Friday, July 31, 2020


News Links, August 1, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Fiat Chrysler reports $1.2 billion loss in second quarter
Turkey Faces Second Currency Crisis in Two Years, Lira Slumps to Record Low
Foreign investors are fleeing, worried about surging inflation, deeply negative real interest rates, and a central bank unwilling to crack down on inflation.
Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top
Gold heads for biggest monthly gain since Jan 2012 on rush to safety
Peter Schiff: The Dollar Is Not Just Going Down; It's Going to Crash

## Airline death spiral ##
British Airways owner IAG to raise €2.75bn after record loss
British Airways pilots accept pay cuts, job losses negotiated by union
Tough times ahead for Singapore Airlines
Air Canada weighs order cancellations, blames travel restrictions, after second-quarter loss
U.S. airlines making push for new round of payroll assistance

## Fault lines/flashpoints/powder kegs/military/war drums ##
Chinese long-range bombers join drills over South China Sea
Will Japan Pursue a Strike Capability in Lieu of Aegis Ashore?
Iran Uses First Military Satellite to Map, Publish U.S. Base in Qatar
Philippines: Can't afford to go to war with China over sea row, Duterte admits in national address
It's Official: Pompeo Has Declared Cold War With China
This puts us on a course for a costly and unnecessary conflict at a time when we can't even take care of our own problems.
U.S. to have permanent troop presence in Poland as defence pact agreed
AFRICOM ordered to plan move out of Germany, latest pullout from key European ally
Hungary upgrades military with delivery of German tanks

## Global unrest/mob rule/angry people/torches and pitchforks ##
Trump: Feds won't leave Portland until governor clamps down on protesters

## Energy/resources ##
Heavy-duty hydrogen fuel cell trucks a waste of energy and money
Power Blackouts Could Tip Iraq's Protesters Over the Edge
Vehicles burned in Mexico to protest US water payment
Brutal 20-Week Rig Count Collapse Finally Subsides As Oil Prices Stabilize

## Got food? ##
Plastics, pathogens and baby formula: What's in your shellfish?
'We had to eat our seeds for planting': 10 million in Sudan facing food shortages
Coronavirus-linked hunger kills 10,000 children per month, says UN

## Environment/health ##
Coastal flooding set to get more frequent, threatening coastal life and global GDP
Researchers make major, concerning microplastics discovery
Scientists genetically alter squids for the first time in 'game-changing' breakthrough
USDA identifies some of the mysterious, unsolicited seeds after all 50 states issue warnings
• Coronavirus
WHO: Young people are 'letting down their guard'
Global health body says youth-oriented 'amplifiers' such as nightclubs are causing Covid-19 spikes

## Intelligence/security/internet/cyberwar ##
Big Google and Facebook are Watching You!
How to hide from a drone, like a Marine
China Criticizes Trump for 'Double Standards' Over TikTok
The US is a 'cheap date' in cyberspace. A commission has ideas to change that.

## Japan ##
Tokyo reports 463 new coronavirus cases
Tokyo could declare emergency if situation worsens: Koike
LDP policymakers say Japan should have missile base-striking ability
In what could be a controversial move under the pacifist Constitution, the Liberal Democratic Party's defense policy committee on Friday approved a proposal for Japan to have the capability of halting ballistic missile attacks within enemy territory, a document showed.
Japan's top court rules GPS tracking of cars is not spying
Tokyo Disney Resort Operator Logs Record Quarterly Loss
Fitch downgrades ratings outlook for Japan to negative

## China ##
US must prepare for an ever more powerful China, Rand Corporation says
Three Gorges Dam weathers the flood challenge
Monsoon torrent passes as signs emerge that Chinese leaders may be cooling on huge hydroelectric projects
U.S. imposes sanctions on Chinese company over abuse of Uighurs
Hong Kong postpones elections by a year, citing coronavirus

## UK ##
New push to raise Covid-19 testing capacity in England to 500,000 a day
COVID infections on the rise in England, survey shows
Use of plastic bags in England drops by 59% in a year
Coronavirus: Visiting people at home banned in parts of northern England

## US ##
CDC reports the rich sleep better at night
Who would have thought? -- RF
COVID-19: Poverty Weaponized By Elite as US Eviction Crisis Looms
New Government Loan 'Could Accelerate Demise of US Postal Service'
Portland Journalists Ask For Sanctions As Federal Agents Continue To Assault Reporters And Legal Observers
A surge in evictions could turn into financial crisis, economist warns
It could also result in more riots. -- RF
Consumer Spending Jumps for a Second Month ... But
Potential defense budget cuts demand a new calculus
The 'restaurant apocalypse' is 'much worse than I thought,' Jim Cramer says
"If you're in the business of serving people food in a brick-and-mortar setting, all I can say is stick a fork in it, because that business is done."
Billboard Ad Revenue Collapses As Americans Stay Home

