Thursday, October 30, 2014

 

News Links, October 30-31, 2014

## Global Ponzi meltdown/House of Cards ##
As Fed Pauses Printing, Total World Debt Tops $100 Trillion
Russia Wins the Currency War, Even if it Doesn't Want to
The End Of An Era: Is The US Petrodollar Under Threat?
Globalization = Permanent Instability
Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital.
Great Graphic: Slowing of World Trade Growth and Globalization
Why We're Poorer: Inflation and Deflation Are Now Globalized
UAE builders face cash crunch of late payments, low margins
Rise in UAE residents using credit cards, loans to clear existing debts
As the cost of living continues to rises in Dubai, with inflation soaring to its highest level since May 2009, a new survey has found an increasing number of residents are using credit cards and personal loans to cover repayments on existing debts.
'A Generation Cast Aside': Child Poverty On Rise in World's Richest Countries
Back to basics...steel, not social
Can a "like" build a skyscraper? Can a "retweet" plow a farm? Does "friending" make sturdy cars? No. They do not. And the market seems to be wising up to that fact.
Microsoft cuts 3,000 jobs, rounding out July plan
At Brazil auto show, industry wonders if it can get any worse
Poverty begins to bite in Germany
Almost a sixth of the German population is living below the poverty line, according to the country's Federal Statistics Bureau. The bureau on Monday reported on its website that about 13 million people, or 16.1% of the population, earns less than 60% of the average earning of the entire population.
Merkel to End Free Driving on Autobahn by Making Non-Germans Pay
Child poverty on the rise, even in rich EU countries
A new report by the United Nations Children's Fund (UNICEF) shows that 2.6 million children have sunk below the poverty line in the world's most affluent countries since the crisis fist broke in 2008, bringing the total number of children in the developed world living in poverty to an estimated 76.5 million.
Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles
The Wrath of Draghi: First German Bank Hits Savers with 'Negative Interest Rates'
Earnings Cheating Season: Is Your Favorite Company Cooking the Books?
Riksbank cuts rates to zero and mulls currency war to fight deflation
Shadow Banking Assets Increase By $5 Trillion To Record $75 Trillion, 120% Of Global GDP
Impending Indonesian fuel hike already depressing the market
U.S. Mint Gold Coin Sales Near 60,000 Ounces In October - Swiss Gold Initiative Leading To Increase In Demand?
Russia Buys Most Gold for Reserves Since Financial Crisis of '98
Rocket explosion setback for commercial space
One year after devastating super typhoon, Philippines approves rebuilding plan

## Airline Death Spiral ##
The High Cost of Cancelled Airline Flights
Each of those 9,000 cancelled flight segments in the past 30 days cost the airlines an average of $5,770 and that runs to a total of nearly $52 million for just the past 30 days. And that's during a time of the year when the weather is not particularly nasty.
Air Malta registers €16.2 million losses
Airports, airlines disagree about raising ticket fees
Kevin Burke, CEO of Airports Council International-North America, which represents 360 airports, argued that ticket fees need to rise in order to update facilities that are an average of 40 years old nationwide.
Air France strike loss
You Pay More to Fly as Airlines Spend Less: Globetrotter
Airport security checkpoints 'bursting at the seams,' airline association chief warns

## Fault lines/flashpoints/powder kegs/military/war drums ##
Canadian jets set to strike ISIS by the weekend
Foreign Fighters Pouring Into Syria Faster Than Ever, Say Officials
Islamic State executes dozens of Sunnis who fought it in Iraqi town
Officials: US Attacks on 'Khorasan' Failed
US officials say that the September attack on "Khorasan," a US-invented term for a faction within Jabhat al-Nusra, failed even worse than previously reported, and the leaders previously reported killed actually survived.
Russia Weaponizes The Arctic: Will Build 13 Airfields And 10 Radar Stations To Meet "Unwelcome Guests"
Burkina Faso dissolves government, declares state of emergency
NATO Jets Track 'Unusual' Russian Bomber Sorties
NATO aircraft tracked Russian strategic bombers over the Atlantic and Black Sea on Wednesday and sorties of fighters over the Baltic in what the Western alliance called an unusual burst of activity at a tense time in East-West relations.
The West is shocked and insulted that the Russians have the temerity to push back. -- RF
Vietnam And India Sign Oil, Naval Agreement Amid South China Sea Disputes, Angering Beijing
Egypt places civilian infrastructure under army jurisdiction
Large parts of Egypt's civilian infrastructure have been placed under army jurisdiction, a move nominally aimed at terrorists that also makes it easier for the government to try members of the political opposition in the country's opaque military courts.
Asia Is Where the Real Trouble Is At
Afghanistan Opium Production At Record High Amid Instability, Slowing Economy And High Demand
Thousands forced from homes as Egypt clears Gaza border area after bombing
Naval cruise missile set for deployment on French warships
Netanyahu insists he is 'under attack for defending Israel' after remarks from US official
Israel Planning To Increase F-35 Buy
MH17-Chief Investigator Investigates Possibility of Air-to-Air Missile, Seeks Cooperation From Russia
Lawsuit Spotlights US Charities That Fund Israel's Secret Nuclear Weapons Program
Piracy Still A Major Issue In SE Asian Waters Despite Global Decline
China to buy 5,000 Russian air-to-air missiles: Japanese report
US Tech And Aerospace Companies Could Miss Out If Iran Sanctions Are Suspended
China calls on Japan to end jet scrambles

