Sunday, September 14, 2014


News Links, September 13-15, 2014

## Global Ponzi meltdown/House of Cards ##
EC Fiscal Farce Continues: Burying Itself In Debt, France Postpones Budget Targets For 4th Straight Year
Harsh Austerity Sends Italian, Spanish Debt To Record Highs
Undeclared War on Russia; Solidarity by Force; Ruble Falls to Record Low; Sanctions Target Private Companies
Europe Is Doing Everything It Can to Avoid a Self-Inflicted Energy Crisis
EU Seeks Billions Of Euros To Revive Moribund Economy
Collapsing Russian Car Sales Hit GM, Ford, Toyota, VW
End Of Empire - The 'De-Dollarization' Chart That China And Russia Are Banking On
China Industrial Growth Slows, Power Generation Negative 1st Time in 4 Years; Stimulate Now, Crash Later
Undeclared work increased with the economic crisis (EU)
Eurocrats Go Full Keynesian Retard: Seeking Ways To Borrow Hundreds Of Billions W/0 Adding To Debt!
Europe Folds To Russian Demands, Delays Ukraine Free Trade Deal By Over A Year
The death spiral of capitalism
No less than six sovereign borrowers are now paying negative nominal interest rates on their 2-year borrowing in euros. In other words, they are making money by going into debt. In real terms, medium-term U.S. TIPS and British index-linked gilts have had negative interest rates for several years. Contrary to the views of the happy Keynesians around us, this is very dangerous indeed. If negative interest rates were to persist, the world's stock of capital would eventually disappear. Without capital, we'd be back up the trees.
In an Unstable World, War-Zone Insurance Soars
Humans Need Not Apply – How Robots Will Take Over the Economy
Just one thing: It takes a lot of energy to power all those robots. -- RF
Wall Street At Work Aggravating Risk—-Would You Like Some Leverage On Them Junk Bonds!
Marc Faber's new warning + why you'll be lucky to only lose 50% of your money
Will it take 30 years or 300 years for poor countries to catch up to rich ones?
What will actually happen is that developed countries will collapse, which will do far more to bring about parity than growth on the part of developing economies. -- RF
Dubai hotels record worst month in 18yrs
The bigger they are... Dubai on track to become 'centre of the world'
Reinsurers flock to Monte Carlo as market storm brews

## Airline Death Spiral ##
Europe's Big Airlines No Longer Want to Fly in Europe
The biggest airlines across Europe are finding it tricky to make money in their own backyards.
Ebola outbreak blamed for over $2bn airline losses
As Air Accidents Rise, Will Aviation Insurance Premiums Follow Suit?
The rise in accidents has set the bills soaring for aviation insurers, with firms looking at annual losses worth $2 billion this year.
Canada's airports want to join the big leagues — but are government fees holding them back?
Airlines add fees to print boarding passes, escort young fliers
Europe's Big Airlines on Strike
Shortage of pilots becomes a problem for some US states

## Fault lines/flashpoints/powder kegs/military/war drums ##
Libya Closer To Failed-State Status, Ushering In Possible ISIS, Jihadist Haven
Report On ISIS Shows It's Very Good At Moving Stolen US Weapons Between Iraq And Syria
Kerry opposes Iran role in anti-Islamic State coalition
Scahill: ISIS Disaster Has Failed 'War on Terrorism' Blowback Written All Over it
Islamic State Bombs Iraq Oil Refinery as U.S. Hardens Stance
Isis air strikes: Obama's plan condemned by Syria, Russia and Iran
European Nations Donate Weapons to Kurdish Fighters
US Bypasses Security Council on Impending Invasion of Syria
Australia answers US call to fight Islamic State
Arab states 'offer help with air strikes' against Islamic State
NATO countries have begun arms deliveries to Ukraine: defense minister
Ukraine's defense minister said on Sunday that NATO countries were delivering weapons to his country to equip it to fight pro-Russian separatists and "stop" Russian President Vladimir Putin.
Russia, China court India for regional bloc
China on track to develop Indian railways as Xi heads to South Asia
Piracy in the South China Sea: Petty Theft in Indonesia, Kidnapped Ships in Malaysia
While most associate piracy with hijacked ships and abandoned crews around Somalia, the area with the most pirate attacks in recent years has been the South China Sea.
Qatar Buckles Under Pressure From Saudi Arabia, UAE; Expels Muslim Brotherhood Leaders
Shocking footage of Australian police in riot gear removing children at 'gunpoint'
Independence movement for northern Italy getting "boost" from upcoming Scotland vote: party leader
Shanghai Cooperation Organization - new regional and global power
Asia arms up to counter growing Chinese might

