Tuesday, January 09, 2018


News Links, January 10, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
World Debt Is Rising Nearly Three Times As Fast As Total Global Wealth
A slowing economy risks turning India's demographic dividend into a disaster
A Curious Thing Happened When Ontario Hiked Minimum Wages By Over 20%
From Territorial to Functional Sovereignty: The Case of Amazon
As digital firms move to displace more government roles over time, from room-letting to transportation to commerce, citizens will be increasingly subject to corporate, rather than democratic, control.
ASEAN economies ill-prepared for old age
FTCR survey shows demographic clock ticking for aging Southeast Asia
SEC Halts Trading in my Biggest "Blockchain Stock" Hero
11 days after I lambasted the outfit. Billions went up in smoke already.

## Airline death spiral ##
Rising airline fuel costs could lead to higher fares
As Alaska Air cuts costs, employee discontent grows and passenger loyalty is at risk

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump Team Debates Limited Strikes on North Korea

Russia seeks new gas markets in South Asia as sanctions bite
Moscow agrees pipeline deal with Pakistan and develops fields with India
Europe Becomes Victim of Russia's Newest Oil Strategy
Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest stage of Russia's Eastern pivot: the launch of the expanded East Siberia-Pacific Ocean pipeline that would lift Urals crude supply to China twofold, to 30 million tons annually. 
US energy watchdog rejects plan to subsidize coal, nuclear sectors

## Got food? ##
Hawaii's existential choice: Tourism, food and survival
As tourism has grown, land used for agriculture has declined by 68 percent since 1980. Some of the former plantation operators have turned themselves into land development companies to take advantage of the tourism and real estate boom. The result is that Hawaii—a lush, fertile group of islands with the ability to grow crops year round—now imports 90 percent of its food.

## Environment/health ##
Packed emergency rooms, deaths as flu hits California hard
The World's Largest Biometric ID System Keeps Getting Hacked
The personal data of many of India's citizens is for sale on WhatsApp for less than $10.
Starting Jan. 22, some may need a passport for domestic air travel

## Systemic breakdown/collapse/unsustainability ##
Yes, But at What Cost?
The status quo delights in celebrating gains, but the costs required to generate those gains are ignored for one simple reason: the costs exceed the gains by a wide margin. As long as the costs can be hidden, diluted, minimized and rationalized, then phantom gains can be presented as real.

## Japan ##
Japan succession crisis could rip links out of auto supply chain
Nearly 1.3m businesses are in danger of folding -- including parts makers
Lack of kindergartens hampers China's efforts to spark baby boom
Many couples balk at having more kids despite end of one-child policy

## US ##
The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades.
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree
It's official: the reason behind the recent rebound in the economy can be explained with two words: "charge it."

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