Friday, February 28, 2020


News Links, February 29, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global downturn looms as countries struggle to contain coronavirus outbreak
"Hundreds Of Millions Of Dollars Lost" As Shipping Rates Collapse Due To "Hugely Disruptive" Virus
World stocks set for worst weekly slump since 2008 as pandemic fears intensify
World prepares for coronavirus pandemic; global recession forecast
Facebook cancels developer conference as tech companies respond to virus
Vietnam lured factories during trade war, but now faces big hit as parts from China stop flowing

## Cut, baby, cut! ##
Fiat Chrysler Cuts 1,500 Jobs At Its Windsor Minivan Plant

## War on cash/cashless society/cryptocurrencies ##
Bitcoin Has Crashed—Now What?

## Airline death spiral ##
Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low
The airlines are still flying deeper into turbulence.
Airplanes spread diseases quickly – so maybe unvaccinated people shouldn't be allowed to fly
It's hard to conceive a more efficient way to spread infectious disease.
Airlines at center of storm as coronavirus spreads
United Airlines suspends some Asia flights due to coronavirus

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Pentagon Is Working on a Nuclear Thermal Rocket
Putting nuclear reactors in space near the Earth sounds insane to me (no matter which governments do it). -- RF
2,500 US Troops Now Stationed in Saudi Arabia to 'Deter' Iran
US presence was long used as recruiting tool by al-Qaeda
Elon Musk: 'Radical Innovation' Needed To Beat China Militarily
"The fighter jet era has passed," says Musk. The future, he averred, is "autonomous drone warfare."

Who would have thought? -- RF

• Coronavirus

## Intelligence/security/internet/cyberwar ##
Firefox turns controversial new encryption on by default in the US
Is your mugshot on social media? Better read this. -- RF

## Julian Assange ##
Store shelves stripped of toilet paper amid coronavirus fears
I just visited a large supermarket. Of course they have no masks — they haven't had any for several weeks. But now items like wet tissue, toilet paper, and facial tissue are also sold out. Signs above the gaping empty shelves limit each customer to one item. -- RF

## China ##
New Chinese billionaires outpace US by three to one: Hurun

Thursday, February 27, 2020


News Links, February 28, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Epic Construction Downturn Grips Australia
The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero
Europe tries to stem coronavirus panic and keep borders open
In Lebanon, default is 'virtually certain' after stark credit downgrades
In first public results, Branson's Virgin Galactic posts $73 million quarterly loss

## War on cash/cashless society/cryptocurrencies ##
BOJ's Amamiya calls for more scrutiny in issuing digital currency

## Airline death spiral ##
Pentagon considers 'scaling back' exercises due to coronavirus
The USS Colorado (SSN 788), a nuclear-powered US Navy Virginia-class attack submarine, was recently photographed with large sections of its stealth coating, known as anechoic coating, missing on its starboard side.
At Least 22 Turkish Soldiers Killed In Russian Airstrike; Erdogan Holds Emergency Meeting

## Global unrest/mob rule/angry people/torches and pitchforks ##
New rail blockades in Canada emerge as talks continue

## Energy/resources ##
Australian grid struggles with renewables boom: report
Shale Decline Inevitable As Oil Prices Crash
• Coronavirus
Coronavirus could lead to drug shortages in US
About 90% of generics made in the U.S. require components from China.

## Julian Assange
As Assange's trial begins, his lawyers highlight risk of extradition with CIA spying operation's 'extreme measures'
Assange's lawyers pointed to CIA surveillance by a Sheldon Adelson-backed private contractor and the Trump administration's public contempt for the defendant as evidence that the Wikileaks founder would face grave risks if extradited.

Mask makers distance themselves from Abe's coronavirus guarantee
The government and manufacturers of face masks have seemingly failed in their response to the coronavirus outbreak, fueling concern that shortages of such items will continue for some time and leading to frantic searches by many people for stores that still have supplies.

