Thursday, May 18, 2017

 

News Links, May 19, 2017

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
This Is How an Asset Bubble Gets Unwound these Days
What the slow crash of classic car prices says about the future of other asset classes.
The Soft Underbelly of Scandinavian "High-Tax Happy-Capitalism"
A media mini-industry touts Scandinavia's "happiness" as the result of its high-tax, generous welfare state-capitalism. This mini-industry conveniently fails to report the soft underbelly of Scandinavia's "High-Tax Happy-Capitalism": The high-tax, generous welfare model is just as dependent on unsustainable credit bubbles as every other version of state-capitalism.

## War on cash/cashless society ##
Mobile payments going viral in Southeast Asia
US looks at extending laptop ban to all flights
The Trump administration is considering extending a ban on laptops in aircraft cabins to all flights to the US from anywhere in the world, in a move that would create major disruption for passengers and airlines.

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. extends sanctions relief under Iran nuclear deal
Trump Escalates Syrian Proxy War
At the start of the Trump presidency, it looked like the U.S. covert "regime change" war in Syria might be ending, but it has returned, zombie-like, in a slightly different form.
"The government statement has not disclosed the cost, but at this stage, to produce natural gas from combustible ice is likely to make no economic sense," the researcher said.
Swiss to vote on nuclear power phaseout

## Intelligence/security/internet/cyberwar ##
The shocking details you reveal about yourself when you 'like' things on Facebook
But a leading U.S. Republican politician said he would have little faith in any notes Putin might supply.
What a laugh! As if the US government can be trusted to tell the truth. -- RF
The people who described the contacts to Reuters said they had seen no evidence of wrongdoing or collusion between the campaign and Russia in the communications reviewed so far.

## Propaganda/censorship/fake news/alternative facts ##
Facebook's fact checking may help spread fake news

## Systemic breakdown/collapse/unsustainability ##
Why We're Fragmenting: The Status Quo Is Disintegrating
I confess to being amused by the mainstream media's implicit view that everything would be peachy if only Trump wasn't president. Memo to MSM: the nation is fragmenting for reasons that have nothing to do with who's president, or indeed, which party is the majority in Congress, who sits on the Supreme Court, or any other facet of governance.
There's no such thing as a free lunch, or a free education. Or a free basic income. -- RF
Test to recycle some screened soil from Fukushima
Japan's Environment Ministry is studying the possibility of using some screened soil cleared from Fukushima Prefecture after the 2011 nuclear power plant accident in public works projects.
Water shortages, rationing may be in the cards for Okinawa
The airline industry is eager to use biojet fuels, which can cut carbon dioxide emissions, but the high cost is an obstacle. Companies have yet to come up with an economical way to mass-produce the fuel.
Japan's GDP growth masks stubborn deflation woes
But Bloomberg has it backwards: The problem is not too few babies, but too many humans. Making more babies is at best a short-term, partial solution, while it exacerbates the problem over the long term. -- RF

## US ##
The Push for Trump's Impeachment
Establishment voices are escalating their calls for President Trump's impeachment, even without any public evidence that his campaign colluded with Russia.
All that hysteria about the Russians, when the problem is actually Wall Street. -- RF
When the Trump Coup-makers Cometh
So what did you think a U.S.-styled "soft coup" would look like? What we're seeing regarding the intended removal of President Trump is not that much different from what has happened in dozens of other countries, whether Iran in 1953 or Ukraine in 2014 or Brazil in 2016. This one just has a few extra American touches.
Unless of course, this data is entirely useless.




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