Thursday, May 28, 2015

 

News Links, May 29, 2015

## Global Ponzi meltdown/House of Cards ##
Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies
Greece Owes $1.2 Billion To Drugmakers As Government Can No Longer Afford Basic Medical Supplies
IMF's Lagarde considers Greek exit from eurozone a possibility
April Greek Capital Flight €5 Billion; Eurozone Liabilities Hit €115 Billion
Instead of Playing Golf, the World's Elderly Are Staging Heists and Robbing Banks
Loneliness and poverty are two factors blamed for increased criminal activity among senior citizens
Yuan Now Most-Used in Asia for Payments to China, Swift Says
US Containerized Exports Plunge Off the Chart
Mounting Coal Piles Add to Doubts on India Growth Passing China
The Coming Cashless Society
Southeast Asian economies turn sluggish as exports sag
J.P. Morgan Chase expected to lay off more than 5,000 by next year
Global Youth Unemployment Hits 35 Million As Recent Grads Lean On Parents
Sinking Indonesia Docks,  Idle Ships Spur $6 Billion Port Revamp
Africa's Booming Youth Population May Boost Economy But Also Poses Risks, Economists Say
Cuba: Figuring Out Pieces of the Puzzle
It's Getting Ugly in Spain
More and More Outlets Are Suggesting a Carry Tax on Physical Cash

## Airline Death Spiral ##
For most passengers, air rage begins at home
The Best Airfare Deals Are Now in First Class
How Airlines Turned Your Vacation Plans Into a Losing Bet
Power failure at Belgian air traffic control disrupts officials' programs

## Fault lines/flashpoints/powder kegs/military/war drums ##
Poroshenko Threatens To Declare Martial Law In Ukraine Within Hours "To Demonstrate Readiness For War"
US Army begins training for the next war, which may be much different — and bigger
China moves weapons on to artificial islands in South China Sea
US mulls larger role near disputed South China Sea territory
Defying China isle buildup, Carter says U.S. flights, sea operations in Pacific will go on
U.S. hopes Chinese island-building will spur Asian response
Turkey and the Islamic State: Clash of interests feeds suspicions
NATO Breaks Treaty to Establish Permanent Forces in Baltic
NATO is set to break a 1997 treaty it signed with Russia by establishing permanent forces in Latvia, as it piles in more troops to the Baltic States.
Superpower in Distress (or Delusionary Thinking in Washington)
Rouhani clashes with Iranian clergy over women arrested for 'bad hijab'
African migrants risk all in Sahara to reach Europe

## Global unrest/mob rule/angry people/torches and pitchforks ##
Saudi Arabia's Imprisoned Princesses Call For Revolution
Douglas Carswell shoved and taunted by anti-austerity protesters
Douglas Carswell, Ukip's only MP, says he is 'frightened and shaken' after being confronted by dozens of protesters as he waited for a bus near Parliament
Amidst New Protests, DOJ Seeks to Rein in Deadly Cleveland Police
Japan demonstrators gather outside Diet

## Energy/resources ##
Report: Long-Term Focus Needed to Solve Oil, Gas Talent Crisis
The cyclical nature of the oil and gas industry is nothing new to seasoned industry professionals. However, with the most recent dramatic drop in crude oil prices which spurred CAPEX cuts and project postponements across the globe, industry experts see now as an opportune time to address long-term needs for talent.
Oil deficit coming? World may be consuming more than it pumps by year end, analysts warn
Macedonia Caught In East-West Pipeline Tug-Of-War
We May Not See Arctic Oil For Decades
The Tanker Market Is Sending a Big Warning to Oil Bulls
Oh, boy: Data will replace oil as source of energy: Alibaba's Jack Ma
Oil storage is so expensive it could derail the oil recovery
Power crunch from South Africa to Nigeria curbs growth outlook
Africa's crippling shortage of electricity is among the biggest threats to the economy's outlook, delegates and leaders at a key banking conference in Ivory Coast said. From Nigeria to Ghana, and South Africa to Zambia, inadequate power supply and the lack of infrastructure to deliver electricity is crimping economic growth, frustrating businesses and depriving millions of families of basic facilities.

