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Links for May 23, 2026 | Naked Capitalism

Exploring Recent Developments

In today’s fast-paced world, significant events shape our lives daily. From environmental crises to political upheavals, every story holds weight. This article highlights some key issues and thoughts in various domains that impact our current landscape.

Police officer catches baby dropped from window of burning home – BBC

Modern Hindu Temples – Works in Progress (Micael T)

Who Controls Truth in a Post-Truth Era? – Dr. Andreas Matthias

Hell Exaggerated: When “Exorcism” Becomes Sensationalism – Addison Hodges Hart

Joy is not an emotion; it’s a way of being – Megha Lillywhite (Micael T). The open section poses a false dichotomy while making an unverified claim:

Many argue against hedonism without sufficient alternatives when discussing virtue and morality.

Despite this, rejecting hedonism is possible. Contentment derived from work can lead to fulfillment without the pitfalls of the pleasure chase. Observations reveal that seeking pleasure can often result in dissatisfaction, as noted in cases of individuals excessively drinking if they don’t attain their desired state. Mihaly Csikszentmihalyi, in his book Flow, elaborates on achieving a ‘flow’ state through engaged tasks, providing deep enjoyment and creativity when the challenge is balanced and attainable.

A New Age perspective encapsulates this: “A monk observed, ‘Before enlightenment, I carried water and chopped wood. After enlightenment, I still carried water and chopped wood.’”

Common pesticide associated with hidden brain damage, scientists warn – Science Daily (Kevin W)

Hantavirus

American passenger feels ‘betrayed’ by federal quarantine order for hantavirus – NPR (Kevin W)

Climate/Environment

The Arctic’s Decline: Vanishing Caribou – Financial Times

Warming oceans threaten kelp forests at alarming rates – Earth

Satellite data indicate extreme weather intensifies tidal wetland loss – PhysOrg

Scientists classify recent moorland fire as the UK’s first megafire – BBC

Temperatures in Northern India reach unprecedented highs – Bastille Post

Record High Temperatures Force New England to Tap Oil for Power – Bloomberg

Kansas faces extreme weather and rising costs; wheat crops in jeopardy – Independent

Can the West adapt to ‘drastic’ cuts in Colorado River water supply? – The Week

China?

Beijing bans Nvidia’s top graphics card to support domestic competitors – Asia Times (Kevin W)

China constructs underwater AI data centers at significantly lower costs – Kevin Walmsley

Some YouTubers saw this as a conclusion:

Japan

The Struggle Between Japan and China: An Ongoing Feud – Economist

Africa

Sudan, Ethiopia, and Eritrea: Is a Regional War on the Horizon? – New Arab

Ebola tensions escalate in DR Congo’s Ituri as treatment center is set ablaze – Aljazeera

O Canada

U.S. operatives create surveillance app for Alberta separatists, attempts to destabilize Canada – YAC News (Ann)

European Disunion

Appendix: The U.S. Nuclear Umbrella – Does it Exist? – Ola’s Substack (Micael T)

China threatens retaliation over EU’s new measures against ‘overcapacity’ – EUObserver

Germany faces soaring borrowing costs amid an energy crisis stemming from Iran – Euractive

EU’s desire to extract Chinese firms from telecom networks encounters hurdles – Kevin Walmsley

‘No means no’: Greenlanders protest against Trump’s new U.S. consulate – BBC

Trump envoy heckled during Greenland visit: ‘Don’t come here’ – Newsweek (Kevin W)

Greenland’s premier to skip new U.S. consulate opening amid tensions – Anadolu Agency (Kevin W)

Old Blighty

UK Reports Highest April Budget Deficit Since Pandemic – Bloomberg

Rachel Reeves proposes free summer bus rides for children as part of living costs package – Guardian

British farms risk ‘unviable’ futures as climate extremes heighten – Farming UK

UK must adapt urgently to survive global heating as it was built for a climate that no longer exists – Guardian

UK did not vet Prince Andrew before appointing him as trade envoy – Politico (Kevin W)

Israel vs. The Resistance

White House contends high gas prices are a minor cost in achieving nothing with Iran – Babylon Bee

Recent reports indicate severe humanitarian concerns:

Iran proposes new strategies to halt the U.S. war as Trump contemplates strikes – DropSite

Trump’s Endgame: A Discussion on Potential Surrender – Robert Kagan, Atlantic. An essential read highlighting the impending transition in U.S. foreign policy.

