Thursday, April 17, 2014

 

News Links, April 17-18, 2014

In memoriam: Michael C. Ruppert

## Global Ponzi meltdown/House of Cards ##
"Uncreative" Destruction: The Troika's Hostile Takeover of Europe
Europe Without €: Former EU Commissioner Says "Monetary Union has Failed"
Bail-Ins Approved By EU Yesterday - Coming In UK, U.S. And Globally
Singapore no home for luxury developers as cooling measures bite
Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite.
Austerity In Spain? Where? Public Debt Threatens to Exceed 100% of GDP in 2014
Startup Israel Suffering Most OECD Poverty as Poor Surge
At 20.9 percent of its households, Israel's poverty rate is the highest of any country in the 34-nation Organization for Economic Cooperation and Development, according to OECD measures. Hit hard by the rising cost of living and falling wages, the number of employed and impoverished Israelis has risen steadily even as the economy outran the U.S. and Europe in recent years.
BRICS countries to set up their own IMF
Defunct bitcoin exchange Mt. Gox files for liquidation
What the Heck is Going on With US Treasuries In Belgium?
Spider-Infested Mine to Reopen as Saracen Chases Gold Rush
Italy puts haunted island on sale in bid to reduce national debt
IBM's quarterly revenue sinks to 5-year low as hardware sales fall
Abu Dhabi commuters feel the heat as air-con bus shelters fall into disrepair
US could face a permanent slump, warns economist
They are barking up the wrong tree. The primary factor behind the end of growth is expensive energy. -- RF
On Plummeting Puerto Rican Bonds And Perishing Populations
Market Report: Economies stalling
The Great Keynesian Fraud

## Airline Death Spiral ##
Hidden Vulnerability Discovered in the World's Airline Network
High jet fuel prices have protected existing airlines from startups, prevented fare wars
PAL's losses widen on costlier jet fuel, maintenance expenses
Will you find these new seats on your favorite airline?
High ATF prices, flat growth in passenger traffic to hurt airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Separatists take armoured vehicles, humiliating Ukraine forces
Ukraine: 3 killed after Black Sea base attack
NATO To Boost Air, Warship Presence Around Russia; Netherlands May Deploy F-16s To Ukraine
Ukraine's Eastern Invasion Stalls, Troops Withdraw From Slovyansk
Ukraine Talks End in Accord; What About the Key Missing Player?
NATO Sending 5 Ships to Baltic Sea Due to Ukraine Crisis
Islamist militants kill 30 in attacks around Iraq
Obama Aims to Reassure Pacific Allies on 'Asia Pivot'
Death From Above: How American Drone Strikes Are Devastating Yemen
AFRICOM Goes to War on the Sly
The U.S. military "pivot" to Africa quickens, albeit under a "veil of secrecy." AFRICOM "now averages far more than a mission a day on the continent, conducting operations with almost every African military force, in almost every African country, while building or building up camps, compounds, and "contingency security locations."
Carlyle's Africa fund blows past its asset targets
Here's further proof that serious international investors are warming to Africa: The Carlyle Group announced Wednesday that it had raised $698 million for its dedicated continental fund, nearly $200 million above its initial target.
Defense Spending Dips in U.S., Rises Elsewhere
Iran cuts enriched uranium stockpile: report
China And Japan 'Face Off' Over $6 Billion Port Project On Remote Australian Beach
McDonald's foreign workers call it 'slavery'
Belizian temporary foreign workers docked pay for rent in corporate apartment
France is the new cauldron of Eurosceptic revolution

## Global unrest/mob rule/angry people/torches and pitchforks ##
Spanish-Style Riots Coming to a Country Near You
Israel police disperse riot at Jerusalem holy site

## Energy/resources ##
Wall Street sees slide ahead for deepwater rig dayrates
Labor Shortage Threatens to Bust the Shale Boom
Power cut hits north of Scotland
Power restored after massive Toronto blackout
Chart of the day: A whole lot of (nat) gas (US)
Can US get record natural gas storage refill at reasonable prices? (podcast)
The US had better hope for a cool summer. -- RF
Global Solar Bulletin: India Trouble, UK Bubble, Crimean Rubble, German Struggle
Ankara says Russia's South Stream pipeline could run to Turkey
Cost of oil transported by pipelines up 60% in five years, NEB says (Canada)
South Africa's nuclear aspirations hinge on high costs
Coal Returns to German Utilities Replacing Lost Nuclear
'Middle East dependent on Asian oil demand'
Oil Minister: Restart Of Libya's Oil Output Hard To Predict
Hydraulic Fracturing: Staying Afloat in Times of Tightening Water Supply
Solar Chimneys Can Convert Hot Air to Energy, But Is Funding a Mirage?
Deep sea rocks may be future source for rare earth metals
Are Hydrogen Fuel Cell Vehicles Dead On Arrival?
Scientists Discover How to Generate Solar Power in the Dark
An OPEC Nation Ships Its First Oil in 9 Months
EU agrees to Putin's call for gas security talks
Bulgarian minister makes passionate case for South Stream pipeline
Fracking Sand Spurs Grain-Like Silos for Rail Transport
New Wind, Solar Power Cheaper Than Nuclear Option, Study Shows

