but not fatal.
At under $5 each, Trump’s votes came cheap Reuters (EM)
Meet Trump’s Cabinet-in-waiting Politico
Trump begins to play catch up on transition to White House Associated Press. Appears to have the better grip on the dynamics than the Politico piece.
Elizabeth Warren Wants a Truce With Trump Daily Beast (resilc)
What Will a Trump Foreign Policy Look Like? American Conservative (resilc)
Russia cheers Trump victory Politico
Saudi Prince Who Called Trump a “Disgrace” – Kisses Trump’s Butt Today Gateway Pundit (EM)
US Election 2016: Trump’s victory should bring Australia’s independence Sydney Morning Herald. EM: “Pearl-clutching from down under.”
Trump victory could mean big business for K Street Washington Post (furzy). Ya think?
Americans Wanted a Revolution, and Clinton’s Campaign Only Offered Them Obama 2.0 Alternet. NC readers will not buy a lot of this, since it recycles the “Meanie Republicans were too powerful!” myth. In 2009, the country was prostrated, desperate for change, Obama had a filibuster-proof majority in the Senate, squandered his 100 days, and his failure to do anything on the housing front paved the way for Scott Brown to win in Massachusetts, the bluest of blue states (Tom Ferguson’s granular analysis showed voting levels for Brown tightly correlated with foreclosure levels in voting districts).
It was the rise of the Davos class that sealed America’s fate Guardian (Joe H)
Why the Democrats Couldn’t Defeat Someone as Loathsome as Trump Counterpunch (resilc)
Secretary Of Education Ben Carson? Here’s A List Of Potential Trump Cabinet Picks – BuzzFeed (resilc). As disturbing as many of the people being noised about as possible Trump nominees are, and Carson is most assuredly one of them, the Secretary of Education is such a lightweight job that it could probably be filled by a potted plant and no one would notice.
Democrats, Trump, and the Ongoing, Dangerous Refusal to Learn the Lesson of Brexit Glenn Greenwald, Intercept
It Has Happened Here American Prospect. Resilc: “If the Martha’s Vineyard wing of the Demos controls that party they will not see power again anytime soon.”
‘Go to hell!’ A divided America struggles to heal after ugly election Reuters. EM: “Oddly – or not – I did not see any article along the lines of ‘A thoroughly disgraced American media struggles to regain credibility after ugly election’ in my Reuters newsfeed.”
Somber White House Staff Listen to Obama’s Election Response NBC. Lulu flagged the photo.
Repeal Would Be Even Worse Than Obamacare Bloomberg. From the McMuffin. I not entirely convinced, the reason being that the answers to general questions are not the same as of those directed to people who are buying policies and looking at prices and choices and see that they suck. Put it another way: one more year of death spiral, of 25%+ or more price increases and even narrower networks (which McArdle ignores as de facto denial of coverage by design of many pre-exsiting conditions via exclusion of the required specialists) and more people will recognize that the supposed advantages of Obamacare are empty for many people. The other way would be for the Republicans to engage in a period of concerted messaging about the failure of Obamacare to deliver on the two features that McArdle flags as popular. But they haven’t been terribly good at anything other than very simple messaging, like “Obamacare! Democratic and socialized! Bad Obamacare!” (witness Benghazi). But to her point, it would be better to have a replacement, like what Obamacare really is: catastrophic coverage, presented as such. And Trump did say he’s get rid of Obamacare and put something better in place, not simply scupper it.
Fed faces Trump glare ahead of policy shake-up Financial Times
White House open to a Clinton pardon New York Post (resilc). As Jerri-Lynn predicted.
New Zealand immigration site traffic surges after US election BBC (furzy). These people have no idea how hard it is to emigrate unless you are spousal or have a corporate sponsor.
Deputies From Wisconsin And Elsewhere Leave North Dakota, Refuse To Return As Millions Join Movement Fifth Column (dcblogger)
The Standing Rock Protests Are About the Constitution Reader Supported News (furzy)
Trump victory breathes life into Keystone XL pipeline Financial Times
What Was Conservatism? Chronicle of Higher Education (Micael)
Grantham on a world without bubbles MacroBusiness. I’d normally cross post this, but it’s the entire GMO report and I’m loath to do that sort of thing. But a very useful read.
Can Capitalism Work for Women of Color? Institute for New Economic Thinking. I’m not keen at all about solutions that rely on people going into business for themselves, since far and away, the highest-odds path to creating a new business that survives is by working for someone else and finding a market niche that is underserved and targeting that. So even though women of color may indeed have been forced into entrepreneurship via other paths being blocked or artificially hard due to prejudice, it does not necessarily mean that more can follow in their footsteps without having some experience and commercial insights.
Antidote du jour (Tracie H). A king vulture from the Los Angeles Zoo: