Tuesday, July 22, 2014

 

News Links, July 22-23, 2014

## Global Ponzi meltdown/House of Cards ##
Use of renminbi, Chinese currency, growing globally
Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia
Swiss, Chinese Central Banks Enter Currency Swap Agreement
The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).
BRICS shake up global economic architecture
New World Disorder: Emerging Division Between East And West Threatens To Plunge The Globe Into Chaos
China's debt soars to 250% of GDP
Chinese Government Frets Out Loud About Property Bubble Taking Down the Economy
In third straight month of decline, industrial turnover falls 4.9 pct in May (Greece)
After $35 Billion In US/Europe/IMF Aid, Kiev Needs Even More To Keep Afloat And Its War On The East Funded
Bank Of England Leads Push For Deposit Confiscation - Japan, China, Russia Against Bail-Ins
The Baltic Dry Index Collapses To 18-Month Lows; Worst July Since 1986
European Banks Begin to Sweat As ECB Promises Scalps
Have Institutional Investors Gone Completely Nuts?
Allergan to cut 1,500 employees in restructuring
Scramble For Yield Goes Ballistic—-Even Mexican Junk Bonds Up 2X Over Last Year

## Airline Death Spiral ##
Airlines scrap Israel flights over missile fear
In a sign of increased caution about flying near combat zones, U.S. and European airlines halted flights to Israel Tuesday after a rocket landed near Tel Aviv's Ben Gurion Airport.
As the world becomes increasingly unstable, the skies will become increasingly unfriendly to commercial aircraft. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity
Secy Kerry's Belligerent Bombast: Rush to Judgment Just Like False Syria Gas Attack Charges
Ron Paul On 10 Things The Media Won't Report On The MH17 Tragedy
Email from Ukraine Portfolio Manager; Obama Idiocies and Ironies
Bodies, black boxes handed over from Ukraine crash site
UN Security Council Demands Investigation Into Downed Malaysia Airlines Flight
Sorting Through All the Possibilities; Ukraine Accuses Russia of Deliberately Downing MH17; Brawl in Ukraine Parliament; Rush to Judgment
US State Department "Confident" MH17 "Mistakenly" Downed By Separatists, Finds No Direct Link To Russia
Russian View: Why Putin Is Not Impressed
The effects of the first round of US sanctions enacted in the aftermath of Crimean referendum have been somewhat, let's say, surprising for Western mainstream media. Besides the obvious fact that the sanctions haven't had a visible impact on Russian foreign policy, they marked the local bottom of the Russian stock market, which has since outperformed the US stock market.
Israel using flechette shells in Gaza
Israel's Iron Dome Isn't Working: A Weapons Expert's Warning
Israel strikes hospital, houses; Gaza death toll passes 570
Gaza War Toll Continues to Soar: 608 Palestinians, 27 Israelis Killed
Islamic State crushes and coerces on march towards Baghdad
Islamic State thwarts Syrian government forces on two fronts
With ISIS Now Controlling 35% Of Syria And Most Of Its Oil Fields, Iraq Issues An Ultimatum To The US
Sanctions relief for Iran extended

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Silence is Consent': Thousands Worldwide March For Gaza
Pro-Palestinian protests turn violent in Paris

## Energy/resources ##
Shale's "Ground Zero" Moves To Ban Drilling
Nuclear waste - the unanswered questions that won't go away
Analyst: Oil, Gas CAPEX Spending to End 2014 a Bit Flat
Easier said than done: Keeping Oil Production From Falling
Amplats to sell strike-hit South African mines
Here's Yet Another Problem in Platinum Supply
Qatar's LNG Dominance Threatened by Shell's Reported Withdrawal
Royal Dutch Shell's widely reported decision to end its role in a gas project in Qatar threatens the Gulf state's dominance in the production of liquid natural gas (LNG).
Region hit by massive blackout (Australia)
China's President Xi Jinping signs Venezuela oil deal
Global seaborne coal market oversupply to be 10MT this year - Report
Reuters reported that the global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

## Got food? ##
Beef pollutes more than pork, poultry, study says
Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says.
Growing the Open Food Revolution
China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
High food prices killing Ghanaians
Removal of Egyptian energy subsidies impact on food prices

## Environment/health ##
Hot Streak: World Breaks Monthly Heat Record Again in June
80 percent of California is now in extreme drought
Soaring Meat Consumption Bigger Problem Than Thought: Study
New research suggests giving up red meat in particular would be more impactful environmental choice than giving up your car
Great Barrier Reef 'in worst state since records began'

## Intelligence/propaganda/security/internet/cyberwar ##
Government agents 'directly involved' in most high-profile US terror plots
Verizon Launches Rewards Program With Tracking
New Tracking Tool Is Like a Cookie That Can't be Blocked
1 Million Net Neutrality Comments Filed, But Will They Matter?
Hackers Extorting With Stolen Photos Increasingly Common
NSA shares raw intelligence including Americans' data with Israel
Why Should Anyone Believe Kerry Now: His Syria Gas Attack Lie Was Brazen
State Dept. Annoyed at Press Questioning MH17 Narrative

