Thursday, August 14, 2014

 

News Links, August 14-15, 2014

## Global Ponzi meltdown/House of Cards ##
Why China Might Begin Dumping Its $1.3 Trillion Hoard Of US Treasuries
Government Of Canada Prepares For A Housing Crash
14 Reasons Why The U.S. Economy's Bubble Of False Prosperity May Be About To Burst
Are There No Hard Limits on Financial Finagling?
Slovak PM warns "meaningless" Russia sanctions will jeopardize EU economy
Euro zone economy grinds to halt even before Russia sanctions bite
Commercial sex industry hit by price deflation: Report
Wages in U.S. down 23 percent since 2008, report shows
"360 Burgers per Hour" – Meet the Burger Flipping Robot that Could Change Fast Food Forever
Dr. Copper takes a hit
Ukraine's currency is collapsing, and there isn't much it can do to stop it
Cisco cutting 8% of workforce, or 6,000 jobs, in restructuring plan
Cut, baby, cut! -- RF
Russia, Egypt looking to create a free trade zone - Putin
Japan and Italy break sovereign debt load records
Greece's collapse is officially worse than the US Great Depression
French economy stagnates in 2nd quarter
Germany's economy losing momentum
In South Korea's New Economic Plan: Treehouses
Governments are trying everything they can think of in a bid to stimulate their moribund economies, but these attempts are doomed to fail because they are aimed at propping up a dying system instead of at letting their economies devolve to a lower energy level. -- RF
Gold going to $5,000 per ounce: Mining executive
The Draghi Delusion: Why European Peripheral Debt Is Fixing To Plunge
Putin Says The Petrodollar Must Die, "The Dollar Monopoly In Energy Trade Is Damaging Russia's Economy"
Japan-U.S. auto talks leave TPP spinning its wheels
Cybercrime's Global Costs

## Airline Death Spiral ##
JetLite to be Scrapped as Airline's Losses Mount
LATAM Airlines posts loss as fans stay put for World Cup
Southwest Airlines is Scaling Back
Allegiant Air adds boarding pass fee
Allegiant Air is adding a boarding pass fee next month and the carrier's baggage fees are going up on Wednesday.
Thai Airways to slash executive perks
Thai Airways International (THAI) will sharply cut its executives' transport allowances as it moves to improve its business performance and tackle losses. 
Is India's Latest Airline Startup Doomed to Fail?
Kenyan Health Workers Fear Ebola May Take Flight
Struggling Skymark Airlines to stop flying from Narita airport, hike fares

## Fault lines/flashpoints/powder kegs/military/war drums ##
Hillary the Hawk Is Out of Her Cage
The Empire Reaps the Jihadist Whirlwind
For more than three decades, the U.S. has deployed Islamic fundamentalist surrogates to fight its imperial wars in Muslim lands. Now, the world's most successful jihadists have turned on their former masters – and will soon go after the Gulf oil states.
U.S. Could Use Ground Troops to Aid Rescue of Iraq Refugees
Iraq Escalation: US Troops Headed Back to Fallujah
Islamic State seizes more territory in Syria: monitor
Syrian Rebel Commander Says He Collaborated With Israel
The Roots of the Iraq and Syria Wars Go Back More than 60 Years
Iraq Prime Minister Nouri al-Maliki Steps Down In Favor Of Haider al-Abadi And A Unified Government
With Mount Sinjar crisis over, Obama authorizes continued airstrikes against Islamic State
US Expanding Military Operations in Iraq
Russian Ban Sends Polish Food Producers Plunging to 5-Year Low
Russia Sanctions Blowback: Finland's Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO
The Sanctions Are Now Eating their Lunch: Russian CEOs Beg for Bailouts, German Economy Swoons
US Sending 600 Troops, APCs And Tanks To Countries Bordering Russia To "Reassure Threatened Allies"
Ukraine death toll spikes as attacks intensify
Russian armoured vehicles and military trucks cross border into Ukraine
Pakistan's Quetta airport hit by deadly bomb and gun attack
Report: White House in the Dark Over Arms Supplies to Israel

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tear Gas, More Arrests in Ferguson, Missouri
Missouri police fired wooden bullets at crowd during protest over teen's death
The Ferguson Shooting of Mike Brown: The Questions the Police Won't Answer

