Thursday, April 17, 2014


News Links, April 17-18, 2014

In memoriam: Michael C. Ruppert

## Global Ponzi meltdown/House of Cards ##
"Uncreative" Destruction: The Troika's Hostile Takeover of Europe
Europe Without €: Former EU Commissioner Says "Monetary Union has Failed"
Bail-Ins Approved By EU Yesterday - Coming In UK, U.S. And Globally
Singapore no home for luxury developers as cooling measures bite
Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite.
Austerity In Spain? Where? Public Debt Threatens to Exceed 100% of GDP in 2014
Startup Israel Suffering Most OECD Poverty as Poor Surge
At 20.9 percent of its households, Israel's poverty rate is the highest of any country in the 34-nation Organization for Economic Cooperation and Development, according to OECD measures. Hit hard by the rising cost of living and falling wages, the number of employed and impoverished Israelis has risen steadily even as the economy outran the U.S. and Europe in recent years.
BRICS countries to set up their own IMF
Defunct bitcoin exchange Mt. Gox files for liquidation
What the Heck is Going on With US Treasuries In Belgium?
Spider-Infested Mine to Reopen as Saracen Chases Gold Rush
Italy puts haunted island on sale in bid to reduce national debt
IBM's quarterly revenue sinks to 5-year low as hardware sales fall
Abu Dhabi commuters feel the heat as air-con bus shelters fall into disrepair
US could face a permanent slump, warns economist
They are barking up the wrong tree. The primary factor behind the end of growth is expensive energy. -- RF
On Plummeting Puerto Rican Bonds And Perishing Populations
Market Report: Economies stalling
The Great Keynesian Fraud

## Airline Death Spiral ##
Hidden Vulnerability Discovered in the World's Airline Network
High jet fuel prices have protected existing airlines from startups, prevented fare wars
PAL's losses widen on costlier jet fuel, maintenance expenses
Will you find these new seats on your favorite airline?
High ATF prices, flat growth in passenger traffic to hurt airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Separatists take armoured vehicles, humiliating Ukraine forces
Ukraine: 3 killed after Black Sea base attack
NATO To Boost Air, Warship Presence Around Russia; Netherlands May Deploy F-16s To Ukraine
Ukraine's Eastern Invasion Stalls, Troops Withdraw From Slovyansk
Ukraine Talks End in Accord; What About the Key Missing Player?
NATO Sending 5 Ships to Baltic Sea Due to Ukraine Crisis
Islamist militants kill 30 in attacks around Iraq
Obama Aims to Reassure Pacific Allies on 'Asia Pivot'
Death From Above: How American Drone Strikes Are Devastating Yemen
AFRICOM Goes to War on the Sly
The U.S. military "pivot" to Africa quickens, albeit under a "veil of secrecy." AFRICOM "now averages far more than a mission a day on the continent, conducting operations with almost every African military force, in almost every African country, while building or building up camps, compounds, and "contingency security locations."
Carlyle's Africa fund blows past its asset targets
Here's further proof that serious international investors are warming to Africa: The Carlyle Group announced Wednesday that it had raised $698 million for its dedicated continental fund, nearly $200 million above its initial target.
Defense Spending Dips in U.S., Rises Elsewhere
Iran cuts enriched uranium stockpile: report
China And Japan 'Face Off' Over $6 Billion Port Project On Remote Australian Beach
McDonald's foreign workers call it 'slavery'
Belizian temporary foreign workers docked pay for rent in corporate apartment
France is the new cauldron of Eurosceptic revolution

## Global unrest/mob rule/angry people/torches and pitchforks ##
Spanish-Style Riots Coming to a Country Near You
Israel police disperse riot at Jerusalem holy site

## Energy/resources ##
Wall Street sees slide ahead for deepwater rig dayrates
Labor Shortage Threatens to Bust the Shale Boom
Power cut hits north of Scotland
Power restored after massive Toronto blackout
Chart of the day: A whole lot of (nat) gas (US)
Can US get record natural gas storage refill at reasonable prices? (podcast)
The US had better hope for a cool summer. -- RF
Global Solar Bulletin: India Trouble, UK Bubble, Crimean Rubble, German Struggle
Ankara says Russia's South Stream pipeline could run to Turkey
Cost of oil transported by pipelines up 60% in five years, NEB says (Canada)
South Africa's nuclear aspirations hinge on high costs
Coal Returns to German Utilities Replacing Lost Nuclear
'Middle East dependent on Asian oil demand'
Oil Minister: Restart Of Libya's Oil Output Hard To Predict
Hydraulic Fracturing: Staying Afloat in Times of Tightening Water Supply
Solar Chimneys Can Convert Hot Air to Energy, But Is Funding a Mirage?
Deep sea rocks may be future source for rare earth metals
Are Hydrogen Fuel Cell Vehicles Dead On Arrival?
Scientists Discover How to Generate Solar Power in the Dark
An OPEC Nation Ships Its First Oil in 9 Months
EU agrees to Putin's call for gas security talks
Bulgarian minister makes passionate case for South Stream pipeline
Fracking Sand Spurs Grain-Like Silos for Rail Transport
New Wind, Solar Power Cheaper Than Nuclear Option, Study Shows

