Tuesday, June 30, 2020


News Links, July 1, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
UK economy shows biggest drop in 40 years in early 2020
South Korean birth rate world's lowest in struggle for balance: report
What Would It Take to Dethrone the Dollar?
The Theory Of MMT Falls Flat When Faced With Reality (Part I)
Covid-19 pandemic drags global M&A to lowest level since 2012
Gold Heads for 17% Gain In First Half 2020 and Biggest Quarterly Gain Since 2016
Social Credit Scores Are Already Here
People around the world are already being judged and denied access to financial services because of their social media data — and they don't even realize it.
Bolsonaro extends aid to Brazilians as jobs plummet, public debt soars
Mexico loses 12 million jobs, workers in informal sector grow
World Bank sees Thai economy shrinking by at least 5% this year
Peru giving up on virus measures in face of sinking economy

## Cut, baby, cut! ##
Commerzbank considers 7,000 more redundancies: BoeZ

## Airline death spiral ##
Norwegian Air cancels 97 Boeing planes, claims compensation
CDC chief blasts American Airlines for not blocking seats: 'We don't think it's the right message'
Airbus shedding 15,000 jobs, mostly in Europe
Boeing 737 MAX development marred by design, communications flaws - U.S. IG report
Air Canada to suspend flights on 30 domestic routes due to pandemic hit

## Fault lines/flashpoints/powder kegs/military/war drums ##
Israel: Fountain at Donald Trump Square turned blood-red in protest against annexation

## Energy/resources ##
Shell Warns Of Massive $22 Billion Write Down After Oil Crash

## Got food? ##
Aid Organization: Millions on 'Brink of Starvation' in Syria
Syrians face dire food shortages as harsh US sanctions impede reconstruction

## Environment/health ##
Small reductions in air pollution can reduce heart disease threat
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Trump used looted Venezuelan public money to build border wall with Mexico
Russiagate's Last Gasp (Ray McGovern)
One can read this most recent flurry of Russia, Russia, Russia paid the Taliban to kill GIs as an attempt to pre-empt the findings into Russiagate's origins.
The Escalating Crisis Over Iran's Nuclear Inspections (Scott Ritter)
An IAEA resolution based on questionable Israeli intelligence has sparked a crisis with Iran that could spin out of control.

## Propaganda/censorship/fake news/alternative facts ##
This Russia-Afghanistan Story Is Western Propaganda At Its Most Vile

Monday, June 29, 2020


News Links, June 30, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Cirque du Soleil files for bankruptcy protection as COVID-19 cancels shows

## Cut, baby, cut! ##
ExxonMobil Readies To Make Major Job Cuts

## Airline death spiral ##
Virgin Atlantic seeks up to £900m in rescue bid after coronavirus turbulence

## Fault lines/flashpoints/powder kegs/military/war drums ##
Armed Israeli Settlers Burn Hundreds of Olive Trees south of Nablus
US, NATO allies start anti-submarine warfare exercise Dynamic Mongoose
US could buy Turkey's Russian-made S-400 under Senate proposal
Soldiers in Europe could soon have a new system to disrupt signals
India moves air defense missiles to Chinese border

## Global unrest/mob rule/angry people/torches and pitchforks ##
Pro-nuclear energy protesters rally against Greenpeace in Paris
Not just Confederate statues: Indigenous activists want conquistadors, missionaries removed

## Energy/resources ##
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
New polymer easily captures gold extracted from e-waste

## Got food? ##
Facing crisis, Cuba calls on citizens to grow more of their own food
Cuba is a bellwether. Plant your victory garden and learn how to grow food now. -- RF
Deforestation and land-clearing are taking a toll on Brazil's corn yield

## Environment/health ##
Siberian Forest Fires Increase Fivefold in Week Since Record High Temperature
Gold mining stunts Amazon rainforest recovery
• Coronavirus
Coronavirus: asymptomatic people can still develop lung damage
CDC says U.S. has 'way too much virus' to control pandemic as cases surge across country
WHO director warns coronavirus pandemic 'not close to being over'
Gilead's coronavirus treatment remdesivir to cost $3,120 per U.S. patient with private insurance
Nursing Homes Account For 11% Of COVID-19 Cases, 43% Of Deaths In US

