Thursday, May 15, 2014


News Links, May 13-16, 2014

## Global Ponzi meltdown/House of Cards ##
$80 Million Clock-Themed Amusement Park Goes Bust in China
Mortgage rates in Canada just fell below 2% from lenders
Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade
Are the dollar's carry trade days numbered?
Russia Dumping US Treasuries? But Why the Heck in Belgium?
Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion
Coming Major Slowdown in Germany - How to Play It
Like So 2000: Wall Street Pumps Crashed Internet Stocks
More costs equals no new jobs: IT firm CEO (US)
The rising inequality in the global feudal housing market: Big money devouring real estate assets at the expense of traditional buyers.
The Most Expensive Billionaire Homes In The World
Asian Junk Left Behind as Defaults Expose Cracks: Credit
Russian Economic Power Driving Wedge Between Indebted Western Governments
Russian Bank Lures German Savers As Russians Yank Out Money
Sears Holdings says could sell its majority stake in Sears Canada
SAP to cut between 1,500-2,500 jobs as cloud takes over
Ukraine Just Issued $1 Billion Bonds Backed By The US Taxpayer

## Airline Death Spiral ##
Airlines still in the red, cut losses
Global airlines were still in the red for the first quarter of this year, but the amount of net losses narrowed by 61%. A sample of 23 major airlines, picked by the International Air Transport Association (IATA) to reflect the state of the industry worldwide, showed combined net losses of US$417 million, down from $1.07 billion in the same period last year.
Ryanair cuts 222 routes in the last year
Fleet restructure costs weigh on LATAM Airlines earnings
Beijing Plans to Spend $14 Billion on Second Airport
Garuda & Citilink 1Q losses widen
Qantas to shed 100 pilots as part of mass job losses
Macon could lose airplane service again
What Airlines Really Charge (In 1 Simple Table)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Debt Rattle May 12 2014: American Crimes Against Humanity
10 years after peak oil in Vietnam: Asian Century sails into troubled waters in the South China Sea
China Deploys Submarine Near Vietnam Oil Rig, 86 Vessels Now Present
Kim Jong-un could flee to China if regime collapses
Russia may lift limit on Chinese investments amid US, EU sanctions
Why EU Sanctions are a Bluff
White House Sees No Conflict in Hunter Biden's Ukraine Gas Job
De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar
France Thumbs Nose at Obama Over Sanctions: Will Deliver Two Warships to Russia
Kidnapped Girls Become Tools of U.S. Imperial Policy in Africa
Assad may have won the civil war
EU elections 2014: 'I can hear the boots of the 1930s marching through Europe'
The Neo-Nazi Revival In Eastern Europe Has Deep Roots—-Back To The CIA's "Sheep-Dipping" Operation In The Late 1940s
Abe to Seek Public Backing on Bigger Role for Japan's Military
1,100 Missing Indigenous Women Reflects Human Rights 'Crisis' in Canada
Human rights violations against members of First Nations tribes in Canada has reached "crisis proportions," says a UN official who on Tuesday released the landmark report, The Situation of Indigenous Peoples in Canada.
From Prisons to Black Sites, US Hand in Global Torture Exposed
Amnesty International report on global torture exposes inhumane acts perpetrated by United States
Russia targets space station in retaliation for sanctions

## Global unrest/mob rule/angry people/torches and pitchforks ##
Rising Resource Costs Escalate Odds of Global Unrest: The critical 40% income-to-food threshold
If you were going to try and understand why revolts happen, but wanted to limit yourself to a single variable, you'll be hard-pressed to find something better than the price of food.
Vietnam mobs set fire to foreign factories in anti-China riots
Up to 21 dead, doctor says, as anti-China riots spread in Vietnam
The Deadly Tent Fire That China Doesn't Want People to Talk About
Stunning Images Of Chinese Riot Police Training For A "Working Class Insurrection"
Fast Food Industry Bracing Itself for the Biggest Round of Strikes Yet
Rebellion in the USA – Protesters Take Over Albuquerque City Council and Attempt to Arrest Police Chief
Top politician in Spain shot dead in public
The Department of Agriculture Launches Proposal to Purchase Submachine Guns (US)

