Tuesday, September 15, 2020

 

News Links, September 16, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Virus restrictions threaten Asia economic recovery in 2021: ADB
A Growing Debt Mountain Is Starting to Crack as Asia Buyers Balk
Bond investors in three of Asia's biggest emerging markets are starting to push back against record increases in government borrowing, an ominous sign for policy makers trying to revive economic growth with fiscal stimulus.
Ron Paul: the real reasons behind U.S. - China tensions
Why the Hoped-for Solution to Out-of-Control Government Debts Won't Work This Time
"Rapid growth is no longer possible" and "inflation is not going to be tolerated" in societies with slow wage growth: head of central bank of Singapore. It has been said out loud.
What's to Be Done Now with All These Zombie Companies?
Europe's zombie firms are multiplying like never before. In Germany, one of the few European economies that has weathered the virus crisis reasonably well, an estimated 550,000 firms — roughly one-sixth of the total — could already be classified as "zombies", according to research by the credit agency Creditreform. It's a similar story in Switzerland.

## Airline death spiral ##
Mother, 2-year-old escorted from Southwest Airlines flight because of mask policy

## Fault lines/flashpoints/powder kegs/military/war drums ##
When will the US military return to pre-COVID normal? Probably never, this admiral says
America vs. Russia: Brinksmanship With Nuclear Bombers Risks Starting a Disastrous War
B-52s vs. Russian jets in the Black Sea could start a crisis that spark a war no one would ever want.

## Got food? ##
Farmed soils are thinning across the globe, study finds
More than 90 percent of traditionally farmed soils are thinning, according to a new global survey of soil erosion rates.Some American cities could grow all their food locally, study finds
Of course some pretty iffy assumptions underlie this finding. Those assumptions include not just the trucks that would transport and deliver food and inputs, but also the farm machinery and other industrial products that make modern agriculture possible. -- RF
Julian Assange and the Conservative Press
To be honest, I didn't think it would ever happen, even though it's been so obvious for so long. But all of a sudden, the conservative voices questioning the Russia collusion narrative and all the investigations that followed from it, are finally figuring out that those behind that narrative and all that resulted from it, are the same people who have been chasing down Julian Assange for many years.
The story is ridiculous. We are repeatedly told that novichok is deadly poison, and that even a tiny amount kills. Yet it failed to kill Navalny and the Skripals. But even more important is that — as Craig Murray observed — "If Putin wanted [Navalny] dead, he would be dead." -- RF

## Systemic breakdown/collapse/unsustainability ##
'USA Political & Economic Collapse': Hedges Interviews Wolff (video)
U.S. workers, which for long enjoyed a better life than most workers, is being crushed by class war in the midst of a pandemic, and it will only get worse, economist Rick Wolff tells Chris Hedges.
The Four D's That Define the Future

UK has experienced 'explosion' in anxiety since 2008, study finds
Exclusive: financial crash, austerity, Brexit, climate change and social media blamed for large rise
US industrial production growth slows, up 0.4% in August
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounce back recorded in previous months when factories were coming back to life
'We were shocked': RAND study uncovers massive income shift to the top 1%
The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn't being "reverse distributed" every year away from the working class.
The War on You: How the Pentagon is Militarizing Social Control
Neoliberalism benefits the few and makes life for the many increasingly impossible. Big data and blanket surveillance give state and corporate intelligence confidence that they can pre-empt and manage mass, social reactions to neoliberalism. This article is an excerpt from my new book, The War on You.
Bezos Doubles Wealth as Amazon Essential Product Prices Rise 1000% Amid Pandemic
A report by Public Citizen found that "Amazon is engaged in price gouging on products it sells directly" through its Amazon Essentials line, with products like facemasks and corn starch seeing elevenfold increases in price.




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