Sunday, January 19, 2014


News Links, January 18-20, 2014

## Global Ponzi meltdown/House of Cards ##
Canada Housing Bubble: Far Too Late for Warnings
Good Timing! Financial Times Affirms the Canadian Real-Estate Bust
Delinquencies and Defaults in Spain Hit 13%, a 50-Year Record
Capital Controls Ratcheting Up Worldwide
Greece Will Default in May Without Another Bailout or Change in Terms
Thailand's Goverment Says the Crisis Is Indeed Hammering the Economy
The China Luxury Downturn Is Real - Global Luxury Brands Must Adjust
Intel to reduce global workforce by five percent in 2014
Why the West sells gold and China buys it
Downtown Dubai rents rise by up to 100% in 2013
Time to leave GDP behind: eco-economists support activists' dreams
Spectacular Gold Demand (79 Tons) on SGE in Week 2, 2014
Why is Germany harassing the U.S. government about gold?
Physical Gold Shortage Goes Mainstream
China, Japan Boost U.S. Bond Buying to Record Highs
Demand Should Contain Pace of Rise in Bond Yields, Keeping U.S. Borrowing Costs in Check
World Economic Forum warns of dangers in growing inequality

## Airline Death Spiral ##
Jet Airways, SpiceJet may swing to loss in Q3
Air fares rose 2% in 2013
Dreamliner maintenance delays flight in Poland
Air travel woes have passengers calling for U.S.-style disclosure (Canada)
Airport delay costing Air Berlin, says vice chairman

## Fault lines/flashpoints/powder kegs/military/war drums ##
Taliban attack against Afghan restaurant kills 16 people, including foreigners
Africa grows in importance for defense companies
Indonesia bristles over 'deplorable' Australian sea incursions
Indonesia will increase maritime patrols after what it called deplorable territorial violations by Australia's navy as it tried to turn back asylum seekers, worsening an already bitter dispute between the two neighbors over the issue.
Russia steps up military lifeline to Syria's Assad - sources
Two explosions hit capital of Russia's southern republic of Dagestan
Iraq 'taking action' against Turkey
Iraq is reported to be preparing legal action against the Ankara government over Kurdish exports of allegedly "smuggled" oil via a new pipeline to Turkey and has also vowed to punish foreign companies.
Maliki Wants Arms, US Troops for Training
Iraq announces offensive against al-Qaida militants controlling parts of provincial capital
Libyan planes attack unruly militias in south, army on alert
China has no-clash policy in place for Japan
China's top leaders officially agreed last year to prevent a military clash with Japan and any interference from the United States regarding the bitter sovereignty dispute over the Senkaku Islands in the East China Sea, sources close to them said Saturday.
China building second aircraft carrier at Dalian yard: official

## Global unrest/mob rule/angry people/torches and pitchforks ##
Pile of dung dumped outside French National Assembly
Renegade Mexicans refuse orders to give up
Armed vigilantes who have taken control of territory in lawless Michoacán state to keep out vicious drug cartels refused to give up their guns in a standoff with government soldiers.
Vigilantes reclaim another town in western Mexico
Thailand crisis: Blast targets Bangkok protest rally
Thai protesters march on, defiant after grenade attack
28 hurt in attack at Bangkok anti-govt rally
Spain austerity: Spending protest grips city of Burgos
At least four killed in clashes across Egypt
Ukraine's President Approves Anti-Protest Law
Ukraine anti-government protests escalate into intense street battles with police
Turkish police fire water cannon at rally against 'Internet censorship' law
Anti-China Protesters Gather in Vietnam's Capital
Platinum Mines Face Biggest Strike Since Deadly '12 Clash

