Sunday, July 24, 2016


News Links, July 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Meets Ugly Reality — Trade Volume Adjusted Down
Trade volume was adjusted down every month by 2% to 3% in recent years, in a world where economic growth is stuck at only 3.1% in 2016, according to the IMF. And that includes the glorious GDP numbers from China that no one believes.
Look Who's Frantically Demanding that Taxpayers Stop Italy's Bank Meltdown
World Bank mulls different approach as prospects for global growth darken
Startup Deal Activity Keeps Falling Worldwide
Private Debt Piles Loom Over Emerging Economies
Negative interest bites Switzerland's big banks harder in 2016
Corporate Tax Collection In Spain Goes Negative €539 Million
Pension Funds Are Underwater – And Taking Us With Them
U.S. sides with HSBC to block release of money laundering report
Who Buys Bonds With A Negative Interest Rate?
Saudi real estate sales drop to lowest level in a decade
G-20: Denial of the Obvious, Praise for Lies
World should not rely on China to lead global economic recovery, says Premier Li Keqiang
Seoul: North Korea's economy shrinks 1st time in 5 years

## Cut, baby, cut! ##
ConocoPhillips to Trim 6% of its Workforce
Shell to cut 25% of its deep water Gulf of Mexico workforce
Honeywell Cuts Guidance, Boeing Gives 60-Day Notices

## War on cash/cashless society ##
Big banks getting serious about Venmo-style online transactions

## Airline death spiral ##
World's Airlines Crashing At Worst Rate Since 2008
As Global Demand Slows, Airlines Defer Widebody Jet Orders
With 1,150 Southwest flights canceled, airline waking from computer nightmare
BA plane makes emergency landing due to 'nasty' cannabis smell: 'The whole area stank'
Engine problem prompts flight diversion to Virginia
Notified of 23 'minor' deficiencies by FAA, Allegiant working on corrections
Lufthansa Technik to cut 700 jobs in engine overhaul operations
Traveling costs likely to take off
Airlines Rake in Cash as Fares Stay Cheap. What's Wrong With This Picture?
Feds Asked to Investigate American Airlines After Muslim Passenger Removed
Kenya Airways reports $252 million loss for FY2015-16
Security Concern Causes Flight to Divert to Portland
Singapore to toughen laws against unruly air travellers

## Fault lines/flashpoints/powder kegs/military/war drums ##
18-Year-Old German-Iranian Is Behind Munich "Shooting Rampage" Which Killed 10 Including Gunman
Machete-Wielding Syrian Refugee Kills Pregnant Woman; Injures Two In Southern German City
Turkey coup attempt: Crackdown toll passes 50,000
All Or Nothing For Erdogan: 200,000 Purged In Race For Absolute Power
Turkey's Erdogan Orders Closure Of More Schools, Extends Detention Period
Is Bibi's massive fundraising network about to collapse?
Multinational air base in Turkey faces uncertain future
Russia expands Pacific submarine fleet with quieter, better armed vessels
Top Obama aide to take call for South China Sea calm to Beijing
In port visit, New Zealand and U.S. seek to bolster military ties
France to Send Heavy Artillery to Iraq to Fight ISIS
IS Attacks Protest in Afghan Capital, Kills 80 People
10-Day Ban on Public Gatherings in Afghanistan
US War In Afghanistan Is Fueling Global Heroin Epidemic & Enabling The Drug Trade
ASEAN deadlocked on South China Sea, Cambodia blocks statement
Afghanistan: President Obama's Vietnam
President Obama is keeping U.S. troops in Afghanistan fighting an unwinnable war for fear of the political consequences if he faces reality and admits defeat, an echo of Vietnam.
US Air Force works to keep older planes in air longer

## Migrants/refugees ##
Turkey's political turmoil may have implications for Europe's migrant crisis

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek Far-Rightists, Police Clash During Muslim Party March

## Energy/resources ##
Middle Eastern rush to a nuclear powered future
Oil Continues To Plunge As Markets Turn Bearish
Workers: Force majeure at ExxonMobil Nigeria may last weeks
Why Nigeria's 'Avengers' are crippling the oil sector
Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.
Chop, baby, chop! Solar projects can't save the forest for the trees?
Why San Onofre's nuclear waste stays on the beach
Some 3.6 million pounds of nuclear waste at the shuttered San Onofre Nuclear Generating Station is all stored up with no place to go.
Nuclear decommissioning: Taxpayers likely stuck with Pilgrim closure bills
As it will happen around the world. Unfortunately, economic collapse guarantees that taxpayers won't be able to foot the bill. I stand by my prediction that hardly any nuclear power plants, anywhere, will be properly decommissioned. Even if the money were to be found — which it won't — there is no place to sequester all the waste. Unmitigated global disaster, coming right up! -- RF
Shell cutting deepwater Gulf workforce
Pakistan's oil output drops 8% with gradual fall in reserves

