Tuesday, July 26, 2016


News Links, July 27, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Deals May Drop $1.6 Trillion If Brexit Talks Lag
Caterpillar Retail Sales Decline For 43 Consecutive Months
Caterpiller Cuts Guidance On "Subdued Global Growth", Blames Brexit And "Turkey Turmoil"
Why this Spike Will Perforate Yield Chasers
The Institute of International Finance opined last week that "the 'low for long' interest rate outlook now looks more like 'low forever' – an outcome that has unleashed a powerful renewed search for yield."
Is the ECB out of Control? How much money could be made to disappear in Italy's bank bailout?
Japan's Exports Decline Again in June, for Ninth Straight Month
WHAT'S GOING ON??? Record Swiss Gold Flow Into The United States
Shocking data: 127K Greek Workers are paid wages of up €100 per month
First Italy, Now Portuguese Banks "Unexpectedly" Need A Taxpayer Bailout
Why Real Reform Is Impossible: We Can't Believe the Mighty Titanic Could Actually Sink
Unfortunately for those partying on the upper First Class decks, they are as doomed as the steerage passengers when the ship goes down.
UN Agency: Economy Still Sliding in Latin America, Caribbean
Stocks Were Already Crashing the Last Two Times this Happened. So What Gives?
Over the last 20 years, margin debt – when investors buy stocks with borrowed money – went through three multi-year run-ups, each topped off with a spike, followed by a reversal and decline: during the final throes of the bubbles in 2000 and 2007, each followed by an epic stock market crash – and now.
Here's What Happens When the World Overdoses on Debt
China and Russia Still on Gold Buying Spree
Global Central Banks Are All-In: QE Running At Record $180 Billion Per Month (And Rising)
RBS Warns Clients May Face Negative Interest Rates

## War on cash/cashless society ##
Florida judge declares bitcoin is not money

## Airline death spiral ##
Plane passenger removed from flight 'because of his Isis tattoo'
Airline cabins of the future: A new golden age of travel?
American Airlines profit falls $A1.27b

## Fault lines/flashpoints/powder kegs/military/war drums ##
12 Injured, Bomber Killed Outside German Music Festival
The Latest: Officials Seek Stronger Border Control, Police (Germany)
Islamists attack French church, slit priest's throat
Hollande Vows "All Out War" Against ISIS After Priest Killing
Afghan civilian casualties soar to record high, UN says
Chinese Media Talks Tough After India Deploys Tanks to China Border
Poland Intends To Finalize Patriot Sale Agreement By Year's End
Israel's Tightening But Weakening Grip
Israel's near-seven-decade oppression of the Palestinian people has cost it popular support worldwide and led Zionists to rely more and more on paid-off political allies to shield Israeli interests.
800 US aviation troops deploying to Afghanistan
US allowing more diplomat families in Turkey to leave country
US-Backed Syrian Rebels Face 'Total Collapse' in Aleppo

## Migrants/refugees ##
Mexican Newspaper: Build a Trump-Style Wall with Central America

## Global unrest/mob rule/angry people/torches and pitchforks ##
Berning with anger, protesters take Philadelphia streets ahead of Democratic convention
Pro-Sanders Protests Take Striking Anti-Clinton Tone
More than 50 pro-Sanders demonstrators cited by police
Sign of the Times: Riot Control Gear Sales Are Soaring Globally
New York City police upgrade gear after Texas, Louisiana shootings
The New York City Police Department has acquired $7 million in military-style protective equipment for patrol officers in response to recent shooting attacks on police in Baton Rouge and Dallas earlier this month, officials said on Monday.

