Thursday, August 21, 2014


News Links, 21-22, 2014

## Global Ponzi meltdown/House of Cards ##
East Asia Geared Up For RMB Gold Trading
Still awash with cash, world economies take turn for the worse
The Italian Job: How Borrowing And Printing Lead To An Economic Dead End
French Manufacturing Activity Shrinks for Fourth Month in August
Spain Dips 37% Into Social Security "Piggy Bank", Fund Depletion in 4 Years at Current Rate; What, Me Worry?
Ebola Sickens Economies of West Africa
Euro-Area Shows Signs of Weakening as Surveys Miss Forecasts
G20 edging towards deal on 'bail-in' bond cushion for banks
Government leaders are expected to agree in November that the world's top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said.
Argentinian Peso in Massive Slide; Argentina's Bonds Decline on Plan to Offer Local-Law Swap
Russian watchdog shuts four McDonald's restaurants in Moscow
Russia conducts checks at McDonald's restaurants in Urals region
Warren Buffett And The Chinese Are Loading Up On Hard Assets
Staples to Shut 140 Stores This Year as Sales Decline
Here Are 10 Countries Hoarding Enormous Piles Of Gold
Russia Adds Another 300,000 Troy Ounces of Gold to Their Reserves in July
It's Official: For Caterpillar, The "Great Recovery" Is Now Worse Than The "Great Recession"
Acquisition-and-Layoff Queen Hewlett-Packard Reports a Miracle
Call for interest rate hikes growing at world's largest central banks
Financial Times: Wall Street Plays Dangerous Derivatives Games — Again
World getting 'super-aged' at scary speed

## Airline Death Spiral ##
Hamas military warns int'l airlines of more airstrikes
Air Berlin to cut seats, fleet in bid for turnaround
Flying High: Taxes and fees on travelers continue to rise
China Angry After Air Traffic Controllers Literally Fall Asleep on the Job
Iceland's last giant volcanic eruption cost the global economy $5bn. Is that about to happen again?
AirAsia X net losses deepen in 2Q on capacity and network expansion
Monarch Airlines Expected to Cut 30 Percent of Its Workforce
JetBlue may start putting customers second
American's 3-Class Jets Dwindle as First Class Fades Away

## Fault lines/flashpoints/powder kegs/military/war drums ##
'Paramilitarizing' the South China Sea
Dozens die in Ukraine in street battles, Donetsk shelling
Iraqi drive on Tikrit falters amid fierce resistance from Islamic State
State Department Asks For 300 Additional Military Personnel for Iraq
Report: ISIS Recruited 6,300 New Fighters in July
US Readying More Troops to 'Crush' ISIS
Germany agrees to arm Iraq in break with post-war tradition
'Terrorists' help U.S. in battle against Islamic State in Iraq
Pentagon Pushes Iraq, Syria Escalations
Hamas says fired rockets at off-shore Israeli gas well
Nigerian Soldiers Mutiny, Refuse To Fight Boko Haram Claiming They Are Ill Equipped
The Pentagon is adding to its arsenal of weapons in Norway's caves
NATO to shun substantial eastern footprint in nod to Russia
Thai Junta Leader Appointed PM By Hand-Picked Parliament
Of Course Canada's New Data-Driven Soldiers Will Have Google Glass
China mending fences with neighbors ahead of APEC meeting

## Global unrest/mob rule/angry people/torches and pitchforks ##
Pakistani parliament to meet as protesters clog streets outside
Pakistan Braces as Revolutionaries March Defiantly Towards Heart of Capitol City
Five detained Tibetans die in Chinese custody
Hong Kong democracy stalemate sets stage for possible financial district shutdown
Ten Days That Shook The Nation: When The Empire Occupied Ferguson
Ferguson: 'High Threat Team' of Former US Navy SEALs to be Deployed to St Louis Area
Activists point to outside agitators to blame for Ferguson violence
Anonymous 'National Day Of Rage' Over Ferguson Shooting To Take Place In 37 Cities
EU Advisors Advocate use of Military Against Strikes and Protests
Chokehold death: With plans for big march, some worry about a Ferguson repeat

## Energy/resources ##
As Oil Prices Drop, Canadian Oil Sands May Be Wasted Investment
Five Regions Where Big Oil Is Foolishly Chasing Profits
A New Frontier for Fracking: Drilling Near the Arctic Circle
Oil Companies Turning Away From The Middle East
Lights Out: Brazil's Power Problem
Egypt suffers regular blackouts due to worst energy crisis in decades
Rising population, intense heat and claims of terror attacks on infrastructure means demand is now 20% more than capacity
A Flagship U.S. Coal Project Gets Quashed
Two Belgian nuclear reactors may be closed permanently - state media
Puerto Rico keeps the lights on, but debt crisis far from over
Puerto Rico managed to keep its electricity flowing this week – but creditors made it clear that the crisis enveloping the island's power utility is far from over.
Cargo bikes, built for the short haul
As long as we have well-maintained roads... -- RF
If You Think the Water Crisis Can't Get Worse, Wait Until the Aquifers Are Drained
Aquifers provide us freshwater that makes up for surface water lost from drought-depleted lakes, rivers, and reservoirs. We are drawing down these hidden, mostly nonrenewable groundwater supplies at unsustainable rates in the western United States and in several dry regions globally, threatening our future.
Ten Facts About Coal You Probably Didn't Know

## Got food? ##
Charity says military use of food pantries has been rising for years (US)
California drought stings bees, honey supplies
Lapse in monsoon leaves India's grain bowls high and dry; may impact food output, prices
France forced to import wheat as rain hits crop quality
China, India to Replace Canada, Australia, US as Meat Suppliers to Russia

