Thursday, July 31, 2014

 

News Links, July 31-August 1, 2014

## Global Ponzi meltdown/House of Cards ##
Why The Global Bubble Is Fracturing: After Monetizing Debt At $3 Trillion Annual Rates, Central Banks Have Sharply Slowed Their Printing Presses
Substituting Debt for Income Is Not Success--It's Failure on an Epic Scale
Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar
French Housing "In Total Meltdown", "Current Figures Are Disastrous"
Gold Is Now Officially Money
Australia bans reporting of multi-nation corruption case involving Malaysia, Indonesia and Vietnam
Russia-Ukraine tensions pose credit default risks: IMF
M.A.D. Sanctions; Two Games at Once
Portuguese Regulator Bans Short-Selling After Banco Espirito Santo Unveils Massive $5 Billion Loss
"Reverse Bailout": Private Banks to Argentina's Rescue?
IMF Warns China: Reform or See Your Growth Rate Plummet
Dow Dives 317 Points, Erasing A Month Of Gains
Sanctions Starting to Bite the Hands That Promoted Them
Espirito Santo Plunges After Posting 3.6 Billion-Euro Loss
Hold some gold. Better safe than sorry
Asia Acquires 600 Tonnes Of Gold From Switzerland In First Half Of Year
214 Years Of Sovereign Defaults In One Chart
11 Countries Near Bankruptcy

## Cut, baby, cut! ##
Amgen to cut 2,900 workers and close four facilities
Osram to cut almost 8,000 jobs in switch to LED
JPMorgan Said to Cut Support Jobs Amid Trading Slump 
Why Microsoft's Layoff Is Much More Sweeping Than The 18,000 Cuts

## Airline Death Spiral ##
SpiceJet Plunges 12% on Financial Concerns
Flights, soccer games cut as Ebola spreads
No profit: Royal Dutch Airlines also cuts flights to Zambia
U.S. citations against airlines soar
Tigerair sinks deeper
Aviation insurers suffer biggest losses since 9/11
Aer Lingus losses narrow
U.N. aviation agency acknowledges complexity of ensuring flight safety over conflict zones
The Airline Threat No One's Talking About
As I noted on July 23, "As the world becomes increasingly unstable, the skies will become increasingly unfriendly to commercial aircraft." -- RF
Do caged pigs get more space than airline passengers?
Singapore Airlines Q1 net profit plunges 71.4 percent
China to Launch New Incentive Plan for Regional Airports
Most of the 184 domestic airports operate at a loss every year. The China Airport Development Fund, 6 percent of whose revenues Chinese carriers contribute, subsidizes the losses. Last year 144 airports, including a few classified as regional, posted a combined loss of $1.97 billion.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Bolivia declares Israel a terrorist state
Gaza conflict: Israel calls up 16,000 more reservists as US supplies army with ammunition
Israel Allowed To Tap U.S. Munitions Cache For Gaza Offensive
Israel and Hamas agree to 72-hour cease-fire
Land for gas: secret German deal could end Ukraine crisis 
West Faces Jeopardy From New Sanctions Targeting Russian Oil Industry
New Russia Sanctions: Washington, Delusional About US Energy Capacity, Lashes Out
State Department OKs Largest-Ever Sale of Hellfire Missiles to Iraq
France Presses On With Deal To Sell Two Warships To Russia
Dynamic Economies Face Off in the South China Sea
India Warships Off Japan Show Rising Lure as China Counterweight
Libya Islamic militias declare control of Benghazi
Heavy shelling, clashes spread in Libya's Tripoli
Japan to supply six ships to Vietnam, intended for patrolling: sources

## Global unrest/mob rule/angry people/torches and pitchforks ##
China's latest terror attack took place in one of its poorest areas
Greek court acquits farmers who shot 28 Bangladeshi strawberry pickers
A Greek court's decision to acquit local farmers who admitted shooting 28 Bangladeshi strawberry pickers when they dared to ask for months of back pay has sparked outrage in the country.

## Energy/resources ##
Train wreck: How Fracking Is Blowing Up Balance Sheets of Oil and Gas Companies
Wolfcamp CAPEX Spending to Exceed $12B in 2014
European Oil in 'Doldrums' Needs Discovery, Tullow CEO Says
Venezuelan, Russian oil firms ink new deals
Russia's Rosneft, North Atlantic Drilling In $4.25B Drilling Deal
Demand Destruction: Beyond Energy Efficiency
The Ukraine conflict, peak cheap gas and the MH17 tragedy
Major Power Failure Across New Providence
Italy approves sale of energy grid stake to China
What The Oil Headlines Miss: Interview with Michael Levi
Sao Paulo Told to Cut Water or Risk Running Out in 100 Days
German Water Supply Threatened as Climate Change Boosts Droughts
Kurdish oil cargo unloaded at sea, destination a mystery
Rosneft Moves to Thwart EU Sanctions With Norwegian Rigs

## Infrastructure scavenging ##
Ohio tops metal theft report (US)
Thieves plunge Centurion into darkness (South Africa)
Residents see red over rampant cable theft (Malaysia)
Thieves 'loot' ZRL infrastructure (Zambia)
ZAMBIA Railways Limited is losing millions of Kwacha through theft of the company's installations.