## Global unrest/mob rule/angry people/torches and pitchforks ##
Burkina Faso's Ouagadougou Airport Closed Amidst Protests; All Flights Canceled
The airport in Burkina Faso's capital city of Ouagadougou was shut down Thursday as thousands of anti-government demonstrators set the parliament building on fire and protested against the extension of President Blaise Compaore's 27-year rule. All flights in and out of the airport have been canceled until further notice. 
Indigenous Groups Occupy Airport Near Amazon Oil Reserves

## Energy/resources ##
How Long Can The Shale Revolution Last?
Europe Blackout Threat Looms Amid Power-Supply Risks, Study Says
The risk of blackouts in Europe will grow in the coming winter as thermal power-generating capacity has been shuttered amid the region's economic slump and a greater reliance on renewables, a study warned.
Not enough time to buy more power -- Aquino (Philippines)
Power: Nigeria loses 1,476MW to gas, water shortage
Deals Lost as 14-Hour Ghana Blackouts Threaten Economy's Growth
Hess to tap into deep Gulf of Mexico waters
Hess said Stampede represents a $6 billion investment during a period when oil prices are at historic lows.
Sweden's nuclear operators say new tax means earlier shutdowns
Russia To Revamp North Korea's Rail System, Eyes Mineral Resources
Tar Sands Resistance Blowing Huge Hole in Oil Industry's Bottom Line: Report
France on alert after mystery drones spotted over nuclear plants
Ukraine, Russia and EU have agreed gas deal, to sign shortly -sources
Europe Will Remain Dependent on Russian Natural Gas
Enhanced Oil Recovery: Can Chemical EOR Take Off?
World Crude Oil Production and the Oil Price

## Infrastructure scavenging ##
Metal thefts in Indianapolis have spiked, UIndy study says
Metal thieves target manhole covers in money-making bid
Thieves stealing fire valves in Hammond, selling for fraction of worth

## Got food? ##
WTO Says U.S. Consumers Don't Need to Know Where Meat Comes From
Local GMO Fights Smash Records as Monsanto's Millions Bankroll Opposition
Survey: Shrimp in US rife with murky labeling
Sick swine, looming transport squeeze, Ebola fears poised to send prices skyward (Japan)
Chicken Recall for Salmonella Expanded to 16 States

## Lifestyle Solutions ##
A third baby is not a bundle of joy for parents
The benefits of living in a teeny house

## Environment/health ##
Ebola outbreak: Sixty days to save West Africa
US military action against Ebola no guarantee of success, experts say
President Barack Obama has ordered as many as 4,000 U.S. troops into the epicenter of the world's largest-ever Ebola outbreak, in West Africa, but even that might not be enough to contain the disease.
Pentagon Approves Mandatory 21-Day Quarantine Of US Troops Returning From Ebola Missions
For Moment, the World Embraces the Cuba Model – and Slaps the Empire
No country or combination of nations and NGOs comes close to the speed, size and quality of Cuba's response to the Ebola crisis in West Africa.
Ebola "Turning Point" and Perspective
Bacterial contamination in cosmetics eludes public eye
Firms quietly recall thousands of contaminated cosmetics, which threaten millions with compromised immune systems
Traffic noise can threaten birds' survival
Secret of healthy ageing discovered in ground-breaking 35-year study

## Intelligence/propaganda/security/internet/cyberwar ##
Daily BS: Man who killed bin Laden to reveal his identity
How will this guy's story square with the others? Well, he's had plenty of time to make it up. -- RF
White House Cyberattack: Hackers Target Unclassified Executive Office Computer Network, Reports Say
Hong Kong Protests 2014: Authorities Policing The Web To Stop Protesters
20-Year CBS News Veteran, Sharyl Attkisson, Details Massive Censorship and Propaganda in Mainstream Media
Media Outlets 'Outraged' After FBI Caught Falsifying AP Story to Target Suspect
Terrorism, Terrorism, Terrorism: The Word That Fuels Endless War
You can run, but you can't hide: Google expands its real-world surveillance system with Google Fit
British Spies Allowed to Access U.S. Data Without a Warrant
Behind The Neocon Shrieks: What Putin Really Said At Valdai
Mind-reading device invented by scientists to eavesdrop on 'inner voice'
Google's New Computer With Human-Like Learning Abilities Will Program Itself
Why International Cybercrime Is Going To Keep Getting Worse

