Tuesday, March 31, 2020


News Links, April 1, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions
Pandemic Pandemonium: The Tides of Globalization and Financialization Reverse
The shift into reverse was preordained, so the coronavirus is just accelerating the inevitable. -- RF
Virus slump expected to rival big recessions in history
Fiat Chrysler temporarily cuts pay by 20% for salaried workers amid coronavirus pandemic
Stay at home ... unless you're homeless (Australia)
Government faces fiscal reckoning as taxes collapse and spending soars (Australia)
Australia's AAA rating under a cloud as debt, deficit blow out
49 Percent Of U.S. Companies Expect Layoffs "In The Next Three Months" As Unemployment Heads To Great Depression Levels
Global M&A dwindles as coronavirus batters world's economies
World Bank forecasts growth to drastically slow amid pandemic
Coronavirus may cut global corporate tech spending 4.1% in 2020: survey
Analysis: Gold Price Should Be $8,900 (5x Higher) And Here Is Why
Coronavirus Sparks a Global Gold Rush
"There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide Lockdown
Estimates About the Collapse of Share Buybacks Emerge
"The leveraged share buyback game has ended, which also means an end to the phony earnings growth."

## Airline death spiral ##
Lufthansa puts 27,000 workers on short hours
American Airlines seeking up to $12 billion from aid package: memo
Airlines plan furloughs; Air New Zealand sees smaller carrier in a year
Airline workers might not be cut but in coronavirus travel collapse their paychecks will be smaller
Air Canada to temporarily lay off half its workforce
Coronavirus: Grounded planes and deserted airport terminals (UK)
British Airways suspending flights from London's Gatwick
U.S. airlines must suggest possible compensation for cash grants: Treasury

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Air Force's KC-46 tanker has another serious technical deficiency, and Boeing is stuck paying for it
Hungary's Parliament grants PM Viktor Orban ability to rule by decree
Coronavirus Is Rising Around US Military, Defense Infrastructure, Analysis Shows
The Govini assessment indicates that COVID-19 is about to hit military bases and manufacturing hubs in the southern and western United States.
COVID-19 spread on USS Roosevelt is 'ongoing and accelerating'
China is Willing to Negotiate on Nuclear Arms, But Not on Trump's Terms
US outlines plan for Venezuela transition, sanctions relief
IMF Conditions Emergency COVID-19 Loan to Venezuela on Regime Change
The IMF refused a COVID–19 emergency loan to Venezuela unless it agreed to overthrow President Maduro and installs the Washington-backed Juan Guaidó.
Trump's Narcoterrorism Indictment of Maduro Already Backfires
Biden's Foreign Policy Team Hints at War with China, Conflict with Russia
An analysis by the Brookings Institute based on interviews with Biden's foreign policy teams hints at a foreign policy that closely mirrors that of the Pentagon under President Trump.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis
Italy sets aside €400m for food vouchers as social unrest mounts
Pandemic-Related Unemployment and Shutdowns Are a Recipe for Social Unrest
That's a huge concern as forecasters expect the U.S. unemployment rate in the months to come to surpass that seen during the depths of the Great Depression.

## Energy/resources ##
The Inevitable Collapse Of Global Oil Production
Global oil demand could fall around a third next month - Trafigura
Shale gas is only good for plastics, not transportation fuels

## Got food? ##
Revealed: Monsanto predicted crop system would damage US farms
Internal documents describe how to profit from farmer losses and desire to oppose some independent testing
Demand explodes for New York food banks
New York food banks have become inundated with newcomers deprived of income since the near-total halt of business in the United States' economic capital.

