Tuesday, September 16, 2014

 

News Links, September 16-17, 2014

## Global Ponzi meltdown/House of Cards ##
GLD - Russia, Iran And China Are 'Doomsday Preppers'
UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond
Russian Hot Money Dodges Sanctions, Gushes into Hong Kong, Hits Resistance
Russian fund to aid sanctions-affected companies
Russia Central Bank Responds To Domestic Dollar Shortage, Starts Currency Swaps
Will The Swiss Vote to Get Their Gold Back?
Keynes Was a Failure in Japan – No Need to Embrace Him in Europe
Dubai's Atlantis resort to get $1.4B expansion
This ensures that Dubai's collapse will be even more spectacular. -- RF
Janus Yellen and the Great Transition from Risk-On to Risk-Off
'Excessive Amounts of Capital' Doom Startup Bubble
GM's Opel to cut Russia production as slowdown bites
Anxious Scottish investors buying gold

## Airline Death Spiral ##
Air France strike hits European travel
Air France strike amid Europe's low-cost shakeup
United offers flight attendants $100,000 buyouts
Airlines: Increased stability from mergers worth service cuts
Airbus' New Helmet Helps Corner The Market on Insane Patents
If Airbus has its way, the passengers of tomorrow will be shipped across the globe like giant slabs of meat—albeit well entertained slabs of meat.
European Airline Passengers Want Cheap Fares and Legroom

## Fault lines/flashpoints/powder kegs/military/war drums ##
Arab countries offer airstrikes against Islamic State
Kerry: US open to talks with Iran on Islamic State
As more than two dozen nations pledged Monday to help Iraq fight the Islamic State militants, the United States said it was open to talking to Iran about a role in resolving the crisis, despite Washington's earlier opposition to Tehran even attending the conference.
France begins spy flights to back UK Iraq air campaign
Canada airlifting ammunition to Iraq
Top general: US ground troops possible in Iraq
Iraqi Shi'ite Cleric Sadr Warns US Soldiers Could Be Targeted if They Return
40+ Nations in America's Anti-ISIS Coalition, But Few to Do Anything
The Obama Administration has been desperate over the past few weeks to cobble together a massive "coalition" of nations to fight ISIS, an attempt to convince the American public that the war is not going to be "America's war" to fight alone.
Free Syrian Army Won't Join US Anti-ISIS Coalition
U.S. hits Islamic State south of Baghdad in first strike under new Obama orders
Islamic State shoots down Syrian plane
ISIS Neighbor Turkey Is a Steady Source of New Fighters
NATO Starts 'Rapid Trident' Exercise In Ukraine As Fighting Continues in East
Washington's Bait-And-Switch Manuever Exposed By Arms Flow To Kiev—Truce To End Soon
Ukraine approves historic EU deal, breaking ties with Moscow
Ukraine Grants Limited Self-Rule to Eastern Regions
French Mistral Ship For Russia Starts Sea Trials Despite Suspension Of Delivery
French President François Hollande said last week that France was halting the controversial delivery of a warship to Russia, after an international uproar over giving Russia a sophisticated weapon. But on Saturday, 200 Russian sailors departed the French port of Saint-Nazaire aboard the Mistral-class helicopter carrier, dubbed the Vladivostok, to conduct sea trials on the new ship, according to several news reports.
Record Beheadings and the Mass Arrest of Christians – Is it ISIS? No it's Saudi Arabia
While America's phony politicians and useless mainstream media will often hype anti-Chrtistian bigotry and humanitarian issues when it suits the status quo message, the true driver of U.S. foreign policy can be summarized with two words: CORPORATE PROFITS.
China Maritime Silk Road Proves Boon for Sri Lanka as Xi Arrives
China to invest $100 billion in India over 5 years
Egypt Court Sentences Muslim Brotherhood Chief Mohammed Badie To 25 Years In Prison
Taliban Suicide Bombing Near US Embassy In Kabul Kills At Least 3 NATO Personnel, Injures 13
Look out, Asian pirates: US set to enter the fight

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests erupt in Khartoum over electricity, water outages
Chinese increasingly protest projects that threaten environment
Police fire rubber bullets at Grabouw protesters (South Africa)
Senators Shut Down 'War-Like' Protesters At ISIS Hearing
Pussy Riot Storms Cambridge Police Department Headquarters After Supporter Arrested
The new 'robocops' policing the poor
US police get antiterror training in Israel on privately funded trips
Brazil police, housing activists in violent clash
Pakistani passenger power forces politicians off plane
Passengers on a Pakistan International Airline (PIA) flight from Karachi barred two politicians from boarding the aircraft after the two VIPs delayed the flight by over two hours.
Angry Mob Tosses Ukrainian Politician Into the Trash (+video)

## Energy/resources ##
Power grid groans, blackouts roll through L.A. area as heat wave nears peak
Petrodollar Panic: EU Officials Admit Buying Oil From ISIS
Fracking may put drinking water supply at risk for many countries, study finds
Shell notes strong ties to Russian energy
Nuclear renaissance: Finland puts new nuclear plant plan in doubt
How Hillary Clinton's State Department Sold Fracking to the World
It costs 1.6 cents to make one penny because of the rising price of zinc
The demand for zinc is rising as it appears we're starting to run out of the metal. Some of the world's biggest zinc mines look to be winding down, and Goldman Sachs says production is expected to fall short of demand this year for the first time since 2007.
Companies agree to run gensets (Philippines)
Foreign and local business groups have agreed to switch on their power generation sets to contribute 300 megawatts and help avert rotating blackout in Luzon during the dry months of 2015.
Gas supply crunch forces power cuts in Dhaka
The US shale oil boom is saving the world almost $5 billion a day
No, it isn't. As this blog as documented time after time, the US shale drilling industry is a big loss-maker, to the tune of $110 billion a year. Eventually the shale treadmill will break down, leaving a planet-sized pile of debt that is effectively subsidizing the price of oil (and natural gas). It's a bust, not a boom. -- RF
Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, said on Monday.
One Millionth Barrel Delivered from Arctic Field Offshore Russia
New Sanctions Against Russia Could Deal Big Blow To ExxonMobil
BP To Cut 275 Jobs In Alaska After Oil Field Disposals
Global Energy Trends – BP Statistical Review 2014
Lebanon descends into darkness as EDL's HQ occupation persists

## Got food? ##
Coles, Woolworths in cereal recall over glass fears (Australia)
Australia's two biggest supermarkets have issued an urgent recall of home brand cereals because they may contain pieces of glass.
As U.S. farm cycle turns, tractor makers may suffer longer than farmers
GMO safety, weed control top concerns as U.S. study kicks off
Agriculture experts raised a number of concerns with genetically modified crops, including safety and spreading weed resistance, at the first public meeting of a U.S. government sponsored study of genetically engineered crops held Monday.

