Tuesday, July 22, 2014


News Links, July 22-23, 2014

## Global Ponzi meltdown/House of Cards ##
Use of renminbi, Chinese currency, growing globally
Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia
Swiss, Chinese Central Banks Enter Currency Swap Agreement
The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).
BRICS shake up global economic architecture
New World Disorder: Emerging Division Between East And West Threatens To Plunge The Globe Into Chaos
China's debt soars to 250% of GDP
Chinese Government Frets Out Loud About Property Bubble Taking Down the Economy
In third straight month of decline, industrial turnover falls 4.9 pct in May (Greece)
After $35 Billion In US/Europe/IMF Aid, Kiev Needs Even More To Keep Afloat And Its War On The East Funded
Bank Of England Leads Push For Deposit Confiscation - Japan, China, Russia Against Bail-Ins
The Baltic Dry Index Collapses To 18-Month Lows; Worst July Since 1986
European Banks Begin to Sweat As ECB Promises Scalps
Have Institutional Investors Gone Completely Nuts?
Allergan to cut 1,500 employees in restructuring
Scramble For Yield Goes Ballistic—-Even Mexican Junk Bonds Up 2X Over Last Year

## Airline Death Spiral ##
Airlines scrap Israel flights over missile fear
In a sign of increased caution about flying near combat zones, U.S. and European airlines halted flights to Israel Tuesday after a rocket landed near Tel Aviv's Ben Gurion Airport.
As the world becomes increasingly unstable, the skies will become increasingly unfriendly to commercial aircraft. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity
Secy Kerry's Belligerent Bombast: Rush to Judgment Just Like False Syria Gas Attack Charges
Ron Paul On 10 Things The Media Won't Report On The MH17 Tragedy
Email from Ukraine Portfolio Manager; Obama Idiocies and Ironies
Bodies, black boxes handed over from Ukraine crash site
UN Security Council Demands Investigation Into Downed Malaysia Airlines Flight
Sorting Through All the Possibilities; Ukraine Accuses Russia of Deliberately Downing MH17; Brawl in Ukraine Parliament; Rush to Judgment
US State Department "Confident" MH17 "Mistakenly" Downed By Separatists, Finds No Direct Link To Russia
Russian View: Why Putin Is Not Impressed
The effects of the first round of US sanctions enacted in the aftermath of Crimean referendum have been somewhat, let's say, surprising for Western mainstream media. Besides the obvious fact that the sanctions haven't had a visible impact on Russian foreign policy, they marked the local bottom of the Russian stock market, which has since outperformed the US stock market.
Israel using flechette shells in Gaza
Israel's Iron Dome Isn't Working: A Weapons Expert's Warning
Israel strikes hospital, houses; Gaza death toll passes 570
Gaza War Toll Continues to Soar: 608 Palestinians, 27 Israelis Killed
Islamic State crushes and coerces on march towards Baghdad
Islamic State thwarts Syrian government forces on two fronts
With ISIS Now Controlling 35% Of Syria And Most Of Its Oil Fields, Iraq Issues An Ultimatum To The US
Sanctions relief for Iran extended

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Silence is Consent': Thousands Worldwide March For Gaza
Pro-Palestinian protests turn violent in Paris

## Energy/resources ##
Shale's "Ground Zero" Moves To Ban Drilling
Nuclear waste - the unanswered questions that won't go away
Analyst: Oil, Gas CAPEX Spending to End 2014 a Bit Flat
Easier said than done: Keeping Oil Production From Falling
Amplats to sell strike-hit South African mines
Here's Yet Another Problem in Platinum Supply
Qatar's LNG Dominance Threatened by Shell's Reported Withdrawal
Royal Dutch Shell's widely reported decision to end its role in a gas project in Qatar threatens the Gulf state's dominance in the production of liquid natural gas (LNG).
Region hit by massive blackout (Australia)
China's President Xi Jinping signs Venezuela oil deal
Global seaborne coal market oversupply to be 10MT this year - Report
Reuters reported that the global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

## Got food? ##
Beef pollutes more than pork, poultry, study says
Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says.
Growing the Open Food Revolution
China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
High food prices killing Ghanaians
Removal of Egyptian energy subsidies impact on food prices

