Links 7/18/2024

Colorado rattlesnake “mega den” gaining national attention via webcam for citizen science The Colorado Sun

Near-extinct crocodiles make comeback in Cambodia BBC

Wall Street Senses the Barbarians Are Finally at the Gates Bloomberg. Commentary:

Has private equity become a Ponzi scheme? Unherd

Boston 25 is shrinking. You won’t be surprised to learn that private equity is to blame. Dan Kennedy

Climate

With CO2 Levels Rising, World’s Drylands Are Turning Green YaleEnvironment360

Global Economic Governance: What’s “Growth” Got to Do with It? Ann Pettifor, Carnegie Endowment for International Peace

World’s largest uncontacted indigenous tribe spotted evading loggers in Peruvian Amazon Anadolu Agency

Water

Alarming study suggests drought side effect is killing off key underground species: ‘We know so little about them’ The Cooldown

Syndemics

Bird flu could become a human pandemic. How are countries preparing? Nature

An H5N1 pandemic is inevitable — here’s why. Canada Healthwatch

U.S. bird flu response builds on lessons learned from COVID (interview) Mandy Cohen, Harvard T.H. Chan School of Public Health. Cohen: “We have not seen a human-to-human transmission of this virus.” But see 2005; 2006.

GISAID: The Plot Thickens Avian Flu Diary

China?

China halts nuclear arms talks with US over Taiwan support Al Jazeera

WTO says China is backsliding on key reforms and lacks transparency on subsidies South China Morning Post. Commentary:

‘New model for human civilisation’: What is so unique about China’s style of modernisation? Channel News Asia

Inside China’s Psychoboom JSTOR Daily

Bangladesh shuts universities, colleges indefinitely after protests turn deadly Channel News Asia

The Koreas

Korean Nuclear Stocks Soar on Multibillion Dollar Czech Deal Bloomberg

Syraqistan

Israel’s military will begin drafting ultra-Orthodox men on Sunday. It could rattle the government AP

Why does Israel step up its attacks when Gaza ceasefire talks advance? Al Jazeera

Pro-Israel lobby smells blood in coordinated lawfare against media critics Pearls and Irritation

Dear Old Blighty

The King’s Speech: a half-baked hotchpotch that delivers something considerably less than a vision Funding the Future

The Muslim Vote Craig Murray

Same Blade New Left Review

New Not-So-Cold War

Germany plans to halve military aid for Ukraine BBC

TurkStream instead of LNG: Gazprom floods Southeast Europe with pipeline gas (Google translation) Berliner Zeitung

Donald Trump will demand Russia-Ukraine peace talks if re-elected, claims Viktor Orbán FT

* * *

​​Trump on easing restrictions against Russia: We’re forcing everyone away from us Ukrainska Pravda

J.D. Vance: The Math on Ukraine Doesn’t Add Up NYT

Why JD Vance will be good for Europe Unherd

Ukraine clears law on suspending debt payments, resumes formal bondholder talks Reuters

* * *

Total of 144 combat clashes occur on battlefield in Ukraine during day, with hottest situation on Toretsk front Ukrainska Pravda

Russia’s retreat from Crimea makes a mockery of the West’s escalation fears The Atlantic Council

Dysfunction Sidelines Ukraine’s Parliament as Governing Force NYT

* * *

Russia Is Using Lawsuits to Fight the West’s Sanctions Foreign Policy

The President and part of the opposition in Georgia will challenge the “foreign agents” law in the Constitutional Court JAM News

Reimagining Russia The National Interest

2024

Biden says he would drop out of race if diagnosed with ‘medical condition’ as pressure from Democrats grows Independent. Commentary:

And:

Hubris; nemesis.

* * *

The Donald Trump Interview Transcript Bloomberg

* * *

RNC 2024 Day 3 updates: JD Vance touts working class roots in debut as VP nominee ABC

Mass deportation line Politico

* * *

Trump Seizes on Crypto as ‘Wedge Issue’ as Donors Cheer Him On Bloomberg

Bitcoin hits 1-month high of $66,000 amid hopes of Trump’s pro-crypto stance Anadolu Agency

SPAC = Special Purpose Acquisition Company:

* * *

A Blind Spot and a Lost Trail: How the Gunman Got So Close to Trump NYT. Commentary:

FWIW:

* * *

The changes in vibes — why did they happen? Marginal Revolution

Supply Chain

Maersk says Red Sea shipping disruption having global effects Hellenic Shipping News

Healthcare

US Health Care Now Unaffordable for Nearly Half of Americans Newsweek

Nasal Sprays Reduce Sick Days From Respiratory Illnesses in High-Risk Patients MedPage Today

Zeitgeist Watch

“It’s All Just F*cking Impossible:” The Influence of Taylor Swift on Fans’ Body Image, Disordered Eating, and Rejection of Diet Culture Social Science and Medicine

Crowdfunding Regulation (PDF) SSRN. From the Discussion: “Crowdfunding, a groundbreaking financial mechanism, has gained substantial traction in recent years as a means of raising capital for various ventures, projects, and enterprises from a diverse group of individuals or entities. The rapid evolution and widespread adoption of crowdfunding have raised critical regulatory considerations to ensure investor protection, market integrity, and the overall stability of the financial ecosystem.”

