Thursday, May 25, 2017

 

News Links, May 26, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Don't Believe "Eerily Low" Inflation in Canada: National Bank
"Emergency" Stimulus Is Now Permanent
What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart.

In all fairness, deflation and economic contraction dictate that cuts must be made, and many more are in the offing. One may of course argue about priorities. -- RF
It's one of the bubbles propping up the dead-man-walking economy. -- RF
But keep in mind that it will last only as long as the power grid and internet. -- RF

## Airline death spiral ##
Cebu Pacific suspends flights to some Gulf cities
Airline says scrapped routes are 'no longer viable and sustainable'
TSA Security Lines: Changes Coming at the Airport (video)
Soon travelers will have to pull out more than just laptops from carry-on bags at airport security lines. Food and books may also end up in separate bins, per a TSA experiment.
Hillary Clinton's Syria Revenge
Had Hillary Clinton been elected, she would likely have turned the Syrian war into a global conflict within weeks of taking the oath. However, Clinton may yet prevail. "With Donald Trump now dutifully in synch with the War Party, the U.S. has countered the Syrian-Russian-Iranian-Turkish 'de-escalation' in Syria with a major escalation: 'no-go zones.'
US 'Non-Combat' Troops in Firing Range of ISIS Fighters in Iraq
'Training' Mission Now Means Firing Mortars at ISIS
Ukraine Factions Vie for Lobbying Edge
Though many Ukrainians live in poverty, government officials and oligarchs lavish millions on Washington insiders to buy influence, another example of how foreign lobbying can fuel a crisis.


## Global unrest/mob rule/angry people/torches and pitchforks ##
Embattled Brazilian president orders troops to restore order

## Energy/resources ##
The Dying Fossil Fuel Industry
Cloudy view for energy giant Petronas
Malaysia's state-run oil and gas firm has avoided a credit rating downgrade and financial losses through sharp cost cutting that has crimped its future plans and ambitions
India cancels plans for huge coal power stations as solar energy prices hit record low
That's great news, but keep in mind that renewables won't sustain economic growth or prop up industrial societies. We are in for some painful and shocking changes. -- RF

## Got food? ##
Nearly 2,700 Natural Gas Storage Wells in America Are at Risk for a Major Leak
Across the country, companies keep extra natural gas in aging underground wells that weren't originally designed for such storage.
Most sunscreen products don't actually work

## Intelligence/security/internet/cyberwar ##
Qatar says state news agency website hacked by 'unknown entity'
DOJ Officials Express An Interest In Prosecuting Leakers And Whistleblowers

## Propaganda/censorship/fake news/alternative facts ##
Twitter Suspends WND For Seth Rich Story
Endless Propaganda
The Big Lie works. The Democrat/War Party concocts several howling lies per week, amplifies them endlessly in the corporate media, and then repeats the process the next week with a new batch of lies against targeted states and Donald Trump's associates. Meanwhile, the Democrats offer absolutely nothing of substance.
Pentagon Admits: No Physical Evidence Russia Gave Arms to Taliban
Generals Continue to Make Wild Accusations Without Evidence
In the days of high net energy, it seemed sensible to host the games, and indeed was a much lighter burden than now. Net energy decline guarantees that costs will continue to soar. Cities are having trouble just with the upkeep of the infrastructure needed to maintain their urban functions; adding the Olympics is now a back-breaking load. Now's the time to ask the question: How much longer until the last Olympics? -- RF
But there will be no glorious future in which everybody is hailing EV taxis with their smartphones. There will be far fewer cars of any kind, and — judging by the rate that infrastructure is already deteriorating — few well-maintained roads for them to use. -- RF
Eightfold by 2030? Ain't gonna happen! -- RF
What Is It Like to Live Without Running Water? Detroit Families Know
A recent study predicts that in the next five years, more than one-third of Americans will not be able to afford their water.
But this time it's different! Right? -- RF
U.S. may review plan to relocate forces in Okinawa to Guam
U.S. Marine Corps Commandant Gen Robert Neller said Wednesday the country is considering reviewing its plan to relocate U.S. Marines in Okinawa to Guam in light of recent developments in North Korea and environmental concerns in Guam.

