Saturday, June 24, 2017


News Links, June 24, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
EU Political Class Rides Roughshod over Citizens' Concerns & Frustrations as it Pushes Integration
Fitch: Global Ports Sector Faces Structurally Slower Growth
Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, Fitch Ratings says.

## Airline death spiral ##
Flying may be slowly killing you
A new study says the contaminated air on planes can result in health problems

## Fault lines/flashpoints/powder kegs/military/war drums ##
Secret Yemen Prisons Of UAE Sexually Assaulted And Tortured Inmates With Fire, Captives Say

## Energy/resources ##
The quest for 100% renewables – can curtailment replace storage?
Can storage requirements be reduced to manageable levels by producing more renewable energy than is needed to fill demand and curtailing the surpluses? The answer is no.
Underperforming Energy Sector May Soon See M&A Wave
China's State Grid Buys Stake in Greek National Power Operator

## Propaganda/censorship/fake news/alternative facts ##
Smoking Gun Proof that Russia Hacked the Entire World
A tongue-in-cheek look at the "evidence." -- RF
The absurd hysteria over Russia continues today from yours and my favorite Russia-hysteria promotion site: the Washington Post.
Turkey to stop teaching evolution in secondary schools as part of new national curriculum
Education official says students too young to understand 'controversial subject'

## Systemic breakdown/collapse/unsustainability ##
The Over-Criminalization of American Life

## China ##
Torn between options, what can China do to rein in North Korea?
Any punitive measures by Beijing against companies allegedly ­supporting North Korea would be carefully calibrated – to push Pyongyang to stop its nuclear tests but avoid being seen as giving in to US pressure, analysts say.

Thursday, June 22, 2017


News Links, June 23, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Real Reason behind Qatar's Gulf State Freeze Out
Hint: Al Jazeera, Muslim Brotherhood, and the Arab Spring.
Saudis, Allies Have 'List of Demands' for Qatar
The US seems keener to strike at Syria's Assad than it does to destroy Isis
We Are Inches From A New World War, And Clintonists Are To Blame
Killer Drones and the Militarization of U.S. Foreign Policy
The militarization of U.S. foreign policy certainly didn't start with President Donald J. Trump; in fact, it goes back several decades. However, if Trump's first 100 days in office are any indication, he has no intention of slowing down the trend.
As ISIS Loses Ground, US Is on a Collision Course With Syria and Iran
US May Struggle to Pick a Fight With Iran and Not Get Russia Too
Probably many world leaders, including Trump and Kim, are psychopaths. -- RF

At least 1,850 refugees have lost their lives on the dangerous crossing so far this year, says the IOM

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tunisian Protesters Shut Down Oil And Gas Pipelines, Again
Amid Critical Blackouts, Pakistan Races to Fix Power Network
The BP Statistical Review of World Energy 2017
Sinking Louisiana: A Major Threat To Billions In Oil Infrastructure
That Louisiana is sinking into the Gulf of Mexico is not news. Rising seas and coastline erosion have been working together for decades, but this sinking may well be happening faster than previously thought—threatening billions and billions of Louisiana oil infrastructure.
Rig Trends: Offshore Rig Market Recovery Reports Premature
For quite some time now, many oilfield analysts have reported the beginning of a recovery in offshore rig demand. Recent report headlines, however, have now started to use phrases like "elusive recovery" or something similar. The fact of the matter is that a recovery never really started.
New research suggests colloidal silver and silver nanoparticles can damage DNA.
[Scientists] also raised the alarm about the most disturbing thing they uncovered: pounds and pounds of trash. Humans have rarely made it to these depths, the scientists said, but our garbage has.
The history that Iranians have never forgotten, but Americans never knew. -- RF

## Propaganda/censorship/fake news/alternative facts ##
Valedictorian goes off script, so the school cut his mic

## Systemic breakdown/collapse/unsustainability ##
The American Empire's War Machine Is Running out of Steam

## Japan ##
Japan's ruling party plows ahead with constitutional change
Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources
IMF urging structural reform
The International Monetary Fund's annual report on Japan's economy urges the government to speed up structural reform. It warns that both personal consumption and corporate investment are too weak.

