Friday, January 03, 2014


News Links, January 3-4, 2014

## Global Ponzi meltdown/House of Cards ##
China gold chief confirms gold price suppression by U.S.
Physical Gold Demand Soared As Gold Price Tumbled In 2013
"Rich Will Keep Getting Richer In 2014" - In 2013, Top 300 Billionaires Added Half A Trillion In Net Worth
World's 300 Richest People Now Worth $3.7 Trillion
£2m: average pay award for JP Morgan's top staff in 2012 revealed
Spain growth seen 'sluggish at best' post-bailout
Bank of Finland Warns Debt Level Poised to Double: Nordic Credit
The Bank of Finland is warning that the euro area's best-rated economy risks sliding down a path that could see its debt burden rival Italy's.
Spain's largest bank is in trouble
IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high
Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper
Martin Armstrong Warns Europeans Of The Coming Expropriation Of 10% Of Everyone's Accounts
Panama Canal builders threaten halt to expansion
How NAFTA Helped The Mexican Billionaires' Club
French borrowing costs rising at 'worrying' rate
Digital music sales decline for first time in 2013
Decline in German car sales accelerated in 2013: KBA
Smart machines could cost tech industry millions of IT jobs
Unemployed in Europe Hobbled by Lack of Technology Skills

## Airline Death Spiral ##
Aviation: Big airlines to fight for a pie in the sky (India)
ONTARIO: More cuts expected for airport in 2014
The number of flights at Ontario International Airport will plunge steeply in the first three months of 2014. Airlines have announced they will reduce scheduled seats by 7.2 percent this month, by 11.2 percent next month and by 6.1 percent in March, according to a recent report to the Ontario International Airport Authority.
Spirit Airlines Says Happy New Year, Hikes Baggage Fees

## Fault lines/flashpoints/powder kegs/military/war drums ##
South Sudan declares state of emergency
Chinese officers told Japan about expanded air defense zone in 2010
Iraq militants 'still control parts of western cities'
Israel Tests Long-Range Missile Shield With Eyes On Syria, Lebanon, And Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
Cambodian troops in riot gear break up factory strike
'Kerry, You Coward!': Palestinians Protest Arrival of US Envoy in Occupied West Bank
Egypt unrest: 11 deaths at Muslim Brotherhood protests
Protests Anticipated, Brazil Establishes Special Riot Force For World Cup

## Energy/resources ##
Must read: For U.S. Drillers, the Days of Easy Money End
Since 2008, deep-pocketed foreign investors have subsidized the U.S. energy boom, as oil and gas companies spent far more money on leasing and drilling than they made selling crude and natural gas. But the rivers of foreign cash are running dry for U.S. drillers. In 2013, international companies spent $3.4 billion for stakes in U.S. shale-rock formations, less than half of what they invested in 2012 and a tenth of their spending in 2011.
Well, surprise surprise! Investors are getting sick and tired of subsidizing junk energy, and they're running for the exits. Which is exactly what energy-savvy people have been saying all along. Here is the reality behind all the hoopla and hype about the "shale revolution." -- RF
After train fires, feds warn Bakken oil may be more flammable than traditional forms of oil
Following a string of explosive accidents, federal officials said Thursday that crude oil being shipped by rail from the Northern Plains across the U.S. and Canada may be more flammable than traditional forms of oil.
Shares Of Bakken Oil Producers Plunge After US Warning
Shares of Whiting Petroleum Corp , Continental Resources Inc and other top crude oil producers in the Bakken shale formation plunged on Thursday after the U.S. government said oil produced there may be extra flammable.
Prospects Grim for Libyan Oil Recovery
Is This Another Step In the Offshore Revolution?
The only reason for an offshore "revolution" is desperation. It's the same as the "Mexican oil revolution." -- RF
Gazprom Hits Record Gas Exports to Europe
Crippled Kashagan oil project a bureaucratic "nightmare"
There's a reason why Kashagan is known as "Cash Is Gone." Billions of dollars have been pumped into the ground, but almost nothing has been pumped out. -- RF
S.Korea regulator approves restart of 3 reactors
Draining Indonesia Oil Fields Raise Import Need: Southeast Asia
Kurdistan Oil Flow to Turkey Begins, Exports Await Iraqi Consent

## Got food? ##
Government could eliminate restrictions on corn, soybean seeds modified to resist weed killer
The federal government on Friday proposed eliminating restrictions on the use of corn and soybean seeds genetically engineered to resist a common weed killer, a move welcomed by many farmers but feared by scientists and environmentalists who worry it could invite growers to use more chemicals.
Pollution Threatens China's Food Security
General Mills Starts Making Some Cheerios Without GMOs
Coming to a Field Near You: 'Agent Orange Corn'?
Despite widespread opposition from food safety, environmental and watchdog groups, as well as health professionals and concerned consumers, the USDA has paved the way for the commercial use of genetically engineered crops dubbed "Agent Orange" corn and soybeans.
Companies ditching genetically modified ingredients (video)