## Energy/resources ##
Overly Simple Energy-Economy Models Give Misleading Answers
Oil Bulls Headed Over Demand Cliff as Refinery Shutdowns Loom
Thunderstorm Sparks Massive Spike In New York Elctricity Prices Amid Heat Wave
South Korea to pick spent nuclear fuel site by 2028, eyes overseas storage
Overseas storage! Like Japan, South Korea has cut its own throat with nuclear power. -- RF
Nuclear waste will last a lot longer than climate change
"Too-cheap-to-meter" nuclear power has already left a deadly legacy that we can't deal with, and this global disaster is just getting started. Nuclear power: The gift that keeps on giving. -- RF
Niger Delta Avengers Attack another Pipeline
Short of funds, Brazil's Chesf delays transmission line project
State-run energy company Chesf, a subsidiary of Brazil's federal energy holding company Eletrobras, has delayed the delivery of more than 1,000 kilometers of transmission line projects for lack of funds to complete the work, data compiled by Reuters showed.
Oil Continues To Fall After API Reports 1.4M Barrel Build At Cushing
Morgan Stanley Predicts Plummeting Oil Prices - $35 Likely
North Sea Platform Workers Launch Biggest Strike in Decades
Australia Considers Banning Wind Power Because It's Causing Blackouts

## Got food? ##
General Mills widens flour recall again after 4 more people get sick

## Environment/health ##
Kuwait swelters under record 54c heatwave
The hot weather has seen unprecedented demand on Kuwait's electricity infrastructure, with several power outages reported last week.
Heat wave, drought showing no signs of slowing down (US)
6,500 acres burned in Big Sur fire
Fire seasons are becoming hotter, drier and longer
Sea level rise: Tide turns against Liberia's biggest slum
Utah Lake's Poop-Driven Algal Bloom Is a Crappy Situation
More Than a Million Moms At Risk of Zika, Study Finds
Spain registers first Zika microcephaly birth in Europe
Unconventional Coal Technologies 'Could Blow the Global Carbon Budget'
Husky shuts pipeline indefinitely after Canadian oil spill
Husky Energy Inc has indefinitely closed a pipeline that leaked oil into a major Canadian river, a company official said on Monday, as the spill forced a second city to stop drawing drinking water.
Western Canada Oil Spill Drenches Birds, Will Taint Drinking Water for Months to Come
Red Cross says need for blood is 'urgent'
Over one million people hit as floods worsen in India's tea region of Assam

## Intelligence/security/internet/cyberwar ##
As Biometric Scanning Use Grows, So Does Security Risk
Without you necessarily realizing it, your unique attributes — or "biometrics" — are being used to verify your identity. Every time you unlock your smartphone, use a fingerprint scanner at the airport, or upload a photo with facial recognition to Facebook, your physical attributes are scanned and scrutinized against a template.
11 Police Robots Patrolling Around the World
DNC erects four-mile, eight-foot-high fence around Philadelphia convention site
The DNC is afraid of the people. -- RF
Turkey detains 42 journalists in crackdown as Europe sounds alarm
Germany orders increased police presence after spate of attacks
Snowden Explains How To Get To The Bottom Of "Who Hacked The Democrats"
Munich Shooting Sparks Push to End Post-WW2 Limits on Using German Military Domestically
India Denies Visa Extensions to Xinhua Journalists
Was The Turkey Coup A Hoax? After Erdogan Arrests Thousands, Critics Question Military Uprising
WikiLeaks' Julian Assange: 'No Proof' Hacked DNC Emails Came From Russia
Meet The Biggest Government Hacker On The Planet—–Uncle Sam
Australia's "Abu Ghraib"-Like Torture of Jailed Children Captured in "Chilling" TV Footage

## Propaganda/censorship ##
China Internet Crackdown: Regulator Bans Original News Reporting By Websites
The Hunt for Red Trump-tober: Clintonistas say Russia is behind DNC leak – and the Trump campaign
How US Propaganda Fuels New Cold War
The anti-Russian propaganda across the U.S. political/media system is so pervasive that even members of Congress know little about the events that launched a new Cold War.
As I've observed previously, the US propaganda system is by far the world's most sophisticated and effective. If the Chinese, for example, really want to have a good propaganda system, they should abandon their present crude and heavy-handed approach and adopt the US system. -- RF
Facebook admits to blocking links to Wikileaks DNC emails

