Thursday, May 21, 2020

 

News Links, May 22, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Coronavirus Impact On Business: Coca-Cola CEO Says Lockdown Effects On Global Economy Just Beginning

## Cut, baby, cut! ##
Victoria's Secret to close about 250 stores in the U.S. and Canada, Bath & Body Works to close 50
Canada Goose lays off 125 workers: WSJ

## War on cash/cashless society/cryptocurrencies ##
Central Bank Digital Currencies On the Way
But the push for digital currencies is also nefarious. Once cash is banned, governments can and will track every penny of every person 100% of the time.

## Airline death spiral ##
Lufthansa in advanced talks for state rescue deal worth about $10 billion

## Fault lines/flashpoints/powder kegs/military/war drums ##
Venezuela armed forces to escort Iranian tankers bringing needed fuel

## Energy/resources ##
And nearly all people — even many proponents of a renewables-only society — believe that we can have our cake and eat it, too, i.e., that renewables will support our current extravagant, growth-based economy. Consequently, the whole endeavor will end in tears, not to mention a lot of human suffering and death. -- RF
Conservationists and bird researchers have mostly blamed human development -- and the habitat loss and pollution that comes with it -- for the decline, but the latest research, published this week in the journal Biological Conservation, suggests illegal hunting has made things worse.
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Assange Extradition: UK Minister Who Approved Trump's Request to Extradite Assange Spoke at Secretive US Conferences with People Calling for Him to be 'Neutralized'
Britain's former home secretary attended "starlight chats" and "after-dinner cocktails" in off-the-record conferences involving high-level U.S. military and intelligence figures.
Why Trump needs to obscure his Saudi arms sales
As I've noted previously, the Western criticism of China arises from China's economic challenge and its refusal to take orders from the US. But Chinese-style social control is actually considered a goal to strive toward. -- RF
The irony is overpowering. -- RF

## Systemic breakdown/collapse/unsustainability ##
US Birth Rate Falls To 35-Year Low, Shifting Attitudes Toward Motherhood Could Be Cause
That could be a cause, but birth/fertility rates are plunging in many countries. Almost all of them are industrialized developed countries (see here ), and what they have in common is that their societies require a great deal of energy to raise children. Hence net energy decline is the main driver. -- RF

## US ##
Entrenched racism is one of the forces tearing America apart. -- RF
Biden: Criticism of Israel Is Not Anti-Semitism, Unless It Comes From the Left
The presidential nominee affirmed his "unshakable" commitment to Israel during an online fundraiser by former US ambassador to Israel Dan Shapiro.
• Coronavirus

And finally...




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