Friday, July 03, 2015

 

News Links, July 4, 2015

## Global Ponzi meltdown/House of Cards ##
Greek Debt Crisis: Don't Blame Laziness. Greeks Work Longest Hours In Europe, Far More Than French Or Germans
Greek banks may not re-open any time soon
Greek economy close to collapse as food and medicine run short
30% Bail-In Haircuts on Greek Deposits Over €8,000 Coming Up; Banks to Raid Deposits to Avert Collapse
LEAKED: How the Biggest Banks Are Conspiring to Rip Up Financial Regulations around the World
Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?
Trade at Dubai free zones said to reach $140bn this year
Fears of a Pan Am Games flop: Toronto faces empty hotel rooms, unsold tickets and angry locals
With a week to go, there are signs that these games, triple the price of the last Pan Am Games, will be an expensive flop — at least when looking at them through an unsentimental lens.

## Airline death spiral ##
Improving 'awful' isn't airline collusion: Experts
Unruly passenger forces flight diversion
Another WestJet Flight Receives Empty Threat
Flights delayed and cancelled at Toronto's Pearson airport due to labour disruption

## Fault lines/flashpoints/powder kegs/military/war drums ##
Rockets land in Israel, Egypt's IS affiliate claims responsibility
Egypt's Coming Chaos
Saudi-led air strikes on Yemen cities kill 16: Houthis
4th of July fireworks: World War III with China dead ahead
US stockpiling bunker-buster bombs in case Iran nuclear talks fail
Serbia receives assistance to stem illegal migrant flows

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek Debt Crisis: Police Use Stun Grenades in Clashes Ahead of Vote

## Energy/resources ##
South Africa's No. 3 City Starts Water Rations to Curb Shortage
Long live Italy! Can the "sun country" reach one million photovoltaic plants?
Bearish News For Oil Growing By The Day
World's Largest Silver Producer Down A Stunning 12%

## Infrastructure scavenging ##
Verizon offers up to $10,000 for copper theft info
Thieves will steal anything to make a buck
Thieves strip metal from highway light poles

## Got food? ##
Greek villagers' secret weapon: Grow your own food
Drought spreads into key farming areas as El Nino gets going (Australia)
North Korean farmers face dry fields, drought
Kraft-Heinz merger forms world's fifth-largest food-beverage company
El Nino-spawned dry spell to hit Philippine food production
Illegal fishing crackdown: New rules could bring shortages, higher prices for Thai seafood
The Pursuit Of Food Freedom
Eleven disgusting ingredients you eat every day that food companies don't talk about

## Lifestyle solutions ##
What Choice Do We Have?
Community! -- RF

## Environment/health ##
Carbon capture goes down the tubes
6,000 visible stars light up America's 'dark sky' parks
In time the entire world will return to being a dark-sky park. -- RF
Research Confirms Hydroelectric Dams Not Environmentally Friendly After All
Scientists convinced European heat waves boosted by climate change
Scientists Warn Giant Nuclear Sarcophagus in Marshall Islands Is Leaking

## Intelligence/security/internet/cyberwar ##
US Officials Defend Spying on German Media

## Propaganda ##
Government Trolls Are Using 'Psychology-Based Influence Techniques' On YouTube, Facebook And Twitter
The State Department Terrorism Report—–A Witches Brew Of Confusion, Contradiction, Exaggeration And Hypocrisy

## Systemic breakdown/collapse/unsustainability ##
The Superpower Conundrum: The Rise and Fall of Just About Everything
Ford recalls 432,000 North American vehicles over software bug
Puerto Rico Is Emptying of People as Its Economy Disintegrates
As Puerto Rico begins to ration water, close schools and lose its health care system under the weight of a $73 billion debt, tens of thousands of its inhabitants are fleeing to the United States, where prospects of finding a better life are dim.

## Japan ##
Japan's Yen Has Only Begun to Fall
The economic outlook for Japan is not pretty. The country, once the poster child for technological advancement and export strength, has been struggling in both areas.
Record 62% of households in Japan face financial hardship
Japan still set for 2017 tax hike despite struggling economy
Fuel ready to be brought to Sendai nuclear reactor
Toshiba seen lopping more than 150bn yen off past profits
Japan welcomes Mekong leaders in jostle for influence

## China ##
The Untold Cost Of Chinese Economic Growth
China hunts for 'manipulators' as stocks tumble
Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash.

