Wednesday, August 20, 2014

 

News Links, August 19-20, 2014

## Global Ponzi meltdown/House of Cards ##
Foreigners Dump Record Amount of US Securities, But Who the Heck Is Still Buying?
EU Trains for Bank Closures With U.S. Agency That Shuttered 500
Recovery Mirage in Spain Dissipates Into Ashes
France scraps deficit target, as eurozone recovery halts
Russia launches China UnionPay credit card
Ukraine Overnight Interest Rates Soars to 17.5%; External Debt Cannot Be Paid Back; Ukraine Demands Rebels Surrender
Russia Widens Ruble Band as Free-Float Plan on Track
Argentina and 10 More Countries Near Bankruptcy
Rising Robots: Is it Obvious Robots Cost Human Jobs? Looking for Someone to Blame?
Class still counts on zero-gravity flights
Ukraine's Next Crisis? Economic Disaster
UAE credit bills surge 21% during 2013
Are Capital Inflows Propping Up U.S. Markets?
Idiot's Guide to Austrian Economics
Peak Inequality: The .01% And The Impoverishment Of Society

## Airline Death Spiral ##
UN urges exit screening for Ebola at some airports
Monarch Airlines to cut workforce in shift to becoming low-cost carrier
IATA Appeals for Airline Access to Ebola-Hit Nations
Airlines should maintain services to Ebola-hit regions that need connections with the outside world, the International Air Transport Association said today after more carriers put flights on hold.
Qantas loss tipped to top $1bn
Qantas 'may cut $1 billion from its international business'
Thai Airways will restructure after a large 2Q2014 loss
Regional flyers looking for more comfort 
US bans all American airlines from flying over Syria

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian choppers in China for multinational drills
Russia considering boosting Navy's operational readiness
Isis threat: David Cameron wants an alliance with Iran
Britain must prepared to ally itself with Iran to combat the "shared threat" of Sunni Islamist extremists in Iraq and Syria who want to create "a terrorist state" that could extend to "the shores of the Mediterranean," David Cameron has said.
Ron Paul On 24 Years Of War In Iraq: What Have We Accomplished?
Russia's sanctions threaten both EU farmers and policymakers
Russia's food import ban has become a big problem for Europe's farmers, and its central bank policymakers. From Polish apples to French pork and Greek peaches, exporters to Russia may either have to slash prices, or destroy their own produce.
Egyptian cease-fire efforts collapse
Getting The Ukraine Narrative Straight: Washington Started This Fight, Not Putin
Ukraine: Dozens killed in shelling of convoy
Ukraine accused pro-Russia separatists of killing dozens of civilians in an attack early Monday on a convoy fleeing a besieged rebel-held city. The rebels denied any attack took place, while the U.S. confirmed the shelling of the convoy but said it did not know who was responsible.
Dr. Putin's Diet Plan And The Folly Of Sanctions
Europe pays farmers to destroy food hit by Russian ban
Pentagon Deploys Fighter Jets to Eastern Europe
Libya's Tripoli Sees Unidentified Warplanes, Explosions While UN Condemns Violence
Aquino says Chinese survey ships seen in Philippine waters
Chinese troops enter 25km into Indian territory
Gunmen steal €250,000 in Paris heist on Saudi Prince's motorcade
Gunmen have attacked a convoy of cars belonging to a Saudi Prince in Paris, stealing sensitive documents and 250,000 euros in cash.
U.S., South Korea increasing anti-submarine warfare cooperation

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Negro Spring': In Ferguson Protests, The Middle East Sees Similarities
Ferguson: Generations Of Economic Inequality Fuel Violent Protests
Photos Of Ferguson Unrest 2014: Police Use Tear Gas On Protesters
National Guard deployed to Ferguson
Protesters Storm Governor's Office In Downtown St. Louis, Demand Removal Of National Guard
Thousands protest in Times Square over Michael Brown shooting
St. Louis Cops Shoot and Kill Man Near Ferguson, Crowd Gathers
Ferguson Security Forces Use Armored Vehicles To Disperse Protester Crowd In Tense Moments
Sainsbury's store strips shelves of kosher food as protestors gather outside
Activists Block Israeli Cargo Ship From Entering Port of Oakland
Calls for Revolution, Civil Disobedience in Pakistan as Protests Continue
Is rising unrest in China a threat to the economy?
Incidents of unrest in China are increasing, and analysts told CNBC the country's one-party government may be getting more concerned about the broader impact on social and economic stability.
Anti-fracking group stages day of action (UK)
Social media 'Purge' campaigns spark fear of bloody copycats

## Energy/resources ##
West's historic drought stokes fears of water crisis
Germans Happily Pay More For Renewable Energy, But Would Others?
While Germany is breaking world records for the amount of sustainable energy it uses every year, German energy customers are breaking European records for the amount they pay in monthly bills.
Nuclear renaissance: Nuclear Construction: Never On Time, Or Budget
Nuclear renaissance: South Korea running out of spent nuclear fuel storage space - advisory body
South Korea needs to quickly find additional space where it can store its spent nuclear fuel because some of its temporary storage capacity will be full by 2016, an independent body that advises the government on nuclear issues said on Monday.
How The Worsening Ukraine-Russia Crisis Will Affect Energy Markets
Central agency says south India power shortage set to worsen
Fuel shortage threatens national security (Ghana)
Japan's Tsuneishi warns power shortage to crimp PH shipbuilding operations next year (Philippines)
Ukraine says ready for short-term compromise on Russian gas price
Ukraine may have an energy problem besides nat gas
Ukraine is running low on coal because of violence wracking in the country, according to a Ukrainian coal producer and a private equity firm that makes energy investments in Ukraine.
Lukoil ships oil from southern Iraqi port
Iraqi Kurdistan oil pipeline export capacity to double
Oil Search Ltd. suspends work in Iraq
Solar Boom Driving First Global Panel Shortage Since 2006

