Tuesday, July 29, 2014


News Links, June 29-30, 2014

## Global Ponzi meltdown/House of Cards ##
The Baltic Dry Index (BDI) Is Breaking Down To New Lows
IMF Warns Pound Overvalued; What About Other Currencies?
Mapping The Global Contagion From Portugal's Systemic Banking Crisis
Lloyds fined £217 million over Libor rigging
Argentina fights with debt holdouts; default nears
Swedes in Household Debt Binge Seen Provoking Policy Slap
Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify
Commerzbank deepens job cuts in toughened savings plan: sources
How Bad Can The Junk-Bond Sell-Off Get? So Bad It'll Take Down Stocks
As Inequality Soars With Bloated Executive Pay, U.K. Group Demands "Radical Action"
85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined
Jobless families occupy homes in Spanish tourist town
U.S. sales to Russia have only risen since sanctions imposed
Russia sanctions threaten to blow euro zone off course
Sanction Spiral Successful: German Exports to Russia Plunge
War Is Coming
The extraordinary propaganda being conducted against Russia by the US and UK governments and Ministries of Propaganda,  a.k.a., the "Western media," have the purpose of driving the world to war that no one can win. European governments need to rouse themselves from insouciance, because Europe will be the first to be vaporized due to the US missile bases that Europe hosts to guarantee its "security."

## Airline Death Spiral ##
Emirates to stop flying over Iraq due to missile risk
Airline insurers face biggest bill since 9/11
Loyalty programs are inspiring more travelers to go turncoat
House Votes To End Full-Fare Rule For Airline Tickets
Top analyst: Why higher airfares are here to stay
The airlines are making millions, but there's no relief in sight for consumers
Avoiding plane crashes as air traffic doubles

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ukraine's use of unguided rockets in civilian areas of Donetsk 'may be war crimes'
US Indirectly Admits Ukraine's Missile Systems Present near Donetsk when MH17 Crashed
Inside The Political Brawl In Kiev: Extreme Nationalist And Neo-Fascist Parties Waiting In The Wings
The U.S. Is Already MILITARILY Involved In Ukraine … Even Though the American People Want Us to STAY OUT
No BBC Video Removal Scandal After All; Evidence of Military Planes Shadowing MH17 Mounts
UN Says MH-17 Downing "May Be War Crime"; Russia Responds Photos Of Ukraine Shelling Are Fake
Ukrainians Ordered to War, Women Burn the Military Writs
Senator Bob Corker's Russian Ultimatum Is A New Low In Stupid Belligerence
Netanyahu rebuffs UN cease-fire call, warns Israelis of 'prolonged campaign'
Vast Libya petrol tank fire 'out of control' after militia rocket strike
Is Latin America's Military Making a Comeback?
U.S. Only Country of 47 to Vote against Investigating Possible Human Rights Violations during Israeli Occupation of Gaza
The Shocking Reason Putin Isn't Worried About The $50 Billion Yukos Ruling
China is using its immense commercial fishing fleet as a surrogate navy
Three female suicide bombers kill scores in Nigeria
Iraq is already splitting into three states
Poland Sanctioned For Hosting Secret CIA Torture Operations
Obama Approves Secret Nuclear Weapons Deal With UK

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dozens reported dead in attacks in China where Uighur separatists are active
West Bank Palestinians, Israeli Arabs protest as Gaza campaign intensifies

## Energy/resources ##
5 Industries Worried About Peak Oil
Power firms fear summer shortage (Philippines)
Coal reserves offer no relief for India fuel crunch
Wishful Thinking About Natural Gas: Why Fossil Fuels Can't Solve the Problems Created by Fossil Fuels
Emergency Electricity Imports from Armenia, Turkey after Major Power Outage (Georgia)
Increasingly Desperate Venezuela Makes Oil-for-Cash Deal With China
Most solar panels are facing the wrong direction, say scientists
Pumping Groundwater in a Drought Is Great, As Long As You Have Groundwater
Energy shortage dents DRC copper mining
Libyan blaze spreads to second fuel depot
What A World Powered By The Sun Would Look Like
Japan Bucks Trend With Financing Of Foreign Coal Plants
U.S. to seize $100 million of Iraqi Kurdish oil in tanker off Texas
Worldwide water shortage by 2040, new studies suggest
Smart meters are a "time bomb" for utilities, warns insurance expert

## Got food? ##
German NGO says TTIP will undermine global food security
Drought hits China food production: Xinhua
Your chicken is about to get more full of feces
Why your coconut water will get more expensive
Governor tried, failed to live on minimum wage for a week, ran out of bologna
Brazil Farmers Say GMO Corn No Longer Resistant to Bugs

## Environment/health ##
Liberia shuts border crossings, restricts gatherings to curb Ebola spreading
New fears about Ebola spread after plane scare
Ebola may expand its deadly reach beyond Africa
Songbirds Dying From DDT in Michigan Yards
Lack of Oversight, Damaged Tankers Caused West Virginia Chemical Spill
Rats plague Louvre Museum gardens
U.S. coastal flooding on the rise, government study finds
Flooding is increasing in frequency along much of the U.S. coast, and the rate of increase is accelerating along the Gulf of Mexico and Atlantic coasts, a team of federal government scientists found in a study released Monday.
Pesticide linked to three generations of disease: Methoxychlor causes epigenetic changes