## Got food? ##
Food prices skyrocket (India)
Drought May Cause Food Prices To Increase (US)
Should We Return The Nutrients In Our Pee Back To The Farm?

## Lifestyle Solutions ##
Debt-Free Living in Your Dream Home

## Environment/health ##
German Environment Agency calls for rules preventing fracking
Germany's Environment Agency said it wanted to make fracking practically impossible to head off the risk that the technique for extracting gas could contaminate groundwater with chemicals.
Florida health officials warn of flesh-eating bacteria
Another Mass Extinction Likely Underway: Scientists
Chikungunya Cases Rise in New York Area
Big plan needed to save US coastal cities: Report
Oklahoma shook by three earthquakes in less than 48 hours
Call for 'radical action' on drug-resistant malaria
Ebola: Liberia shuts schools to tackle outbreak
Ebola crisis: US peace corps pull out of West Africa
Ebola outbreak: hundreds of Western aid workers evacuated as death toll approaches 750
Ebola travel warning issued for 3 African countries

## Intelligence/propaganda/security/internet/cyberwar ##
New York knows where your license plate goes
'Big Brother' airport installs world's first real-time passenger tracking system
Internet privacy service Tor warns users it was attacked
The posters that sold World War I
Jeremy Scahill: White House Censoring What US Public Can Know About Torture Program
'Internet of Things' Devices Vulnerable to Attack: Report
USB device viruses could evade all known security
USB devices such as keyboards, thumb-drives and mice can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday.
CIA admits spying on US Senate committee
Is This the Death of Passwords?
Private, disappearing chats aren't just for teens anymore

## Systemic breakdown/collapse/unsustainability ##
America 'Under the Dome': Who dies in food wars? Austerity, wars, population control in the coming age
I-35W bridge is aging, seven years after collapse
Cracks emerged in concrete girders. A drainage hole on the bridge deck plugged up. Rust showed above piers. Seven years after the collapse of its predecessor, the new Interstate 35W bridge has been showing its age.
This Is What Is Going To Happen If Ebola Comes To America
Our Totalitarian Future – Part One

## Japan ##
Yen-Dollar Trading in Tokyo Totally Collapses
Japan's Mad Money Printing Not Working: June Industrial Production Plunges, Shipments Down For 5th Straight Month
Japan's soldiers practice amphibious landing in Hawaii
Japan June Wages Rise Less Than Forecast in Risk to Spending
Japan's Output Drops Most Since 2011 as Consumers Spend Less
Japanese industrial output fell the most since the March 2011 earthquake, highlighting the widening impact to the economy of April's sales-tax increase.
8 tril. yen market eyed for hydrogen energy in 2050: report
Hokkaido Electric applies for additional 17% rate hike
Town picked as candidate for radiation-tainted waste dump, drawing protest
Japan's housing vacancy rate hits record high 13.5%
Japan must hike sales taxes again to conquer debt: IMF
Radioactive dust released during Fukushima cleanup reaches as far as Miyagi Prefecture

## China ##
Xinjiang: Tight security after deadly violence
Uighur academic in China charged with separatism
China vows zero tolerance and harsh punishment for rule-violating sales and growing of GM rice
Imam of China's largest mosque killed
Deadly Violence in Xinjiang Not a Terror Attack, Uighur Group Says
Uighur Scholar Faces Separatism Charge as Xinjiang Unrest Rages
China ghost cities and real estate correction: China's GDP and individual household wealth is heavily tied to real estate. What happens when a correction hits?
China creates war room to guard air defense zone: reports

## UK ##
HSBC closes bank accounts belonging to Muslim clients in the UK
UK police to start seizing drivers' mobile phones after all crashes
Police are to start seizing drivers' mobile phones after a crash in order to check whether they were texting or calling while at the wheel.
Middle aged priced out of housing ladder turn to lodger lifestyle
They are the age when those in their parents' generation would have hoped or even expected to have a family home of their own. But increasing numbers of people in their 40s are choosing to abandon the property market altogether to become lodgers because of soaring property prices and rents.
Londoners Cashing in Flee to Suburbs as Home Rally Wanes