Government must 'go big or go home' to tackle widening regional inequality in UK, report warns
Independent inquiry claims UK is now the most unequal large country in the developed world

Tuesday, February 25, 2020


News Links, February 26, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister

## Cut, baby, cut! ##
Expedia cutting 3,000 jobs following 'disappointing' year

## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Group of senators sponsor bill to return US to Iran nuclear deal

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests in Chile hit LatAm's biggest music festival
• Coronavirus

## Intelligence/security/internet/cyberwar ##
The 66-year-old "appeared to have suffered a single, self-inflicted gunshot wound," the Amador County Sheriff's Office said.
The West Can't Even Agree on Itself, Much Less China
At the Munich Security Conference, allies argued with each other as much as their adversaries, rejecting Trump administration views on issue after issue.
• Julian Assange
I feel for Harry Dunn's family. But these are two separate cases to be decided on their respective merits. A trade or any other political deal which involves the two should be out of the question. -- RF
Assange Extradition Hearing Opens with Scathing Condemnation by Mainstream Media
The extradition trial of Julian Assange began with the prosecution reading out a damning statement from five leading mainstream media  organizations that once partnered with Wikileaks.

## Propaganda/censorship/fake news/alternative facts ##
Critical Thinking Has Never Been More Important

## Japan ##
Honda, Nissan Put Off Reopening of China Plants
It will also be a good thing for wildlife. -- RF
It's an excellent idea. The path to peace begins with dialog, not with destructive sanctions and hateful rhetoric. -- RF

Sunday, February 23, 2020


News Links, February 24, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##

## Airline death spiral ##
So That's the End for Air Italy. And More Airline Money-Pits
Throwing good money after bad as a business model.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Centcom Asks For More Drones, Money To Build Up Base In Oman
The request is more evidence that the military, despite promises to draw down in the Middle East, continues to build up capacity in the region. 
Italian dock workers refuse to resupply Saudi 'weapons' ship
Italian dock workers have refused to load electricity generators onto a notorious Saudi cargo ship suspected of carrying arms to be used in the war in Yemen.
Turkey Kills Over 50 Syrian Troops
Russian Warplanes Intervene to Halt Offensive Against Syrian Forces
Putin keen to cool Turkish hawk down
Idlib is Erdogan's last stand, but the fighting goes way beyond Syria - it's shaping as another NATO-Russia proxy war

## Global unrest/mob rule/angry people/torches and pitchforks ##
As Media Amplifies Unrest in Venezuela and Beyond, Millions Are Quietly Revolting in Colombia
Despite protests of historic proportions fueled by anger over corruption and a brutal right-wing crackdown, the unrest in Colombia has garnered remarkably little international media attention compared to Venezuela.
Pipeline Protestors Are Still Blocking Railways in Canada, Paralyzing the Nation's Rail System
Kazakhstan detains around 200 opposition protesters in largest city

## Energy/resources ##
Colorado River Has Lost 1.5 Billion Tons of Water to the Climate Crisis, 'Severe Water Shortages' May Follow
U.S. Gasoline Prices Jump On Outages At Major Oil Refineries

## Got food? ##

Rare firestorm weather events are becoming the new normal (Australia)
As our country heats up, pyrocumulonimbus firestorms are becoming an increasingly frequent weather phenomenon
• Coronavirus
Moscow deploys facial recognition technology for coronavirus quarantine
Moscow is using facial recognition technology to ensure people ordered to remain at home or at their hotels under coronavirus quarantine do so, the mayor of the Russian capital said on Friday.
World is approaching coronavirus tipping point, experts say
The world is fast approaching a tipping point in the spread of the coronavirus, according to experts, who warn that the disease is outpacing efforts to contain it, after major outbreaks forced Italy and Iran to introduce stringent internal travel restrictions and South Korea's president placed the country on red alert.

## Intelligence/security/internet/cyberwar ##
DISA Data Breach Affected 200,000 People, Officials Confirm
Defense officials provided few details but said the affected systems have since been secured.
Turkey, US protect Al Qaeda in Idlib and worsen Syria's suffering (interview with Scott Ritter)
Why is Turkey, with US backing, protecting Al-Qaeda's largest affiliate in Idlib, Syria?

## Systemic breakdown/collapse/unsustainability ##
Italy Under the Coronavirus Attack: the Return of the Plague Spreaders
The children have no histories of traveling abroad. The prefectural government is investigating how they have got infected.
There's nothing unique about this behavior, in either the past or the present. -- RF

All-star economists urge Fed to use QE and 'new tools' to fight next recession — just move sooner and go bigger than crisis
Central banks should be humble about likely effectiveness of these tools

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