## Environment/health ##
Antarctica experiences first known heat wave

• Coronavirus
Ecuador struggles to collect the dead as coronavirus spreads
Australia's coronavirus infection rate shows sustained slowdown
S.Africa to rollout mass screening for coronavirus: president
Police patrol streets as Zimbabwe begins coronavirus lockdown
US and China set aside coronavirus differences and pledge to work together
South Korea puts off school opening again, will turn to online
Mexico declares health emergency as coronavirus death toll rises
Is 6 feet enough for social distancing? An MIT researcher says droplets carrying coronavirus can travel up to 27 feet.
Coronavirus: Fearing 'humanitarian disaster' US Senators call for renewed US aid to Palestine
Iran virus cases top 40,000
U.S. massively expanding hospitals as coronavirus death toll surpasses China's
U.S. Virus Cases Are Off The Scale - But Its People Can Build A Movement From This

## Intelligence/security/internet/cyberwar ##
Suspending the Constitution: Police State Uses Crises to Expand Its Lockdown Powers

## Japan ##
Calls grow for Japan to declare state of emergency over coronavirus
Abe, Suga flatly deny a state of emergency is imminent
Japan advises against travel to 49 more nations, including U.S.
Line survey finds 7% of users in Tokyo have at least one coronavirus symptom
Use of New Japanese Visa Status Stalling
Utilization of Japan's new visa status for foreign workers with certain skills is stalling, after its introduction in April last year to alleviate labor shortages in the country.
5 Japan Automakers Log Record Falls in Feb. Output in China
New problem at Fukushima site; sandbags found to be radioactive
TEPCO puts cost to remove melted nuclear fuel at over 1 trillion yen
Tokyo lockdown would have 'huge' impact on economy
Coronavirus question mark still hangs over Tokyo Olympics in 2021
Japan's factory output slows, plunge seen as virus grips economy
Private-sector advisers to Abe call for massive economic stimulus measures

## China ##
China manufacturing economy bounces back strongly after lockdown
Strong recovery comes amid fears of a second economic hit, with demand set to collapse in export markets under coronavirus lockdown
Coronavirus crisis a chance for China 'to refocus on food security'
China Starts Publishing Data On "Asymptomatic" Cases As Fears Of 'Second Wave' Grow
China Shuts Down All Cinemas, As Scientists Fear Second Coronavirus Wave

## UK ##
Britain names new MI5 chief: the spy who investigated 2018 Novichok attack
Thousands of rough sleepers still unhoused in England, say charities
Coronavirus: British Airways suspends all Gatwick flights
Coronavirus: Airport handlers at risk of collapse
UK debt office ramps up gilt sales to fund coronavirus spending surge
Gold flows help UK current account, but economy flatlined in late 2019
UK coronavirus death toll shocking, not known when peak will be - Gove

## US ##
Unemployment could top 32% as 47M workers are laid off amid coronavirus: St. Louis Fed
From bartering to begging for relief, struggling Americans confront April rent
How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions
US consumer confidence sinks as virus begins having impact
• Coronavirus
Hospitals Firing Doctors Who Talk To The Press
New Mexico's governor warns tribal nations could be 'wiped out' by coronavirus
U.S. coronavirus deaths reach 3,393, exceeding death toll in China: Reuters tally
Photos of the field hospital being built in New York's Central Park
'It's just impossible': tracing contacts takes backseat as virus spreads
N.Y. coronavirus cases pass 75,000; firefighter among dead in N.J.

Monday, March 30, 2020


News Links, March 31, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Coronavirus: Rich Nordic economies are in deep shock following 660,000 job losses
Nordic Nations Tell Investment Bank to Lend at Maximum Level
Toyota says most Europe plants won't restart until April 20 at earliest
Gold going to $3,000 as U.S. deficit rises sharply as a percentage of GDP
Gold Bar Shortage Deepens: Credit Suisse Tell Clients "Do Not Bother Asking"
The economic and monetary conditions are perfect for gold
Interest rates at zero, record deficit spending and the Federal Reserve's quantitative easing with no preset limits is the perfect environment for gold

## Airline death spiral ##
Consolidating flights to US cities could help stem airline industry losses as coronavirus dampens demand, executives say
U.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC.
Major airlines urge U.S. Treasury to disburse assistance quickly
EasyJet grounds fleet, furloughs cabin crew for two months

