Tuesday, September 30, 2014

 

News Links, September 30-October 1, 2014

## Global Ponzi meltdown/House of Cards ##
Spain Manufacturers Warn of Another Slowdown; Consumption Recovery Ends, Retail Sales Contract, Price Deflation Sets In
Euro Pols Peddling Greece Is Fixed Scam: Never Mind Debt At Peak 175% Of GDP And Unemployment Still 27%
If everyone in the world lived like an American, we would need 3.9 planets
German Unemployment Unexpectedly Rises as Risks Increase
Lloyds fires staff and axes bonuses for Libor rigging
Reader Question on a Credit-Based Society: Can Interest Ever Be Repaid?
Affordable Global Housing Will Cost $11 Trillion

## Airline Death Spiral ##
Airlines in the US fly slower and even cut water on board to save fuel
Saving programme is just one example of how higher oil prices over the last decade have transformed transportation, and led to demand destruction
Lufthansa blighted by strikes
Ukraine Int'l Airlines in plea for $100mn in state-funding
Air India to withdraw performance pay
Employees of Air India are likely to undergo another round of pay cuts, after their salaries were trimmed by 25% in July 2012.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey and Israel Are Directly Supporting ISIS and Al Qaeda Terrorists In Syria
Turkey sends tanks to border as Islamic State closes on Kurdish city
Pentagon Deploys 3rd Adviser Division To Iraq
Obama: Syria Has Become 'Ground Zero for Jihadists'
US Loosens Standards on Killing Civilians
Neocons' Noses Into the Syrian Tent
The neocons say the next step in President Obama's bombing raids inside Syria must be to move from attacking the terrorist Islamic State to destroying Syria's air force and air defenses, all the better to achieve the neocons' long-sought "regime change."
Wave of attacks in Shi'ite parts of Baghdad kill 35
3,790 Killed Across Iraq in September
Philippines, U.S. begin military exercises near disputed seas
Canadian fighter jets intercept Russian military aircraft in Baltics
Russia Activates Air Defense Missile System "To Guard Its Southern Frontiers"
UAE seeks 4,500-plus MRAPs
A Foreign Military Sales deal for more than 4,500 armored vehicles -- plus spare parts and logistics -- is being sought from the United States by the United Arab Emirates.
What is the Pentagon's secret space drone doing?
9,800 U.S. troops to stay in Afghanistan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tens of thousands join Hong Kong protests, roiling financial markets
Hong Kong protesters stockpile supplies, prepare for long haul
Hong Kong's young – fed up with high rents, few jobs – drive protests
Catalan Leader Calls Independence Referendum, Defying Madrid
Ferguson PD arrests 8 protesters, hunts for cop shooter

## Energy/resources ##
Analysts Say India's Coal Imports Are About to Explode
Beleaguered crude ends grim quarter with worst drop in 2 years
The Oil Head-Fake: The Illusion that Lower Oil Prices Are Positive
The essence of the Oil Head-Fake Dynamic is the inevitable drop in oil price due to global recession will trigger disruption of the global oil supply chain.
Solar May Become Largest Global Power Source by 2050
That's entirely possible, but in a way that advocates do not anticipate. -- RF
China and Russia in New Strategic Energy Deals
Shale drilling bust: Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining. The probe comes after the company, Japan's fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S.
Huge investments needed offshore Britain
British offshore oil and natural gas reserves will stop providing a return on investments if costs continue to rise, an industry report said Tuesday. Oil and Gas U.K., the British industry body, published its annual report Tuesday showing there may be as much as 24 billion barrels of oil equivalent left offshore, but it may require more than $1.6 trillion in investments to exploit.
Singapore's SMEs Brace for Challenges in Oilfield Services Sector
Small medium enterprises (SME) offering oilfield services in Singapore are experiencing intense competition. The scramble for such contracts has become more intense as large petroleum firms have been pressured by shareholders to rein in capital expenditure (capex) for exploration and production (E&P).
Another Australian Coal Mine Is Going To Be Shut
European Coal Has 10th Quarterly Decline as Power Demand Wanes
The World's 10 Biggest Energy Gluttons
Senegal looks to desalination to prevent new water shortages
Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Johannesburg to Face Water Rationing Amid Shortage, Citizen Says

## Infrastructure scavenging ##
Rome police seek information on missing manhole covers

## Got food? ##
USDA To Dedicate $52 Million To Organic, Local Food Initiatives
Plowing Bedrock: How bad is soil erosion in US cropland?
California harvest much smaller than normal across crops
No US 'chlorine chicken' in Europe, EU's health nominee says
'Ugly' fruit and vegetables prove a hit in France
Industrial products made in factories all look exactly the same, but the application of the industrial mindset to food has resulted in the waste of perfectly edible and nutritious food because something is misshapen, bruised, has a blemish, or an insect took a bite out of it. It's shocking to see a dump site where farmers dispose of produce that didn't satisfy industrial standards. -- RF

## Environment/health ##
Study Finds Treated Fracking Wastewater Still Too Toxic
Bats lured to deaths at wind farms 'because they think turbines are trees'
Drought hits Lake Tahoe, drying up Truckee River
How Monsanto is Turning an Island Paradise Into a GMO Wasteland
Earth lost 50% of its wildlife in the past 40 years, says WWF
The number of wild animals on Earth has halved in the past 40 years, according to a new analysis. Creatures across land, rivers and the seas are being decimated as humans kill them for food in unsustainable numbers, while polluting or destroying their habitats, the research by scientists at WWF and the Zoological Society of London found.
Dallas hospital isolates possible Ebola patient
Afraid of EV-D68? Another Deadly Virus Is Actually Killing Kids in U.S.
El Salvador says nearly 30,000 infected with mosquito-borne chikungunya
Mosquito Virus That Walloped Caribbean Spreads in U.S.
CDC: Ebola outbreak in Nigeria and Senegal may be over
By the numbers: 1.4 million cases of Ebola forecast by January
First confirmed case of Ebola confirmed in the United States: CDC
Striking NASA images: Fourth-largest lake nearly dried up
California becomes first state to ban plastic bags
Next 'Moon Shot': U.S. Scientists Target Human Brain for Exploration
Drug, medical device companies paid billions to U.S. physicians, hospitals in 2013: data

