Thursday, July 17, 2014


News Links, July 17-18, 2014

## Global Ponzi meltdown/House of Cards ##
Pain Spreads From China's Excess Production
Canada's Magnificent Housing Bubble at Risk, Fitch Says
China Finds Debt Addiction Hard to Break in Growth Quest
Puerto Rico bonds crash high-yield municipal debt party
It looked like there was no stopping the runaway returns for high-yield U.S. municipal bonds earlier this year. But that has all come to a screeching halt in the past few weeks thanks to a bombshell coming out of the Caribbean.
Bolivia on verge of legalizing work from age 10
Hype Officially Over: Spain Not The "New Germany"
European losses deepen as Ukraine crisis intensifies
Rising rents catapult UAE cities up global cost of living list
Microsoft to cut 18,000 jobs this year as it chops Nokia
Microsoft Layoffs: Insane M&A Frenzy Leads To Next Jobs Crisis
Consultants say Egypt needs $120 bln inflow over 4 years - officials
When The Price Of Money Is Zero—Sharpies Can Get Away With Almost Anything
Wall Street Buys NATO Microwave Towers in Quest for Speed
An 800-foot microwave tower in a Belgian cow pasture transmitted messages for the U.S. armed forces in 1983 when suicide bombers killed hundreds of military personnel at Marine barracks in Beirut, Lebanon. Now it's being used by high-frequency traders.
A fifth of developing world lives on below $1.25 a day
India Imported 713 MT Of Silver In April, 1921 MT YTD
U.S. gold dealer launches first digital currency backed by bullion
U.S. precious metals dealer Anthem Vault Inc said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.

## Airline Death Spiral ##
China Southern reports 1H net loss
China Southern Airlines has reported a first-half net loss of CNY900 million to 1.1 billion ($146 million to $178 million) compared with a net loss of CNY302 million in the year-ago period.
Airline revenue: A drop over the ocean
Get More Acquainted With Your Knees as Boeing Reworks 737

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudis on Alert at Iraq Border for Conflict Spillover
Iraqi army retreats from Tikrit after assault stalls
Hamas drone injects new element into Arab-Israeli conflict
Tens of thousands flee Israeli raids on Gaza
Israel sends troops into Gaza after cease-fire talks fail
Insurgents attack Kabul airport
New Age of Washington Consensus in Latin America
German minister calls for €1 billion to tackle 'worst refugee crisis in 50 years'
US imposes more sanctions against Russia
Ukraine crisis: US breaks step with Europe over Russia sanctions
After weeks of lobbying European allies to inflict economic pain on Russia over its meddling in Ukraine, the Obama administration imposes tough new sanctions to go it alone against Moscow
Malaysian airliner crashes over Ukraine; missile strike suspected
Ukrainian Army Buk Missile Likely Downed Malaysian Plane - Source
A Ukrainian army battalion of Buk air defense systems was deployed near the city of Donetsk a day before the crash of a Malaysian passenger plane on Thursday, making the downing of the aircraft by one of the missiles highly probable, an expert source said.
Japan, Britain to join forces to research missile technology
Vietnam Says China Backing Down In Oil Rig Dispute
Mystery plane raided: Pilot who flew aircraft across Pacific says he left it in Philippines
Ninety killed by Islamist attack on Syrian gas field -monitor
Militant group Islamic State seized a Syrian gas field and killed at least 90 people on Thursday in one of the bloodiest clashes between the al Qaeda offshoot and President Bashar al-Assad's forces, a monitoring group said.
UK summons Spanish envoy over "provocative" Gibraltar naval activity
China deepens ties to Brazil, plans to build railways
China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Citizens protest against water shortage — burn tires, chant anti-government slogans (Pakistan)
Revealed: the hunger strikes of America's most secret foreign prisoners
S. African union NUMSA says to intensify metals, engineering strike
Massive protests erupt in Kashmir after military crash kills 6
As Immigration Crisis Grows, A Protest Movement Gains Steam
Strike Out! Police in China Are Rounding Up and Destroying Matches
Rural Chinese drink poison to protest expropriation of land