## Intelligence/propaganda/security/internet/cyberwar ##
The Great War and the rise of propaganda
Former NSA Chief: Why I'm Worth $1 Million a Month to Wall Street
Internet 'tax' may fund new spy laws (Australia)
Phone and internet customers could face a ''surveillance tax'' of up to $100 a year if the federal government implements a scheme requiring companies to store customer data for two years, the telecommunications sector warns.
Calling All Munitions and Fighter Plane Experts: Is German Pilot Claim "Air-to-Air Attack" Brought Down MH17 Credible?

## Systemic breakdown/collapse/unsustainability ##
Why doesn't the 'long emergency' feel like an emergency?
Consumer Reports wants Toyota to recall some 177,500 Camry hybrids
The Biggest Threat to the Economy Is From Outer Space
Threats to the electric grid are coming from everywhere: saboteurs, weather and, as silly as it sounds, from outer space. The danger is significant and growing, and business risk managers are taking it seriously.

## Japan ##
Nippon Steel's Nagoya plant suffers 4th power outage in 7 months
Nippon Steel & Sumitomo Metal Corp said its Nagoya steel plant suffered another power failure on Sunday, the second in about a month and the fourth this year, causing a release of smoke from coke ovens in a process to burn off gas.
China Meat Scandal Spreads: McDonald's Japan Slashes Guidance
Energy sink: Japan Looks at Hydrogen for Power Generation
Ice wall to contain Fukushima Daiichi nuclear plant isn't freezing
Heatwave kills 15; more than 8,000 hospitalised
India naval drill with Japan, U.S. seen as signal to China
Government offers ¥230 billion over 30 years if Fukushima temporarily stores radioactive soil: NHK
The administration of Prime Minister Shinzo Abe has offered to pay the Fukushima Prefectural Government ¥230 billion over the next 30 years if the prefecture hosts temporary storage facilities for soil tainted by radiation from the March 2011 nuclear disaster, NHK reported Wednesday.
The government would not be able to keep up the payments. -- RF
Household spending down 3% in June

## China ##
Chinese Data Don't Add Up
Some Chinese McDonalds are only selling fries and drinks due to a meat recall
Satellites and seafood: China keeps fishing fleet connected in disputed waters
Overgrown Beijing slaps new limits on industry in bid to cut smog
China needs to import more food to ease water, energy shortages - official
China Said to Allow Five Regions to Create Bad-Loan Firms
China's anti-corruption push targets highest-ranking official yet
Fear And Loathing At The PBOC: China's Fragile Financial System Rules Policy
Dozens killed in mob violence in Xinjiang: report

## UK ##
Scientists accuse government of dishonesty over GM babies in its regulation of new IVF technique
Britons Sour on Buying Property Amid Record Values, Halifax Says
Parking spaces are too small for modern cars, drivers claim
Government pushes ahead with fracking plan despite wide opposition
Bid to switch street lights off to save cash
Millions of British Face Fracking 'On Their Doorstep'
EU sanctions on Russia agreed putting City of London in front line
The City of London will be in the front-line of economic sanctions against Russia after the European Union pulled back from measures that would hit a French defence deal or harm Germany's engineering exports

## US ##
Asset Forfeiture – How Cops Continue to Steal Americans' Hard Earned Cash with Zero Repercussions
Study: 35 percent in US facing debt collectors
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
No Q2 Escape Velocity Says Gary Shillng: "Q2 GDP Was Closer To 1% Than To 3%—-Perhaps Even A Negative Number"
Investment Bank Discovers the "Redistributive Effects" of QE
How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young
Our Marginal Economy
The mainstream media is delighted to highlight positive economic data, but nobody ever asks about the quality of the borrowers who are behind the rosy numbers. Behind the rosy numbers, sales and profits are increasingly dependent on marginal buyers and borrowers: those buying on credit who would not qualify to borrow money in a system ruled by prudent risk-management.
A USPS Worker Called 911, and Then His Bosses Called Him a Terrorist
California relies on thousands of inmates paid dollars a day to fight raging wildfires
The billionaires set to get even richer on the dollar-store mega-merger
Did Cuts to Food Stamps Undo Family Dollar?
Obama Seeks to Dramatically Broaden US War on Terror
Obama could curb corporate 'inversions' on his own: ex-U.S. official
U.S. Energy Secretary defends possible German nuke waste imports
US is no safer after 13 years of war, a top Pentagon official says
America's Wealthiest Are Increasingly 'Earning' Their Fortunes by Inheriting Them
Ownership society: Renting drives U.S. homeownership to 19-year low
August 2000 Redux: The Current Flood Of 11th Hour IPOs
RadioShack May Run Out of Cash Next Year, Moody's Says

