Wednesday, November 19, 2014

 

News Links, November 20, 2014

## Global Ponzi meltdown/House of Cards ##
3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
What do we do when the bubble economy cannot be reflated?
Half Of Liberian Workforce Not Working Due To Ebola Virus: World Bank
Peugeot plans to cut 3,450 French jobs in 2015: sources
Cut, baby, cut! -- RF
EU to Japan: Drink more beer
Such demands show what is wrong with the consumer system. People can only consume so much, for various reasons, and there is already appalling waste. No new ideas? -- RF
Fed focused on sunny side, downplayed global woes in October
The U.S. Federal Reserve wrestled with whether to nod to financial market volatility and a weakening global economy in its policy statement last month, but opted not to out of worry it could send an unwarranted signal of pessimism.
God's regift? Pope Francis raffling off gifts to him to benefit the poor
As The "Sanctions War" Heats Up, Will Putin Play His 'Gold Card'?
Global Cooling Alert: Iron Ore Tumbles 47% In 2014, At 5-Year Low
Rich hoard cash as their wealth reaches record high
AUSTRALIA GOLD EXPORTS TO CHINA: Two-Thirds Of Its Gold Mine Supply

## Airline Death Spiral ##
9 airports where flying is about to get a lot worse
Security lines that snake along endlessly, significant flight delays, lost luggage, sullen and overworked gate agents. These are just some of the nightmares that flyers experience at airports when they travel on the Wednesday before Thanksgiving, the busiest day of the year for airports, thanks to passenger volumes that are between 108-259% higher than the average day. And soon, that may be an everyday occurrence at airports.
Airplane Ticket Prices On Rise Despite Lower Jet Fuel Costs
JetBlue reduces legroom, adds bag fees
Indonesia's flag carrier expects full-year loss
Here's why airline insurance rates are going up next year
Malaysia's AirAsia X to brake capacity expansion, cut flights after third-quarter loss

## Fault lines/flashpoints/powder kegs/military/war drums ##
Rare car bomb in Irbil, Kurdish Iraq's capital, targets governor's compound
Baghdad Sends $500 Million To Kurdish Officials To Ease Oil Tensions
Islamic State 'outbidding' al-Qaida in South Asia
Isis has enough weapons to carry on fighting for two years, UN warns
Terror financiers are living freely in Qatar, US discloses
After 13 years, 2 wars and trillions in military spending, terrorist attacks are rising sharply
Iran seeking Saudi help in nuclear talks with West
Russia Wants Guarantees Ukraine Won't Join NATO
Russia's relations with Hungary warm as ties with West chill
While the Ukraine crisis is straining ties between many EU capitals and Moscow, Hungary - which relies heavily on Russia for natural gas supplies - is enjoying a rapprochement with the Kremlin.
Hungary says South Stream pipeline only way to ensure gas supply
Russia And China To Conduct Joint Naval Exercises In The Mediterranean And Pacific In 2015
Russia shifting foreign policy focus to Asia-Pacific
France 'blocks' Russian sailors from boarding warship
Amid a growing diplomatic crisis between Vladimir Putin and the rest of Europe, hundreds of Russian sailors have reportedly  been prevented from boarding a warship built for them in western France.
This Is What Is Really Taking Place Behind The Scenes Of The Second US-Russian Cold War
Report Finds Gulf States Unstable Despite Resource Wealth
Russia loosens gun laws to allow people to carry rifles
Whispers about Russia's so-called 'satellite killer' grow louder

## Global unrest/mob rule/angry people/torches and pitchforks ##
St. Louis Police Forum Urges Civilians To Get Guns
As America nervously awaits potentially violent demonstrations following a grand jury's expected decision about whether to indict Ferguson, Missouri, police officer Darren Wilson, a St. Louis police forum saw calls for civilians to arm themselves against protesters.
Very clever. Calling for the public to arm themselves against protesters (who are also the public) makes the protesters look like criminals and also divides the public into two groups and drives a wedge between them. -- RF
Ferguson Grand Jury Decision Sparks Rush To Hire Security Guards
A Fifth Person Dies After Attack At Jerusalem Synagogue
Tens of Thousands in Athens Commemorate Revolt Against US-Backed Military Dictatorship
Hungary Public Outrage Day: 10,000 Hungarians Protest Against Corruption, Orban Government
Students clash with police in central London, in pictures
Ireland cuts planned water charges in bid to quell protest
Taxi drivers stage park-in protest at SFO airport
District Thai: 'Hunger Games' Comes to Life in Defiant Salute to Coup Leader

## Energy/resources ##
Gulf Of Mexico Deepwater Reserves May Have Been Overestimated
The truth about fossil fuel subsidies
What Blows Up First—–Shale Oil Junk Bonds
The future of energy: You may be walking on it
Although presented as wondrous gadgets that will carry us forward into a Glorious Technological Future, efforts in this direction at this stage are actually a sign of desperation. Needless to say, there's nothing wrong with efficiency or recovering waste heat, but proponents are underestimating the scale of industrial civilization. -- RF
Solar farms will still need subsidies far beyond 2020, industry admits (UK)
Solar Trade Association says large solar farm will need subsidies until 2025-2028, despite claiming last month that all solar panel projects could be subsidy-free by 2020
South Africa's latest power struggle: unpaid bills
Biggest U.S. power grid PJM hits monthly record due to cold snap
Middle East violence pushes oil prices up
Cheap Electricity for Poor Squeezing Out Solar in India
Directorate: Oil Firms Demand Excessive Returns Offshore Norway
Oil companies in Norway are frequently demanding excessive returns on their investments, raising the risk that some oil will never be produced, Bente Nyland, the director of the Norwegian Petroleum Directorate said.

