Thursday, August 31, 2017


News Links, September 1, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Fitch says 'default is probable' for Venezuela, lowers country's credit rating
Visualizing 5,000 Years Of Consumer Credit Growth

## Cut, baby, cut! ##
Disney/ABC TV Group Cost Cuts And Layoffs Loom
Massive job cuts expected in Albanian administration

## War on cash/cashless society ##
Six global banks join forces to create digital currency
This one chart from India shows why no country should try demonetisation

## Airline death spiral ##
Top 3 U.S. airlines ask Trump admin for help competing with Gulf airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. Air Force announces date for X-37B launch
US forces closure of Russia's San Francisco consulate, 2 other diplomatic properties
The Quite Rational Basis for North Korea's Japan Overfly
Jared Kushner's Mideast Peace Push Is Going Nowhere. That's Why Israelis Love It.
Afghan Officials Deny AP Report of Being in Contact With Taliban

## Migrants/refugees ##
Not just Rohingya, but also Buddhists, flee Myanmar violence

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds of Puerto Ricans protest, decry austerity measures

Talk about cognitive dissonance! What's "clean" about generating tons of deadly radioactive waste? -- RF
At the same time, efforts such as this can make people lose sight of the fact that big cities themselves are unsustainable and doomed to collapse. Rooftop gardens and more trees won't change that. -- RF

## Intelligence/security/internet/cyberwar ##
Google Has Become a Major Threat to Democracy in America
465,000 Patients Need Software Updates for Their Hackable Pacemakers, FDA SaysHundreds of millions of private email addresses leaked onto internet in biggest spambot dump ever
Is the CIA Writing Legislation for the U.S. Congress?

## Systemic breakdown/collapse/unsustainability ##
Why Wages Have Lost Ground in the 21st Century
The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function.
Extra 500 beds for Hong Kong's public hospitals, but not enough for winter flu, authority admits
Hospital Authority announces additional beds for public facilities after summer flu outbreak leaves many stretched to breaking point
Chinese military made multiple attempts to negotiate with India to end stand-off, ministry says
One in three "sick notes" handed out by GPs are now for mental health problems, amid soaring levels of anxiety across Britain, official figures show.
Fracking in North Yorkshire to begin 'before end of year'

## US ##
U.S. Gasoline Futures Hit 25-Month High
'Easy money' made selling Army weapons stolen by US soldiers
More than $1 million in weapons parts and sensitive military equipment was stolen out of Fort Campbell, Kentucky, and sold in a vast black market, some of it to foreign buyers through eBay, according to testimony at a federal trial this week.
Sounds like some banana republic. -- RF

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