Links 10/23/2025 | naked capitalism - TheAdviserMagazine.com

Hidden Near-Earth Asteroid Discovered Lurking in The Sun’s Glare ScienceAlert (Chuck L)

Bad Gums Tied to Big Brain Risks MedPage Today

How mRNA Vaccines Can Help Fight Cancer Eric Topol (Robin K)

Climate/Environment

🔥 🥵 HEAT RECORDS SMASHED across parts of Australia – temperatures soared an incredible 14–15°C above average, shattering October records in parts of Sydney.

Add to that extreme fire danger, fuelled by hot, powerful winds.

This is what climate change looks like. pic.twitter.com/WH6Vx989XT

— Volcaholic 🌋 (@volcaholic1) October 22, 2025

Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot Insurance Journal

Scottish megafarms fuel another rise in deadly ammonia emissions National Scot

Global Use of Coal Hit Record High in 2024 Guardian

Extreme weather is set to add HUNDREDS to your grocery bills: Prices for butter, beef, milk, coffee and chocolate soar by 15.6% – and experts say the worst is yet to come Daily Mail

China?

This will backfire spectacularly End results – the world will remove US software and parts from their Products BOM (Bill of Materials) https://t.co/IuAoaHJUcR

— David Lee (@DavidLe76335983) October 22, 2025

This is easily the most suicidal idea the Trump administration has cooked up in its trade war, and that’s a high bar.

In effect, this would make American technology radioactive: any company touching US software (Microsoft, AWS, etc.) becomes ineligible to do business with the… https://t.co/YyGcWhazVr

— Arnaud Bertrand (@RnaudBertrand) October 23, 2025

China’s Rare Earth Refining at 5N (99.999%) Purity Is the Moat the U.S. Can’t Cross

By any strategic measure, China’s grip on the rare earth supply chain is not just dominant—it’s nearly unassailable. With 83% of global rare earth refining capacity and 92% of the world’s magnet… pic.twitter.com/YPYNwlAzik

— Ignis Rex (@Ignis_Rex) October 22, 2025

China’s Rare Earth Magnets Exports Slump as Market Fears Crunch OilPrice

Nexperia crisis: how US-China tensions disrupt a global chip supply chain South China Morning Post

US-China now in a ‘very different kind of trade war’, experts warn Aljazeera

Koreas

North Korea test-fires multiple ballistic missiles as APEC summit nears Aljazeera

Africa

Egypt underscores Red Sea sovereignty amid Ethiopia-Eritrea tensions Arab Weekly

Somalia faces ‘food catastrophe’ after aid cuts Independent

Civilians in Sudan’s al-Fashir cower from drones as siege worsens hunger Jerusalem Post

South of the Border

Exclusive: Congress needs to hear more about Venezuela operation, GOP senator says Axios

Trump’s Corrupt Argentina Bailout Daniel Larison

Trump, Colombia leader trade threats as US strikes boats in Pacific Le Monde

How a ‘dark fleet’ of tankers helped a Mexican cartel build a fuel-smuggling empire Reuters (Robin K)

European Disunion

EU Declares War On Its Own Members Simplicius

“Europe’s latest intelligence fakes.” Floutist

French debt is not the only ticking time bomb OMFIF

The Louvre Heist Was a Colonial Wake-Up Call Hyperallergic (Micael T)

Old Blighty

Highest September borrowing since 2020 and debt interest payments surge ahead of budget Sky

Debt warning as homeowners juggle multiple credit cards WhatMortgage

Israel v. The Resistance

Israeli forces shut down the Islamic Charitable Society in Hebron, occupied West Bank, detaining staff and seizing equipment while providing no explanation or timeline for the closure of the charity supporting over 6,000 orphans.

🔴 LIVE updates: https://t.co/mSvn1Zelw0 pic.twitter.com/CrR1rx2ZIR

— Al Jazeera English (@AJEnglish) October 21, 2025

Gaza health crisis will last for ‘generations’, WHO chief warns BBC

What Netanyahu’s Quest for a ‘Greater Israel’ Looks Like in Southern Syria Zeteo

‘The Era of International Mediation is Over’ — Israel & US attempt to Impose a New ‘Reality’ on Gaza, Syria & Lebanon Conflicts Forum

New Not-So-Cold War

Ukraine-Russia war latest: Trump says he did not want ‘wasted’ meeting with Putin after talks cancelled Independent

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine Guardian (Kevin W)

Oil jumps 3% after Trump administration sanctions big Russian oil companies CNBC (Kevin W)

Do click through:

The Russian Ratchet.

Big headlines get all the attention, but it’s often more important as an analyst to ask yourself what isn’t happening. Because the most significant event in Ukraine in 2025 was something that didn’t happen.

The AFU failed to launch a counteroffensive.⬇️… pic.twitter.com/o9wm61MroN

— Armchair Warlord (@ArmchairW) October 22, 2025

European leaders are unable to inflict a strategic defeat on Russia yet unwilling to face the political consequences of peace in Ukraine Ian Proud

🇬🇧🇺🇦 Former UK Prime Minister Boris Johnson stated that most of Ukraine is currently safe and suggested sending Western troops there. He wrote about this in an article for the Daily Mail newspaper.