## Got food? ##
Why Americans waste so much food
A bigger problem is that almost all discarded food goes into landfills or incinerators, instead of being returned to the soil. It's too late to change this, so we'll just have to wait until the food production/distribution system collapses and trash collection stops. Then you will see lots of composting. -- RF
Extreme Climate Change Pictures 2016: Amid Hottest Year On Record, Famine, Drought Grips Africa, Central America, India
Venezuela Economic Crisis: No McDonald's Big Macs Amid Food Shortages
Thanks For The $170 Billion——-Uncle Sam's subsidies Help Fatten Junk Food Industry
How much should food cost?
Eggs, With a Side Order of Blood and Filth (Videos)
Are you anti-science if you don't like GMOs?

## Environment/health ##
Florida May Have a Second Non-Travel-Related Case of Zika
Vaccine Scandal Highlights Indonesian Health System Woes
Forms of HIV can jump from chimps to humans, study says
Change in Zika virus sparks pandemic fear for Australians
The terrifying Zika virus, which can cause babies to have horrific birth defects, has reportedly leapt to a new breed of mosquito.
Canadian City Gets Backup Water Supply Ready After Oil Spill
Scorching Middle East Beats All-Time Heat Records for Eastern Hemisphere
Sand Fire burns through more than 11,000 acres in So. California
Toxic algae bloom in Utah sickens over 100 people amid heat wave
Rise in plunder of Earth's natural resources
Companies are flooding Earth's orbit with satellites, but no one's directing traffic

## Intelligence/security/internet/cyberwar ##
A Turkey of a Coup (a debunking of various theories)
Erdogan's Power Game: Turkey On Collision Course With NATO
WSJ Reporter's "Shocking" Discovery: DHS Can Confiscate Any Device Along The Border Without Suspicion
Study: a fifth of Swiss spy on neighbours
Emails Released by WikiLeaks Appear to Show DNC Trying to Aid Hillary Clinton
Leaked Emails Confirm DNC Officials Planned Anti-Trump Protests
Democrats Accuse Russia Of Hacking DNC Server To Help Donald Trump
Looks like an attempt to deflect attention from DNC wrongdoing and pin the rap on the Russians. -- RF
Yes, The Democratic National Committee Flat Out Lied In Claiming No Donor Financial Info Leaked
Paris Officials Seek to Destroy Potential Evidence in Attack in Nice, France
Study Says Drones Generate More Terrorism

## Propaganda/censorship ##
The Parade-Goer's 9-Point Guide to Understanding Political Propaganda
Will NYT Retract Latest Anti-Russian 'Fraud'?
In covering the new Cold War, The New York Times has lost its journalistic bearings, serving as a crude propaganda outlet publishing outlandish anti-Russian claims that may cross the line into fraud.
Presenting "Putin's Useful Idiot": Anyone Who Disagrees With The Establishment

## Systemic breakdown/collapse/unsustainability ##
Donald Trump's Convention Speech Highlighted The Truth About America's Decline
If We Can't Be Honest, No Solution Is Possible
A field guide to technology gone feral
Tech systems are so interwoven that even if we could understand their complexity, they change too fast to keep up. We have to study them like an ecology, says a new book
Fiat Chrysler recalling 410,000 vehicles
Electrical connections in Rio Olympic Park still not finished: sources
Navy's $12.9 Billion Carrier Isn't Ready for Warfare, Memo Says
The $12.9 billion USS Gerald R. Ford -- the most expensive warship ever built -- may struggle to launch and recover aircraft, mount a defense and move munitions, according to the Pentagon's top weapons tester. On-board systems for those tasks have poor or unknown reliability issues, according to a June 28 memo obtained by Bloomberg News.
Instead of asking, "are robots becoming more human?" we need to ask "are humans becoming more robotic?"
Why We're Ungovernable, Part 15: Violence Goes Random