## Systemic breakdown/collapse/unsustainability ##
Dark Age America: Involuntary Simplicity
Chrysler recalling over 300,000 Ram trucks for fire hazard
Ford recalls 204,448 Ford and Lincoln crossovers for fire hazard
Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues
VW recalls 270,000 cars in China to fix airbags
Faulty Takata air bags may not be replaced for months
Dubai Says Boom Isn't a Bubble This Time. Really
Team Australia to pay billions for new oil-vulnerable infrastructure

## Japan ##
Wal-Mart to close 30 underperforming stores in Japan, take charge
Japan Pension Fund Will Double Local Stocks to 24%, Survey Shows
Nintendo to develop device to track sleep, fatigue
Nestle Japan hiring 1,000 robots to sell espresso machines
Renesas to slash 1,800 jobs through voluntary redundancy in January
TEPCO to postpone nuclear fuel removal at Fukushima No. 1 reactor
Survey: 52% of female breadwinners in temporary jobs live in red
Butter Crisis '14: Supermarkets nationwide apologize for empty shelves, cakes threatened

## China ##
China's Jobs Picture Not As Rosy As It Looks
Another Reason Not to Trust China's Economic Data
Hong Kong Update: China Will Punish City If Occupy Central Protests Continue, Says Former Banking Chief
The biggest risk for U.S. investors is a China crash
China shipping delivers toxic pollution cocktail-report
China is waging war on pollution, closing factories and targeting dirty coal-fired power plants, but its ports are pumping out pollution virtually unchecked, according to a report by a U.S. environmental group.
China's Property Prices May Decline Up to 10%, SouFun Says
Bad Debt At China's - And The World's - Largest Bank Surges By Most Ever

## UK ##
Take your mortgage to the grave, older borrowers told
Banks will move some interest-only borrowers to 'lifetime mortgages' that they will never repay, as hundreds of thousands face a shortfall
Britain's immigration system in chaos, MPs' report reveals
IT failures cost £1bn, 50,000 asylum seekers are missing and new backlog is building up, according to public accounts committee
Payday loan brokers regularly raid bank accounts of poor customers
A new breed of payday loan brokers are making as many as 1m attempts per month to raid the bank accounts of some of the poorest members of society.
Wind turbines have killed more birds of prey than persecution this year
Hundreds of birds of prey are being shot or poisoned in UK
Plans for street lights switch-off in Leeds suburb 'barmy'
Streetlights set to be switched off across the Vale
British Spy Agency: We Don't Need Warrant for Americans' Data. We Have 'Arrangements'

## US ##
Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"
Fed Issues Surreptitious Payments to Bank Welfare Queens At Taxpayer Expense
Video of the Day – Black Activists in Chicago Attack Black Leaders and the Democratic Party
NASA down to one commercial supplier to ISS
Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
The American Dream Going Bust – in One Chart
Social Security Disability Will Go Bust In 2016—-Unless Work Incentives Are Restored
States Where Poverty Is Worse Than You Think
Good Riddance To QE—-It Was Just Plain Financial Fraud
Autopsy: Police shot black man with sword in back
No, he did not have a sword in his back; he was shot in the back. -- RF
Video of the Day – Watch as 8 Police Officers Fire 46 Shots and Kill a Homeless Man in Broad Daylight
Americans may still see some Ebola cases, Obama says
More Than 2 Million License Plates Scanned at Mall Of America in Past 90 Days
Meet "OSHbot" Lowes New Store Helper; Goodbye Retail Associates, Hello Robots
L.A. area has many freeways that stayed on the drawing board
Is going to college worth it?
College tuition has increased at a faster rate than housing, energy, food, and medical care costs over the last decade.
90 Pounds of Cocaine Found on Cargo Ship Owned by Senate Majority Leader Mitch McConnell's Father-in-Law
Baltimore cop charged in bus stop beating that was caught on camera
Judge approves California city's bankruptcy plan
NY to discuss power capacity, infrastructure with U.S. regulators
Zombie foreclosures rise in 16 states and 60 metro areas
Q3 GDP Rises 3.5% Despite Sharp Slowdown In Consumption, Pushed Higher By Government Spending Spree
New American Dream: Rented Housing and Public Transit

And finally...
Father pelts mother-in-law with eggs outside court
Study: Rock stars really do die young(er)
Man steals double decker London bus, goes on seven mile joyride


Tuesday, October 28, 2014

 