## Energy/resources ##
Gazprom Sends Ukraine Gas Bill, Will Halt Shipments on June 3 if Unpaid
California Heat Pushes Power to Six-Year Seasonal High
Norway bets on global warming in Arctic oil and gas drive
Shareholder Returns - Another Aspect Of Era Of Austerity
Chinese coalmines suffer high cost and tax
Chinese coalmines are experiencing the tough situation. In the first three months, coal prices in China plummeted sharply, and even touched the bottom. Large-scaled coalmines are operating in the verge of loss, and some even register with huge loss.
Libyan oil operations closed since March, OMV says
Qatar drinking water demand seen surging 138% by 2020
A future of thirst: Water crisis on the horizon
Japan, S Korea to maintain Iranian crude oil import volumes in 2014
I have consistently maintained that the world needs Iran's oil. And the US knows it. -- RF
Breaking Bad: Iron ore smuggling heats up, prices cool down
Mexican officials said last week that they seized a drug cartel's vessel and the nearly 70,000 mt of iron ore it was carrying.
Russia Showing Interest In Natural Gas Investment In Turkey
Germany Hits Historic High, Gets 74 Percent Of Energy From Renewables
RWE profit tumbles as German energy upheaval grinds on
'Energy [R]evolution': Nearly 100% Renewable Is Doable, says Report
Sorry, I don't agree. Although I'm in favor of renewables, they are fossil fuel extenders. My crystal ball shows a vastly scaled-down future socioeconomic system, which will be achieved after a brutal shake-down period during which hundreds of millions of innocent people die from starvation, freezing, war, epidemics, and other causes for the sake of greed. Have a nice day! -- RF
SunEdison loss bigger than expected as solar plant sales fall
Musk Sees Need for Hundreds of Battery 'Gigafactories'
Putin: Ukraine must pre-pay for gas from June 1
South Stream on schedule for Hungary, Gazprom says
Gas prices shouldn't be high, but are. Here's why
Kashagan consortium to replace all pipelines at oilfield -Kazakh oil minister

## Infrastructure scavenging ##
Blackburn metal thieves strip gothic church organ
Ohio leads nation in metal theft

## Got food? ##
The Soaring Price of Limes Means Trouble: Are Asian Bugs and Climate Change the Culprits?
Fistfights amid long bread lines in Venezuela
Frugal U.S. consumers make it tough for food companies to raise prices
Climate Change Is Turning Your Produce Into Junk Food
Producer prices climb as food costs increase
Food prices Soar: CPI Posts Biggest Gain In 10 Months; Up 2% Y/Y; Real Wages Down
Meat Prices Surge Most In 11 Years

## Environment/health ##
Saudi Arabia reports 10 more deaths from MERS virus, 20 other cases
Sea Lions Are Starving to Death—and We Don't Know Why
Ohio measles outbreak largest in USA since 1996
Widespread Chemicals Affecting Human Sperm, Infertility
Study: Everyday chemicals that may increase breast cancer risk
Large-scale water use in California may cause small quakes: study
Tropical cyclones packing more punch further from the equator
Half the US affected by drought (map)
Wildfires are growing, and growing more costly
Cellphone use for half hour a day linked to tripled brain cancer risk, French researchers suggest
Pipeline Bursts in LA Neighborhood Spewing Thousands of Gallons of Crude
Massive dose of measles virus kills cancer cells
Five dead as worst floods in 120 years hit Serbia, Bosnia
Swimming Pool Chemicals Send Thousands to ERs, CDC Says
Tepco to release 'safe' groundwater within days

## Intelligence/propaganda/security/internet/cyberwar ##
Israel's Aggressive Spying in the U.S. Mostly Hushed Up
Glenn Greenwald: how the NSA tampers with US-made internet routers
Australia asked Americans for more help to spy on Australian citizens
Glenn Greenwald: from Martin Luther King to Anonymous, the state targets dissenters not just "bad guys"
Don't believe the argument that mass surveillance is only a problem for wrongdoers. Governments have repeatedly spied on anyone who challenges their power, says Glenn Greenwald in an extract from his book about Edward Snowden and the NSA, No Place to Hide
European court: Google must yield on personal info
Google Inc already flooded with 'right to be forgotten' take-down requests, source says
On The New York Times Ukrainian Coverage: All The News That's Fit To Omit
Michael Hayden Gleefully Admits: We Kill People Based On Metadata
The Building Blocks of Circuits, Now Ready to Wrap Around Your Internal Organs
Brazil unveils 'Robocop' suit to protect super-elite police unit during World Cup
Read It And Weep: More Keynesian Rubbish From Rupert's Knuckleheads
New cash machines: withdraw money with veins in your finger
Spying Is Meant to Crush Citizens' Dissent, Not Catch Terrorists