## Systemic breakdown/collapse/unsustainability ##
Head of Australian Team Says Olympic Village in Rio 'Not Safe or Ready'
Leaky Toilets at Athlete Village Add to Rio 2016 Budget Woes
Power is nothing without control: lessons from the failed coup in Turkey
Contamination of water pushes up costs, makes safe water scarcer: study
Clinton, Wasserman Schultz and the Wheezing Corpse of the Democratic Process Revealed

## Japan ##
Japan To Miss FY2020 GDP Target Of 600 Trillion Yen: Government Forecast
Japan's "Helicopter Money" Play: Road to Hyperinflation or Cure for Debt Deflation?
Democrats commit to US defense of Japan under 'rebalance' to Asia
Pokemon Go players advised not to go into Fukushima disaster zone

## China ##
China to Shut Political, Social News Sites Run by Websites
China Scores Diplomatic Victory, Avoids Criticism From ASEAN
China Rolls out World's Largest Amphibious Aircraft (video)
Hong Kong On The Edge—–Debt And Property bubble fixing to Burst
End of an Era as China's Love Affair With U.S. Real Estate Fades
Science says China has already hit peak coal use
China Cools Down on Wind Energy Technology

## UK ##
Natwest and RBS may charge firms to hold deposits
Natwest and Royal Bank of Scotland (RBS) have warned businesses they may have to charge them to accept deposits due to low interest rates.
One in five parents will skip meals to feed their children over summer
British Solar Industry In Jeopardy, 12,500 Jobs Lost
Hate crime policing to be reviewed after spike in reports
'Super ants' invading British gardens faster than ever
Hundreds of police officers are suffering from mental health problems, officers' groups warn

## US ##
Credit Card Companies Specifically Target Less Educated And Less Sophisticated Americans
New York's Hamptons: Where a Summer Rental Can Set You Back $1 Million
For the first time, forecast predicts hotter than normal in every square inch of the USA
Job Openings vs. Number of Unemployed; Is Being Unemployed Just "Bad Luck"?
Subprime Snaps: Largest US Subprime Auto Lender Delays Earnings Due To "Accounting Matters"
Robot-Delivered Death in Dallas
The Dallas police decision to use a robot-delivered bomb to kill the cornered shooter blamed for murdering five police officers raises troubling legal, technological and public-safety questions.
Junk-rated U.S. municipalities shine brighter with record low rates
Neil deGrasse Tyson, Jeff Bezos Join Defense Innovation Board
The largest pension fund in the country CalPERs continues to underperform: Weakest return since 2008-09 financial crisis.
New legislation proposes to "bail in" Social Security
The Board of Trustees for Social Security (which includes the US Treasury Secretary) wrote that major parts of the program have already run out of money, and the rest of Social Security will run out of money in the next decade.
New Home Sales Are Back……..To When The Housing Bubble Began In 1995!
A third of U.S. adults say they'd be enthusiastic about a microchip implanted in brain
Service PMI Barely Above Contraction

## The candidates ##
After NATO, the WTO: Trump ready to rip up post-war order
Why Can't Hillary Stop Fudging the Truth?
Email-gate is only the latest instance in a 25-year habit of dissembling.
Hillary Clinton is in Deep Trouble – "Hordes of Wall Street Executives" Descend Upon Philly
Sanders Booed by Own Delegates for Urging Support for Clinton
Sanders to 'Bernie or Bust' Movement: I'm Not With You
"Bedlam" As Wasserman Schultz Boo'd, Heckled Off Stage By DNC Delegates
Hillary Clinton: Class President of A Failed Generation
Donald Trump is right about globalization: It's a broken system
Trump as the Reagan Reboot
Donald Trump's pro-police-state acceptance speech must have appealed to many Americans, boosting him in the polls, but another secret to his success may be that he is a 2.0 reboot of Ronald Reagan.
Oops: Kaine Implies Hillary Should Be Prosecuted For Mishandling Classified Information
Clinton Cash: "Devastating" Documentary Reveals How Clintons Went From "Dead Broke" To Mega Wealthy
Robert Kagan and Other Neocons Are Backing Hillary Clinton
Wall Street now substantially less certain of a Clinton victory
Wikileaks Emails Bring New Attention to Hillary Victory Fund "Money Laundering" Charges
Why Hillary Is Nervous: "More Leaks May Be Coming"
Hillary Clinton Wins Democratic Nomination
Hillary Clinton's Dangerously Coherent Foreign Policy