## Energy/resources ##
Mexico Oil Output Bloated by Water Barrels, Official Says
International oil producers halt northern Iraq operations
ISIS: A Growing Oil Producer in Iraq and Syria
Street lights in Northern Ireland to be switched off due to budget cuts
Nationwide blackout hits Malta
Eskom: Power system remains tight (South Africa)
Two weeks recovery period if system collapses – Eskom
Germany's RWE warns of supply risks as power sector crisis bites
Germany's RWE reported a 40-percent plunge in first-half profits, blaming loss-making power plants and warning that power supplies were under threat unless a European energy sector crisis was fixed.
When will Kazakhstan's Kashagan be able to restart production? (podcast)
Consent for Norwegian arctic drilling given
Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada
Fracking Operators Illegally Injecting Diesel Fuel, Study Finds
Ukraine Passes Russian Sanctions Law: Gas Transit Halt Seems Imminent
As Demand For Oil Drops, Worries Rise For Debt-Heavy Companies
Shell Sells More US Gas Assets Amid Cost Cutting Drive
US Natural Gas Inventory Growth Slows

## Infrastructure scavenging ##
Metal theft a possible factor in major Detroit flooding
Thieves risk their lives to steal electric cables

## Got food? ##
Beef Products Inc reopens plant as 'pink slime' lawsuit proceeds
Beef Products Inc will reopen a Kansas processing plant on Monday to boost production of "lean finely textured beef," which critics call "pink slime," as wholesale beef prices soar with a shrinking U.S. cattle herd.
Perdue recalls 15,000 lbs of chicken nuggets after plastic discovered in meat
Coffee Shortage Spurs Counterfeit Grinds
Coffee producers are adding fillers to ground coffee, according to new research by State University of Londrina in Brazil and presented this week at a meeting of the American Chemical Society. The common filler ingredients that have been found include wheat, husks and sticks, soybean, acai seeds, barley, corn, rye and brown sugar—even clumps of earth.
Islamic State Militants Grab New Weapon: Iraqi Wheat
Shifting Climate Has North Dakota Farmers Swapping Wheat For Corn
Illinois company is latest to test market for carp

## Environment/health ##
Oil companies fracking into drinking water sources, new research shows
Energy companies are fracking for oil and gas at far shallower depths than widely believed, sometimes through underground sources of drinking water, according to research released Tuesday by Stanford University scientists.
WHO: Ebola death toll reaches 1,069 in West Africa
Ebola outbreak: Guinea declares health emergency
Extreme weather becoming more common, study says
The Secret Bataclysm: White Nose Syndrome and Extinction
"Sky-rocketing" tiger trade blamed on growing Asian wealth
A leading conservationist warns that the illegal trade in tiger parts for medicinal purposes is increasing, despite improved efforts to save the world's largest cat.
U.S. says reopening New Mexico nuclear waste dump is top priority
Strong Storms Shatter Records on Long Island, Cars Nearly Submerged
Decision could boost use of popular weed killer
Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide - and on genetically modified seeds to grow crops designed to resist it.
UNICEF Report: Africa's Population Could Hit 4 Billion By 2100
Highly unlikely. -- RF
Antarctic Melt May Lift Sea Level Faster in Threat to Megacities
Derelict fishing nets have turned the bottom of the sea into a death trap
The Risky Rise of the Dams
With mining growth comes larger, deeper, more unwieldy tailings ponds, experts warn.
Vaquita porpoise on the verge of extinction
Giant Amazonian fish now 'locally extinct' in many areas
Death By Salt? New Study Finds Too Much Sodium Is A Global Killer
Study: Flies on food should make you drop your fork

## Intelligence/propaganda/security/internet/cyberwar ##
NPR Is Laundering CIA Talking Points to Make You Scared of NSA Reporting
In Midst of War, Israel Clamps Down on Internal Dissent
From crackdown on the press to mob beatings of protesters, critics of Gaza assault within Israel face fierce retaliation.
Internet routers hitting 512K limit, some become unreliable
Chilling Echoes of Past, as Spain Cranks Up Political Repression
Snowden Claims NSA Knocked All of Syria's Internet Offline
Anonymous-affiliate hacks Twitter account of Russian PM Dmitry Medvedev
Google removes Telegraph stories about explosives arrests
Do Not Fear This Giant Robot Swarm
Video of Ferguson police gassing news crew and dismantling their equipment
11 Shocking Facts About America's Militarized Police Forces
Police Faulted Over Use of Military Tactics in Ferguson