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part I: Our Ponzi Economy
Surfing the Italian tsunami
Italy is being hit by an economic tsunami caused by the high costs of mineral commodities which is destroying its industrial system and plunging the country in a deeper and deeper crisis. Unfortunately, the Italian government seems to be still locked in the obsolete paradigm of "restarting growth" no matter at what costs and that is worsening the problem instead of solving it.
I'm sure this formula sounds familiar even to those of us who don't live in Italy. -- RF
Self-Driving Cars Will Mean More Traffic
Growth vs. Prosperity: Crash Course Chapter 5
Shortages of Prescription Drugs Reported Nationwide

## Japan ##
The real story behind Japan's drone boom
June home appliance shipments drop 6.8%
Japan's economic growth forecast for FY 2014 cut to 1.2%

## China ##
Chinese officials to get re-education in Marxism
China's housing market implosion is picking up speed
Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold
China's meaningless GDP figures: Bloated Chinese economy needs austerity diet
Ethiopia Becomes China's China in Search for Cheap Labor
China's enormous bad debts may mean good times for bankruptcy experts
Asia's richest man is building Hong Kong apartments barely bigger than a prison cell

## UK ##
UK autumn gas prices to rise due to maintenance, Ukraine risk
Student loan system is almost financially unworkable, say MPs
Government fuel poverty strategy 'meaningless' and 'inadequate', campaigners warn
Trouble in store: the grave future of British public and private debt

## US ##
The Ambitious Plan to Break California into 6 States – A Model for the Future?
The Full-Time Scandal Of Part-Time America
Huge Labor Force Dropout Not Due To Retirements: 47% Full-Time Employment Ratio Of Working Age (16-54 Yrs.) Lowest Since 1985
Inflation where it matters: Close to 50 percent of Americans indicate spending more on groceries and fuel this summer. Nearly one third indicate more spending on rent and mortgage payments.
U.S. consumer inflation rises on high gasoline prices
AK-47 Sales Soar After US Sanctions Kalashnikov Imports
Child poverty rates on the increase
Rich-poor divide: City OKs UWS development with 'poor door' for residents
A trend to working fewer hours and low wage labor: Is America looking at becoming a low wage nation in a race to the bottom? 1 out of 4 people working are in jobs paying $10 an hour or less.
Perry sending National Guard troops to border
Migration spotlights Mexican 'coyote' smugglers
New college grads hit by slow wage growth: Fed study
Can you really afford a new child?
What a Storm Surge of Hot Money Does To San Francisco
Detroit retirees back pension cuts by a landslide
Deal In Detroit Could Signal Cuts To Pensions Elsewhere
Coming to a shore town near you? Inside New Jersey's pension crisis
Appeals Judge Says Guillotine 'Probably Best' for Executions
"But executions are, in fact, nothing like that. They are brutal, savage events, and nothing the state tries to do can mask that reality. Nor should it. If we as a society want to carry out executions, we should be willing to face the fact that the state is committing a horrendous brutality on our behalf."

And finally...
Creationist Ken Ham calls to end space program because aliens are going to hell anyway


Sunday, July 20, 2014

 

News Links, July 19-21, 2014

## Global Ponzi meltdown/House of Cards ##
Three Charts Of The Week: Money Printing Is Not Bringing Prosperity To Main Street
Greece Seen Needing Third Bailout as Bonds Insufficient
Why Sanctions Won't Upend Russia's Debt Repayments
Holding Company Of Portugal's 2nd Largest Bank Just Filed For Bankruptcy Protection
Bolivia lowers legal working age to 10 to boost economy
BRICS Plan To Become "Political Alliance" To Reform The International Financial System
Incubating a non-dollar architecture
Argentina "Determined to Default" Second Time
UBS Warns Everything Is Overpriced, Prepares For Sell-Off
How The Tax Code And Cheap Debt Fuel The Massive Stock Buyback Ponzi—-$7 Trillion Since 2001

## Airline Death Spiral ##
Trinidad airline suffers $16m loss in 2013
Air India pares loss but no privatisation on horizon
SIA aims to cut pilot training time from 3 years to 2
Flight delays and aborts may lead to license loss (Vietnam)
Airlines symbolize nations' hopes or reflect shame
Why your next plane flight could be over a war zone
While travelers may be surprised that a commercial airline was flying over Eastern Ukraine at a time of a military conflict, commercial airlines often fly over hostile territory—unbeknown to those onboard. In fact, experts say no-fly zones for commercial aircraft can change daily or even hourly.
Unfriendly Skies: America's airlines are the world's most profitable and least comfortable
There's been a deliberate effort in recent years, especially by American carriers, to make life on an airplane as miserable as possible. The strategy of cultivating loyalty by offering free upgrades has been replaced by one that charges customers for the privilege of comfort.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Malaysian Airline Horror Spurs New Rush to Judgment
Video of MH17 Hit by Missile; Update From Jacob Dreizin; Black Box Thoughts
US Beats War Drums Over Downed MH17 Plane, But Evidence Sketchy
Foreigners join far-right militias in Ukraine's fight against rebels
The Final Moments Of Flight MH-17: The Russian Side Of The Story
Here's how whoever shot down MH17 could have mistaken the passenger flight for a fighter jet
Ukraine separatists may have mistaken Malaysian airliner for military aircraft; 298 aboard die
Ukraine's Security Service Has Confiscated Air Traffic Control Recordings With Malaysian Jet
French President Announces New Operation in Africa
France's president announced the redeployment of 3,000 French troops in five of its former colonies across northwest Africa as part of an operation to help fight terrorism in the region.
Iraq crisis: How Saudi Arabia helped Isis take over the north of the country
Iranian commanders on front line of Iraq's fight
Islamic State killed 270 in Syrian gas field battle -monitor
Islamic State seizes major Syrian oil fields, aids Assad regime
Wave of bombings in Baghdad kills 27 people: police, medics
14 Reasons Obama Is Lying When He Claims The World Is 'More Stable' And 'Less Violent' Than Ever
Spending worldwide on UAVs to double, study says
Manila urges unity for South East Asian nations in China sea dispute
From Gaza To The Ukraine: The Human Price Of Neocon Havoc
Iran, six powers agree to 4-month extension of nuclear talks
Egyptian troops killed with rocket-propelled grenades at checkpoint
Gunmen firing rocket-propelled grenades have attacked an Egyptian border checkpoint killing 15 soldiers, officials and state media have said.
Russia bars entry to 12 Guantanamo and Abu Ghraib-linked Americans
China sends spy ship off Hawaii during U.S.-led drills
Heavy clashes erupt over Tripoli airport, at least four dead
Iran eliminates sensitive stockpile under interim nuclear deal: IAEA
Israel expands into Gaza, killing at least 50