## Infrastructure scavenging ##
Thieves take 60,000m of copper cable from Eircom (Ireland)

## Got food? ##
On Your Mark, Get Set, Grow: A Guide To Speedy Vegetables
Eggs Rise to Six-Year High for Easter: Chart of the Day
Beef, Pork, Shrimp, Eggs, And Now Orange Juice
Booming demand pushes Florida to limit sea cucumber harvest
Hunger is a 'silent crisis' in the USA
Holy Guacamole! Chipotle to Raise Prices as Costs Soar
Coffee surges on renewed concern about crop
The 10 Fastest Rising Food Prices

## Lifestyle Solutions ##
The End of Employment
Get started now on downsizing. -- RF

## Environment/health ##
Radioactive Waste Booms With Oil as New Rules Mulled
Oilfields are spinning off thousands of tons of low-level radioactive trash as the U.S. drilling boom leads to a surge in illegal dumping and states debate how much landfills can safely take.
Coral eating worm plagues reefs
Thousands more Norwegian farm salmon escape in latest incident
Industrial Smog Amplifying Extreme Weather: Study
Legacy of US Nuclear Weapons Still Killing Uranium Miners Decades Later: Study
Sars Research Lab Loses 2,000 Tubes of Killer Virus
EU seeks to cut plastic bag use by 80 percent by 2017
Rising number of MERS fatalities in the Kingdom alarms the public (KSA)
Mr. Poo mascot created to reduce public defecation in India

## Intelligence/propaganda/security/internet/cyberwar ##
Kill switch: Apple, Google, Microsoft, Samsung and Carriers Back Anti-Theft Measures for Smartphones
Glenn Miller Claims He Was an FBI Informant
Give Me Your Google Glass and Nobody Gets Hurt!
Obama Whistleblower Program Requires Whistleblowers to Register to be Protected
Court Declares That, Yes, Bloggers Are Media
Retailer Michaels Stores confirms payment card data breach
Lavabit, Company That Defied NSA Surveillance, Loses Appeal
5 surefire ways to get taken by identity thieves

## Systemic breakdown/collapse/unsustainability ##
Peak Soil: Are We Taking More Than the Earth Can Give?

## Japan ##
Canary In the Yen Shaft: $10 trillion JGBs; No Bids!
Nothing could be more fraught with danger than to see the most massively indebted government in the world destroy its own bond market in pursuit of the very Keynesian doctrine that every major central bank in the world is today practicing. Yet that is exactly what the world class fool running Japan Inc.—at least for the moment—is on the way to accomplishing.
Why Japanese bonds look 'terrible': Kyle Bass
Despite doubts, Japan prepares end to ban on defending allies
Manager at Japan's Fukushima plant admits radioactive water "embarrassing"
Nuclear fuel cycle in need of alchemy amid waste disposal problems
Dose study kept from returnees
The government kept a report about a study of individual radiation doses around the Fukushima No. 1 nuclear plant — including an area recently released from an evacuation order — under wraps for six months.
Japan's power supply to become tight in summer but no blackouts expected
Bird fu in Japan has same virus type as S. Korea flu
Japan's indigenous stealth jet prototype 'to fly this year'
Japan makes two more oil payments to Iran
Gov't cuts economic view after sales tax
Population decline hinders economy

## China ##
Real estate prices beginning to drop across inland China
Real estate prices are dropping in China's inland cities. This decline could increase the risk of more bad debts as the country's economic growth slows.
The richest man in Asia is selling everything in China
China oil demand sluggish as slowing economy curbs energy use
How China's Near-Defaults Avoided Going Bust
China: 20% of our arable land is polluted
China factories face new challenge as growth slows

## UK ##
Food banks see 'shocking' rise in number of users
Infants 'unable to use toy building blocks' due to iPad addiction
The Association of Teachers and Lecturers warn that rising numbers of children are unable to perform simple tasks such as using building blocks because of overexposure to iPads
Stagecoach to cut its fleet by 14 after depot closure
Channel Tunnel train delays cause 'chaos'

## US ##
What's the Difference Between Fascism, Communism and Crony-Capitalism? Nothing
New Report from Princeton and Northwestern Proves It: The U.S. is an Oligarchy
GM to ask bankruptcy court for lawsuit protection
General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.
California Plans For A Hydrogen Future
Plan all you want. It ain't coming. -- RF
Holy Bible Could Become Louisiana's Official Book
Debt Burdens Soar for Major US Companies
The "Housing Recovery" Is Complete: Major US Banks' Mortgage Originations Tumble To Record Low
Housing Bubble 2.0 Veers Elegantly Toward Housing Bust 2.0
The Retirement Reality Gap
Where's My Flying Car? Survey Sizes Up How We See the Future
Bank of America's financial crisis costs become a recurring nightmare
In Preemptive Strike, Oklahoma Bans Efforts to Increase Minimum Wage
Ahead of earnings, McDonald's arches showing cracks
Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek
Is Miami the next Monaco?
If Miami real estate is a bubble, it's still inflating fast.
Charleston Man Receives $525 Federal Fine for Failing to Pay for a $0.89 Refill
Some of you may wonder why of all the stories out there today I decided to focus on the $525 fine a construction worker in South Carolina received a for refilling his drink without paying. The reason is to highlight the difference between what happens when a peasant breaks the law versus when a banker does it.
Your retirement is in danger: Save it


Tuesday, April 15, 2014

 

