The passing scene: Links & comments 6/17/14

The coming ‘tsunami of debt’ and financial crisis in America by Dimitri Papadimitriou for The Guardian.

CEO Pay Continues to Rise as Typical Workers Are Paid Less by Lawrence Mishel and Alyssa Davis for the Economic Policy Institute.

The recovery of the U.S. economy is sustained by the fact that about 90 percent of the American public is borrowing money in order to be able to buy the things they need and want.  Meanwhile the average pay of CEOs continues to outpace not only the wages and salaries of blue-collar and white-collar workers, but other high-income earners.  These CEOs will be in a good position to walk away from the crash when it comes.

Big Marijuana – Lessons from Big Tobacco by Kimber P. Richter and Sharon Lee for the New England Journal of Medicine.

Proponents of legalized marijuana point out that it is less harmful and addictive than tobacco.  This is true, but tobacco itself was much less harmful and addictive before the rise of the cigarette manufacturing industry.   If marijuana is marketed commercially by big tobacco companies, there is nothing to stop them from doing to marijuana what they did to tobacco.

Schroedinger’s Kingdom: the Scottish Political Singularity Explained by Charles Stross.

Great Scot!  The Madness of Late-Stage Nationalism by Tom Gallagher for The American Interest.

On September 18, the people of Scotland will vote on whether they want to become an independent nation.  The two links above are to articles giving the background of the referendum and making cases for “yes” and “no” votes.

US Water Woes Add Power to AP Fracking Report by Tina Casey for CleanTechnica.

Fukushima’s Children Are Dying by Harvey Wasserman for EcoWatch.

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