Sunday, July 20, 2014


News Links, July 19-21, 2014

## Global Ponzi meltdown/House of Cards ##
Three Charts Of The Week: Money Printing Is Not Bringing Prosperity To Main Street
Greece Seen Needing Third Bailout as Bonds Insufficient
Why Sanctions Won't Upend Russia's Debt Repayments
Holding Company Of Portugal's 2nd Largest Bank Just Filed For Bankruptcy Protection
Bolivia lowers legal working age to 10 to boost economy
BRICS Plan To Become "Political Alliance" To Reform The International Financial System
Incubating a non-dollar architecture
Argentina "Determined to Default" Second Time
UBS Warns Everything Is Overpriced, Prepares For Sell-Off
How The Tax Code And Cheap Debt Fuel The Massive Stock Buyback Ponzi—-$7 Trillion Since 2001

## Airline Death Spiral ##
Trinidad airline suffers $16m loss in 2013
Air India pares loss but no privatisation on horizon
SIA aims to cut pilot training time from 3 years to 2
Flight delays and aborts may lead to license loss (Vietnam)
Airlines symbolize nations' hopes or reflect shame
Why your next plane flight could be over a war zone
While travelers may be surprised that a commercial airline was flying over Eastern Ukraine at a time of a military conflict, commercial airlines often fly over hostile territory—unbeknown to those onboard. In fact, experts say no-fly zones for commercial aircraft can change daily or even hourly.
Unfriendly Skies: America's airlines are the world's most profitable and least comfortable
There's been a deliberate effort in recent years, especially by American carriers, to make life on an airplane as miserable as possible. The strategy of cultivating loyalty by offering free upgrades has been replaced by one that charges customers for the privilege of comfort.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Malaysian Airline Horror Spurs New Rush to Judgment
Video of MH17 Hit by Missile; Update From Jacob Dreizin; Black Box Thoughts
US Beats War Drums Over Downed MH17 Plane, But Evidence Sketchy
Foreigners join far-right militias in Ukraine's fight against rebels
The Final Moments Of Flight MH-17: The Russian Side Of The Story
Here's how whoever shot down MH17 could have mistaken the passenger flight for a fighter jet
Ukraine separatists may have mistaken Malaysian airliner for military aircraft; 298 aboard die
Ukraine's Security Service Has Confiscated Air Traffic Control Recordings With Malaysian Jet
French President Announces New Operation in Africa
France's president announced the redeployment of 3,000 French troops in five of its former colonies across northwest Africa as part of an operation to help fight terrorism in the region.
Iraq crisis: How Saudi Arabia helped Isis take over the north of the country
Iranian commanders on front line of Iraq's fight
Islamic State killed 270 in Syrian gas field battle -monitor
Islamic State seizes major Syrian oil fields, aids Assad regime
Wave of bombings in Baghdad kills 27 people: police, medics
14 Reasons Obama Is Lying When He Claims The World Is 'More Stable' And 'Less Violent' Than Ever
Spending worldwide on UAVs to double, study says
Manila urges unity for South East Asian nations in China sea dispute
From Gaza To The Ukraine: The Human Price Of Neocon Havoc
Iran, six powers agree to 4-month extension of nuclear talks
Egyptian troops killed with rocket-propelled grenades at checkpoint
Gunmen firing rocket-propelled grenades have attacked an Egyptian border checkpoint killing 15 soldiers, officials and state media have said.
Russia bars entry to 12 Guantanamo and Abu Ghraib-linked Americans
China sends spy ship off Hawaii during U.S.-led drills
Heavy clashes erupt over Tripoli airport, at least four dead
Iran eliminates sensitive stockpile under interim nuclear deal: IAEA
Israel expands into Gaza, killing at least 50

## Global unrest/mob rule/angry people/torches and pitchforks ##
Besieged by Pro-Democracy Activists, Hong Kong's Government Builds a Fence
Is there a Revolution Brewing over Taxes? OECD Says Yes!
Detroit Water Shutoffs Prompt Mass Protest, More Calls For Moratorium
Clashes as pro-Palestine protesters march in Paris despite ban

## Energy/resources ##
North Sea Oil, Gas Firms Hold Off on Investment
Oil and gas firms may be adopting a "wait and see" approach before making further investment decisions in the North Sea, according to business consultant Deloitte. In May, the consultancy predicted that drilling and deals in the North Sea would remain at a "steady low" for at least a year but its latest findings suggest a collapse in activity on the UK Continental Shelf (UKCS).
Why Oil and Gas in the South China Sea Won't Be Developed
Japan, Brazil to collaborate in tapping hard-to-reach offshore oil
Just look at these massive projected costs, which you know are going to balloon as the work proceeds. It doesn't matter how much oil there is, or how much is recovered. What matters is that it will be expensive, and expensive oil is not what the world needs. How much are you willing/able to pay? -- RF
Asia-Pacific taking on most OPEC crude
U.S. 'comfortable' with Iran's oil exports
US Approves Plan To Open Atlantic To Oil Reserve Surveys
In North Dakota's oil bonanza, natural gas goes up in flames
Fires are major cause of wind farm failure, according to new research
Obama Moves Closer to Seismic Testing for Oil in Atlantic
Rotating blackouts now 5 hours (Philippines)
Power Grid: American System Fails More Than Any Other In The World
SNL points to drastic fall in new gold discoveries
Research points to a dramatic fall in new gold discoveries which are falling well behind global production levels. This will have a significant impact on gold supply ahead.
India coal demand set to rise to 787 million tonnes - Mr Goyal
Mr Piyush Goyal, Coal and Power Minister, said that India's coal demand is expected to rise 6% to 787 million tonnes this financial year, which could lift imports close to 200 million as local supply falters.
Militants blow up gas pipeline in Egypt's Sinai
Iraqi government considering halting oil supplies to Jordan

