Thursday, March 30, 2017


News Links, March 31, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Shock, Horror: ECB Not as "Independent" as it Claims – Report
The European Central Bank has found itself in the rare position of having to defend itself in the public arena following the release of a scathing report on its perceived lack of political independence.
Here's Why Italy's Banking Crisis Has Gone Off the Radar
Just how many banks are insolvent? Turns out, a lot! But elections are coming up.

## War on cash/cashless society ##
Indian PM urges citizens to join in the war on cash

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump-Obama Continuity for Nukes
The Trump administration is continuing a boycott, started by its predecessors in the Obama administration, against U.N. talks aimed at banning nuclear weapons.
Aiding Saudi Arabia's Slaughter in Yemen
President Trump is following the same path as his predecessor, bowing to the Saudi royal family and helping in their brutal war against Yemen.
In Major US Shift, Tillerson Says Assad's Future Up to Syrian People
Secretary of State Rex Tillerson's visit to Turkey has uncovered a dramatic shift in US policy toward Syria, as Tillerson declared in his visit with Turkey's Foreign Minister that the future of Syrian President Bashar al-Assad should be left up to the Syrian people.

## Energy/resources ##
Westinghouse bankruptcy move casts shadow over world nuclear industry
Plight of US firm, which has technology in about half world's reactors, deals blow to building of new plants
How an American Tech Icon Bet on Nuclear Power -- and Lost
Oil Traders Warn There's a Supply Crunch Looming
The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the U.S., some of the top crude and products traders said.
Abu Dhabi's Taqa Books Biggest Loss Ever On Oil Assets Write-Down
Low oil prices have been not only weighing heavily on the financials of western oil majors, but also led to Abu Dhabi National Energy Company -- also known as Taqa -- writing down billions of dollars worth of oil and gas assets that resulted in a huge loss for 2016, the biggest loss the company has ever recorded.

## Environment/health ##
Coastal areas house nearly 85 percent of the population of the UAE as well as many prestigious properties including hotels and resorts.
Pity the poor frogs. -- RF
Meet Pharmacy Benefit Managers – 'The Most Profitable Corporations You've Never Heard Of'
Dirty air from global trade kills at home and abroad
A study that measures the human toll of air pollution from global manufacturing and trade shows how buying goods made far away can lead to premature deaths both there and close to home.
Any solution will be short-lived if new antibiotics are likewise over-used. -- RF

## Intelligence/security/internet/cyberwar ##
Rather than looking back retrospectively at footage, cops with cameras and this technology can scan people as they pass and assess who they are, where they've been, and whether they are wanted for anything from murder to a traffic ticket, with the aid of algorithms. This, say legal experts, puts everyone—even law-abiding citizens—under perpetual surveillance and suspicion.
If you have the stomach for it, read the email exchange. As far as I can see, the question asked repeatedly by the journalist is never satisfactorily answered. -- RF
The Sleazy Origins of Russia-gate
An irony of the escalating hysteria about the Trump camp's contacts with Russians is that one presidential campaign in 2016 did exploit political dirt that supposedly came from the Kremlin and other Russian sources. Friends of that political campaign paid for this anonymous hearsay material, shared it with American journalists and urged them to publish it to gain an electoral advantage. But this campaign was not Donald Trump's; it was Hillary Clinton's.

## Propaganda/censorship/fake news/alternative facts ##
Why Has Trust in Media Collapsed? Look at Actions of WSJ, Yahoo, Business Insider and Slate.

## Systemic breakdown/collapse/unsustainability ##
When the "Solutions" Become the Problems
A decade ago the suburbs were the safest place in America when it came to the number of drug overdoses. Now they're the most dangerous. That's one finding in a shocking report released Wednesday.
Nothing shocking about this. Kunstler predicted long ago that the suburbs would become the new slums. -- RF

Britain to demand tech firms do more to tackle extremism
Britain will tell Google, Facebook, Twitter, and Microsoft on Thursday to do more to stop extremists posting content on their platforms and using encrypted messaging services to plan attacks.
Renters now dominate over half of largest US cities. Between 2007 and 2016 approximately 7.8 million homes lost to foreclosure.
It doesn't matter. One trillion dollars over 10 years is far short of what would be needed. -- RF
"Trickle Down" Has Failed; Wealth and Income Have "Trickled Up" to the Top .5%
The joke's on you. -- RF
Trump Succumbs to Bush/Obama Perpetual War
President Trump is becoming the third post-9/11 president to prosecute bloody conflicts in the Mideast and impose mass surveillance at home, with no end in sight.

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