## Global unrest/mob rule/angry people/torches and pitchforks ##
Besieged by Pro-Democracy Activists, Hong Kong's Government Builds a Fence
Is there a Revolution Brewing over Taxes? OECD Says Yes!
Detroit Water Shutoffs Prompt Mass Protest, More Calls For Moratorium
Clashes as pro-Palestine protesters march in Paris despite ban

## Energy/resources ##
North Sea Oil, Gas Firms Hold Off on Investment
Oil and gas firms may be adopting a "wait and see" approach before making further investment decisions in the North Sea, according to business consultant Deloitte. In May, the consultancy predicted that drilling and deals in the North Sea would remain at a "steady low" for at least a year but its latest findings suggest a collapse in activity on the UK Continental Shelf (UKCS).
Why Oil and Gas in the South China Sea Won't Be Developed
Japan, Brazil to collaborate in tapping hard-to-reach offshore oil
Just look at these massive projected costs, which you know are going to balloon as the work proceeds. It doesn't matter how much oil there is, or how much is recovered. What matters is that it will be expensive, and expensive oil is not what the world needs. How much are you willing/able to pay? -- RF
Asia-Pacific taking on most OPEC crude
U.S. 'comfortable' with Iran's oil exports
US Approves Plan To Open Atlantic To Oil Reserve Surveys
In North Dakota's oil bonanza, natural gas goes up in flames
Fires are major cause of wind farm failure, according to new research
Obama Moves Closer to Seismic Testing for Oil in Atlantic
Rotating blackouts now 5 hours (Philippines)
Power Grid: American System Fails More Than Any Other In The World
SNL points to drastic fall in new gold discoveries
Research points to a dramatic fall in new gold discoveries which are falling well behind global production levels. This will have a significant impact on gold supply ahead.
India coal demand set to rise to 787 million tonnes - Mr Goyal
Mr Piyush Goyal, Coal and Power Minister, said that India's coal demand is expected to rise 6% to 787 million tonnes this financial year, which could lift imports close to 200 million as local supply falters.
Militants blow up gas pipeline in Egypt's Sinai
Iraqi government considering halting oil supplies to Jordan

## Infrastructure scavenging ##
How criminals are wrecking South Africa's telecoms networks
Criminals in South Africa are causing millions of rands of damage to telecommunications networks through copper theft, stealing batteries from cellular towers, and even stealing fibre to make certain products.
South Africa: Metal thieves 'steal 10km of railway'
Metal, catalytic converter thefts double from 2009
Thieves targeting air conditioners for copper

## Got food? ##
'Peak soil' threatens future global food security
Bye, Bye OJ? A tiny bug is destroying the world's citrus crop and science is still years from a cure
Quinoa isn't the only ancient crop falling prey to Western gluten-free appetites
Late monsoon starts Indian farmer's "journey to hell"

## Lifestyle Solutions ##
Excellent: Degrowth Solutions: Half-Farmer, Half-X
Take it from me: being half farmer and half something else is a great lifestyle. You'll be healthier, happier, more self-sufficient, and learn to live on much less money. And food security is no joke. -- RF

## Environment/health ##
Four Cases of Life-Threatening Plague Found in Colorado
Sewage-treatment plants described as giant 'mixing vessels' after scientists discover drug-resistant bacteria in British river
Superbugs resistant to some of the most powerful antibiotics in the medical arsenal have been found for the first time in a British river – with scientists pinpointing a local sewage-treatment plant as the most likely source.
Lightning a threat to ND saltwater disposal sites
Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not the oil wells or drilling rigs - that were to blame.
California Halts Injection of Fracking Waste, Warning it May Be Contaminating Aquifers
Record-Breaking Wildfires Bear Down on Washington Communities
Ebola May Have Been Smoldering for Years, Study Says
As Polar Icebox Shrinks, Infectious Pathogens Move North