## Japan ##
Japan's Business Lobby Calls For A Shift From Nuclear Power To Renewables
Japan's CPI seen falling again in June, more headaches for BOJ
Abe's maglev decision reflects political calculus over economics
Japan Atomic again flubs maintenance checks at Monju reactor
Japan to allow fingerprint authorization for visitors
Japan's primary balance expected to worsen

## China ##
Chinese Officials Begin to Dismantle Tibetan Study Site
Is China Stealing Jobs? It May Be Losing Them, Instead
China's ballooning corporate debt a key tail risk for global credit: S&P
Flooding in China kills at least 170
Beijing Floods Not a Problem for Forbidden City's 600 Year-Old Drainage System
China withdrew missiles from South China Sea island ahead of Hague ruling: report
Chinese Companies are Turning Japanese
China's Rising Bad Debts Revealed in Recent Bank Listing
China Beefs Up Military Modernization

## UK ##
Brexit shock pushes UK services and manufacturing into contraction says new survey
Britain's economy shrinking at fastest rate since 2009, says survey
More than 57,000 people hit by bedroom tax fall behind on rent, Government report reveals
Britain Quietly Backs Off Claims Saudis Aren't Committing War Crimes
More than 500,000 public sector workers put through Prevent counter-terror training in bid to spot extremism
Massive Delays Stall England-to-France Vehicle Traffic
Brexit causes dramatic drop in UK economy, data suggests

## US ##
Report: U.S. is lagging in child well-being
US Failing Dismally on Sustainable Development, Despite Vast Wealth
However, much of that "vast wealth" is froth. -- RF
Wealth Bubble In 'Scary Graph' Flashes Warning About Future U.S. Downturn
Is Obama's Recent Ban on Military Gear to Police Already Coming to an End?
It Starts: First Mega-Foreclosure Hits Houston Office Market
Medicare safeguard overwhelmed by pricey drugs

## The candidates ##
Trump does it; he was scripted and fiery
Donald Trump's Convention Speech Rings Terrifying Historical Alarm Bells
Thoughts on Trump's Speech (Why I Can't Vote for Him and Why He Could Win)
Koch Brothers Now Supporting Hillary Clinton
Trump Enrages the War Party
Hillary Clinton's Top VP Pick Lets Big Banks Know He's in Their Corner
Trump's tax numbers just don't add up
Donald Trump Doesn't Understand Cyberwar
Leaked DNC Emails Confirm Democrats Rigged Primary, Reveal Extensive Media Collusion
Bernie Sanders Campaign Chief Says Someone Must Be 'Accountable' for What DNC Emails Show
DNC Chair Wasserman Schultz Announces Resignation Following Wikileaks Revelations, Will Join Clinton Campaign
Oil Lobby Paid Washington Post and Atlantic to Host Climate-Change Deniers at RNC
Donald Trump threatens to pull US out of the World Trade Organisation
Hungary's Prime Minister Praises Trump
Former NYC Mayor Michael Bloomberg to endorse Hillary Clinton, speak at DNC in Philadelphia

And finally...
Grumpy Cat hysteria hits the UK as crowds queue for hours to meet the celebrity animal

Thursday, July 21, 2016


News Links, July 22, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Bubble Finance At Work——65%-70% Of Households Have Lower Real Incomes Than In 2005
Globalization's Few Winners and Many Losers
Atlas Rescue Phase II: Italy Eyes Another Private Deal to Bail Out Banks
Corporate debt seen ballooning to $75 trillion: S&P
HSBC Bankers Are First Individuals Charged in U.S. Currency Case
Global steel production down 1.9% y/y in H1
Too hot to work: global warming may cause loss of 20% of annual work hours in Southeast Asia alone
Rising temperatures caused by climate change may cost the world economy over $2 trillion in lost productivity by 2030 as hot weather makes it unbearable to work in some parts of the world, according to U.N. research published on Tuesday.
How the Oil Bust is Crushing a Downtown of Office Towers
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil and gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs.
Could This Rally Be a Head-Fake?
This entire rally has an engineered feel. All the technical "buy" signals are precisely what you'd expect in a rigged rally.
Dear ECB, What's in Your Wallet?
George Soros Doubles Down: Accept 300k Refugees Costing $30Bn, Or Risk EU Collapse

## Cut, baby, cut! ##
Bank Earnings: Wall Street Is Running Out of Jobs to Cut
Energy Giant Schlumberger Fires Another 8,000 As "Market Conditions Worsened" In Q2

## War on cash/cashless society ##
Is it easier to save money when you pay with cash?
Could India Be the First to Get Rid of Cash?

