Tuesday, September 16, 2014


News Links, September 16-17, 2014

## Global Ponzi meltdown/House of Cards ##
GLD - Russia, Iran And China Are 'Doomsday Preppers'
UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond
Russian Hot Money Dodges Sanctions, Gushes into Hong Kong, Hits Resistance
Russian fund to aid sanctions-affected companies
Russia Central Bank Responds To Domestic Dollar Shortage, Starts Currency Swaps
Will The Swiss Vote to Get Their Gold Back?
Keynes Was a Failure in Japan – No Need to Embrace Him in Europe
Dubai's Atlantis resort to get $1.4B expansion
This ensures that Dubai's collapse will be even more spectacular. -- RF
Janus Yellen and the Great Transition from Risk-On to Risk-Off
'Excessive Amounts of Capital' Doom Startup Bubble
GM's Opel to cut Russia production as slowdown bites
Anxious Scottish investors buying gold

## Airline Death Spiral ##
Air France strike hits European travel
Air France strike amid Europe's low-cost shakeup
United offers flight attendants $100,000 buyouts
Airlines: Increased stability from mergers worth service cuts
Airbus' New Helmet Helps Corner The Market on Insane Patents
If Airbus has its way, the passengers of tomorrow will be shipped across the globe like giant slabs of meat—albeit well entertained slabs of meat.
European Airline Passengers Want Cheap Fares and Legroom

## Fault lines/flashpoints/powder kegs/military/war drums ##
Arab countries offer airstrikes against Islamic State
Kerry: US open to talks with Iran on Islamic State
As more than two dozen nations pledged Monday to help Iraq fight the Islamic State militants, the United States said it was open to talking to Iran about a role in resolving the crisis, despite Washington's earlier opposition to Tehran even attending the conference.
France begins spy flights to back UK Iraq air campaign
Canada airlifting ammunition to Iraq
Top general: US ground troops possible in Iraq
Iraqi Shi'ite Cleric Sadr Warns US Soldiers Could Be Targeted if They Return
40+ Nations in America's Anti-ISIS Coalition, But Few to Do Anything
The Obama Administration has been desperate over the past few weeks to cobble together a massive "coalition" of nations to fight ISIS, an attempt to convince the American public that the war is not going to be "America's war" to fight alone.
Free Syrian Army Won't Join US Anti-ISIS Coalition
U.S. hits Islamic State south of Baghdad in first strike under new Obama orders
Islamic State shoots down Syrian plane
ISIS Neighbor Turkey Is a Steady Source of New Fighters
NATO Starts 'Rapid Trident' Exercise In Ukraine As Fighting Continues in East
Washington's Bait-And-Switch Manuever Exposed By Arms Flow To Kiev—Truce To End Soon
Ukraine approves historic EU deal, breaking ties with Moscow
Ukraine Grants Limited Self-Rule to Eastern Regions
French Mistral Ship For Russia Starts Sea Trials Despite Suspension Of Delivery
French President François Hollande said last week that France was halting the controversial delivery of a warship to Russia, after an international uproar over giving Russia a sophisticated weapon. But on Saturday, 200 Russian sailors departed the French port of Saint-Nazaire aboard the Mistral-class helicopter carrier, dubbed the Vladivostok, to conduct sea trials on the new ship, according to several news reports.
Record Beheadings and the Mass Arrest of Christians – Is it ISIS? No it's Saudi Arabia
While America's phony politicians and useless mainstream media will often hype anti-Chrtistian bigotry and humanitarian issues when it suits the status quo message, the true driver of U.S. foreign policy can be summarized with two words: CORPORATE PROFITS.
China Maritime Silk Road Proves Boon for Sri Lanka as Xi Arrives
China to invest $100 billion in India over 5 years
Egypt Court Sentences Muslim Brotherhood Chief Mohammed Badie To 25 Years In Prison
Taliban Suicide Bombing Near US Embassy In Kabul Kills At Least 3 NATO Personnel, Injures 13
Look out, Asian pirates: US set to enter the fight