## Environment/health ##
Here's how "disruptive innovation" works in nature: a killing-machine fish has colonized reefs from Venezuela to Rhode Island
No rain for decades: Stand by for the 'megadroughts', scientists warn
Climate change is set to unleash a series of decades-long "megadroughts" this century, according to research to be published this week.
Farm workers take drug resistant bacteria home
A new study has found that over half of farm workers who look after animals in industrial hog farms carry home hog-related bacteria in their noses. This is potentially harmful for the farm workers and their families.
Computer Models Tell Us That This Ebola Pandemic Could Soon Kill Millions
UN: Nearly $1 billion needed now to stop Ebola
Obama to announce expanded plan to fight Ebola
US offers to send troops to Ebola-hit West Africa
U.S. troops dispatched to fight Ebola will find an epidemic out of control, UN says
Expect the Unexpected: More 9.0 Megaquakes Are Coming, Study Says
Northern California wildfire devastates town
California fights 12 wildfires; little relief in sight
Dozens of children feared dead after being injected with 'tainted' measles vaccine in Syria
Loosen your belts: U.S. waist sizes keep expanding

## Intelligence/propaganda/security/internet/cyberwar ##
The NSA and GCHQ Campaign Against German Satellite Companies
Gamers use police hoax to lash out at opponents
Why You Should Think Twice Before Using Facebook's Messenger App
Snowden: 'If You Live in New Zealand, You Are Being Watched'
Alongside reporting on new documents, former NSA analyst turned whistleblower calls out nation's prime minister for making "categorically false" statements on mass surveillance
WikiLeaks: Australian Police Spent Millions Spying on Citizens
NSA, UK spy agency have secret access to Deutsche Telekom: Report
Ukraine's 'Romantic' Nazi Storm Troopers
The U.S. mainstream media's deeply biased coverage of the Ukraine crisis – endlessly portraying the U.S.-backed  coup regime in Kiev as "the good guys" – reached a new level of absurdity over the weekend as the Washington Post excused the appearance of Swastikas and other Nazi symbols among a Ukrainian government militia as "romantic."
The FBI Unveils its Controversial Facial Recognition Database with 52 Million Photos to be Stored
Tim Cook says US Government still hasn't gotten privacy right
KILL THE MESSENGER - Official Trailer

## Systemic breakdown/collapse/unsustainability ##
The World's Two Scariest Charts: More Guns, Less Brains
Are we on the path of 'Limits to Growth'?
Schools worse now than when Gonski wrote report
The Australian education system is in worse shape now than when David Gonski handed down his damning assessment of it three years ago, with academic performance sliding and the gap between advantaged and disadvantaged students widening.

## Japan ##
Nissan faces battery plant cuts as electric car hopes fade
Safety worries cloud Japan dream of carbon-free hydrogen society
Japan Moves to Limit Bedbound Elderly On Feeding Tubes
About a quarter-million Japanese elderly live on feeding tubes. Faced with a heavy public debt burden, Japan is trying to curtail growth in a 38.5 trillion yen ($376 billion) annual health bill by releasing patients from hospitals faster.
Japan: Apocalypse Now or Apocalypse Later?
Pioneer to cut 2,000 jobs in bid to restructure
Japan's plutonium stockpile jumps to 47 tons in 2013
Number of Elderly Workers at Record High
The Maglev and Helium (in Japanese)
This article details the growing worldwide shortage of helium, which is needed to cool the maglev's superconducting electromagnets, noting the difficulty that will be experienced in getting sufficient quantities at an affordable price. In passing, it reminds the reader that just one year ago the former president (and current chairman) of the JR East train company stated in a press conference that the maglev "will never be profitable." But everyone is hot to build it, anyway. Of course, even if the project is started, it will never be finished. -- RF
10 more infected with dengue fever

## China ##
China says 'rescues' more children from Xinjiang religious schools
Sinopec to sell $17.5 bln retail stake in privatisation push
'Energy Delta' becomes victim of China's coal price slump
The "Energy Delta," previously dubbed an economic miracle, has now been overshadowed by the drop in housing prices, population outflows and loan problems, reports the Guangzhou-based 21st Century Business Herald.
Chinese millionaires plan to leave in droves: Report
Why China's Latest Mini-Stimulus Failed Again, In One Chart
The single, buried statistic that explains China's slowdown (Hint: cement production)
Lurking Beneath China's Weak August Numbers: Even "Official" 2nd Half GDP Could Drop Below 5%
China August FDI falls to lowest in at least two-and-a-half years
China Launches CNY500 Billion In "Stealth QE"

## UK ##
Meet the 'Endies' – city dwellers who are too poor to have fun
A generation to miss out on owning homes
Phones 4u administration: Over 5,000 jobs at risk
Birmingham city council leader warns of 'ticking timebomb' of financial cuts

## US ##
Poor Americans carry a record level of debt leverage
Subprime economics and leveraging the poor into a treadmill of continual poverty.
American Poor And Middle Class Aren't Seeing Economic Recovery Yet — Census Bureau Report
One In Seven American Women Lived In Poverty Last Year
US wealth gap putting the squeeze on state revenue
The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's.
The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
High Cost of Housing Forcing Elderly Americans to Cut Back on Food and Healthcare: Study
Housing Bubble II: Deja Vu, Again
Campus police acquiring surplus military gear
The militarization of police extends to college campuses, as campus police forces acquire surplus armored vehicles, assault rifles and other equipment from the Pentagon.
Industrial Output Drops as Automakers Adjust Plans: Economy
What It Looks Like When The Second Auto Subprime Bubble Pops
Sears Is Running Out of Options Fast
Radio Shack considers bankruptcy
Unseen Toll: Wages of Millions Seized to Pay Past Debts
Arizona Republican vice chairman calls for sterilizing poor women
The vice chairman of the Arizona Republican Party has resigned after advocating the forced sterilization of female welfare recipients on his weekly radio program.
Trump Plaza: 4th Atlantic City casino shutdown
One in 10 Americans' paychecks get docked to pay off debts
Half of lower class Americans literally can't afford to sleep


Sunday, September 14, 2014

 