## US ##
GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation
Poverty Growing Fastest in the Suburbs Following Recession
The Fed's Failure Complicates Its Endgame
21 Ways To End The Phrase 'Americans Are So Broke…'
"Three Lost Decades" – How the American Middle Class is 20% Poorer Now vs. 1984
The "Nanny States of America" – Mother Arrested for Allowing 7-Year-Old Son Walk to Park Alone
If You Can't be Rich, Work for Them as a Butler, Banker or Lawyer
Many Americans can't afford Obamacare: Aetna CEO
$730 Million in Back Taxes Owed by U.S. Defense Workers with Security Clearances Viewed as Posing Risk
22M young adults live at home: New survey says parents don't mind
4 Reasons Social Security Is In Trouble - Will You Be, Too?
US stocks plunge, wiping out July's gains
Debit overdraft fees often exceed cost of purchase
Bank Fees: With "Protection" Like This, Who Needs Enemies?
In San Francisco real estate, $1M won't buy much
How much did subprime loans fuel the GDP boom?
It'd be tempting to think that the days of subprime loans fueling the economy were a product of the era of the aged or departed Ace Greenberg, Alan Greenspan and Angelo Mozilo. Except when you break down the growth in GDP, it's clear that car and light truck purchases played a major role. And subprime loans, in turn, are financing those transactions.
Chicago PMI Collapses To 13-Month Lows, Biggest Miss On Record
UCLA campus, Sunset Boulevard flooded by break in 93-year-old water main
Most Americans Now Avoid Drinking Soda Pop
10 Cities Running Out of Water
California drought: 'May have to migrate people'

And finally...
Drunk woman attacks plane crew with prosthetic leg
Woman rings police to complain about quality of crystal meth
Ohio woman allegedly poops in front of Walgreens after being accused of shoplifting


Tuesday, July 29, 2014

 

News Links, June 29-30, 2014

## Global Ponzi meltdown/House of Cards ##
The Baltic Dry Index (BDI) Is Breaking Down To New Lows
IMF Warns Pound Overvalued; What About Other Currencies?
Mapping The Global Contagion From Portugal's Systemic Banking Crisis
Lloyds fined £217 million over Libor rigging
Argentina fights with debt holdouts; default nears
Swedes in Household Debt Binge Seen Provoking Policy Slap
Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify
Commerzbank deepens job cuts in toughened savings plan: sources
How Bad Can The Junk-Bond Sell-Off Get? So Bad It'll Take Down Stocks
As Inequality Soars With Bloated Executive Pay, U.K. Group Demands "Radical Action"
85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined
Jobless families occupy homes in Spanish tourist town
U.S. sales to Russia have only risen since sanctions imposed
Russia sanctions threaten to blow euro zone off course
Sanction Spiral Successful: German Exports to Russia Plunge
War Is Coming
The extraordinary propaganda being conducted against Russia by the US and UK governments and Ministries of Propaganda,  a.k.a., the "Western media," have the purpose of driving the world to war that no one can win. European governments need to rouse themselves from insouciance, because Europe will be the first to be vaporized due to the US missile bases that Europe hosts to guarantee its "security."

## Airline Death Spiral ##
Emirates to stop flying over Iraq due to missile risk
Airline insurers face biggest bill since 9/11
Loyalty programs are inspiring more travelers to go turncoat
House Votes To End Full-Fare Rule For Airline Tickets
Top analyst: Why higher airfares are here to stay
The airlines are making millions, but there's no relief in sight for consumers
Avoiding plane crashes as air traffic doubles

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ukraine's use of unguided rockets in civilian areas of Donetsk 'may be war crimes'
US Indirectly Admits Ukraine's Missile Systems Present near Donetsk when MH17 Crashed
Inside The Political Brawl In Kiev: Extreme Nationalist And Neo-Fascist Parties Waiting In The Wings
The U.S. Is Already MILITARILY Involved In Ukraine … Even Though the American People Want Us to STAY OUT
No BBC Video Removal Scandal After All; Evidence of Military Planes Shadowing MH17 Mounts
UN Says MH-17 Downing "May Be War Crime"; Russia Responds Photos Of Ukraine Shelling Are Fake
Ukrainians Ordered to War, Women Burn the Military Writs
Senator Bob Corker's Russian Ultimatum Is A New Low In Stupid Belligerence
Netanyahu rebuffs UN cease-fire call, warns Israelis of 'prolonged campaign'
Vast Libya petrol tank fire 'out of control' after militia rocket strike
Is Latin America's Military Making a Comeback?
U.S. Only Country of 47 to Vote against Investigating Possible Human Rights Violations during Israeli Occupation of Gaza
The Shocking Reason Putin Isn't Worried About The $50 Billion Yukos Ruling
China is using its immense commercial fishing fleet as a surrogate navy
Three female suicide bombers kill scores in Nigeria
Iraq is already splitting into three states
Poland Sanctioned For Hosting Secret CIA Torture Operations
Obama Approves Secret Nuclear Weapons Deal With UK

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dozens reported dead in attacks in China where Uighur separatists are active
West Bank Palestinians, Israeli Arabs protest as Gaza campaign intensifies