And finally...
Illinois woman dies after heading back into burning home to retrieve cellphone

Sunday, July 27, 2014


News Links, July 27-28, 2014

## Global Ponzi meltdown/House of Cards ##
You Can't Taper a Ponzi Scheme: Time to Reboot
The Relentless Fiasco of French Unemployment
Argentine default looms as time runs out for debt deal
The Absurdity of Celebrating 'Successes' of Scandal-Ridden, Bailed-Out Banks
IMF fears ultra-low rates are fuelling asset bubbles

## Airline Death Spiral ##
8-hour flight restrictions to hit city airports today (Shanghai)
Chinese Airlines Brace for Dramatic Losses Due to Military Drills – Report
JetBlue, the 'Nicer' Airline, Needs You to Get Ready for a New Bag Fee
Airline Legroom: Boeing and Airbus Help Shrink It Even More
Airline Stocks Swing To Sharp Losses Despite Hefty Q2 Profits

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Reasons Why Israel's Military Is In Such A Tough Fight
'John Kerry is an alien, an ongoing embarrassment': what Israel thinks of US secretary of state
Destroy Hamas? Something worse would follow: Pentagon intel chief
Gen. Dempsey: We're Pulling Out Our Cold War Military Plans over Ukraine
SBU Cleans Website of Bogus "Proof"; Mystery of 312 Grows
16 Considerations Which Debunk Washington's Propaganda About Flight 17
US Releases Satellite Images Allegedly Proving Russian Shelling Of East Ukraine
Study: Arms embargo wouldn't hurt Russia
Saigon Redux: US Embassy Flees "Liberated" Libya
Barrel Bomb Attacks Devastate Iraqi Families
Increasing number of Syrians joining Islamic State, says UN
Peshmerga Suffering Losses against ISIS
US, Iranian Drones Crowd Iraqi Air Space
Coastal tanker hijackings continue
Nigeria: Sea Pirates Engage JTF in Gun Duel
Berlin points finger at NATO for June ATC blackouts
The German government has indicated that NATO electronic warfare (EW) training exercises were responsible for civilian ATC radar display blackouts in central Europe on 5 June and 10 June 2014.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Fast food workers vow civil disobedience
Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
I've worked at McDonald's for 10 years and still make $7.35 an hour
Jews Stage Massive Anti-War Protests In Tel Aviv, New York and Elsewhere

## Energy/resources ##
Nuclear renaissance: Promises of easier nuclear construction fall short
Iraqi Kurdish oil nears Texas port for likely offloading
PetroChina trying to trim $1.23-billion payment to Athabasca: source
PetroChina, the Chinese oil giant rocked by a corruption scandal that has spread to its Canadian unit, is trying to reduce a $1.23-billion payment to Calgary-based Athabasca Oil Corp. for oil sands properties it believes are of poorer than expected quality, a source close to PetroChina said Friday.

## Got food? ##
UN Bodies Sound Alarm on Looming Famine
Birth Of 100-Millionth Person In Philippines Greeted With Joy, Concern

## Lifestyle Solutions ##
Wave of the future: Multigenerational Households Make Sense
Our Peach Pie Workshop
In my view, the only meaningful response is to take control of as much of your life as you can and opt out of destructive systems as much as possible.

## Environment/health ##
Oil drilling in North Dakota raises concerns about radioactive waste
West Africa's Ebola Outbreak Is Spiraling Out of Control
Nigeria Fears Man Carried Ebola on Jet
Nigeria death shows Ebola can spread by air travel
Ebola now taking toll on doctors
California wildfire spurs evacuation of 700 homes
'Kissing bug' disease prompts growing concern in U.S.

## Intelligence/propaganda/security/internet/cyberwar ##
Washington And Media Russia Bashing Is Riddled With Lies, Hysteria And Humbug
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
Electronic aura could be answer to lost passwords
Anti-Surveillance Camouflage for Your Face
In a world of increasingly sophisticated facial-recognition technology, a drastic technique can throw the machines off your trail.
JFK airport security flunks kayaker test
Man seeks video of 1995 Oklahoma City bombing

## Systemic breakdown/collapse/unsustainability ##
Post-peak Rome: the lake that defeated concrete
Nissan Expands Recall Over Explosive Air Bags
Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry.

## Japan ##
Japan Exports and Trade Balance vs. the Yen; Abenomics in Review
Despite the widely touted success of Abenomics, a few charts will prove success is all hype and no reality.
Ten people die, 1,400 rushed to hospital amid heat wave
Hokkaido Electric seeks approval for second hike in energy rates
Residents near Sendai N-plant get iodine preparations

## China ##
End of China's property purchase restrictions looms
Facing a decline in the property market, Beijing's policy to restrict home purchases in order to beat speculation driving up prices may be nearing its end. More than half of the 46 cities which adopted controls on the purchase of residential properties  have abolished or relaxed the restrictions, and the central government has acquiesced.
China Adds East China Sea Drills to Spate of Military Exercises
China Cements Eurasian Trade Routes With Great Silk Road Revival: The Infographic

