Sunday, June 29, 2014


News Links, June 28-30, 2014

## Global Ponzi meltdown/House of Cards ##
Loan Waivers Seen as Spain's Biggest Cement Maker Buckles
Cementos Portland Valderrivas SA (CPL), whose Madrid plant once rumbled under the weight of cement being transported to build Spain's biggest projects, doesn't have the cash for a 50 million-euro ($68 million) loan payment due June 30.
Puerto Rico agency debt slumps as law fuels default fears
Debt in some of Puerto Rico's biggest public corporations slumped in heavy trade on Friday after a new law allowing them to restructure their debt sparked ratings downgrades and fears of imminent default.
Half Of U.S. Gold Exports Head To Hong Kong
Mainstream press: The US's dollar domination is coming to an end
NIRP Strikes: Spain To Create Tax On Bank Deposits
Mini Tax Havens: How Europe's 1% Gets to Pay Only 1%
Iran resumes auto exports to Russia
Andrey Luganskiy, Russia's trade representative in Tehran, said the exports would allow Iran to acquire Russian currency, which it can then use to buy goods that it is unable to import from the West.
Swiss host Chinese central bank to discuss renminbi hub plan
Switzerland touted its qualifications to be a hub of renminbi trading on Friday, as its central bank chief and finance minister hosted People's Bank of China (PBOC) Governor Zhou Xiaochuan at a private event for Swiss and Chinese bankers.
What Piketty Forgot
The crisis of capitalism isn't just about the gap between rich and poor. It's about the gap between what's demanded by our planet and what's demanded by our economy.

## Airline Death Spiral ##
Thai Airways names new acting president
The board of Thai Airways International Pcl has appointed Air Chief Marshal Siwakiat Jayema as acting president from July 1 as the country's military rulers reshuffle and restructure the loss-making carrier hit by months of political unrest.
Age limit for pilots mulled amid shortage (Japan)
A transport ministry panel on Friday started discussing whether to raise the upper age limit for pilots, currently at 64, to deal with pilot shortages on the back of increasing air transport demand, especially in Asia.
Flying From New York to Singapore for $20,000
Tourists beware: 'Hidden fees' are increasingly common for airlines and hoteliers

## Iraq ##
Armed US Drones Flying Over Iraq
In Iraq, Coordination With Iran Not Impossible, Gen. Dempsey Says
Iraq's top cleric urges quick deal on new PM
Iraq helicopter crashes in airborne commando assault on Tikrit
ISIS isn't rich—it doesn't even have enough money
Battle for Tikrit continues as Iraqi government pushes back against ISIS
Drones, Troops, and Hellfire Missiles: US Involvement in Iraq Grows
Russian bombers, advisers arrive in Iraq to aid in fight against ISIS

## Fault lines/flashpoints/powder kegs/military/war drums ##
Correcting The NYT's False Narrative: Washington Triggered The Ukraine Crisis, Not Putin
Syrian rebels buckling in face of jihadis
The Syrian rebels that the U.S. now wants to support are in poor shape, on the retreat from the radical al-Qaida breakaway group that has swept over large parts of Iraq and Syria, with some rebels giving up the fight. It is not clear whether the new U.S. promise to arm them will make a difference.
ISIS declares establishment of caliphate, demands allegiance from all Muslims
Report: US fears Israel would be dragged into war with ISIS
New security force to debut soon in Mexico
With ISIS surging in Iraq, Europe fears rise in 'jihadi-tourists'
21 killed in bombing at Nigerian shopping mall
South Korea report two missiles fired in to its waters by North Korea
Turkey Could Double Its Arms Budget
Interceptions Rise as Russia Boosts Air Power
The Russian Air Force is upgrading its long-range aircraft, making the decades-old planes more lethal amid increasing encounters near US airspace, a top US general responsible for defending the American and Canadian airspace said.
America Seems to Be Losing Ukraine's War
Indications Its Kiev Regime Is Crumbling. Blowback to America Could Be Substantial.