## Got food? ##
Iraq: ISIS Stole 1 Million Tonnes of Grain From Captured Territory

## Environment/health ##
Don't rake your leaves, scientists say
Don't stop there. Let's also get rid of monoculture lawns. -- RF
Sicker seniors: US lags on elder health vs. other nations
UN Calls for 'Fast-Track' Approach to Combatting Worldwide AIDS Epidemic

## Intelligence/propaganda/security/internet/cyberwar ##
NSA Surveillance To Continue: Senate Votes Against USA Freedom Act
WhatsApp encrypts messages from beginning to end
University of Rhode Island Removes Gruber Video After It Goes Viral
The University of Rhode Island (URI) removed a video of Obamacare architect Jonathan Gruber discussing how he exploited the American people.
Fusion Centers are spying on innocent Americans & have virtually no oversight
Push for cashless payments in developing nations
This is important because it will allow governments and corporations to track all purchases and eliminate privacy. Further, the increased use of credit cards is important because propping up the Ponzi economy requires finding more and more new people to take on debt. Ultimately the cashless economy will fail because the electric power supply and internet will become unreliable.  -- RF

## Systemic breakdown/collapse/unsustainability ##
Growth: the destructive god that can never be appeased
The blind pursuit of economic exapansion stokes a cycle of financial crisis, and is wrecking our world. Time for an alternative.
Neo-Feudalism Has Officially Arrived – Congressman Suggests Building a Moat Around White House
Long-time readers know that I have been observing the transformation to neo-feudalism. Here again, I am not the only one. It's so obvious now that even the most casual observer can see what is happening. -- RF

## Japan ##
Why Japan's Money Printing Madness Matters
The Abenomics death spiral
Japanese Trade Deficit Streak Hits Record 44 Months, Yen & Stocks Decoupling

## China ##
China's Central Bank Makes Even the Heroic Fed Look Like a Bunch of Amateurs

## UK ##
British Wind Farms Generate More Electricity Than The Grid Can Handle
Campylobacter contamination found in over half of UK's fresh chicken
Controversial benefit sanctions driving more young people to homelessness, charity warns
Government dismisses study linking use of food banks to benefit cuts
Research calls for changes to Britain's increasingly threadbare social security system to stop people falling into poverty
Students' attempt to storm Tory party HQ thwarted by riot police

## US ##
Welcome to the Recovery Part 2 – Washington D.C.'s Homeless Population Expected to Rise 16% in 2014
Citi banker found dead in luxe apartment with throat cut
The growing danger on Main Street: Shadow banking
Dollar General, Family Dollar still in talks with FTC
The New York Post reported that Dollar General may have to divest more than 4,000 stores to win approval for a deal or be forced to raise its $80 per-share bid.
San Diego Approves $3.5B Recycled Water Project
Racial gap in U.S. arrest rates: 'Staggering disparity'
Salt shortage again? Here's your play
Forest Service OKs Fracking in Largest National Forest on East Coast
Financial Fraud 101: DOE's Phony "Profits" On Green Energy Loan Boondoggles
21 Facts That Prove That Dependence On The Government Is Out Of Control In America
Crime-Fighting Robots Go On Patrol In Silicon Valley


Tuesday, November 18, 2014

 

News Links, November 18-19, 2014

## Global Ponzi meltdown/House of Cards ##
'Red warning lights' flashing for global economy
"$1.6 Trillion in Defaults Coming," Legend Says
Disappointment Becomes Norm for Global Growth as Japan Contracts
"Mystery of the Unexpected" Explained; Japan Slides Into Recession Yet Again; Blue Ribbon Panel in Review
Reading Mish is so refreshing. If only more people had his honesty and outspokenness. Indeed, there is nothing "unexpected" about Japan's crashing economy. Why anyone would believe that Abenomics or any of its variants around the world could fix anything is totally beyond me. -- RF
Tiger Economy Loses Its Roar as Thailand's Exports Slump
Thailand is heading for a second straight year of slumping exports, something the onetime tiger economy hasn't experienced in at least two decades.
Australia, China Agree Landmark Free Trade Deal
French shops to open on Sundays to revive flagging economy
Belgium new sick man of Europe on debt-trap fears
New accounting rules have revealed that Belgium is poorer than previously thought
G20's new growth plans suspiciously long in the tooth
"Debt Trap" Nonsense; Eurosceptics on Rise; Demise of the EU: "Soon There Won't be a Europe" Says Telegraph
Global Gold Demand Is Overwhelming Supply
Report: Iran Opens Gold Plant, Doubling Production
Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"
Standard Chartered to close MidEast branches
The global lender announced on Tuesday that it would shut down the branches across the Middle East, Africa and Asia as it attempts to shore up profitably. Standard Chartered had 1,248 branches across the world in June, with more than 10 million customers in 34 countries.
Sears Canada loss doubles to $118-million, while sales fall almost 10%
Crooks Blow Up ATMs in Crimes Leaving Chileans Stuck in Line
Here We Go Again: Demand For Subprime Debt Is "Out Of Control"
Great Graphic: Shifting Center of World Economy
Job seekers in S. Korea face bleak outlook in 2015
According to private think tanks on Friday, the country's job market will likely decline next year, with Samsung, Hyundai and other large groups planning to reduce the number of recruits to cope with sluggish conditions.
Australian Broadcasting Corp budget cut could lead to 500 job losses by December
Verizon Said to Plan About 1,000 Job Cuts Through Buyouts