## UK ##
Prince Charles: rewire the global economy to stop climate change
More than one in 10 people in England could not get GP or nurse appointment
BBC to lay off 1,000 people to make up for $234M in lost revenue
Model was key member of 'burkha' smash and grab gang

## US ##
9 Out Of 10 Americans Consume Too Much Salt, CDC Says
Police investigate three early morning smash-and-grab robberies
Fewer people consider themselves 'extremely proud' to be American than decade ago
Chart Of The Day: US Debt-To-GDP To Reach Greek Levels By 2035


Thursday, July 02, 2015

 

News Links, July 3, 2015

## Global Ponzi meltdown/House of Cards ##
The Bill: Germany Faces Billions in Losses If Greece Goes Bust
The Latest: Moody's downgrades Greece to Caa3
Greek Debt Crisis: Finance Minister Threatens Resignation If Voters Accept Bailout Terms
Greece's Largest Industry Suddenly Takes a Terrible Hit
IMF says Greece needs extra €60bn in funds and debt relief
Behind the Greek Crisis
The usual narrative of the Greek economic tragedy is that the country is paying for its past profligacy, but there is deeper back story of political repression fueled by major powers intervening in Greece and contributing to a dysfunctional political system.
Chinese State Official Hints Beijing May Bailout Greece
How Greece Has Fallen Victim To "Economic Hit Men"
Spain is trying to avoid being Europe's next debt bomb
The Black Swan Circling Puerto Rico——Its Bond Insurers Are Stuffed With Toxic Derivatives
Global Debt Time Bomb Ticks – Puerto Rico Is Next
Greece: not the bad apple of the bunch
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
World's largest ferris wheel takes shape in Dubai
Iran takes possession of 13 ton hoard of gold
Monster Spike In Western Precious Metals Demand

## Airline Death Spiral ##
United Airlines jet powered by farm waste, animal fats will be long-awaited milestone for biofuels
What Is Airplane Smell?
US probing possible airline collusion that kept fares high
Airlines Stocks Plunge After DoJ Probes Collusion On High Prices
An 'alarming trend' as air freight industry struggles with overcapacity and low yields
Lost and found: TSA pays nearly $500K in local airport complaints
WestJet flight diverted to Calgary over bomb threat

## Fault lines/flashpoints/powder kegs/military/war drums ##
South China Sea Dispute: Beijing's National Security Law Could Create New Tensions
NSA Leak: "Washington Is Negotiating With Every Nation That Borders China... So As To 'Confront' Beijing"
More than 100 dead as militants, Egyptian army clash in North Sinai
US blocks attempts by Arab allies to fly heavy weapons directly to Kurds to fight Islamic State
US Admits Paying Terrorists For Services Rendered In Syria
Russia In Talks To Supply Armenia With Iskander-M Missiles As Battle Lines Drawn Across Europe
Not pipe dream to think PLA could join fight against ISIS: Duowei
Pentagon Releases National Military Strategy
Dempsey's Final Instruction to the Pentagon: Prepare for a Long War
In a new National Military Strategy, the chairman of the Joint Chiefs of Staff warns the Pentagon to reorganize its global footprint to combat prolonged battles of terrorism and proxy wars.
Hillary Clinton's Failed Libya 'Doctrine'
Libya remains a nation shattered by political chaos and bloody terrorism, a result of the U.S.-backed "regime change" in 2011 that Secretary of State Clinton championed and once saw as her crowning foreign policy achievement, even the basis for a "Clinton Doctrine."
Indonesia to review aging air force fleet after deadly crash
How Space Trash Can Be Used Against The U.S.
Shipping industry part and parcel of West Africa security situation
Russia or China: Who Should Lead America's Enemies List?
Palestinian Arrests By Israel Highest In Years Amid New Law Preventing Detainees From Calling Family
Is Saudi Arabia Leaving The U.S. Behind For Russia?
No breakthrough at Iran nuclear talks, ministers push for deal soon
Boko Haram guns down 97 people praying in mosques in Nigeria
Nearly 200 Killed in Massive ISIS Offensive Against Sinai Peninsula
Globes sold in Philippines assert China's maritime claims