## Intelligence/security/internet/cyberwar ##
Russia's opposition flounders as Putin changes constitution
Reddit bans 'The_Donald' forum in crackdown, Twitch suspends Trump's channel
Facebook ad boycott campaign to go global, organizers say
Iran Issues Arrest Warrant For Trump
All Players In The NYT 'Russian Bounties' In Afghanistan Story Have Slammed It As Fake News

## Propaganda/censorship/fake news/alternative facts ##
Bolton Weaves a Tall Tale in His Venezuela Chapter

## Japan ##
One year after resumption, Japan's commercial whaling in viability struggle
Japan plans new electronic warfare unit facing East China Sea
Japan's retail sales extend slump as coronavirus curbs keep shoppers away
Japanese automakers' domestic output plunges 67% in May
Few economic benefits to be gained from hosting Olympics next year
Half of Tokyo residents oppose Olympics in 2021: poll

## China ##
Hong Kong national security law: those convicted could face life imprisonment
China sent martial artists to India border before deadly clash: state media
China's military becomes world's first to use experimental coronavirus vaccine
China's factory activity likely slowed in June on subdued global demand, Reuters poll shows
China central bank says economy faces risks from global pandemic, efforts against domestic resurgence

## UK ##
UK needs 'biggest-ever peacetime job creation plan' to stop mass unemployment
Just 6% of UK public 'want a return to pre-pandemic economy'
Poll comes as 350 union, business and religious leaders issue call for fair and green recovery
Virgin Atlantic seeks urgent rescue package worth up to £900m

## US ##
Nearly half the U.S. population is without a job, showing how far the labor recovery has to go
Millennials never recovered fully since the Great Recession and now Covid-19 is bringing a painful economic reckoning
Covid-19 Means Good Times for the Pentagon
Or How to Vaccinate the Military-Industrial Complex

Sunday, June 28, 2020


News Links, June 29, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse
UK Shopping Mall Giant Intu Collapses
US economic recovery stalled in June: Google data
Asean leaders 'wary of putting all eggs into Chinese basket' as they try to revive economies
Southeast Asian nations are now China's biggest trading partner but it's a balancing act, according to analysts
World Trade Plunges. Here's Why it's Even Worse in Reality: China's Deep-Fake Data Comes to Light
But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.

## Cut, baby, cut! ##
ExxonMobil Readies To Make Major Job Cuts
The real revelation of the former national security advisor's memoir is that he placed Israeli and Saudi interests ahead of America's—by successfully undermining any U.S. diplomatic efforts with Iran.
Iraq arrests over a dozen men suspected of attacks targeting American military presence

## Energy/resources ##
Recall alert: Nearly 60k pounds of chicken nuggets recalled for possible rubber contamination

## Environment/health ##
Activists Urge US Dept of Agriculutre to Deny Deadly New Monsanto GMO-Herbicide Combo
The US is considering approving the product even as Monsanto juggles multiple multi-million dollar lawsuits from cancer patients over its deadly Roundup herbicide.
Only healthy alternative to smoking is quitting, study says
Smoking is terrible for your heart and lungs, and simply switching to e-cigarettes won't do much good, a major new analysis finds.
And it will be the same for the O&G industry, and the nuclear power industry. As industrial society winds down, the money for remediation and restoration will disappear and the planet will be littered with toxic and radioactive waste, leaking wells, nuclear reactor meltdowns, mountains and seas of plastic, and what have you. Cleanup? Fuhgeddaboudit! -- RF
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Demasking the Torture of Julian Assange (Nils Melzer, UN Special Rapporteur on Torture)
Mass-Tracking COVI-PASS Immunity Passports Slated to Roll Out in 15 Countries
COVI-PASS will determine whether you can go to a restaurant, if you need a medical test, or are due for a talking-to by authorities in a post-COVID world. Consent is voluntary, but enforcement will be compulsory.
Facebook Loophole Allows Climate Deniers to Spread Misinformation
The India-China, Himalayan Puzzle
The Indo-China border is a strategic chessboard and it's gotten way more complex.
"If Trump's America struggles so much to help itself, how can it be expected to help anyone else?"