## Intelligence/propaganda/security/internet/cyberwar ##
Facebook Opens User Data to Marketers to Serve Ads on Sites Across Web
Obama's Khorasan Lie: Worse Than Bush's WMDs
Voice Hackers Will Soon Be Talking Their Way Into Your Technology
Reddit Raises $50 Million, Wants To Give 10 Percent To Redditors Through Cryptocurrency Plan
Wisc. reporter told 'not to speak to crowd' at Michelle Obama event
Thai tourism minister wants wristbands for tourists, party curfews
Social network Ello getting thousands of requests per hour
Ello is dubbed the "anti-Facebook" because of a pledge to carry no advertisers and not sell user data.

## Systemic breakdown/collapse/unsustainability ##
A Spaceship called Eschatology
Toyota to recall 690,000 Tacoma vehicles in U.S. to fix suspension

## Japan ##
Volcanoes May Be Next Obstacle for Japan's Atomic Power Industry
Japan vows to push ahead with reactor restarts after volcanic eruption highlights risks
Water treatment facility at Fukushima plant suspended again
Radioactive contamination lingering in lakes, marshes
Tokai nuclear fuel processor to close due to cost of meeting new standards
The Japan Atomic Energy Agency has announced that it will shut down a spent nuclear fuel processor in Tokai, Ibaraki Prefecture, as the cost to prepare the facility for new regulation standards established after the Fukushima nuclear plant crisis is predicted to top 100 billion yen.
Sumitomo Corp shares slide after profit forecast slashed on shale project
Billionaire Mikitani's Tokyo House Goes Up Amid Luxury Boom
The Other Regime Change: How Hillary & Co. Smacked Washington's Japanese Vassal Into Line
Japan's Anemic Production Data: Economists React
Tax hike impact keeps depressing Japan's household spending in Aug.
Japan's industrial output falls 1.5% in August
Another type of dengue virus found in Japan

## China ##
China's slowing down fast. Here are the countries that will be hit hardest—and those that will be celebrating
China gold demand surging again
Why Is China Hoarding Gold? Alan Greenspan Explains

## UK ##
Oil industry 'needs to cut costs even if it means job losses'
Industry body Oil and Gas UK's annual economic report said operating costs were 60% higher than three years ago while oil prices were falling.
Theresa May plans new powers to ban extremists from TV appearances
George Osborne targets benefits and tax credits in new squeeze on working poor
The UK's Conservative Party Declares War on YouTube, Twitter, Free Speech and Common Sense
Wylfa nuclear plant given extension

## US ##
Income Inequality 2014: Ahead Of Midterm Elections, Harvard Study Says Americans Grossly Underestimate Inequality
When income growth hits a brick wall
From 1949 to 1979 over 60 percent of all income growth went to the bottom 90 percent. After that, things changed for the middle class.
School spending by affluent is widening wealth gap
Average Americans Grow Poorer as U.S. Per Capita Wealth Reaches New High
Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs
The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh
Will Senators Rand Paul and Elizabeth Warren Unite to Finally "Audit the Fed"?
ATM fees keep climbing, survey says
U.S. Mint's Eagle gold coin sales in Sept rise to highest since Jan
Wage Theft Costing Low-Income Workers Billions
Americans toiling away in low-wage jobs already struggle to earn a living, and a new report says these meager paychecks are winnowed down by wage theft with alarming regularity.
St. Bernard Sheriff hopes residents embrace ProjectNola
Residents purchase cameras themselves and pay a monthly fee to be part of a police surveillance system. Hmmm... -- RF
Pittsburgh cops Tased man while he was praying for his dead son in ER: lawsuit
California's Drilling Frenzy Has Nothing to Do With Oil (video)
82 percent of California is experiencing extreme drought and farmers in California's Central Valley are looking for water elsewhere- underground. Well drilling for groundwater in the state has doubled and even tripled in some counties.
Prospect of No Water Looms in Over a Dozen California Towns
Home-By-Home Water Rationing May Be Spreading If California's Drought Worsens
Residential Mortgage Growth Is Almost Back To Zero! (Worst Loan Growth Since Before 1960)
Incredibly, subprime loans are driving the US economy—again
Who will inherit your debt when you die?
Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones. However, many baby boomers who have seen their net worth dip below zero in recent years will instead leave a very different kind of legacy: debt.
Nearly half of American jobs risk being automated: How to fight back
The U.S. Government Is Borrowing About 8 Trillion Dollars A Year
Dominion finds damaged fuel rods at Virginia nuclear plant
"Come Hell or High Water" Promise Morphs Into "Infinity and Beyond"
Oil, Rail Industries Want 7 Years To Fix Tank Cars
California governor signs gun-seizure law


Sunday, September 28, 2014

 

News Links, September 28-29, 2014

## Global Ponzi meltdown/House of Cards ##
Not Even a Dead-Cat Bounce: Russia Sanctions, Whiff of Reality Sink 'Economic Expectations' in Germany
Drugs and sex trade lift Spain's GDP by €9 billion
Rich get richer: Assets of largest hedge funds soar
New freeport where all prized assets (bar human hair) can be stashed
The man running Luxembourg's freeport wants the mega-rich to trade and appreciate their art at this new £50 million facility
SEC alleges $129M pyramid scheme in China, US
U.S. regulators have charged two companies and three individuals with operating a pyramid scheme that made some $129 million from preying on investors in China, Taiwan and the U.S.
What a laugh. They will arrest these small-potatoes operators, while governments and banks continue to perpetrate the biggest pyramid scheme of all: the exponential growth economy. Yet no one will be arrested for that. -- RF
Austria targets 5 bln euros in tax relief to boost growth
Mind The Margin Accounts: Investor Net Worth Plunging At Record Pace
Hong Kong protests deepen retail gloom as China visitors stay away
German Bullion Dealers Report Major Increase in Sales

