Sunday, August 31, 2014


News Links, August 31-September 1, 2014

## Global Ponzi meltdown/House of Cards ##
IMF Approves Bailout Payment to Ukraine
Italy's triple-dip recession confirmed as deflation looms
It's not a "triple-dip," it's the next leg down in Italy's economic collapse. -- RF
Eurozone gripped by deflation fears as inflation rate hits five-year low
Eurozone Currency Dispute Intensifies: France Wants More ECB Action to Correct Overvalued Euro, Germany Doesn't
Austrians say the party is over for business in Eastern Europe
Ecuador Plans World's First Government-Issued Digital Currency
Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.
Worried EU leaders call jobs, growth summit for October 7

## Airline Death Spiral ##
Not so friendly skies for other airlines, too
The losses suffered by Malaysia Airlines (MAS) is not foreign to the aviation industry as other carriers worldwide have also encountered bleak times.
Can SpiceJet's COO Sanjiv Kapoor turn around the cash-strapped airline? 
Airline capacity war over as clock ticks on cheap tickets
The end is in sight for the days of falling airfares and empty planes with both major Australian domestic airlines saying the battle for customers is too bruising.
Boeing Can't Give Away 787s

## Fault lines/flashpoints/powder kegs/military/war drums ##
Denmark to deploy military personnel in Iraq
5 US airstrikes target Islamic State fighters
Saudi king warns of terrorist threat to Europe, US
UN peacekeepers in firefight with Syrian rebels
The Mother Of All Blowback: How Washington Created ISIS
Libyan armed faction takes over U.S. Embassy annex in Tripoli
China warns foreign powers not to use Hong Kong as a 'bridgehead'
Pakistan, China, perform joint military operations near war zone
Taliban suicide bombers hit Afghan intelligence agency
Tension high in Ukrainian border towns menaced by Russian forces
Russian soldiers are nowhere to be seen in city captured by rebels, but locals insist that the Kremlin's troops led the advance
Ukraine Crisis: EU Mulls New Sanctions Against Russia Following 'Military Aggression And Terror'
How can you tell whether Russia has invaded Ukraine? (A quick and easy checklist.)
Seven NATO Allies Will Reportedly Create New Rapid Reaction Force
The wars that really are about the oil
US Army Sees 'Megacities' As the Future Battlefield
NATO summit 'most important' since fall of Berlin Wall
Iran Warns New Sanctions Could Spark 'Unpleasant' Response, Create Distrust
The Americans are shocked and indignant that the Russians and Iranians are pushing back. -- RF
Ukraine Crisis: Putin Pushes For Possible 'Statehood' For Eastern Ukraine
Thousands flee Boko Haram attacks in Nigeria for Cameroon, police say

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Knee defender' causing chaos on flights
Road rage: India's highway to hellish behaviour
Road rage and air rage are signs of the extreme stress imposed on people by modern society. This is one more stone kicked out of the pillar that holds everything up. -- RF
Pressure mounts on Pakistan leader to quit as protests continue
Pakistan PM still surrounded by protesters after deadly clashes
Ferguson Protesters File Lawsuit Against Police for Civil Rights Violations
Obama Downplays Threat of World Unrest
If world leaders find it necessary to downplay the threat, you know they are worried. -- RF
Swedish riot police clash with counterdemonstrators at neo-Nazi rally
Amidst Mounting Tensions in Ukraine, a Call Rises: 'No to New Wars, No to NATO'
Hong Kong Activists Protest China's Control Of Leadership Vote

