Tuesday, February 27, 2018


News Links, February 28, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"It's Not only Carillion that's Built on Sand, it's our Whole System of Corporate Accountability"
The construction & services giant collapsed even as KPMG signed off on its financial statements; now they deny any responsibility.
Transnational lingua francas, once established, always give off an aura of permanence. Yet when circumstances change, they fall. And the change is clearly coming.
I don't know about you, but I'm currently studying Chinese. -- RF
The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc (GIS.N) and Hormel Foods Corp (HRL.N) to spend more on deliveries and consider raising their own prices as a way to pass along the costs.
The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China's Huawei Technologies [HWT.UL] said on Sunday.

## Cut, baby, cut! ##
The Coca-Cola Co to cut up to 350 jobs in the US

## War on cash/cashless society ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
UN Unanimously Backs Ceasefire in Syria
Islamists' growing clout strains Indonesia's democratic pillars
Hard-liners' ability to rally the masses cows politicians into acquiescence
Growing Risk of U.S.-Iran Hostilities Based on False Pretexts, Intel Vets Warn
As President Donald Trump prepares to host Israeli Prime Minister Benjamin Netanyahu next week, a group of U.S. intelligence veterans offers corrections to a number of false accusations that have been levelled against Iran.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Violent clashes break out in Rome as Italian opposition to migrants increases
As well as clashes between protesters and police, locals force the evacuation of 100 migrants by burning mattresses and furniture in northern Italy

## Energy/resources ##
The flip side is that some question the economics of such a massive project, which Encana has likened to a military occupation.

## Environment/health ##
Who Benefits from Russia's 'Peculiar' Doping Violations?
The Winter Olympics concluded with two Russian athletes testing positive for banned substances. But the doping would have made little sense in terms of gaining a competitive edge.
State Dept Gets $40 Million to Fund Troll Farm
US propaganda office set to 'go on the offensive'

## Systemic breakdown/collapse/unsustainability ##
It Will Take a Political Revolution to Cure the Epidemic of Depression

Meanwhile, nobody thinks about how the building was constructed or how the solar panels were made. -- RF
China's military throws weight behind controversial move to scrap term limits
PLA mouthpiece says proposed changes to constitution 'reflect new achievements, experience and demands of party and country'
Chinese electric vehicle makers told to sort tide of waste batteries
Government has made manufacturers responsible for the collection and recycling of batteries amid mounting waste
Too many humans. -- RF

Children struggle to hold pencils due to too much tech, doctors say
"Children are not coming into school with the hand strength and dexterity they had 10 years ago," said Sally Payne, the head paediatric occupational therapist at the Heart of England foundation NHS Trust. "Children coming into school are being given a pencil but are increasingly not be able to hold it because they don't have the fundamental movement skills.

This Is What Life Without Retirement Savings Looks Like
Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades.

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