## Airline Death Spiral ##
Air traffic timelapse: untangling Britain's plane-filled skies
Why airfare keeps rising despite lower oil prices
United Pushes Frequent Flyers to Use Miles for Airport Food, Booze
What can't you buy with frequent-flyer miles these days? From kitchen gadgets to charitable contributions to all-inclusive vacations, airlines have been pushing an expanding menu of rewards—anything to avoid giving away more free flights.
Investigators Exclusive: Newark Airport runway incursion radar malfunctioning
Airlines need to accept their role in creating air rage
Frontier blames rising taxes, landing fees for Denver job, flight cuts
Flight Crowding No Justification for 'Knee Defender' in Poll
Japan to introduce facial recognition system at airports in FY 2017
Fewer paying customers have Singapore Airlines scrambling to adjust
Airlines oppose higher airport fees for passengers

## Fault lines/flashpoints/powder kegs/military/war drums ##
Another Russian Military Plane Intercepted Over Baltic By NATO Jets
Kissinger Warns "We Need A New World Order"; Ukraine Should Forget Crimea & NATO
The 'Caliphate's' Colonies: Islamic State's Gradual Expansion into North Africa
Mossad-Backed Jundallah Pledges Support for ISIS
ISIS Militants Have Army of 200,000, Claims Senior Kurdish Leader
The Islamic State (Isis) has recruited an army hundreds of thousands strong, far larger than previous estimates by the CIA, according to a senior Kurdish leader. He said the ability of Isis to attack on many widely separated fronts in Iraq and Syria at the same time shows that the number of militant fighters is at least 200,000, seven or eight times bigger than foreign in intelligence estimates of up to 31,500 men.
Militant attack deaths soar to all-time high: report
The number of people killed in militant attacks worldwide jumped more than 60 percent last year to a record high of nearly 18,000 and the figure could rise further in 2014 due to an escalation of conflict in the Middle East and Nigeria, a report showed on Tuesday.
SIGAR: Pentagon's Economic Development in Afghanistan 'Accomplished Nothing'
The US Special Inspector General for Afghanistan Reconstruction (SIGAR) says he is investigating the Pentagon's efforts to spark that country's economic development, which cost between $700 million and $800 million and "accomplished nothing."
The Neocons' Nefarious Agenda—–"Regime Change" Everywhere
Churches Wrecked, Men Hide in Trees in Nigeria's New Caliphate
Tanzania evicting 40,000 people from homeland to make room for Dubai royal family
40,000 Masai people will be evicted from their homeland in Tanzania, because the Dubai royal family has bought it with the intention of using it as a reserve to hunt big game.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Over Mexican Missing Students: Riots In Mexico Rage Ahead Of Planned Strike
As readers know, I have long maintained that decommissioning costs will be far greater than estimated, and that economic collapse will mean that hardly any money is available for the purpose. Ultimately, decommissioned plants and their deadly wastes will perforce be abandoned, with everyone simply hoping for the best. Nuclear reactors still commissioned and running when it's too late to decommission them will likely melt down and explode, a la Fukushima, while spent fuel pools will boil away their water and similarly end in fireworks. If you live downwind of a nuclear facility, too bad for you. But likely so many nuclear facilities around the world will come to disastrous ends that the entire globe will be irradiated. It's going to be an unmitigated disaster. Have a nice day! -- RF
Sprawling across roughly 5 square miles of federal desert near the California-Nevada border, the Ivanpah Solar Electric Generating System opened in February, with operators saying it would produce enough electricity to power a city of 140,000 homes. So far, however, the plant is producing about half of its expected annual output for 2014, according to calculations by the California Energy Commission.
For various reasons, renewables won't be enough to sustain industrial civilization. But I hope more renewable infrastructure will be built now, in a bid to keep the lights on a little longer. -- RF
Water is the biggest output of U.S. oil and gas wells: Kemp
The biggest product of the U.S. petroleum industry is not oil, gas or condensate but water -- billions and billions of gallons containing dissolved salts, grease and even naturally occurring radioactive materials.
Kurdistan And Baghdad Make Interim Oil Deal

## Environment/health ##
Punishing a Professor's Criticism of Israel
Criticism of how Israel treats Palestinians has become a firing offense in some circles, including academia where professors must muzzle themselves or face accusations of anti-Semitism. In the case of Steven Salaita, Twitter posts about Gaza cost him his job.
Santiago's public transport system at full capacity - Bachelet
Santiago's public transport system is operating at full capacity, Chilean President Michelle Bachelet said. Her comments come after a power failure resulted in the closure of three key metro lines on Friday – leading to the worst service disruptions in the subway network's history. Hundreds of thousands of passengers were affected. And on Monday morning passengers faced disrupted journeys again following a separate incident, this time involving trains' control systems.
The Collapse Of The Bronze Age - Climate Change Didn't Do It
Cost to Develop a Drug More Than Doubles to $2.56 Billion
It costs drugmakers $2.56 billion to bring a new medicine to market, on average, more than double the price of 11 years ago, according to a study released today.
While no final decision has been made on this (as is evident from the original Japanese article), it wouldn't be the first time the government has handed out free money in a bid to spur consumption. -- RF

## China ##
Haixin Enters Bankruptcy Proceedings Amid Steel Industry Woes
Haixin Iron & Steel Group, an unlisted Chinese steelmaker that halted production in March because of a capital shortage, started bankruptcy proceedings, making it the largest mill in the nation to enter the procedure.
Sinopec to spend billions to handle oil pipeline safety problems
Will young Brits ever be able to buy their own homes?
David Cameron: Europe's poor growth rates are cause for concern
In a bleak assessment following the G20 gathering of international leaders in Brisbane, Mr Cameron warned a fresh global economic disaster could be looming as he urged Britons to back his plan to ensure stability in the UK.

