Posts
## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Decline of Globalization (Mish)
The change in total global exports has now gone negative.
The Coming Crisis the Fed Can't Fix: Credit Exhaustion
Thus will end the central banks' bombastic hubris and the public's faith in central banks' godlike powers, the "global growth" story, the China story, and all the other fairy tales that have passed as policies for the past decade rather than what they really were: politically expedient cover for the greatest expansion of inequality in modern history.
The change in total global exports has now gone negative.
The Coming Crisis the Fed Can't Fix: Credit Exhaustion
Thus will end the central banks' bombastic hubris and the public's faith in central banks' godlike powers, the "global growth" story, the China story, and all the other fairy tales that have passed as policies for the past decade rather than what they really were: politically expedient cover for the greatest expansion of inequality in modern history.
Ultra low wage growth isn’t accidental. It is the intended outcome of government policies (Australia)
## Cut, baby, cut! ##
Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs: union chief
## Airline death spiral ##
The 737 MAX Saga Is a Total Disgrace for Boeing and the FAA
## Fault lines/flashpoints/powder kegs/military/war drums ##
US military now preparing to leave as many as 1,000 troops in Syria: Report
US military now preparing to leave as many as 1,000 troops in Syria: Report
Top US General Denies Plans to Leave 1,000 Troops in Syria
India Redeployed Nuclear-Armed Subs During War Games Turned "Real Time" Crisis
India Redeployed Nuclear-Armed Subs During War Games Turned "Real Time" Crisis
Empire of Absurdity: Recycled Neocons, Recycled Enemies
There are times when I wish that the United States would just drop the charade and declare itself a global empire. As a veteran of two imperial wars, a witness to the dark underside of America’s empire-denial, I’ve grown tired of the equivocation and denials from senior policymakers.
Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond
US Threatens International Criminal Court
## Global unrest/mob rule/angry people/torches and pitchforks ##
French PM removes police chief and vows to shut down rioters
Gilets jaunes protests in Paris and other cities will be banned if ‘radical groups’ are spotted
## Energy/resources ##
Texas Power Prices Surge 700% on a Chilly Morning in Dallas
A chilly morning in Dallas combined with calm winds and idle power plants sent wholesale electricity prices in Texas to the highest level in more than a year.
## Environment/health ##
Flash floods, earthquake in Indonesia kill dozens
## Propaganda/censorship/fake news/alternative facts ##
Manning and the New Inquisition
What is taking place is a series of incremental steps designed to strangle the press and cement into place an American version of China’s totalitarian capitalism.
## Systemic breakdown/collapse/
If “Slow Wifi” Causes “Major Stress”, How Are Young People Going To Make It When Times Get Really Tough?
## Japan ##
Japan's exports slump again on weak external demand, puts BOJ on notice
There are times when I wish that the United States would just drop the charade and declare itself a global empire. As a veteran of two imperial wars, a witness to the dark underside of America’s empire-denial, I’ve grown tired of the equivocation and denials from senior policymakers.
Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond
US Threatens International Criminal Court
In 2016, 1 in 4 U.S. armed personnel in Iraq and Afghanistan was a private contractor. This means that the war is already being outsourced, yet scholars, the media and the general public know almost nothing about it.
## War on Venezuela ##
## Global unrest/mob rule/angry people/torches and pitchforks ##
French PM removes police chief and vows to shut down rioters
Gilets jaunes protests in Paris and other cities will be banned if ‘radical groups’ are spotted
## Energy/resources ##
Texas Power Prices Surge 700% on a Chilly Morning in Dallas
A chilly morning in Dallas combined with calm winds and idle power plants sent wholesale electricity prices in Texas to the highest level in more than a year.
South Africa to consider nuclear power expansion – Minister
## Got food? ##
## Got food? ##
‘It’s Probably Over for Us’: Record Flooding Pummels Midwest When Farmers Can Least Afford It
Ice chunks the size of small cars ripped through barns and farmhouses. Baby calves were swept into freezing floodwaters, washing up dead along the banks of swollen rivers. Farm fields were now lakes.
Check Your Freezers: 78000 Pounds of Ground Turkey Recalled
Ice chunks the size of small cars ripped through barns and farmhouses. Baby calves were swept into freezing floodwaters, washing up dead along the banks of swollen rivers. Farm fields were now lakes.
Check Your Freezers: 78000 Pounds of Ground Turkey Recalled
## Environment/health ##
Flash floods, earthquake in Indonesia kill dozens
What a Waste
Our modern industrial economy traces a straight line from resource extraction to manufacturing to sales to waste disposal. Since Earth has finite resources and limited ability to absorb pollution, the straight-line economy is unsustainable; it is designed for eventual failure.
