Thursday, November 07, 2013


News Links, November 7-8, 2013

## Global Ponzi meltdown/House of Cards ##
Lunatic Howls for Competitive QE Debasement; Another Swan Dive Into Cesspool of Economic Silliness; Following Lemmings Over The Cliff; It's Madness! (Mish)
Those looking for a "hard currency" should consider gold or silver.
SocGen plans 375 job cuts across Europe: union
ECB Unexpectedly Cuts Rate to .25%; Draghi Promises Loose Policy for "Extended Period", "Ready to Consider All Instruments"; What Debasement is Next?
German utility company RWE to cut thousands of more jobs
14 Facts About The Absolutely Crazy Internet Stock Bubble That Could Crash And Burn In 2014
Dow Jones industrial average closes at an all-time high of 15,744; S&P 500 near its own record
Widening a Global Oil Chokepoint (Panama Canal)
Roubini says central bankers have a tough choice: Kill recovery or risk bubbles
Drivers lose 8 working days a year due to traffic
Returns fall as banks struggle to rein in costs: report
Bank of Spain "Discovers" €20.50 Billion in Hidden Non-Performing Loans
How Economic Growth Has Become Anti-Life
10 Years After 'The Party's Over': an interview with Richard Heinberg
Russian economy faces 2 lean decades: Report

## Airline Death Spiral ##
Cramped or comfortable, new airline seats still put the squeeze on fliers
Where Did Airline Fees Come From, and How Did They Get So Bad?
Spirit Airlines Is Considering a New Kind of Checked-Bag Fee
Airfares up 40 per cent and still rising (India)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Plans to Win the Arctic Race
Hakimullah Mehsud: Imran Khan seeks Nato blockade over killing
Commercial unmanned aircraft market may be worth $10 billion
Future Army: Telepresence Battledroids and Smartguns Will Change Warfare Forever
Widow: Forensic Evidence Confirms 'Political Assassination' of Yasser Arafat
Private Protection: Combating the Piracy Threat
Attacks by pirates on oil and gas vessels offshore Africa happen frequently. The latest such incident occurred at the end of October, when two U.S. citizens were kidnapped from an oil supply vessel offshore Nigeria. This kidnapping serves to remind just how dangerous the Gulf of Guinea is becoming for the crews of oil and gas vessels, as well as merchant seamen, with the International Maritime Bureau recording 31 incidents of piracy and armed robbery in the region during the first six months of this year.
Sanctions relief for nuclear concessions: 6 world powers negotiate with Iran
US offers short-term nuclear deal allowing Iran to continue enriching uranium
'We Interrupt This (Anti-Austerity) Broadcast': Police Raid Greece's Occupied TV Station
Kerry warns Israel of troubles ahead if peace talks fail
U.S. Secretary of State John Kerry warned Israel on Thursday that it could face a third Palestinian uprising and deepening international isolation if American-brokered peace negotiations failed.
Off China's coast, U.S. carrier displays teeth behind the pivot
Saudi nuclear weapons 'on order' from Pakistan
Saudi Arabia's Shadow War
Saudi Arabia, having largely abandoned hope that the United States will spearhead international efforts to topple the Assad regime, is embarking on a major new effort to train Syrian rebel forces. And according to three sources with knowledge of the program, Riyadh has enlisted the help of Pakistani instructors to do it.
Japan stations missiles on Pacific gateway island
Pentagon to Spend $10 Billion 'Modernizing' Tactical Nukes

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Anonymous' protesters descend on Buckingham Palace and Parliament Square
Protesters Light 'Bonfire of Austerity' Across UK
Anonymous' 'Million Mask March' protests corruption, corporations
China's Communist Party HQ hit by series of explosions
Witnesses say between four and seven explosions were heard outside a key government installation in Shanxi province on on Wednesday morning causing at least one death and eight injuries
Pre-World Cup event off due to civil unrest (Brazil)
Strike in Greece gives voice to frustration over austerity
Eni CEO: Protestors Pushing for Halt to Libya Gas Exports to Italy
Walmart workers walk off job in Southern California
Protestors demand Toronto mayor Rob Ford resign over crack smoking scandal