## Got food? ##
The 20 countries where more than 1 in 4 people go hungry
Bird flu egg-splained: The impact goes far beyond your breakfast table
McDonald's Pins Its Turnaround Hopes On Toasted Buns

## Environment/health ##
Tiny parasite could be behind massive worldwide decline of bees
Department of Defense mistakenly ships live anthrax to labs across country
For months after recovery, Ebola is essentially an STD
Canada Wildfires Rage On, Intensify Near Oil Sands Sites
Death toll from heatwave in south India hits 1,150
First suspected case of MERS reported in S China

## Intelligence/security/internet/cyberwar ##
Why The Media Ignores Jeremy Hammond While Praising Edward Snowden
AP sources: IRS believes identity thieves from Russia
Wide-ranging snooper's charter to extend powers of security services (UK)
Obama ordered CIA to train ISIS jihadists: Declassified documents
The Internet's Growth Is Actually Slowing Down

## Propaganda ##
Far from facing the truth, the US is telling new lies about Iraq
Yemen TV v Yemen TV: Saudi Arabia steps up propaganda war with copycat media
A Reckless 'Stand-upper' on MH-17
Australia's "60 Minutes" claimed to do an investigative report proving the anti-aircraft battery that shot down Malaysia Airlines Flight 17 last July fled into Russia and pinning the atrocity on Russian President Putin. But the news show did a meaningless "stand-upper," not an investigation.
Al Qaeda Syria Boss Says That His "So-Called Khorasan Group Doesn't Exist"
Legendary Journalist in Private: "It Is All Fraudulent, All of It, Everywhere"

## Systemic breakdown/collapse/unsustainability ##
America's descent into a world of madness: The nihilistic philosophy guiding us into the future
The Era of Response (The Archdruid Report)

## Japan ##
Japan nuclear regulator clears first reactors after safety checks
Road to ruin: Diet enacts bill to create Olympics minister
54 SDF troops who took part in Indian Ocean, Iraq operations killed themselves: ministry
4 aging N-reactors decommissioned

## China ##
China Wants to Internationalize Its Currency, So It's Easing Capital Restrictions
China May official factory PMI seen lackluster despite stimulus moves
China markets plunge in record turnover as margin traders take fright
China building lighthouses on two islands in disputed Spratlys

## UK ##
BBC defends reality show involving poor, dubbed 'Hunger Games'
Britain's Hardest Grafter will pit 25 of Britain's lowest-paid workers against each other for cash prize in series it claims is a 'serious social experiment'
Anti-austerity protest: Ukip MP Douglas Carswell mobbed by demonstrators in London
'It was like a lynch mob, I have never seen such hatred'
Alan Bennett, the playwright, says the modern-day poor are looked on as badly as they were under the Tudors
The poorest part of London is wealthier than the richest parts of Northern Ireland and Wales
MoD asked make £1bn of cuts which put Nato spending target at risk, claims source

## US ##
Texas economic outlook darkens
In Shocking Move, Goldman Slashes America's Long-Run "Potential GDP" From 2.25% To 1.75%
Storms kill 17 in Texas, Oklahoma; Houston flooded
Many Americans have no retirement savings: Fed survey
Growing trend: Companies banning salary negotiation
David Petraeus – How This Leaker of Classified Information is Peddling KKR Funds as Opposed to Serving Jail Time
How Healthcare Is Dooming the U.S. Economy (Three Charts)
As it stands now, U.S. healthcare will bankrupt the nation and doom it to permanent stagnation and recession.
Emergency Powers Give Barack Obama Authority Over Just About Everything During A Major National Crisis
Bush earned millions in juggling act as corporate adviser
Floyd Dent, Man Beaten by Michigan Cops on Camera, Settles for $1.4 Million
"Bond Girl" on Chicago and the Quality of Credit Analysis in the Municipal Bond Market
Financial Vulnerability Still Haunts U.S. Households—–47% Couldn't Come Up With $400 For An Emergency
States Turn To Pension Ponzi Scheme To Close Funding Gaps
Shopping with $1 million in Culver City: gentrifying out the baby boomers and those unable to keep up with the Joneses.

## The Clintons ##
What We Know About WJC, LLC, Bill Clinton's Consulting Company
Arizona State Hikes Tuition Dramatically, Yet Pays the Clintons $500,000 to Make an Appearance
How the Clinton Foundation Paid Sidney Blumenthal $10K per Month as He Gave Horrible Libya Advice to the State Dept.
Accent on accents: Will The Real Hillary Clinton Please Stand Up?


