Sunday, November 29, 2015


News Links, November 30, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Debt load has many Canadians 'living on the edge,' with high housing prices largely to blame: report
French Unemployment Rises Most in Three Years to Record Level
Thanksgiving shopping at stores 'was a bust' (US)
'Classic Ponzi scheme': Sydney house prices cost 12 times the annual income
Taiwan Cuts Growth Forecast to Lowest Since 2009 on Export Slump
Europe's Banks Are Still Drowning In Bad Loans
BlackRock Spreads its Tentacles in Brussels
TTIP talks: EU alleged to have given ExxonMobil access to confidential strategies
International Monetary Fund Likely To Put Chinese Yuan In SDR Reserve Currency Basket

## War on cash/cashless society ##
Switzerland To Launch Huge War On Cash Experiment
France Shutting Down Prepaid Debt Cards
Prepaid cards: Help for financially excluded or terrorist tool?
Biometric payment systems put money at your fingertips

## Airline death spiral ##
Airline Stock Roundup: Global Travel Alert Hurts Carriers; Delta, United Continental in Focus

President Obama demands that Turkey close stretch of frontier with Syria
Ankara is accused of tolerance of – if not complicity with – the terrorists, who use border as a crossing point for Isis recruits and oil sales
A Russian warplane recently entered Israeli-controlled airspace from Syria but the intrusion was resolved without incident, Israeli Defense Minister Moshe Yaalon said on Sunday.

Nearly a dozen fishing boats, some with bodies aboard, have been drifting into Japanese waters, raising speculations of migrations from nearby North Korea.
Refugees could be fined or lose residency for failing to uphold Dutch values
Newcomers told to be good neighbours and speak Dutch if they want to stay in Netherlands, as country adopts tougher approach on migration
German Economist Concludes Refugees Will Ultimately Cost Germany €900 Billion
In contrast to the absurd Keynesian position that refugees will pay for themselves via higher growth rates, German economist Bernd Raffelhüschen estimates that over the long haul Refugees Will Cost Germany €900 brillion.
Exactly so. Although refugees should be helped, the idea that the added labor force (and taxpayers) will help economies is a relic of the time when oil extraction costs were cheap. It's the same outmoded thinking that building still more roads will "stimulate" economies. Those days are over. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek pensioners take to streets ahead of expected cuts
Anti-U.S. base protest (Japan)

## Energy/resources ##
Fitch: More capital budget cuts coming in 2016
Another round of budget cuts and more financial trouble are coming for U.S. oil and gas companies next year, debt ratings agency Fitch Ratings said Monday in its 2016 oil and gas outlook.
Power ship steams into Ghana port to help end blackouts
A power-generating ship was officially welcomed at Ghana's main port on Sunday after arriving the previous day in what Power Minister Kwabena Donkor said was a bid to keep the country on track to end chronic blackouts.
The $30 Oil Cliff Threatening Russia's Economy
Highly unlikely. -- RF
Germany's "big four" utilities - E.ON, RWE , EnBW and Vattenfall - have already set aside nearly 40 billion euros ($42 billion) to fund the decommissioning and waste disposal but say they cannot handle the problem on their own.
There is not enough money for this, and there never will be. Keep watching this situation as national economies tank, money disappears, and the legacy of nuclear power turns into an unmitigated global disaster. -- RF

## Got food? ##
South Sudan food team finds risk of 'widespread catastrophe'
Got slavery-free food? -- RF

Potatoes can help cut cancer risk
New study reveals eating potatoes and cabbage can help reduce risk of developing stomach cancer
A former HSBC employee was sentenced Friday to five years in prison for aggravated industrial espionage. Although HSBC claims the whistleblower initially stole the information for his own personal financial gain, his revelations exposed international fraud, tax evasion, and money-laundering scams involving thousands of corrupt businessmen and arms dealers.

## Systemic breakdown/collapse/unsustainability ##
Beijing's super commutes reflect a city bulging at the seams
Certainly, these are laudable goals — sane and humane people would not argue against the attempt to lift millions of humans out of poverty. Unfortunately, there will never be enough cheap energy to accomplish much of this. Meanwhile, thanks to the rising cost of energy extraction, poverty is making a comeback in developed countries like the US, Japan, and the UK. The economic growth needed to float all humans' boats will never come. -- RF
Disaster in the making. -- RF

## China ##
Cargo theft has become a huge problem that the FBI says causes $15 billion to $30 billion in losses each year in the U.S.