## Energy/resources ##
China cuts gas supply to industry as shortages hit
Week-long fuel shortage in Tashkent
Wood Mackenzie: The Energy Industry's Rising Water Challenge
"The key water-driven business risks to the global energy industry include limited accessibility to new sources of supply, delays on project developments, increasing costs and asset downtime," said Tara Schmidt, Manager of Wood Mackenzie's Global Trends Service. Almost all forms of energy production and power generation are dependent on water, and risks vary greatly by fuel type and asset location.
Playing loud pop music boosts output of solar panels by 40%
Chesapeake Energy Sheds Assets, Increases Production, Stock Price Falls
RWE to cut 2,500 jobs in German power generation-source
Colorado an energy battleground as towns ban fracking
Israel drills disputed West Bank oilfield with 3.5B barrels
Northeast Asia LNG prices hit 10-month high before winter sets in: WGI
Liquefied natural gas prices for Northeast Asia rose this week to their highest level in 10 months as buyers sought more supplies before colder weather arrives, according to Energy Intelligence Group.
EU Nations Should Cut Some Wind, Solar Subsidies, Alstom Says
Germany resists EU plans to slash renewable energy subsidies
Utilities in Pain Selling Renewable Assets at Record Rate
Canada could finally get 'world price' for oil after Alberta-B.C. agreement
As Canadian Province Puts Fracking on Hold, Will Others Follow?
Report: Montney Shale Holds 100+ Years of Canadian Gas Consumption
Here we go again. The first question should be: Will any of this be profitable? -- RF
International Shale Oil At Least 5 Years Away, says EOG
This article likewise doesn't discuss cost, profitability, or sustainability. Difficulties are said to be solely "above-ground factors." --RF
Lebanon's gas boom-in-waiting goes into deep freeze
Statoil to Drill Further into the Arctic Next Year

## Got food? ##
Floods to Drought Curbing China Corn Harvest: Commodities
Global food prices rise 1.3 percent in October: FAO
Global food prices rose in October after five months of falls, lifted by a surge in sugar prices and rising cereals and edible oils prices, the United Nations food agency said on Thursday.
Food Price Inflation Reaches Double Digits (Russia)
Food prices continue to rise, say consumers (KSA)
Turning electricity into food
I wouldn't count on this. Without fossil fuels there would be no farm machinery in the first place, and no renewable-energy hardware like wind turbines and solar panels. How can intelligent people overlook something so obvious? Look at the tires on that vehicle. You should see oil. I have to agree with Richard Heinberg: We will need many, many more people farming in the future. -- RF
Growing Fruit in a Nuthouse: Designing Our Orchards for Economic Collapse and Climate-Destabilization
As the industrial economy collapses and the earth's climate destabilizes, we are entering the Age of Consequence.  Agriculture as we have known it will no longer be a given.

## Environment/health ##
Oklahoma Scientist to Test if Fracking Causes Earthquakes
Depression: 'Second biggest cause of disability' in world
Jellyfish taking over oceans, experts warn
Deforestation may hurt U.S. agriculture, affect monsoon cycle
Report: Feminine Care Products Awash in Harmful Chemicals
Fukushima Debris "Island" The Size Of Texas Near US West Coast
China to close schools, stop outdoor activities during heavy smog
Fracking Victim Steve Lipsky's Flaming Water is No Joke
Exploratory Hydrocarbon Drilling Impacts to Arctic Lake Ecosystems

## Intelligence/propaganda/security/internet/cyberwar ##
U.S. power to shape global Web seen undermined by NSA spying
Minority Report Is Here: Screens Scan Your Face, Target Ads
Edward Snowden has done us all a favour – even Barack Obama
Al Gore: Snowden Revealed 'Crimes Against the Constitution'
UK spy chiefs emerge from shadows to blast Edward Snowden
User burnout could threaten Twitter prosperity if members with big followings abandon service
Twitter's 'dark pool': 651 million accounts abandoned
If You Blindly Believe Gov't Claims About Drone Victims, You Are A Sucker
Apple Report: US Sought More Users' Data Than Rest of the World Combined
Inventor of world wide web criticises NSA over privacy breaches
Nasty new malware locks your files forever, unless you pay ransom
Experts warn of vulnerability found in cloud data storage
U.S. spying harms cloud computing, Internet freedom: Wikipedia founder
Special operations may add propaganda websites
The Pentagon may expand its system of propaganda websites aimed at various audiences around the world despite attempts by Congress to kill the program, Special Operations Command documents released Tuesday show.
Silk Road 2.0 Has Been Born…New Website Mocks the Feds
7 Tips For Keeping Cyberswindlers Off Your Computer
Hyping the number of deaths from terrorism

