Thursday, February 13, 2014

 

News Links, February 13-14, 2014

## Global Ponzi meltdown/House of Cards ##
EU posts weak industrial production numbers for December
Australian unemployment worst in a decade
Europe Considers Wholesale Savings Confiscation, Enforced Redistribution
The global debt reckoning – Total global debt at $230 trillion. Total world debt over 300 percent annual GDP.
Greece jobless rate hits new record of 28%
No Crisis? France's Private Sector In Deeper Trouble Than In 2009
World's 100 Biggest Banks: China's ICBC #1, No U.S. Banks In Top 5
Emerging-Market Sharks Circle Reserves in Rapid Dive: Currencies
Global stock markets gain on China trade data; sterling up
Bundesbank Moves Away From Specific Gold Repatriation Schedule
China's 500-tonne gold gap fuels talk of stockpiling
U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days
Hong Kong-Singapore Builder Slump to Deepen
Canadian house prices hit record high in January as Vancouver market surges
Laundering Fears Prompt RBS Account Closures
The taxpayer-backed Royal Bank of Scotland (RBS) is to close thousands of customer accounts amid growing international scrutiny of banks' compliance with anti-money-laundering rules.
Japanese Stocks Down Over 450 Points From Yellen Top; Dow -150 From Today's Highs
ECB Seriously Considering Negative Interest Rates; New Central Bank Mottos
Debt Rattle Feb 13 2014: Are Your Savings Safe From Bail-Ins?

## Airline Death Spiral ##
Airline struggles adding to regional airport stress
The Australian Airports Association warned today that regional airport operators, many of them already running at a loss, are being increasingly pressured by airlines to cut fees.
Australia isn't the only country in the world where regional airports are bleeding red ink. -- RF
Cebu Pacific, Tigerair PH seek to raise airfares
Bad news for budget travelers. Budget airline Cebu Pacific and its newly acquired unit Tigerair Philippines are set to hike airline ticket prices by as much as 160%. The airlines are seeking to raise ticket prices due to the surge in the price of aviation fuel in the world market and the weakening of the Philippine peso against the US dollar.
What Can New Pilots Make? Near Minimum Wage
A widening shortage of U.S. airline pilots is spotlighting the structure of an industry built on starting salaries for regional-airline pilots that are roughly equivalent to fast-food wages.
And you can flip burgers without going to an expensive pilots' school! -- RF
Air India to remove first-class seats from its international flights to cut losses
Alternative plans for Croatia Airlines' future
United airlines to drop flights from Cleveland to Jamestown
Small is the next big thing in Asia aviation

## Fault lines/flashpoints/powder kegs/military/war drums ##
Special ops chief McRaven expects 'Iron Man' suit by 2018
Russian Pacific Navy prepares for new warships
As West cuts, global defense industry balance shifts
Anti-drone activist kidnapped in Pakistan before he was due to testify in Europe
For South China Sea claimants, a legal venue to battle China
Iran warns ready for 'decisive' battle with US, Israel
South Korea Joins Japan in Oil Payments to Iran
French 'Warned' As Total Eyes Iranian Oil Deals
India concerned by China's military facilities in Myanmar
Pakistan to buy six Chinese submarines by end of year: report
Somalia: Car bomb explodes near airport in Mogadishu
Australia concerned about Asian arms race
This algorithm can predict a revolution

## Global unrest/mob rule/angry people/torches and pitchforks ##
Farmers Rise Up Against Agribusiness, Face Down Riot Police in Brazil
ANC throw bricks and petrol bombs at DA supporters and police
At least four people killed as thousands march in Caracas for and against Maduro
After Sudden Devaluation, Kazakhstan Protesters Besiege National Bank
Four killed in attacks in Thailand's restive south

## Energy/resources ##
Egypt's Precarious Energy Position
Bill Gates' investment Optim Energy files for bankruptcy
Iraqi pipeline attacks raise fears of threat to oil
Fifteen soldiers were killed this week guarding an oil pipeline in northern Iraq, the first assault to involve so many casualties amid concerns an al-Qaida insurgency in western Iraq is spreading to vital oil-producing regions.
Austria burdened by Germany's shift to green power
Weather-driven surges of German solar and wind power may lead to higher costs for Austria as its grid is forced to take measures to avoid breaking down, a Austrian energy regulator said, calling for a region-wide solution to excess flows.
Liberia: Fuel Crisis Deepens - As Drivers Hike Fares
Natural Gas Boom 'Nothing Short of A Miracle' For U.S. But Can It Last? What Comes Next?
Betting on the Next Oil Boom? You're Grasping at Straws
Turkey stays on sidelines of Iran's energy sector
The Oil Boom Doesn't Care if Your Chickens Are Freezing to Death
Eni hit by 'difficult market'

## Got food? ##
Increasing food prices spark trend of package downsizing
California Drought May Cause Higher Food Prices For All Americans
Dean Foods warns milk prices are headed even higher
Golden Rice - a complex tangle of unanswered questions

## Environment/health ##
Organised crime sets sights on wildlife
Jaywalking: How the car industry outlawed crossing the road
Commuters 'are more miserable'
Global Warming Is Melting Sochi
Study: 59% of Marine Protected Areas are ineffective
More Bad News for West Virginia: Coal Gunk Spills Into Creek, Turns it Black
Stopping Microbes Not Missiles: U.S. Plans For Next Global Threat
Spot the next plague before it arrives. Predict the next swine flu outbreak before it makes headlines. Even detect a biological weapon before it's launched. These are the goals of an ambitious initiative, launched Thursday, to build a worldwide surveillance system for infectious diseases.
Natural gas vehicles worse for climate than diesel ones?
Pandemic Potential Seen in Gene Changes of Bird Flu