Sunday, July 24, 2016


News Links, July 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Meets Ugly Reality — Trade Volume Adjusted Down
Trade volume was adjusted down every month by 2% to 3% in recent years, in a world where economic growth is stuck at only 3.1% in 2016, according to the IMF. And that includes the glorious GDP numbers from China that no one believes.
Look Who's Frantically Demanding that Taxpayers Stop Italy's Bank Meltdown
World Bank mulls different approach as prospects for global growth darken
Startup Deal Activity Keeps Falling Worldwide
Private Debt Piles Loom Over Emerging Economies
Negative interest bites Switzerland's big banks harder in 2016
Corporate Tax Collection In Spain Goes Negative €539 Million
Pension Funds Are Underwater – And Taking Us With Them
U.S. sides with HSBC to block release of money laundering report
Who Buys Bonds With A Negative Interest Rate?
Saudi real estate sales drop to lowest level in a decade
G-20: Denial of the Obvious, Praise for Lies
World should not rely on China to lead global economic recovery, says Premier Li Keqiang
Seoul: North Korea's economy shrinks 1st time in 5 years

## Cut, baby, cut! ##
ConocoPhillips to Trim 6% of its Workforce
Shell to cut 25% of its deep water Gulf of Mexico workforce
Honeywell Cuts Guidance, Boeing Gives 60-Day Notices

## War on cash/cashless society ##
Big banks getting serious about Venmo-style online transactions

## Airline death spiral ##
World's Airlines Crashing At Worst Rate Since 2008
As Global Demand Slows, Airlines Defer Widebody Jet Orders
With 1,150 Southwest flights canceled, airline waking from computer nightmare
BA plane makes emergency landing due to 'nasty' cannabis smell: 'The whole area stank'
Engine problem prompts flight diversion to Virginia
Notified of 23 'minor' deficiencies by FAA, Allegiant working on corrections
Lufthansa Technik to cut 700 jobs in engine overhaul operations
Traveling costs likely to take off
Airlines Rake in Cash as Fares Stay Cheap. What's Wrong With This Picture?
Feds Asked to Investigate American Airlines After Muslim Passenger Removed
Kenya Airways reports $252 million loss for FY2015-16
Security Concern Causes Flight to Divert to Portland
Singapore to toughen laws against unruly air travellers

## Fault lines/flashpoints/powder kegs/military/war drums ##
18-Year-Old German-Iranian Is Behind Munich "Shooting Rampage" Which Killed 10 Including Gunman
Machete-Wielding Syrian Refugee Kills Pregnant Woman; Injures Two In Southern German City
Turkey coup attempt: Crackdown toll passes 50,000
All Or Nothing For Erdogan: 200,000 Purged In Race For Absolute Power
Turkey's Erdogan Orders Closure Of More Schools, Extends Detention Period
Is Bibi's massive fundraising network about to collapse?
Multinational air base in Turkey faces uncertain future
Russia expands Pacific submarine fleet with quieter, better armed vessels
Top Obama aide to take call for South China Sea calm to Beijing
In port visit, New Zealand and U.S. seek to bolster military ties
France to Send Heavy Artillery to Iraq to Fight ISIS
IS Attacks Protest in Afghan Capital, Kills 80 People
10-Day Ban on Public Gatherings in Afghanistan
US War In Afghanistan Is Fueling Global Heroin Epidemic & Enabling The Drug Trade
ASEAN deadlocked on South China Sea, Cambodia blocks statement
Afghanistan: President Obama's Vietnam
President Obama is keeping U.S. troops in Afghanistan fighting an unwinnable war for fear of the political consequences if he faces reality and admits defeat, an echo of Vietnam.
US Air Force works to keep older planes in air longer

