Sunday, October 29, 2017


News Links, October 30, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Jeff Bezos is now the richest man in the world with $90 billion
NAFTA Effect: Global Manufacturers Bet on Dirt-Cheap Mexico
That wages have remained so low for so long is not by accident; it's by design.
Border control procedures were also a persistent annoyance for passengers, something IATA says could be solved through the increased use of biometric data.  Passengers are warming to that idea as well – Over 82% want to use a 'digital passport' and 64% would be happy for biometrics to be used as the form of identification.
Be careful what you wish for. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Forces in Iraq, Syria will need U.S. help long after ISIS is gone, top commander says
Just the other day Tillerson said, "Any foreign fighters in Iraq need to go home," but obviously he did not include US fighters. -- RF
Papua New Guinea tells Australia it must resettle refugees unwilling to stay

## Global unrest/mob rule/angry people/torches and pitchforks ##
Disappointing Output Betrays Exxon, Chevron Profit Victories
Exxon churned out the equivalent of 3.97 million barrels a day, short of the 4-million average estimate from analysts. Chevron's tally was 2.717 million barrels a day, underperforming its 2.777-million average estimate. In both cases, the figures rattled investors, even as the U.S. oil giants easily beat estimates on their overall earnings.
You still have to wonder what exactly Trump meant by those tweets. Did he mean that US oil companies should have loaded up all Iraq's oil in tankers and taken it away? Or that the US was supposed to militarily occupy Iraq's oil fields?  -- RF

## Environment/health ##
More than eight million tons of plastic are dumped into the world's waters each and every year, according to the nonprofit network Plastic Oceans. That trash causes the death of more than 100,000 marine animals and one million seabirds every year, the United Nations reported. Should this trend continue, plastic will outweigh fish in the ocean by the year 2050.
Science Says: Jack Frost nipping at your nose ever later
Making more humans is a problem, not a solution. -- RF

## Intelligence/security/internet/cyberwar ##
Facebook denies 'listening' to conversations
A Facebook executive has denied the social network uses a device's microphone to listen to what users are saying and then send them relevant ads.
Russian state-owned television station RT says Twitter had pushed it to spend millions on advertising ahead of the 2016 U.S. presidential election.
The Democratic Money Behind Russia-gate
The two sources that originated the allegations claiming that Russia meddled in the 2016 election — without providing convincing evidence — were both paid for by the Democratic National Committee, and in one instance also by the Clinton campaign: the Steele dossier and the CrowdStrike analysis of the DNC servers.

## Propaganda/censorship/fake news/alternative facts ##
Facebook is effectively sowing disinformation by kowtowing to foreign regimes and censoring atrocities such as ethnic cleansing in Myanmar. In the name of repressing fake news and hate speech, Facebook is probably suppressing far more information than Americans realize.
Hillary Clinton Keeps Pointing Fingers
Because of the failure of the corporate press to report fully on Hillary Clinton's policy failures throughout her career, it was difficult for voters to perceive how dangerous her presidency might have been, although many Democratic voters bolted to Bernie Sanders and enough Americans voted against her last November to give Donald Trump his narrow Electoral College victory.
Guardians of the Magnitsky Myth
In pursuit of Russia-gate, the U.S. mainstream media embraces any attack on Russia and works to ensure that Americans don't hear the other side of the story, as with the Magnitsky myth.

## Systemic breakdown/collapse/unsustainability ##
What Could Pop The Everything Bubble?
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop.
Subaru chief says improper inspections may date back decades
Automaker set to recall up to 400,000 vehicles in Japan
Could drone that can deliver cargo to islets in South China Sea secure presence in disputed waters?
Unmanned aerial vehicle could take military supplies from Hainan Island to the Paracels in an hour, and can land and take off using a dirt track or field
Politicians admitting that overpopulation is a problem? I'm shocked! Of course, the reason they dare to bring it up in this instance is to tie the problem in with immigration. Nevertheless, (human) overpopulation is real. -- RF
Heathrow investigates after security and anti-terror data found on USB stick
Heathrow officials are investigating after a USB stick containing confidential data – including the exact route the Queen takes to the airport – was reportedly found in the street.
'Excessive' green taxes are forcing up fuel bills, official review finds

## US ##
Don't Call the Cops If You're Autistic, Deaf, Mentally Ill, Disabled or Old
Life in the American police state is an endless series of don'ts delivered at the end of a loaded gun.
But it's a big mistake to believe that Trump is unique in this respect. Even a cursory look at the deeds and behavior of the world's leaders, past and present, reveals rampant unhinged, depraved, and childish behavior. Trump is awful, but don't fall prey to the simple-minded and naive belief that if Trump is replaced with someone else, the situation will "get better." -- RF
A new analysis from the Bipartisan Policy Center adds new disaster relief spending and the costs of GOP tax-cut plans to earlier projections from the Congressional Budget Office. Its conclusion: The deficit could reach $1 trillion as early as 2019 – four years earlier than the CBO calculated in January.
However, its unfunded liability climbed to $73.4 billion at the end of fiscal 2017 from $71.4 billion in the prior year because the state's pension contribution continued to fall below actuarially required levels.

And finally...

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