ECONOMY

Links 1/16/2024 | naked capitalism


How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit Popular Information

Founder of muckraking financial information firm Hindenburg Research calls it quits AP

The Governments That Survived Inflation Foreign Affairs

The Bitter End Doomberg (PI).

Xiaohongshu (RedNote)

‘TikTok refugees’ unexpectedly turn to Chinese alternative as ban looms LA Times.

America’s youth longs for Chinese e-commerce Garbage Day. Worth a read on social media.

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Trump is looking to save TikTok from potential ban, Waltz says Axios

Trump adviser says president-elect is exploring options to ‘preserve’ TikTok AP

‘It’s a personal choice’: China dodges RedNote censorship issue as US TikTokkers migrate South China Morning Post

California Burning

The story of how two Beverly Hills farmers privatized water in California Yasha Levine, weaponized immigrant

Anti-COVID groups distribute masks and air purifiers faster than LA government amidst fires The Gauntlet. Commentary:

California utility faces billions in claims for fire damage even if it did nothing wrong Reuters

Climate

Top financial watchdog warns climate change set to trigger market panics FT

First US congestion pricing scheme brings dramatic drop in NY traffic FT

Syndemics

FOLLOW-UP: “Covidians” & Cults Pandemic Accountability Index

China?

China retail giant bans staff from engaging in domestic violence, sparks privacy concerns South China Morning Post

The Pettis Paradigm and the Second China Shock Noah Smith, Noahopinion

Applicants wanted: China’s C919 to benefit as Beijing bankrolls ‘large aircraft’ research South China Morning Post

In South Asia, Power Shifts Usher in Diplomatic Surprises Foreign Policy

The Koreas

South Korean authorities take impeached President Yoon to detention center after questioning AP

Syraqistan

Live updates: Israel-Hamas ceasefire agreement awaits final approval AP:

A “last minute crisis” with Hamas was holding up Israeli approval of a long-awaited agreement to pause the fighting in the Gaza Strip and release dozens of hostages, Prime Minister Benjamin Netanyahu said Thursday. Meanwhile, Israeli airstrikes killed dozens of people across the war-ravaged territory.

Netanyahu’s office said his Cabinet won’t meet to approve the agreement until Hamas backs down, accusing it of reneging on parts of the agreement in an attempt to gain further concessions.

Commentary:

Bowen: Long-overdue ceasefire may stop the killing but won’t end the conflict BBC

Israel Pulls Out of Gaza Strip as Barack Obama Assumes the Presidency PBS. January 19, 2009, still germane. But it rhymes?

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One Question Looming Over Israel-Hamas Truce Deal—Why Now? Foreign Policy

IDF general credits Trump threat as ‘big change’ in securing cease-fire after Hamas rejected same deal in May FOX

A Year of Empty Threats and a “Smokescreen” Policy: How the State Department Let Israel Get Away With Horrors in Gaza ProPublica

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US says it’s committed to preventing return of Hamas rule in Gaza following cease-fire deal Anadolu Agency

Netanyahu Just Agreed to a Hostage Deal With Hamas. But It’s Not the Deal He’s Selling His Supporters Haaretz

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Outgoing CIA director says ‘no sign’ Iran developing nuclear weapons The Cradle

How US activists are infiltrating Israeli events selling Palestinian land Waging Nonviolence

The New Great Game

Opinion: ‘Armenia and US sign strategic partnership charter as legacy for Trump’ JAM News

European Disunion

German economy continued to shrink in 2024 Anadolu Agency

New Not-So-Cold War

UK Prime Minister Keir Starmer arrives in Kyiv to sign ‘100-year yartnership’ treaty Euronews. “Partnership,” actually.

How are EU gas reserves holding up against the halt of Russian supplies? Euronews

Zelenskyy: Europe has no chance against Russia without Ukrainian military Ukrainska Pravda

Trump Transition

The Senate is considering the Laken Riley Act. Here’s what it would do LA Times. Commentary:

Trump promises an “External Revenue Service” to collect tariffs Axios

Saving the Government Money RAND

The Second Trump White House Could Drastically Reshape Infectious Disease Research. Here’s What’s at Stake. ProPublica

How Trump Got Away With It, According to Jack Smith Time

South of the Border

Depose Maduro Bret Stephens, NYT

Biden Administration

Biden warns in farewell address that an ‘oligarchy’ of ultrarich in US threatens future of democracy AP. Commentary:

Democrats en deshabillé

Kamala Harris Paid the Price for Not Breaking With Biden on Gaza, New Poll Shows Ryan Grim, Dropsite

Spook Country

The CIA’s Racak ‘Massacre’ Hoax Kit Klarenberg, Global Delinquents

The Bezzle

Pension funds dabble in crypto after massive bitcoin rally FT

The Final Frontier

SpaceX rocket launches private missions to Moon BBC

Healthcare

UnitedHealth, employer of slain exec Brian Thompson, found to have overcharged some cancer patients for drugs by over 1,000% Fortune

Zeitgeist Watch

I’m taking my health seriously this winter – here’s why we all should Independent

Kelly Stafford Admits She Felt ‘Guilt’ for Exposing Entire L.A. Rams Team to Sick Kids on Private Jet People

Speculation: Euthanasia Will Become Coercive Lyman Stone

The Co-Opted Chinese Word That Broke Risk Management Oxebridge

The Weight of a Stone American Scholar

Antidote du jour (Derek Keats):

See yesterday’s Links and Antidote du Jour here.

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