Wednesday, April 15, 2015


News Links, April 16, 2015

## Global Ponzi meltdown/House of Cards ##
WTO Cuts World Trade Growth Forecasts For 2015 And 2016
Latin American Economic Future Looks Grim Thanks To Commodity Prices: IMF World Economic Outlook
As the world's major economies celebrate record-low oil prices, the outlook for countries in Latin America isn't especially optimistic. New data from the International Monetary Fund say that economic growth in the region has declined for the fourth consecutive year, and thanks to record-low global commodity prices and continuing political problems, it doesn't look to be improving anytime soon.
Sub-Saharan Africa Falls Behind In Fight Against Extreme Poverty: World Bank Report
Oil-Rich Nations Selling Petrodollar Assets at Record Pace
Global Commodity Deflation Alert——Copper Heading For $2/Pound After China "Financing" Deals Unwind
Greece's poor are back to where they were in 1980
Greek Sovereign Debt Downgraded at S&P
European Central Bank to stress: No way we'll taper stimulus
Banks Across Europe Pay Borrowers To Buy Homes
No Major Country Is More Exposed to Banks than Australia
Magnificent Housing Bubble Unravels in Much of Canada
The International Monetary Fund comes with new danger signals for the Norwegian economy
Spotlight on China: Margin Debt, Trading Accounts, Construction Equipment
Central bankers gather privately in Washington this Friday to discuss gold
Economies focused on growth alone are on a path to self-destruction
The Changing World of Work 3: "Full-Stack" Skills
Idiot's Solution to Negative Interest Rates: Abolish Cash, Tax Currency
Here Comes The Next Greece——Ukraine Seeks Haircut On $40 Billion Of Private Debts
China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank
Debt collectors phone, email, text and write letters 65 million times a year (Australia)

## Airline Death Spiral ##
Shrinking airline seats spark health concerns
Planes are filled with more passengers than ever before. Fliers are older and heavier. Flight attendants warn about an increase in air rage, and experts question if having rows of seats packed closer together might make it harder for passengers to evacuate after a crash.
Skymark to wipe out capital for debt repayments
Skymark Airlines plans to use up its entire capital to reduce a heavy debt load exceeding assets, according to a preliminary rehabilitation plan submitted to the court.
Plans to cram more seats in airliners won't sit well with fliers
TSA screeners accused of groping men during checks at Denver airport
Lost bags? Flight delayed? Major airlines to set up new independent complaints service - but it probably won't be free
Hidden cameras catch airport workers stealing from luggage
Looming pilot shortage threatens regional airports
After job cuts, Frontier Airlines customer complaints soar
Airline food workers strike at LAX, affecting international flights
Two Britons fined $3,000 each for throwing peanuts at cabin crew, forcing flight to divert to Bermuda
GAO: Newer aircraft vulnerable to hacking
Seoul orders Asiana pilots to undergo more training after second crash in two years

## Fault lines/flashpoints/powder kegs/military/war drums ##
Senate Compromises on Iran Deal, Obama Will Sign Bill
President Hillary Clinton's Middle East Policy: Interventions, Wars, More of Same
The Iranian Ascendancy
Obama warns Iran its fighters in Iraq must answer to Baghdad
Russia To Supply S-400 Air Defense Systems To China
Russia Using Iran Nuclear Deal To Expand Sphere Of Influence
U.S. Military Should Stay Home: America, Not Iran, Is Biggest Threat To Mideast Stability (Forbes)
Saudis Pour Oil on the Mideast Fire
Saudi Arabia, now in alliance with Israel and with tacit U.S. approval, is dragging the Middle East into a nightmare of sectarian conflict, pitting its own warplanes and Sunni terrorists against Shiites, Christians and other minorities as part of a misguided competition with Iran.
Russia Impinges on Israeli 'Right' to Bomb Iran (Ray McGovern)
American neocons are in a lather over Russia's decision to go ahead with the sale of anti-aircraft missiles to Iran. The apparent outrage is that Iran thinks it has a right to protect its citizens from Israel's right to launch airstrikes into Iran's territory.
South Korea, Japan Hold Security Talks
This is a big deal, considering the cold winds blowing between the two neighbors. -- RF
Al Shabaab militants attack Somali government building, at least 10 dead
Australia Sends 330, NZ 100 Troops to Train Iraqi Forces
Afghan warlord warns of Islamic State rise
Islamic State takes 3 Iraqi villages, presses into Ramadi after Tikrit loss
Obama drops Cuba from terror list, readies for showdown with Congress
Israel hails 'achievement' in its bid to block Iran nuclear deal
Did Money Seal Israeli-Saudi Alliance?
The odd-couple relationship between Saudi Arabia and Israel may have been sealed with more than a mutual desire to kiss-off Iran. According to an intelligence source, there was a dowry involved, too, with the Saudis reportedly giving Israel some $16 billion.
Religious Fanaticism is a Huge Factor in Americans' Support for Israel
Sweden: Suspected Foreign Submarine Turned Out to Be a Fishing Boat
Russian Military Drills Continue With T-90A Tank Exercises Near Ukraine Border, Report Says
When 'Sanctions' Boomerang—–The Forgotten Lessons Of 1941