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dong villagers attack police with stones in Guizhou (China)
Greece could face social unrest soon
Pikangikum riot destroyed 3 police vehicles, trashed first floor of police detachment: OPP (Canada)
Riot police break up protests over holidaymaker's arrest death (Netherlands)

## Energy/resources ##
Shale Drillers Lose Most-Precious Asset - the $90 Hedge
The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue. Now the safety net is going away.
Ramadan 2015: Muslims In Saudi Arabia Urged To Conserve Energy Amid Fears Of Power Outages
EIA Data Still Doesn't Add Up
As initially pointed out by Peakoilbarrel.com in a recent article, discrepancies between actual data for oil production in Texas vs. what the EIA claims are so stark it's almost scary. How this can be overlooked by the mainstream media as well as by most of the broker community is even more alarming. Further, how the U.S. oil industry fails to catch it and question it given that their livelihood is tied to it is even scarier.
Arctic Drilling Future Now Rests On One Well
Russian Gas Deal Failure Leaves Ukraine Facing Huge Shortfall Going Into Winter Months
Asia depends on Middle East for 66 % of its oil imports
Mexico Unveils Licensing Plan to Add Million Barrels Output

## Infrastructure scavenging ##
Cable thieves cause disruption to residents, essential services in St Mary
FBI Investigating Attacks On Physical Internet Infrastructure

## Got food? ##
Desperate Greeks Resort To Scavenging Through Garbage To Find Food
The U.S. Is Producing a Record Amount of Milk and Dumping the Leftovers
Compliments, No Name chicken products recalled over salmonella concerns
How Will We Feed a World of Nine Billion People?
We won't. -- RF
Field fires hamper French grain harvest as heatwave builds

## Lifestyle Solutions ##
Are You Suffering From Lifestyle Creep?

## Environment/health ##
Scarce medical care in Karachi drives return of old healing practices
Dangerous heat wave scorching Europe
Demand for omega-3 wiping out krill stocks: Sea Shepherd
Cuba first nation to eliminate mother-to-child HIV and syphilis
Polar bears face steep declines because of melting sea ice: U.S. study
Fiery Derailment of Train Carrying Toxic Gas Sparks Evacuation of 5,000
BP Agrees To Pay $18.7 Billion To Settle Deepwater Horizon Spill

## Intelligence/security/internet/cyberwar ##
XKEYSCORE: NSA's Google for the World's Private Communications
One of the National Security Agency's most powerful tools of mass surveillance makes tracking someone's Internet usage as easy as entering an email address, and provides no built-in technology to prevent abuse. Today, The Intercept is publishing 48 top-secret and other classified documents about XKEYSCORE dated up to 2013, which shed new light on the breadth, depth and functionality of this critical spy system — one of the largest releases yet of documents provided by NSA whistleblower Edward Snowden.
Behind the Curtain: A Look at the Inner Workings of NSA's XKEYSCORE
CSIS website falls victim to yet another cyberattack
The website of Canada's spy agency, CSIS, was offline for several hours again Tuesday after a cyberattack shut it down for the third time in two days.
Study Shows U.S. Police Far More Concerned About "Anti-Government" Domestic Extremists than Al-Qaeda
'Smell fingerprint' could identify every human on Earth, study says
Canadian Surveillance Agency Says Snowden Leaks Were Damaging, Because We Say So
German Deja Vu: Merkel Summons US Ambassador Over New Spying Claims

## Propaganda ##
Who Are the 5.5 Million Facebook Fans of Chinese State Newspaper People's Daily?

## Systemic breakdown/collapse/unsustainability ##
Our Spoiled-Brat Economy
By insuring spoiled brats/vested interests never face the consequences of their actions and choices, we guarantee failure of the entire system.
"Heartbreaking" Scene Unfolds At Greek Banks As Pensioners Clamor For Cash
Ford recalls 433K vehicles amid body control module issues
The Dream of the Machine (Archdruid Report)

## Japan ##
Okinawan news editors lash out at LDP calls for press curbs
Abandoned golf course in Kyoto to be used for 23-megawatt solar power plant
Japan's population marks steepest decline ever
Man who self-immolated on shinkansen 'couldn't live on pension,' says neighbor
Japan's crowded, punctual rail network faces dilemma over security checks
Just as with the airlines, any kind of security apparatus would be a drag on the system. -- RF
Court orders Google to delete search results of lewd behavior arrest

