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Links 4/2/2022 | naked capitalism

by Yves Smith
April 2, 2022
in Finance
Reading Time: 10 mins read
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Lambert and I, and lots of readers, agree that Ukraine has prompted the worst informational surroundings ever. We hope readers will collaborate in mitigating the fog of conflict — each actual fog and stage fog — in feedback. None of us want extra cheerleading and link-free repetition of memes; there are platforms for that. Low-value, link-free pom pom-wavers will likely be summarily whacked.

And for individuals who are new right here, this isn’t a mere well mannered request. We’ve written website Insurance policies and those that remark have accepted these phrases. To forestall having to resort to the nuclear choice of shutting feedback down fully till extra sanity prevails, as we did throughout the 2015 Greek bailout negotiations and shortly after the 2020 election, we’re going to be ruthless about moderating and blacklisting offenders.

–Yves

P.S. Additionally, earlier than additional stressing our already careworn moderators, learn our website insurance policies:

Please don’t write us to ask why a remark has not appeared. We should not have the bandwidth to research and reply. Utilizing the feedback part to complain about moderation selections/tripwires earns that commenter troll factors. Please don’t do it. These feedback may also be eliminated if we encounter them.

P.P.S. Our mod Jules is again from a repeatedly-Covid-postponed vacation in Norway. Had a good time and is sending aurora borealis vids.

* * *

Flamingo Noticed off Texas Coast, 17 Years After its Escape from a Zoo Sputnik (Kevin W)

The Crooked Forest: A Thriller Value Exploring TheTravel (David L)

Brawn Earlier than Brains: Mammals Bulked Up To Survive Put up-Dinosaur World SciTechDaily (Kevin W)

Betty Reid Soskin, America’s oldest energetic ranger, retires on the age of 100 Guardian (resilc)

Canada’s Supreme Courtroom upholds C$9m nice on maple syrup thief BBC (resilc)

AI-Directed Algae Blooms Increase Biofuel Prospects IEEE Spectrum (David L)

Timnit Gebru Is Constructing a Sluggish AI Motion IEEE Spectrum (David L)

#COVID-19

Science/Medication

Groundbreaking collaborative work defines the chance of SARS-CoV-2 variants on immune safety Information-medical.internet (Kevin W)

There may be now little doubt that SARS-CoV-2 is neurotrophic. It infects the mind: “neuroinflammation, microhemorrhages, mind hypoxia…together with neuron degeneration and apoptosis [is] seen amongst animals that don’t develop extreme respiratory illness” https://t.co/GATm7WIwUn

— Dr Satoshi Akima FRACP 『秋間聰』 (@ToshiAkima) April 2, 2022

Highlighting COVID-19 racial disparities can cut back assist for security precautions amongst White U.S. residents Social Science & Medication

I do know a number of youngsters within the UK which have had “Omicron” 3x since December. All wholesome earlier than December.

BA.1
BA.1
BA.2.x

— Alex Meshkin, GED (@alexmeshkin) April 1, 2022

Russian Well being Ministry registers world’s first nasal spray coronavirus vaccine TASS. Thoughts you, that is first to deploy, not first to develop. Scientist GM provides: “I’d not be stunned if the troops have been all given it earlier than the invasion was launched, although it will have needed to be an up to date pressure to be actually efficient towards an infection.”

Asia

China experiences 2,129 new COVID instances for April 1 vs 1,827 a day earlier Reuters

Robotic canine with loudspeaker barks COVID directions in China New York Put up. Kill me now.

UK/Europe

And this is the place for the 4 nations, with
will increase in E,W and NI, however a lower in S which was the best ever recorded within the 4 nations final week.

4.9m are estimated to be optimistic within the UK, one other all time excessive.

2/ pic.twitter.com/t9HOkgh3B5

— John Roberts (@john_actuary) April 1, 2022

Local weather/Setting

California Snowpack Melts, Leaving State Determined for Water Bloomberg

Chemical air pollution: Browsing in poisonous waters France24 (furzy)

Shortages

Practically 1 in 3 meals firms compelled to cut back or shutdown manufacturing Brussels Occasions. From IM Doc, unbiased of above story, by e-mail:

2 fascinating affected person conversations this week…The opposite was the retired CEO of one in all our massive Ag corps. He informed me in no unsure phrases to start to do every thing I may to organize. All types of issues are brewing with the nation’s meals provides and provide chains and the actual ache is not going to begin till later this summer season or fall – however it’ll be actually ugly. He charges the chance to be someplace between “epic and biblical”

IM Doc is in deep flyover, and so his space by being on the finish of provide chains might be early to be hit (recall Jared Diamond on Montana). Nonetheless….

