Giraffes just silently went to the list of endangered animals facing extinction India Today (furzy) :-(
New calculations may finally make fusion energy a reality Futurism (David L)
China’s African debt-trap: Beijing prepares to seize Kenya’s port of Mombasa Taiwan News (Paul R)
Australia is now a popular destination for a Chinese wedding photography craze SBS. Kevin W: “Not just Australia either. Chinese pre-wedding photos are apparently big thing with the Chinese.”
Exclusive: Civil servant accuses ministers of ‘Project Fear Mark III’ over no-deal Brexit Telegraph. I’m skeptical due to repeated demonstrations of the Government’s incompetence. Richard North concurs, albeit for different reasons:
This is quite unlike anything written by a civil servant that I have ever seen and, given the propensity of Telegraph journalists to make things up, we cannot avoid the suspicion that this is another piece of fakery to which big-name journals are prone.
A Second Referendum would take a minimum of 21 weeks (147 days) & requires Government support to happen say, LSE, UCL, IoG & Guardian.
— Tory Fibs (@ToryFibs) December 28, 2018
Some context – it is much harder under Irish law for banks to foreclose on mortgages, hence they are often stuck with underperforming loans on their books for many years (some claim this has led to Ireland having higher mortgage costs than anywhere else in Europe). Hence the attractiveness to the mainstream banks to sell these off to vulture funds. To be fair, some do seem better than Irish banks at more imaginative ways to manage these loans, but there are increasing fears that they will start ejecting people (no clear evidence of this yet).
Syria Sitrep – Army To Regain Northeastern Territory – Political Isolation Ends Moon of Alabama (Kevin W)
On the Front Line of the Saudi War in Yemen? Child Soldiers from Darfur New York Times (resilc)
Two new US bases in western Iraq Sic Semper Tyrannis. Resilc: “Why not fund a wall here too?”
Former McKinsey Executive Imprisoned by Saudis Wall Street Journal (Brian C). As one former McKinzoid noted, “I remember a time when acquisitions were as verboten as operating in dodgy countries….”
Trump threatens to shut ‘entire’ border as shutdown stalemate drags on Sydney Morning Herald (Kevin W)
Trump Scores, Breaks Generals’ 50-Year War Record American Conservative (resilc)
Martha r: “I (left) was proud to appear with my partner and his son and daughter this afternoon
and thrilled to be retweeted by greta around the world!”
— Justin Brown (@dropshotthenlob) December 28, 2018
Why did nobody mention that Beto O’Rourke’s wife is a billionaire heiress? Spectator USA (furzy)
Maine governor deems congressional election ‘stolen’ while certifying result CNN. Kevin W: “What a dick! He actually wrote ‘stolen election’ next to his signature. You can see it in the image.”
There have been 8,662 trading days since August 1984 (the furthest back we have intraday data). Of all those days, there has been only 1 when the S&P 500 was down more than 2% at 2:30 and reversed enough to close up by more than 0.5%
That was October 28, 2008.
— SentimenTrader (@sentimentrader) December 27, 2018
Tesla adds Larry Ellison to its board after SEC slapdown Engadget (EM). What sexual favors were exchanged for Tesla to get this headline? As if Ellison were a model of corporate governance. Gah. His board is packed with cronies. An even more telling take: Tesla Brings On The Grizzled Theranos Team Seeking Alpha
Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company CNBC. Kevin W: “Am I reading this right? He destroys Sears and the uses his hedge fund to buy it up on the cheap?”
Confirming our dim vies of Paetron (Chuck L):
So @Patreon suspended my account.
They did this in secret. They have not notified me.
I simply noticed that they stopped sending me money.
— Scott Helme (@Scott_Helme) December 24, 2018
Ohio Minimum Wage will Increase to $8.55 on January 1 ClevelandScene (Carla R)
$800 Million in Taxpayer Money Went to Private Prisons Where Migrants Work for Pennies Daily Beast (resilc)
Teachers Quit Jobs at Record Rate Wall Street Journal
‘Shameful’: As Shutdown Continues, Trump Administration Suggests Unpaid Federal Workers Do Odd Jobs for Landlords to Cover Rent Common Dreams. “Let them eat barter.”
SF to developer who tore down landmark house: Rebuild it exactly as it was San Franciso Chronicle (Kevin W)
Accounting as if people mattered Richard Murphy
Antidote du jour (margarita):
And a bonus video:
See yesterday’s Links and Antidote du Jour here.