Posts
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Global Ponzi meltdown/House of Cards ##
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Cut, baby, cut! ##
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Airline Death Spiral ##
As
I noted on July 23, "As the world becomes increasingly unstable,
the skies will become increasingly unfriendly to commercial
aircraft." -- RF
Most
of the 184 domestic airports operate at a loss every year. The China
Airport Development Fund, 6 percent of whose revenues
Chinese carriers contribute, subsidizes the losses. Last year
144 airports, including a few classified as regional, posted
a combined loss of $1.97 billion.
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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 ##
A
Greek court's decision to acquit local farmers who admitted shooting
28 Bangladeshi strawberry pickers when they dared to ask
for months of back pay has sparked outrage in the country.
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Energy/resources ##
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Infrastructure scavenging ##
Thieves
plunge Centurion into darkness (South
Africa)
Residents
see red over rampant cable theft (Malaysia)
Thieves
‘loot’ ZRL infrastructure (Zambia)
ZAMBIA
Railways Limited is losing millions of Kwacha through theft of the
company’s installations.
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Got food? ##
Food
prices skyrocket (India)
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Lifestyle Solutions ##
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Environment/health ##
Germany's
Environment Agency said it wanted to make fracking practically
impossible to head off the risk that the technique for
extracting gas could contaminate groundwater with chemicals.
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Intelligence/propaganda/security/internet/cyberwar ##
USB
devices such as keyboards, thumb-drives and mice can be used to
hack into personal computers in a potential new class of
attacks that evade all known security protections, a top
computer researcher revealed on Thursday.
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Systemic breakdown/collapse/unsustainability ##
Cracks
emerged in concrete girders. A drainage hole on the bridge deck
plugged up. Rust showed above piers. Seven years after the
collapse of its predecessor, the new Interstate 35W bridge has been
showing its age.
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Japan ##
Japanese
industrial output fell the most since the March 2011 earthquake,
highlighting the widening impact to the economy of
April’s sales-tax increase.
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China ##
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UK ##
Police
are to start seizing drivers’ mobile phones after a crash in order
to check whether they were texting or calling while at the
wheel.
They
are the age when those in their parents’ generation would have
hoped or even expected to have a family home of their own. But
increasing numbers of people in their 40s are choosing to abandon
the property market altogether to become lodgers because of
soaring property prices and rents.
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US ##
It’d
be tempting to think that the days of subprime loans fueling the
economy were a product of the era of the aged or departed
Ace Greenberg, Alan Greenspan and Angelo Mozilo. Except when you
break down the growth in GDP, it’s clear that car and
light truck purchases played a major role. And subprime loans,
in turn, are financing those transactions.
And
finally...
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