Sunday, October 20, 2013


News Links, October 19-21, 2013

## Global Ponzi meltdown/House of Cards ##
Total US Debt Soars Over $17 Trillion
Spanish Bad Loans Soar To New Record High
U.S. Shutdown, China Slowdown to Slam the Markets in January
Fault Lines Fracture Rebalanced World Economy: Cutting Research
Here are some sure signs that your retirement is going to be bleak (Canada)
Interview With George Soros: 'Greece Can Never Pay Back Its Debt'
As U.S. averts default, Japan and China brace for next dollar drama
The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation
Thumbs down: Chinese rating agency downgrades US
Insight: Europe's bold vision hits trouble
Barely a year after European leaders set out an ambitious vision for the euro zone's future, progress has all but stalled and pressure is building for what may amount to a 'make or break' moment for the union.
China Leads Campaign To Replace The U.S. Dollar As Reserve Currency
Desperation Outweighs Dangers For Europe-Bound Migrants
Bundesbank head warns Merkel on increased state spending: report
25 Largest Shopping Malls In The World
Spain's economic crash brings architecture dreams back to earth
As Brazil's Batista falters, Rio dream does too

## Airline Death Spiral ##
Zagreb seeks strategic partner for Croatia Airlines
Croatia's government on Thursday invited investors to bid for up to 49 percent in Croatia Airlines, with the funds from the strategic partner to be injected into the loss-making company.
Why are no-frills airlines so cheap?
Citing weak demand, Boeing slows 747 production; hoping freighter demand grows next year
Three global Gulf carriers may be 'too much' - aviation boss
As Dubai, Abu Dhabi and Doha launch multi-billion dollar expansion plans, a senior executive at one of the world's largest aviation alliances warned the Gulf may not be able to sustain three globally focused aviation hubs.
The Italian government is pumping even more cash into its ailing carrier
Airport user numbers drop as Air NZ fares rise
Europe's regional airports
Europe is peppered with over 450 airports, mostly small and loss-making.
Airport outlook: Is the future of flight in Fort Collins losing altitude?
Cost of Berlin's new airport soaring, board member says

## Fault lines/flashpoints/powder kegs/military/war drums ##
95,000 people 'enslaved' in Gulf states, says charity
A total of 95,411 people living in the region are "enslaved", a majority of which are in Saudi Arabia (57,504), noted the index which ranked 162 countries on the number living in slavery, the risk of enslavement, and the strength of government responses to combating the illegal activity.
India charges 33 aboard armed U.S. 'anti-piracy' ship
India has charged 33 men aboard an armed ship operated by a U.S. maritime security firm for failing to produce papers authorizing it to carry weapons in Indian waters, police said on Saturday, a move that could trigger diplomatic tensions.
Indian mini drones deployed to patrol Chinese border
Egypt's Crackdown On Islamists Spreads To Mosques, Charities
9 Signs That China Is Making A Move Against The U.S. Dollar
Pakistan: US Drones Killed at Least 400 Civilians
Remember: Drones Hardly Ever Kill Bad Guys!
Senators Vow to Defy Obama on Iran Sanctions
World talks with Iran expose signs of early rift between US and Israel
US to use Romanian air base for Afghan pullout
Iran's nuclear resolve fueled by Iraq's chemical assault in war
Not mentioned in this article is that Saddam Hussein's Iraq served as America's attack dog. -- RF
Iraqi officials: Suicide bombing at cafe in Baghdad neighborhood kills 35, wounds 45
Oil supplies will play key role in conflict: US report
Oil and fuel supplies would put "significant constraints" on both China and Taiwan in case of an air war between the two countries, a new report published by the US Council on Foreign Relations said.
U.S. Fighter Jet Bid With Brazil In Jeopardy As Russia Muscles Into Deal Amid NSA Controversy
400,000 expats flee Saudi in 2012
As ties warm, U.S. restarts security assistance to Pakistan
Saudi Act Of Protest Stuns U.N., And Some Observers

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests in Rome turn violent as demonstrators attack economy ministry
Protests Sweep Canada Following Paramilitary Assault on Indigenous Fracking Blockade
Anti-fracking protesters threaten reporter, seize news vehicle and camera
Thousands march for Mursi across Egypt; policeman killed in Sinai
Italy: Strike, Nationwide Protests Against Latest Austerity Budget
Thousands protest in Romania against shale gas, gold mine
Thousands rally against Portuguese austerity

