Tuesday, August 08, 2017


News Links, August 9, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Cracks appearing in US, China economies, threatening global growth
Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says
Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator.
This Hits the Wheezing Commercial Real Estate Bubble at Worst Possible Time
The last big enthusiastic buyer, China, is leaving the party.

## Cut, baby, cut! ##
To pare losses, Japan Display eyes cutting 4,000 jobs

## Airline death spiral ##
The frequency of these fume events is difficult to assess, but estimates run to as many as 2.6 per day. The Allied Pilots Association (APA), which represents American's  pilots, has cited as many as 20,000 fume incidents over the past decade, or about five per day.
Cathay Pacific overseas operations to be affected by 'review' of workforce

## Fault lines/flashpoints/powder kegs/military/war drums ##
US to respond by Sept. 1 to Russia's expulsion of diplomats
UN sanctions could send North Korean economy plunging as much as 5%
Country's growth, hit hard by worst drought since 2001, may sink deep into negative territory
China 'fires warning' with array of navy drills off Korean peninsula
Yellow Sea exercises come in wake of Pyongyang's second long-range missile test in a month
Californians urged to save energy during solar eclipse
A New Twist in Seth Rich Murder Case
The U.S. mainstream media dismisses any link between the murder of DNC official Seth Rich and leaked DNC emails as a "conspiracy theory" – while blaming Russia instead – but a new possibility has arisen.

## Propaganda/censorship/fake news/alternative facts ##
Israel moves to shut down local operations of Al Jazeera
Russia's communication with the Western world is not about creating an attractive image. It's about mockery and trolling. A shirtless Putin in dark glasses, floating in the middle of a remote Siberian lake, is not a guy who cares much about U.S. Congress' latest sanctions.
Russiatosis (Kunstler)
A compendium of fake news (propaganda) over the years up to the present. -- RF
Jeff Sessions Endorses Theft (on civil asset forfeiture, Ron Paul)

## Japan ##
NHS maternity wards in England forced to close 382 times last year
Encourage children to spend more time online, says former GCHQ head
Robert Hannigan says children developing cyber skills could 'save the country' as UK was falling behind competitors
Payment in gold bullion banned in UK under new policy against tax evasion

## US ##
Penalties on Wall Street Firms Plunge Under "Business Friendly" Trump Administration
Financial Crisis is forgotten. Even sounds of gentle wrist-slapping fade.

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