The passing scene – August 5, 2015

Here are links to interesting articles I’ve come across recently.  I may add links during the day.  The comment thread is open to general and off-topic comments.

Businesses Flee Catalonia, Foreign Investment Plunges as Confrontation With Spain Comes to a Boil by Don Quijones for Wolf Street.

The Mother of All Storms Builds Over Catalonia’s Independence by Don Quijones for Wolf Street.

A coalition of parties in Catalonia say they will declare independence from Spain if they win the provincial elections September 27.   Madrid will not recognize the results if the vote is “yes”, so the worst case possibility is a new Spanish civil war.

Want to Know How the Banks Got Greece to Surrender? Explaining Bank Power 101 by Ellen Brown for the World of Debt blog (via Alternet)

ECB’s economic hitmen on the unbalanced evolution of homo sapiens web site.

The Costs of Accountability by Jerry Z. Muller on The American Interest.

Governments justify turning over decision-making to central banks on the grounds that they are thereby substituting objective metrics, benchmarks and performance indicators for fallible human judgment.  But at best, these metrics are human judgement once-removed and, at worst, masks for covert human agendas.

Who is Jeremy Corbyn? An international reader’s guide to the British politician by James Walsh for The Guardian.

Jeremy Corbyn’s supporters aren’t mad – they’re fleeing a bankrupt New Labor by Owen Jones for The Guardian.

Jeremy Corbyn, the emerging new leader of the British Labor Party, seems a lot like Bernie Sanders.  He is an aging, formerly obscure member of Parliament who wants to return the party to its original principles.   His strong grass-roots support surprises and alarms the entrenched party leaders.

Thanks to Reliance on “Signature” Drone Strikes, US Military Doesn’t Know Who It Is Killing by Adam Hudson for Truthout.

President Obama continues President Bush’s strategy by substituting foreign fighters, special operations teams and flying killer robots for large numbers of American ground troops.  This is not a strategy for victory, which is not even defined.  It is a strategy for enabling war to continue.

Seventy years after the bombings of Hiroshima and Nagasaki, the world still flirts with nuclear annihilation by Ray Perkins for the Concord (NH) Monitor.

Treasury to SEC: You’re Flying Blind on the $4.1 Trillion Hedge Fund Risks by Pam Martens and Russ Martens for Wall Street on Parade.

6 Warning Signs That the Economy Is In Trouble by Tony Sagami for Mauldin Economics.

Unspent Money Burning Holes in Super-PAC Pockets by Tim Higgins for Bloomberg Politics.

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