Tuesday, August 15, 2017


News Links, August 16, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Aramco IPO Value May Be Much Lower Than Expected

## Airline death spiral ##
Drunk air passenger arrests up 50%
Arrests of passengers suspected of being drunk at UK airports and on flights have risen by 50% in a year, a BBC Panorama investigation suggests.
Thailand passport control crisis prompts widespread criticism
Airport queues of up to five hours, negligent authorities scorched by all media

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, China vie for anti-terror influence in the Philippines
Trump refuses to take call from Venezuela's Maduro
He won't take calls from Venezuela until democracy is restored there. So what's his excuse for taking calls from China? Does he think it's a democracy? And speaking of "democracy," what about America's China-style one-party system? -- RF
Iran President Hassan Rouhani threatens to restart nuclear program
NYT Shocking Report: US "Ally" Ukraine Is Source Of North Korean Missile Engines
Since 2010, we've paid £328m to wind farms not to generate – mostly to onshore Scottish wind farms, though England's offshore farms have also started to get into the act. Last year, the total was £82m. This year, it's already reached £50m.
The problem here is that proponents never realized what they were trying to do. It never occurred to them that in making biofuels, humans have to do the work that nature did for us over millions of years in making fossil fuels. -- RF
Coal expansion plans up in smoke as Europe realises mistake
Substantial coal power expansion in Europe has been significantly scaled back over the last decade after utility companies realised they bet on the wrong horse, according to a new study by the University of Oxford.
Considering the low energy return on biofuels and the vast amount of land commandeered for monoculture oil palm plantations, it's hard to be impressed. -- RF
But severe pollution, rising costs, and intense competition for shoreline real estate mean that production in these areas cannot expand indefinitely. Wild fishery catches, meanwhile, have mostly plateaued or are in decline.
Too many humans. -- RF
Too many humans. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Google Moves Into the Business of Thought Control

## Systemic breakdown/collapse/unsustainability ##
World GDP in current US dollars seems to have peaked; this is a problem
The findings highlight how six decades of industrial dumping, farming pollution, and water plant and distribution pipe deterioration have taken a toll on local water systems.

## Japan ##
Family-friendly bank pays $18,000 for fourth child
An individual who has had a second child immediately receives a lump-sum of 200,000 yen. A third child makes them eligible for a total of 1 million yen paid over five years, while two million yen will be paid over five years to anyone who has a fourth or more.
In a world so obscenely overpopulated with humans, this is self-destructive. It always astonishes me how out of touch with reality some people can be. -- RF
Domestic demand replaces exports as Japan's growth driver
Economists doubt momentum will continue as population declines, market shrinks
Although fracking and other means of pursuing unconventional oil are always presented as a technological tour de force, they are actually acts of desperation. The article also makes no mention of the very high danger of inducing earthquakes in a country which already has plenty of them. -- RF
Michael Moore is an idiot. Of course Trump is aggravating the situation, but the seeds of collapse were sown long ago, and indeed, industrial society itself is unsustainable from the get-go. If Moore can't see that, he's no smarter than Trump. -- RF

And finally...

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