## UK ##
Anger grows over Jurassic Coast wind farm plans

## US ##
America's Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003
Does it feel like you're poorer? There is a simple reason why – you are! According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline… Welcome to America's Lost Decade.
American-Grown Gangs Fuel Immigration Crisis From Central America
By the Numbers: US Poverty
Study: Colorado River Basin drying up faster than previously thought
California Tries to Measure Water Use as Drought Worsens
West's water worries rise as Lake Mead falls
Beneath The Tepid Housing Recovery: Pre-Crisis Rot Re-Emerging
The New York Times calls on US to legalize marijuana
Driving our way into poverty: Subprime auto debt continues to expand while domestic auto production remains weak.
More grandparents raising their grandkids
Another nail in the coffin of the nuclear family. -- RF
Detroit not alone in shutting off water for unpaid bills
9/11 death toll rises as cancer cases soar among emergency workers
Malibu beach wars: app revealing public access to beaches infuriates wealthy homeowners
Baghdad threatens to sue as Kurdish oil tanker nears Texas

And finally...
Too hot during the blackout? Cool down with an electric fan, veteran newscaster suggests (Japan)
Duh! -- RF

Friday, July 25, 2014


News Links, July 25-26, 2014

## Global Ponzi meltdown/House of Cards ##
Spanish Graduates Stuck Without Stable Jobs to Pay Rent
Carlos Slim says three-day work week should be standard. Could it work?
Work until you're 75, 11 hours a day. Sounds great! -- RF
Shorting Junk Loans Just Got Easier as New Derivatives Unveiled
Banks are again resorting to derivatives to make it easier to place bullish and bearish bets amid a credit boom, allowing traders to amplify their profits or losses on debt rated below investment grade.
Go for it! -- RF
85 wealthiest are richer than poorest 3.5 billion
France Unemployment New High, Output Down 15th Month; Prices Drop 27th Month; Activity Up in Peripheral Europe; Outlook for Germany
Eurozone economy dead in the water, with crisis expected to carry on 'a long time'
Customers panic as FBME Cyprus under central bank resolution
The privately-held bank issued a statement saying it would cooperate with the Cypriot regulator, but said that it is "shocked by the content of the US Department of the Treasury notice relating to the bank, dated 15 July, that sets out unexplained allegations of weak AML controls."
The bank added in the statement that it had no prior notification of this announcement nor did have the opportunity to comment on or refute the various allegations set out in it.
Leaked Trade Deal Chapter Reveals Corporate-Friendly Subversion of Public Health, Food Safety
Ex-Goldman Trader's Bitcoin Exchange to Fill Mt. Gox Void
No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods
Historic Junction for Industrial-Scale Sail Transport

## Airline Death Spiral ##
European carriers suspend more Tel Aviv flights
German airlines cancel more Tel Aviv flights
Air Canada lands safely in Tel Aviv after go-around for rockets
Bombardier to cut 1,800 jobs, aerospace head retires
JetBlue is stealing legroom from coach to give to its new business class

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Coming Storm In The Middle East
Holy Land Deserted of Tourists as Fighting Empties Hotels 
Israeli border towns empty, adjust to new threats
As Rockets Fly, Israeli Programmers Code in Bomb Shelters
Israeli Cabinet Unanimously Rejects Gaza Ceasefire
Israel, Hamas to observe 12-hour unilateral cease-fire in Gaza
Iraq: 60 dead in attack on prisoner convoy
Russia delivering weapons to Iraq: report
EU edges to economic sanctions on Russia but narrows scope
Islamic State presses Syria offensive, targets two key government garrisons
Islamic State uses high grade captured weapons to fight Assad troops in Syria
Ukraine Coalition Government Collapses as 2 Parties Quit 
The Piece Fits; Debunking Revisited
US Invents Reports of Russia Attacking Ukraine Bases
The NSA's New Partner in Spying: Saudi Arabia's Brutal State Police
Central American Presidents Say U.S. Shares Responsibility For Migration Crisis
Liberal party looks to legalize medical marijuana in Colombia
Naval ships from U.S., India and Japan to start war games
France Sends Soldiers To Guard Air Algerie Wreckage In Mali
US Doubles Down on Foreign Military Sales

## Energy/resources ##
'New Gold Rush' for Riches Takes Aim at Deep Ocean
The costs will not be only environmental. As with oil, deep-sea extraction will prove to be expensive. -- RF 
Mineral depletion: the trouble with gold
Power projects worth Rs 36,000 crore stranded on coal shortage
NAS Fukushima report: Accidents will happen
Iraqi Oil In Context: 60% Of OPEC Growth Expectations
For Californians, higher costs dampen support for clean energy
California's future energy pipe dream
Wind turbine payback period claimed to be within 8 months
In addition to the problem observed here, there is the matter of energy fungibility. A wind turbine is a monumental pile of metal that requires a lot of coal and oil to build and install. Even if a wind turbine produces a huge amount of surplus energy, that is electricity, and the turbine can't reproduce itself. That's why renewables are "fossil fuel extenders." Twenty years from now, when the current crop of turbines is grinding to a halt, will coal and oil still be affordable and available enough to build and install a new crop? -- RF
German Utilities Bail Out Electric Grid at Wind's Mercy
Germany's push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country's electricity grid.
Statoil to cut more than 1,000 jobs
Company's output down 9 percent year-on-year.
Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine
Australia: record coal exports "eating up port capacity"

