China's stock market rout continues; trading halted in over half stocks listed (Naked Capitalism).
China's commitment to renewables has seen CO2 emissions stalled ... experts are calling it a "landmark decoupling" of economic growth and CO2 growth (Science Alert).
The stimulative effect of redistribution (Barry Ritholtz).
5 wealthy families who lost their fortunes (Bank Rate).
HISTORY, FROM THE SMITHSONIAN
With August 8th just around the corner, this is the story of the worst shark attack in history (Smithsonian).
Before Rosie the Riveter, Farmerettes went to work (Smithsonian).
The dark side of Thomas Jefferson ... a new portrait of the founding father challenges the long-held perception of Thomas Jefferson as a benevolent slaveholder (Smithsonian).
'One of the largest human experiments in history' was conducted on unsuspecting residents of San Francisco during the 1950s (Yahoo Finance).
LAW & JUSTICE IN AMERICA
Jury Nullification: Why every American needs to learn this taboo verdict (Truth Out).
Judge Posner defends his 'benchslap' of Chief Justice Roberts for his dissent in the Obergefell v. Hodges (gay marriage) decision (Above The Law).
Ted Cruz urges states to ignore Supreme Court's ruling on Marriage (Forward Progressives).
THIS IS WHY PEOPLE GET JADED
Cronyism pays: Eric Holder triumphantly returns to law firm that lobbies for banks (Zero Hedge).
Texas effort to suppress veteran voting rights (Samuel-Warde).
IT'S ALL SMOKE & MIRRORS
Surprise! CEOs and other executives are richly compensated (rewarded) for buying back stock and issuing dividends with money derived from dirt cheap debt sales (offerings) ... so, yeah, more financial smoke & mirrors is driving "performance" (Zero Hedge).
Bonds for buybacks never bigger in U.S. as $58 billion sold (Bloomberg)
CEO pay boosted by stock buybacks (Barry Ritholtz).
Disorderly collapse - The endgame of the Fed's artificial suppression of defaults which allows firms to lever up (to borrow) and swap (trade up for higher yield products) so easily (Zero Hedge).
DARWIN AWARD NOMINEES
Guy yells "F**k that alligator" right before jumping into the water, and immediately gets eaten by alligator (Mandatory).
Man shoots off firework from the top of his head, dies instantly (23 ABC News).
MISCELLANEOUS
We need a new Democratic party: On TPP, workers' rights, and income inequality they are as bad as GOP (Salon).
The GOP's pathetic crybaby agenda: Trump, Scalia and the whiny, paranoid new face of the right (Salon).
'Wisdom of crowds' is surprisingly dumb ... Spoiler Alert: Markets by definition are crowds (Barry Rithotz).
Big crisis, big banks, big crimes ... (Barry Ritholtz).
- Mark
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