## Global unrest/mob rule/angry people/torches and pitchforks ##
Debt-ridden Spain to spend €1mn on riot gear
Catalans protest over independence on National Day
Tense stand-off in Pakistani capital as political crisis deepens
Hundreds of workers on strike at Lear Corp. plant
Hundreds of workers protesting what some are calling fast-food-like wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago.
Russia Sends Second Humanitarian Convoy Into Ukraine, And Nobody Says A Word
Dutch stage tomato fight against Russian sanctions
Hong Kong Democracy Activists Stage 'Black Cloth' Protest Over Limitations On Elections

## Energy/resources ##
Aquino wants emergency powers to solve power crisis (Philippines)
National Grid fears electricity shortage for winter (UK)
"Fantasy" of Fuel From Corn Waste Gets Big U.S. Test
The Countries Most at Risk from Declining Oil Prices
In short, high prices are needed to finance the economies of oil-dependent countries, and to cover the escalating costs of producing oil. Prices must stay high to stave off unrest, and to keep the world supplied with oil. -- RF
Gazprom Says Kiev Should Blame Warsaw For Gas Supply Cut
The High Cost Of Renewables
I believe we may soon discover that a lack of dependability in our electricity supplies, that results in blackouts, will carry a very high cost for society and the economy.
Nuclear energy tops Russia, Iran agenda
Russia's Gazprom may boost 2014 investments to 1 trillion roubles - source
French court keeps government cap on power prices for now
French electricity prices will remain capped for now, after the country's highest administrative court ruled against a group of power producers that had appealed against the limit.
IEA again cuts forecasts for oil demand
Propane still difficult to secure (US)
Will Kyrgyzstan's Winter Be a Blackout Again?
Fresh sanctions will freeze big foreign oil projects in Russia
S.Africa's Eskom to raise more debt, get state equity injection
Scotland bets on North Sea oil, even as the wells start to run dry
The dark side looms in India over coal

## Infrastructure scavenging ##
Metal thieves strike a Norfolk church a week for six weeks
Thieves attempt to take copper wire from radio tower
Farmers battle copper thieves
Thieves Target Copper Wire on Utility Poles

## Got food? ##
World has less than 10 weeks of food stocks left
THERE is less than 10 weeks supply of food in stock on the planet as extreme weather has reduced global food production in recent years despite soaring demand.
Fecal matter, mold and more found on Foster Farms chickens
Cargill fires first shot in legal battle over GMO trade responsibility
Cargill Inc's [CARG.UL] lawsuit against Syngenta AG (SYNN.VX) over rejections of genetically modified U.S. corn by China may be just the start of legal challenges against global seed makers over trade with one of the world's biggest markets.

## Lifestyle Solutions ##
The Hidden Value of Gardens
The Revenge of the Circulating Fan
'Build It with Bales' Offers Instruction on Building Straw Bale Homes

## Environment/health ##
Fracking or drinking water? That may become the choice
Fracking for oil and natural gas—or having enough water to drink. That's the possible dilemma facing a number of countries including the United States, according to a new report released by the World Resources Institute last week—though experts disagree on the real implications of the report and what should be done about it.
Gladiators: NFL says 3 in 10 ex-players face Alzheimer's, dementia
INFLUENCE GAME: Chemical trade tries to shape regs
The powerful chemical industry is putting its lobbying muscle behind legislation that would establish standards for chemicals used in products from household goods to cellphones and plastic water bottles - but also make it tougher for states to enact their own regulations.
Responders Totally Unprepared for Tar Sands Spill in Great Lakes
Enterovirus 68 now sickening children in Northeast
Monarch Butterfly's Numbers Fly Dangerously Low
As Ebola cases accelerate, Liberia's sick must fend for themselves.
Ebola Pandemic Unlikely, Experts Say, But Other Threats Loom
Ebola: Liberia, Sierra Leone and Guinea Hit by Lack of Doctors and Aid
A week on from flood, 150,000 still stranded in Indian Kashmir

## Intelligence/propaganda/security/internet/cyberwar ##
Terror risk high: Tony Abbott announces increase in National Terrorism Public Alert System (Australia)
U.S. threatened massive fine to force Yahoo to release data
Israel intelligence reservists say they'll no longer spy on Palestinians
More than two dozen reservists from the Israeli army's elite intelligence-gathering unit have sent a public letter to Prime Minister Benjamin Netanyahu and the army chief of staff declaring their refusal to serve on intelligence missions against Palestinians.
Spy court renews NSA metadata program
Samsung accuses rival LG exec of vandalizing washing machines
Citi, Deutsche Bank, Bank Of America Were Channels For Sending Drug Money To Colombia, Court Filing Shows
The NSA will now map out the entire Internet
Japan to use facial recognition technology at automated airport immigration gates