Powerless: Sri Lanka plunges into darkness amid gasoline disaster FirstPost

China?

President Xi Jinping Holds a Digital Summit with Leaders of France and Germany Ministry of International Affairs of the Individuals’s Republic of China. Distinction that with the article under:

China-EU Summit Highlights Diverging Paths The Diplomat (RobertC). Hoo boy, presumptuous. The West, right here the EU, retains attempting to strain China to muscle Russia, which China has repeatedly made abundantly clear they won’t try this. And to be crass, what leverage does the EU have over China? A patrons’ strike shouldn’t be a reputable risk. Sure, it will damage China however China’s countersanctions would damage extra. This half is par for the obstinacy: “The general impression was that China was desperately attempting to show again the clock, to a less complicated time in China-EU relations.” No, China shouldn’t be determined. That is probably the Chinese language being well mannered as a result of they regard the EU as hostage to the US (the readoout exhibits Xi made remarks to that impact, which after all EU officers denied).

Xi calls on EU to kind unbiased China coverage, encourages bloc to take major function for Ukraine decision World Occasions. World Occasions, a home organ, is an efficient register of the official response. A key bit comes late within the piece:

Hours earlier than the China-EU leaders’ conferences on Friday, Chinese language analysts warned that China-EU relations can’t be kidnapped by the Ukraine disaster, and Europe ought to not be kidnapped by the US in overseas coverage, as it is going to drastically undermine the EU’s personal pursuits, making it tough to make sure financial restoration and other people’s livelihood, and runs counter to Europe’s purpose of pursuing strategic independence.

Extra proof that pushing China is counterproductive: China Calls U.S. ‘Main Instigator’ of Russia, Ukraine Battle Newsweek (furzy). I assume this was after the summit….

China sanctions US officers who ‘concocted lies’ on human rights Hong Kong Free Press. The US needs China’s assist with Russia after which imposed new sanctions after the conflict said. Does anybody within the State Division have an working mind cell?

G20 Summit a diplomatic minefield for host Indonesia Asia Occasions (Kevin W)

New Not-So-Chilly Battle

Russian Oil Is Too Low cost To Resist For China And India OilPrice (reslic)

Russia’s Gazprom exits German enterprise amid disaster in vitality ties Reuters (Kevin W). Follows a raid on Gazprom workplaces in Germany.

UK sanctions Alfa, Gazprombank and Lavrov’s step daughter Reuters. Notice this was as of March 24, the identical day Putin made his announcement of his fuel for roubles plan. The UK will get solely 3% of its fuel from Russia. Russian officers will need to have observed this sanction and nonetheless selected to stipulate solely Gazprombank and never one thing on the order of “a financial institution headquartered and licensed in Russia ” because the recipient of the common in by implication unsanctioned within the purchaser’s nation. The previous Royal Dutch Shell, now Shell, which as soon as within the Hague however a registered workplace in London, is now a London-based firm and eradicated its twin shares in January 2022. Nonetheless, Shell appeared to be rather more of a Russian oil than fuel purchaser (fuel patrons are usually utilities). It was known as out in a March 4 Wall Road Journal story for purchasing discounted Russian crude and introduced March 8 that it was going to discontinue shopping for Russian oil and fuel. So it’s not clear the UK Gazprom sanction has a lot sensible impression.

Russian corporations will be capable to pay for planes to overseas collectors in rubles RIA. Authentic: Российские фирмы смогут платить за самолеты иностранным кредиторам в рублях

Putin ally warns agriculture provides may very well be restricted to ‘associates’ Cyprus Mail (Kevin W)

Meet the New, Useful resource-Based mostly World Reserve Foreign money Pepe Escobar, The Saker. Means too triumphalist. Keep in mind Gramsci:

The disaster consists exactly in the truth that the previous is dying and the brand new can’t be born; on this interregnum an incredible number of morbid signs seem.

Hundreds of Russia-linked transport containers are inflicting a ‘nightmare’ scenario within the Port of Rotterdam Enterprise Insider (Kevin W)

* * *

Don’t again down, Britain urges Ukraine The Occasions (Li)

Russia, Ukraine and the Legislation of Battle: Battle Crimes Scott Ritter, Consortium Information

Kyiv informed London that it doesn’t intend to adjust to the Geneva Conference on prisoners of conflict TASS. Solely out there on Russian websites. Surprise if/when it will make it to the English model of TASS. From a translation:

The Kiev management knowledgeable the British International Workplace that it didn’t intend to adjust to the Geneva Conference within the remedy of Russian prisoners of conflict. That is said in a message launched on Friday by the press bureau of the International Intelligence Service (SVR) of the Russian Federation.