## Global unrest/mob rule/angry people/torches and pitchforks ##
The inequality bubble is accelerating, worse than '29, even 1789
14 reasons an economic crash could trigger a deadly revolution
Attacks on Refugee Hostels a Growing Problem (Germany)
Protesters gather in New York to demonstrate against police violence
Protests in U.S. cities against police violence prompt arrests
German city braced for protests as G7 foreign ministers meet
Protesters Slam Wall Street Elites for Profiting Off 'Misery of Workers'
Brazil Military Coup? Protesters Demand 'Intervention' Against Dilma Rousseff Amid Corruption Accusations
Fight for $15 protests expand for low-wage workers
Low-Wage Worker Protests Elicit Sympathy On New York City Streets
Hundreds of residents in southwest China demand to know source of foul smell

## Energy/resources ##
South Africa loses a quarter of power supply in plant breakdowns
South African utility Eskom said on Tuesday it had lost 9,500 megawatts (MW) of electricity due to unplanned outages, forcing it to implement widespread power cuts, in one of its most serious breakdowns in years.
Feds Inspect Calvert Cliffs Nuclear Reactors After D.C. Blackout
Oro power outage worsens
Residents in Cagayan de Oro City are now experiencing more than eight hours of daily brownout in shift. In its new advisory on Monday, Cagayan de Oro Electric Power and Light Co. (Cepalco) has resorted to load shedding in three shifts to contain the power supply shortage that Mindanao has been experiencing since last month.
The ultimate limits to carbon burning: an order of magnitude calculation
How Much Water Does The Energy Sector Use?
Oil-Rich Nations Are Selling Off Their Petrodollar Assets at Record Pace
This Chart Shows That US Rig Counts Still Have Farther to Fall
Bakken Shale Oil Well Output Drops To Lowest Since 2009
Trucking Along Alaska's 'Ice Road' To Northern Oilfields Freezes To A Halt
The Exodus Begins: Oil ETFs See Biggest Outflows In 15 Months
Forbes: "Shale Oil Boom Goes Bust"
Oil layoffs hit 100,000 and counting
Coal ship queue at Australia's Newcastle port below 30 for third week
EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
The Next Crime Wave in Farm Country: Stealing Water
Royal Dutch Shell-BG Group merger a sign of 'Darwinian' mood of oilpatch, veteran analyst says
Massive Nuclear Buildout in India Will Require A Lot More Uranium
Russia's Lukoil sets up shop in Iran
Poland's nuclear project pushed back at least another two years: sources

## Infrastructure scavenging ##
Factory suffers seven power cuts due to metal thieves
The cost of cable and metal theft
Copper wire theft for salvage puts public safety at risk
Cable theft from Retford station leaves trains in chaos

## Got food? ##
The FDA's phony nutrition science: How Big Food and Agriculture trumps real science — and why the government allows it
Over-consumption, climate change threaten food security, water supply: FAO
Even though it's terrible for us, more antibiotics are being used on farm animals than ever before
The numbers are staggering: US is 'world leader' in child poverty

