Saturday, January 24, 2015


News Links, January 25, 2015

## Global Ponzi meltdown/House of Cards ##
This Is The Beginning Of The End For The Euro
"World Running Out of Positive-Yield Bonds"
World Bank warns of 'extremely rare' decline in all 9 commodity sectors this year
Evaporating inflation and growth put pressure on central banks
Troika Punches Panic Button on Greece and Spain
The Davos oligarchs are right to fear the world they've made
Vancouver's housing market ranked second most unaffordable in the world
Trans-Pacific Partnership Deal Isn't Secret, Says US Official, But Access To Text Is Highly Restricted
South Korean economic growth slows
South Korea's fourth-quarter growth slowed to its weakest pace in more than two years, as investment dwindles despite two interest rate cuts last year.
A Ruthless Tyrant Dies in the Desert and Western Leaders Trample Over Each Other to Sing His Praises
What Does the Bank of Canada Know That We Don't?
In a totally unexpected move, the Bank of Canada cut the overnight interest rate by 25 basis points on Wednesday. This of course makes me wonder what the Bank of Canada knows that the rest of us don't! I mean usually the Bank indicates a bias towards cutting interest rates, but this was just out of the blue. It signals that the oil shock on the economy is going to be a lot more significant than anyone expected.
17,600 Laid-Off Canadian Target Workers Stunned At Ex-CEO's "Walk-Away" Package
If oil drops below $30 a barrel, brace for a global recession

## Airline Death Spiral ##
SkyMall files for bankruptcy
Mechanics union sues American Airlines over breach of FAA rules
The lawsuit accuses American Airlines managers of pressuring mechanics to breach federally-mandated safety measures in order to keep airport schedules running on time.
U.S. airliners land in Atlanta after bomb threats
10 things the TSA won't tell you

## Fault lines/flashpoints/powder kegs/military/war drums ##
Attack on Mariupol Begins; 7,000-8,000 Ukrainian Forces Nearly Encircled in Northern Cauldron; US Sends Army Trainers
Some counter-terrorism efforts in Yemen frozen for now - U.S. officials
Netanyahu Side-Steps White House in Bid to Sabatoge Iran Talks
It's downhill for US after Saudi king dies: Experts
Boko Haram Violence Is Causing Massive, Silent Displacement As Regional Forces Fail To Stop Militants
Mapping The World's Greatest Risks (According To Davos)
Did 'rogue agents' lead to death of Argentine prosecutor?
US Terror Operations in Yemen 'Paralyzed' by Rebel Takeover

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds join 'Je suis Muslim' rally in Sydney
Thousands Of Palestinians Protest Charlie Hebdo Muhammad Cartoon
Protest on campaign spending disrupts Supreme Court
Police Fire Tear Gas, Rubber Bullets At Sao Paulo Protesters Opposing Hike In Transportation Fares
Thousands stage anti-Houthi protests across Yemen

## Energy/resources ##
Libya oil production plummets as tribes fight to control field in south
Oil Dinosaurs Face Extinction: State Oil Companies and the Meteor-Strike of Low Oil Prices
State-owned oil companies that don't slash expenses to align with revenues and boost critical investment in the infrastructure needed to maintain production will suffer financial extinction.
Oil Drilling Cut Fastest Since Stock Market Crash
The decimation of drilling activity in the US oil patch is getting serious. The number of rigs drilling for oil dropped by another 49 rigs to 1,317 in the latest week, after having dropped by 55 and 61 rigs respectively in the prior two weeks. The rig count is now down 18.1% from the second week of October 2014, when 1,609 rigs were drilling for oil.
US oil producers can't keep drilling at $45 oil: Pickens
U.S. oil rigs at two-year low this week
Drought Forcing Brazil To Turn To Gas
Russia May Be Forced Into Production Cuts Says Deputy PM
With Oil Prices Stubbornly Low, France's Total Will Cut Costs, But Not Jobs
Brazilian Government Admits Need for Energy Rationing if Reservoirs Reach 10% Mark
Dry spell ahead may see water rationing for Singapore
Illinois misses the fracking boom because of falling oil prices

