Tuesday, April 01, 2014


News Links, April 1-2, 2014

## Global Ponzi meltdown/House of Cards ##
French public debt at record high
French public debt decreased in 2013, but is still higher than expected. Total debt continues to climb and fails to meet the Maastricht criteria.
Greece to get next loan payments in April: Dijsselbloem
Deflation new headache for Eurozone
ADB: China's Slowing Growth to Hit Asia's Developing Economies
What a Loan Officer Would Say to the US Government
Puerto Rico Economy Shrinks 3.8 Percent in 1st 8 Months of Fiscal Year
Michael Lewis on '60 Minutes': United States stock market is rigged
What a surprise! Who would have thought? -- RF
Rigging the Stock Market is Old Hat
Bubbleberg News LP: Why We Are Plagued With Drivel Masquerading As Financial Reporting
Company earnings warnings near record levels as Q1 reports loom
China moves briskly toward closer relationship with Europe
Global factory growth lost momentum in March: PMI
Almost One Quarter Of European Youths Are Unemployed
Stocks Close At Record High Following China, Japan, And US Data Misses

## Airline Death Spiral ##
U.S. Airports Are Off the Chart
Shrinking traffic troubles Narita (Japan)
Air India: Airlines have 'very thin margins' due to inability to match revenue with costs
ANALYSIS: How airlines are losing weight in the cabin
United Airlines cuts more nonstops out of Cleveland Hopkins, causing fares and flight times to jump
The Regional Airline Industry Suffers Yet Another Casualty
Fixing New York's Airports: The Technology Problem
Tigerair Philippines Raising Fares on International Routes
Little hope for small airports to lure service
The truth is that with bankruptcies, mergers and consolidations, we are now down in the United States to four network airlines - American, Delta, United and Southwest - and five carriers with more limited route systems: Alaska, JetBlue, Spirit, Frontier and Virgin America.
Turbulent times? Future uncertain for commercial service at regional airport
Malaysian Government May Just Delist MAS
American Eagle to shrink after pilots reject contract
Tough times for military aviation charters: Like Evergreen, World Airways grounds itself
Go! Airlines has its final flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
North Korea stages live-fire military drill prompts South to return fire
Japan's Ninja submarines
Merchant ship shot at in Strait of Hormuz Sunday- NATO
German Executives Denounce EU/US Leaders Over Russia Confrontation
Latvia, Estonia Seek 'Boots on the Ground' from NATO
Tour of Ukraine-Russia Border Finds No Signs of Military Buildup (NBC)
The Obama administration is underestimating Putin's ambitions
President Obama has dismissed Russia as a "regional" power that "leads no bloc of nations, no global ideology." But the Obama administration has consistently underestimated Vladimir Putin and continues to do so by asserting that Russia is isolated. Putin has laid the groundwork to assemble a powerful alternative to the transatlantic alliance.
Seven Decades of Nazi Collaboration: America's Dirty Little Ukraine Secret
Ukraine crisis: British troops to mobilise in Nato eastern Europe military exercises
Saudi dynasty moves to forestall succession crisis
With Americans Taking Off, Kyrgyzstan Mulls Selling Airports to Russia
Iraq Nation Destroyed, Oil Riches Confiscated. Surviving Iraqi Population Impoverished
Bridge Collapses in Iraq Attack; 56 Killed, 55 Wounded
Poland asks Nato to station 10,000 troops on its territory
Saudi Arabia declares all atheists are terrorists in new law to crack down on political dissidents
Top secret Pentagon spacecraft stays in orbit over 469 days, breaks longevity record
Italian troops sent into Naples' 'Triangle of Death' to stop mafia wars over illegal waste disposal

## Global unrest/mob rule/angry people/torches and pitchforks ##
Riot police clash with Albuquerque protesters after officers kill homeless man
13 Bahrainis, teens among them, get life sentences for protest
Protests to be banned in Athens as EU finance ministers meet
Venezuelan troops tear through border city to crush student protest in cradle of uprising
Thai anti-government protester killed, rekindling political crisis