## Propaganda/censorship/fake news/alternative facts ##
McCarthyism Down Under
The journalistic standards at the New York Times and Washington Post must be below zero to publish such nonsense without requesting real evidence.
Biden likewise requires no actual evidence. He just needs some ammunition to use against Trump. Both of these men are absolutely disgusting. It'll be another election with a choice between two equally awful alternatives. -- RF
That could be true because, to all indications so far, the story appears to be concocted. -- RF

## Systemic breakdown/collapse/unsustainability ##
Capitalism is destroying 'safe operating space' for humanity, warn scientists
New scientific research confirms that capitalism's structural obsession with endless growth is destroying the very conditions for human survival on planet Earth.
Beijing's Mystery Security Law Will Be a Giant Tell about Hong Kong's Future
Sense of Foreboding in Hong Kong. Beijing's black-box approach doesn't bode well for local freedoms.
Dozens arrested as Hong Kongers protest planned national security laws

## UK ##
Mall Giant Intu Collapses Into Bankruptcy
A zombie well before the pandemic, the UK company had racked up huge debts to finance rapid growth in a sector that had started shrinking some time ago.
Escape to the country: Londoners more than twice as likely to be planning to move due to coronavirus, survey finds

Friday, June 26, 2020


News Links, June 27, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Pakistan receives $1bln from World Bank, ADB
Mexican economy shrinks record 17.3% in April as industry swoons

## Cut, baby, cut! ##
Nike plans to cut jobs in digital push

## Airline death spiral ##
U.S. airline labor unions seek billions more to extend coronavirus payroll aid as demand remains weak
Major U.S. airline CEOs to hold White House meeting Friday, sources say
American Airlines warns flights may be more crowded in July

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. agrees to EU offer to create dialogue on China's threat to the West

## Global unrest/mob rule/angry people/torches and pitchforks ##
US marshals asked to prepare to protect monuments nationwide: report

## Got food? ##
Coronavirus: A wake-up call to strengthen the global food system

## Environment/health ##
Amazon Rainforest Hit By Killer Droughts
When humans pull back, other species can flourish. -- RF
As with nuclear waste, we can expect that little substantive action will be taken to eliminate this threat to the planet. -- RF
• Coronavirus
Scientists just beginning to understand the many health problems caused by COVID-19
Scientists are only starting to grasp the vast array of health problems caused by the novel coronavirus, some of which may have lingering effects on patients and health systems for years to come, according to doctors and infectious disease experts.
Coronavirus traces found in March 2019 sewage sample, Spanish study shows
Spanish virologists have found traces of the novel coronavirus in a sample of Barcelona waste water collected in March 2019, nine months before the COVID-19 disease was identified in China, the University of Barcelona said on Friday.
So if Trump still insists on being "accurate," perhaps he should call it the "Spain virus." -- RF

## Intelligence/security/internet/cyberwar ##
Doctors for Assange Say UK May be Liable for His Torture
In a new letter to the British medical journal The Lancet, Doctors for Assange say that the British government may be held legally responsible for the torture of the imprisoned WikiLeaks publisher.

## Propaganda/censorship/fake news/alternative facts ##
Truly Shameful BBC Israeli Propaganda
In a genuinely outrageous piece of victim blaming, BBC News just blamed Palestinian intransigence in refusing to accept Israeli annexation of the West Bank for the deaths of Palestinian children caused by the Israeli blockade of medical supplies to Gaza.

