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Links for August 15, 2026 | Naked Capitalism

Recent Global Highlights: A Look at the Hottest Topics

The world is constantly evolving, filled with scientific discoveries, environmental challenges, and cultural reflections. Here’s a roundup of some of the most recent significant events and discussions from various domains.

The awe-inspiring land art that transcends time and space – Aeon (Chuck L)

Organic molecules discovered in 66-million-year-old dinosaur bones shakes up paleontology – Science Daily (Kevin W)

Freud in the Age of Modern Therapy Terminology – Hedgehog Review (Micael T)

#COVID-19 and Pandemics

Ugh… – Barry Ritholtz (resilc)

Climate and Environment

Late Paleozoic Ice Age warming event indicates possible climate ‘tipping point’ – PhysOrg

Phytoplankton populations significantly drop following the onset of El Niño – Oceanographic Magazine

Greenland’s meltwater influencing Europe’s jet stream, leading to record-breaking heatwaves – TechTimes

Extreme heat in Western Europe sparks wildfires and economic setbacks – The Nation

<p><a href="https://www.theguardian.com/world/2026/aug/13/asia-heatwave-south-korea-potatoes-boil-ground-record-heat-hong-kong-japan" rel="nofollow" target="_blank">Heatwaves in Asia lead to extreme conditions, with potatoes ‘boiling’ in the ground</a> - Guardian</p> 
<p><a href="https://idahonews.com/news/local/firefighters-pulled-from-fires-after-threats-harassment-along-idahooregon-border-tartar-fire-fox-fire-usfs-wildland-brush-fire" rel="nofollow" target="_blank">Firefighters faced threats and harassment while battling fires near the Idaho/Oregon border</a> - CBS2 Idaho News (resilc)</p> 

China

Trump’s new drone tariffs risk exacerbating trade tensions with the US – South China Morning Post

The West analyzes China’s power but overlooks its rich culture – Asia Times (Kevin W)

A roundup of China’s best music of 2026 (so far) – ChinaTalk

Taiwan conducts internet blackout drills, reflecting concerns over potential threats from China – Guardian

Koreas

North Korea expresses outrage over US-South Korea military exercises – Aljazeera

Japan

US and Japan collaborate on the world’s deepest undersea mine to confront China – Japan Times

India

“Water Is Our Red Line”: Pakistan’s PM Shehbaz Sharif on Indus water disputes – NDTV

Africa

Eritrea emerging as a significant player along a critical global shipping route – DW

Mass displacement in Somalia as drought drives thousands to flee amidst aid cuts – Aljazeera

Refugees and conflict in one nation escalates debt challenges for neighboring countries – The Conversation

Civil society under siege in Sahel nations – Eurasian Review

Strikes on energy infrastructure heighten Libya’s energy woes – Aljazeera

Southeast Asia

A 7.7 magnitude earthquake off Indonesia’s coast results in at least 20 casualties – Associated Press

Will a potential BrahMos deal for Thailand spark an arms race with Cambodia? – South China Morning Post

South of the Border

Venezuela seeks the return of its gold stored in the Bank of England – Financial Times

Cuba critiques the Dominican Republic’s decision to expel its diplomats, attributing it to US influence – CGTN

Escalating gang violence in Haiti raises concerns for upcoming elections – Haitian Times

Marco Rubio’s perspective on Havana syndrome – Unherd

European Disunion

Europe’s armies are adapting digital strategies to attract young recruits – Euractiv

Exploring the implications of low water levels in the Rhine – Craig Tindale

Nuclear facilities are shutting down as Europe grapples with a drought-induced energy crisis – CNBC

Old Blighty

UK increases oversight of its defense supply chains following concerns over China – Bloomberg

UK’s economic growth slows as the Iran conflict drives up energy costs – Guardian

We are facing a climate crisis beyond the credit crunch – Independent

Advisor to a climate-skeptic faction in the UK reflects on the ‘disaster’ harvest – DeSmog

Challenges faced by London’s creative industries due to low salaries – ArtUplugged (Micael T)

Exploring Mayfair, a favored area for Gulf elites in London – Middle East Eye

Israel vs. The Resistance

Lebanese Americans file a lawsuit against the US regarding Israeli rights abuses during the Lebanon conflict – Aljazeera

Iran War

Trump hints at declaring the Strait of Hormuz a US territory – Guardian (Kevin W)

Iran’s judiciary responds to Trump, stating ownership over the Strait of Hormuz – PressTV

Iran announces no plans to restart discussions with the US – Anadolu Agency

* * *

Be aware that certain YouTubers are promoting claims regarding UAE funds and gold sent to Iran, which lacks reliable sourcing.

