Tuesday, July 08, 2014


News Links, July 8-9, 2014

## Global Ponzi meltdown/House of Cards ##
Is shadow banking set to take off globally?
Premature Retail Spending Hope for France and Italy, Lofty Expectations for Germany
German Industrial Output Falls in Sign of Slower Growth
German Miracle Economy Trips, Good Weather Gets Blamed
Canada likely 'has little to show' in jobs data next week
No Politician Is Allowed to Oppose Banks For Long, Not Even the French President
The Almighty Dollar Is In Peril As The Global 'De-Dollarization' Trend Accelerates
Things have never been more negative for the dollar
The Dollar As We Know It Will Be Gone Within 6 Years
A Dark Alliance: European Union Joins Forces With Wall Street
Top banks face wait for detail of new buffer to protect against bailouts
Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar
100 million more Indians defined as poor: reports
An extra 100 million Indians have been classed as poor by an expert panel that has redefined the country's poverty benchmark after a storm of protest, reports said Monday.
Russia approves creation of BRICS foreign exchange fund
Marc Faber: The asset bubble has begun to burst
European Stocks Plunge Most In 6 Months; Banks Battered

## Airline Death Spiral ##
New Lufthansa CEO may step up challenge to low-cost rivals
New Chief Executive Carsten Spohr will say this week how he aims to win back investors after a profit warning knocked $2 billion off Lufthansa's market value. A new round of cost cuts, a deeper push into cheaper no-frills services or a possible alliance with a Middle Eastern airline could be on the menu.
Don't fasten seat belts: Airlines and standing-only sections?
Longer Lines Loom for U.S.-Bound Fliers on Device Checks
United Airlines to outsource more than 630 jobs at U.S. airports
United Airlines said on Monday it plans to outsource more than 630 jobs at 12 U.S. airports in a cost-saving move.
Air France cuts profit guidance as overcapacity hits prices
Air France KLM said its 2014 profits could be as much as 12 percent lower than previously predicted, mainly as a result of overcapacity and resulting weak prices in both the passenger and cargo sectors.
Qantas unveils 167 job losses
Could this be why your bags didn't make that flight?
Most Indian airlines suffered losses in 2012-13: MoCA

## Iraq ##
Vice Navy Chief: US 'Needs to Be in Iraq'
Iraqi Parliament won't meet until August; insurgents kill key general
Isis Leader Preaches Holy War
Abu Bakr al-Baghdadi puts persecution of Shias at heart of his ideology ahead of push on Baghdad

## Fault lines/flashpoints/powder kegs/military/war drums ##
Gaza militants unleash heavy rocket fire on Israel
Israel Pounds Gaza as Cabinet Okays Escalation
Fears of Ground Assault as Israel Mobilizes 40,000 Reservists
This US-Trained, Dictator-Loving General Could Be Indonesia's Next President
EUCOM Chief: Time To Stop the Drawdown in Europe
2 street gangs divide up El Salvador's capital, bringing chaos to all
Airspace over Crimea belongs to Ukraine, International Civil Aviation Organization confirms
Governments from Around the World – Including Western, Islamic, Asian and African Nations – ADMIT They Carry Out False Flag Terror
Top General Says Mexico Border Security Now 'Existential' Threat to U.S.
US company signs billion-dollar energy deal with Iran
US aircraft detected over Chinese oil rigs off Paracels
Robbers loot Samsung phones and computers from Brazil factory
Thieves have raided a Samsung electronics factory in Brazil during the night shift, subduing workers and guards before making off with about US$6.3m worth of mobile phones and computers.
Somali presidential compound attacked, president safe
Australia, Japan strengthen defense technology ties
Islamist terror threat to west blown out of proportion - former MI6 chief
China may have cut off oil to North Korea for 5 months

## Global unrest/mob rule/angry people/torches and pitchforks ##
SOURCE: Feds to Bring in Riot Squad Against Illegal Immigration Protesters
Truckers strike at Los Angeles, Long Beach ports
Singapore doubles riot police after guest worker fracas
Singapore is doubling the size of its frontline anti-riot forces and stepping up surveillance after a rampage by Indian workers exposed police weaknesses following four decades of strict social order.