News Links, April 15-16, 2014

** In memory of Michael C. Ruppert **

## Global Ponzi meltdown/House of Cards ##
Baltic Dry Drops For 15th Day To Lowest In 9 Months (Back Below $1000)
Greece On The Dnieper: With The Ukrainian Currency & Economy Collapsing, IMF Set To Loot What's Left
What Happens When 'All Assets Have Become Too Expensive?'
Italy's Monte dei Paschi considers bigger cash call
CSIRO prepares to cut another 300 jobs (Australia)
Citigroup cuts 200 to 300 jobs
Cut, baby, cut! -- RF
High-Frequency Traders Get Curbs as EU Reins In Flash Boys
Capitalism simply isn't working and here are the reasons why
Economist Thomas Piketty's message is bleak: the gap between rich and poor threatens to destroy us
Giant Cement Companies Lafarge, Holcim Aim To Merge, Fuelling Antitrust Worries, Fears Of Global Cement Price Increases
Germany outlook sours on Ukraine concerns

## Airline Death Spiral ##
Facing firm oil prices, Asia airlines hedging big part of fuel use
Two of Canada's northern airlines plan merger
The rise of China's penny-pinching budget airlines
Tigerair Mandala Continues to Shrink and Cancel Routes
Tigerair Mandala Airline continues to strip-off more routes and flights from its domestic network in a measure to stem mounting financial losses. Meanwhile, the Indonesian Civil Aviation Authorities are undertaking an audit of the airline's finances to determine whether the airlines is financially able to continue to operate.
Airlines move away from bereavement fares

## Fault lines/flashpoints/powder kegs/military/war drums ##
Pro-Russian militias fill the vacuum as Kiev's control in eastern Ukraine slips
West approves $3.2 billion package for Ukraine
US Pays Half Of Gazprom's Overdue Invoice With $1 Billion Ukraine Loan Guarantee
White House Admits CIA Director Brennan Was "Secretly" In Kiev
Kiev's grip loosening on restive eastern Ukraine
Ukraine on the brink as troops take on rebels
Ukraine recaptures airfield from pro-Russia separatists
Specter of Civil War; Putin's Army Hiding – Not Even CNN Can Find It; Easy Solution
Fragile Europe Weakens U.S. Push for Russia Sanctions
Rouhani says Iran sanctions will unravel in months
Growing Muscle: China's Neighbors Gear Up for a Fight
French test fire new cruise missile
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Blast at bus station in Nigerian capital kills 72
Russian Fighter Jet Buzzed U.S. Ship: Officials
Mafia port in Italy will host transfer of Syria's chemical weapons
Thirty Venezuelan Military Officials Allegedly Under Arrest for Coup Plotting
2,000 PLA troops could invade Diaoyutai in 5 hours: WSJ
PLA may use fishing boats to lead Diaoyutai assault: Japanese media
Paris police order 'systematic eviction' of Roma gypsies
Latvia bans Russian state television, plans new Russian-language channel
Rebel videos show first U.S.-made rockets in Syria
China Planning 'To Militarise Space' Against US Anti-Satellite Weapons
Prince Bandar bin Sultan, Head Of Saudi Intelligence, Has Been Sacked
The Future of Countries (secession and unification)
CIA's Pakistan drone strikes carried out by regular US air force personnel

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-royal protesters march in Madrid
Student killed, 3 journalists injured in clashes in Egypt

## Energy/resources ##
Hats, Scarves & Blankets At Home: How The "Energy Poor" Go Green
Ireland scraps wind energy exports
Ukraine has gas in storage for Europe, minister says
Europe speeds up gas storage to prepare for Russian cut
Global Biofuels Output Drops For First Time Since 2000
Iran jockeys for position in gas supplies to Europe
Iran to Maintain Daily Oil Sales at 1 Million Barrels Into July
Kazakhstan looks to offset Kashagan oil field failure
Crimea: the Oil, Gas Story
The recent annexation of the Crimea region could land Russia with substantial Black Sea gas and oil resources off the peninsula's southwest and east coasts.
Kashagan – Back to the drawing board?
Musings: The Oil Industry's Era of Austerity - Part Two
BP Head Says Russian Business Unaffected by Sanctions

## Infrastructure scavenging ##
Copper thieves target Board of Water Supply (Hawaii)
After two copper theft incidents targeting the Board of Water Supply left customers without water and damaged its operating system, the company said it plans to increase security around its reservoirs.

## Got food? ##
Shortage of Farmers Creates 'Dangerous Situation' for U.S.
Drought Could Complicate Already Difficult Food Crisis In Syria
Profit Tastes Like Chicken in Hunt for Cheaper U.S. Meat
The final word on food banks?
Every week, in Britain and across the world, new food banks are opening their doors. Ballooning numbers of people in the US, one of the wealthiest nations on earth, inhabit tent cities and the OECD tells us that income disparity in industrialised nations has reached a thirty-year high.
Voodoo Dolls Prove It: Hunger Makes Couples Turn On Each Other
Where's The Whole Grain In Most Of Our Wheat Bread?
Shrimp Is Big. Now It's Sick. And Really Expensive
Prices for shrimp have jumped to a 14-year high in recent months, spurred by a disease that's ravaging the crustacean's population.
Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

## Environment/health ##
Mississippi Basin Water Quality Declining Despite Conservation
Super-rats immune to poison 'growing as big as cats' (UK)
How Harmless Bacteria Learned to Eat Human Flesh
Europe searches for nuclear waste storage sites
A new law is being drafted in Germany to regulate investigations aimed at finding suitable sites for permanent nuclear waste storage. The search can take many years - and Germany's neighbors are facing similar obstacles.
Vacuuming carbon from the atmosphere may be most realistic solution to climate change
That's going to cost a lot of money, and consume a lot of energy. -- RF
Dying in Defense of Earth: Eco-Activist Murders Skyrocket
As the need for preservation of the Earth's natural resources has grown, says the group, the rate of violence against those fighting to protect the planet has faced a "sharp" increase in recent years. In the last four years the death rate of activists has risen to an average of two people a week, according to the report, with 2012 marking the most deadly year with 147 killings. That's nearly three times more than in 2002.