## Got food? ##
U.S. Midwestern farmers fighting explosion of 'superweeds'
Ultimately the farming population will have to be substantially increased. In other words, we need boots on the ground and hands to yank the weeds. That's the way it's always been done, and that's the way it always will be done. The use of machinery and chemicals is but a short aberration when seen from the past and future of farming. -- RF
U.S. Pork Producers Keep Using Drug Banned or Restricted in 160 Countries
Rat poison found in imported frozen fish
A seafood importer in western Japan is recalling frozen fish from Vietnam after finding that packages of the product contained rat poison.
Tyson Foods to shut 3 factories, cut 950 jobs
Russia: McDonald's food has 'too many calories'
California Water Prices Soar for Farmers as Drought Grows
Farmers in California's Central Valley, the world's most productive agricultural region, are paying as much as 10 times more for water than they did before the state's record drought cut supply.

## Environment/health ##
Beijing shuts big coal-fired power plant to ease smog
Sweden's nuclear plants forced to cut output due to warm weather
Ironically, everyone expected to have more electricity to power their air conditioners in hot weather. -- RF
CDC Head: Age of Antibiotic Resistance Is Nigh
Deadly 'superbug' is spreading in US hospitals
Cases of the contagious and deadly "superbug" known as CRE increased five-fold in community hospitals from 2008 to 2012 in the Southeastern U.S., according to a new study.
Western US water crisis worse than thought
Study: Earth in the midst of sixth mass extinction
Nigeria confirms Liberian man died of Ebola in Lagos
Neonic insecticides widespread in Iowa waters -study
Groundwater levels drop in Southwestern U.S. in ongoing drought
Creepy crawlies decline as human population soars
The number of slugs, spiders, butterflies, worms and other invertabrates has fallen by 45 per cent in 35 years in a decline whcih could have huge implications for humans
Colombia launches emergency plan to combat El Nino drought
Colombia has launched an emergency plan to combat the impact of the El Nino weather phenomenon, which has led to drought in several regions of the Andean nation, causing the death of livestock and damage to crops.
Kudzu That Ate U.S. South Heads North as Climate Changes
WWF: Arctic Oil Well Blowout Could Spread More Than 1,000 Km

## Intelligence/propaganda/security/internet/cyberwar ##
European Central Bank in database security breach
Nigerian 419 Email Scammers Shift to Malware and Hacking
The "Insider Threat Program" and the Government's War on Whistleblowers
'To Protect the Press,' Spain Tries to Muffle the Internet
Australian IT industry faces impending skills shortage
Britain faces increasing digital skills shortage, says taskforce report
Typewriter manufacturers see boom in sales (Germany)
Canvas Fingerprinting Is More Invasive Than Cookies. But Should You Worry About It?
Everyone seems to have forgotten the time the U.S. shot down a passenger jet, killing 290, and then tried to cover it up
This is how you invent a person online
Missouri to Vote on Adding Phone, Email Privacy to State Constitution
Germany begins spying on Britain and America for the first time since 1945

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part III: Our Political Order Is Defined by Favoritism and Extortion
Auditors Say NASA Doesn't Have the Money for Big Rockets
Long-time readers will recall that I've predicted declining fortunes for space programs. -- RF
Greek quadriplegic woman on life support 'dies due to unpaid power bills'
Social Security's $300M IT project doesn't work
Glitch crashes global US passport, visa operations
Hip And Knife-Proof? The Latest Threads At Colombia Fashion Show
Fashionable and practical - two words that could describe a line of men's clothes recently shown at Medellín, Colombia's Colombiamoda 2014 international fashion show. A line of anti-ballistic clothing — hoodies, t-shirts and polo shirts —also offers varying levels of above-the-waist protection from knife and blade cuts, bullets and abrasion, like falling from a motorcycle.
Are We Addicted to Failure?
Like all addicts, Central Planners are confident they can manage the monkey on their back. But this is a self-serving illusion.
Mazda recalls U.S. cars with faulty Takata air bags

## Japan ##
The Flame-Out Of Abenomics, in One Crucial Chart
Pity The Japanese: They've Been Turned Into Keynesian Lab Rats
Attempt by China to buy Japanese islands scuppered: Sankei Shimbun
Japan's Export-Champ Days Are Left Behind, Chart Shows
Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar
Japan's secrecy law seen as draconian
Fukushima monkeys show possible effects of radiation, study suggests
McDonald's Japan stops sourcing all chicken from China
Japan walking 'tightrope' on public debt as yields set to rise: Amari
Japanese government to make fuel-cell cars the official vehicle for all ministries
Japan eyes opening 3 casinos by 2020
Abe arrives in Mexico on first leg of Latin America, Caribbean visit

