Business Roundtable Redefines the Purpose of a Corporation to Promote ‘An Economy That Serves All Americans’ Business Roundtable. It’s a cookbook.
Paging Big Brother: In Amazon’s Bookstore, Orwell Gets a Rewrite NYT. “The preface referred to another great Orwell work, ‘Homage to Catalonia,’ as “Homepage to Catalonia.'” Fraud scales.
Boris Johnson lays down law to the EU: Prime Minister DEMANDS Brussels drops plan for ‘unviable’ backstop and replace it with a new legal commitment to avoid hard border in Ireland Daily Mail. The text of Johnson’s letter.
Freedom of movement for EU citizens coming to the UK will continue largely unchanged after a no-deal Brexit Business Insider. The UK does not have the organizational capacity to put a new system in place by deadline.
That Iranian tanker:
The tanker's AIS is now saying that it'll arrive in Kalamata on August 26th. Our analysis is that she'll be avoiding EU waters and not even enter Greece, but most likely offload a million barrels onto an empty Iranian-flagged Suezmax in order to continue back to Iran via Suez. pic.twitter.com/ly9R4oprp9
— TankerTrackers.com, Inc.⚓️🛢 (@TankerTrackers) August 19, 2019
Kashmir: DW reporter’s first-hand account of the ‘siege’ Deutsche Welle
What happened to Trump’s Kashmir mediation offer The Express Tribune
Hong Kong gov’t to start work immediately on building platform for dialogue: Carrie Lam Xinhua. Start with the Five Demands? Lol, no.
China’s Great Firewall no barrier to ugly online battles over Hong Kong protests South China Morning Post
* * *
China: How Fragile Is the Giant? Valdai Discussion Club
Stolen rail plates, screws caused train derailment Bangkok Post. Readers, any metal theft stories in your area?
New Cold War
The ‘Celebritization’ of Protest in Russia Moscow Times
Ask Not What the Kremlin Will Do Next The Wilson Center
Trump’s Foreign Policy: All Coercion, No Diplomacy The American Conservative
When the Lights Went Out: On Blackouts and Terrorism MIT Press Reader
Trump 2020: Be Very Afraid Matt Taibbi, Rolling Stone (Furzy Mouse). Well worth a read.
In Nuevo Laredo, Trump’s ‘Remain in Mexico’ Program Feels Chaotic and Dangerous Texas Observer. Deck: “It’s also kind of working.”
L’Affaire Joffrey Epstein
Key Unanswered Questions About Epstein Death and Cameras WhoWhatWhy (Furzy Mouse).
Black Injustice Tipping Point
How Life Became an Endless, Terrible Competition The Atlantic (Re Silc).
Reforming Social Security to Save Social Security Federal Reserve Bank of Chicago (Re Silc). “So what does the optimal plan look like? Ndiaye calculates that the average retirement age would be 69.6 years and the labor force participation rate for individuals aged 65–69 would be 78%. In comparison, in the U.S. today, the average retirement age is 66.5 years and the labor force participation for 65–69 year olds is 32%.” Personally, I view retirement to a life of shuffleboard as a death sentence, and want to work ’til I drop. But I don’t have the pain that millions of workers have after a lifetime of labor, either, or grandchildren to spend time with. So “three more years in the workforce, no problemo” is “optimal” for whom? Morality aside, MMTers will know the economics are full of lies.
Modern Money and the War Treasury Global Institute for Sustainable Prosperity
New Electric Motor Could Boost Efficiency of EVs, Scooters, and Wind Turbines IEEE Spectrum. Readers?
Antidote du jour (via):
See yesterday’s Links and Antidote du Jour here.