## China ##
Moody's downgrades China's rating to A1
The day China's version of the Lehman crisis explodes
An extraordinary expansion of personal debt poses a major risk to the world's second-largest economy
The rise of the Little Pink: China's young angry digital warriors
Who are these angry Chinese dominating the internet with their jingoistic rage, where are they from and how did they emerge? We tell you
China won't back further measures to rein in North Korea

## UK ##
The great London property squeeze
As affordable housing in Britain's capital is replaced by luxury towers, people on middle incomes are being priced out, while the poor are forced to pay extortionate rents for shocking conditions
Government Austerity Demands That We Die Within Our Means

## US ##
Inflation Isn't Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs
Welcome to debt-serfdom, the only possible output of the soaring cost of living for the unprotected many who are ruled by a hubris-soaked, subsidized Protected Elite.


Tuesday, May 23, 2017

 

News Links, May 24, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Our 24/7 economy and the wealth of nations
Researchers examine the impact on children's development as more parents work nonstandard hours, sacrificing health and well-being
Can Quant Funds Trigger a Stock Market Crash?
Having surged for years, quant hedge funds dominate stock trading.

## War on cash/cashless society ##
Bitcoin value soars to new record over $2,200
## Airline death spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Philippines' Duterte heads to Russia in blow to US
Neocons Are Still Writing The Script
Iran has been in neocon crosshairs for a very long time. U.S. Presidential Administrations come and go, Democrat and Republican, but the neocon script has remained the same.
Catalonia Threatens Immediate Declaration of Independence if Spain Doesn't Approve Referendum
All Power to the Banks! The Winners-Take-All Regime of Emmanuel Macron
Donald of Arabia: A Disgusting Spectacle
Has there been a more disgusting spectacle during the four months of this presidency than the sight of Donald Trump slobbering all over the barbarous Saudi monarch and his murderous family of petty princelings?
Israeli settlers cheer as Donald Trump ends his trip without mentioning Palestinian state

## Global unrest/mob rule/angry people/torches and pitchforks ##
Occupy Silicon Valley: The next populist movement may be aimed at tech wealth, report says

## Energy/resources ##
Fuel Theft Report Exposes '800-pound Gorilla'
It funds illicit activities such as terrorism, transnational crime, militancy and insurgency. Left unchecked, it can contribute to endemic corruption, erode the rule of law and even disguise itself as a public good – an agent of social welfare. Moreover, it occurs on a scale approaching that of drug and arms trafficking. Nevertheless, this problem often receives scant attention from government authorities. What is this proverbial 800-pound gorilla? The theft of refined oil products.

There Aren't Enough Slaughterhouses to Support the Farm-to-Table Economy
Sellers of high-end pork, beef, and chicken agree: there simply aren't enough facilities to humanely and safely kill their animals.
War on Sugar Turns Years of Growth Into Market Tipping Point
Schwarzenegger says you can have four Hummers and still save planet
Three of his Hummers run on hydrogen, vegetable oil and bio-diesel and he's hoping to put an electric engine into the fourth.
Now that's what I call a solution! -- RF
Wildlife Traffickers Exploiting Airlines Worldwide 
A new analysis of global airport wildlife seizure and trafficking data reveals that wildlife traffickers around the world are heavily exploiting the air transport sector to smuggle protected and endangered animals and animal products on commercial flights.

New Cracks in Russia-gate 'Assessment'
President Obama's ex-intelligence chiefs admit they limited input into the Russia-gate "assessment," which was handled by "hand-picked" analysts, raising the specter of politicized intelligence.
Trump Lets Saudis Off on 9/11 Evidence
Like his predecessors, President Trump made nice with the rich royals of Saudi Arabia, despite damning evidence that they have supported Islamic terrorists, including the 9/11 attackers.