## Infrastructure scavenging ##
Verizon posts WANTED poster for copper rustlers

## Got food? ##
We're not lovin' it: McDonald's most notorious scandals
KFC Japan runs out of fries, halts sales

## Environment/health ##
Senator 'Astounded' That Nonprofit Hospitals Sue Poorest Patients
Mass Death of Seabirds in Western U.S. Is 'Unprecedented'
"Dire" needs of southern African flood survivors unmet two weeks on - TRFN
Pelicans Fall Victim To Throat-Slashing Attacks In Florida, Leaving Them To Starve To Death
The Great Barrier Reef could lose 90% of its coral
Australia bans waste dumping on Great Barrier Reef
Disneyland measles outbreak spreads
'The mysterious and majestic blue hue' emanating from Hong Kong seas is cause for concern, scientists say

## Intelligence/propaganda/security/internet/cyberwar ##
Saudi Arabia's Tyrant King Misremembered as Man of Peace
'Nauseating' Praise for Dead Saudi King Exposes Hypocrisy of West, Say Critics
Congo extends internet blackout

## Systemic breakdown/collapse/unsustainability ##
Into thin air: Boston pipes leak $90 million in fuel yearly - study
Boston's aging pipeline network leaks about $90 million worth of natural gas each year, marking a sizeable financial loss and a threat to the environment, according to a study released on Thursday by Harvard researchers.
These are the world's deadliest cities
Oil Drillers 'Going to Die' in 2Q on Crude Price Swoon
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
The 8 Major Geopolitical Catalysts Of 2015
Volkswagen to recall 80,000 Audis; 35,000 in China
Kia Motors recalls nearly 87,000 Forte sedans in U.S. due to fire risk
Despite Slowed Growth, China Still Built Far More Skyscrapers Than Any Other Country In 2014
So Far, 2015 Is Pure Dystopia

## Japan ##
Islamic State demands release of woman held in Jordan for life of Japanese hostage
KFC Japan runs out of french fries due to U.S. industrial dispute
Flu epidemic alert issued for all 47 prefectures
Shortage of pilots felt as 'doctor copters' take off
TEPCO to rely on cosmic beams to glimpse melted fuel inside Fukushima reactors
Tepco, Chubu expected to buy 6 LNG cargoes from Vitol, GDF Suez -traders

## China ##
China January factory growth stalls, deflation pressures build, bad debt rises
Are Muslim Uighurs fleeing China to join the Islamic State?
China Manufacturing Flat-Lining In Slight Contraction

## UK ##
Overcrowded hospitals 'killed 500' last year, claims top A&E doctor
Ministers warned that the NHS is facing 'a disaster' of ever-busier accident and emergency departments and bed-blocking
Dairy farmers warned: milk prices have further to fall
End of EU quota system could lead to desperate farmers adding to the milk glut and hundreds opting to leave the industry
Fulham 'swathed in scented candles' as people joke about massive power cut

## US ##
How Low Oil Prices Are Turning U.S. Into Another Russia
This Chart Shows Why the Oil Bust Will Last
'Not Mayberry anymore': Oil patch cops scramble to keep up
Profits of doom: For-profit colleges are the resurrection of subprime mortgage lenders for the college industry.
Dallas police seek smash-and-grab ATM thieves

Thursday, January 22, 2015


News Links, January 23, 2015

## Global Ponzi meltdown/House of Cards ##
A Billionaire Lectures Serfs in Davos – Claims "America's Lifestyle Expectations are Far Too High"
Central bank prophet fears QE warfare Pushing World Financial System out of Control
India revives sell-off drive in race to hit deficit target
Why Falling Prices Are Actually a Really Bad Thing
Bank of Canada in shock rate cut amid oil slump
Canada hit hard by falling oil prices
With Bank of Canada rate cut, sub-2% mortgages are coming to a bank near you
Canadian dollar falls fast and furious: 'The race to the bottom continues'
Canadian Recession Coming Up: Yield Curve Inverts Following Unexpected Rate Cut; Loonie at Six-Year Low
Report: Unemployment to continue to rise over the next 5 years
Unemployment will continue to rise in the coming years globally, warns a new report by the International Labour Organisation (ILO).
Malaysia Slashes 2015 Budget, Cuts Growth Forecast
ECB unleashes its most aggressive effort to revive economy
SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks
Greece Bank Withdrawals Reached €4.2 Billion in 3 Days
Revised Greek Default Scenario: Liabilities Shifted to German and French Taxpayers; Bluff of the Day Revisited
In shortages-hit Venezuela, lining up becomes a profession
Ski resorts in Switzerland cut prices by 20pc
Central Bank Impotence: ECB as Impotent as Obama
McKinsey: Business needs to deal with youth unemployment

