Monday, August 31, 2020

 

News Links, September 1, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
U.S. dollar's woes are only beginning, some bears say
India's first-quarter GDP contracts by record 23.9% y/y
Heading Towards a Multi-Reserve Currency System

## Airline death spiral ##
Coronavirus: 'Covidiots' criticised on Tui quarantine flight
RAF jets scrambled to escort Ryanair flight to Stansted after reports of 'security threat' on board
United CEO says air travel demand will roar back once there's a coronavirus vaccine
Delta, American drop domestic change fees, matching move by United

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Shakeup in Europe Adds to Focus on Arctic

## Global unrest/mob rule/angry people/torches and pitchforks ##
20,000 at anti-Netanyahu protest, including 200 Hasidim; events in world cities
Oregon state police called to Portland as officials warn of escalating violence

## Energy/resources ##
Second U.S. shale boom's legacy: Overpriced deals, unwanted assets

## Environment/health ##
Newly hatched Florida sea turtles are consuming dangerous quantities of floating plastic
Trump Admin Proposes 'Vicious' Plan for Fossil Fuel Lease Sales in California Amid Historic Wildfires
Solar Panels Are Starting to Die. Will We be Able to Recycle the E-Waste?
Sea level rise from ice sheets track worst-case climate change scenario
Trump eyes aquaculture boom, but environmentalists dig in
• Coronavirus
WHO warns that 'no country can just pretend the pandemic is over'
Brazil passes 3.9 million coronavirus cases, death toll at 121,381: health ministry
CDC: Nearly 30% of health workers with COVID-19 didn't know they had it

## Intelligence/security/internet/cyberwar ##
Assange Travesty Continues
Yet Another Study Shows U.S. 5G Is Far Slower Than Many Other Nations

## Systemic breakdown/collapse/unsustainability ##
Is California Over?
By now it's painfully obvious that we humans tend to ruin our favorite places by overrunning them.

## Japan ##
Rising shoplifting after Japan's plastic bag tax prompts rethink of personal bag rules
Japan's Cumulative Coronavirus Cases Reach 68,800
PM candidate Ishiba urges closer ties with Asian neighbors

## China ##
US sanctions on China's Huawei spell trouble for Shenzhen economy
China censors Thomas Piketty's book that touches on nation's growing inequality
China's mega banks lost billions of dollars in profit as bad loans rise during coronavirus pandemic

## UK ##
Hundreds of thousands of chickens to be culled after Covid disruption
Counter-terror arrests at Stansted after fighter jets intercept airliner
UK carbon emissions from electricity hit record low in lockdown – report

## US ##
U.S. presidential hopeful Biden says he would not ban fracking
J.C. Penney sale talks stall, pushing retailer to brink
Deflation of the Citizenry's Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites
Insider Trading Is Rife With No Regulators in Sight
Ohio police and firefighter pension fund to allocate 5% to gold
Appeals Court Says Not Allowing Federal Officers To Pepper Spray Journalists Makes Law Enforcement Too Difficult


Sunday, August 30, 2020

 

News Links, August 31, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
U.S. tech stocks are now worth more than the entire European stock market

## Cut, baby, cut! ##
Permanent Layoffs Soar, and It Will Get Worse (US)
Banks eye layoffs as short-term crisis ends, long-term costs emerge

## Airline death spiral ##
United Airlines scraps ticket-change fees for domestic flights in bid to win over customers

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, China blast and bluster towards a sea clash
New Cold War getting hotter as China test-fires 'carrier killer' missiles and US sanctions Beijing's South China Sea moves
New China, Russia sub project puzzles analysts
In a Robot War, Kill the Humans
Even if advances in robotics mean fewer humans on the battlefield, the fight will increasingly focus on those that remain.


## Global unrest/mob rule/angry people/torches and pitchforks ##
In sending federal agents and soldiers to suppress protests, the United States is part of a global trend.

There are some good points here about the shortcomings of renewables. But the missing insight is that industrial society itself is unsustainable. -- RF
Sri Lanka to ban imports of plastic goods to protect elephants
Sri Lanka will ban the import of most plastic products in a bid to protect wild elephants and deer that die eating the waste, the environment minister announced Friday.
Dozens dead as record rains lash Pakistan
• Coronavirus

## Intelligence/security/internet/cyberwar ##
'Muscular' Foreign Policy: Media Codeword for Violence Abroad
Death wish: The poisonous perils of anti-Putinism
While the Kremlin probably did not sanction a hit on Alexei Navalny, opposition in Russia is highly risky
The problem seems to be that our system of choosing leaders guarantees to propel to the top all sorts of power-mongering psychopaths.
The Social Fabric of the U.S. Is Fraying Severely, if Not Unravelling

