Monday, August 10, 2020

Crapification, Vanguard Style: Customer Service Rep Bullies Your Humble Blogger into Taking Security Risk

Vanguard behaves very badly.

Stimulus Talks on Verge of Failure as Both Sides Trade Blame

No news on the stimulus front is very very bad news.

Why Taiwan Is at the Heart of a Geopolitical Struggle to Produce Cutting-Edge Computer Chips

Why Taiwan could serve as a prototype for a tech proxy war.

2:00PM Water Cooler 8/6/2020

COVID round the world and in US regions ~ Party on! ~ Biden Corvette ad (good) ~ Biden fundraising, ad spend ~ Jamaal Bowman lets the cat out of the bag ~ Employment, rail, household debt ~ Southwest ~ Chickens and teargas ~ Abolishing race ~ Employment in DC vs. New York ~ Sid!

Peter Kuznick: Why Did Americans Accept Barbaric Slaughter of Japanese Civilians?

In 1939, Roosevelt decried targeting civilians as “inhuman barbarism”. In 1945, the U.S. firebombed Japanese cities and dropped nuclear bombs.

Links 8/6/2020

CalPERS Chief Investment Officer Ben Meng Resigns Following Our Exposing His False, Felonious Financial Disclosure Filings and Private Equity Conflicts of Interest

CalPERS Chief Investment Officer Ben Meng has left abruptly. If you’ve been paying attention, this isn’t a total surprise.

Mass Gatherings Contributed to Early COVID-19 Mortality: Evidence from US Sports

A clever and disconcerting analysis shows how much big indoor gatherings boosted Covid-19 deaths.

Why International Financial Regulation Still Falls Short

Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.

2:00PM Water Cooler 8/5/2020

COVID up-and-comers, swing states ~ Biden blows a gasket on cognitive testing question ~ Biden foreign policy ~ Allan Lichtman of keys fame predicts Trump loss ~ Cori Bush victory in Missouri ~ Employment, services, trade ~ Immunology ~ “The Science” ~ The Louvin Brothers ~ Adam Tooze

International Trade Has Cost Americans Millions of Jobs. Investing in Communities Might Offset Those Losses

After too many years of “Let them eat training,” a more practical answer to trade-induced job losses.

Links 8/5/2020

Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed

An inadequate second stimulus is guaranteed. The only question is “how inadequate”?

Remembering John Weeks

John Weeks was a leading critic of economic orthodoxy who dedicated his life to building a better world.

Preserve Our Post Office, Before It’s Too Late

It ought to be stunning that the Post Office needs to be defended….