## Environment/health ##
Ebola In The Skies? How The Virus Made It To West Africa
Liberians trapped in Ebola slum as security forces 'seal off' Monrovia district
Saudi population to break 30m
US, Brazil Nearing Approval of Genetically Engineered Trees
Epic Drought in West is Literally Moving Mountains
Six charts on the booming black-market trade that's killing off Asia's bears
Chemicals from sunscreen are poisoning the ocean

## Intelligence/propaganda/security/internet/cyberwar ##
Twitter Changes its Timeline Algorithm – Here's What You Need to Know
Free Speech, Filters, Algorithms & Net Neutrality: How Big Company Nudging Can Influence Your World View
Deloitte: App downloads dwindle, 1 in 3 users disinterested
Bots on patrol: Mobile security robot to be mass produced
Russia Forces Its Popular Bloggers to Register -- Or Else
Chinese hackers targeted the MH 370 investigation and appear to have stolen classified documents
UPS says 51 retail stores breached by malware
University Bans Social Media, Political Content and Wikipedia Pages on Dorm Wifi
Researchers Easily Slipped Weapons Past TSA's X-Ray Body Scanners
U.S. Military Bans The Intercept
Traffic lights are dangerously easy to hack
Warning: Your Car Is Spying on You. Here's How to Stop It

## Systemic breakdown/collapse/unsustainability ##
Lessons From The Last Time Civilization Collapsed
The Coming U.S. Economic Collapse Will Trigger a Revolution
Keep on truckin'? Inside the shortage of US truck drivers
Italy: overshooting the bear
Ford tells U.S. dealers to stop selling some C-Max, Focus models

## Japan ##
Tokyo Tackles Flood Control as Typhoons Swamp Subways
Japan's Trade Fiasco Deepens: The BOJ's Yen Trashing Campaign Refutes The Keynesian J-Curve Myth
Abenomics Skepticism Grows as Price Gauge Retreats: Japan Credit
Japan has fallen victim to the Keynesian scam
Gov't considers setting aside Y1 trillion for stimulus next fiscal year
Lights Off at JVC as Abenomics Finds Exporters in Decline
Japan's Export Lift No New Dawn
Japan throttles up work on homegrown fighter jet
Japan department store sales down 2.5% in July
Vegetable prices spike due to bad weather
Think tanks revise down GDP outlook for fiscal 2014
Electronic voting loses steam over glitches, cost
Govt eyes basic price for N-power generation

## China ##
Bank of China Doubles Money for Bad Loans as Growth Slows
China to lead five-nation anti-terror drills in Inner Mongolia
China aims to cut executive salaries
Unreasonably high salaries for executives of major state-owned enterprises must be adjusted, President Xi Jinping said yesterday.
China's housing correction is now in full swing: Big developers begin to slash prices with sales falling more than 10 percent.
Abandoned Homes Swell Bad Debt in China's Wenzhou, Weekly Says
Falling property prices in China's eastern city of Wenzhou triggered 6.4 billion yuan ($1 billion) of bad loans as buyers abandoned homes and stopped making mortgage payments, the Economy & Nation Weekly reported.
China Baby Boom Wagers Go Bust on Child Cost Burden
China allows 3 more banks including StanChart to import gold -sources
China's housing market is plunging—and dragging Macau's casino revenue with it
China manufacturing growth slows to three-month low
China State-Owned Enterprises Chiefs Face 50% Salary Cuts As Xi Jinping Launches Reform

## UK ##
Household savings ratio 'halved'
Households are now saving around 4.8% of their income compared to 9.9% forty years ago
Sepsis is on the rise, warns medical expert
Grandmothers Lead U.K.-Wide Wave Of Direct Action Against Fracking
Self-employment in UK at highest level since records began
SNP accused of exaggerating North Sea oil reserves by up to 60%
More than 800 job cuts proposed at bakery plants

## US ##
Blue Chip Economists Wrong Again: 2014 Consensus GDP Growth Forecast Now Impossible
Car Repos Soar 70% As Auto Subprime Bubble Pops; "It's Contained" Promises Fed
Pensions or potholes? Congress chooses potholes
This Chart Is a True Picture of What's Dragging on the American Economy
30 stats to show to anyone that does not believe the middle class is being destroyed
While The Titanic's Orchestra Plays On: CBO Says Social Security Deficit Has Increased 4X Since 2008
Does THIS Explain the "Snipers" Shadowing the Occupy Protests?
Car rental firm Hertz is latest victim of auto recalls
War Journalist's First Arrest Happens in Ferguson Speech Crackdown
Israel-trained police "occupy" Missouri after killing of black youth
Here's Who Profits From The Ferguson Riots
Torrential Rain Swamps Phoenix, Strands Drivers
5 reasons Americans are unhappy
Multigen Family: On the Rise
As I've repeatedly observed, the nuclear family is just a short-lived phenomenon made possible by cheap energy. -- RF
Los Angeles waterslide plan draws protests during drought
'No' Sheriff in Town: Some Lawmen Refuse to Enforce Federal Gun Laws
Compton school police authorized to carry AR-15 assault weapons
Wall Street Salaries 2014: Goldman Sachs Leading The Way With 20% Hike As Banks Raising Pay For Junior Staff
Eager to subsidize Bank of America's massive $17 billion settlement? Here's your chance
Ferguson and money — where did all the banks go?
The Missouri city, reeling from protests, has a financial system based on payday loans and pawn shops, and that's part of the problem
Sears has lost nearly $1 billion so far this year and it's just getting started

And finally...
Perfect shopping soundtrack revealed by scientists
Spanish senator blames €1 trillion national debt on homosexuals

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