Sunday, July 31, 2022

Sunday Afternoon Links

This and that for your long weekend reading.

- David Macdonald writes that if there's a risk of a recession being caused by interest rate hikes, it's because people with wealth and power have chosen to engineer one on purpose. And Ken Klippenstein and Jon Schwarz report on an internal Bank of America memo stating that the hope is to undercut labour strength at a point when people are in a position to demand higher wages and better treatment.

- Zeke Hausfather discusses how we're on track for yet another summer of record-breaking heat as a result of a worsening climate breakdown, while Robin McKie writes about Bill McGuire's observations on both how much had gone awry already and how much worse matters will get if we don't reverse course immediately. And Julia Conley reports that catastrophic flooding in Kentucky represents another extreme weather event traceable to the climate crisis.

- Justin Mikulka writes about the hopeful signs that the gas industry won't lock us into methane-dependent "blue" hydrogen due to the lower cost of renewable alternatives - though we still need to be wary of fossil fuel sector lobbying to have governments put a thumb on the scale. And Paris Marx writes that a shift to electric vehicles alone won't be anywhere near enough to make a dent if it's not paired with policies to reduce car dependence.

- Meanwhile, Paul Dechene offers a reminder of the City of Regina's broken promises to address people's core needs eventually after funneling money toward shiny megaprojects - as it's now looking at a new round of sports and entertainment spending after doing nothing to work on the housing and revitalization which was supposed to be paired with the construction of a brand new Mosaic Stadium.

- Finally, Andrea Hsu discusses the millions of Americans suffering from long COVID, and the ripple effects of their being unable to work as before in an environment where employers don't bother offering required accommodations.

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