Friday, August 29, 2014


News Links, August 30, 2014

## Global Ponzi meltdown/House of Cards ##
Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch "Buy to Rent" in Spain
Brazil's Economy Tumbles Into Recession For First Time In Five Years
Chinese naval push could affect global trade
There are no definitive government estimates about the amount of global trade passing through the South China Sea, but the United Nations Conference on Trade and Development estimated that 8.4 billion tons—or about half of the world's annual merchant fleet tonnage—passed through the region in 2010.
Greece's Top Banks Said to Seek Up to EU5.4 Billion in ECB Loans
U.S. slaps more sanctions on Iranian banks, firms
"Money": a Virtual Digital Particle Created by Keystrokes
Red-Light District Dims as Zurich Bankers Curb Spending
Kick Russia Out Of SWIFT, UK Demands; But Beware The Retaliation...
French unemployment hits new record
Sinkholes in Seoul keep nation focused on safety-efficiency equation
A series of road collapses in South Korea this summer has raised further questions about safety in a country still reeling from the deadly Sewol ferry disaster in April. Some say the nation's economic development rush came at the price of proper planning and engineering. The government is now scurrying to restore public confidence, sometimes with inconvenient side effects.
The Eurozone Is a Growing Problem for U.S. Economy

## Airline Death Spiral ##
Jet Fuel Crunch Strikes New York Airports Before Holiday
The lowest seasonal supply of jet fuel on record is pushing prices higher and leading to voluntary restrictions in the New York region as the nation's busiest air hub prepares for a holiday rush.
For the second time in a week, a ruckus over a reclining seat causes flight to be diverted
Virgin Australia reports $211.7m loss, sells stake in frequent flyer program
Amid Low Fares, New Airlines Struggle to Stay Afloat
Are domestic airlines making money by fleecing consumers?
Dozens of planes grounded in German pilot strike
Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp
Gov't, airlines discuss measures to deal with pilot shortage (Japan)

## Fault lines/flashpoints/powder kegs/military/war drums ##
FYI: Six Big Lies About The Ukraine: Washington's Narrative Is Pure Propaganda
Russia's Putin urges release of Ukrainian soldiers
Ukrainian Separatists Shoot Down 4 Fighter Jets In Donetsk Region
McDonald's says 12 Russian branches temporarily closed
Finland accuses Russia of 3rd airspace breach in a week
Poland Blocks Flight Of Russian Defense Minister's Plane
The Other Islamist Insurgency: Taliban Launch New Offensive In Afghanistan As US Troops Prepare To Leave
ISIS Claims 250 Syrian Soldiers Executed in Takeover of Raqqa Air Base
Hillary Clinton's Interventionist Fiascos: Here's Chapter And Verse
Washington's Latest War Fever
Libya May Be Focus Of Major Rift Between US And Regional Allies
Chinese interceptions of US military planes could intensify
Pentagon says Iraq operations costing on average $7.5 million per day
With Homegrown Technology, Israel Becomes Leading Arms Exporter
Modi aiming for closer security ties with Japan

## Global unrest/mob rule/angry people/torches and pitchforks ##
A "Ring of Steel" – The UK Spends $80 Million on a Massive Fence to Protect Politicians Ahead of NATO Summit
When politicians become terrified of their people, it's all over. -- RF
Ebola: Guineans riot in Nzerekore over disinfectant

## Energy/resources ##
Gasoline Stations Closed Across Uzbekistan Amid Fuel Shortage
Shell gas stations in Edmonton, Calgary facing shortage
Has Ukraine Shot Itself in the Foot With Gas Pipeline Deal?
Shell Shedding Oil Assets In Nigeria To Cut Costs, Raise $15 Billion
Indian power station coal stocks lowest since 2012 blackouts
Disputed Kurdish oil tanker goes dark off Texas coast
Shell submits a new plan to explore for Alaskan Arctic oil
At the Wellhead: Colombia takes a sobering look at its oil industry
Saudi Aramco seeks interest for work on unconventional gas-sources
Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world's top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said.

## Got food? ##
With Market Basket empty, some turn to food pantries
Gas crunch major challenge before fertiliser sector: FAI official
"Gas is the feedstock for the fertiliser industry and the short supply of gas is the biggest challenge before us at present," Fertiliser Association of India Girector-General Satish Chander told Business Standard.
Fuel scarcity prevents fishermen from going out to sea (Indonesia)
Fuel scarcity nationwide has led to fishermen in a number of regions in the country being unable to go out to sea, forcing some to switch occupations. In Belawan Port, North Sumatra, hundreds of fishermen are reported to have been unable to catch fish for the last week due to diesel fuel shortages.