## Japan ##
Forecast: Japan facing hot summer

Thursday, June 25, 2020


News Links, June 26, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Depression Dominoes Are Toppling
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable.
Barcelona's Epic Tourism Boom Is Over, Now the Crisis Begins: My Walk to the Beach
'The money's gone': Wirecard collapses owing $4 billion
Saudi Arabia's Oil Price War Cost The Kingdom $12 Billion In One Month
Impossible to Sugarcoat the Disastrous Unemployment Claims (US)
Gold poised to challenge $1 800 as virus resurgence fans demand
MMT: Not Modern, Not Monetary, Not a Theory

## Cut, baby, cut! ##
Weak demand prompts Macy's to cut 3,900 jobs in push to save cash
Qantas To Cut At Least 6,000 Jobs, Embarks On Three-Year Cost Savings Plan

## Airline death spiral ##
IATA predicts airlines will lose $84 billion in 2020, but agency offers a roadmap for recovery
In April, air travel declined 98% from last year as countries closed their borders in efforts to stem the coronavirus pandemic.
Qantas Cuts 6,000 Jobs And Grounds International Fleet For At Least 12 Months
Coronavirus Hearing: Airlines must take extreme precautions to keep passengers safe
Airlines threaten to ban travelers who refuse to wear face masks

## Fault lines/flashpoints/powder kegs/military/war drums ##
LDP lays groundwork to consider equipping Japan with attack capabilities
Iran, Venezuela Won't Back Down From Resisting US Sanctions
No final decision at White House talks on Israeli annexation moves, U.S. officials say

## Energy/resources ##
Global oil discovered was 7.7 times less than consumption in 2019
It's important to realize how extremely serious this situation is. -- RF
Occidental signals writedown of up to $9 billion on bleak oil price outlook
Russia Develops Drone-Disabling Systems To Protect Oil Facilities

## Got food? ##
Argentina, Brazil monitor massive locust swarm; crop damage seen limited

## Environment/health ##
New Study Finds China and EU Soy Imports Are Increasing Brazil's Deforestation
Researchers reveal changes in water of Canadian arctic
Activists Allege Cover-Up as Toxic Siberian Fuel Spill Reaches Arctic Ocean (Russia)
Is Gaia a Superorganism? No, she is something completely different
• Coronavirus
Coronavirus may have infected 10 times more Americans than reported, CDC says
European Union likely to keep ban on Americans because of coronavirus fears as it reopens its borders
New forecast: 180,000 U.S. deaths of COVID-19 by October. But mask order can save 33,000
Coronavirus: face masks save lives, Japanese study says
Coronavirus: will vaccine deals lead to poorer countries missing out?
World leaders have called for vaccines to be a public good, but many countries are striking exclusive agreements with pharmaceutical firms
"A Mask Is Not A Political Statement. It's An IQ Test."
Record spikes in U.S. coronavirus cases push up hospitalization rates in 16 states

## Intelligence/security/internet/cyberwar ##
Assange Hit With New Superseding Indictment Broadening Computer Intrusion Charges
Is AIPAC Finished?
No conference, guidance, deference, or Foreign Affairs Committee chair
As Russia's Constitution Reform Vote Kicks Off, Election Watchdog Decries 'Manipulative' Process

## Systemic breakdown/collapse/unsustainability ##
COVID-19 and the economy: Where do we go from here?

## Japan ##
Japan may consider first-strike alternative to Aegis Ashore by October
Half of telecommuters in Japan work longer hours than before pandemic: Rengo
Tokyo reports 48 coronavirus cases, topping 40 for second day
Travel Agency H.I.S. to Close One-Third of Outlets in Japan

## China ##
Iraq Considers A String Of Massive Oil Deals With China
Shadow banking back in vogue in China as assets grow for the first time since 2017
China Taps World Bank Official for U.S.-Facing Finance Post: Sources

## UK ##
The UK and Boris Johnson on the Skids
Fears mountains in Scotland and Wales will be overrun as lockdowns eased
And wildlife, which was granted a stay of execution, will be under deadly human pressure again. -- RF
Out-of-work households £1,600 worse off during Covid-19 due to austerity
Royal Mail to cut 2,000 management roles