## US ##
Why Washington's Fiscal Math Doesn't Work: 60% Of Households Get More Benefits Than They Pay In Taxes
Nearly half of Florida households are struggling financially, United Way reports
Nearly half of Florida households do not earn enough to pay for basic necessities, according to a report released Tuesday by the United Way that seeks to cast a light on the large group of state residents who struggle financially but do not meet the official criteria for being in poverty.
New Icy Blast to Bring More Freezing Temperatures, Snow
Winter Whack: Nation Faces Arctic Chill; Almost 6 Feet of Snow Forecast Near Buffalo
National Guard deployed to help dig out Buffalo
Heating costs heading up as cold grips nation
Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules
How almonds are sucking California dry
Illinois Pension Debt Soars To $111 Billion
Chicago's Per-Capita Pension Debt, Visualized (Gulp!)
Another Hidden Fiscal Time Bomb: Pension Guarantee Fund $62 Billion In Red
The federal government's safety-net program for private pensions is running a near $62 billion long-term deficit, largely due to long-standing problems in a type of pension plan that is common in transportation, construction and some other industries, according to a new report.
The real Clinton story: 2000
President Clinton declares "National Character Counts Week," issuing a proclamation that reads in part: "The character of our citizens has enriched every aspect of our national life and has set an example of civic responsibility for people around the world."
The real Clinton story, 2001-2008
This is Why Rand Paul is Hilary Clinton's Worst Nightmare
Tuition slowdown hits state higher ed budgets
The mega inflation in college tuition
Since 1985 college tuition costs have soared by 538 percent. No surprise that total student debt is now over $1.22 trillion.
Prepare for another winter nat gas spike: Expert
Japan recession could slow some US companies
These CEOs make more than their companies pay in corporate taxes

And finally...
Study: 10-second kiss enables transfer of 80 million bacteria
"Vape" is word of the year


Sunday, November 16, 2014

 

News Links, November 15-17, 2014

## Global Ponzi meltdown/House of Cards ##
World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll
Italy's Crazy New Economy from Hell
Italy Remains In Recession As Germany Avoids Triple-Dip By Smallest Possible Margin
Beppe Grillo Seeks Referendum to Abandon Euro, "At War with ECB Scum, Not ISIS or Russia!"
Battered, Greece faces years to recoup recession
France Fesses Up: "Deficit in 2014 Much Higher than Expected", Budget Needs Revisions Yet Again
Q3 GDP Shows Europe Still Dead-In-The-Water——-And The Credit Markets Show It
The $375 billion Europe wants to invest but doesn't have
The Unfolding Economic Crisis in Europe
It's Not Just Japan That's Failed; The "Asian Miracle" Model Has Also Failed
The Desperate Suicide of Competitive Devaluation
Each Nation State in the Far East is now completely compelled to competitively devalue in tandem, in order to maintain export market share, in a desperate attempt to avert their outbound container super ship cargoes from running westwards on empty.
Russia moves away from dollar, embraces Chinese currency
Direct transactions between the Russian and Chinese currencies amounted to $5.2 billion in October, up from $307 million in September, the Chinese central bank's China Foreign Exchange Trading System reported.
Gold Wars: Putin's Mining Buddies Are Stepping Up The Plate
Dollar Dump Sparks Safety Scramble For Bonds & Bullion
The Keynesian Anti-Gold Clamor—–Another Contrarian Indicator
Glencore shuts down coal mines for three weeks
Australia's biggest coal exporter Glencore will suspend its Australian coal business for three weeks in a move never before seen in the Australian market, to avoid pumping tonnes into a heavily oversupplied market at depressed prices.
Demand destruction growing around the world. -- RF
Jim Rickards says the world is in a depression
G20 Aims To Boost Its GDP 2% By 2018
Good luck! -- RF
The NAFTA Connection: The Role of "Free" Trade in Mexico's Tragic Travails
The events prove what had long been common knowledge – namely that the federal government and local authorities have been infiltrated and in some cases replaced by organized crime cartels.
The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed
US/India WTO Agreement: How Corporate Greed Trumps Needs of World's Poor and Hungry
Insider: How much does it really cost to be a socialite in Dubai?

## Airline Death Spiral ##
Pilot shortage affecting regional airports
TSA orders desktop explosive trace detectors
Air India cabin crew shortage causes flight delays
Flyer charged $1,200 for airplane access to email
EU Commission clears Etihad's 49 pct buy of Italian airline Alitalia
Ailing Philippine Airlines seeks new investors
Travel Scene: Good grief — airlines have buried bereavement fares
Trouble in Southeast Asian skies

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kiev Effectively Cedes East Ukraine to Separatists; Poroshenko Withdraws Hospital and School Funding, Bank Card Operations
Ukraine Bank Runs Begin As Poroshenko Plans To Sever Socio-Economic Ties With Separatist-Held Regions
Airstrikes Fail to Slow ISIS' Iraq Killing Spree, Database Suggests
Islamic State driven from Baiji, Iraqi oil town
Iraq needs 80,000 good troops to retake lost territory: U.S. general
Top US General Makes Unannounced Trip to Iraq
U.S. forces already advising Iraqi forces in Anbar province
Graph of world wars by number of dead and duration of conflict shows how war is very much not behind us
Well, of course. War is hard-wired into the system, so what do people expect? -- RF
Danger zone: Chasing West Africa's pirates
Mexican soldiers face charges, but not officials who tried to hide massacre
Egyptian President Sisi Surrounded By Sinai Militant Attacks, Fighting In Libya And Rise of ISIS
Sweden Submarine Incursion: Country Releases Sonar Image As Proof Of Foreign Submarine Incursion
Russia sees chance of deal at nuclear talks with Iran
The era of global government?
Here at the G20 summit, leaders representing 85% of world GDP are meeting in Brisbane, Australia.
"Russia Back to Superpower Status"
Russia to place GLONASS monitoring stations in China
The Russian Space Systems company, a leading Russian enterprise in design, production and operation of space information systems, has unveiled plans for deploying several GLONASS satellite navigation system monitoring stations in China.
Final effort in US-Iran nuclear talks could settle 35 years of enmity and help defuse Middle East
If America and Iran settle the nuclear issue, they will have overcome 35 years of poisonous confrontation that began with the Iranian revolution in 1979.
Wrong. It began in 1953. But there's your typical Western media propaganda. -- RF
Scots Nationalists Ready for New Battle as Support Surges
South Korea to Hold Drills on Islets Claimed by Japan
U.S., Japan, Australia agree to deepen security ties
EU considering 'sanctions' against Israel over settlements