## Intelligence/propaganda/security/internet/cyberwar ##
Guardian and Washington Post win Pulitzer prize for NSA revelations
10,000 Russians Rally Against 'Lies' of State-Run Media
Nearly A Fifth Of Americans Suffer Data Breach -- Many Risk ID Theft
FBI Plans to Have 52 Million Photos in its NGI Face Recognition Database by Next Year
Apple Upgrade Tracks Customers Even When Marketing Apps Are Off
The FBI's Facial Recognition Database Combines Lo-Res Photos With Zero Civil Liberties Considerations

## Systemic breakdown/collapse/unsustainability ##
America's Homegrown Terror
Plagued by poor infrastructure, climate denialism, and a patchwork of unregulated fracking wells and nuclear waste sites, the U.S. is poised to topple itself with self-inflicted wounds.
After Deaths, Renewed Focus On Leaky Gas Pipelines
Sears is dying: What the ubiquitous store's death says about America
The Approaching Infrastructure Train Wreck (US)

## Japan ##
This Chart Shows When the Smart Money Saw The Abenomics Fail
Japan Restricts Chicken Shipments After Bird Flu Outbreak
Gov't completes cull of 112,000 chickens after bird flu outbreak
Post-Fukushima Japan Chooses Coal Over Renewable Energy
Japan's Population Shrinks for Third Year as Ranks of Aged Grow
Massive BOJ-Buying Silences JGB Market
203 tons of tainted water pumped into wrong building at Fukushima N-plant
Japan Follows China's Coal Rush

## China ##
Chinese Checkers with Gold Prices
Is China already the world's largest 'owner' as opposed to 'holder' of gold? If so, China, with a mature financial center in Hong Kong, already is further along the path than most have predicted towards challenging the vital reserve currency status and international credibility of the U.S. dollar.
China Tightens Oversight of Trusts as Default Risk Increases
China to Face More Defaults: Asianomics' Walker (video)
Bottled-Water Frenzy in Lanzhou Fault of Oil Leak, Officials Say
This Chinese City's Property Market Is Even Chillier Than Its -22-Degree Weather
Chinese gold demand may rise 20% by 2017: industry body
China's Fractures Widen: Scramble To Sort Out Busted Debt In Massively Over-Built Steel Industry

## UK ##
Small Data: The way drugs and prostitution boost the economy
'Almost 85,000' workers on zero-hours contracts in Scotland
Mutant super rats invading Liverpool
E-cigarette poisoning figures soar as vaping habit spreads across UK
Childhood 'eroded' by 10-hour school day, teachers warn
Town halls using CCTV on 'industrial' scale to fine motorists, says minister

## US ##
How To Get a Job Despite the Economy (or, how much is a college degree really worth?)
About That "Strong" March Retail Sales "Bounce": Good Thing Summer's Coming!
What would we do without the Wall Street Journal? Do people actually pay for this lame-brained noise?
U.S. Crude Reserves Hit Highest Levels in nearly 40 Years
The Homeless in NYC Are Now Living in Tiny Spaces in the Frame of the Manhattan Bridge
Neofeudalism: We're Living in the Era of "Economic Elite Domination"
'The government doesn't listen to average citizens, just the rich and their lobbyists,' is probably the oldest criticism of any government, anywhere. But a new study has pretty much proven that this is precisely what's happening in Congress. According to the research, the meek voice of the public barely registers beneath the booming baritone of the wealthy—so much so that 'democracy' isn't a great descriptor of how we Americans are governing ourselves. The study's authors suggest "Economic Elite Domination" instead. And it's only going to get worse.
How the CEO of HFT Firm Virtu Financial is Demanding a Taxpayer Bailout in Florida
What the financial crisis, subsequent taxpayer bailouts, zero prosecutions of financial industry participants and further consolidation of the economy by oligarchs has taught us more than anything else is that the super rich and politically connected are not allowed to fail.
Inside the Private Prison Industry's Alarming Spread Across America
Small U.S. Colleges Battle Death Spiral as Enrollment Drops
Prisons are booming, colleges are failing. -- RF
GMO 7-Year Real Return Forecast: US Equities Negative For 7 Years
What goes up, must come down: The façade of the current stock market rally.
Infrastructure crisis building along U.S.-Mexico border
Obama Administration Rakes In Billions Off Student Debt
Eminent domain: Whose land is it anyway?
Dozens of top Nasdaq names in bear market territory
Rising food, housing costs push up U.S. inflation
US Postal Service Joins in Federal Ammo Purchases
Detroit Sells Homes for $1,000
J.C. Penney Down 20% in the Past Week
Luxury Apartments Push Out More Affordable Housing
The Rich Are Paying More Taxes: The Horror! The Horror! (another look at the data)

And finally...
So, the Dalai Lama walks into a convenience store in rural Japan…
North Korea sees no joke in Kim Jong-un's hairstyle


Sunday, April 13, 2014

 

