Wednesday, March 25, 2020

 

News Links, March 26, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Coronavirus pandemic battering global economy: surveys
U.S. automakers to extend shutdown into April: sources
New Currency Crisis Dawns: Mexican Peso Plunges to Record Low Against the Dollar
Asian economies may ride out the coronavirus crisis better than the West, analysts say
Coronavirus crisis will burden economy for 'years to come,' OECD chief says
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
Largest Collapse in Eurozone Business Activity Ever
The Euro Won't Survive This Crisis
Peter Schiff: Coronavirus Is Exposing the Truth About the Economy
Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout
During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.
World's Rich 'Desperate' for Gold With Metal in Short Supply

## Cut, baby, cut! ##
Thyssenkrupp to cut 3,000 jobs at steel unit by 2026

## Airline death spiral ##
Coronavirus: No extra help for airlines, chancellor says (UK)
London City Airport to close until end of April
How coronavirus caused major airlines to cut routes and call for government relief
Unprecedented Collapse: US Airline Traffic Currently Just 10% Of Normal

## Fault lines/flashpoints/powder kegs/military/war drums ##
Despite fears the three sailors could have infected dozens of others, "we are not in a position right now to have to pull that ship in or to take that ship off the front lines," Chief of Naval Operations Adm. Michael Gilday told reporters at the Pentagon.
North Macedonia expected to join NATO within days
Like Previous Pandemics, Covid-19 Will Shape the Fates of Nations
China will emerge from the coronavirus crisis stronger than the U.S., experts warn
US Navy launches live-fire missiles in 'warning to China'
Large-scale exercise in Arizona deemed mission essential by top Marine canceled over COVID-19
Navy postpones Large Scale Exercise 2020 in response to COVID-19
Netanyahoo's Corona Coup

## Migrants/refugees ##
"Tinderbox For Spread": UN Braces For Covid-19 Carnage In Refugee Camps

## Energy/resources ##
Cesium - The Most Important Metal You've Never Heard Of
The metal is Cesium, and it's quite possible you've never even heard of it--yet, global dominance, which depends on technological superiority, can't happen without it.
Occidental Petroleum cuts CEO, staff pay to combat falling oil prices
The Permian Boom Is Going Bust

## Got food? ##
Potato industry scrambles to meet surging consumer demand

## Environment/health ##
Coronavirus redraws battle lines on airline emissions
New Player Begins Clearing Rainforest for World's Largest Palm Oil Plantation
• Coronavirus
Singapore says it will make its contact tracing tech freely available to developers
Coronavirus: Are US sanctions hurting Iran's response to the pandemic?
If one assumes that the intent is to kill off as many Iranians as possible, it all makes sense. -- RF
Coronavirus: Toronto hospitals begin rationing protective gear as COVID-19 crisis deepens
UK struggling with coronavirus tests amid global shortage
Latest on the spread of the coronavirus around the world
Here's What A Lockdown Of India's 1.3 Billion People Looks Like

## Intelligence/security/internet/cyberwar ##
'Selfie app' to keep track of quarantined Poles
Working from home? Switch off Amazon's Alexa (say lawyers)
The Staggering Collapse of U.S. Intelligence on the Coronavirus
An agency tasked with tracking future bio threats fell down on the job, causing us to wonder what else we don't know.
Scientists unveil smaller, more powerful brain-machine interface
Assange Bail Application Today

## Propaganda/censorship/fake news/alternative facts ##
Media Struggle to Defend Washington's Cruelty Toward Venezuela and Iran as Coronavirus Spreads

## Systemic breakdown/collapse/unsustainability ##
The Impossible Challenge Of Powering An Ever-Growing Population

## Japan ##
Stop the clock: Japan awakes to reality of Tokyo Games postponement
China says Tokyo Olympics delay shows responsible attitude to health, security
In Japan, hotels lose out on Olympic delay and coronavirus
80% of Diamond Princess coronavirus patients had mild or no symptoms
Tokyo now the hot spot for virus infections with 171 cases
Tokyo could be put on coronavirus lockdown, governor says
Japanese hotel bookings suffer 90 percent drop over coronavirus: survey
Japan considers one-year grace period for corporate taxpayers hit by virus
Japan's QE On Verge Of Failure As Nobody Wants To Sell To The BOJ

## China ##
China's Positive Test Results in 'Recovered' COVID-19 Patients Explained
Coronavirus: More stranded citizens to be flown home from China as top microbiologist urges Hong Kong-wide curfew

## UK ##
UK calls for 250,000 volunteers as virus deaths surge
Coronavirus: The newly jobless struggle to claim benefits
UK supermarkets take steps to prevent panic buying and shortages
Britain asks it citizens to help pick fruit and vegetables

## US ##
What Are All the Fed's Corporate & Investor Bailout Programs and SPVs? Here's the Whole Shitload of Them
Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the losses.
Share Buybacks Are Toast for 2020: Oops, that was the $4.6 Trillion Driver of the Stock-Market-Bubble
Commission recommends women be required to register for military draft
The New Federal Reserve as Garbage Can for All Capitalist Debt
Coronavirus May Deliver Coup de Grace to Overrated Commercial Mortgage-Backed Securities (CMBS)
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.
Hoarding during coronavirus: Not much has changed since WWII
Summer in March: Record heat to scorch South this week
Layoffs and food lines: How the pandemic slams the poorest U.S. workers
California sees 1 million unemployment claims in less than two weeks
Retail Grinds to a Halt as 47,000 Stores Close
US Output Drops at Fastest Rate in a Decade
Los Angeles Mayor Shutting Off Water and Power For 'Non-Essential' Businesses That Haven't Closed
FDIC asks Americans to keep their money in the banks
Four Mortgage REITs Collapse After Chaos Hit Markets for Residential & Commercial Mortgage-Backed Securities
• Coronavirus
On the front lines of coronavirus outbreak, medical workers fear rationing of masks will heighten risks
Rationing of COVID-19 tests leaves some patients stranded in hospital discharge 'limbo'
All 94 residents of New Jersey nursing home presumed positive for coronavirus
As coronavirus pandemic surges, hospitals prepare for grim possibility of 'ventilator triage'
New York, Hawaii and North Carolina ask FEMA for help handling coronavirus dead
Cuomo to Trump "You Pick the 26,000 Who Will Die"

And finally...
British vicar catches fire waiting for God's answer




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