Analysis: All-Out War in Iran, Implications for Netanyahu’s Strategy – Deep Dive.

New Not-So-Cold War

Ukraine claims drone strikes target Russian refinery deep inside its territory – Los Angeles Times

Investigation: Palantir’s Involvement in Current Events – Events in Ukraine

Big Brother is Watching You Watch

Pro-Surveillance Politicians React to Public Dismay Over Flock – 404 Media

Quantum Computers Could Compromise Current Encryption Sooner Than Predicted – ZME Science (Dr. Kevin)

Imperial Collapse Watch

Hope Against Hope: Reflections – Harper’s (Mike M).

Trump 2.0

Trump seems to be retreating to safety as his approval ratings drop – iPaper (Ann)

Reading the DOJ’s memo on Trump’s anti-weaponization fund – PBS (Kevin W)

Trump’s Approval Hits Lowest Recorded Level – Newsweek (Ann)

Beyond Markets: A Look at Trump’s Stock Trades – Yahoo! (Kevin W)

Jeff Bezos comments on Trump’s discipline and good ideas – Oligarch Watch

Our No Longer Free Press

Bennett Campaigns to Improve Israel’s Public Image – Kevin Gosztola (Dr. Kevin)

Examining Palantir’s Role in Major Newsroom Operations – Middle East Eye (Kevin W)

Economy

IEA forecasts oil market may face significant issues by mid-summer – MSN

Threat of Hormuz closure could spell recession similar to 2008, predicts Rapidan – Bloomberg

Fears of inflation resonate within industrial metals sector – CNBC

Walmart issues warning on petrol rationing as the Iran war impacts consumer costs – Financial Times.

The coming oil shock is poised to impact America – Financial Times. By Amos Hochstein.

Record withdrawals from SPR tighten U.S. oil reserves – OilPrice

Mr. Market Needs a Therapist

Oil prices rebound as reports emerge that Iran wishes to keep enriched uranium in-country – CNBC

Global bond yields reach highest levels since the financial crisis – Equiti

Concerns over global debt stress potentially shaking financial markets – CMC.

Discussion on a potential credit crunch driven by data center debts: Insights from the Eon CEO – CNBC.

Antitrust

“Where’s the Money Going?” – Investigating Waste and Costs in American Utilities – Matt Stoller

AI

Could AI Disrupt Higher Education? – Rory Truex

Why Are Graduates Booing AI? – ABC Australia (Kevin W)

Is Generative AI the Tech Industry’s Vietnam? Could it Lead to a Better Future? – Gary Marcus

The Impact of AI on Affordable Smartphones – David Oks (Micael T)

AI Discourse: A Discussion on Presentism Bias – Bentham’s Bulldog (Micael T)

AI’s Potential Threat to Human Relationships – Grace Helton (Micael T). The implications of this article are thought-provoking.

The Bezzle

Unable to quickly resolve the conflict with Iran could mean the end of the AI stock bubble – South China Morning Post. Xie offers critical insights based on past crises.

The Concerns Behind CalPERS’ Push for Private Equity Investments – CalMatters.

Class Warfare

The Geopolitics of Class Warfare in a Post-American World – Un-Diplomatic (Micael T)

Assessing the Timeline for “You Will Own Nothing” – Patrick Wood (Micael T)

Tackling the Diaper Crisis: A Real Challenge for American Families – Washington Post (Dr. Kevin)

Emerging Organizers: Luxury Renters in NYC Create Tenant Associations – Gothamist

Kenya’s Public Transport Operators Call Off Strike After Government Cuts Diesel Prices – Reuters

Antidote du jour (Tracie H):

And a bonus (Chuck L):

A second bonus (Chuck L):

For further insights, see yesterday’s Links and Antidote du Jour.

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