## Lifestyle Solutions ##
Composting corpses

## Environment/health ##
Rowing venue for 2016 Rio Olympics filled with dead fish
Fracking Increases Radon Gas Hazard, US Study Finds
If Walls Could Talk: What Lead Is Doing To Our Students
Scientists Warn of Hormone Impacts From Benzene, Xylene, Other Common Solvents
Americans Spent $374 Billion on Big Pharma Drugs Last Year

## Intelligence/security/internet/cyberwar ##
France Considers Forcing Google to Disclose Search Algorithm; Too Much Satisfaction!
Creepy 'Sat Nav' Device Steers People With Tiny Jolts Of Electricity
Google has patented the ability to control a robot army
Blair: Cyberwar carries risk of self-inflicted damage

## Propaganda ##
Peace Must Be Stopped At Any Cost; Lies and Hypocrisy on Iran

## Systemic breakdown/collapse/unsustainability ##
The God Of Technological Progress May Well Be Dead
This week, Chris and John Michael Greer address the global faith in inexorable technological advancement as a cure-all to every predicament we face. In many ways, it's become the dominant religion of the 21st century. Sadly, there are a growing number of threats for which 'improved' technologies actually exacerbate the risks (particularly in regards to depleting critical resources) -- but society refuses to acknowledge this, as it runs counter to the tech-as-savoir meme so many are pinning their hopes on.
India builds first 'smart' city as urban population swells
Putting the Real Story of Energy and the Economy Together
VA building projects riddled with mistakes and cost overruns
Detroit, Stockton bankruptcies may flag wider problems: Fed's Dudley
Only small number of Jeeps fixed 2 years after recall began
US Airline Industry Hits Five-Year Performance Low
Leaving Las Vegas: Lake Mead Water Levels Continue To Crash
Technology To Clean Up Fukushima Plant Doesn't Exist Yet

## Japan ##
Japan court bars restart of Takahama nuclear reactors
Japan May Not Restart Nuclear Reactors After All
Tepco resumes survey of crippled Fukushima reactor vessel with new robot
It would take up to 16 hours to evacuate if Takahama nuclear plant has disaster: NRA
Japan scrambling warplanes as often as during Cold War era
Glitch leaves 119 emergency number down for 2nd time in two months in Tokyo
Abe pledges to help spread hydrogen stations
Waste of money. -- RF
IMF Calls On Bank of Japan To Crank Up Stimulus Steps
IMF raises Japan's growth forecast to 1% for 2015
New fund planned to help children in poverty
SDF 'should protect Australia forces'
The government has stated that the Australian military should be among the foreign forces to which the Self-Defense Forces will be allowed to provide protection in a so-called gray zone incident.
Lifelike female robot to work help desk at Tokyo department store

## China ##
China Margin Debt Is Soaring—–Like Its 1929
China Seeks Dominance in Athens Harbor
China Buys Powerful Military Weapon From Russia: New S-400 Triumf Air Defense Systems Designed To Shoot Down Any Enemy Aerial Target
Chart Of The Day: Chinese Piggies Squealing Towards The Slaughter
Komatsu Construction Equipment Orders In China—–Bottom Dropping Out
China's Crude Imports Slow to 4-Month Low as Storage Tanks Fill
China furthering economic ambitions with AIIB
Realty growth sinks to single-digit level

## UK ##
London stakes its claim as global bitcoin hub
Power and internet outages will kill digital currencies and just about everything but hard cash. -- RF
Warmer waters threaten future of traditional fish and chips
Russian warship tracked by Royal Navy in the Channel
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
Clarification issued over massive British oil find
Primary school places in England 'near breaking point'