## Got food? ##
Hunger in America: 1 in 7 rely on food banks
Hungry Heroes: 25 Percent of US Military Families Seek Food Aid
As risk of drought rises, Australian farmers struggle to invest
Already one of the world's top agricultural producers, Australia has ambitions of becoming a "food bowl" to Asia as it tries to diversify its economy to counter the waning of a decade-long mining boom that brought the country riches. That goal is threatened by its harsh climate - private insurance to protect against drought is generally too expensive for farmers, undermining their capacity to invest to boost output as they must if Australia is to feed more of Asia's fast-growing middle class.
U.S. farmers fight poisonous wheat fungus with cleaning, waiting
The "head scab" fungus can produce vomitoxin, a chemical that is poisonous to humans and livestock when consumed at high levels. This year, soft red winter wheat has been hit badly by the fungus, which develops when it rains during the crop's key growing period.
The only food that poor Americans can afford is making them unhealthy
Food crisis in Cameroon
Peanut, almond butter recalled for salmonella risk
EU farmers handed €125 million to offset Russia sanctions

## Environment/health ##
Another Ebola problem: Finding its natural source
In Liberia's Ebola-Stricken Villages, Residents Face 'Stark' Choices
Situation in Liberian capital of Monrovia is "catastrophic," medical experts say
WHO Urges "Exit Screening" Of All Travelers In Ebola-Infected Countries As Reported Cases Go Parabolic
Suspected Ebola patients flee from Saudi health clinic
Food distribution to Ebola quarantine sites scaled up as death toll hits 1,200
Fracking Fluids More Toxic Than Previously Thought
100,000 elephants killed in Africa, study finds
'Streamers': Birds Fried in Midair by Solar Plant, Feds Say
The Year in Heat: World on Track for Third-Hottest on Record
Facing Rising Ocean, Pacific Island Town Must Relocate
Mining Spill Near U.S. Border Leaves Thousands Of Mexicans Without Water

## Intelligence/propaganda/security/internet/cyberwar ##
Chinese hackers stole info on 4.5 million U.S. hospital patients
Boston Police Used Facial Recognition Software To Grab Photos Of Every Person Attending Local Music Festivals
eBay goes down for 10th time this year amid Internet blackouts
Microsoft cloud service Azure restored after partial outage
Microsoft's Visual Studio Online outage hits users worldwide
US won't reveal records on health website security
U.S. government's nuclear watchdog victim of cyber attacks -report
Tips for parents: To post or not to post?
When Will the Government Stop Trying to Send This Reporter to Jail for Telling the Truth?

## Systemic breakdown/collapse/unsustainability ##
Researchers say this year's ecological footprint has already been exceeded
Although there's four months left of 2014, humans have already exhausted the ecological space for this year. This means that there has been more consumption of resources than the planet can handle, and over-consumption is only getting worse, according to researchers.
World's Aid Agencies Stretched To Their Limits By Simultaneous Crises
Police tell Detroiters to buy guns in city riven by race issues and crime
California Drought: Bay Area loses billions of gallons to leaky pipes
Why Were The Police In Ferguson Told Not To Stop The Rampant Looting On Friday Night?
Potholes ahead on the road to scientific discovery could make you sick
Italy: the story of the donkey and the economist
Ebola Outbreak: Liberian Army Ordered to 'Shoot on Sight' Anyone Crossing Sierra Leone Border

## Japan ##
First Studies Of Fukushima Accident Show Serious Effects On Wildlife
Tokyo Weighs Written Guarantee of Nuclear-Plant Safety
TEPCO struggling to freeze radioactive water
Japan looking to buy more stealth fighters in fiscal 2015
SDF holds drill to defend remote islands
Heatstroke sends 2,229 to hospitals
The Japanese delusion
Survey Finds More Job Dissatisfaction in Japan

## China ##
With cigars and crystal, Volvo makes eyes at Chinese rich
Lead contamination scare hits Heinz infant food in China
Guangdong adds 20 mln permits to China's biggest carbon market
Guangdong, the biggest of China's seven pilot carbon trading markets, will this year hand out around 6 percent more emission permits to companies than in 2013, potentially aggravating oversupply that sent prices tumbling earlier this year.
China plans to fight terror with 'dozens' of new cities
Just when you think you've heard it all, someone comes up with an even dumber idea. -- RF
Direct investment down 17pc as China's factories lose allure
Compare: Turnout for Hong Kong's Pro-Democracy and Pro-China Rallies
Denying Historians: China's Archives Increasingly Off-Bounds
Further Signs of China's Slowing Property Markets

## UK ##
Over-65s in work increases to more than one million since start of coalition
Sainsbury's removes kosher food from shelves amid fears over protesters
EU exit could force Wall Street banks to desert Britain
Some foreign banks are reportedly already drawing up plans to move activities abroad amid concerns that the UK is drifting further away from the EU
Hundreds of children taught in classrooms with over 70 pupils
Hundreds of children are being taught in classes with more than 70 pupils amid a growing crisis over primary school places, according to official figures.
British Bosses Are Paid 143 Times More Than Staff
London Home Asking Prices Plunge Most in More Than Six Years
DIY divorce: Britons pay 30pc less to split
Rail fares to rise by average of 3.5% in January
Campaigners demand curbs on above-inflation fare increases, as ticket prices rise nearly four times faster than wages
'Not for Shale': UK Protesters Launch Widespread Actions Against Fracking

