Thursday, April 10, 2014


News Links, April 10-11, 2014

## Global Ponzi meltdown/House of Cards ##
Baltic Dry Collapses To Worst Start To A Year On Record
Biggest Credit Bubble in History Flashes Warning: 'Seek Cover'
Now That the U.S. and China Have Picked the Low-Hanging Fruit, Peak Everything Looms
Europe weighs bold steps to avoid Japan-like deflation
40 Central Banks Are Betting This Will Be The Next Reserve Currency
Russian oil firm says Asian buyers willing to use euros
Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.
China's next bond default looms as polyester firm declares bankruptcy
Desperate for credit, China importers default on soy cargoes
Chinese importers have defaulted on at least 500,000 tons of U.S. and Brazilian soybean cargoes worth around $300 million, the biggest in a decade, as buyers struggle to get credit amid losses in processing beans.
Cash-strapped France to sell $48 million New York apartment of its U.N. envoy
Global PC shipments fall for eighth straight quarter
Greece Prepares as Much as $688 Million of Real Estate for Sale
Toyota recalls about 6.4 million vehicles globally
BMW to recall 156,137 vehicles in US
Toyota-GM Seen Ushering in Era of Big Recalls
Brussels Tells Spain to Raise VAT Once Again

## Cut, baby, cut! ##
CBC may cut roughly 600 positions on Thursday, lobby group says
The Canadian Broadcasting Corporation could be facing layoffs in the range of 600 positions as it grapples with a financial shortfall of $130-million to $150-million, according to a lobby group that watches the national broadcaster closely.
Renault considers cutting shift at Flins plant: Les Echos
House passes Ryan budget with big cuts
Bank of America to cut 3,000 support jobs across Latin America, Asia
Family Dollar to cut jobs, shut 370 stores as sales fall
Telkom South Africa to cut staff
Exploration suffers as copper miners axe costs, cut debt Add to ...
A weak copper price and tighter financing are forcing mining companies to cut or stall spending on exploring to their lowest levels in four years as they focus instead on axing costs and reducing debt.
Layoffs at Star-Ledger,, other Advance newspapers top 300
Weetabix plans cut in pay and hours for British workers
Oshkosh to Cut 760 Jobs in Response to Lower Defense Spending

## Airline Death Spiral ##
American the latest airline to tweak flier program
Sri Lankan state airlines lose Rs30.1bn in 2013; Rs90bn over 5 years
Air India proposes 15% pay cut for pilots
Biggest U.S. airlines among worst in customer service: study

## Fault lines/flashpoints/powder kegs/military/war drums ##
South Korea seeking Sidewinder missiles from U.S.
Israeli settlement plans sank peace talks, Kerry says
NATO Members Conduct False Flag Terror In Attempt to Whip Up War
Japan's Dispatches of Jets Against China Rise to Record
Italian navy warns of 'biblical exodus' in Mediterranean
Hagel pushes US military ties with China's neighbour Mongolia
Littoral Ship's Fitness for Asia Questioned by Some in U.S. Navy
Israel launches cutting-edge satellite to spy on MidEast adversaries
Satellite images reveal Russian military buildup on Ukraine's border
NATO Chief: US Troops May Be Sent to Eastern Europe
US Destroyer Enters Black Sea To "Reassure NATO Allies And Black Sea Partners"
Emerging Dynamics of Petro-Yuan Standard
The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system.
It's On: Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan
Russia Dismisses US Threats Over Iran Oil Deal, Insists Oil for Goods Deal None of America's Business

## Global unrest/mob rule/angry people/torches and pitchforks ##
Car bomb explodes outside Greek central bank building, no one hurt
Woman Arrested After Throwing Shoe At Hillary Clinton

## Energy/resources ##
Wind farm expansion will require fridges to be switched off at times of peak demand
Britain's increasing reliance on wind power in the 2020s could cause power shortages without a radical overhaul of the grid, including automatic control of household appliances
21st Century Energy Outlook: Quite Similar To The Last Two Centuries
Energy shortage hits manufacturing sector: Production in factories far below capacity (Bangladesh)
More oil coming from non-OPEC members
Shell remains committed to Alaskan arctic
Russia says long-sought China gas supply deal is close
German Vice Chancellor Warns 'No Alternative To Russian Gas'
Russia Is Crushing Ukraine's Hopes for Energy Independence
Eastern Ukraine is home to nine-tenths of the country's coal and one of Europe's largest shale-gas deposits. Will the region soon be Moscow's?
Russia warns Europe of gas supply cuts over Ukraine debt
Natural Gas Build Only a Fraction of Needed Recovery

## Got food? ##
Price of fish soars as landings nosedive (India)
Beef prices hit all-time high in U.S.
Orange Juice Prices Soar (US)

## Environment/health ##
NRC rejects petition to extend emergency zones around nuke plants
Study Questions Tamiflu's Effectiveness Against Pandemics
Beijing pollutants remain high despite efforts
US Has Littered Afghanistan with War's Deadly Garbage
Scientists Publish Recipe For Making Bird Flu More Contagious

