Tuesday, May 19, 2020

 

News Links, May 20, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
New car registrations in Europe fall 76% in April as coronavirus lockdowns hit sales
Long-lasting global recession likely due to COVID-19, says World Economic Forum report
America's Zombie Companies Are Multiplying and Fueling New Risks
'All my dreams are shattered': coronavirus crushes Asia's garment industry
Australia faces 'unprecedented' economic hit from coronavirus: RBA minutes
Coronavirus rental hardship 'kicked down the road' to spring of 'carnage'
Russian Economy Shrank by Quarter in April, Early Data Shows
Canadian Home Sales See Worst April Since 1984, Montreal And Toronto Lead Lower

## War on cash/cashless society/cryptocurrencies ##
Cashless Society 2020: How Banks Mint Money and What's Restraining Digital Currency

## Airline death spiral ##
Delta will add flights to keep planes no more than 60% full as demand rises - sources
The global industry's main group IATA has said that airlines will not be able to make a profit if they limit airplanes to two-thirds of their normal capacity, unless they drastically increased airfares.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan Report Claims Sovereignty over Isles Disputed with Russia

## Global unrest/mob rule/angry people/torches and pitchforks ##
Police: Man angry about virus closure attacks 2 with machete

## Energy/resources ##
Dramatic reductions in the cost of wind and solar have led to optimism that they can be primary contributors to low-carbon electricity grids. But there's an important obstacle to their profitability: revenue decline.
As with anything else, the "solutions" present costs of their own. -- RF
The Oil Rally Is Running On Fumes
Latin America Braces for Major Spike in COVID-19 Cases
Many Latin American countries have been hollowed out after decades of neoliberal "reforms," leaving them weaker than ever.

## Intelligence/security/internet/cyberwar ##
Booz Allen Hamilton wins massive Pentagon artificial intelligence contract

## Propaganda/censorship/fake news/alternative facts ##
How the New York Times Enhances Trump's Propaganda

## Systemic breakdown/collapse/unsustainability ##
The American Empire Is in Decline. Time for a New Economic System
Our Fate Is Sealed, Vaccines Won't Matter: Four Long Cycles Align
A Covid-19 vaccine, or lack thereof, will have zero effect in terms of reversing these cycles. Call it Fate, call it karma, call it what you will, but the cycles have aligned and nothing can stop the unraveling of all that was foolishly presumed to be permanent.
China's Facing a Fall Armyworm Invasion. It Needs New Weapons to Win
The ravenous, pesticide-resistant insects have spread across Africa and Asia over the past four years. Turning the tide will take new technologies and tactics.
Xi Vows China Will Share Vaccine and Gives WHO Full Backing
During the Last Financial Crisis, Even Ecommerce Sales Plunged. Not This Time
Ecommerce Spiked to Record. Mall Stores Got Hung Out to Dry. Walmart's Online Sales, Still Woefully Behind, Shot Up 74%
The Dem's $3 Trillion Dollar HEROES Act Can Not Brace Us for the Coming Shock
As the Trump show continues and each side of the political aisle takes aim at each other, the economy's freefall is quickly reaching catastrophic levels.
• Coronavirus

And finally...




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