News Links, October 28-29, 2014

## Global Ponzi meltdown/House of Cards ##
German Business Morale Weakens At Lowest Level In Almost 2 Years
Why Germany's households are more fragile than you think
El-Erian: "Europe Is One or Two Rounds of Sanctions From Recession"; El-Erian Far Too Optimistic
Stock markets threatened by collapse in Chinese consumer demand
The capitulation of the Chinese consumer threatens to drag stock markets around the world into a death spiral as one of the pillars of global growth is undermined.
Another Unbelievable Stress-Free Test; Whitewash Math and Deferred Tax Assets
In an effort to fool the public into believing the latest round of bank stress tests were actually designed to find stress, the ECB found 25 scapegoats, with the biggest losers in Italy and Greece.
Iran mulling currency side step
Using national currencies for trade deals between Iran and Russia is high on the list of items to be discussed during upcoming talks, an Iranian lawmaker said.
Italian banks hit hard by European test results
Forget "Free Trade"--Focus on Capital Flows
Where is the "free trade" in a world in which the comparative advantage is always held by mobile capital? And what gives mobile capital its essentially unlimited leverage? Central banks issuing trillions of dollars in nearly-free money to banks and other financial institutions that funnel the free cash to corporations and financiers, who can then roam the world snapping up assets and arbitraging global imbalances with nearly-free money.
Europe's Glacial Growth Lowers Prospects for Job Seekers 
Pump and Dump: How to Rig the Entire IPO Market Without Raising ANY Money
Europe's bank test celebrations mask mounting challenges
Why Do Banks Want Our Deposits? Hint: It's Not to Make Loans.
Ukraine unlikely to receive IMF loan tranche this year - finance minister
Total War over the Petrodollar
A meditation on the circumstances surrounding the death of Total SA's chief executive, Christophe de Margerie. -- RF
The European Central Bank Embarks on Asset Purchases
These three charts show McDonald's biggest problem

## Airline Death Spiral ##
Dutch arm of Air France-KLM to shed 7,500 jobs: report
Fuel costs weighed on JAL's first-half operating profit
Airplanes of the future are windowless

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kobani Death Toll Crosses 800 As Kurds Await Reinforcements From Iraq
Pakistan experts expect more defections to the Islamic State
Suicide bomber in Iraq kills 27 Shi'ite militiamen near Baghdad: police
Syria Says Providing Military Support to Kurds in Kobani
Afghanistan looks to China as US troop withdrawal continues
Afghanistan has requested assistance from the Shanghai Cooperation Organization in its fight against the Taliban, according to an Oct. 24 report from Duowei News, a media outlet operated by overseas Chinese.
Poland to move 1000s of troops toward eastern border
Pakistan and Iran exchange mortar fire on border
India to build 6 submarines
U.S. may join Japan-Aussie sub project
Saab finalizes $5.4 billion Brazil order for 36 fighter jets
Israel's Iron Dome Missile Defense System To Be Altered For Use At Sea
Netanyahu to expedite plans for 1,000 new settler homes
Mexico Arrests Four Gang Members, Uncovers New Mass Grave In Search For Missing Students
Saudi Arabia Sentences 3 Lawyers to Jail for Tweets
Scientists spot Russian sub in Arctic Ocean
Israel's ranked as Middle East's best military
Saudi Arabia carries out 61st execution of 2014
Libya near 'point of no return', U.N. says as fighting toll rises

## Global unrest/mob rule/angry people/torches and pitchforks ##
Cologne Hooligan Riot: Alleged Neo-Nazis Clash With German Police In Anti-Salafism Demonstration
African Boys Attacked at Bronx School, Called "Ebola": Advocacy Group
Italians Rally in Rome to Protest Renzi's Labor Rules Change
Do Hong Kongers Think The US Is Behind Occupy Protests?
It would be naive to think that the US is not somehow involved. Perhaps not pulling the strings, but stirring the pot to facilitate unrest, thereby creating a headache for China. -- RF
Holding Computers Aloft, Thousands March in Budapest Against Anti-Democratic Internet Tax
Demonstrators oppose state secrecy law (Japan)

## Energy/resources ##
Fracking, a 'False Premise' that manufactures 'False Promises'
Ukraine Facing Harsh Winter Due To Coal Shortages
Big changes in US heating oil (Platts video)
Sulfur levels used in heating oil in the US Northeast are tightening and about to get tighter. Some of these new restrictions requiring states to cut the maximum sulfur content in home heating oil by 75% will be in full force this winter. John Kingston, director of news, and David Henry, associate editor, US diesels, discuss how the restrictions could affect distribution companies and the potential affect of a supply squeeze on diesel.
WTI falls below $80 per barrel, Brent sheds gains
Solar Struggles To Compete With Other Renewables On Cost
Why Oil Prices Are About To Settle
Low oil prices threaten Norway's Arctic, UK's mature fields
Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.
Copper Surges After Report Mysterious London Buyer Has Cornered Up To 90% Of Market
Shell may abandon Arctic drilling plans without lease extension: letter
A variety of unanticipated delays may force Shell to abandon its roughly $6 billion venture in Arctic waters if the Obama administration does not extend its leases by five more years, according to a company letter made public this week.
Maersk: Drilling Industry Dip Could Last Into 2016

## Infrastructure scavenging ##
Don't Park Tractors in Houston, Equipment Theft Capital

## Got food? ##
Warm autumn hits fruit prices as too much is produced (UK)
Shashe farmers demonstrate practical food sovereignty

