News Links, April 16, 2020
## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Turkey's economy is in trouble as experts worry it could become a new coronavirus hotspot
Turkey's economy is in trouble as experts worry it could become a new coronavirus hotspot
Banks brace for big loan defaults by US, global customers
The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic
The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic
## Airline death spiral ##
Global airlines' estimated coronavirus losses rise to $314 billion: IATA
## Fault lines/flashpoints/powder kegs/military/war drums ##
The USS Theodore Roosevelt fiasco shows how paranoid the Pentagon is about China
## Global unrest/mob rule/angry people/torches and pitchforks ##
Jim Cramer responds to viral 'Mad Money' picture: 'There's a seething anger sweeping this country' aimed at Wall Street
## Energy/resources ##
Oil in the age of coronavirus: a U.S. shale bust like no other
U.S. Oil Drilling Grinds to Halt at Key Shale Hotspots
The sudden declines in production illustrates the fatal flaw in the shale business model.
The sudden declines in production illustrates the fatal flaw in the shale business model.
## Got food? ##
Yeast supplies run low as homebound Americans turn to baking
Coronavirus threatens Asia banana shortage, Philippines growers warn
Experts: U.S. food supply steady but for how long
Experts: U.S. food supply steady but for how long
## Environment/health ##
The massive study -- comprising samples from 2,500 fish representing 91 species spread across 359 locations in the Gulf of Mexico -- suggests contamination from oil pollution remains widespread roughly 10 years after the Deepwater Horizon spill.
We've been rationing care all along
We've been rationing care all along
But it is a mistake to view this scarcity as a result of the current crisis. Rather, this shortage of medical equipment and clinical personnel is better thought of as a symptom of a rationing system that started long before COVID-19.
President Donald Trump said Tuesday his administration will "halt" U.S. funding to the World Health Organization as it conducts a review of the global organization's handling of the coronavirus pandemic.
In view of the true situation, the review should be going in the opposite direction. This is all about deflecting blame. -- RF
## Intelligence/security/internet/cyberwar ##
Technology alliances will help shape our post-pandemic future
Without getting into the propaganda aspects of the article, I'll just note that net energy decline is going to throw a huge monkey wrench into all such plans that governments around the world are making. Energy will do a lot more "shaping" than technology. Recall that technology is dependent on energy. -- RF
The Cameras in Your Car May Be Harvesting Data as You Drive
Safety system sensors in modern cars are collecting data about the road on behalf of the company that makes them
Safety system sensors in modern cars are collecting data about the road on behalf of the company that makes them
## Propaganda/censorship/fake news/alternative facts ##
Vietnam introduces 'fake news' fines for coronavirus misinformation
Technocrats and Authoritarianism
And yet we now have companies tied umbilically to the US-EU-Israeli axis of military and business power now telling us that they have algorithms that can free us from that inherent messiness by eliminating "fake news" from our screens.
## Systemic breakdown/collapse/unsustainability ##
A nationwide blackout lasting 1 year could kill up to 90% Americans
## Japan ##
Japan to Mull Handing Out 100,000 Yen without Income Limit
Health experts are urgently calling for an increase in Japan's low rate of testing for the novel coronavirus, a system hampered by outdated equipment and a shortage of testing-capable medical institutions and technicians.
## China ##
Hong Kong brokers close at record pace as social unrest and coronavirus pandemic hit income
China's initial coronavirus outbreak in Wuhan spread twice as fast as we thought, new study suggests
Each carrier was infecting 5.7 people on average, according to US researchers, who say previous estimate had used incomplete data
Each carrier was infecting 5.7 people on average, according to US researchers, who say previous estimate had used incomplete data
"Something Has Gone Wrong": UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse
UK promises to test all care home residents and staff with coronavirus symptoms
UK promises to test all care home residents and staff with coronavirus symptoms
UK economy could shrink by the most in 300 years in 2020
## US ##
J.C. Penney explores bankruptcy as hopes for recovery fade - sources
## US ##
J.C. Penney explores bankruptcy as hopes for recovery fade - sources
Economist Joseph Stiglitz says coronavirus is 'exposing' health inequality in US
"What's so striking is these are often people that are serving us every day ... they are the people we depend on, and yet we don't pay them very well and we don't treat them very well," former World Bank chief economist Joseph Stiglitz said Tuesday. Homebuilder Confidence Takes Record Plunge on Hit from Virus
"What's so striking is these are often people that are serving us every day ... they are the people we depend on, and yet we don't pay them very well and we don't treat them very well," former World Bank chief economist Joseph Stiglitz said Tuesday. Homebuilder Confidence Takes Record Plunge on Hit from Virus
Here's Where Retail Sales Spiked and Where They Collapsed in Lockdown Land
Second half of March was the end of retail for many. But some had spiking sales. Brick & mortar department stores will never recover; they were toast before the lockdowns.