## Global unrest/mob rule/angry people/torches and pitchforks ##
The Pitchforks are Coming…– A Dire Warning from a Member of the 0.01%
Thousands march across Kabul to protest election fraud
Hundreds of First Nations People March to 'Ground Zero' of Tar Sands Destruction (Canada)
Brazilian police use tear gas to break up anti-World Cup protest outside stadium
South African engineering strike to go ahead on July 1 - NUMSA union

## Energy/resources ##
The Oil Production Story: Pre- and Post-Peak Nations
The news media continue to chant that "peak oil is dead" and see the U.S. shale oil miracle as a sustainable turn of events, not a term-limited booster. But listen to a few analysts who worry about what the slowdown in investments by oil super-majors portends, and question why many shale oil and gas companies can't turn a profit during this incredible drilling and production boom.  Watch what's happening to oil production outside of North America. Note the struggles to boost production from Brazil's presalts.  Reflect on internal struggles in Syria, the Sudans, Venezuela and Nigeria and how those drag down oil production and quality of life. Follow violent events in the Middle East.
Gazprom started pumping gas into storages in Europe - CEO
Venezuela Restores Power After Blackout Left Half Nation in Dark
Utilities brace for thermal power plant problems (Japan)
Power utilities are increasingly worried that their aging thermal power plants will start developing problems in the summer, when electricity demand is at its peak, as they attempt to offset the loss of nuclear power caused by the Fukushima disaster.
EY: CAPEX Spending Declines, US O&G Reserves Rise
Total capital expenditures (CAPEX) for the top 50 oil and gas companies declined 7 percent to $173.5 billion in 2013 from $186.0 billion in 2012, as companies shifted spending towards development and away from unproved property acquisition and exploration activity.
Another Stupid US Energy Policy Decision
In 5 years, when the Bakken and Permian plays are quickly eroding on their way to being spent, we'll wonder why we chose to send overseas a domestic resource that could have lasted a generation or more powering US businesses and again become a dependent consumer of overseas oil supplies.
Forget round-the-clock power supply, says Karnataka govt (India)
Kerry, Saudi King discuss oil supply, U.S. official says
Green energy cost hits record high as expensive turbines built at sea (UK)
Annual bill for consumers to subsidise renewable technologies has soared to more than £2.5bn as more plants are built and the cost for each unit of electricity rises
Five Crazy New Forms Of Energy That Just Might Work
But due to factors such as cost and fossil fuel dependence, they will never keep industrial civilization running at this scale. -- RF
Kurds in northern Iraq sell crude cargoes for $100 million, 9% below alternative oil
Libya's Biggest Oil Port Es Sider May Open in August, Rebels Say

## Got food? ##
China's hungry cattle feasting on alfalfa grown on Utah farm
Brutal dought to bring even higher food prices
Should You Raise Goats?
Row Covers: The No-Spray Way to Protect Plants
The word "natural" helps sell $40 billion worth of food in the U.S. every year—and the label means nothing

## Lifestyle Solutions ##
Less Is More: How to Live Large in a Tiny House

## Environment/health ##
Rise of the super rat
Scientists have voiced concerns over the seeming irresistible rise of super rats, which are becoming increasingly resistant to most poisons
Car and truck fumes disorient pollinators
Ebola outbreak now most deadly ever in West Africa
No Limits to Shale Gas Chemicals in Mexico
Over half of emperor penguins will be 'wiped out by end of the century' due to melting sea ice

## Intelligence/propaganda/security/internet/cyberwar ##
U.S. energy sector reviews cyber threats
Facebook Cries Foul Over Nearly 400 Government Requests for Data
Facebook Manipulated 689,003 Users' Emotions For Science
Predictive Policing Is Not Like 'Minority Report' — It's Worse
Your Doctor Knows You're Killing Yourself. The Data Brokers Told Her
Diverse Groups Fly Airship Over NSA's Utah Data Center to Protest Illegal Spying
Germany Fires Verizon Over NSA Spying
Germany announced Thursday it is canceling its contract with Verizon Communications over concerns about the role of U.S. telecom corporations in National Security Agency spying.
U.S. Says It Spied on 89,000 Targets Last Year, But the Number Is Deceptive
Blue Digital Collars: Tech Helps Companies Track Employees
These days, being "on the clock" means more than just punching a time card. New apps and gadgets are making it possible for companies to track everything from the location to the conversations of their employees.
A New Cybersecurity Bill Could Give the NSA Even More Data