America Is Now a 'Second Tier' Country
Some 17 others, including all of Scandinavia, outperform the U.S. by a wide margin when it comes to well-being.
The U.S. Economy is a Perverted, Neo-Feudal, Rent-Seeking Abomination
Automation's Destruction of Jobs: You Ain't Seen Nothing Yet
 Poverty rates across the country have grown at a markedly faster rate in the suburbs than in cities, upending common wisdom about why and where people are getting poorer. Since the early 1990s, poverty has grown by 50 percent, leading to a doubling of the number of poor folks in places previously associated with soccer fields and shiny malls.
Russia-gate Flops as Democrats' Golden Ticket
The national Democrats saw Russia-gate and the drive to impeach President Trump as their golden ticket back to power, but so far the ticket seems to be made of fool's gold.
At FBI, Mueller Oversaw Post-9/11 Abuses
The U.S. mainstream media gushes over Russia-gate special prosecutor Robert Mueller as an upright man of the Establishment, ignoring how he oversaw abuses of innocent Arabs after 9/11.
Divide widens between housing haves and have-nots
Pension Crisis Won't Be Reversed by High Returns, Moody's Says
Gun owners are outraged by the Philando Castile case. The NRA is silent.
US Bill "Stop Arming Terrorists" gets only 13 votes in Congress

Tuesday, June 20, 2017


News Links, June 21, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
German Politicians Hammer the ECB, But Only to Get Votes
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
IMF's new program to preapprove emergency access to dollars
The International Monetary Fund will introduce a framework to mitigate currency crises by ensuring easy access to dollars without requiring the onerous structural reforms that have marked past rescue programs.
It's virtually certain that most currently existing national governments, including that of Argentina, will not exist 100 years from now. -- RF
What Is the Market Telling Us?
The entire global economy now depends on this stripped-of-information "market" for its stability.

## Airline death spiral ##
Australia Halts Syria Air Strikes After Russia Warning
Following Russia's warning that US-coalition warplanes that stray outside of certain parts of Syria will be considered targets for their air defense, Australia has announced it will be totally halting air operations inside Syria as a "precautionary move."
Spoiling for a Wider War in Syria
America's neocons are back pounding the war drums, urging President Trump to escalate U.S. military attacks inside Syria even if that means hitting Russian targets and risking a new world war.
Israel Secretly Paying Salaries of Syrian Rebels on Golan Heights Border: Report
Israel is secretly supporting Syrian rebels operating near its occupied Golan Heights territory, providing money, food, fuel and medical supplies, according to fighters who claim to receive the aid.
The Qatar Blockade, the Petro-Yuan, and the Coming War on Iran
Indonesia, Malaysia, Philippines launch joint sea patrols
Southeast Asian neighbors Indonesia, Malaysia and the Philippines launched coordinated maritime patrols on Monday to intensify their fight against Islamic militants who have laid siege to a southern Philippine city. 
Saudis Foil Attack By Unknown Enemy On Offshore Oil Field
More Damning Evidence That the U.S. Is Directly Backing Al Qaeda-Linked Groups
Qatar Accuses UAE of Supporting 9/11 Terror Attacks as Diplomatic Crisis Deepens
Why is everything "massive"? Don't journalists know any other adjectives? -- RF
Israeli Settlement Construction Rates Soaring Across West Bank
The latest figures released by Israel's Bureau of Statistics is showing a massive escalation in settlement construction across the occupied West Bank, with construction starting on 2,758 houses in the past 12 months, an increase of 70% over the previous 12 months.
Many businesses are salivating over the prospects for the nuke plant decommissioning market, but plant owners and operators will be spending far less money on such services than now envisioned. I stand by my prediction that most nuclear power plants will never be properly decommissioned (if at all), with the result that our planet will be peppered with what are in effect nuclear time bombs. -- RF
Oil Bears Are Back as Prices Fall and Driller Shares Take a Hit

## Got food? ##
Global warming brews big trouble in coffee birthplace Ethiopia
Rising temperatures are set to wipe out half of Ethiopia's coffee-growing areas, with loss of certain locations likened to France losing a great wine region

## Solutions ##
Invest in the Highest Value Asset: Personal Skills

## Environment/health ##
In 2014, scientists with the USGS published a report where they modeled what would happen if a large, explosive eruption took place at the supervolcano. Their findings showed most of the country would be covered in a blanket of ash, with some areas being buried up to a meter deep.