Tuesday, May 26, 2015

 

News Links, May 27, 2015

## Global Ponzi meltdown/House of Cards ##
Global Trade Dives Most since the Financial Crisis
World Economy Stalling Out——No Central Bank Life Boats Left
Even Goldman Gets It—–The World Is Drowning In Debt
Is The 505 Trillion Dollar Interest Rate Derivatives Bubble In Imminent Jeopardy?
Australia Dumbs Down as Government Bets on Baristas Over Brains
Merkel dashes Ukraine's hopes of joining the EU
South Africa's economy grows below forecasts as jobless rate ticks up
War on Cash: Martin Armstrong Reports on a Secret Meeting in London to Ban Cash
4 sinister threats that loom for the cashless society
The Market Society: Capitalism is killing America's morals, our future
Asia To Be The Center of The Second Gilded Age For Billionaires

## Airline Death Spiral ##
Airlines Slide Into Bear Market on 21% Drop From 2015 Peak
The U.S. airline industry slipped into a bear market as investors worry that carriers are losing power to raise fares even as oil prices rise.
Air Canada's new carry-on crackdown doomed to fail, critics claim
Anxiety high at Malaysia Airlines this week as 20,000 staff await termination letters
The single worst practice of the airlines
Air France flight taken to JFK airport by military after threat
State fund appoints administrator for Malaysia Airlines restructuring
Plane safe? Hacker case points to deeper cyber issues
Singapore Airlines Presents New Seats for Premium Economy Class
Airline Miles Are Now So Hard to Use That People Are Paying Consultants for Help
US major airlines continue their push to shed 50-seat jets as upgauging sweeps the industry
Professor warns against pilot strikes

## Fault lines/flashpoints/powder kegs/military/war drums ##
David Cameron and Vladimir Putin agree to work together to stop Islamic State
Iran Blames US for Ramadi Loss: US Has No Will to Fight ISIS
Dozens Killed As Taliban Lay Siege To Afghan Police Compound
Chinese State Paper Warns "War Will Be Inevitable" Unless U.S. Stops Meddling In Territorial Dispute
Blocking a Nuclear-Free Mideast
With a large undeclared arsenal of nukes and the missiles to deliver them, Israel ranks as the world's top rogue nuclear state, even as it threatens to bomb Iran over the theoretical possibility of building a single nuclear weapon, hypocrisy backed up by the U.S.
Japan to join U.S., Australia war games amid growing China tensions
Taiwan's President To Propose Peace Plan For South China Sea
Russia Plans To Build Own Warships After Conceding That Mistral Deal Is Dead
Russian ditches slow arms smuggling from Ukraine
Budget cut hits Brazilian military
Japan, Malaysia agree to beef up defense cooperation
Southeast Asia accelerates its maritime buildup amid tensions with China
Aquino: Philippines To Fly Over Disputed South China Sea
Indonesia's military re-enters civilian affairs after president crosses swords with police
USAF Certifies SpaceX for Military Launches

## Global unrest/mob rule/angry people/torches and pitchforks ##
'This is Straight Murder': Protests Sweep City Following Cleveland Acquittal
China Says Over 180 Gangs Smashed In Anti-Terror Crackdown In Xinjiang
Chinese authorities say they have broken up 181 violent terrorist groups in the northwestern region of Xinjiang in the past year -- and that they are making progress in winning public support for their crackdown on terrorism and religious extremism in the region, which has been hit by ethnic tension in recent years.
French police break up riot in migrant camp in Calais

## Energy/resources ##
Malawi forests shrink as power deficit fuels charcoal business
Impoverished villagers are hacking down Malawi's forests to make charcoal, undeterred by government efforts to confiscate the dirty fuel as a power deficit stokes demand.
Nigeria's Buhari must start his presidency facing crippling fuel scarcity and power cuts
Nigerian cellphone provider needs fuel to prevent shutdown
Blackout: National grid down as 18 power plants shutdown
Nigeria paying $800 million to oil suppliers to end crisis
Long and sporadic power cuts returned on Sunday to haunt the national capital reeling under a heat wave, prompting the AAP government to call an emergency meeting of the three electricity distribution companies (discoms) and mull an advisory asking Delhiites to switch off appliances like air conditioners during peak hours.
How Wind Farms Might Be Deafening Our Harbour Seals
Wind farms may be a vital source of green energy, but new research shows that the construction of off-shore wind farms could potentially be damaging the hearing of harbour seals and other marine life.

## Got food? ##
The Case for Nationalizing Monsanto
Ridding the world of Monsanto via a state buy-out would be a boon to humanity.
Mozambique agriculture plan could displace 100,000 farmers - activists
Mozambique is mulling a plan to lease 240,000 hectares of prime farmland to investors to grow crops for export, threatening to displace more than 100,000 local residents, activists and academics said, citing a leaked document.