## Systemic breakdown/collapse/unsustainability ##
GM recalls 428,000 vehicles in four safety recalls
The Systemic Sources of Geopolitical Turmoil: Instability, Fragmentation, Resource Wars

## Japan ##
Japan's 'Surge' Undone: The Abenomics Rebuke To Keynesian Money Printers
Printing Press "Prosperity": The Complete And Utter Failure Of Abenomics
Japanese Economic Collapse Dislodges USDJPY Tractor Beam, Pushes Futures Lower
Japan Inflation Climbs 3.7% On Year In May
Prices climb most in 32 years as wages limp along
Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited.
70% of new power producers inactive: ministry
In much of Japan, population will halve by 2050
Impact of Fukushima groundwater bypass eludes Tepco
Man sets himself on fire in Japan in defense protest: witnesses

## China ##
Beijing to boost police gun training amid security threats
China will boost gun training for police in Beijing, a senior security official said, as it braces for what it calls an upsurge in militant violence around the country.
China plans investment bank to break World Bank dominance
The Asian Infrastructure Investment Bank (AIIB) will extend China's financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan.
Chinese authorities demolish golf courses

## UK ##
Scottish shale gas and oil 'no game-changer'
British Geological Survey report to map out potential fracking targets in Scotland's central belt but industry predicts resource will not be a game-changer
'Invincible mutant super-rats' spreading across the UK
Allow fracking in national parks, says Environment Agency chief
David Cameron warned NHS in danger of collapse within five years
Water cannons 'being sent to London next week' after Boris Johnson's purchase goes through
Couple with two children 'must earn £40,600 to meet basic needs'
Warnings over public services as local councils face funding shortfalls
Councils facing a funding gap of £5.8bn to March 2016, which could put services like libraries and leisure centres under threat

## US ##
Last Time Lenders Did This, They Triggered The Financial Crisis
During the first quarter, 3.7 million credit cards were issued to subprime borrowers, up a head-scratching 39% from a year earlier, and the most since 2008. A third of all cards issued were subprime, also the most since 2008, according to Equifax.
Nation's Rural School Districts Face Risk of Closures
Over the past few decades, a growing trend has become the folding of rural school districts due to shrinking state funding and  desire for efficiency.
Food prices + gas prices = Stressed consumers
The Keynesian End Game Is Near: No Escape Velocity This Year, Either
Baby bust: US fertility rates hit all-time lows
SWAT Teams Claim 'Corporate' Exemption From Public Scrutiny
Operators of Special Weapons and Tactics (SWAT) teams comprised of tax payer-funded police and sheriffs in Massachusetts claim they are immune to public records requests about deadly force, incident reports, and more because they are private "corporations."
Big Brother is Coming to Healthcare – How Hospitals are Entering Your Credit Card Info Into Algorithms
New York AG Schneiderman finally flexes muscles against Wall Street
Exclusive: Loophole for condensate exports may apply to other U.S. crudes - sources
U.S. auctions some 30,000 bitcoins from Silk Road raid
The race to stop Las Vegas from running dry
Old, broke, and financially unprepared for retirement: Many older Americans are simply unprepared for the costs associated with retirement.
100% of U.S. Employment Growth Since 2000 Went to Immigrants
Crashes mount as military flies more drones in US
Obama to seek $2B for more border security
Americans want fewer people immigrating to the country, a new survey shows.
According to a Gallup poll released Friday, 22 percent of those polled favor increased immigration, while 33 percent would like to see it remain at the present level and a plurality, 41 percent and nearly double the amount of those who favor increased immigration, believe it should be decreased.

And finally...
Hillary's Book Sales Crash After 1st Week; Reviews Disastrous
30% Discount To 'Book' And Still Not Cheap Enough...

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