## China ##
China to roll out seven pilot markets for trading water rights
China to create intellectual property courts
I can hear a lot of applause here. Hooray, the Chinese are getting serious about protecting intellectual property rights, etc. Maybe so. But this is exactly what brings the whole system down. Because problems are continually arising, governments perforce keep creating new offices and departments and ministries and institutions to deal with them. But even if a solution of sorts results, any newly created entity requires energy (i.e., a budget), and thereby becomes yet another burden that must be maintained. Governments in this way become increasingly bloated and complex, and that bloat and complexity act as a major force that induces dysfunction and, ultimately, systemic collapse. Have a nice day! -- RF
Whose Oil Will Quench China's Thirst?
Keynesian Ditch Diggers At Work: China's Construction Orgy Has Planted Malinvestments Everywhere
Overgrown Beijing slaps new limits on industry in bid to cut smog

## UK ##
More universities to charge maximum tuition fees of £9,000
NHS patients at risk of getting mad cow disease during surgery
Hundreds die each year in NHS due to faulty machines: report
Scotland Yard refuses to name 17 groups it spied on
Ryanair-style nurseries are charging extra for food and nappies, report warns
Nurseries are becoming like "budget airlines" forcing parents to pay for "optional" extras such as food and activities for their children, a survey of hundreds of childcare providers has found.
Poor doors: the segregation of London's inner-city flat dwellers
Multimillion pound housing developments in London are segregating less well-off tenants from wealthy homebuyers by forcing them to use separate entrances.

## US ##
US Manufacturing PMI Drops, Biggest Miss On Record
Obama Declares Emergency As Huge Fires Burn In Washington State
Canadians decry shutoffs, plan water convoy to Detroit
What Drives Miami's Condo Bubble 2? Foreign Buyers
What Will Fed Do When The Overheated Sectors Carrying US Economy Start Cooling?
Car thieves with good taste are targeting luxury vehicles
Federal officials say hundreds of thousands of high-end vehicles are smuggled overseas everywhere by car theft rings.
Illinois workforce shrinks by largest margin in state history
Barbaric: Arizona inmate takes nearly two hours to die in botched execution
New Home Sales Collapse 20% From May To Dec 2012 Levels; Biggest Miss In A Year
Groundwater levels drop in Southwestern U.S. in ongoing drought
Detroit Isn't Fixed: The City's Pensioners Just Pulled Another Heist
When does college become too expensive? Tuition growth continues to outpace income growth and the student debt bubble continues to expand with the vast majority of debt going to the young.
Record Student-Loan Debt Prompts Treasury Push to Stem Defaults
The U.S. Treasury, which finances more than 90 percent of new student loans, is exploring ways to make repayment more affordable as defaults by almost 7 million Americans and other strapped borrowers restrain economic growth.
Resolution Against New Iraq War Passes House in Landslide
ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare
As Political Disenchantment Soars, Lines At The Polls Grow Shorter
Obama Shenanigans on 'Factoryless' Exports, Taxes, Employment, Jobs
Wal-Mart's New U.S. Chief Faces Empty Shelves, Grumpy Shoppers
Shares Of A Major US Trucker Are Crashing After Management Says It Can't Find Drivers For Its Trucks

And finally...
Female postal worker allegedly 'goes postal' at NYC hair salon because of slow service


News Links, July 24, 2014

## Global Ponzi meltdown/House of Cards ##
IMF cuts U.S. 2014 growth forecast to 1.7 percent
China's Debt Ratios Set To Soar Past US Levels—-Up 100 Percentage Points In 5 Years
The dollar's 70-year dominance is coming to an end
Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution
Half of Europe's Jobs Threatened by Machines in Echo of U.S. Risk
Fifty-four percent of jobs in the 28-member European Union are at risk of advances in computerization, according to a study by economist Jeremy Bowles published by Bruegel, a Brussels-based research organization.
Greek sovereign debt at 174.1 percent of GDP in first quarter
Global stock markets at risk from Black Swan spike in oil price
Chart Of The Day: For Caterpillar The "Great Recovery" Is Just As Bad As The Great Financial Crisis
5 cities that millionaires call home
The Boomerang Effect: Sanctions on Russia Hit German Economy Hard

## Airline Death Spiral ##
Boeing to pack fliers tight on high-density 737 model
Qantas can't just do a Virgin
Mounting losses fail to deter aviation entrepreneurs
FAA extends Tel Aviv flight ban another 24 hours
US airlines are still flying over these war zones
China's Horrible Flight Delays Are About to Get Worse

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ukraine fighter jets shot down close to crash site
The Ruskies Did It, But Washington Confesses: "We Don't Know A Name…Rank….Nationality….No Perry Mason Moment"
Ukraine Caught in Third Major Lie? Magic Number 312
US Story on MH17 Unravels Over Lack of Real Evidence
Africa Transforms, But Confused US Policies Push it Toward China
Al Qaida-affiliated Syrian insurgents seize towns from U.S.-backed rebels
Fighters from the Nusra Front, al Qaida's official affiliate in Syria, on Tuesday seized three strategic towns on the border with Turkey in a major blow to U.S.-backed moderate rebels.
Murder on the Pipelines: Drug Cartels Turn Texas Oil Routes Into Killing Zones
Global terrorism deaths soar
Israel's Iron Dome Defense in Line for Tripled U.S. Aid
Israeli Attacks on Gaza Continue: 693 Palestinians, 34 Israelis Dead
Boeing SEC Filings Confirm Possible Iran Sales