## Global unrest/mob rule/angry people/torches and pitchforks ##
'History In The Making': Workers Hold First Sit-Down Work Action Targeting Walmart
23 labor protesters arrested outside Wal-Mart in Pico Rivera
Occupy Central: Hong Kong Student Protesters Book Flight To Beijing
Italian cities hit by 'social strike' protest
Demonstrators across Italy protested an assortment of problems besetting Italy, with violence and vandalism reported.
Protesters plan shutdown of Clayton, Mo., after grand jury finding
Ferguson protesters decry report officer Wilson may return to work
Ku Klux Klan Threatens 'Lethal Force' Against Ferguson Protesters
Global political unrest hits high end homes in London, says Barratt
Greek police used tear-gas against student protesters in Athens
Water Unleashes a Rebellion in Relentlessly Rainy Ireland
Mexico protesters torch state congress over kidnapped students

## Energy/resources ##
Shale drilling bust: Cheap Debt And Shale Oil Don't Mix: Why Carnage Is Coming In Energy Junk Land
The nexus of zero rates, resource misallocation, and risk on has favoured shale oil. But the drop in oil prices will call many of these projects into question precipitating a high yield energy funding crisis and a panic dash for the exits. There will be carnage and the question will be whether this carnage causes contagion into other markets.
Shale Oil: Expensive, Over-Hyped, & Short-Lived
Did Russia and China just sign a death warrant for U.S. LNG exports?
Wood Mac: Gulf of Mexico oil production fades
Energy consultant group Wood Mackenzie said it expects U.S. Gulf of Mexico oil production to enter a period of decline after peak output is reached in 2016.
Offshore wind industry races to cut costs as subsidies drop
As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18 months - a blow to the European offshore wind industry which employs nearly 60,000 people.
Moderate oil prices aid environment by making dirtiest forms of extraction too expensive
Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous projects to squeeze oil out of the tar sands of Canada are being shelved. Maybe low oil prices are not so bad for the environment after all.
KPMG: Thought Leaders Discuss Challenge of Energy Industry's Talent Gap
"Help wanted." That is an increasingly common refrain from oil and gas companies facing worker shortages that threaten to grow more severe amid growth in the industry from activity in shale formations, and from an exodus from the industry as older workers retire.
Ukraine likely to buy around 1 bcm of Russian gas by end-2014
India Must Spend $250B by 2019 to Meet Its Power Needs

## Infrastructure scavenging ##
Eight who allegedly stole copper cables and caused major water shortages, to appear in court

## Got food? ##
Syria's opposition warns of upcoming food shortage
How much will Thanksgiving Day staples cost you this year?
Former NFL center Jason Brown shares his harvest
Jason Brown, a former standout in the National Football League and at UNC-Chapel Hill, quit football because he wanted to feed the hungry.
The world's biggest chocolate-maker says we're running out of chocolate

## Environment/health ##
Ebola worries ebb in Liberia, but rise in Mali
How Ebola Exposes Diminishing US Investment in Public Health
10th Ebola Patient Headed to U.S. for Treatment
Mali Tries to Track 200 Contacts After New Ebola Cases
As Ebola fight grows, some countries are noticeably absent
Ebola Patient In Nebraska: Dr. Martin Salia 'Critically Ill,' In Worse Condition Than Other US Ebola Patients, Hospital Says
Bird flu strain which can be passed to humans detected in Holland
Unexplained, polio-like illness has paralyzed 75 kids (US)
An unexplained, polio-like illness has now affected 75 children across the country, according to the Centers for Disease Control and Prevention.
Fracking Boom Spurs Demand for Sand and Clouds of Dust
Fighting a fungus that's killing America's wild snakes
Chemicals in sunscreen could cause infertility
Rat poison chemical found in pills linked to India sterilization deaths
U.S. judge upholds BP 'gross negligence' Gulf spill ruling
Eels face the slippery slope to extinction
Cannabis can help cure brain cancer, research finds

## Intelligence/propaganda/security/internet/cyberwar ##
Venezuela's Ruling Party Announces Phone Number And Email Address For Denouncing 'Infiltrators'
Google Glass future clouded as some early believers lose faith
AT&T stops adding Web tracking codes on cellphones
Justice Department Admits It Misled Court About FBI's Secret Surveillance Program
Behind Closed Doors, Ford, UPS, and Visa Push for Net Neutrality
RedHack hacks into Turkey's Electric Distribution company website, delete bills worth 1.5 trillion Turkish Lira
As New War Rages, Study Finds, Mainstream Media Silences Debate
US Calls Russian Claims On MH17 Photo 'Preposterous'
No more preposterous than America's cockamamie story about the OBL killing. -- RF
US State Dept computers hacked, email shut down
Nine of the biggest myths that people believe about the system
Number of U.S. Data Breaches at Record Annual High

## Systemic breakdown/collapse/unsustainability ##
Why America's biggest grocer has trouble keeping its shelves freshly stocked
Rural hospitals in critical condition (US)
Hagel Announces Reforms to Nuclear Forces After Spate of Problems
Explosion of new pathogens in NYC rats; 'public health nightmare' unfolding
Debt, Propaganda And Now Deflation
U.S. military readiness for war, competitive edge worsening: officials
Police expert: War on terror has turned our cops into occupying armies — and we're the enemy