## Cut, Baby, Cut! ##
Ebay Inc cuts 2,400 jobs as it considers sale or IPO of enterprise unit
AmEx to Cut More Than 4,000 Jobs This Year After Unit Sale
Total Announced North American Job Cuts In 2015 Just Topped 32,000
UK hit by more oil job cuts as Talisman lays off staff
BNP Paribas CIB eyes job cuts -Les Echos
Dreamworks cutting 500 jobs in restructuring
2014 Tech Job Cuts Hit Highest Level Since 2009 -- Challenger

## Airline Death Spiral ##
Airline merger mania over? Not so, says industry veteran
Southwest Airlines passenger, clobbered by large bag falling from overhead bin, sues for $49,000
Ridiculous Delays Are Making Airline Passengers Do Crazy Things
United Airlines cancels twice-daily flights to Denver from Saskatchewan
United Airlines 4Q profit drops 80 percent on write-downs
United Airlines' fourth-quarter profit fell 80 percent due to severance costs and contracts that lost value as oil prices tumbled.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudi Arabia's King Abdullah dies at 90
Russia Ends Nuke Cooperation With US, Endangers Global Terrorism Fight
Russia set to continue nuclear energy security cooperation with US
Russia is not giving up nuclear energy security cooperation with the United States, the Russian civilian nuclear energy corporation Rosatom said on Thursday.
Report: Israel didn't know Iranian general was in bombed convoy
Mossad Splits With Netanyahu, Warns Against Iran Sanctions
ISIS Gaining Strength, Warns Iraqi VP Ayad Allawi
Yemeni government resigns amid Houthi militia siege
US should deploy troops to Baltics: Brzezinski
The United States and its allies should deploy troops to Baltic states to deter Russia from staging a possible incursion in those countries, former presidential national security adviser, Zbigniew Brzezinski, told lawmakers Wednesday.
Nisman's Suspicious Death Is Tearing Argentina Apart
Oil Drillers 'Going to Die' in 2Q on Crude Price Swoon
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs
Oil Majors Seek To Claw Back Costs From Service Firms
Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house, after losing hundreds of billions on cost overruns in the last five years.
The company in question is Shell--which recent filings suggest is close to a deal to divest long-time holdings in one of its key oil-producing regions. Offshore Brazil.
Why the Great American Oil Bust Will Be Long & Painful
Layoff announcements have been ricocheting around the oil and gas sector, fleshed out with individual stories that percolate up to me. The entire sector is cutting operating costs and capital expenditures as fast as they can crunch the numbers. Revenues are plunging largely in sync with the collapsing prices of oil and natural gas.

## Intelligence/propaganda/security/internet/cyberwar ## Sends Personal Data to Dozens of Tracking Websites

## Systemic breakdown/collapse/unsustainability ##
Japan's used car market has been shrinking since 1997. More drivers are holding onto their vehicles for longer periods.
Food stamp usage is still near record levels even in the face of a dropping unemployment rate.
Asset Ownership and Our System of Deepening Debt-Serfdom
The core dynamic of debt-serfdom is that debt-serfs must borrow money to buy essentials while the wealthy borrow to invest in productive assets. This is not merely a random result of free-market capitalism; it is the structure of cartel-capitalism in which highly profitable goods and services must be paid for with highly profitable debt.
Do We Want Solutions, Or Just What's Easy?
We are so brainwashed by centralized models of state authority that few can even imagine a system where the solution is not one centralized monstrosity ruled by a political/financial Aristocracy but a competing profusion of opt-in, transparent solutions.

And finally...

Tuesday, January 20, 2015


News Links, January 21, 2015

## Global Ponzi meltdown/House of Cards ##
Look Who's Dragging Down the Global Economy Though No One Is Allowed to Say it
IMF cuts global economic growth forecasts
Target Canada's 17,000 laid off workers face grim job prospects, labour experts say
Global economy squeezed by worsening slowdown in China
Baker Hughes to lay off 7,000 as oil patch layoffs mount
Bloomberg Editorial Board Loses Mind
For Amusement Only: IMF Growth Forecasts and Rationale
Forced Conscription: Ukraine to Mobilize 200,000 Armed Forces; Hyperinflation on the Way?
China posts slowest growth in 24 years
A Population Perspective on the Steady State Economy

## Airline Death Spiral ##
Runway incursions: JetBlue Aircraft and Caribbean Airlines Jet Nearly Collided
Air India embarks on cost-cutting to save $200m
Oil price fall gives lease of life to old planes
The slump in oil prices has given a new lease of life to passenger jets that until recently were destined for the scrap yard, aircraft financiers said on Monday.
Frontier Airlines to outsource 140 jobs at General Mitchell International Airport
Delta Air Lines posts loss after fuel hedging, upbeat on new year

