Thursday 7 May 2020

Global headlines - 6 May, 2020


News Links, May 7, 2020


## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
5 charts show how the coronavirus has sent the travel industry reeling
Service Sector Falls Off Cliff in the Eurozone, Manufacturing Not Far Behind
It will likely take "several years before the output lost due to the virus outbreak is fully regained."

## Airline death spiral ##
U.S. airlines burn through $10 billion a month as traffic plummets
"The U.S. airline industry will emerge from this crisis a mere shadow of what it was just three short months ago," the group's chief executive, Nicholas Calio, will say, according to his prepared testimony.

## Fault lines/flashpoints/powder kegs/military/war drums ##
New Details Emerge Linking US to Latest Coup Attempt in Venezuela
There is strong evidence to suggest that both Juan Guaidó and the U.S. government were intimately involved in a botched weekend insurrection.
One of those who was arrested says that he is an agent of the U.S. government's Drug Enforcement Agency (DEA). The DEA has not responded to calls for confirmation.
How Did a Bronze Star Green Beret End Up Behind Venezuelan 'Bay of Pigs'?
The bizarre tale of Sunday's foiled coup raises the question of how much Washington knew and when.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tempers Are Flaring Over Lockdown, Masks, and Money: Is All-Out Civil Unrest About to Erupt?

## Energy/resources ##
Is An Oil Supply Shortage Inevitable?

## Got food? ##
Trump executive order didn't stop meat plant closures. Seven more shut in the past week.
Fortunately, people don't need meat for a healthful diet. The obsession with meat is just exacerbating the problem.  -- RF
Across the country, millions of people live within half a mile of fracking sites and other oil and gas activity and are exposed to a slew of toxic chemicals in their day-to-day lives.
"There Is No Glory In Prevention."
"There is no glory in prevention" is the frustrating aspects in the life of an epidemiologist. If they do their job too well everyone will bash them.
• Coronavirus
Scientists continue to run tests on various animals, but have so far not found the host responsible for the outbreak.

## Intelligence/security/internet/cyberwar ##
Detained American tells Venezuela state TV he plotted Maduro's capture
Venezuelan state television broadcast on Wednesday a video of captured American Luke Denman, in which he said he was instructed to seize control of Caracas' airport and bring in a plane to fly President Nicolas Maduro to the United States.
South Korea spy agency says no signs North Korea's Kim received heart surgery: Yonhap

Nothing's Fixed: What's Behind the Corporate Debt Bailout
Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
• Coronavirus

News Links, May 6, 2020


## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Commercial Real Estate Already Gets Hit in Europe: Prices for Retail Properties Plunge, Office Prices Sink

## Cut, baby, cut! ##
United Airlines to slash 30% of management jobs starting in October
Fight On Plane Forces Emergency Landing Of Detroit-Bound Spirit Airlines Flight
Air Canada to start requiring temperature checks of passengers in latest coronavirus measure

## Fault lines/flashpoints/powder kegs/military/war drums ##
Boeing rolls out Australia's first 'Loyal Wingman' combat drone

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hondurans block highway to prevent COVID-19 burials

## Energy/resources ##
Haftar-Affiliated Military Group Storms HQ Of Libya's Brega Oil Company
Industrial civilization has exhausted and contaminated the Earth. Now it's moving on to other heavenly bodies. -- RF

## Got food? ##
Shortages and rationing are giving Americans a taste of what it's like to live under sanctions. And as economies continue to deteriorate, it's going to get worse. People who believe they are entitled to an extravagant lifestyle are in for a shock. -- RF
Billions projected to suffer nearly unlivable heat in 2070
In just 50 years, 2 billion to 3.5 billion people, mostly the poor who can't afford air conditioning, will be living in a climate that historically has been too hot to handle, a new study said.
Intensive farming increases risk of epidemics, warn scientists
Overuse of antibiotics, high animal numbers and low genetic diversity caused by intensive farming techniques increase the likelihood of pathogens becoming a major public health risk, according to new research led by UK scientists.
Don't pay any attention to this. Instead, just blame the Chinese. -- RF
• Coronavirus
The earlier date means it is likely the coronavirus had been spreading around the globe for weeks or months before it was identified by Chinese scientists in the cluster of abnormal pneumonia cases in Wuhan.
Five Eyes network contradicts theory Covid-19 leaked from lab
There is no current evidence to suggest that coronavirus leaked from a Chinese research laboratory, intelligence sources have told the Guardian, contradicting recent White House claims that there is growing proof this is how the pandemic began.

## US ##
• Coronavirus
It's these kinds of abject failures that the Trump administration hopes to conceal by shifting the all the blame to China in its Yellow Peril campaign. -- RF
Can the U.S. handle the second wave of COVID-19 coming our way?
We're failing to reduce the number of coronavirus infections before the next peak hits
Trump's Economic Advisors Project No More Covid-19 Deaths Starting May 16
Using extreme curve fitting, the White House Council  of Economic Advisors made a preposterous forecast.


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