## Energy/resources ##
U.S. has 'overfracked and overdrilled,' Shell director says
The United States' oil and gas industry has "over-fracked and over-drilled", according to Matthias Bichsel, projects and technology director at Royal Dutch Shell Plc… "We only talk about the Bakken, Eagle Ford, and the Permian in West Texas, and the Marcellus — we never talk about the basins that have not worked," said Mr. Bichsel, a geologist by training. "We have some areas that are simply not as good as others."
Must read: The numbers don't add up to U.S. energy independence
Libyan Oil Production Struggles to Restart
European Economic Stability Threatened By Renewable Energy Subsidies
The stability of Europe's electricity generation is at risk from the warped market structure caused by skyrocketing renewable energy subsidies that have swarmed across the continent over the last decade.
India to induce coal supply shortage?
Brazil troops to guard controversial Libra oil auction
German SPD urges quick action to rein in rising energy costs
Nigeria's booming oil theft racket costs $1B a month
Royal Dutch Shell is selling off four of its onshore Nigerian oil blocks because of the constant theft of large volumes oil from its pipelines, officials said.
Foreigners look to Iran oil bonanza
Peter Voser, chief executive of oil and gas giant Royal Dutch Shell, said during a press conference in London on October 1 that opening up Iran's energy sector to international companies is vital to meeting the world's energy needs. "Longer term, Iran's oil and gas resources will have to be developed to meet demand," he said.
Hyderabad to ward off autumn chill with 3-hr power cuts (India)
Fuel shortage imminent over N200bn debt, 4th quarter allocation delay (Nigeria)
Fireball Hits Sky as Train Carrying Crude Oil, Gas Derails
Russia to follow Europe in mass oil refinery closures
Several Russian refineries are likely to shut in a few years, mirroring the current European crisis in which dozens of plants closed as they failed to compete with modern rivals in Asia and the Middle East, one of Russia's top industry players said.
Russia lets China in on East Siberia oil

## Got food? ##
Dehydrating food with a solar food dryer
Raisin the bar: Chocolate's ingredients get harder to come by
Fishing industry in crisis (KSA)
Fish prices jump 35 percent in Jeddah (KSA)
Sardine fishery collapse affects economy, ecology (Canada)
A $32-million commercial fishery has inexplicably and completely collapsed this year on the B.C. coast. The sardine seine fleet has gone home after failing to catch a single fish. And the commercial disappearance of the small schooling fish is having repercussions all the way up the food chain to threatened humpback whales.
Food price jumps risk growth as global outlook dims
Chinese grain imports to strain world food supply - expert
GMO corn crop trials suspended in Mexico
7 horrifying truths about your chicken dinner
Processed poultry contains antibiotic-resistant strains of salmonella, e. coli and arsenic -- and that's the start
Can't Make Enough Food? Make Fewer People
Wheat prices rise to highest level since June

## Lifestyle Solutions ##
The Future Is Cockroaches: Hacking, Mass-Producing, and Eating the World's Vilest Insect
Young adults say technology can be dehumanizing: poll

## Environment/health ##
AP Investigation: Argentines blame birth defects, cancer, on agrochemicals for biotech crops
Greece In Panic Mode May Allow Building on Environmentally Protected Areas
European waters polluted with nitrates
Mexico to tax junk food for revenue and health
Polio cases in Syria spark alarm over rise in diseases including flesh-eating parasites due to civil war

## Intelligence/propaganda/security/internet/cyberwar ##
In cyberarms race, North Korea emerging as a power, not a pushover
Turkey denies blowing cover of Israeli spy ring in Iran
Belgium's Belgacom investigates new hacking attempt
Ship trackers 'vulnerable to hacking', experts warn
Weaknesses in outdated systems could allow attackers to make ships disappear from tracking systems - or even make it look like a large fleet was incoming.
500,000 Americans' IDs, bank data stolen and sold on Internet, indictment says
EU set to pass data privacy law amid NSA surveillance scandal

## Systemic breakdown/collapse/unsustainability ##
System Failure: US Democracy Is Nearing its Limits
The Coming New Barbarism
Geosciences Students Defend Earth (Tad Patzek)
Top Economic Advisers Forecast War and Unrest
Growth is Obsolete
Caxton: Goodbye To The Self-Sustaining Recovery

