Complex securities blamed in crisis make comeback FT. CDOs but for corporate debt, not subprime mortgages.
My experience as a whistleblower Slashdot (JB). Interesting Fujifilm-Intel connection.
The Tragedy of Venezuela is the Tragedy of the US Lawrence Wilkerson, Consortium News
If I was in PR … I might advise that … maybe too soon guys https://t.co/gukCJYYsuP
— Julia Buxton (@BuxtonJulia) May 1, 2019
‘Coup’ and ‘Revolution’ Are Loaded Words Best Avoided Leonid Bershidy, Bloomberg
What are we there for? LRB (J-LS).
Cyclone Fani: Odisha to evacuate 8 lakh people; ‘Orange’ alert for West Bengal, Andhra Pradesh Economic Times. Lakh = 100,000.
How the world’s largest democracy casts its ballots Asian Correspondent
What is really going on in China? Econintersect
My way or the Huawei: how US ultimatum over China’s 5G giant fell flat in Southeast Asia South China Morning Post
Data doesn’t support Belt and Road debt trap claims Sidney Morning Herald
China’s Selective Memory Project Syndicate. The May 4 movement.
New Cold War
Getting Somewhere With Russia: A Q&A With Angela Stent Russia Matters
Russia’s Democracy: What Happens After Putin? Council on Foreign Relations
Barr’s Hearing Was A Sneak Peek At The Next Few Months In Washington FiveThirtyEight (Re Silc).
Why Stephen Moore’s Fed Bid Failed The Atlantic
Trump’s Demolition Of Arms Control Lobe Log (Re Silc).
S. RES. 182: A resolution recognizing the duty of the Senate to condemn Modern Monetary Theory and recognizing Modern Monetary Theory would lead to higher deficits and higher inflation. Sen. David Perdue (original).
Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not Bloomberg (DK). Martin Wolf agrees:
— Mario Holzner (@MarioHolzner) May 2, 2019
Modern Monetary Theory (MMT)—A Response to Henwood Nathan Tankus, Rohan Grey, Scott Ferguson, and Raúl Carrillo, Monthly Review
Medicare For All’s Moment Is Here. Don’t Back Down. Bernie Sanders, Buzzfeed
Imperial Collapse Watch
The Left Needs to Stop Crushing on the Generals The American Conservative
“Thank you for your service.” Thread:
<At the hardware store>
Me: <reflexively> Retired.
Me: <non-committal grunt>
Cashier does cashier things, then..
Cashier: No, I really mean it.
Me: <trying to be polite> Thanks. Appreciate it. I'm in a hurry here.
— Stonekettle (@Stonekettle) May 1, 2019
As the county executive turns … St Louis American. One local newspaper takes down a local powerbroker …
Baltimore Mayor Pugh resigns after month on leave amid investigation into her business deals Baltimore Sun… as does another.
Workers in Mexico just won the right to organize real labor unions. Trump helped. Vox. The renegotiated NAFTA.
The Millennialization of American Labor The American Prospect (Re Silc).
Elite gathering reveals anxiety over ‘class war’ and ‘revolution’ FT. “[A]nother financial services executive, who donated to Hillary Clinton’s US presidential campaign in 2016, told the Financial Times: ‘I’d pay 5 per cent more in tax to make the world a slightly less scary place.'” Piker.
Sticky proteins could protect crops more safely than chemical pesticides Science (UserFriendly).
The Time Has Come for a Global Carbon Emissions Tax Project Syndicate. Oh?
Antidote du Jour (via):
See yesterday’s Links and Antidote du Jour here