Tuesday, February 06, 2018

 

News Links, February 7, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Era of trillion-dollar budget deficits is making a comeback (US)
What's the Chance of Iconic GE Going Bankrupt?
When all is said and sold off, GE's debt burden – much of it attributable to GE Capital – looks enormous versus the size of the remaining assets and cash flow.
'India is the new China,' say construction equipment makers
Global players eager to capitalize on Modi's infrastructure drive
Largest Cryptocurrencies Plunge 50%-80%, $372 Bn Gone in 1 Month. Will it Hit the US Economy?
Lloyds Bank to ban credit card owners from buying cryptocurrencies
China to stamp out cryptocurrency trading completely with ban on foreign platforms
Offshore platforms targeted after recent efforts to shut down domestic exchanges failed to eradicate trading 
U.S. regulators to back more oversight of virtual currencies
Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday.

## Airline death spiral ##
IATA warns rising costs for airport infrastructure are risk for airlines
The growing cost of airport infrastructure poses risks to the airline industry's profitability and growth, the head of the International Air Transport Association (IATA) said, adding there was an infrastructure crisis almost everywhere in the world.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia steps up air raids on Syria's Idlib province after jet shot down
Duterte slammed for response to Chinese activities in South China Sea
Critics of Rodrigo Duterte said Tuesday the Philippine president is not doing enough to push back on Chinese activities in the South China Sea.
Duterte sees which way the wind is blowing. -- RF
The US has long had a "foothold" in East Asia. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Maldives declares emergency, soldiers reportedly storm court

## Energy/resources ##
Want to go off-grid? You might need hundreds of Tesla batteries
Going completely off-grid is infeasible for most households in Western Canada, energy systems modellers conclude, due to the diminished amount of sun in our northern latitude. To "cut the cables" to the electricity grid, requires an impractical number of batteries or solar panels.
February the real test for Australia's shaky power supply
Tesla to create world's largest 'virtual power plant' in Australia
Higher Oil Prices Are Bad News For India

## Environment/health ##
Now we're talking! -- RF
Whale and shark species at increasing risk from microplastic pollution – study
Large filter feeders, such as baleen whales and basking sharks, could be particularly at risk from ingesting the tiny plastic particles, say scientists

## Intelligence/security/internet/cyberwar ##
NATO's Crossed Swords exercise preps cyber warriors
T-Mobile Is Sending a Mass Text Warning of 'Industry-Wide' Phone Hijacking Scam
Cybercriminals are increasingly targeting people's phone numbers, hijacking and then using them to access people's bank or social media accounts.
## Propaganda/censorship/fake news/alternative facts ##
'Deep State' Veterans find New Homes in Mainstream Media

## Systemic breakdown/collapse/unsustainability ##
Journalists are fleeing for their lives in Mexico. There are few havens
People in other countries mistakenly think this has nothing to do with them. -- RF
Yep, L.A. has the world's worst traffic congestion — again
U.S. cities dominate the world's top 10 most-traffic-congested urban areas, with Los Angeles leading in mind-numbing and costly gridlock, according to a new report issued Tuesday.

## Japan ##
Japan PM Abe calls for continued 'bold' BOJ easing

## UK ##

## US ##
U.S. retail gasoline prices getting higher and higher
Rising crude oil prices and strong consumer demand have pushed the national average price for a gallon of gas to something of a record, retail analysis found.




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