Tuesday, April 29, 2014

 

News Links, April 29-30, 2014

## Global Ponzi meltdown/House of Cards ##
Siemens to cut thousands of jobs as part of new strategy: report
Cut, baby, cut! -- RF
Time to Act: Pension Funds are Drying Up
The Global Boom Falters: Asia's Big Four Exporters—China, Japan, Taiwan, South Korea—Hit Skids In Q1
Berthing pains for Asia's rich put wind in the sails of marina developers
Marina developers in Southeast Asia are racing to build berths to address the latest problem vexing Asia's rapidly growing ranks of ultra-rich: insufficient parking lots for their superyachts.
A Critique of Piketty's Solution to Widening Wealth Inequality
More on neofeudalism. Dig it. -- RF
TPP Is Right Where We Want It: Going Nowhere
Labour crunch hurts Malaysian palm oil growers as Indonesians stay home
A slump in the number of Indonesian workers applying for jobs in Malaysia's palm oil sector is worsening a labour crunch that industry players say is taking a heavy toll on the export earnings of the world's second-largest grower of the edible oil.
The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP
LEAKED: Draghi's Sudden Switcheroo On QE
Slow Motion Bust - The Long Goodbye - One-Sided Incentives
Is James Rickards Right About A Coming Monetary Apocalypse?
Jim Rickards: All Roads Lead to the IMF; SDRs to Replace Dollar as New World Currency
"Strip private banks of their power to create money": Financial Times' Martin Wolf endorses Positive Money's proposals for reform

## Airline Death Spiral ##
Norwegian Air halts talks to buy Dreamliners, may quit Ireland
Frontier Airlines Now Charging for Carry-on Bags
Air China first-quarter net profit falls 63 pct

## Fault lines/flashpoints/powder kegs/military/war drums ##
Blessed by US, Egypt's Assault on Human Rights in Overdrive
Mass death sentences and criminalization of opposition groups marks path back towards military dictatorship
How the US Supports Regimes That Support Terrorism
The friend of my enemy is my friend… or something like that. -- RF
AFRICOM Goes to War on the Sly
DoD quietly expanding AFRICOM missions
Corner those African resources! -- RF
US and Gulf states plan missile defence system to counter Iran
Obama Says U.S. Military Not An Option In Ukraine
Russia hit by sanctions: How Big Oil is reacting
Ukraine separatists seize second provincial capital, fire on police
Rosneft, Exxon to explore Russian arctic
Saudi Princess Sahar calls for uprising against father's regime
Daughters of Saudi King Abdullah say he is holding them hostage
War-Torn Iraq Prepares for Bloody Wednesday Election
Kerry draws fire for reported comment about 'apartheid' and Israel
Putin's oil tsar emerged from shadows to wield vast power
Ron Paul Is Right: Yemen Drone War Is Making More Terrorists, Not A Safer America
50 killed in bomb attack on rally, police and troops voting in Iraq
Debt Rattle Apr 25 2014: Is America Preparing For The Wrong War?
The West Prepares: These Are All NATO Aircraft Deployments In Response To The Ukraine Crisis
U.S. Navy orders 10 more nuclear submarines
China Slams US Over Russian Sanctions; Warns "Will Escalate Tensions"
Russia vows to hit back at Japan for denying visas to 23 people

## Global unrest/mob rule/angry people/torches and pitchforks ##
Demanding 'Just and Sustainable' Economy For All, Thousands March on Congress
Pro-Ukraine Demonstration in Donetsk Turns Violent
Turkish protesters express outrage at Egyptian death sentences

## Energy/resources ##
Asian coal miners pursuing self-defeating output gains
Coal Increasingly Seen As Option For European Energy Security
Fracking regulation: Is This Issue About to Explode for Big Oil?
Iran, Russia discuss electricity deals
Kerosene made from CO2 and water
Nothing said about the energy balance of the process. All the technological hocus-pocus in the world won't save industrial civilization without a high energy return. -- RF
Kashagan oil restart not expected this year
Output at Kazakhstan's huge Kashagan oilfield is not expected to restart this year after an investigation revealed that long stretches of oil and gas pipelines may need to be fully replaced, the project consortium said on Monday.
China wants stable partnership with Brazil for oil and natural gas projects
UAE Grants China Right To Develop Abu Dhabi Oil Fields
UK and Ireland fire ice gas reserves 'would be difficult to exploit'
Putin says Russia may reconsider Western participation in energy projects
U.S. probes waves as source of energy
Exxon's $900 Billion Arctic Prize at Risk After Ukraine
Biggest LBO Ends in Bankruptcy as Energy Future Files; Ranks With Enron's Collapse
Japan, France to work together on next-generation reactors
Nuclear renaissance: U.S. expects about 10 pct of nuclear capacity to shut by 2020
BP warns on oil output as profit falls
Large part of Kenya hit by power grid failure
Pakistan cuts prime minister's electricity for not paying bills
UP-NCR power crisis to worsen