## Intelligence/propaganda/security/internet/cyberwar ##
Big Brother's Little Brother in Mexico
NBC News Pulls Veteran Reporter from Gaza After Witnessing Israeli Attack on Children
Air Force research: How to use social media to control people like drones
Thai junta's gag on media raises alarm, criticism over freedom of speech
Critics and journalists raised concerns Saturday about the Thai military government's latest move to tighten its grip on the media by banning them from criticizing the junta's operations and threatening to immediately suspend the broadcast or publication of content that defies the order.
Biggest Dutch Daily Calls For NATO Intervention To Protect MH17; Feinstein Tells Putin To "Man Up And Confess"
Dark Mail: A Convicted Hacker and an Internet Icon Join Forces to Thwart NSA Spying
Ars editor learns feds have his old IP addresses, full credit card numbers

## Systemic breakdown/collapse/unsustainability ##
The Coming Crash Is Simply the Normalization of a Mispriced Market
Criminalization of homelessness on the rise in U.S. cities
Inspection of low-temperature home delivery trucks reveals shortcomings
The US isn't the only country with emerging cold-chain problems. -- RF

## Japan ##
Gov't OKs plan to to build maglev line, despite environmental concerns
A waste of money, energy, and resources for a project that will never be finished. -- RF
Retail egg prices up 10-20% from last yr
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
What to Expect at Japan's Amphibious War Training Camp
As a territorial dispute with China over remote islands heats up, Japan's Ground Self-Defense Force is accelerating efforts to build an amphibious fighting force modeled after the U.S. Marine Corps.
Japan eyes buying Ospreys as US looks to expand fleet to mainland
Abe says gov't will offer Y2 mil subsidy for fuel-cell cars
Waste of money. -- RF
Water leaks continue to plague No. 5 reactor at Fukushima plant
Make babies! Politician proposes giving newlyweds pierced condoms

## China ##
Chinese Construction Company Threatens To Default, Debt Dominoes Are Lined Up
China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper
Chinese Commodity Contagion Leads To First Letter Of Credit Settlement Failure
Beijing assembles people's army to crush China terrorists with an iron fist

## UK ##
Intelligence services 'creating vast databases' of intercepted emails

## US ##
Atlantic City Adrift as Casino Closings Sap Jobs Market
US Lags Behind on Energy Efficiency, Study Shows
Courtesy of the American Council for an Energy-Efficient Economy.The U.S. ranks near the bottom of the second annual International Energy Efficiency Scorecard, released Thursday by the American Council for an Energy Efficient Economy.
The 40-hour workweek is done, thanks to technology
The average cubicle farm, it seems, is where the 40-hour workweek went to die. According to a new survey, a staggering number of American professionals have workweeks that exceed 40 hours.
U.S. still net oil importer, API says
We're in the third biggest stock bubble in U.S. history
New York Launches BitLicense Proposal – How Bad is it?
Ominous Portents in Consumer Sentiment
US terrorist database growing at rapid rate
The U.S. government is rapidly expanding the number of names it accepts for inclusion on its terrorist watch list, with more than 1.5 million added in the last five years, according to numbers divulged by the government in a civil lawsuit.
California City Will Fine Couple $500 For Not Watering Brown Lawn, State Will Fine'em $500 If They Do
What Disposable Income Looks Like: With And Without Government Handouts
The Insiders' Case for a Stock Market Mini-Crash
In violent weekend, at least 40 people shot in Chicago
Atlantic City doomed by glut of casinos in region
Subprime woes are back: This time in used cars
Big jump in number of millennials living with parents reported

And finally...
Waitress at restaurant in China scarfs down cockroach in front of diners after complaint
Snail slime, sheep grease and other incredibly weird ingredients in your beauty products


Thursday, July 17, 2014

 

News Links, July 17-18, 2014

## Global Ponzi meltdown/House of Cards ##
Pain Spreads From China's Excess Production
Canada's Magnificent Housing Bubble at Risk, Fitch Says
China Finds Debt Addiction Hard to Break in Growth Quest
Puerto Rico bonds crash high-yield municipal debt party
It looked like there was no stopping the runaway returns for high-yield U.S. municipal bonds earlier this year. But that has all come to a screeching halt in the past few weeks thanks to a bombshell coming out of the Caribbean.
Bolivia on verge of legalizing work from age 10
Hype Officially Over: Spain Not The "New Germany"
European losses deepen as Ukraine crisis intensifies
Rising rents catapult UAE cities up global cost of living list
Microsoft to cut 18,000 jobs this year as it chops Nokia
Microsoft Layoffs: Insane M&A Frenzy Leads To Next Jobs Crisis
Consultants say Egypt needs $120 bln inflow over 4 years - officials
When The Price Of Money Is Zero—Sharpies Can Get Away With Almost Anything
Wall Street Buys NATO Microwave Towers in Quest for Speed
An 800-foot microwave tower in a Belgian cow pasture transmitted messages for the U.S. armed forces in 1983 when suicide bombers killed hundreds of military personnel at Marine barracks in Beirut, Lebanon. Now it's being used by high-frequency traders.
A fifth of developing world lives on below $1.25 a day
India Imported 713 MT Of Silver In April, 1921 MT YTD
U.S. gold dealer launches first digital currency backed by bullion
U.S. precious metals dealer Anthem Vault Inc said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.