## Energy/resources ##
5 Industries Worried About Peak Oil
Power firms fear summer shortage (Philippines)
Coal reserves offer no relief for India fuel crunch
Wishful Thinking About Natural Gas: Why Fossil Fuels Can't Solve the Problems Created by Fossil Fuels
Emergency Electricity Imports from Armenia, Turkey after Major Power Outage (Georgia)
Increasingly Desperate Venezuela Makes Oil-for-Cash Deal With China
Most solar panels are facing the wrong direction, say scientists
Pumping Groundwater in a Drought Is Great, As Long As You Have Groundwater
Energy shortage dents DRC copper mining
Libyan blaze spreads to second fuel depot
What A World Powered By The Sun Would Look Like
Japan Bucks Trend With Financing Of Foreign Coal Plants
U.S. to seize $100 million of Iraqi Kurdish oil in tanker off Texas
Worldwide water shortage by 2040, new studies suggest
Smart meters are a "time bomb" for utilities, warns insurance expert

## Got food? ##
German NGO says TTIP will undermine global food security
Drought hits China food production: Xinhua
Your chicken is about to get more full of feces
Why your coconut water will get more expensive
Governor tried, failed to live on minimum wage for a week, ran out of bologna
Brazil Farmers Say GMO Corn No Longer Resistant to Bugs

## Environment/health ##
Liberia shuts border crossings, restricts gatherings to curb Ebola spreading
New fears about Ebola spread after plane scare
Ebola may expand its deadly reach beyond Africa
Songbirds Dying From DDT in Michigan Yards
Lack of Oversight, Damaged Tankers Caused West Virginia Chemical Spill
Rats plague Louvre Museum gardens
U.S. coastal flooding on the rise, government study finds
Flooding is increasing in frequency along much of the U.S. coast, and the rate of increase is accelerating along the Gulf of Mexico and Atlantic coasts, a team of federal government scientists found in a study released Monday.
Pesticide linked to three generations of disease: Methoxychlor causes epigenetic changes

## Intelligence/propaganda/security/internet/cyberwar ##
The Great War and the rise of propaganda
Former NSA Chief: Why I'm Worth $1 Million a Month to Wall Street
Internet 'tax' may fund new spy laws (Australia)
Phone and internet customers could face a ''surveillance tax'' of up to $100 a year if the federal government implements a scheme requiring companies to store customer data for two years, the telecommunications sector warns.
Calling All Munitions and Fighter Plane Experts: Is German Pilot Claim "Air-to-Air Attack" Brought Down MH17 Credible?

## Systemic breakdown/collapse/unsustainability ##
Why doesn't the 'long emergency' feel like an emergency?
Consumer Reports wants Toyota to recall some 177,500 Camry hybrids
The Biggest Threat to the Economy Is From Outer Space
Threats to the electric grid are coming from everywhere: saboteurs, weather and, as silly as it sounds, from outer space. The danger is significant and growing, and business risk managers are taking it seriously.

## Japan ##
Nippon Steel's Nagoya plant suffers 4th power outage in 7 months
Nippon Steel & Sumitomo Metal Corp said its Nagoya steel plant suffered another power failure on Sunday, the second in about a month and the fourth this year, causing a release of smoke from coke ovens in a process to burn off gas.
China Meat Scandal Spreads: McDonald's Japan Slashes Guidance
Energy sink: Japan Looks at Hydrogen for Power Generation
Ice wall to contain Fukushima Daiichi nuclear plant isn't freezing
Heatwave kills 15; more than 8,000 hospitalised
India naval drill with Japan, U.S. seen as signal to China
Government offers ¥230 billion over 30 years if Fukushima temporarily stores radioactive soil: NHK
The administration of Prime Minister Shinzo Abe has offered to pay the Fukushima Prefectural Government ¥230 billion over the next 30 years if the prefecture hosts temporary storage facilities for soil tainted by radiation from the March 2011 nuclear disaster, NHK reported Wednesday.
The government would not be able to keep up the payments. -- RF
Household spending down 3% in June

## China ##
Chinese Data Don't Add Up
Some Chinese McDonalds are only selling fries and drinks due to a meat recall
Satellites and seafood: China keeps fishing fleet connected in disputed waters
Overgrown Beijing slaps new limits on industry in bid to cut smog
China needs to import more food to ease water, energy shortages - official
China Said to Allow Five Regions to Create Bad-Loan Firms
China's anti-corruption push targets highest-ranking official yet
Fear And Loathing At The PBOC: China's Fragile Financial System Rules Policy
Dozens killed in mob violence in Xinjiang: report

## UK ##
Scientists accuse government of dishonesty over GM babies in its regulation of new IVF technique
Britons Sour on Buying Property Amid Record Values, Halifax Says
Parking spaces are too small for modern cars, drivers claim
Government pushes ahead with fracking plan despite wide opposition
Bid to switch street lights off to save cash
Millions of British Face Fracking 'On Their Doorstep'
EU sanctions on Russia agreed putting City of London in front line
The City of London will be in the front-line of economic sanctions against Russia after the European Union pulled back from measures that would hit a French defence deal or harm Germany's engineering exports