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mumbai Muslims Protest Gaza by Boycotting Pepsi, Nescafe
Rich-poor divide threatens Asia's political stability

## Energy/resources ##
Things Continue To Get Worse
The main surprise, at the moment, is how rapidly the situation is deteriorating in so many of the countries that supply oil and gas to the world. Sadly the headlines will only cover one or two of these at a time. As a result the overall trends are missed as headlines instead focus on the very small changes driven more by sentiment and political perspective than by the realities of the medium, and even short-term oil and gas supply situation.

Revealed: the dirty secret of the UK's poultry industry
Two-thirds of fresh retail chicken in UK contaminated with campylobacter

## Environment/health ##
Bats get 'the bends' from wind turbines
Conservationists once thought that bats flew into blades accidentally, but wildlife experts now believe they get 'the bends' from the pressure change

## Intelligence/propaganda/security/internet/cyberwar ##
Meet Theranos, Inc. – The Blood Testing Company with Henry Kissinger and a Cadre of Military and Political "Elite" on its Board

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part II: Inflation Is Not "Growth"
Warning of 'dangerous' public backlash against solar in Japan
Rises in consumer electricity prices, caused in part by a backlog of unbuilt PV projects, could put Japan's solar industry in serious danger of losing support, a Tokyo-based analyst has warned.

Multi-story buildings will all become unusable without affordable electricity. -- RF
And finally...
Fugitive tries to make escape by running into police academy

Tuesday, July 22, 2014


News Links, July 22-23, 2014

## Global Ponzi meltdown/House of Cards ##
Use of renminbi, Chinese currency, growing globally
Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia
Swiss, Chinese Central Banks Enter Currency Swap Agreement
The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).
BRICS shake up global economic architecture
New World Disorder: Emerging Division Between East And West Threatens To Plunge The Globe Into Chaos
China's debt soars to 250% of GDP
Chinese Government Frets Out Loud About Property Bubble Taking Down the Economy
In third straight month of decline, industrial turnover falls 4.9 pct in May (Greece)
After $35 Billion In US/Europe/IMF Aid, Kiev Needs Even More To Keep Afloat And Its War On The East Funded
Bank Of England Leads Push For Deposit Confiscation - Japan, China, Russia Against Bail-Ins
The Baltic Dry Index Collapses To 18-Month Lows; Worst July Since 1986
European Banks Begin to Sweat As ECB Promises Scalps
Have Institutional Investors Gone Completely Nuts?
Allergan to cut 1,500 employees in restructuring
Scramble For Yield Goes Ballistic—-Even Mexican Junk Bonds Up 2X Over Last Year

## Airline Death Spiral ##
Airlines scrap Israel flights over missile fear
In a sign of increased caution about flying near combat zones, U.S. and European airlines halted flights to Israel Tuesday after a rocket landed near Tel Aviv's Ben Gurion Airport.
As the world becomes increasingly unstable, the skies will become increasingly unfriendly to commercial aircraft. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity
Secy Kerry's Belligerent Bombast: Rush to Judgment Just Like False Syria Gas Attack Charges
Ron Paul On 10 Things The Media Won't Report On The MH17 Tragedy
Email from Ukraine Portfolio Manager; Obama Idiocies and Ironies
Bodies, black boxes handed over from Ukraine crash site
UN Security Council Demands Investigation Into Downed Malaysia Airlines Flight
Sorting Through All the Possibilities; Ukraine Accuses Russia of Deliberately Downing MH17; Brawl in Ukraine Parliament; Rush to Judgment
US State Department "Confident" MH17 "Mistakenly" Downed By Separatists, Finds No Direct Link To Russia
Russian View: Why Putin Is Not Impressed
The effects of the first round of US sanctions enacted in the aftermath of Crimean referendum have been somewhat, let's say, surprising for Western mainstream media. Besides the obvious fact that the sanctions haven't had a visible impact on Russian foreign policy, they marked the local bottom of the Russian stock market, which has since outperformed the US stock market.
Israel using flechette shells in Gaza
Israel's Iron Dome Isn't Working: A Weapons Expert's Warning
Israel strikes hospital, houses; Gaza death toll passes 570
Gaza War Toll Continues to Soar: 608 Palestinians, 27 Israelis Killed
Islamic State crushes and coerces on march towards Baghdad
Islamic State thwarts Syrian government forces on two fronts
With ISIS Now Controlling 35% Of Syria And Most Of Its Oil Fields, Iraq Issues An Ultimatum To The US
Sanctions relief for Iran extended