## Lifestyle Solutions ##
A New Way of Defining Wealth
Resolve to Save Energy This Year
Conserving energy is always a good thing. It's just too bad that the situation had to get desperate before starting. -- RF

## Environment/health ##
Fewer cold snaps: Mangroves head north (US)
America's new rising threat: Antibiotic resistance
Right Now, It's as Cold in Canada as Where Our Rover Is on Mars
Obesity quadruples to nearly one billion in developing world
Nuclear Waste Sits on Ocean Floor: U.S. Has Few Answers on How to Handle Atomic Waste It Dumped in the Sea
A World Drowning In Fatties: 1.5 Billion Of The World's Adults - One In Three - Are Obese Or Overweight

## Intelligence/propaganda/security/internet/cyberwar ##
David Cameron's internet porn filter is the start of censorship creep
The New York Times and Guardian newspapers call for clemency for NSA leaker Edward Snowden
The New York Times and Guardian newspapers have called for clemency for Edward Snowden, saying that the espionage worker-turned-privacy advocate should be praised rather than punished for his disclosures.
Skype social media platforms hacked by 'Syrian Electronic Army'
Military propaganda websites on verge of extinction
Hackers hit Snapchat days after it was warned it was vulnerable
The smart home is a pipe dream
What happens if authorities seize your laptop?
NSA Super Computer Part of 'Owning The Net' Paradigm?
Now Disney Can Track Your Every Move with NSA-Style Wristbands
U.S. court allows more phone snooping
Coke is spying on your drink preferences like a tasty, sugary NSA

## Systemic breakdown/collapse/unsustainability ##
Must read: Why a Finite World is a Problem
'Nothing to Live For': Youth Unemployment, Depression, and Austerity
German road, railway infrastructure is decaying, with harsh economic consequences
Detroit police chief James Craig says more citizens should be armed
Most Americans have a gloomy outlook for life in 2050

## Japan ##
Panasonic to cut 1,000 information-related jobs
Only 17% of Japan's biggest firms plan to raise wages
Japan to deploy Global Hawk unmanned surveillance planes at Misawa
Worker aghast at shoddy work on Fukushima radioactive water storage tanks

## China ##
Antarctic ship rescue: China's stake in the territory
China's Bill for Cleaning Air Pollution Mounts; State TV Promotes Benefits of Smog
South China nuclear plant starts operation
Lure Of China's Gray Economy Reaches Rich And Poor
The income gap is growing dramatically in China and the rich are getting exponentially richer — the richest 10 percent of China's population are more than three times wealthier than the official figures. Much of that undeclared wealth is what Chinese people call "gray income," including proceeds from corruption and other ethically "gray" areas of the economy.
Peoples Bank Of China Promotes Participation In Gold Market
China's Urban Nightmare: Gridlock
China 'major' uncertainty facing global economy: Soros

## UK ##
Scientists uncover hidden river of rubbish flowing through London
40 percent of jobless youth facing mental illness symptoms with one-in-three contemplating suicide
Schools should adopt Chinese-style lessons, says minister
UK weather: Environment Agency warns of 'worse to come'
House price rises 'must stop'

## US ##
Thieves Are Using "Mystery Gadgets" To Electronically Unlock Cars And Steal What Is Inside
Stocks Have Worst Start To Year Since 2008
Flu now widespread in the United States
Labor Department considers end to early data dissemination
Could a Puerto Rico Default Hammer the $3.7 Trillion US Muni-Bond Market in 2014?
Fizzing Optimism For Wild Financial Engineering In 2014
Fed no less committed to stimulus after cut to QE: Bernanke
Detroit Emergency Manager Calls Swaps 'Ticking Time Bomb'
"The Biggest Redistribution Of Wealth From The Middle Class And Poor To The Rich Ever" Explained...
As anyone can see, the system is rigged to transfer wealth from bottom to top, thereby creating a super-rich aristocracy and a poor underclass of serfs. Welcome to Neofeudalism, and have a nice 2014! -- RF
Domestic Vehicle Sales Lowest In 14 Months; Miss By Most In Over 5 Years
GM Misses Sales Expectations, Blames Weather; Ends Year With Most Ever December "Channels Stuffed"

And finally...
Man walks into restaurant, walks out with 250-pound safe
Everyone Poops, But Dogs Do It With Magnetism
Tokyo woman mugged for 3,000 yen, haggles mugger down to 1,000

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