## Migrants/refugees ##
Turkey's political turmoil may have implications for Europe's migrant crisis

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek Far-Rightists, Police Clash During Muslim Party March

## Energy/resources ##
Middle Eastern rush to a nuclear powered future
Oil Continues To Plunge As Markets Turn Bearish
Workers: Force majeure at ExxonMobil Nigeria may last weeks
Why Nigeria's 'Avengers' are crippling the oil sector
Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.
Chop, baby, chop! Solar projects can't save the forest for the trees?
Why San Onofre's nuclear waste stays on the beach
Some 3.6 million pounds of nuclear waste at the shuttered San Onofre Nuclear Generating Station is all stored up with no place to go.
Nuclear decommissioning: Taxpayers likely stuck with Pilgrim closure bills
As it will happen around the world. Unfortunately, economic collapse guarantees that taxpayers won't be able to foot the bill. I stand by my prediction that hardly any nuclear power plants, anywhere, will be properly decommissioned. Even if the money were to be found — which it won't — there is no place to sequester all the waste. Unmitigated global disaster, coming right up! -- RF
Shell cutting deepwater Gulf workforce
Pakistan's oil output drops 8% with gradual fall in reserves

## Got food? ##
Why Americans waste so much food
A bigger problem is that almost all discarded food goes into landfills or incinerators, instead of being returned to the soil. It's too late to change this, so we'll just have to wait until the food production/distribution system collapses and trash collection stops. Then you will see lots of composting. -- RF
Extreme Climate Change Pictures 2016: Amid Hottest Year On Record, Famine, Drought Grips Africa, Central America, India
Venezuela Economic Crisis: No McDonald's Big Macs Amid Food Shortages
Thanks For The $170 Billion——-Uncle Sam's subsidies Help Fatten Junk Food Industry
How much should food cost?
Eggs, With a Side Order of Blood and Filth (Videos)
Are you anti-science if you don't like GMOs?

## Environment/health ##
Florida May Have a Second Non-Travel-Related Case of Zika
Vaccine Scandal Highlights Indonesian Health System Woes
Forms of HIV can jump from chimps to humans, study says
Change in Zika virus sparks pandemic fear for Australians
The terrifying Zika virus, which can cause babies to have horrific birth defects, has reportedly leapt to a new breed of mosquito.
Canadian City Gets Backup Water Supply Ready After Oil Spill
Scorching Middle East Beats All-Time Heat Records for Eastern Hemisphere
Sand Fire burns through more than 11,000 acres in So. California
Toxic algae bloom in Utah sickens over 100 people amid heat wave
Rise in plunder of Earth's natural resources
Companies are flooding Earth's orbit with satellites, but no one's directing traffic

## Intelligence/security/internet/cyberwar ##
A Turkey of a Coup (a debunking of various theories)
Erdogan's Power Game: Turkey On Collision Course With NATO
WSJ Reporter's "Shocking" Discovery: DHS Can Confiscate Any Device Along The Border Without Suspicion
Study: a fifth of Swiss spy on neighbours
Emails Released by WikiLeaks Appear to Show DNC Trying to Aid Hillary Clinton
Leaked Emails Confirm DNC Officials Planned Anti-Trump Protests
Democrats Accuse Russia Of Hacking DNC Server To Help Donald Trump
Looks like an attempt to deflect attention from DNC wrongdoing and pin the rap on the Russians. -- RF
Yes, The Democratic National Committee Flat Out Lied In Claiming No Donor Financial Info Leaked
Paris Officials Seek to Destroy Potential Evidence in Attack in Nice, France
Study Says Drones Generate More Terrorism