## Energy/resources ##
Asia takes more Iran crude in Feb than nuclear deal allows
Exxon: Highly unlikely world limits fossil fuels
Exxon Mobil says that global policies to combat climate change won't be strict enough to stop the company from selling all of the oil and gas it has found - and all that it will find in the foreseeable future - because the fuels are too important for global economic development.
Development and lifting costs are hammering Big Oil
Crunch Year Ahead For Norway's Arctic Oil Adventure
Rising costs, lack of infrastructure and a string of poor exploration results may mean Norway's Arctic oil exploration peaks this year, energy officials said on Tuesday.
Israel's water miracle that wasn't
Iran to expand gas storage facilities
Economic analysis of the US unconventional oil and gas revolution
Seismic technology reveals huge underwater coal deposits
Says nothing about the cost of extracting coal from undersea deposits. -- RF
The Absurdity of US Natural Gas Exports
Costly Delays In Bringing Up Kashagan Weighing On Oil Companies' Returns
Kashagan, the mega oil project located in Kazakhstan's zone of the Caspian Sea has been plagued by significant delays and cost overruns due to several technical issues. Just days after the project finally started producing oil after years of delay in September last year, it was shut down indefinitely due to a cracked pipeline. It was initially planned that the project would be brought online in 2005 at a cost of $10 billion. Today, after more than eight years of delay and a cost overrun of more than $30 billion, it is still not producing any oil.
No future for hydrogen fuel cell vehicles due to platinum shortage, says General Electric
Why we will never run out of oil (there's just one catch)
Inside 'big coal country' as coal-fired energy demand returns
Gazprom Raises Price of Gas for Ukraine 44%, Rationing Coming Up
Notice how talk of sanctions is winding down. They didn't work and won't work. Russia has the upper hand.
Russia 'eyes Crimea gas pipe'
Russia's Rosneft, With US Partner Exxon, On Track With LNG Plant

## Infrastructure scavenging ##
Four jailed for "industrial scale" metal thefts

## Got food? ##
World's biggest soybean grower may not meet demand
Inventories of soybeans in the U.S. fell to their lowest level in a decade, according to figures released Monday by the United States Department of Agriculture. That decline has one commodity analyst worried whether the U.S. will produce enough of the crop to meet the growing global demand.
New Alabama food truck regulations prevent local churches from feeding the homeless
Jean-Martin Fortier: A Model for Profitable Micro-Farming
Bon appétit: 'Extreme levels' of Roundup are the norm in GMO soya

## Lifestyle Solutions ##
Small Really Is Beautiful: Tiny Homes as Environmental Tools
Less is more: Minimalists to preach burgeoning movement in San Jose

## Environment/health ##
Climate change threatens India's economy, food security - IPCC
The butterfly effect: Do monarchs' woes signal broader problems?
Ebola death toll hits 82 as doctors warn West Africa outbreak is 'unprecedented'
New cases confirmed as virus that kills 90 per cent of infected people spreads from Guinea to Liberia with suspected cases in Sierra Leone
US carbonated drinks lose appeal but Coke, Dr. Pepper hold ground
Scientists: Lethal, difficult-to-detect bacterium invading western Japan
Search for Missing Malaysia Airlines Flight Spotlights World's Garbage-Filled Oceans
World court rules Japanese whaling not scientific, orders temporary halt
Urban gardeners may be unaware of soil contaminants
Meeting climate targets may require reducing diet of meat and dairy
This is the way the world ends: Once-in-a-millennium drought a wakeup call for America
Migrants face 'living hell' in Greek detention
Médecins Sans Frontières reveals outbreaks of scabies and human waste seeping through floors

## Intelligence/propaganda/security/internet/cyberwar ##
China's plan for global network of surveillance satellites spurred by fruitless search for missing Malaysia Airlines flight MH370
NSA infiltrated RSA security more deeply than thought - study
Tesla car doors can be hacked
I Just Got PayPal's New Absolutely-No-Privacy-Ever Policy