## US ##
Asset Forfeiture – How Cops Continue to Steal Americans' Hard Earned Cash with Zero Repercussions
Study: 35 percent in US facing debt collectors
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
No Q2 Escape Velocity Says Gary Shillng: "Q2 GDP Was Closer To 1% Than To 3%—-Perhaps Even A Negative Number"
Investment Bank Discovers the "Redistributive Effects" of QE
How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young
Our Marginal Economy
The mainstream media is delighted to highlight positive economic data, but nobody ever asks about the quality of the borrowers who are behind the rosy numbers. Behind the rosy numbers, sales and profits are increasingly dependent on marginal buyers and borrowers: those buying on credit who would not qualify to borrow money in a system ruled by prudent risk-management.
A USPS Worker Called 911, and Then His Bosses Called Him a Terrorist
California relies on thousands of inmates paid dollars a day to fight raging wildfires
The billionaires set to get even richer on the dollar-store mega-merger
Did Cuts to Food Stamps Undo Family Dollar?
Obama Seeks to Dramatically Broaden US War on Terror
Obama could curb corporate 'inversions' on his own: ex-U.S. official
U.S. Energy Secretary defends possible German nuke waste imports
US is no safer after 13 years of war, a top Pentagon official says
America's Wealthiest Are Increasingly 'Earning' Their Fortunes by Inheriting Them
Ownership society: Renting drives U.S. homeownership to 19-year low
August 2000 Redux: The Current Flood Of 11th Hour IPOs
RadioShack May Run Out of Cash Next Year, Moody's Says

And finally...
Illinois woman dies after heading back into burning home to retrieve cellphone


Sunday, July 27, 2014

 

News Links, July 27-28, 2014

## Global Ponzi meltdown/House of Cards ##
You Can't Taper a Ponzi Scheme: Time to Reboot
The Relentless Fiasco of French Unemployment
Argentine default looms as time runs out for debt deal
The Absurdity of Celebrating 'Successes' of Scandal-Ridden, Bailed-Out Banks
IMF fears ultra-low rates are fuelling asset bubbles

## Airline Death Spiral ##
8-hour flight restrictions to hit city airports today (Shanghai)
Chinese Airlines Brace for Dramatic Losses Due to Military Drills – Report
JetBlue, the 'Nicer' Airline, Needs You to Get Ready for a New Bag Fee
Airline Legroom: Boeing and Airbus Help Shrink It Even More
Airline Stocks Swing To Sharp Losses Despite Hefty Q2 Profits

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Reasons Why Israel's Military Is In Such A Tough Fight
'John Kerry is an alien, an ongoing embarrassment': what Israel thinks of US secretary of state
Destroy Hamas? Something worse would follow: Pentagon intel chief
Gen. Dempsey: We're Pulling Out Our Cold War Military Plans over Ukraine
SBU Cleans Website of Bogus "Proof"; Mystery of 312 Grows
16 Considerations Which Debunk Washington's Propaganda About Flight 17
US Releases Satellite Images Allegedly Proving Russian Shelling Of East Ukraine
Study: Arms embargo wouldn't hurt Russia
Saigon Redux: US Embassy Flees "Liberated" Libya
Barrel Bomb Attacks Devastate Iraqi Families
Increasing number of Syrians joining Islamic State, says UN
Peshmerga Suffering Losses against ISIS
US, Iranian Drones Crowd Iraqi Air Space
Coastal tanker hijackings continue
Nigeria: Sea Pirates Engage JTF in Gun Duel
Berlin points finger at NATO for June ATC blackouts
The German government has indicated that NATO electronic warfare (EW) training exercises were responsible for civilian ATC radar display blackouts in central Europe on 5 June and 10 June 2014.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Fast food workers vow civil disobedience
Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
I've worked at McDonald's for 10 years and still make $7.35 an hour
Jews Stage Massive Anti-War Protests In Tel Aviv, New York and Elsewhere

## Energy/resources ##
Nuclear renaissance: Promises of easier nuclear construction fall short
Iraqi Kurdish oil nears Texas port for likely offloading
PetroChina trying to trim $1.23-billion payment to Athabasca: source
PetroChina, the Chinese oil giant rocked by a corruption scandal that has spread to its Canadian unit, is trying to reduce a $1.23-billion payment to Calgary-based Athabasca Oil Corp. for oil sands properties it believes are of poorer than expected quality, a source close to PetroChina said Friday.

## Got food? ##
UN Bodies Sound Alarm on Looming Famine
Birth Of 100-Millionth Person In Philippines Greeted With Joy, Concern

## Lifestyle Solutions ##
Wave of the future: Multigenerational Households Make Sense
Our Peach Pie Workshop
In my view, the only meaningful response is to take control of as much of your life as you can and opt out of destructive systems as much as possible.

## Environment/health ##
Oil drilling in North Dakota raises concerns about radioactive waste
West Africa's Ebola Outbreak Is Spiraling Out of Control
Nigeria Fears Man Carried Ebola on Jet
Nigeria death shows Ebola can spread by air travel
Ebola now taking toll on doctors
California wildfire spurs evacuation of 700 homes
'Kissing bug' disease prompts growing concern in U.S.

