Sunday, June 03, 2018


News Links, June 4, 2018

S&P Downgrades Deutsche Bank To BBB+
What Do Kids Do on Private Jets?
In the race to court customers, VistaJet is producing six-figure play parties at 45,000 feet.

## War on cash/cashless society ##
Visa Goes Down in the UK, Chaos Ensues, Cash is Suddenly King
While the mayhem caused by the outage may have been short lived, it served as a stark reminder of the risks, both for consumers and retailers, of depending purely on cashless payments. In the UK, the chaos unleashed was particularly acute since it is one of the world's most cashless economies, pipped to the post only by Canada and Sweden, as a recent study by industry analysts reported.
Visa cards affected by major processing outage in Europe
Payment card company Visa reported a service disruption in Europe on Friday, leaving businesses and customers unable to make purchases or receive payments.
The future of the cashless society. -- RF
Why India is ignoring US sanctions and sticking with Iran
Mattis warns of future aggression to Chinese militarization
U.S. Defense Secretary James Mattis warned Saturday there could be an aggressive U.S. response to China's military presence in the South China Sea.
Trump moves to protect ISIS, al-Qaeda enclave in Syria
Unusually, the U.S. defense secretary also mentioned thorny issue of Taiwan in his speech, committing to "working with Taiwan to provide the defense articles and services necessary to maintain sufficient self-defense" for the self-governing island consistent with the obligations set out in the Taiwan Relations Act.
Stunning failures found in Global Train and Equip counter-terrorism programs
Denmark Approves Burka Ban
Denmark becomes the sixth European country to enact such a ban, after France, Belgium, the Netherlands, Bulgaria and Austria.

## Energy/resources ##
Latin American Land Owners Are Fighting to Keep Power Lines Out
Now that the region's biggest economies have access to power, a new NIMBY movement is creeping in.
Germany Faces Gigawatt-Scale Loss of Onshore Wind Power
Feed-in tariffs will soon expire for many of Germany's 28,000 onshore wind turbines. How many will be retired or replaced?

## Got food? ##
Food security in Cambodia faces threat due to hydropower
New dams for hydroelectricity are altering Cambodia's Mekong River, and could threaten fish migration, livelihoods and regional food security -- and the predictable seasonal patterns that farmers and anglers depend on.
Pests destroy crops in Tanzania, food shortages feared
The Financial Impact of the Romaine Lettuce E. Coli Outbreak Isn't Over

## Intelligence/security/internet/cyberwar ##

## Systemic breakdown/collapse/unsustainability ##
Marine Corps F-35s dogged by parts shortages
Cost and complexity skyrocket. This is the outcome. -- RF

## Japan ##
Much of the land is abandoned farmland and forestland, which actually plays an important role as habitat for something besides humans and their domestic animals. The Japanese countryside recedes day by day under the relentless pressure of mindless development, and a government land grab will no doubt worsen the situation. -- RF
China is putting troops, weapons on South China Sea islands, and has every right to do so, PLA official says
Head of Chinese delegation at Shangri-La Dialogue in Singapore accuses US of being the real 'source of militarisation' in disputed waterway

## US ##
The U.S. Economy In Two Words: Asymmetric Gains
The Status Quo is in trouble if the bottom 95% wake up to the asymmetric gains that are the only possible output of our hyper-financialized economy.
The bottom line is that there are too many people. -- RF

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