Tuesday, July 31, 2018

 

News Links, August 1, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"Hidden Debt Loophole Could be Widespread": Fitch
Use of this financial instrument has ballooned. No one knows to what extent because there's no disclosure. But it was a "key contributor" to the sudden collapse of outsourcing giant Carillion.
China's Oil Futures Contract Is Beginning to Show Its Teeth
National Debt Exploding Is A Fraud Cast Upon Us All
Singapore's offshore industry recovering, but no return to glory days

## War on cash/cashless society/cryptocurrencies ##
The EU Backs Off its War on Cash. Here's Why
Indonesia's central bank promotes cashless transactions

## Airline death spiral ##
TSA 'Quiet Skies' program keeps close watch on busiest U.S. airports
The next time you walk through an airport to catch a flight, the Transportation Security Administration might have an extra eye on you -- even if you don't have a criminal record or aren't on any watch lists.
Cathay Pacific looks set to cut overseas jobs, as internal memo tells staff to prepare for restructuring
Airline declines to reveal how many of its 100 bases outside Hong Kong will be affected as it looks to compensate for two years of back-to-back losses


## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest as Polish president signs judicial appointments law

## Energy/resources ##
Bypassing The World's Key Oil Chokepoints
Rig company Diamond Offshore mentions 'prolonged downturn'
Rig company Diamond Offshore on Monday became the latest energy company to report weak earnings during the second quarter, despite higher oil prices.
The sea water's temperature outside one of Sweden's nuclear plants has forced the plant to close down temporarily. As the sea water reached a temperature of 25 degrees Celsius, it can no longer be used for a cooling effect.
Pakistan's pivot to coal to boost energy gets critics fired up
Plan to spend $35bn loan from China on new power stations looks set to continue under Khan

## Got food? ##
Farming's ageing and negativity problem
Agriculture still has to face up to the fact that farmers are ageing and young farmers are not interested. The cause rests in the limited access to land, migration from the countryside to urban areas and the negative media image imposed on agriculture.
Pope Francis: Don't be wasteful, indifferent to 'the world's cry of hunger'
"[Kangaroos] do get into trouble in suburbia where we've got urban areas expanding into the fields where they live."

## Intelligence/security/internet/cyberwar ##
Debunking the Putin Panic with Stephen F. Cohen
Another big investment in complexity that will eventually aggravate collapse. -- RF

## Propaganda/censorship/fake news/alternative facts ##
NY Times publisher tells Trump anti-press attacks 'dangerous and harmful'

Britain needs to invest in new capacity to replace aging coal and nuclear reactors that are due to close in the 2020s, but large new plants have struggled to get off the ground due to high costs and weak electricity prices.
Fewer Americans are making more than their parents did—especially if they grew up in the middle class
Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom
Drugs are easily accessible in the Permian, which is close to highways and to Mexico. For oil field workers making six-figure salaries, money is not a problem to buy all kinds of illegal substances to shoot, snort and swallow to get through 24-hour-plus shifts.




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