## Japan ##
Why Japan Is Such a Dangerous Place to Put Your Money Right Now
Highly pathogenic strain of bird flu virus detected in Shimane Prefecture
Beef bowl chains struggling to survive
Gyudon beef bowl chains, which once saw rapid growth amid the nation's prolonged deflation, are now struggling to survive amid a labor shortage and soaring beef prices.
20 prefectures set targets for birthrate, no. of newborns
Local governments use subsidies, video games to raise birthrate
There is a desperate belief that having more people will revive the crashing industrial system. -- RF
Government to delay consumption tax rate hike to 2017

## China ##
Disgruntled power station workers cause blackout in Henan
China's Newest Recipes For Solving Its Xinjiang Problem: Work Placements And Mixed Marriage Incentives
China Falters Again, Sell-Side Whines For More "Stimulus"
China's anti-corruption crackdown takes a bite out of Macau
China Bad Loans Jump Most Since 2005 as Economy Cools

## UK ##
Engineering sector facing a skills shortage which has not improved for five years
M25 road collapse: heavy rain causes nationwide chaos - as it happened
UK to stop its citizens seeing extremist material online
John Major Sees 50% Chance UK Leaves EU, Sides With Cameron on Need for Immigration Reform
2014 on track to be one of the wettest years on record

## US ##
The New Congress Could Finally Fix Our Crumbling Infrastructure
Our dams are aging. Water pipes leak and burst. One in four Americans lives within three miles of a hazardous waste site. The aerospace system is overtaxed, inland waterways haven't been worked on in decades, and 45 percent of households lack access to public transit. All told, the country needs $3.6 trillion in investment to bring it all up to par.
No matter who takes power, nothing will change. There are also those who argue that this is not a problem because spending on infrastructure in the US has not decreased, and is actually higher as a percentage of GDP than in some other countries. Nevertheless, the state of America's infrastructure isn't getting any better, and that's because, as observed previously, the cost of energy is now far higher than when much existing infrastructure was built. Therefore, even if a larger budget is allocated to infrastructure, less work can be done. Keep watching as the cracks spread and the weeds grow.  -- RF
The Iraq War's Pricy Ticket
For American taxpayers, the Iraq War is a gift that keeps on taking, with new plans to spend tens of billions of dollars to retrain the Iraqi army whose initial training cost tens of billions before the army collapsed against a few thousand militants.
Wealth Inequality Is Approaching Its Roaring '20s Peak
Home Ownership Unaffordable For Most Americans As Wage Growth Stagnates: Report
Less than half of U.S. cities are affordable for people who earn a median income
The Unforgiven: How College Debt Is Crushing a Generation
Corporate Profit Margins vs. Wages in One Disturbing Chart
The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally
Glenn Greenwald on Hilary Clinton: "Soulless, Principle-Free, Power Hungry…"
The real Clinton story: 1994
The real Clinton story: 1995
The real Clinton story: 1999
Trump Taj Mahal Casino Resort files for closure
Record-Breaking Cold Spreads Across the U.S.
Winging it through retirement: 30 percent of Americans have no retirement savings.
Nearly half of us are dangling on the edge of financial ruin
Cost of coverage under care act set to increase
More wintry weather expected across the U.S.
The Real Reason For America's Collapsing Labor Force
Consumers Are Broke: 2014 Heading For Second Worst Retail Sales (Ex-Autos) This Century
California pension funds are running dry
As Gas Prices Drop, America Resumes Big Car Love Affair
5 things that used to be free (but aren't anymore)
2016 US Defense Budget Could Be $60B Over Spending Caps

And finally...
Man arrested for breaking into woman's hotel room, spanking her with shoehorn (Japan)
Naughty! -- RF
Voter turned away after he is told he is dead (US)
Net neutrality explained by...porn stars


Thursday, November 13, 2014

 

News Links, November 13-14, 2014

## Global Ponzi meltdown/House of Cards ##
Spreading deflation across East Asia threatens fresh debt crisis
Factory gate prices are falling in China, Korea, Thailand, the Philippines, Taiwan and Singapore. Some 82pc of the items in the producer price basket are deflating in China. The figures is 90pc in Thailand, and 97pc in Singapore. These include machinery, telecommunications, and electrical equipment, as well as commodities.
Next Phase in Currency Wars: Yen Plunge, Yuan Devaluation, and "Tidal Wave of Westbound Deflation"
Why the Rising U.S. Dollar Could Destabilize the Global Financial System
Ukraine economy in 'free fall,' banking group says
Marc 'Dr. Doom' Faber: I will soon be proven right
U.S. Companies Now Stashing $2 Trillion Overseas
Here Comes The Surplus Chinese Steel Flood: It's Massive Malinvestment Will Deflate The Entire Global Economy
Singapore to Face Fire Sales With Home Curbs, Developer Says
Singapore's housing market may face "fire sales" with mortgage defaults as the government's property curbs hurt home sales and prices, the city-state's second-biggest developer said.
Kazakhstan To Use National Fund For Oil Price Damage Limitation
Mega Banks Are Fined for Foreign Exchange Rigging – Now It's Back To "Business as Usual"
S&P to surpass 2,100 this year: Fundstrat's Tom Lee
U.S. firms lower China expectations as growth slows, scrutiny rises
Banker Enclave Rises as Poor Kicked Out of Sydney Harbor Homes
Russia to launch alternative to SWIFT bank transaction system in spring 2015
Russia Invests In Gold, Buys 55 Metric Tons To Brace Central Bank
Jim Rogers: By the end of this decade US dollar will lose world dominance
Europe's Next Energy Crisis Is Now Assured
Today, Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It's now increasingly clear that 2018 will mark the beginning of the end for any hopes Europe had of returning to robust economic growth.
Obama's Secret Treaty Would Be The Most Important Step Toward A One World Economic System
Venezuelan Bonds Are Collapsing, FinMin Denies Devaluation Looming
India's plan to stop importing coal deals another blow to Australia
Korean Officials Under Fire After Mentioning a Tax on Being Single

