Reading
Let me start with a confession: I no longer read all the way through newspaper stories about the war in Ukraine. After years of writing about war and torture, I’ve reached my limit. These days, I just can’t pore through the details of the ongoing nightmare there. It’s shameful, but I don’t want to know the names of the dead or examine images caught by brave photographers of half-exploded buildings, exposing details — a shoe, a chair, a doll, some half-destroyed possessions — of lives lost, while I remain safe and warm in San Francisco. Increasingly, I find that I just can’t bear it. And so I scan the headlines and the opening paragraphs, picking up just enough to grasp... Read more

LFG!!!! … hopefully the US defaults this time…
Biden people throwing down:
WHITE HOUSE SAYS CONGRESS WILL HAVE TO RAISE U.S. DEBT LIMIT, WITHOUT CONDITIONS
— *Walter Bloomberg (@DeItaone) January 8, 2023
Trump saying to use the ceiling to exact concessions from Democrats:
Week-end Wrap – Political Economy – January 8, 2023
by Tony Wikrent
Strategic Political Economy
Why Petulant Oligarchs Rule Our World
Paul Krugman [New York Times, via The Big Picture 1-3-2023]
…the lesson I took from my moment of pettiness was that privilege corrupts, that it very easily breeds a sense of entitlement. And surely, to paraphrase Lord Acton, enormous privilege corrupts enormously, in part because the very privileged are normally surrounded by people who would never dare tell them that they’re behaving badly.

Click here to go see the bonus panel!
Hovertext:
When I was a kid, there was one superhero movie every 5 years and it was bad and we all felt ashamed and THAT'S THE WAY WE LIKED IT.
Today's News:
Wall Street’s takeover of the American rental market really took off during Obama’s foreclosure regime as the firms snapped up properties (including from many small landlords) at bargain prices. The pace has continued to accelerat…
There’s constant media talk of a housing shortage to explain the US homelessness crisis, but according to the lawsuit against RealPage, one of its tactics is also keeping units off the market in order to drive up prices.…
By tightening its grip on the American rental market, Wall Street has helped cement the idea of a home as a commodity, spurred the assetization of housing, and embedded these assets in the international financial system. And an growing number of smaller landlords have learned to function like the big dogs on Wall Street.…
Speculative landlords are incentivized to evict tenants by the promise of higher rents, higher sale prices for vacated buildings, or the possibility of just leaving them vacant as the lawsuits against RealPage shows....