## US ##
Reports: Autopsy shows Michael Brown shot six times
Human Rights Watch USA – Amnesty International Deploys in America
The World Comments on Ferguson – Egypt Urges Restraint While China Tells the U.S. to "Stop Pointing Fingers"
Video of the Day – CNN Anchor Wonders Why Police Aren't Using Water Cannons in Ferguson
Why so much anger in Ferguson? 10 facts about the massive economic gap between white America and black America
Only Rich Know Wage Gains With No Raises for U.S Workers
One in Seven Americans Rely on Food Banks for weekly food: Study
36% Of Americans Haven't Saved Anything For Retirement
Your paycheck has been shrinking for 5 years
6 Large Companies That Do Subprime
Ben Bernanke's Bogus Bromides: Trickle-Down Failed Again
USDA: Cost to raise child up slightly to $245,340
Why city dwellers pay more to raise kids
College Tuition Costs Soar: Chart of the Day
The cost of higher education has jumped more than 13-fold in records dating to 1978, illustrating bloated tuition costs even as enrollment slows and graduates struggle to land jobs.
Part-Time Workers a Full-Time Headache on Yellen Radar: Economy
The poor get poorer: Low-wage jobs still dominate
Oklahoma Wind Power Companies Run Into Headwinds
Twilight of democracy: Los Angeles Considers Giving Citizens Lottery Tickets if they Vote
Jamie Dimon's Big $13 Billion Secret – The Truth Behind the JP Morgan Settlement
Naturally, the settlement merely served to once again demonstrate that white collar crime pays in America. Jaime Dimon's compensation was raised 74% last year to $20 million, the company's stock is near an all-time high, and nobody went to jail.
Debt collectors are now preying on other debt collectors

And finally...
Man drives car into swimming pool after shoe gets stuck
Three pairs of 'Zoo Jeans' ripped by lions and tigers sell for a combined $3,500
Man shows up for jail in T-shirt with mug shot


 

News Links, August 16-18, 2014

## Global Ponzi meltdown/House of Cards ##
Hong Kong Cuts Growth Forecast After Unexpected Contraction
France's Housing Construction "Recovery" From Hell
France rebels against austerity as Europe's recovery collapses
Brazil's World Cup Hangover: A Shrinking Economy
Spanish public debt tops one trillion euros
Italy's Renzi must bring back the lira to end depression
QE will come to the eurozone – and, like elsewhere, it will be a failure
The trend for part-time work sweeping the world: Part-time work dominating jobs in the United States, Canada, and Japan.
Deere to lay off more than 600 at four U.S. plants
Cut, baby, cut! -- RF
NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy
Can The Enigmatic Chinese Businessman Behind The Nicaraguan Canal Complete The Project?
Russia may become World No. 2 gold miner this year
Rocky Days Ahead: The GDP "Growth" Story Is Getting Tired
Neighborhood Economic Bully – America Recklessly Throws its Weight Around
Afghanistan running out of cash as poll deadlock drags on
Japan-style lost decades give Seoul jitters as household debt tops quadrillion won
McDonald's summer camp seems to be thinly veiled child labor
Emperor Augustus stables in Rome to be reburied due to lack of funding
The fate facing Augustus' monuments contrasts with his glittering rule over the burgeoning Roman empire, which expanded into Africa, Germany and Spain during his 41 year reign.
U.S. Investment Outflow Hits Record as China Cuts Holdings

## Airline Death Spiral ##
Ebola Regional Spread Puts African Airline Links at Risk
South Korea Eyes Easing Tough No-Fly Zone Rules
Struggling with rising fuel prices and lackluster passenger traffic, South Korea's airlines have a major obstacle that prevents them from cutting costs: Too many no-fly zones over the domestic skies.
SkyWest tells city it's shutting down Chico airline service
Garuda could delay aircraft deliveries, cut long-haul routes after 1H losses
Governments keen to keep their money-losing airlines aloft
Finnair, struggling to implement cost cuts, warns on profits
Air Canada Expands Preferred Seating Options for Customers Seeking Additional Legroom on North American Flights
The 7 Secret Fees That Make Airplane Tickets More Expensive

## Fault lines/flashpoints/powder kegs/military/war drums ##
World peace? These are the only 11 countries in the world that are actually free from conflict
Nato-Member Turkey Threatens Western-Owned Banks, Shifts East, Cozies up to Russia
Finland President Heads to Russia to Meet Putin; Phone Rings in Switzerland Over Cheese
"Anti-Putin" Alliance Fraying: Germany, Slovakia, Greece, Czech Republic Urge End To Russian Sanctions
Russia's food import ban is a boon for these Brazilian, Swiss, and Turkish companies
Rebels Inflict Heavy Damage on Ukrainian Military Vehicles; Anti-Putin Sanction Alliance Crumbles
Ukraine says troops entered rebel-held city
Ukraine separatist leader says rebels getting tanks and reinforcements
Ukrainian rebels are receiving new armoured vehicles and fighters trained in Russia, with which they plan to launch a major counter-offensive against government forces, a separatist leader said in a video released on Saturday.
NATO Would Respond Militarily To Crimea-Style Infiltration: General
Kurdish Forces Retake Parts of Iraq's Largest Dam
Sunni tribal leaders offer to battle Islamic State if Baghdad makes concessions
US Sending More Arms to Lebanon to Fight Militants
Nigeria's Brutal Islamist Sect Boko Haram Stages Fresh Mass Kidnap
Islamic State: ISIS Makes Gains On Rebel Strongholds Near Aleppo And Executes 700 From Syrian Tribe
Hamas Rejects Egyptian Cease-Fire Proposal, Says Its Demands Must Be Met
Former enemy Vietnam seeks U.S. help to counter China

## Global unrest/mob rule/angry people/torches and pitchforks ##
Two anti-government marches arrive in Pakistani capital
Imran Khan Calls For Civil Disobedience In Pakistan
Fallout from Canadian Mining Disaster Continues As First Nation Delivers Eviction Notice
Gov declares emergency, imposes curfew in Ferguson
Ferguson, Mo., stores looted overnight
Police deploy tear gas to impose Ferguson curfew
Tesco store trashed by Gaza protesters
Hong Kong Rally Against Occupy Central Attracts Thousands