* * *

Sweden ‘wants the safety of NATO membership’: Main Swedish MEP France24 (furzy)

NASA says Russia continues to be ‘shifting towards’ extending the house station via 2030
The Verge (resilc)

College of Florida renames Karl Marx lecture room following Russian invasion of Ukraine Orlando Weekly (resilc)

UN: Violence in Colombia Registers a 621% Enhance This 12 months Telesur (guurst)

Massive Brother is Watching You Watch

Pretend Emergency Search Warrants Draw Scrutiny from Capitol Hill – Krebs on Safety Brian Krebs (BC)

Apple rushes out patches for 2 zero-days threatening iOS and macOS customers ars technica (David L)

Imperial Collapse Watch

Why 40 African armies met at a Fort Benning summit — and why some didn’t Army Occasions

The army isn’t monitoring US-trained officers in Africa Accountable Statecraft. Kevin W flags the subhead: t with sub-title ‘AFRICOM says it promotes human rights and rule of legislation however doesn’t know why trainees are overthrowing their very own governments.’

Biden

If Biden Continues Huge Oil Launch, How Lengthy Would Reserves Final? Newsweek. Not the proper query. The US makes use of about 20 million barrels a day, v. the a million n a day the Administration will launch for six months. This is a little more than the quantity imported from Russia. So on paper, all good. Nonetheless, the sanctions and self-sanctioning are protecting international oil markets tight, and subsequently costs excessive. Plus Russian gasoline was medium-heavy, very properly suited to creating diesel and residential heating gasoline. We’ve not been prepared/in a position to get heavy bitter grades from Iran or Venezuela to combine with the sunshine candy crude we make and we purchase from the Saudis and is presumably what we now have saved. Oil experts converse up. I perceive diesel could be created from lighter grades, however diesel is extra vitality dense, so it takes extra lighter-grade oil to make a gallon of diesel than a gallon of fuel.

Biden Mulls Lifting Ethanol Caps In A Bid To Decrease Gasoline Costs OilPrice

“Jettison the Animals!” James Howard Kunstler. On that laptop computer

Missouri Democrats’ New Senate Candidate Was Queen of Whites-Solely Ball Intercept

Judicial Watch Victory: Courtroom Declares Unconstitutional California’s Racial, Ethnic, LGBT Quota for Company Boards Judicial Watch. Notice that Judicial Watch is conservative however not cray cray. They gained in a movement for abstract judgment. Ouch. I did a little bit of poking round, however up to now, the media appears to be ignoring this ruling.

Choose Tosses N.Y. District Strains, Citing Democrats’ ‘Bias’ New York Occasions (resilc)

Our Famously Free Press

“Disappeared”: Chris Hedges Responds to YouTube Deleting His 6-12 months Archive of RT America Reveals DemocracyNow!

L’affaire Jeffrey Epstein

US choose denies Ghislaine Maxwell request for brand new trial Agence France-Presse

Provide Chain

Overflowing Inventories and the Provide Chain Disaster Dean Baker, Counterpunch

Younger ladies earn greater than younger males in a number of U.S. cities Pew (resilc)

Class Warfare

The second Amazon staff on the JFK8 warehouse declared victory of their vote to kind the primary Amazon union in america pic.twitter.com/Fr92Wz1LIN

— Kei Pritsker (@KeiPritsker) April 1, 2022

We’ve all been via sufficient. Do. Not. Fuck. With. Individuals. pic.twitter.com/ycZCLrNIGk

— Fuck You I Stop (@fuckyouiquit) April 1, 2022

Yale administrator stole $40-million in $10k increments, to keep away from detection. Which means she stole $10k twice a day for 8 years, and nobody caught on: https://t.co/EFAEtuxFIU

— Graeme Wooden (@gcaw) March 31, 2022

Optimistic Drug Exams Amongst U.S. Employees Hit Two-Decade Excessive Wall Road Journal

Antidote du jour (CV). I miss having a cat.

Links 4/2/2022 | naked capitalism

See yesterday’s Hyperlinks and Antidote du Jour right here.

Book Review: The Mixed Blessing of Antibiotics





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