Monday, May 12, 2014


News Links, May 8-9, 2014

## Global Ponzi meltdown/House of Cards ##
Barclays now said to plan 20,000 job cuts
Cut, baby, cut! -- RF
Did the U.S. Economy Just Turn Negative?
Shocking US jobs data impugns recovery, Fed tapering
IMF Loan to Ukraine in SDR, not US Dollars
How the Middle Class Lifestyle Became Unaffordable
In essence, the state has no choice: to save itself, the middle class must be sacrificed. From the point of view of global capital, the ideal partner is a powerful central state that imposes cartel pricing on the economy: $200 million a piece F-35 fighter jets, $100,000 college diplomas, $200,000 medical procedures, $1,000 a pill medications, etc. From the point of view of the state, it's more important to protect corporate profits and preserve the ability to borrow another trillion dollars at near-zero interest rates than it is to restore a vibrant middle class.
Fear of economic blow as births drop around world
Good news for the Earth, bad news for brain-dead "growth" advocates. -- RF
Canadian retailer Jacob files for bankruptcy, to close all 92 stores
Alibaba files for what may be biggest tech IPO
Gold industry shifts east as Dubai plans huge refinery
In the desert on the outskirts of Dubai, one of the world's biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry.
China Demands Gold As Collateral For Zimbabwe Loans
Marc Faber Redux: "I Don't Trust Anyone... Hold Gold Outside The US"
End of oil boom threatens Norway's welfare model
Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.
Vietnam Stocks Crash Most In 13 Years As China Tensions Escalate
Russia Faces Expanding Regional Debt Crisis
Sanctions meant to hurt Russia take bite in Europe
Treasury Undersecretary David Cohen, in Paris as part of the Obama administration's push to bolster European support for broader sanctions, acknowledged that the measures are also inflicting pain on companies in the United States and especially Europe, whose banks and energy firms have deep Russian interests.

## Airline Death Spiral ##
The 27-Inch-Pitch Airline Seat Is Coming
Tiger Air Names Lee New CEO After Losses in Four of Six Quarters
More Travelers Are Fighting Back to Avoid Airline Baggage Fees
Airlines ask Congress to roll back airfare rule

## Fault lines/flashpoints/powder kegs/military/war drums ##
Chinese, Vietnamese navy ships collide, sparking standoff
Vietnamese and Chinese ships collided Wednesday near a Chinese oil rig in waters claimed by both nations in the South China Sea, further escalating a rift that began when China began drilling near a disputed island group last weekend.
PLA monitoring foreign submarines in South China Sea
USS Blue Ridge confronts PLA warships in South China Sea
Russia and the Ukraine – The Worrisome Connection to World Oil and Gas Problems
Ukraine deploys 15,000 troops to Russian border, NATO beefs up forces in E. Europe – Moscow
Pentagon Millions Subsidizing Ukraine's Border Guards
Here Comes Crimea 2.0: Following Referendum, East Ukraine Votes To Become Part Of Russia
U.S. CREATED a Terrorist Safe Haven In Libya
Chinese Police Will Soon Patrol The Streets Of Paris

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Going Global': Fast Food Worker Strikes to Sweep 6 Continents
Code Pink protests at White House against drones
Missouri Protesters Arrested After Demanding Their Lawmakers Pass Medicaid Expansion
Venezuela arrests hundreds, sparking opposition protest

## Energy/resources ##
Problems At Petrobras Mount As Brazil's Oil Production Stagnates
Oil Industry Risks $1.1 Trillion of Investor Cash: Study
Oil explorers like Exxon Mobil Corp. and OAO Rosneft risk wasting $1.1 trillion of investors' cash through 2025 on expensive, uneconomic projects from the Arctic and deep seas to tar sands, according to a study.
Norway's Petoro: Oil Firms Must Drill More And Halve Costs
Energy firms need to halve the costs of drilling for oil and gas off Norway and drill twice as many wells per year to prolong the country's oil and gas production, a state-owned oil firm said on Thursday, underscoring the challenges facing the industry.
Russia Claims Ukraine's Black Sea Oil And Gas Bounty
Fuel Crunch In Florida As Hurricane Season Approaches
High price of electricity spurs protests and theft in Guatemala
Venezuela to Ration Electricity After Colombia Cuts Gas
Venezuela's government announced the start of electricity rationing in western Zulia state as well as water rationing in Caracas to reduce demand on the power grid, a day after Ford Motor Co. (F) halted production in Latin America's largest oil exporter.