## Lifestyle Solutions ##
Own Physical Gold and/or Silver? Here Are Some Ideas On How To Store/Hide It

## Environment/health ##
Liberia tightens anti-Ebola rules at seaports
Australia bans travel from Ebola-hit countries; U.S. isolates troops
BP Oil Spill Left Rhode Island-Sized 'Bathtub Ring' on Seafloor
New research shows that the BP oil spill left an oily "bathtub ring" on the sea floor that's about the size of Rhode Island. The study by UC Santa Barbara's David Valentine, the chief scientist on the federal damage assessment research ships, estimates that about 10 million gallons of oil coagulated on the floor of the Gulf of Mexico around the damaged Deepwater Horizons oil rig.
Colorado researchers working on Ebola vaccine for military
U.S. Army Troops Returning From Ebola Zones Held 21 Days
Surge In Hydroelectricity Could Spell Disaster For Biodiversity
European researchers say an unprecedented surge in the construction of hydropower dams around the world could double renewable electricity generation, but potentially at the expense of freshwater wildlife.
Syringes are now currency in heroin-addicted Myanmar
Facing Imminent Extinction, African Lions Demand Federal Protection, say Officials

## Intelligence/propaganda/security/internet/cyberwar ##
Former CBS Reporter Accuses Government of Secretly Planting Classified Docs on Her Computer
'Blimp in a Box' Deployed in Search for Cop-Killer Suspect Eric Frein
Unique ID May Follow Some Verizon Wireless Customers Online
US official urges allies to combat IS ideology
Payment Wars: How Merchants And Carriers Are Trying To Block Payment Systems They Can't Track
The wearable technology future is coming, and it sounds pretty awful
FBI Raids Federal Contractor's Home – Has the Government Identified the "Second Leaker"?
More "War on Terror" Abuses – Spying Powers Are Used for Terrorism Only 0.5% of the Time
FBI Created Fake Seattle News Story to Catch Bomb Threat Suspect
Report Reveals Wider Tracking of Mail in US
In a rare public accounting of its mass surveillance program, the United States Postal Service reported that it approved nearly 50,000 requests last year from law enforcement agencies and its own internal inspection unit to secretly monitor the mail of Americans for use in criminal and national security investigations.
Homeland Security steps up protection at federal buildings
Feds introduce new anti-terrorism bill (Canada)
Cyber breaches put 18.5 million Californians' data at risk in 2013: report
How the Washington Press Turned Bad
There was a time when the Washington press corps prided itself on holding the powerful accountable – Pentagon Papers, Watergate, Vietnam War – but those days are long gone, replaced by a malleable media that puts its cozy relations with insiders ahead of the public interest.
Ed Snowden Taught Me To Smuggle Secrets Past Incredible Danger. Now I Teach You.

## Systemic breakdown/collapse/unsustainability ##
Post-peak Italy: the decline continues
Italy is in full collapse, with all economic and financial indicators in decline. Industries are closing down and restaurants are opening; the system is trying to adapt by tapping the remaining available resources in the form of foreign tourists.
The SUV goes from All-American to global star
US States Slashing Education Spending
State-level K-12 education spending has fallen dramatically in many states since 2008. In that time, 29 states cut per pupil spending, shifting the burden of financing education to local school districts and, in many instances, forcing schools to cut costs and even teachers.

## Japan ##
Despite Worrisome Volcano Warning, Nuclear Restart Approved for Japanese Plant
JR Hokkaido found to have ignored 260 track irregularities
Radioactive soil stored at Fukushima schools not covered by recent disposal law, has nowhere to go
Down and out in upscale Japan
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
Strong earnings no longer a magic wand for Japanese companies
Japan to create cabinet post for Tokyo Olympics
Takata air bag crisis 'has roots in rapid global expansion'
Ebola likely to necessitate biosafety facility's activation

## China ##
China "Ghost Town Index" - Here Are China's 10 "Ghastliest" Cities
Beijing Tells Its Residents to Leave Town Ahead of APEC Summit
Online financing, rising costs squeeze profits at China's midsize banks
Ebola Outbreak In China Is A Likely Scenario As A Result Of Chinese Workers In Africa: Expert
China's oil demand setting records
China Fake Invoice Evidence Mounts as HK Figures Diverge
One reason China's housing market collapse will get even uglier: home ownership is already 87%
A Chinese Soft-Landing Will Inevitably Lead To A "Very Brutal Hard Landing", Pettis Warns
China says more heavy smog expected ahead of APEC summit
China aims to reform military, online media
China will more closely manage its military and increase online limitations, a meeting of its Communist Party indicated Tuesday.
China announces plans to set up anti-terrorism intelligence system
Chinese Communist Party Members Urged to Abstain From Mahjong, Other 'Small Thrills'

## UK ##
Britain faces tight power supply this winter-National Grid
Lack of wind or nuclear problems 'could wipe out UK's spare power capacity'
Household lights could be dimmed this winter if wind doesn't blow and nuclear    plants stay offline - despite new emergency measures to prevent blackouts, experts warn
Study questions British wind energy resilience
Rising numbers of GPs turfing patients off lists