* * *

Oil companies are investing significantly in alternative routes to bypass the Strait of Hormuz – New York Times

* * *

New Not-So-Cold War

Conflict developments in Ukraine highlight rapid deteriorations in key areas – Events in Ukraine

<p><a href="https://www.japantimes.co.jp/news/2026/08/14/world/russia-fuel-oil-refineries-ukraine/" rel="nofollow" target="_blank">Increased Russian fuel shortages due to ongoing attacks on refineries in Ukraine</a> - Japan Times</p> 
<p><a href="https://www.bbc.co.uk/news/articles/c5y49xp2wrno" rel="nofollow" target="_blank">Major strikes on Russian grain export terminals in the Black Sea</a> - BBC</p> 
<p><a href="https://www.reuters.com/world/ukraines-farmers-despair-russias-black-sea-blockade-traps-their-harvest-2026-08-13/" rel="nofollow" target="_blank">Ukrainian farmers are in despair as Russia's blockade limits their ability to harvest crops</a> - Reuters</p> 
<p><a href="https://korybko.substack.com/p/another-polish-ukrainian-grain-crisis" rel="nofollow" target="_blank">A looming grain crisis threatens Polish-Ukrainian relations</a> - Andrew Korybko</p> 

Imperial Collapse Watch

Analysis of escalating violence and conflicts – Daniel Larison

The US pressures its allies regarding ideological alignment ahead of troop reductions – Bloomberg

A critical assessment of a futuristic armaments factory in Texas that yielded no products – Similicius

US efforts to develop anti-satellite capabilities escalate tensions with China and Russia – Asia Times (Kevin W)

Trump brushes off mental health concerns from those aboard the USS Lincoln – Al Jazeera

Trump 2.0

Kennedy Center’s decision to inscribe Trump’s name sparks discussions – New York Times (resilc)

A look into Trump’s efforts to prosecute noncitizen voters – ProPublica

Mark Kelly criticizes Trump for his lack of understanding of military matters – The Hill

Immigration

Examining the costs associated with deportations – Economic Policy Institute

Democrats Under Scrutiny

Leaked documents reveal a major Democratic organization targets the Left – Ken Klippenstein

Freedom of the Press

France’s top court overturns the ban on under-15s using social media – Reclaim the Net

Economic Concerns

Can the world endure an extended period of conflict? – Tovima

Diesel prices surpass jet fuel costs in Europe as shortages escalate – Reuters

Global diesel shortage worsened by ongoing major conflicts – International Business Times

<center>*   *   *</center> 
<p><a href="https://archive.is/02VsW#selection-1471.0-1471.54" rel="nofollow" target="_blank">US standoff with Iran drives mortgage costs higher</a> - Financial Times</p> 
<blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">The US reports its largest July budget deficit ever, totaling -$432 billion</p> 
  <p>— The Kobeissi Letter (@KobeissiLetter) <a href="https://x.com/KobeissiLetter/status/2087890009277833590?ref_src=twsrc%5Etfw">August 13, 2026</a></p> 
</blockquote>
<p><a href="https://www.reuters.com/legal/litigation/corporate-concern-over-el-nino-hits-multi-year-high-2026-08-14/" rel="nofollow" target="_blank">Corporate anxieties over El Niño reach notable highs</a> - Reuters</p> 

Market Worries

Yen decline spurs speculation on further government intervention – CNBC

<blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Germany's 30-year Bund yield reaches the peak last recorded in 2011 <a href="https://t.co/uOf8rd8e6B" target="_blank" rel="nofollow">pic.twitter.com/uOf8rd8e6B</a></p> 
  <p>— Hedgeye (@Hedgeye) <a href="https://x.com/Hedgeye/status/2088285668271140978?ref_src=twsrc%5Etfw">August 14, 2026</a></p> 
</blockquote>

<p><a href="https://www.reuters.com/world/asia-pacific/ai-driven-surge-bond-yields-could-be-next-risk-markets-growth-2026-08-14/" rel="nofollow" target="_blank">AI-induced increases in bond yields pose potential risks to markets</a> - Reuters</p> 
<p><a href="https://archive.is/kRuF7#selection-1469.0-1469.40" rel="nofollow" target="_blank">The Treasury market's troubling dependence on unstable factors</a> - Financial Times</p> 
<p><a href="https://archive.is/VghhI#selection-1465.0-1465.60" rel="nofollow" target="_blank">US sells 30-year bonds at the highest rates since 2001</a> - Financial Times</p> 

Artificial Intelligence

Wall Street bets with Nvidia’s AI chips, affecting financial norms – Financial Times

Examining why gas power plants for data centers face pollution issues – Wired (resilc)

The Bezzle

Assessing how Big Tech’s earnings appear inflated due to inter-company transactions – Wall Street Journal (resilc)

Kalshi faces a halt on major operations in Washington State – New York Times (resilc)

Guilty Pleas

Luigi Mangione admits guilt in a federal court in NYC – Gothamist

An examination of Zuck’s ambitious, albeit uncertain, vision for the future – 404 Media

The problematic financial realities of American sports – Derek Thompson (Micael T)

Exploring the ramifications of enforced lifestyles – Caleb Ecarna

Antidote of the Day

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