News Links, September 13-15, 2014

## Global Ponzi meltdown/House of Cards ##
EC Fiscal Farce Continues: Burying Itself In Debt, France Postpones Budget Targets For 4th Straight Year
Harsh Austerity Sends Italian, Spanish Debt To Record Highs
Undeclared War on Russia; Solidarity by Force; Ruble Falls to Record Low; Sanctions Target Private Companies
Europe Is Doing Everything It Can to Avoid a Self-Inflicted Energy Crisis
EU Seeks Billions Of Euros To Revive Moribund Economy
Collapsing Russian Car Sales Hit GM, Ford, Toyota, VW
End Of Empire - The 'De-Dollarization' Chart That China And Russia Are Banking On
China Industrial Growth Slows, Power Generation Negative 1st Time in 4 Years; Stimulate Now, Crash Later
Undeclared work increased with the economic crisis (EU)
Eurocrats Go Full Keynesian Retard: Seeking Ways To Borrow Hundreds Of Billions W/0 Adding To Debt!
Europe Folds To Russian Demands, Delays Ukraine Free Trade Deal By Over A Year
The death spiral of capitalism
No less than six sovereign borrowers are now paying negative nominal interest rates on their 2-year borrowing in euros. In other words, they are making money by going into debt. In real terms, medium-term U.S. TIPS and British index-linked gilts have had negative interest rates for several years. Contrary to the views of the happy Keynesians around us, this is very dangerous indeed. If negative interest rates were to persist, the world's stock of capital would eventually disappear. Without capital, we'd be back up the trees.
In an Unstable World, War-Zone Insurance Soars
Humans Need Not Apply – How Robots Will Take Over the Economy
Just one thing: It takes a lot of energy to power all those robots. -- RF
Wall Street At Work Aggravating Risk—-Would You Like Some Leverage On Them Junk Bonds!
Marc Faber's new warning + why you'll be lucky to only lose 50% of your money
Will it take 30 years or 300 years for poor countries to catch up to rich ones?
What will actually happen is that developed countries will collapse, which will do far more to bring about parity than growth on the part of developing economies. -- RF
Dubai hotels record worst month in 18yrs
The bigger they are... Dubai on track to become 'centre of the world'
Reinsurers flock to Monte Carlo as market storm brews

## Airline Death Spiral ##
Europe's Big Airlines No Longer Want to Fly in Europe
The biggest airlines across Europe are finding it tricky to make money in their own backyards.
Ebola outbreak blamed for over $2bn airline losses
As Air Accidents Rise, Will Aviation Insurance Premiums Follow Suit?
The rise in accidents has set the bills soaring for aviation insurers, with firms looking at annual losses worth $2 billion this year.
Canada's airports want to join the big leagues — but are government fees holding them back?
Airlines add fees to print boarding passes, escort young fliers
Europe's Big Airlines on Strike
Shortage of pilots becomes a problem for some US states

## Fault lines/flashpoints/powder kegs/military/war drums ##
Libya Closer To Failed-State Status, Ushering In Possible ISIS, Jihadist Haven
Report On ISIS Shows It's Very Good At Moving Stolen US Weapons Between Iraq And Syria
Kerry opposes Iran role in anti-Islamic State coalition
Scahill: ISIS Disaster Has Failed 'War on Terrorism' Blowback Written All Over it
Islamic State Bombs Iraq Oil Refinery as U.S. Hardens Stance
Isis air strikes: Obama's plan condemned by Syria, Russia and Iran
European Nations Donate Weapons to Kurdish Fighters
US Bypasses Security Council on Impending Invasion of Syria
Australia answers US call to fight Islamic State
Arab states 'offer help with air strikes' against Islamic State
NATO countries have begun arms deliveries to Ukraine: defense minister
Ukraine's defense minister said on Sunday that NATO countries were delivering weapons to his country to equip it to fight pro-Russian separatists and "stop" Russian President Vladimir Putin.
Russia, China court India for regional bloc
China on track to develop Indian railways as Xi heads to South Asia
Piracy in the South China Sea: Petty Theft in Indonesia, Kidnapped Ships in Malaysia
While most associate piracy with hijacked ships and abandoned crews around Somalia, the area with the most pirate attacks in recent years has been the South China Sea.
Qatar Buckles Under Pressure From Saudi Arabia, UAE; Expels Muslim Brotherhood Leaders
Shocking footage of Australian police in riot gear removing children at 'gunpoint'
Independence movement for northern Italy getting "boost" from upcoming Scotland vote: party leader
Shanghai Cooperation Organization - new regional and global power
Asia arms up to counter growing Chinese might

## Global unrest/mob rule/angry people/torches and pitchforks ##
Debt-ridden Spain to spend €1mn on riot gear
Catalans protest over independence on National Day
Tense stand-off in Pakistani capital as political crisis deepens
Hundreds of workers on strike at Lear Corp. plant
Hundreds of workers protesting what some are calling fast-food-like wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago.
Russia Sends Second Humanitarian Convoy Into Ukraine, And Nobody Says A Word
Dutch stage tomato fight against Russian sanctions
Hong Kong Democracy Activists Stage 'Black Cloth' Protest Over Limitations On Elections

## Energy/resources ##
Aquino wants emergency powers to solve power crisis (Philippines)
National Grid fears electricity shortage for winter (UK)
"Fantasy" of Fuel From Corn Waste Gets Big U.S. Test
The Countries Most at Risk from Declining Oil Prices
In short, high prices are needed to finance the economies of oil-dependent countries, and to cover the escalating costs of producing oil. Prices must stay high to stave off unrest, and to keep the world supplied with oil. -- RF
Gazprom Says Kiev Should Blame Warsaw For Gas Supply Cut
The High Cost Of Renewables
I believe we may soon discover that a lack of dependability in our electricity supplies, that results in blackouts, will carry a very high cost for society and the economy.
Nuclear energy tops Russia, Iran agenda
Russia's Gazprom may boost 2014 investments to 1 trillion roubles - source
French court keeps government cap on power prices for now
French electricity prices will remain capped for now, after the country's highest administrative court ruled against a group of power producers that had appealed against the limit.
IEA again cuts forecasts for oil demand
Propane still difficult to secure (US)
Will Kyrgyzstan's Winter Be a Blackout Again?
Fresh sanctions will freeze big foreign oil projects in Russia
S.Africa's Eskom to raise more debt, get state equity injection
Scotland bets on North Sea oil, even as the wells start to run dry
The dark side looms in India over coal

## Infrastructure scavenging ##
Metal thieves strike a Norfolk church a week for six weeks
Thieves attempt to take copper wire from radio tower
Farmers battle copper thieves
Thieves Target Copper Wire on Utility Poles

## Got food? ##
World has less than 10 weeks of food stocks left
THERE is less than 10 weeks supply of food in stock on the planet as extreme weather has reduced global food production in recent years despite soaring demand.
Fecal matter, mold and more found on Foster Farms chickens
Cargill fires first shot in legal battle over GMO trade responsibility
Cargill Inc's [CARG.UL] lawsuit against Syngenta AG (SYNN.VX) over rejections of genetically modified U.S. corn by China may be just the start of legal challenges against global seed makers over trade with one of the world's biggest markets.

