Posts
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Global Ponzi meltdown/House of Cards ##
The
Next Global Meltdown Is Baked In: Connecting the Dots Between Oil,
Debt, Interest Rates and Risk
One
of the Grand Narratives of our era is the substitution
of debt for income: as earned income
and disposable income have stagnated for 40 years, the gap
between the rising cost of living and stagnant household income
has been filled by borrowed money.
Emerging-market
companies that took on more than $2 trillion of foreign
borrowing since 2008 are vulnerable to an evaporation of
funding at the first sign of trouble, according to the Bank
for International Settlements.
China
has invited India to participate in the Asian Infrastructure
Investment Bank (AIIB) — Beijing’s brainchild to
steer development along the ancient “silk route” free from
the influence of western-backed lenders such as the World Bank
and the Asian Development Bank (ADB).
China's central
bank said it has signed agreements for yuan clearing arrangements
with France and Luxembourg, with the aim of promoting greater
use of its currency overseas.
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Airline Death Spiral ##
The
airliner might consider privatisation, discontinuing some routes, and
layoffs.
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Iraq ##
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Fault lines/flashpoints/powder kegs/military/war drums ##
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Global unrest/mob rule/angry people/torches and pitchforks ##
Law
exempts soldiers and police from criminal responsibility if they
cause injuries or deaths
Israeli
police today forcibly broke up up a three-day desert sit-in by
hundreds of African migrants who bolted a detention center
to march toward the Egyptian border, where they were rebuffed by
Egyptian soldiers.
"The
howl of rage from polarization and the crippling cost of
welfare dependence is a toxic cocktail commingled to
stall growth and foster discontent," he is quoted as
saying.
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Energy/resources ##
Egypt’s
daily fuel deficit is expected to worsen in Ramadan to 16m sq metres
each of gas and electricity if citizens do not ration
energy consumption, according to a senior official at the
Egyptian Gas Holding Company (EGAS).
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Got food? ##
The
technology in question is nanotechnology, the process of
manipulating or creating matter at the molecular level.
While there are a range of uses for nanotechnology,
including the development of clothing and cosmetics, it has
become particularly prevalent in the commercial food sector.
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Environment/health ##
Deforestation:
Our Disappearing Woodlands (infographic)
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Intelligence/propaganda/security/internet/cyberwar ##
So
it seems that Facebook and the U.S. military are likely
working together to study civil unrest and work on ways
to manipulate the masses into apathy or misguided feelings
of contentment in the face of continued banker and oligarch
theft.
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Systemic breakdown/collapse/unsustainability ##
The
Obama administration warned states on Tuesday that federal
highway funds will be largely depleted in August, limiting the
money states can expect from Washington to pay for road and bridge
projects this summer.
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Japan ##
Japan
may cut crude refining capacity by as much as 10 percent, or
400,000 barrels per day (bpd), by March 2017, under a new
round of reductions set to be forced on the country's refiners
amid forecasts for declining demand for oil products.
The government,
facing the first summer in 40 years without nuclear power, is
fielding complaints from residents who say key points have
been missed in planning for any mass evacuation.
Prime
Minister Shinzo Abe's cabinet adopted on Tuesday a resolution
dropping a ban that has kept the military from fighting overseas
since World War Two, Defence Minister Itsunori Onodera confirmed,
a dramatic step away from post-war pacifism and a political victory
for the conservative premier.
The
government on Tuesday launched a voluntary power-saving campaign for
businesses and households in all parts of Japan except Okinawa,
in order to conserve electricity.
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China ##
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UK ##
Department
of Work and Pensions figures show recession and slow recovery mean
families no better off than 12 years ago
The
ageing oil and gas network of the UK North Sea is seeing a
welcome rise in interest from infrastructure specialists
and pension funds, giving oil majors a chance to offload unwanted
assets and ultimately improve recovery from mature fields.
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US ##
"It's
frightening, because you think this is something that only happens
somewhere like Africa."
Federally funded
programs will add at least 2,300 new primary care practitioners by
the end of 2015, but the funding for at least one of those
programs is set to expire at the same time, contributing to a
massive shortage of doctors available to treat patients —
including those newly insured through the Affordable Care Act
and Medicare.
Americans'
confidence in all three branches of the U.S. government has
fallen, reaching record lows for the Supreme Court (30%)
and Congress (7%), and a six-year low for the presidency (29%).
The presidency had the largest drop of the three branches
this year, down seven percentage points from its previous rating
of 36%.
That's because
of a landmark decision from one of the highest state courts in the
land. Upholding the right of individual towns to regulate
shale drilling, trumping state or federal regulatory regimes.
Colorado
school districts are collecting broad, detailed educational and
psychological data on their students for use by private companies
and the federal government, yet parental access to the
same information remains limited and difficult to come by.
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