Tuesday, April 25, 2017


News Links, April 26, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Trump Tax Plan Said to Call for Corporate Rate Cut to 15%
"The tax plan will pay for itself with economic growth," Mnuchin said.
Mnuchin is deluded. The days of economic growth are over. And expectations that corporations will use their tax savings for job and wealth creation are overblown. -- RF
Exchanges compete for dominance in derivatives
As derivatives trading continues to expand across the world, competition is heating up among securities exchanges vying to carve out a hefty share of this lucrative market.
Housing's Echo Bubble Now Exceeds the 2006-07 Bubble Peak
If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble.

## Airline death spiral ##
When smart technology is anything but smart

## Fault lines/flashpoints/powder kegs/military/war drums ##
Carried away: The inside story of how the Carl Vinson's canceled port visit sparked a global crisis
China is also in the process of establishing its first overseas military base in the small port country just a few miles from the US camp, which has raised concern in Washington.
And one can easily imagine that the US base there raises concern in Beijing and elsewhere. -- RF
North Korea conducts live-fire drill with US submarine nearby, raising tensions
Exercise using 300 to 400 long-range artillery pieces was a clear reminder that North Korea could destroy large swaths of the South Korean capital
Germany sees new rise in far-right offenses, hate crimes
Violent crimes in Germany with far-right motives rose 14.3 percent last year after a bigger increase in 2015, and the country also saw another increase in hate crimes, authorities said Monday.
South Korea develops artillery-locating radar
The South Korean military has developed its own artillery-locating radar system to help counter North Korea's long-range artillery deployed along the Demilitarized Zone separating the two countries.
ASEAN easing stance on China's maritime encroachment
Philippines, host of summit this week, among those changing their tune
Keep watching as this crisis spreads to other countries. -- RF
Concentrated solar power in the USA: a performance review
A review of concentrated solar power (CSP) plants operating in the US reveals that they are costly, heavily-subsidized, generally performing below expectations and no more efficient than utility-scale PV plants.
From tending the plants to harvesting the grapes, it takes skill and a strong work ethic to produce the winery's pinot noir and chardonnay, and native-born Americans just aren't willing to work that hard.
Well, it's never that simple, is it? Attempts to commandeer nature to do our dirty work never seem to turn out as hoped, whether these take the form of planting trees to soak up carbon dioxide, or introducing invasive species for pest control, or using microorganisms to clean up oil spills.

## Intelligence/security/internet/cyberwar ##
German cyber crime rose 80 percent in 2016: report
Interpol-led operation finds nearly 9,000 infected servers in Southeast Asia
An anti-cybercrime operation by Interpol and investigators from seven southeast Asian nations revealed nearly 9,000 malware-laden servers and hundreds of compromised websites in the ASEAN region, Interpol said on Monday.
Like many in Washington, [Pompeo] does not understand that the First Amendment is a limitation on government rather than a granting of rights to citizens.

## Systemic breakdown/collapse/unsustainability ##
Does America Have a Technology Platform Monopoly Problem?
Juggling Live Hand Grenades (Richard Heinberg)
Here are a few useful recent contributions to the global sustainability conversation, with relevant comments interspersed. Toward the end of this essay I offer some general thoughts about converging challenges to the civilizational system.

## Japan ##
Loss expected for 5 Olympic facilities
The Yomiuri ShimbunThe Tokyo metropolitan government is estimating a total annual loss of ¥1.1 billion for five facilities to be newly constructed for the 2020 Tokyo Olympic Games.
Toshiba breaks up its core, affecting 19,000 workers
Who Will Live in the Suburbs if Millennials Favor Cities?
Who's going to pay bubble-valuation prices for the millions of suburban homes Baby Boomers will be off-loading in the coming decade as they retire/ downsize?
But remember, selling online isn't necessarily any more lucrative. -- RF
The Pro-War Twist of the 'Resistance'
The anti-Trump "#Resistance" has become a movement to defend the Democratic establishment's pro-war policies, to purge anti-war Democrats, and even to embrace Donald Trump's attack on Syria.
Donald Trump's Failing Presidency
Special Report: After his election, Donald Trump had a narrow path to a transformational presidency, but it required breaking the neocon grip on U.S. foreign policy and telling truth to U.S. citizens. Already, Trump has failed.

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