## The candidates ##
"Worldwide, the Muslims were absolutely going wild," the real-estate mogul said at a campaign rally in Sarasota, Florida.

And finally...
Wife takes revenge on cheating husband by selling house while he's away on business trip!

Thursday, November 26, 2015


News Links, November 27, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
French Recession - Europe's Second-Biggest Economy Fell Into Recession In First Quarter: Report
French unemployment rebounds to record high
India Services Sector Expansion Loses Momentum; Services PMI Records Slowest Growth In 18 Months
The Slowdown In China Is Clobbering Manufacturers In Germany And The US
If China Killed Commodity Super Cycle, Fed Is About to Bury It
Iron ore crash turns up heat on miners
European banks sitting on €1tn mountain of bad debt, survey finds
Gulf braces for austerity as oil income slump bites – GCC states face record deficit of $180bn in 2015
Saudi deputy crown prince says considering subsidy cuts
Saudi Arabia may reduce energy and water subsidies for wealthy citizens among other reforms to diversify its economy away from oil amid a sustained fall in prices, its Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday.
If "Everything's Awesome" Why Did Aussie CapEx Just Collapse By The Most In Its 30 Year History
Swedish central bank calls for action as Nordic property market fears grow
Is Turkey Trying to Distract the World From its Debt Crisis by Shooting Down a Russian Plane?
Puerto Rico Is About To Default: Your Complete Guide To An Island Debt Debacle
Philippine Economy Misses Expectations On Industry, Farming And Remittances
Spain Braces for its Biggest Corporate Insolvency… Ever!
Nicaragua Canal Project: Construction Put On Hold As Chinese Investor's Fortunes Dwindle
Is Portugal about to go down the same road as Greece?
Greek residential property price slide gains pace in third quarter
Yet More Rigging By Big Banks – This Time It's Interest Rate Swaps

## Cut, baby, cut! ##
US Steel To Lay Off Thousands Of Workers
Saudi builder Binladin said to cut about 15,000 jobs
Construction company Saudi Binladin Group plans to cut about 15,000 staff, people with knowledge of the matter told Reuters, in a sign of the pressure on the industry as the Saudi government trims spending in response to low oil prices.

## War on cash/cashless society ##
Cash Is King For American Holiday Shoppers
Seven in 10 American shoppers are using either cash or a debit card to pay for most of their holiday shopping this year.
London Black Cabs Set To Take Contactless Payments From 2016
The first shot in the War on Cash?
A small Swiss bank has become the first retail bank in the world to charge ordinary customers negative interest on their cash deposits.

## Airline death spiral ##
No explosives found in U.S.-bound parcels at Cairo airport: DHL
Thanksgiving Travel 2015: Airport Service Workers To Stage Hunger Strike For "$15 And A Union" On Busiest Travel Day Of The Year
Spanish ghost airport 'paid Ryanair £420,000 to fly there'
Passengers to FAA: Stop airlines from shrinking seats
Asia Pacific airlines report demand weakness
Two major British airlines cancel all flights to Sharm el-Sheikh until 2016
Airlines plan to ban drunks and limit alcohol on planes
One airline is reported to have suffered a massive 360 drink-induced incidents over the British summer, while several others are said to have written to the UK Government begging for help.
Ukraine imposes total flight ban on Russia
Emirates' 'worst ever air-rage passenger' jailed after abusing cabin crew and biting police officer
French, United States Airport, Transport Workers Under Investigation For Islamic Radicalization
'The Insider Threat Is Real': Gaps in Airport Security Highlighted in New Video
Another Laser Strike Reported Near Love Field
Manila airport staff scrutinized after passengers complain of shakedowns