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State group threatens to kill Japan hostages
PLO: Israeli-Palestinian Relations Have Reached 'Point Of No Return'
In Coup Attempt, Yemeni Houthi Rebels Take Over Palace, President Hadi's Location Still Unknown
Ukraine calls up 50,000 reservists after sharp escalation in hostilities
Australia raises terror alert to high for police
EU welcomes more active Japanese security role
Japan military expands participation in intl missions in Africa

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests held across nation on Martin Luther King Jr. Day (US)
New Wave of Protests from Electricity Consumers (Nigeria)

## Energy/resources ##
Brazil orders rolling blackouts as demand spikes in record heat
Failure and High Consumption Cause Blackout in 10 States and the Federal District (Brazil)
Badly located renewable power plants cost Europe $100 bln-Davos report
Halliburton, Baker Hughes to lay off thousands as oil slumps
More bad news is bad news for oil prices
Price Collapse Hits Scavengers Who Scrape the Bottom of Big Oil's Barrel
BLINKING RED LIGHT: Big Trouble Ahead For Bakken Oil Production
Small Oil Firms Hunt For Cash As Crude Slump Shuts IPO Door
Slumping oil prices are shutting the door to stock market listings for small oil and gas firms, forcing many to tap more costly forms of financing or to shelve projects and wait for better times.
Norway Moves Arctic Ice Edge North, Oil Firms On Alert
Norway invited firms on Tuesday to drill for oil and gas further inside the Arctic Circle, putting the government at loggerheads with opposition parties as it seeks to open up new fields at a time of declining production.
Another power tower blasted (Philippines)
Another steel transmission tower of the National Grid Corporation (NGCP) in Central Mindanao was toppled down Sunday night by a bomb explosion, causing hours of blackout again in Maguindanao, Cotabato City, and parts of North Cotabato.

## Got food? ##
Food diversity under siege from global warming, U.N. says
ISIS-Controlled Iraq Is Looking At A Wheat Shortage

## Environment/health ##
Ruptured Pipeline Pumps Tens of Thousands of Gallons of Shale Oil Along Yellowstone River
Drinking Water Trucked Into Montana City After Oil Spill
Backside Downside? Too Much Sitting Killing Us Slowly: Study
Yet Another State Admits Connection Between Fracking and Earthquakes
California's Forests: Where Have All the Big Trees Gone?
Cost of vaccines is becoming unaffordable in poor countries
Pharmaceutical companies are overcharging for vaccines, driving costs so prohibitively high and threatening international vaccination programs, according to a report from international aid organization Doctors Without Borders (Medicins Sans Frontieres).

## Intelligence/propaganda/security/internet/cyberwar ##
New police radars can 'see' inside homes
At least 50 U.S. law enforcement agencies quietly deployed radars that let them effectively see inside homes, with little notice to the courts or the public.
Pentagon says classified data on U.S. F-35 jet fighter program remains secure
L.A. Times Sues Pentagon for Info on Sputtering $40-Billion Missile System
Europe Mulls a Russian Language TV Channel to Counter Moscow Propaganda
And would it be anything but European propaganda? -- RF
The US Military's Stunning Conspiracy Theory Emerges From The Archives: "ISIS Leader Does Not Exist"

## Systemic breakdown/collapse/unsustainability ##
After Bridge Disaster, Sanders Calls for $1 Trillion to Address Infrastructure Collapse

## Japan ##
Fukushima worker dies after falling into water storage tank
Tokyo to spend ¥45 billion on hydrogen stations, subsidies ahead of Olympics
Waste of money. -- RF
Two workers die in accidents at Fukushima No. 1 and No. 2 plants
Facing severe caregiver shortage, government dedicates funds to promoting profession
2 workers die in accidents at Fukushima Daiichi, Daini plants
Japan says jets scrambling at record pace to counter Chinese, Russian intrusions
Japanese air force jets are scrambling at a record pace to counter Chinese fighters intruding into its air space along its southern flank and Russian bombers and spy planes probing its northern defenses, the Defense Ministry said on Tuesday.
Islamic State holds 2 Japanese, demands $200 million in ransom
Department store sales sluggish after tax hik

## China ##
China aims to expand non-dollar economic bloc through increased yuan transactions
With the world's biggest foreign currency reserves, close to $4 trillion, China is racing to create what can be called a "non-U.S. dollar economic bloc." If realized, the Chinese currency will be used for many more international settlements.
China May Allow Bond Trading Through Hong Kong-Shanghai Link
Hong Kong creates cadet force modeled partly on Chinese army
China facing aging challenges

