Tuesday, November 07, 2017


News Links, November 8, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Leverage Increases at Lowest-Graded Companies, Zombie Firms Increase
Leverage is steadily increasing at the lowest-rated investment-grade companies. Zombie firms are on the rise and so is default risk.
Global Stock Meltup Sends Nikkei To 25 Year High

## Cut, baby, cut! ##
Siemens Gamesa to cut as many as 6,000 jobs
Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year.

And there's also a lesson here about the danger of using your fingerprint to secure your smartphone. -- RF

Second Saudi Prince Confirmed Killed During Crackdown
Following the death of Prince Mansour bin-Muqrin in a helicopter crash near the Yemen border yesterday, the Saudi Royal Court has confirmed the death of Prince Abdul Aziz bin Fahd - killed during a firefight as authorities attempted to arrest him.
Saudi Arabia - This 'Night Of The Long Knives' Is A Panic-Fueled Move
Trump Endorses Saudi Crackdown to 'Neutralize Iran'
Trump Asks Congress for Another $5.9 Billion for Military, Citing North Korea
Chinese tourists attacked with tear gas, robbed in Paris

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds in Seoul protest 'warmongering Trump' over stance on North Korea

## Energy/resources ##
Can Solar Survive Without Subsidies?
Stephen Hawking: Earth could become 'ball of fire' within 600 years
Renowned physicist Stephen Hawking predicts that the world's mounting population will consume enough energy to render the world a "ball of fire" within 600 years.
If we continue on this trajectory. But energy consumption on the current scale is a one-time phenomenon, and most of the human population will be lost through mass starvation and war. -- RF

## Intelligence/security/internet/cyberwar ##

## Propaganda/censorship/fake news/alternative facts ##
Twitter Revises Terms Of Service, No Longer Believes In "Speaking Truth To Power"
Learning to Love McCarthyism
Special Report: Many American liberals who once denounced McCarthyism as evil are now learning to love the ugly tactic when it can be used to advance the Russia-gate "scandal" and silence dissent.

## Systemic breakdown/collapse/unsustainability ##
What A U.S. Electric Grid Attack Looks Like
If there is no electricity, there is no light, no water, no sewage, no gas and diesel, no heating and cooling—even gas and oil systems rely on electric pumps and fans. If such a blackout were sustained, slow death through starvation, or fast death through disease and armed gangs ravaging the cities and towns for food, would be the result.
But there's no need for an attack. Because industrial society is unsustainable, power grids will eventually collapse on their own. -- RF
SoftBank's rosy operating results mask heavy debt load
SoftBank Group saw its net profit plunge sharply for the April-September half despite posting a record operating profit, exposing a heavy toll exacted by enormous interest payments and intricate derivatives arrangements.
Fracking firm to give first households £2,000 payouts
Shale gas firm Cuadrilla says 29 Lancashire households will get payments – but one says they will refuse 'blood money'
Retailers urge 'shoppers' budget' as figures point to squeeze
Pre-Christmas trading off to poor start with weakest growth non-food spending in more than five years, says BRC
The Great College Loan Swindle
How universities, banks and the government turned student debt into America's next financial black hole
Tax Cuts will Balloon US Debt to 120% of GDP, but Boost to Economy will be "Short-Lived"
US is the "most indebted AAA-country" and runs "the loosest fiscal stance," but the dollar as Reserve Currency still props it up: Fitch

And finally...

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