## China ##
China Says Its Toll Roads Suffered A $25B Loss Last Year, But Media Question Figures
China National Security Law Aims to Create 'Garrison State,' Experts Say
New Silk Road A Disaster Waiting To Happen?
When a 77% Gain In four Days Is Not Enough—–Inside China's Lunatic IPO Market
China's Fantastic Margin Bubble——22% Loans To Buy Stock
Images show Chinese airstrip on man-made Spratly island nearly finished
China's growth set to slow in 2015 as easing effects disappoint

## UK ##
British Shale Industry Just Took Another Blow
Royal Navy ships receiving maintenance services in Bahrain
Bank Of England Warns Greece "Threatens To Trigger Market Selloff That Could Ripple Through The Global Economy"
Unaffordable housing forcing a generation of young people out of their home towns, Cabinet minister admits

## US ##
South Carolina Black Church, Once Torched by KKK, Burns Again
Yet another predominately black church went up in flames Tuesday night — this time a South Carolina house of worship that was burned to the ground by Ku Klux Klan members 20 years ago.
Oklahoma High Court Says Fracking Companies Can Now Be Sued Over Quakes
Home-Buying Panic Sets in, Housing Bubble 2 Soars, Industry Drools, But It's Doomed, Says Zillow
First U.S.-made Kalashnikov AK-47s now being sold
Survey says: 35 percent of Americans would expatriate
Exim Bank Bites The Dust Today——Good Riddance To A Crony Capitalist Heist
Establishment Survey +233K Jobs, Household Employment Survey -56K, Part-Time Employment +372K, Labor Force -432K
Jobs Report 2015: What Happened To Summer Jobs For Teens?
Labor-force participation drops to lowest level since 1977
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System
The Coming Era of Pension Poverty
About Those "Accelerating" Wage Gains—–Not Happening!
Study: Mass shootings in the U.S. appear to be contagious
Factory Orders Scream Recession: Annual Drop Biggest Since 2008
Plunge In Export Prices Is Now Worse Than The Great Financial Crisis
Xerox Is Not the Problem, the Whole IT Services Industry Is


Tuesday, June 30, 2015

 

News Links, July 1, 2015

## Global Ponzi meltdown/House of Cards ##
As Deadline Looms, Puerto Rico's Debt 'Is Not Payable,' Governor Says
Puerto Rico Debt Crisis: Government Shutdown, Tax Increases, High Unemployment, Other Woes Plague US Commonwealth
Bond Insurers Crash, Hit by Puerto Rico's Default Shrapnel
Greece Becomes First Developed Country To Default To The IMF
Greece May Not Even Have The Funds To Conduct A Referendum
Greece debt crisis: Banks to remain shut all week
Fitch downgrades Greek banks to 'Restricted Default' after government imposes capital controls
Greece, Democracy and Magical Thinking
Panicked Hedge Funds Now Praying for a Miracle in Greece
Low Interest Rates May Be The New Normal, Bank For International Settlements Says
Does HSBC Know Something Other Banks Don't?
French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals
16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World
Biggest One-Day Selloff in S&P 500 Since Feb 2014
7 photos that sum up what it looks like in Greece today
The Care and Feeding of a Financial Black Hole

## Airline Death Spiral ##
State of Delaware no longer has regular passenger service
Game of Chicken with Iran
In lock-step with Israeli hardliners, U.S. neocons continue their campaign to block a nuclear deal with Iran even if the tight restrictions would serve broad American interests and avert another Mideast war. That has left Secretary of State Kerry in a dangerous game of chicken.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armenians continue protest despite suspension of power price rise

## Energy/resources ##
Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground.
The Coming Financial Apocalypse For U.S. Shale
Bangladesh Running Out of Natural Gas
Dhaka:  Should the current rate of extraction continue, the natural gas reserves of Bangladesh will run out in 2031, which would endanger the energy security of the nation, as revealed yesterday by an official source.
Grow Your Food in a Nook and Cranny Garden, Part 2
Things just got a lot worse over at McDonald's
McDonald's customer satisfaction ratings are getting worse, and it's dragging the rest of the fast food industry down with it, according the American Customer Satisfaction Index Restaurant Report 2015.

