Tuesday, April 18, 2017


News Links, April 19, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Australia will scrap a temporary visa for skilled overseas workers, the prime minister said Tuesday, arguing that Australians must be given priority over foreigners for local jobs.
The retail sector is shedding jobs like it's a recession (US)
Retailers are shutting down thousands of stores and cutting even more jobs in an effort to meet consumer demand

## Airline death spiral ##
United Airlines boots bride and groom traveling to their wedding from half-empty plane
A decade from now, it's likely that only the rich will be flying. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump Further Entrenches US Military Involvement in Somalia
Sage advice. -- RF
Through the 'War on Terror' Looking Glass
The U.S. government's 15-year-long "global war on terror" has spread death and chaos across entire regions – while also imposing propaganda narratives on Americans – with no end in sight.

## Migrants/refugees ##
Calm seas, greedy smugglers: Italy saves over 6,000 migrants
French elections: Marine Le Pen vows to suspend immigration to 'protect France'

## Energy/resources ##
Junk oil: Undaunted by oil bust, financiers pour billions into U.S. shale
Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence.
I fail to see how creating large volumes of deadly, long-lived nuclear waste is "clean." -- RF
Economic theory has failed to incorporate the role of energy in production for two centuries since the Physiocrats. In this video I derive a production function that includes energy in an essential manner. It implies that economic growth has been driven by the increase in the energy throughput capabilities of machinery.
Oil Servicers Still Struggle as Canadian Producers Ramp Up

## Propaganda/censorship/fake news/alternative facts ##
U.S. Propaganda is Embarrassingly Bad (and Why it Matters)
NYT Mocks Skepticism on Syria-Sarin Claims
The New York Times and other major media have ruled out any further skepticism toward the U.S. government's claim that Syrian President Assad dropped a sarin bomb on a town in Idlib province.

## Systemic breakdown/collapse/unsustainability ##
A Government of Morons (Paul Craig Roberts)

## Japan ##
Hackers Tricking Japan's Mobile Gamers With Offers of Fake Fantasy Cash
Cyber criminals are stepping up these kind of schemes to break into corporate networks in Japan, according to FireEye Inc., a security software provider. While exact figures aren't available, hundreds of businesses are compromised each month and the numbers are rising.

## China ##
Who's Behind China's Wild House Price Bubble? State-Owned Property Developers, Funded by State-Owned Banks.
Food and fuel inflation 'hitting UK supply chain'

## US ##
So Who Are the Debt Slaves in this Rich Nation?
The American economy has split in two: how averages of wealth & debt paper over the profound risks.
The Left's Descent to Fascism
The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy.

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