## Propaganda/censorship ##
The Parade-Goer's 9-Point Guide to Understanding Political Propaganda
Will NYT Retract Latest Anti-Russian 'Fraud'?
In covering the new Cold War, The New York Times has lost its journalistic bearings, serving as a crude propaganda outlet publishing outlandish anti-Russian claims that may cross the line into fraud.
Presenting "Putin's Useful Idiot": Anyone Who Disagrees With The Establishment

## Systemic breakdown/collapse/unsustainability ##
Donald Trump's Convention Speech Highlighted The Truth About America's Decline
If We Can't Be Honest, No Solution Is Possible
A field guide to technology gone feral
Tech systems are so interwoven that even if we could understand their complexity, they change too fast to keep up. We have to study them like an ecology, says a new book
Fiat Chrysler recalling 410,000 vehicles
Electrical connections in Rio Olympic Park still not finished: sources
Navy's $12.9 Billion Carrier Isn't Ready for Warfare, Memo Says
The $12.9 billion USS Gerald R. Ford -- the most expensive warship ever built -- may struggle to launch and recover aircraft, mount a defense and move munitions, according to the Pentagon's top weapons tester. On-board systems for those tasks have poor or unknown reliability issues, according to a June 28 memo obtained by Bloomberg News.
Instead of asking, "are robots becoming more human?" we need to ask "are humans becoming more robotic?"
Why We're Ungovernable, Part 15: Violence Goes Random

## Japan ##
Japan's Business Lobby Calls For A Shift From Nuclear Power To Renewables
Japan's CPI seen falling again in June, more headaches for BOJ
Abe's maglev decision reflects political calculus over economics
Japan Atomic again flubs maintenance checks at Monju reactor
Japan to allow fingerprint authorization for visitors
Japan's primary balance expected to worsen

## China ##
Chinese Officials Begin to Dismantle Tibetan Study Site
Is China Stealing Jobs? It May Be Losing Them, Instead
China's ballooning corporate debt a key tail risk for global credit: S&P
Flooding in China kills at least 170
Beijing Floods Not a Problem for Forbidden City's 600 Year-Old Drainage System
China withdrew missiles from South China Sea island ahead of Hague ruling: report
Chinese Companies are Turning Japanese
China's Rising Bad Debts Revealed in Recent Bank Listing
China Beefs Up Military Modernization

## UK ##
Brexit shock pushes UK services and manufacturing into contraction says new survey
Britain's economy shrinking at fastest rate since 2009, says survey
More than 57,000 people hit by bedroom tax fall behind on rent, Government report reveals
Britain Quietly Backs Off Claims Saudis Aren't Committing War Crimes
More than 500,000 public sector workers put through Prevent counter-terror training in bid to spot extremism
Massive Delays Stall England-to-France Vehicle Traffic
Brexit causes dramatic drop in UK economy, data suggests

## US ##
Report: U.S. is lagging in child well-being
US Failing Dismally on Sustainable Development, Despite Vast Wealth
However, much of that "vast wealth" is froth. -- RF
Wealth Bubble In 'Scary Graph' Flashes Warning About Future U.S. Downturn
Is Obama's Recent Ban on Military Gear to Police Already Coming to an End?
It Starts: First Mega-Foreclosure Hits Houston Office Market
Medicare safeguard overwhelmed by pricey drugs