## Environment/health ##
A new global action plan endorsed by the World Health Assembly in Geneva Monday urges all governments to have national strategies in place by May 2017 to combat antimicrobial resistance, a global phenomenon that facilitates the rise of deadly superbugs. Most countries do not have nationwide plans to address climbing rates of antibiotic resistance.
Scorching Indian heat wave leaves 800 dead, melts roads in capital
Women Are Losing The Ability To Give Birth To Babies 'Naturally' And To Breastfeed: Study
Women are increasingly losing their ability to breastfeed and give birth naturally, according to a latest study. Reuters
A French obstetrician says women are losing their ability to breastfeed and give birth "normally." Dr. Michel Odent also says the number of birthing mothers who, during labor, are injected with a drug or are operated on is rising.

## Propaganda ##
More Video Fakery on MH-17
Australia's "60 Minutes" program refuses to admit the obvious: that it messed up in determining the location where the "getaway" video was taken after last July's Malaysia Airlines Flight 17 shoot-down. Instead, the show presented an update with more deceptive video.

## Systemic breakdown/collapse/unsustainability ##
The naive belief that history is linear, that moral progress accompanies technical progress, is a form of collective self-delusion. It cripples our capacity for radical action and lulls us into a false sense of security. Those who cling to the myth of human progress, who believe that the world inevitably moves toward a higher material and moral state, are held captive by power.
Surplus Repression and the Self-Defeating Deep State
The nation is wallowing self-piteously in a fetid trough of denial and adolescent rage/magical thinking now that the nation's bogus, debt-based "prosperity" has crashed and cannot be restored.
Just imagine the amount of demolition waste this will generate! -- RF


## The Clintons ##


Sunday, May 24, 2015

 

News Links, May 25, 2015

## Global Ponzi meltdown/House of Cards ##
JPMorgan: Something Has Gone Wrong With the Global Consumer
In India, Gold Is Not Only Money But Now Pays Interest
Downturn in South America Mauls Spanish Companies, Threatens Spain's "Recovery"
Petrobras Scandal Could Undermine Brazil's Economy
Greece can't make €1.6B IMF payment, refuses to budge on rescue aid terms
G7 Finance Ministers To Address Faltering Global Growth
Revealing The Identity Of The Mystery "Belgian" Buyer Of US Treasuries
TTIP Controversy: US Officials, Industry Lobbyists Pressured EU Not To Regulate Harmful Chemicals, Threatened Trade Deal
U.S. trade officials pressured the European Union (EU) not to regulate hormone-damaging chemicals that have been linked to health issues such as cancer, fertility and diabetes during talks over the Transatlantic Trade and Investment Partnership (TTIP), according to documents obtained by Pesticides Action Network Europe.
New Silk Road Could Change Global Economics Forever
Strangled By War and Siege, Gaza's Economy 'On Verge of Collapse': World Bank
Chinese 'Virus' Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week
Free-spending governments learning they cannot hide behind an oil barrel

## Airline Death Spiral ##
Asian airlines 'close to break-even in 2014′, says AAPA
"Asia Pacific airlines in aggregate operated at close to break-even in 2014, compared to a net profit of US$2.2 billion reported for the year 2013,"  according to preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA).
Nigerian airlines cancel flights amid fuel crisis
Fights, Smashed Computers, and Food Thrown in Riot at Shenzhen Airport Over Delayed Flights