## Infrastructure scavenging ##
Thieves take 60,000m of copper cable from Eircom (Ireland)

## Got food? ##
On Your Mark, Get Set, Grow: A Guide To Speedy Vegetables
Eggs Rise to Six-Year High for Easter: Chart of the Day
Beef, Pork, Shrimp, Eggs, And Now Orange Juice
Booming demand pushes Florida to limit sea cucumber harvest
Hunger is a 'silent crisis' in the USA
Holy Guacamole! Chipotle to Raise Prices as Costs Soar
Coffee surges on renewed concern about crop
The 10 Fastest Rising Food Prices

## Lifestyle Solutions ##
The End of Employment
Get started now on downsizing. -- RF

## Environment/health ##
Radioactive Waste Booms With Oil as New Rules Mulled
Oilfields are spinning off thousands of tons of low-level radioactive trash as the U.S. drilling boom leads to a surge in illegal dumping and states debate how much landfills can safely take.
Coral eating worm plagues reefs
Thousands more Norwegian farm salmon escape in latest incident
Industrial Smog Amplifying Extreme Weather: Study
Legacy of US Nuclear Weapons Still Killing Uranium Miners Decades Later: Study
Sars Research Lab Loses 2,000 Tubes of Killer Virus
EU seeks to cut plastic bag use by 80 percent by 2017
Rising number of MERS fatalities in the Kingdom alarms the public (KSA)
Mr. Poo mascot created to reduce public defecation in India

## Intelligence/propaganda/security/internet/cyberwar ##
Kill switch: Apple, Google, Microsoft, Samsung and Carriers Back Anti-Theft Measures for Smartphones
Glenn Miller Claims He Was an FBI Informant
Give Me Your Google Glass and Nobody Gets Hurt!
Obama Whistleblower Program Requires Whistleblowers to Register to be Protected
Court Declares That, Yes, Bloggers Are Media
Retailer Michaels Stores confirms payment card data breach
Lavabit, Company That Defied NSA Surveillance, Loses Appeal
5 surefire ways to get taken by identity thieves

## Systemic breakdown/collapse/unsustainability ##
Peak Soil: Are We Taking More Than the Earth Can Give?

## Japan ##
Canary In the Yen Shaft: $10 trillion JGBs; No Bids!
Nothing could be more fraught with danger than to see the most massively indebted government in the world destroy its own bond market in pursuit of the very Keynesian doctrine that every major central bank in the world is today practicing. Yet that is exactly what the world class fool running Japan Inc.—at least for the moment—is on the way to accomplishing.
Why Japanese bonds look 'terrible': Kyle Bass
Despite doubts, Japan prepares end to ban on defending allies
Manager at Japan's Fukushima plant admits radioactive water "embarrassing"
Nuclear fuel cycle in need of alchemy amid waste disposal problems
Dose study kept from returnees
The government kept a report about a study of individual radiation doses around the Fukushima No. 1 nuclear plant — including an area recently released from an evacuation order — under wraps for six months.
Japan's power supply to become tight in summer but no blackouts expected
Bird fu in Japan has same virus type as S. Korea flu
Japan's indigenous stealth jet prototype 'to fly this year'
Japan makes two more oil payments to Iran
Gov't cuts economic view after sales tax
Population decline hinders economy

## China ##
Real estate prices beginning to drop across inland China
Real estate prices are dropping in China's inland cities. This decline could increase the risk of more bad debts as the country's economic growth slows.
The richest man in Asia is selling everything in China
China oil demand sluggish as slowing economy curbs energy use
How China's Near-Defaults Avoided Going Bust
China: 20% of our arable land is polluted
China factories face new challenge as growth slows

## UK ##
Food banks see 'shocking' rise in number of users
Infants 'unable to use toy building blocks' due to iPad addiction
The Association of Teachers and Lecturers warn that rising numbers of children are unable to perform simple tasks such as using building blocks because of overexposure to iPads
Stagecoach to cut its fleet by 14 after depot closure
Channel Tunnel train delays cause 'chaos'

## US ##
What's the Difference Between Fascism, Communism and Crony-Capitalism? Nothing
New Report from Princeton and Northwestern Proves It: The U.S. is an Oligarchy
GM to ask bankruptcy court for lawsuit protection
General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.
California Plans For A Hydrogen Future
Plan all you want. It ain't coming. -- RF
Holy Bible Could Become Louisiana's Official Book
Debt Burdens Soar for Major US Companies
The "Housing Recovery" Is Complete: Major US Banks' Mortgage Originations Tumble To Record Low
Housing Bubble 2.0 Veers Elegantly Toward Housing Bust 2.0
The Retirement Reality Gap
Where's My Flying Car? Survey Sizes Up How We See the Future
Bank of America's financial crisis costs become a recurring nightmare
In Preemptive Strike, Oklahoma Bans Efforts to Increase Minimum Wage
Ahead of earnings, McDonald's arches showing cracks
Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek
Is Miami the next Monaco?
If Miami real estate is a bubble, it's still inflating fast.
Charleston Man Receives $525 Federal Fine for Failing to Pay for a $0.89 Refill
Some of you may wonder why of all the stories out there today I decided to focus on the $525 fine a construction worker in South Carolina received a for refilling his drink without paying. The reason is to highlight the difference between what happens when a peasant breaks the law versus when a banker does it.
Your retirement is in danger: Save it

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