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests erupt in Khartoum over electricity, water outages
Chinese increasingly protest projects that threaten environment
Police fire rubber bullets at Grabouw protesters (South Africa)
Senators Shut Down 'War-Like' Protesters At ISIS Hearing
Pussy Riot Storms Cambridge Police Department Headquarters After Supporter Arrested
The new 'robocops' policing the poor
US police get antiterror training in Israel on privately funded trips
Brazil police, housing activists in violent clash
Pakistani passenger power forces politicians off plane
Passengers on a Pakistan International Airline (PIA) flight from Karachi barred two politicians from boarding the aircraft after the two VIPs delayed the flight by over two hours.
Angry Mob Tosses Ukrainian Politician Into the Trash (+video)

## Energy/resources ##
Power grid groans, blackouts roll through L.A. area as heat wave nears peak
Petrodollar Panic: EU Officials Admit Buying Oil From ISIS
Fracking may put drinking water supply at risk for many countries, study finds
Shell notes strong ties to Russian energy
Nuclear renaissance: Finland puts new nuclear plant plan in doubt
How Hillary Clinton's State Department Sold Fracking to the World
It costs 1.6 cents to make one penny because of the rising price of zinc
The demand for zinc is rising as it appears we're starting to run out of the metal. Some of the world's biggest zinc mines look to be winding down, and Goldman Sachs says production is expected to fall short of demand this year for the first time since 2007.
Companies agree to run gensets (Philippines)
Foreign and local business groups have agreed to switch on their power generation sets to contribute 300 megawatts and help avert rotating blackout in Luzon during the dry months of 2015.
Gas supply crunch forces power cuts in Dhaka
The US shale oil boom is saving the world almost $5 billion a day
No, it isn't. As this blog as documented time after time, the US shale drilling industry is a big loss-maker, to the tune of $110 billion a year. Eventually the shale treadmill will break down, leaving a planet-sized pile of debt that is effectively subsidizing the price of oil (and natural gas). It's a bust, not a boom. -- RF
Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, said on Monday.
One Millionth Barrel Delivered from Arctic Field Offshore Russia
New Sanctions Against Russia Could Deal Big Blow To ExxonMobil
BP To Cut 275 Jobs In Alaska After Oil Field Disposals
Global Energy Trends – BP Statistical Review 2014
Lebanon descends into darkness as EDL's HQ occupation persists

## Got food? ##
Coles, Woolworths in cereal recall over glass fears (Australia)
Australia's two biggest supermarkets have issued an urgent recall of home brand cereals because they may contain pieces of glass.
As U.S. farm cycle turns, tractor makers may suffer longer than farmers
GMO safety, weed control top concerns as U.S. study kicks off
Agriculture experts raised a number of concerns with genetically modified crops, including safety and spreading weed resistance, at the first public meeting of a U.S. government sponsored study of genetically engineered crops held Monday.

## Environment/health ##
Here's how "disruptive innovation" works in nature: a killing-machine fish has colonized reefs from Venezuela to Rhode Island
No rain for decades: Stand by for the 'megadroughts', scientists warn
Climate change is set to unleash a series of decades-long "megadroughts" this century, according to research to be published this week.
Farm workers take drug resistant bacteria home
A new study has found that over half of farm workers who look after animals in industrial hog farms carry home hog-related bacteria in their noses. This is potentially harmful for the farm workers and their families.
Computer Models Tell Us That This Ebola Pandemic Could Soon Kill Millions
UN: Nearly $1 billion needed now to stop Ebola
Obama to announce expanded plan to fight Ebola
US offers to send troops to Ebola-hit West Africa
U.S. troops dispatched to fight Ebola will find an epidemic out of control, UN says
Expect the Unexpected: More 9.0 Megaquakes Are Coming, Study Says
Northern California wildfire devastates town
California fights 12 wildfires; little relief in sight
Dozens of children feared dead after being injected with 'tainted' measles vaccine in Syria
Loosen your belts: U.S. waist sizes keep expanding

## Intelligence/propaganda/security/internet/cyberwar ##
The NSA and GCHQ Campaign Against German Satellite Companies
Gamers use police hoax to lash out at opponents
Why You Should Think Twice Before Using Facebook's Messenger App
Snowden: 'If You Live in New Zealand, You Are Being Watched'
Alongside reporting on new documents, former NSA analyst turned whistleblower calls out nation's prime minister for making "categorically false" statements on mass surveillance
WikiLeaks: Australian Police Spent Millions Spying on Citizens
NSA, UK spy agency have secret access to Deutsche Telekom: Report
Ukraine's 'Romantic' Nazi Storm Troopers
The U.S. mainstream media's deeply biased coverage of the Ukraine crisis – endlessly portraying the U.S.-backed  coup regime in Kiev as "the good guys" – reached a new level of absurdity over the weekend as the Washington Post excused the appearance of Swastikas and other Nazi symbols among a Ukrainian government militia as "romantic."
The FBI Unveils its Controversial Facial Recognition Database with 52 Million Photos to be Stored
Tim Cook says US Government still hasn't gotten privacy right
KILL THE MESSENGER - Official Trailer