## Energy/resources ##
Alberta's oil sands among riskiest energy plays in the world, report says
Some of the world's costliest energy projects are in Alberta's oil sands and some could be cancelled without higher oil prices, according to a new report by a London-based financial think-tank that focuses on climate risk.
Puerto Rico keeps the lights on, but debt crisis far from over
Will 15% Of Uranium Supply Be Lost On August 28th?
IEA report implies US crude production may start to peak 2016
Power cut hits 27,000 on Western Isles, Skye and west Highlands
Brazil Drought: São Paulo Could Run Dry in Less Than 100 Days
California Drought Spurs Groundwater Drilling Boom in Central Valley
Drillers have more work than they can handle, as water tables fall and experts warn of long-term consequences.
Ukraine starts test imports on gas link from Slovakia
Germany Reaches New Levels of Greendom, Gets 31 Percent of Its Electricity From Renewables
Kurds sell 3rd major oil cargo, 4th heads to Croatia
Nuclear renaissance: Delays for SC nuclear plant further pressure industry; questions over potential delays in Ga.Expensive delays are piling up for the companies building new nuclear power plants, raising fresh questions about whether they can control the construction costs that crippled the industry years ago.
The cost of caring for Europe's elderly nuclear plants
Household rubbish from the Home Counties is being used to keep lights on in Europe

## Infrastructure scavenging ##
Metal thieves expose SA pedestrians to dangers

## Got food? ##
Millions face food shortage in East and Central Africa: Aid agency
Ebola may leave 1 million in need of food help
Farmers and Consumers Seeing Spike in Food Prices
Cost Of California Farming Grows
Mussel 'catastrophe' puts French moules-frites at risk
Mussel growers in western France have called for emergency state aid as they face an "unprecedented" squeeze following a 90-per-cent plunge in production of the shellfish blamed on bad weather and pollution.
Score one for vegetarians — meat prices are surging in Canada
Companies That Control the World's Food

## Environment/health ##
Ebola epidemic has been 'vastly' underestimated: WHO
One patient in a 200-bed hospital: how Ebola has devastated Liberia's health system
WHO: Ebola cases surpass 2,000
Guinea reopens Ebola clinic as sick spill over border
Liberia: Ebola fears rise as clinic is looted
Liberian officials fear Ebola could soon spread through the capital's largest slum after residents raided a quarantine center for suspected patients and took items including bloody sheets and mattresses.
Struggling Liberia creates 'plague villages' in Ebola epicenter
Alabama Facing 'Serious' Tuberculosis Outbreak In Prisons
How Much? Some Generic Drug Prices Are Skyrocketing: Analysis
Tibet's glaciers are warmer than they've been in 2,000 years
'Garbage Patch' in Pacific Grows to Hundreds of Miles
Even With $100 Million, WHO Says It Will Take Months To Control Ebola
Lake Erie Algae Bloom Crisis Is Putting Pressure On Ohio, Farm States To Tackle Agricultural Pollution Problems
Minnesota City Passes "Bee-Safe" Policy
Shorewood, Minnesota has become the first city in the state, and the third city in the nation to pass a bee friendly policy. The city council unanimously approved a "bee-safe" resolution that encourages planting bee-friendly flowers and restricts the bee-killing pesticides, neonicotinoids. The city has already begun planting clover, which will provide nectar and pollen forage for bees in city parks.
Hundreds of bioterror lab mishaps cloaked in secrecy
More than 1,100 laboratory incidents involving potential bioterror germs were reported to federal regulators during 2008 through 2012, reports show. Details of what happened are cloaked in secrecy.
Monsoon floods hit north India, 1,500 villages under water

## Intelligence/propaganda/security/internet/cyberwar ##
Sharks are biting Google's expensive cables
German security recorded Clinton conversation: media
Web Trolls Winning as Incivility Increases
Supervalu becomes latest to suffer data breach
Australian foreign minister's phone hacked by unnamed country during stand-off with Russia over MH17
Chinese national in custody for allegedly hacking into Boeing computer
One of NSA's Biggest Contractors Will Now Be Recording Your License Plate Numbers
You Can Get Hacked Just By Watching This Cat Video on YouTube
Washington's Propanda Machine At Work: The Hushed-Up Hitler Factor In The Ukraine

## Systemic breakdown/collapse/unsustainability ##
Slow pace of rail recovery stirs fear of future woes
More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
Is Collapse the Only Real "Fix" to Our Healthcare and Legal Systems?
Ford recalls 160,000 Focus, Escape models for wiring problem

## Japan ##
Japan's Keynesian Demise: A Cautionary Tale For Our Times
A sudden, sharp contraction may be more than a blip
Japan's tax hike still hurting personal spending: Nikkei survey
Yubari, Japan: a city learns how to die
Japan plans tax cuts for big capital spenders
Japan plans fund to develop military technology with universities

## China ##
Chinese Power Consumption Crashes: Lowest Growth In 16 Months, Tumbles 10% In Shanghai, As Much As 22% Elsewhere
Cloud-Seeding Can't Save China's Farmers from Serious Drought
In Shanghai, Free-trade Zone Fails to Rev Up Car Makers
China Bank Bad-Loan Buffers Slip in Sign of Profit Pressures
Chinese banks' loan-loss reserves fell to the lowest level against soured debt in three years, signaling a looming drag on profits from the need to set aside more money as delinquencies rise.
China wraps up anti-Japan propaganda campaign
Shanghai's economy turns in disappointing picture
Brain Drain and Capital Flight: 64% of Wealthy Chinese Plan to Leave China

## UK ##
Glasgow's last shipyard Ferguson Shipbuilders set to close
How Cherie Blair earns £1,000 an hour from the Kazakh taxpayer
Town set to turn off street lights

## US ##
U.S. retailers feel the pinch as frugal shoppers curb spending
The Depleted American Consumer Has Spoken: There Is No "Escape Velocity" In Sight
Will subprime auto loans ignite another credit crisis?
Fed reports $101 billion in new auto loans between April and June with a sizable portion being in the form of subprime debt.
Perry stands by decision to deploy National Guard
Congressman Hank Johnson of Georgia Will Introduce Bill to Stop the Militarization of Police
Tiny Georgia police department posts terrifying SWAT video
Foreign holdings of Treasury debt top $6 trillion
Ferguson Unrest Shows Poverty Growing Fastest in Suburbs
Detroit to Sell Millions in New Debt to Settle Bankruptcy
Postal Service still losing money despite rate hike
Hemp homecoming: Rebirth sprouts in Kentucky
At last, something sensible. -- RF
CITI: The Economy Has Entered Its Scary 'Phase 3' Where Bubbles Form Prior To A Crash
Nanny state alert: South Carolina Woman Arrested for Cursing in Front of Her Kids
Atlantic City fears closing casinos may be eyesore
Haves, have-nots divided by apartment poor doors
Have insurers found new ways to avoid the sick?
Even the Upper Middle Class Struggles to Save Money
Great Graphic: U.S. Household Debt Has Barely Fallen