## Propaganda/censorship/fake news/alternative facts ##
How Russia Became "Our Adversary" Again

## Systemic breakdown/collapse/unsustainability ##
TINA's Legacy: Free Money, Bread and Circuses and Collapse

## Japan ##
Bitcoin going mainstream as Japanese business signs on
Some 300,000 stores seen taking the virtual currency this year
Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate
Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability.

Car loans, low rates, second mortgages: all the ingredients for a new credit crunch
The relentless rise in consumer borrowing is starting to cause real concern in the financial services industry. And with good reason
Sloppy Subprime Loans Will Deepen Auto Woes
It's no secret the auto-loan business has been going gangbusters in the past few years. But it's surprising to learn just how lax lending standards have become as firms jostle for market share.
Liar Loans Dog Subprime Auto-Loan-Backed Securities
Santander, top subprime auto lender, verified income on only 8% of loans: Moody's.
America's Cities Are Running Out of Room
Everyone wants to live downtown, but only the rich can afford it. And it's getting worse.
Too many humans. -- RF


Sunday, May 21, 2017

 

News Links, May 22, 2017

Keep in mind that deflation is a function of net energy decline. Attempts at reflation, such as governments taking on more debt, are meant to compensate for net energy decline. But it's a losing battle. -- RF
Top diplomats offer signs of Sino-US progress on handling North Korea
Undeterred by East China Sea intercept, Yang and Tillerson agree to closer cooperation between China and United States
Iran's Victory for Moderation
Iranian President Rouhani's solid reelection victory clears the way for Iran to continue its efforts to reengage with the global community and expand freedoms domestically.
Landslide Win for Iran's Reformists Doesn't Fit Trump's Script, So He Ignores It
The hypocrisy of America's support for unelected despots in the oil-rich Gulf states is not new, but Donald Trump's lavish praise for them on Sunday, as allies against "Islamist extremism" and "the oppression of women," was particularly striking, coming one day after Iranian voters danced in the streets to celebrate their reformist president's landslide re-election.
Israeli Justice Minister Slams White House Map of Israel for Not Including West Bank
Slams US 'Ignorance,' Vows to Ensure Palestinians Never Get a State
Saudis Embrace Embattled Trump
Escaping the tribulations of Washington, President Trump basked in the Saudi monarchy's gilded welcome and promised a flood of U.S. weapons to tilt the region's military balance against Iran, a bad bet on the past.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Venezuelans shut down capital roads to protest government
The Pillage of Pemex Turns Bloody
Gasoline theft is now the second most profitable activity for Mexico's criminal gangs.

## Got food? ##
Instagram, an app that people use to share photos of their lives as seen through a series of flattering filters, was rated worst for the mental health of young people in a study by the Royal Society for Public Health in the U.K.

## Intelligence/security/internet/cyberwar ##
US officials: 'Back channel' between Trump and Putin discussed
JFK and Khrushchev had a back channel, and history shows it's a darn good thing they did. -- RF
The Gaping Holes of Russia-gate
Between Russia-gate and President Trump's potential impeachment, Washington is blending the thrill of McCarthyism and the excitement of Watergate, as ex-U.S. intelligence officials Ray McGovern and William Binney explain.
How Did Russiagate Start?
Amid the chaos of James Comey's firing, new questions about the timeline of his fateful investigation
Not Remembering the USS Liberty
Desperately seeking some praise, President Trump surely won't remind Israeli Prime Minister Netanyahu about the USS Liberty, which Israel nearly sank a half century ago killing 34 sailors.
Israel Lobby Pays the Political Piper
The Israel Lobby is so powerful that for years it insisted it didn't exist – and Official Washington went along with the lie. Today, President Trump scrambles to secure the lobby's blessings.