## Intelligence/propaganda/security/internet/cyberwar ##
US unveils measures to avoid 'cyber Pearl Harbor'
EU Commission: Time to End US Domination of Internet
'No Country for Brave Journalists': US Plummets in Press Freedom Rankings
Obama Sued by Rand Paul Over Phone Surveillance Program
LAPD scopes out Israeli drones, 'big data' solutions
Secret NSA Satellite Facility Located at IDF Base in Occupied East Jerusalem
Hong Kong, Taiwan's Eroding Freedom of Press
Silk Road 2.0 'Hacked' Using Bitcoin Bug, All Its Funds Stolen
After 5 Rejections, Apple Accepts App That Tracks U.S. Drone Strikes
Comcast takeover of Time Warner Cable 'will throttle choice on the web'

## Systemic breakdown/collapse/unsustainability ##
The Future Engineering Education Machine is Almost Here - Part I
The Tanks Are Rolling In Post-Devaluation Kazakhstan
Counting the homeless in America's poorest city

## Japan ##
Japan Core Machinery Orders Fall Most Since '98 in Abe Challenge
Japan's nuclear plant builders look for new spark
Japanese nuclear equipment manufacturers are struggling amid gloomy prospects in the domestic market and intense competition with South Korean and Russian rivals overseas.
Record cesium level in Fukushima plant groundwater
Fukushima N-plant struggles continue
Water contaminated with radioactive substances continues to flow into the basement level, while the collection of spent nuclear fuel rods is progressing steadily at the No. 4 reactor of Tokyo Electric Power Co.'s Fukushima No. 1 nuclear power plant.
Top nuclear regulator: Safety screenings unlikely to finish before April
Anti-China, South Korea novels a big hit with Japan's nationalist readers
Govt to cancel approvals of 670 solar power facility operators

## China ##
Economists React: Is China's Export Boom Real?
China Resource Imports Hit New Highs
Banks run out of cash as guards go on strike
Frugality marks China's new rules for official visits
China's premier cements ban on new buildings in cost-saving drive
Chinese Premier Li Keqiang has called for a complete halt to construction of new government buildings, training centers and hotels, throwing his weight behind a standing order that the authorities have had difficulty enforcing in recent months.
It Begins... Another High-Yield Chinese Shadow Banking Trust Defaults
China smartphone shipments shrink after 2 years of growth - IDC
Trust product troubles ripple through Chinese markets
Concerns over potential defaults on high-yield financial products are making Chinese companies put some debt issues on hold due to wary investors, as well as posing a potential new risk to the global economy.

## UK ##
Stop old folk freezing to death, urge campaigners
In South Yorkshire alone there were 350 excess winter deaths in 2012 – many of whom were said to be elderly people dying from being too cold.
BOE Stress Testing Banks For Property Crash - Risk Of Bail-Ins
Preparations have been or are being put in place by the international monetary and financial authorities, including the Bank of England for bail-ins. The majority of the public are unaware of these developments, the risks and the ramifications.
Bank of England to keep interest rates at 0.5% for at least another year
UK weather: Britain's water torture is here to stay until May
75,000 without power after 100 mph storms hit north and west Wales
Flood-hit areas are a 'battlefield' as thousands of soldiers are deployed

## US ##
US budget deficit totals $10.4 billion in January
Economy takes $50B winter weather hit
Stinking Corporate Revenues, Desperately Doctored Earnings-Per-Share 
California MUST Have Magnificent, Endless Bubbles in Housing, Stocks, And IPOs – Or Go Broke Again
California's farm towns are losing jobs and dying of thirst
Retired and broke: Social Security and the struggle to make it last
More than 90% of people over age 65 currently receive Social Security benefits, without which a surprisingly large number of seniors would be destitute.
SPLAT: Sound Of IPO Highflyer Hitting Sidewalk After Smart Money Bails Out
Winter takes toll on nation's pipes and pavement
This merciless winter is taking a heavy toll on the nation's pipes and pavement, breaking hundreds of water mains that turn streets into frozen rivers and opening potholes so big they snap tire rims and wheel axles like Popsicle sticks.
Why gasoline could spike 10 percent in the near future
Heating Bills Reach Record for New Yorkers
Winter storm boosts fuel prices. Brace yourself for the utility bill.
Seesaw economy: Nearly one in three dipped into poverty
Winter storms are threatening to chill US economy
Australia's Auto Industry Is Dead: Could It Happen Here?
Channel-Stuffed US Car Dealers Cut Prices; Hope To "Sell Their Way Out Of This"
Storm, bringing deadly ice and snow, slams U.S. South
Blast rocks Kentucky natural gas pipeline amid storm
"At this time there is no impact to commercial operations or shipper nominations," NiSource said. However, traders said the incident could add strain to a system already stretched by high demand during one of the coldest winters in decades. Pipelines across the country are already filled to capacity and inventories are draining quicker than ever.
Train carrying crude derails in Pennsylvania
Storms taking toll on families, schools in U.S. Northeast
Officials in Connecticut Stunned by What Could Be a Massive, State-Wide Act of 'Civil Disobedience' by Gun Owners
Ransacked Grocery Shelves, Crazy Lines and How Everyone Stocked Up for the Storm
Retail Sales "Unexpectedly" Decline; December Revised Lower, GDP Estimates Follow
"Foreclosure Rebound Pattern": Foreclosures SUDDENLY Jump 57% in California (And Soar In Much Of The Country)
Gas Prices Surge Above $3 in All Major Cities

And finally...
Sinkhole Swallows Eight Classic Sports Cars At National Corvette Museum




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