## Lifestyle Solutions ##
The Hidden Value of Gardens
The Revenge of the Circulating Fan
'Build It with Bales' Offers Instruction on Building Straw Bale Homes

## Environment/health ##
Fracking or drinking water? That may become the choice
Fracking for oil and natural gas—or having enough water to drink. That's the possible dilemma facing a number of countries including the United States, according to a new report released by the World Resources Institute last week—though experts disagree on the real implications of the report and what should be done about it.
Gladiators: NFL says 3 in 10 ex-players face Alzheimer's, dementia
INFLUENCE GAME: Chemical trade tries to shape regs
The powerful chemical industry is putting its lobbying muscle behind legislation that would establish standards for chemicals used in products from household goods to cellphones and plastic water bottles - but also make it tougher for states to enact their own regulations.
Responders Totally Unprepared for Tar Sands Spill in Great Lakes
Enterovirus 68 now sickening children in Northeast
Monarch Butterfly's Numbers Fly Dangerously Low
As Ebola cases accelerate, Liberia's sick must fend for themselves.
Ebola Pandemic Unlikely, Experts Say, But Other Threats Loom
Ebola: Liberia, Sierra Leone and Guinea Hit by Lack of Doctors and Aid
A week on from flood, 150,000 still stranded in Indian Kashmir

## Intelligence/propaganda/security/internet/cyberwar ##
Terror risk high: Tony Abbott announces increase in National Terrorism Public Alert System (Australia)
U.S. threatened massive fine to force Yahoo to release data
Israel intelligence reservists say they'll no longer spy on Palestinians
More than two dozen reservists from the Israeli army's elite intelligence-gathering unit have sent a public letter to Prime Minister Benjamin Netanyahu and the army chief of staff declaring their refusal to serve on intelligence missions against Palestinians.
Spy court renews NSA metadata program
Samsung accuses rival LG exec of vandalizing washing machines
Citi, Deutsche Bank, Bank Of America Were Channels For Sending Drug Money To Colombia, Court Filing Shows
The NSA will now map out the entire Internet
Japan to use facial recognition technology at automated airport immigration gates

## Systemic breakdown/collapse/unsustainability ##
New Health Policy Brief: Drug Shortages
Today, newly reported drug shortages overall are decreasing, but the total amount of drug shortages continues to increase, reflecting just how long it can take to rectify a shortage. Generic sterile injectable drugs, a vital component for patients fighting cancer, combatting an infection, or about to undergo surgery, are in especially short supply.
Only Germany is holding together as separatists threaten to rip Europe apart
Aging Infrastructure Causes Constant Water Main Breaks
Why New York is crumbling

## Japan ##
Why The Tribulations Of Abenomics Is Important: Its A Grand Scale Failure Of Keynesian Stimulus In Real Time
Japan drives rates below zero in bid to fuel its long-moribund economy
Solar, wind power proposed as way to refill hydrogen stations
It won't amount to a hill of beans. -- RF
Young workers using less of their lunch money after first tax hike
Dengue fever outbreak shows no signs of ending
Power output drops for 5th straight month
Japanese government urged to delay sales tax rise
Elderly account for record 25.9 percent of Japanese population
Number of Zushi beachgoers takes dive in summer as new regulations hit
The number of people visiting beaches in the Shonan area of Zushi, Kanagawa Prefecture, plunged by 50 percent during the summer beach season ending Aug. 31 compared with last year, as beachgoers and beach huts faced tough new restrictions including a crackdown on alcohol and music.

## China ##
China taking steady steps toward Indian Ocean sea lane
China is steadily advancing efforts to create a sea lane through the Indian Ocean by actively investing in port facilities of South Asian countries.
High-speed rail boom in China spawns network of ghost towns
China's development of a high-speed rail network has significantly boosted economic development along its lines; many of the new towns have yet to attract residents, however.
China's Island Factory
New islands are being made in the disputed South China Sea by the might of the Chinese state.
China Daily: "Western Sanctions Will Make Moscow Back The Chinese Yuan Against The Dollar"
China inflation data show economy losing momentum
China urges central Asian neighbors to step up extremism fight
China August Factory Growth Falls Near 6-Year Low: Calls Louder For More Stimulus
China Aug power output falls for first time in 4 years, steel largely flat
China's housing market pulling down growth
China Travel Warning To The Philippines; Manila Ensures Chinese Citizens Safety

## UK ##
Fuel theft on the rise again
Thousands of drivers across the West Midlands drove off without paying for their petrol over the past year, new figures reveal.
'Endies': Employed with No Disposable Income are struggling in London
Centre for London report says a million workers can hardly make ends meet and feel politically disenchanted
Investors pull $27bn out of UK in one month amid fears of Scotland's exit – report

## US ##
America's Poor, Deeper in Debt Than Ever
American credit-card debt hits a post-recession high
Stores start Christmas shopping frenzy early
August Retail Sales: Post-Winter Bounce Fading Fast
Retail Sales: Empty Stores And Quiet Checkouts Belie Washington's Seasonally Maladjusted Numbers
How the Government Deceives us on Inflation, as Rents and Housing Costs Soar
Obama's ISIS War is Not Only Illegal, it Makes George W. Bush Look Like a Constitutional Scholar
What If the Easy Money Is Now on the Bear Side?
Outsourcing Special Ops: $2.5 Billion a Year Industry
High school girl describes moments when 3 officers pinned her at school
Super-rich make last stand against California drought
Not One Drop: How Long Will California Survive Life Without Water?
Public School Police Receive Mine-Resistant Ambush Protected Vehicle
Millennials Blamed for Sagging Home Sales in California
Parking meters become deposit boxes for the homeless
Fed economists: America's missing workers are not coming back
Obama Will Fight ISIS With George W. Bush's Legal Theories
John Yoo: "Obama has adopted the same view of war powers as the Bush administration."
Dishing Up International Law a la Carte
Official Washington honors international law when it's politically useful, such as in condemning a global adversary, but then dismisses it as useless if it gets in the way of some desired U.S. action.
Taking an exit from the labor force
Over the last ten years 16 million Americans have dropped out of the labor force.
Mysterious Men Dropping From Helicopters To Chop Down NorCal Marijuana Grows
U.S. Inspector: Billions in failed programs wasted in Afghanistan
Contractors Ready to Cash In On ISIS War
Obama pledged that the war against ISIS won't be fought with U.S. ground troops. He didn't say anything about contractors, who see this as "the next big meal ticket."
Sales of electrified vehicles stall in U.S.
Cost of Detroit's bankruptcy reaches $126 million

