Thursday, November 28, 2019


News Links, November 29, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Recovery Derailed As World Trade Plunges Again, Recovery Hopes Fade For 2020
...the government borrows money by issuing bonds and then orders its central bank to buy those bonds by creating, or "printing," money that doesn't actually result in printed bills going into circulation.
It's called hocus-pocus economics. No new energy is being created by this cheap trick. -- RF
German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System
European central banks are slowly preparing for plan B: gold.

## Airline death spiral ##
FAA says it again: Boeing's 737 Max is not ready for certification
Boeing 777X fuselage reportedly split during September stress test
The fuselage of a Boeing 777X split during a stress test in September, damage that was worse than previously disclosed, according to a Seattle Times report.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump says U.S. to designate Mexican drug cartels as terrorists
The road toward Greater Eurasia
Kazakhstan's first president has road map for 21st century: global alliance of leaders for nuclear-free world
It's hard to say how far any such projects anywhere in the world will get before the bottom falls out. -- RF
Pompeo: U.S. will impose further sanctions on Iran for human rights abuses
This is a matter for the Iranians to settle without outside interference. -- RF
Planet SOS: Where will climate refugees go when the tide rises?
We travel to the island nation of Palau to explore the impact of rising seas and warming waters due to climate change.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds of banks and government sites burned in Iran unrest - interior minister
The current industrial-agriculture regime, not to mention globalized competition, drive farmers into destructive and unsustainable practices. -- RF
French farmers clog highways to protest at "agri-bashing"
Iraqi protesters set fire to Iran consulate in Najaf: police, first responders
Bolivian Police Gas Funeral March in Latest Crack-Down
The UK oil and gas industry is set to spend more than £15bn on decommissioning activity in the North Sea over the next decade, as thousands of wells are expected to be withdrawn from service by 2030.
Wood McKenzie estimates that operators of offshore installations in the Asia-Pacific region, which includes the South East Asia region, Australia and New Zealand, could face a total decommissioning bill of over $100 billion for just 2,600 platforms and 35,000 wells.
As with nuclear power, monster bills come due after the energy is produced. I suspect that due to this heavy cost burden, much of the decommissioning work will not be properly done, or done at all. But the same can be said for renewables — see following articles. -- RF
Good luck with that. -- RF
• Shale
Shale oil explorers say outlook for growth contradicts grim reality
Shale wildcatters, after years eye-rolling at skeptics, are now saying global analysts are underestimating just how severe the industry's slowdown is.

## Got food? ##
More E. coli illnesses linked to romaine lettuce, CDC says 67 people in 19 states sick
If this keeps up, the food shortages could start at any time. -- RF
Walmart Pork Found To Have "Superbug" Bacteria Resistant To Antibiotics

## Environment/health ##
Cave Fire burns 4,000 acres in Southern California; evacuations ordered

## Intelligence/security/internet/cyberwar ##
The whistleblower complaint has opened a window into the politicization of the intelligence community, and the corresponding weaponization of the national security establishment.
Energy Dept. Has Thousands of 'Critical' Cyber Security Gaps, Auditors Say
Their review, which included locations operated by the National Nuclear Security Administration, revealed multiple cybersecurity weaknesses recurring year after year.
Facebook works to restore access after Thanksgiving Day outage
Facebook Inc said it was working to restore access on Thursday to its users after issues with its central software systems triggered an outage in its family of apps including Instagram on the busy Thanksgiving Day holiday.
California Makes $50 Million Annually Selling Your DMV Data

## Propaganda/censorship/fake news/alternative facts ##
Narrative Managers Faceplant In Hilarious OPCW Scandal Spin Job

## Japan ##
Japan's declining birthrate is believed to be behind the shortage of applicants.
Commodity giant Tewoo Group reportedly could become one of China's all-time high profiled state-owned enterprises to default on a U.S. dollar bond.
Food banks bracing for record high demand over Christmas period

## US ##
Scathing Reports Document Worker Abuses At Amazon Warehouses Just In Time For Holiday Rush
The report that drew the most attention was a joint project between the Reveal Center for Investigative Reporting and The Atlantic which found that Amazon warehouse workers are seriously injured on the job at twice the rate of other warehouse workers - likely a factor of Amazon's demanding conditions.
Amazon Ring Doorbell Camera to Build Watchlist of "Suspicious" Neighbors for Police
Amazon is working with law enforcement on a system that will identify people who are considered "suspicious."

Tuesday, November 26, 2019


News Links, November 27, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global car sales expected to slide by 3.1 million this year in steepest drop since Great Recession
We Can Only Choose One: Our National Economy or Globalization
The servitude of society to a globalized economy is generating extremes of insecurity, powerlessness and inequality.
BC Is the Eviction Capital of Canada, Says StatsCan
New report finds more than 80,000 people faced eviction, foreclosure over five years.

