Tuesday, July 01, 2014


News Links, July 1-2, 2014

## Global Ponzi meltdown/House of Cards ##
The Next Global Meltdown Is Baked In: Connecting the Dots Between Oil, Debt, Interest Rates and Risk
One of the Grand Narratives of our era is the substitution of debt for income: as earned income and disposable income have stagnated for 40 years, the gap between the rising cost of living and stagnant household income has been filled by borrowed money.
Draghi Disaster: European Household Loans Plunge By Most On Record
18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014
Emerging-Market Issuers Vulnerable on $2 Trillion Debt Binge
Emerging-market companies that took on more than $2 trillion of foreign borrowing since 2008 are vulnerable to an evaporation of funding at the first sign of trouble, according to the Bank for International Settlements.
US bond funds sue Puerto Rico, worried about bankruptcy threat
EU approves Bulgaria credit line for banking system
How Much Gold Should Someone Own? Where and How To Own It?
China invites India to join Asian Infrastructure Investment Bank
China has invited India to participate in the Asian Infrastructure Investment Bank (AIIB) — Beijing's brainchild to steer development along the ancient "silk route" free from the influence of western-backed lenders such as the World Bank and the Asian Development Bank (ADB).
China signs yuan accords with France, Luxembourg
China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.
South Africa engineering strike latest blow to sickly economy
French manufacturing shrinks in June at fastest rate in six months: PMI
S.Africa steel and engineering strike costs over $28 mln a day-employers
The Great Deformation Of Central Banking: Debt Burdens Have Never Been Higher; 500 Years Of Dutch Interest Rates Have Never Been Lower
Spain Celebrates The "End Of The Recession" With 54% Youth Unemployment, Highest Since January
Auto manufacturing plants to disappear in Australia

## Airline Death Spiral ##
Malaysia Airlines facing financial turbulence
The airliner might consider privatisation, discontinuing some routes, and layoffs.
New TSA fees to make airfare more expensive
Qantas loss could break billion barrier
India's airlines are heading for another big loss in FY2015
Italian carrier gains bankruptcy protection

## Iraq ##
Russian Advisers Ready Iraq to Use New Combat Aircraft
Iraq Watch: Maliki's political opponents maneuver to unseat him, ISIS seeks allegiance from all Muslims
480 U.S. troops now in Baghdad as officials move to secure access to airport
US Sending 300 More Combat Troops to Iraq
Iraqi power plants short of natural gas supplies
Report: Blackwater 'above the law' in Iraq
Iraqi Parliament Ends as Sunnis, Kurds Walk Out

## Fault lines/flashpoints/powder kegs/military/war drums ##
Poroshenko ends Ukraine ceasefire, 'will attack' rebels
Russian Sailors Arrive To Begin Mistral Training
Mexican troops kill 22 in warehouse shootout
Rome will be conquered next, says leader of Islamic State
Japanese military joins U.S. Marines for first time in RIMPAC joint amphibious landing drill

## Global unrest/mob rule/angry people/torches and pitchforks ##
Peru now has a 'licence to kill' environmental protesters
Law exempts soldiers and police from criminal responsibility if they cause injuries or deaths
Israeli police forcibly end African migrant protest
Israeli police today forcibly broke up up a three-day desert sit-in by hundreds of African migrants who bolted a detention center to march toward the Egyptian border, where they were rebuffed by Egyptian soldiers.
Asia's richest man 'can't sleep' due to wealth gap
"The howl of rage from polarization and the crippling cost of welfare dependence is a toxic cocktail commingled to stall growth and foster discontent," he is quoted as saying.
Hong Kong's Pro-Democracy Push Rallies Thousands Against Beijing
Thousands Call for 'No War' as Japanese Govt Authorizes Re-Militarization
China cracks down on Uighurs ahead of 5th anniversary of bloody riots

## Energy/resources ##
The Dirty Truth About Clean Energy
Canada's Oil Patch Bracing for "Retirement Tsunami"
16m metres of gas and equivalent electricity deficit during Ramadan
Egypt's daily fuel deficit is expected to worsen in Ramadan to 16m sq metres each of gas and electricity if citizens do not ration energy consumption, according to a senior official at the Egyptian Gas Holding Company (EGAS).
Lessons from a failed energy revolution: the real reasons of the nuclear failure
Russia Reveals "Plan B": Gazprom Says Gas Transit Via Ukraine May Be Stopped Completely
Las Vegas Is "Screwed"; The Water Situation "Is As Bad As You Can Imagine"
Could Lower Oil Prices Bring Chaos to Oil Exporters?
Opec's spare oil capacity a cushion – for now
Bilfinger slashes 2014 outlook as German energy shift bites
In dry California, water fetching record prices

## Got food? ##
FDA May Be Seeking to Use Untested Technology in Livestock Feed
The technology in question is nanotechnology, the process of manipulating or creating matter at the molecular level. While there are a range of uses for nanotechnology, including the development of clothing and cosmetics, it has become particularly prevalent in the commercial food sector.
The Rise of the 'Super Weed' Around the World
UK future food security threatened by complacency, MPs warn
Where will my kids eat tonight? Inside America's food insecurity

## Environment/health ##
Plugged In: Half of Americans Can't Go a Day Without Phone, Study Says
Nature hurtling 'helter-skelter' through seasons with signs of autumn on show (UK)
Deforestation: Our Disappearing Woodlands (infographic)
David Cameron calls for global response to superbugs