## US ##
Getting More Likely Jeb Bush Will Seek Presidency, Son Says
Durable Goods Decline Second Month; Key Take-Aways
How Will The Stock Market React To The End Of Quantitative Easing?
We Don't Have One Problem--We Have Three Interlocking Sets of Problems
The additional sets of problems added as "solutions" only guarantee that the third and final crash of asset bubbles just ahead will be far more devastating than the crashes of 2000 and 2009.
To Protect and Perve – California Cops Share Nude Photos Stolen from Citizens' Cellphones
Sheriff defends using officers, armored truck in seizure
Marathon County authorities acted appropriately when they sent two dozen officers and an armored vehicle to seize property from an elderly couple in the town of Stettin, Sheriff Scott Parks said Monday in response to critics.
Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers
Does This Look Like A Housing Recovery To You?
New Home Prices Plunge the Worst EVER (in One Ugly Chart)
Cities Rebel Against Federal Immigration Enforcement Programs
A growing number of U.S. cities are rebelling loudly and clearly against a federal program designed to streamline the deportation of immigrants in the criminal justice system. From Miami to San Diego to Chicago, cities are simply refusing to hand over immigrants to federal authorities unless there is a court order for their arrest.
One Percenters Drop Six Figures at Long Island Mall
At Americana Manhasset, the salespeople know your closet better than you do. They call designers in Paris or Milan to find the perfect little black dress. They deliver soup when you're ill.
America Secretly Recruited Thousands Of Nazis As Cold War "Assets"
Guess How Much Americans Plan To Spend On Christmas And Halloween This Year…
"Stop Thanking Me for My Service" – Former U.S. Army Ranger Blasts American Foreign Policy and The Corporate State
Woman asked to stop breast-feeding in OB-GYN office
Official: Deputy not wrong to point gun at 2 men
15 Signs That We Live During A Time Of Rampant Government Paranoia
Time Warner's HBO to cut 7 percent of staff
Rental rates are outpacing wage growth: What are the implications of rising rents when wages are simply not keeping up?
Here Is The Reason For The Surge In Consumer Confidence
What's Keeping Americans From Buying Homes? Try College Debt
Scared of the Stock Market? Try Investing in Consumer Debt

And finally...
Caught on Camera: 'China's Worst Driver'
NBC News Man was dubbed by Chinese media as "China's worst driver" after numerous failed attempts to back out of a parking spot are caught on camera.
'Hello Kitty' arrested on drunken driving charge


 

News Links, October 25-27, 2014

The rice crop is in!

## Global Ponzi meltdown/House of Cards ##
What Unilever just Said About Consumers Around the World: "It's Really Tough out There"
What is it with these consumer-products companies that need to sell a lot of cheap stuff to a lot of consumers around the world? Over the last few days, one after the other reported what are more or less unvarnished quarterly revenue and earnings debacles.
This is the Most Self-Explanatory, Ridiculously Clear Chart About Amazon I've Ever Seen
Europe's Gong Show At Work: Back Taxes And Busted Banks
25 European banks set to fail health checks - sources
Hyperventilation Charade: EU Demands Another €2.1 Billion from UK, "We Won't Pay," Says Furious Cameron
French unemployment hits new record high
Goldman and Blackstone Enter Spanish Real Estate – Pain and Suffering for Poor People Immediately Ensues
Asia economic growth to languish as China slows: poll
European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity
This is what Ebola is doing to West African economies
Deutsche Bank lawyer found dead by suicide in New York
Canadians may be 'buying too much car': Moody's sounds alarm on bank auto loans
Bank auto lending has grown at a compounded annual rate of 20% since 2007, "significantly outpacing" the growth of even red-hot mortgages, credit cards, and lines of credit, according to the ratings agency report released Thursday. In seven years, vehicle loans have jumped from $16.2- billion to $64-billion.
Gulf states will have to cut spending as oil price dips - Kuwait minister
Working for peanuts
Half of American workers earn less than $28,031 per year and household income now back to levels last seen two decades ago.
What Do Seven Billion People Do? Top 10 Mega-Cities by Population 2014 vs. 2030 Estimate
Italy's in terminal decline, and no one has the guts to stop it
The Scariest Number Revealed Today: $1.114 Trillion In Eurozone Bad Debt

## Gold ##
The crucial questions financial journalism won't ask and central banks won't answer
What the Swiss Gold Referendum Means for Central Banks
Fastest Pace Of Withdrawals From JPM's Gold Vault In Over A Year
Why Gold Is Undervalued

## Airline Death Spiral ##
Frontier Airlines says goodbye to Siouxland for the second time
Airlines' losses soar on high fuel costs in FY14
Legroom Doesn't Always Increase With Ticket Price, Article Says
Saga government to subsidize excess baggage fee on China-bound flight (Japan)

