Tuesday, September 30, 2014


News Links, September 30-October 1, 2014

## Global Ponzi meltdown/House of Cards ##
Spain Manufacturers Warn of Another Slowdown; Consumption Recovery Ends, Retail Sales Contract, Price Deflation Sets In
Euro Pols Peddling Greece Is Fixed Scam: Never Mind Debt At Peak 175% Of GDP And Unemployment Still 27%
If everyone in the world lived like an American, we would need 3.9 planets
German Unemployment Unexpectedly Rises as Risks Increase
Lloyds fires staff and axes bonuses for Libor rigging
Reader Question on a Credit-Based Society: Can Interest Ever Be Repaid?
Affordable Global Housing Will Cost $11 Trillion

## Airline Death Spiral ##
Airlines in the US fly slower and even cut water on board to save fuel
Saving programme is just one example of how higher oil prices over the last decade have transformed transportation, and led to demand destruction
Lufthansa blighted by strikes
Ukraine Int'l Airlines in plea for $100mn in state-funding
Air India to withdraw performance pay
Employees of Air India are likely to undergo another round of pay cuts, after their salaries were trimmed by 25% in July 2012.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey and Israel Are Directly Supporting ISIS and Al Qaeda Terrorists In Syria
Turkey sends tanks to border as Islamic State closes on Kurdish city
Pentagon Deploys 3rd Adviser Division To Iraq
Obama: Syria Has Become 'Ground Zero for Jihadists'
US Loosens Standards on Killing Civilians
Neocons' Noses Into the Syrian Tent
The neocons say the next step in President Obama's bombing raids inside Syria must be to move from attacking the terrorist Islamic State to destroying Syria's air force and air defenses, all the better to achieve the neocons' long-sought "regime change."
Wave of attacks in Shi'ite parts of Baghdad kill 35
3,790 Killed Across Iraq in September
Philippines, U.S. begin military exercises near disputed seas
Canadian fighter jets intercept Russian military aircraft in Baltics
Russia Activates Air Defense Missile System "To Guard Its Southern Frontiers"
UAE seeks 4,500-plus MRAPs
A Foreign Military Sales deal for more than 4,500 armored vehicles -- plus spare parts and logistics -- is being sought from the United States by the United Arab Emirates.
What is the Pentagon's secret space drone doing?
9,800 U.S. troops to stay in Afghanistan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tens of thousands join Hong Kong protests, roiling financial markets
Hong Kong protesters stockpile supplies, prepare for long haul
Hong Kong's young – fed up with high rents, few jobs – drive protests
Catalan Leader Calls Independence Referendum, Defying Madrid
Ferguson PD arrests 8 protesters, hunts for cop shooter

## Energy/resources ##
Analysts Say India's Coal Imports Are About to Explode
Beleaguered crude ends grim quarter with worst drop in 2 years
The Oil Head-Fake: The Illusion that Lower Oil Prices Are Positive
The essence of the Oil Head-Fake Dynamic is the inevitable drop in oil price due to global recession will trigger disruption of the global oil supply chain.
Solar May Become Largest Global Power Source by 2050
That's entirely possible, but in a way that advocates do not anticipate. -- RF
China and Russia in New Strategic Energy Deals
Shale drilling bust: Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining. The probe comes after the company, Japan's fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S.
Huge investments needed offshore Britain
British offshore oil and natural gas reserves will stop providing a return on investments if costs continue to rise, an industry report said Tuesday. Oil and Gas U.K., the British industry body, published its annual report Tuesday showing there may be as much as 24 billion barrels of oil equivalent left offshore, but it may require more than $1.6 trillion in investments to exploit.
Singapore's SMEs Brace for Challenges in Oilfield Services Sector
Small medium enterprises (SME) offering oilfield services in Singapore are experiencing intense competition. The scramble for such contracts has become more intense as large petroleum firms have been pressured by shareholders to rein in capital expenditure (capex) for exploration and production (E&P).
Another Australian Coal Mine Is Going To Be Shut
European Coal Has 10th Quarterly Decline as Power Demand Wanes
The World's 10 Biggest Energy Gluttons
Senegal looks to desalination to prevent new water shortages
Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Johannesburg to Face Water Rationing Amid Shortage, Citizen Says

## Infrastructure scavenging ##
Rome police seek information on missing manhole covers

## Got food? ##
USDA To Dedicate $52 Million To Organic, Local Food Initiatives
Plowing Bedrock: How bad is soil erosion in US cropland?
California harvest much smaller than normal across crops
No US 'chlorine chicken' in Europe, EU's health nominee says
'Ugly' fruit and vegetables prove a hit in France
Industrial products made in factories all look exactly the same, but the application of the industrial mindset to food has resulted in the waste of perfectly edible and nutritious food because something is misshapen, bruised, has a blemish, or an insect took a bite out of it. It's shocking to see a dump site where farmers dispose of produce that didn't satisfy industrial standards. -- RF