## Airline death spiral ##
Asiana Airlines was storing bank info and thousands of passports on its website
Security measures slow Brazil's airports
DFW Airport briefly delays flights after standoff
Technical issues [sic] ground many Southwest Airlines planes
New York's $8 Billion Airport Still Won't Get You to L.A.
Footage Shows Governor Malloy Bypass Airport Security
Southwest says technology outage fixed but more flights cut
Abusive East Midlands Airport passenger diverts flight
Sydney flight diverted as drunken passengers throw punches
European Airlines Fly Into Trouble
EasyJet will not be the last airline to announced disappointing results this year

## Fault lines/flashpoints/powder kegs/military/war drums ##
No Retreat From Asia Pivot Regardless Of Who Wins US Presidency: Biden
Incirlik Air Base: Post-Coup Power Cut Remains at U.S. Site Five Days after Attempted Coup
100 Jihadis Enter Syria From Turkey Each Week, French Intelligence Finds
Vice President Joe Biden Says US Accepts Invitation to Send a Navy Ship to New Zealand for 1st Time in 3 Decades
Turkey Coup Update: 50,000 People Suspended, Detained In Erdogan's 'Purge' Of Gulen Followers
Who Is Buying MiGs From Russia? Secret Fighter Jet Deal Is Reportedly Underway
AFRICOM: Ready to Sabotage the Revolution
How much does the Pentagon's newest bomber really cost?
A Failed Coup… An Unrecognized Republic… And Triggers for a Global Economic Meltdown
Sultan Erdogan, Gulen's Terrorists, the CIA's Money and False Flags Galore
Erdogan Declares Emergency in Which He Can Rule by Decree, Tells France "Mind Your Own Business", S&P to Shut Up
US-Backed Syrian 'Moderates' Behead 12-Year-Old
The grisly beheading of a 12-year-old boy by U.S.-backed Syrian rebels spotlights Washington's creepy excuses for arming "moderate" jihadists who are barely distinguishable from Al Qaeda and ISIS.
South China Sea: Taiwanese lawmakers and flotilla head to Taiping Island in sovereignty, fishing rights push
Nice Attacker Plotted for Months, Had Accomplices, Official Says
ISIS In China? Muslim Uighur Population Joining Islamic State In Syria, Iraq Amid Poor Economic Conditions
ISIS Trying to Topple Saudi King with Attack on Mohammed's Mosque
Senators Urge Obama To Cancel Nuclear Cruise Missile

## Migrants/refugees ##
Over 20 migrant bodies found on dinghy in Med
Hungary launches new anti-migrant media offensive

## Global unrest/mob rule/angry people/torches and pitchforks ##
The world is taking its revenge against elites. When will America's wake up?
Demonstrators, Armenia Police Clash Outside Station
Civil unrest means more pizza deliveries
Pepper spray used on crowd as police detain protesters outside GOP convention
Eighteen protesters arrested in Cleveland after scuffle with police

## Energy/resources ##
Whistleblowers: Nuke Watchdogs Not Doing Enough to Prevent Canadian Fukushima
Bad News For Miners: Cash Strapped Governments Up Royalties
Halliburton Reports $3.2 Billion Loss, But Sees Activity Picking Up
Some reflections on the Twilight of the Oil Age (part III)
Global extraction of primary materials to triple by 2050 -UNEP
If nothing else, the depletion of high-quality reserves dictates that this won't happen. -- RF
Scots offshore wind 'pretty much dead', former minister claims
Goldman Sachs: Oil, Gas Will Need Up to 100K Workers for US Shale Growth
BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
More pain seen for U.S. crude as product glut adds to gloom
How Much Does The U.S. Spend Per Day On Petroleum Products?
Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased slightly to 19.72 MMBoepd since peaking in 2007 at 20.94 MMBoepd.
Fracklog in the Biggest U.S. Oil Field May All But Disappear
The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter -- and may all but disappear in the nation's biggest oil field should prices hold steady.

