Wednesday, May 07, 2014


News Links, May 6-7, 2014

## Global Ponzi meltdown/House of Cards ##
Biggest Credit Bubble in History Cracks, Trips Up The Smart Money
Here They Go Again: Wall Street Is Offering Debt-On-Debt-On-Debt!
Global Manufacturing PMI Plunges To 6-Month Lows
France, Germany push for 'Robin Hood' tax, seen falling short of early goal
Chart of The Day: Do Buy Dubai
And The First Thing Ukraine Will Buy With IMF Money Is...
Budget Strains Showing as S&P Warns on Local Debt: China Credit
The World's Poorest Continent May Not Have Food, But It Is About To Have A Monorail

## Airline Death Spiral ##
Airlines collecting less money for bag fees
Airlines are taking in less money from bag fees than they did two years ago, but they are making up for it by adding charges for a slew of extras, including getting a decent seat.
Lufthansa Narrows Loss as Efficiency Program Bears Fruit
Kent's Manston Airport to close on 15 May

## Fault lines/flashpoints/powder kegs/military/war drums ##
Vietnam Protests China Rig Placement in Disputed Waters
Vietnam denounced China for setting up an exploration rig in waters off its central coast disputed by the two nations, raising the prospect of an escalation of tensions between the neighboring countries.
US to unleash IRS on Russian banks
Ukraine's largest bank suspends cash operations in east
New York Times Admits that Russia Is NOT Sending Pro-Russian Fighters Into Ukraine
NATO's record 6,000-strong drills kick off in Estonia amid Ukraine tensions
10 More Years: Obama Secures Foothold for Killer Drone War in Africa
The United States has agreed to sign a long-term lease agreement with the government of Djibouti, President Obama announced Monday, cementing the U.S. military's presence at Camp Lemonnier, home to U.S. Africa Command (AFRICOM) and key foothold for the killer drone program.
China to extend over $12 billion in aid to Africa
China, Iran say they're 'strategic partners' as U.S. watches warily
New videos show more rebel groups in Syria have U.S.-made anti-tank missiles
US Recognizes Syrian Rebel Faction as 'Foreign Mission'
The Obama Administration has announced today that it will recognize the DC office of the Syrian National Coalition (SNC) as an official diplomatic mission, dubbing them the "legitimate representative of the Syrian people." … The State Department followed up the move with a promise for another $27 million in aid for the SNC. Such subsidies are effectively the group's only source of revenue, as it continues to lobby for more subsidies on the notion that it will eventually be installed by the US or other powers as the new government of Syria.
U.S.: Russian planes spotted near California, Guam
The Latest Flight MH-370 Shocker: A Two-Ton Cargo Mystery
CIA financed and trained paramilitaries disbanded in Afghanistan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Settlers mob Israel police over probe of racist attacks
British shale protests turn 'nasty'
Outrage and Protests Follow Guilty Verdict for OWS Activist
In China's Xinjiang, economic divide seen fuelling ethnic unrest

## Energy/resources ##
Gulf Arabs free fuel for Egypt reaches $6 billion in value
Gulf oil producers have given Egypt a free fuel lifeline totalling $6 billion in value to help fend off unrest on its streets in the summer when consumption soars, the head of its national oil company said.
44% street lights in Dubai to be switched off after 10pm
Street lights in some of Dubai's interior roads will be switched off after 10pm to save energy. A senior official from the Roads and Transport Authority (RTA) in Dubai confirmed the development saying 44 per cent of streetlights would be switched off.
Here's a "surprise" that we knew had to be coming. Glitzy, energy-rich Dubai is trying to conserve energy by switching off street lights! If Dubai is doing it, how far behind are many other countries? -- RF
No Single Solution Exists to Address Rising Capex Spending
An energy industry analyst said that "no single solution" exists to cutting oil and gas industry capital expenditures (capex), which are soaring globally as industry seeks to maximize production for technically challenging resources.
EU squares up to tough choices without Russian gas
Iran offers 'big volumes' of gas to Europe
Iran says its gas could reach Iraqi market
Iran keeps links to Chinese energy companies
KK hit by another blackout (Malaysia)
Kota Kinabalu: Another blackout hit the State Capital and surrounding areas on Monday, leaving many people fuming and flabbergasted that massive power outages are continuing to happen despite repeated assurances by Sabah Electricity Sdn Bhd (SESB).
Drought in Brazil hits hydropower and energy rationing is increasingly likely
Monitoring of generation, loadshedding begins (Pakistan)
Graphite Shortage Anticipated
While zero-emission, environmentally friendly, electric-powered automobiles are keeping American air clean, they are also partly responsible for millions of tons of pollution halfway around the world. The irony is difficult to miss.
The invasion of the resource zombies
Europe stuck with Russian gas dependence, say G7 ministers

## Got food? ##
Total Ban On GM Corn in France Follows Popular Opposition
Futures File: Price of young cattle soars
Cattle prices have been rising rapidly as the U.S. supply remains constrained. The beef industry is still struggling through a multi-year drought in Western states that has destroyed pastureland, making it difficult to grow the national herd. The relative shortage of animals is causing many ranchers to hold onto animals for the purpose of breeding, which further limits the market-ready cattle in the near term.
Recipe for hunger: Meet the '4%': Small number of farms dominates US

