Photos of Cats Doing Martial Arts PetaPixel (David L)
Newsbud Exclusive- CFR Article Calls for Sabotaging Alternative Media!! Newsbud (Chuck L). This looks to be official validation of what is already well underway.
Apple co-founder Steve Wozniak: There’s ‘way too much hype’ around Elon Musk’s Tesla CNBC. See comment on self-driving cars.
India’s Banks Need More Than a Bailout Bloomberg
„Schäuble hat ganz Europa gegen Deutschland aufgebracht“ Die Welt (Mark P)
Brexit transition period likely to be limited to 20 months, EU officials say Guardian. Remember: the only “transition” that can help the UK is a standstill. And note:
The Irish government has publicly called for a longer period, of up to five years, to allow businesses to prepare for changes in customs procedures, a proposal that has the support of many in the UK.
David Davis buckles under the reality of no-deal Ian Dunt (Richard Smith). Also discussed in today’s post.
That ‘Israel Lobby’ Controversy? History Has Proved Us Right Defend Democracy
Big Brother is Watching You Watch
Imperial Collapse Watch
Congress Owes Our Servicemembers an Authorization for the Use of Military Force WarontheRocks (resilc)
SpaceX Keeps Lining Up Covert Military Launches Wired (resilc)
Hundreds Face Conspiracy Charges For Actions Of A Few During Inauguration Day Protests Intercept (resilc). This is really ugly.
Republicans Just Caved to the Big Banks and Exposed Trump’s Sham Populism New Yorker (resilc)
GOP seizes on new Clinton revelation The Hill
Why doesn’t Hillary’s ‘dossier’ trick count as treason? New York Post (J-LS) v. It doesn’t really matter who funded the Steele dossier. New Republic. Resilc: “It does to 38-45% of Merika.”
Political rhetoric in the age of Trump Fabius Maximus
Report: John Kelly Said He Wants to Admit Zero Refugees Daily Beast. Resilc: “USA USA just creates refugees, we don’t take responsibility after. Just like the almighty fetus. AOK before birth, you get zero support after….”
Dual Frauds: Flake-ism & Trumpist Populism American Conservative (resilc)
Republicans are starting to notice another big problem with their tax plan Business Insider. Seems like Republicans assume many of their “small businessmen” aren’t doctors, lawyers, accountants, and consultants, when I’d bet a lot are.
Washington Resumes Talking About Nuclear War Atlantic (resilc)
Single Payer Myths: Removing People From Employer Plans Matt Bruenig, People’s Policy Project. Important.
Thousands of US companies face healthcare penalties Financial Times
Secret corporate cash funded posh convention hideaway for Paul Ryan, GOP lawmakers WisconsinWatch (Dr. Kevin)
Democrats in Disarray
Steven Rattner, Kickback Hack Jacobin (resilc)
Do Democrats Really Need Wall Street? Bill Moyers (John Z)
Will Democrats Like Trump in 2029? Probably! Vice (resilc)
Democrats in denial The Week (resilc). Important. Lambert linked to it in Water Cooler but it is worth reading in full.
NY Faces Demand For Election Reforms After Illegal Primary Voter Purge Real News Network
New Documents On World War II-Era Leak Prosecution Of Journalist Shadowproof (UserFriendly)
Lawmakers Urge DOJ To Consider Prosecuting Pipeline Activists As Terrorists Shadowproof (furzy)
The Morningstar Mirage Wall Street Journal. I don’t mean to defend Morningstar, but anyone who knows bupkis re investments will tell you that funds in any asset class do not show persistence of outperformance. So the question is to what extent Morningstar subtly or overtly played up popular misperceptions.
Leon Wieseltier Admits ‘Offenses’ Against Female Colleagues as New Magazine Is Killed New York Times (Donald G)
The Disruptors: Finance isn’t just an industry. It’s a system of social control. Jacobin (resilc). Note it does not have to be that way. As Michael Hudson points out, the German model in the 19th century was one of industrial capitalism, with banks playing a subordinate role. Even in the US, prior to ~1980, people in financial services had the same average wages as those of the economy as a whole.
The Pitfalls of Privatization Washington Monthly (resilc)
— Laurie Macfarlane (@L__Macfarlane) October 25, 2017
The Real Story of Automation Beginning with One Simple Chart Medium (Larry H). One chart I question is the one showing manufacturing production versus manufacturing jobs. The reason is that the “manufacturing production” chart almost certainly values production as the wholesale sales price. The problem is that in many industries, particularly cars, manufacture of many components takes place overseas with only final assembly with perhaps some other minor value added activities in the US. So those parts have embedded labor cost in them which is not at all reflected in the US job count. Not saying that a properly done chart would not show some displacement of labor by capital, but I suspect it would not be dramatic (ie, this chart reflects the impact of offshoring more than automation).
Antidote du jour (Chet G):
And a bomus from Richard Smith:
Someone in the neighborhood Facebook group my mom belongs to washed a coyote because they thought it was a dog pic.twitter.com/5V3dq840Uw
— Allison Pohle (@AllisonPohle) October 17, 2017
See yesterday’s Links and Antidote du Jour here.