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran enters Iraqi fight for key oil refinery, US says
Iran has entered the fight to retake a major Iraqi oil refinery from Islamic State militants, contributing small numbers of troops - including some operating artillery and other heavy weapons - in support of advancing Iraqi ground forces, U.S. defense officials said Friday.
Saudi Arabia Seeks 10 Sea Hawk Helicopters
Islamic State raises flag over citadel in Syria's Palmyra: supporters
Iraq regains ground from Islamic State; mass deaths reported in Palmyra
Syria regime likely to accept de facto partition of country
Death in the orchards: the crumbling of the Syrian regime
Obama Winks at Terrorist Gains
President Obama is playing a reckless game as he winks at Saudi and other Sunni oil-state support for al-Qaeda affiliates in Syria, with the very real possibility that the secular government will collapse and the terrorist black flag will be hoisted over Damascus.
Libyan Government Warplanes Attack Oil Tanker Docked At Sirte
Saudi forces and Yemen's Houthis trade heavy fire, border crossing hit
Saudi clerics urge calm as village hit by Islamic State seethes
Saudi Arabia's top Sunni cleric on Saturday branded a deadly attack on Shi'ite Muslims a bid to sow chaos, after villagers targeted in the bombing vented their anger at what they saw as the Sunni-dominated government's indifference to their safety.
Dispute over Mideast nuclear arms ban torpedoes U.N. conference
Israel Nuclear Weapons: Netanyahu Thanks US For Backing At The UN Against Middle East Nuclear Drive
Iran Accepts UN Inspection of Military Sites Amid Nuclear Talks
Israel Seeks International Law Rewrite
Israel and its supporters are leading a charge to rewrite how international law defines crimes against humanity to create more leeway for military attacks that kill large numbers of civilians, a bitterly ironic development.
Israel Defense Exports Plunge to Seven-Year Low
Slain Salvador archbishop beatified in sign of Catholic Church's new direction
Unable to halt Europe-bound migrants, Tripoli demands help
Washington's Shameful Obeisance To The Odious Oligarchs Of Saudi Arabia
Japan mulls energy, infrastructure aid to Cuba

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters block all lanes on Cleveland's Shoreway
Cleveland protests erupt after officer found not guilty
'We Will Win': McDonald's Worker Protests Stretch Into Second Day
Protests in Olympia end after clash with police
Hawaii groups plant coconut trees, protest against Monsanto
Demonstrators planted coconut trees and waved signs in rallies across the Hawaiian Islands as part of an international day of protests against agriculture business Monsanto.
'March Against Monsanto': Protest against GMO giant to roll in 38 countries this weekend
The strikes sweeping Germany are here to stay
As pay gaps widen and conditions deteriorate, German public sector and service workers are turning to once-unthinkable industrial action
Thousands surround Diet to protest U.S. base relocation plan (Japan)

## Energy/resources ##
Millions of Barrels of Oil Are About to Vanish
Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.
Norway overtakes Russia as western Europe's top gas supplier
Clock Running Out For Struggling Oil Companies
Nuclear Power Isn't Really Zero-emission, But Neither Is Anything Else
Nigeria Fuel Shortage: Arik Air, MTN And Airtel Among Big Businesses Crippled By Lack Of Fuel
Nigerian cellphone provider needs fuel to prevent shut-down
Nigeria's leading cellphone provider said Sunday it urgently needs diesel to prevent shutting down services countrywide - the latest business hit by a months-long fuel crisis in Africa's biggest oil producer.
Heat and Drought Pose Threat to U.S. Power Supplies
$100 Billion Cut from Global Energy Projects
The collapse of crude oil prices that started last Fall and continued through the first half of March this year has forced many U.S. producers to delay new drilling or well completions until prices rise again. But it's not just U.S. producers that have felt the pressure. As expensive as it is to produce tight oil from the shale plays of North Dakota and Texas, it's even more expensive to produce crude from Canada's oil sands and the frigid waters of the Arctic Circle.

## Got food? ##
China makes fake rice from plastic: report
Bird flu in U.S. might drive up egg prices by the billions, analysts say
Arguments against GMOs
Egg Prices in New York Surge

## Environment/health ##
Transocean Settles For $211 Million In Deepwater Horizon Spill
After Decades, Fake Tire Reefs 'Killing and Smothering' Real Coral
Bird Flu Spreading as Scientists Look Everywhere for Clues
Flash Floods In Texas And Oklahoma: Cities Will Hit Wettest Months On Record
Heat wave in India kills at least 335 people
Unprecedented Mass Die Offs as Pacific Ocean "Turning Into a Desert" Off California Coast

## Intelligence/security/internet/cyberwar ##
Apple and Google Just Attended a Confidential Spy Summit in a Remote English Mansion
At an 18th-century mansion in England's countryside last week, current and former spy chiefs from seven countries faced off with representatives from tech giants Apple and Google to discuss government surveillance in the aftermath of Edward Snowden's leaks.
FBI Confirms No Major Terrorism Cases Cracked via Unconstitutional Patriot Act Phone Spying
Adult FriendFinder Hacked – Accusations Emerge that Federal Employees Used it from Government Emails
NSA winds down once-secret phone-records collection program
TPP Could Criminalize Journalism and Whistleblowing
Putin signs law allowing closure of 'undesirable' foreign organisations
US Department of Justice releases drone guidelines; protects privacy
Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad
Researchers Predicted In 1971 that Debit Cards Would Become the Ultimate Spy Tool

## Propaganda ##
The MH-17 Propaganda War
When called to account for an apparent inaccuracy in a broadcast pinning the MH-17 shoot-down on Russian President Putin, Australia's "60 Minutes" responded with insults and dissembling. But that behavior has been typical of the propaganda wars around the Ukraine crisis.

