Thursday, June 26, 2014


News Links, June 26-27, 2014

## Global Ponzi meltdown/House of Cards ##
U.S. economy shrank by 2.9% in Q1, sharpest drop since 2009
Argentina deposits debt payment, but U.S. court blocks payout
French Joblessness Soars To Record High; Rises For 36th Month In A Row
Russia considers yuan, ruble for Chinese gas deals
Are U.S.–Russia Tensions Heating Up? Reuters Reports Russia May Bar Firms from Using Foreign Banks
Turkey Sells 200 Tons of Secret Gold to Iran
PSA seeks 500 job cuts at French plant
PSA/Peugeot-Citroen will offer workers at its plant in Rennes, France, early retirement benefits as part of plan aimed at reducing headcount at the site by about 10 percent.
Bulgaria bond sale to go ahead despite bank run - sources

## Airline Death Spiral ##
Ageing population forces flight cancellations in Japan as pilots retire en masse
Japan's rapidly-ageing population is a growing cause for concern in the aviation industry, with widespread pilot shortages impacting thousands of flights in coming months
Etihad to acquire 49% stake in Italian airline
Alitalia is on course to be thrown a financial lifeline by Etihad Airways after the state-controlled Gulf carrier agreed to buy a 49 per cent stake in the Italian flag-carrier.
"Sweeping changes" needed at Malaysia Airlines – CEO
TSA Fee Increase: U.S. Airline Tickets To Get Higher Starting in July
European airlines face overcapacity & resurgent labour. Recent profit warnings make alarm bells ring
Middle East, Asia airports jockeying for status of global hub

## Iraq  ##
Islamist fighters reportedly attempting to encircle Baghdad
Iraq militants launch fresh raid on oil refinery
Iran sending drones, military equipment to Iraq, U.S. says
Iraq insurgents seize oilfields, hit air base as U.S. advisers arrive
Officials: Syrian Airstrikes Killed 57 Iraqi Civilians
Syrian warplanes have been notoriously inaccurate in attacking ISIS targets inside Syria, killing large numbers of civilians. Yesterday's strikes on the Iraqi side of the border have reportedly ended the same way, with provincial officials claiming at least 57 civilians killed and another 120 wounded in the airstrikes.
Reports: ISIL attacking Balad air base; could seize military gear
The Islamic State of Iraq and the Levant is threatening to take control of Balad air base, Iraq's largest airfield and one of America's most important military outposts during its occupation of the country.
Iraq Watch: Iraq's prime minister welcomes Syrian airstrikes, ISIS fighters reportedly an hour from Baghdad

## Fault lines/flashpoints/powder kegs/military/war drums ##
Officials: 4 explosions hit Cairo subway stations
Ex-CIA Officer Claims that Open Source Revolution is About to Overthrow Global Oligarchy
That would be great if it happened, but how great is the likelihood? Do not underestimate the power and influence of the global oligarchy. If the 1% feel threatened by the open source revolution, they'll take steps to cripple it. -- RF
Nigeria: At least 21 killed in rush-hour blast in capital
New Chinese map shows larger claims in South China Sea
U.S. says Thai military rule likely to last longer than expected
Russian parliament revokes authorization to use force against Ukraine
West readies package of sector sanctions on Russia
Thousands flee Ukraine for Russia; truce nears end
Obama Asks For $500 Million To Train, Equip Syrian Rebels
Chinese Navy ships arrive in Hawaii for military exercise

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thailand's coup: the general applies a full nelson
Net neutrality advocates arrested at Google HQ, call for national day of action
Massive End The Fed Organizer in Germany Gets Car Fire Bombed
Angry scenes as TEPCO shareholders demand end to nuclear power

## Energy/resources ##
Decommissioning: Striking the Right Balance
For economic reasons, much of this decommissioning will never happen. -- RF
'Acute' gas crunch fears push efficiency into spotlight
Energy security's ascent to the top of the political agenda was cemented at the EU's sustainable energy week yesterday (23 June), as a US ambassador to the EU, a Green MEP and the bloc's energy commissioner, Günther Oettinger all used the Ukraine crisis to highlight the importance of energy saving measures.
BP says to sign $20bn gas supply contract with China
Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline
Breakthrough in solar panel manufacture promises cheap energy within a decade
A Major Coal Supplier Gone Within Hours?
Hanging onto oil-rich Kirkuk may prove a challenge for Iraq's Kurds
Oil Directorate Chief: More Norway Oil Projects Being Delayed
Oil firms are delaying the development of oil and gas fields off Norway, the head of the agency tasked with managing the country's oil and gas resources told Reuters on Thursday. Her comments come after new figures show oil firms in Norway are cutting spending by more than 10 percent in 2015 compared with this year, pointing to lower economic growth for the Nordic country.