News Links, April 12-14, 2014

## Global Ponzi meltdown/House of Cards ##
Is the US or the World Coming to an End?
Apocalypse near? 'Year of the Bear' implosion haunts China
Pessimists say multiple signs point toward an impending implosion
Bitcoin Mining Boom Sputters as Prospectors Face Losses
Europe's top banks cut 80,000 more staff in post-crisis overhaul
Cut, baby, cut! -- RF
China Property Collapse Has Begun
"It's not a bubble," Retail Investors Are Told As The Smart Money Bails Out
72% Of Greeks Need More Work To Make Ends Meet
Shipbuilding Orders Evaporate As Baltic Dry Collapses
Tensions over money flows bode poorly for global economy
Debate heats up over Australia's fiscal future
The Australian government is under growing pressure to raise taxes or slash spending, as experts warn that the country can no longer afford current levels of public expenditure.
Cuba looks to cooperatives to slow rise of capitalism
Hugely outnumbered – Western gold bears by Asian gold enthusiasts
"Analysts" Lower Revenue Growth Expectations By Most In 18 Months
"A Triumphant Recovery"? A First-Person Perspective Of What Is Really Happening In Greece

## Airline Death Spiral ##
Gatwick Airport Christmas Eve chaos is a 'wake up call'
Why Air France-KLM Might Want to Ditch Its Freighter Fleet
What's next for Branson Airport?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Inside the FBI's secret relationship with the military's special operations
South Korea, US To Hold Largest-Ever Joint Air Drill
Rio police oust thousands in massive slum raid
The Key to South China Sea Peace Is Apparently a Secret
Egypt's Tahrir Square dream fades as Sisi builds power
Two Brotherhood members killed in gunfight with Egypt police
US Marines Headed To Chad Park To Fight Poaching
'More than 600' Gibraltar incursions since 2013
Pakistan navy deploys Chinese C-602 cruise missile
Uniformed men occupy Donetsk police HQ
Men in the uniforms of Ukraine's now-defunct riot police on Saturday occupied police headquarters in Donetsk, the eastern city that is one of the flashpoints of a wave of pro-Russia protests, hours after armed men seized local police headquarters and a local branch of the Security Service in a nearby city.
Ukraine prepares armed response as city seized by pro-Russia forces
America threatens Russia with further sanctions as Ukraine crisis deepens
The West and Russia: a tit for tat game, part II
Billionaire Russian gas trader says U.S. sanctions a badge of honor
Ukraine sends forces to confront armed pro-Russian rebels
Casualties reported as Ukraine readies offensive
Peru state a violent 'mini-dictatorship'
Israeli teenagers risk being sent to prison by refusing to join the army
Rivalry between Taliban factions erupts in violence (Pakistan)

## Global unrest/mob rule/angry people/torches and pitchforks ##
Why the Standoff at the Bundy Ranch is a Very Big Deal
Ripples of Nevada range showdown spreading in West
Feds abruptly end cattle roundup in Nevada
Cattle Battle: Armed Protesters Join Fight Over Nevada Ranch
Individuals targeted as San Francisco tech money protests intensify
One killed in clashes in Alexandria, police disperses protests
Protesters Slam Gates Foundation for Private Prison Profits
Argentina hit by nationwide strike over inflation
Anti-Austerity Protesters Clash with Police in Rome

## Energy/resources ##
Preventing summer blackouts in Egypt is "impossible" -minister
Egypt's minister of electricity and renewable energy said that the government will not be able to prevent power cuts this summer, an acknowledgment of the severe energy crunch facing the most populous Arab country.
EPA coal rules leaving US vulnerable to power blackouts?
IEA points to supply risks outside OPEC
According to the International Energy Agency's latest monthly report, OPEC's 12 members will need to pump an average of 350,000 b/d more during the second half of 2014 to meet global oil demand after their output slumped to a five-month low in March.
Shell drops innovative Norwegian subsea gas project
Royal Dutch Shell has dropped an innovative project to provide compression for a major Norwegian gas field without the need for a platform, dealing a blow to a technology that some hope could revolutionize offshore production. Shell said it would postpone the project to provide subsea compression at Ormen Lange, Norway's second-biggest gas field, because costs have soared and the technology is uncertain.
As U.S. Shale Plateaus, Drillers Look Abroad
It is possible that many shale producers in the U.S. will see their production plateau over the next few years. The phenomenal expansion experienced in America's oil patch will likely come down from their stratospheric growth rates. A few analysts see production from many independent producers reaching a plateau by 2016.
Did crude oil production actually peak in 2005?
Here is a key fact that casts doubt on the official reporting: When the industry and the government talk about the price of oil sold on world markets and traded on futures exchanges, they mean one thing. But, when they talk about the total production of oil, they actually mean something quite different--namely, a much broader category that includes all kinds of things that are simply not oil and that could never be sold on the world market as oil.
Iran Expanding Presence on International Oil Stage
Nuclear renaissance: Enough Uranium, but Nuclear Power Is Still Shrinking
Nuclear renaissance: Czech Utility Scraps Nuclear Plants Over Costs
Nuclear renaissance: U.S. Nuclear Output Drops Near One-Year Low
U.S. nuclear-power production tumbled to the lowest level in almost a year after a New Jersey reactor unexpectedly closed, boosting total plant shutdowns for planned and unplanned work to 19.
Malaysia to raise natural gas price from May 1
Ukraine suspends gas payments to Russia until talks conclude
UN: 'Massive shift' needed on energy
High-altitude wind turbines have potential to generate large amounts of electricity
Natural gas supply shortage could jack up prices