## US ##
U.S. May Exports Sink to 11-Year Low as Imports Drop
Another 1.5 million US workers file for unemployment insurance
State, local governments need billions more in aid to avert 4 million layoffs, Moody's finds
Business Uncertainty About Sales Goes Haywire
New Mexico restaurant vandalized with racist slurs and white supremacist messages
Harley-Davidson to cut about 140 jobs in United States
U.S. Senate backs bill to punish China over Hong Kong
Is it OK for other countries to punish the US over its treatment of Black Americans? -- RF
Trump cranks up attacks on the Black Lives Matter movement for racial justice
Three North Carolina police officers fired for racist comments calling for 'slaughtering' Black people
Trump eschews face covering, ignoring Rubio urging that everyone 'wear a damn mask'
Court Will Not Block Mary Trump's Tell-All Book on the President

Wednesday, June 24, 2020


News Links, June 25, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
IMF slashes its forecasts for the global economy and warns of soaring debt levels
World Bank Chief Economist Says Emerging-Market Troubles Top Those of Rich Nations
Canada Loses Its AAA Rating
The decline of the U.S. dollar could happen at 'warp speed' in the era of coronavirus, warns prominent economist

## War on cash/cashless society/cryptocurrencies ##
New Zealand makes its biggest ever asset seizure over alleged vast bitcoin crime ring

## Airline death spiral ##
Lufthansa draws up 'Plan B' to avoid insolvency - source

## Fault lines/flashpoints/powder kegs/military/war drums ##
Trump aides begin discussions on Israel's West Bank annexation plan: sources
Israel's Netanyahu struggles to sell annexation plans
India tells Pakistan to cut embassy staff by half, says will do same
US, Russia End Nuclear Talks, Agree to Second Round
The F-35 Lightning II can't fly in lightning once again
1,000 more U.S. troops to Poland as Trump and Duda discuss NATO's eastern flank
US Military Shuffle from Germany to Poland is Imminent
US military spending to skyrocket over China Sea 'footprint'
Pompeo's UN Move Against Iran Will Fail. Why Is He Still Pressing It?

## Migrants/refugees ##
Rohingya refugees tell Malaysia how dozens perished during four-month voyage

## Global unrest/mob rule/angry people/torches and pitchforks ##
400 National Guard soldiers activated to guard DC monuments amid protests
Trump demands end to flag burning as protests flare again near White House

## Energy/resources ##
U.S. Shale Has Lost $300 Billion In 15 Years
In the 15 years since the first U.S. shale boom, the industry as a whole has failed to return a profit.
With contracts canceled and debts mounting, offshore oil drillers face another shakeout

## Environment/health ##
Johnson & Johnson told to pay $2.1 billion over cancer-causing talc powder
US energy laggards still not Paris compliant: analysis
Bayer settles Roundup lawsuits for $10 billion
37% of U.S. adults have dangerous metabolic syndrome, analysis finds
Siberian heat wave is a 'warning cry' from the Arctic, climate scientists say
• Coronavirus
WHO warns coronavirus still hasn't 'reached its peak' in Americas as global cases near milestone
California reports more than 7,000 coronavirus cases, biggest daily jump so far
Florida reports another record spike in coronavirus cases, up 5.3% in a day

## Intelligence/security/internet/cyberwar ##
Trump, Bolton, and Pompeo: Loathsome Peas in a Pod
Biden And His Ventriloquists Keep Out-Hawking Trump
In a series of truly chilling and ominous tweets, Joe Biden shows us he would dispense with Trump's even minimal non-interventionism and return the U.S. to full-bore aggression.
Twitter terminates DDoSecrets, falsely claims it may infect visitors

## Japan ##
LDP lays groundwork to consider equipping Japan with attack capabilities
The ruling Liberal Democratic Party began preparations Tuesday to establish a team to consider the possibility of the nation possessing the capability to attack enemy bases.
Office cluster pushes Tokyo coronavirus cases to one-and-half-month high: NHK
China's COVID-19 Vaccine Makers Are Going Abroad for Human Trials
With dwindling coronavirus cases at home, Chinese biomedical companies are cooperating with Brazil and the UAE for phase three clinical trials.

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