## Energy/resources ##
5 Ways To Play The End Of The Natural Gas Renaissance
Whether or not you intend to make money from the shale gas bust, this is interesting. -- RF
Natural Gas Squeeze? "Panic hasn't ensued just yet"
Norway's Arctic Dreams are Shattered by Rising Costs and Taxes
California Water Crisis May Head off Potential Oil Boom
Royal Dutch Shell issues profit warning
Kazakh field, Klymene, said to hold 422 million barrels of oil
Wow! That will supply the world for a whole five days! -- RF
Coming 'oil glut' may push global economy into deflation
That's not the half of it. As I've pointed out before, a substantial drop in oil prices will make many oil projects unprofitable, so although there might be a glut at first, the shutdown of money-losing projects would constrain supply and bring prices back up again. One cannot underestimate the shock this roller-coaster ride will cause to the moribund world economy. -- RF
Turkmen president announces an end to unlimited free gas supply for citizens
Turkmenistan's president said Saturday his government will begin installing gas meters in households, ending the unlimited supply of free gas to citizens in the energy-rich Central Asian nation.
Mexico Oil: The Union and Cartel Threat
Suez Canal, energy lifeline, seen vulnerable to jihadist attack
Egypt's military has stepped up security along the Suez Canal, a vital oil shipping artery that's one of the world's most strategically important waterways, to protect it from attack amid a swelling jihadist insurgency in the Sinai Peninsula.
German minister plans prompt cut to renewable energy tariffs

## Got food? ##
Farm Ministers Say World Faces 'Immense Challenges' to Feed All
Efforts to rid the world of hunger face "immense challenges" as farmers deal with resource scarcity, climate change and loss of soil fertility, agriculture ministers from 65 countries said.
With California's strong nut market, thieves see chance to steal the crops by truckloads
The soaring value of California's nut crops is attracting a new breed of thieves who have been making off with the pricey commodities by the truckload, recalling images of cattle rustlers of bygone days.
Extreme Weather Wreaking Havoc on Food as Farmers Suffer
'Agent Orange Corn': Biotech Companies Are Waging a Chemical Arms Race on Our Food Supply
Germany Finds Mad Cow Disease in Bovine in First Case Since 2009

## Environment/health ##
Dutch to cut output from huge Groningen gas field
The Netherlands will cut gas production at Groningen, the largest gas field in western Europe, by about a quarter over the next three years, the Economics Ministry said on Friday, bowing to public concerns over earth tremors in the area.
War on smoking: More diseases linked to cigarettes
Fires rage as drought ravages California
California governor declares drought emergency
Australian fires turn deadly as heatwave scorches
Worst year ever for SA rhino poaching
Chemical spill in West Virginia only latest, most high-profile case of coal tainting US waters
The chemical spill that contaminated water for hundreds of thousands in West Virginia was only the latest and most high-profile case of coal sullying the nation's waters. For decades, chemicals and waste from the coal industry have tainted hundreds of waterways and groundwater supplies, spoiling private wells, shutting down fishing and rendering streams virtually lifeless, according to an Associated Press analysis of federal environmental data.
Is our Sun falling silent?
Report: 1 million Sydney homes at risk of wildfires
Noise is No. 1 quality of life complaint in NYC
America's Number One Prescription Sleep Aid Could Trigger 'Zombies,' Murder and Other Disturbing Behavior
New human H7N9 case in Fujian (China)

## Intelligence/propaganda/security/internet/cyberwar ##
License To Scan: Vt. Police Stored Millions Of Plate Readings Last Year
Depressed? Soon your computer could know before your therapist
Infographic: How the Government Exaggerated the Successes of NSA Surveillance
Electrical engineering lost 35,000 jobs last year
What Do You Do If Your Refrigerator Begins Sending Malicious Emails?
The thing about , which describes the near future in which all our devices and appliances are connected to the Internet — and one another — is that suddenly they're vulnerable to the dark side of constant connectivity, too. Cybersecurity folks point out it "opens a Pandora's Box of security and privacy risks that cannot be ignored," writes Christophe Fabre, CEO of software services vendor.
Smart Appliances Used In Cyber Attacks
As smart-home devices grow, so do questions of security, privacy
Analysts: Credit Card Hacking Goes Much Further Than Target
Thieves tweaked 'off-the-shelf' malware for Target data heist, security firm says
'The Americans Lied': Trans-Atlantic 'No-Spy' Deal on the Rocks
Tech industry group calls Obama's NSA speech 'thoughtful, but insufficient'
Google's Internet of Things Now Includes Your Body
A disaster in the making: 95% of ATMs still run Windows XP
Cyber-Criminals Turn to Big U.S. Web Hosts to Spread Malware