## Infrastructure scavenging ##
Large Metal Theft From Construction Site
Church repeatedly targeted by copper thieves
Scrap thieves steal at least 100 transmissions from auto parts lot

## Got food? ##
Calgary police say supermarket meat target for thieves, who sell out of vehicles
Can you live without processed food?
Food Price Shock, 2014 Edition
Beef prices reach highest level since 1987
China's corn rejections cost companies $427 million- industry group
China has rejected nearly 1.45 million tonnes of U.S. corn shipments since late last year, according to a U.S. grain industry association, the Wall Street Journal reported on Friday. The National Grain and Feed Association (NGFA) estimates that China's rejection of genetically modified corn has cost grains companies $427 million in lost sales and re-routed shipments.
The Basics of Safe Food Storage and the Benefits of Planning Ahead
Rising prices aid $15B food fraud problem

## Lifestyle Solutions ##
Are We Losing Practical Life-Skills?

## Environment/health ##
Ohio geologists link small quakes to fracking
4 years after spill, questions on long-term health
El Nino more than 50 percent likely by summer: U.S. weather forecaster
Dust storms cloud Iran's future
Crude oil leak blamed for China water contamination
Geoengineering: How to save the planet: Moon mining, iron filings and fake volcanoes
Measles Outbreak Traced to Fully Vaccinated Patient for First Time

## Intelligence/propaganda/security/internet/cyberwar ##
Heartbleed could harm a variety of systems
NSA Said to Exploit Heartbleed Bug for Intelligence for Years
NSA Denies It Used 'Heartbleed' Bug to Gather Intelligence
Can't Ask That? Some Job Interviewers Go To Social Media Instead
4 places you should not swipe your debit card
Reporters who broke Snowden story return to U.S. for first time
CIA use of torture 'far worse' than admitted, says leaked Senate report
Russian TV Caught Red-handed: Same Guy Three Different People (Spy, Bystander, Heroic Surgeon)
The Fourth Amendment Shell Game
Window opens on secret camp within Guantanamo
Motorists worry about security of connected cars
Informant society: Homeland Security app: 'See something, send something'
DHS alert: Heartbleed may have been used against industrial control systems

## Systemic breakdown/collapse/unsustainability ##
Why green growth won't transform the economy
The point here is closely related to my observation of the other day: A country skimps somewhere, or shifts its problems to another country, and claims it is making do with less. Green growth, my ass. -- RF
World's Fair Relics Were Once Visions of the Future

## Japan ##
Japan approves energy plan reinstating nuclear power
A recent Reuters analysis shows as many as two-thirds of the country's 48 idled nuclear reactors may have to be left closed because of the high cost of further upgrades, local opposition or seismic risks. "I think it is unavoidable that the Japanese utilities will write off most of their nuclear 'assets' and move on," said Mycle Schneider, a Paris-based independent energy consultant.
Govt energy plan offers no N-power details
Japan confirms first bird flu case since 2011
Gov't orders 112,000 chickens culled after bird flu outbreak in Kumamoto
Barclays Asks Is It Finally Time To Short Japanese Bonds?
Japanese consumers shun luxury goods after tax hike
Japan Inflation Is Sluggish as Effects of Weak Yen Wear Off
U.S. alarmed about plutonium stockpile growing from Rokkasho plant

## China ##
China desperately trying to avert economic slide
China's Fractures Widens: Property Trust Sales Crash By 49%
Chinese rush for bottled drinks after benzene pollutes tapwater
China finds nearly 2,000 firms in breach of anti-pollution rules
With Kids Still in Diapers, Chinese Parents Snap Up College-Town Homes Abroad
China takes on big risks in push for shale gas
China's 'Lehman' Moment

## UK ##
Fuel thieves strike in Caythorpe, stealing hundreds of litres of diesel
Thieves plunder Land Rover Defenders for spare parts as car goes out of production
Homeowners raising average asking price in London by 7% a month
It's the New Dark Age as street lights are switched off
More and more councils are switching off street lights after midnight, mostly to save money rather than to cut light pollution.

## US ##
Uncle Sam Takes Refunds to Pay Ancient Debts: Commentary
The government is now going through old records to see if it overpaid people on Social Security. If it thinks it did, it can now seize the IRS tax refund checks of the CHILDREN of those people it thinks it overpaid. This isn't a proposal -- it's already happening. For the past three years, the government has been confiscating hundreds of thousands of Americans' tax refunds, according to the Washington Post. It has already confiscated $1.9 billion in tax refunds this year alone.
Meltdown America: Consequences of Economic Mismanagement
Thieves drill, drain gas tanks
Gas Thieves Siphoning Natomas Residents' Fuel
Sharp Rise In Gas Prices, Some Areas At $4
Paying Off Student Loans Puts A Dent In Wallets, And The Economy
Identifying the "hot spots" for cargo theft
Nasdaq ends below 4,000 for first time since early February
Some Amazon employees may get $5,000—to quit
A glimmer of hope for ending highway construction crisis
And the $16 billion will come from... where? -- RF
Reader Question on the Inevitable Los Angeles Bankruptcy; What About Chicago?
85% of Pension Funds to Fail in Three Decades
Bridgewater Associates did an analysis of pension funds recently and concluded 85% of them will fail if returns average 4%.
But it won't take three decades. -- RF
High fees eroding many 401(k) retirement accounts
12 shootings on roads around Kansas City 'positively linked', police say
GM CEO Barra Lied To Congress: Docs Reveal She Knew About Steering Problem Years Ago
Statue Of A Homeless Jesus Startles A Wealthy Community
Coldwater Creek files for bankruptcy
State Department Cannot Account for Billions of Contracts; It Can Account for $400,000 for Camel Statue in Pakistan
Walgreen under intensifying pressure to leave Illinois for tax advantage in Europe

