Thursday, June 28, 2018

 

News Links, June 29, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Greyerz – Russia, China And India Are Making Historic Moves Ahead Of The Global Reset
Chinese yuan down 4 per cent in 11 days as central bank arms itself for trade war with US
The PBOC continues to lower the currency in what analysts say may be an attempt to make exports more competitive as trade tensions escalate
Suck it up, peons. -- RF
Amazon is buying companies at an unprecedented rate in its quest to expand
Analysts make grim projections for U.S. debt
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming
Make Capital Cheap and Labor Costly, and Guess What Happens?
Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital.

Whenever Musk or one of his rivals sends up a spacecraft, the carriers which operate closer to the ground must avoid large swaths of territory and incur sizable expenses.
Security breach at Auckland Airport delays flights
Despite some well-publicized incidents involving drunk passengers, U.S. airlines aren't about to fly dry. The revenue is just too big. But flight attendants say drunk passengers are the top source of harassment and want airline staff to keep them off planes.
Authorities swarm JetBlue plane experiencing radio issue at JFK Airport
Construction goes on at North Korea nuclear facility, images show
Iran reopens nuclear plant that had been idle for nine years
The government of Iran has ordered a formerly idle nuclear plant to resume operations on Wednesday to be ready in case discussions with European leaders over saving the nuclear agreement vacated by the Trump administration fall through.
In Europe's east, a border town strains under China's Silk Road train boom

## Migrants/refugees ##
Trump-Inspired Koreans Try to Drive Out Hundreds of 'Fake' Refugees

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
It was only a few days ago that Saudi Arabia and its coalition partners said that they would add 1 mb/d of supply back onto the market, with many of them acknowledging that, in reality, the figures would be closer to 600,000 bpd because of the inability of so many producers to ratchet up output.
Russia a pivotal player in OPEC-led market stabilization effort


## Environment/health ##
'Toxic garbage will be sold here': Outcry as Brazil moves to loosen pesticide laws
A Brazilian Congress commission has approved a controversial bill to lift restrictions on pesticides despite fierce opposition from environmentalists, prosecutors, health and environment ministry bodies, and even United Nations special rapporteurs.
Engineers have created a cement alternative to reduce concrete's carbon footprint
Well, that's great news. Unfortunately, the cities built with the cement alternative would be just as unsustainable as cities built with conventional cement. -- RF

## Intelligence/security/internet/cyberwar ##
A new data breach may have exposed personal information of almost every American adult
While the database apparently does not include credit-card numbers or Social Security numbers, it does include phone numbers, email and postal addresses as well as more than 400 personal characteristics, such as whether a person is a smoker, if they own a dog or cat, their religion and a multitude of personal interests. Even though no financial information was included, the breadth of personal data could make it possible to profile individuals or help scammers steal identities.
Why You Should Be Intensely Skeptical Of Everything You Hear About Iran Protests

## Propaganda/censorship/fake news/alternative facts ##
Calif. bill would create commission to monitor 'fake news'

## Systemic breakdown/collapse/unsustainability ##
Beer rationing begins after a carbon dioxide crisis hits Europe
Companies appear to be holding back due to the limited growth potential of a domestic economy beset by a shrinking population. Uncertainty over the global economy as the U.S. pushes its "America-first" agenda is only adding to the reluctance to spend.
Totally out of touch with the lives of the Little People. And also out of touch with energy reality. -- RF
Trade war or not, China Inc already reining in American brands
As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government's blessing.
China must stop fooling itself it is a world leader in science and technology, magazine editor says
Leadership has been hoodwinked by overblown claims of nation's capabilities and achievements, editor-in-chief of state-run industry journal says

## UK ##
Child homelessness in England at highest level since 2007
123,130 children were in temporary accommodation in first quarter of 2018 – an increase of nearly 80% since 2011
The next bear market in stocks will spark a retirement crisis
A recession could decimate even substantial retirement portfolios, and Social Security and Medicare are facing shortfalls
One-Third Of Voters Think Civil War "Likely Soon" While 59% Say Anti-Trump Liberals Will Resort To Violence




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