## Systemic breakdown/collapse/unsustainability ##
Study: More than 5,800 Natural Gas Leaks Discovered Under D.C.
A Glimpse into the Coming Collapse
Unsustainable Sydney: cost of using M2 toll-way grows 4 times faster than traffic

## Japan ##
Demand For Coal Just Doubled in Tokyo
Japan Oil Buyers to Return to Private Insurance for Iran Imports
Tepco May Spend 2.67 Trillion Yen to Expand Beyond Fukushima
Hosokawa to pledge 'immediate zero-nuclear' policy in Tokyo election
Former Prime Minister Morihiro Hosokawa is poised to pledge an immediate breakaway from nuclear power as part of his election promises in the upcoming Tokyo gubernatorial race, it has been learned.
Hokkaido city to file lawsuit to stop nuclear plant construction
Nintendo now projects 25 bil. yen loss for FY 2013 on weak sales
Water leak spotted in reactor 3, Tepco says
Conspiracy law in the works, Japan tells FATF
The Japanese government told an international body last summer that it intends to enact a law that will allow it to crack down on anyone even slightly involved in a terrorist plot, sources said.

## China ##
China's oil use growth slows to 1.7% in 2013
China's Left-Behind Kids Bear Adult Burdens
In some of China's poorest regions, millions of adults have fled their villages in search of work, leaving behind young children who must fend for themselves.
China Beige Book: 'Credit Transmission Is Broken'
Although China's economic prospects strengthened in the fourth quarter, the credit landscape remains largely bleak as many borrowers are shut off from bank credit and many new loans are made to roll over old ones, according to a survey of businesses here.
Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default
Rich Chinese continue to flee China
China Home Prices Advance as Guangzhou, Shenzhen Jump 20%
New-home prices in China's cities defined by the government as first tier rose more than 15 percent last month, led by Guangzhou and Shenzhen in the south, as local property curbs failed to deter buyers.
Real-Time Data Show Just How Bad China's Industrial Pollution Is
China's public servants face austere Lunar New Year
China's 2013 New Home Sales to Exceed $1 Trillion, Record High

## UK ##
Police to be issued with new scanners which can instantly call up motorists' licences in road-side checks

## US ##
What Recovery? Sears And J.C. Penney Are DYING
Bargain Hunting in U.S. Spreads Christmas Coal to UPS
The list of U.S. companies that didn't get what they wanted for Christmas is growing.
Economy shows signs of sputtering
Why you can't "bootstrap" yourself out of poverty
Up to 48,000 Afghan, Iraq vets homeless
Company blamed for chemical spill that tainted drinking water in W.Va. files for bankruptcy
Why Are Dozens Of High Ranking Officers Being Purged From The U.S. Military?
Refuting The Biggest "Recovery" Lies In Four Simple Charts
850,000 may have $90 less in food stamps
Some states look at reviving firing squads amid shortage of execution drugs
"One of the reasons I chose firing squad, as opposed to any other form of execution, is because frankly, it's one of the cheapest for the state," Burns, a Republican from Sheridan County, told The Associated Press this week.
The Crisis in Pensions and Retirement Plans (infographic)
1 In 20 US Households Has Over A Million In Assets: This Is Where They Are
Alert declared after fire breaks out at Harris Nuclear Power Plant
Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California

And finally...
Dirtiest man in the world smokes animal feces and hasn't bathed in 60 years
Iranian news agency reports US has been run by Nazi space aliens since 1945
Given the irrational actions of the US government, this is likely correct. -- RF

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