Thursday, January 19, 2017


News Links, January 20, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Finance and Growth: The Direction of Causality

## War on cash/cashless society ##
Use of cards slowing as cash makes a comeback (India)

## Airline death spiral ##
Chinese woman held for refusing to turn off mobile phone on plane
While passengers shouldn't be allowed to have such items in their carry-on luggage, this looks like a laughable attempt to reinforce the absurd belief that people can hijack aircraft with box cutters. Sure, a few people might get cut, but when passengers come swinging heavy luggage at the would-be hijacker, how useful will the box cutter be? -- RF
A United passenger said he found a bomb threat in the bathroom. Feds say he wrote it.

## Fault lines/flashpoints/powder kegs/military/war drums ##

Greece's disappearing refugees
The refugee camps on the Greek Aegean Islands are overflowing. As a result, a growing number of refugees are leaving the islands secretly and heading for Europe. And this could endanger the EU's deal with Turkey.

## Global unrest/mob rule/angry people/torches and pitchforks ##
U.S. protest group vows to disrupt Trump inaugural festivities

## Energy/resources ##
Rystad Energy: Global Oil, Gas Discoveries Drop To 70-Year Low
Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.
It's part of the self-reinforcing downward spiral of our energy system. -- RF
UK Is Europe's Last Hope For A Fracking Success
Following poor success across Europe, including Poland, Ukraine, France, the Netherlands, and Denmark, the UK now remains the last candidate province for European shale gas and oil in the near term. And a fracking moratorium in Scotland has further reduced that to England & Wales.

Climate change to depress crop yields in the United States, new study claims
Scientists found for each additional day with temperatures above 86 degrees Fahrenheit, maize and soybean yields are reduced by 5 percent.
Under our current economic model, species perceived to have no direct economic benefit to humans are regarded as useless. -- RF

## Intelligence/security/internet/cyberwar ##
Wikileaks' founder Assange says stands by US extradition offer
The Ugly Specter of Torture and Lies
President Obama refused to hold "war on terror" torturers to account but punished truth-tellers severely, a bleak legacy not erased by Chelsea Manning's belated commutation.
The article is scant on details, but I imagine that mainstream corporate sources will be blessed, while alternative news sources will be labeled fake and shut out. -- RF
How the NYT Plays with History
By failing to tell the hard truth about Establishment wrongdoing, The New York Times — along with other mainstream U.S. media outlets — has destabilized American democracy.
'Year 2019 problem' looming over Japanese shipbuilders
The Japanese shipbuilding industry is again facing the prospect of building almost no ships at domestic shipyards, as orders for exports in 2016 plunged more than 80% from the previous year to a 24-year low.
Recall this item from January 18. -- RF
In no matter what country of the world, bubbles are now the only game in town. -- RF
Provided you have fat bundles of cash, you get to enjoy rights and privileges offered by no other jurisdiction on Planet Earth. The City of London's legal system takes US-style corporate personhood to a whole other level.
North Sea explorers focus on African fields in quest for low-cost oil
A two-year downturn in oil prices pushed companies to begin exploring in lower cost oil fields, which became even cheaper to investigate as service companies slashed their own costs.
 Nurse shifts left unfilled at nearly every hospital in England, figures show
[Obama] invested at least $34 billion to promote fossil fuel projects in other countries. That is three times as much as George W Bush spent in his two terms, almost twice that of Ronald Reagan, George HW Bush and Bill Clinton put together.
Obama's Bombing Legacy
President Obama has joked he still doesn't know why he won the Nobel Peace Prize in 2009, but his record of waging war was no joke to thousands at the receiving end of U.S. bombs.

## POTUS-elect ##

And finally...

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