Categories Finance

Links for May 12, 2026 | Naked Capitalism

The Criminal Enterprise Run by Monkeys – Wall Street Journal (Li). No, this isn’t related to OpenAI.

We initially overlooked this story when it first appeared. It seems to reflect trends stemming from the smartphone era. I can recall 1993 and 1994; while the competition was fierce, it didn’t manifest in this manner.

Whales ‘forced to shout’ to communicate over shipping noise – Telegraph

A supervolcano nearly wiped out humanity 74,000 years ago, but humans did something remarkable – Science Daily (Kevin W)

Hantavirus

How are countries responding to hantavirus? – BBC

French woman told by doctors that hantavirus symptoms were merely anxiety – Guardian (Kevin W)

Climate and Environment

Canadian Muskoxen Hit Hard by Diseases and Climate Change – Good Men Project

Scientists discover that a ‘triple whammy’ of chaos has begun a downward spiral in Antarctica – CNN

U.S. farmers grapple with extreme heat and drought, facing losses to crop yields – Guardian

Study reveals that plastic waste transports toxic substances through marine environments – Daily Sabah

China?

The Stakes of Trump vs. Xi – Foreign Affairs

New Trump sanctions on Chinese firms: strategic leverage on Xi or excessive measures? – Asia Times (Kevin W)

Trump invites corporate leaders, including Elon Musk and Tim Cook, on a trip to China for a summit with Xi – CNBC (Kevin W). It’s rather audacious, reminiscent of Netanyahu bringing laundry on official trips, only to have it cleaned on the taxpayer’s dime. It’s worth noting this summit was confirmed by China at the last minute, and no preparatory work was undertaken.

China cautions against an increase in Japanese neo-militarism, calling for genuine remorse from Japan – Bastille Post

India

Modi calls on Indians to work from home and minimize international travel as the conflict in Iran persists – BBC

Southeast Asia

Philippine debt service payments more than doubled to ₱737 billion in the first quarter – Manila Standard

Indonesia grapples with its debt crisis
– Asia Times

El Niño raises concerns of dual water risks for Thailand from May to July – The Nation. If it affects Thailand, similar impacts are likely for other Southeast Asian nations.

Africa

Middle Eastern conflicts are heightening hazards for whales off South Africa due to increased sea traffic in their habitats – New Arab

Dozens perish in jihadist attacks in central Mali – Aljazeera

Nigeria announces dozens of terrorists killed as troops overcome an assault on a military base – TRT Afrika

At least 69 are killed by rebel fighters in northeastern DR Congo – Aljazeera

‘It feels like we went bankrupt overnight’: the poorest in Somalia are overwhelmed by worthless shilling notes – Guardian

Tremors in South Sudan signal potential for greater upheaval – Arab News

Sudan’s humanitarian crisis: Marginalized in the global narrative – Stimson

South of the Border

Venezuela’s leader to defend claims over mineral-rich territories in Guyana before the UN court – Independent

Venezuela raises concerns over ‘serious’ environmental impacts from an oil spill near Trinidad and Tobago – Los Angeles Times

Antipodes

New Zealand outlines potential fuel rationing measures – Bloomberg

European Disunion

The U.S. engages in discreet discussions to establish new military bases in Greenland – BBC. This occupies a significant position in the U.S.-Canada edition of the site.

Impact of the Iran conflict on European food production lines – Sky

Decoding the implications of German rearmament – Thomas Fazi

Germany pushes to acquire Tomahawk missiles following contention with Trump – Financial Times

Old Blighty

Global bond market vigilantes scrutinize the UK economy after Labour’s polling debacle – Streamline

Did Starmer’s speech do enough to quell calls for his resignation? – STV. The short clip makes for uncomfortable viewing. While I should offer further insight into Starmer’s difficult position, I find his political failures tiresome. Nonetheless, UK readers have a vested interest in this narrative, so feel free to share your thoughts in the comments!

Israel vs. The Resistance

Marathon symbolizes a turning point for a Palestinian runner recently released from Israeli custody – ABC Australia

Israel calls for additional troops to be deployed immediately amidst a ‘collapsing’ military situation – TRT World

Israeli weaponry deploys small metal cubes against civilians in Lebanon, similar to Gaza – Aljazeera

Gulf nations seek Turkey’s air defense capabilities amid perceived threats from Iran – Middle East Eye

Yemen faces rapid economic decline as regional tensions heighten – Yemen Online

War on Iran: Saudi Arabia’s senior official claims it sidestepped an Israeli strategy aiming to ‘plunge the region into disorder’ – Middle East Eye (Kevin W)

Trump’s ‘Unacceptable’ Response – Daniel Larison

Iranian banks continue operations despite financial sanctions imposed by Trump – Observer

The New Not-So-Cold War

The complexities of WWIII – Julian Macfarlane. The initial part concerns the Middle East, but the main focus is on Russia.

Finland is on a trajectory to become one of Russia’s staunchest adversaries – Andrew Korybko

Imperial Collapse Watch

Why Are Americans So Perplexing? – YouTube (Roy P). Super interesting watch.

The RICO State: Exposing the Criminal Framework of Global Capital – William Murphy

Yes, Death to the American Empire – Sam Husseini

A History of OPEC: Implications of its Current Crisis – Think BRICS

Trump 2.0

Trump proposes suspending federal gasoline tax, though he cannot enact this alone – Associated Press (Kevin W)

Lawsuit regarding Trump’s renovations of the Reflecting Pool – The Hill

GOP Clown Car

What is causing Susan Collins to tremble? – Ken Klippenstein

Our No Longer Free Press

Meta is faltering. Perhaps that’s timely. – New York Times (The Joker)

Economy

The conflict in the Middle East has initiated a “super squeeze” in global sulfur and sulfuric acid markets, causing prices to surge – CRU

Coal shipments rise as nations seek alternatives to disrupted gas supplies – Financial Times

Asia braces for a second wave of energy shocks stemming from the Iran conflict – Independent

Hokkaido faces a garbage bag shortage due to panic buying – News Japan. Given regional trends, this scarcity isn’t surprising, particularly at this early stage in Japan.

Mr. Market is Giddy

The financial system is a giant polycrisis, poised to detonate – Globe and Mail

AI

Google warns of a surge in AI-driven hacking, which has escalated into a widespread threat – Guardian (Kevin W).

Your reliance on AI is overwhelming – 404 Media

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Class Warfare

The Serpent in the Garden: A.J.A. Wood’s examination of the ‘cultural Marxism conspiracy’ – Commonweal (Anthony L)

Tesla strike spreads beyond Sweden’s borders – IF Metall blocks international operations – Dagens Arbete (Micael T)

Municipalities will now be prohibited from competing with businesses – Tidningen Näringslive (Micael T)

Why should Swedes continue to consume if half the country is regressing? – Aftonbladet (Micael T)

Antidote du Jour (Nat):

A bonus:

A second bonus:

And a third:

You can check out yesterday’s Links and Antidote du Jour here.

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