Junior High Teacher Charged Criminally After Feeding Puppy To Snapping Turtle In Class Jonathan Turley. EeeeW!
Before I Forget: the video game that tackles dementia Guardian (UserFriendly)
US presses airlines to resist China over Taiwan Financial Times
EU army looms? Merkel backs Macron’s European Defense Force initiative RT (UserFriendly)
Interviewed by Vanity Fair Italia on the new 5S-Lega government – Read the original Q&A in English Yanis Varoufakis. Correctly critical of the right wing elements of the program,but still hopeful re weakening the austerity vise.
UK military secondments to EU to cease after Brexit Financial Times
Labour backs soft Brexit and keeping ‘full access’ to the single market after Britain leaves the EU Daily Mail. You cannot make this stuff up.
Iran Moves to Lift Its Nuclear Enrichment Capacity New York Times (UserFriendly)
Swift shows impact of Iran dispute on international business Financial Times. Key section:
Mr Trump reactivated the US sanctions against Iran last month when he pulled Washington out of the landmark 2015 nuclear accord with Tehran. Unless Swift wins an exemption, it will be required by the US to cut off targeted Iranian banks from its network by early November or face possible countermeasures against both its board members and the financial institutions that employ them.
These could include asset freezes and US travel bans for the individuals, and restrictions on banks’ ability to do business in the US.
Imperial Collapse Watch
The Empire Strikes Out Counterpunch
Big Brother is Watching You Watch
There Is No Justification for What Mark Zuckerberg Did to WhatsApp Slate. By Felix Salmon!
Exclusive: China’s ZTE signed preliminary agreement to lift U.S. ban – sources Reuters. Wowsers. Includes “replace its board and executive team in 30 days.”
China Offers to Buy Nearly $70 Billion of U.S. Products to Fend Off Trade Tariffs Wall Street Journal. Note Lambert included this i Water Cooler yesterday.
New York, Washington state propose double digit rate hikes for ObamaCare plans The Hill (UserFriendly)
Democrats in Disarray
The Democratic party is in a murky mess Guardian (UserFriendly)
Howard Schultz rips Democrats for veering too far left CNBC: “Just what we need, a clueless plutocrat that doesn’t know anything about economics.”
June 5 Primaries: DFA watching California U.S. Senate, U.S. House, key District Attorney races Democracy for America. Lambert will have much more to say about the elections in Water Cooler.
Why Our Green Parties Haven’t Taken Off Bruce Dixon, Black Agenda Report (Darius)
Social Security to tap into trust fund for first time in 36 years MarketWatch (Jim Haygood, Dr. Kevin). As Marshall Auerback said via e-mail:
So what? It’s just an accounting fiction. It’s like the idea of a “lock box”. The money allocated to the ‘hospital insurance fund’, just like the ‘Social Security Trust Fund’ is one of Uncle Sam’s cookie jars. He also has a defense cookie jar, a corporate welfare cookie jar, etc. We count taxes as Uncle Sam’s income, and he can pretend he stuffs the various cookie jars with those tax receipts — the payroll tax goes into the Social Security cookie jar, and he pretends it pays for Social Security spending. Maybe he pretends capital gains taxes go into the corporate welfare cookie jar. And so on. That is all internal accounting.
Same thing with the funding for the FDIC. You recall that there was a similar scaremongering tactic directed against the FDIC funding after the 2008 crisis. The concern was that it would ‘run out of money’ and would have to draw on a credit line directly from Tsy. The only reason why this was a problem from Bair’s perspective is that it would have effectively put the FDIC under the control of Geithner, (and, as you know, they had very different views on how to handle banks), but NOBODY seriously believed that the FDIC would run out of money, or else there would have been a ton of bank runs.
So this is the usual BS that you see from the deficit hysterians.
Police State Watch
With Guns Drawn, Police Broke Into Chelsea Manning’s Home Shadowproof (UserFriendly)
Seymour Hersh on spies, state secrets, and the stories he doesn’t tell Columbia Journalism Review (furzy)
Societe Generale to pay $750 million to settle LIBOR manipulation charges Pensions & Investments
This time is different? pic.twitter.com/f2cVpcmjEE
— Tracy Alloway (@tracyalloway) June 5, 2018
Here’s How Higher Education Dies Atlantic (David L)
If wages are to rise, workers need more bargaining power Free exchange. UserFriendly: “Maybe The Economist is planing a hostile take over of Labor Notes… That is the only explanation I have for this.”
Kate Spade’s devastated sister reveals the fashion designer had suffered years of mental illness, and was obsessed with suicide after Robin Williams killed himself but didn’t want treatment in case it damaged the brand Daily Mail
‘Fashion is evil’ — the cruel industry where Kate Spade worked New York Post (Li)
Antidote du jour. Eddie M: “The wildflowers and butterflies of the Ozarks, the ones on the milk thistle are from last summer.”
And a bonus:
Old English sheepdogs. pic.twitter.com/9eB5jqynvO
— Nature Inside (@nature1nside) June 3, 2018
See yesterday’s Links and Antidote du Jour here.