## Japan ##
Corporate Japan to hunker down and save gains from tax cut: Reuters poll
More than 40 percent of Japanese companies surveyed have no plans to spend or invest funds generated by an expected cut in the corporate tax rate, a reflection of the deep-seated risk-aversion in corporate Japan and a challenge to the success of Abenomics.
As noted before, Japanese private citizens and businesses generally believe in having a strong cash position. -- RF
Fukushima groundwater radiation spikes near tank
Japan goes on gas, coal power building spree to fill nuclear void
Job hunt stressing students, making them suicidal: poll
Tormented by the difficulty of landing a position and unfair practices by prospective employers, 1 in 5 college students contemplate suicide during the job-hunting process, a poll of 122 students conducted in July by the nonprofit group Lifelink found.
Decontamination in Fukushima municipalities may take 3 years longer to complete
Meet Japan's 'liquidators,' the depressed, radiated workers who make $60 a day to dismantle Fukushima
Whether Tepco fails or not, it's taxpayers' tab
The ongoing crisis has created more than 140,000 wandering "nuclear refugees," has stripped farmers and fishermen of their livelihoods, and continues to expose hundreds of plant workers to daily health risks as they battle to contain the radioactive water accumulating in leaky storage tanks and pipes and flowing into the ocean as groundwater, as well as other hazards.
Japan to shoot down foreign drones that invade its airspace
'Abenomics' a pipe dream: professor

## China ##
China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault
China's Third-Quarter Growth May Be as Good as It Gets
Beijing to introduce traffic restrictions to curb high air pollution
China's Shale Gas Ambitions Still Face Massive Hurdles
Bitcoin Now Used by "the Google of China"
All Chinese journalists ordered to censor supportive stances toward Japan

## UK ##
'Go Home' vans could be introduced across Britain, says immigration minister
Jeremy Hunt to tell UK families they should follow example of people in Asia
Health secretary says families should take in elderly relatives when they can no longer live alone as they do in Asian cultures
The desirability of filial piety notwithstanding, what's really going on here is that Britain is helping drive another nail into the coffin of the nuclear family, a hallmark of industrial society. With pension systems and senior citizen healthcare systems falling apart around the world, people increasingly find it necessary to take in their elderly parents. Another nail in the coffin is the inability of young people to find jobs, leave the nest, and set up their own households. So their kids too are living at home. And voila! — we have multigenerational households. Keep your eye on major institutional changes like this, which signal the crumbling of industrial society. -- RF
Prisons now over 99 per cent full - official
Elderly robbed by their own relatives: Family carers are abusing their legal powers and stealing their relations' assets

## US ##
Study finds more seniors sticking with jobs
4 in 5 in USA face near-poverty, no work
33 Stats That Prove That SOMETHING Desperately Needs To Be Done About The National Debt
Fed Balance Sheet Getting Closer and Closer to $4 Trillion
Chicago Marathon featured warrantless bag searches along 26-mile track, unprecedented security
Corporate Disease: Workers Are A Cost Not A Productive Resource
Are States Addicted To Revenue From Unclaimed Property?
Pretty scary reading. What's next? -- RF
S&P 500 pushes further into record territory on strong earnings from GE, Google, others
The Difficult Escape from Student Loan Debt-Serfdom
In my analysis, the self-reinforcing dynamics of neocolonial and neofeudal financialization are the key forces of debt-serfdom. The most blatant example of neofeudal debt-serfdom is the vast student loan industry which has burdened college students with over $1 trillion in debt that cannot be discharged by conventional legal means--for example, bankruptcy.
You see? It is just as I have repeatedly said: A neofeudal system is developing. -- RF
The Carlyle Group's Latest Investment…Trailer Parks
In neo-feudalistic America, always, always go long serfdom.
Families With Kids Go Homeless as U.S. Rents Exceed Pay: Economy
Bank of America Merrill Lynch slashes first quarter GDP growth forecast
FBI investigates possible water supply threat in Wichita, Kansas
The continuing expansion of renters in the United States. A permanent generational shift.
Fighting fires with aging tankers from another era
Many of the tankers used by the Forest Service are retired military aircraft that are costly to maintain and dangerous to fly. Wings break off, engines catch fire and parts must be scrounged.
Local opposition rises against Calif. high-speed rail as engineering begins in Central Valley
The obsession with high speed is doomed because of net energy decline. Slow rail is the future. -- RF
"Bubblicious" High End Flipping Up 350%, Overall Flipping Down 13%
Wal-mart takes on Amazon in battle for engineers

And finally…
Dick Cheney had heart device partially disabled to thwart terrorists
Former Vice President Dick Cheney has revealed that he once feared that terrorists could use the electrical device that had been implanted near his heart to kill him and had his doctor disable its wireless function.
I'm speechless. -- RF
Windsor city staff rush in with trimming shears to fix 'phallic' shaped bush
Gator hangs out in front of Walmart store

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