Junk-Bond
Bubble Implodes Beyond Energy, Deals Scuttled, Yields Soar,
Suddenly “Insufficient Demand”
Get
those Cubans using credit cards! Because we need a continuous stream
of new people to feed the Ponzi economy, one of the first things to
do when "opening" a country (er, market) is to start
getting people into debt. Remember, the economy grows by expanding
debt, so this is absolutely essential to prop up the system. -- RF
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Airline Death Spiral ##
Airline
complaints to the US Department of Transportation rose 30 percent
over the past five years, according to an analysis by a
consumer advocacy group.
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Fault lines/flashpoints/powder kegs/military/war drums ##
The
Ukrainian parliament passed a vote on
Tuesday officially declaring Russia as an aggressor state
and naming the self-proclaimed Donetsk and Luhansk People’s
Republics as terrorist organizations.
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Global unrest/mob rule/angry people/torches and pitchforks ##
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Energy/resources ##
Oil and
gas investors are bracing themselves for more bad news as
Canadian energy companies kick-off their fourth quarter
earnings this week.
Spending in
the Bakken play in North Dakota will drop by 18 percent in
the weakened oil price market, U.S. energy company Hess
Corp. announced.
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Got food? ##
Costlier
food hits low-income families harder (Singapore)
Don’t
read this before lunch. Diners are finding cockroaches, flies and
human hair in their food, and complaints are piling up.
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Environment/health ##
The
harvesting of wood to meet the heating and cooking demands
for billions of people worldwide has less of an impact on
global forest loss and carbon dioxide (CO2) emissions than
previously believed, according to a new Yale-led study.
Rationing,
supply problems and reservoirs at high-alert levels are already
a reality in five of Brazil's 10 major metropolitan areas:
Belo Horizonte, Campinas, Recife, Rio and São Paulo.
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Intelligence/propaganda/security/internet/cyberwar ##
Social
media sites, including Facebook and Instagram, suffered an
outage on Tuesday morning around the world, with both desktop
and mobile sites affected.
##
Systemic breakdown/collapse/unsustainability ##
Almost
200 million people in East Asia moved to urban areas in the
decade to 2010, the World Bank said Monday, creating a
massive challenge to the region’s planners.
As
the Middle Class Evaporates, Global Oligarchs Plan Their Escape
from the Impoverished Pleb Masses
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Japan ##
For
decades government policy, which favors the urban industrial economy,
has impoverished the countryside and kept it on life support with
porkbarrel make-work construction projects. Now suddenly it's time
for the countryside to shape up or die. Not that Japan had any real
choice if it wanted to participate fully in the globalized economy.
The countryside was sacrificed on the altar of global capitalism. --
RF
The
number of complaints about foreign substances found in food
bought at stores or served at restaurants has mounted to 16,094
in nearly six years since fiscal 2009, the National Consumer
Affairs Center of Japan said Monday.
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China ##
##
UK ##
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US ##
Many
people no doubt feel they can no longer afford to gamble, even with
$2. Another reason might be disillusionment that it's a
winner-take-all system, just like American politics. -- RF
For
a few years now, the TSA has been selling travelers' civil
liberties back to them, most recently for $85 a head,
but it's now making a serious push to increase participation.
Once
running, the plant will be the largest of its kind in the
Western Hemisphere. It will lessen the local water authority’s
dependence on water imported from other regions — but at a
starting price that is twice the rate the authority now
pays for drinking water.
US
Dollar losing an enormous amount of purchasing power since 1938.
And
finally...
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