## Airline Death Spiral ##
Loss-making Air India may cut flights to Australia from 7 to 5 per week
Low-cost airlines struggling to gain altitude in battle for Asian skies
Thai Airways International pax down 17% with 75% load factor in Aug-2014, cargo down 20%
Air France pilots end strike after 14 days without deal
Low-cost? Low chance for Air France and Lufthansa
5 years of declining passengers number sap airport revenues
After sabotage, air travel system slowly recovers
Chicago airports still seeing cancelations
10 most irritating things airline passengers do

## Fault lines/flashpoints/powder kegs/military/war drums ##
Rebel-held towns in Syria protest U.S. bombing of al Qaida affiliate
Thousands of demonstrators took to the streets of rebel-held towns in northern Syria Friday to protest U.S.-led airstrikes against the Islamic State and supporting creation of an Islamic caliphate.
Islamic State Crisis: Kurdish Forces Clash With ISIS Militants In Kobane, Near Turkey-Syria Border
Anti-ISIS Airstrikes In Iraq: UK Deploys First Jets Over Iraq From RAF Akrotiri
Obama's Amateur Hour: No Boots, No Turks, No Help From The Real Anti-ISIS Coalition—-Assad, Hezbollah, Iran And Russia
Iran threatens to attack Islamic State "deep into Iraqi territory"
Turkey Switches Rhetoric On Fight Against ISIS, Calls For No-Fly Zone
Pentagon: US Considers 'No-Fly' Zone Against Assad in Syria
ISIL fight already near $1 billion as strategy shifts
The Khorasan Group: Anatomy of a Fake Terror Threat to Justify Bombing Syria
Could The Taliban Retake Control Of Afghanistan?
Abbas at UN: World Must Hold Israel to Account for "War of Genocide"
Iran-6 power talks turn into mostly Iran-US show
Catalonia challenges Spain with independence vote
Houthi rebels attack Yemen security chief's home
Rocket fired at US embassy in Yemen
Russia at U.N. accuses U.S., allies of bossing world around
France's Far-Right Grabs First Ever Senate Seats

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong Police Used Pepper Spray On Students Who Stormed Government Headquarters
Hong Kong activists start 'Occupy Central' protest
Hong Kong resorts to tear gas to break up protesters
Ferguson Police Officer Shot: Cop Injured, Not Killed, After Gunfire Saturday Night
California protesters block Israeli-owned ship
Roughly 8,000 fill Nebraska farm for anti-pipeline concert with Willie Nelson, Neil Young

## Energy/resources ##
Electricity in Africa: Lighting a dark continent
Rolling power cuts affect Zimbabwean capital
Caspian states fight over oil and gas riches
Water shortage deepens in central and northern Chile
Will They Fly? Wind-Power Alternatives Buffeted by Technical Squalls

## Got food? ##
Supermarkets Waste Tons Of Food As They Woo Shoppers
Supermarkets and restaurants serve up more than 400 million pounds of food each year, but nearly a third of it never makes it to a stomach.
Going bare: Food bank's donation shortfall leaves shelves empty
UAE endorses joint Arab strategic food reserve
Mystery of Runaway Biotech Wheat Called Unsolvable as New Incident is Reported

## Lifestyle Solutions ##
Barter for Anything and Everything: Are You Brave Enough?

## Environment/health ##
New mosquito-borne virus spreads in Latin America
Sand: Evidence Mounts of Hidden Fracking Hazards
Ebola clinics fill up as Liberia awaits aid

## Intelligence/propaganda/security/internet/cyberwar ##
Up to 750K Customers' Data Leaked at Japan Airlines
Fear! Al Qaeda Group Khorasan Was 'In The Execution Stage Of A Plot' On US, Says Attorney General Holder
Khorasan: Syrian Factions Never Heard of It
Will the Internet of Things Be Another Surveillance Nightmare?
The Internet of Things—the coming revolution in household appliance integration with the Internet—could well be a nightmare of privacy violation and data harvesting
Phoning 'home': what your mobile may be giving away

## Systemic breakdown/collapse/unsustainability ##
Water-main break floods Hollywood's Sunset Strip
The break occurred in a 36-inch steel, riveted pipe that was constructed in 1916. The pipe was coated with cement in 1957 to prolong its life, Los Angeles Department of Water and Power spokesman Joe Ramallo said.
FBI Director Comey Gives Apple and Google a Tongue-Lashing

## Japan ##
Sony's Losses Hit Massive $2 Billion On weak Mobile Sales
Japan to revamp feed-in tariff system amid utility capacity shortage
Animals around Fukushima are still suffering
Animals and insects in the vicinity of Fukushima show higher rates of death and disease, according to new research. Scientists attribute these to the consumption of contaminated food.
Japan may finally cash in on the elderly's love of gambling

## China ##
Banks in China to lower mortgage rates to boost property market
Corruption Crackdown Has Paralyzed China's Energy Industry
Hong Kong police barricade streets, block in protesters

## UK ##
Pressure to be 'professional parents' driving middle class mothers to exhaustion – study
Middle class mothers are driving themselves to exhaustion trying to hold down jobs while facing a growing obligation to ensure their children attend extra-curricular activities every day of the week, a new study warns. Fears that it will be harder for the next generations to enjoy the lifestyle of their parents because of unaffordable property prices and the fact that a degree no longer guarantees a job are driving parents to ever more desperate measure to ensure they get ahead, it concludes.
Thousand more wind farms than UK needs
At least 1,000 more onshore wind turbines will be built than are needed under the Government's own green energy targets, official estimates disclose.
British firm Ineos accused of 'bribes and bulldozers' approach to fracking

