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Home ECONOMY

Links 5/11/2023 | naked capitalism

South Dakota Digital News by South Dakota Digital News
May 11, 2023
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Links 5/28/2023

Origins of Debt: Michael Hudson Reveals How Financial Oligarchies in Greece & Rome Shaped Our World

Alligator Mating Season is Underway in Florida—and Is Causing Havoc Field and Stream

Exploring a Middle Ordovician Burgess Shale-type fauna Ecology & Evolution (Sub-Boreal). Citizen science!

Warehouses Outperform in Cloudy Commercial Real Estate Environment Chief Investment Officer

Climate

Half of the western U.S. is out of drought, but not fully recovered Colorado Sun

Extreme rainfall is taking a toll on China’s rice crops, and it could get much worse Channel News Asia

Devastating wildfires engulf southern Russia, claiming lives and property The Watchers

Fine young cannibals: locust study could lead to better pest control Guardian

#COVID19

COVID-19 Is No Longer an Official Emergency. Is That the Right Call? The Brink, Boston University (MR).

COVID-19 Surveillance After Expiration of the Public Health Emergency Declaration ― United States, May 11, 2023 CDC. “COVID-19 is an ongoing public health problem that will be monitored with sustainable data sources to guide prevention efforts.” “Sustainable”? What does that even mean?

As public health emergency ends, pandemic-era support programs have already been fading away AP

As COVID-19 Vaccine Mandates End, a Slim Majority of Americans Still Supports Most of Them Morning Consult. Handy chart:

* * *

A Novel Bat Coronavirus with a Polybasic Furin-like Cleavage Site Virologica Sinica. N = 112. From the Abstract: “Bats are recognized as one of the most potential natural hosts of SARS-CoV-2… Here, we performed a degenerate primer screening and next-generation sequencing analysis of 112 bats, collected from Hainan Province, China. Three coronaviruses, namely bat betacoronavirus (Bat CoV) CD35, Bat CoV CD36 and bat alphacoronavirus CD30 were identified…. Notably, Bat CoV CD35 harbored a canonical furin-like S1/S2 cleavage site that resembles the corresponding sites of SARS-CoV-2. The furin cleavage sites between CD35 and CD36 are identical…. In conclusion, this study deepens our understanding of the diversity of coronaviruses and provides clues about the natural origin of the furin cleavage site of SARS-CoV-2.” Big if true.

* * *

The Epidemiology of Long Coronavirus Disease in US Adults Clinical Infectious Diseases. From the Abstract: “We conducted a population-representative survey, 30 June–2 July 2022, of a random sample of 3042 US adults aged 18 years or older and weighted to the 2020 US population. Using questions developed by the UK’s Office of National Statistics, we estimated the prevalence of long COVID, by sociodemographics, adjusting for gender and age…. An estimated 7.3% (95% confidence interval: 6.1–8.5%) of all respondents reported long COVID, corresponding to approximately 18 828 696 adults. One-quarter (25.3% [18.2–32.4%]) of respondents with long COVID reported their day-to-day activities were impacted “a lot” and 28.9% had severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) infection more than 12 months ago. …

China?

How China’s farmland-reclamation campaign is driving aggressive crop expansions and land-use crackdowns South China Morning Post

China deepens ties in Latin America with Ecuador free trade agreement FT

Capitalism with Chinese characteristics:

1/14
A scholar at the Global China Initiative says that the developing world can use the example of China’s AMC’s to resolve its bad debt with “market-based” solutions.

I think there is a lot of confusion about how that actually happened.https://t.co/TkUqTPajVz

— Michael Pettis (@michaelxpettis) May 6, 2023

The whole thread is worth reading in full. AMC = Asset management company.

In Depth: Local Governments Struggle to Get On Top of Their Hidden Debt Caixin

China’s CPI up 0.1 pct in April Xinhua

Myanmar

ASEAN will not give up on Myanmar peace despite no progress – minister Reuters. The barrier to “peace” and “progress” is the very existence of the junta; which neither ASEAN not the “humanitarian” NGOs will or can admit. Cf. Jer 6:14-15.

Myanmar’s Military Is No Longer in Effective Control of the Country The Diplomat

India

Gautam Adani retreats after short-seller attack FT

Why India Should Be Worried About Chinese Army’s Plans to Recruit Nepali Gorkhas The Wire

Syraqistan

Protesters are turning on Pakistan’s military after Imran Khan’s arrest. Here’s what you need to know CNN . Hmm:

Supporters of Imran Khan are now attacking Pakistan Army,stopping army vehicles and looting weapons,in last 24 hours Lahore governor’s house was burnt,radio pakistan building was burnt,army headquarters was broken,Air force base was broken,more than 50 army vehicles were burnt pic.twitter.com/9AUZFuNuC4

— उस्ताद घरछोड़ दास (@UstaadGharchhor) May 11, 2023

And the nukes?

Syria’s Assad receives Saudi invitation to Arab summit Agence France Presse

European Disunion

French gastronomy facing logistical challenge for 2024 Paris Olympics France24

Dear Old Blighty

School-leavers could join NHS via apprenticeships in plan to fix staff shortages Guardian. Nurses and doctors. Why go to college? Why go to night school?