And finally...
Finance officials: Global economy turns the corner
Wastewater Treatment Plant Allowing Flushing Brides and Grooms to Marry


Thursday, April 10, 2014

 

News Links, April 10-11, 2014

## Global Ponzi meltdown/House of Cards ##
Baltic Dry Collapses To Worst Start To A Year On Record
Biggest Credit Bubble in History Flashes Warning: 'Seek Cover'
Now That the U.S. and China Have Picked the Low-Hanging Fruit, Peak Everything Looms
Europe weighs bold steps to avoid Japan-like deflation
40 Central Banks Are Betting This Will Be The Next Reserve Currency
Russian oil firm says Asian buyers willing to use euros
Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.
China's next bond default looms as polyester firm declares bankruptcy
Desperate for credit, China importers default on soy cargoes
Chinese importers have defaulted on at least 500,000 tons of U.S. and Brazilian soybean cargoes worth around $300 million, the biggest in a decade, as buyers struggle to get credit amid losses in processing beans.
Cash-strapped France to sell $48 million New York apartment of its U.N. envoy
Global PC shipments fall for eighth straight quarter
Greece Prepares as Much as $688 Million of Real Estate for Sale
Toyota recalls about 6.4 million vehicles globally
BMW to recall 156,137 vehicles in US
Toyota-GM Seen Ushering in Era of Big Recalls
Brussels Tells Spain to Raise VAT Once Again

## Cut, baby, cut! ##
CBC may cut roughly 600 positions on Thursday, lobby group says
The Canadian Broadcasting Corporation could be facing layoffs in the range of 600 positions as it grapples with a financial shortfall of $130-million to $150-million, according to a lobby group that watches the national broadcaster closely.
Renault considers cutting shift at Flins plant: Les Echos
House passes Ryan budget with big cuts
Bank of America to cut 3,000 support jobs across Latin America, Asia
Family Dollar to cut jobs, shut 370 stores as sales fall
Telkom South Africa to cut staff
Exploration suffers as copper miners axe costs, cut debt Add to ...
A weak copper price and tighter financing are forcing mining companies to cut or stall spending on exploring to their lowest levels in four years as they focus instead on axing costs and reducing debt.
Layoffs at Star-Ledger, NJ.com, other Advance newspapers top 300
Weetabix plans cut in pay and hours for British workers
Oshkosh to Cut 760 Jobs in Response to Lower Defense Spending

## Airline Death Spiral ##
American the latest airline to tweak flier program
Sri Lankan state airlines lose Rs30.1bn in 2013; Rs90bn over 5 years
Air India proposes 15% pay cut for pilots
Biggest U.S. airlines among worst in customer service: study

## Fault lines/flashpoints/powder kegs/military/war drums ##
South Korea seeking Sidewinder missiles from U.S.
Israeli settlement plans sank peace talks, Kerry says
NATO Members Conduct False Flag Terror In Attempt to Whip Up War
Japan's Dispatches of Jets Against China Rise to Record
Italian navy warns of 'biblical exodus' in Mediterranean
Hagel pushes US military ties with China's neighbour Mongolia
Littoral Ship's Fitness for Asia Questioned by Some in U.S. Navy
Israel launches cutting-edge satellite to spy on MidEast adversaries
Satellite images reveal Russian military buildup on Ukraine's border
NATO Chief: US Troops May Be Sent to Eastern Europe
US Destroyer Enters Black Sea To "Reassure NATO Allies And Black Sea Partners"
Emerging Dynamics of Petro-Yuan Standard
The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system.
It's On: Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan
Russia Dismisses US Threats Over Iran Oil Deal, Insists Oil for Goods Deal None of America's Business

## Global unrest/mob rule/angry people/torches and pitchforks ##
Car bomb explodes outside Greek central bank building, no one hurt
Woman Arrested After Throwing Shoe At Hillary Clinton

## Energy/resources ##
Wind farm expansion will require fridges to be switched off at times of peak demand
Britain's increasing reliance on wind power in the 2020s could cause power shortages without a radical overhaul of the grid, including automatic control of household appliances
21st Century Energy Outlook: Quite Similar To The Last Two Centuries
Energy shortage hits manufacturing sector: Production in factories far below capacity (Bangladesh)
More oil coming from non-OPEC members
Shell remains committed to Alaskan arctic
Russia says long-sought China gas supply deal is close
German Vice Chancellor Warns 'No Alternative To Russian Gas'
Russia Is Crushing Ukraine's Hopes for Energy Independence
Eastern Ukraine is home to nine-tenths of the country's coal and one of Europe's largest shale-gas deposits. Will the region soon be Moscow's?
Russia warns Europe of gas supply cuts over Ukraine debt
Natural Gas Build Only a Fraction of Needed Recovery

## Got food? ##
Price of fish soars as landings nosedive (India)
Beef prices hit all-time high in U.S.
Orange Juice Prices Soar (US)