## Airline Death Spiral ##
China Southern reports 1H net loss
China Southern Airlines has reported a first-half net loss of CNY900 million to 1.1 billion ($146 million to $178 million) compared with a net loss of CNY302 million in the year-ago period.
Airline revenue: A drop over the ocean
Get More Acquainted With Your Knees as Boeing Reworks 737

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudis on Alert at Iraq Border for Conflict Spillover
Iraqi army retreats from Tikrit after assault stalls
Hamas drone injects new element into Arab-Israeli conflict
Tens of thousands flee Israeli raids on Gaza
Israel sends troops into Gaza after cease-fire talks fail
Insurgents attack Kabul airport
New Age of Washington Consensus in Latin America
German minister calls for €1 billion to tackle 'worst refugee crisis in 50 years'
US imposes more sanctions against Russia
Ukraine crisis: US breaks step with Europe over Russia sanctions
After weeks of lobbying European allies to inflict economic pain on Russia over its meddling in Ukraine, the Obama administration imposes tough new sanctions to go it alone against Moscow
Malaysian airliner crashes over Ukraine; missile strike suspected
Ukrainian Army Buk Missile Likely Downed Malaysian Plane - Source
A Ukrainian army battalion of Buk air defense systems was deployed near the city of Donetsk a day before the crash of a Malaysian passenger plane on Thursday, making the downing of the aircraft by one of the missiles highly probable, an expert source said.
Japan, Britain to join forces to research missile technology
Vietnam Says China Backing Down In Oil Rig Dispute
Mystery plane raided: Pilot who flew aircraft across Pacific says he left it in Philippines
Ninety killed by Islamist attack on Syrian gas field -monitor
Militant group Islamic State seized a Syrian gas field and killed at least 90 people on Thursday in one of the bloodiest clashes between the al Qaeda offshoot and President Bashar al-Assad's forces, a monitoring group said.
UK summons Spanish envoy over "provocative" Gibraltar naval activity
China deepens ties to Brazil, plans to build railways
China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Citizens protest against water shortage — burn tires, chant anti-government slogans (Pakistan)
Revealed: the hunger strikes of America's most secret foreign prisoners
S. African union NUMSA says to intensify metals, engineering strike
Massive protests erupt in Kashmir after military crash kills 6
As Immigration Crisis Grows, A Protest Movement Gains Steam
Strike Out! Police in China Are Rounding Up and Destroying Matches
Rural Chinese drink poison to protest expropriation of land

## Energy/resources ##
Humidity and power outages hit citizens hard (Pakistan)
China Three Years Late on Installing Offshore Wind Farms
Strong, steady offshore breezes have the potential to become an important source of electricity, but installing jumbo-jet sized gear in the harsh, marine environment is a complicated and expensive endeavor. The slow pace in China is matched by the U.S., which has no offshore wind farms after more than a decade of development efforts. In Europe, the only continent with any significant sea-based wind power, companies have scrapped plans for more than 5,700 megawatts since November.
I told you so. Renewable energy is expensive. The world must learn to operate at a much lower energy level. -- RF
Hungry U.S. Power Plant Turns to Russia for Coal Shipment
Utilities in the U.S. are scrambling for coal, on pace to increase imports 26 percent this year, as railroad bottlenecks slow deliveries and electricity demand climbs with an improving economy.
Access To Energy Explains Unequal Growth Rates of India and China
A graphic representation of how economies respond to the access to energy, or lack thereof. One can also easily see what will happen to the curve as energy becomes more expensive. -- RF
First Solar Drops Plan for World's Biggest Plant in China

## Got food? ##
If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
Applebee's Pulls Salad After Minnesota E. Coli Cases
California Drought Cuts Water for Farming to Record Lows
No Longer Niche, Local Foods Becoming Big Business
Drought, disease and cold weather are leading to surging food prices in the U.S.
Food Used to Fatten Animals Could Feed 3 Billion: Study

## Lifestyle Solutions ##
Finding Shelter from the Storm Part 2
More good suggestions for surviving collapse, and perhaps even thriving! -- RF

## Environment/health ##
Brain-Eating Amoeba Lurks in Warm Summer Water
The death of a 9-year-old Kansas girl from a brain-eating amoeba infection is a jolting reminder of a rare danger of swimming in fresh water heated by the summer sun — a risk that experts say could get worse in summers to come.
The Largest Landfill On Earth: Plastic Garbage In The Oceans?
Global carbon market hopes fade as Australia dumps CO2 trading
Oregon declares state of emergency as wildfires spread
Chilling new details on cold-storage smallpox
Study: marijuana compound slows tumor growth
Climate Scientists See 'Very Rapid Declines' in Annual NOAA Report
Latest State of the Climate: Yup, Still Getting Hotter 
This invasive plant is consuming the equivalent of 46,000 soccer fields of US land every year

## Intelligence/propaganda/security/internet/cyberwar ##
German lawmakers consider using typewriters to counter espionage
U.S.'s Lew: cyberattacks aim to disrupt U.S. financial system
Russia to reopen Cold War spy post on Cuba in America's 'backyard'
US Reporter Ronan Farrow Calls On Internet Companies To Censor Speech Of People He Doesn't Like
A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status
Globalist Mouthpiece Calls For The Entire Planet To Adopt The 'National Identification System' One European Country Has Established
The Electrical Grid May Well Be The Next War's Battlefield

## Systemic breakdown/collapse/unsustainability ##
BMW to recall 1.6 million cars on concerns over Takata air bags
Fuji Heavy to recall Subaru Legacy cars over computer fault
Detroit's future? More cops, firefighters but fewer people
Patio Furniture Thefts Worry East Dallas Homeowners
The UK Ministry of Defence Says Life in 2045 Will Be Unequal and Violent