And finally...
Pastafarian fights for his right to wear a colander on his head in driving licence photo


Thursday, August 14, 2014

 

News Links, August 14-15, 2014

## Global Ponzi meltdown/House of Cards ##
Why China Might Begin Dumping Its $1.3 Trillion Hoard Of US Treasuries
Government Of Canada Prepares For A Housing Crash
14 Reasons Why The U.S. Economy's Bubble Of False Prosperity May Be About To Burst
Are There No Hard Limits on Financial Finagling?
Slovak PM warns "meaningless" Russia sanctions will jeopardize EU economy
Euro zone economy grinds to halt even before Russia sanctions bite
Commercial sex industry hit by price deflation: Report
Wages in U.S. down 23 percent since 2008, report shows
"360 Burgers per Hour" – Meet the Burger Flipping Robot that Could Change Fast Food Forever
Dr. Copper takes a hit
Ukraine's currency is collapsing, and there isn't much it can do to stop it
Cisco cutting 8% of workforce, or 6,000 jobs, in restructuring plan
Cut, baby, cut! -- RF
Russia, Egypt looking to create a free trade zone - Putin
Japan and Italy break sovereign debt load records
Greece's collapse is officially worse than the US Great Depression
French economy stagnates in 2nd quarter
Germany's economy losing momentum
In South Korea's New Economic Plan: Treehouses
Governments are trying everything they can think of in a bid to stimulate their moribund economies, but these attempts are doomed to fail because they are aimed at propping up a dying system instead of at letting their economies devolve to a lower energy level. -- RF
Gold going to $5,000 per ounce: Mining executive
The Draghi Delusion: Why European Peripheral Debt Is Fixing To Plunge
Putin Says The Petrodollar Must Die, "The Dollar Monopoly In Energy Trade Is Damaging Russia's Economy"
Japan-U.S. auto talks leave TPP spinning its wheels
Cybercrime's Global Costs

## Airline Death Spiral ##
JetLite to be Scrapped as Airline's Losses Mount
LATAM Airlines posts loss as fans stay put for World Cup
Southwest Airlines is Scaling Back
Allegiant Air adds boarding pass fee
Allegiant Air is adding a boarding pass fee next month and the carrier's baggage fees are going up on Wednesday.
Thai Airways to slash executive perks
Thai Airways International (THAI) will sharply cut its executives' transport allowances as it moves to improve its business performance and tackle losses. 
Is India's Latest Airline Startup Doomed to Fail?
Kenyan Health Workers Fear Ebola May Take Flight
Struggling Skymark Airlines to stop flying from Narita airport, hike fares

## Fault lines/flashpoints/powder kegs/military/war drums ##
Hillary the Hawk Is Out of Her Cage
The Empire Reaps the Jihadist Whirlwind
For more than three decades, the U.S. has deployed Islamic fundamentalist surrogates to fight its imperial wars in Muslim lands. Now, the world's most successful jihadists have turned on their former masters – and will soon go after the Gulf oil states.
U.S. Could Use Ground Troops to Aid Rescue of Iraq Refugees
Iraq Escalation: US Troops Headed Back to Fallujah
Islamic State seizes more territory in Syria: monitor
Syrian Rebel Commander Says He Collaborated With Israel
The Roots of the Iraq and Syria Wars Go Back More than 60 Years
Iraq Prime Minister Nouri al-Maliki Steps Down In Favor Of Haider al-Abadi And A Unified Government
With Mount Sinjar crisis over, Obama authorizes continued airstrikes against Islamic State
US Expanding Military Operations in Iraq
Russian Ban Sends Polish Food Producers Plunging to 5-Year Low
Russia Sanctions Blowback: Finland's Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO
The Sanctions Are Now Eating their Lunch: Russian CEOs Beg for Bailouts, German Economy Swoons
US Sending 600 Troops, APCs And Tanks To Countries Bordering Russia To "Reassure Threatened Allies"
Ukraine death toll spikes as attacks intensify
Russian armoured vehicles and military trucks cross border into Ukraine
Pakistan's Quetta airport hit by deadly bomb and gun attack
Report: White House in the Dark Over Arms Supplies to Israel

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tear Gas, More Arrests in Ferguson, Missouri
Missouri police fired wooden bullets at crowd during protest over teen's death
The Ferguson Shooting of Mike Brown: The Questions the Police Won't Answer

## Energy/resources ##
Mexico Oil Output Bloated by Water Barrels, Official Says
International oil producers halt northern Iraq operations
ISIS: A Growing Oil Producer in Iraq and Syria
Street lights in Northern Ireland to be switched off due to budget cuts
Nationwide blackout hits Malta
Eskom: Power system remains tight (South Africa)
Two weeks recovery period if system collapses – Eskom
Germany's RWE warns of supply risks as power sector crisis bites
Germany's RWE reported a 40-percent plunge in first-half profits, blaming loss-making power plants and warning that power supplies were under threat unless a European energy sector crisis was fixed.
When will Kazakhstan's Kashagan be able to restart production? (podcast)
Consent for Norwegian arctic drilling given
Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada
Fracking Operators Illegally Injecting Diesel Fuel, Study Finds
Ukraine Passes Russian Sanctions Law: Gas Transit Halt Seems Imminent
As Demand For Oil Drops, Worries Rise For Debt-Heavy Companies
Shell Sells More US Gas Assets Amid Cost Cutting Drive
US Natural Gas Inventory Growth Slows