School Vouchers Were Supposed to Save Taxpayer Money. Instead They Blew a Massive Hole in Arizona’s Budget. ProPublica

Class Warfare

Amazon Prime Day ‘major cause of injuries’ for workers, Senate finds CNN

You Can Never Have Too Much Money, Happiness Researcher Finds Bloomberg

What Happened to Ancient Megafauna? Nautilus

Antidote du jour (Brian Dell):

See yesterday’s Links and Antidote du Jour here.

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About Lambert Strether

Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.

25 comments

  1. Antifa

    In the land of the obese
    Will wonders never cease?
    A starving Gaza waif
    Can’t be rendered safe
    AIPAC funding would decrease

    Miss Lindsey Graham the Senator
    Demands we drain our powder store
    This princess will get off her toosh
    To play the role of Scaramouche
    And launch a splendid little war

    Putin met Xi in Beijing
    Two excellent friends designing
    A world not possessed
    By the ghouls of the West
    Who do not get to say a damn thing

    Mitch McConnell’s now Senate Minority
    Yet he still grants AIPAC his authority
    By brief calculations
    Their humongous donations
    Mean they get what they want as priority

    Ted Cruz heard that Houston got stormed
    Or so he was promptly informed:
    ‘It looks like Hiroshima’
    So Ted rang up FEMA
    To explain that the climate has warmed

    When the USS Roosevelt bombs Beirut
    They’ll be flying straight into a big crapshoot
    When your carrier sinks
    From Hezbollah’s highjinks
    Can you swim in your sailor suit?

    Reply
  2. The Rev Kev

    “Maersk says Red Sea shipping disruption having global effects”

    ‘Maersk warned on July 1 the coming months would be challenging as disruptions to shipping via the Red Sea continue.’

    By disruptions I am sure they mean attacks. About two days ago an uncrewed suicide boat hit the tanker Chios Lion causing a spectacular explosion that must have been felt all the way back to Lloyds of London-

    https://www.youtube.com/watch?v=Li2jLU7Qcuk (1:05 mins)

    Reply
    1. ChrisFromGA

      That isn’t going to just buff out.

      At a very minimum that ship is likely out of commission for a while, as it will need a thorough inspection of the hull to look for structural damage.

      There was a report yesterday that a crude tanker capsized in the Gulf of Aden … unclear whether the Ansar Allah took credit.

      Reply
      1. MicaT

        What Maersk ment is that a huge number of ships are going around the southern tip of Africa instead of Red Sea.
        But its winter meaning huge seas which has caused damage and further delays waiting for calmer seas before many ships can go around. And it also physically slows them down.
        That’s according to a number of sites.

        Reply
  3. Victor Sciamarelli

    It should be obvious by now that the RP is no longer the party of the Mitch McConnell types. It’s not even the same as it was in 2016. I think nothing makes that clearer than Trump’s choice of Mike Pence in 2016 is wildly different from J D Vance today.
    As the democrats double down on the PMC vote, and the likes of Kamala Harris, I think they and their supporters need to better understand the appeal of Vance and the republican shift toward working class issues, trade, and foreign policy.
    A recent interview at Unheard With Oren Cass, an associate of Vance, is worth watching.
    Oren Cass, The philosophy of J. D. Vance
    https://m.youtube.com/watch?v=WuKDboLUZM0

    Reply
    1. Amfortas the hippie

      And it occurred to me, jawin w my youngest on 4hr drive to lubbock, yesterday:
      Could a lot of vance’ parrotting of traditional gop yelling points be a sop to confuse the reagan dead enders and lindseys of the gop?
      Save for his zionism, such righty pablum contradicts a great deal of his past stTements.
      Punchinh iran would gel w his israel fetish, but he seems intelligent enough to know that they r now mil allies w rus y china…
      Lotsa ink in the water

      Reply
  4. The Rev Kev

    “Russia’s retreat from Crimea makes a mockery of the West’s escalation fears”

    For the Ukrainians the destruction of the Kersh bridge remains their obsession as if the whole war depended on whether it stands or not. But for Neocons, the obsession remains Crimea as can be seen in this Atlantic Council article. There is no other place that they talk about so much. Last year’s offensive had the aim of cutting off the Crimea so that it would fall to the Ukrainians and I am sure that this idea was pushed by Washington as were other pre-war attacks. I guess that they figure that if they can take Crimea, this would lead to Putin’s fall and him being replaced by a more western-friendly regime leading to the Ukraine winning. Whatever.

