Tuesday, July 29, 2014


News Links, June 29-30, 2014

## Global Ponzi meltdown/House of Cards ##
The Baltic Dry Index (BDI) Is Breaking Down To New Lows
IMF Warns Pound Overvalued; What About Other Currencies?
Mapping The Global Contagion From Portugal's Systemic Banking Crisis
Lloyds fined £217 million over Libor rigging
Argentina fights with debt holdouts; default nears
Swedes in Household Debt Binge Seen Provoking Policy Slap
Russia Buys 18.6 Tonnes Of Gold In June - Currency Wars Intensify
Commerzbank deepens job cuts in toughened savings plan: sources
How Bad Can The Junk-Bond Sell-Off Get? So Bad It'll Take Down Stocks
As Inequality Soars With Bloated Executive Pay, U.K. Group Demands "Radical Action"
85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined
Jobless families occupy homes in Spanish tourist town
U.S. sales to Russia have only risen since sanctions imposed
Russia sanctions threaten to blow euro zone off course
Sanction Spiral Successful: German Exports to Russia Plunge
War Is Coming
The extraordinary propaganda being conducted against Russia by the US and UK governments and Ministries of Propaganda,  a.k.a., the "Western media," have the purpose of driving the world to war that no one can win. European governments need to rouse themselves from insouciance, because Europe will be the first to be vaporized due to the US missile bases that Europe hosts to guarantee its "security."

## Airline Death Spiral ##
Emirates to stop flying over Iraq due to missile risk
Airline insurers face biggest bill since 9/11
Loyalty programs are inspiring more travelers to go turncoat
House Votes To End Full-Fare Rule For Airline Tickets
Top analyst: Why higher airfares are here to stay
The airlines are making millions, but there's no relief in sight for consumers
Avoiding plane crashes as air traffic doubles

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ukraine's use of unguided rockets in civilian areas of Donetsk 'may be war crimes'
US Indirectly Admits Ukraine's Missile Systems Present near Donetsk when MH17 Crashed
Inside The Political Brawl In Kiev: Extreme Nationalist And Neo-Fascist Parties Waiting In The Wings
The U.S. Is Already MILITARILY Involved In Ukraine … Even Though the American People Want Us to STAY OUT
No BBC Video Removal Scandal After All; Evidence of Military Planes Shadowing MH17 Mounts
UN Says MH-17 Downing "May Be War Crime"; Russia Responds Photos Of Ukraine Shelling Are Fake
Ukrainians Ordered to War, Women Burn the Military Writs
Senator Bob Corker's Russian Ultimatum Is A New Low In Stupid Belligerence
Netanyahu rebuffs UN cease-fire call, warns Israelis of 'prolonged campaign'
Vast Libya petrol tank fire 'out of control' after militia rocket strike
Is Latin America's Military Making a Comeback?
U.S. Only Country of 47 to Vote against Investigating Possible Human Rights Violations during Israeli Occupation of Gaza
The Shocking Reason Putin Isn't Worried About The $50 Billion Yukos Ruling
China is using its immense commercial fishing fleet as a surrogate navy
Three female suicide bombers kill scores in Nigeria
Iraq is already splitting into three states
Poland Sanctioned For Hosting Secret CIA Torture Operations
Obama Approves Secret Nuclear Weapons Deal With UK

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dozens reported dead in attacks in China where Uighur separatists are active
West Bank Palestinians, Israeli Arabs protest as Gaza campaign intensifies

## Energy/resources ##
5 Industries Worried About Peak Oil
Power firms fear summer shortage (Philippines)
Coal reserves offer no relief for India fuel crunch
Wishful Thinking About Natural Gas: Why Fossil Fuels Can't Solve the Problems Created by Fossil Fuels
Emergency Electricity Imports from Armenia, Turkey after Major Power Outage (Georgia)
Increasingly Desperate Venezuela Makes Oil-for-Cash Deal With China
Most solar panels are facing the wrong direction, say scientists
Pumping Groundwater in a Drought Is Great, As Long As You Have Groundwater
Energy shortage dents DRC copper mining
Libyan blaze spreads to second fuel depot
What A World Powered By The Sun Would Look Like
Japan Bucks Trend With Financing Of Foreign Coal Plants
U.S. to seize $100 million of Iraqi Kurdish oil in tanker off Texas
Worldwide water shortage by 2040, new studies suggest
Smart meters are a "time bomb" for utilities, warns insurance expert

## Got food? ##
German NGO says TTIP will undermine global food security
Drought hits China food production: Xinhua
Your chicken is about to get more full of feces
Why your coconut water will get more expensive
Governor tried, failed to live on minimum wage for a week, ran out of bologna
Brazil Farmers Say GMO Corn No Longer Resistant to Bugs

## Environment/health ##
Liberia shuts border crossings, restricts gatherings to curb Ebola spreading
New fears about Ebola spread after plane scare
Ebola may expand its deadly reach beyond Africa
Songbirds Dying From DDT in Michigan Yards
Lack of Oversight, Damaged Tankers Caused West Virginia Chemical Spill
Rats plague Louvre Museum gardens
U.S. coastal flooding on the rise, government study finds
Flooding is increasing in frequency along much of the U.S. coast, and the rate of increase is accelerating along the Gulf of Mexico and Atlantic coasts, a team of federal government scientists found in a study released Monday.
Pesticide linked to three generations of disease: Methoxychlor causes epigenetic changes