## Intelligence/propaganda/security/internet/cyberwar ##
Was the Department of Defense Behind Facebook's Controversial Manipulation Study?
So it seems that Facebook and the U.S. military are likely working together to study civil unrest and work on ways to manipulate the masses into apathy or misguided feelings of contentment in the face of continued banker and oligarch theft.
White House fears al Qaeda offshoot may be planning bomb plot on airliner flying to America
FBI, CIA Use Backdoor Searches To Warrentlessly Spy On Americans' Communications
The A-Z Of Foreign Governments That The NSA Is "Authorized" To Spy On
New York Times Reports – Blackwater Threatened to Kill a State Dept. Official and the U.S. Government Did Nothing
Energy sector faces attacks from hackers in Russia
FBI "Has No Idea" How Many Warrantless Searches It's Done
Court gave NSA broad leeway in surveillance, documents show
Is the U.S. Government Trying to Stop Glenn Greenwald from Publishing His "Biggest Story?"
Dangerous Ruling: Judge Lets Microsoft Seize & Redirect No-IP Domains Without Notice

## Systemic breakdown/collapse/unsustainability ##
General Motors Announces New Recall of 8.4 Million Cars Worldwide
Chrysler expands ignition switch recall by 696,000 vehicles
Obama administration: Highway funds drying up
The Obama administration warned states on Tuesday that federal highway funds will be largely depleted in August, limiting the money states can expect from Washington to pay for road and bridge projects this summer.
76% concerned about aging infrastructure (Japan)
17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain

## Japan ##
Japan may cut oil refining capacity by up to 10 pct
Japan may cut crude refining capacity by as much as 10 percent, or 400,000 barrels per day (bpd), by March 2017, under a new round of reductions set to be forced on the country's refiners amid forecasts for declining demand for oil products.
Evacuation plans stir fresh doubts over Japan nuclear restarts
The government, facing the first summer in 40 years without nuclear power, is fielding complaints from residents who say key points have been missed in planning for any mass evacuation.
Japan cabinet adopts resolution dropping ban on collective self-defense
Prime Minister Shinzo Abe's cabinet adopted on Tuesday a resolution dropping a ban that has kept the military from fighting overseas since World War Two, Defence Minister Itsunori Onodera confirmed, a dramatic step away from post-war pacifism and a political victory for the conservative premier.
Thousands get behind Article 9 in last-ditch rally at prime minister's office
Tax hike sinks big makers' sentiment for 1st time in 18 months: Tankan
Power-saving campaign begins for 3 months
The government on Tuesday launched a voluntary power-saving campaign for businesses and households in all parts of Japan except Okinawa, in order to conserve electricity.

## China ##
China Admits First Official Local-Government Loan Default
China's Ponzi Finance At Work: Triple Pledging Aluminum Ingots At Qingdao Port
Is Work Killing You? In China, Workers Die at Their Desks
China Catches Industrial Polluters With Drone Missions
China jails 113 in Xinjiang mass sentencing
Pollution Mask Couture Makes Debut on Hong Kong Catwalk
Can boot camp cure China's young internet addicts?
Puru Saxena: Hard Landing Coming to China

## UK ##
Household incomes 'at 2001-02 levels'
Department of Work and Pensions figures show recession and slow recovery mean families no better off than 12 years ago
Standard of living costs for families rise five times more than earnings since before recession, figures show
Britain's infrastructure crunch is coming: Doing nothing is not an option
McBride set to cut 400 UK jobs
Hundreds of children under 10 being subject to stop and search
New Infrastructure Players To Help UK North Sea In Twilight Years
The ageing oil and gas network of the UK North Sea is seeing a welcome rise in interest from infrastructure specialists and pension funds, giving oil majors a chance to offload unwanted assets and ultimately improve recovery from mature fields.

## US ##
Thousands go without water as Detroit cuts service for nonpayment
"It's frightening, because you think this is something that only happens somewhere like Africa."
Supply won't meet growing demand for primary care
Federally funded programs will add at least 2,300 new primary care practitioners by the end of 2015, but the funding for at least one of those programs is set to expire at the same time, contributing to a massive shortage of doctors available to treat patients — including those newly insured through the Affordable Care Act and Medicare.
Workplace secrecy agreements appear to violate federal whistleblower laws
California Housing And The Bubble At Hand
SWAT Teams Avoid Transparency by Registering as Private Corporations
11 Shocking Facts About America's Militarized Police Forces
Americans Losing Confidence in All Branches of U.S. Gov't (Gallup)
Americans' confidence in all three branches of the U.S. government has fallen, reaching record lows  for the Supreme Court (30%) and Congress (7%), and a six-year low for the presidency (29%). The presidency had the largest drop of the three branches this year, down seven percentage points from its previous rating of 36%.
Early Signs of the Coming Economic Ice Age Are Evident
Fourth of July Gasoline at Six-Year High
Economic Growth in America's "Two-Tiered Society"
The First Real Crisis Hits Shale Drilling
That's because of a landmark decision from one of the highest state courts in the land. Upholding the right of individual towns to regulate shale drilling, trumping state or federal regulatory regimes.
From big to giant: Behemoth TVs start to take off
How Cheap Money "Sells" Cars: Auto Loans Now At 100-150% Of Purchase Price
Starting Today Interest On New Student Loans Rises By 20%
Memo To War Party: ISIS Targets Enemies In Mesopotamia, Not Minnesota
LePage Official: Governor Did Meet With Group on FBI Terrorist List
Poverty Express: One Quarter Of America Lives In A High-Poverty Neighborhood
Student Data – Not For Parents Any More?
Colorado school districts are collecting broad, detailed educational and psychological data on their students for use by private  companies and the federal government, yet parental access to the same information remains limited and difficult to come by.

And finally...
Meme Manufacturing: China Taking Orders for Suarez Bite Bottle Openers

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