And finally...
Egypt issues stamps to mark new Suez Canal - but uses pictures of Panama Canal
Journalists Are Largest Drinkers of Coffee


Thursday, September 11, 2014

 

News Links, September 11-12, 2014

## Global Ponzi meltdown/House of Cards ##
Deutsche Bank: The Bubble Must Go On To Sustain The "Current Global Financial System"
Italy set for zero growth in 2014: PM Renzi
France admits it will miss 2015 deficit target
Pew Research Center Poll: Economic Anxiety Grips Both The Developing And Emerging World
Substantial job 'gaps' are threatening the recovery
Iron Ore Prices Plunge To 5-Year Low, Take Leveraged Australian Miner
Plunging iron ore prices have dealt their first blow in Australia, sending fledgling miner Western Desert Resources Ltd into administration after it failed to reach a deal with bankers over its debt.
Odds of Venezuelan Default Within 5 Years Hits 63%; Investors Realize Venezuela May Run Out of Money
World Growth vs. Copper with 3-Month Lag; Iron Sinks to 5-Year Low; US Will Not Decouple
Goldman Declares The "End Of The Iron Age"
What Petrodollar: Russia, China To Create SWIFT Alternative
Economic growth forecasts cut for Ebola-hit West African nations
Why Has Classical Capitalism Devolved to Crony-Capitalism?
Marc Faber: McDonald's tells us why the market will collapse
After default, Argentina economy falling into deeper hole
Bankers To Conjure Profits From Sub-Zero Yields: Central Bank Distortions Go Full Retard
BRICS creation of the New Development Bank called a landmark achievement
Ferrari to Boost Production to Keep Pace With Super Rich 
Masters of the Universe Head for Exits

## Airline Death Spiral ##
Regional airlines not sharing in majors' success
Tokyu, Macquarie Said to Plan Bid for Northeastern Japan Airport
Cheap flight tickets fail to curb SAS losses: airline
Air France-KLM details plans for cost cuts
Airlines Create Rush Hours, Crowds and Full Flights
Monarch Airlines plans to cut pay and pension benefits
Lufthansa cancels 140 flights in pilots' strike
Air Rage: Why Does Flying Make People So Crazy?
US security checks could be based at British airports
US security officials could be based at British airports to grill passengers before they fly to America, it has emerged. The UK and US are discussing the possibility of allowing so-called "preclearance" checks on British soil for transatlantic flights.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Discord greets Iraq's 'unity government;' Kurds boycott
In reversal, Obama to expand campaign against militants, orders Syria strikes
No end in sight for America's Mideast war duties
UK forces plan three new bases in Middle East to fight Isis
Blast in northern Syria kills most leaders of largest Islamist rebel group
Kerry: U.S. troops might deploy to Iraq if 'something very dramatic changes'
Retraining Iraq's fractured army: Will it work this time?
Neocons Revive Syria 'Regime Change' Plan
China, Russia to build seaport: report
After Gaza War, One-Third of Israelis Consider Emigrating
Libyan parliament takes refuge in Greek car ferry
Elyros liner is deployed as floating hotel for legislature that has fled war-torn capital for eastern town of Tobruk
Obama and His Head-Chopping Friends
Ukraine Admits Resurgent Separatists Extend Control All The Way To Sea Of Azov
Russia Fires Nuclear Missile, Hits Target 3,500 Miles Away
Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With China
Fishing for Trout With Rope and Mashed Potatoes; Mentality of Jackasses; Gas Pains
The EU stepped up its sanctions today after forcing all the ducks in line with the position of president Obama. Russia immediately responded in kind with actions on cars, clothes, and energy.
Despite economic fears, EU sanctions Russia again
'Guam killer' missile inadvertently revealed in China: report

## Global unrest/mob rule/angry people/torches and pitchforks ##
Michael Brown Protesters Arrested Amid Attempted Highway Shutdown

## Energy/resources ##
Rats Start to Leave the Fracking Ship
German and Polish gas operators report lower supply from Russia
Venezuela in dilemma over hiking world's cheapest fuel
Worst time for Saudi Arabia's giant new oil refinery
Parts of Darwin hit by power blackout due to gas pipeline problem
People in Darwin are being hit by rolling power blackouts sweeping across the city due to a gas pipeline problem.
High demand for firewood in Minnesota
Jason McCullough, co-owner of Pinnacle, said some smaller suppliers could run out of firewood this winter if there was another shortage of propane. Last year, McCullough said, the high cost of propane also drove many propane customers to turn to firewood for home heating.
Why Are Exports of Thermal Coal Down 56%?
Some companies profit as Brazil struggles to secure power
Ukraine govt says needs additional 5 bcm of gas for winter
Poland says getting half as much gas from Russia as it wants
Oil demand growth slowing at 'remarkable' pace -West energy agency
World oil demand growth is softening at a remarkable pace as the European and Chinese economies falter, the West's energy watchdog said on Thursday, while supplies grow steadily, particularly from North America.

## Got food? ##
Tax Breaks May Turn San Francisco's Vacant Lots Into Urban Farms
California rice farmer: Drought may make us 'quit'
Global food trade may not meet future demands, warn researchers
Why The U.S. Chills Its Eggs And Most Of The World Doesn't
Organic Coffee Threatened by Global Warming-Stoked Fungus

## Environment/health ##
A "dead zone" the size of Texas will threaten the livelihoods of 120 million people
U.N. Carbon Dioxide Report Holds Ominous Prediction for Oceans' Acidity
Enterovirus EV-D68: All About The Respiratory Illness Affecting Hundreds Of US Children
Alzheimer's linked with meds for anxiety and sleep
Research Shows Frightening Correlation Between Fracking and Rates of Illness
The environmental costs could potentially be greater than the billions of dollars a year that shale drillers are losing. -- RF
Energy Company Told Employees Toxic Coal Waste was Safe to Eat
Enterovirus Likely to Spread Through Schools, Experts Say
Goodbye, Summer: Record Snowfall Hits South Dakota
Glacial Death Watch: Why an Ice Shelf Snapped in 2002 and What's Coming Next
Scientists: Strong solar storm heading to Earth