## UK ##
Retail crime up 18% on the year as gangs target high-value items
Retailers highlight the rise in the use of specialist equipment such as de-taggers and foil-lined bags to avoid detection
Northern Ireland To Cut 20,000 Public-Sector Jobs: Minister
Cut, baby, cut! -- RF
Terror suspects and criminals to be stripped of human rights
The draft bill, to replace the Human Rights Act, would allow British judges to ignore the European Court of Human Rights
Bid to install 'gunfire detectors' in public buildings
U.K. may be out of natural gas by April

## US ##
How Do You Unmanipulate a Manipulated Economy?
Regardless of what slippery words are deployed to mask the manipulation, it doesn't change the reality that the U.S. economy remains a manipulated mess that is dependent on monetary and statistical manipulation.
CIA Torture Whistleblower Wants to Know: 'Where's the Prosecution?'
Gotta Keep Dancing – Honda Executive Laments "Stupid" Auto Loans Driving U.S. Sales Higher
What 4th Amendment? Police Across the U.S. Are Using Radars to See Inside People's Homes
Downgrading The US Will Cost S&P $1.5 Billion
60 U.S. malls on life support
California Pharmacies Rationing Prescription Strength Cough Syrup In Busy Flu Season

And finally...
Japan to sell talking robots that won't try to make sense

Monday, January 19, 2015


News Links, January 20, 2015

## Global Ponzi meltdown/House of Cards ##
Credit Suisse to charge large companies for franc deposits
"De-Dollarization" Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries
Half global wealth held by the 1%
Death Of Free Markets As Deflation Engulfs The World
Fears of Capital Controls, Savings Confiscation Trigger Bank Runs in Greece
China seen posting weakest annual growth in 24 years, will spur more stimulus
Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve
Denmark Announces Currency Peg is "Secure"; 12 Denials in 1 Day; Deposit Rate Cut to -0.20%; More Rate Cuts Coming?
ECB May Deliver $635 Billion to Steer Euro Away From Deflation
Futulity of Draghi's Upcoming QE
Quote Of The Day: "Venezuela Must Deepen Socialism To Improve Economy" - Maduro
And we must deepen Keynesian Kapitalism to save the world! -- RF
Egyptian cotton hangs by thread after state subsidy axed
Oil slump slashes Saudi Basic Industries
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 29 per cent plunge in fourth-quarter net income on Sunday, widely missing analysts' forecasts because of the tumble of global oil prices.
Europe Gets Cold Feet on "TTIP," Americans Should Too, But Obama Needs it for his Legacy
Who Benefits When Bubbles Burst?
Argentine Prosecutor Found Dead Hours Before Testimony Against President Fernandez
Euro-zone inflation -0.2% in December; Portugal's among most negative

## Airline Death Spiral ##
Air India flight delayed after cockpit punch-up
AirAsia crash highlights perils of region's crowded skies
Exclusive low-cost carrier terminal to open at Narita in April

## Fault lines/flashpoints/powder kegs/military/war drums ##
Suicide car bombing at Nigeria bus station kills four, wounds 35
Boko Haram kidnaps at least 60 people in Cameroon
African armies cannot defeat Boko Haram terror, experts warn
Israel lobbies foreign powers to cut ICC funding
Ukraine claims it has cleared pro-Russian rebels from most of Donetsk airport
Pro-Russians Renew Attack on Airport as Ukraine Fight Intensifies
Graves Waiting For Bodies: Major War Escalation in Ukraine; In 5 Weeks Ukraine Out of Money
U.S., South Korea forming combined army division
Upheaval in Yemen Continues as Deadly Clashes Break Out in Capital
Canadian Special Forces Confront ISIS In First Ground Battle Between Western Troops And Militant Group
New defense information exchange to operate via Washington
Japan is expected to more effectively address North Korean military threats via a new information sharing framework with South Korea and the U.S. established at the end of 2014.
Japan to reinforce SDF anti-piracy base in Djibouti for broader Middle East responses
Islamic State Has Tripled Its Territory In Syria Since U.S. Started Airstrikes
Israel Kills Iranian General in Syria Attack