## Environment/health ##
Study Finds Treated Fracking Wastewater Still Too Toxic
Bats lured to deaths at wind farms 'because they think turbines are trees'
Drought hits Lake Tahoe, drying up Truckee River
How Monsanto is Turning an Island Paradise Into a GMO Wasteland
Earth lost 50% of its wildlife in the past 40 years, says WWF
The number of wild animals on Earth has halved in the past 40 years, according to a new analysis. Creatures across land, rivers and the seas are being decimated as humans kill them for food in unsustainable numbers, while polluting or destroying their habitats, the research by scientists at WWF and the Zoological Society of London found.
Dallas hospital isolates possible Ebola patient
Afraid of EV-D68? Another Deadly Virus Is Actually Killing Kids in U.S.
El Salvador says nearly 30,000 infected with mosquito-borne chikungunya
Mosquito Virus That Walloped Caribbean Spreads in U.S.
CDC: Ebola outbreak in Nigeria and Senegal may be over
By the numbers: 1.4 million cases of Ebola forecast by January
First confirmed case of Ebola confirmed in the United States: CDC
Striking NASA images: Fourth-largest lake nearly dried up
California becomes first state to ban plastic bags
Next 'Moon Shot': U.S. Scientists Target Human Brain for Exploration
Drug, medical device companies paid billions to U.S. physicians, hospitals in 2013: data

## Intelligence/propaganda/security/internet/cyberwar ##
Facebook Opens User Data to Marketers to Serve Ads on Sites Across Web
Obama's Khorasan Lie: Worse Than Bush's WMDs
Voice Hackers Will Soon Be Talking Their Way Into Your Technology
Reddit Raises $50 Million, Wants To Give 10 Percent To Redditors Through Cryptocurrency Plan
Wisc. reporter told 'not to speak to crowd' at Michelle Obama event
Thai tourism minister wants wristbands for tourists, party curfews
Social network Ello getting thousands of requests per hour
Ello is dubbed the "anti-Facebook" because of a pledge to carry no advertisers and not sell user data.

## Systemic breakdown/collapse/unsustainability ##
A Spaceship called Eschatology
Toyota to recall 690,000 Tacoma vehicles in U.S. to fix suspension

## Japan ##
Volcanoes May Be Next Obstacle for Japan's Atomic Power Industry
Japan vows to push ahead with reactor restarts after volcanic eruption highlights risks
Water treatment facility at Fukushima plant suspended again
Radioactive contamination lingering in lakes, marshes
Tokai nuclear fuel processor to close due to cost of meeting new standards
The Japan Atomic Energy Agency has announced that it will shut down a spent nuclear fuel processor in Tokai, Ibaraki Prefecture, as the cost to prepare the facility for new regulation standards established after the Fukushima nuclear plant crisis is predicted to top 100 billion yen.
Sumitomo Corp shares slide after profit forecast slashed on shale project
Billionaire Mikitani's Tokyo House Goes Up Amid Luxury Boom
The Other Regime Change: How Hillary & Co. Smacked Washington's Japanese Vassal Into Line
Japan's Anemic Production Data: Economists React
Tax hike impact keeps depressing Japan's household spending in Aug.
Japan's industrial output falls 1.5% in August
Another type of dengue virus found in Japan

## China ##
China's slowing down fast. Here are the countries that will be hit hardest—and those that will be celebrating
China gold demand surging again
Why Is China Hoarding Gold? Alan Greenspan Explains

## UK ##
Oil industry 'needs to cut costs even if it means job losses'
Industry body Oil and Gas UK's annual economic report said operating costs were 60% higher than three years ago while oil prices were falling.
Theresa May plans new powers to ban extremists from TV appearances
George Osborne targets benefits and tax credits in new squeeze on working poor
The UK's Conservative Party Declares War on YouTube, Twitter, Free Speech and Common Sense
Wylfa nuclear plant given extension

## US ##
Income Inequality 2014: Ahead Of Midterm Elections, Harvard Study Says Americans Grossly Underestimate Inequality
When income growth hits a brick wall
From 1949 to 1979 over 60 percent of all income growth went to the bottom 90 percent. After that, things changed for the middle class.
School spending by affluent is widening wealth gap
Average Americans Grow Poorer as U.S. Per Capita Wealth Reaches New High
Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs
The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh
Will Senators Rand Paul and Elizabeth Warren Unite to Finally "Audit the Fed"?
ATM fees keep climbing, survey says
U.S. Mint's Eagle gold coin sales in Sept rise to highest since Jan
Wage Theft Costing Low-Income Workers Billions
Americans toiling away in low-wage jobs already struggle to earn a living, and a new report says these meager paychecks are winnowed down by wage theft with alarming regularity.
St. Bernard Sheriff hopes residents embrace ProjectNola
Residents purchase cameras themselves and pay a monthly fee to be part of a police surveillance system. Hmmm... -- RF
Pittsburgh cops Tased man while he was praying for his dead son in ER: lawsuit
California's Drilling Frenzy Has Nothing to Do With Oil (video)
82 percent of California is experiencing extreme drought and farmers in California's Central Valley are looking for water elsewhere- underground. Well drilling for groundwater in the state has doubled and even tripled in some counties.
Prospect of No Water Looms in Over a Dozen California Towns
Home-By-Home Water Rationing May Be Spreading If California's Drought Worsens
Residential Mortgage Growth Is Almost Back To Zero! (Worst Loan Growth Since Before 1960)
Incredibly, subprime loans are driving the US economy—again
Who will inherit your debt when you die?
Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones. However, many baby boomers who have seen their net worth dip below zero in recent years will instead leave a very different kind of legacy: debt.
Nearly half of American jobs risk being automated: How to fight back
The U.S. Government Is Borrowing About 8 Trillion Dollars A Year
Dominion finds damaged fuel rods at Virginia nuclear plant
"Come Hell or High Water" Promise Morphs Into "Infinity and Beyond"
Oil, Rail Industries Want 7 Years To Fix Tank Cars
California governor signs gun-seizure law

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