Sunday, August 06, 2017


News Links, August 7, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Euro Junk Bonds and "Reverse Yankees" Go Nuts
The cost to get adult kids out of the house? We'll pay $24,000, finds bank poll (Canada)
Nearly half parents surveyed are willing to spend an average $24,000 to help their adult children move out
It all began last Friday when a gang of four masked men slashed the tires of an open-top bus filled with holidaymakers and sprayed the windscreen with the slogan "Tourism kills neighborhoods."
Targeting Singapore's property market, Chinese developers leave a trail of unease
With bids that vastly outpace their local competitors, firms from mainland China are grabbing some of the top properties in the Lion City, raising fears of market-wide price inflation
Not All Capital Is Equal; Some Is Destructive
Financialization incentivizes hot money capital flooding into speculative credit-asset bubbles.

## Cut, baby, cut! ##
Sainsbury's eyes 1,000 job cuts

## Airline death spiral ##
Saudia flight lands in Manchester after four hours of circling
Wing flaps issue forced Boeing Dreamliner to circle Manchester area
What do they mean by "issue"? Were the flaps broken? Were they malfunctioning? Why is everything an "issue" these days? Don't people know any other nouns? -- RF
Middle East airlines record slowdown in passenger traffic growth
Middle East airlines recorded a slowdown in passenger traffic growth in June, hit by an earlier US decision to ban passengers from carrying laptops and other devices on flights emanating from the region.
Air India passenger held for bomb threat

## Fault lines/flashpoints/powder kegs/military/war drums ##
Israeli police: Prime Minister Netanyahu suspected of bribery, fraud, breach of trust
With Live-Fire Drill, China Warns India Not to Test Beijing
Eyeing Russia, Pentagon Wants Global War Games
Continuing to envision the new Cold War with Russia both as a ticket for ongoing increases in military spending and a convenient way to coax regional allies into complicated alliances, the Pentagon is increasingly interested in building its war games across broad global conflicts, and in particular a war with Russia.
Neocons Leverage Trump-Hate for More Wars
The enactment of new sanctions against Russia and Iran – with the support of nearly all Democrats and Republicans in Congress – shows how the warmongering neocons again have come out on top.
Probably, many of you saw the term "net energy decline" here first, as I have been harping on this for a long time. Truly, the party is over. Perhaps the greatest tragedy that awaits is that the attempt by world leaders to maintain economic growth and to get and protect resources and territory at all costs will lead to global war. -- RF
Billions Lost in Nuclear Power Projects, With More Bills Due
The cobalt pipeline
Tracing the path from deadly hand-dug mines in Congo to consumers' phones and laptops

## Environment/health ##
U.S. pets are responsible for 30% of the environmental impact of meat eating
If America's dogs and cats were their own country, their meat consumption would rank fifth in the world
Have Smartphones Destroyed a Generation?
More comfortable online than out partying, post-Millennials are safer, physically, than adolescents have ever been. But they're on the brink of a mental-health crisis.
1.8 million California acres were set aside for frogs. Ranchers say decision ignores them
Tiny frogs and toads used to swarm over the Sierra Nevada. Now, the government says nearly 2 million acres of land needs to be preserved to prevent them from going extinct. California ranchers and logging groups say those protections are hurting their ability to make a living.
Too many humans. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Reuters Suggests But Can Not Find "Iran's new route to Yemen"
The War on WikiLeaks and Assange
Helping government authorities discredit Julian Assange and destroy WikiLeaks, mainstream media outlets twisted a recent interview to make Assange look like a Donald Trump backer.
More from the Western propaganda mill. If Putin takes a break on a summer day and doffs his shirt — as many men throughout the world do — he is trying to prove his macho-ness. And if he goes fishing and swimming — as many men throughout the world do — he is also just trying to show how macho he is. Of course, this is just further proof that Putin is a demon. You can see his horns, can't you? On the other hand, if someone like the Great Warmonger John McCain dons a nice suit and advocates launching more murderous wars for empire, it proves he is a champion of Democracy (that's with a capital D, baby). This article tells us more about Western propaganda than about Russian propaganda. -- RF

## Systemic breakdown/collapse/unsustainability ##
As shootings soar, Chicago police use technology to predict crime
Japan to formally weigh strike capability for self-defense
The Ministry of Defense will soon begin discussions on whether Japan should gain the ability to strike enemy bases in self-defense amid the rising North Korean nuclear and missile threat, preparing for a major policy review in late 2018.
Beijing Turns to Shared Ownership to Tackle Unaffordable Home Prices
Beijing is planning to offer apartments whose ownership is shared between the purchaser and the local government in an effort to make housing more affordable as soaring prices have left thousands of aspiring homebuyers out in the cold.
The fourth consecutive fall in new car sales is being blamed on uncertainty over Brexit and the Government's plans to boost air quality.

## US ##
Steer Clear of Any Investment Tied to This Failing U.S. State
Yet another state is on the verge of collapse. Just like Illinois, California, and New Jersey, it's now Connecticut who is struggling to keep the lights on, and it doesn't look like the situation will get any easier.
There have now been 89 consecutive months without a decline for waiter and bartender jobs, the strongest sector for US employment.
Senator Gillibrand pulls support for Israel Anti-Boycott Act
Trump's Buffoonish Presidential Act
There was a chance President Trump could have brought some positive change, especially in reeling in foreign wars, but his bizarre narcissism and flaming incompetence have overwhelmed everything else.
1 private sector worker is supporting every 2 Americans.

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