Thursday, July 30, 2020


News Links, July 31, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Renault handed 'wake-up call' with record 7 billion euro loss
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss

## Cut, baby, cut! ##
Dunkin' to close 800 U.S. stores

## War on cash/cashless society/cryptocurrencies ##
Peter Schiff: Gold 'Harder to Confiscate' Than Bitcoin as Searches Spike
Both sides of the argument miss the obvious: Sooner or later, the internet and power grids will go down. Of course that means gold is the winner. -- RF

## Airline death spiral ##
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA
International air passenger volume still down 96.8%.
Lawmakers say airline contractors laid off more than 9,000 despite $728 million in federal aid

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Arms Treaty Pullout Fuels Race for Hypersonic Weapons

## Energy/resources ##
The idea that we should just toss old panels into landfills is the same irresponsibility that created our current problem of a planet drowning in waste, much of it toxic. -- RF
End game for oil? OPEC prepares for an age of dwindling demand
Iraq to sign $4bn refinery contract with Japanese firm
Too many humans. And it's not just China. -- RF
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Banning TikTok Will Accomplish Nothing. Fix Our Broader Security & Privacy Problems Instead.
Either you actually care about consumer privacy and internet security or you don't, and a huge swath of those hyperventilating about TikTok have been utterly absent from the broader conversation.
Many of these anti-drone measures are expensive and complicated. Some are illegal. The most affordable – and legal – way to avoid drone technology is hiding.
The man has become completely unhinged. Next he'll be telling us to check for Chinese agents under our beds and in our closets before retiring for the night. -- RF
EU sanctions Russian intelligence, North Korean, Chinese firms over alleged cyberattacks
Note that all the supposed attacks are said to be "alleged" or "suspected"; no evidence whatsoever is offered. Punishment is now meted out without the need for establishing guilt. -- RF
U.S. economy likely suffered historic plunge in second-quarter; outlook murky as COVID-19 cases surge
Police Departments Benefit From Police Militarization Program, but at What Cost to Communities?
This 9.5% plunge in Q2 from Q1 was still the steepest decline in nearly 70 years of quarterly data, which began in 1947.

Wednesday, July 29, 2020


News Links, July 30, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Gold prices could hit $3,500 in two years, analyst says
WTO unlikely to get interim leader as U.S. insists on its candidate, causes impasse
Argentina may delay debt restructuring deadline amid impasse - source
It Is Time to Abandon Dollar Hegemony

## Airline death spiral ##
Global airlines less hopeful on COVID-19 recovery
FedEx pilots want US company to suspend flights to Hong Kong, say Covid-19 measures present 'unacceptable risk'
Heathrow calls for coronavirus tests at airports
JetBlue CEO warns of 'day of reckoning' for airlines as coronavirus continues to devastate demand
Boeing slashes aircraft production plans, warns on new job cuts as coronavirus devastates travel
European air executives, airlines, urge Canada to safely restore travel

## Fault lines/flashpoints/powder kegs/military/war drums ##
Amid Escalating Tensions, US Warships Sail Just Miles off Coast of China
The moves are believed by experts to be information gathering operations, attempting to track the positions of Chinese submarines and pinpoint coastal defenses as the US increases the tension with Beijing.
Five Eyes alliance could expand in scope to counteract China
Esper Outlines Plan to Cut 12,000 US Troops From Germany
Boeing CEO confident in defense spending, no matter who wins the 2020 election
Defense industries know that one of the two War Party candidates always wins. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
The feds say they won't leave Portland until the violence stops. Privately, they concede they're fueling that violence.
Hundreds picket minister's home after he tells cops to quash anti-PM rallies (Israel)
Federal agents, officers head to Detroit, Cleveland, Milwaukee as Operation Legend expands

## Energy/resources ##
U.S. Refiners Brace For Ugliest Losses In A Decade
French energy group Total books $8 billion asset impairments
Ocasio-Cortez Could Deal A Fatal Blow To U.S. Oil Pipelines

## Got food? ##
Decline of bees, other pollinators threatens US crop yields
The yield potential of wheat grown in controlled-environment vertical farms
Suggesting once again that we should not count on vertical farming for our food. -- RF

