Finance, the media and a catastrophic breakdown in trust John Authers, FT
World economy at risk of another financial crash, says IMF Guardian. Last para: “Like many institutions the IMF has warned that rising levels of inequality have a negative impact on investment and productivity as wealthier groups hoard funds rather than re-invest them in productive parts of the economy. Without a rise in investment economies remain vulnerable to financial stress.”
General Electric has an overactive imagination FT. “The fact that Mr Welch, Mr Immelt and Mr Flannery have each left toxic legacies suggests that GE’s reputation for managerial excellence is exaggerated.”
Ireland backs Theresa May’s plan for all-UK customs union with EU FT. Let me know how that works out…
Brexit: the dancing of May EU Referendum
Berlin’s untenable foreign-policy strategic vacuum Global Handelsblatt
Tensions rise on the South China Sea Politico
Is reform dead in China? Trump’s trade war may be breathing life back into the cause South China Morning Post
Ex-Malaysian PM Najib’s wife Rosmah pleads not guilty to 17 counts of money laundering and tax evasion Straits Times. The 1MDB case.
U.S. Policy Toward Syria: Part I United States Institute for Peace
At least six of Kavanaugh's Yale classmates have now said he was a sloppy drunk who surely had blackouts:
1. Liz Swisher
2. Lynne Brookes
3. Daniel Lavan
4. James Roche
5. Kit Winter
6. Chad Ludingtonhttps://t.co/KjMEc2QB7H
— Keith Boykin (@keithboykin) October 2, 2018
Meaning perjury. What’s all the more remarkable is that Kavanaugh stonewalled, when narratives like “I was young and stupid, but I’ve changed” come so easily.
FBI has not contacted dozens of potential sources in Kavanaugh investigation NBC (Furzy Mouse).
The Senate, Not the FBI, Should Investigate Kavanaugh The American Conservative
Our Famously Free Press
CPJ Safety Advisory: Pegasus spyware used to target journalists, civil society Committee to Protect Journalists. One more reason not to have a smart phone.
Driverless police cars of future could act as mobile courtrooms The Times. What could go wrong?
O Caption, My Caption: The National Theatre rolls out accessible smartglasses Wareable. There’s that word, “smart.”
Imperial Collapse Watch
The Committee to Save the World Order Foreign Affairs. These dudes are still yattering on about a “rules-based order” after Bush’s invasion of Iraq and 15 years of our Middle East shenanigans, including rebooting the slave markets in Libya with a bombing campaign.
U.S. military comes to grips with over-reliance on Chinese imports Reuters (EM). EM: “Reshoring – it’s not just an issue for the Deplorables anymore.”
Steel is surging under Trump. Will workers benefit? WaPo. By Betteridge’s Law….
Metro says it doesn’t know what to do about falling ridership. An internal report lays out exactly what to do. WaPo. “However, according to the analysis in this report, on a daily basis, the [Uber and Lyft] transport about half as many passengers as Metro, providing about 300,000 passenger trips in the region.” For a median driver wage of $9.73/hour. Looks to me like the squillionaires subsidizing Uber and Lyft are destroying public transporation. Perhaps that’s their goal, and spending the big bucks to do that is worth it to them.
‘Sokal Squared’: Is Huge Publishing Hoax ‘Hilarious and Delightful’ or an Ugly Example of Dishonesty and Bad Faith? Chronicle of Higher Education. More on “grievance studies.”
Antidote du jour (vanda):
Vanda writes: “My dog with some echinacea.”
See yesterday’s Links and Antidote du Jour here.