## Systemic breakdown/collapse/unsustainability ##
The World's Two Scariest Charts: More Guns, Less Brains
Are we on the path of 'Limits to Growth'?
Schools worse now than when Gonski wrote report
The Australian education system is in worse shape now than when David Gonski handed down his damning assessment of it three years ago, with academic performance sliding and the gap between advantaged and disadvantaged students widening.

## Japan ##
Nissan faces battery plant cuts as electric car hopes fade
Safety worries cloud Japan dream of carbon-free hydrogen society
Japan Moves to Limit Bedbound Elderly On Feeding Tubes
About a quarter-million Japanese elderly live on feeding tubes. Faced with a heavy public debt burden, Japan is trying to curtail growth in a 38.5 trillion yen ($376 billion) annual health bill by releasing patients from hospitals faster.
Japan: Apocalypse Now or Apocalypse Later?
Pioneer to cut 2,000 jobs in bid to restructure
Japan's plutonium stockpile jumps to 47 tons in 2013
Number of Elderly Workers at Record High
The Maglev and Helium (in Japanese)
This article details the growing worldwide shortage of helium, which is needed to cool the maglev's superconducting electromagnets, noting the difficulty that will be experienced in getting sufficient quantities at an affordable price. In passing, it reminds the reader that just one year ago the former president (and current chairman) of the JR East train company stated in a press conference that the maglev "will never be profitable." But everyone is hot to build it, anyway. Of course, even if the project is started, it will never be finished. -- RF
10 more infected with dengue fever

## China ##
China says 'rescues' more children from Xinjiang religious schools
Sinopec to sell $17.5 bln retail stake in privatisation push
'Energy Delta' becomes victim of China's coal price slump
The "Energy Delta," previously dubbed an economic miracle, has now been overshadowed by the drop in housing prices, population outflows and loan problems, reports the Guangzhou-based 21st Century Business Herald.
Chinese millionaires plan to leave in droves: Report
Why China's Latest Mini-Stimulus Failed Again, In One Chart
The single, buried statistic that explains China's slowdown (Hint: cement production)
Lurking Beneath China's Weak August Numbers: Even "Official" 2nd Half GDP Could Drop Below 5%
China August FDI falls to lowest in at least two-and-a-half years
China Launches CNY500 Billion In "Stealth QE"

## UK ##
Meet the 'Endies' – city dwellers who are too poor to have fun
A generation to miss out on owning homes
Phones 4u administration: Over 5,000 jobs at risk
Birmingham city council leader warns of 'ticking timebomb' of financial cuts

## US ##
Poor Americans carry a record level of debt leverage
Subprime economics and leveraging the poor into a treadmill of continual poverty.
American Poor And Middle Class Aren't Seeing Economic Recovery Yet — Census Bureau Report
One In Seven American Women Lived In Poverty Last Year
US wealth gap putting the squeeze on state revenue
The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's.
The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
High Cost of Housing Forcing Elderly Americans to Cut Back on Food and Healthcare: Study
Housing Bubble II: Deja Vu, Again
Campus police acquiring surplus military gear
The militarization of police extends to college campuses, as campus police forces acquire surplus armored vehicles, assault rifles and other equipment from the Pentagon.
Industrial Output Drops as Automakers Adjust Plans: Economy
What It Looks Like When The Second Auto Subprime Bubble Pops
Sears Is Running Out of Options Fast
Radio Shack considers bankruptcy
Unseen Toll: Wages of Millions Seized to Pay Past Debts
Arizona Republican vice chairman calls for sterilizing poor women
The vice chairman of the Arizona Republican Party has resigned after advocating the forced sterilization of female welfare recipients on his weekly radio program.
Trump Plaza: 4th Atlantic City casino shutdown
One in 10 Americans' paychecks get docked to pay off debts
Half of lower class Americans literally can't afford to sleep

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