Second half of March was the end of retail for many. But some had spiking sales. Brick & mortar department stores will never recover; they were toast before the lockdowns.
• Coronavirus
A double-blind research study of a drug touted by President Donald Trump early on to treat coronavirus found it to be so dangerous at high doses the trial was shut down after six days.
Tuesday, April 14, 2020
News Links, April 15, 2020
## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Fear of an Impending Car-Price Collapse Grips Auto Industry
Saudis To Issue Debt As Price Crash And Oil Deal Hit Revenues
Fear of an Impending Car-Price Collapse Grips Auto Industry
Saudis To Issue Debt As Price Crash And Oil Deal Hit Revenues
Rampant shipping delays and limited stock amid the coronavirus outbreak reveal why e-commerce hasn't defeated physical stores just yet
When The World Stopped - Stunning Scenes From A Global Lockdown
When The World Stopped - Stunning Scenes From A Global Lockdown
## Airline death spiral ##
Boeing customers cancel staggering 150 Max plane orders, deepening crisis as coronavirus roils air travel
ANA, JAL to Maintain Drastic Cuts in Int'l Flights in May
ANA, JAL to Maintain Drastic Cuts in Int'l Flights in May
## Fault lines/flashpoints/powder kegs/military/war drums ##
India cleared to buy two anti-ship munition packages
India cleared to buy two anti-ship munition packages
## Migrants/refugees ##
Rescue group, EU officials dispute fate of 85 sea migrants
## Energy/resources ##
U.S. Food Supply Chain Is Strained as Virus Spreads
## Environment/health ##
Pacific clean-up after homes 'blown to smithereens' by superstorm
## Environment/health ##
Pacific clean-up after homes 'blown to smithereens' by superstorm
• Coronavirus
WHO officials say it's unclear whether recovered coronavirus patients are immune to second infection
Coronavirus can survive long exposure to high temperature, a threat to lab staff around world: paper
Debunking Some Ideas About The Virus
## Intelligence/security/internet/cyberwar ##
Government can't force people to use tech Google and Apple created to trace coronavirus cases
## Intelligence/security/internet/cyberwar ##
Government can't force people to use tech Google and Apple created to trace coronavirus cases
## Propaganda/censorship/fake news/alternative facts ##
CNN cuts away from 'propaganda' briefing as Trump plays video hitting press
## Systemic breakdown/collapse/unsustainability ##
Restarting the economy doesn't mean life will return to normal anytime soon. Here are 5 plans that offer a glimpse of a dystopian future.
## Japan ##
Japan Greenhouse Gas Emissions Drop for 5 Years in Row
JAL, ANA slash international flight capacities
WHO: Japan data shows only one in five with Covid-19 spread disease
Japan Display Padded Earnings over 6 Years
WHO: Japan data shows only one in five with Covid-19 spread disease
Japan Display Padded Earnings over 6 Years
COVID-19 had a slow start in Tokyo, and then figures soared
Subaru extends U.S. assembly plant shutdown through May 8
Subaru extends U.S. assembly plant shutdown through May 8
Chinese oil survey ship returns to disputed waters off Vietnam amid coronavirus pandemic
China's Biggest Carmaker Posts 29% Profit Drop on Industry Slump
China's Biggest Carmaker Posts 29% Profit Drop on Industry Slump
## US ##
Budget Deficit Now Expected To Near $4 Trillion This Year
Federal debt to exceed GDP for first time since World War II: watchdog
The coronavirus pandemic 'creates an opportunity' for business, Levi Strauss CEO says
Federal debt to exceed GDP for first time since World War II: watchdog
The coronavirus pandemic 'creates an opportunity' for business, Levi Strauss CEO says
Like the rest of the financialization machine, sickcare was never sustainable. The pandemic is merely the catalyst that is stripping away the PR illusions that have cloaked the looting, the fraud, the racketeering and profiteering, and the betrayal of everything healthcare once stood for.
... for all 800 families and staff who live there because it's 'what residents wanted.'
• Coronavirus
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