## Systemic breakdown/collapse/unsustainability ##
Our Crazy-Making Economy's Endgame: Festering Frustration Seeking an Outlet
The future of humankind after the great crash: extinction or the human hive?
Mexico gunfight kills 43 as government hits gang hard
Shots fired at members of Mexican gubernatorial candidate's campaign team
With 10K rooms, world's largest hotel coming to Saudi Arabia
The hotel is expected to stand 2,000 feet tall and feature 10,000 rooms, 70 restaurants, 12 separate towers, four helicopter pads, a bus station, shopping center and a convention center.
Grexit "Disaster" Looms As Greek Hospitals Run Out Of Sheets, Painkillers
Derailing Amtrak: Tracking the Latest Disaster in the Infrastructure Crisis
Is the slowdown in productivity growth a result of energy costs?

## Japan ##
Working to death in Japan: Health warning over 'no overtime' law
Japan's push to take away overtime from high-paid workers has critics warning it will aggravate a problem synonymous with the country's notoriously long working hours—"karoshi," or death from overwork.
Mazda, Mitsubishi add 630,000 more cars to Takata airbag recall
Rally against base relocation held in Tokyo
Local governments curbing drones
Govt to lead work to select nuclear waste disposal sites
Defenses bolstered across Nansei Islands
Spinning playground equipment vanishing from parks
Children are losing the opportunity to develop their sense of rotation as moving playground equipment is phasing out while municipal governments are wary of the risk of injury and the costs of maintenance.
Electronics chain Yamada Denki to close 46 stores as tax hike erodes profits
Risk of hydrogen explosion from leaking containers at Fukushima plant

## China ##
The Shenzhen Bourse ——Home Of The 500% Stock Rally
Hanergy chairman Li Hejun added to his short position days before its US$19B market value wipeout
China Establishes World's Largest Physical Gold Fund

## UK ##
CCTV cameras secretly being switched off by cash-strapped councils
CCTV cameras in towns and cities across the country are being switched off by councils who cannot afford to keep them running, making it "increasingly difficult" for police to investigate serious crimes, the Government's surveillance camera watchdog has warned.
First it was street lights, and now it's cameras. What will they turn off next? -- RF
Secret Bank of England taskforce investigates financial fallout of Brexit
News of undercover project emerges after Bank staff accidentally email details to the Guardian including PR notes on how to deny its existence
Cadbury's Roses chocolate boxes have shrunk for the fourth time in as many years
Five internet trolls a day convicted in UK as figures show ten-fold increase

## US ##
Yellen Yap: Point by Point Rebuttal
CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned
The U.S. Is About to Change the Way It Calculates GDP
Junk-Rated Chicago Has A Billion Dollar Pension Problem
Schwab Warns on Munis, those "Affected by Pensions" Are Toxic
New Jersey May Not Be Able to Find Money for Pension Payment This Year, State Officials Say
It Is Mathematically Impossible To Pay Off All Of Our Debt
Oregon governor expands drought emergency zone, says water shortages imminent
California farmers agree to drastically cut water use
Vandals damage California dam, release 50 million gallons of water
Why many experts missed this: Cheap oil can hurt US economy
Police Probe Letter Sent to Long Island Home Asking Black Family to Leave "84 Percent White" Town
Murray Abbott, Missing Morgan Stanley Trader, Dies at 36
More phones, more wrecks? Distracted driving on the rise
7 countries where cash-strapped Americans should consider studying
America's trailer parks: the residents may be poor but the owners are getting rich
Armored vehicles in small-town America trigger debate
10 Most Expensive Wars In U.S. History

## The Clintons ##
Hillary Clinton's Speech Requirements: Private Jets, Presidential Suites And Lots Of Cash
'Pls print': Hillary Clinton's email order raises eyebrows


Thursday, May 21, 2015

 

