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Monday, 2 September 2019

World headlines - 2 September, 2019

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
S&P calls Argentine's debt maturity extension a 'default'
Argentina curbs banks' access to pesos amid growing market turmoil
In the immortal words of John Maynard Keynes, “In the long run, we’re all dead.” And what better way to leverage that long run than by issuing a century bond? We’ll be dead when it comes due, so who cares?
That's true. But there's one other matter that needs to be considered: In 100 years, it's quite likely that the government which issued the bonds will no longer exist. So, either way, people who buy century bonds might do well to consider it a donation. -- RF
Mass Layoffs Are Back. Are You At Risk?
Millions are going to lose their jobs in the coming recession. Will you?

## Airline death spiral ##
FAA panel reviewing 737 MAX certification will take additional time
Dogfight looms over third airport near Shanghai
Shanghai aims for three airports, but overcapacity and a scarcity of airspace may ground the idea
Another Cathay Pacific Plane's Oxygen Tank Found Emptied Before Take-Off; Sabotage Suspected

## Fault lines/flashpoints/powder kegs/military/war drums ##
SecDef & Marines Want To Disperse Across Pacific, But It’s Hard
Concerns over a new Okinawa airfield, and how to get Marines across vast swaths of ocean, are complicating American plans to spread forces across the Pacific.

• War on Iran

## Energy/resources ##

## Got food? ##
My Dream is to Become a Farmer (Ha!)
No Farms for the Young: The average American farmer is over 58. With significant barriers to entry, the average is only getting older.
This situation seriously jeopardizes the food supply of many people, a significant portion of them being citizens of countries dependent on US food exports. -- RF
U.S. corn, soy sales at 14-year low with new marketing year days away

## Environment/health ##
Jack Ma and Elon Musk are pretty worried about a looming population collapse
Brain-dead! Population growth (or decline) of any species is primarily a function of the energy available to that population. We have embarked on the downhill slope of the fossil-fuel energy bonanza. The human population will never again increase as it has. Musk is probably right in saying there will be a population collapse because the situation as it stands now is completely unsustainable. On the other hand, the probability that humans will go extinct is very near zero. Humans are highly adaptive, and have a number of skills that all but guarantee the survival of our species. That said, a world with far fewer humans and many other flourishing species offers a brighter future for the Earth than a planet overburdened with destructive and greedy humans. -- RF
Any way you look at this, it's a disaster in the making. -- RF
Brazil's Amazon basin fires keep surging
The number of fires in Brazil's Amazon basin is still on the rise, even though the government has banned burning, officials said Saturday.
Abby Martin’s Film Gaza Fights For Freedom Humanizes World’s Largest Concentration Camp
Abby Martin’s new documentary film Gaza Fights for Freedom is an excellent movie that is difficult to watch, and disturbing at times, precisely because it presents a true, realistic view of life in Gaza.
Too many humans catching too many fish. -- RF
Will the Osaka Gas company even exist 50 years from now? It's likely that even many governments around the world will no longer exist in 50 years. -- RF

## China ##
China's factory activity shrinks for fourth month as trade pressure mounts
Chinese tourists are opting out of travel to the US in favor of the rest of the world
China's cash-strapped families forgo new appliances
Household debt hits $6tn and leaves industry with 48.6m unsold air conditioners

## UK ##
There is no evidence chlorinated chicken is harmful to health and no scientific reason it should be banned in any post-Brexit trade deal with the US, according to a senior government scientist.
Democracy in action. -- RF
But problems for international students aren't just affecting Chinese students at U.S. universities. News outlets have reported delays and problems with visas for international students from other countries under the Trump administration.

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