## Energy/resources ##
Humidity and power outages hit citizens hard (Pakistan)
China Three Years Late on Installing Offshore Wind Farms
Strong, steady offshore breezes have the potential to become an important source of electricity, but installing jumbo-jet sized gear in the harsh, marine environment is a complicated and expensive endeavor. The slow pace in China is matched by the U.S., which has no offshore wind farms after more than a decade of development efforts. In Europe, the only continent with any significant sea-based wind power, companies have scrapped plans for more than 5,700 megawatts since November.
I told you so. Renewable energy is expensive. The world must learn to operate at a much lower energy level. -- RF
Hungry U.S. Power Plant Turns to Russia for Coal Shipment
Utilities in the U.S. are scrambling for coal, on pace to increase imports 26 percent this year, as railroad bottlenecks slow deliveries and electricity demand climbs with an improving economy.
Access To Energy Explains Unequal Growth Rates of India and China
A graphic representation of how economies respond to the access to energy, or lack thereof. One can also easily see what will happen to the curve as energy becomes more expensive. -- RF
First Solar Drops Plan for World's Biggest Plant in China

## Got food? ##
If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
Applebee's Pulls Salad After Minnesota E. Coli Cases
California Drought Cuts Water for Farming to Record Lows
No Longer Niche, Local Foods Becoming Big Business
Drought, disease and cold weather are leading to surging food prices in the U.S.
Food Used to Fatten Animals Could Feed 3 Billion: Study

## Lifestyle Solutions ##
Finding Shelter from the Storm Part 2
More good suggestions for surviving collapse, and perhaps even thriving! -- RF

## Environment/health ##
Brain-Eating Amoeba Lurks in Warm Summer Water
The death of a 9-year-old Kansas girl from a brain-eating amoeba infection is a jolting reminder of a rare danger of swimming in fresh water heated by the summer sun — a risk that experts say could get worse in summers to come.
The Largest Landfill On Earth: Plastic Garbage In The Oceans?
Global carbon market hopes fade as Australia dumps CO2 trading
Oregon declares state of emergency as wildfires spread
Chilling new details on cold-storage smallpox
Study: marijuana compound slows tumor growth
Climate Scientists See 'Very Rapid Declines' in Annual NOAA Report
Latest State of the Climate: Yup, Still Getting Hotter 
This invasive plant is consuming the equivalent of 46,000 soccer fields of US land every year

## Intelligence/propaganda/security/internet/cyberwar ##
German lawmakers consider using typewriters to counter espionage
U.S.'s Lew: cyberattacks aim to disrupt U.S. financial system
Russia to reopen Cold War spy post on Cuba in America's 'backyard'
US Reporter Ronan Farrow Calls On Internet Companies To Censor Speech Of People He Doesn't Like
A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status
Globalist Mouthpiece Calls For The Entire Planet To Adopt The 'National Identification System' One European Country Has Established
The Electrical Grid May Well Be The Next War's Battlefield

## Systemic breakdown/collapse/unsustainability ##
BMW to recall 1.6 million cars on concerns over Takata air bags
Fuji Heavy to recall Subaru Legacy cars over computer fault
Detroit's future? More cops, firefighters but fewer people
Patio Furniture Thefts Worry East Dallas Homeowners
The UK Ministry of Defence Says Life in 2045 Will Be Unequal and Violent

## Japan ##
Child poverty hits record high in Japan
In the 2012 survey results released on Tuesday, the ministry estimates that 16.3 percent of Japanese aged 17 or under live in poverty. That's up 0.6 percentage points from the previous survey, and a record high since the survey began in 1985.
Japan nuclear plant gets safety OK, may be first to restart
Japan's Holdings of U.S. Treasuries Rose to Record in May
Deadly pig virus pulls more pork imports to Japan
More pigs from Europe and Mexico could be heading to Japan, the world's largest pork importer, as a hog virus outbreak is driving up domestic prices, according to the country's Agriculture Ministry.
Japan's disappearing e-books causes concern
Many Japanese purchasers of e-books are facing a situation inconceivable to owners of conventional texts: They are no longer able to read the books they purchased.
Study: Cesium from Fukushima debris removal likely spread 50 km
Fukushima towns use cameras to halt surge in thefts at evacuees' homes
Clinics as Social Clubs for Retirees Swell Japanese Debt
Pig thieves running hog-wild in Chiba Pref. amid spiking pork prices
Japan builds amphibious force modeled on U.S. Marines
Japan OKs first arms transfer under new rules