Common Chemicals May Cause More Cancer Than Previously Thought
Researchers say they've identified dozens of chemicals that push the body one step closer to cancer, even at low exposure levels.
'Top Predator' Humans Causing Catastrophic Ecosystem Shifts: Study
Human activity is leading to an international decline in the variety of plants and animals through extinction, as organisms not useful to human needs are killed off by ecosystem changes or over-exploitation, according to a new study.

## Intelligence/security/internet/cyberwar ##
WikiLeaks Publishes More Documents Revealing Saudi Connection Against Syria And United States
According to documents leaked by WikiLeaks, a secret treaty among Qatar, Turkey and Saudi Arabia shows they intended to overthrow the Syrian government. The revelation came from Julian Assange, the founder of the controversial website.

## Systemic breakdown/collapse/unsustainability ##
As with the airport/airline security apparatus, the increasing expense of security in all sectors will help drag down the economy even faster. -- RF
Komatsu CEO says sluggish construction sales show worsening China slump
Komatsu Ltd.'s customers in China are reluctant to buy construction equipment because they are unsure when building projects will start, underscoring the challenges the Japanese supplier and its peers face in a market that is cooling more than expected.
They might want to consider Chinese instead. -- RF
Why your patio is making the heatwave even hotter
Government's official climate change advisers urge city-dwellers to stop paving over their gardens
"I think America is out of hand": The shocking numbers that reveal just how burnt out American workers are
Productivity has exploded in the American workforce in recent years, but at a terrible cost

And finally...
#Whoops: Canada cops accidentally broadcast blowjob conversation from helicopter
Police call expert to remove snake from the back of computer, turns out to be a cable


Sunday, June 28, 2015

 

News Links, June 29, 2015

## Global Ponzi meltdown/House of Cards ##
Greece Bank Run Empties Over A Third Of ATMs Of Cash
Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot
Greek Youth Unemployment Rate Above 50%
Macedonia Tells Banks To Pull Money From Greece
Greek Financial Crisis: Greece Orders Banks Shuttered Monday
ECB Considers Constricting Emergency Funding Of Greek Banks
Wave of contagion expected after dramatic weekend raises 'Grexit' chances
The Global Credit Market Is Now A Lit Powderkeg —And markets are totally unprepared
Its 1929 In China—-Here's The Chapter And Verse
China makes 4th recent cut in interest rate to boost economy
Russia Will Hold Key Positions In China-Led Asian Infrastructure Investment Bank
Tunisia Attack Could Be 'Nail in the Coffin' for Tourism
As a merger wave swells, companies dare the government to stop them
Why Banks Rob Depositors: "Because That's Where the Money Is"
War on cash: India, Where Cash Is King, Poised For Mobile-Payments Revolution As Internet Giants Alibaba, Amazon Move In
Why We're Headed Toward A "Cashless Society"
Do Not Ignore Europe… That Same Crisis is Coming to the US
Reem Mall: Another shopping paradise coming to Abu Dhabi – in pictures
Spread across 2 million sq ft, Reem Mall will feature approximately 450 stores, including 85 restaurants and a range of family-focused entertainment offerings.
Dubai's Damac launches new Paramount hotel, residences

## Airline Death Spiral ##
Paris Bomb Threat Forces Evacuation At Charles De Gaulle Airport After Terror Attack
Plane from New York to Kuwait diverts to UK after declaring state of emergency
Airport expansion: It's build, build, build in much of the world
Boston-Bound Flight Turns Around For Passenger Who Wouldn't Stop Smoking

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Developing Electronic System Capable Of Disabling Cruise Missile, Enemy Military Satellites
Huge Disconnect Between NATO Bellicosity And Declining Defense Spending Throughout Europe
Despite the heated rhetoric coming from Stoltenberg and his spin factory, NATO HQ is having a difficult time getting its member states interested at all in the Russian threat. NATO member countries — particularly those most geographically vulnerable to the claimed Russian aggression — are not only not ramping up military spending, but in some cases are actually cutting their budgets.
European tour operators evacuate thousands from Tunisia after attack
Turkey Considering Sending Troops Into Syria To Fight Syrian Kurds, ISIS: Report
The NATO Buildup On Russia's Border——Groundless Pretext For Cold War Revival
Russia to ban Coca-Cola and Pepsi
EUNAVFOR: Switching from pirates to migrants?
Top German Politician Blasts Nuland & Carter: "F##k US Imperialism"

