ECONOMY

Links 1/1/2025 | naked capitalism


Happy 2025!!! Hope yours is off to a good start.

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Why Do We All Watch a Ball Drop to Celebrate the New Year? Vice

People Are Sharing Subtly Weird Parts Of Life In America, And Even As Someone From The US, I’m Thinking Twice About Some Of These BuzzFeed (Kevin W)

Ants Perform Better As a Group Than Humans When Trying to Solve the ‘Piano Mover’s Puzzle’ Laughing Squid

A practical, biomimetic, one-pot synthesis of firefly luciferin Nature (Micael T)

Missing dog returns home, rings doorbell BoingBoing

#COVID-19/Pandemics

Nearly 1M chickens test positive for bird flu at Darke County egg producer Dayton Daily News

Climate/Environment

Science and realism’: Governments plan for doomsday climate scenarios USA Today

World endures ‘decade of deadly heat’ as 2024 caps hottest years on record Guardian

‘Green’ ferry emits more CO2 than old diesel ship BBC

China?

Will China’s Massive Dam Project Spark A Water War With India? India Today

Chuck L courteously sent the link for the article discussed below: A New Type of Political Party System That Has Grown Out of Chinese Soil Qiushi:

Rupiah Intervention Shows EM’s Strong-Dollar Headache Bloomberg

Koreas

South Korea poised to crash and burn in 2025 Asia Times (Kevin W)

Africa

From Sudan to the Sahel, War Spreads in Africa in 2024 Foreign Policy

European Disunion

Ukraine to end transit of Russian gas to EU BBC (Kevin W). In case you missed it.

Russia’s Gazprom stops gas supplies to Europe via Ukraine as transit deal expires TASS (guurst)

EU prepares to launch energy war The Duran, YouTube

New French finance minister eyes 2025 deficit slightly above 5% Reuters

Old Blighty

Starmer asks UK regulators for ideas to boost growth BBC. Kill me now.

Keir Starmer vows to rebuild Britain as Labour did after second world war Guardian (Kevin W)

Retailers face collapse as costs rocket and High St distress levels soar 25% after Budget This is Money

Climate change will devastate value of homes, warns Bank of England Telegraph

Israel v. The Resistance

Winter rains worsen horrors faced by displaced Palestinians in Gaza Aljazeera

In Gaza’s crowded tent camps, women wrestle with a life stripped of privacy Independent

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Hamas, Israel have reached an impasse in hostage negotiations, Arab mediators tell WSJ Jerusalem Post. Oddly not prominent at the Journal’s site.

Half of Iran’s industrial capacity halted by energy crisis Iran International

Iraq still negotiating with mediator to ensure Turkmen gas delivery Iraqi News

Syraqistan

Syria official’s comments on women spark uproar New Arab

Iran objects to Afghanistan’s construction of Pashdan Dam on Harirud Tehran Times

New Not-So-Cold War

America Needs a Maximum Pressure Strategy in Ukraine Foreign Affairs. And I would like a pony.

Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables Bloomberg

Sweden’s opposition wants NATO article invoked after cable break Euronews

The Greatness of the Russian Army: Real results of 2024 Marat Khairullin. Unabashedly partisan. I trust readers can discount for that.

Do click through for details:

Big Brother is Watching You Watch

Gift Card Fraud Bruce Schneier

Imperial Collapse Watch

Middle Powers Revisited: “Good Citizens” of the World Majority Russia in Global Affairs (Micael T). From a couple of months ago. Still germane.

Who’d want to survive a nuclear war? Spectator

GOP Clown Car

Chip Roy on Johnson: ‘I don’t believe he has the votes’ The Hill

At least 10 killed, dozens injured as truck crashes into New Orleans crowd Aljazeera

Chief Justice Roberts condemns elected officials for intimidating judges The Hill (Kevin W)

Breaking: The lawsuit v Pfizer by TX Attorney General, Ken Paxton is dismissed Sasha Latypova

Immigration

Li from Dec 31: “Bannon and Batya are live ranting right now”:

Steve Bannon bashes Elon Musk and makes bold new demand as MAGA row over migrant visas escalates Daily Mail

Tech Giants Secure Work Visas For Tens Of Thousands Of Foreigners While Kicking Existing Employees To The Curb Daily Caller

Our No Longer Free Press

Russia Slams EU for Blocking State Media on Telegram, Vows Retaliation News Central

U.S. Natural Gas Futures Soar Ahead of Historic Cold Front OilPrice (Kevin W)

The Depletion Paradox Natural Resource Market Insights. We reported many years ago, based on expert views then, that shale gas production would peak in the mid-later 2020s, and decline gradually for a few years, then suddenly. It looks like the peak arrived early.

Office CMBS Delinquency Rate Spikes to a Record 11%, Blowing by the Financial Crisis Peak Wolf Richter (Li)

Class Warfare

US credit card defaults jump to highest level since 2010 Financial Times

Antidote du jour. Tracie H: “Female Mallard duck. She doesn’t want to get her eyes wet if she doesn’t have to.”

And a bonus (Chuck L):

See yesterday’s Links and Antidote du Jour here.

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