## US ##
Primed for work but out of a job
1 out of 4 Americans 25-54 not working and the continued expansion of those not in the labor force.
Why Hospitals Want Patients to Pay Upfront
Elizabeth Warren is calling for an investigation of the Federal Reserve
Fla. trucking companies facing roadblocks
Florida may bear the brunt of a trucking crisis.  Trucking companies are facing major road blocks from stricter government regulations, high fuel prices and a shortage of drivers. 
US Justice Department Tells Ferguson Police To Stop Wearing 'I Am Darren Wilson' Bands
Police: Ferguson officer shot; 2 suspects wanted
The Plunge Protection Team Is Opening An HFT-Focused Chicago Office


Friday, September 26, 2014

 

News Links, September 27, 2014

## Global Ponzi meltdown/House of Cards ##
Fearing political crisis, Greece plots escape from bailout
Peak Debt—-Why The Keynesian Money Printers Are Done
The Status Quo Playbook Beyond 2014: Corporate Regulations, Professional Politicians and the Strip Mining of Sovereign Assets
BofA Merrill Lynch: the Four "Canaries in the Coalmine" Died
What the Global Status Quo Optimizes: Protecting Elites and the Clerisy Class That Serves Them
"Slimlandia," The Land of Mexican Oligarchs
Standard & Poor's Warns on Germany as Anti-Euro Political Party Soars in Popularity
US, China, Europe nearing 'Minsky moment': Economist
The world's three economic superpowers - the U.S., China and Europe - are heading for a major collapse in asset values because their economic models favor consumption instead of productivity, one economist has warned.
Speculation Heats Up for Sears Canada Bankruptcy

## Airline Death Spiral ##
Monarch airline: from prince to pauper
Flights Grounded After Fire at Chicago FAA Facility
Hundreds of flights into and out of Chicago were canceled Friday, and airports across the country braced for gridlock after a fire authorities believe was intentionally set blazed through the basement of a Federal Aviation Administration control center outside the city.
Constant phone calls allowed on European flights
PEOPLExpress Airlines grounded after just 3 months in business
Boeing Loses $5 Billion in Orders
Boeing 787 in trouble again after emergency Polish Airlines diversion

## Fault lines/flashpoints/powder kegs/military/war drums ##
CIA-vetted Syrian rebels battling Islamic State say airstrikes haven't helped
U.S.-led strikes pressure al Qaeda's Syria group to join with Islamic State
Shells land in Turkey as Islamic State advances on Syrian border town
Obama's Coalition At Work In Syria—-Like A Circular Firing Squad
First U.S. Stealth Jet Attack on Syria Cost More Than Indian Mission to Mars
Taliban Seizes Key District South of Kabul, 100 Killed
Japans SDF holds joint drill with NATO forces

## Global unrest/mob rule/angry people/torches and pitchforks ##
Explosions, Clashes In China's Xinjiang Region Kill At Least 50 People, State Media Says
At least 50 people, including 40 "rioters", were killed in explosions in China's northwestern region of Xinjiang Sunday. China's state media initially reported that only two people were killed, until revised casualty figures were issued Thursday by Xinhua, a state-run news agency, Thursday. 
Hong Kong school children join student protest demanding democracy
Police, protesters clash at rally in Ferguson, Missouri: CNN, KMOV

## Energy/resources ##
EU, Russia positive on chance of winter gas deal with Ukraine
Hungary to import more gas from Gazprom, says PM Orban
Cost the great unknown in South Africa's nuclear drive
Russia Moves To Take Control Of Oil Firm From Billionaire
Filipino-UK Firm To Drill For Gas In Disputed Sea

## Got food? ##
Aid, rain save South Sudan from famine, 2015 outlook grim: WFP
USDA: Genetically modified wheat found in Montana
Nearly 40,000 Pounds Of Foster Farms Chicken Recalled Due To Listeria Contamination

## Environment/health ##
Ebola: Sierra Leone Puts A Million People Under Quarantine As Situation Deteriorates
Ebola Outbreak: Death Toll Surpasses 3,000
Three 9/11 firefighters die of cancer in one day
More than 2,500 New York police, firefighters, ambulance and sanitation workers now have the disease
Up to half of antibiotics 'fail due to superbugs' study finds
Vast majority of oncologists admit to burnout

## Intelligence/propaganda/security/internet/cyberwar ##
Hackers exploit 'Shellshock' bug with worms in early attacks
FBI Director Equates Protecting Personal Privacy with Lawlessness
FBI Director James Comey has responded to recent moves by tech giants Apple and Google to offer better encryption services on their handheld devices by suggesting that giving people the ability to protect their private communications from state law enforcement agencies is akin to lawlessness.
How Former Treasury Officials and the UAE Are Manipulating American Journalists
Obama's Propagandistic UN Address
Home Depot Hack Is Letting Criminals Drain Money From People's Bank Accounts
75 Million Records Breached to Date in 2014

## Systemic breakdown/collapse/unsustainability ##
Ford to Recall About 850K Cars for Airbag Glitch

## Japan ##
Fukushima, Japan Rocked By Two Earthquakes in One Hour; Epicenter Near Nuclear Plants
Survey shows regular employees face long hours, non-regular workers get low wages
Japanese consumer prices lose steam, widening gap with target

## China ##
China state media say 50 killed in far west attack

## UK ##
Scots lost out in UK oil and gas endgame
Shrinking UK Military Gets Approval To Hit ISIS In Iraq, But Its Contribution May Be Limited
Vauxhall issues warning over steering problems for around 3,000 models

## US ##
Managing a Nightmare: How the CIA Watched Over the Destruction of Gary Webb
The CIA/MSM Contra-Cocaine Cover-up
Secret Goldman Sachs Tapes Reveal Culture Of Corruption At Federal Reserve
Deceleration in the Money Supply Increasing the Risk of an Economic Bust
Public Pensions in a $2 Trillion Hole, Moody's Says
The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said. In a report released Thursday, Moody's measured the unfunded liabilities for the 25 biggest public retirement systems between 2004 and 2012. The total future shortfall is more than half the size of the $3.7 trillion municipal bond market, which comprises all the outstanding debt issued by U.S. states and cities.
Repo man can now stop you from starting your car
University of Chicago pulls out of Confucius Institute
Broken Dreams: Amidst Economic Insecurity, Americans Can't Get Ahead
US Military Program To Allow Some Young Undocumented Immigrants To Serve
Chase Bank 'De-Risks' a Porn Star's Bank Account and What It Means for Your Account
The Escape Velocity Delusion: Running Out Of "Next Year"
Miracle of the Loaves, Fishes and New Home Sales
Larry Summers says tax system can't last
Facing tough budget picture, West Virginia to let companies frack under Ohio River for cash