## Environment/health ##
Ebola Virus Outbreak 2014
Ebola Costs By The Numbers - WHO Requires $490 Million To Fight Ebola As Outbreak Grows
Ebola outbreak reaches Senegal, riots break out in Guinea
Japanese doctor says hospitals closing down in Liberia over Ebola fears
Up in flames: Waste and pollution in the Eagle Ford
Swarm of locusts invades Madagascar
Southwest U.S. could face 35-year 'megadrought'
Ew: You've got mites on your face, and so does everyone else

## Intelligence/propaganda/security/internet/cyberwar ##
Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time
U.S. banking group says unaware of any 'significant' cyber attack
'Your Money or Your Files' as Threat of Online Stickups Grows
Although such crimes are inexcusable, people who don't take precautions and back up everything are just asking for trouble. In addition to common-sense anti-virus and anti-malware precautions, keep clones of your disk and copies of your data on removable media where they are safe from intruders. -- RF
Did Certain Foreign Governments Facilitate the 9/11 Attacks?

## Systemic breakdown/collapse/unsustainability ##
Employers Aren't Just Whining: The "Skills Gap" Is Real

## Japan ##
Japan household spending slumps, output flat as tax pain persists
Japan economy stalls as incomes, spending languish
Consumer prices rise 3.3%
Krugman And The Keynesian Chorus Are Lying: Japan's "Lost Decade" Is A Myth
The truth is that the Japanese and US economies have performed in lock-step since 2000, and their performances have matched each other going as far back as 1980. Either Japan's not in crisis, or the US has been in crisis for a good thirty-five years. You can't have it both ways.
Heavy equipment falls into Fukushima reactor pool
Gov't advises citizens to stockpile toilet paper
One recalls the toilet paper panic of the 1970s. -- RF
Japan defense budget request highest ever as Abe boosts military
Jobless rate rises to 3.8% on July surge in job-seekers
Japan adopts package to help children in poverty

## China ##
Drilling furiously: Chinese energy giants turn upbeat on shale gas
The renminbi's global success
China is now using drones to catch "terrorists" in Xinjiang
Hong Kong's battle with China over democracy begins in earnest this weekend

## UK ##
37% of Working Parents cutting down on Food Costs to cope with spiralling Housing Payments and Rising Bills
ISIS Threat: Britain Raises Terror Alert Level to 'Severe'
Cameron plans to seize suspects' passports in response to terrorist threat
UK's Cameron Goes Full Scaremonger: "We Will Be Fighting ISIS For Decades"
Talk about echoes! One recalls Dick Cheney's war that will not end in our lifetimes. -- RF

## US ##
Census figures show more than one-third of Americans receiving welfare benefits
Poverty Capitalism in 2014 – Introducing Private Probation Companies
Beach Closed, Keep Out: Billionaire Tries to Block Surfers
US Multiplying Fee To Renounce Citizenship To $2,350
Land of the free: Philadelphia Earns Millions By Seizing Cash And Homes From People Never Charged With A Crime
2 California counties ask to form separate state
Government To Regulate Groundwater For 1st Time As California Drought Becomes "Race To The Bottom"
High-ranking Chicago police officer charged with putting gun in man's mouth
A day of reckoning has arrived to retiring Americans
63 percent of Americans that start working by the age of 25 will be dependent on Social Security, relatives, or charity by the time they hit 65.
Can a National Quasi-Religion (Pro Sports) Go Broke?
Pump! S&P 500 edges up to set new record; best month since Feb
Thousands of Americans surrendering their passports due to be hit by huge hike in government fees
Post Office Paid $287K for Trucks It Can't Find
Will the U.S. Postal Service Be Broke Again in 4 Years?
Woman with 3 part-time jobs dies napping in car
St. Paul police arrest a black man for sitting on a bench waiting for his children
The Biggest Tax Scam Ever: How Corporate America Parks Profits Overseas, Avoiding Billions in Taxes
Chelsea Clinton Leaving Her Unbelievably Cushy Fake Job at NBC

And finally...
Gasp! State fair scandal: Winning pie used store-bought crust

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