## Fault lines/flashpoints/powder kegs/military/war drums ##
North Korea says it tested 'super-large' rocket launcher
Kremlin Fights U.S. Sanctions, Backs Maduro in Rosneft Deal
US Repositions Troops in Iraq, Preparing for Fight Against Iran
As coronavirus cases explode in Iran, U.S. sanctions hinder its access to drugs and medical equipment
COVID-19 Drives Command Teams Charged With Homeland Defense Into Cheyenne Mountain Bunker
An outbreak on a Navy warship — and an ominous sign of a readiness crisis
'Space Fence' radar operational, tracks objects as small as 10 centimeters
Venezuela's Guaido Urges Military, Others Back Him in Ousting Maduro

## Migrants/refugees ##
India advises states to curtail mass migration amid lockdown

## Global unrest/mob rule/angry people/torches and pitchforks ##
In the US, Luxury Brands Board Up the Store
But in New York... a number of elegant luxury boutiques, including Fendi, Celine and Chanel, did not just shutter storefronts this week; they had them boarded up with vast sheets of plywood, as if in anticipation of riots and civil disobedience, similar to how they react to European protests.

## Energy/resources ##
Exxon May Crush Bailout Hopes for Suffering Fracking Companies
China Produces Record Amount Of "Fire Ice"
Gas hydrates, like shale oil, are a sign of energy desperation. Both are junk energy that no one would think of extracting in better times. Energy yields are low and extraction is environmentally damaging. Chasing after junk energy is another sign that industrial civilization is on the downhill slope. -- RF
U.S. Solar Industry Wants Government Bailout As Bankruptcies Loom
Coronavirus Could Crush US Coal Industry
A barrel of oil is now cheaper than a pint of beer in Canada
Trump, Putin Will Discuss The End Of U.S. Shale Oil

## Got food? ##
A food crisis looms as coronavirus forces farms to stay idle and countries hoard supplies

## Environment/health ##
Think Exotic Animals Are to Blame for the Coronavirus? Think Again.
Scientists have fingered bats and pangolins as potential sources of the virus, but the real blame lies elsewhere—with human assaults on the environment.
Puts the problem in a whole different perspective. Like maybe, just maybe, humans are taking over too much of the planet. -- RF
Air pollution causes around 400,000 premature deaths each year in Europe, EEA data show.
• Coronavirus

Question Everything (Liberty Blitzkrieg)

## Systemic breakdown/collapse/unsustainability ##
COVID-19: World Suffering Less from Coronavirus Crisis & More from an America Crisis

## Japan ##
Coronavirus: UK could stay in partial lockdown for six months, senior medical officer says

## US ##
U.S. stimulus package is biggest ever, but may not be big enough
What Happens as State and Local Tax Revenues Crater?
The gravy train of state and local government spending has just been derailed.
• Coronavirus

Sunday, March 29, 2020


News Links, March 30, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF's Georgieva says world in recession, countries must 'go big' on spending

## Airline death spiral ##
Flying low: The battle over Tokyo's airspace
Haneda Airport's new flight paths commence despite concerns from aviation experts and public opposition
All eyes are on China to see how air transport will change in the aftermath of the crisis.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Navy sailing into 'choppy waters' after virus strikes carrier, retired admiral warns
With a Quarter of the World's Population Under US Sanctions, Countries Appeal to UN to Intervene
Eight countries, representing around one-quarter of all humanity, say that Washington's actions are undermining their response to the COVID–19 pandemic sweeping the planet.

## Migrants/refugees ##
'Just one case': fears coronavirus may spread like wildfire in world's refugee camps

## Global unrest/mob rule/angry people/torches and pitchforks ##
West Faces "Social Bomb" As Pandemic Sparks Unrest Among Poorest

## Energy/resources ##
Natural Gas Prices Could Double Next Year
Unprofitable drilling, a global recession and dwindling access to capital could lead to a decline in U.S. natural gas production this year and next.

• Coronavirus
Researchers from the United States, Britain and Australia looked at piles of data released by scientists around the world for clues about the virus' evolutionary past, and found it might have made the jump from animal to humans long before the first detection in the central China city of Wuhan.