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian Plane's Pilot: No Warning From Turkey, Jet Didn't Violate Turkish Air Space
Listen To Turkey Audio Of Alleged Warning To Russian Jet Before It Was Shot Down Over Syrian Border
Turkey Fears Tourism Losses After Lavrov Recalls Russian Travelers, Following Downed Jet
Russia deploys advanced S-400 air-defence missile system in Syria after Turkey downs one of its jets
With a range of up to 250 miles, the S-400 could easily strike Turkish targets
Why Is The US Hanging Turkey Out To Dry?
The Russia/Turkey Clash—Some Relevant History
Turkish  trigger-happy hotheads are to blame for authorizing deadly force when a few wing wags would have served to warn off the Russians –  if they were in fact intruding. Turkey is in no position to claim it's the injured party when arms, munitions and logistics support for ISIS has been pouring across its border into Syria for almost five years.
Why Turkey Attacked The Russian SU-24——-The Plane Facts
Meet The Man Who Funds ISIS: Bilal Erdogan, The Son Of Turkey's President
Moscow Announces Restrictions On Imports From Turkey, Report Says
Russia strikes back at Turkey with economic sanctions
Putin Agrees To Cooperate With France's Call For Coordinated Fight Against Terrorism
Italy Says No Agreement Made At G20 To Extend Russia Sanctions
Poland to increase the size of army by 50 per cent to 'guarantee the integrity'
Egypt, Russia Negotiating Missile Sale
Neo-Nazis Sprout in Malaysia; Yes, Malaysia
Third Time Wasn't The Charm: John Kerry Returns To The Middle East For A Fourth Go-Round
Hungary detains group heading to capital with explosives, finds bomb lab
New Burqa Ban In Switzerland Will Assess Muslim Women Hefty Fines Amid Increasing Islamophobic Rhetoric
Thanks ISIS: We "Can't Keep Up With Surging Weapons Demand", Pentagon Says

## Migrants/refugees ##
Stranded migrants try to storm into Macedonia, tear down fence
Hundreds of Moroccans, Algerians and Pakistanis tried to storm the border between Greece and Macedonia on Thursday, tearing down part of the barbed wire fence at the crossing and demanding to be allowed to carry on into northern Europe.As climate impacts hit, Pakistan faces migration surge - experts
African Migration Crisis: Egypt To Crack Down On Smugglers Bringing Migrants To Europe
Hungary is putting hundreds of migrants on trial ... for crossing the border
Luxury Cruise Liners Convert To Floating Migrant Housing
White House: States can't say no to Syrian refugees
Norway Advertises Stricter Asylum Rules In Afghan Newspapers

## Global unrest/mob rule/angry people/torches and pitchforks ##
Laquan McDonald Police Shooting Video Ignites Chicago Protests
Protesters to target Chicago shopping area on Black Friday

## Energy/resources ##
Carbon limits to put $2 trillion of coal, oil, gas projects at risk: report
Up to $2 trillion in petroleum and coal projects will not be needed if the world takes action to limit warming of the planet to 2 degrees Celsius, according to a report released this week ahead of a global climate summit in Paris.
No Nukes: Anti-Nuclear Activists Condemn Turkey's Plans To Build Second Atomic Plant
Fossil Fuels For Power Gen May Soon Be In Terminal Decline
How To Solve Pakistan's Energy Crisis? Turn Off Air Conditioners, Wear No Socks
Oil prices have moved into 'super contango'
German power groups step up pressure on Berlin to help handle nuclear exit
Russia stops coal supplies to Ukraine
Average american has energy equivalent of 450 human slaves working 8 hours shifts every day
Scientists seek to harvest electricity from algae in green-energy effort
Compared to what industrial civilization requires, this is a drop in the ocean. -- RF
China Is Absolutely Destroying the US on Clean Energy
Coal's struggles likely to continue in 2016
As costs, mishaps mount, U.S. nuke industry weighs extending aging reactor lives up to 80 years

## Got food? ##
China Droughts Are Driving Down Corn Production Forecasts In World's Second-Largest Producer
Urban farmers find that success leads to eviction
China Building World's Largest Animal Cloning Factory to Feed Appetite for Beef
Costco E. coli outbreak related to vegetables in chicken salad

## Environment/health ##
U.N. Weather Agency: It's Record Hot Out There This Year
Rise of carbon emissions almost stalled in 2014: study
A rise in world carbon dioxide emissions almost stalled last year for the first time in almost two decades without a recession, in a promising step towards cleaner economic growth, a study showed on Wednesday.
EPA asks court to withdraw registration of Dow herbicide
Avoiding the climate catastrophe: not so easy as many people think
Study: Skin care drug prices up 401 percent since 2009
The cost of prescription skin treatments has skyrocketed since 2009, as the burden of escalating drug prices increasingly weighs on family budgets.
Arsenic and mercury found in river days after Brazil dam burst
Oklahoma Leads The World In Seismic Activity As 2015 Quake Count Tops 5,000