## Energy/resources ##
Oil Production Numbers Keep Going Down
Total CEO keeps costly drilling strategy to end: 2014
The chief executive of French oil major Total (TOTF.PA) is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the exploration budget.
Chinese bid for Italy grids raises eyebrows -sources
Russian oil production expected to drop
Russia Oil Exports Fall to Six-Year Low as Refiners Process More
Russia Rushes To Seal Ukraine-Bypassing Gas Pipeline: Lavrov Pays Bulgaria A Visit
Gas shortage 'key risk' for eastern Europe
Oil exports from Libya's eastern ports yet to restart
Saudi Gas Development Plans Hit Hurdle as Shell Shelves Project
Here's what Tesla owners are doing while the rest of us sleep
While some of us might be dreaming of one day owning an electric car, electric-car owners are charging up their vehicles and using "gobs of electricity," says Opower, Inc.
Report urges government to act on resource risks (UK)
A new report, 'Materials for Manufacturing: Safeguarding Supply', released today (8 July) by EEF, the manufacturers' organisation, warns the government to act upon the increasing risks to the UK's supply of raw materials.
Drilling Down To The Economic Realities Of Geothermal Power
Power blackout in parts of Soweto (South Africa)
At the Wellhead: Indonesia tries to kickstart its faltering oil industry
Washington blames UK tax rises for collapsing North Sea oil hopes
The Latin American quandary: lots of shale gas, not a lot of production
Ukraine's gas dispute could mean cold winter for Central, East Europe
Paris's return to public water supplies makes waves beyond France
Chevron leaves Lithuania as shale gas prospects remain uncertain
Maersk takes major hit on Brazilian assets
Nearly half of India's coal power plants have one week of stocks
Too early to call Kurdistan an oil El Dorado: Total CEO
Brazil Santos basin leaks 'sharply higher'
"The more audacious the exploration, the greater the risk of dangerous accidents and the harder it is to control them."
Gas consumption to exceed Mideast production by 2019
The International Energy Agency (IEA) has warned that demand for natural gas will exceed its production from the Middle East countries (Arab countries and Iran) during the second half of this decade, and that if it isn't dealt with seriously, this phenomenon would persist.

## Got food? ##
Map: Here's how much each country spends on food
Rising food prices land masses in hot water (Pakistan)
10 companies that put nearly all the food on supermarket shelves

## Environment/health ##
For Many Americans, Stress Takes A Toll On Health And Family
Who Turned Out the Lights? The Coming Mega Sun Storm
Sharp increase in central Oklahoma seismicity since 2008 induced by massive wastewater injection
Mycoremediation (Bioremediation with Fungi) – Growing Mushrooms to Clean the Earth. A mini-review.
Some of the prospects of using fungi, principally white-rot fungi, for cleaning contaminated land are surveyed.
Report: Oil Sands Contaminate First Nations' Foods, Give Residents Cancer (Canada)
Nicaragua approves route for £23bn rival to Panama Canal
Doctors: TPP Would Trample Access to Medicines
International humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF) warned Monday that the highly secretive Trans-Pacific Partnership will further erode access to life saving medicines in all countries involved in the deal, hitting poor and vulnerable people the hardest.
'Remote-control' contraceptive implant developed backed by Bill Gates