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands March In Honduras To Demand Resignation Of President
Thousands of angry, torch-bearing Hondurans marched on Friday to call for the resignation of President Juan Hernandez and demand an independent probe into one of the worst corruption scandals in the country's history.
Armenian president tries to end days of protests
Armenia's president tried to ease days of tension by suspending an increase in public electricity bills, pending a review of the decision, but failed to end a protest by thousands of people.
Anti-water charges protests in Limerick
Confederate Flag Rallies: Thousands Gather To Support Flag In Several Southern States Over The Weekend
Istanbul Pride 2015: Turkish Riot Police Fire Water Cannon, Rubber Bullets At Pride Parade

## Energy/resources ##
Nigerian president dissolves state oil company board
Many Underground Aquifers In Trouble, New Research Shows
Indebted Shale Oil Companies See Rough Ride Ahead
Germany's oldest remaining nuclear plant shuts down
The Latest: Greek refiner denies rumors of fuel shortages
Stage 2 load shedding hits South Africa today
Emergency plan for total power blackout launched (South Africa)

## Infrastructure scavenging ##
Stone thieves are dismantling Yorkshire's heritage, warn police (UK)
'We're getting calls left and right,' police say of cemetery theft spree
Telekom offers RM1,000 reward to nab cable thieves (Malaysia)
Verizon Offering up to $10,000 for Information Leading to Copper Thieves (US)

## Got food? ##
14 Brands Of Bottled Water Voluntarily Recalled Due To Potential E. Coli Contamination

## Environment/health ##
South Korea reports 32nd MERS death
If you want to be ecologically correct, it would make sense just to let your lawn grow into weeds and bushes, enabling insects, birds, and small animals to thrive. City people would hate it, but the ecosystem would love it. At any rate, the love affair with lawns is unsustainable. -- RF

Container lid bolts for low-level nuclear waste might be failing
The bolts used to secure covers on metal containers for transporting low-level radioactive waste by sea might be failing, Nuclear Fuel Transport Co. disclosed over the weekend.
Retired bureaucrats fill 20% of outside director posts at major companies
Nearly 20 percent of outside directors at major Japanese companies are retired officials who once held high positions at  government ministries and other institutions.

## China ##
China Cuts Interest Rates Again To Support Economy
Chinese city of Shanghai stymies protest over chemical plant
Police in China's financial hub Shanghai took away at least three busloads of environmental protesters outside the city government Saturday, preventing the latest rally that started with a rumor that a petrochemical plant could move into the area.
Calais migrants: Britain to build huge fence at Channel Tunnel port in France
James Brokenshire, the Immigration Minister, tells the Telegraph he is holding urgent talks with hauliers to improve security on foreign lorries and sending two miles of security fencing to tackle the migrant crisis
UK 'not on track to end child poverty by 2020' as figures remain unchanged
Number of homeless families housed in B&Bs rises 300% in five years
Official figures show nearly 50,000 families in England are living in temporary accommodation, laying bare the impact of government cuts
11,000 street lights switched off across Worcestershire - saving taxpayers £2,900 a WEEK

## US ##
These 3 Countries Worry Corporate America the Most
Hint: Greece not among them. -- RF

Friday, June 26, 2015

 

News Links, June 27, 2015

## Global Ponzi meltdown/House of Cards ##
Greece Invokes Nuclear Option: Tsipras Calls For Referendum
Marine Le Pen: Just Call Me Madame Frexit
Puerto Rico Approaches A New Fiscal Year With Mounting Debt, Rising Taxes, Fewer Public Services
The Liquidity Crisis Intensifies: 'Prepare For A Bear Market In Bonds'
Canada's Oil Patch Goes Into Convulsions
There's Something Wrong With Growth All Around The Planet—It's The Serial Bubble Age Since 1995
General Mills to cut jobs under new restructuring plan
General Mills Inc (GIS.N), the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth.
Three obvious lessons from Indonesia's financial crisis
The Five Horsemen (and One Horsewoman) of Europe's Monetary Apocalypse
Major Shift In Asian Commodity Demand Already Underway
Australia Post slashing jobs in cost-cutting drive
China stocks plummet as investors stampede out of the market