News Links, May 22, 2015

## Global Ponzi meltdown/House of Cards ##
'If you ain't cheatin, you ain't trying': four global banks plead guilty to felony charges of fixing the price of dollar and euros
The Gloves Come Off: Moody's Warns Of Greek "Deposit Freeze" As Schauble "Won't Rule Out Default"
Greek economy is bleeding 600 jobs a day, €22m in GDP
China Bails Out Brazil In $50 Billion Regional Power Grab
Slum squeeze: overseas students taking turns to sleep in overcrowded Melbourne high rises
For Caterpillar, This Is What The "Second Great Depression" Looks Like
Mideast youth unemployment rises amid post-Arab Spring chaos
Growing Global Inequality Gap 'Has Reached a Tipping Point'

## Airline Death Spiral ##
The Absolute Worst Practice of Airlines Today
Baggage handlers stealing from checked bags
Cathay Pacific flight attendants hold Hong Kong airport sit-in to protest airline's treatment
12 Things You Need to Know About Frequent Flier Programs
Airline Ticket Fees Could Be Going Up, Again
Airline Rally Unwinding as American Spurs Price War Selloff
Man strips naked at airport, upset about overbooked flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
Obama's Strategic Shift
President Obama has belatedly detected the looming catastrophe in Syria and Iraq as Sunni terrorists gain ground. He also grasps the need for Russian and Iranian help. But his administration remains infested with neocons and liberal war hawks who could sabotage the needed deals.
Iraq: 25,000 Shiite Militiamen Gather to Retake Ramadi
Senators call for new military surge in Iraq
Republican senators John McCain and Lindsey Graham on Wednesday called for a new military surge in Iraq to counter the fall of Ramadi and to reset what they said is a failing U.S. war strategy.
How a 19th Century Shipwreck Could Give Canada Control of the Arctic
France Boosts Arms Spending, Eyes C-130 Buy
Israel's Plan to Kill Lebanese Civilians
Asia migrants: Malaysia orders search and rescue for boats
U.S. sanctions Iraqi airline as Iranian front in scheme to buy planes
Finland tells 900,000 reservists their roles 'in the event of war'
Amid rising tension with Russia, Finland takes the rare step of sending letters to every military reservist

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Force Mining Billionaire German Larrea To Halt $1.4 Billion Copper Project In Peru
McDonald's Workers Protest Outside Shareholders' Meeting

## Energy/resources ##
Slow Oil Price Recovery Heightens Upstream Default Risk
The default rate among the exploration and production (E&P) sector's weaker companies is expected to more than double during the next 12 months, according to a new report from Moody's.
Clock Running Out For Struggling Oil Companies
What does nuclear power cost? Old plants dispel easy answers
Shell's boss claims the world will face a massive energy crisis if fossil fuel production scaled back
Saudi, partners turn down Chinese requests for extra oil
North Sea oil and gas firms told to collaborate to ensure the area has a future
THERMAL COAL-South African cargoes hold premium as power shortage bites
South African physical coal cargoes maintained a premium over Australian and European prices as rolling power black-outs due to a severe shortage in electricity generation threatened coal mining and ship loading capacity.
Externalities: The IMF Tells a Half-Truth
India to eclipse China as top coal importer in 2015
Yingli's Possible Bankruptcy: Not An Isolated Case, Says Wolfe Research
Gusts of opposition hit Kenyan wind farm project
Petrobras Turns to China for $10 Billion to Avert Crunch

## Got food? ##
Congress Moves to Eliminate Labels Showing Consumers Where Meat Comes from Following WTO Ruling
El Niño 2015 Could Make Food More Expensive, Especially Coffee, Chocolate And Rice, Experts 

## Environment/health ##
California Governor Declares State Of Emergency As Santa Barbara Oil Spill Worsens Dramatically
California Oil Spill: Biologists Eyeing Extent of Damage to Waters, Wildlife
Deepwater Horizon oil spill killed large numbers of dolphins, study suggests
Warm seas keep planet on course for a hot 2015 as El Nino builds
'The Bees Can't Wait': White House Plan to Save Pollinators Falls Short, Say Experts

## Intelligence/security/internet/cyberwar ##
South Korean Parents Will Be Required to Have Government-Approved Spyware on Teens' Smartphones
As the national-security-state virus spreads around the globe, South Korea will gradually become more and more like North Korea. And of course many other countries will, too. -- RF
Google a step closer to developing machines with human-like intelligence
Algorithms developed by Google designed to encode thoughts, could lead to computers with 'common sense' within a decade, says leading AI scientist
This is How the Clowns at the DEA Screen for Drug Dealers on Amtrak
It's never been so difficult to look unsuspicious. -- RF
Saudi Arabia is Making a Play to Head the U.N. Human Rights Council
Dating website hack leaks data of 4M users
'Weaponizing Vulnerabilities': New Snowden Doc Reveals Spy Agencies Targeted Smartphones
The NSA Plan to Find Bin Laden by Hiding Tracking Devices in Medical Supplies