## Environment/health ##
NRC rejects petition to extend emergency zones around nuke plants
Study Questions Tamiflu's Effectiveness Against Pandemics
Beijing pollutants remain high despite efforts
US Has Littered Afghanistan with War's Deadly Garbage
Scientists Publish Recipe For Making Bird Flu More Contagious

## Intelligence/propaganda/security/internet/cyberwar ##
'The Snowden Saga': NSA Whistleblower Opens Up in Exclusive Narrative
From Vanity Fair's Snowden Exclusive: A Tense Few Days in Hong Kong
Iowa, North Carolina join states studying Experian breach
What you need to know about the Heartbleed bug
Shift to chip and PIN doesn't solve all for retail
Here's the Real Score: Big Data Knows Everything About You!
Your life is an open book.
Data brokers settle charges over background checks
The Feds Cut a Deal With In-Flight Wi-Fi Providers, and Privacy Groups Are Worried
US: EU Circumvention of NSA Spying Would Violate Trade Law
$4 billion: Bogus tax refunds a growing problem
Using the 'Top Secret' Stamp to Hide Lies and War Crimes
Revealed: Senate report contains new details on CIA black sites

## Systemic breakdown/collapse/unsustainability ##
16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse
Argggh! 80% of Americans stressed out at work
The Club of Rome all over again
Manila Becoming World's Third-Biggest City Risks Gridlock

## Japan ##
Nuclear renaissance: As Japan weighs energy options, costs mount for idled reactors
It is not only the cost of fossil fuels. Idled nuclear plants must be constantly staffed, and they must continuously draw offsite power from the grid to cool reactor cores and spend fuel pools. This is a huge burden on the utilities, more of which will seek government bailouts. -- RF
Abe Government Moves Towards Upgrading Japan's Nuclear Facilities
Will Japan's tax hike spur a fiscal crisis?
Japan's consumption tax hike is likely to dent economic growth this quarter and some analysts believe it may shock the country into a recession and possibly even a fiscal crisis.
Japan Scrambles More Jets as Regional Tensions Rise
Japanese local governments unable to upgrade PCs as Windows XP support ends
With Microsoft Corp., global leader in operating systems, finally ending their technical support for the venerable Windows XP operating system on Wednesday, computer users now have no choice but to upgrade to a newer OS to be able to receive support. But faced with budget cuts and shortages, many Japanese local governments were unable to upgrade their computers still running XP to a newer operating system.
Japan to continue stockpiling plutonium despite proliferation risks
Hello Kitty Can't Coax Japanese Shoppers to Open Their Wallets
Virus kills nearly 40,000 pigs in Japan
A diarrhea-inducing virus has infected about 190,000 pigs across Japan, killing nearly 40,000 of them.
Machinery orders at a 'standstill'
Core private-sector machinery orders shrank a seasonally adjusted 8.8 percent month-on-month in February, the government said Thursday, adding that the yardstick for capital spending had come to "a standstill."
Sensitive airport designs mistakenly disclosed by Google
TEPCO moving to divert groundwater from Fukushshima reactors

## China ##
China March exports tumble 6.6%, worse than expected
Chaori Solar Shares Tumble as Huatesi Polymer Enters Bankruptcy
Snoozing Staff at Yiwu Show China Exports Sputtering
China's Growth Stumbling, WSJ Economist Poll Says
China Drills Into the "Roof of the World" to Help Alleviate Foreign Dependence
The Real China Housing Collapse: 'Vintage' Buildings
Chinese Demand Drives German Luxury Car Sales To New Highs
In China, jar of French mountain air fetches $860
China's Anti-Corruption Battle Produces Unofficial Austerity
Chinese Premier dashes hopes for short-term stimulus

## UK ##
One in seven people retires with no private pension
Tamiflu: drugs given for swine flu 'were waste of £500m'
Students will be paying off loans into their 50s, study warns

## US ##
LA Commission Studies Pension Crisis, Recommends New Commission; Bankruptcy Inevitable
Corporate Profits Highest In 85 Years, Wages Lowest In 65 Years
Nasdaq marks worst day since November 2011 as biotechs sink
S&P Plunges Back To Negative Year-To-Date
S&P downgrades New Jersey, says state is still struggling
America's Mentally Ill Prisoners Outnumber Hospital Patients, Tenfold
It's a forgone conclusion that U.S. prisons and jails serve as the nation's de facto asylums for a majority of people with serious mental illness. Now comes a report that applies hard numbers to the depressing picture: Ten times as many people with schizophrenia, bipolar disorder, and other acute forms of brain disease reside in prisons and county jails than in state hospitals, according to the Treatment Advocacy Center.
America's Structural Unemployment Crisis in Two Charts
Shrinkflation?! The consumer goods that have down-sized
Construction firms worried about worker shortage
An Iowa City with a Population of 7,000 Will Receive Armored Military Vehicle
Percentage of parents aggravated by kids nearly doubles over decade
GOP Chairman: Let's Get Rid of ALL Donation Limits
Trailer Parks Lure Investors Pursuing Double-Wide Returns
The Revolving Door Spins Again – Former SEC Enforcer to Join Private Equity Giant KKR
General Motors recall to cost $1.3 bn, double the earlier estimate
The Born Again Jobs Scam, Part 2: The Fed's Labor Market Delusion
Yes, stocks are rigged and Fed is the biggest rigger

And finally...
Ten Wild Things You Can 3D Print At Home
Noah screening cancelled due to flooding
Wanted By The FBI: Bank Robber With Perfect Grammar And Spelling


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