## Systemic breakdown/collapse/unsustainability ##
Third World America - U.S. Suburbs Become Ghettos
A man-made disaster: A mental health system drowning from neglect (US)
Cities All Over America Are Becoming Extremely Cruel To The Homeless
America sweeps its unsightly dirt under the rug. -- RF
The Regulatory State Goes Parabolic—-79K Pages Of New Rules; $1.9 Trillion Cost; Impact Per Family Exceeds Minimum Wage Job
Runaway growth in complexity is a distinctive feature of the accelerating rush toward systemic failure and collapse. Although the costs are typically expressed in monetary amounts, keep in mind that money just stands for energy, and that the increasing amount of energy consumed to prop up the system means less and less energy for society to use. -- RF
How to destroy a civilization
This focuses on unproductive investment, of which there is much. After all, much consumption is merely consumption for the sake of consumption, because if we don't have a lot of consumption, the economy is doomed. And if we do have a lot of consumption, the economy is doomed. Do you see a problem here? -- RF
Why China Will Implode: Its A Monumental Building Aberration, Not An Economy
Total Recall: GM Pulls 3 Million More Cars Due To Problems With Brakes, Lights, Wipers And Steering

## Japan ##
The Growing Catastrophe Known as Abenomics
Japan's working poor left behind by Abenomics
Sony posts massive annual net loss
Fast food workers demonstrate for higher pay
Japan's Current Account Surplus Collapses
Piketty on Japan: Wealth Gap Likely to Rise
Are Japanese Eating into Their Savings?
Once some of the world's biggest savers, Japanese likely dipped into their savings and spent more than they made in the fiscal year through March, the first time Japan's households have been in the red on an annual basis since World War II.
Bank Of Japan Prepares To Blame El Nino For Spending Collapse
Regulations, reduced demand significantly diminish Japanese oil refining capacity
Japanese Hotshots Become Moms, Hit Dead End; Abe Weighs Foreign Maids to Help
Japan Defense Academy Recruitment Jumps as China Tensions Rise
Shinzo Abe Eyes End to Pacifist Japan's Ban on Overseas Combat
Subcontractor warned after workers toil over 10 hours a day at crippled nuke plant
Gov't to order utilities to overhaul thermal plants ahead of summer peak power demand
Fingerprint deal clears Lower House
The Lower House on Thursday approved a deal with the United States to introduce a system to exchange fingerprint data on people suspected of terrorism, murder and other serious crimes.

## China ##
Chinese police hunt protesters after waste plant clash
Chinese gold demand 694 MT YTD
Pollution plagues China's Baoding despite bid to clean up act
"By just developing manufacturing facilities for clean energy, you aren't actually fixing your own environmental problems -- actually, you are making them worse by consuming energy and polluting more to manufacture the products," said Qi Ye, director of the Brookings-Tsinghua Center for Public Policy, who helped the city draw up its low-carbon strategy.
125 SWAT teams on city streets to ensure security at Asian summit
Housing Starts in China Plunge 25%; Did China's Property Bubble Finally Burst?
Questions arise about wisdom of huge China water project
Chinese nationals missing after riots in Vietnam
Chinese Nationals Flee Vietnam As Unrest Intensifies

## UK ##
London Falling Short on Affordable Housing Amid Boom
David Cameron: Taxes will rise unless we can raid bank accounts

## US ##
Brynner's Tax Spat Augurs Rush to Give Up U.S. Passports
Sales at U.S. retailers barely rise in April
Student Loans Soar To Record $1.111 Trillion, Up 12% In Past Year
The Student Loan "Un-Stimulus": Soaring Debt Is Shrinking Employment And Output
SEC Official Claims Over 50% of Private Equity Audits Reveal Criminal Behavior
Silicon Valley Billionaire Buys Popular Beach and Then Blocks Public Access
Dog-Bite Claims Set Record as N.Y. has Costliest Attacks
Slumping Retail Sales Mark Death of QE's Promise and Premise
9 People Struck in 6 Separate Philly Shootings
5 people, including students, shot near Atlanta high school
Florida Couple Fined, Threatened with Jail for Feeding Homeless
With Hundreds of Deaths, Feds Launch Investigation of Tires
More homes than ever are beyond the reach of the middle class
Can the Top 10% Prop Up the Whole Economy?
US consumer prices rise by most in 10 months
Walmart sales fall for fifth consecutive quarter
Indiana cops taser 10-year-old at day care
U.S. Economy Enters Second Quarter With This Bad News
Chicago Mayor Rahm Emanuel Reverses Course, Now in Support of Massive Tax Hikes and Non-Reforms; Approval Rating Plunges
Industrial Production Plunges By Most In 5 Years (Biggest Miss In 3 Years)

And finally...
Woman in her 30s faked age to enroll in high school, everyone totally buys it

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