/Links 12/2/2020

Links 12/2/2020

Liquidity Risk at Large U.S. Banks NBER. “For 2019 Q4, the revised tests suggest it is unlikely that any of the six banks would survive a liquidity crisis for 30 days. This negative finding is most clear-cut for Goldman Sachs and Morgan Stanley.” Oh.

Fed Chair Powell: Stimulus legislation deserves ‘lion’s share of the credit’ for economy rebound, more would help Yahoo Finance

The City of London’s Supremacy Goes Very Deep Bloomberg


Covid Pfizer vaccine approved for use next week in UK BBC

First U.S. COVID-19 shots could be given 24-to-48 hours after FDA nod, health official says Reuters

How COVID vaccines are being divvied up around the world Nature

Trump administration leaves states to grapple with how to distribute scarce vaccines Politico

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Airlines face ‘mission of the century’ in shipping vaccines Stars and Stripes

UPS amps up dry ice production to ready coronavirus vaccine distribution Supply Chain Dive

Dry Ice Will Help Keep COVID-19 Vaccines Cold JStor Daily. A brief history of dry ice.

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States With Few Coronavirus Restrictions Are Spreading the Virus Beyond Their Borders ProPublica (Re Silc). As for example

Rapid COVID-19 tests can be useful – but there are far too few to put a dent in the pandemic The Conversation

Flavonols as potential antiviral drugs targeting SARS-CoV-2 proteases (3CLpro and PLpro), spike protein, RNA-dependent RNA polymerase (RdRp) and angiotensin-converting enzyme II receptor (ACE2) European Journal of Pharmacology. From the Abstract: “One of the promising therapeutic approaches is the search for bioactive molecules with few side effects that display antiviral properties in natural sources like medicinal plants and vegetables. Several computational and experimental studies indicated that flavonoids especially flavonols and their derivatives constitute effective viral enzyme inhibitors and possess interesting antiviral activities. In this context, the present study reviews the efficacy of many dietary flavonols as potential antiviral drugs.”

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Opinion: To stop the next pandemic, we need to unravel the origins of COVID-19 PNAS

Like Typhus, but also Not London Review of Books

What the coronavirus vaccine shows about the potential for innovation Ryan Cooper, The Week

When specialty cheesemaking becomes a quarantine pastime Popular Science

A light shines in the gloom cast by Covid-19 FT


Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system South China Morning Post. Commentary:

Cash Squeeze at Small China Banks Is Warning Sign for Market Bloomberg

World’s largest free trade pact South China Morning Post

China’s moon mission makes a lunar touchdown, ready for Chang’e 5 to collect rocks and soil South China Morning Post

Vietnam postpones commercial flights to repatriate nationals amid fresh Covid outbreak VN Express

Malaysia reports 1,472 new COVID-19 cases, majority of infections linked to Top Glove cluster Channel News Asia


Over 250 million workers join national strike in India IndustriAll

What is Farm Bill and Why farmers fear losing MSP under new laws: Explained Times of India

“This Is a Revolution, Sir” Jacobin


On Russia’s flank, a small war heralds big changes Christian Science Monitor

In Nagorno-Karabakh Peace Deal, Putin Applied a Deft New Touch NYT


Light in the tunnel or oncoming train? Adam Tooze, Social Europe

Peru Needs a New Constitution Foreign Policy

The Arecibo Observatory radio telescope in Puerto Rico has collapsed Space


Barr taps Durham as special counsel, pushing probe into Biden era Politico. “Tapped,” on October 19:

“Additional evidence”:

Trump Transition

Bipartisan, bicameral group unveils $908 billion coronavirus proposal The Hill. Pelosi the master legislator:

Leverage James Kwak. “[T]he Democratic leadership in Congress seems inclined to give up the potential chance to write their own appropriations bill in January in exchange for a bill that they have to negotiate with McConnell and . . . Donald J. Trump.”

Lawmakers Unify To Give Corporate Donors A License To Kill You Daily Poster. What, again?

Poll: Trump’s job approval ticks up to 50 percent post-election The HIll. Hill-Harris.

Another Official Is Ousted From the Pentagon NYT

Argument analysis: Justices send mixed messages on corporate liability for allegedly aiding child slavery abroad SCOTUSblog

Donald Trump is once more walking away from failure at a profit New Statesman


Disputing Trump, Barr says no widespread election fraud AP

Rep. Mike Kelly asks Supreme Court to nullify Biden win over Trump in Pennsylvania as he challenges mail-in ballot rule CNBC

Biden Transition

Six Stupid Arguments Against Forgiving Student Loan Debt The American Prospect

economics truly is a disgrace Claudia Sahm, macromom blog. On Heather Boushey of Equitable Growth. Their response:

Deese to be Biden’s top White House economic adviser Politico

Realignment and Legitimacy

In the Time of Monsters Midwest Socialist

The Democratic Party Will Keep Betraying Labor. It’s Time to Launch a Workers’ Party vs. Don’t Abandon the Democratic Party—Take It Over The Nation

We Can’t Vote ‘Em Out Lee Camp, Consortium News

The Streetlight Effect: When People Look Within The System For Solutions To The System Caitlyn Johnstone

Health Care

Ambulance companies at ‘a breaking point’ after receiving little Covid aid NBC

Good question:

Black Injustice Tipping Point

Reckoning with slavery: What a revolt’s archives tell us about who owns the past The Conversation

Class Warfare

The real class war is within the rich FT

The Archetypical Cycle of Internal Order and Disorder Ray Dalio (DD).

Antidote du jour (via):

See yesterday’s Links and Antidote du Jour here

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