Tuesday, October 17, 2017

 

News Links, October 18, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Australia's household debt is rising — but its treasurer says the situation is under control
Pentagon Worried about Hackers Causing Stock Market Crash
Why Did Sears Holdings' Largest Outside Shareholder Suddenly Jump Overboard? (US)
4th director to quit in 10 months. Bankruptcy prospects heat up. 

## Cut, baby, cut! ##
Sainsbury's cutting 2,000 jobs in UK

## War on cash/cashless society ##
Russia's 'cryptorubles' won't be very crypto at all

## Fault lines/flashpoints/powder kegs/military/war drums ##
Syrian-Israeli clash sets tone for meeting of Israeli, Russian defense ministers
Despite Campaign Promises, Arms Shipments to Saudis Skyrocket Under Trump
As a candidate, Trump claimed Saudi Arabia was behind 9/11. But in the first eight months of 2017, the U.S. has delivered a total of $1.56 billion worth of arms to Saudi Arabia.
Days of Living Dangerously in Catalonia
Depends on how far in the future, but ultimately it'll be horses. And the "Air Force" will be hot-air balloons. -- RF
The Air Force Just Bought 100 Stealth Fighters That Can't Fight
Some 6 percent of the planned 1,700-strong F-35 fleet may be unfit for combat, sticking U.S. taxpayers with a $20 billion tab for fighters... that can't fight.

## Migrants/refugees ##
Considering the gargantuan scale of industrial civilization, this won't amount to a drop in the bucket. There is nothing here about yield per unit marine area, but it certainly won't approach fossil fuels in terms of power density. -- RF

## Environment/health ##
More than 25,000 wild dogs are running amok on Guam. There are only 4 dog catchers.
How Obamacare Fuels The Obesity Epidemic

## Intelligence/security/internet/cyberwar ##
Clinton Foundation Involved in Bribery, Kickbacks, Money Laundering to Grow Russia's Energy Program
The future of surveillance is hidden in airport ads
Public anonymity is quickly becoming a thing of the past. Coming soon to an airport in Dubai is an artsy, colorful video security and customs tunnel that scans your face, adds you to a database, indexes you with artificial intelligence and decides if you're free to leave -- or not.
Kaspersky said the malware, known as FinSpy or FinFisher, is a commercial product typically sold to nation states and law enforcement agencies to conduct surveillance.
Microsoft responded quietly after detecting secret database hack in 2013
Microsoft Corp's secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database.

## Propaganda/censorship/fake news/alternative facts ##
Clinton accuses WikiLeaks of blunting impact of crude Trump tape
Hillary Clinton Monday accused WikiLeaks of working with Russia to deflect attention away from an infamous tape of  Donald Trump bragging about groping women in the run-up to the US presidential election.
Understanding the 'Fake News' Hysteria
The mainstream media's hysteria over "fake news" is aimed less at the few instances of intentionally fabricated stories than at well-reported articles that challenge the U.S. government's dubious official narratives.

## Systemic breakdown/collapse/unsustainability ##
The Fading Scent of the American Dream
The industrial lifestyle was unsustainable from the get-go. -- RF
Human Anxiety in Late-Stage Capitalism
Superficial explanations for today's social anxiety and political discontent miss the underlying reality: the crisis of late-stage capitalism in its frantic death throes.

## Japan ##
What is happening with Japan Inc?
Kobe Steel plants faked quality data for decades
Cheating 'manuals' backed systemic fraud under succession of managers
Japan's Kansai Electric to shut down 2 major nuclear reactors
Rising safety costs make even 1m kW facilities too expensive to revive
Financial regulator warns of growing debt among young people
The chief executive of the Financial Conduct Authority has warned of a "pronounced" build up of debt among young people. In an interview with the BBC, Andrew Bailey said the young were having to borrow for basic living costs.
English school budgets facing 'breaking point', warn headteachers
Ex-DEA agent: Opioid crisis fueled by drug industry and Congress
Whistleblower Joe Rannazzisi says drug distributors pumped opioids into U.S. communities -- knowing that people were dying -- and says industry lobbyists and Congress derailed the DEA's efforts to stop it
Elon Musk Is Not the Hero Puerto Rico Needs
The island needs a revamped electric grid and fast, but privatization is not the answer.
Smartphones Are Killing Americans, But Nobody's Counting
Amid a historic spike in U.S. traffic fatalities, federal data on the danger of distracted driving are getting worse.




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