## Intelligence/security/internet/cyberwar ##
'Mind-Blowing Abuse of Power': Walmart Spied on Workers With FBI, Lockheed Martin's Help
Australian state bans blueprints for 3D printed guns
A Month Ago, Dianne Feinstein Said Cybersecurity Was Super Important... Now She Says We Should Undermine Encryption
Tricky ways thieves can steal your credit card information
Criminalize websites that won't delete terrorist content, say European legislators
New York Port Authority Evacuated Due To Threat Amid Holiday Travel Frenzy
Why retailers love your phone on Black Friday
The TPP: A Time Bomb That Could Blow Up a Free Internet

## Propaganda ##
The Real Thanksgiving Day
The official narrative has always been political propaganda. -- RF

## Systemic breakdown/collapse/unsustainability ##
Why Even a Modest Disruption Will Shatter the Status Quo
Any modest reduction in debt, tax revenues, consumption or new borrowing will bring the entire Status Quo crashing down.
Beijing 'Zombie Apocalypse' Traffic Jam: Commuters Leave Behind Vehicles In Rush Hour Traffic

## Japan ##
Japan To Send 500 Troops To Ishigaki Islands Near Disputed East China Sea
Toyota to replace Takata airbag inflators previously deemed safe
French group Ariva to help Japan dismantle nuclear reactors
Gov't to tackle maternity harassment, day care to slow population decline
The government doesn't understand that the main factor underlying population decline is net energy decline. -- RF
Public pensions, health care stretched as Japan's population ages
No. of workers in Japan to decrease 12% in 2030
Japan to effectively ban production of fluorescent, incandescent lamps
Japan to enable customs officers to seize products with stolen tech
Japan plans ¥3 trillion additional budget to prepare farmers for TPP, help struggling pensioners, families

## China ##
Chinese Military Cracking Down on Civilian Use of Drones
China Begins Military Reforms, Major Cuts For People's Liberation Army Underway
World's Tallest Building, 'Sky City', To Break Ground In China In June
Is China's Economy Cooling? China Economic Figures For April Hint That Annual Targets Could Be Missed
China Likely To Invest Over $1 Trillion Overseas By 2020, Eyes Port Infrastructure In Central And Eastern Europe
This Time Is Not Different: China Faces 'Internal Debt Crisis'
China's Earliest Monthly Economic Indicators Flash Warning Sign
Here Comes "QE For Metals" - China's Desperate Commodity Sector Demands A State Bailout
Sinosteel's Debt Troubles Test China's Willingness To Bail Out Its Dinosaurs
China robot conference showcases automated future

## UK ##
How council services are affected by spending cuts
Renewable energy: Many green power plants planned for UK 'will not be built'
Many of the new green power stations that were expected to spring up over the next decade will no longer be built, after subsidies for onshore wind and solar energy were slashed, campaigners have warned.
North Sea firms 'considering alternative revenue streams'
Lead poisons '100,000 birds annually'
Plans for all London black cabs to accept card and contactless payments by next October
Majority in UK Now Favor Brexit; Cameron's Quandary

## US ##
The Triumph Of Materialism: The Average American Will Spend 830 Dollars On Christmas In 2015
On the Verge of Consumer Exhaustion
Personal Income and Outlays: Income Hits Estimates, Spending Disappoints; Optimism Reins Supreme
Recession Watch: Falling Commodity Prices to Hurt America
Still More Inventory
US Border Crisis Rebounding? Unaccompanied Child Migration Back On The Rise
Why The Obamacare Exchanges Are Failing
Consumer drone registry creates challenge for FAA
Crowd funding the real estate bubble: Looking to participate in a San Francisco housing flip for only $5,000 while sitting in your pajamas?
HP Inc plunges after printer business underwhelms
Thanksgiving not popular for all Americans, especially the original inhabitants
Are Refugees Terrorists? Sen Jeff Sessions Says 12 Asylum Seekers Planned Attacks
Congress struggles to secure nation's power grid
Pimco, others sue Citigroup over billions in mortgage debt losses

## The candidates ##
Donald Trump says he watched people jump from Twin Towers on 9/11 from his flat - four miles away
Amazing! The Donald has the visual acuity of an eagle, perhaps even better! -- RF
Donald Trump's 'river of blood' golf course claim is debunked by historians
Donald Trump Says He Can Predict Terrorism: 'I Can Feel It'
Donald Trump Encourages People to Spy on Their Neighbors — And then report them to the police
Rubio: God's Rules Trump Supreme Court Decisions
New York Times Slams Donald Trump's 'Outrageous' Mocking Of Reporter With Disability
Exposed: Hillary Caught Coordinating With CNN to Smear Rand Paul
Huckabee: Obama 'probably' wants Americans to learn Koran verses
Scientists: Ted Cruz Understands Less About Climate Than A Kindergartner
Trump campaign keeps reporters in lockdown to hide embarrassing supporters