## Airline death spiral ##
It Is True That Corruption Caused The 737 MAX Accidents. But It Was Not Foreign.
Why Lifesaving Drugs May Be Missing on Your Next Flight
Citing chronic shortages, airlines have received exemptions from regulations requiring that flights carry five drugs on board.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Libyan Force Imposes 'No-Fly Zone' Amid Fight for Capital
India will pay the Russian defense companies in roubles, Russia's currency.
NGA breaks ground on new St. Louis campus
The National Geospatial-Intelligence Agency will break ground on its new campus in St. Louis Nov. 26, putting it on schedule to be open and operational by 2025.
The Art of Command, The Science of AI
Future commanders will need to know how to use artificial intelligence to make decisions—including when not to trust it. But how do you decide?
Once the power goes out, future commanders will need to make the best use of horses, wagons, and foot soldiers armed with swords and spears. -- RF

It's a stark indication that the oil industry has been skimping on upstream investment for some years already. This is also bad news for renewables, which depend on fossil fuels to manufacture their hardware. -- RF
It Bears Repeating: Renewables Alone Won't End the Climate Crisis
'We have to look at downsizing, degrowth, using less.'
Indeed, the math just doesn't work. Renewables will never support civilization as we know it. Unfortunately, governments, businesses, and international organizations are hell-bent on sustaining the unsustainable, and even expanding it. Finally, recall the three requirements for energy systems. The question of how renewables stack up will be answered definitively when society ditches fossil fuels and relies solely on renewables. -- RF
"We have a ticking bomb with high-level waste and fuel rods at Koeberg," said Makoma Lekalakala, Earthlife Africa's director.

## Got food? ##
Researchers map food sustainability across the planet
Food production is threatened more by impending financial collapse than by climate change. -- RF

## Intelligence/security/internet/cyberwar ##
Neocon Uses Impeachment To Push Russophobic Agenda (David Stockman; part 3 of series)
Report Claims Iran Considered Attacking US Bases in Middle East
The media furor surrounding the Iranian threat continues apace on Monday, with a dubious claim that Iran gave serious consideration to attacking US military bases in the Middle East in September, before deciding against it.
Russian Trolls Have Virtually No Effect On US Twitter Users: Duke University

The Nochlezhka homeless charity, founded in St. Petersburg in 1990, has faced strident criticism from Muscovites opposed to its plans to open a project in the Russian capital, where stigma against the homeless is high. Experts estimate that Moscow has an estimated 50,000-100,000 homeless people.
The study paints a bleak picture of a workforce plagued by drug overdoses, suicides and organ-system diseases while grappling with economic stresses.
Completely nuts. -- RF

## China ##
Once ambitious to expand into the US, some Chinese firms are now scaling back
Many Chinese firms have announced partnerships in Southeast Asia, Europe, and even the Middle East.
New cache of Xinjiang papers 'a manual for China's detention camps'
Trove of classified Chinese documents reveals instructions on how to prevent escapes and maintain secrecy about the system, journalists' group says

## UK ##
Three Britons brought back from Sierra Leone over Ebola-like virus
'Disastrous' shortcomings in Home Office's settled status scheme will leave 'at least hundreds' of homeless EU nationals undocumented, say lawyers and NGOs
Moody's cut Ford's rating to Ba1, the agency's highest junk-bond rating, on Sept. 19, finding that Ford's debt has what the agency's ratings scale calls "speculative elements.″
Either way, "economic ruin" is assured. Plan accordingly. -- RF

And finally...

Sunday, November 24, 2019


News Links, November 25, 2019

Negative Interest Rates Bite: Bundesbank Warns of Risks to Financial Stability, Moody's Downgrades Outlook for German Banks
Yield-starved banks expanded lending to "relatively high-risk businesses" and to the property sector, as the Bundesbank considers house prices in many cities overvalued by 15% to 30%.
Japan's ruling bloc calls for $92 billion fiscal package to support growth

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump's New Policy on Israeli Settlements Is Illegal & Self-Serving (Marjorie Cohn)
This pandering at the expense of the Palestinians is designed to burnish the president's bona fides with his Christian Zionist base.
There has been a low turnout at demonstrations and some protesters acknowledged being exhausted by dysfunctional public transportation, lack of power and water and crippling hyperinflation.
Because Trump administration sanctions are aimed making life as miserable as possible for Venezuelans, this indicates that they have ironically backfired. -- RF

## Energy/resources ##
• Shale drilling bust/junk energy
Has U.S. Shale Seen Its Profits Peak?
For the U.S. shale industry, the third quarter was more of the same: new record highs in oil production, but another quarter of negative cash flow.

## Intelligence/security/internet/cyberwar ##
Elizabeth Warren Endorses Trump's Economic War on Venezuela, Soft-Pedals Far-Right Bolivia Coup
The Democratic contender parroted neocon regime-change myths in an interview on "Pod Save America."
In Reversal, Seoul to Keep Japan Military Intelligence Pact
Russia Exposes Operational Details on Several Israeli Strikes in Syria
Reveals Israel used Jordanian airspace to attack Damascus
Advancing Propaganda For Evil Agendas Is The Same As Perpetrating Them Yourself (about The Guardian's sudden attitude change on Julian Assange)
Doctors Petition UK Home Secretary Over Julian Assange
Doctors from around the world have written an open letter to the UK home secretary about the plight of the WikiLeaks' publisher in London's Belmarsh prison.
## Propaganda/censorship/fake news/alternative facts ##
The Pitfalls of a Pit Bull Russophobe
Like so many other glib "Russia experts" with access to Establishment media, Fiona Hill, who testified Thursday in the impeachment probe, seems three decades out of date.

## Japan ##

## China ##

## US ##
The Hollowing Out of America
Here is hollowed-out America, an economy of ever-greater financial wealth piling up in the hands of the few while tens of millions of wage-earners can't afford what was available to everyone, even the working class, in previous eras.
Putting Monetization Into Perspective. Or "When It Becomes Serious, You Have To Lie"
With government debt (and unfunded liabilities) skyrocketing and the under 20 year-old population continuing to decline as fertility rates hit record lows...a parabolic move is underway as ever more debt is piled up against ever fewer young.
For some bizarre reason, The New York Times asked Paul Wolfowitz to write about U.S. foreign policy in the Middle East.

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