## Got food? ##
Regulators look for solutions to lobster bait shortage

## Environment/health ##
Florida May Have Its First Zika Virus Outbreak

## Propaganda/censorship ##
'Fraud' Alleged in NYT's MH-17 Report
An amateur report alleging Russian doctoring of satellite photos on the Malaysia Airlines Flight 17 case – a finding embraced by The New York Times – is denounced by a forensic expert as an "outright fraud.
Turkey Blocks Wikileaks After It Dumps Nearly 300,000 Turkish Gov't Emails

## Systemic breakdown/collapse/unsustainability ##
Gunfire often connected to gangs hitting Chicago children
Another chapter in the saga of the global pension demise. -- RF
Greenpeace Japan reported Thursday that waterways in the Fukushima district have hundreds of times more radiation now than before 2011, when the nuclear disaster that forced the evacuation of at least 160,000 people occurred.

As with many other things around the world, it's not a shortage; it's too many people. -- RF
The situation is getting desperate. -- RF

## US ##
Manhunt Underway After 4 Men in Car Shoot at NYPD Officers in Brooklyn, Narrowly Missing Them: Police Union
Why Public Needs Go Begging
For decades, Americans have been sold on rugged individualism and told to disdain collectivism and community, a philosophy that has starved many public institutions and fattened up the few at the top.

## The candidates
VP Choice Pence Reaffirms Israel Devotion
Donald Trump may alarm Washington's foreign policy establishment with his "America First" rhetoric but Mike Pence, Trump's VP choice, reaffirms a commitment to the traditional "Israel First" doctrine.

And finally...

Tuesday, July 19, 2016


News Links, July 20, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
We've Entered an Era of Rising Instability and Uncertainty
Gold, Trump and Rates: Bank That Foresaw Rally Flags $1,500
Italy isn't the only European country with 'a systemic banking crisis'
New report calls for 'justice for millennials'
The Millennial generation, or those aged between 16 and 35, are earning less than previous generations - the first time this have ever happened - and are less likely to own a home, according to a new report.
This is inevitable because we are now in a world of declining net energy. -- RF
Dead Yahoo Walking
To the mattresses: Cash levels highest in nearly 15 years
Swelling Pile of Iron Ore Casts 'Dark Cloud' Over Prices: Chart
'Most challeng­ing period': Alberta is in the midst of its worst recession on record
Trump 'Close Friend' Unleashes Economic Reality Check: America Is "Lost In The Black Hole Of Entitlement"
The financial system is breaking down at an unimaginable pace
Exodus of Professional Workers Reshaping Qatar

## War on cash/cashless society ##
Hauling cash, replacing cards, fixing ATMs: the stubborn costs banks can't erase

## Airline death spiral ##
Hawaiian Airlines plane punctures eight tires in emergency landing at Haneda airport
Oman Air flight's nose wheels burst while landing in Tanzania
Identifying 'suspicious' passengers is where customer service meets national security
Half Of TSA's 30,000 Employees Accused Of Misconduct; Nearly A Third Multiple Times
British airports consider replacing air traffic controllers with remote system
Passengers refuse to board plane demanding apology and compensation after flight delay
Two Air Transat Pilots Arrested on Suspicion of Being Drunk

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraqi Shiite Cleric Muqtada al-Sadr Calls Additional US Troops a "Target"
Fethullah Gulen Accuses Turkey's Erdogan of Staging Coup
Turkey Formally Requests Extradition of Exiled Cleric Fethullah Gulen From US, Prime Minister Says
Fair question: Would Turkey Be Justified in Kidnapping or Drone-Killing the Turkish Cleric in Pennsylvania?
Turkey's Faltering Democracy
Turkey 85 Generals, Admirals Charged in Coup Attempt
Turkey's government fears second coup attempt as purge removes many army commanders
Erdogan Unleashes Unprecedented Crackdown: Fires All University Deans; Suspends 21,000 Private School Teachers
John Kerry Threatens Turkey With NATO Expulsion
Energy Is The Reason Europe Is Still Backing Erdogan
Afghan man wounds 20 with axe in attack in Germany
Philippines rejects conditional offer of talks from China on South China Sea dispute
North Korea fires 3 ballistic missiles, flew up to 600km: South Korea
Biden Reasserts US as a 'Pacific Power' in Trip to Australia

## Migrants/refugees ##
Migration And Terrorism Go Hand In Hand, Say Prominent Figures Of Hungary's Ruling Party
Migrants brawl in Hungarian camp as border tension grows

## Global unrest/mob rule/angry people/torches and pitchforks ##
Obama urges Americans to tamp down inflammatory rhetoric