## Propaganda/censorship/fake news/alternative facts ##
Democrats are falling for fake news about Russia

## China ##
China killed CIA sources, hobbled U.S. spying from 2010 to 2012: NYT
China killed or imprisoned 18 to 20 CIA sources from 2010 to 2012, hobbling U.S. spying operations in a massive intelligence breach whose origin has not been identified, the New York Times reported on Saturday.

## UK ##
Shocking declines in bird numbers show British wildlife is 'in serious trouble'
Pesticides, hedgerows being ripped up and the intensification of farming have contributed to a 55 per cent fall in farmland birds since 1970, a Government report says
'The police service is living hand to mouth' | Anonymous police officer
U.K. Threatens to Quit Brexit Talks If It Faces Massive Bill
Home ownership among younger generations HALVES in just over 20 years across large parts of the UK

## US ##
Trump to offer exclusive contract to service U.S. student loans
President Donald Trump's administration will soon offer an exclusive contract that will give one company the right to service billions of dollars of outstanding federal student loans now handled by four companies, officials said on Friday.


Friday, May 19, 2017

 

News Links, May 20, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Greek parliament approves new austerity measures
'They stole my money': Greek dreams of retirement turn sour
Your favorite car companies are about to look very different
Australian economy among 'walking dead of debt', economics professor argues
Russians Are Laughing at the U.S., Not Just at Trump
New record set for Dubai's most expensive penthouse

## Airline death spiral ##
Plane passengers should be paying each other to recline, say law professors
The friendly skies not so friendly
Etihad Airways' $4 Billion Expansion Plan Stalls
U.S. Probes Attempted Cockpit Breach on American Air Jet

## Fault lines/flashpoints/powder kegs/military/war drums ##
NATO Laying Groundwork to Send More Troops To Iraq, Afghanistan
Under police escort, S.African ambulances brave attacks
When an emergency call comes in from one of South Africa's most crime-ridden neighbourhoods, ambulances do not rush straight to the scene but to a police station first to request an armed escort.
Syria, Russia condemn US-led strike on pro-Assad forces
Trump to Announce $350 Billion Arms Deal During Saudi Arabia Visit
White House Will Present Sale as Targeting Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek police fire tear gas as anti-austerity protest turns violent

## Energy/resources ##
U.S. Shale Just Won't Die: Bankrupt Drillers Rise Again
If shale is so fantastic, why doesn't the industry make any money? And why weren't they drilling 50 years ago? -- RF
Like shale oil and oil sand, methane hydrate is junk energy. -- RF
Oil industry to get $235 million government loan to help clean up abandoned wells
The oil industry in Canada's resource-rich Alberta will be on the hook for a $235 million government loan to clean up a rising number of oil wells abandoned by owners who have gone bankrupt, the province said on Thursday.
Well, this looks serious. Seeing that the oil industry has fallen on hard times, we can expect more bankruptcies, and more governments on the hook for cleanups. -- RF
Even if FF vehicles vanish, they certainly won't be replaced by EVs. -- RF

## Environment/health ##
Hanford is Ripe for a Radioactive Explosion
Nothing can compare with the world-girdling US network of spy stations. -- RF
Do High-Level Leaks Suggest a Conspiracy?
Widespread concern inside Official Washington about President Trump's unfitness for the job is fueling a campaign of high-level leaks that is taking on the look of a "soft coup."


## US ##
Pence Begins Presidential Campaign Unofficially
On April 25, the DNC filed its second motion to dismiss the case, arguing that they are under "no contractual obligation" to follow their charter, and have the right to favor one candidate over another.
If that's true, then why hold a primary? If a political party already favors one candidate and sabotages the campaign of another to help the favorite, holding a primary is just a pointless show. -- RF
Americans Are Paying $38 to Collect $1 of Student Debt
Student loan defaults are a bonanza for the debt collection industry.
The Open Secret of Foreign Lobbying
Russia-gate has focused attention on requirements for U.S. citizens acting as "foreign agents" to register with the Justice Department, but these rules have been sporadically or selectively enforced for decades.

And finally...
Florida man bit on tongue by rattlesnake he tried to kiss


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