## China ##
China Faces Second Corporate Bond Default Amid World's Biggest Debt
China knows it has a problem, but it just can't kick the investment habit
Chinese Steel Expert: No Way Out for Mills Caught in Capacity Crackdown
Shadow-Banking Curb Fuels Loan-Backed Debt Spree: China Credit
China developers at risk as trust funds dry up
Inequality with Chinese characteristics

## UK ##
Bedroom tax bites as low-income tenants choose between 'heat or eat'
Emergency legislation giving police access to phone records becomes law
How British Spies "Seed the Internet with False Info, Control YouTube Pageviews and Manipulate Online Polls"
As UK cost of living rises, young people hit hard
Executive pay 180 times average – as wealth gap increase

## US ##
Retail Sales Flatlining—-Except Autos Running On Subprime Fuel
Why America's Healthcare (Sickcare) System Is Broken and Unfixable
20 Signs The Epic Drought In The Western United States Is Starting To Become Apocalyptic
Dick Cheney calls Obama 'the worst president of my lifetime'
What a laugh. Barack Obama is no worse than the Bushes, Clinton, Carter, or any of the other emperors in the Republicrat Dynasty. The Republicrat program is dedicated to maintaining and growing the Empire, and Obama is faithfully carrying out his duty in the face of insurmountable odds. All empires eventually decline and fall; it's a law of nature, and it's happening to the US Empire now. It just happens that the situation is deteriorating markedly on Obama's watch, and there's virtually nothing he or anyone else can do about it. Dick Cheney thinks that he or someone of his choosing could do a better job of holding the Empire together with duct tape or stovepipe wire or magical incantations, but he's wrong. It doesn't matter who's in command because it's too late. Collapse is now. -- RF
California approves fines for water-wasters
Drought Shaming: Californians Snitch on Neighbors Who Waste Water
California's Drought Will Cost $2.2 Billion and 17,000 Jobs This Year, but 2015 Could Be Worse
Video of the Day – Elizabeth Warren Torches Janet Yellen on TBTF
Janet Yellen Is A Religious Nutcase
Yellen Yap: Silliness, Outright Lies, and Some Refreshingly Accurate Reporting
Fewer gas leaks found in cities with new pipes
Rep. Upton: Use energy as foreign policy tool
But the "abundance" is a mere mirage. Ignorant, myopic leaders make the situation worse for everyone. -- RF
Wholesale Prices in U.S. Increase More Than Forecast on Fuel
Q1 Productivity Collapsed Most In Over 60 Years; Goldman Fears Consequences
Industrial Production Drops, Misses By Most Since January
SUVs and Crossovers Most Popular Vehicles for U.S. Drivers
Has America's Economy Entered the "Coffin Corner"?
Growth slows in the developed nations due to several factors, as debt levels rise. Have we entered the "coffin corner" where we cannot grow sufficiently fast to service our debt?The US economy has repeatedly failed to resume normal growth after the crash. But potentially worse is the decline in long-term growth estimates.
As Fracking Expands, So Does Opposition – Even In Texas
With A Series Of Small Bans, Cities Turn Homelessness Into A Crime
66 Percent of Americans Now Live in a Constitution-Free Zone
Thanks to the militarization and expansion of the "border" region, 197 million Americans now live within the jurisdiction of US Customs and Border Patrol.
Construction of New U.S. Homes Declines on Plunge in South
Move out? Millennials should live with their parents as long as possible

And finally...
Overkill: Man sets fire to house trying to kill spider

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