## US ##
Counting The Workers The BLS Doesn't Count—–The 2014 Unemployment Rate Was Actually 11.4%
The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives
5 biggest banks now own almost half the industry
Too-big-to-fail banks, instead of getting smaller, are pretty much taking over the financial universe. The largest five banks in the U.S. now control nearly 45 percent of the industry's total assets, according to an analysis from SNL Financial that comes amid an earnings season that has been generally positive for the largest institutions.
The Changing World of Work 2: Financialization = Insecurity
Taxpayers Spend Billions On Government Help For Low-Wage Workers
New Report Finds $153 Billion in Corporate Welfare – Majority of Taxpayer Funded Public Assistance Goes to People Who are Employed
Why your rent will rise again this year
Silence In The Malls: Mid-Market Retail Is Hurting—-Just Like Its Customers
For America's Hidden Hungry There's Been Little Recovery
Corker Signals Veto-Proof Votes Exist as Congress Moves to Kill Iran Deal
Swelling Distressed Bond Market Crashes U.S. Company Debt Party
Small-business optimism slumps to nine-month low: NFIB
Ackman Says Student Loans Are the Biggest Risk in the Credit Market
HRC's connections with Monsanto and Walmart
Hillary Clinton's Sweet, Cozy Connection To For-Profit College Industry She Now Attacks
All Hail Hillary – Iowa Students Locked in Classrooms as Clinton Arrives at College to Visit "Everyday Iowans"
US Developers Now Building Homes with Chinese Buyers in Mind
The main concept used to make US real estate more acceptable to Chinese buyers is fengshui, the ancient art of geomancy used to make buildings and environments more harmonious to live in.
IRS budget cuts might sound great, but they make bad stuff happen to taxpayers
Why 78 Million Millennials Are Choosing Non-Union Jobs
Fed's Dudley Warns about Wave of Municipal Bankruptcies
Meredith Whitney jumped the gun, but her prediction of mass municipal bankruptcies is coming true. -- RF
DEA Agents Caught Having Drug Cartel Funded Prostitute Sex Parties Received Slap on the Wrist; None Fired
Mining, utilities sink U.S. industrial production
U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
Landmark Reparations Package Announced for Victims of Chicago Police Torture Regime
America's iconic companies that disappeared
California drought gives 'toilet to tap' a new level of attention
Empire State Manufacturing Index Back in Contraction, New Sales and Unfilled Orders Sharply Decline
Congress Will Increase The Deficit By 20% This Year
Swelling Distressed Bond Market Crashes U.S. Company Debt Party
NY Fed's "Plunge Protection Team" Starts Chicago Trading Floor "In Case Of Disaster Or Other Eventuality"
Why Is WalMart Mysteriously Shuttering Stores Nationwide For "Plumbing Issues"?
25% of college adjunct faculty get government assistance

And finally...
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States (The Onion)
School For Strippers Closes Due To Noise Complaints

Monday, April 13, 2015


News Links, April 14, 2015

## Global Ponzi meltdown/House of Cards ##
Bundesbank Tells German Heta Creditors: Expect to Lose Half
Asia's Richest Add $64 Billion as the Market Frenzy Rolls On
Global Financial Markets Go Nuts
World Bank Cuts East Asia Growth Forecast, Warns Of Risks To Outlook
China's March Exports Slump Fuels Fears Of Lowest Q1 Growth In 6 Years
Greece to Default on IMF in May, June if No Deal Reached
Greek Bank Update: Depositors Fleeing, ECB Plugging The Hole With 100B EUR
China-Led Infrastructure Bank to Welcome U.S. 'Anytime'

## Airline Death Spiral ##
IndiGo, Jet Airways Hike Cancellation Charges
New Report Shows Over 260 Security Breaches At Airports
Plane forced to land after 80yo woman 'attacks, bites' crew
Disruptive passenger forces Air Canada flight to land in Ireland
Disruptive man removed from Phoenix-bound Flight
United Airlines Flight Turned Back Due to Disruptive Passenger
Airplane passenger tried to strangle Ottawa soccer player Oliver Minatel 'with the cord of his headphones'
Plane Diverts, Two Passengers Arrested
Flight attendants want 'air rage' fines boosted
Singapore to toughen laws against unruly air travellers
Airline passengers have more to complain about, report finds
Think flying is getting worse? A pair of university researchers who track the airline business say it's a fact. More flights are late, more bags are getting lost, and customers are lodging more complaints about U.S. airlines, government data shows.
The Airlines' Scores Are In, and They Aren't Pretty