## Japan ##
Japan, U.S. defense chiefs agree to keep China in check
'Anyone with a half a brain cell on active duty can see coronavirus is nonsense,' David Icke tells crowd

## US ##
Nihilism Embodied: Our Lawless Financial System
Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.
A Quarter Of All Personal Income In The US Comes From The Government

Friday, August 28, 2020

 

News Links, August 29, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Coca-Cola to restructure workforce, sets voluntary job cuts
Operator of Trump International Hotel in Vancouver files for bankruptcy
Elon Musk's wealth exceeds $100 billion; Jeff Bezos worth twice as much
Both men have seen their fortunes rise by more than $70 billion this year.
S.Korea extends ban on share short selling for another 6 mths
Why Americans Are Looking for a Safe Haven from the Dollar

## Cut, baby, cut! ##
MGM Resorts lays off 18,000 previously furloughed employees

## Airline death spiral ##
Gatwick airport hit by £343m loss as passenger numbers fall

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian submarine surfaces near Alaska during war exercise
DoD War Games Predict 'Extremely Destabilizing' Chinese Military Parity
"If we do come to blows with China, it's gonna be very confused for the first 30 or 45 days, and then we must fight in a distributed fashion," said Maj. Gen. Tracy King, Marine Corps' director of Expeditionary Warfare
Space weapons to counter China, Russia 'coming'
US Space Command major general says new capabilities are on the way to mitigate looming threats
EU set to sanction Turkey over ships in disputed east Med exploration area
US Navy sends warship near disputed islands a day after China's 'carrier killer' missile test
NORAD intercepts three groups of Russian planes near Alaska

## Migrants/refugees ##
Banksy-funded ship rescues 89 migrants from Mediterranean

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds of anti-Netanyahu protesters block roads in Tel Aviv and Haifa
'We're coming in hot!': Milwaukee protesters trek on foot to March on Washington
Protesters try to drown out Trump speech, yell at Sen. Paul
Protesters plaster signs at LAPD chief's home during another night of demonstrations
Anti-government protesters in Thailand tussle with police
Chile will not let striking truckers block main highways: president

## Energy/resources ##
Scottish nuclear power station to shut down early after reactor problems
Canada Set To Build $23 Million Rare Earth Plant
The U.S. Oil Rig Count Slips Once Again

## Environment/health ##
UN secretary general urges India to swiftly turn away from coal
Singapore battles record dengue outbreak with more mosquitoes
Brazil's environment ministry to stop fighting deforestation in the Amazon
All operations to combat illegal logging in the Amazon will be halted on Monday due to insufficient funds, Brazil's Environment Ministry said on Friday.
• Coronavirus
Kids with asymptomatic coronavirus infections may have active virus in their bodies for weeks, scientists say
CDC director says there will likely be a limited supply of coronavirus vaccines at first

## Intelligence/security/internet/cyberwar ##
Partner says Assange 'in a lot of pain'

## Systemic breakdown/collapse/unsustainability ##
How Extremes Become More Extreme, Triggering Collapse

## Japan ##
Abe set to resign, citing worsening health
Chinese may boycott Apple if US bans WeChat
Foreign ministry spokesman issued the warning Friday as Trump's deadline approaches
The National Farmers' Union (NFU) warned earlier this month that the UK's wheat harvest this year could be the worst since the 1980s, as the growing season was plagued by extreme weather conditions.
Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two
On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%.
This kind of cheap mudslinging from both sides illustrates how the two arms of the War Party have degenerated into summer-camp groups of hormone-fueled 15-year-old lizard brains. -- RF


Thursday, August 27, 2020

 

News Links, August 28, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Why Courts Across the World are Ruling That the Gig Economy is Paving the Road to Serfdom
As virus rages, US economy struggles to sustain a recovery
Running on empty? Emerging markets burn through reserves fighting virus

## Cut, baby, cut! ##
BMW Mini Oxford car plant set for hundreds of job losses
United Airlines announces biggest pilot job cut in its history
Drone maker General Atomics lays off hundreds

## War on cash/cashless society/cryptocurrencies ##
What A Cashless Society Really Means For You

## Airline death spiral ##
United Airlines to cut 2,850 pilot jobs without more U.S. government aid
Airlines, Trying to Dodge Bankruptcy with Air Travel Still Down 70%, Threaten Oct. Jobs Massacre Unless they Get 2nd Bailout
"Unfortunately, we see few catalysts over the next six months to meaningfully change this trajectory": Delta.
Gatwick airport to cut 600 jobs as Covid continues to hammer industry