    Reply
    1. ChrisFromGA

      That article was chock-full of horse manure. Certainly, it had neo-con ghostwriting all over it.

      Reply
    2. sarmaT

      Obsession with Crimea have aways been a part of the Great Game. Ukrainians, Neocons, et al. are just walking in the ol’ limey footsteps.

      Reply
    3. eg

      That article is delusional, drawing as it does conclusions out of all proportion to the significance of the naval theatre in this conflict. Someone also ought to ask the author what significance, if any, similar land-based Houthi interdiction of the Red Sea implies — the spluttering contortions that would draw from the Atlantic Council on the heels of this article ought to be wondrous to behold …

      Reply
  5. ChrisFromGA

    New Biden campaign slogan:

    “Four more weeks! Then, it’s Harris Time!”

    [Best heard in a voice like Kamala’s, followed by: “ha-ha-ha-HA-HA-HA!!”]

    Reply
  6. The Rev Kev

    “J.D. Vance: The Math on Ukraine Doesn’t Add Up”

    Could it be that J.D Vance is an occasional reader of Naked Capitalism? Because what he says is very familiar to readers here. And what he says is true. That the maths does not add up for the Ukraine. He seems to be a very mixed bag though. Most of this article is just common sense but then he will say something like this

    ‘While some European countries have provided considerable resources, the burden of military support has thus far fallen heaviest on the United States.’

    Is he serious? Without the United States, there would have never been a war in the Ukraine. There would be no Neo-Nazi presence in that country, the NS2 pipeline would still be operational. the economies of the EU would not be in taters and hundreds of thousands of people would still be alive. So who is he trying to kid?

    Reply
    1. ilsm

      For Germany and France “considerable” describes the large donations compared to their available assets.

      He got the human resource deficiencies part of Kiev war right and the article was written last April 2024!

      Vance seems to have a view toward logistics in his USMC experience. Good point he used “materiel” wrt shortages. Materiel includes the big stuff like gun tubes which US also has none to send as Ukraine wears them out.

      Vance could have gone deeper in what the US does not have/give enough.

      One point I have observed is to get Kiev built up to an “air land battle” suite of materiel would require a USAF deployment half again the size that was done for Desert Storm. In a much more challenging supply locale.

      Reply
    2. Benny Profane

      He’s just being diplomatic. Like his shift at the end advocating a defensive strategy to make negotiations possible. That’s “fantastical” too, especially when the money we sent them for bunker building vanished in thin air, and even the Russian rookie reservists were blown away at how easy it was to get near Kharkiv. He’s a lone voice in both houses, and probably doesn’t see more than pocket change from the MIC, but soon he will be a heartbeat away with a 79 year old boss who is really out of shape and, I must say, looks somewhat shattered from his ear job.

      Reply
  7. Wukchumni

    Wash away my troubles, wash away my pain
    With the reign of Kamala
    Wash away Joe’s sorrow, wash away his shame
    With the reign of Kamala

    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah, yeah, yeah
    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah, yeah, yeah

    Everyone is unhelpful, everyone is of like mind
    On the road to Kamala
    Everyone is plucky, everyone is of like mind
    On the road to Kamala

    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah, yeah, yeah
    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah, yeah, yeah

    How does the right shine
    In the rise of Kamala?
    How does the right shine
    In the rise of Kamala?

    I can tell my sister by the deer in the headlghts look in her eyes
    On the road to Kamala
    I can tell Hunter is screwed by the look in his eyes
    On the road to Kamala

    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah yeah, yeah
    Ah-ooh-ooh-ooh, ooh-ooh-ooh, yeah
    Yeah, yeah, yeah yeah, yeah

    How does the hard right shine
    In the rule of Kamala?
    How does the hard right shine
    In the rule of Kamala?
    Tell me how does the hard right shine
    In the rule of Kamala?
    (Tell me how) How does the hard right shine
    In the rule of Kamala?

