Thursday, May 03, 2018


News Links, May 4, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF warns the Middle East is facing a 'matrix of risks'
Australia's Commonwealth Bank says records of nearly 20 mln accounts lost
Commonwealth Bank of Australia (CBA), the country's top lender, confirmed on Thursday it lost records of almost 20 million accounts and decided to not inform its clients, a breach the nation's prime minister called "an extraordinary blunder".
TSB bosses do not know when the online banking chaos will be over, after more than 10 days of disruptions.

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Israel's prime minister can now declare war
The Israeli parliament has approved a law empowering the country's prime minister and defense minister to declare war without full Cabinet approval in "extreme circumstances."
Mattis Says US Troops Will Remain in Syria, Afghanistan for Long Haul
Trump has all but decided to withdraw from Iran nuclear deal: sources
India and Japan increase military spending, 'driven by China tension'
India moves into world's top five spenders while Japan boosts its military outlay for sixth straight year, as report cites strains with neighbours

## Energy/resources ##
Catastrophic Cyberattacks Threaten Big Oil
We find ourselves faced with a situation where a variety of resources are becoming increasingly difficult to extract. As an example, the mining industry in Australia is faced with ore grades that have halved in thirty years, while waste that has to be removed to access the ores has doubled, causing a tremendous increase in required energy.
It wouldn't last long because no one could afford petroleum products at such prices. Energy must be cheap to goose economic growth. -- RF

## Solutions ##
What Lies Beyond Capitalism and Socialism?
The status quo, in all its various forms, is dominated by incentives that strengthen the centralization of wealth and power.
Hawaii may ban sunscreen that kills coral reefs
World's most polluted megacities
The last place you want to be, especially when TSHTF. -- RF

## Intelligence/security/internet/cyberwar ##
US judge orders Iran to pay billions to families of 9/11 victims
Despite judge's ruling, official US report says Iran did not play a direct role in the attacks
However, the article flops on the US, blaming only Trump while neglecting to say that mainstream American media often serve as propaganda mouthpieces. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Netanyahu's Bizarre PowerPoint Presentation on Iran
Netanyahoo's "Iran Files" are Well Known, Old and Purloined from Vienna
The dog and pony show the Israeli Prime Minister Netanyahoo provided yesterday was not based on material Israeli secret services acquired in Iran, but most likely from data Iran provided to the International Atomic Energy Agency during the implementation period of the Joint Comprehensive Plan of Action.

## Japan ##
F-22 technology offered to Japan for next-generation fighter
Lockheed plays into Washington's strategy of using weapons to balance trade
Bucking global trends, Japan again embraces coal power
Chinese cities ordered to axe new projects after failing to hit winter pollution targets
Northern city mayors summoned to Beijing for dressing down after they miss benchmark for cutting the most harmful rates of pollution
Another problem with China's coal: Mercury in rice

## UK ##
Wet wipe pollution 'changing the shape of British riverbeds'
More than 5,000 wet wipes found in an area next to the Thames the size of half a tennis court

## US ##
Social Security 'is under attack,' say these congressional Democrats
Cuts to Social Security would mean more seniors in poverty, a new report finds.
America's critical minerals problem has gone from bad to worse
It is no secret that the United States has a critical minerals problem. As the Pentagon's top acquisition official Ellen Lord said recently, "We have an amazing amount of dependency on China."
U.S. Factories Are Showing Signs of Buckling From Demand Surge
Tesla's Bizarre Conference Call: Musk Went After Analysts and His Own Execs
Tesla's conference call on Wednesday gets a 10-bowl popcorn rating.

And finally...
The latest addition to an already unbelievably long list. Read on... -- RF

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