Categories Finance

Naked Capitalism Links for August 4, 2026

Welcome, dear readers,

In this edition, we present an extensive collection of Links, along with a special segment focusing on the ongoing conflict involving Iran in lieu of a dedicated post.

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Fish Bad, Sugar Good… And Other Medieval Ideas About Food – Literary Hub (Micael T)

The View From Beyond Time – Bentham’s Bulldog (Micael T)

The Looting of Science Fiction – Aeon (Micael T)

Giant Waves are Sweeping Mars’ Atmosphere into Space – Science Daily (Kevin W)

Climate/Environment

Why Are So Many Dead Bumblebees Appearing on Sidewalks? – Science Daily

Invasive Species Are Forcing People from Their Homes, Scientists Warn – Earth

Climate Change is Moving Mountains – Atlantic

What’s Driving the Heat Wave Scorching Much of the World? – Wired

Insurers Evaluating New Catastrophe Risks as Europe Endures Extreme Heat – Bloomberg

ECB Warns Climate Crisis Poses Growing Threat to Financial Stability – Guardian

Blazes Burning with the Intensity of ‘Atomic Bombs’: Europe Enters a New Era of Mega Fires – CNN

Death Toll from Floods in Assam, India, Rises to 82 – Anadolu Agency

China?

China’s Car Market Stalls Even as Global Demand Increases – OilPrice

Signs of a Slowdown in China’s Factory Output Amid Weak Demand – Nikkei

China Conducts Military Exercises Near Disputed Reef with the Philippines – Brussels Times

Philippines Looks to Ukraine for Drone Technology in the South China Sea – South China Morning Post

Southeast Asia

Israeli Presence in Forest City Highlights Malaysia’s Zionist Connections – Middle East Eye

Thai Justice System Criticized After Freed Criminal Admits to Killing Five – South China Morning Post. This case has garnered significant attention in Thailand; it’s now gaining coverage internationally. The Prime Minister quickly visited the crime scene and spoke with local police. Initial reports suggest that the first murders involved impersonation of law enforcement, causing widespread outrage concerning the lack of progress in finding the perpetrator.

Africa

Sudanese Army Drone Strike in Darfur Claims 35 Lives, Claims Rights Group – Aljazeera

Boko Haram Ambush Results in 10 Soldiers Killed in Southeastern Niger – Arab News

The Antipodes

Housing Market Slump Deepens in Australia and New Zealand – Bloomberg

O Canada

Trump’s Tariff War Continues to Affect Canadian Border Communities – ProPublica

South of the Border

Cuba Experiences Nationwide Blackout as State Energy Firm Reports New Power Crisis – France24

European Disunion

Europe Anticipates Gas Crunch This Winter Due to Iran Conflict – Irish Times

Europe’s Future in a World That No Longer Waits for It – Overton (translated)

Ceuta Migration Crisis Highlights the Despair Among Youth in Morocco – New York Times. Resilc comments: “All borders are grappling with these questions, particularly in light of climate change.”

Scandal and Reshuffling: Germany’s Merz Faces Calls for Resignation – The Duran

Potential Ban on Mercedes-Benz in the U.S. Due to Legislative Actions – Car and Driver (resilc)

Emergency EU Meeting Called to Address Migrant Surge in Ceuta – ABC

Old Blighty

Nearly £200,000 Worth of Fuel Stolen from UK Forecourts Daily Since Iran War Began – BBC

Farmers Warn of Potential Food Shortages Amid Ongoing Drought – Guardian

Israel vs. The Resistance

Assault on Christian Monastery in Jerusalem by Religious Jews (VIDEO) – RT (Kevin W)

Israeli Airstrikes Result in 18 Deaths in Gaza as Ceasefire Negotiations Stall – CGTN

Iran War

Traffic in Bab al-Mandeb and Hormuz Remains Minimal – Aljazeera (live feed entry)

Significance of Arbaeen: The Shiite Pilgrimage of Mourning – The Conversation (resilc). For further context, check out Millions Observe Arba’een to Express Loyalty to Imam Hussein – PressTV. The observance is set for Tuesday. Alastair Crooke suggested that Iraq may delay any retaliation until after this date. Could Iran escalate its actions? Their current strategy seems designed to keep the U.S. on edge.

Assembly of Experts Confirms Support for Supreme Leader’s Position on Negotiations – Iran Wire. A close reading indicates that the Assembly swiftly corrected President Pezehskian’s stance, not necessarily indicating a split, but suggesting priority for domestic policy over foreign obligations. His views remain unpopular, as evidenced by his being the sole official heckled at the Supreme Leader’s funeral.