“Under no circumstances will these troops be involved in combat operations. Their… pic.twitter.com/Uxu4RVfDL1

— Zlatti71 (@Zlatti_71) October 11, 2025

Brussels hasn’t yet confiscated Russian assets, but Zelensky is already setting conditions TopWar (Robin K)

Gripen is built to fight the Russians Expressen via machine translation (Micael T)

US offers nuclear energy companies access to weapons-grade plutonium Financial Times

Oligarchs West vs East Julian Macfarlane

Imperial Collapse Watch

Forever Again Aurelien

Trump 2.0

Beef producers hit back after Trump rips high prices The Hill

American Farmers Slam Trump’s “Betrayal” With Argentina Beef Deal New Republic (resilc)

* * *

All the signs Donald Trump has no intention of ever leaving the White House Mirror (resilc)

“No Kings” Is About More Than Trump Ken Klippenstein. resilc: “Not enough weapons to fight it though”

* * *

U.S. Buys a Token Barrel to Refill the Strategic Reserve OilPrice (Kevin W)

Report: Trump administration mulling transfer of special ed from Education Department Iowa Capital Dispatch (Robin K)

‘Awkward Moment’: Dr. Oz Interrupts Trump at Oval Office MedPage Today

Immigration

What we know about the federal immigration raid in Chinatown Gothamist

Military-Style Immigration Sweep Hits NYC as Masked Federal Agents Arrest Canal Street Vendors The City

Shutdown

States across the US warn millions will lose food stamp benefits in a week due to government shutdown Independent

Supremes

Bonus 184: The Costs of a Quiescent Congress Steve Vladeck

Democrats en déshabillé

Karine Jean-Pierre Writes History’s Most Incoherent Memoir Matt Taibbi

Mamdani

5 takeaways from the final New York City mayor’s debate The Hill

Our No Longer Free Press

Judge Orders Tech CEOs to Testify in Case Using Algorithmic Design Rules as a New Avenue for Indirect Online Censorship Pressure Reclaim the Net

Judge rules in favor of teacher facing dismissal for Kirk-related posts Iowa Capital Dispatch (Robin K)

Mr. Market is Moody

Bubble-talk is breaking out everywhere Financial Times

Stock market concentration has reached 1800s levels:

Information Technology & Communications stocks now reflect a record 45% of total US market cap.

This percentage has DOUBLED over the last 10 years.

Tech is now larger than Energy & Materials, which together accounted for… pic.twitter.com/0brcaq7y7p

— The Kobeissi Letter (@KobeissiLetter) October 21, 2025

ECB’s Lane flags dollar risk for banks amid tariff turmoil Reuters

Economy

Bad debt ‘cockroaches’ signal new threats to the global economy South China Morning Post

Apple slashes iPhone Air production plans, boosts other 17 models: sources Nikkei

Five signs that Generative AI is losing traction Gary Marcus

The Special Forces of Demand: How Nvidia Manufactures Demand Through Neoclouds

Let me present to you the Special Forces for Demand of Nvidia – the Neoclouds.

Jensen, a veteran of the dot-com era, knew exactly what he had to take care of and control in order to maintain Nvidia’s… pic.twitter.com/AuKYeLiimF

— Kakashii (@kakashiii111) October 21, 2025

Reddit Sues Perplexity For Scraping Data To Train AI System Reuters

AI Assistants Misrepresent News Content 45% of the Time BBC

Data centers turn to old jet engines to power AI’s soaring energy demands Interesting Engineering

The Bezzle

Welcome to the casino economy Unherd

Pop-Up Database Siphoned Crypto From Conservatives to Doxx Charlie Kirk Critics, Then Went Dark DropSite

Amazon brain drain finally sent AWS down the spout The Register

I can’t freaking believe it’s come to this, but here’s a visual representation of this ridiculous structure

– bottom: actual portfolio companies, purchased by PE Funds I and II (with respective LPs)

– a secondaries fund comes along, buys LP interest in Funds I and II from some… https://t.co/PCAvGi2733 pic.twitter.com/oExH3Yxrwo

— Leyla (@LeylaKuni) October 22, 2025

Class Warfare

The cost of health insurance for a family jumps to $27,000 STAT

AARP, P4AD blast bill extending drugmakers’ exemption from Medicare negotiation The Hill

Americans can’t afford their cars any more and Wall Street is worried Telegraph

Antidote du jour (via):

A bonus:

They don’t steal, they survive.

Every morning, the butcher leaves a box of bones outside his shop. Not for profit, not for attention, but for the ones with no home, no bowl, no guarantee of a next meal.

One by one, they come. Each takes just a piece, carefully, almost politely,… pic.twitter.com/9tBQUoYLCA

— Pawzazzle (@Pawzazzle) October 22, 2025

A second bonus: