Thursday, July 20, 2017


News Links, July 21, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Indonesia Struggles to Fire Up Its Economy
5 Charts That Prove That the US Economy Is Weakening Fast
Debt Ceiling Concerns Start to Surface in Treasury Bills
U.S., Canada, Mexico agree on fast-paced NAFTA talks - sources
In Mongolia's yurt slums, nomads dream of city life
Harley-Davidson Spirals Down, Announces US Layoffs, Builds Factory in Thailand
Ex-Caja Madrid Chairman Blesa Found Dead With Gunshot Wound
Miguel Blesa, the former chairman of Caja Madrid who for many Spaniards came to represent the management excesses that helped cause the country's banking crisis, was found dead with a gunshot wound, police said.
Bank of America Pulls Ripcord on Chinese Conglomerate HNA
The Death Spiral of Financialization
The primary driver of our economy--financialization--is in a death spiral. Financialization substitutes expansion of interest, leverage and speculation for real-world expansion of goods, services and wages.
Greece Approved for $1.8 Billion Conditional Loan From IMF
Secular Disinflationary Trend Hits New Highs: Deflation on Deck? What's That Mean for Gold?
Wage and CPI inflation, even core inflation, has surprised to the downside four consecutive months. If a recession hits, and that is just a matter of time, outright price deflation is likely.
Bank of Japan keeps monetary policy steady, cuts inflation expectations
There will be great weeping and gnashing of teeth when the US economy crashes and these "assets" become worthless overnight. What are the buyers thinking? -- RF
Three Years Into Cheap Oil, Gulf Is Still Depending on a Rebound
Energy-rich Gulf Arab nations have scrambled to adjust to the slump in oil prices since 2014. Three years on, their economies are mired in weak growth and largely just as dependent on crude as they ever were.
Ain't gonna happen. -- RF
Chinese ships heading for joint exercises with Russia in the Baltic Sea
Controversial French anti-terror bill clears hurdle
The goal of the sanctions is to prevent the Nicolas Maduro government from having things its way at a July 30 election for a Constituent Assembly that, the U.S. administration believes, would serve to cement Maduro's power and turn Venezuela into a "full dictatorship."
That is, in short, election meddling! -- RF
Germany Blocks Defense Exports To Turkey In "Worst Crisis Since World War II"
The "worst crisis between Germany and Turkey since World War II" just took another turn worse, after German media reported that in the latest escalation to date between Berlin and Ankara, Chancellor Angela Merkel will freeze present and future Turkish orders of defense goods amid souring diplomatic relations between the two nations, Bild Zeitung said citing unidentified govt officials.
But renewables won't support civilization as we know it. For example, see here and here. -- RF
It just goes to show that with resources, quality is everything. -- RF
Satellite snafu masked true sea-level rise for decades
Revised tallies confirm that the rate of sea-level rise is accelerating as the Earth warms and ice sheets thaw.

Call for increase in spy powers against terror
Australia's foreign spy agencies could gather intelligence on "classes" of Australians involved with terrorist organisations to help stop lone wolf attacks or help the military target terrorists, under recommendations from a high-level review.
Cyberattack in Ukraine may not have been Russian
Some US authorities and 'private researchers' claim NotPetya attack was either carried out by Moscow or backed by it, but the evidence is questionable
Russiagate Exposed: It's a Fraud

## Propaganda/censorship/fake news/alternative facts ##
The Price for Criticizing Israel
Israel is well-known for having a potent U.S. lobby that not only influences Congress and the mainstream media but intimidates Americans who dare criticize its policies toward the Palestinians.

## Systemic breakdown/collapse/unsustainability ##
The Over-Quantification of Life
Governor's Plan for Fancy Light Shows on Bridges Draws Jeers in City Where Subways Don't Work
Decaying infrastructure taking a toll on America
America's infrastructure is in a state of crisis. Roads and train lines are old, dangerous and cost the country billions of dollars in economic growth. Trump wants to repair damages but he is at the mercy of investors.
NYC Subway Station Spending Questioned as Delays Increase
The Metropolitan Transportation Authority's plan to spruce up New York subway stations with lighting, wireless access, countdown clocks and video-screen signage would be better spent fixing equipment that's causing breakdowns and delays, according to a business-backed research group.
World's Plastic Waste Could Bury Manhattan 2 Miles Deep

## UK ##
Did the City of London Just Press the Panic Button on Brexit?
Oh the irony: EU capitals are trying to attract the very institutions that caused some of the worst financial scandals of the last ten years.
Hackers 'Likely Compromised' UK Energy Targets
The fact that this barbaric, authoritarian practice somehow has legal protection in these United States says so much about the state of the nation and the level of thuggishness we're willing to put up with as a people.
S&P 500's Biggest Pension Plans Face $382 Billion Funding Gap
People who rely on their company pension plans to fund their retirement may be in for a shock: Of the 200 biggest defined-benefit plans in the S&P 500 based on assets, 186 aren't fully funded.
And finally...
3 California Counties File Multi-Billion Dollar Lawsuits Against "Big Oil" Over Rising Sea Levels
Taiwan woman divorces husband who ignored her text messages
A woman in Taiwan has been granted a divorce, using the "Read" indicators on the Line messages she had sent to her husband as proof that he had been ignoring her.

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