## Intelligence/propaganda/security/internet/cyberwar ##
U.S. Urges Energy Companies To Be On Guard Against Russian Cyberattacks
Big Brother's Right to Censorship and Erase History; Misplaced Hope For a "Limited Big Brother"
Saudi Human Rights Lawyer and Activist Jailed for 15 Years for Free Speech Under New "Anti-Terror" Law
Attempt to Tie Bitcoin to ISIS is Proof the Establishment is Scared to Death
CIA Directly Involved in Germany Spying Operation
The Latest Snowden Leak Is Devastating to NSA Defenders
North Korea has doubled size of its cyber army: source
Germany to spy on US for first time since 1945 after 'double agent' scandal
Chancellor Angela Merkel's government is planning to scrap a no-spy agreement Germany has held with Britain and the United States since 1945 in response to an embarrassing US-German intelligence service scandal which has deeply soured relations between Berlin and Washington.
Word of mouth more important than ever for social network generation
Information overload from the internet is causing more people to be influenced by what their friends are doing
Wall Street Teams Up with U.S. Intelligence Cronies in Bid to Form Fascist "Cyber War Council"
UK Moves to Legalize Mass Surveillance
Anti-Cuba Propaganda Plane Downed for Good
Big Brother is watching—make that trolling—you
Glenn Greenwald Suggests There's a Second NSA Leaker
Yahoo Hacks Highlight Cyber Flaws Japan Rushing to Thwart

## Systemic breakdown/collapse/unsustainability ##
The age of diminishing technological returns: a review of "The Age of Low Technologies" by Philippe Bihouix
Debt: Eight Reasons This Time is Different
What happens when there's no money to repair our highways
Ford recalling 100,610 vehicles in North America in six actions

## Japan ##
Japan current account surplus improves in May, outlook dim
Japan's Nuclear Plants Brace for Typhoon Hit
For final N-waste sites, welcome mats hard to find
TEPCO urged to alter water-damming bid
Sony to solicit employees for early retirement

## China ##
"This Could Be The Last Straw" 90% Of China Loan Guarantors Bankrupt
Mazda recalls over 42,000 cars in China due to Takata air bag issue
China's crackdown in restive Xinjiang nets 400 suspects
China Prepares To "Boost" Economy By Also Revising Its GDP Definition
Report: Foxconn ready to put robots on iPhone 6 assembly lines

## UK ##
Phone companies could be forced to store data under new security laws
Nation divided as families desert cities
Families are being forced out of cities such as London, Manchester and Birmingham and moving to the countryside
Manufacturers urge action over raw metal prices amid supply worries
Costs for key British industries such as aviation and electronics will soar unless the government takes action over the rising price of raw materials, the UK's manufacturing body has warned.
Could TV Licensing be given power to raid bank accounts?

## US ##
Virtual Economy's Phantom Job Gains Are Based on Statistical Fraud
What's Lurking Beneath the Glossy Veneer of the Jobs Report?
No Escape Velocity In 2014: Why JPM's GDP Forecast Has Been Marked Down To 1.4%
Profiteers Cashing In on Nation's Catastrophic Water Crisis
More U.S. companies doing deals to avoid U.S. taxes: Congress study
Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy research arm of Congress said on Monday.
SWAT teams patrol Chicago's streets after about 60 people shot during July 4 weekend
Boy, 16, among five people shot by Chicago police over 36 hours
Mayhem in Chicago sees police chief admit 'we lost it' after 82 shootings and 14 deaths on deadly 4 July bank holiday
Pot plants slurp up California's water supply
Canary In The Projection Room: Box Office Slump May Signal Tapped-Out Consumer
The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In
Americans are down on America
We're No. 33! That's the bottom line in a new Gallup poll measuring the extent of freedom in 135 countries. Only 79% of Americans say they're satisfied with their freedom to choose what to do with their lives, down from 87% in 2008.
Why U.S. gas prices may never go down again
Wal-Mart Exec: Spending 'Not Getting Any Better'
Why nukes keep finding trouble: They're really old
The nuclear missiles hidden in plain view across the prairies of northwest North Dakota reveal one reason why trouble keeps finding the nuclear Air Force. The "Big Sticks," as some call the 60-foot-tall Minuteman 3 missiles, are just plain old.
Obama requests $3.7B for additional border enforcement
Forgotten vials of smallpox found near D.C.
After Detroit, another city ponders bankruptcy
Rich Chinese Are Top Foreign Buyers of U.S. Real Estate

And finally...
The CIA's Twitter Experiment Has Gone Downhill Fast
Inventor Of Email: People Tell Me 'I Want To Kill You'

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