## Environment/health ##
Carbon dioxide removal is critical in next decade, experts tell Congress
Air pollution 'greatest risk' to global life expectancy
Air pollution cuts life expectancy for every man, woman and child on Earth by nearly two years, according to data released Tuesday which experts said showed poor air quality is "the greatest risk to human health".
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Israel Rolls Out Dystopian Cyber Espionage Award for US-Backed Digital Saboteurs
The myriad cybersecurity, AI, and IoT startups emerging out of Israel's state-funded organizations have extensive ties to American Fortune 100 companies like Apple, Google, Microsoft, and many others.
Bank of Japan speeds up work toward issuing digital currency
The Bank of Japan will begin substantive testing of digital currency it might one day issue as fears rise in the government and ruling Liberal Democratic Party that China could debut one first, posing a national security threat.
Floods hit northeastern Japan as major river bursts banks
Tokyo reports 250 new coronavirus cases; 60% in their 20s and 30s
Japan's troubled Rokkasho nuclear fuel reprocessing plant clears safety screening

Plain clothes and unmarked vehicles... who are these people? If no uniforms, insignia, or marked vehicles are required, then theoretically anyone could get away with this. -- RF

Tuesday, July 28, 2020


News Links, July 29, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Second COVID-19 wave forces new travel curbs around the globe
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge
Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
Lebanon becomes 1st country in Middle East and North Africa to enter hyperinflation
Desperate hunt for yield forces investors to take 'extreme risk'
Greyerz – Brace For Collapsing Global Stock Markets And Skyrocketing Gold Prices
Gold & Silver Melt-Up Continues In Asian Trading
King dollar's decline ripples across the globe

## Cut, baby, cut! ##
Victoria's Secret parent L Brands to slash 15% of corporate workforce

## Airline death spiral ##
JAL to Report over 100 B. Yen in April-June Operating Loss
In China, airlines plug 'all you can fly' deals to pierce coronavirus clouds
JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarter

## Fault lines/flashpoints/powder kegs/military/war drums ##
First French fighter jets head to India after purchase
The United States Faces Irreparable Damage in a Cold or Hot Conventional War with China and its Allies
First Swiss deal with Iran via humanitarian channel has gone through - Swiss govt
Australia tells U.S. it has no intention of injuring important China ties
South Korea to have solid-fuel rockets in major deal with US

## Global unrest/mob rule/angry people/torches and pitchforks ##
Australian police disperse Black Lives Matter rally
National Guard major tells lawmakers he saw 'excessive' force used on protesters near the White House

## Energy/resources ##
Coal Consumption Plunged to Lowest Since at Least 1973. Why There's No Hope for Coal
Iraq's Oil Exports To China Up 27.5% During First Half of 2020

## Environment/health ##
High and dry: developed Cambodian wetlands raise flood risk
More than a million Cambodians are at risk from increased flooding and worsening food security, NGOs warned Monday, due to the destruction and gradual filling-in of Phnom Penh's wetlands by politically connected developers.
Report links world's top meat firm to deforestation
Brazilian firm JBS, the world's biggest meat processing company, was again accused Monday of "laundering" cattle from ranches blacklisted for destroying the Amazon rainforest.
• Coronavirus

Presumptuous Pompeo Pushes Preposterous 'Peking' Policy
A rant by Mike Pompeo regarding what the U.S. should do with China led to a fruitful exchange between an old China, and an old Soviet hand.

## Propaganda/censorship/fake news/alternative facts ##
Did Trump Bomb Syria on False Grounds?
The American media is ignoring leaks from the Organization for the Prohibition of Chemical Weapons that suggest a whitewash.

## Systemic breakdown/collapse/unsustainability ##
The Nation Is Falling Into the Abyss Between Wall Street and Main Street
The abyss between the Fed's illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating.

## Japan ##
Japan confirms close to 600 new COVID-19 cases, 1 death in Kyoto

## US ##

Monday, July 27, 2020


News Links, July 28, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Gold prices surge to record high amid coronavirus worries, U.S.-China tensions
Nonsense from the WSJ on Gold vs the Dollar
Latin America will be poorer after the pandemic, IADB president says
'Capital war' possible if US bans investment in China or withholds bond payments: Ray Dalio

## Cut, baby, cut! ##
Goldman revamps employee reviews, opening door to greater job cuts

## Airline death spiral ##
Ryanair reports net loss of 185 million euros and predicts traffic will be down 60% this year
UK airports call on Britain to exclude Spanish islands from quarantine policy
Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Military Flies Record Number of Planes Near China's Coast in July
Dovish former MKs urge US Democrats to 'reject occupation' in platform
Group of 27 ex-Israeli officials, including 7 retired diplomats, calls on party to oppose annexation and support the creation of a Palestinian state
Rockets hit Iraq's Besmaya base on eve of handover
Russia sends Su-27 fighter jet to intercept U.S. spy plane over Black Sea
Egyptian, French navies conduct joint drills in Mediterranean Sea