## Airline Death Spiral ##
Drone sightings up dramatically
Bankrupt SAA told to hire recovery experts
Air Berlin PLC share price down, revenue falls as it warns of wider net loss
PeoplExpress Faces Eviction from Newport News Airport
If fuel costs are lower, what's keeping air fares sky-high?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian planes to patrol Caribbean, Gulf of Mexico
NATO Jets Intercept Russia Military Plane Over Baltics
Spike in Russian military activity is about more than Ukraine
United Nations holds emergency meeting on Russian military presence in Ukraine
Ukraine redeploys troops, fearing new rebel offensive
Government in Kyiv promises land to ATO fighters
Media Blackout as U.S. Sponsors Genocide in Southeastern Ukraine
When Henry Kissinger Makes Sense
Former Secretary of State Henry Kissinger disputes the mainstream U.S. media's view of the Ukraine crisis, noting that Russia's response was reactive to the West's actions, not the other way around. But the MSM keeps up the drumbeat about Russian "aggression."
Islamic State leader issues new speech, ending talk he'd been killed
Special Report: The fighters of Iraq who answer to Iran
Iraqi forces advance in bid for Baiji refinery
US Gen. Dempsey Says Coalition Needs Ground Troops To Take Back Mosul From ISIS
Islamic State Money: ISIS To Mint Its Own Currency And Create 'Financial System'
Afghanistan Opium Crop Hits New High, More Than $850 Million Worth Sold
China Shows Off New Stealth Fighter to U.S. Military
US Torture Policies Under Investigation By UN Panel For Black Sites And Areas Outside Sovereign Territory
French Parliament To Vote On Recognizing Palestine As A State
At least 33 dead in Yemeni clashes, U.S. drone kills seven
Russia offers Argentina cooperation in oil, metallurgical, atomic energy sectors
Israeli Government To Refuse Entry to UN Team Investigating War Crimes in Gaza
U.S., Russia agree that Iran nuclear deal must be reached 'quickly'
Weapons that Choose Their Own Kill Targets are Wave of Future…and Already in Use

## Global unrest/mob rule/angry people/torches and pitchforks ##
Missouri national guard on standby for Michael Brown grand jury decision
Ferguson Gun Sales Soar As City Awaits Grand Jury's Decision Over Michael Brown's Death
Mo. protesters create wedding registry for supplies
Riot police raid Japan university
Greek riot police, protesters clash in Athens
10 countries vulnerable to extreme civil unrest
Parents of Missing Students Say Civil Unrest Will Increase (Mexico)
IDF Central Command Head Says Unrest Will Get Worse
Riot police deployed after violence against refugees in Rome
Navy responds after sailors attacked in Turkey
Police disperse Sidon industrial workers protesting blackout (Lebanon)

## Energy/resources ##
Subsea 7 may cut fleet as fall in oil price hits orders
If WTI Drops To $60, It Will "Trigger A Broader HY Market Default Cycle", Says Deutsche
Shale Boom Masks Multiple Threats to World Oil Supply, IEA Says
The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.
How Low Can the Price of Oil Plunge?
There's a lot of money being lost in oil, and also in gas. Which means that debt keeps piling up. As the author points out, prices could keep declining. In the end, who's going to pay all that debt? -- RF
US crude tumbles, settles at lowest level since Sept. 2010
OPEC cuts its oil output, and then Libya cuts it more
Saudi Arabia Aims at US Fracking Industry, Hits Its Own Foot
Tullow latest to cut back in bear oil market
London-based energy company Tullow Oil said Wednesday it's joining the list of companies reviewing its cost base in response to lower crude oil prices.
Germany's E.ON hit by weak rouble, industry crisis
Norway Embraces Chinese Cash in Race for Arctic Energy Riches
IEA World Energy Outlook Worries About Political Stability, Investment
Shell Says Most Focused On Deep Water Oil Projects In Mexico
Baghdad and Iraqi Kurdistan Reach Agreement On Contentious Oil Deal, Exports Still In Kurdish Control
Russia To Build As Many As Eight Nuclear Power Plants For Iran
Given the state of the world nuclear power industry, it is fair to ask if any of them will actually be built. -- RF
Russia gas flows still frozen; Ukraine banks on mild weather to hold out
Egypt says to repay debts to foreign oil companies within six months

## Infrastructure scavenging ##
Cleveland metal theft reaching new peak, city property and businesses new targets

## Got food? ##
Milk production could fall - Fonterra (NZ)
China Modern Dairy Plunges as Government Probes Cow TB
Chinese authorities are probing reports a unit of China Modern Dairy Holdings Ltd. (1117) sold milk cows that tested positive for tuberculosis, the latest food scandal to hit the country, sending shares of the raw-milk producer to the lowest in more than a year.
EU moves step closer to law on national GMO crop bans
EU politicians on Tuesday backed a plan to allow nations to ban genetically modified crops on their soil even if they are given approval to be grown in the European Union, raising the chance their use will remain limited on the continent.
Guide to Root Cellars
Monsanto, Dow Chemical unit sue Maui County to stop law passed by voters that bans GMO growing

## Lifestyle Solutions ##
Researchers: Western lifestyle threatens health and the environment
The Youth Are Our Future – The Challenges of Raising Free Thinking Minds