## Japan ##
Child poverty hits record high in Japan
In the 2012 survey results released on Tuesday, the ministry estimates that 16.3 percent of Japanese aged 17 or under live in poverty. That's up 0.6 percentage points from the previous survey, and a record high since the survey began in 1985.
Japan nuclear plant gets safety OK, may be first to restart
Japan's Holdings of U.S. Treasuries Rose to Record in May
Deadly pig virus pulls more pork imports to Japan
More pigs from Europe and Mexico could be heading to Japan, the world's largest pork importer, as a hog virus outbreak is driving up domestic prices, according to the country's Agriculture Ministry.
Japan's disappearing e-books causes concern
Many Japanese purchasers of e-books are facing a situation inconceivable to owners of conventional texts: They are no longer able to read the books they purchased.
Study: Cesium from Fukushima debris removal likely spread 50 km
Fukushima towns use cameras to halt surge in thefts at evacuees' homes
Clinics as Social Clubs for Retirees Swell Japanese Debt
Pig thieves running hog-wild in Chiba Pref. amid spiking pork prices
Japan builds amphibious force modeled on U.S. Marines
Japan OKs first arms transfer under new rules

## China ##
China Faces Second Corporate Bond Default Amid World's Biggest Debt
China knows it has a problem, but it just can't kick the investment habit
Chinese Steel Expert: No Way Out for Mills Caught in Capacity Crackdown
Shadow-Banking Curb Fuels Loan-Backed Debt Spree: China Credit
China developers at risk as trust funds dry up
Inequality with Chinese characteristics

## UK ##
Bedroom tax bites as low-income tenants choose between 'heat or eat'
Emergency legislation giving police access to phone records becomes law
How British Spies "Seed the Internet with False Info, Control YouTube Pageviews and Manipulate Online Polls"
As UK cost of living rises, young people hit hard
Executive pay 180 times average – as wealth gap increase

## US ##
Retail Sales Flatlining—-Except Autos Running On Subprime Fuel
Why America's Healthcare (Sickcare) System Is Broken and Unfixable
20 Signs The Epic Drought In The Western United States Is Starting To Become Apocalyptic
Dick Cheney calls Obama 'the worst president of my lifetime'
What a laugh. Barack Obama is no worse than the Bushes, Clinton, Carter, or any of the other emperors in the Republicrat Dynasty. The Republicrat program is dedicated to maintaining and growing the Empire, and Obama is faithfully carrying out his duty in the face of insurmountable odds. All empires eventually decline and fall; it's a law of nature, and it's happening to the US Empire now. It just happens that the situation is deteriorating markedly on Obama's watch, and there's virtually nothing he or anyone else can do about it. Dick Cheney thinks that he or someone of his choosing could do a better job of holding the Empire together with duct tape or stovepipe wire or magical incantations, but he's wrong. It doesn't matter who's in command because it's too late. Collapse is now. -- RF
California approves fines for water-wasters
Drought Shaming: Californians Snitch on Neighbors Who Waste Water
California's Drought Will Cost $2.2 Billion and 17,000 Jobs This Year, but 2015 Could Be Worse
Video of the Day – Elizabeth Warren Torches Janet Yellen on TBTF
Janet Yellen Is A Religious Nutcase
Yellen Yap: Silliness, Outright Lies, and Some Refreshingly Accurate Reporting
Fewer gas leaks found in cities with new pipes
Rep. Upton: Use energy as foreign policy tool
But the "abundance" is a mere mirage. Ignorant, myopic leaders make the situation worse for everyone. -- RF
Wholesale Prices in U.S. Increase More Than Forecast on Fuel
Q1 Productivity Collapsed Most In Over 60 Years; Goldman Fears Consequences
Industrial Production Drops, Misses By Most Since January
SUVs and Crossovers Most Popular Vehicles for U.S. Drivers
Has America's Economy Entered the "Coffin Corner"?
Growth slows in the developed nations due to several factors, as debt levels rise. Have we entered the "coffin corner" where we cannot grow sufficiently fast to service our debt?The US economy has repeatedly failed to resume normal growth after the crash. But potentially worse is the decline in long-term growth estimates.
As Fracking Expands, So Does Opposition – Even In Texas
With A Series Of Small Bans, Cities Turn Homelessness Into A Crime
66 Percent of Americans Now Live in a Constitution-Free Zone
Thanks to the militarization and expansion of the "border" region, 197 million Americans now live within the jurisdiction of US Customs and Border Patrol.
Construction of New U.S. Homes Declines on Plunge in South
Move out? Millennials should live with their parents as long as possible

And finally...
Overkill: Man sets fire to house trying to kill spider


Tuesday, July 15, 2014

 

