Links 4/22/2021

Credit Suisse to raise $1.9bn of capital as it reels from Archegos losses FT

Einhorn Wrong About $100M Deli Barry Ritholtz, The Big Picture

Wirecard employees removed millions in cash using shopping bags FT

Welcome to the YOLO Economy NYT

Hard Drive and SSD Shortages Could Be Imminent If New Cryptocurrency Blooms Tom’s Hardware. Big if true.

As extreme weather increases, climate misinformation adapts AP


World stats:

@jburnmurdoch is a good account to follow on the Twitter,.

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Supply vs Demand: When Will the Scales Tip on COVID-19 Vaccination in the U.S? KFF

States have a new Covid problem: Too much vaccine Politico (Furzy Mouse).

White House offers new tax credit to help spur vaccinations AP. The excitement builds.

Most Americans say they should be vaccinated before the U.S. donates Covid-19 shots elsewhere STAT

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Vaccine Breakthrough Infections with SARS-CoV-2 Variants NEJM. tl;dre: Further study needed. Fair?

Math Is Hard—but Vital for Understanding Vaccine Risks FAIR

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Neoliberal State Failure Is Slowing Down Vaccine Distribution Jacobin

Scientist Linked to Great Barrington Declaration Embroiled In World Health Organization Conflict Of Interest Byline Times. Including WHO advisor Professor John Conly, who believes that the risk of acne must be weighed carefully against the risk of Covid when deciding whether to recommend N95 masks for HCWs. Of course.

A conversation with Juliette Kayyem Science. Obama-era intelligence official.

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FDA orders shutdown at Emergent’s troubled plant 2 weeks after handing J&J the keys Fierce Pharma. Not doing J&J any favors, are they?

Lessons learned — and forgotten — from the horrific epidemics of the U.S. Civil War STAT


How a Chinese Surveillance Broker Became Oracle’s “Partner Of The Year” The Intercept. Hard to see how an honest-to-Gawd shooting war could break out between us and China when our elites have so much invested there, but then again, Nazi German was an excellent client for IBM.

China Blasts Australia’s Decision to Cancel Belt and Road Deal Bloomberg

U.S. lawmakers intensify bipartisan efforts to counter China Reuters

LVMH, Prada, and Richemont Build a Blockchain Jing Daily

Luxury stores play nice with Chinese professional shoppers they once frowned upon, as brands’ sales and profits plummet SCMP


‘Economic collapse amid escalating conflict’: is Myanmar becoming a failed state? FT. Let’s all pray that Myanmar is not like Syria in that the U.S. is not funding and arming competing warlords, a fact that the FT carefully airbrushes away. Collapse is not endogenous; Myanmar is being collapsed by a mass movement — which the article makes clear in the second half, after the quotable NGOs have been cleared away.

National Unity Government of Myanmar to ASEAN:

Myanmar Junta Imported $15M Worth of Russian Radar Equipment in February Moscow Times

Junta had plotted military coup in Myanmar for years, says defecting major The Times of London

Missing Indonesian submarine has 72 hours of oxygen left, navy says BBC


India Covid cases forecast: India’s Covid-19 peak likely between May 11-15 with 33-35 lakh active cases: Experts Times of India

Non-stop cremations cast doubt on India’s counting of COVID dead Reuters

The Koreas

Production of Sputnik V in S. Korea to kick off in May Yonhap News Agency


UNSC Watch: India Joins Russia, China in Disputing OPCW’s Latest Report on Syria The Wire

War, Peace and Taliban Spreadsheets NYT. If we could have gotten the Taliban to start using PowerPoint, we might have had a chance.

‘I stay up nights’: Afghans working for US worry about their future after Biden withdrawal announcement CNN

How COVID spurred Africa to plot a vaccines revolution Nature

Reasons the international community is unable to end the war in Tigray Ethiopia Insight


UK facing garden gnome shortage following the Suez Canal fiasco Independent

Johnson and Dyson: Where is the line on lobbying government? BBC. What is this “line” of which you speak?

Lateral flow Covid tests are being given to millions of schoolchildren with the WRONG instructions that they are for anyone with symptoms Daily Mail

EU Readies Legal Action Against Astra Over Vaccine Shortfall Bloomberg

Police clash with protesters as Germany passes virus law Agence France Presse

In Romania, ‘modern slaves’ burn noxious trash for a living AP

New Cold War

Putin warns West of ‘red line’ as thousands protest to back Navalny Agence France Presse

In Quotes: Putin Speaks on State of the Nation Moscow Times

Biden Administration

FTC Nominee Lina Khan Fires a Warning Shot at Big Tech – “Potential Criminal Activity” – and Senators from Both Parties Love It Matt Stoller, BIG

How Biden’s infrastructure plan may fracture the nation’s colleges Politico

Big Brother Is Watching You Watch

The Observatory of Anonymity Cory Doctorow, Pluralistic. If you want real intersectionality, here it is.

Police State Watch

Florida ‘anti-riot’ law is unconstitutional, federal lawsuit in Orlando contends Orlando Sentinel

Resources by city Don’t Call the Police

Our Famously Free Press

The CIA Used To Infiltrate The Media. Now The CIA Is The Media. Caitlin Johnstone

Intelligence Community

Australia and New Zealand play down differences over China and the ‘Five Eyes’ SCMP

A School for Spooks: The London University Department Churning Out NATO Spies Mint Press


Freedom Rider: Gun Violence Starts at the Top Black Agenda Report

Imperial Collapse Watch

‘Bring the Troops Home’ Is a Dream, Not a Strategy John Bolton, Foreign Policy

Black Injustice Talking Point

Daunte and the Debt Collectors: How the Cops Became Robbers The Root. Law enforcement for profit, just as in Ferguson.

Remains of children killed in MOVE bombing sat in a box at Penn Museum for decades Billy Penn. Eesh.

America’s Interstate Slave Trade Once Trafficked Nearly 30,000 People a Year—And Reshaped the Country’s Economy Time. Again, a question I’d like to ask the 1619 crowd: Would slavery have persisted if it did not enable capital accumulation?

Battle Hymns of the Old South The Baffler

Class Wafare

Accused money launderers left a path of bankrupt factories, unpaid taxes, shuttered buildings and hundreds of steelworkers out of jobs Pittsburgh Post-Gazette

America’s Architecture and Construction Industry Is Broken Treehugger

Do Brain Implants Change Your Identity? The New Yorker

Antidote du jour (via):

Bonus antidote:

See yesterday’s Links and Antidote du Jour here.

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This entry was posted in Guest Post, Links on April 22, 2021 by .

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.

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