And finally...
North Koreans ordered to copy Kim Jong-un's 'ambitious' hair style
Goat Becomes Pals With Tiger Who Was Supposed to Eat It

Tuesday, November 24, 2015


News Links, November 25, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Iron Ore Bust Getting Worse—-Price Heading to $30s, Bankruptcies Coming
'Dr. Copper' plunges to US$2 for first time since 2009: 'Things are quite horrible and about to get worse'
Soaring Global Debt – The Reality Check in Numbers
David Stockman Interview: Central Banks Are Out Of Dry Powder, Another Financial Crisis Is Unavoidable
French economy already hurting from attacks, survey finds
Italy Seeks "Silver Bullet" to Clean Up €330 Billion Nonperforming Loans; Explaining the "Bad Bank" Concept
Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?
Disposable income shrinks twice as fast as GDP (Greece)
What Recovery? Spanish Wages Tumble To Weakest Since 2007
German Manufacturing In April Shrinks At Fastest Pace In 3 Years
Europe's Dead Donkey of Productivity Growth
More Than $2 Trillion Of Euro Debt Has Sub-Zero Yields—-Yet The Deranged Draghi Promises Even More
Comex Leverage Now A Staggering 300 Times The Available Physical Gold!
India faces fears of e-bubble collapse
New Zealand Housing Bubble: London House Prices Have Nothing on Auckland

## War on cash/cashless society ##
According to the document, reported Reuters, EU interior and justice ministers planned to speak to the European Commission about increasing controls on "non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards."

## Airline death spiral ##
Stuck Waiting: Ground delays at US airports on the rise
Los Angeles airport to build special terminal just for celebrities
Special suite at LAX will let stars and the world's wealthy glide directly from their limo to their first-class seat without having to interact with the public
Hitting Saudi Arabia Where It Hurts

## Energy/resources ##
Super Majors Ripe for Consolidation and Other Restructuring
Mineral riches mean nothing without energy. -- RF
It won't amount to a hill of beans. -- RF

## Got food? ##
Guatemala's Vanishing Harvests
As diplomats and elected officials around the world debate the best way to confront climate change, Guatemalans are already struggling to adapt to frequent droughts, brutal cold snaps and shrinking harvests.
But they won't. -- RF
Nestle confirms labor abuse among its Thai seafood suppliers
Impoverished migrant workers in Thailand are sold or lured by false promises and forced to catch and process fish that ends up in global food giant Nestle SA's supply chains.
Another shining example of humanity's excellent stewardship of the planet. -- RF
I don't see what's so surprising about the conclusion. What am I missing? -- RF

## Intelligence/security/internet/cyberwar ##
Europe Demands Access To All SWIFT Data To "Combat Terrorism Funding"

## Systemic breakdown/collapse/unsustainability ##
While Edward Snowden and Chelsea Manning and John Kiriakou are vilified for revealing vital information about spying and bombing and torture, a man who conspired with Goldman Sachs to make billions of dollars on the planned failure of subprime mortgages was honored by New York University for his "Outstanding Contributions to Society."
Stuck waiting: ground delays at US airports on the rise

## Japan ##
Gov't eyes extension of debt-financing law
The government plans to extend temporary legislation allowing the state to automatically issue debt to fund its annual budget without Diet approval for multiple years, sources close to the matter said Monday.
Talk about kicking the can! Do I need to say how this is going to end? -- RF
Businesses to be obliged to check employees' mental health
Businesses will be obliged starting next month to offer their employees an annual test to check their mental stress level amid an increase in workers suffering mental disorders.
Butter prices may hit record levels this winter
As you can see from the photo, butter is already being rationed. -- RF
Britain offers France emergency use of airbase

## US ##
Is Santa Poised to Fill Christmas Stockings with Coal?
Perhaps a retail coals-in-the-stockings Christmas will awaken the mainstream media to the reality that recession is now a global phenomenon.
The "cashless society" is facing a headwind here, but TPTB will do everything possible to stifle the use of cash. -- RF
Of the more than $1.3 trillion in student debt outstanding over 66 percent is carried by those 39 and younger.
## The candidates ##
Well, that's true. But the writer's defense of mainstream media propaganda organs is also to blame. -- RF

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