Tuesday: Trauma

A little neo soul this morning, something to ease the day. If you like this bit by 20-year-old Doja Cat, check out more of her work at her YouTube channel.

FOUR DAYS
That’s all that’s left of in-session days in U.S. House this month, and nothing done yesterday to help Flint. Yet another report on Flint water crisis, this one featuring VA-Tech’s Dr. Marc Edwards on the lack of trust in water quality, governance and water science since the city’s transition back to Detroit’s water supply. But the necessity of filters means tap water is suspect; Flint residents never needed filters before the switch to Flint river water, and now much regularly take additional steps to check their filters and water quality. Just replace the damned lead pipes so they can take the filters off and they’ll trust the water system. They need assistance with speeding up pipe replacement, stat.

Oh, and deal with the collapse of property values in Flint. Who wants to buy a house there, let alone offer financing as long as the water system remains under suspicion?

Oh no, Pokémon GO
My kid has been playing this augmented reality game with his friends, driving around after dark to different ‘gyms’. We’ve had a few discussions about the application’s privacy problems as well as the game’s requirements for collecting points. This is NOT a game for kids to play by themselves without parent or guardian engagement if they aren’t old enough to drive. My son told me about running into creepy guys parked for hours late into the evening at key locations where Pokémon are found. Recipe for trouble, that.

• Check privacy settings (and read the fine print in the privacy policy) if you’re playing Pokemon (BuzzFeed) — Pretty sure everybody’s heard about the app’s overbroad setting request. While you’re at it, you should check the privacy settings on all your apps as well as your mobile device’s operating system. Suggestion: Don’t use your main Gmail account to log into Pokemon GO — use a secondary account.
• @arirubinstein of Slack’s product security notes a problem with tokens (GitHub) — Looks like developers at Niantic have been notified and will fix this shortly. I’d still use with care.
• Goofy Pokemon stories abound already (Thrillist) — A dead body and a delivery room. What’s next?

Brexit means broken

• PM David Cameron led his last cabinet meeting today (ITV) — You can actually get a ringtone for your phone based on the ditty Cameron was humming yesterday after he announced the new PM would take office on Wednesday. Must be happy with Theresa May taking over the dirty work.
• Cameron made a final plug for the Trident missile site (Guardian-UK) — May’s got her work cut out selling this to the Scots if she shares Cameron’s position. The Scots may agree to keeping Trident only if the UK’s Parliament votes against proceeding with Brexit or if a second referendum is held.
• Letter from 1000 lawyers said referendum vote was only advisory (The Independent) — But their legal analysis is hardly an assessment of political viability. Interesting to note the lawyers insist primary legislation must be enacted first before Article 50 can be filed with the EU.
• House of Commons to debate second Brexit referendum (Evening Standard) — The House took up the matter after a petition asking for a second vote was signed by four million voters following June 23 referendum. Buyer’s remorse, that.
• Meanwhile, UK researchers cut from EU projects due to uncertainty of funding (Guardian-UK) — Can’t blame the EU for this since continuity and consistency are critical in research, but holy crap, what this will do to UK’s population of researchers. Massive brain drain must be under way.
• UK pressure influenced US on enforcement against HSBC (Sky News) — Interesting how this story looks from the other side of the pond. Wonder if the lead-up to Brexit also assured this outcome?

TL;BRTLA (too long, but read this later anyhow)
Especially today — now that Bernie Sanders has endorsed Hillary Clinton — read how women were included in the Civil Rights Act as a joke. Hah. Funny. But very sad that 51% of the population is still not accorded their creator-endowed equal rights in spite of shrewd, dogged work by Michigan’s Rep. Martha Griffiths, and folks like Ida Phillips and attorney Reese Marshall.

Didn’t have enough time to cover China. Guess you now what I’ll tackle tomorrow, see you then.