## Environment/health ##
WHO says more than 5,000 have now died of Ebola
Mali quarantines dozens as second Ebola outbreak spreads in country
The last Ebola-free district in Sierra Leone is now an Ebola 'hotspot'
U.S. nurses hold strikes, protests over Ebola measures
Pentagon cuts planned Africa Ebola deployment by 25 percent
The U.S. military said Wednesday it would deploy 25 percent fewer U.S. troops to fight Ebola in West Africa than originally projected, but said the cut wasn't evidence that the crisis was under control.
Liberia president to end Ebola state of emergency
Lightning Joins the List of Things Climate Change Is Making Worse
Global Warming to Worsen Global 'Dead Zones': Study
Pesticides blamed for clinical depression in farmers
4.8-Magnitude Earthquake Rattles Kansas and Leaves Minor Damage
Scientists Find Signs of Toxic Flame Retardants in Americans
Report: Car emissions higher than predicted
Cars are not as fuel efficient and environmentally friendly as officially described by the carmakers, a Transport and Environment (T&E) report has found. The reality is different due to flaws in the testing system.

## Intelligence/propaganda/security/internet/cyberwar ##
Why the Pentagon Dreads the "Sale" of IBM's Chip Business
Inserting a few thousand additional logic gates into a design with hundreds of millions of gates is not particularly difficult. This means a foreign power could, theoretically, insert a hardware backdoor into the chip that would be almost impossible to detect.
Navy SEAL thought 'we're going to die' at bin Laden raid
Oh, brother! -- RF
Chinese hack U.S. weather systems, satellite network
Google ad server crashes, costing publishers millions
Canadians are hooked: Time spent online nearly doubles as mobile devices and streaming videos eat up hours
Son of Stuxnet: The Digital Hunt for Duqu, a Dangerous and Cunning U.S.-Israeli Spy Virus
Hacker Wars: Companies Fight Back With Counter-Intelligence
Americans' Cellphones Targeted in Secret U.S. Spy Program

## Systemic breakdown/collapse/unsustainability ##
The Olduvai cliff: are the lights going out already?
What the Economy Has Done to the Family
Inside Yas Mall: Building of the UAE's latest retail attraction
Described as the 'missing piece of the Yas Island jigsaw puzzle', stakeholders hope the now-complete Yas Mall will join the island's theme park, beach and golf course to make it Abu Dhabi's go-to entertainment destination.
GM: Parts ready to fix SUVs that can catch fire
Honda discloses fifth Takata air bag-linked fatality, widens recall
The Economic End Game Explained
Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall.
Western Militaries Complain of Strained Budgets After Busy Year
Dark Age America: The Hoard of the Nibelungs

## Japan ##
Japan's Fiscal Calamity Intensifies—-Consumption Tax Delay Shows It Will Never Staunch Its Deficit Hemorrhage
Takata Chairman a No-Show as Air Bag Crisis Deepens
Japan firms overwhelmingly want Abe to delay tax hike - Reuters poll
Japan moving to delay sales tax hike
Riot police raid Kyoto University after 3 activists arrested
Toshiba Factory Shifts from Floppy Disks to Crunchy Veggies
I stick with my prediction that vegetable factories do not have a future. -- RF
Hackers using luxury hotels in Japan to target execs, software firm says
Private, public subsidies to make hydrogen as cheap as gasoline
Waste of money. -- RF
Japan's Oct. business failures drop 16.6%
The number of corporate bankruptcies in Japan in October dropped 16.6 percent from a year earlier to 800, the lowest for the month since 1990, due mainly to continued monetary support by the government and financial institutions for cash-strapped small and midsize firms, a credit research agency said Tuesday.
Get ready for the next wave of bankruptcies. -- RF
Kansai Electric mulling operation of 2 Takahama reactors beyond 40 yrs
Nuclear cleanup at Fukushima plant stymied by water woes
Oct. consumer electronics sales slump 6.8%
Municipal leaders eager to get a piece of the casino gambling action

## China ##
China Seen Overtaking U.S. as World's Biggest Oil User
China's Latest Ghost Town: A $50 Billion Fake Replica Of Manhattan
Falling iron ore prices see big drop in capacity utilization in China
China hit by further signs of economic slowdown

## UK ##
Bank of England warns inflation could drop below 1%
The Bank of England has warned that inflation could fall below 1% in the next six months, owing to lower food, energy and import prices, as well as feeble growth in Europe and elsewhere.
Controversial street lights turn off continues
British government funding so-called shale colleges
Full-time employee jobs account for only one in 40 created since recession

## US ##
The modern day Gilded Age of wealth: Top 0.1 percent now have more wealth than bottom 90 percent.
Which Cities/States Will Be the First to Default When the Economy Rolls Over?
U.S. oil bubble bursts by 2020s, IEA warns
Bank branches slowly fading away in neighborhoods
Want to fix retail? Close more stores
Drones patrol half of Mexico border
Ex-NYC Mayor Mike Bloomberg on Dodd-Frank: "The Government Should Have Let the Industry Craft the Bill"
24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy
Wall Street Journal Reports Obama's Attorney General Nominee Has Been Involved in $904 Million in Asset Forfeitures
Oil Trains on the East Coast: "It's Getting Crazy"
Police killings highest in two decades
The number of felony suspects fatally shot by police last year — 461— was the most in two decades, according to a new FBI report.
JC Penney revenue misses expectations
Deadly Winter Storm Pushes East, Causing Temperatures to Plummet
Miami-Dade Police Arrest Blind Man, Drop Him Off Miles From Home With No Phone
Cuts in military mean job losses for career staff
Hidden Government Debt Bomb: State Pensions Underfunded By $4.7 Trillion
Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"
Many Americans still exhaust jobless benefits

And finally...
Museum collection includes celebrity excrement


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