Thursday, February 06, 2014


News Links, February 6-7, 2014

## Global Ponzi meltdown/House of Cards ##
Puerto Rico's $70B Debt Weighs Heavy on U.S.
Puerto Rico credit rating downgraded to 'speculative'
As gold supplies are squeezed, India's jewellery imports soar
Eurozone retail sales in unexpectedly big slide
Russia Cancels Government Bond Auction for 2nd Straight Week
Experiment with QE is a complete failure: Faber & Schiff
Undercover workers film factory conditions in Bangladesh
Venezuela Gives Businesses Until Monday to Comply with "Fair Prices Act" or Face State Takeover
Argentine Banking System Archives Destroyed By Deadly Fire

## Airline Death Spiral ##
Air India's outstanding debt a whopping Rs 26,033 cr
Virgin on course for $49m loss as war with Qantas takes toll

## Fault lines/flashpoints/powder kegs/military/war drums ##
Israel's Oil Platforms in Jeopardy and the Samson Syndrome
Israeli leaders step up warnings of growing missile threat
U.S. blocks companies aiding Iran from banking system
Kerry Threatens Sanctions on France Over Iran Business Ties
Tensions rise as Iraqi Kurds' oil flows to Turkey
More Money, More Power for Asian Militaries
US Official Sees "Unprecedented Spike" In Risky China Activity in Island Dispute With Japan
China asks Russia for support on Senkakus in return for Northern Territories backing
Iraq Near Implosion: The 'Bad Years' Are Back
Misread Telexes Led Analysts to See Iran Nuclear Arms Program

## Global unrest/mob rule/angry people/torches and pitchforks ##
In Bosnia, Privatization's Failure Fuels Anger, Growing Protests

## Energy/resources ##
Power fails in parts of 11 Brazilian states, leaving 2M people without power for nearly hour
Gap between Coal India output and target widens further
The gap between Coal India's (CIL) production and target has been ever widening, and has reached a level where the average coal stock at power plants has dipped to just around 12 days. 
Flint Hills Alaska Refinery to Shut Amid 'Enormous' Costs
Russia's Gazprom Neft Sees Iraqi Output Start in Spring
Asia Buying Up Oil Assets In Americas
Coal Industry in Structural Decline (US)
Remember, peak coal in the US came in 2008. -- RF
Petrobras Stock Hits 8-Year Low
French oil refiners blame U.S, Asia, Mid East for near $1 bln loss
Fracking is depleting water supplies in America's driest areas, report shows
Why Shale Oil Boosters Are Charlatans In Disguise
Natural gas shortage hits California power supply

## Got food? ##
Food industry seeks voluntary GMO labeling
All dried out: California farms to lay idle
Virus Killing 5 Million Pigs Spurs Hog-Price Rally: Commodities

## Environment/health ##
Ottawa says all proposed cellphone towers will now require community consultation
Condensate train derails in Russia
Scientists Warn on Another Bird-Flu Strain
Storm surges to cost $100 trillion a year as sea levels rise
Coal Ash Poison Still Leaking Into North Carolina River
While The World Waits For A Real Climate Deal, Megacities Are Taking Action
Do not be fooled by this Green Bean fantasy thinking. No matter what megacities do, they are totally unsustainable and are fated to collapse in an orgy of self-destruction. -- RF
Haze Over Cities Is a Problem Bigger Than China: Today's Pic
Fire sparks evacuation at US nuclear waste plant

## Intelligence/propaganda/security/internet/cyberwar ##
This iPhone-Sized Device Can Hack A Car, Researchers Plan To Demonstrate

## Systemic breakdown/collapse/unsustainability ##
Must read: Limits to Growth–At our doorstep, but not recognized
Cops shoot and kill naked Florida man after face-biting rampage
28 Signs That The Middle Class Is Heading Toward Extinction
The Steampunk Future

## Japan ##
Abenomics Disaster: Japan Regular Wages Fall For 19 Consecutive Months; Real Wages Drop To 16 Year Low
Japan makes first oil payment to Iran in a year: sources
Sony Will Shed 5,000 Jobs And Its PC Business
Japan tilts right
Fukushima governor to ask permission to store radioactive soil in two towns
McDonald's Japan 2013 profit halves as sales slide
US upgrading naval power in Japan, with eye on China
Privacy concerns surround Osaka Station facial recognition experiment
Unfinished reactors likely to get OK

## China ##
Subprime sequel? Near-default stirs fears of China's shadow investments

## UK ##
Housing crisis will continue for 10 years, George Osborne warns
Storms Wash U.K. Rail Line Into Sea, Cutting Off Western England
Cuadrilla fracking delays over radioactive waste water

## US ##
Assault on California Power Station Raises Alarm on Potential for Terrorism
The Countdown to the Nationalization of Retirement Savings Has Begun
Voters in Bankrupt San Bernardino Sweep Pro-Union Guard from Office; Hard Line on CalPERS Coming
Pump! Stock market has best day of the year; Dow up 188
Individual Income Taxes May Soon Generate Half of All Federal Tax Revenue
Scenes from a militarized America: Iowa family 'terrorized'
New York Times Profit Falls 12%; Print, Digital Revenues Still Falling
No jail for 'affluenza' teen in fatal crash draws outrage
Hedge funds bet on US gas shortage as cold boosts demand
Freezing weather hits natural gas output of 2nd biggest U.S. producer
More men in their prime working years lack jobs, says WSJ
GM's dismal profit may spur analysts to cut 2014 estimate
Baton Rouge's Rich Want New Town to Keep Poor Pupils Out: Taxes
Chicago Fed President Evans Concerned Inflation Is Below Target
Here Come The Q4 GDP Downward Revisions As December Exports Tumble, Trade Deficit Balloons

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