## Intelligence/propaganda/security/internet/cyberwar ##
Washington And Media Russia Bashing Is Riddled With Lies, Hysteria And Humbug
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
Electronic aura could be answer to lost passwords
Anti-Surveillance Camouflage for Your Face
In a world of increasingly sophisticated facial-recognition technology, a drastic technique can throw the machines off your trail.
JFK airport security flunks kayaker test
Man seeks video of 1995 Oklahoma City bombing

## Systemic breakdown/collapse/unsustainability ##
Post-peak Rome: the lake that defeated concrete
Nissan Expands Recall Over Explosive Air Bags
Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry.

## Japan ##
Japan Exports and Trade Balance vs. the Yen; Abenomics in Review
Despite the widely touted success of Abenomics, a few charts will prove success is all hype and no reality.
Ten people die, 1,400 rushed to hospital amid heat wave
Hokkaido Electric seeks approval for second hike in energy rates
Residents near Sendai N-plant get iodine preparations

## China ##
End of China's property purchase restrictions looms
Facing a decline in the property market, Beijing's policy to restrict home purchases in order to beat speculation driving up prices may be nearing its end. More than half of the 46 cities which adopted controls on the purchase of residential properties  have abolished or relaxed the restrictions, and the central government has acquiesced.
China Adds East China Sea Drills to Spate of Military Exercises
China Cements Eurasian Trade Routes With Great Silk Road Revival: The Infographic

## UK ##
Anger grows over Jurassic Coast wind farm plans

## US ##
America's Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003
Does it feel like you're poorer? There is a simple reason why – you are! According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline… Welcome to America's Lost Decade.
American-Grown Gangs Fuel Immigration Crisis From Central America
By the Numbers: US Poverty
Study: Colorado River Basin drying up faster than previously thought
California Tries to Measure Water Use as Drought Worsens
West's water worries rise as Lake Mead falls
Beneath The Tepid Housing Recovery: Pre-Crisis Rot Re-Emerging
The New York Times calls on US to legalize marijuana
Driving our way into poverty: Subprime auto debt continues to expand while domestic auto production remains weak.
More grandparents raising their grandkids
Another nail in the coffin of the nuclear family. -- RF
Detroit not alone in shutting off water for unpaid bills
9/11 death toll rises as cancer cases soar among emergency workers
Malibu beach wars: app revealing public access to beaches infuriates wealthy homeowners
Baghdad threatens to sue as Kurdish oil tanker nears Texas

And finally...
Too hot during the blackout? Cool down with an electric fan, veteran newscaster suggests (Japan)
Duh! -- RF


Friday, July 25, 2014

 

News Links, July 25-26, 2014

## Global Ponzi meltdown/House of Cards ##
Spanish Graduates Stuck Without Stable Jobs to Pay Rent
Carlos Slim says three-day work week should be standard. Could it work?
Work until you're 75, 11 hours a day. Sounds great! -- RF
Shorting Junk Loans Just Got Easier as New Derivatives Unveiled
Banks are again resorting to derivatives to make it easier to place bullish and bearish bets amid a credit boom, allowing traders to amplify their profits or losses on debt rated below investment grade.
Go for it! -- RF
85 wealthiest are richer than poorest 3.5 billion
France Unemployment New High, Output Down 15th Month; Prices Drop 27th Month; Activity Up in Peripheral Europe; Outlook for Germany
Eurozone economy dead in the water, with crisis expected to carry on 'a long time'
Customers panic as FBME Cyprus under central bank resolution
The privately-held bank issued a statement saying it would cooperate with the Cypriot regulator, but said that it is "shocked by the content of the US Department of the Treasury notice relating to the bank, dated 15 July, that sets out unexplained allegations of weak AML controls."
The bank added in the statement that it had no prior notification of this announcement nor did have the opportunity to comment on or refute the various allegations set out in it.
Leaked Trade Deal Chapter Reveals Corporate-Friendly Subversion of Public Health, Food Safety
Ex-Goldman Trader's Bitcoin Exchange to Fill Mt. Gox Void
No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods
Historic Junction for Industrial-Scale Sail Transport

## Airline Death Spiral ##
European carriers suspend more Tel Aviv flights
German airlines cancel more Tel Aviv flights
Air Canada lands safely in Tel Aviv after go-around for rockets
Bombardier to cut 1,800 jobs, aerospace head retires
JetBlue is stealing legroom from coach to give to its new business class