## Fault lines/flashpoints/powder kegs/military/war drums ##
Italian Industry Gears Up for Navy Renewal
Jihadists attack Iraq's largest oil refinery
China, Russia and eastern Europe boost defence spending
OSCE Reports Intense Fighting Between Ukraine And Pro-Russian Rebels As Foreign Ministers Meet In Berlin
Russia opens way to missile deliveries to Iran, starts oil-for-goods swap
Israel angry as Russia approves missiles for Iran
Indonesia eyes regular navy exercises with U.S. in South China Sea
Ignoring Iranian Calls for Diplomacy, Saudi Arabia Continues Assault on Yemen
Saudi Arabia Slams Iran for Urging Yemen Ceasefire
Neocon 'Chaos Promotion' in the Mideast
After the Persian Gulf War in 1991, America's neocons thought no country could stand up to the high-tech U.S. military, and they realized the Soviet Union was no longer around to limit U.S. actions. So, the "regime change" strategy was born – and many have died.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds take to the streets in protest over power plant (China)
Brazilians march against Rousseff government
Hundreds of thousands of Brazilians took to the streets Sunday, venting anger over government corruption and economic drift a month after larger protests gathered more than a million people.
Political unrest eats up $2.2 billion in third quarter (Bangladesh)
Driver pulls out chainsaw during road rage incident
One of the many road rage incidents that occur each day. Driving cars started out as an exciting, liberating experience, but morphed into hell on wheels. Do you really think that self-driving cars are going to change that? -- RF
Angry protests disrupt start of Turkish mine disaster trial
Thousands March in Canada to Demand Action on Climate Change

## Energy/resources ##
Report – US Oil Rigs Now at Lowest Count Since December 2010
Japan to draft guidelines for disposal of solar, wind power facilities
As with nuclear power (but certainly not to the same extent), disposal will cost far more than envisioned. The chief means of "recycling" old renewable-energy hardware will be illegal dumping and scavenging. And replacing end-of-life renewable installations will cost much more than anticipated, thereby considerably reducing the amount of renewable energy. -- RF
Falklands oil drillers scale back after price slump
Iran says it's ready to send gas to Europe
North Dakota rig slump continues
Shale Oil Boom Could End in May After Price Collapse
The Real Reason Californians Can't Water Their Lawns
California Is "A Totally Artificial World Of Water Use" & Desalination Can't Fix It
Unfinished nuclear plants raise safety doubts
A new generation of giant reactors, meant to provide fresh hope for nuclear power in Europe, has been found to have a serious safety problem.

## Got food? ##
Why Everyone in the U.S. Will Feel California's Drought (video)
Farmers angry after high-yielding rice fails to perform as advertised (China)
Liangyou 0293, a hybrid rice variety developed by Yuan Longping High-Tech Agriculture Co Ltd and grown in east China's Anhui Province suffered massive crop failure after being infected with rice blast, a fungal disease.

## Environment/health ##
Record sea-surface temperatures in Pacific point to record warmth in 2015 and 2016 (Australia)
U.S. Finds First Case of H5N2 Bird Flu in Commercial Chickens

## Intelligence/security/internet/cyberwar ##
Iran's state TV social media accounts hacked
The Chinese government may have been spying on India's leaders and defence companies for a decade
The New York Post Reports – FBI is Covering Up Saudi Links to 9/11 Attack
How to get around government curbs on the Internet
NSA declares war on general purpose computers
Decade-Long Cyberspy Attack Hacked Southeast Asian Targets
UAE Gave $1 Million to NYC Police Foundation; Money Aided 'Investigations'

## Propaganda ##
DHS is influencing America's TV shows, movies, electric cars and much more!
Nato War Propaganda: A Danger to World Peace

## Systemic breakdown/collapse/unsustainability ##
How America's Theme Parks Kill Our Souls
The Nasty Blowback from America's Wars (Ray McGovern)
There are historical warnings to countries that inflict violence abroad, that the imperial impulse will blow back on the domestic society with suppression of public debate and repression of common citizens, that the war will come home — as is happening in the United States.
The Decline & Fall of the United States on Schedule
COLLAPSE PHENOMENON: Michael Ruppert's Last Book, First Starring Film Role, and Ascendancy to the National Stage in 2009