Thursday, September 25, 2014

 

News Links, September 25-26, 2014

## Global Ponzi meltdown/House of Cards ##
ECB To Keep Loose Policy 'For Long Time:' Draghi
Standard & Poor's Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts
Eurozone Composite Signals Slowdown; French Private Sector Output Decline 5th Month; German Manufacturing Approaches Stagnation
Blowback: Putin leaves Germany's factories in a worse state than anyone imagined
Canada Warns Its Citizens Not To Take Cash To The USA
Draft Law Allows Russia to Seize Foreign Assets in Response to Sanctions
Russia Asset Freeze Threat Sends European, US Stocks Reeling
Moscow's 'Mr. Yuan' Builds China Link as Putin Tilts East
Russian pipemakers find silver lining in standoff with West
U.S. Skyscraper Values Soar as Tech Boom Lifts Rents
Boehringer to Cut 500 to 600 German Jobs by 2016
1,700 jobs cut as Phones 4U closes 362 stores (UK)
BHP Billiton and Mitsubishi to cut 700 jobs at coal mines (Australia)
5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
In push for top spot, Volkswagen hits labor, robot problems
Vietnam Growth Worst Since 1980s Opening as Credit Crunch Hits
Why Are The Ultra-Rich Rushing To Buy Gold
Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year?  If stocks are just going to keep soaring, why are they doing this?
India's Richest 100 People Are All Billionaires Now
"Bales Of Cash On The Sidelines": The Average Billionaire Has A Record $600 Million In Cash
With 50 Tonnes Of Gold Smuggled In 10 Days, India's Physical Gold Premiums Set To Double
Venezuela's Gold Appears To Be Still In Venezuela But For How Long?
Five hours, no deal between Japan, US on TPP

## Airline Death Spiral ##
Baggage fees keep Hawaiian Air aloft
Air France withdraws low-cost Europe airline plan
Deer are pests for airports, threats to pilots
Will More Seats Help the Airbus A380 Pay Back Its Development Cost?
Lufthansa pilots threaten strike as talks fail again
Japan probe comes up empty on Dreamliner battery problems

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey 'Considering' Military Action Against Islamic State Group, Erdoğan Says
U.S. Army preparing to deploy division headquarters to Iraq
U.S. told Iran of intent to strike Islamic State in Syria - source
The United States informed Iran in advance of its intention to strike Islamic State militants in Syria and assured Tehran that it would not target the forces of Syrian President Bashar al-Assad, a senior Iranian official told Reuters.
Dutch To Join Anti-ISIS Airstrikes In Iraq, Will Send Fighter Jets And Military Personnel
U.S. Airstrikes In Syria Against ISIS May Cost As Much As $10 Billion
Islamist fighters advance in Syria despite U.S. strikes
ISIS Overruns Iraqi Army Base Near Baghdad, Executes 300 Soldiers
Khorasan targeted in Syria due to new undetectable bomb
Khorasan: New credible threat! Be very afraid! -- RF
Syria Becomes the 7th Predominantly Muslim Country Bombed by 2009 Nobel Peace Laureate
Welcome To Barack Obama's Syrian Gong Show
US Strategy In Syria: Kerry Pledges $40 Million In Aid For Syrian Moderate Rebels
A Look Inside The Secret Deal With Saudi Arabia That Unleashed The Syrian Bombing
Japan, Australia leaders agree to speed up work on defense cooperation pact
Warplane attacks Libya's Benghazi port after threats by ex-general
South China Sea Piracy
Hijackers Increase Attacks on Bulk Tankers in Asian Waters
Oil and shipping giants offer $1.5M to counter Somali pirates
Courting Vietnam, US prepares to ease arms embargo
Obamacare Architect Says Society Would Be Better Off If People Only Lived To Age 75
Long-time readers will no doubt recall the statement by Japan's Finance Minister Aso in January 2013 that old people should be allowed to "hurry up and die." -- RF
A Nation Dividing: Mapping The World's Significant Separatist Movements
PLA sub's Sri Lanka visit shows China power projection in Indian Ocean
Vietnam welcomes efforts by U.S. to end its weapons embargo
Poroshenko to meet Putin on Ukraine's future
Yemen's 'unpredictable security situation' prompts U.S. embassy to reduce staffing
Top China Arms Maker Goes Global With Cheaper Tanks

## Global unrest/mob rule/angry people/torches and pitchforks ##
Rich and poor alike are worried about income gap
Denver area students walk out of school in protest

## Energy/resources ##
Iron ore could drop another $10
Saudi Arabia using more crude oil than ever
Country losing race on renewables as demand accelerates.
EU plans for Iran gas imports if sanctions go
Brazil's Biggest City Is Running Dry
UAE looks to other nations for nuclear waste disposal options
Denmark's Maersk Drilling CEO Sees Slow Deepwater Rig Market In 2014, 2015
EDL: Lebanon at risk of total blackout
Stockpiling Coal For Winter Proves Problematic For Power Plants (US)
Tamil Nadu announces 20% power cut for industrial & commercial users
Freshwater shortage looming as next world crisis
Peak Oil: Are We In The Eye Of The Storm?
Risk service contract: This Is Only The 3rd Oil Project Of Its Kind, Ever
Venezuela suffers another blackout
Iran ready for European gas role
No More Foreplay: Russia Threatens European Gas Supply Disruptions
Why Oil Prices Are Dropping Despite Mideast Unrest
Statoil Calls Off 40,000-Bpd Canadian Oil Sand Development
Norwegian energy firm Statoil said on Thursday it will postpone development of its 40,000 barrel per day Corner oil sands project in Alberta, Canada, for at least three years and cut about 70 jobs at its Canadian unit because of rising costs and limited pipeline space.
Mexican Cartels Steal Billions From Oil Industry

