Friday, May 06, 2016

 

News Links, May 7, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Surprise! Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts
It's the Debt, Stupid!
For those still wondering why the global economy is struggling, the simple answer is "It's the debt, stupid."
Atlas Crumbles Under Weight of Italian Banks
Shariah Gold Cometh – $2 Trillion In Assets "Could Send Price Soaring"
The World's Largest Shipping Company Is Already Preparing For The Next Oil Crash
Warnings mount on world's corporate debt, China crisis
Corporate debt has reached extreme levels across much of the world and now far exceeds the pre-Lehman financial bubble by a host of measures, the global banking watchdog has warned in a deeply-disturbing report.
Zimbabwe To Print Its Own US Dollars Amid Severe Cash Shortage

## Cut, baby, cut! ##
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April
50,000 Laid Off In Saudi Arabia As Oil Crisis Bites Deeper
Goldman Sachs Extends Job Cuts In Trading Division

## War on cash/cashless society ##
Bitcoin Services May Expand: New York Poised To License Coinbase, Ripple

## Airline death spiral ##
DHS Takes Steps To Shorten Security Lines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Chinese naval group heads to disputed South China Sea for combat drill
Taiwanese legislators demand tougher action on Japan over Okinotori
Legislators of Taiwan's Nationalist Party (KMT) are demanding that the executive branch take tougher action against Japan, including use of military force, after a Taiwanese fishing boat and its crew were detained by Japan's coast guard last month for fishing in Japanese waters.

## Migrants/refugees ##

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greece brought to standstill by 48-hour strike as Christine Lagarde demands immediate talks on debt relief
Greece's powerful labour unions today began a 48-hour strike in response to government plans to "unleash a new tax raid on the working classes".

## Energy/resources ##
When the food shortages come, people will see this for the joke that it is. -- RF

## Lifestyle solutions ##
The 16-cent breakfast that is perfect for every morning

## Intelligence/security/internet/cyberwar ##
China's Porn Crackdown: Domestic Cloud Services The Latest Victim
Chinese banks' bad loans are at least nine times bigger than official numbers indicate, an "epidemic" that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.

## UK ##
Britain brings forward electricity supply auction to avoid shortages
Britain is bringing forward a scheme to encourage power companies to supply electricity at peak times by a year in a bid to avert a looming supply crunch and prevent price spikes, the government said on Friday.
No Wonder We're Poorer: Wages' Share of GDP Has Fallen for 46 Years
The majority of American households feel poorer because they are poorer. Real (i.e. adjusted for inflation) median household income has declined for decades, and income gains are concentrated in the top 5%.
Forth-six years takes us back — not coincidentally — to 1970, when oil prices suddenly jumped. -- RF
Like Japan's maglev project, this will never be finished. -- RF

## The candidates ##




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