Monday, June 16, 2014


News Links, June 14-15, 2014

## Global Ponzi meltdown/House of Cards ##
Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too
The Baltic Dry Index Is Having Its Worst Year Ever
Millionaire population soars to 16M households
Portugal's Financial Situation Summarized in One Graph
Spain props up soccer amid crushing austerity
Mega-events may get less ambitious as Brazil counts World Cup costs
Plagued by delays and opposition at home, the World Cup in Brazil might be a turning point for sporting mega-events, forcing soccer's governing body and the International Olympic Committee to accept less ambitious bids to reduce the risk of public backlash.
Once a model for Africa, Ghana's economy loses its shine
March Indian Gold Import Highest In 10 Months
No Money Down Mortgages Another Sign of Gigantic Credit Bubble in China
Putin: "We Have to Think About How to Take this Money"

## Airline Death Spiral ##
Govt plans to save Merpati Airlines
The government has decided to save PT Merpati Nusantara Airlines as the cost of its bankruptcy is huge.
State to ready Malaysian Airlines restructuring 'within 6 to 12 months'
Malaysia will unwrap plans to restructure loss-making Malaysian Airlines within six to 12 months, a state investor said, as a slump in business since the disappearance of Flight MH370 leaves the carrier set to exhaust its cash reserves by mid-2015.
Air Traffic Controllers Still Working Crazy Shifts, Report Finds
Battle of Bags: Fliers Complain Over 'Arbitrary' Carry-On Rules
13 planes vanish from radars over Europe
As many as 13 planes flying over Europe vanish from radar screens in an "unprecedented" series of blackouts that lasted 25 minutes with claims air traffic control could have been hacked.
Mach 5, Anyone? Supersonic Flight Is Again Poised for Takeoff

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraq disintegrating as insurgents advance toward capital; Kurds seize Kirkuk
Refugee Crisis Overruns Iraqi Resources as Contractors Evacuate
Shiite clerical leadership urges Iraqis to defend country
Iraq crisis: Generals in army 'handed over' entire city to al-Qaeda inspired ISIS forces
Iraq crisis: Sunni caliphate has been bankrolled by Saudi Arabia
Iranian General In Charge of Defense of Baghdad as al-Qaeda Nears
There can be only one winner if America makes common cause with an old foe
If the US works with Iran to defend Iraq against the ISIS, then of course Iran will be the winner — for the second time. Note that the article does the reader a disservice by stating that "The history of the decades-long hostility between the two countries is well documented, starting with the occupation of the US embassy in Tehran following Iran's Islamic revolution in 1979." It certainly doesn't start there. Try going back to 1953. -- RF
Iraq insurgent advance slows, U.S. sends carrier to Gulf
Thousands of Iraqi men answer urgent call to arms
New Rules for Iraqis: Repent or Die, Say 5 Daily Prayers, Women Not Allowed Outside; Grim Massacres
Russia Warns Sweden and Finland Against NATO Membership
Rebels shoot down Ukrainian military plane, 49 killed
Russia's Smart Move to Asia
US State Department approves $241 million arms sale to Brazil

## Global unrest/mob rule/angry people/torches and pitchforks ##
Living As Refugees: A Tent City the World Cup Built (video)
First Nations Vow: There Will Be No Tar Sands Pipeline

## Energy/resources ##
Not so cheap: Australia needs to acknowledge the real cost of coal
Spain Caps Earnings From Renewables in Subsidy Overhaul
How Much Energy Will the 2014 World Cup Consume?
So while the 2014 World Cup is going to be bigger than ever -- it's shaping up to be the most watched, most lucrative and expensive tournament in soccer history -- it's also going to be one of the biggest energy-consuming, greenhouse gas-spewing World Cups in history.
Why higher Iran oil exports are not roiling nuclear deal
Without Iraq's oil, prices could hit $150-$200: Pickens
Iraq's oil industry faces setback to revival
Power outage looms large across India as coal stocks dry up in plants
Europe with no "Plan B" in case of power outages: experts
No backup plan is present should a Europe-wide power blackout occur, experts warned at a conference on "Sudden Blackout" in Vienna Thursday.
Ukraine braces for Russian gas cuts from Monday
Low-Cost Fusion Project Steps Out of the Shadows and Looks for Money
Renewable energy off to slow start, Statoil says
Norway strike could cut oil output by 100,000 bpd
Kashagan Group In Talks With Government Over Oilfield's Future
Ford Cuts Mileage Ratings for Second Time in a Year