Monday Morning: The Urge to Merge

In my eyes, indisposed
In disguises no one knows
Hides the face, lies the snake
The sun in my disgrace

— excerpt, Black Hole Sun by Soundgarden

Looks like this week is all about mergers. Enjoy this simulation on replay several times while listening to Soundgarden’s Black Hole Sun while we dig in.

Roll Call

• Yahoo’s vulnerability brings all the nasty suitors to the yard (MarketWatch) — If Daily Mail wins, Yahoo will be one massive tabloid, and Tumblr will become a cesspool. Bidding’s open until next Monday; what other potential buyers may emerge this week?
• Big names in hotels to join after shareholders approve Marriott offer for Starwood Hotels (UPI) — The vote came last Friday after Chinese insurance holding group Anbang withdrew from bidding.
• Merger of beer producers SABMiller and A-B InBev still in holding pattern (Milwaukee Business Journal) — The deal is languishing for approval by South Africa’s Competition Commission. Part of SABMiller was once South African Brewing.
• UK balks at Hutchins and Telefonica tie up (Reuters) — Cousins across the pond better watch out; this proposed merger, even if shot down by regulators, portends another telecom marriage ahead. With UK’s Competition and Markets Authority recommending a spin-off of either Three Mobile or O2 mobile network business in order to approve the deal, a divestment of one of these may happen anyhow.

The Yahoo and Hutchins-Telefonica deals bear scrutiny for their potential for mass surveillance depending on how the proposals play out. Yahoo could end up operating under UK laws, and some part(s) of either Hutchins or Telefonica could end up with a non-UK or non-EU partner.

All of these proposed mergers were in the works before the Panama Papers were released; none them appear to be motivated solely by tax reduction, but instead by economies of scale and weak market conditions. It’d be nice if executives of all companies raking in profits realized that failing to pay their hourly workers well has a direct impact on overall market demand. Their businesses could retain autonomy instead of spending time and money on M&A they could spend on employees’ wages.

Speaking of Panama Papers: revelations still shaping policy and politics

• U.S. Treasury still working on tax rules to reduce tax avoidance and evasion by offshoring (Bloomberg) — Many large holding company structures use intra-group loans to move money out of the U.S. The new rules which may limit these moves may affect not only U.S. corporations but foreign corporations with subsidiaries in the U.S.
• UK’s PM David Cameron facing heat about tax avoidance strategies used by his family (Scotsman) — Strategies included a tax-free gift of 200,000 pounds to Cameron from his mother. He is supposed to appear before Parliament for questioning.
• Mossack Fonseca still getting hacked due to poor security response (The Register) — At what point do we ask if MossFon is really just a honeypot, given continued insufficient security?

Just for fun: Rockets!
If you didn’t watch SpaceX’s Falcon 9 launch on Friday, you really ought to make some time to do so for entertainment purposes. The first stage of the rocket returned successfully for reused, nailing a landing on a drone ship — a DRONE SHIP AT SEA. I missed the fact the landing pad was a drone vessel when I watched the first attempts. It’s a really narrow thing, landing on a speck of a pad in the ocean which is pushed around a bit by ocean currents in spite of the drone ship’s programming and/or remote control. (I would love to know who named the drone ship, ‘Of Course I Still Love You’ and why…)

What’s similarly remarkable is the SpaceX team — their excitement is off the map, rather like watching a K-12 FIRST LEGO robotics competition than an aeronautics business at work. Note in the video the team’s reaction just seconds (about 27:30) to the first stage return landing; it’s as if they KNEW they had it nailed before it happened. Wouldn’t you love to know just how they knew?

Also for grins: compare SpaceX’s landing on Friday (start at 23:48 into video) to competitor Blue Origin’s recent rocket return. Blue Origin is owned by Amazon’s Jeff Bezos; the return is so smooth and slick, but it’s in the west Texas desert where potential disruption of the landing has been minimized. Important to keep in mind that SpaceX actually delivered a payload after reaching orbit, where Blue Origin is still limited to sub-orbit elevation.

With that our week’s been launched — let’s go!