## Intelligence/security/internet/cyberwar ##
Microsoft to divest AnyVision stake, end face recognition investing
Like a shot ricocheting at Heaven's Door, Bob Dylan has released a masterpiece dissecting JFK's assassination
Trump admin's $15 million bounty on Maduro triggers explosive confession of violent Guaidó plot
The Trump administration's deception-laden indictment of President Nicolas Maduro and members of his inner circle has badly backfired, resulting in the exposure of a violent assassination plan that could lead to the arrest of coup leader Juan Guaidó.

## Systemic breakdown/collapse/unsustainability ##
The New (Forced) Frugality
There are only two ways to survive a decline in income and net worth: slash expenses or default on debt.

## Japan ##
China defends against incoming second wave of coronavirus
China Banned Eating Wild Animals Amid COVID-19. What Happens Now?
China's vast wildlife trade involves millions of people — and tens of millions of animals. Authorities are still working out how to deal with them.

## US ##
Through bailouts for the executives of corporations and institutions whose coffers have been emptied for their own personal enrichment, a corporate kleptocracy is having its class power secured. And through token payments and pandemic profiteering for the masses, the American precariat is being deepened and broadened to solidify its place as desperate and expendable.
The next financial crisis: A collapse of the mortgage system
The mortgage finance system could collapse if the Fed doesn't step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic.
"The Industry Has Never Experienced Anything Like This Before": 3% Of All Restaurants Have Already Closed Permanently
• Coronavirus

Friday, March 27, 2020


News Links, March 28, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Tens of millions face losing jobs in escalating coronavirus crisis
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Ford Becomes Largest Fallen Angel After S&P's Cut to Junk
Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion
Get Ready for World Money (SDRs)

## Airline death spiral ##
American Airlines flight attendant dies of coronavirus, elevating fears in the industry
World's ailing airlines appeal for aid as U.S. offers $58 billion
U.S. airlines to dash for cash grants, not loans, even with potential government stake
Singapore Airlines latest to get massive rescue amid coronavirus crisis
Cash-strapped airlines resist mounting coronavirus refund claims
Gatwick airport to shut one of its two terminals as coronavirus hits demand to fly
United Airlines warns aid isn't enough to avoid workforce cuts
The Airlines Most in Danger of Going Under During the Crisis

## Fault lines/flashpoints/powder kegs/military/war drums ##
Canada attacks 'damaging' Trump plan to deploy troops at border
U.S. cuts humanitarian aid to Yemen
US Imposes More New Sanctions Against Iran
Poll: Only 3% of Venezuelans Say Guaido Is President
Short On Pilots, Marines Debate Size Of F-35 Fleet
It's official: North Macedonia becomes NATO's 30th member
Gordon Brown calls for global government to tackle coronavirus

## Global unrest/mob rule/angry people/torches and pitchforks ##
Coronavirus: Activists launch 'digital protest' to end US sanctions on Iran
Fighting erupts at Chinese bridge between Hubei, Jiangxi provinces

## Energy/resources ##
The Energy Disaster Kicking Into Full Gear: World Is Totally Unprepared For What's Ahead
Iraq Wants 30% Capex Cut From Foreign Oil Firms

## Got food? ##
U.S. egg prices hit record levels as pandemic buying boosts demand
UN warns of global food shortage caused by coronavirus measures: report
Agriculture sector warns of possible food shortages if it's not designated an essential service (Canada)
Retail flour supplies run low as consumers turn to home baking