## Intelligence/propaganda/security/internet/cyberwar ##
'The Snowden Saga': NSA Whistleblower Opens Up in Exclusive Narrative
From Vanity Fair's Snowden Exclusive: A Tense Few Days in Hong Kong
Iowa, North Carolina join states studying Experian breach
What you need to know about the Heartbleed bug
Shift to chip and PIN doesn't solve all for retail
Here's the Real Score: Big Data Knows Everything About You!
Your life is an open book.
Data brokers settle charges over background checks
The Feds Cut a Deal With In-Flight Wi-Fi Providers, and Privacy Groups Are Worried
US: EU Circumvention of NSA Spying Would Violate Trade Law
$4 billion: Bogus tax refunds a growing problem
Using the 'Top Secret' Stamp to Hide Lies and War Crimes
Revealed: Senate report contains new details on CIA black sites

## Systemic breakdown/collapse/unsustainability ##
16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse
Argggh! 80% of Americans stressed out at work
The Club of Rome all over again
Manila Becoming World's Third-Biggest City Risks Gridlock

## Japan ##
Nuclear renaissance: As Japan weighs energy options, costs mount for idled reactors
It is not only the cost of fossil fuels. Idled nuclear plants must be constantly staffed, and they must continuously draw offsite power from the grid to cool reactor cores and spend fuel pools. This is a huge burden on the utilities, more of which will seek government bailouts. -- RF
Abe Government Moves Towards Upgrading Japan's Nuclear Facilities
Will Japan's tax hike spur a fiscal crisis?
Japan's consumption tax hike is likely to dent economic growth this quarter and some analysts believe it may shock the country into a recession and possibly even a fiscal crisis.
Japan Scrambles More Jets as Regional Tensions Rise
Japanese local governments unable to upgrade PCs as Windows XP support ends
With Microsoft Corp., global leader in operating systems, finally ending their technical support for the venerable Windows XP operating system on Wednesday, computer users now have no choice but to upgrade to a newer OS to be able to receive support. But faced with budget cuts and shortages, many Japanese local governments were unable to upgrade their computers still running XP to a newer operating system.
Japan to continue stockpiling plutonium despite proliferation risks
Hello Kitty Can't Coax Japanese Shoppers to Open Their Wallets
Virus kills nearly 40,000 pigs in Japan
A diarrhea-inducing virus has infected about 190,000 pigs across Japan, killing nearly 40,000 of them.
Machinery orders at a 'standstill'
Core private-sector machinery orders shrank a seasonally adjusted 8.8 percent month-on-month in February, the government said Thursday, adding that the yardstick for capital spending had come to "a standstill."
Sensitive airport designs mistakenly disclosed by Google
TEPCO moving to divert groundwater from Fukushshima reactors

## China ##
China March exports tumble 6.6%, worse than expected
Chaori Solar Shares Tumble as Huatesi Polymer Enters Bankruptcy
Snoozing Staff at Yiwu Show China Exports Sputtering
China's Growth Stumbling, WSJ Economist Poll Says
China Drills Into the "Roof of the World" to Help Alleviate Foreign Dependence
The Real China Housing Collapse: 'Vintage' Buildings
Chinese Demand Drives German Luxury Car Sales To New Highs
In China, jar of French mountain air fetches $860
China's Anti-Corruption Battle Produces Unofficial Austerity
Chinese Premier dashes hopes for short-term stimulus

## UK ##
One in seven people retires with no private pension
Tamiflu: drugs given for swine flu 'were waste of £500m'
Students will be paying off loans into their 50s, study warns

## US ##
LA Commission Studies Pension Crisis, Recommends New Commission; Bankruptcy Inevitable
Corporate Profits Highest In 85 Years, Wages Lowest In 65 Years
Nasdaq marks worst day since November 2011 as biotechs sink
S&P Plunges Back To Negative Year-To-Date
S&P downgrades New Jersey, says state is still struggling
America's Mentally Ill Prisoners Outnumber Hospital Patients, Tenfold
It's a forgone conclusion that U.S. prisons and jails serve as the nation's de facto asylums for a majority of people with serious mental illness. Now comes a report that applies hard numbers to the depressing picture: Ten times as many people with schizophrenia, bipolar disorder, and other acute forms of brain disease reside in prisons and county jails than in state hospitals, according to the Treatment Advocacy Center.
America's Structural Unemployment Crisis in Two Charts
Shrinkflation?! The consumer goods that have down-sized
Construction firms worried about worker shortage
An Iowa City with a Population of 7,000 Will Receive Armored Military Vehicle
Percentage of parents aggravated by kids nearly doubles over decade
GOP Chairman: Let's Get Rid of ALL Donation Limits
Trailer Parks Lure Investors Pursuing Double-Wide Returns
The Revolving Door Spins Again – Former SEC Enforcer to Join Private Equity Giant KKR
General Motors recall to cost $1.3 bn, double the earlier estimate
The Born Again Jobs Scam, Part 2: The Fed's Labor Market Delusion
Yes, stocks are rigged and Fed is the biggest rigger

And finally...
Ten Wild Things You Can 3D Print At Home
Noah screening cancelled due to flooding
Wanted By The FBI: Bank Robber With Perfect Grammar And Spelling

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