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Coming Storm In The Middle East
Holy Land Deserted of Tourists as Fighting Empties Hotels 
Israeli border towns empty, adjust to new threats
As Rockets Fly, Israeli Programmers Code in Bomb Shelters
Israeli Cabinet Unanimously Rejects Gaza Ceasefire
Israel, Hamas to observe 12-hour unilateral cease-fire in Gaza
Iraq: 60 dead in attack on prisoner convoy
Russia delivering weapons to Iraq: report
EU edges to economic sanctions on Russia but narrows scope
Islamic State presses Syria offensive, targets two key government garrisons
Islamic State uses high grade captured weapons to fight Assad troops in Syria
Ukraine Coalition Government Collapses as 2 Parties Quit 
The Piece Fits; Debunking Revisited
US Invents Reports of Russia Attacking Ukraine Bases
The NSA's New Partner in Spying: Saudi Arabia's Brutal State Police
Central American Presidents Say U.S. Shares Responsibility For Migration Crisis
Liberal party looks to legalize medical marijuana in Colombia
Naval ships from U.S., India and Japan to start war games
France Sends Soldiers To Guard Air Algerie Wreckage In Mali
US Doubles Down on Foreign Military Sales

## Energy/resources ##
'New Gold Rush' for Riches Takes Aim at Deep Ocean
The costs will not be only environmental. As with oil, deep-sea extraction will prove to be expensive. -- RF 
Mineral depletion: the trouble with gold
Power projects worth Rs 36,000 crore stranded on coal shortage
NAS Fukushima report: Accidents will happen
Iraqi Oil In Context: 60% Of OPEC Growth Expectations
For Californians, higher costs dampen support for clean energy
California's future energy pipe dream
Wind turbine payback period claimed to be within 8 months
In addition to the problem observed here, there is the matter of energy fungibility. A wind turbine is a monumental pile of metal that requires a lot of coal and oil to build and install. Even if a wind turbine produces a huge amount of surplus energy, that is electricity, and the turbine can't reproduce itself. That's why renewables are "fossil fuel extenders." Twenty years from now, when the current crop of turbines is grinding to a halt, will coal and oil still be affordable and available enough to build and install a new crop? -- RF
German Utilities Bail Out Electric Grid at Wind's Mercy
Germany's push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country's electricity grid.
Statoil to cut more than 1,000 jobs
Company's output down 9 percent year-on-year.
Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine
Australia: record coal exports "eating up port capacity"

## Got food? ##
U.S. Midwestern farmers fighting explosion of 'superweeds'
Ultimately the farming population will have to be substantially increased. In other words, we need boots on the ground and hands to yank the weeds. That's the way it's always been done, and that's the way it always will be done. The use of machinery and chemicals is but a short aberration when seen from the past and future of farming. -- RF
U.S. Pork Producers Keep Using Drug Banned or Restricted in 160 Countries
Rat poison found in imported frozen fish
A seafood importer in western Japan is recalling frozen fish from Vietnam after finding that packages of the product contained rat poison.
Tyson Foods to shut 3 factories, cut 950 jobs
Russia: McDonald's food has 'too many calories'
California Water Prices Soar for Farmers as Drought Grows
Farmers in California's Central Valley, the world's most productive agricultural region, are paying as much as 10 times more for water than they did before the state's record drought cut supply.

## Environment/health ##
Beijing shuts big coal-fired power plant to ease smog
Sweden's nuclear plants forced to cut output due to warm weather
Ironically, everyone expected to have more electricity to power their air conditioners in hot weather. -- RF
CDC Head: Age of Antibiotic Resistance Is Nigh
Deadly 'superbug' is spreading in US hospitals
Cases of the contagious and deadly "superbug" known as CRE increased five-fold in community hospitals from 2008 to 2012 in the Southeastern U.S., according to a new study.
Western US water crisis worse than thought
Study: Earth in the midst of sixth mass extinction
Nigeria confirms Liberian man died of Ebola in Lagos
Neonic insecticides widespread in Iowa waters -study
Groundwater levels drop in Southwestern U.S. in ongoing drought
Creepy crawlies decline as human population soars
The number of slugs, spiders, butterflies, worms and other invertabrates has fallen by 45 per cent in 35 years in a decline whcih could have huge implications for humans
Colombia launches emergency plan to combat El Nino drought
Colombia has launched an emergency plan to combat the impact of the El Nino weather phenomenon, which has led to drought in several regions of the Andean nation, causing the death of livestock and damage to crops.
Kudzu That Ate U.S. South Heads North as Climate Changes
WWF: Arctic Oil Well Blowout Could Spread More Than 1,000 Km

## Intelligence/propaganda/security/internet/cyberwar ##
European Central Bank in database security breach
Nigerian 419 Email Scammers Shift to Malware and Hacking
The "Insider Threat Program" and the Government's War on Whistleblowers
'To Protect the Press,' Spain Tries to Muffle the Internet
Australian IT industry faces impending skills shortage
Britain faces increasing digital skills shortage, says taskforce report
Typewriter manufacturers see boom in sales (Germany)
Canvas Fingerprinting Is More Invasive Than Cookies. But Should You Worry About It?
Everyone seems to have forgotten the time the U.S. shot down a passenger jet, killing 290, and then tried to cover it up
This is how you invent a person online
Missouri to Vote on Adding Phone, Email Privacy to State Constitution
Germany begins spying on Britain and America for the first time since 1945