New Not-So-Cold War

Putin tells WWII event West is waging a ‘real war’ on Russia AP

Rebuilding Ukraine depends on luring private money Reuters

Ukraine’s Big Mistake Consortium News

South of the Border

News from Mexico Harpers

Biden Administration

Pondering Armageddon: What Happens If The US Defaults? Heisenberg Report. This is the stupidest timeline….

Here are the 13 counts New York Rep. George Santos faces AP

U.S. Senators Revive Bid to Form Covid-19 Commission WSJ. “President Biden’s administration didn’t support the national task force, people familiar with the matter said.” I’ll bet.

B-a-a-a-a-d Banks

Banks Are Blowing Up While the Economy is Strong. Time to Worry? The Overshoot. The deck: “There is a fundamental difference between failures attributable to credit losses and failures attributable to interest rate mismatches.” As Yves has been saying!

First Citizens makes huge gain on Silicon Valley Bank deal FT

Digital Watch

How Saudi money returned to Silicon Valley Vox

SoftBank Vision funds post record $39bn annual loss FT

* * *

Everything Google Announced About AI, Bard, and PaLM 2 at I/O 2023 Gizmodo. The future of search:

So now “search results” means a paragraph of bullshit, instead of something I can check? This really is taking putative PMC authority to new heights! Of course, the beauty part of all this is that Google hoovered up the Intertubes for its training sets — theft of intellectual property on a breathtaking scale — and gives nothing back to those who created the content it stole. No more links! (And don’t try to tell me about the little images at right; that looks like existing Google machinery, which is also crap, besides being an inefficient use of space put beside a simple list of links.) Whatever this is, it’s not search. Except for profits, of course.

ChatGPT in medical literature – a concise review and SWOT analysis (preprint) medRxiv. From the Abstract: “Strengths of ChatGPT include well-formulated expression as well as the ability to formulate general contexts flawlessly and comprehensibly [i.e., bullshit], whereas the time-limited scope as well as the need for correction by experts [e.g., fabricated citations] were identified as weaknesses and threats. Opportunities include assistance in formulating medical issues for non-native speakers as well as [ka-ching*].” NOTE * Rarely does one see, even in a pre-print, material as openly careerist and craven as this, good job.

Artist sues AI generators for allegedly using work to train image bots: ‘industrial-level identity theft’ FOX. More like this, please. Plenty of deep pockets in Silicon Valley.

The Computer Scientist Peering Inside AI’s Black Boxes Quanta. At some point, I need to put on my yellow waders and look at the Biden Administration’s AI policies, but I would bet there’s nothing anywhere close to making proprietary algorithms transparent, let alone data.

The Bezzle

This should make Yves happy:

.@CalPERS CEO Marcie Frost on the difficulties of measuring ESG data. #AxiosBFD pic.twitter.com/QvNVXlbiBg

— Axios (@axios) May 10, 2023

Our Famously Free Press

Facebook Censoring the Racket Report on Censorship? Matt Taibbi, Racket News. On grounds of hate speech. For a rather… capacious definition of hate incidents, and how to report them, see here.

Father-Son Duo in Alabama Wins Pulitzer, Bucking Headwinds in Local News NYT (Furzy Mouse).

Healthcare

Health Insurance Claim Denied? See What Insurers Said Behind the Scenes Pro Publica. “Learn how to request your health insurance claim file, which can include details about what your insurer is saying about you and your case.” News you can use!

Small vulnerable newborns (series) The Lancet. “The fact that every fourth baby in the world is born too soon or born too small is a concern for human rights, public health, the national economy, and development. By not addressing this priority, we are jeopardising our collective future. We can reverse this trajectory, if national leaders, with global partners, prioritise action, and invest and hold themselves accountable.”

Feral Hog Watch

In Graphic Detail: Pigs in the City Hakai

Zeitgeist Watch

The Case Against (Most) Books Richard Hanania’s Newsletter

Realignment and Legitimacy

Chi Alpha Campus Ministries in Texas Platformed Convicted Sex Offender for Decades Roys Report. This keeps happening, regardless of denomination.

Guillotine Watch

Manhattanites bring their private school blood sport to Miami FT

Class Warfare

ALEC’s State Ratings Favor Corporate Policy Wish-List Over Quality of Life Center for Media and Democracy

Soap application alters mosquito-host interactions Cell. N = 4. From the Discussion: “[B]enzyl benzoate (an organic compound found in the scent of flowers and commonly used to treat scabies and lice), γ-nonalactone (a component of watermelon’s scent and identified as a key compound of the aroma of American Bourbon), and benzaldehyde (an aromatic aldehyde commonly found in plants with a characteristic almond-like odor) were the most abundant compounds and most strongly associated with the Native [brand] soap (i.e., soap that induced the lowest [mosquito] preference indices.” So I guess we can look at the labels? The Gizmodo popularization of the Cell article says it’s a “a coconut-scented chemical” that repels the mosquitos, but I can’t find that in the text. Readers?

Antidote du jour (via):

Bonus antidote:

We’ve got you, bro..🐢💪❤️ pic.twitter.com/1JLxVQrymm

— 𝕐o̴g̴ (@Yoda4ever) May 9, 2023

Look for the helpers!

See yesterday’s Links and Antidote du Jour here.

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