## Infrastructure scavenging ##
Metal theft a possible factor in major Detroit flooding
Thieves risk their lives to steal electric cables

## Got food? ##
Beef Products Inc reopens plant as 'pink slime' lawsuit proceeds
Beef Products Inc will reopen a Kansas processing plant on Monday to boost production of "lean finely textured beef," which critics call "pink slime," as wholesale beef prices soar with a shrinking U.S. cattle herd.
Perdue recalls 15,000 lbs of chicken nuggets after plastic discovered in meat
Coffee Shortage Spurs Counterfeit Grinds
Coffee producers are adding fillers to ground coffee, according to new research by State University of Londrina in Brazil and presented this week at a meeting of the American Chemical Society. The common filler ingredients that have been found include wheat, husks and sticks, soybean, acai seeds, barley, corn, rye and brown sugar—even clumps of earth.
Islamic State Militants Grab New Weapon: Iraqi Wheat
Shifting Climate Has North Dakota Farmers Swapping Wheat For Corn
Illinois company is latest to test market for carp

## Environment/health ##
Oil companies fracking into drinking water sources, new research shows
Energy companies are fracking for oil and gas at far shallower depths than widely believed, sometimes through underground sources of drinking water, according to research released Tuesday by Stanford University scientists.
WHO: Ebola death toll reaches 1,069 in West Africa
Ebola outbreak: Guinea declares health emergency
Extreme weather becoming more common, study says
The Secret Bataclysm: White Nose Syndrome and Extinction
"Sky-rocketing" tiger trade blamed on growing Asian wealth
A leading conservationist warns that the illegal trade in tiger parts for medicinal purposes is increasing, despite improved efforts to save the world's largest cat.
U.S. says reopening New Mexico nuclear waste dump is top priority
Strong Storms Shatter Records on Long Island, Cars Nearly Submerged
Decision could boost use of popular weed killer
Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide - and on genetically modified seeds to grow crops designed to resist it.
UNICEF Report: Africa's Population Could Hit 4 Billion By 2100
Highly unlikely. -- RF
Antarctic Melt May Lift Sea Level Faster in Threat to Megacities
Derelict fishing nets have turned the bottom of the sea into a death trap
The Risky Rise of the Dams
With mining growth comes larger, deeper, more unwieldy tailings ponds, experts warn.
Vaquita porpoise on the verge of extinction
Giant Amazonian fish now 'locally extinct' in many areas
Death By Salt? New Study Finds Too Much Sodium Is A Global Killer
Study: Flies on food should make you drop your fork

## Intelligence/propaganda/security/internet/cyberwar ##
NPR Is Laundering CIA Talking Points to Make You Scared of NSA Reporting
In Midst of War, Israel Clamps Down on Internal Dissent
From crackdown on the press to mob beatings of protesters, critics of Gaza assault within Israel face fierce retaliation.
Internet routers hitting 512K limit, some become unreliable
Chilling Echoes of Past, as Spain Cranks Up Political Repression
Snowden Claims NSA Knocked All of Syria's Internet Offline
Anonymous-affiliate hacks Twitter account of Russian PM Dmitry Medvedev
Google removes Telegraph stories about explosives arrests
Do Not Fear This Giant Robot Swarm
Video of Ferguson police gassing news crew and dismantling their equipment
11 Shocking Facts About America's Militarized Police Forces
Police Faulted Over Use of Military Tactics in Ferguson

## Systemic breakdown/collapse/unsustainability ##
Peak mileage and the diminishing returns of technology
We're Relying on Phantom Wealth to Fund Our Retirement
The narrative that Social Security, Medicare and pension funds invested in stocks and bonds can fund the retirement of 65 million people is a misleading fantasy. The sad reality is we can't fund the enormous expense of retirement/healthcare for 20% of the populace out of our national earned income, and the savings that have been set aside are either fictitious (the Social Security Trust Fund) or based on phantom wealth created by speculative asset bubbles in stocks, bonds and real estate.
Is the Internet full? Major sites brought down by technical problems
Likely repeat of this week's technical problems affecting eBay would cost the economy millions as the Internet runs out of space, experts fear
Jaguar Land Rover recalling nearly 41,000 vehicles
Land Rover recalls 46,515 SUVs in U.S., Canada for air bag issue
Ford recalls 83,250 cars and SUVs for faulty axles
Hetch Hetchy water tunnel in danger of 'catastrophic collapse'
Mountain Tunnel, a key part of the Hetch Hetchy water system - which supplies 2.6 million Bay Area residences and businesses - is at risk of a "catastrophic collapse" and will cost more than $100 million to repair or up to $630 million to replace, according to the San Francisco Public Utilities Commission.
Energy and the Economy – Twelve Basic Principles
This should be required reading for all politicians and economists. -- RF

## Japan ##
Surprise, surprise: Japanese economy contracts on account of sales tax increase
The Three Arrows of Abenomics – Promise, Hype, and Hope
Bank Of Japan Plunge Protection Team Goes Into Overdrive, Buys Most ETFs Since 2010
Japan second quarter machinery orders plunge; weak outlook challenges policymakers
40% of homeless in Tokyo experience harassment
Japan's ailing rural towns push free beer, other perks to urbanites in tax-sharing drive

## China ##
New Yuan Loans and Shadow Banking Collapse in China; Record Bank Deposit Slump
China halts some US pork imports over feed additive
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said on Tuesday.
Surprisingly weak China July money data cast doubts on recovery's durability
Capital Flight From China, One Person at a Time, Via ATM and Bitcoin

## UK ##
British Wages Are Falling Despite Economy's Growth
Britain's consumer credit market is a giant ticking time bomb
London housing boom shows signs of cooling as sales stumble
Iraq crisis: British forces on their way - but officials rule out military action
900,000 elderly needing care left to fend for themselves
EDF Energy shuts three UK nuclear reactors after fault found

