Natwest train their customers to be bad at security. Ben Goldacre (Richard Smith).
Bitcoin on track to topple global economy in five months Macrobusiness. Useful aggregation. “If something cannot go on forever, it will stop.”
Bitcoin feeding frenzy being fuelled by 15x leverage, says exchange FT. “Supply from Chinese bitcoin miners and a few early holders.” Hmm.
Why bitcoin fever is a bubble waiting to burst South China Morning Post. “Fiat currencies do have an inherent value. The US dollar, for example, has value because the US government insists that Americans must pay their taxes in US dollars.” Boom.
Putting a price on Bitcoin The Economist
US economy faces a painful comedown from its ‘sugar high’ Larry Summers, FT
Ireland warns May over Brexit deal The Times
The Brexit impact on Ireland goes far beyond the immediate border question Institute for Government
The tragicomedy of Brexit looks a lot like Game of Thrones Handelsblatt. Clickbait headline from Handelsblatt (!).
The Corbyn Doctrine Jeremy Corybn, Jacobin
17 Oligarchs Who Are Shaping Eastern Europe OstPol. They seem nice.
Yemen’s dangerous war Le Monde Diplomatique
Has Caste Discrimination Followed Indians Overseas? The Diplomat
China street scene. Rolls Royce in front of hammer-and-sickle billboard promoting Xi thought. Rolls hit by another car and reportedly tells driver, "Sell your home." : https://t.co/mwhZqE8w4S pic.twitter.com/tFPpYbKxKk
— Chris Buckley 储百亮 (@ChuBailiang) December 10, 2017
Recycling Chaos In U.S. As China Bans ‘Foreign Waste’ NPR (Re Silc). Oh, great. More out-of-state waste for Maine’s landfills.
GOP Sen. Susan Collins: Not sure if I will support tax reform plan CNN. Susan Collins, drama queen. Who knew?
How the Tax Plan Will Send Jobs Overseas The Atlantic (Re Silc).
US graduate students in uproar over proposed tax hike Nature. Rightly.
New Cold War
The Nuke ‘Treaty That Ended the Cold War’ is Unraveling Scott Ritter, The American Conservative
U.S. Demands NATO Action on Russian Missiles Der Spiegel
Democrats in Disarray
DNC Unity Reform Commission Takes a Whack at Superdelegates The Intercept. Why should superdelegates exist at all?
Why Democrats win even if they lose in Alabama Politico. Winning by losing might work when you’re playing 11-dimensional chess. I think a win is a win and a loss is a loss. Ideally, parties display adaptability after losing. But not if they won’t recognize their losses.
Schiff: Republicans using Mueller team firings to discredit institutions The Hill. Schiff: “I think this president, in astonishing speed, has remade the Republican Party in his own deeply flawed image, and that will be ruinous to the Republican Party.” Liberal Democrats just can’t let go of the seemingly sincere belief that there are (or were (or will be)) reliable Republican interlocutors to be had. It’s like our decades-long quest for the mythical “moderates” in the Middle East, which also goes all the way back to Reagan. I mean, who are these flawless Republicans? Denny Hastert? George W. Bush? Ronald Reagan? Eisenhower, maybe. But that was a very long time ago.
Sex in Politics… Not
The Unsexy Truth About Harassment NYRB. Well worth a read.
An Abomination. A Monster. That’s Me? Frank Bruni, NYT
HOUSEHOLD WEALTH TRENDS IN THE UNITED STATES, 1962 TO 2016: HAS MIDDLE CLASS WEALTH RECOVERED? (PDF) NBER Working Paper 24085. Betteridge’s Law triumphs here. Page 3: “Median wealth in 2016 was still 34 percent down from its peak in 2007.” Page 10: “Then, from 2013 to 2016 the Gini coefficient showed another small gain, to 0.877. However, the share of the top one percent experienced a huge increase, from 36.7 to 39.6 percent. The share of the next 19 percent went down, so that the wealth share of the top 20 percent advanced only 1.0 percentage points and that of the bottom 80 percent decreased by 1.0 percentage point.” (This is the Gini coefficient for household wealth, which the author seems to have calculated.)
Mortality from opioid addiction quadruples Modern Health Care
AI is now so complex its creators can’t trust why it makes decisions Guardian (DL). Unsurprising. If you regard that as broken, then AI is broken by design.
Deep Learning is not the AI future LinkedIn (DL). From August, still important. “For many tasks, Deep Learning AI is or will become illegal, not compliant.”
A Log Splitting Device Designed for… Children? Core 77 (Re Silc). Re Silc: “I saw an eight-year-old boy and his nine-year-old sister helping dad field dress a deer a week ago. I bet they can use a chain saw too NOW.”
Antidote du jour (via):
See yesterday’s Links and Antidote du Jour here.