## Fault lines/flashpoints/powder kegs/military/war drums ##
Arson suspected in Bonhomme Richard fire, defense official says
To Capture and Subdue: America's Theft of Syrian Oil Has Very Little To Do With Money
Years of US support to Al-Qaeda and ISIS and efforts to effect regime change in the country have culminated in the theft of Syria's oil, but is that really America's coup de gras in Syria?
Typically these articles make no mention of the fact that the US military presence itself is illegal. -- RF

## Migrants/refugees ##
US detaining more migrant children in hotels despite outcry

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Environment/health ##
Extreme Heat, Wildfires and Record-Setting Storms Suggest the Future Climate Crisis Is Already Here
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Cyber Command Gets New Surveillance Powers Under Guise of Battling Election Meddling
US Cyber Command and the Pentagon are availing themselves of the Russian meddling narratives and added a few others to justify the creation of a cyberwar army with international and domestic capabilities via the National Guard.

## Propaganda/censorship/fake news/alternative facts ##
Journalism's Gates keepers (on the Gates Foundation's sponsorship of journalism)

## Systemic breakdown/collapse/unsustainability ##
America's Metastasizing Class Wars

## Japan ##
BOJ to stand pat even as Japan set to slump into deflation: ex-central banker

## US ##
25% of U.S. malls are expected to shut within 5 years. Giving them a new life won't be easy
The Triumph of Monopoly Capitalism is Hurting American Workers' Life Expectancy
We have returned to Franklin Roosevelt's one-third of a nation ill-housed, ill-clad, ill-nourished.
There you have it. Vote for Biden and you get Trump. Or vice versa. -- RF
Just to be clear, Biden and all other politicians should keep their "faith" out of politics. -- RF


Wednesday, August 26, 2020

 

News Links, August 27, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Mexico slumps to 'Great Depression' economic lows, central bank slashes forecast
"Central banks, not elected governments, run the world"
Destructive inflation will be the price we pay for free money in the economy
Currency War: Will China's e-RMB fade out dollar's global sheen?

## Airline death spiral ##
Boeing, Transport Canada pilots to conduct 737 MAX flight test: source, flightaware data

## Fault lines/flashpoints/powder kegs/military/war drums ##
US nuclear weapons budget could skyrocket if Russia treaty ends
The New START nuclear pact's demise could cost the Department of Defense as much as $439 billion for modernization, plus $28 billion in annual maintenance costs, the Congressional Budget Office said in a report published Tuesday.
The Eurasian Century has already begun
America's obsession with global strategy resulted in neglect at home and the first casualty will be the dollar
Report: China fires missile capable of destroying aircraft carriers
China fired two missiles, one of which is designed to hit aircraft carriers, as its new amphibious assault ship concluded its first offshore trial.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Two dead as gunfire erupts at Wisconsin protests over the shooting of Jacob Blake
• Coronavirus

## Intelligence/security/internet/cyberwar ##
Kim Jong Un likely neither dead nor in a coma
Speculation that North Korean leader is gravely ill and his sister Kim Yo Jong has assumed power is almost certainly false
Police Requests To Access Your Smart Speaker Are Up 72% Since 2016

## Japan ##
The real problem is the voting system itself. -- RF


Tuesday, August 25, 2020

 

News Links, August 26, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
German economy shrank by record 9.7% in second quarter
Gold at $3,000? 'Upward gold price trajectory to accelerate'
UN Security Council rejects US demand to snap back Iran sanctions
Why there won't be a US-China war
China has spent massively on anti-access/area denial weapons that would make war impractical for the US
U.S. slams Turkey's Erdogan for hosting Hamas
The United States said on Tuesday it strongly objected to Turkish President Tayyip Erdogan's recent hosting of two leaders of Hamas in Istanbul, prompting a swift riposte from Ankara.
Navy Plans For Wartime Ship Surge; Looks To Small Commercial Yards
"We don't have enough capacity for peacetime" repairs, said Rear Adm. Eric Ver Hage. "We can't get ships delivered on time with the predictability we need today."
Protesters ignored the mobilization of the Wisconsin National Guard and an emergency curfew on Monday night to again protest the police shooting of Jacob Blake.
• Coronavirus
I don't know why they would make such a big deal out of this, other than to whip up more anti-China sentiment. This sort of thing goes on all the time, and it's a safe bet that some Americans in China have secret ties to the US military and intelligence. It's what governments do. -- RF
Kremlin defies calls to probe Navalny illness, says poisoning not certain
The Kremlin said on Tuesday it saw no need for now to investigate circumstances leading up to opposition politician Alexei Navalny's grave illness, and that a German clinic's initial diagnosis of  poisoning was not yet conclusive.