## Global unrest/mob rule/angry people/torches and pitchforks ##
Volatility of Charlie Hebdo Cover on Display as Protests Erupt in Numerous Countries
Palestinian Protesters Hurl Eggs at Canada's John Baird in Ramallah
Palestinian protesters heckled and threw eggs at Canadian Foreign Minister John Baird during a visit to the West Bank on Sunday, denouncing Ottawa's diplomatic support for Israel.
The Return of the Protest Song
No respite in Bangladesh violence over polls as death toll rises to 27
Kenyan Police Tear-Gas School Kids In Protest Over Playground, Activists Say
Hundreds Of Thousands Protest In Chechnya Against Muhammad Cartoons
Oakland-area protests disrupt Sunday shoppers

## Energy/resources ##
This Week In Energy: Oil Majors Taking Ruthless Measures To Survive
These Two Charts Show the True Fiasco of US Oil & Gas
Malaysia Is Asia's 'Undisputed Loser' From Oil and Fiscal Cuts Are Looming
Jim Chanos: Days of drilling for cheap oil over
Jim Chanos, head of the world's largest short-selling hedge fund, told CNBC on Friday he's been short major oil companies for a couple years because the North American shale explosion has been "uneconomic for drillers."
U.S. Department of Energy: Our forecasts aren't really forecasts (or are they?)
Bakken Data Continues To Confound
One thing for sure is production growth has dramatically slowed in the last couple of months. I expect that slowdown to continue to get even slower.
Oil Industry Withdraws From High Cost Areas
The oil industry is pulling back from some marginal areas of operation, slashing jobs and spending, and retrenching in the face of the ongoing slump in oil markets. Signs of a shrinking footprint are beginning to pop up across the globe.
Global nuclear decommissioning cost seen underestimated, may spiral
Public may share costs of Germany's nuclear afterlife
It's just as I have said repeatedly: There will never be enough money for nuclear decommissioning. Get ready for a planetary-scale disaster. -- RF
Dumb and Dumber: U.S. Crude Oil Export
Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.
Hundreds of thousands left in the dark for hours in Brazil
Large-scale load shedding set to begin this week in South Africa
2,000MW cut increases shortfall to 7,000MW: Oil shortage may force closure of power plants (Pakistan)
Fury in Pakistan as petrol crisis brings roads to a halt

## Got food? ##
Warmer world threatens wheat shortages
Just one degree of global warming could cut wheat yields by 42 million tonnes worldwide, around 6% of the crop.
University Researchers Ask: Did the Waiter Spit in Your Soup?
Word of advice: Stop reading this if you are eating. Especially in a restaurant.

## Environment/health ##
Splinter Ebola Outbreaks Hinder Fight Against Virus: UN
West Africa's Ebola epidemic has morphed into several micro-outbreaks of varying intensity and with the potential to reignite more widespread contagion, a United Nations official said.
Disneyland measles outbreak continues to spread
Measles Outbreak Spreads in California, Other States
Farms can be held liable for pollution from manure: U.S. court
A U.S. federal court has ruled for the first time that manure from livestock facilities can be regulated as solid waste, a decision hailed by environmentalists as opening the door to potential legal challenges against facilities across the country.
A Seneca cliff in the making: African elephants on the brink of extinction
Mass Die-Offs of Birds and Fish Increasing In Frequency and Magnitude: Study
More rains, more deaths as floods across southern Africa set to worsen -TRFN
Pope Francis: Catholics don't have to breed 'like rabbits'

## Intelligence/propaganda/security/internet/cyberwar ##
The FBI's Most Pathetic Sting Yet: Snares "Mommy's Boy" With Cat
The Digital Arms Race: NSA Preps America for Future Battle
New study has implications for criminal interrogation
Innocent adults can be manipulated to believe, over the course of a few hours, that they had committed heinous crimes in their teenage years, says a study.
All Verizon Customer Emails Were Opened Up To Hackers Thanks To Glaring Bug
Press Rebellion in the UK – British Media Launches Protest Against Spying, as GCHQ Places Investigative Journalism in Same Category as Terrorism
Microsoft Outlook Hacked in China After Gmail Blocked: Report
A Former FBI Special Agent Says The CIA Kept Him From Helping To Stop 9/11
Apple Is Considering Storing Your Fingerprints In iCloud

## Systemic breakdown/collapse/unsustainability ##
Peak literature: the decline of the novel
Why the modern world is bad for your brain
In an era of email, text messages, Facebook and Twitter, we're all required to do several things at once. But this constant multitasking is taking its toll. Here neuroscientist Daniel J Levitin explains how our addiction to technology is making us less efficient.
Schools on Calif. military bases struggle with maintenance
"We need new stuff," sixth-grader Damian Rattler said recently while sitting in a chair held together with duct tape.