## Intelligence/security/internet/cyberwar ##
Google tightens measures to remove extremist content on YouTube
Limiting entry to casinos to curb gambling addiction

## China ##
Hong Kong bridge scandal widens with revelation that concrete tests were faked at 55 other projects
Government department also reveals an extra 116 'problematic' findings that lab contractor Jacobs China carried out on the mega bridge
As Hong Kong Flats Shrink, Developers' Coffers Swell
Sometime later this year, Hong Kongers may be able to pay for the privilege of living in apartments so small they're comparable to prison cells.
Obviously there are too many humans. But it's taboo to say so. -- RF

## UK ##
Brent Exit
UK has actually more important problems to solve than the planned Brexit, and this is the exit of their oil and gas industry over the years to come. This is not a voluntary exit; it is forced on the economy by the laws of oil depletion which governments are still in denial of.
Several injured when vehicle rams people leaving London mosque- witnesses
Nobody Wants Trump in Office More Than Democrats
When voters gave [the Democrats] majorities in Congress in 2006, telling exit pollsters that the top reason was to end the war on Iraq, Rahm Emanuel openly told the Washington Post they planned to keep the war going in order to run "against it" again in 2008.

Sunday, June 18, 2017


News Links, June 19, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Fear of Contagion Feeds the Italian Banking Crisis
At first, deny, deny, deny. Then taxpayers get to bail out bondholders.
We're in a Boiling-Point Crisis of Exploitive Elites
The "fixes" to the stagnation of postwar Capitalism in the 1970s were financialization, globalism, and the sustained expansion of debt--all have run out of steam.
The Pin To Pop This Mother Of All Bubbles?
A worsening shortfall in new credit creation
Remember: economic expansion requires debt expansion. It works until it doesn't. -- RF
Stockman: This is the Most Hideously Overvalued Market in History

## War on cash/cashless society ##
The War On Cash Is Now Becoming The War On Cryptocurrency
LCCs want to cancel service due to few bookings
Japan's transport ministry is considering whether to allow low-cost carriers to cancel flights when only a small number of seats are sold.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Afghan soldier's insider attack wounds 7 American soldiers
US Intervention in Syria at Crossroads
The U.S. has stumbled into a trap in the Syrian desert town of Al-Tanf, and the big question now is whether it will stay, leave, or try to save face by putting on a show of force. Given the crisis mentality in Washington these days, the answer is likely the last. If so, the effect will be to take a bad situation and make it much, much worse.
Service stations, rest stops, and cafés! You can't make this stuff up. -- RF 
Saudi declines offer of Turkish military base
Saudi Arabia has said a Turkish military base, similar to that built in neighbouring Qatar, would not be welcome in the kingdom, insisting it is "not needed".
Donald Trump's 'free Cuba' plan could actually hurt Cubans

## Energy/resources ##
The piece includes the standard claptrap about how the fracking revolution has pushed break-even prices to absurdly low levels.  But another article in the same newspaper on the same day described how producers are losing $0.33 on every dollar in the red hot Permian basin shale plays. Oops.
California hits the solar wall
Drought may expand its grip on north-central US this summer
It's June, and already, North and South Dakota are experiencing a severe drought, while portions of Minnesota, Illinois, Iowa, Missouri, Indiana, and Michigan are experiencing abnormally dry conditions. And according to the forecast, it could get worse.
Singapore's farmers raise rare voices
These peri-urban farms supply around 10% of Singapore's vegetables and fish. The remaining 90% of the city-state's food is imported, as is 60% of its water. That dependency is increasingly a cause for concern.
Singapore is one of the last places you want to be when the bottom falls out. -- RF

## Intelligence/security/internet/cyberwar ##

## Systemic breakdown/collapse/unsustainability ##
Summer of Hate: The Arrival of the Crisis and The Second Civil War?
Officially begun in 2001, with roots extending back to the late 1980s, the F-35 program is nearly a decade behind schedule, and has failed to meet many of its original design requirements. It's also become the most expensive defense program in world history, at around US$1.5 trillion before the fighter is phased out in 2070.

## US ##
Official warns Illinois finances in 'massive crisis mode'
San Francisco Bay Area Sheds Jobs and Workers
Commercial and residential real estate bubbles choke the economy. The upper bounds of hype and craziness have been reached.
Cab Drivers Union Says Chicago Taxi Industry Is Nearing Collapse
America's most successful companies are killing the economy
Winner-take-all companies, including Alphabet and Wal-Mart, are driving down wages and destroying communities

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