## Intelligence/security/
Global Mass Surveillance And How Facebook's Private Army Is Militarizing Our Data
Our modern industrial economy traces a straight line from resource extraction to manufacturing to sales to waste disposal. Since Earth has finite resources and limited ability to absorb pollution, the straight-line economy is unsustainable; it is designed for eventual failure.
## Intelligence/security/
Global Mass Surveillance And How Facebook's Private Army Is Militarizing Our Data
Orwell would be proud.
The Government Is Using the Most Vulnerable People to Test Facial Recognition Software
If you thought IBM using “quietly scraped” Flickr images to train facial recognition systems was bad, it gets worse. Our research, which will be reviewed for publication this summer, indicates that the U.S. government, researchers, and corporations have used images of immigrants, abused children, and dead people to test their facial recognition systems, all without consent.
If you thought IBM using “quietly scraped” Flickr images to train facial recognition systems was bad, it gets worse. Our research, which will be reviewed for publication this summer, indicates that the U.S. government, researchers, and corporations have used images of immigrants, abused children, and dead people to test their facial recognition systems, all without consent.
## Propaganda/censorship/fake news/alternative facts ##
Manning and the New Inquisition
What is taking place is a series of incremental steps designed to strangle the press and cement into place an American version of China’s totalitarian capitalism.
The Coming Wave Of High-Tech Authoritarianism
One of history’s hard lessons is that collapsing financial systems beget authoritarian politics.
One of history’s hard lessons is that collapsing financial systems beget authoritarian politics.
## Systemic breakdown/collapse/
If “Slow Wifi” Causes “Major Stress”, How Are Young People Going To Make It When Times Get Really Tough?
## Japan ##
Japan's exports slump again on weak external demand, puts BOJ on notice
China’s Banks Have a Hidden Wave of Bad Debt
China says it has arrested 13,000 'terrorists' in Xinjiang
China says it has arrested 13,000 'terrorists' in Xinjiang
UK protests over arms sales to Saudi Arabia for Yemen war
## US ##
Recycling Movement Fails: China Doesn't Want US Garbage, Not Profitable Here
Doctors' Bills Play Role In Majority Of Personal Bankruptcies
Verizon. Pfizer. Bank of America. U.S. Corporations Are Funding Israeli Settlements.
Tax records show that the foundations of well-known corporations are funding settlements that are considered illegal under international law.
## US ##
Recycling Movement Fails: China Doesn't Want US Garbage, Not Profitable Here
Doctors' Bills Play Role In Majority Of Personal Bankruptcies
Verizon. Pfizer. Bank of America. U.S. Corporations Are Funding Israeli Settlements.
Tax records show that the foundations of well-known corporations are funding settlements that are considered illegal under international law.
Sucking Liberals into a New Cold War
Out of fury against President Trump, many liberals have enlisted in the ranks of the New Cold War against Russia, seeming to have forgotten the costs to rationality and lives from the first Cold War.
Out of fury against President Trump, many liberals have enlisted in the ranks of the New Cold War against Russia, seeming to have forgotten the costs to rationality and lives from the first Cold War.
US factory orders barely rise; shipments fall further
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
While the Nation Fragments Socially, the Financial Aristocracy Rules Unimpeded
If there is one central irony in American history, it is this: the citizenry that broke free of the chains of British Monarchy, the citizenry that reckoned everyone was equal before the law, the citizenry that vowed never to be ruled by an aristocracy that controlled the government and finance as a means of self-enrichment, is now so distracted by social fragmentation that the citizenry is blind to their servitude to a new and formidably informal financial aristocracy.
If there is one central irony in American history, it is this: the citizenry that broke free of the chains of British Monarchy, the citizenry that reckoned everyone was equal before the law, the citizenry that vowed never to be ruled by an aristocracy that controlled the government and finance as a means of self-enrichment, is now so distracted by social fragmentation that the citizenry is blind to their servitude to a new and formidably informal financial aristocracy.
Nebraska underwater: 74 cities, 65 counties declare emergencies as flooding envelops state
The US government canceled 362,000 passports last year. Was yours one of them?
Nevada considers technology to scan cellphones after crashes
The US government canceled 362,000 passports last year. Was yours one of them?
Nevada considers technology to scan cellphones after crashes
Out of the mouths of the rich: Jamie Dimon says we've split the US economy, leaving the poor behind
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