## Japan ##
Japan seeking early warning aicraft, UAS systems
BOJ faces crunch time as oil slump threatens inflation target
BOJ puts Japan bond yields on road to nowhere
Only 6% say 'Abenomics' policies have benefited rural regions: survey
OECD Calls for Japanese Labor 'Flexicurity'
U.S. nuclear cleanup specialist goes from Hanford to Fukushima
Japanese companies doing more firing than hiring: OECD report
Saga culls 73,000 chickens after bird flu found
TEPCO racing against time to process 280,000 tons of tainted water at Fukushima plant

## China ##
Two Uighurs reported killed in latest China border incident
Chinese police shot and killed two members of the Uighur minority group late Sunday as they attempted to cross the border illegally into Vietnam and assaulted Chinese border guards who tried to stop them, state media reported  Monday.
China Cities Signal Property Crash By Halting Apartment Sales
Without explanation, authorities in two Chinese cities have refused to issue approvals for transfers of apartments built by selected developers, including troubled Kaisa Group.
China's shipyards brace for leaner times as oil slump sours rig building spree
China Dream Ends for Handan as Steel Slump Spurs Property Losses
New HIV/AIDS Infections Surged 15% in China in 2014
China calls Snowden's stealth jet hack accusations 'groundless'
Will China be the next forex peg to break?

## UK ##
Incomes below the living wage for two out of five families
How fuel poverty is impacting low-income families
The study by Turn2us highlights the drastic measures families are taking to pay their energy bills, with 66% of people in the North East cutting back on food - and 88% of people saying that cutting back on energy has negatively affected the health of their children.
Tips for making sure elderly neighbours stay warm during the cold snap
There are an estimated 25,000 excess winter deaths each year.
Mortuaries overflowing as freezing weather causes rise in deaths
Earlier this month Age UK warned one older person could die every seven minutes from the cold this winter
Engineering Shortage a Threat to UK Military Aviation Safety
GCHQ captured emails of journalists from top international media
David Cameron admits nearly 500,000 foreigners have joined British workforce since 2010

## US ##
Shots Fired Near Vice President Joe Biden's Home In Delaware
Highlights of Obama plan to tax wealthy
Middle class decline looms over final years of Obama presidency
This was going to happen no matter who is president. -- RF
Alaska faces lean budget times as oil prices plunge
A College Degree Alone Won't Save You From Being Replaced by a Machine
No Inflation Unless You Eat Food, Use Water, Live In A House Or Apartment, Heat Your Home, Get Sick, Travel, Pay Car Insurance, Go To School, Mail Letters, Or Do Your Taxes
27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama
But to be fair, let's keep in mind that the middle class is doomed no matter who is president. -- RF
Bleak future for retirees as savings slashed
The Higher Education Bubble Is Suffused With Administrative Bloat
Rents and housing prices unaffordable to middle class in Los Angeles
The typical LA renter needs to earn $33 an hour just to afford a basic apartment.

And finally...
When robots break the law: bot buys ecstasy pills and fake Hungarian passport online

Saturday, January 17, 2015


News Links, January 18, 2015

## Global Ponzi meltdown/House of Cards ##
Tanking oil prices make deflation a real threat
Schlumberger Limited (SLB) Q4 Profit Plunges 82%, Company To Slash 9K Jobs Due To Tumbling Oil Prices
FXCM gets $300 million bailout from Leucadia after Swiss franc shocker
Swiss franc shock shuts some FX brokers; regulators move in
Swiss Sovereign Yields Go NEGATIVE Up To 12 Years In Maturity!
Sony to close all 14 Canadian stores within 2 months
Run on Greek Banks Spreads; Four Banks Request Emergency Liquidity; €77 billion in Nonperforming Loans Another Reason to Get Out
BP job losses: Oil giant to brief 15,000 UK employees on staff cuts and 'restructuring' plans
Big Oil Companies Get Serious With Cost Cuts on Worst Slump Since 1986
Iran to set budget on $40/barrel price
Russia Abandons PetroDollar By Opening Reserve Fund
Russia's GDP Estimated To Contract By 5.5% In 2015, Impacting Armenia's Economy: Moody's
US-Built Police Buildings In Afghanistan Are 'Melting'
Rio Olympics Won't Help Brazil's Economy if the World Cup Is Any Guide
Euro zone ponders yet another Greek bailout
Greek central bank asks ECB to allow emergency bank lending line if needed
Calm Before The Storm: A Review Of Governments In Dire Straits
Russia Cut to Baa3 by Moody's on Oil as Junk Rating Looms
Intern Controversies Highlight South Korea's Youth Unemployment Woes