## Migrants/refugees ##
Malta rescues 95 migrants from sinking dinghy

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests grow as British arms sales to Saudi Arabia restart
Several violent attacks on anti-Netanyahu protesters reported across country (Israel)
Black armed protesters march in Kentucky demanding justice for Breonna Taylor
Two protesters die after clashes with police in Baghdad, medics and security sources say

## Energy/resources ##
Egypt and Sudan criticize Ethiopia at start of new Nile dam talks
Another Permian Oil Producer Files For Bankruptcy

## Environment/health ##
Pristine environments offer a window to our cloudy past
• Coronavirus
Asia battles second wave of coronavirus with fresh lockdowns
Mexico reports 5,480 new coronavirus cases, 306 deaths: health ministry
Japanese government to urge more telecommuting as coronavirus cases surge
Australia posts daily virus record, more deaths expected
Vietnam to evacuate 80,000 people from Danang after virus outbreak
Second COVID-19 wave forces new travel curbs around the globe

## Japan ##
Japan's cities get quieter as infections rise
As the world gets tougher on China, Japan tries to thread a needle
Tokyo reports 131 new coronavirus cases after six days at over 200
Robot to use brush to retrieve melted fuel at Fukushima plant

## China ##
China's food delivery boom may undercut plans to reduce plastic bags
Ant Group's plan for listing shows the US is not the only option
Hong Kong extends virus restrictions to ban gatherings of more than two people

## UK ##
Germany and France next for a UK quarantine? It's under review, junior minister says
UK Defence Secretary to boost ability to handle space threat from Russia, China
PM Johnson set to overhaul Britain's treason laws - The Mail on Sunday

## US ##
US Economy Is Flatlining
Charting The Retail Devastation: Here Is The Stunning List Of US Store Closures In 2020
Ted Cruz says more Chinese consulates in U.S. 'may well be closed'
U.S. sending more federal officers to Portland protests: report
Mnuchin says GOP coronavirus relief plan ready as unemployment boost runs out
US Recovery Stalls As Food Bank Lines Reemerge

Sunday, July 26, 2020


News Links, July 27, 2020

## Airline death spiral ##
Passengers fight at San Juan Airport after being forced to return to gate
Spirit Airlines canceled a Philadelphia-bound flight after a dispute broke out on the plane and spilled over into a brawl inside the terminal in San Juan, Puerto Rico, on Monday.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Pompeo Lays Out New US Cold War Against China

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anger at Kremlin Grows in Latest Massive Russian Far East Protest

## Energy/resources ##

## Solutions ##
We Are On Our Own In The Post-Covid World
It's time to be our own heroes, because those in charge sure won't be

## Environment/health ##
CDC: 'Rapidly growing' Salmonella outbreak has hit nearly 2 dozen states, source unknown
Vietnam suspends wildlife trade as pandemic prods action
Vietnam, one of Asia's biggest consumers of wildlife products, has suspended all imports of wild animal species "dead or alive" and vowed to "eliminate" illegal markets across the country.
Weatherwatch: Melting Arctic ice triggers winter storms, study finds
Meltwater from Greenland creates freshwater pond at the ocean surface that whips ups storms in northern Europe
Fires triple in Brazil's Pantanal wetlands in 2020
The number of forest fires in the Pantanal, the world's largest tropical wetlands, has nearly tripled in 2020 compared to the same period last year, according to satellite data released Thursday.
Coca-Cola Confronted by Big Problem in its Second Largest Market. For Once, Political Connections Failed. Oct 1 is the Date
Per-person consumption of soft drinks in Mexico is the highest in the world. But due to link of obesity to Covid deaths, sugary drinks now face their nemesis.
• Coronavirus

## Intelligence/security/internet/cyberwar ##
USA vs Huawei 'Princess': new phase in high-stakes court case

## Japan ##
Anti-Olympic protest held in Tokyo
China bids to win back the Philippines
Beijing renews Manila charm offensive after ties founder on South China Sea disputes
It will be the most ambitious and extensive fishing ban ever seen, as Beijing tries to revive the ecosystem of one of the world's most famous and important rivers.
London Is The Third Most-Surveilled City In The World

## US ##
Essential—and Expendable—Mexican Labor
On both sides of the border, Mexican workers are now essential—to U.S. corporations.
Fauci: I would not get on a plane or eat inside a restaurant
'I certainly don't think we're near the end of this,' says Dr. Anthony Fauci, the veteran epidemiologist
Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart
There's Just No Good Way Out. The only thing that is surprising is how long these retailers and malls, which have been spiraling down for years, were able to hold on.
Millennials Continue to be Punished by the Great Recession and now the Great Pandemic.

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