## Japan ##
Japan Begins National Security Space Buildup
In January, Japan's Office of National Space Policy cemented a new 10-year space strategy that for the first time folds space policy into national security strategy, both to enhance the US-Japan alliance and to contain China.
Japan court to decide on nuclear plant, crucial to atomic future
Japan's nuclear power output zero for whole fiscal year for 1st time
Nuclear power to be less than 20% of Japan's energy mix in 2030: sources
Tepco to Abandon Robot Inside Fukushima Reactor
Japan's machinery orders fall
70% of govt entities fail to stock sufficient emergency supplies

## China ##
China's March exports shrink 15 percent year-on-year in shock fall
China Importing More Food Than Ever Before as Safety Concerns Mount
Beijing shifts diplomatic focus from US to neighbors
China's 'Great Cannon' Expands Web Tampering Abilities, Group Says
Blow me a bubble: Shanghai index surges to 7-year high
China Wants To Curb 'Parallel Trading' By Limiting Visits To Hong Kong From Neighboring Mainland Shoppers
China's coal imports fall nearly half in 12 months as anti-pollution drive bites

## UK ##
UK Housing Bubble Bursts: Sales Of Luxury Homes Crash By 80% As "Waves Of Wealthy People Are Leaving"
Man tragically dies after shocking 'shopping trolley rage' incident
Sewer study finds rise in hospital admissions following heavy rainfall
Emergency hospital admissions rise following heavy rainfall after a new study found consumers' drinking water can be contaminated by the release of untreated wastewater, increasing the risk for gastrointestinal illness.
UK opposes international ban on developing 'killer robots'

## US ##
Budget deficit rises to $53 billion in March
Nitrogen asphyxiation: The Dawn of a New Form of Capital Punishment
U.S. Senator Rubio tells donors he is running for president: source
Yawn. -- RF
Hillary Clinton: Class President Of A Failed Generation
330 Million Citizens And We're Down To Another Clinton And Another Bush
It's A Bush-Clinton World... And It's Your Job To Vote For Them
Deal or not, many U.S. states will keep sanctions grip on Iran
Another Police Killing Caught on Tape – Oklahoma Cop Shoots and Kills Unarmed Man in Tulsa
The new American retirement plan equates to working forever
Nonexistent nest eggs and most Americans are bad at planning as to how long they will live.
Retiring well? Not most baby boomers
* Only 60 percent of baby boomers report having any retirement savings
* 36 percent said they plan to retire at 70 or later
* 27 percent are confident they will have enough for retirement
The Changing World of Work I: America's Nine Classes
A very instructive piece on the direction taken by the evolution of American society. Even if you don't agree with the "nine classes" categories, the analysis of the emerging neofeudalist order is spot on. -- RF
Life term for 1 Blackwater guard; 30 years for 3 others
Parents in trouble again for letting kids walk alone

Saturday, April 11, 2015


News Links, April 12, 2015

## Global Ponzi meltdown/House of Cards ##
Bank Deposits No Longer Guaranteed By Austrian Government
Canada's mortgage wars hit new low as fixed rate dips to 1.49%
Euro's Reserve Status Jeopardized as Central Banks Dump Holdings
Australian Taxation Office axes 4400 jobs in 19 months
Shipping Industry Sinks Under Excess Supply
Milestones in Bond Insanity: Negative 10-Year Yield on Swiss Bonds, Mexico Sells 100-Year Bonds Denominated in Euros; Are 1000-Year Bonds Next?
IMF Chief Christine Lagarde Warns Of Mediocre Economic Growth In Emerging Markets
Pay Heed——Even GE Is Getting Out At The Top
German Factory Orders Drop for Second Month
Kuwait's Aayan seeks to reschedule debts worth $587m
Goldman Sees Many Iron Mine Closures as ABN Flags $40 Risk
Today's Money Regimes Are Doomed To Failure
Centrally issued money centralizes wealth and generates systemic inequality.