## US ##
US states' revenues extend fall in second quarter: Report
DEA Paid Amtrak Employee More Than $800,000 To Steal Passenger Information
This Is The Terrifying Result Of The Militarization Of Police
Detroiters ask governor to declare state of emergency
Job = Just Over Broke
Macy's miss doesn't bode well for other retailers
Watch out: 10 things rising in price by fall
Tesla, Fairest Welfare Queen of all, Cracks the Whip
At the same time, we have to see this in perspective. Hybrids, EVs, and other gimmicks to "conserve energy" are futile attempts to prop up a system that has long since exceeded planetary scale. -- RF
Atlantic City Faces Downward Spiral With Revel's Demise 
With casinos struggling, some advocate sports gambling
As another casino in Atlantic City, N.J., plans to close its doors, some believe allowing sports betting could help invigorate a struggling industry.
Uh-oh: Trouble is brewing again in the repo market
Deere posts lower quarterly profit, cuts full-year outlook
Heating fuel stockpiling begins
Consumers Still Sitting On Wallets: O% July Retail Gain Isn't "Sizzling Rebound" From Bad Weather
Companies announce over 700 job cuts in Illinois
Email: Is Going on Vacation Becoming Too Much Work?
US auto loans hit 8-year high, fueled by subprime: NY Fed
The Decelerating Trend In Real Retail Sales Is Unmistakable: From 3-4% in 2010-12 to 1-2% Now
Feudal America creating an army of renters
Like its customers, Wal-Mart is struggling

And finally...
Fake security guard establishes 'no selfie zone' in NYC, demands pictures be deleted


Tuesday, August 12, 2014

 

News Links, August 12-13, 2014

## Global Ponzi meltdown/House of Cards ##
Dubai's Hotels Have the Most Vacant Rooms in 18 Years
The Credit Bubble's "Final Frontier" – Meet Goldman's Fixed Income Global Structured Covered Obligation
Washington's Sanctions And Economic Warfare Are Taking Dead Aim—-At The U.S. Dollar
Alarming Failure of French Economy; Expect Serious Tremors in September
German Economy Backbone Bending From Lost Russia Sales
Russia food ban hurts Moldova, bad omen for others
800 Finnish Dairy Workers Furloughed Due to Russia Sanctions, Others Fired; Brussels to Buy Fruit with Public Money
China Begins Direct Sales Of Fruit & Vegetables To Russia
"World Insecurity" May Have "Positive Impact On Gold" - Ex BOE Mervyn King
Panama Canal chief: drought could limit shipping
Burger-flipping robot could 'completely obviate' the need for human employees
Are our jobs doomed? Report shows the potentially devastating effects of robots on the job market
28 jobs endangered by technology
Machines were going to usher in an age of wealth and enable humans to live in leisure. -- RF
African Bank Charging 60% Interest Rescued to Help Poor
Ebola taking economic toll in African nations

## Airline Death Spiral ##
Virgin keeps better US company than Qantas
Frequent flyer schemes revamped to drive profits in tough times for airlines
Airlines Are Tossing Seat-Back Screens.
Airline Ticket Prices Shown to Vary Wildly Among Seats on the Same Flight
Plane Tickets Are Too Cheap for Airlines to do Much About Pollution

## Fault lines/flashpoints/powder kegs/military/war drums ##
Tanks on Baghdad's streets, but Iraqi prime minister Nouri al-Maliki finally ousted
Fearing Iraq's downfall, power brokers chose safe bet Abadi
Obama Is Fourth Straight President To Bomb Iraq: Is It Working Yet?
US sending arms to Kurds in Iraq
UK to deploy Tornado jets in Iraq for surveillance after Sinjar aid drop fails
US to Supply Kurds with Russian Arms via CIA
U.S. Sending 100 Air Missions Daily Over Iraq
Officials: US to Send 130 More Advisers to Iraq
Ukraine crisis: the neo-Nazi brigade fighting pro-Russian separatists
Ukraine Will Admit Russian Aid Convoy, Despite 'Trojan Horse' Fears
Ukraine closer to passing law for sanctions against Russia
Canada Has Sold Millions in Military-Grade Hardware to Israel
Russia says begins military exercises in Pacific islands also claimed by Japan
Barren rocks fuel South Korean passions in islet spat with Japan
Japan to test first stealth fighter jet
Australia to sign 25-year US Marine agreement

## Global unrest/mob rule/angry people/torches and pitchforks ##
Riot erupts following shooting death of unarmed black teen in Missouri
Second night of rioting in Ferguson
Ferguson Is A Perfect Example Of How Quickly The Streets Of America Can Descend Into Chaos
Picture of the Day – Iraq or the United States? A Photo from Ferguson, Mo
FAA Lifts Ferguson Flight Ban: Airspace Was Restricted Following Michael Brown Riots
#DamLine9: Arrests and Solidarity Blockades Aim to Halt Tar Sands Pipeline

## Energy/resources ##
Must read: Oil and gas company debt soars to danger levels to cover shortfall in cash
The world's leading oil and gas companies are taking on debt and selling assets on an unprecedented scale to cover a shortfall in cash, calling into question the long-term viability of large parts of the industry.
Kyrgyzstan Faces Catastrophic Energy Crisis
Musings: Era of Austerity - The EIA Recognizes Importance of Profits
More on the oil and gas industry's cash flow problem. -- RF
India faces daily power outage of 30,000 MW
Hess suspends Iraqi Kurdistan operations, evacuates staff
It's Blackout Season Again in Honduras
Why Biodiesel May Not Be The Miracle Fuel You Think
Shell To Cut 250 Onshore Jobs At Its Scotland North Sea Operations
With world's cheapest gas, Venezuela eyes price hike
South Stream to Be Constructed Despite Russia-West Stand-Off – Austrian Energy Group
Mexico opens gas, oil to foreign, private firms
Gold Output Is Still Falling In This Critical Center
After offshore oil failure, Cuba shifts energy focus
No, oil isn't behind the US strike against ISIL
I beg to differ. The long-term view is control of oil, and of course any other resources. To claim otherwise is foolish, naive, and unrealistic. OK, so what is the strike against ISIL about, if not oil? Tellingly, this article has little to say about that. Get real, people. The long-term strategy of any global chessboard player is control of resources. Everything else is just pawns on the chessboard. -- RF
Brazil readies big push on solar energy but companies are wary
Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system.
Thailand rules out Nuclear power, says will look at coal to meet energy needs