## Fault lines/flashpoints/powder kegs/military/war drums ##
ISIS Allies Carving Out Territory in Eastern Libya
Libya is falling apart with a collection of rival militias both Islamist and secular taking over various cities and regions, and the government itself controlling little more than a hotel at the town of Tobruk.
US Official: Bombing Oil Pipelines in Syria a 'Viable Option'
The US War Against ISIS Is Barely Degrading, Certainly Not Destroying The Militants
Are We Ready for the Fall of Baghdad?
Pentagon: Iraq Won't Attempt to Retake Mosul for a Year
Iraqi government says key town has been taken from Islamic State
Anti-Occupy mob roughs up Hong Kong journalists
India closer to real-time surveillance of India-Sino border
Surveillance cameras with a depth of view extending over 20 kilometers into Chinese territory have been equipped by the Indo-Tibetan Border Police a month after the People's Liberation Army entered the disputed regions of Demchok and Chumar in Ladakh, reports the New Delhi-based Times of India.
Chinese Nuclear Submarines, 'Boomers' Missiles Could Hit Hawaii, Alaska: Report
Tanzania, China sign East Africa investment deals worth $1.7 billion
Putin: Russia helped Yanukovych to flee Ukraine
The Western media will make a big deal out of this, but will almost certainly not remind the public about how Ferdinand Marcos fled the Philippines. -- RF
Has Putin Already Won in Ukraine? Sure Looks That Way
"Whatever We Decide Is A Disaster For Us" France Admits Putin Is Winning, Europe "Blinked"
Now we have open admissions that Putin has bested his opponents. Whatever you may think of the Russians, they are master chess players and tough fighters. -- RF
Suspicious Canada Shooting Triggers 'Minority Report' Pre-Crime Plans for 'Preventive Arrests'
Japan could deploy minesweepers off S. Korea in war with North, U.S. admiral says
In Brazilian city, homeless face 'extermination'
US General: Kim Was Never Out of Power in North Korea
Ukraine not answering queries on MH17
The Ukraine has not replied to a single query on Malaysia Airlines flight MH17 that crashed in the country's east after apparently being shot down, Russia's Permanent Representative at the UN Vitaly Churkin has said.
UK, US Forces Handover Last Military Bases As Afghanistan Operations Draw Down
US-Israel relations in 'crisis' after Moshe Ya'alon snubbed
Israel's relations with its key ally, the United States, have hit a new low after the Obama administration snubbed Moshe Ya'alon, the hard-line Israeli defence minister, on a visit to Washington as punishment for past criticisms of White House policy.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Climate Change Linked to Rising Violence: Report
The return of Occupy London: this time it's truly political
Activists Form Human Blockade to Stop Community from Becoming 'Gas Station for Fracking'
Hong Kong Tensions Rise Between Protesters, Opposition
Protesters keep surveyors out of proposed nuke waste disposal site (Japan)

## Energy/resources ##
Falling Coal Prices Wreaking Havoc With Corporate Balance Sheets
The slide in oil prices has raised speculation that oil companies in the U.S. could be forced to cut back on production, but a market slump in another commodity is also putting pressure on producers. Coal markets are currently experiencing a supply glut that is showing no signs of recovery.
Putin urges West to help Ukraine with funds for Russian gas
Eastern Europe Shivers Thinking About Winter Without Gas
INFOGRAPHIC: What's Ahead for an Overpopulated Planet
U.S. Said to Join Russia in Blocking Nuclear Safety Moves
Even as relations between Russia and the U.S. have sunk to a post-Cold War low over the crisis in Ukraine, the two powers have come together to press their shared interest in resisting more stringent safety guidelines, said the diplomats. The U.S. is the world's biggest nuclear-power generator, while Russia exports more reactors than anyone else.
15 Big Oil sell signals that warn of a 50% stock crash
Is Turkey entering an energy bottleneck?
We have very serious problems in our natural gas supply. Even if we do not have any political friction with Ukraine or Russia, in the days when temperatures drop below -5 °C our natural gas demand will not be met.
Energy Economics - Crash Course Chapter 19

## Infrastructure scavenging ##
Metal thieves target sewer grates
Thieves steal storm drain covers in Fort Worth
Catalytic Converter Thieves Target Silver Lake for Scrap Metal
Thieves hit another power substation, stealing copper ground wires
Thieves pry brass plaques from soldiers' gravesites
Parishioners left 'desolate' after historic bells stolen from West Suffolk church

## Got food? ##
GCC food imports demand forecast to hit $53bn by 2020
The GCC's regional food import bill will rise to over $53 billion by 2020 as its soaring population has resulted in imported products accounting for up to 90 percent of all food supplies, it has been announced.
California – A Food Powerhouse in Peril

## Lifestyle Solutions ##
From Home-Grown Tomatoes to Home-Made Pasta Sauce
A Wood Pellet Stove Turns Waste Wood Into Home Heat

## Environment/health ##
NYPD Stunner: Cops Exit Ebola Victim Apartment, Dump Gloves, Masks In Sidewalk Trash Can
New York, New Jersey to Quarantine Ebola-Risk Fliers
World Health Organization Says 4,922 Killed And More Than 10,000 Infected By Ebola
Pentagon builds units to transport Ebola patients
'Stop the Toxic Treadmill': EPA Sued for Approving Controversial Herbicide
Massive sunspot sending violent flares toward Earth
Microbes released from melting permafrost speed up climate change
A newly discovered microbe appears to be releasing massive amounts of methane, a powerful greenhouse gas, as permafrost succumbs to rising global temperatures.
USA's ravenous $1.5B problem: 5 million wild pigs