## Systemic breakdown/collapse/unsustainability ##
Peak mileage and the diminishing returns of technology
We're Relying on Phantom Wealth to Fund Our Retirement
The narrative that Social Security, Medicare and pension funds invested in stocks and bonds can fund the retirement of 65 million people is a misleading fantasy. The sad reality is we can't fund the enormous expense of retirement/healthcare for 20% of the populace out of our national earned income, and the savings that have been set aside are either fictitious (the Social Security Trust Fund) or based on phantom wealth created by speculative asset bubbles in stocks, bonds and real estate.
Is the Internet full? Major sites brought down by technical problems
Likely repeat of this week's technical problems affecting eBay would cost the economy millions as the Internet runs out of space, experts fear
Jaguar Land Rover recalling nearly 41,000 vehicles
Land Rover recalls 46,515 SUVs in U.S., Canada for air bag issue
Ford recalls 83,250 cars and SUVs for faulty axles
Hetch Hetchy water tunnel in danger of 'catastrophic collapse'
Mountain Tunnel, a key part of the Hetch Hetchy water system - which supplies 2.6 million Bay Area residences and businesses - is at risk of a "catastrophic collapse" and will cost more than $100 million to repair or up to $630 million to replace, according to the San Francisco Public Utilities Commission.
Energy and the Economy – Twelve Basic Principles
This should be required reading for all politicians and economists. -- RF

## Japan ##
Surprise, surprise: Japanese economy contracts on account of sales tax increase
The Three Arrows of Abenomics – Promise, Hype, and Hope
Bank Of Japan Plunge Protection Team Goes Into Overdrive, Buys Most ETFs Since 2010
Japan second quarter machinery orders plunge; weak outlook challenges policymakers
40% of homeless in Tokyo experience harassment
Japan's ailing rural towns push free beer, other perks to urbanites in tax-sharing drive

## China ##
New Yuan Loans and Shadow Banking Collapse in China; Record Bank Deposit Slump
China halts some US pork imports over feed additive
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said on Tuesday.
Surprisingly weak China July money data cast doubts on recovery's durability
Capital Flight From China, One Person at a Time, Via ATM and Bitcoin

## UK ##
British Wages Are Falling Despite Economy's Growth
Britain's consumer credit market is a giant ticking time bomb
London housing boom shows signs of cooling as sales stumble
Iraq crisis: British forces on their way - but officials rule out military action
900,000 elderly needing care left to fend for themselves
EDF Energy shuts three UK nuclear reactors after fault found

## US ##
US states' revenues extend fall in second quarter: Report
DEA Paid Amtrak Employee More Than $800,000 To Steal Passenger Information
This Is The Terrifying Result Of The Militarization Of Police
Detroiters ask governor to declare state of emergency
Job = Just Over Broke
Macy's miss doesn't bode well for other retailers
Watch out: 10 things rising in price by fall
Tesla, Fairest Welfare Queen of all, Cracks the Whip
At the same time, we have to see this in perspective. Hybrids, EVs, and other gimmicks to "conserve energy" are futile attempts to prop up a system that has long since exceeded planetary scale. -- RF
Atlantic City Faces Downward Spiral With Revel's Demise 
With casinos struggling, some advocate sports gambling
As another casino in Atlantic City, N.J., plans to close its doors, some believe allowing sports betting could help invigorate a struggling industry.
Uh-oh: Trouble is brewing again in the repo market
Deere posts lower quarterly profit, cuts full-year outlook
Heating fuel stockpiling begins
Consumers Still Sitting On Wallets: O% July Retail Gain Isn't "Sizzling Rebound" From Bad Weather
Companies announce over 700 job cuts in Illinois
Email: Is Going on Vacation Becoming Too Much Work?
US auto loans hit 8-year high, fueled by subprime: NY Fed
The Decelerating Trend In Real Retail Sales Is Unmistakable: From 3-4% in 2010-12 to 1-2% Now
Feudal America creating an army of renters
Like its customers, Wal-Mart is struggling

And finally...
Fake security guard establishes 'no selfie zone' in NYC, demands pictures be deleted




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