## Propaganda ##
The CIA and the Myths of the Bin Laden Raid
False Comparison of N. Korea to Iran
MH-17: Australian news show bristled at being caught broadcasting misleading images

## Systemic breakdown/collapse/unsustainability ##
Senate Democrats demand more money for Amtrak repair backlog
Senate Democrats on Thursday demanded that Republicans provide more money for Amtrak so the railroad can tackle a $21 billion maintenance and repair backlog, including replacing tunnels more than a century old.
Our Social Depression
GM says you don't own your car, you just license it
Takata air bag recall could take years to complete, amid drastic shortage of replacement parts
The Era of Impact (The Archdruid Report) 

## Japan ##
Japan debt plan needs BOJ to keep rates low for years -sources
Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB
City that makes Sharp TVs to subsidize purchases by residents
For decades, the city of Yaita in Tochigi Prefecture has served as a production hub for Sharp Corp. Now it's pitching in to boost the struggling company's fortunes by helping residents buy its higher-end products.
Lower House OKs bills on accessing customer, banking data
The Lower House approved legislation Thursday that would, if enacted, enable the government to access citizens' bank deposit records and loosen the rules around how companies use personal customer information.
Japan's First International Drone Exhibition
Chinese bombers fly between southern Japan islands
Reforms and acquisitions: Record 61 Japanese companies post 100 billion yen or more net profit
Key to dismantling reactors: Waste disposal
The money will run out before the dismantling and waste disposal are completed for even one reactor. -- RF

## China ##
China's Richest Man Sees Half His Net Worth Wiped Out In Seconds After Bubble Stock Instacrash
Crash Contagion: Second Chinese Billionaire Wiped Out In Seconds After Stock Instacrash
Over 1,000 university websites have security loopholes
China Manufacturing PMI Contracts Third Month, Output Index at 13 Month Low
Is China Under The Skyscraper Curse?

## UK ##
Income poverty affects third of UK population
Fresh spending squeeze has already begun, says George Osborne
Chancellor tells government departments to make immediate start on finding £13bn of further cuts – with goal of announcing savings by July
Stop scaremongering and prepare for further cuts, Theresa May tells police
May's plan to censor TV programmes condemned by Tory cabinet colleague

## US ##
GOP Lawmakers Rip Obama For Not Being Faithful Enough to Saudi Arabia
The unemployed are dropping out like flies
At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking.
When Will Our Justice Department Jail the Criminal Bankers?
People of little means in our country are routinely being incarcerated for minor crimes. Meanwhile, big-time criminals engaging in major financial crimes that effectively involve the theft of billions of dollars from the public aren't being prosecuted. Today we learned of yet another huge settlement by five of the largest banks operating in our country. The list includes JP Morgan, Citigroup, Barclays, the Royal Bank of Scotland, and UBS.
If Your Parents Are Still Paying Your Bills, You're Not Alone
Hedge Fund Vultures to the Rescue in Puerto Rico
Existing Home Sales Lower Than Any Economist's Estimate; Rising Supply a Good Thing?
Number of NYC Apartments for Rent Above $50k/Month Triples Since '08; 82% of U.S. Construction = Luxury Units
America's rent crisis shows no sign of letting up
China has overtaken Mexico as the source of the largest number of immigrants to the U.S. – the Far East is the new Southwest.
Lawmakers Slam Proposal To Use Medicare Money To Help Americans Who Lose Jobs Due To Free Trade Agreements
Six Baltimore police officers indicted in death of Freddie Gray
Monthly Cash Crunch Time In The Hand-To-Mouth Economy
Chart Of The Day: The Relentless 65-Year Decline In The Labor Force Participation Of Men
Aircraft carrier $370 million over cost cap by Pentagon estimate
Senior DHS Official Charged With Assaulting Juvenile Remains in Key Position
Commuting In America's 30 Biggest Cities: US Workers Still Dependent On Cars To Get To Work

## The Clintons ##
Hillary Clinton Aides Blocked the Release of Public Records
How UCLA Tried to Negotiate a Lower Speaking Fee, but Hillary Clinton Refused and Demanded $300,000
Clinton's Benghazi emails show correspondence with adviser
Clinton campaign to hold first major event June 13
Poof! CNN's Jake Tapper disappears from Clinton Foundation website: Column


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