## Got food? ##
Edible insects fly into spotlight: International conference to promote bugs as a sustainable, healthy [sic] delicacy
Wheat Bears Retreat as Black Sea Supply Risks Mount: Commodities
New Wave of GMO Crops Poised for Approval Despite Public Outcry
California Drought Transforms Global Food Market
Growing Beans: Sustainable Protein
Future appears bright for indoor veggie farms (Japan)
Big surprise in the offing. -- RF

## Environment/health ##
'Houses are bouncing;' quakes trigger controls on Oklahoma oil industry
Giant Waves Pose New Risk for Ships in Ice-Diminished Arctic
Should we open the door to genetically modified babies?
Calls for experimental Ebola drug use grow as virus spreads
Ebola Drug Supply Is Exhausted After Doses Sent to Africa
WHO Warns "No End In Sight" As 170 Ebola Healthcare Workers Now Infected
Spanish priest with Ebola dies in Madrid hospital
Eight Chinese quarantined as panic grips Ebola-hit west Africa
Japan aid agency pulls staff from Ebola-hit nations
French Government Denies Report Of "Several Ebola Cases"; Outbreak Accelerates At Fastest Pace Yet
S.Korea to return 20 kg Japanese steel scrap due to radiation contamination
Radioactive cars from Japan keep turning up in Central Asia
Australia warns of poor outlook for Great Barrier Reef
Asbestos pushed in Asia as product for the poor
Torrential Rains Swamp Detroit
Massive 'Red Tide' Threatens Florida Beaches
Using plants to clean contaminated soil

## Intelligence/propaganda/security/internet/cyberwar ##
The New NSA-Funded Code Rolls All Programming Languages Into One
Twitter admits that as many as 23 million of its active users are actually bots
The One Email System the NSA Can't Access
Biotech's Assault On Balanced Journalism
GMO proponents pressuring Reuters to remove journalist who presents both sides of GMO debate
Video of the Day – Man Easily Crosses U.S.-Mexico Border Dressed as Osama bin Laden

## Systemic breakdown/collapse/unsustainability ##
L.A. Faces $15 Billion Bill as Pipes Spring Leaks: Cities
Los Angeles is showing its age, and city officials don't have plans for financing the facelift. From buckling sidewalks to potholed thoroughfares to storm drains that can't handle a little rain, the infrastructure that holds the second-largest U.S. city together is suffering from years of deferred maintenance.
And it's not only Los Angeles. Cities around the world are falling apart. This should be a wake-up call to those who predict the further expansion of cities and their engorgement with amplified human inflows. Existing urban infrastructure is already unsustainable, so how realistic are the dreams about megalopolises covering vast expanses of the planet with humans and concrete? -- RF
Here's Why Wages Might Rise Despite Millions of Unemployed Being Available for Work
The decline of science: why we are publishing too many papers

## Japan ##
Japan shows sharp contraction in second quarter
Japan Tallies Weak Yen as Prices Rise Without Export Gain
Japan's Tepco may hive off hydro, renewable energy operations-sources
TEPCO seeks to dump radioactive water into sea
'Inflation without Compensation' to Whack Japanese Consumers
Over 30,000 suffer heatstroke across Japan
Heat Stroke Death Toll Reaches 33 in Tokyo
Tokyo Summer Heat Could Fry 2020 Olympics
It's a fair question to ask if the 2020 games will even be held. -- RF
Energy, food costs pushed Japan's wholesale prices higher in July
Power output in Japan fell for fourth straight month in July
Japan's June industrial output downgraded to 3.4% drop
Local banks feeling crunch of rural population decline
Fears reverberate about possible draft despite Abe's dismissal as 'unconstitutional'
Although Prime Minister Shinzo Abe has repeatedly ruled out conscription, fears remain strong among the public about the possibility as Japan heads toward a more expansive defense role in the world.

## China ##
Property Defaults Seen as Financing Stresses Mount: China Credit
China Loosens Monetary Conditions in Test of Credit Power
ISIS plans to take holy war to Xinjiang
Over 150 Chinese 'economic fugitives' at large in US
More than 150 economic fugitives, many of whom are corrupt officials or suspected of graft in China, are at large in the United States, Chinese state media said on Monday, citing a senior official from the public security ministry.
Chinese Gold Demand 1094 MT YTD, Silver Premium At Record High
China flounders in response to violence in Xinjiang
Hong Kong blocks Senkakus-bound boat carrying isle sovereignty advocates

## UK ##
Police want right to see medical records without consent
Inheritance tax: 'Pay up before you die' planned to combat avoidance
Self-harming among children surges to 'unprecedented' levels
Prison inmates held without electricity or running water for over two days

## US ##
US Postal Service loses $2B this spring
Puerto Rico Sees Historic Population Drop as More Come to U.S.
Abandoned America: Everything Left Behind (gallery)
Why Are Men Leaving The American Workforce?
The De-industrialization of America: "True U.S. Unemployment Rate is 23.2%"
It's Not Just Healthcare That's Bankrupt--It's Our Legal System, Too
Teens get hands-on training at FBI "summer camp"
Average Salary in US: What does the average salary in the USA have to do with economic issues for a consumption based economy?
Atlantic City's struggling Revel Casino to close by next month
Why is Obama Still Hiding the 28-Page Report on Saudi Royal Family Involvement in the 9/11 Attacks?
First-Time Home Buyer Dilemma: Overpay or Be Shut Out; Home "Ownership" Slavery
Las Vegas Will Go Dry If Water Levels Drop 7% Further - Lake Mead Hits Record Lows
Student debt threatens the safety net for elderly Americans

And finally...
FL pot thieves arrested while driving away with marijuana plants sticking out car window


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