## Propaganda/censorship/fake news/alternative facts ##
New Survey Highlights Effectiveness of Anti-China COVID Rhetoric
A new YouGov survey reveals the real effects that Anti-China rhetoric is having on shaping public perception and the reality of COVID-19's impact on the world.

Police to be issued with 'more painful and less accurate' Tasers in England and Wales

## US ##
The Biden Campaign Walks Back its Attack on BDS… Sort Of
The Biden campaign's attack on BDS and activist Linda Sarsour shows that the DNC is not ready to truly embrace the progressive values it claims to represent.


Monday, August 24, 2020

 

News Links, August 25, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Colombian businesses ask government for up to $13.1 billion to stave off collapses
The U.S. Dollar Is Losing Its Position As A Reserve Currency

## Airline death spiral ##
Ban on Air India flights to Hong Kong ignores imported coronavirus cases travelling to city via connecting flights, analysis shows
Delta Air Lines to furlough 1,941 pilots in October: memo

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Troops Withdraw From Major Iraqi Base
South China Sea: Philippine defence secretary says Beijing's 'historical rights don't exist'
Hafter's LNA Rejects Libya Ceasefire
IAEA chief in Tehran, seeks access to Iranian nuclear sites
Pompeo reassures Netanyahu U.S. will ensure Israel's military advantage
Carrier Ronald Reagan conducts air operations in South China Sea
The US sees China's claim on the South China Sea as a purely territorial ambition, but China considers the region a vital buffer against what it sees as US encirclement and aggression. -- RF
Russia Is Winning The Battle For Venezuela's Oil

## Global unrest/mob rule/angry people/torches and pitchforks ##
Detroit police arrest 42 people as protesters, authorities clash after weeks of calm
Wisconsin deploys National Guard as police shooting of Black man sparks unrest

## Energy/resources ##
Biofuels could better aid climate change fight if grown on farmland
Dedicating cropland to energy crops should not be considered lightly because the day could come when people will want to grow food there again. But more important is that the low energy yield of biofuels means they cannot support civilization as we know it. -- RF

## Got food? ##
Florida makes last-ditch effort to save its oyster capital
Trump says he will add $1 bln to food for families program

## Environment/health ##
California wildfires burn more than 1 million acres
• Coronavirus
Scientists doubt convalescent plasma touted by Trump is a 'breakthrough' coronavirus treatment

## Intelligence/security/internet/cyberwar ##
Exposing Pompeo's phony UN snapback stunt in two sentences
Russian opposition leader Navalny shows indications of poisoning — German hospital
TikTok sues U.S. government over Trump ban
Zoom says service restored after U.S. users hit by partial outage
Pandemic Drives Congress To Act On Internet Of Things

## Propaganda/censorship/fake news/alternative facts ##
Brazil's Bolsonaro says journalist 'wimps' more likely to die of COVID-19
Facebook blocks group of one million critical of Thai monarchy amid government pressure

## Systemic breakdown/collapse/unsustainability ##
How Nations Collapse: Disunity
Though many blame Donald Trump for dividing the nation, the nation was already disunited. Trump's election simply added day-glo paint to the lines that had long been hardening between disunited, disaffected camps.

## Japan ##
Japan's creaking computer systems are hampering economic recovery, experts say
Pandemic shatters Abenomics, making Japan structural reforms urgent
Top aide's notes show emperor played role in passing NPT
Tokyo hits 6,642 new infections in August, breaking monthly record

## China ##
China's ageing rural peasants labour into their twilight years as pensions 'cover only oil and salt'

## UK ##
UK COVID-19 R rate rises to 0.9-1.1, epidemic could be growing
Road planners accused of rigging carbon emissions rules
Road planners in England have been accused of rigging accounting rules to disguise the climate impact of new roads.
Travel firms 'desperately need' government help
The UK's travel industry has reached a "critical point" and is calling for further support to stem job losses.

## US ##
'Everybody just started running': 3 people shot at Fayette Mall in Kentucky, police say
The business and money behind police training in the United States
Pompeo address to Republicans at odds with instruction to his own diplomats
U.S. Secretary of State Mike Pompeo will speak to the Republican National Convention this week despite having told U.S. diplomats that presidential appointees may not take part in any such partisan political activity.
Jingle Mail for Malls: Even Biggest Landlords Walk from Malls as Stores Go Bankrupt, Refuse to Pay Rent, Mall Values Slashed Brutally. But those Shorting Mall CMBS Made a Killing
Mall meltdown gets messier. But someone's making money. Here's how they shorted malls.
Authorities issue citywide curfew after police shoot Black man in Wisconsin


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