News Links, July 15-16, 2014

## Global Ponzi meltdown/House of Cards ##
Why We're Doomed: Interest and Debt
Even if the economy were growing at a faster pace, it wouldn't come close to offsetting the interest payments on our ever-expanding debt.
U.S., Europe, and Japan headed for major economic crisis: Mauldin
Portugal Contagion Spreads: Espirito Santo To Default On Portugal Telecom Loan, Business Lending Drops Most On Record
The Head Of 'The Central Bank Of The World' Warns That Another Great Financial Crisis May Be Coming
IMF's Planned Global Currency Reset
The coming fiat currency war
Draghi Seen Delivering $1 Trillion to Banks in ECB Offer
Is Canada Next? (In One Very Ugly Chart)
Triple Whammy for German Economy
EU Bail-Ins Coming As Germany OKs Depositor Bail-In
Emerging nations plan their own World Bank, IMF
Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.
Sanction Spiral Hits London, Plays Out Putin's Master Plan
The Implosion Is Near: Signs Of The Bubble's Last Days
Nomura Threatens Espirito Santo Cross Defaults, Said To Demand Immediate Repayment Of €100MM Loan
Microsoft expected to announce job cuts this week: Bloomberg
The restructuring may end up being the biggest in Microsoft history, topping the 5,800 jobs cut in 2009, the report said.
Cut, baby, cut! -- RF
Restaurant CEOs Make More Money in Half a Day Than Their Employees Make in a Year
Europe Needs $795 Billion Problem Property Loan Solution
Singapore's GDP Decline Shows Manufacturing Constraint: Economy
Roll Out the Rolls, Bring on the Bentley: Wealth Loves Luxury Cars
Incisive Reflections On The World's "Nested Bubbles" By John Rubino And Chris Martenson

## Airline Death Spiral ##
Get to Know Your Seatmates, Intimately, as Boeing Squeezes 'em In
The world's most uncomfortable plane seat?
Airbus design does away with cushions, tray tables and legroom in favour of seats that resemble bicycle saddles
Turbulence Ahead: The Coming Pilot Shortage and How It Came to Be
Steep training costs and underwhelming wages might be pushing the industry toward even more flight cancellations.
Air France-KLM slashes earnings forecast for 2014
Air France-KLM on July 08 slashed its earnings forecast for 2014, hit by over-capacity in traditionally lucrative long-haul routes and persistently weak cargo demand
Passengers may face further delays at baggage reclaim, union warns (UK)
Think flying is bad now? Wait till you see this

## Iraq ##
Iraqi army remains on defensive as extent of June debacle becomes clearer
Five weeks after Islamist fighters stormed across northern and western Iraq in a surprise offensive that nearly reached the outskirts of the Iraqi capital, virtually every captured location remains firmly in rebel hands, while the central government's meager efforts at a counteroffensive have met with failure on virtually every front.
Bodies found north of Baghdad as Sunni insurgents turn on each other

## Fault lines/flashpoints/powder kegs/military/war drums ##
Despite offensive, Gaza rockets still hit Israel
Hamas fires rocket barrage as it rejects cease-fire; Israel vows new airstrikes
UN: 80 per cent of Palestinians killed in Israeli offensive are civilians
IDF's Gaza assault is to control Palestinian gas, avert Israeli energy crisis
Ukraine and Russia edge closer to war amid accusations of cross-border attacks
Origins Of The Ukrainian Crisis: Washington's Double-Cross And Expansion Of NATO
NORAD: Fighter jets scrambled after Russian bombers spotted off California
U.N. pulls staff out of Libya as clashes kill 13, close airports
Meet EXACTO – DARPA's Guided .50 Caliber Bullet
China tells U.S. to stay out of South China Seas dispute
China's Xi begins 2nd trip to Latin America, in sign of expanding role
Islamic State consolidates control of eastern Syria with fall of Deir el Zour
Extremists of the Islamic State on Monday seized nearly all of Deir el Zour, the last town not under their control in eastern Syria, after executing the emir of a rival jihadi group, the Nusra Front, anti-government activists reported.
89 killed in worst Afghanistan bombing since 2001
Behind 'Smokescreen' of Charity, Global Financial Elite Pillage African Nations $60bn Each Year
Australian army sees Asia's megacities as future battle zones
Six countries that make up half the world's population

## Global unrest/mob rule/angry people/torches and pitchforks ##
'People's March' Against Fracking Demands Halt to Export Push
Anti-fracking protesters arrested in U.S. capital
Arizona protesters hope to stop immigrant transfer
Kuwait threatens dissidents with loss of citizenship
Broadcast interrupted as protester with handcuffs tries to arrest Dick Cheney

## Energy/resources ##
Oil Abundance? Not So Fast - Drilling holes in the energy boom story
Putin vows to help develop offshore Cuba
Yemeni oil pipeline attacked
Iran-Russia Oil Barter Talks Will Continue -- Deputy Minister
International and Commercial Affairs Deputy Minister Ali Majedi said Iran and Russia will continue talks on oil barter regardless of the outcome of the nuclear talks between Iran and P5+1 group.
Iran says it will work closely with Gazprom
Shale gas boom fizzling out?
The shale gas boom in the U.S. seems not to be the huge bonanza as it was touted after all. Rising labor costs and depressed gas prices have scuttled a number of shale gas plant projects. Gas fields are failing to generate expected profits, while global energy giants are posting heavy losses on their related businesses.
This from Japan's Nikkei, which is apparently just finding out what we knew all along. -- RF
The Diminishing Returns of Fuel Efficiency
As vehicles become more fuel efficient, the savings one obtains by further improving the mileage decline substantially.
Arctic Natural Gas: Location, Location, Location (Stinks, Stinks, Stinks)
Miners Face Pain as China's Coal Appetite Falls

## Got food? ##
Heartland Water Crisis: Why the Planet Depends on These Kansas Farmers
Raising Backyard Chickens for Dummies
Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply
North Korea pushes farmers for more
Mexican Farmers Oppose Expansion of Transgenic Crops
Hershey increases prices as costs rise
Global dairy prices plunge