## Lifestyle Solutions ##
Financial secrets of the Amish

## Environment/health ##
Chikungunya virus epidemic spreads across Caribbean
Spread of Polio a Global Health 'Emergency,' Warns World Health Organization
Court takes up dispute over cell phone towers
Scientists Say 'Frackquakes' Are Going To Get Stronger
The man-made earthquakes that have been shaking up the southern United States only stand to get stronger and more dangerous as the controversial practice of hydraulic fracturing, or fracking, increases, scientists warned at a Thursday conference.
Rare Earthquake Warning Issued for Oklahoma
While scientists haven't ruled out natural causes for the increase, many researchers suspect the deep injection wells used for the disposal of fracking wastewater could be causing the earthquake activity.
How Fracking Is Exposing People to Radioactive Waste
How to Stop MERS: Gloves, Masks and Goggles
Chinese Man Dies From First Known Case of H5N6 Bird-Flu Strain

## Intelligence/propaganda/security/internet/cyberwar ##
Russians Claim 'Gross Human Rights Violations' By Ukraine
The Russian government published an 80-page report on Monday detailing "widespread and gross human rights violations" in Ukraine over the past six months for which it blamed the new government and its Western allies.
Data breaches: A new source of worry for CEOs
US officials: Extent of Israeli spying 'shocking'
Symantec Says "Antivirus Software Is Dead"
10 Examples Of How "Big Brother" Is Steadily Creeping Into Our Daily Lives
Facial recognition: is the technology taking away your identity?

## Systemic breakdown/collapse/unsustainability ##
Full Retard Alert: Brussels and Washington Scheme To Reverse Flow Of Russian Gas That Putin Controls!
Manpower Report: Power Industry Faces Talent Shortage
A report released on May 5 by staffing firm, Manpower, suggests that utilities are under a "double squeeze"—a shortage of skilled workers at both the entry and senior level—caused by an aging workforce, advances in technology, and a breakdown in the educational system.

## Japan ##
Japan to deploy P-1 aircraft in event of PLA sub attack
Japan, worried about China, strengthens ties with NATO
OECD warns Japan's economy may suffer inflation without wage growth
Abe administration seeks to allow use of force if 'Japan's existence' at stake

## China ##
China's Local Government Debt `Big Time Bomb' (video)
China Says It Unearthed a Military Spy Ring Involving 40 People
China hunting family members of Xinjiang bombers
China Watch: Fractures Widen As PMI Misses 6th Month In A Row
Chinese Firms See Revenues Collapse At Fastest Rate Since 2009
China's Property Bubble Has Already Popped, Report Says
Diamonds From Smog? China Plans To Try It
China pushes greater Beijing urbanization plan
Six wounded in knife attack at southern China rail station
China denies making preparations for collapse of North Korea regime

## UK ##
Collapse in pay lies behind Britain's return to work: Self-employed are hidden victims of recession, report warns
UK energy too cheap, says study
The government must urgently establish a strategic authority to oversee the future growth of Britain's ageing energy infrastructure, a study argues on Tuesday.
Jobseekers being forced into zero-hours roles
Letter from Conservative minister reveals plans to sanction unemployed people if they fail to agree to controversial contracts
One in three councils switch off street lights to save money and energy: Half also make roads darker by dimming bulbs
Bank must burst housing bubble
Force buyers to find bigger deposits, says OECD think tank, to slow booming market that could put economic recovery at risk
Switching off street lights helps me sleep, says Eric Pickles
Two thirds of councils are now dimming or switching off street lights at night due to financial pressures.

## US ##
Why America's Essentials Are Getting More Expensive While Its Toys Are Getting Cheap
The past decade in prices—and the story it tells about poverty and America.
Leaked Documents Show How Blackstone Fleeces Taxpayers via Public Pension Funds
Deadly side effect to fracking boom
Booming production of oil and natural gas has exacted a little-known price on some of the nation's roads, contributing to a spike in traffic fatalities in states where many streets and highways are choked with large trucks and heavy drilling equipment.
Inside America's Mountain of Debt: The Danger Of Lending Without Saving
1 in 13 children taking psychiatric medication in US
Zombie Towns' Days Numbered Under Pennsylvania Bill
Early Tap of 401(k) Replaces Homes as American Piggy Bank
Will Detroit Be The First Major Chinese City In The United States?
Neofeudalism on the march: The Destabilizing Truth: Only the Wealthy Can Afford a Middle Class Lifestyle
Home Sales Topping $100 Million Smash U.S. Price Records
The U.S. trophy-home market is shattering price records this year as an increasing number of residential properties change hands for more than $100 million.
Big Brother is Coming…To Your Brokerage Account
North Las Vegas faces same fiscal issues as insolvent cities - Fitch
Office Depot to close 400 U.S. stores, shares jump
Slowing Chinese economy likely to pinch US, too
Q1 Heading For Negative GDP Print—But The Hopium Band Plays On
This Is Exactly How You Destroy A Banking System

And finally...
Paris tourist endures high-speed taxi police chase - and gets stuck with the bill
Man wants to marry his porn-filled laptop

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