Thursday, April 27, 2017


News Links, April 28, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Can US-style Housing Crisis, "Jingle Mail" Hit Canada's Banks?
Canada's Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History
A Rising (Central Bank) Tide Turns Everyone into a Genius
Until the system implodes--you're a genius.
Have We Just Reached Peak Stock Market Absurdity?
Have you ever wondered how tech companies that have been losing hundreds of millions of dollars year after year can somehow be worth billions of dollars according to the stock market?
Growth is dead. -- RF

## Cut, baby, cut! ##
ESPN laying off 100 broadcasters, writers as viewers dwindle

## War on cash/cashless society ##
Global cashless society getting closer, survey finds

## Airline death spiral ##
Wayward Drones Cause Chaos, Ground Dozens of Flights at Sichuan Airport
More than a hundred commercial flights were postponed or forced to change routes last week due to rogue drones straying into airspace around China's fourth-largest airport, raising concerns about regulation of the fast-growing sector.
Nevertheless, I predict that air travel will continue becoming more stressful and violent. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
US military begins installation of missile defenses in South Korea
Do Americans Have No Shame?
Putting aside the lack of any proof of Russian interference in U.S. elections, Americans have some nerve complaining about outside meddling when they have violated the sovereign rights of much of the planet.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Police, indigenous in Brazil clash with tear gas and spears
New Oil Discoveries Slump To 2.4 Billion Barrels In 2016
New crude oil discoveries last year amounted to just 2.4 billion barrels, the International Energy Agency said, adding that the average annual rate of new discoveries since 2002 has been 9 billion barrels. This news highlights the consequences of the oil price crash from 2014 and the continuing corporate austerity measures that involve above all cost-cutting.

## Environment/health ##
You Thought It Was An Urgent Care Center, Until You Got The Bill
Chernobyl Pictures And Facts About Nuclear Disaster At Power Plant 31 Years Later
Bill Nye: Should Parents Be Penalized For Having 'Extra Kids?'
But the view still seems to be anthropocentric. It helps to see the issue from the perspective of non-human forms of life, especially animals which range over large tracts of land. If a human is threatened or attacked by a bear, for example, it's always the animal's fault; humans are never held to account for grabbing more and more land, and leaving less and less for other species. -- RF

## Intelligence/security/internet/cyberwar ##
But keep reading. This doesn't mean Uber is off the hook. -- RF
Intel Vets Voice Doubts on Syrian Crisis
Two dozen former U.S. intelligence professionals are urging the American people to demand clear evidence that the Syrian government was behind the April 4 chemical incident before President Trump dives deeper into another war.
And come out when? Decades later? We've gotten more than half a century of cockamamie advice like this, but no substantive efforts for nuclear disarmament. -- RF

## Systemic breakdown/collapse/unsustainability ##
Are We Really that Divided?
If we don't challenge these poisonous polarizing binaries, they may well trigger the accidental suicide of our polity.
Japan ranks last among G-7 for press freedom, 72nd in world
The report said there is "growing self-censorship within the leading media groups" and that Japanese government officials "do not hide their hostility toward the media."
$290 billion for something that is patently unsustainable. -- RF
Think the RCEP is about free trade? Think again
Beijing-led pact is aimed at saving China's own economy via the Belt and Road
Children's hospital units forced to close to new patients due to staff shortages
Lack of paediatric doctors and nurses across the UK also means care children receive is at risk, says the Royal College of Paediatrics and Child Health
It's fashionable to drag Trump through the mud, but remember that Bush 43 likewise had a way with words. And Ronald Reagan, "The Great Communicator," communicated little more than a substance-free avuncular image, not to mention seeding doubts about the soundness of his mental faculties. The election of such people to the highest office of the land tells us more about the American people than it does about the presidents themselves. -- RF
It won't have more than a temporary effect. The plan — like other economic stimulus packages — is based on the mistaken idea that the economy runs on money, while in actuality it runs on energy. Net energy decline dictates that economic activity slows. -- RF

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