## Intelligence/propaganda/security/internet/cyberwar ##
US Army Activates Its First Cyber Protection Brigade
The Era Of Widespread Biometric Indentification And Microchip Implants Is Here
Don't blind me, bro! New 'non-lethal' police weapon isn't easy on the eyes
Lifetime war: Cheney: 'Our President Must Understand That We Are At War'
Scaremonger Central: Congresswoman Ileana Ros-Lehtinen: "I'm Glad People Have This 9/11 Mentality Again"
Drones with cameras: A billion-dollar business?
5 million Gmail passwords leaked: Is yours one of them?
Tomorrow's cities - what happens when lights go out?
9/11 After 13 years
The author observes, as I did on January 31, 2012, that there was no dialysis machine in the home where OBL supposedly lived in secret. There were also no drugs for people suffering from kidney failure. Further, the story was obviously concocted by big-city people who have never lived in a village society, where it is impossible to live in secret. But this is just one of many cockamamie stories fabricated by the Ministry of Propaganda. -- RF
VIDEO: What Mother Jones Saw Before Being Kicked Out Of The SWAT Convention
Never Forget … Countries from Around the World Admit They Use False Flag Terror
The American fear-mongering machine is about to scare us back into war again
DHS: No Intel on ISIS Attacks Inside US

## Systemic breakdown/collapse/unsustainability ##
In Bankrupt Detroit, Nature Reclaims Debris Mounds on Vacant Land
Some trash heaps soar to two stories and sprout 30-foot (9-meter) trees.
National shortage of bladder cancer drug BCG affects N.S. patients
Road rage, air rage: a common cause?
Toyota recalling 130,000 Tundras for air-bag issue

## Japan ##
Japan's Nuclear Regulator Gives Final Safety Approval To Two Reactors At Kyushu's Sendai Plant
BOJ drives rates below zero, stepping up aggressive easing
Late Fukushima manager flagged risks of Japan's big nuclear plants
The late manager of Japan's destroyed Fukushima plant questioned the safety of large nuclear facilities, documents showed on Thursday, potentially affecting the debate over the restart of the world's biggest nuclear power station.
JAEA facility in Ibaraki suffers radioactive water leak
No. of dengue fever cases stands at 104 in 15 prefectures
Japan, U.S. discussing offensive military capability for Tokyo
Japan and the United States are exploring the possibility of Tokyo acquiring offensive weapons that would allow Japan to project power far beyond its borders, Japanese officials said, a move that would likely infuriate China.
Putin may delay Japan visit over Tokyo's Ukraine sanctions
42 months on, over 240,000 still living as evacuees
Some 246,000 people are still living as evacuees three and a half years after eastern Japan was hit by a 9.0-magnitude earthquake and huge tsunami on March 11, 2011.
More than 90,000 still living in makeshift housing as buildings deteriorate
McDonald's Japan sales plunge 25% in Aug., biggest fall since 2001
93% of Japanese view China badly
With no plans, designated waste sits by farms
Most radioactive-contaminated materials being kept at temporary storage sites in Fukushima and nearby prefectures still have nowhere to go.

## China ##
How the China Boom Unravels: One Person at a Time
Quenching Beijing's thirst may stunt regional growth
'Unrest will hit Hong Kong economy'
China May Soon Go the Way of Japan, Says Merrill Lynch
China is weaker than it appears and "may be entering into an asset-deflation phase" like Japan's, says a report today by two analysts at Bank of America Merrill Lynch.
'People's War' on Terrorism in China Turns Lucrative With One Million Yuan Rewards
Officials in Urumqi, stung by two deadly attacks this year against civilians in the northwestern Chinese city, are offering cash rewards of up to 1 million yuan ($163,000) for anyone who tips off local authorities about suspicious activity linked to terrorism and religious extremism.
53% of Chinese Expect War With Japan

## UK ##
Low income and high housing costs leave millions facing losing their home
Britain to deliver arms, ammunition to northern Iraq
Power plant construction programme 'may prove expensive and unnecessary'
Public might have underwrite £359m annual cost if ministers do not put more emphasis on reducing electricity demand, MPs say

## US ##
Developer selling NYC parking spaces for $1M each
The thriving cronyism of the stock market
81 percent of stock market wealth held in the hands by 10 percent of the population. Housing also being snatched from middle class families.
Student Debt And Default Weighing On More Senior Citizens: GAO Report
Missouri Inmate Earl Ringo Jr. Executed Despite Appeals, Death Marks State's Eighth Execution In 2014
U.S. Could Fall Short in Response to Pandemic Disease, Audit Finds
The Department of Homeland Security cannot ensure it has enough medical gear or antiviral drugs to respond to a pandemic disease like Ebola, the agency's inspector general warns in a new audit.
Arrests Form Financial Bedrock Across St. Louis County Towns
The lifeblood of the tiny St. Louis suburb of Beverly Hills is lawbreakers, whose traffic fines account for more than half the annual revenue. In nearby St. Ann, 39 percent of the general-fund budget comes from court fines and fees.
Long-term unemployed still at record levels
Nationwide truck driver shortage felt in Colorado
Industry wants to hire 30,000 drivers to replace lost drivers
'Wealth Effect' Kicks in: Luxury Homes Are Hot, Rest of Housing Market Gets Hosed
Protecting America's power grid: Calls for action
New Michael Brown witnesses: Cop 'just kept shooting'
Teacher to 6th-graders: Compare Hitler, George W. Bush
Cop To Cameraman: 'If You're Invoking Your Rights, You Must Be Doing Something Wrong'
Best democracy money can buy: Meet The Puppetmasters: Here Are The 25 Most Politically Influential Billionaires In The US
RadioShack, almost out of cash, seeks a lifeline
Florida's Huge Foreclose Rate Grows as National Rate Jumps 7%
DHS wants $1.2B to cover cost of migrant surge
Here's What's Becoming Of America's Dead Shopping Malls
New York Says It's Time To Flip The Switch On Its Power Grid
Nothing about cost here, but you can bet that overhauling the grid wouldn't come cheap. It's unlikely to be built. And a national "smart grid" almost certainly won't happen. -- RF
Top 10 US-Backed Atrocities and Authoritarian Regimes (video)
"Million-Dollar Parking Spots" – Peak Stupidity has Arrived in Manhattan
What's Draining American Wallets? (In One Interactive Chart)


Wednesday, September 10, 2014

 