## Infrastructure scavenging ##
How criminals are wrecking South Africa's telecoms networks
Criminals in South Africa are causing millions of rands of damage to telecommunications networks through copper theft, stealing batteries from cellular towers, and even stealing fibre to make certain products.
South Africa: Metal thieves 'steal 10km of railway'
Metal, catalytic converter thefts double from 2009
Thieves targeting air conditioners for copper

## Got food? ##
'Peak soil' threatens future global food security
Bye, Bye OJ? A tiny bug is destroying the world's citrus crop and science is still years from a cure
Quinoa isn't the only ancient crop falling prey to Western gluten-free appetites
Late monsoon starts Indian farmer's "journey to hell"

## Lifestyle Solutions ##
Excellent: Degrowth Solutions: Half-Farmer, Half-X
Take it from me: being half farmer and half something else is a great lifestyle. You'll be healthier, happier, more self-sufficient, and learn to live on much less money. And food security is no joke. -- RF

## Environment/health ##
Four Cases of Life-Threatening Plague Found in Colorado
Sewage-treatment plants described as giant 'mixing vessels' after scientists discover drug-resistant bacteria in British river
Superbugs resistant to some of the most powerful antibiotics in the medical arsenal have been found for the first time in a British river – with scientists pinpointing a local sewage-treatment plant as the most likely source.
Lightning a threat to ND saltwater disposal sites
Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not the oil wells or drilling rigs - that were to blame.
California Halts Injection of Fracking Waste, Warning it May Be Contaminating Aquifers
Record-Breaking Wildfires Bear Down on Washington Communities
Ebola May Have Been Smoldering for Years, Study Says
As Polar Icebox Shrinks, Infectious Pathogens Move North

## Intelligence/propaganda/security/internet/cyberwar ##
Big Brother's Little Brother in Mexico
NBC News Pulls Veteran Reporter from Gaza After Witnessing Israeli Attack on Children
Air Force research: How to use social media to control people like drones
Thai junta's gag on media raises alarm, criticism over freedom of speech
Critics and journalists raised concerns Saturday about the Thai military government's latest move to tighten its grip on the media by banning them from criticizing the junta's operations and threatening to immediately suspend the broadcast or publication of content that defies the order.
Biggest Dutch Daily Calls For NATO Intervention To Protect MH17; Feinstein Tells Putin To "Man Up And Confess"
Dark Mail: A Convicted Hacker and an Internet Icon Join Forces to Thwart NSA Spying
Ars editor learns feds have his old IP addresses, full credit card numbers

## Systemic breakdown/collapse/unsustainability ##
The Coming Crash Is Simply the Normalization of a Mispriced Market
Criminalization of homelessness on the rise in U.S. cities
Inspection of low-temperature home delivery trucks reveals shortcomings
The US isn't the only country with emerging cold-chain problems. -- RF

## Japan ##
Gov't OKs plan to to build maglev line, despite environmental concerns
A waste of money, energy, and resources for a project that will never be finished. -- RF
Retail egg prices up 10-20% from last yr
Japan to miss 2020 budget surplus goal regardless of sales tax hikes
Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday.
What to Expect at Japan's Amphibious War Training Camp
As a territorial dispute with China over remote islands heats up, Japan's Ground Self-Defense Force is accelerating efforts to build an amphibious fighting force modeled after the U.S. Marine Corps.
Japan eyes buying Ospreys as US looks to expand fleet to mainland
Abe says gov't will offer Y2 mil subsidy for fuel-cell cars
Waste of money. -- RF
Water leaks continue to plague No. 5 reactor at Fukushima plant
Make babies! Politician proposes giving newlyweds pierced condoms

## China ##
Chinese Construction Company Threatens To Default, Debt Dominoes Are Lined Up
China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper
Chinese Commodity Contagion Leads To First Letter Of Credit Settlement Failure
Beijing assembles people's army to crush China terrorists with an iron fist

## UK ##
Intelligence services 'creating vast databases' of intercepted emails

## US ##
Atlantic City Adrift as Casino Closings Sap Jobs Market
US Lags Behind on Energy Efficiency, Study Shows
Courtesy of the American Council for an Energy-Efficient Economy.The U.S. ranks near the bottom of the second annual International Energy Efficiency Scorecard, released Thursday by the American Council for an Energy Efficient Economy.
The 40-hour workweek is done, thanks to technology
The average cubicle farm, it seems, is where the 40-hour workweek went to die. According to a new survey, a staggering number of American professionals have workweeks that exceed 40 hours.
U.S. still net oil importer, API says
We're in the third biggest stock bubble in U.S. history
New York Launches BitLicense Proposal – How Bad is it?
Ominous Portents in Consumer Sentiment
US terrorist database growing at rapid rate
The U.S. government is rapidly expanding the number of names it accepts for inclusion on its terrorist watch list, with more than 1.5 million added in the last five years, according to numbers divulged by the government in a civil lawsuit.
California City Will Fine Couple $500 For Not Watering Brown Lawn, State Will Fine'em $500 If They Do
What Disposable Income Looks Like: With And Without Government Handouts
The Insiders' Case for a Stock Market Mini-Crash
In violent weekend, at least 40 people shot in Chicago
Atlantic City doomed by glut of casinos in region
Subprime woes are back: This time in used cars
Big jump in number of millennials living with parents reported

And finally...
Waitress at restaurant in China scarfs down cockroach in front of diners after complaint
Snail slime, sheep grease and other incredibly weird ingredients in your beauty products

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