## Infrastructure scavenging ##
Thousands of phone and Internet lines are down in Billingham after thieves cut through nine BT network cables

## Got food? ##
Scientists Step Up Food Fraud Efforts Following Horse Meat Scandal
Food stamp cuts coming in Michigan, 1 of 4 states not taking action to avoid them
Illinois residents are applying for food stamps at double the rate of jobs
UN: only small farmers and agroecology can feed the world

## Environment/health ##
Sierra Leone quarantines 2 million to fight Ebola
Inside an Ebola Protective Suit That Feels 115 Degrees
The Pure Hell At The Heart Of The Ebola Pandemic In Africa Could Soon Be Coming To America
U.S. hospitals unprepared to handle Ebola waste
U.S. hospitals may be unprepared to safely dispose of the infectious waste generated by any Ebola virus disease patient to arrive unannounced in the country, potentially putting the wider community at risk, biosafety experts said.
Sorry, Kids, You Might Never See These 10 American Species
Treating fracking wastewater results in new unsafe compounds
Researchers with the American Chemical Society found that even extremely diluted wastewater can still produce toxic byproducts when treated.
Obamacare Website Costs Exceed $2 Billion, Study Finds
Perfect Storm Gathering off America's West Coast
Exercise detoxes body of depressive chemicals, scientists find

## Intelligence/propaganda/security/internet/cyberwar ##
Unhappy Workers Hacking Employers on the Rise, FBI Says
Employees with an ax to grind are increasingly using Internet cloud services and other computer tools to hack their current or former companies, the Federal Bureau of Investigation and Homeland Security Department said.
A Decoy Computer Was Set Up Online. See Which Countries Attacked It the Most
After Home Depot hack, reports of fraudulent activity on credit and debit cards
Facebook to unveil new ad platform to track users across multiple devices
Facebook Wi-Fi Drone the Size of 747 Could Fly in 2015
U.S. Propaganda Enters Into Insane, Irrational Overdrive in Attempt to "Sell" War in Syria
Apple Still Has Plenty of Your Data for the Feds
Apple's new iOS will predict what you type—including, it seems, your passwords
FBI Plans Rapid DNA Dragnets
The FBI is preparing to accelerate the collection of DNA profiles for the government's massive new biometric identification database.
A Police Dog for the Digital Age: She Can Smell the USB Drive You're Hiding
Proposed Terror Law Would Allow Australia's Entire Internet To Be Monitored With Just One Warrant
Australian Senate Kills Civil Liberties with Draconian New Anti-Terror Law in Orwellian Orgy of Baseless Fear-Mongering
Fear! Terrorist Attack On NYC, Paris Subways: ISIS Allegedly Plots Attacks On U.S., French Soil, Iraq PM Says
US has 'no evidence' of Islamic State plot against subways
Government officials said they have no evidence to support an earlier Iraqi claim that Islamic State forces were plotting to attack subway systems in the U.S.
Hack attacks on hospitals jump 600% this year: CEO
This is how the "Shell Shock" bug imperils the whole internet
Edward Snowden Awarded 'Alternative Nobel' for Revealing Vast Surveillance

## Systemic breakdown/collapse/unsustainability ##
Must read: The Oiliness of Everything: Invisible Oil and Energy Payback Time.
Following the manufacture of a simple pencil illustrates the crisis facing industrial civilization. -- RF
Germany's Ailing Infrastructure: A Nation Slowly Crumbles
Germany has long had a reputation for excellent infrastructure. But in recent years, both public and private investment has dwindled dramatically, and officials are increasingly concerned about how to solve the problem. They have good reason to be worried.
Report: Pennsylvania gas lines leaking
Billions of dollars are needed to update the vast network of natural gas pipelines, some at least 90 years old, beneath Pennsylvania, a newspaper report found.
Aging natural gaslines pose hidden threat across U.S.
Second U.S. newspaper probes aging gas pipelines
A Short History Of The American Empire And Why It Is Failing, Part II
World risks spending $250 billion just to monitor U.N. development goals
Chrysler recalls 350,000 vehicles on ignition switch issues

## Japan ##
Global Bellwether: Japan's Social Depression
Beneath the surface wealth of bullet trains, cute robots and exuberant fashions, this is the Japan few outsiders understand: the one gripped by a deepening social depression.
Bank of Japan emerging as big Japanese stock buyer
Is Japan on the Road to Default?
Kyushu Electric shuts off renewable suppliers from grid
Kyushu Electric Power Co said on Thursday it would cut access to its grid for renewable energy suppliers, the third of Japan's 10 regional monopolies to place limits on their cleaner energy intake because of network limitations.
20% of college dropouts cite financial difficulties as reason
New right-wing Sunrise Party aims to 'rebuild Japan's pride'
All insolvent idol group "The Margarines" to debut, total debt of all members: 127 million yen

## China ##
China "Faked, Forged" Documents For Exports And Imports: At Least $10 Billion In Fake Trade Exposed
Drought worsens China's long-term water crisis
China to post sub-7% growth soon: Goldman
Investors Stage Shadow Bank Protest in Beijing
Angry investors are showing up in Beijing this week to demonstrate their fury over a 1.3 billion yuan ($210 million) trust product that has so far failed to pay them.
China takes on more oil despite economic slowdown
Gold Rush Is On In China (to replace USD with a gold-backed Renminbi?)