News Links, September 9-10, 2014

## Global Ponzi meltdown/House of Cards ##
Tsunami of sovereign funds threatens world markets, say investors
With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilize the world economy.
World Bank warns of global jobs crisis
The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.
Japanese Economy Contracts Bigger than Expected 7.1% in 2nd Quarter; Really Bad Theories
Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status
Australia Gives Up on Australia as Investment Dwindles
Australia's biggest companies are giving up on growth. Investment by businesses in the benchmark stock index will probably slip below rising dividend payouts within two years, according to data compiled by Bloomberg.
Dreams on hold, Brazil's 'new middle class' turns on Rousseff
Rising Prices Are The Biggest Economic Concern In Most Countries: Pew Poll
Dot Com Bubble 2.0—–Lunacy By The Numbers
Russia's Response To European Capital Sanctions In One Word
EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas and Airspace Flight Restrictions
Chart: The trillion dollars the global economy loses every year to corruption
The fall of Rome? Italy's fears that corporate-sponsored restoration projects will lead to the Disneyfication of its cultural heritage
Dubai Ruler Approves $32B Plan To Make Al Maktoum International Into World's Largest Airport
Dubai's $6.8bn Mall of the World to start construction in Q1 2015
The crash of Dubai will be as spectacular as its current glitz. -- RF
Barclays says has cut 2,700 investment bank jobs this year
Study: Big business may employ more psychopaths than thought
"Perhaps businesses do need people who have the same characteristics as psychopaths, such as ruthlessness."
Shadow economy: Bulgaria is the EU's gold medalist
EBay's PayPal Unit to Start Accepting Bitcoin Payments
Chart Of The Day: McDonalds Has Worst Month In A Decade

## Airline Death Spiral ##
Hundreds of Flights Cut at U.S. Airports As Pilot Shortage Worsens
American airports, both large and small, have suffered major cuts in service ranging from 10 percent to nearly 81 percent as airlines have been forced to cancel flights in part due to the growing pilot shortage.
AirAsia CEO: Budget carrier eyes pilot training facility in Japan
AirAsia Group CEO Tony Fernandes told The Asahi Shimbun in an interview here Sept. 8 that he is giving the matter serious consideration, given its potential to relieve a pilot shortage that plagues low-cost carriers in Japan and elsewhere in Asia.
Russia threatens to shut its skies to the West
Ryanair buys 100 Boeing 737 MAX jets, sees fare price war
Luton Airport evacuated over suspicious package
Malaysia Airlines problems run far deeper than the crashes
Bereavement fares disappearing from many airlines
Airlines have never been better at making certain your flight is full
Mass Transit Requires Etiquette. Can We Handle It?
It's time to get used to packed-in people movers.
Air India pilots warn of exodus over pay cut, backlog
Lufthansa pilots to strike at Munich airport on Wednesday: union
Air rage isn't our fault: 7 ways the airlines are pitting us against each other
Qantas growing passenger numbers don't increase revenue
A lot has been written about Qantas' FY 2014 losses of AU$2.8 bn but no analysis was done by the main stream media how the timeline of  these losses are connected to the peaking of global crude oil production.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Abu Qatada, Firebrand Islamist Cleric, Condemns Killing Of Journalists By ISIS
Islamic State launch gunboat attack on river-side town
Iraqi parliament approves new government headed by Haider al-Abadi
US Contractors Will Replace 'Boots on the Ground' in Iraq
Hagel Meets Turkish Leaders To Discuss Fight Against Islamic State
Leader And Dozens Of Members Of ISIS Syrian Rival Killed In Suicide Bomb Attack
Susan Rice seeks China cooperation against Islamic State as Beijing visit ends
Sidestepping Ukraine's 'N-Word' for Nazi
Ukraine Crisis: Death Toll Above 3,000 As Sporadic Shelling Threatens Cease-Fire
Russian military plane circles HMCS Toronto in Black Sea
China to send 700 combat troops to S. Sudan: official
Iran Stiffens Resolve to Elude Sanctions in Face of Latest U.S. Penalties
The Hypocrisy of Israel's Nukes
CIA 'tortured al-Qaeda suspects close to the point of death by drowning them in water-filled baths'
Homemade Tank Powered by Game Boy Fights Wars of Future
With 1.5 million people a week migrating to cities -- mostly in the developing world -- the new battlefields will be slum-ridden yet wired megalopolises such as Lagos and Mumbai, where insurgents and crime bosses can exploit technology to control lawless rings of territory.
Concern growing in Australia over plan to buy Japanese submarines

## Global unrest/mob rule/angry people/torches and pitchforks ##
Blast In Chile Is 29th Bomb This Year, But Perpetrators Remain Mysterious
Protesters demonstrate against police brutality at First Friday in downtown Phoenix
NATO 2014: 100 Protesters Fight Against Britain's 'Biggest Ever Security Operation'
Yemen Protests: Houthi Rebels Killed In Clashes With Government Forces
Turkey snubs possible energy deals with Israel after Gaza offensive
One Month Later: Michael Brown's Family Calls For Arrest
Are You Ready to 'Disrupt'? Climate Movement Readies Global Mobilization

## Energy/resources ##
Slim pickings: Drillers Piling Up More Debt Than Oil Hunting Fortunes in Shale
Companies are paying a steep price for the gains. Like Halcon, most are spending money faster than they make it, an average of $1.17 for every dollar earned in the 12 months ended on June 30. Only seven of the U.S.-listed firms in Bloomberg Intelligence's E&P index made more money in that time than it cost them to keep drilling... These companies are plugging cash shortfalls with junk-rated debt. They owed $190.2 billion at the end of June, up from $140.2 billion at the end of 2011.
Yemen's main oil pipeline attacked, pumping halted
Iran-Iraq gas pipeline completed
Iranian natural gas is reaching an Iraqi power plant though a now-completed cross-border pipeline, an Iraqi official said.
Oil companies bring staff back to Iraq
Go for it! Arctic drilling is inevitable: if we don't find oil in the ice, then Russia will
Born in 2010 - How much is left for me?
Egyptian Blackout Hits Steel, Utilities, Transportation
Another power unit stops production in NTPC Ramagundam (India)
Acute shortage of coal supply from the Singareni Collieries Company Limited forced a second 200 MW unit to stop production on Tuesday.
Iran, Russia embrace over energy
Market Spotlight: Winter Propane Supplies, September 7, 2014 (US)
This year, a bumper corn crop has farmers wondering if they'll have enough propane to power their grain dryers.
Nuclear renaissance: Official statement says it could be years before New Mexico nuclear waste dump fully reopens
Nuclear renaissance: Britain's nuclear clean-up bill to soar by billions 'because of Government incompetence'