## Environment/health ##
USGS: 7 small earthquakes shake central Oklahoma
Got a rash? iPad, other devices might be the cause
Four rhinos killed in Kenya's worst poaching attack in years
Rhino poaching continues at record pace in South Africa
Ebola Spreads to Sierra Leone Capital of Freetown as Deaths Rise
As Ebola stalks West Africa, medics fight mistrust, hostility
This Is Your Stressed-Out Brain On Scarcity
Second investigation of CDC anthrax lapse finds more problems

## Intelligence/propaganda/security/internet/cyberwar ##
Seven Reasons Why the Internet of Things is Doomed
"Smart" technology could make utilities more vulnerable to hackers
Corporate Titans Speak Out for 'Open Internet' & 'Net Neutrality'
Edward Snowden Denounces UK Surveillance Bill
New Snowden Docs: British Spies Seed the Internet with False Information
Meet CISA – Dianne Feinstein's Latest Attack on Privacy, Civil Liberties and the Internet
Secret Service warns on hotel biz center computers
The U.S. Secret Service on Monday confirmed it has warned the hotel industry about malware installed on computers in business centers that allow crooks to monitor every keystroke typed on a device, yielding a motherlode of personal data, such as passwords, user names and credit card information.
Electronic health records ripe for theft
Facebook to track users' TV habits
Must Watch Video – Congressman Thomas Massie Calls for Release of Secret 9/11 Documents Upon Reading Them
Obama administration says the world's servers are ours

## Systemic breakdown/collapse/unsustainability ##
US jails struggle with role as makeshift asylums
Money for Highways
Drivers all over are finding that when they hit the road, the road hits back. Highways built or rebuilt after World War II are scarred with cracks and potholes. Bridges have collapsed. Everyone agrees that crumbling highways should be fixed. No one wants to pay the bill.

## Japan ##
Japan's nuclear plant to clear safety hurdle, step toward restarts
Debris cleanup at Fukushima reactor may have contaminated rice crops
Fukushima citizen posted "Tsunami seawall in Fukushima prefecture is only sandbags" – Photo
Broadcaster NHK apologizes for asking tough questions not submitted in advance
Heaven forbid that politicians should be given anything but previously-agreed-upon, softball questions! This reminds one of the US presidential "debates." Democracy in action! -- RF
Prefectures battling against shrinking population
Japanese GDP "Guesses" Are Collapsing; Here's The 3rd Arrow That Will 'Save' It
Abe eyes permanent legislation to allow SDF troops to go overseas
Prime Minister Shinzo Abe said he is considering permanent legislation to allow the government to deploy Self-Defense Forces (SDF) troops overseas to participate in U.N. peacekeeping operations and other missions whenever necessary.
KEPCO trying to lure people from homes on hot days with online coupons
Kansai Electric Power Co. has come up with a novel way to reduce day-time electricity consumption in households  during the hottest days of summer. In an effort to reduce demand during peak periods, it will try to encourage residents to leave their homes and go shopping by offering coupons online that provide discounts or additional membership points.

## China ##
Who Will Be Assigned To Eat The Losses 'Hidden' On China's Balance Sheets?
China's Local Governments Pile On Stimulus
Secret Path Revealed for Chinese Billions Overseas
China banks suspend controversial yuan remittance scheme: WSJ
China Bought $22 Billion Worth Of US Homes Over A Recent 12-Month Span
Fast, Cheap and In the Red: Beijing's Subway System Bled $558 Million Last Year

## UK ##
New data bill contains 'sweeping surveillance powers that affect everyone in UK'
Complaints about energy firms reach record high
Patients denied vital operations by NHS bodies, surgeons report
Patients are being denied access to vital surgery by NHS bodies, which are ignoring guidelines and choosing to ration some operations, according to an investigation by the Royal College of Surgeons.
UK inflation in unexpectedly big rise in June
Lost US extraordinary rendition files have 'dried out', Foreign Office says
Days after claiming the Diego Garcia transfer files had been destroyed by water officials backtrack, saying they are readable

## US ##
Economists lower forecasts for US growth
Pentagon gives pink slips to thousands of soldiers, including active-duty officers
Here's the new worry that's consuming Wall Street
Despite a blockbuster June employment report, buffeted by positive auto sales and same-store retail sales numbers, many investors and strategists worry that American consumers just don't have the cash, or the willingness to spend it, that is required for the recovery to continue.
US companies look overseas for tax bill relief
A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.
Yellen says Fed easy money needed even after recovery: report
How the US is creating a low wage workforce: Foreign born workers earn 79.9 percent compared to native born workers.
Trump Plaza to Close, Costing Atlantic City 1,000 Jobs
When You're Poor, Money Is Expensive
For tens of millions of Americans without a bank account, paying a bill isn't just an odyssey. It's a part-time job.
'Six Californias' plan gets enough signatures to make 2016 ballot
Yellen Warns Investors
California water use rises amid crippling drought
TSA Fee Hike Will Be Used to Pay Down Federal Deficit
Starting next week, air travelers will pay more when they fly. But the money won't necessarily go to improve airport security.
Obama: Road bill only a 'short-term fix'
Fed's Misbegotten Effort To Pump-Up Housing Prices Has Backfired: Affordability Now Plummeting
Company limits bathroom breaks to 6 minutes a day


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