## Airline Death Spiral ##
Haneda Airport strengthens security in response to France terror attack
Frontier Airlines outsourcing more than 1,000 jobs at its Denver headquarters
US Steps Up Airport Security After Al Qaeda's 'Hidden Bomb' Recipe

## Fault lines/flashpoints/powder kegs/military/war drums ##
Suspected terrorist cells raided as Europe moves against threat
Chad to deploy troops to Cameroon to fight Boko Haram militants
Pentagon to deploy 400 troops to train Syrian rebels
Turkish military says MIT shipped weapons to al-Qaeda
Russia could soon run multiple Ukraine-sized operations: U.S. general
Fighting rages anew at Ukraine airport, three soldiers killed
The New Ukraine Is Run by Rogues, Sexpots, Warlords, Lunatics and Oligarchs
The Military-Industrial Complex in Iraq
UAE Offers Mirage Fighters to Iraq
Netanyahu blasts international court over preliminary probe of war crimes claims
Belgium Deploys 300 Troops After Islamist Terror Threats
Europe's 'Minority Report' Raids on Future Terrorists
Paul Craig Roberts – This New Crisis Is Worse Than Russia Unleashing Black Swans Against The West
Russia's Modest Proposal To Greece: "Exit Europe And We Will Lift The Food Import Ban"
Saudis said to review blogger's flogging case in Supreme Court

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests against police violence shut down S.F. BART stations (US)
Chained protesters block Oakland federal building (US)
Anti-base protests flare at Futenma relocation site as survey work gets under way (Japan)
Protesters, police clash at Sao Paulo bus fare demo
Sao Paulo protesters clashed with police Friday who used tear gas and sound bombs to disperse crowds, as thousands rallied against Brazil's latest round of bus fare hikes.
Bahrain Shiites March, Clash With Police Over Jailed Leader
Acute fuel shortage fires up masses' fury
Massive protests were held as various parts of the country including Azad Kashmir experienced acute scarcity of petrol, diesel and CNG for the third consecutive day on Friday following the failure of the Pakistan State Oil (PSO) in maintaining the supply of the commodity.
Venezuela's 'protest city' on edge as economic crisis worsens
Charlie Hebdo protests: Five dead as churches and French flags burn in Niger riots over cover

## Energy/resources ##
Kenya hit by widespread power blackout
South Africa braces for more power woes
U.S. Faces Wave of Premature Nuclear Retirements
The nuclear renaissance has turned into a nuclear retirement party.
Low Oil Prices Compounding Problems At Petrobras
Money Dries Up for Oil and Gas, Layoffs Spread, Write-Offs Start
Schlumberger latest casualty of oil price decline
Arabian Gulf headed for future of gas imports as consumption surges
A near doubling of gas demand in the Middle East and North Africa by 2035 could eat into exports and turn some countries in the region into net importers, the secretary general of the Doha-based Gas Exporting Countries Forum said yesterday.

## Infrastructure scavenging ##
Sercomtel sees cable theft more than double in 2014
Brazilian regional operator Sercomtel recorded 149 instances of telephone cable theft in 2014, which is an increase of 122 percent compared to 2013, when the company suffered 67 thefts.
Yes, you ARE paying more for food (US)

## Environment/health ##
France's Wavy Line on 'Free Speech'
Though called a "satirical" magazine, Charlie Hebdo was really more "scatological," obsessed with depicting the naked derrieres of political and religious figures often bent over in humiliating postures, especially Prophet Mohammed, a willful provocation that reflected more bigotry than free speech.

## Systemic breakdown/collapse/unsustainability ##
Where have our dreams gone? The death of Western literature
March of the Squirrels (The Archdruid Report)
The fact remains that in the absence of subsidies from fossil fuels, renewables won't support the absurdly extravagant energy consumption that props up what passes for an ordinary middle class lifestyle in the industrial world these days.
One example of how healthcare systems around the world are collapsing. -- RF
Experts: Japan Budget Boost Still Won't Meet Goals
While Japan's newly unveiled defense budget represents the third small hike in a row after decades of low spending, experts say such spending remains insufficient to fund Tokyo's plans for "dynamic defense forces."

## China ##
Macau Sex Ring Bust Shows China Expanding Crackdown on Graft
44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.

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