## Airline Death Spiral ##
Firms push high-tech solutions to fortify airport perimeters

## Fault lines/flashpoints/powder kegs/military/war drums ##
'Gulf states' biggest threat is from inside their own countries, not Iran,' says Obama
Germany Orders 100 Tanks To "Ensure Troops Are Ready To Respond To Russian Assertiveness"
Modi: India Orders 36 Rafale Fighters From France
Japan could turn Izumo into full carrier facing China threat: expert
Nordic nations agree on defence cooperation against Russia
China lurks as US ties with Thailand splinter, military experts say
Obama's big Caribbean trip is all about Venezuela and oil
Obama, Castro hold historic meeting, vow to turn the page
Iraq's Leader To Seek Arms, With Deferred Payment, On US Visit
Death Threats Over Tikrit Coverage Force Reuters' Baghdad Bureau Chief To Flee Iraq; Latest Sign Violence Against Journalists Is Rising
Islamic State attacks Iraqi provincial capital
Iranian Official Slams Global Powers for Hypocrisy on Nuclear Arsenals
Proxy War Crosses Border? Houthis Reportedly Clash With Saudi Troops Near Najran
Yemeni militiamen say captured two Iranian officers in Aden
Pakistan Parliament Rejects Saudi Call to Join Yemen War

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds defy ban to protest Saudi Arabia in Iran's capital
Protesters gather where Zion teen was shot by police

## Energy/resources ##
South Africa's Eskom turns off power to non-paying municipalities
Are ethanol's days now numbered?
Europe's Addiction to Russian Natural Gas to Continue
As Germans Block Danish Wind, a New Feud Tests Crisis-Weary EU
Who Will Control The World's Water: Governments Or Corporations?
Automakers Put Vehicles on a Diet, Consumers May Be the Winners
Russia and Greece to ink Turkish Stream gas pipeline deal within days - Greek minister
Iraqi oil production stops due to unpaid £140m bill

## Got food? ##
US Agribusiness, GMOs and The Plundering Of The Planet
Second case of feared banana disease confirmed in Australia
A second case of a destructive disease affecting banana plants has been confirmed in Australia, dashing hopes that a recently confirmed outbreak would be isolated and threatening the country's A$550 million ($423 million) sector.

Iranians Are Much Talked About on Sunday Morning TV, But Never Heard From

## Systemic breakdown/collapse/unsustainability ##
A $10 Billion Missile Defense System Gets Added to 'Government Waste'
A floating city looks energy-intensive and unsustainable to me. But what do I know? -- RF
I agree that QE is a disaster, but the prescription offered here seems to be growth, and how to achieve it (more people, higher productivity). Those days are finished. A higher population now just translates into more people destined for poverty and starvation. -- RF

Thursday, April 09, 2015


News Links, April 10, 2015

## Global Ponzi meltdown/House of Cards ##
The Coming $10 Trillion Loss in Paper Wealth
Swiss Government Becomes First Ever To Issue 10Y Debt At A Negative Yield
Once Over $12 Trillion, the World's Currency Reserves Are Now Shrinking
Greece makes IMF payment, gets bank funds, but doubts remain
Exhausted world stuck in permanent stagnation warns IMF
The global economy is acutely vulnerable to a fresh recession with debt ratios at record highs. The authorities have already used up most of their ammunition
Oil fallout: U.S. companies kill over 51,000 jobs
Walgreens will close 200 stores to cut costs
Cut, baby, cut! -- RF
China says Iran joins AIIB as founder member
Vietnam Shuns US, Joins Russia-Led Economic Union
Plastic Recyclers Reeling—–How Global Commodity Deflation Ripples Up The Supply Chain
The False Recovery Narrative: Even The Financial Times Is Shilling For The Money Printers
Robert J Gordon's Challenge To The Perpetual Growth Hypothesis—–Six Headwinds
Khazin: The global recession will exceed the Great Depression by 2.5 times
Here's one reason Vladimir Putin may be smiling