## Airline Death Spiral ##
Police search Ryanair jet in Poland after hoax bomb call
Anti-Uber protest in Paris blocks road to airports
Airline Pilots: Low Pay Drives Disputed Pilot Shortage
Low pay, high academic debt and quality of life issues dissuade people from pursuing a career as an airline pilot, speakers said June 25 during a day-long conference organized by the Air Line Pilots Association (ALPA). Those factors contribute to a pilot shortage, although the extent of the shortage is disputed.
Airlines could ban drunk passengers from flying for life in crackdown on 'disruptive' travellers
New Chicago aviation chief warns O'Hare falling behind
O'Hare International Airport is falling behind other global hubs as it grapples with flight delays, gate shortages and a largely humdrum terminal experience for passengers, Chicago's new aviation chief warned business leaders Thursday.
Can Kenya Airways And South African Airways Recover?
China's aviation boom drives airport building frenzy
Skeptics warn about white elephant projects such as the barely used $6 million airport in Dachangshan island off China's northeast coast. Many existing airports are also in losses due to huge upfront investments.
Budget carriers propose charging for check-in baggage
Frontier Airlines officially departs Delaware

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey accused of allowing Islamic State fighters to cross its border in Kobane attack
Islamic State militants attack 2 cities in northern Syria
Triple Attack On Three Continents May Signal ISIS Ramadan Strategy
Saudi Airstrikes, Fighting Kill Nearly 100 in Yemen
Turkey's Troubling War on Syria
In Syria, the war to overthrow the secular government in Damascus has attracted Islamic militants from around the world, but they have relied on funding and support from Saudi Arabia, Qatar and – perhaps most importantly – Turkey, where an election reflected growing popular resistance to this war policy.
Why Putin's ICBM Announcement Does Not Signal a New Nuclear Arms Race
The Russian President's announcement was entirely line with previous expectations, and won't add any new capabilities to Moscow's arsenal.
Italy rebukes EU leaders as 'time wasters' on migrants plan
EU migration meeting turns into fracas
US drone pilot stress is unprecedented
A Missouri senator is pressing her concerns over combat stress among drone pilots, yet another sign of the troubles plaguing the Air Force's burgeoning warfare program.
Japan, China to agree on procedures for unexpected military encounters
Terror alerts high in Europe after decapitated body left at scene of attack in France
Vatican signs first treaty with 'the State of Palestine'
Neocons Urge Embrace of Al Qaeda
The latest neocon gambit is to build support for "regime change" in Syria by downplaying the evils of Al Qaeda, rebranding it as some sort of "moderate" terrorist force whose Syrian affiliate is acceptable to Israel and supported by Saudi Arabia. But this audacious argument ignores reality.
Filipino officials: Despite statements, China island-building in full swing

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armenia's 'Electric Yerevan' protests enter seventh day
Irate French taxi drivers smash cars in strike against Uber
Hundreds of Hawaiian Protesters Stall Construction of Massive Telescope
Eritrean protesters demand asylum in Israel

## Energy/resources ##
Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India
Nuclear Power: Big Money in Shutting Down
The Growing Sino-Latin Energy Relationship
Huge Increase In Quakes A Game-Changer For Oklahoma Oil & Gas
Russia's top natural gas producer Gazprom may build gas storage facilities in China: RIA
Rigzone 2Q Survey Reveals Oil, Gas Companies Reluctant to Hire
Saudi Aramco's expansion projects feed growing domestic demand
TransCanada Blames Low Energy Prices For Latest Job Cuts
This Week In Energy: Oil Prices Under Pressure From All Sides
Gazprom building global alliance with expanded Shell
Survey: Oil Prices Expected to Go Lower for Longer
Rosneft First-Quarter Profit Falls 35% After Oil Prices Drop

## Got food? ##
As California gives more room to chickens, egg production drops 16%
GM wheat crop fails to repel bugs, £3m trial branded 'a waste'

## Environment/health ##
Study: MRI contrast agents leave heavy metal deposits in brain
Heavy Rains In India: 70 Dead in Gujarat, Flood Alert In Jammu And Kashmir
South Korea MERS Outbreak: Health Ministry Confirms Two More Deaths
Giant Toxic Algae Bloom Poses Threat to Humans and Wildlife on US West Coast
Pakistan heat wave eases after more than 1,150 die
Are Cancer Drugs Becoming Too Costly for Their Effectiveness?