## Systemic breakdown/collapse/unsustainability ##
New Health Policy Brief: Drug Shortages
Today, newly reported drug shortages overall are decreasing, but the total amount of drug shortages continues to increase, reflecting just how long it can take to rectify a shortage. Generic sterile injectable drugs, a vital component for patients fighting cancer, combatting an infection, or about to undergo surgery, are in especially short supply.
Only Germany is holding together as separatists threaten to rip Europe apart
Aging Infrastructure Causes Constant Water Main Breaks
Why New York is crumbling

## Japan ##
Why The Tribulations Of Abenomics Is Important: Its A Grand Scale Failure Of Keynesian Stimulus In Real Time
Japan drives rates below zero in bid to fuel its long-moribund economy
Solar, wind power proposed as way to refill hydrogen stations
It won't amount to a hill of beans. -- RF
Young workers using less of their lunch money after first tax hike
Dengue fever outbreak shows no signs of ending
Power output drops for 5th straight month
Japanese government urged to delay sales tax rise
Elderly account for record 25.9 percent of Japanese population
Number of Zushi beachgoers takes dive in summer as new regulations hit
The number of people visiting beaches in the Shonan area of Zushi, Kanagawa Prefecture, plunged by 50 percent during the summer beach season ending Aug. 31 compared with last year, as beachgoers and beach huts faced tough new restrictions including a crackdown on alcohol and music.

## China ##
China taking steady steps toward Indian Ocean sea lane
China is steadily advancing efforts to create a sea lane through the Indian Ocean by actively investing in port facilities of South Asian countries.
High-speed rail boom in China spawns network of ghost towns
China's development of a high-speed rail network has significantly boosted economic development along its lines; many of the new towns have yet to attract residents, however.
China's Island Factory
New islands are being made in the disputed South China Sea by the might of the Chinese state.
China Daily: "Western Sanctions Will Make Moscow Back The Chinese Yuan Against The Dollar"
China inflation data show economy losing momentum
China urges central Asian neighbors to step up extremism fight
China August Factory Growth Falls Near 6-Year Low: Calls Louder For More Stimulus
China Aug power output falls for first time in 4 years, steel largely flat
China's housing market pulling down growth
China Travel Warning To The Philippines; Manila Ensures Chinese Citizens Safety

## UK ##
Fuel theft on the rise again
Thousands of drivers across the West Midlands drove off without paying for their petrol over the past year, new figures reveal.
'Endies': Employed with No Disposable Income are struggling in London
Centre for London report says a million workers can hardly make ends meet and feel politically disenchanted
Investors pull $27bn out of UK in one month amid fears of Scotland's exit – report

## US ##
America's Poor, Deeper in Debt Than Ever
American credit-card debt hits a post-recession high
Stores start Christmas shopping frenzy early
August Retail Sales: Post-Winter Bounce Fading Fast
Retail Sales: Empty Stores And Quiet Checkouts Belie Washington's Seasonally Maladjusted Numbers
How the Government Deceives us on Inflation, as Rents and Housing Costs Soar
Obama's ISIS War is Not Only Illegal, it Makes George W. Bush Look Like a Constitutional Scholar
What If the Easy Money Is Now on the Bear Side?
Outsourcing Special Ops: $2.5 Billion a Year Industry
High school girl describes moments when 3 officers pinned her at school
Super-rich make last stand against California drought
Not One Drop: How Long Will California Survive Life Without Water?
Public School Police Receive Mine-Resistant Ambush Protected Vehicle
Millennials Blamed for Sagging Home Sales in California
Parking meters become deposit boxes for the homeless
Fed economists: America's missing workers are not coming back
Obama Will Fight ISIS With George W. Bush's Legal Theories
John Yoo: "Obama has adopted the same view of war powers as the Bush administration."
Dishing Up International Law a la Carte
Official Washington honors international law when it's politically useful, such as in condemning a global adversary, but then dismisses it as useless if it gets in the way of some desired U.S. action.
Taking an exit from the labor force
Over the last ten years 16 million Americans have dropped out of the labor force.
Mysterious Men Dropping From Helicopters To Chop Down NorCal Marijuana Grows
U.S. Inspector: Billions in failed programs wasted in Afghanistan
Contractors Ready to Cash In On ISIS War
Obama pledged that the war against ISIS won't be fought with U.S. ground troops. He didn't say anything about contractors, who see this as "the next big meal ticket."
Sales of electrified vehicles stall in U.S.
Cost of Detroit's bankruptcy reaches $126 million

And finally...
Egypt issues stamps to mark new Suez Canal - but uses pictures of Panama Canal
Journalists Are Largest Drinkers of Coffee

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