## The candidates ##
Trump does it; he was scripted and fiery
Donald Trump's Convention Speech Rings Terrifying Historical Alarm Bells
Thoughts on Trump's Speech (Why I Can't Vote for Him and Why He Could Win)
Koch Brothers Now Supporting Hillary Clinton
Trump Enrages the War Party
Hillary Clinton's Top VP Pick Lets Big Banks Know He's in Their Corner
Trump's tax numbers just don't add up
Donald Trump Doesn't Understand Cyberwar
Leaked DNC Emails Confirm Democrats Rigged Primary, Reveal Extensive Media Collusion
Bernie Sanders Campaign Chief Says Someone Must Be 'Accountable' for What DNC Emails Show
DNC Chair Wasserman Schultz Announces Resignation Following Wikileaks Revelations, Will Join Clinton Campaign
Oil Lobby Paid Washington Post and Atlantic to Host Climate-Change Deniers at RNC
Donald Trump threatens to pull US out of the World Trade Organisation
Hungary's Prime Minister Praises Trump
Former NYC Mayor Michael Bloomberg to endorse Hillary Clinton, speak at DNC in Philadelphia

And finally...
Grumpy Cat hysteria hits the UK as crowds queue for hours to meet the celebrity animal

Thursday, July 21, 2016


News Links, July 22, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Bubble Finance At Work——65%-70% Of Households Have Lower Real Incomes Than In 2005
Globalization's Few Winners and Many Losers
Atlas Rescue Phase II: Italy Eyes Another Private Deal to Bail Out Banks
Corporate debt seen ballooning to $75 trillion: S&P
HSBC Bankers Are First Individuals Charged in U.S. Currency Case
Global steel production down 1.9% y/y in H1
Too hot to work: global warming may cause loss of 20% of annual work hours in Southeast Asia alone
Rising temperatures caused by climate change may cost the world economy over $2 trillion in lost productivity by 2030 as hot weather makes it unbearable to work in some parts of the world, according to U.N. research published on Tuesday.
How the Oil Bust is Crushing a Downtown of Office Towers
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil and gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs.
Could This Rally Be a Head-Fake?
This entire rally has an engineered feel. All the technical "buy" signals are precisely what you'd expect in a rigged rally.
Dear ECB, What's in Your Wallet?
George Soros Doubles Down: Accept 300k Refugees Costing $30Bn, Or Risk EU Collapse

## Cut, baby, cut! ##
Bank Earnings: Wall Street Is Running Out of Jobs to Cut
Energy Giant Schlumberger Fires Another 8,000 As "Market Conditions Worsened" In Q2

## War on cash/cashless society ##
Is it easier to save money when you pay with cash?
Could India Be the First to Get Rid of Cash?

## Airline death spiral ##
Asiana Airlines was storing bank info and thousands of passports on its website
Security measures slow Brazil's airports
DFW Airport briefly delays flights after standoff
Technical issues [sic] ground many Southwest Airlines planes
New York's $8 Billion Airport Still Won't Get You to L.A.
Footage Shows Governor Malloy Bypass Airport Security
Southwest says technology outage fixed but more flights cut
Abusive East Midlands Airport passenger diverts flight
Sydney flight diverted as drunken passengers throw punches
European Airlines Fly Into Trouble
EasyJet will not be the last airline to announced disappointing results this year

## Fault lines/flashpoints/powder kegs/military/war drums ##
No Retreat From Asia Pivot Regardless Of Who Wins US Presidency: Biden
Incirlik Air Base: Post-Coup Power Cut Remains at U.S. Site Five Days after Attempted Coup
100 Jihadis Enter Syria From Turkey Each Week, French Intelligence Finds
Vice President Joe Biden Says US Accepts Invitation to Send a Navy Ship to New Zealand for 1st Time in 3 Decades
Turkey Coup Update: 50,000 People Suspended, Detained In Erdogan's 'Purge' Of Gulen Followers
Who Is Buying MiGs From Russia? Secret Fighter Jet Deal Is Reportedly Underway
AFRICOM: Ready to Sabotage the Revolution
How much does the Pentagon's newest bomber really cost?
A Failed Coup… An Unrecognized Republic… And Triggers for a Global Economic Meltdown
Sultan Erdogan, Gulen's Terrorists, the CIA's Money and False Flags Galore
Erdogan Declares Emergency in Which He Can Rule by Decree, Tells France "Mind Your Own Business", S&P to Shut Up
US-Backed Syrian 'Moderates' Behead 12-Year-Old
The grisly beheading of a 12-year-old boy by U.S.-backed Syrian rebels spotlights Washington's creepy excuses for arming "moderate" jihadists who are barely distinguishable from Al Qaeda and ISIS.
South China Sea: Taiwanese lawmakers and flotilla head to Taiping Island in sovereignty, fishing rights push
Nice Attacker Plotted for Months, Had Accomplices, Official Says
ISIS In China? Muslim Uighur Population Joining Islamic State In Syria, Iraq Amid Poor Economic Conditions
ISIS Trying to Topple Saudi King with Attack on Mohammed's Mosque
Senators Urge Obama To Cancel Nuclear Cruise Missile