## Systemic breakdown/collapse/unsustainability ##
Must read: The global economy sinks under its debts as the real cost of energy rises
What really matters to the economy is net energy – the relationship between the energy that we access and the energy consumed in the process.
Short, clear, and well-written. Meanwhile, governments keep running their countries into the ground because they refuse to see this. -- RF
Another Step Closer To Economic Armageddon
Stockman: Brace for the mother of all bubbles
Our Era's Definitive Dynamic: Diminishing Returns

## Japan ##
Japan's Unpopular Secrets Bill Could Be Revised, Says Law
Prime Minister Abe Calls for Wage-Price Spiral to Create "Virtuous Circle"; Shame Shame
Key Abe Supporter Loses Faith in Abenomics
Japan Post discloses improper handling of chilled parcels
Recently the same claim was made against a major parcel delivery company. Whatever excuses are given, this is a sign of incipient cold chain breakdown. -- RF
Credit card company JACCS admits lending money to gangs
TEPCO aims for July restart of nuclear plant in Niigata
TEPCO prepares for removal of fuel rods at Fukushima reactor No. 4
Fukushima Watch: Japan Nuclear Facility Cited for Security Failures
Despite reform plan, problems plague Monju reactor operator JAEA
U.S.' National Security Agency also gathered intelligence on Japan
SDF deploys missiles to Okinawa for drill
A Nation Of Beggars: Under Abe, Japanese Households With No Savings Rise To All Time High

## China ##
China Establishes UAV Industrial Base
China's first floating LNG terminal to receive gas in Dec -report
China says air pollution affecting physical, mental health of citizens
Record haze levels slowly killing China's urban residents
Why China may change forever this weekend
China's Soviet-Style Suburbia Heralds Environmental Pain
The pain will be more than environmental. -- RF
Taiyuan explosions caused by homemade bombs
Buyer Beware: A Bleak View Of China From A Tiger Woman On Wall Street

## UK ##
160 sheep stolen from field near Wool, England
iPads banned from Cabinet meetings over surveillance fears
Portsmouth, England's 500-year-old shipyard to close in 2014

## US ##
Colleges incorporate homeland security into their curriculum
How malls plan to keep shoppers safe this holiday
We Are Heading For The Greatest Doctor Shortage In American History
Nation's poor at 49.7M, higher than official rate
The number of poor people in America is 3 million higher than the official count, encompassing 1 in 6 residents due to out-of-pocket medical costs and work-related expenses, according to a revised census measure released Wednesday.
Food Stamp Cuts Spell More Bad News For Shoppers and Retailers
New Mexico man sues police over forced enemas, colonoscopy
Shares of Tesla Motors plunge after company reports battery shortage, disappointing 3Q results
Is Puerto Rico the next Greece? Retirees would pay price
$400,000 worth of walnuts taken from California farm
Dish Network to close all Blockbuster stores, lay off 2,800
Land of the free, home of the brave: Clemency for Torturers, but Not for Edward Snowden
October Mortgage Purchase Applications Collapse To Decade Lows
Professor Kotlikoff: Government Conspiracy to Hide True Debt Burden
Professor Kotlikoff joins the Financial Sense Newshour for an eye-opening interview about the true state of fiscal affairs in this country. He explains how the government uses accounting tricks to hide the truth and keep everyone in the dark about the US's actual debt-load, which runs $205 trillion versus the $17 trillion you often here in the news.
Air Force Chief: Cut Bases, Personnel for Budget Savings
Slowing growth clouds U.S. jobs outlook
Cautious consumers seen curbing U.S. economic growth
U.S. homeownership at 1995 levels despite housing rebound
White House: Shutdown cost government 6.6 million work days; taxpayers cover $2 billion price
Now just imagine the negative impact of future government downsizing and shutdowns. -- RF
How the Super-Rich Are Abandoning America
Student And Car Loans Represent 99% Of All Loans Taken Out In Past Year

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