Sunday, June 11, 2017

 

News Links, June 12, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Biggest Tech Stocks Come Unglued

## War on cash/cashless society ##
India goes digital to tackle 'black money'

## Fault lines/flashpoints/powder kegs/military/war drums ##
The US Hand in the Libyan/Syrian Tragedies
U.S. joins battle as Philippines takes losses in besieged city
U.S. special forces have joined the battle to crush Islamist militants holed up in a southern Philippines town, officials said on Saturday, as government forces struggled to make headway and 13 marines were killed in intense urban fighting.
Qatar Will Pay John Ashcroft $2.5 Million To Defend Against Terrorism Accusations
US alarm at possible Chinese base in Pakistan ignores context
Sino-Pakistani defense collaboration is nothing new. There have been exchanges since the 1970s and cooperation is key to infrastructure projects such as the CPEC
Trump Fans the Mideast Fires of Hate

## Migrants/refugees ##
Eight migrant bodies found off Libya, dozens feared missing - coastguard

## Global unrest/mob rule/angry people/torches and pitchforks ##
That's good news. But the idea that industrial civilization will run on renewables is incredibly simplistic thinking. Fundamental problems such as how we'll make steel are glossed over as if they don't exist or don't pose a significant challenge. Proponents of renewables need to see that they won't provide energy on the scale and density that fossil fuels do, and that they can't support economic growth. Which means that, even if the transition goes swimmingly well (highly doubtful), humanity is in for a long slide back to a much lower energy level. -- RF
Waste of money. -- RF

## Solutions ##
Can we create a durable future?

## Environment/health ##
The dying Salton Sea

## Systemic breakdown/collapse/unsustainability ##
Hyundai recalls nearly 600K vehicles for two problems
Ultra-Low Rates Fuel Booming Business for Guarding Cash in Japan
Ultra-low interest rates and a love of cash have seen the amount of banknotes and coins circulating in Japan surge over the past two decades, creating big opportunities for the security companies that transport money.
The question of who's going to pay continues to open fissures between the national government and municipalities. Keep watching as the money problem balloons and threatens to disrupt the festivities. Hosting the games, once considered an economic and soft-power win, has become a budget-busting nightmare. -- RF

Joe Biden's niece dodges jail after $100K credit card scam
The wild-child niece of former Veep Joe Biden stole more than $100,000 in a credit card scam — and quietly cut a plea deal in Manhattan court that spares her any jail time.

And finally...




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