## Airline Death Spiral ##
Airplanes Avoid French Skies, Hundreds Of Planes Grounded Due To French Air Traffic Strike
Airbus eyes new seating configurations as economy traffic booms
Airports look beyond flight fees to boost revenues
US Regional airline restructuring Part 2
EU was looking into airline safety regulations prior to Germanwings crash in the French Alps
European Union authorities were looking into German airline safety procedures on "a number of issues" well ahead of the March 24 Germanwings crash after a standard inspection by its aviation safety agency questioned some procedures, an official told The Associated Press Wednesday.
Squeeze alert: Airbus touts 'Budget Economy' airplane seating
AP investigation details perimeter breaches at US airports
Airlines focus on mid-air medical treatment as diversions cost a lot
Frontier leads airline complaints as fliers left hours on hold

## Fault lines/flashpoints/powder kegs/military/war drums ##
As U.S. Resumes Military Aid To Egypt, Reports Show How Little We Know On How It's Being Used
With Refugee Camp, ISIS Just Three Miles From Assad's Palace
Sheikh Abdullah: UAE will not rule out ground troops in Yemen
Israel's Unsavory New 'Allies'
The American people, who still want to stop Al-Qaeda and the Islamic State, are only dimly aware that longtime U.S. "allies" – Israel and Saudi Arabia – have shifted into an effective alliance with those Sunni jihadists as part of their regional war against Iran and Shiite Islam.

## Global unrest/mob rule/angry people/torches and pitchforks ##
China Labor Unrest Prompts Official Call For 'Harmonious' Approach
Pakistan orders Islamabad shops to close early to save energy
After ordering summer dress code and switching off air-conditioners in offices, the Pakistani government has reintroduced a plan to beat the energy crisis in Islamabad - shops and restaurants must close earlier.

## Infrastructure scavenging ##
Roadshow: Copper thieves mess up 17-85 traffic
Axe-wielding cable thieves threaten rail workers

## Got food? ##
Plummeting sardine numbers could prompt U.S. West coast fishing ban
Sabra hummus recalled on listeria concerns

## Lifestyle Solutions ##
Chasing the Dollar, Or Doing Our Own Thing

## Environment/health ##
'Everyday disasters' driving flight from Sundarbans

## Propaganda ##
Hyping the Iranian 'Threat'
Iran hasn't invaded another country for centuries and is helping the U.S. push back against the Islamic State in Iraq, but Israeli leaders and American neocons want to enlist the West in the Saudi cause of promoting Sunni Islam over Shiite Islam, while America's interests suffer.
Political Smears in U.S. Never Change: the NYT's 1967 Attack on MLK's Anti-War Speech
Be forewarned that the world's leaders will make every effort to maintain socioeconomic systems at their present energy level, thereby leading to catastrophic collapse instead of graceful decline. -- RF
The world faces a major challenge in adapting to the radically reduced energy supply, which may mean that it will be able to support no more than about half its present population by the end of the century.
This does not signal a recovery . Rather, it shows that the dust has settled after the shakeout following the 2008 crash and the 3/11 earthquake/tsunami. We are experiencing a respite until the next crash. -- RF
Over half of new investors only have a junior high education or less and the Shanghai Composite is up 100 percent in one year.
China Turns to the Sea for Fresh Water
We Traveled Across China and Returned Terrified for the Economy
China's steel and metals markets, a barometer of the world's second-biggest economy, are "a lot worse than you think," according to a Bloomberg Intelligence analyst who just completed a tour of the country.
A tunnel through Mount Everest? Ain't gonna happen. -- RF

## UK ##
Teachers warn of 'Victorian' poverty among pupils
Teachers say they are seeing "Victorian conditions" with pupils arriving at school hungry and not wearing the right clothes needed for the weather.
Crime victims waiting up to 50% longer for 999 calls to be answered
Keeney regularly fills up his 2,500-gallon water tank truck from a city-owned fire hydrant in Clovis, a city northeast of Fresno. He charges customers $200 to $500 for a truckload of water, delivered, and the cost he pays for the water is a mere "five bucks to load."
More cities and states have realized that poverty can be a profit center. Not for poor people, of course, but for government treasuries and for private companies hired to handle the influx into the criminal justice system of people whose only crime was the inability to pay a traffic ticket or a misdemeanor fine.

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