## Got food? ##
'Natural' Food Sounds Good But Doesn't Mean Much
Genetically modified grass for dairy cows sparks concern (Australia)
North Korea Mobilizes Army as Nation Faces Worst Drought in Over Three Decades
Fruit and vegetable prices going up as California drought continues
Research Could Lead to a New Breed of Superchicken
Move over, kale! Here is why insects are the next big superfood

## Environment/health ##
Global Report on 'Neonicotinoid Disaster' a 'Wake-Up Call' to Save the Bees, say Groups
With heat and humidity, areas will be 'unsuited for outdoor activity' (US)
Surging environmental crime funds conflicts, hurts growth: U.N.
Are Bee-Friendly Plants 'Poisoning Pollinators'?
Report finds that over half of 'bee-friendly' plants sold at major garden centers contain deadly neonicotinoids
U.S. retailers look to limit pesticides to help honeybees
Could Watching TV Kill You? Binge Watchers at Higher Risk
Illinois Bans Cosmetics Containing Microbeads
Iraq's Depleted Uranium Threat

## Intelligence/propaganda/security/internet/cyberwar ##
Microsoft fixes Exchange Online outage after almost 9 hours
Police Can't Search Cell Phones Without a Warrant: SCOTUS
In what is being heralded as a landmark ruling for civil rights, the United States Supreme Court decided Wednesday that police can not search the mobile phones of people under arrest without a warrant.
Why Financial Reporters Are Clueless: They Copy And Paste Keynesian/Wall Street Propaganda
Hospital Networks Are Leaking Data, Leaving Critical Devices Vulnerable
Two researchers examining the security of hospital networks have found many of them leak valuable information to the internet, leaving critical systems and equipment vulnerable to hacking.
Will car-hacking become the new carjacking?
Google Glass Hacked, Can Record Everything You Stare At
Hackers have already proven smarter than smartphones or just about any other connected electronic device, and soon they'll hack into your fridge, thermostat, and toilet. The NSA got into your files stored in the cloud's "secure" data centers. Chinese authorities got everything on your laptop that you left in your hotel room while going for quick beer at the bar downstairs. And now Dutch hackers, um "computer experts," have commandeered Google Glass to take pics and videos of everything you're looking at.
Thai junta sets up panels to crack down on critical news reports
Google starts removing links for 'right to be forgotten' searches
Predicting crime, LAPD-style
Cutting edge data-driven analysis directs Los Angeles patrol officers to likely future crime scenes – but critics worry that decision-making by machine will bring 'tyranny of the algorithm'

## Systemic breakdown/collapse/unsustainability ##
"Three Es Suggest Massive Change is Upon Us" Chris Martenson's Accelerated Crash Course
Canada's coming economic headache: A serious shortage of skilled workers
Could Gang Violence End Mexico's Shale Dream?

## Japan ##
Massive air bag recall could drive Takata into the red
Japan is Dropping Hints of a Potential Exit Strategy
Gasoline prices up for 9th straight week
Japan's population falls for 5th straight year
Japan Inc. charging more for services amid labor shortage
Japan's World Cup loss dashes retailer hopes for sales bonanza
Casino legislation? Abe says you bet
Japan to experience nuclear-free summer
Japan's Kyushu, Hokkaido Electric get approval for bailouts
Japan's Kyushu Electric Power and Hokkaido Electric Power received shareholder approval on Thursday for bailouts from a state-backed bank as the utilities struggle to cope with losses from a prolonged shutdown of nuclear reactors.
Three Japan public pension funds buying stocks ahead of asset review - sources
Tokyo Keeps Growing as Japan's Population Falls

