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Links for January 1, 2026 | Naked Capitalism

Dear Valued Readers,

As we usher in 2026, we would like to extend our warmest wishes for a joyful and fulfilling year ahead.

Your continued support, insightful comments, and shared links mean the world to us. It is a privilege to serve such a remarkable community.

And let’s take a moment to reflect:

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What is Nifty Nugget? NDAA revives 47-year-old military exercise Military Times (Kevin W)

New images reveal what truly occurs when stars explode ScienceDaily (Kevin W)

Incandescent Anger aeon

#COVID-19/Pandemics

Emerging SARS-CoV-2 Variant RE.1.1 On Track to Dominate and Spark New COVID-19 Surges Thailand Medical News

Climate/Environment

‘There’s No Water Anymore’: How Palm Oil Plantations Drained a Guatemalan Rainforest Community Irish Times (resilc)

China?

Today’s must-read:

Xi Jinping Vows to Reunite China and Taiwan in New Year’s Eve Speech Guardian

US or China: Whose Bubbles Will Loom Larger in 2026? Asia Times (Kevin W)

Condom Tax and Cheaper Childcare: China’s Plan to Boost Birth Rates BBC

No Winter is Insuperable – A New Year’s Message Pekinology

China Calls on Netherlands to Correct ‘Mistake’ Over Chipmaker Nexperia Aljazeera (Kevin W)

Behind Oklahoma Cannabis Farms, New Yorkers With Ties to Beijing New York Times (resilc)

Japan

Sinkholes and Quake-Hit Roads Expose Japan’s Infrastructure Emergency Bloomberg

South of the Border

China Signals It Won’t Give an Inch to the U.S. in Latin America Wall Street Journal. No archived version yet.

Trump Can’t Keep Quiet About the CIA Attack in Venezuela Daniel Larison

Oil Tanker Fleeing the Coast Guard Now Listed in Russian Ship Database New York Times (resilc)

US Forces Strike 3 Alleged Narco-Trafficking Vessels in International Waters Anadolu Agency

European Disunion

Macron Vows to Serve ‘Until the Last Second’ of Presidency Le Monde

Authorities Investigating Damage to Undersea Telecom Cables Between Finland and Estonia Euronews

Israel vs. The Resistance

How the Return of Piped Water to Gaza Poses New Risks for Disease and Pollution – Which Could Flood Into Israel Haaretz

Neocons’ Premature Celebration Over Protests in Iran Larry Johnson

The Precursors for War are in Place. Iran is the Peg to Intense Political Jockeying to Define the Post-Trump Future Alastair Crooke (Chuck L)

Saudis vs. UAE

Saudi Arabia and UAE Bank on Different Military Strengths in Yemen Rivalry Middle East Eye (resilc)

US, UAE Confer on Regional Security Amid Calls for Yemen Restraint Middle East Online

New Not-So-Cold War

2025 End of Year Wrap-Up and Battlefield Projections for 2026 Simplicius

The Separation: Inside the Unraveling U.S.-Ukraine Partnership New York Times

NY Times Exposé: CIA Fights Russia – Trump’s Peace Deal Runs on Illusion Moon of Alabama (Kevin W)

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US Finds Ukraine Did Not Target Putin in Drone Strike: Report Anadolu Agency. The Russian footage does not prove anything, but Russia would not publish satellite info if such existed because they do not want to expose their capabilities and limits. However, John Helmer and Dmitri Liscaris have pointed out “fog of propaganda” details, such as the unusually long time it took for Lavrov to accuse Ukraine, the fact that Putin’s residence is much closer to Latvia and Estonia than Ukraine, and that former Ukraine official Alexi Arestovich has claimed the target was a nuclear command center/bunker, which if so, would in Russia’s nuclear doctrine call for a nuclear response. Helmer emphasized that only Arestovich made this claim.

Did the West Try to Kill Putin? Julian Macfarlane. Larry Johnson offers a simpler explanation, suggesting the intent was to (further) poison negotiations, and Ukraine (or rather official Ukraine) may not have been involved.

Russia is Treating the Latest Drone Attack on Putin’s Residence as Something More Sinister Than Just Another Terrorist Attack Larry Johnson. In this recent post, he notes that Zelensky personally may have not been involved.

The implications remain serious. Scott Ritter presents bold views, yet that does not invalidate his directional accuracy: Some Thoughts Regarding the Ukrainian Drone Attack That Targeted President Putin.

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10 Moments That Defined the Ukraine War in 2025 Ian Proud

2025: Battles and Numbers Events in Ukraine

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A Two-Century Failure: European Russophobia and Europe’s Rejection of Peace Jeffrey Sachs. Apologies for the late link.