## Intelligence/propaganda/security/internet/cyberwar ##
Now Everyone Wants to Sell You a Magical Anonymity Router. Choose Wisely
Cash, credit or debit? Retail hacks force 'freaked out' holiday shoppers to rethink
Treating Putin Like a Lunatic
Official Washington treats whatever comes out of Russian President Putin's mouth as the ravings of a lunatic, even when what he says is obviously true or otherwise makes sense, as the New York Times has demonstrated again.
SOCOM Wants To Start Data Mining the Open Web
US Special Operations Command (SOCOM) is building an open-source data-mining program that will run automatic keyword searches across a variety of websites and databases, allowing its operators to build a better picture of their operating environment in as close to real time as possible.
New technologies pluck out voices at distance
Elon Musk warns against unleashing artificial intelligence 'demon'

## Systemic breakdown/collapse/unsustainability ##
A Pink Slip for the Progress Fairy
Although a bit long, this is very interesting and informative if you are interested in the process of collapse. Although I agree that "this time is different" certainly cannot be a reason for supposing that industrial civilization won't collapse like all previous civilizations, in the case of industrial civilization there are some unprecedented differences (call them "this-time-is-different factors" if you like) that could accelerate collapse and make it much worse. First, there are far more humans than before, making for a population that is both dense and highly mobile. That is why Ebola could readily expand into a global pandemic. It's also why a crop failure, or just the inability to deliver food when and where it's needed, could starve millions in no time. Second, industrial civilization is global in scale, and everything is tightly networked and optimized. The system is complex and fragile. Trade and finance are woven into this system, which is becoming increasingly digitized, making it highly vulnerable to power outages, server problems, hacking and other sabotage, natural disasters, or many other kinds of disruptive events. Third, industrial civilization has found and largely consumed the high-grade resources, forcing us to move on to lower-grade, more expensive resources. Fourth, ecosystems are under heavy attack and being rapidly degraded. Fifth, climate change is putting further stress on societies and economies. Sixth, economies are wheezing under a crushing debt load that grows heavier daily. Because the economy grows by expanding debt, governments have no choice but to keep piling it on. These and other factors create a toxic brew that could explode into planetary chaos at any time, resulting in catastrophic disruption and the deaths of billions. Have a nice day! -- RF
Dangerously defective air bags raise questions about automakers' ability to handle gigantic recall
Corporate-controlled technologies and their aftermath
2014: The Last Good Year

## Japan ##
Lawmakers in tsunami-hit region eye casino to hasten recovery
The BOJ's Moving Target: 2% in Three Years?
Finance Ministry wants to squeeze more children into classrooms, close elementary schools
Tourists to be quizzed on African stays as Japan braces for Ebola
Miyagi town protesters block gov't survey of proposed radioactively contaminated waste site
Senior Japan official calls for Abe to delay sales-tax hike
Tokyo govt to issue foreign currency debt
The Tokyo metropolitan government said it will switch part of its planned ¥20 billion's worth of debt securities for retail investors into Australian dollar-denominated notes.
Coal cheapest way to produce power
Just 800 km apart, Japan holds military drills with Russia, U.S.

## China ##
China Factory Races to Produce Ebola Protective Suits
Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities
China's auto market growth may halve to 7 percent this year: industry body head
What the Heck Happened To Macau? High-rollers from Mainland China are backing off.
China 10,000 Tons of Gold Reserve? Could Have Been Done With Ease
Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out?

## UK ##
Millions face years on the breadline: Britain has more long-term low-paid workers than ever
A generation of Britons is destined to spend years languishing in low-paid jobs barely above the minimum wage, with the number in poorly paid work at a historic high, a major report will reveal this week.
UK power margins tighten further for winter, but gas stocks high
Clocks going back 'adds £24 to winter energy bills'
Street lights to be switched off

## US ##
"They Just Want The Money!" The IRS Can Now Seize Accounts On Suspicion Alone
50 Percent Of American Workers Make Less Than 28,031 Dollars A Year
22% of Workers Would Rather Die Early Than Run Out of Money
For the Bottom 90% of Americans, Financial Security is Slipping Away
Cutting Through Washington's Housing Recovery BS: September New Homes Sales Were Below 1966 Level!
Evidence of Another Even More Sweeping Housing Bust is Already Starting to Appear
NYC police say hatchet attack by Islam convert was terrorism
Port squeeze threatens US retailers' holiday stocking plans
7 things the middle class can't afford anymore
A Mystery Bidder Offers $3 Million for 6,000 of Detroit's Worst Homes
Hillary Clinton's Statist Economics—–Then And Now
May the gods have mercy on us. -- RF
Federal Reserve to take away the punch bowl
Detroit $1,000 Home Program Fails To Make Progress

And finally...
Professor suspended from top university for giving off 'negative vibes'
3 Chinese men arrested for buying too many diapers (Japan)


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