## China ##
China Finds $15 Billion of Loans Backed by Fake Gold Trades
China's chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals.
China sends 1st minister-level official to Taiwan
Chairman Of China's Largest Copper Producer Commits Suicide By Jumping From Hotel
Chinese metal imports drop amid concerns of financing fraud
Chinese imports of copper and iron ore are plunging as authorities crack down on shady loans collateralized by stockpiles of the metals.
China sends dissidents on free holidays
Activists tell of 'being travelled' – sent on lavish trips, chaperoned by police – to keep them out of the government's way
Hangzhou and Suzhou Lose Shine Among Real Estate Investors
China's Manhattan Project Marred by Ghost Buildings
China's project to build a replica Manhattan is taking shape against a backdrop of vacant office towers and unfinished hotels, underscoring the risks to a slowing economy from the nation's unprecedented investment boom.
Chinese IPOs: a zero-sum game

## UK ##
Scotland's NHS 'teetering on the edge of collapse'
UK 'could run out of land by 2030' as housing, food and energy compete for space
The UK could run out of land to meet its growing demands for food, housing, green energy and environmental protection by 2030, according to a Cambridge University-backed report.
Ahem! This would seem to be at odds with the infinite-growth paradigm. -- RF
GP services are imploding as surgeries 'at risk of closure'
Two-week waits for GP appointments have become 'common', doctors have warned, while thousands could be left without a family doctor entirely due to financial cutbacks.
Only 86 homes for sale in London are affordable, report finds
Coventry City Council to turn off 170 street lights as part of plan to save £60,000
The homelessness crisis in England: a perfect storm
Last year, 112,070 people declared themselves homeless in England – a 26% increase in four years. At the same time, the number of people sleeping rough in London grew by 75% to a staggering 6,437. Why? A £7bn cut in housing benefit, welfare reforms and a huge lack of affordable housing
Britain's armed forces will be like a banana republic's if MoD keeps cutting costs, says ex-CDS Lord Richards

## US ##
U.S. Economy Shrank in First Quarter by Most in Five Years
Diving Into the GDP Report of -2.9% Growth
The Message In The Q1 GDP Shock: Massive Windfalls For The 1%; Hardly 1% Growth For The Masses
Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated
Over at, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers.  According to his figures, the U.S. economy has actually been continually contracting since 2005.  That would mean that we have been in a recession for the last nine years.
The Coming Global Generational Adjustment
All sorts of promises, explicit and implicit, were issued to win votes. All the promises are now empty, and we might as deal with this reality head-on... The bottom line is that the promises cannot and will not be kept. The promises were issued in an era of cheap, abundant fossil fuels and favorable demographics.
U.S. to face multibillion-dollar bill from climate change -report
DICK CHENEY: There Will Be Another 'Massive Attack' On America That's 'Far Deadlier' Than 9/11
The Happy Story of Boomers Retiring on Their Generational Wealth Is Wrong
Power outages to tainted water: Main St. braces for climate change
The chasm between the real economy and stock market: Baltic Dry Index down 60 percent and CNBC viewership near record lows. Where is the wealth in the US?
Warning for GM and Ford – Car Loans Becoming the Next Bubble in Banking
Bank of America to cut 540 jobs at Charlotte legacy assets unit
Cut, baby, cut! -- RF
For most families, wealth has vanished
WATCH: 'Code Black' clip shows overcrowding in U.S. ERs
'The eyes don't lie': Worcester County Sheriff implements iris scan at Nelson Place School to safeguard children
The Worcester County Sheriff's Department brought its iris scan program to Worcester's Nelson Place School with hundreds of students being added to a national registry.
If The Clintons Are Worth 50 Million, Why Do They Get Nearly A Million A Year From The Taxpayers?
Just How Crazy Is The Biggest Credit Bubble in History? See The Doomed Muni Tobacco Bonds In Your Conservative Bond Fund
'Consigned to Financial Ruin': Evictions Fueling Economic Disadvantage
Parents to grads: Those student loans are your problem
Chicago lays off 1,150 teachers, staff
Bitcoins to Become Legal Currency in California; Bill Awaits Signing by Gov. Brown; Commodities vs. Currencies
Consumers splurge on cars in May, that's it

And finally...
Man claims to have lived on Mars for the last 17 years
Move over, John Carter! -- RF

<< Home

This page is powered by Blogger. Isn't yours?