## Got food? ##
Farmers boost biosecurity measures to fight a deadly pig virus
A superbug resistant to "last-resort" antibiotics has made its way into the food supply
A Glossary of Natural Garden Pest Control Solutions

## Environment/health ##
Diabetes reaches epidemic proportions in the US
Fourth year of drought hits Djibouti: U.N.
Djibouti is suffering from a fourth straight year of drought, which has driven a huge exodus of people from rural areas to the capital and caused a surge in disease and malnutrition, the top U.N. official there said on Thursday.
Conservation group: Over 20,000 elephants poached in Africa in 2013
Chikungunya virus reported in North Carolina

## Intelligence/propaganda/security/internet/cyberwar ##
UglyGorilla Hack of U.S. Utility Exposes Cyberwar Threat
New computer program aims to teach itself everything about anything
FCC examining reasons for Internet traffic jams
Online anonymity a right, Canadian court rules
Unmanned, manned helicopters on intel-gathering missions
Video of the Day – Introducing "iDouches," The Google Glass Wearers Who Claim Discrimination
New York Times Says "Lack Of Major Wars May Be Hurting Economic Growth"
A Disappeared Book on Wall Street History Provides a Dead Serious Warning

## Systemic breakdown/collapse/unsustainability ##
Study: Recession caused more than 10,000 suicides
You ain't seen nothin' yet. -- RF
GM recalls half million Camaros, safety crisis deepens
Honda's Takata airbag recall could top 1 million - source

## Japan ##
Japan's Abe unveils plan to cut corporate tax rate to spur growth
Japan to join nuclear treaty to facilitate U.S. cleanup aid
NRA reveals cesium readings for seabed off Fukushima No. 1
Anti-nuclear activists ratchet up pressure to block restart of Kagoshima reactors

## China ##
China's president calls for energy revolution
Xi told a meeting of Communist Party officials that China, already the world's largest energy-consuming nation, needed to "restrain irrational energy consumption" and impose controls on overall energy use, Xinhua said.
China's energy consumption 'unrivaled'
China's demand for oil and natural gas will be unrivaled within the next two decades, analysis from Wood Mackenzie finds.
China No-Money-Down Housing Echoes U.S. Subprime Loan Risks
Risky Business in China's Financial System
Complaints about air pollution in China's capital double in five months
China's Collateral Rehypothecation Fraud Is Systemic
China has second most millionaire households

## UK ##
Don't retire early, you'll get bored, minister warns
Gas man should be trained to spot elderly at risk of dying from cold, says health watchdog
More than 24,000 people die as a result of the cold each winter - three quarters of whom are over the age of 75

## US ##
CEO Pay Far Outpacing Workers' Meager Gains
The Neofeudal-Neoliberal Arrangement: Since We Own What You Need, We Own You
Junk Loan Market Getting "Silly And Sillier": Cov Lite Loans At All-Time High
The Generational Short: Banks, Wall Street, Housing and Luxury Retail Are Doomed

Cross latest attempt at stealth cellphone towers
The untimely end of San Francisco's Tech and Housing Bubbles
Recapitalizing Fannie, Freddie not viable: Treasury official
The economic war on the young
Sub-Prime Car Loans See a 'Sudden Jump in Late Payments'
Chelsea Clinton paid $600K by NBC
10 reasons you will never retire
Whooping cough declared an epidemic in California

And finally...
Man attacks brother with pot plants
Netizens across the world duped by Pokémon jet hoax

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