## Got food? ##
Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity
Vermont Becomes the First State in the U.S. to Require GMO Labeling – Why This is a Very Big Deal
Possible Food Poisoning Sickens 100 at Food Safety Summit
Exclusive: War-ravaged Syria may face worst wheat harvest in 40 years
More Moola for Your Next Gallon of Milk
Firms entering vegetable factory business (Japan)

## Environment/health ##
Saudi Arabia: eight more deaths due to MERS
EU should halve meat, dairy consumption to cut nitrogen-report
Brazil Greenlights Plan to Unleash Genetically Modified Mosquitoes
Report card for U.S. youth physical activity: Poor

## Intelligence/propaganda/security/internet/cyberwar ##
Hacker "Weev" is Released from Prison, Starts Hedge Fund Called TRO LLC, Appears on CNBC
You've Got Hacked: AOL Confirms 'Significant Number' of Mail Users Hit
Suspicious Deaths of Bankers Are Now Classified as "Trade Secrets" by Federal Regulator
The White House Wants to Issue You an Online ID

## Systemic breakdown/collapse/unsustainability ##
Detroit Homeowners Gun Down Burglars as Police Wait for Cars
Why Popping the Credit Bubble Would Destroy the US Empire

## Japan ##
Photographer says Fukushima disaster worse than East Timor, Somalia conflicts
Survey: Half of Fukushima evacuee households split up; distress rife in families
Nearly half of households that evacuated following the Fukushima nuclear disaster have been split up while close to 70 percent have family members suffering from physical and mental distress, a survey showed.
Report from Fukushima: lots of cleanup to do, not enough workers to do it
Japanese Manufacturing PMI Collapses At Fastest Pace On Record; Drops To 14 Month Lows
Tokyo-area blackout affects 300,000 households, stops trains
Japan's shrinking society 2 / Companies must transform as population shrinks
Finance to set up JGB division dedicated to overseas sales
The Finance Ministry will launch a division in July dedicated to promoting sales of Japanese government bonds overseas because the amount of outstanding bonds is building, ministry officials said Tuesday.
Some Economists See Bank of Japan Holding Fire All Year
Ahead of secrets law, information concealed on nuclear facilities

## China ##
In wealthy Chinese city, debt guarantees spark default contagion
China's Hebei Reports Growth Slump on Capacity, Pollution Curbs
'Chain reaction' default risk looms in China - Credit Suisse
China labor activist held over online "disturbance"
China's Income Inequality Surpasses U.S., Posing Risk for Xi

## UK ##
Long-term jobless to have to scrub war memorials and historic monuments
Long-term unemployed people will have to clean war memorials, restore historic monuments and look after animals at city farms to keep their benefits from today.
Is London's Property Bubble Set To Burst? (PDF)
UK economy grows by 0.8% in first quarter
Britain faces bricks shortage, builders warn

## US ##
About that recovery: Low-Wage Jobs Crowding Out Fatter Paychecks
The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed
America's Nine Classes: The New Class Hierarchy
Whether you agree or not, this is a good read and an interesting way of classifying people under America's quickly developing neofeudal system. -- RF
Fed fueling century's 'greatest bubble': Stockman
In NYC, a $185M tunnel that leads nowhere, for now
The 800-foot-long, 35-foot-deep concrete trench could someday lead to two new commuter rail tunnels under the Hudson River to New Jersey, if the billions needed to build them ever materialize.
Report: 4 in 5 US high school students graduate
Fed taper to cause 'severe recession': Economist
Driver Finds Himself Surrounded By Cops With Guns Out After Automatic License Plate Reader Misreads His Plate
Obama Asks for $302 Billion to Fix Bridges and Potholes
Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low
Hey, what happened to the "ownership society"? -- RF




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