## Energy/resources ##
Blacking Out: Struggles of the California Power Grid
Saudis Aim To Create The World's Biggest Oil Fleet
Popularity of Big Hydropower Projects Diminishes Around the World
Canada's Oil Heartland Is In the Midst of its Worst Recession on Record
Is large-scale energy storage dead?
People consistently fail to comprehend the scale of industrial society. -- RF
Murray Energy working with investment banks on debt relief: sources
Murray Energy Corp, one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday.
Incirlik relying on generators to power operations
40% of wind power capacity under cloud (India)
The Peak Oil Paradox -Revisited-
EIA: U.S. shale oil output forecast to fall by 99,000 barrels a day in August
North Sea Field Shutdowns To Climb As Brexit Deepens Oil Gloom

## Got food? ##
Ocean's brand tuna recalled due to leaking cans
Food fraud: Everything we love to eat is a scam
Middle-Class Venezuelans Liquidate Savings to Stockpile Food
Can we feed the world without cutting forests? It can be done, says U.N.
World population will never reach 9 billion. -- RF
Toxic Wheat, GMOs and the Precautionary Principle

## Lifestyle solutions ##
Tiny houses are back and more versatile than ever with Yadokari and Enjoyworks' Skeleton Huts!
The Days After Tomorrow 6: They Voted With Their Feet

## Environment/health ##
June was Earth's 14th straight record warm month
Cyclones set to get fiercer as world warms
Ocean warming primary cause of glacier retreat
Toxic algae bloom spreading in Utah river, canals
New Zika case in Utah stumps officials
Fracking May Worsen Asthma in People Living Nearby
Rotterdam offers burial at sea for greenhouse gases
U.S. teen diabetes rate exceeds prior estimates
Plastic debris in oceans a growing hazard as toxins climb the food chain

## Intelligence/security/internet/cyberwar ##
6 high-tech ways thieves can steal connected cars
Police Rushed to Rescue Bono and Other Celebrities During Nice Attacks
Notorious hacker reveals top DNC donor info, political strategy
Lockheed Martin makes final preparations for DigitalGlobe's WorldView-4 Earth imaging satellite
Turkey Caught Fabricating Story Of Who Is Responsible For "Military Coup"

## Propaganda/censorship ##
Israel's Wolf-Crying about Iran's Bomb
Fake CIA Agent and FOX News "Terror Expert" Sentenced to Prison for Lying to the Public for Years

## Systemic breakdown/collapse/unsustainability ##
Baton Rouge, Nice, Dallas, Orlando – A Dark And Distressing Time Has Descended Upon The Civilized World
Citi Is Stunned How Quick The "Extraordinary Political Backdrop" Is Deteriorating
Returning to an Ohio town on the decline
Axe-Wielding Terrorist Attacks Train Passengers In Germany And A Police Car Is Firebombed In Florida
This Is What Hyperinflationary Collapse Looks Like

## Japan ##
Some 600 people made withdrawals in massive ATM heist: police
Japan Suspends Nuclear Power Revival After New Earthquake
Japan Is a Bankruptcy Waiting to Happen
Smelting meltdown sinks nonferrous-metal profits
Japan's producers of nonferrous metals are experiencing a double-digit drop in profits as falling metals prices and a strengthening yen put a dent in smelting operations.
For some expats, U.S. gun violence makes Japan feel like a haven

## China ##
China Announces South China Sea Military Exercises
Freedom of navigation patrols may end 'in disaster': Chinese admiral
Madness: Chinese Cities' Expansion Plans Could House 3.4 Billion People
PLA Navy 'ready' to counter aggression in South China Sea
Many in Hong Kong look for the exit amid China tension
China's Local Debt Problem Goes Global

## UK ##
London Housing Bubble Set for Collapse
Bank of Mum and Dad is now paying the rent, too
Engulfed by doubt, top UK firms shelve spending plans after EU vote: Deloitte
Millennials 'set to earn less than Generation X'
Britain facing higher winter gas imports due to Rough outage
Trident: British PM Willing to Nuke Hundreds of Thousands; Parliament Approves Funding
UK weather: Soaring temperatures cause travel chaos over fears railway lines will buckle

