Why Do Banks Fail? Three Facts About Failing Banks Liberty Street Economics

High growth doesn’t tell the story of the US economy FT

Wall Street Took Over a Vital Sign Language Service—And Started Union Busting Workday Magazine

Climate

New global climate finance draft poses challenges for developing world Business Standard

Climate change is increasing hurricane wind speeds, study finds Axios

Pacific Northwest reeling from bomb cyclone; atmospheric river targets California USA Today

Almost half of Spain’s flood victims were aged 70 or over, data shows Euronews

Syndemics

USDA: California Announces 63 More Infected Dairy Herds (n=398) – More Poultry Outbreaks in 7 States Avian Flu Diary

Human Cases of Bird Flu Confirmed to Be Occurring Undetected in The US Science Alert

Five Years On: A Covid Retrospective Nate Bear, ¡Do Not Panic!

India

Three Bank of America bankers in India depart over alleged client tips FT

Sri Lanka’s president makes U-turn on IMF bailout Channel News Asia

Syraqistan

Top war-crimes court issues arrest warrants for Netanyahu and others in Israel-Hamas fighting AP

Starmer backs arrest of Benjamin Netanyahu: Israeli Prime Minister ‘will be arrested if he enters the UK’ Daily Mail

Biden calls ICC arrest warrants for Israeli leaders ‘outrageous’ Anadolu Agency

Israel’s ‘Day After’ Plan for Gaza Is No Secret if You Know Where to Look Haaretz

Israel’s state prosecution indicts main suspect in Netanyahu’s office leak scandal Anadolu Agency

Tehran to launch ‘new and advanced’ centrifuges in response to IAEA censure France24

The Koreas

South Korea’s Dockyards: A New Factor in Korea-US Military Burden-sharing The Diplomat

Ukraine Is Now a Proxy War for Asian Powers RAND

New Not-So-Cold War

What I Am Talking About… Andrei Martyanov, Reminiscence of the Future…. Videos.

Russia fired experimental missile at Ukraine, says Vladimir Putin FT

Ukraine Fires US Missiles at Russia Risking Wider War Joe Lauria, Consortium News

‘New’ Russian missile used against Ukraine not hypersonic, defense officials say FOX

Thunderbolt from the Skies: Putin’s Doomsday Weapon Puts NATO on Final Notice Simplicius, Simplicius the Thinker

Biden’s ATACMS Gambit on Ukraine Could Blow up in America’s Face The National Interest

New Missiles Won’t Change Ukraine’s Broken War Math Foreign Policy

Using Missiles as Diplomacy: Ukraine & Russia w/John Mearsheimer (video) Daniel Davis / Deep Dive, YouTube

Glenn Greenwald: Dangerous New Escalation in Russia, & Our Blackmailed Politicians (video) Tucker Carlson, YouTube

Russia targets three of Ukrainian largest energy company’s five operating thermal power plants over the weekend Ukrainska Pravda

Analysts outline three scenarios for Ukraine’s winter blackouts BNE Intellinews

Hybrid warfare? China sabotaging Baltic Sea cables would be ‘super surprising’, experts say France24

Suspected undersea cable sabotage had ‘little-to-no observable impact’ on internet service and quality — Cloudflare says suspected sabotage incident mitigated with redundant design Tom’s Hardware

Trump may be right about Ukraine’s endgame FT

The New Great Game

After a slow start, the Georgian protests are gathering momentum BNE Intellinews

Systematic election violations in Georgia aimed to secure ruling party victory, say local NGOs JAM News

South of the Border

Lula and Xi sign dozens of trade deals as Brazil-China ties deepen Al Jazeera

Brazil’s Federal Police indict Jair Bolsonaro, two generals and 34 others for coup attempt El Pais

Venezuelans Debate 30-Year Plan for Popular Democracy in Historic Bloc Congress Venezuelanalysis

Trump Transition

Ex-Trump deputy press secretary: No Treasury pick yet because ‘it’s a long list of folks’ The HIll

Michael Pollan Is Not Endorsing RFK Jr. Poliitico

We’ve got a bigger problem now Closed Form. MAHA.

Democrats strike deal to get more Biden judges confirmed before Congress adjourns AP

Our Famously Free Press

A Legal Showdown Over Press Freedom The Free Press

Spook Country

The FBI and DHS leaders won’t testify publicly about national security threats before the Senate AP

I Don’t Own a Cellphone. Can This Privacy-Focused Network Change That? 404 Media

Healthcare

How Stem Cells Stay Young The Scientist

Book Nook

Cormac McCarthy’s Secret Muse Breaks Her Silence After Half a Century: “I Loved Him. He Was My Safety.” Vanity Fair

Leaving Cormac: Life Lessons From My Correspondence with Lee McCarthy Literary Hub

Digital Watch

How Google Spent 15 Years Creating a Culture of Concealment NYT The deck: “Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.”

What you need to know about the proposed measures designed to curb Google’s search monopoly AP

Zeitgeist Watch

Clonazepam, popular anxiety-reducing drug, recalled nationwide for ‘possibly life-threatening’ error FOX

ANSWERS TO CORRESPONDENTS: Who coined the term dystopian? What is considered the earliest dystopian novel? Daily Mail

Guillotine Watch

Billionaires Are Bad: Revisiting 50 Shades of Grey in the Age of Mega-Rich Creepers Literary Hub

Class Warfare

Michigan Nurses Win the Largest Union Election in Years Labor Notes

The 51st: Building a worker-led newsroom from the ashes of DCist Editor and Publisher

General Strike 2028 Cory Doctorow, Pluralistic

How Native Americans Guarded Their Societies Against Tyranny JSTOR Daily

Antidote du jour (Romano Gianluca):

See yesterday’s Links and Antidote du Jour here.

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This entry was posted in 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.