## Intelligence/security/internet/cyberwar ##
Does alleged NSA hack of Kaspersky signal new front in cyberwar?
Newly released documents reveal a systematic campaign to reverse-engineer anti-virus software produced by firms like Russia's Kaspersky Labs, allowing intelligence agencies to uncover vulnerabilities that could help subvert them.
US embassy in Paris is 'home to secret spy nest'
Christie's Conspiracy: The Real Story Behind the Fort Dix Five Terror Plot
Turns Out the US Launched Its Zero-Day Policy in Feb 2010
Japan Justice Ministry takes PCs offline due to suspected virus attack
The Justice Ministry said Thursday it has shut off its internal computer network's Internet connection after discovering a suspected virus infection in one of the terminals.

## Propaganda ##
There Must Not Be Peak Oil (the logic of wishful thinking)
War on Whistleblowers, After Obama
The war on whistleblowers has injected fear of prosecution into all honest communications between national security officials and reporters, meaning that the public instead gets a steady diet of U.S. government lies, propaganda and self-serving rhetoric.
Selective Outrage on 'Terrorism'
America's view of "terrorism" is distorted by politics and bias, with intense hostility toward the Islamic variety but with much more tolerance of other forms, such as Cuban "anti-communist" violence and right-wing extremist murders, as underscored by a new study.

## Systemic breakdown/collapse/unsustainability ##
Collapse, Part 4: Loss of Faith in Public Institutions
Public institutions are now devoted to serving their own vested interests or the interests of private financial Elites. Though we may think of collapse in terms of ATMs not working and rampaging mobs, collapse actually starts with the intangible loss of faith in public institutions: elected officials, law enforcement, the justice system and the agencies of financial regulation (anti-trust, etc.).
Collapse, Part 5: Things Fall Apart
It is impossible to wean an economy that relies on debt and leverage for its "growth" of excessive debt and leverage.
Suicide Rates In Greece For Working-Age Men Spike As Economy Crumbles
Subaru recalls 72,000 vehicles in U.S. for possible auto brake failure
Are We on the Verge of a Nuclear Breakdown?
Climate Change Impacts Could Collapse Civilization By 2040, States UK Govt Report
Study: Democracy Declining in More Than Half of U.N. Member States
The Delusion of Control

## Japan ##
Media fire back at LDP for targeting revenue of newspapers critical of security bills
Recent calls from the younger ranks of Prime Minister Shinzo Abe's Liberal Democratic Party to "punish" media critical of the government's contentious national security bills have sparked an industry outcry, providing ammunition to the opposition and even raising the eyebrows of veteran ruling party lawmakers.
Japan's Economy to Grind to a Halt in 2nd Quarter, JPMorgan Says
Girl singing group's anti-LDP lyrics cause city to pull support of event
The city said it will issue an after-the-fact retraction of its support of a local event where idol group Seifuku Kojo Iinkai (Uniform improvement committee) sang, "Let's topple the LDP government" and "the LDP, the root of all evil."
Japan's New Surveillance Jet Expands Scope for Patrols
Video: Japan Open to Joining U.S. in South China Sea Patrols
Japan's military would consider joining U.S. forces in regular patrols in the South China Sea, the country's top uniformed officer said in an interview with The Wall Street Journal, expressing concerns about China's military build-up.
Shareholders reject zero N-power proposals
Record number of workers suffer job-related mental illnesses

## China ##
China is gearing up to let its banks borrow as much as they want
Like many other big cities around the world, Beijing will eventually turn into a no-man's land. -- RF
Shanghai composite and Shenzhen composite down 7.4 and 7.9 percent respectively in one day.

## UK ##
Official Child Poverty Levels Expected To Rise
Trouble ahead for UK's nuclear hopes
The next generation of reactors in the U.K. has been in the works for a decade, but now a looming challenge in the European Court of Justice attacking nuclear subsidies, growing technical problems and cost overruns are casting doubt on the idea of using nuclear to meet emissions reduction targets.
Wrench appears in British shale gears
The dark side of America's reluctant part-time workers
Nearly half of the 26.5 million Americans (46%) who work part-time are desperate to work full-time, according to a new report — "A Tale of Two Workforces: The Benefits and Burdens of Working Part Time" — by Rutgers University.

## The Clintons ##


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