## Energy/resources ##
Must read: A Big Summer Story You Missed: Soaring Oil Debt
Of course, this is not unknown to regular readers of this list, who already know that oil companies are racking up debt at a fearsome pace. Needless to say, deficit spending can't go on forever. Smart people will make preparations now for skyrocketing petroleum-product prices and inevitable shortages. It's not hard to imagine the devastating impacts this will have on modern societies as food doesn't get delivered (or even produced), hungry people riot, companies go bust, societies break down, economies collapse, and conflicts erupt everywhere. -- RF
Russian Gas Won't Sate China's Massive Energy Appetite
German economy vulnerable to global water scarcity, WWF warns
Water is scarce but it continues to be wasted excessively in many industrial states, warns a new study by the World Wide Fund for Nature (WWF), predicting that a global conflict over water resources could bring billions in losses for the German market.
Buyout firms invest $500 mln in new North Sea oil company
India Blackouts Widen as Coal Stocks Drop at Power Plants
Taiwan warns of electricity rationing as people debate nuclear power
Russia to build two nuclear plants in Iran

## Infrastructure scavenging ##
Metal theft leaves more than 1,000 properties without power

## Got food? ##
 Grain heists, crime turn port into Argentina's Chicago
Truck drivers in Argentina, the world's third-largest exporter of corn and soybeans, say theft and extortion are on the rise at the main port, Rosario. While police have pledged to step up security, escalating crime has boosted shipping fees and compounded delays at terminals.
Salmonella outbreak across Europe may be caused by single batch of eggs
Monsanto Sues Farmers for 16 Straight Years over GMOs, NEVER Loses
Agriculture equipment sales decline in 2014
Americans are about to be reminded that butter is a luxury

## Environment/health ##
Ebola takes big toll on already poor health care
Ebola Outbreak Spreads To 6th African Nation: 20 Cases In Senegal
Sweden discovers suspected case of Ebola, official says
Holes in the Ground Could Be Our Longest-Lasting Legacy
Surgery Prices Surge With Innovation and Consolidation Under Obamacare
For hospitals, surgery is the No. 1 revenue source. That encourages medical center administrators to ensure operating suites remain humming — an assembly-line mentality that can lead to unnecessary procedures and spiraling prices, experts say.
Pennsylvania details water contamination
The US state of Pennsylvania has released details of 243 cases where regulators concluded that oil or gas exploration contaminated or otherwise ruined drinking water wells.

## Intelligence/propaganda/security/internet/cyberwar ##
Microsoft Defies Court Order, Will Not Give Emails to US Government

## Systemic breakdown/collapse/unsustainability ##
Is There Capitalism After Cronyism?
The more the Status Quo pursues the same old Keynesian Cargo Cult script of central planning and free money for financiers, the more self-liquidating the system becomes.
Ruin is forever: When the precautionary principle is justified

## Japan ##
Keynesian Central Banking Is An Economic Scourge: More Evidence From Japan
Fukushima fallout: Resentment grows in nearby Japanese city
Fukushima No. 1 chief feared nuclear doom for eastern Japan
Yoshida 'never' called for 'total retreat' at N-plant
Tepco abandons goal of cleaning up radioactive water with ALPS system
3 more people suspected of contracting dengue fever within Japan
Tokyo's robotic eyes are everywhere
Fiscal 2015 budget requests climb to record ¥101.7 trillion
Budget requests for fiscal 2015 have surged a record ¥101.7 trillion amid Prime Minister Shinzo Abe's push to halt Japan's population decline and remilitarize, government officials said Friday.
Exterminating alien species causes unexpected problems

## UK ##
Pay gap widens with one in three young UK workers on low pay
Food theft increase blamed on 'need to survive'
Money is clawed back from Britain's poor under new powers, even though cash was paid out after tax office miscalculations

## US ##
S&P Tops 2000 But Weary Consumers On Strike: The Recovery Delusion Gets Obvious
11 Shot at Start of Labor Day Weekend in Chicago
Home-Flipping Collapses in San Francisco, Losses Spread
Corporations Join Droves Renouncing US Citizenship
US Ops in Iraq Have Cost $550 Million Since June
Young People Have Fewer Jobs Than a Generation Ago
Few Americans Think The U.S. Has An Obligation To Defend Ukraine
A growing number of homeowners are reaching retirement age still owing money on their houses. The share of Americans 65 and older with mortgage debt rose to 30 percent in 2011 from 22 percent in 2001.

And finally...

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