    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Yeah, yeah, yeah yeah, yeah
    Ah-ooh-ooh-ooh, word salad, ooh-ooh-ooh, yeah
    On the rule of Kamala
    Ah-ooh-ooh-ooh, ooh-ooh, yeah
    Shambolic-Kamala
    Ah-ooh-ooh-ooh, ooh-ooh-ooh, yeah
    On the rule of Kamala

    Shambala, by Three Dog Night

    https://www.youtube.com/watch?v=SlWrMpV1vy0

    Reply
  8. ambrit

    The Nautilus piece on megafauna extinctions is another shot in the continuing war between the Gradualist and Catastrophist camps in palaeontology. Strictly speaking, palaeontology ends at the time of the major megafauna extinctions, roughly 11,400 years ago. That date coincides with the end of the Younger Dryas period.
    The Gradualists posit that increasingly large bands of Terran humans hunted the big furrys to extinction. However, before the Modern period, such events were not common. Consider the population differences alone. Several million Terran humans in North America, which is a high figure given the evidence, versus tens of millions of megafauna. Secondly, hunter gatherers seldom hunt their main prey species to extinction. The early Terran humans were not as unsophisticated as all that. Natufian culture sites, an early transitional phase of Terran human culture, from pure hunter gathering to mixed hunting and agriculture, show evidence of domestication of food and ‘helper’ animals. Consider also that the mass extinctions in North America all happened at the same time, the Younger Dryas, along with an evident near extinction of the Terran human populations. The extinctions were not restricted to North America. Mass bone sites of megafauna species have been found in Eurasia as well as North America. Whatever happened, it was a world wide event.
    The Catastrophists suggest that some extreme event caused the megafauna, and in North America, Terran human, near extinctions. The evidence for this hypothesis is well laid out by the members of the Comet Research Group.
    See: https://cometresearchgroup.org/
    This is a Rabbit Hole well worth diving into.

    Reply
    1. Wukchumni

      Consider the Moa, the largest of megafauna in NZ, a 10 foot high Emu of sorts that would have the NBA in a tither, were they not all killed and eaten in a century by the Maori utilizing crude weaponry and most important, burning them out of their hidey holes.

      https://en.wikipedia.org/wiki/Moa

      Reply
    2. The Rev Kev

      Fully agree here. That megafauna must have needed a lot of calories to get by on each and every day but if the climate shifts leading to the loss of the habitat that supported them, then they are all out of luck. And like you pointed out, humans nearly went out because of the the Younger Dryas which lasted about a millennia. It stands to reason that many species were also pushed to the edge or even over it. If humans hunted them to extinction, it would have been like sweeping up the fag ends.

      And that link was interesting as they may have a point. Fairly recently they discovered a meteor crater here in Oz. They missed it up to now as the damned thing is over 520 km in diameter – about 323 miles. It is colossal and god knows what the world wide effects of that must have been like when it hit. The article says that ‘is likely responsible for triggering the large-scale glaciation and mass extinction during this period, an event which eliminated about 85% of species’

      https://johnmenadue.com/planet-killer-worlds-largest-asteroid-impact-crater-discovered-in-deniliquin-australia-pic/

      Reply
  9. Mark Gisleson

    “Korean Nuclear Stocks Soar on Multibillion Dollar Czech Deal Bloomberg”

    Initially misread this as meaning that North Korea had incorporated its military and you could now invest in nuclear warheads. Silly misreading but if that were the case it would be interesting. Buying and selling stocks in nuclear armaments would be the ultimate scorpion-frog river crossing private equity ethical quandry.

    Reply
  10. CA

    [ If large manufacturing exporters run large, persistent trade surpluses, that is the evidence you need that they are subsidizing their manufacturing sectors at the expense of their trade partners.

    — Michael Pettis ]

    Since among the 10 largest economies, Japan and Germany have had by far the largest, most persistent trade surpluses, we can conclude that Japan and Germany are subsidizing manufacturers at the expense of trade partners. China has had a relatively small trade surplus, much of which is due to sanctions that prevent China from buying needed and desirable products.

    Reply
  11. The Rev Kev

    ​​”Trump on easing restrictions against Russia: We’re forcing everyone away from us”

    If Trump become President, I think that he is in for a coupla surprises. So he probably figures that he can force the Ukrainians to negotiate by chopping their money – which is true. With the Russians, he probably figures that he can get the Russians to negotiate by promising to lift sanctions. I don’t think that Congress will let him and between now and November, they may try to make aid to the Ukraine Trump-proof. But for the Russians they will not be interested unless larger issues are dealt with at the same time like NATO threats to Russia, nuclear missiles stationed in Europe, etc. The sanctions sting but they have learned to live with them. Certainly they will not settle for a conflict freeze as that would be in effect a Ukrainian victory. So Trump may be out of his depth here if he tries to handle it like one of his real estate deals.

    Reply

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