## Systemic breakdown/collapse/unsustainability ##
What to Do When You Suspect We're Headed for Collapse

## Japan ##
Japan, U.S. to create new defense body
Japan and the United States plan to create a permanent consultative body to coordinate the operations of the Self-Defense Forces and the U.S. military in the face of China's highhanded actions over the Senkaku Islands in Okinawa Prefecture, Japanese and U.S. government sources said.
Japan factory output contracts, dims growth outlook as tax hike looms
Double Data Whammy For Japan As PMI Tumbles & Industrial Production Misses By Most Since Abenomics
Japan allows people to return to Fukushima disaster "hot zone"
No. 1 water dumping set for May
The dumping of groundwater into the Pacific from the Fukushima No. 1 nuclear complex won't start until May or later, industry minister Toshimitsu Motegi said.
Nuclear renaissance: Japan may only be able to restart one-third of its nuclear reactors
Nuclear renaissance: Second Japan nuclear operator seeks government bailout
Sales tax goes up for first time in 17 years
Japan eases ban on military exports
Worst. Recovery. Ever: Japan Regular Wages Decline For 21 Consecutive Months
Japan's Firms Fret Over Tax Increase
Japan to e-mail missile, terror alerts to mobile phones

## China ##
China Defaults Sow Property Cash Crunch Concern: Distressed Debt
China Xuzhou Zhongsen Missed Bond Coupon Payment: 21CBH
Top 4 China banks sold $450B in unguaranteed financial products
In a development that could fuel concerns about China's financial system, the nation's four biggest banks disclosed for the first time that they have sold about 2.8 trillion yuan ($450 billion) in wealth management products for which they did not guarantee the principal as of Dec. 31.
Bags of Mountain Air Offered in Smog-Addled Chinese City

## UK ##
UK austerity towns keep afloat as bigger wave approaches
London Real Estate Prices Soar 68% In Five Years: Here's Why In 1 Chart
Climate catastrophes in other countries will hit UK's food security, experts say
Street-light switch off to start in parts of Exeter tonight
UK Budget Means Bank Accounts Can Now Be Raided

## US ##
Stocks on Speed: Leverage Spikes, As Does Risk Of Crash (Look at that Insane Chart!)
US stock market is rigged by high-speed traders, says Michael Lewis
FBI probes high-frequency trading for crimes
U.S. public pension gap widened to nearly $1 trillion in fiscal year 2012
CBS: US Retirement System Is Falling Apart
America's retirement system has entered a danger zone and is breaking down, according to CBS News, which notes that roughly half of U.S. families don't have a single dime set aside for retirement.
Risky business: protecting US energy supplies
How millions risk falling into the debt trap of 400% annual interest rate loans
People needing quick cash would probably scoff at an effective 400% interest rate for a loan they couldn't afford to pay off in time from the start. Yet millions of Americans appear to risk falling into this trap by taking out payday loans.
Meanwhile: Where Does the Real Problem Reside? Two Charts Showing the 0.01% vs. the 1%
Patent trolls target US businesses, consumers ultimately foot the bill
Yellen: Fed's 'extraordinary' policy to be around for the long haul
Damn the Bubbles, More Printing Ahead; Property Bubbles and the Perils of Easy Money
Buy-to-Rent is Officially Dead in California
Wind Power Hits Record in Texas
Issues that led to propane shortage remain unresolved
Embattled Utilities Face 'Talent Storm'
Almost half of the engineers employed by power and utility companies will become retirement eligible this year, according to analysts from Deloitte Consulting, and venerable old electric companies are finding it increasingly difficult to attract new talent.
Air Force faces shortage of engineers
North Dakota oil industry wreaks havoc on state's roads
Four more workers contaminated by radiation at New Mexico nuclear facility
Former McDonald's Store Managers Say They Withheld Wages
260,000 college graduates in minimum wage jobs
GM Unleashes HFT Volume Bomb; Reports New Record "Channel Stuffing" High
DOT data suggest new paradigm: Fewer, richer travelers, more trips
As a result, he said we could be seeing "a new economic reality of who's able and willing to travel." According to Harteveldt, "people of modest means" might be traveling less or not at all, or perhaps relying more on the "sharing economy" by using things like ride-shares or private accommodations offered by resources such as Airbnb.com.
Here is another window on the development of neofeudalism. While the super-rich (the New Aristocracy) fly and stay in luxury hotels, the Little People will hitch rides or stay home. -- RF

And finally...
"British scientists clone dinosaur" hoax
Darth Vader runs for president of Ukraine
April Fools' Day jokes 2014 – the best on the web
April Fools' Day roundup: 7 hoaxes not fooling anyone today

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