## UK ##
Cameron holds historic talks with Iranian president
Street light switch-off in bid to cut costs
English farming leader calls for increased food production
'Bare bones' RAF will struggle to mount Iraq operation
Air Chief Marshall Sir Michael Graydon says the RAF is at "rock bottom" after years of cuts and sustaining air strikes against Isil would be "quite a stretch"

## US ##
Seattle imposes fine for too many food scraps in the garbage
GM spins off Cadillac, moves headquarters to New York City
Wildfire 'larger than Las Vegas' rages in California
US Postal Service Wants To Expand Amazon Grocery Deliveries
Walmart introduces checking account service
FBI: Mass shootings in the U.S. have nearly tripled annually since 2006
Middle-class squeeze: From day care to health care
The American Middle Class Hasn't Gotten A Raise In 15 Years
The New Normal for the American Dream
3 Cornerstones: Low wage jobs, high levels of college debt, and a retirement that consists of working until you pass away.
Huntsville schools say call from NSA led to monitoring students online
A secret program to monitor students' online activities began quietly in Huntsville schools, following a phone call from the NSA, school officials say.
"Ownership society": Turning the nation into permanent renters
Stagnant household incomes and growing renter class strikes at core of home ownership.
Challenges Of Shale-Driven Boom - Will It Last For Long?
Trucking: Driver Shortage Pushing Industry Costs Higher
'Active shooter' incidents on the rise
Listen to the Slowing US Economy, Hear Echoes of Japan
More police departments adopt predictive policing
US durable goods fell 18.2 percent in August
Prices at the pump head below $3 in much of US
America is roaring toward record auto sales
Keep that debt bubble inflated! -- RF
Largest Public Pensions Face $2 Trillion Hole, Moody's Says

And finally...
Worried about paranormal activity? Call the Ghostbusters, council says (UK)
Snopes: Three-breasted woman a hoax
Japanese book teaches cooking with condoms


Tuesday, September 23, 2014

 

News Links, September 23-24, 2014

## Global Ponzi meltdown/House of Cards ##
Miracle Not Enough to Save Italy; Disruptive Eurozone Breakup Awaits
The solution to Italy's woes is quite simple – leave the euro
Euro zone business activity hits 9-month low
They Do Ring A Bell At The Top: Alibaba Proves Wall Street Is Off Its Rocker
What it shows is that Wall Street is well and truly off it rocker. The Chinese swindlers behind BABA didn't even have to tap their home market. These preposterously over-valued shares were sold overwhelmingly to Wall Street—-to the gamblers, speculators and robo-traders that have occupied what was once a reasonably honest capital market.
Ukraine Introduces Capital Controls
The iron ore industry is headed for a brutal shakeout as prices collapse
Canada is creating about half the number of jobs it should be, says Bank of Canada's senior deputy
Fitch Warns: When the Dollar's 'Pre-Eminent Reserve Currency Status' Erodes…
The Counter-Intuitive Rise of the U.S. Dollar
As things get dicier globally, assets in periphery nations typically get dumped as mobile capital flees risk and migrates to lower risk core nations and currencies.
Deyaar unveils $952m 'Midtown' mega project in Dubai
The 5.5 million sq feet masterplan comprises two hotels on the northern and southern tips, along with 13 separate residential buildings on the east side of the development, and 12 buildings clustered into four groups.
Dubai World debt restructuring deal expected soon
Nothing to see here, folks. Move right along. -- RF
German employers struggle to find apprentices
Billionaires are hoarding piles of cash
Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets.
Spain Mandates Public Companies "Stop the Bleeding" No More Layoffs
Time running out for a TPP deal
The Coming Housing Bust Down Under—-More Potential Wreckage From China's Ponzi
Why Big Business Has Gone Cold on Big Appliances
People worldwide think CEOs should make a tiny fraction of what they do

## Airline Death Spiral ##
Airlines pocket $899.5M in checked-bag fees
Loss-making Air India goes in for an image makeover after entry in Star Alliance
The Air France Strike Costs $25 Million Every Day
Airlines, not travelers, dodge TSA security fees
Aviation services company to cut more than 300 jobs in Houston
Asia-Pacific's demand for pilots more than North America and Europe combined

## Fault lines/flashpoints/powder kegs/military/war drums ##
China and Iran to conduct joint naval exercises in the Persian Gulf
China-Indonesia Territorial Dispute: Chinese South China Sea Occupation Is A "Real Threat"
Turkey Closes Syrian Border Crossing As Hundreds Of Thousands Of Kurds Flee ISIS
Turkey faces refugee crisis as 135,000 Kurds flee Isil
Minds focused by IS, Saudis and Iranians think about making up
David Cameron to meet Iran leader over Isis campaign
U.S. and Arab allies launch airstrikes against ISIL in Syria
U.S. hit 8 bases tied to al Qaida affiliate in Syria, 14 belonging to Islamic State
ISIS Is Run By Former Iraqi Generals … Many Are Members Of Saddam Hussein's Secular Baath Party Who Converted To Radical Islam In American Prisons
Battle for Perpetual War is Won; US Admits Attacks on ISIS Could Last Years; Expect an Accident
Six Weeks in, US Airstrikes Haven't Budged ISIS in Iraq
Russia Holds Massive Military Drill: 155,000 Troops, 4,000 Tanks, 632 Aircraft, 84 Ships
Asia's seas offer rich pickings for marauding pirates who steal oil and supplies worth billions of dollars every year
Triumph of anti-American rebels in Yemen raises questions about Obama success claims
No, Vladimir Putin Wasn't Stalin-In-Judo Robes: Washington's Foreign Policy Fiascoes Multiply
Israel Shoots Down Syrian MiG Fighter Jet Over Golan Heights
Poland, Pakistan, Lebanon seek U.S. military hardware

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong students boycott class to demand greater democracy
Multiple Blasts In China's Xinjiang Region Kill At Least 2 People, Injure Several
Climate March NYC: 'Flood Wall Street' Protest Takes Aim At Corporate New York
'Remember Fukushima': Thousands Rally Against Nuclear Restart in Japan
Six arrested over pro-Palestian protest at Glasgow-based weapons firm
Calling for End to 'Colonial' Rule, Thousands of Hong Kong Students Boycott Classes