## Environment/health ##
Hot Streak: World Breaks Monthly Heat Record Again in June
80 percent of California is now in extreme drought
Soaring Meat Consumption Bigger Problem Than Thought: Study
New research suggests giving up red meat in particular would be more impactful environmental choice than giving up your car
Great Barrier Reef 'in worst state since records began'

## Intelligence/propaganda/security/internet/cyberwar ##
Government agents 'directly involved' in most high-profile US terror plots
Verizon Launches Rewards Program With Tracking
New Tracking Tool Is Like a Cookie That Can't be Blocked
1 Million Net Neutrality Comments Filed, But Will They Matter?
Hackers Extorting With Stolen Photos Increasingly Common
NSA shares raw intelligence including Americans' data with Israel
Why Should Anyone Believe Kerry Now: His Syria Gas Attack Lie Was Brazen
State Dept. Annoyed at Press Questioning MH17 Narrative

## Systemic breakdown/collapse/unsustainability ##
The Rot Within, Part I: Our Ponzi Economy
Surfing the Italian tsunami
Italy is being hit by an economic tsunami caused by the high costs of mineral commodities which is destroying its industrial system and plunging the country in a deeper and deeper crisis. Unfortunately, the Italian government seems to be still locked in the obsolete paradigm of "restarting growth" no matter at what costs and that is worsening the problem instead of solving it.
I'm sure this formula sounds familiar even to those of us who don't live in Italy. -- RF
Self-Driving Cars Will Mean More Traffic
Growth vs. Prosperity: Crash Course Chapter 5
Shortages of Prescription Drugs Reported Nationwide

## Japan ##
The real story behind Japan's drone boom
June home appliance shipments drop 6.8%
Japan's economic growth forecast for FY 2014 cut to 1.2%

## China ##
Chinese officials to get re-education in Marxism
China's housing market implosion is picking up speed
Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold
China's meaningless GDP figures: Bloated Chinese economy needs austerity diet
Ethiopia Becomes China's China in Search for Cheap Labor
China's enormous bad debts may mean good times for bankruptcy experts
Asia's richest man is building Hong Kong apartments barely bigger than a prison cell

## UK ##
UK autumn gas prices to rise due to maintenance, Ukraine risk
Student loan system is almost financially unworkable, say MPs
Government fuel poverty strategy 'meaningless' and 'inadequate', campaigners warn
Trouble in store: the grave future of British public and private debt

## US ##
The Ambitious Plan to Break California into 6 States – A Model for the Future?
The Full-Time Scandal Of Part-Time America
Huge Labor Force Dropout Not Due To Retirements: 47% Full-Time Employment Ratio Of Working Age (16-54 Yrs.) Lowest Since 1985
Inflation where it matters: Close to 50 percent of Americans indicate spending more on groceries and fuel this summer. Nearly one third indicate more spending on rent and mortgage payments.
U.S. consumer inflation rises on high gasoline prices
AK-47 Sales Soar After US Sanctions Kalashnikov Imports
Child poverty rates on the increase
Rich-poor divide: City OKs UWS development with 'poor door' for residents
A trend to working fewer hours and low wage labor: Is America looking at becoming a low wage nation in a race to the bottom? 1 out of 4 people working are in jobs paying $10 an hour or less.
Perry sending National Guard troops to border
Migration spotlights Mexican 'coyote' smugglers
New college grads hit by slow wage growth: Fed study
Can you really afford a new child?
What a Storm Surge of Hot Money Does To San Francisco
Detroit retirees back pension cuts by a landslide
Deal In Detroit Could Signal Cuts To Pensions Elsewhere
Coming to a shore town near you? Inside New Jersey's pension crisis
Appeals Judge Says Guillotine 'Probably Best' for Executions
"But executions are, in fact, nothing like that. They are brutal, savage events, and nothing the state tries to do can mask that reality. Nor should it. If we as a society want to carry out executions, we should be willing to face the fact that the state is committing a horrendous brutality on our behalf."

And finally...
Creationist Ken Ham calls to end space program because aliens are going to hell anyway

<< Home

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