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part III: Our Political Order Is Defined by Favoritism and Extortion
Auditors Say NASA Doesn't Have the Money for Big Rockets
Long-time readers will recall that I've predicted declining fortunes for space programs. -- RF
Greek quadriplegic woman on life support 'dies due to unpaid power bills'
Social Security's $300M IT project doesn't work
Glitch crashes global US passport, visa operations
Hip And Knife-Proof? The Latest Threads At Colombia Fashion Show
Fashionable and practical - two words that could describe a line of men's clothes recently shown at Medellín, Colombia's Colombiamoda 2014 international fashion show. A line of anti-ballistic clothing — hoodies, t-shirts and polo shirts —also offers varying levels of above-the-waist protection from knife and blade cuts, bullets and abrasion, like falling from a motorcycle.
Are We Addicted to Failure?
Like all addicts, Central Planners are confident they can manage the monkey on their back. But this is a self-serving illusion.
Mazda recalls U.S. cars with faulty Takata air bags

## Japan ##
The Flame-Out Of Abenomics, in One Crucial Chart
Pity The Japanese: They've Been Turned Into Keynesian Lab Rats
Attempt by China to buy Japanese islands scuppered: Sankei Shimbun
Japan's Export-Champ Days Are Left Behind, Chart Shows
Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar
Japan's secrecy law seen as draconian
Fukushima monkeys show possible effects of radiation, study suggests
McDonald's Japan stops sourcing all chicken from China
Japan walking 'tightrope' on public debt as yields set to rise: Amari
Japanese government to make fuel-cell cars the official vehicle for all ministries
Japan eyes opening 3 casinos by 2020
Abe arrives in Mexico on first leg of Latin America, Caribbean visit

## China ##
China to roll out seven pilot markets for trading water rights
China to create intellectual property courts
I can hear a lot of applause here. Hooray, the Chinese are getting serious about protecting intellectual property rights, etc. Maybe so. But this is exactly what brings the whole system down. Because problems are continually arising, governments perforce keep creating new offices and departments and ministries and institutions to deal with them. But even if a solution of sorts results, any newly created entity requires energy (i.e., a budget), and thereby becomes yet another burden that must be maintained. Governments in this way become increasingly bloated and complex, and that bloat and complexity act as a major force that induces dysfunction and, ultimately, systemic collapse. Have a nice day! -- RF
Whose Oil Will Quench China's Thirst?
Keynesian Ditch Diggers At Work: China's Construction Orgy Has Planted Malinvestments Everywhere
Overgrown Beijing slaps new limits on industry in bid to cut smog

## UK ##
More universities to charge maximum tuition fees of £9,000
NHS patients at risk of getting mad cow disease during surgery
Hundreds die each year in NHS due to faulty machines: report
Scotland Yard refuses to name 17 groups it spied on
Ryanair-style nurseries are charging extra for food and nappies, report warns
Nurseries are becoming like "budget airlines" forcing parents to pay for "optional" extras such as food and activities for their children, a survey of hundreds of childcare providers has found.
Poor doors: the segregation of London's inner-city flat dwellers
Multimillion pound housing developments in London are segregating less well-off tenants from wealthy homebuyers by forcing them to use separate entrances.

## US ##
US Manufacturing PMI Drops, Biggest Miss On Record
Obama Declares Emergency As Huge Fires Burn In Washington State
Canadians decry shutoffs, plan water convoy to Detroit
What Drives Miami's Condo Bubble 2? Foreign Buyers
What Will Fed Do When The Overheated Sectors Carrying US Economy Start Cooling?
Car thieves with good taste are targeting luxury vehicles
Federal officials say hundreds of thousands of high-end vehicles are smuggled overseas everywhere by car theft rings.
Illinois workforce shrinks by largest margin in state history
Barbaric: Arizona inmate takes nearly two hours to die in botched execution
New Home Sales Collapse 20% From May To Dec 2012 Levels; Biggest Miss In A Year
Groundwater levels drop in Southwestern U.S. in ongoing drought
Detroit Isn't Fixed: The City's Pensioners Just Pulled Another Heist
When does college become too expensive? Tuition growth continues to outpace income growth and the student debt bubble continues to expand with the vast majority of debt going to the young.
Record Student-Loan Debt Prompts Treasury Push to Stem Defaults
The U.S. Treasury, which finances more than 90 percent of new student loans, is exploring ways to make repayment more affordable as defaults by almost 7 million Americans and other strapped borrowers restrain economic growth.
Resolution Against New Iraq War Passes House in Landslide
ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare
As Political Disenchantment Soars, Lines At The Polls Grow Shorter
Obama Shenanigans on 'Factoryless' Exports, Taxes, Employment, Jobs
Wal-Mart's New U.S. Chief Faces Empty Shelves, Grumpy Shoppers
Shares Of A Major US Trucker Are Crashing After Management Says It Can't Find Drivers For Its Trucks

And finally...
Female postal worker allegedly 'goes postal' at NYC hair salon because of slow service


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