Economy · August 2, 2022

Connections 8/2/2022 | naked capitalism

Lambert and I, and many readers, agree that Ukraine has created the worst information environment ever. We hope readers will work together to mitigate the fog of war – both real fog and stage fog – in the comments. None of us need more cheerleading, unlinked meme repeats; there are platforms for that. Low-value, unlinked pom pom-wavers will be summarily affected.

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-Yves

PS Also, before further stressing our already stressed moderators, please read our site policies:

Please do not write to ask why a comment has not appeared. We don’t have the bandwidth to investigate and respond. Using the comments section to complain about moderation / tripwire decisions earns commentator trolls points. Please don’t do this. Those comments will also be removed if we encounter them.

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The Earth is spinning faster than usual, leading to the shortest day ever recorded for popular mechanics

Giant tortoise on the track stops trains in England Agence France Presse

Dollar Store dinners and shampoo tubs help families cope with WSJ inflation

The pandemic impulse buys we’ve grown to hate Vox (King Silc).

Climate

The Mediterranean as we know it is fading Foreign policy

Because famine in Madagascar is a wake-up call for planet FT

Google: We had to shut down a data center to save it during the heatwave in London The Register

Integration of climate-related risks into international reserve management frameworks (PDF) Bank of International Settlements:

A significant methodological challenge is the difficulty of modeling climate factors and their connection with the risk and return characteristics of the portfolio. The lack of comprehensive, timely and accurate data on climate risk is another key challenge for reserve managers. Furthermore, the integration of environmental, social and governance (ESG) considerations into international reserve management frameworks should be aligned with the pillars of security, liquidity and profitability and also be consistent with the legal mandates of central banks. Despite these challenges, some reserve managers are gradually adding climate-related risk metrics into their risk management frameworks and improving disclosure.

#COVID-19

Temporal dynamics of the SARS-CoV-2 genome and detection of disturbing variants in the sewage tributary from two metropolitan areas in Arkansas Science of the Total Environment. From the abstract: “A significant association was observed between viral titers in wastewater and the recorded number of COVID-19 cases in the areas studied, except when tests failed to detect targets due to the presence of particular variants. These findings support the use of wastewater surveillance as a reliable complementary tool for monitoring SARS-CoV-2 and its genetic variants at the community level. Note that in a university, a “community” can be as small as a dormitory. It all depends on where you put the counter.

monkeypox

California and Illinois report monkeypox emergencies to NBC

Sewage reveals spread of monkeypox virus E&E News

How the United States let 20 million doses of NYT monkeypox vaccine expire. Haven’t we seen this movie yet?

The campaign to rename monkeypox gets complicated STAT

China?

Nancy Pelosi will meet the president of Taiwan on Wednesday FT. Three sources. I say it will happen because this is the dumbest timeline. Meanwhile:

President Joe Biden sent senior officials, including National Security Advisor Jake Sullivan, to expose the risks to Pelosi, but people familiar with the situation said he had decided to take the historic journey forward.

Lambert here: Pelosi is going to win with donors in her district * – some of whose generosity will be redistributed to other Democrats, cementing Pelosi’s leadership position – and no doubt her husband is shorting out. For Pelosi, this is what’s happening, and that’s all that’s happening. Biden certainly knows, so either he’s complicit or he’s weak. “This is a real show. What do you call it? “” The Democrats! “NOTE * CA-12, 31.9%” Asian “, median household income $ 120,290, ka-ching.

Nancy Pelosi will visit Taiwan despite warnings from WSJ China. Single coming from “one person”. Meanwhile:

Because Pelosi’s visit to Taiwan is utterly reckless Thomas Friedman, NYT. I shake my head in accord with The Mustache of Understanding; it’s a fun old world. (Ukrainian material is also worth reading; the administration appears to have shared concerns with him.)

Xi Jinping misses the chance to dismiss Nancy Pelosi’s trip as a weak FT

China suspends imports of more Taiwanese food brands Focus Taiwan. Mild enough?

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China’s 7nm chip surprise reveals more than Beijing The Register might like. “The 7nm process is a copy of the TSMC N7 node that went into series production four years ago. China has had access to any number of former TSMC engineers and is spending endless money to catch up with the chips, so the existence of a cloned factory with two more cycles to lag alone earns a “well done, I guess. “.

The US and Japan are reaching a breakthrough in the Asia Times 2nm chip

Burma

Funding of the Myanmar Spring Revolution The Diplomat

The Myanmar military is still trying to increase Pattaya Mail (Furzy Mouse) international tourism. Hotel workers learn Russian and Chinese.

Why Vietnam does not squeeze its super rich Asia Times tycoons

Within the Southeast Asian casino scam archipelago The Diplomat

India

Expectations for Telegeography of International Bandwidth Used by India (Report)

Syrian

Ayman al-Zawahiri: US kills top al-Qaeda leader in drone attack in Afghanistan Middle East Eye

How the CIA Identified and Killed Al-Qaeda Leader Zawahiri Reuters

UK / EU

Spain is short of buyers for $ 12 billion in Bloomberg semiconductor subsidies

Liz Truss to ‘ignore’ Nicola Sturgeon on the referendum asks for Holyrood

British Airways stops selling short-haul tickets to Heathrow for seven days FT

New war not so cold

Russia is building “ghost bridges” with radar reflectors in Ukraine The Drive

Explosion hits the ammunition depot of a Bulgarian arms dealer involved in the arms trade in Ukraine WSJ

Ukraine finally ships wheat. It will take much longer to slow global hunger.NYT. Now they tell us!

Three Britons will be tried as “mercenaries” in an independent Russian-backed court

The “America First” Hawks admit that US weapons in Ukraine are plunging into a “black hole” Michael Tracey. To emerge somewhere. But where?

Beware of war predictions: Ukraine’s outcome is not yet written The Hill. The view from KaganWelt.

In Kosovo as in Ukraine, the same Western “invisible hand” foments all-out internationalist conflicts

supply chain

Ocean spot rates have fluctuated on key trade routes as consumer demand slows in peak shipping season Hellenic Shipping News

The first stunning photo of the James Webb Space Telescope is now a Space.com outfit. Slow enough for fast fashion. What was the robbery?

The beak

The SEC charges 11 people in NBC’s alleged $ 300 million Ponzi scheme. “Crypto Ponzi Scheme” is redundant, right?

Crypto Crash leaves NWSL players empty-handed as League Mulls Cash Payout Sports. NWSL = National Women’s Soccer League.

Basically, the web3 developers have granted the user “root” administrator privileges (password “password”). The hilarity ensued:

One might wonder if the developer / insiders have gotten a (n untraceable) cut of the size, and if this is the usual practice….

Semi-annual remittances increased 16% from last year Mexico News Daily

For Asian migrant workers, extreme heat is “a matter of life and death” CNN

class warfare

Social capital II: determinants of the economic connection Nature and commentary, The power of friendships between poor children and rich children Axios. Why not invite Maria’s children while she cleans the granite counter tops?

How toxic is masculinity? The New Yorker

America’s Student Debtor Seniors The New Yorker

The elusive origin of Zero Scientific American

Antidote of the day (through):

See Yesterday’s Link and Antidote du Jour here.

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