## US ##
Honeywell Internal Email Shows Airplane Boom Time Over, More Layoffs Coming
Corporate Profits Set to Shrink for Fourth Consecutive Quarter
Rate-starved U.S. banks happily gobble mortgage business
Worst Performing Asset Class Since May 2015—–Stocks!
Large investors make the full exit: Big rental investors like Blackstone are now selling properties to current renters.
Jobs and employment: Seven reasons the US picture is still weak
Largest US Pension Fund Suffers Worst Annual Return Since Financial Crisis Due To Heavy Stock Losses
2 Years Since Cops Killed Eric Garner — Only Person Punished So Far is the Man Who Filmed It
Is This What You Had in Mind for Retirement? Here's What Actual Retirees Found Out
America's Failure to Protect Voting
Nightmare on Wall Street: Republicans & Democrats Agree on Reinstating Glass-Steagall Act
The Deep State—–How America Became a "Parasitocracy"
US Housing Starts Rise………..To January 1991 Levels!
Calpers Earns 0.6% as Long-Term Returns Trail Fund's Target
Self-Serving Obama-Sponsored Study Concludes "Student Debt Helps Economy"; Mish Rebuttal
Steve King creates uproar with salute to contributions of white people

## The candidates ##
Clinton, Trump deeply unpopular, polls show
Sanders Fans Plan DNC 'Fart-In' Protest of Clinton Nomination
'Never Trump' faction launches floor fight at GOP convention, sparks chaos
'Art of the Deal' author regrets book, says Trump presidency would be 'terrifying'
Clinton's Statements On GMOs Vary Depending on Who Is Listening
Hillary Clinton Never Changes and Always Skates

Sunday, July 17, 2016


News Links, July 18, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"Helicopter Money" Won't Fix What's Broken
Creating "free money" to support bloated bureaucracies and corrupt cartels only makes the underlying problems worse.
Italy will likely be next EU member to face an economic collapse
Landlords scramble to fill near-empty skyscrapers dotting Calgary skyline
Oil Prices Lower Forever? Hard Times In A Failing Global Economy
Global Trade On Flat Line Since January 2015—–Protectionist Headwinds Rising
This Could Be A Major Red Flag For The World's No.1 Copper Nation
Why Italy's banking crisis will shake the eurozone to its core
A Barclays Chart Shows Just How Negative Bond Yields Have Become
Negative Mainstream Media Articles on Gold and Silver Don't Tell the Truth

## War on cash/cashless society ##
Gallup Poll: 30 Percent Say US 'Very Likely' to Become Cashless
ATMs are becoming extinct (Australia)
Zimbabwe: Banks Tighten Cash Withdrawal Limits
The shortage of cash in Zimbabwe continues unabated with banks continuing to tighten screws on withdrawal caps; taking down limits to as low as $50 and $100 per day.

## Airline death spiral ##
Enjoy Your Cheap Summer Airfares. You'll Pay More Next Year
Serious Allegiant Airlines safety issues revealed in FAA reports
Turkey Coup Attempt Sparks Wave of Flight Cancellations
FAA Bans Turkish Airlines From Flying to the United States
Airline surrenders to America's obesity epidemic by offering wider seats

## Fault lines/flashpoints/powder kegs/military/war drums ##
Nice Truck Crash Is Just Latest Terror to Strike France, Europe
France calls up 12K police reserves to beef up security
U.S. arms sales approvals on track to reach nearly $40 billion
Russia To Receive Seven Tu-95MS Strategic Bombers That Can Carry Long-Range Cruise Missiles
What Really Happened in Syria
The U.S. government blames the Syrian civil war almost entirely on Bashar al-Assad – and some progressives have bought into that propaganda narrative – but there is another side of the story.
Turkish officials declare coup over, nearly 3,000 soldiers arrested
The Counter-Coup Begins: Erdogan Purges 2,745 Judges, Prosecutors; Arrests Hundreds
Turkey re-opens airspace for U.S. base, strikes against ISIS resume
Turkey coup bid: US warns against 'insinuations' of involvement
At height of Turkish coup bid, rebel jets had Erdogan's plane in their sights
Syrian-Launched UAV Evades Israeli Air Defenses
An unmanned aerial vehicle (UAV) from Syria managed Sunday to penetrate Israeli airspace and evade two Patriot anti-air interceptors and possibly an F-16-launched air-to-air missile, sources here said.
Report: Russia to send S-400 to Crimea next month
The New Cold War's Frontline in Crimea
The mainstream U.S. reporting on the Ukraine crisis has been as biased and imbalanced as any in recent memory, leaving many Americans confused about what the on-the-ground reality is.
Asia-Europe talks end with no mention of South China Sea ruling by Hague tribunal
Beijing Open to Negotiations With Manila on South China Sea Dispute Sans Hague Court Ruling
Airlines' hiring could have negative effect on number of military pilots

