Patient readers, I apologize that this Links is a bit lengthy and there are several long reads. In an excess of zeal, I over-collected link candidates, and I found it too hard to let go of some of them. Take what you like, and leave the rest! –lambert

The Economics Of Bee Farms Alts.co

Felipe M Medalla: Beyond just a bellwether – the capital markets as catalyst for dynamic and inclusive economic growth Bank of International Settlements

Why is it so hard to buy things that work well? Dan Luu (Jason Boxman). Very dense, very long, very thought-provoking. “[I]f we think about things from the vendor side of things, there’s little incentive to produce working products since the combination of the fog of war plus making false claims about a product working seems to be roughly as good as making a working product…, and it’s much cheaper.

Climate

A major showdown is brewing over what counts as a carbon credit Bloomberg

EV Makers Confront the ‘Nickel Pickle’ WSJ

Solar panels – an eco-disaster waiting to happen? BBC

The money behind the coming wave of climate litigation FT

#COVID19

Cute puppy. The video is worth watching:

(More confirmation here.) A soothing bedside manner isn’t everything….

Face masks to return at Tour de France to limit COVID-19 cases in the peloton Cycling News. “Baggy Blues,” by the photos. Better than nothing!

Molnupiravir Use and 30-Day Hospitalizations or Death in Previously Uninfected Non-hospitalized High-risk Population with COVID-19 (accepted manuscript) The Journal of Infectious Diseases. From the Abstract: “We used a matched cohort study design to determine the rate of hospitalization or death within 30 days of COVID-19 diagnosis among [Molnupiravir (MPV)] treated and untreated controls. Participants were non-hospitalized, previously uninfected Veterans…. A significant benefit was observed in asymptomatic but not in symptomatic persons…. MPV was not associated with a reduction in hospitalization or death within 30 days of COVID-19 diagnosis. A subgroup of patients presenting without symptoms experienced a benefit.” Sure would be helpful if we had testing!

The Scientist and the Bats Pro Publica. Via Mike the Mad Biologist, who comments: “This is the kind of research that dies with budget cuts.”

China?

China – The number of new COVID-19 cases in Beijing has nearly quadrupled since previous week – June 2, 2023 FluTrackers

Iron ore to the moon as China stimulates property! Macrobusiness

America Is Winning Against China in Oceania RAND

India

Odisha Train Accident: A Monumental Tragedy Madras Courier. Well worth a read:

Like East Palestine for stupid — and greedy?– but several orders of magnitude worse. 288+ lives lost, 700+ injuries, due to a signal failure (not just a hot box), which calls the safety of the entire rail system into question (if it was not already).

In Maharashtra, ‘Upper’ Caste Men Kill Youth Who Ensured Village Celebrated Ambedkar Jayanti The Wire

Syraqistan

Rule-based, predictable Turkish economy key for prosperity, says new finance minister Anadalu Agency. The more I hear the term “rules-based,” the more sinister it seems. Who makes the rules? And how?

Who is looting Yemen’s oil, and where does it all go? The Cradle

European Disunion

German police raids on Last Generation climate activists spike recruitment France24

Poland opposition stages major anti-government protest Deutsche Welle

Dear Old Blighty

Eight reasons why the Post Office compensation scheme is a scandal Tax Policy Associates

NHS Glasgow bosses admit paying private investigators to spy on relatives of dead patients Daily Record

Our New Not-So-Cold War

The Battle of Bakhmut: Postmortem Big Serge Thought. Grab a cup of coffee, but well worth a read.

Pro-Ukraine fighters attack southern Russia; offer to trade POWs Al Jazeera

What is Ukraine doing in the town of Shebekino, Belgorod oblast and what consequences may we expect? Gilbert Doctorow

Satellite Images Reveal Russian Defenses for Ukraine Counteroffensive WSJ

Biden’s Adviser: Ukraine to achieve success and take back strategically significant territory Ukrainska Pravda

Ukraine’s military pleads for silence around long-awaited counteroffensive: ‘Plans love silence’ Globe and Mail. So why did Big Z go and get himself interviewed at WSJ?

NATO’s big gamble in Ukraine has failed Zorawar Daulet Singh, Money Control

Use of NATO arms for attack in Russia raises doubts about Kyiv’s controls WaPo

Inside the high-stakes clash for control of Ukraine’s story Semafor

Russia behind 225% spike in shadowy oil transfers at sea Hellenic Shipping News. Willing seller, willing buyer…

Biden Administration

Non-binary ex-Biden official Sam Brinton arrested for yet another baggage theft FOX. They should have worked through Hunter!

Ex-Anheuser-Busch exec reveals how lefty investment firms pressure companies to go woke NY Post. For some definition of “lefty.”

B-a-a-a-d Banks

US banks prepare for losses in rush for commercial property exit FT

Big Banks Could Face 20% Boost to Capital Requirements WSJ

Digital Watch

Failed Expectations: A Deep Dive Into the Internet’s 40 Years of Evolution CircleID

The Politics of Technology: Stochastic Parrots Joe Costello, Life in the 21st Century

Why the AI boom is not a dotcom redux FT. No, it’s even more stupid and greedy.

Healthcare

US cancer drug shortage forces doctors to ration life-saving treatments FT (KLG). KLG: “How can a generic drug be “unavailable”? Or any essential drug for that matter.”

Global transmission suitability maps for dengue virus transmitted by Aedes aegypti from 1981 to 2019 Nature

Groves of Academe

Curricular Wars and Averting Auschwitz The Wire

As AI-Enabled Cheating Roils Colleges, Professors Turn to an Ancient Testing Method WSJ. Good.

Our Famously Free Press

Breaking News at the End of the Earth Esquire

Guillotine Watch

Company Insiders Made Billions Before SPAC Bust WSJ. Good thing I was sitting down.

Marc Heu Patisserie Paris: A place for Hmong grandmas to shy teenagers Sahan Journal. In St Paul, MN.

Class Warfare

A Billionaire Conserving Montana Is Funding the Group Bulldozing the Atlanta Forest In These Times. Quite a portfolio!

Directors Guild Avoids Strike, Makes Deal with Streamers and Studios Gizmodo

Quite a statement from management:

Just give the workers what they want. They more than deserve it. Why is this so hard?

United Airlines pilots union votes to authorize a strike vote Reuters

Why you don’t have to worry about a US airline strike disrupting your summer travel plans CNN

The frictionless life goes on FT. The deck: “Deglobalisation is hardly inconveniencing me at all.” And speaking of the frictionless life–

AFL-CIO Budget Is a Stark Illustration of the Decline of Organizing Splinter

Falling Behind: The Growing Gap in Life Expectancy Between the United States and Other Countries, 1933–2021 American Journal of Public Health. From the Abtract: “The US life expectancy disadvantage began in the 1950s and has steadily worsened over the past 4 decades. Dozens of globally diverse countries have outperformed the United States. Causal factors appear to have been concentrated in the Midwest and South.” For some definition of “causal factors.”

Escape from the Market Boston Review

Mathematicians Find Hidden Structure in a Common Type of Space Wired

The Wonder Waller Barley. “Drystone walling brought me peace.”

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 by Lambert Strether.

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.