Thursday, July 11, 2019

 

News Links, July 12, 2019

U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.
Vehicle Sales Plunge amid India's Shadow-Bank Debt Crisis & Contagion Fears
Shadow banks provided 40% of new loans for vehicle purchases.

## Cut, baby, cut! ##
Bombardier to lay off 550 workers at Thunder Bay, Ontario, plant

## War on cash/cashless society/cryptocurrencies ##

## Airline death spiral ##
Delta flight forced into emergency landing after engine problem
Passengers described hearing a "loud bang" and seeing smoke in the cabin followed by a burning smell.

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Pentagon Looks to Virtual Reality to Prepare Troops for Nuclear War
Israel's separation wall endures, 15 years after ICJ ruling
The separation wall, deemed illegal by ICJ, cuts into occupied West Bank territory, and will be 712km upon completion.

• War on Iran
Mark Esper, the acting secretary of defense, raised the issue last month with allied officials at NATO headquarters, but no nations were ready to commit to participating.
Trump's Version of Iran Accord: Heads I Win, Tails You Lose
The US, after walking out of the Iran accord, is now shouting foul as Iran has breached the 300 Kg enriched-uranium stockpile limit of the accord. Does the US expect Iran to live up to the accord while it happily reneges on it?
ICE Just Quietly Opened Three New Detention Centers, Flouting Congress' Limits
The facilities are all run by private prison companies, and one experienced a violent riot.
Sounds sensible, doesn't it? Or does it? Like waste-to-energy schemes, this feeds off the waste of industrial society and therefore mistakenly assumes that this energy-intensive system is sustainable. -- RF
'There's Nothing to Give Them': The Hunt for Lifesaving Epipens
Parents and pharmacists are grappling with a continuing shortage of the allergy shots and hurdles that stymie alternatives.
India's Worsening Drought Is Forcing Doctors to Buy Water for Surgery
Hospitals in its third-largest city are now almost completely dependent on a fleet of privately-owned tankers.
Not rich? Then consider a medicinal herb garden. -- RF

## Intelligence/security/internet/cyberwar ##
US-China tech war and the US intelligence community
China's 5G leadership means US eavesdropping will be blocked, spies unemployed
Amazon and Microsoft compete for Pentagon's "war cloud" contract

## Propaganda/censorship/fake news/alternative facts ##
"Go Forth and Lie" Israel Rolls Out Mandatory Course for Students Travelling Abroad
Israel's new course to prepare high school students traveling overseas to be good "ambassadors" includes training on how to combat BDS, claims of apartheid and more.

## Systemic breakdown/collapse/unsustainability ##
These 5 crumbling states have the worst infrastructure in America
Trump Presides Over Dwindling Greatness
Russia and China are forging stronger ties, gaining ground on the U.S. and rattling Washington.
Negative-Yielding Junk Bonds Have Arrived in Europe
NIRP is systematically rotting out basic brain functionality.
There could be no better news for any country on the planet. -- RF
What were they thinking? Workers only have so much money to spend. -- RF

## China ##
A Red Flag For Oil? China's Crude Consumption Is Faltering

• War on Huawei
A spokesperson for the ministry described the leak as a "minor issue with an internal system."
OMG, "issues" strike again! -- RF

## US ##
U.S. government posts $8 billion deficit in June
No longer rich on oil, Alaska may slash money to universities: 'We have a lot to lose'
The University of Alaska could lay off more than 1,000 and cut dozens of programs, thanks to a dramatic slash in money it gets from the state – a 41% cut from a line-item veto by Alaska Gov. Mike Dunleavy.
Net Wealth Distribution: The Bottom 50% Have 1% of the Wealth
Those in the bottom half have nothing. The top 10% have 70% of the wealth.
Truck Makers Are Going to Have to Fess Up Soon
"Orders" of Heavy Trucks Collapsed by 70% but "Sales" Rose to Highest Level Since 2006: There's a Lag. And Sales Are Next



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