Discussing Georgia with John Mearsheimer Ian Proud

Why Did Putin Only Lament the Loss of Some Former Soviet Republics in His First Meeting with Bush? Andrew Korybko

It’s 2026 in Most of the World: Putin Greets It in Russia Karl Sanchez

Big Brother is Watching You Watch

State Supreme Court Says You Waive 4th Amendment Rights When Using Google YouTube

Newborn Babies Could Be Given Digital ID in ‘Deeply Sinister’ Expansion of Controversial Labour Policy Discussed in Secret by Ministers Daily Mail

Imperial Collapse Watch

The Price of American Authoritarianism Foreign Affairs. Robin K:

Be warned! They criticize Trump, but (still) believe Democrats are a cure. They lump together Hungary, Poland, Turkey, and Venezuela. Never mind that the first three are historically conservative societies, and that, in contrast, Chavez et al. are left, and have governed under constant US sanctions and political pressures.

The Oil Company Drilled. The Government Slaughtered. Who Is Guilty? New York Times (resilc). This sort of thing should be routine rather than exceptional.

Trump 2.0

Five Restraint Successes — and Five Absolute Fails — in 2025 Responsible Statecraft

25 Worst Villains of the Trump Admin MEDIAS+ (resilc). Though the list is flawed by a case of Putin Derangement Syndrome, it remains worth a look.

Trump Ends Effort to Bring National Guard to Chicago, Los Angeles, and Portland Washington Post

Trump Delays New Tariff Hike on Furniture, Kitchen Cabinets Bloomberg. More TACO.

7 Takeaways from Jack Smith’s Congressional Testimony Politico

U.S. Removal of Panels Honoring Black Soldiers at WWII Cemetery in the Netherlands Draws Backlash NBC (resilc)

Lauren Boebert Claims Trump’s Veto of Safe Drinking Water Bill is Retaliation Guardian (Kevin W)

Trump Rips Colorado Governor, DA Over Tina Peters’ Incarceration: ‘May They Rot in Hell’ The Hill

US Federal Agents Investigate Minneapolis Childcare Centers BBC (Kevin W)

GOP Clown Car

Megyn Kelly Brutalizes Mark Levin!! Young Turks, YouTube

Supremes

Roberts Avoids Clashes with Trump in End-of-Year Judiciary Report The Hill

Mamdani

Zohran Mamdani Becomes First New York Mayor Sworn in Using Koran Telegraph

Mamdani Wants to Change the Tax Code. Here’s What That Could Look Like. Gothamist

Zohran Mamdani to Press Ahead with Tax Rises for New York City Millionaires Financial Times. No archived version yet.

How California Built One of the World’s Biggest Public-Sector IT Systems The Register. It remains to be seen if this initiative will face challenges.

Our No Longer Free Press

The Demise of Bari Weiss Has Already Begun The Grayzone, YouTube. While I would not second-guess the astute Max Blumenthal, the odds of Weiss’s immediate ousting are slim given the stability of leadership across major Western governments.

The West Has Found a Way to End Free Speech Ricky Hale and Council Estate Media. A comprehensive examination of the alarming Jacques Baud case.

DOJ Sent Letters to Medical Journals. Then What Happened? MedPage Today

Mr. Market is Schizoid

A reader shared this tweet:

Veteran trader and MMT expert Warren Mosler generously commented:

It’s limited to a few metals? Not in currencies, rates, equities, lumber, grains, etc.
Economic data softening post-tariff and EV credit, etc. may front-run, but no dramatic collapse.
Even crypto volatility is down after the large sell-off?
Am I missing something?

When they raised margins on silver in 1980, with price hitting a high of maybe 60, it ended the rally.
Maybe they’re thinking similarly this time?
In any event, it’s a way to cool speculation.

But from recent headlines, it seems a ‘producer’ was hedging output with futures sales, and had margin calls large enough to force a short covering liquidation, causing the spike to 80.

Even though a producer holds physical silver that has increased in market value, lenders still limit how much they’ll lend against it, which may force liquidation.

AI

Pax Silica and the Weaponization of AI Supply Chains: The New Front in US Global Economic Warfare The Cradle

Yanis Varoufakis: Deepfakes of Me Are Taking Over YouTube YouTube

The Bezzle

Crackdown on Crypto Tax Evasion Comes into Force Financial Times

Guillotine Watch

Chuck L: “Where Are the Oreshniks When You Need Them?”

Billionaires Added Record $2.2tn in Wealth in 2025 Guardian

Class Warfare

Over 6 Million Americans on Medicare Will Now Need to Get Prior Authorization from AI for These 17 Procedures MarketWatch (resilc)

The Deaths of Despair Crisis Was Underway Before Opioids Arrived SciTech Daily (Chuck L)

Investors Are Buying Nearly Half the Empty Lots in LA Burn Zones, Report Says LAist (Paul R)

Antidote du jour (via):

A New Year’s Bonus:

A Second Bonus:

And a Third:

For yesterday’s Links and Antidote of the Day, you can find them here.

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