Friday, May 08, 2015


News Links, May 9, 2015

## Global Ponzi meltdown/House of Cards ##
China April Exports Unexpectedly Contract, Import Slide Worsens, More Stimulus Seen
MasterCard doubles card numbers in Middle East, Africa
Pile up that debt! -- RF
More Turnaround Concerns for Steel Industry, Including US Steel
'Good' jobs report? 15 million unemployed people want to work (US)
Siemens to cut 4,500 more jobs, keep unprofitable units
Macau Casino Revenue Tumbles Again; Earnings, And Now Visitors, Follow Suit
Guess Who's Designing Europe's New Tax System?
Jobs And Unemployment: Will Robots And Algorithms Permanently Replace Humans In The Labor Force?
They likely would if there were always a reliable power supply. -- RF
Social Security May Be in Worse Shape Than We Thought: Study
With Banks 'Still Too Big to Fail,' Another Financial Meltdown Looms

## Airline Death Spiral ##
Airline baggage policy reaches new altitude of absurdity (Canada)
But now they've crammed so many seats into their flying sausages that there isn't enough room for everyone's "free" regulation-size carry-on bags.
Early airline claims put market on course for 2015 loss
Claims from Turkish Airlines and Asiana Airlines and the higher-profile loss of Germanwings flight 9525 may already have pushed the airline insurance market into a loss-making position for 2015.
Tigerair's losses in FY2015 should reverse as capacity is cut
Tigerair's pan-Asian vision is in abeyance. The Singapore-based LCC has reported more losses for the quarter and year ending 31-Mar-2015. The  group has now been in the red for four consecutive years, accumulating losses of over USD500 million.
Japan to force airlines to hand over personal data on all passengers
The government plans to require airlines to submit personal data on all passengers on departing and arriving flights as it ramps up counterterrorism preparations ahead of the 2020 Tokyo Olympics and other major international events, it has been learned.

## Energy/resources ##
I've repeatedly said that renewables will help keep the lights on a little bit longer, but will not save industrial civilization. -- RF

## Intelligence/security/internet/cyberwar ##
Huge security flaw found in Lenovo laptops and computers

## Systemic breakdown/collapse/unsustainability ##
The Whisper of the Shutoff Valve (The Archdruid Report)
These graphs are astonishing. The decline of Japan's economy is swift and merciless. -- RF
Sharp readying drastic capital reduction
Struggling electronics group Sharp plans to reduce its capital by 99% to 100 million yen ($835,000) as it wipes away years of accumulated losses.

People think minimum wage is for young workers but the average age of someone on minimum wage is 36. Half of Congress is made up of millionaires.
While megabanks make megabucks, local banks are financing businesses that create jobs and improve our well-being. So why are they disappearing so rapidly?

## The Clintons ##

<< Home

This page is powered by Blogger. Isn't yours?