Posts
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Global Ponzi meltdown/House of Cards ##
"In
general, we are trying to avoid extending dollar loans in order
to de-dollarize the economy."
Russian
President Vladimir Putin on Thursday shrugged off the negative
impact of Western sanctions, saying they will only
encourage Russia to build closer ties with China, India and
Latin America.
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Airline Death Spiral ##
The
first radio links with pilots were lost just as the pre-dawn crush of
flights into Chicago began. Air-traffic controllers
in a nondescript Federal Aviation Administration building about
40 miles from the city switched to backup channels. Then
those failed. They tried emergency connections, which also went
dead.
The
display units provide crucial flight information including
airspeed, altitude and navigation information, and cost thousands
of dollars each. Replacing all the units is expected to cost
airlines nearly $14 million, according to the FAA document.
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Fault lines/flashpoints/powder kegs/military/war drums ##
The
sanctions against Russia are backfiring on the US. We at Casey
Research were the first to state that the sanctions were not
going to play out the way Obama had intended. As I’ve stated
in these missives, the Russians are playing a complex game of
chess; Obama is at the table, but he thinks he’s playing
Connect Four.
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Global unrest/mob rule/angry people/torches and pitchforks ##
##
Energy/resources ##
All
these schemes for turning organic materials into vehicle fuel suffer
from the same delusion: that they could be scaled up enough to run
industrial civilization. What's more, they're dependent on fossil
fuels. -- RF
But
now that wind turbines stand tall across many parts of the
nation's windy heartland, some leaders in Oklahoma and
other states fear their efforts succeeded too well,
attracting an industry that gobbles up huge subsidies, draws
frequent complaints and uses its powerful lobby to resist
any reforms. The tension could have broad implications for
the expansion of wind power in other parts of the country.
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Environment/health ##
##
Intelligence/propaganda/security/internet/cyberwar ##
Despite
overwhelming evidence linking the CIA to drug traffickers, that
sordid reality remains one of the great taboos of the mainstream
U.S. media, which rallies to destroy anyone who points out the
facts, a fate that befell journalist Gary Webb.
Newly disclosed
government documents show that U.S. Secretary of State
Henry Kissinger drew up plans to "smash Cuba" with
air strikes nearly 40 years ago, in response to Cuban President
Fidel Castro's 1976 military intervention in Angola and the
small country's pursuit of its own foreign policy in Africa.
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Systemic breakdown/collapse/unsustainability ##
##
Japan ##
Four
regional utilities stopped signing contracts to buy renewable
energy from big solar power plants and other suppliers starting
Wednesday, limiting an influx that is testing the
nation’s electricity grid.
In
this way, new offices and organizations spring up in every country to
deal with the plethora of emerging problems, thereby hastening the
collapse of governments under their own weight. -- RF
##
China ##
China
will ban localities from taking on additional off-the-books debt
while allowing them to issue bonds to meet their funding needs,
according to risk management plans the central government
announced Thursday.
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UK ##
Loss
will take £500m a year off collective profits, but consumers will
suffer as dual fuel bills will be 20% higher, experts say
Up
to 600 GP surgeries in Britain could close over the next year because
family doctors are due to retire and a recruitment crisis
may mean there is no one to replace them, according to the
leader of Britain’s GPs.
##
US ##
Corporate
power beefs up its White House rolodex as Comcast executive re-joins
President Barack Obama's inner circle
George
W Bush has declared his younger brother Jeb "wants to be
president", fuelling speculation that the Bush dynasty
may soon launch a fresh bid to retake the White House.
And
finally...
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