## Intelligence/propaganda/security/internet/cyberwar ##
The Great War and the rise of propaganda
Former NSA Chief: Why I'm Worth $1 Million a Month to Wall Street
Internet 'tax' may fund new spy laws (Australia)
Phone and internet customers could face a ''surveillance tax'' of up to $100 a year if the federal government implements a scheme requiring companies to store customer data for two years, the telecommunications sector warns.
Calling All Munitions and Fighter Plane Experts: Is German Pilot Claim "Air-to-Air Attack" Brought Down MH17 Credible?

## Systemic breakdown/collapse/unsustainability ##
Why doesn't the 'long emergency' feel like an emergency?
Consumer Reports wants Toyota to recall some 177,500 Camry hybrids
The Biggest Threat to the Economy Is From Outer Space
Threats to the electric grid are coming from everywhere: saboteurs, weather and, as silly as it sounds, from outer space. The danger is significant and growing, and business risk managers are taking it seriously.

## Japan ##
Nippon Steel's Nagoya plant suffers 4th power outage in 7 months
Nippon Steel & Sumitomo Metal Corp said its Nagoya steel plant suffered another power failure on Sunday, the second in about a month and the fourth this year, causing a release of smoke from coke ovens in a process to burn off gas.
China Meat Scandal Spreads: McDonald's Japan Slashes Guidance
Energy sink: Japan Looks at Hydrogen for Power Generation
Ice wall to contain Fukushima Daiichi nuclear plant isn't freezing
Heatwave kills 15; more than 8,000 hospitalised
India naval drill with Japan, U.S. seen as signal to China
Government offers ¥230 billion over 30 years if Fukushima temporarily stores radioactive soil: NHK
The administration of Prime Minister Shinzo Abe has offered to pay the Fukushima Prefectural Government ¥230 billion over the next 30 years if the prefecture hosts temporary storage facilities for soil tainted by radiation from the March 2011 nuclear disaster, NHK reported Wednesday.
The government would not be able to keep up the payments. -- RF
Household spending down 3% in June

## China ##
Chinese Data Don't Add Up
Some Chinese McDonalds are only selling fries and drinks due to a meat recall
Satellites and seafood: China keeps fishing fleet connected in disputed waters
Overgrown Beijing slaps new limits on industry in bid to cut smog
China needs to import more food to ease water, energy shortages - official
China Said to Allow Five Regions to Create Bad-Loan Firms
China's anti-corruption push targets highest-ranking official yet
Fear And Loathing At The PBOC: China's Fragile Financial System Rules Policy
Dozens killed in mob violence in Xinjiang: report

## UK ##
Scientists accuse government of dishonesty over GM babies in its regulation of new IVF technique
Britons Sour on Buying Property Amid Record Values, Halifax Says
Parking spaces are too small for modern cars, drivers claim
Government pushes ahead with fracking plan despite wide opposition
Bid to switch street lights off to save cash
Millions of British Face Fracking 'On Their Doorstep'
EU sanctions on Russia agreed putting City of London in front line
The City of London will be in the front-line of economic sanctions against Russia after the European Union pulled back from measures that would hit a French defence deal or harm Germany's engineering exports

## US ##
Asset Forfeiture – How Cops Continue to Steal Americans' Hard Earned Cash with Zero Repercussions
Study: 35 percent in US facing debt collectors
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
No Q2 Escape Velocity Says Gary Shillng: "Q2 GDP Was Closer To 1% Than To 3%—-Perhaps Even A Negative Number"
Investment Bank Discovers the "Redistributive Effects" of QE
How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young
Our Marginal Economy
The mainstream media is delighted to highlight positive economic data, but nobody ever asks about the quality of the borrowers who are behind the rosy numbers. Behind the rosy numbers, sales and profits are increasingly dependent on marginal buyers and borrowers: those buying on credit who would not qualify to borrow money in a system ruled by prudent risk-management.
A USPS Worker Called 911, and Then His Bosses Called Him a Terrorist
California relies on thousands of inmates paid dollars a day to fight raging wildfires
The billionaires set to get even richer on the dollar-store mega-merger
Did Cuts to Food Stamps Undo Family Dollar?
Obama Seeks to Dramatically Broaden US War on Terror
Obama could curb corporate 'inversions' on his own: ex-U.S. official
U.S. Energy Secretary defends possible German nuke waste imports
US is no safer after 13 years of war, a top Pentagon official says
America's Wealthiest Are Increasingly 'Earning' Their Fortunes by Inheriting Them
Ownership society: Renting drives U.S. homeownership to 19-year low
August 2000 Redux: The Current Flood Of 11th Hour IPOs
RadioShack May Run Out of Cash Next Year, Moody's Says

And finally...
Illinois woman dies after heading back into burning home to retrieve cellphone

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