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Silence is Consent': Thousands Worldwide March For Gaza
Pro-Palestinian protests turn violent in Paris

## Energy/resources ##
Shale's "Ground Zero" Moves To Ban Drilling
Nuclear waste - the unanswered questions that won't go away
Analyst: Oil, Gas CAPEX Spending to End 2014 a Bit Flat
Easier said than done: Keeping Oil Production From Falling
Amplats to sell strike-hit South African mines
Here's Yet Another Problem in Platinum Supply
Qatar's LNG Dominance Threatened by Shell's Reported Withdrawal
Royal Dutch Shell's widely reported decision to end its role in a gas project in Qatar threatens the Gulf state's dominance in the production of liquid natural gas (LNG).
Region hit by massive blackout (Australia)
China's President Xi Jinping signs Venezuela oil deal
Global seaborne coal market oversupply to be 10MT this year - Report
Reuters reported that the global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

## Got food? ##
Beef pollutes more than pork, poultry, study says
Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says.
Growing the Open Food Revolution
China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
High food prices killing Ghanaians
Removal of Egyptian energy subsidies impact on food prices

## Environment/health ##
Hot Streak: World Breaks Monthly Heat Record Again in June
80 percent of California is now in extreme drought
Soaring Meat Consumption Bigger Problem Than Thought: Study
New research suggests giving up red meat in particular would be more impactful environmental choice than giving up your car
Great Barrier Reef 'in worst state since records began'

## Intelligence/propaganda/security/internet/cyberwar ##
Government agents 'directly involved' in most high-profile US terror plots
Verizon Launches Rewards Program With Tracking
New Tracking Tool Is Like a Cookie That Can't be Blocked
1 Million Net Neutrality Comments Filed, But Will They Matter?
Hackers Extorting With Stolen Photos Increasingly Common
NSA shares raw intelligence including Americans' data with Israel
Why Should Anyone Believe Kerry Now: His Syria Gas Attack Lie Was Brazen
State Dept. Annoyed at Press Questioning MH17 Narrative

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part I: Our Ponzi Economy
Surfing the Italian tsunami
Italy is being hit by an economic tsunami caused by the high costs of mineral commodities which is destroying its industrial system and plunging the country in a deeper and deeper crisis. Unfortunately, the Italian government seems to be still locked in the obsolete paradigm of "restarting growth" no matter at what costs and that is worsening the problem instead of solving it.
I'm sure this formula sounds familiar even to those of us who don't live in Italy. -- RF
Self-Driving Cars Will Mean More Traffic
Growth vs. Prosperity: Crash Course Chapter 5
Shortages of Prescription Drugs Reported Nationwide

## Japan ##
The real story behind Japan's drone boom
June home appliance shipments drop 6.8%
Japan's economic growth forecast for FY 2014 cut to 1.2%

## China ##
Chinese officials to get re-education in Marxism
China's housing market implosion is picking up speed
Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold
China's meaningless GDP figures: Bloated Chinese economy needs austerity diet
Ethiopia Becomes China's China in Search for Cheap Labor
China's enormous bad debts may mean good times for bankruptcy experts
Asia's richest man is building Hong Kong apartments barely bigger than a prison cell

## UK ##
UK autumn gas prices to rise due to maintenance, Ukraine risk
Student loan system is almost financially unworkable, say MPs
Government fuel poverty strategy 'meaningless' and 'inadequate', campaigners warn
Trouble in store: the grave future of British public and private debt

## US ##
The Ambitious Plan to Break California into 6 States – A Model for the Future?
The Full-Time Scandal Of Part-Time America
Huge Labor Force Dropout Not Due To Retirements: 47% Full-Time Employment Ratio Of Working Age (16-54 Yrs.) Lowest Since 1985
Inflation where it matters: Close to 50 percent of Americans indicate spending more on groceries and fuel this summer. Nearly one third indicate more spending on rent and mortgage payments.
U.S. consumer inflation rises on high gasoline prices
AK-47 Sales Soar After US Sanctions Kalashnikov Imports
Child poverty rates on the increase
Rich-poor divide: City OKs UWS development with 'poor door' for residents
A trend to working fewer hours and low wage labor: Is America looking at becoming a low wage nation in a race to the bottom? 1 out of 4 people working are in jobs paying $10 an hour or less.
Perry sending National Guard troops to border
Migration spotlights Mexican 'coyote' smugglers
New college grads hit by slow wage growth: Fed study
Can you really afford a new child?
What a Storm Surge of Hot Money Does To San Francisco
Detroit retirees back pension cuts by a landslide
Deal In Detroit Could Signal Cuts To Pensions Elsewhere
Coming to a shore town near you? Inside New Jersey's pension crisis
Appeals Judge Says Guillotine 'Probably Best' for Executions
"But executions are, in fact, nothing like that. They are brutal, savage events, and nothing the state tries to do can mask that reality. Nor should it. If we as a society want to carry out executions, we should be willing to face the fact that the state is committing a horrendous brutality on our behalf."

And finally...
Creationist Ken Ham calls to end space program because aliens are going to hell anyway

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