Sunday, July 09, 2017

 

News Links, July 10, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Catalonia and Spain to Push Each Other into Financial Abyss?
A Supercomputer Is Betting on a Market Crash in the Months Ahead
One of the world's most powerful supercomputers, retrofitted for trading the stock market, appears to be betting on a crash in the months ahead.

## Cut, baby, cut! ##
Sears to close 47 more stores

## Airline death spiral ##
FBI: Flight attendant broke wine bottle over man's head
A flight attendant broke a wine bottle over the head of a man who lunged for an exit door and fought with other passengers during a Delta Air Lines flight from Seattle to Beijing, but it didn't faze him, an FBI agent wrote in charging papers filed Friday.

## Fault lines/flashpoints/powder kegs/military/war drums ##
US bombers fly over East and South China Seas in challenge to China
UN adopts treaty for outlawing nuclear weapons
More than 120 nations rejoice, but nuclear-armed countries reject pact

## Global unrest/mob rule/angry people/torches and pitchforks ##
Rioting steals attention from politics on first day of G20 summit
Is Arctic Drilling Still Profitable For Norway?
Arctic drilling may become unprofitable for Norway if oil prices continue to fall, says a new report looking into the best and worst scenarios for this new frontier in the context of the new normal for international prices.
Power restored after widespread Los Angeles outage
Electricity was restored Sunday to tens of thousands of customers who lost service when a power station in suburban Los Angeles caught fire amid a blistering heat wave.


Musk completely misunderstands the situation. A substantial reduction in the human population is good for the planet. And what's good for the planet is also good for humanity. -- RF

No smoking gun here, either. -- RF

## Propaganda/censorship/fake news/alternative facts ##
An Army of Smear Artists Is Working Overtime to Undermine Sy Hersh's Syria Bombshell
MSM, Still Living in Propaganda-ville
As much as the U.S. mainstream media wants people to believe that it is the Guardian of Truth, it is actually lost in a wilderness of propaganda and falsehoods, a dangerous land of delusion that is putting the future of humankind at risk as tension escalate with nuclear-armed Russia.

## Systemic breakdown/collapse/unsustainability ##
Five Signs Point to Skill Shortages in the United States
The skills shortage has been a discussed frequently for some time now, but it seems that the experts still don't understand that it's an energy-related problem. In many sectors such as healthcare, which is the focus of this article, society needs to expend a great deal of energy for worker education and training, but as net energy declines — i.e., as the proportion of total energy produced that society is actually able to use declines — progressively less energy is available for education and training. As such, the skills shortage will steadily worsen. -- RF
Not to mention that the link between GDP growth and energy consumption is well-established. -- RF

## China ##
China's rich grabbing bigger slice of pie than ever
Income inequality worsened for the first time in five years, with the top 1 per cent owning a third of the country's total wealth
Jailed Nobel Laureate Liu Xiaobo "Close to Death"

## US ##
Consumers and Businesses Buckle under their Debts
Bankruptcies surge as the "credit cycle" exacts its pound of flesh.




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