Friday 28 February 2020

Global headlines- 28 February, 2020

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Epic Construction Downturn Grips Australia
The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero
Europe tries to stem coronavirus panic and keep borders open
In Lebanon, default is ‘virtually certain’ after stark credit downgrades
In first public results, Branson's Virgin Galactic posts $73 million quarterly loss

## War on cash/cashless society/cryptocurrencies ##
BOJ's Amamiya calls for more scrutiny in issuing digital currency

## Airline death spiral ##
Pentagon considers 'scaling back' exercises due to coronavirus
The USS Colorado (SSN 788), a nuclear-powered US Navy Virginia-class attack submarine, was recently photographed with large sections of its stealth coating, known as anechoic coating, missing on its starboard side.
At Least 22 Turkish Soldiers Killed In Russian Airstrike; Erdogan Holds Emergency Meeting

## Global unrest/mob rule/angry people/torches and pitchforks ##
New rail blockades in Canada emerge as talks continue

## Energy/resources ##
Australian grid struggles with renewables boom: report
Shale Decline Inevitable As Oil Prices Crash
• Coronavirus
Coronavirus could lead to drug shortages in US
About 90% of generics made in the U.S. require components from China.

## Julian Assange
As Assange’s trial begins, his lawyers highlight risk of extradition with CIA spying operation’s ‘extreme measures’
Assange’s lawyers pointed to CIA surveillance by a Sheldon Adelson-backed private contractor and the Trump administration’s public contempt for the defendant as evidence that the Wikileaks founder would face grave risks if extradited.

Mask makers distance themselves from Abe's coronavirus guarantee
The government and manufacturers of face masks have seemingly failed in their response to the coronavirus outbreak, fueling concern that shortages of such items will continue for some time and leading to frantic searches by many people for stores that still have supplies.

Government must ‘go big or go home’ to tackle widening regional inequality in UK, report warns
Independent inquiry claims UK is now the most unequal large country in the developed world

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