## Energy/resources ##
Asian firms to replace Western energy majors if they leave Russia -minister
Donskoi told Reuters that Asian companies had signalled their interest as the United States targeted cooperation with Russia in exploring or producing oil from the Arctic offshore, deep water or shale projects.
Looks like another case of backfiring sanctions. -- RF
Dropping Prices and Supply Glut Sends Oil Into Floating Storage At Sea
It's wrong to interpret this as a surplus of oil. What's actually happening is that oil is less affordable to much of the world's population, leading to demand destruction. -- RF
Total Hunts for Russian Gas Project Financing After Sanctions
Europe wants Russia, Ukraine to sign interim gas deal in Berlin
Total to sell more assets, cuts oil output target
Total (TOTF.PA) will step up asset sales and overhaul exploration after cutting its oil output targets and the French oil company also said it was seeking European funds to deliver a Russian gas project on time despite international sanctions.
S.Africa signs 9.6 GW nuclear power deal with Russia
Iraq relying on oil wealth from Basra
Slovakia sees Russian gas volumes drop
Fighting close to Libyan oilfield and refinery as rival "oil minister" appears
Why fossil fuels may never go away
U.S. energy infrastructure revamp may unlock $6 trillion market: Kerry
He makes it sound so easy. One wonders where the $6 trillion will come from, while noting that it is already impossible to maintain existing physical infrastructure and institutions. -- RF
Water: A Defining Issue for Post-2015

## Got food? ##
Food waste weighing down U.S. food system
Food security is in jeopardy
Are grain farmers losing to oil for rail service?

## Environment/health ##
World Bank Says Ebola's Spread May Have Catastrophic Cost
Ebola could strike 20,000 in six weeks, 'rumble on for years': study
US warns that Ebola could infect 1.4 million
Massive Aid Needed for Ebola Outbreak as Outlook Worsens
ABC's Investigative Team Uncovers Plastic Microbeads in Toothpaste Getting Stuck in Patients' Gums
China Surpasses EU in Per-Capita Pollution for First Time 
Brazil says no to global forest plan
UN: H5N6 Avian Flu Strain 'Particularly Worrisome' As It Sweeps Southeast Asia
Fatal lightning strikes reap heavy toll in developing world

## Intelligence/propaganda/security/internet/cyberwar ##
Australia Set To Overhaul Anti-Terror Laws In Response To ISIS Threat
Afghan President Hamid Karzai Slams U.S. Foreign Policy in Farewell Speech
Anonymous Hacker Group Launches Cyber War Against Islamic State Militants: Reports

## Systemic breakdown/collapse/unsustainability ##
Must read: Low Oil Prices: Sign of a Debt Bubble Collapse, Leading to the End of Oil Supply?
I agree that technological innovation is one of the keys to economic growth. I would just like to add that the leap in high tech and innovation we have experienced has been made possible by the fossil fuel bonanza, primarily oil. In that consideration, the crash of the debt bubble and the much lower availability of fossil fuel energy will change this positive feedback loop into a negative feedback loop, thereby more quickly exacerbating socioeconomic problems and accelerating collapse. Have a nice day! -- RF
Affluence eludes poor crowding into Asian cities
Moving rural people to the cities was supposed to make them better off. Unfortunately, this merely assures that cities will end up with more slums and unrest. -- RF
The world's most murderous cities
A Short History Of The American Empire And Why It Is Failing, Part I
On the Breakdown of Nations
Chrysler recalls 230,760 SUVs globally for fuel pump issue
GDP = Waste
Any system that has no way to measure, much less prioritize, opportunity costs and maximization of utility is not just flawed--it is terribly misguided and structurally destructive.

## Japan ##
Report: Japan Wants Its Own Early-Warning Planes
Japan's electric utilities face cost hit on falling yen
Japanese electricity utilities, already reeling from high fossil fuel bills to replace idled nuclear units after the Fukushima disaster, are being hit further by the falling yen, which is increasing costs that can't be recouped, executives said.
OECD says Japan should raise sales tax again next year
Prime Minister Abe's Keynesian Delusions
Majority of municipalities planning residential decontamination haven't finished work
Fukushima cleanup going painfully slow
TEPCO having trouble with 'ice wall' at Fukushima plant
Demonstrators rally against restarting nuclear plants
August supermarket sales down
Due to bad weather! -- RF

## China ##
China's Economy Slams On The Brakes: 30% Of Coal Miners Unable To Pay Employees On Time
New research suggests China's CO2 output is almost twice U.S.'s
Chinese Court Jails Uighur Scholar For Life For Separatism
DuckDuckGo Search Engine Blocked By Government Authorities
As pessimism grows in Hong Kong, so do fears of potential exodus

## UK ##
Buying gold has never been this easy
The British Royal Mint on Monday launched an online bullion trading service in a bid to attract investors to the precious metal.
Tesco in crisis: City fears £250m profit debacle could be just the start
London transport chief warns city could face riots as transport crisis looms

## US ##
Scam Alert: Hospitals All Over America Are Wildly Inflating Medical Bills
Welcome to the Oligarchy – United States Leads the Developed World in Share of Low Wage Jobs
Burning money: Cost of fighting wildfires robs funds to prevent them
Investors leaving housing high and dry
Is RadioShack in critical condition?
Number Of Homeless School Children On Rise, But Stats May Underestimate True Picture
High Cost of Bad Journalism on Ukraine
By driving a wedge between President Obama and President Putin over Ukraine, America's neocons and the mainstream media can hope for more "shock and awe" in the Mideast, but the U.S. taxpayers are footing the bill, including $1 trillion more on nuclear weapons.
This Is About As Good As Things Are Going To Get For The Middle Class – And It's Not That Good
Kansas Governor to Sign 'Zombie Preparedness Month' Proclamation
How about an ebola apocalypse? -- RF
What Are Corporate Insiders Seeing that Makes them Dump their Shares Like This?
Why we won't have enough money to fight ISIS
Weak Incomes Trump Cheap Debt: Y/Y Existing Homes Sales Down For 10th Straight Month
Police Departments Investigated for Civil Rights Abuses Still Get Free Military Weapons


This page is powered by Blogger. Isn't yours?