## Migrants/refugees ##
Over 20 migrant bodies found on dinghy in Med
Hungary launches new anti-migrant media offensive

## Global unrest/mob rule/angry people/torches and pitchforks ##
The world is taking its revenge against elites. When will America's wake up?
Demonstrators, Armenia Police Clash Outside Station
Civil unrest means more pizza deliveries
Pepper spray used on crowd as police detain protesters outside GOP convention
Eighteen protesters arrested in Cleveland after scuffle with police

## Energy/resources ##
Whistleblowers: Nuke Watchdogs Not Doing Enough to Prevent Canadian Fukushima
Bad News For Miners: Cash Strapped Governments Up Royalties
Halliburton Reports $3.2 Billion Loss, But Sees Activity Picking Up
Some reflections on the Twilight of the Oil Age (part III)
Global extraction of primary materials to triple by 2050 -UNEP
If nothing else, the depletion of high-quality reserves dictates that this won't happen. -- RF
Scots offshore wind 'pretty much dead', former minister claims
Goldman Sachs: Oil, Gas Will Need Up to 100K Workers for US Shale Growth
BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
More pain seen for U.S. crude as product glut adds to gloom
How Much Does The U.S. Spend Per Day On Petroleum Products?
Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased slightly to 19.72 MMBoepd since peaking in 2007 at 20.94 MMBoepd.
Fracklog in the Biggest U.S. Oil Field May All But Disappear
The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter -- and may all but disappear in the nation's biggest oil field should prices hold steady.

## Got food? ##
Regulators look for solutions to lobster bait shortage

## Environment/health ##
Florida May Have Its First Zika Virus Outbreak

## Propaganda/censorship ##
'Fraud' Alleged in NYT's MH-17 Report
An amateur report alleging Russian doctoring of satellite photos on the Malaysia Airlines Flight 17 case – a finding embraced by The New York Times – is denounced by a forensic expert as an "outright fraud.
Turkey Blocks Wikileaks After It Dumps Nearly 300,000 Turkish Gov't Emails

## Systemic breakdown/collapse/unsustainability ##
Gunfire often connected to gangs hitting Chicago children
Another chapter in the saga of the global pension demise. -- RF
Greenpeace Japan reported Thursday that waterways in the Fukushima district have hundreds of times more radiation now than before 2011, when the nuclear disaster that forced the evacuation of at least 160,000 people occurred.

As with many other things around the world, it's not a shortage; it's too many people. -- RF
The situation is getting desperate. -- RF

## US ##
Manhunt Underway After 4 Men in Car Shoot at NYPD Officers in Brooklyn, Narrowly Missing Them: Police Union
Why Public Needs Go Begging
For decades, Americans have been sold on rugged individualism and told to disdain collectivism and community, a philosophy that has starved many public institutions and fattened up the few at the top.

## The candidates
VP Choice Pence Reaffirms Israel Devotion
Donald Trump may alarm Washington's foreign policy establishment with his "America First" rhetoric but Mike Pence, Trump's VP choice, reaffirms a commitment to the traditional "Israel First" doctrine.

And finally...

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