## Got food? ##
GMOs: Why no labeling in the United States?
Why (most) US farmers aren't feeling so confident
Agriculture producer confidence in the U.S. has fallen to its lowest level in four years, according to a survey released Monday.  
Endless War in the Fertile Crescent: How Modern Crises Threaten Ancient Food Supply
Milk Costs Most Ever to Signal Higher Prices for Pizza
Milk futures rose to a record as exports by the U.S. climbed amid shrinking inventories of cheese and butter, signaling higher costs for pizza and pastries.
We Must Degrow the 'Corporate Food Regime': Food Sovereignty Advocate

## Environment/health ##
Heavy monsoon downpours kill 128 people in Pakistan, 108 in India as more rain expected
Kashmir Floods: Death Toll Climbs to 420, Thousands Trapped on Roofs
Ebola scare prompts temporary lockdown at Hilton Hotel in Saint John, N.B.
Obama: U.S. military to provide equipment, resources to battle Ebola epidemic in Africa
WHO: Liberia will see thousands of new Ebola cases
Serious respiratory illness hits hundreds of kids (US)
Record rainfall swamps Southwest (US)
Bad News for Obama: Fracking May Be Worse Than Burning Coal
Hundreds of bird species at risk due to climate change
An Energy-Related Reason Why US Healthcare Outcomes are Awful
US Obesity Rates Exceed 20% in Every State; Care to Supersize That?
UN says CO2 pollution levels at annual record high

## Intelligence/propaganda/security/internet/cyberwar ##
The New Terahertz Night Vision Can See Through Walls, Skin
Business ponerology: Spooky Business: Corporate Espionage Against Nonprofit Organizations (PDF)
A Closer Look: A second layer of security online
'Undetectable' Peter Pan computer virus threatens UK businesses
Corruption Is the Price of Empire: The buying of America's thinktanks
Murky Special Ops Have Become Corporate Bonanza, Says Report
The U.S. government is paying private contractors billions of dollars to support secretive military units with drones, surveillance technology, and "psychological operations," according to new research.
Seeing No Neo-Nazi Militias in Ukraine
FBI's Story of Finding Silk Road's Server Sounds a Lot Like Hacking
US air marshal attacked with syringe at Lagos Airport, raising fears of Ebola infection
Internet Slowdown Protest: Net Neutrality Fight Goes Beyond Symbolic Loading Icons Wednesday
NATO rattles cybersabers—but experts have doubts
The Western world's central military alliance last week took a hard line against cyberwarfare, saying that a cyberattack against  any one of its members could draw a military response from the whole group. But experts say such a retaliation is easier for the North Atlantic Treaty Organization to talk about than to actually pull off.

## Systemic breakdown/collapse/unsustainability ##
GM's China JV recalls 38,328 Cadillacs on brake software glitch

## Japan ##
Japan says economy contracted 7.1 percent in 2Q
The Wrath of Abenomics Crushes Japanese Consumers, Eviscerates Economy
Bad News Piles up for Japan's Economy
Bank of Japan Buys Government Debt at Negative Yield
Half of single-mother households in Japan below poverty line, among worst in OECD rankings
Japan to expand continental shelf
McDonald's Japan sales plunge 25% in Aug., biggest fall since 2001
Two of Abe's new picks deny neo-Nazi links
Two newly-promoted Japanese politicians moved Monday to distance themselves from allegations of extremism after pictures emerged of them posing alongside the leader of a domestic neo-Nazi party.
Demographic crisis empties out Japan's rural areas
Tokyo wards spray pesticide as dengue infection spreads
Development around Tokyo Bay explodes in anticipation of 2020 Summer Olympics

## China ##
The China Boom Story: Alibaba and the 40 Thieves
Chinese authorities kill almost 5,000 dogs in one city after five people die from rabies
China saving billions on low oil prices
China's President Xi to make first visit to India
China's housing market is on the brink of collapse. Should Australia be worried?
With oil under $100, China trader books world's largest ship to store crude

## UK ##
The 117 per cent rail fare rise now arriving
Britain facing literacy crisis which will leave nearly 1.5 million 11-year-olds unable to read properly by 2025
U.K.'s Big Banks Cut Lending by $595 Billion, KPMG Says
Rising number of young adults live with parents 'for easy life'
Britain to Send Machine Guns and Ammunition to Iraqi Army, Kurds

## US ##
Preparing To Asset-strip Local Government? The Fed's Bizarre New Rules
Muni bonds fund the nation's critical infrastructure, and they are subject to the whims of the market: as demand goes down, interest rates must be raised to attract buyers. State and local governments could find themselves in the position of cash-strapped Eurozone states, subject to crippling interest rates.
If The Economy Is Recovering, Why Is The Labor Force Participation Rate At A 36 Year Low?
STILL 1.4 Million Fewer Full-Time Jobs than in 2008
It won't be long before US debt is out of control
Small Business Ownership In America Is At An All-Time Low
New Jersey's Debt is Downgraded by Fitch as Chris Christie Funnels Pension Money to Private Equity and Hedge Funds
America Can't Pay for Its Wars, Analysis Says
Police intelligence targets cash
After Toledo water scare, states ask EPA for help
Respiratory virus making children sick in Colorado
Kentucky Man Arrested for "Terroristic Threatening" After Posting Song Lyrics to Facebook
Trump Entertainment files for bankruptcy again ahead of Taj Mahal closing
Even Harvard Business Grads Recognize Unsustainable Nature of Rampant US Inequality
Analysis: Rich in Congress get richer
Big Box Retail's Non-Recovery: Weak Consumer Incomes Plus Inflationary Prices= Sinking Volumes At The Checkout
Consumer Credit Surges Most In Three Years
If you like living beyond your means, you can keep on living beyind your means. US Consumer credit grew by over $26 billion in July - smashing expectations of $17.35bn - and rising by the most since 2011. As usual, the leap was led by non-revolving credit (rising $20.6 billion) as auto and student loans continue to surge.
Americans don't just work longer hours—they also work stranger hours
1 in 6 California construction jobs part of underground economy, study finds
Nixon's Vindication (Ron Paul)
Forty years ago many Americans celebrated the demise of the imperial presidency with the resignation of Richard Nixon. Today it is clear they celebrated too soon. Nixon's view of presidential powers, summed up in his infamous statement that, "when the president does it that means it is not illegal," is embraced by the majority of the political class. In fact, the last two presidents have abused their power in ways that would have made Nixon blush.
Gas tax woes: Roads may crumble as people go green
Propane dealers try to head off another winter shortage with more storage, contracts
The price of learning from expensive books
The cost of educational books has soared by 150 percent since 2000 while the cost of recreational books has fallen.
IRS needs to acknowledge the freelance economy
Real estate: Big money investors pull out of California dramatically


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