## Migrants/refugees ##
Death in the desert: refugees fleeing to Europe may die in even greater numbers in the Sahara than in the Mediterranean
Stressed and stuck in Macedonia: Balkans' hidden migrant story
Serbia to send army, police on borders because of migrants
20 Migrants Dead, 366 Saved From Boats in Mediterranean

## Global unrest/mob rule/angry people/torches and pitchforks ##
Argentines bang pots against soaring utility bills under Macri
Iraqis defy ban to rally for change
South Koreans protesting over U.S. missile defense plan block PM's bus
Vietnam Detains Dozens in Anti-China Protest in Hanoi
Police: 65 arrested after blocking Baltimore expressway during protest
Black Lives Matter Occupy Los Angeles City Hall

## Energy/resources ##
Venezuela's Oil Production Plunges To 13-Year Low
Some reflections on the Twilight of the Oil Age (Part II)
Exxon Declares Force Majeure on Nigerian Oil Exports
Nuclear sector in crisis as South Africa weighs options
Solar PV cells using rare elements unlikely to scale up enough to replace fossil fuels
Petrobras Gets Permission To Halt Production At 16 Oil Platforms
The Brazilian government gave permission to Petrobras to suspend production at sixteen oil platforms as the troubled state-owned firm attempts to reduce costs.
M. King Hubbert and the future of peak oil

## Got food? ##
America Wastes About HALF The Food That It Produces While Hunger Runs Rampant Around The Globe
Scientists enter into battle with Greenpeace over GM food

## Environment/health ##
Expanding farms harm nature on 58 pct of world's land: study
An expansion of farmland has damaged nature beyond a "safe" limit on 58 percent of the world's land surface, threatening natural services such as crop pollination by insects, scientists said on Thursday.
Too much red meat might harm kidneys, study suggests
It's more than apparent that the lack of money and action for nuclear decommissioning and waste disposal is a planetary disaster in the making. -- RF

## Intelligence/security/internet/cyberwar ##
Where did that telemarketer get your number? From you!
The Long-Hidden Saudi-9/11 Trail
The U.S. government and mainstream media are playing down the long-hidden 9/11 chapter on official Saudi connections to Al Qaeda's hijackers, hoping most Americans won't read it themselves.
But you should not be distracted by the 28 pages. There is much more to the story, with the most explosive and shocking revelations yet to come. -- RF
The united opposition of Turks to the coup against Erdogan and his ruling Islamist party stood in marked contrast to comments from some Americans expressing support for the attempt to force an elected leader from power.
In the American way of thinking, "democracy" comes from violent regime change. -- RF
MH-17: Russia Convicted By Propaganda, Not Evidence
MH-17: Two Years of Anti-Russian Propaganda
Perhaps it's only fitting that as we reach the second anniversary of the horrific shoot-down of Malaysia Airlines Flights 17, The New York Times would mark the occasion by once more using the tragedy as a propaganda club to advance the neocon goal of a new, costly and very dangerous Cold War with Russia.

## Systemic breakdown/collapse/unsustainability ##
Extended Blackouts: Power Grid Completely Vulnerable to Sabotage: "America Could Go Dark"
As in many other such discussions, all the attention is given to possibilities, and none to inevitabilities. Failures of the grid by faults, sabotage, terror, a coronal mass ejection, or an artificially produced EMP are all possibilities, with varying probabilities, none of which is 100%. On the other hand, if one of these possibilities doesn't occur first, the grid will fall victim to an inevitability such as collapse of the global economic system (100% probability) or the decline of fossil fuel net energy to virtually zero (also a 100% probability). Note also that although quick or eventual recovery from grid collapse due to a possibility is conceivable, grid collapse due to an inevitability is final. -- RF
Funding pulled for opening/closing ceremonies to Olympic Games
Brazil's government has finally given up on Rio de Janeiro's 2016 Summer Olympics' opening and closing ceremonies, deciding at the last minute on Wednesday to not fund either event.
Fixing Baltimore's aging infrastructure goes $105 million over budget since 2012
As the cost of producing energy (not to be confused with the price of energy) keeps rising, the costs of infrastructure construction and maintenance skyrocket. It's all downhill from here. -- RF

## The candidates ##

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