Meanwhile, claims have emerged of a $9 billion insider trading operation linked to high-level Trump administration officials, including Jared Kushner.

Iraq’s Oil Lifeline at Risk as Hormuz Crisis Looms – Middle East Online

Syraqistan

Indian Envoy Claims Pakistan Has Undermined Faith in Indus Waters Treaty – WION

Inside the City Gripped by Deadly Protests in Pakistan-administered Kashmir – BBC

New Not-So-Cold War

Russian Reports Indicate Seven Dead and 40 Injured from Ukrainian Drone Strike on Popular Beach – BBC

Disastrous End to Zelensky’s 40-Day Operation Exposes Ukraine’s Challenges – Simplicius

Protests Supporting the Dismissed Ukrainian Defense Minister Are Not Organic – Andrew Korybko. Quelle surprise!

Italian Navy Intercepts Tanker from Russian Shadow Fleet – Euronews

‘Winter is Coming’: Ukraine Braces for Its Toughest Challenge Since the Russian Assault – CNBC

Russia Imports 30,000 Metric Tonnes of Gasoline from Morocco Amid Ukrainian Strikes – Business Insider

Kyiv Hits Wildberries Again Amid Fatal Exchange of Strikes with Russia – Guardian

Sergey Lavrov: “Our Unique National Identity Popularizes Action Based on Historical Precedent” – International Affairs (Micael T)

“Europe Represents the Greatest Risk” – Russia in Global Affairs (Micael T)

“Healthy Anger is Entirely Justifiable” – Top War

Imperial Collapse Watch

The West’s Achilles Heel – John Robb

The Galling Gallium Chokehold: U.S. Capacity to Produce Precision Missiles and Functional F-35s is Compromised – Larry Johnson

China and Russia: The Sole Nuclear Superpowers – YouTube. Resilc observes: “The sluggishness in developing data centers suggests a broader civil engineering incapacity within the U.S.”

Party Elites Remain Oblivious to Growing Anti-War Sentiment Among Their Base – Responsible Statecraft

Trump 2.0

U.S. Poll: Democrats Gain Trust over Republicans on Economic Issues for the First Time in Ten Years – Ratopati. The underlying Reuters story is behind a paywall.

Capital One Shuts Down Trump Organization Accounts Over Money-Laundering Concerns – NPR (resilc)

Park Service Delivers Harsh Verdict on Trump’s “Triumphal Arch” – New Republic

Trump Remains Committed to His Trade War – Faces Challenges Ahead – Guardian

Hegseth Struggles to Garner Senate Support for Iran War Funding – The Hill

Police State Watch

ICE Collected Nearly One Million DNA Samples Last Year, Including from Young Children – Wired (resilc)

Economy

Global Oil Buffer is Not Quite at Crisis Level – Bloomberg

Saudi Oil Rerouting is Reaching Its Capacity Limits – OilPrice

Mr. Market Should Be More Worried

Market Turmoil Illuminates Underlying Issues in the AI Economy – Guardian

AI

Astounding Number of Ordinary Individuals Arrested for Protesting Data Centers – Futurism (resilc)

Federal Lands Now Open to AI Data Centers – Beginning Near Lake Mead – Outside Online

Monopoly Round-Up: Are Major AI Corporations Engaging in Malpractice? – Matt Stoller

OpenAI Reduces Pricing for New AI Models – Is OpenAI’s Dominance in Jeopardy? – YouTube (resilc)

Comparing the 1990s Web with Today’s AI Landscape – Arnold Kling (Micael T)

OpenAI’s Latest Model is Impressive but Perhaps Overhyped – Gary Marcus

The Bezzle

Ohio State and Notre Dame Introduce Jersey Sponsorship — Expect Your Favorite School to Follow Suit – The Athletic (resilc)

Larry Ellison’s All-in Bet on the AI Boom: Is He the Face of the Next Bubble? – New York Times

Walter Insurers Pay Millions to Egan-Jones for Credit Ratings – Financial Times

Class Warfare

25-Year-Old Carpenter Ivan Must Work Until Age 70: “My Older Colleagues Are Already in Pain” – Arbetet (translated)

Youth as the Vanguard of a Pacifist Cultural Revolution – Overton (translated)

Antidote du Jour (via):

A Bonus:

A Second:

A Third:

And a Different Kind of Bonus:

You can find yesterday’s links and Antidote du Jour here.

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