## Environment/health ##
Acupuncture may help prevent migraines, trial shows
Donald Trump says the handshake may not survive coronavirus. Doctors hope he's right, calling it 'a potential root' for spreading germs.
Bumping elbows is better but still involves physical contact. I recommend adopting the Japanese practice of bowing. -- RF
Abandoned mines in the West pose safety, environmental hazards
Scientists discover plastic-eating microbe
• Coronavirus
U.N. says world losing coronavirus fight; cases top 500,000
COVID-19 tough on lungs, can cause difficult-to-treat pneumonia
New York hospitals treating coronavirus patients with vitamin C
Coronavirus cases reported at 13 of Amazon's U.S. warehouses
Trump says the US and China are 'working closely together' in fight against coronavirus
Singapore will jail and fine people who do not keep a 1-meter physical distance in public
France extends lockdown to April 15 as coronavirus wave swamps Paris
Why France is hiding a cheap and tested virus cure
The French government is arguably helping Big Pharma profit from the Covid-19 pandemic
Mother to baby transmission of COVID-19 cannot be ruled out, new study finds
Carmakers churn out machines, masks to help fight coronavirus
Kremlin Confirms First Coronavirus Infection in Putin's Administration
Four dead on Carnival-owned cruise ship amid new coronavirus outbreak aboard
Spain acts to prevent layoffs as rising coronavirus death toll stabilises
The Eye of the Storm
With Italy reeling from the COVID-19 pandemic and 60 million people across the nation ordered to remain indoors, a documentary photographer ventured out to record the quiet desolation of a modern plague.

## Intelligence/security/internet/cyberwar ##
Coronavirus Could Infect Privacy And Civil Liberties Forever

## Systemic breakdown/collapse/unsustainability ##
What Can Collapsologists Learn From the Coronavirus Disaster?
Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?
COVID-19: We Won't Go Back to Normal, Because Normal Was the Problem

## Japan ##
Panic buying continues in Tokyo as residents asked to stay home for weekend
92 from Chicago let in at Narita airport without being asked to self-isolate
Man arrested for delaying flight by saying he has coronavirus
Mortuary services uneasy over funerals, cremations for Covid-19 victims
Plea to the public to stop hoarding as food stocks secured
Tokyo governor says people can enjoy cherry blossoms next year

## China ##
Xi calls for coordinated response to coronavirus at G-20 meeting
Foreigners Collateral Damage as China Curbs Imported Infections
China's industrial firms' profits plummeted almost 40 per cent at start of 2020
China's small businesses increasingly desperate to raise cash to stay afloat
Chinese Oil Giant Is Slashing Spending

## UK ##
UK Prime Minister Boris Johnson and health minister test positive for coronavirus
Food rationing 'could be on its way unless everyone stops panic buying'
Royal Navy monitoring 'unusually high levels of activity' by Russian warships in English Channel
UK police record 51% rise in modern slavery offences in a year
UK faces child poverty crisis, say charities
UK car production to hit lowest level since financial crisis
Coronavirus: UK police forces to set up random checkpoints to limit drivers' movements
Coronavirus ventilators will not be ready for months despite epidemic peak being 'weeks away', UK government admits
Gatwick to shut terminal and slash runway opening hours
More than 100 British companies halt dividend payments due to coronavirus pandemic

## US ##
Food Banks Are Experiencing Shortages Due to Coronavirus
Tesla to slash on-site staff at Nevada factory by 75% due to virus: county manager
Record Jobless Claims Are Overwhelming States' Aging Tech
'Lot of fear': Coronavirus pandemic compounds dire situation for poor Americans
President Trump signs $2T coronavirus relief bill
Fictional Reserve Lending Is the New Official Policy
US consumer sentiment falls to lowest level in more than 3 years
You Know Times are Scary When the FDIC is Producing Videos Like This
• Coronavirus
Top CDC official warns New York's coronavirus outbreak is just a preview
Coronavirus Trend: One in 10 of Those Hospitalized Die
Trump Blames GM for "Stupidly" Causing Ventilator Shortage
New Jersey officials planning for possibility of rationing ventilators
New York, New Orleans hospitals reel as U.S. coronavirus death toll tops 1,000
One ventilator, two patients: New York hospitals shift to crisis mode
'On-the-job emergency training': Hospitals may run low on staff to run ventilators for coronavirus patients
Cuomo orders schools to remain closed as N.Y. caseload soars past 44,000
U.S. mayors say they're running out of supplies to fight coronavirus
U.S. home healthcare industry warns of possible 'collapse'

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