## Got food? ##
Malacañang moves to secure food supply amid El Niño (Philippines)
For Many, Farming Is A Labor Of Love, Not A Living
When huge farming operations collapse (and they will), small operations will become our lifeline. -- RF
Vermont law requires labeling of GMO foods
As hundreds cheered, Gov. Peter Shumlin signed a law Thursday that puts Vermont on the path to be the first state to require labeling of genetically modified foods and promptly announced an online fundraiser to battle expected legal challenges from the food industry.
Carbon Pollution and the Coming Threat of "Hollow Food"
"Growing your own food is like printing your own money." (Video)

## Lifestyle Solutions ##
What It's Like to Live in an 84-Square-Foot House

## Environment/health ##
Ocean data points to strong El Nino: climate scientist
Great Barrier Reef Facing 'Unprecedented' Threat from Coal Expansion
Blazing heat makes polar votex a distant memory
Drought has Wichita Falls running dry
Caracas to begin four months of water rationing
New life: Scientists create first semi-synthetic organism with 'alien' DNA
Fear the Camel: Why a deadly new virus will be so hard to stop.
Saudi Arabia finds another 18 MERS cases as disease spreads
Little help for a million Californians on wells in historic drought
New research confirms that our electronics and radio waves disrupt migratory birds
Denizens of the deep surface in mysterious profusion / Temperature decrease may be a factor (Japan)
Shale Gas Plagued By Unusual Methane Leaks

## Intelligence/propaganda/security/internet/cyberwar ##
The War Party's Cover Story About Iran's Nukes: Six Refutations By Gareth Porter
Yahoo Won't Honor 'Do Not Track' Requests From Users
You're being followed: New digital tracking technologies keep tabs on your every move
FEC Chairman Lee E. Goodman Warns of Forthcoming Government Media Censorship
Tech Giants Blast FCC Chairman's Attack on "Free and Open Internet"
German spying investigators to call on Snowden
Thanks to Snowden, House Moves Forward on Anti-Spying Legislation

## Systemic breakdown/collapse/unsustainability ##
Traders Scan Brains in Hunt for Profit-Enlarging Pill
Labor Shortage Causing Higher Home Prices
Americans love "Shark Tank" but few are becoming entrepreneurs: Brookings

## Japan ##
Japanese man arrested for possessing handguns made by 3D printer
FYI: In Japan the general public may own only hunting rifles; all other firearms are prohibited. -- RF
Towns, small cities likely to lose half their women by 2040: think tank
Some 50 percent of Japan municipalities may disappear
Japan may allow SDF to support multinational forces in combat
Former Fukushima nuclear plant worker sues TEPCO over radiation exposure

## China ##
China Exports to Recover, But Hardly
A Dark Corner in Chinese Shadow Banking: Cash via Credit Cards
Chinese developers pull back as property downturn hits economy

## UK ##
The forgotten army of over-50s women, whose unemployment has jumped by 45% since 2010

## US ##
First-Quarter Economic Slump Looking Uglier by the Day
It now looks like the world's largest economy contracted in January through March instead of eking out a 0.1 percent gain at an annualized rate as reported by the Commerce Department last week.
The "Economic Recovery" Continues: Businesses Are Being Destroyed Faster Than They Are Being Created
Jail the Bankers? Obama Has Been Their Staunchest Defender
Forget "Too Big To Fail"…We Now Have "Too Big To Audit"
Explosive Hidden Leverage Threatens To Blow Up the Markets
Companies' stock soar after slashing workforce
US consumer credit soars on auto, student loans
Less than half of 12th-graders can read or do math proficiently
The Economics Of Marriage
Greenbacks rule: All-cash deals hit 43% of total home sales in 1Q
Hillary Clinton says US must rein in gun culture
Boston Fed to cut 160 jobs
10 peaking megabubbles signal impending stock crash
I'm worried about a crisis bigger than 2008: Faber

And finally...
Seeing Jesus in your toast? Don't worry

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