Thursday, September 04, 2014
News Links, September 4-5, 2014
## Global Ponzi meltdown/House of Cards ##
Central Bank Monetary Policy Enables Us to Put Off Real Reforms
This cycle of entrenched interests protecting their skims and scams via central bank monetary policy is self-liquidating.
Central Bank Monetary Policy Enables Us to Put Off Real Reforms
This cycle of entrenched interests protecting their skims and scams via central bank monetary policy is self-liquidating.
Pension system nears breaking point (Greece)
Not just Argentina: Other nations in debt doldrums
ECB's €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Lending?
ECB's €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Lending?
Euro zone retail sales slow sharply in July, add to growth worries
Macedonia's top banks and companies pledge debt write-off for poor
Criminals and corrupt politicians steal $1trn a year from world's poorest countries
Macedonia's top banks and companies pledge debt write-off for poor
Criminals and corrupt politicians steal $1trn a year from world's poorest countries
How Low Interest Rates Are Slamming Corporate Pension Funds
## Airline Death Spiral ##
Etihad inks $751m deal to take 49% stake in loss-making Alitalia
## Airline Death Spiral ##
Etihad inks $751m deal to take 49% stake in loss-making Alitalia
Comes with a $9.1 billion price tag, but as with any large-scale project, the cost overruns will be enormous. It's a fair question to ask if this will ever be completed. -- RF
The Million-Dollar Fire Trucks Required at Your Airport
Virgin Atlantic axes flights to Japan, India, Canada, South Africa
## Fault lines/flashpoints/powder kegs/military/war drums ##
The 'Big Lie' on Ukraine Or How Putin Got WMD'd
Virgin Atlantic axes flights to Japan, India, Canada, South Africa
## Fault lines/flashpoints/powder kegs/military/war drums ##
The 'Big Lie' on Ukraine Or How Putin Got WMD'd
## Global unrest/mob rule/angry people/torches and pitchforks ##
Fast Food Strike September 2014: 36 Arrested In NYC As Thousands Demonstrate In US For Higher Pay, Right To Unionize
## Energy/resources ##
Ukraine slashes power to Crimea as electricity crisis deepens
Ukraine reduced electricity supplies to consumers in Crimea on Wednesday and threatened to cut power altogether if quotas were breached, as it battles a power crisis on the mainland that threatens to cause rolling blackouts across the country.
Energy and coal ministry sets scheduled household power blackouts (Ukraine)
Ukraine reduced electricity supplies to consumers in Crimea on Wednesday and threatened to cut power altogether if quotas were breached, as it battles a power crisis on the mainland that threatens to cause rolling blackouts across the country.
Energy and coal ministry sets scheduled household power blackouts (Ukraine)
Indian power station coal shortage worsens
The number of Indian thermal power plants with less than seven days of coal stocks has risen to 56 this week from 52 last week, government data showed on Wednesday.
The number of Indian thermal power plants with less than seven days of coal stocks has risen to 56 this week from 52 last week, government data showed on Wednesday.
North to west blackout: power crisis to worsen
Blackouts across large swathes of north and west India look set to worsen with several power plants shutting down due to a crippling coal shortage even as a deficient monsoon drives up power demand.
Blackouts across large swathes of north and west India look set to worsen with several power plants shutting down due to a crippling coal shortage even as a deficient monsoon drives up power demand.
Glitch in grid, power outages in Dhaka (Bangladesh)
Power outages hit many parts of Egypt
Power cuts hit many parts of Egypt on Thursday, causing blackouts and halting some public transport in the Arab world's most populous country. Energy is a politically explosive issue in Egypt, where power cuts have become commonplace even in the capital Cairo.
Power cuts hit many parts of Egypt on Thursday, causing blackouts and halting some public transport in the Arab world's most populous country. Energy is a politically explosive issue in Egypt, where power cuts have become commonplace even in the capital Cairo.
Scientists Create Completely Renewable Propane (but don't expect to see it on sale soon)
Gloucestershire police targeted by metal thieves
## Got food? ##
Kraft foods recalls more than 7,500 cases of Kraft American Singles
## Got food? ##
Kraft foods recalls more than 7,500 cases of Kraft American Singles
## Environment/health ##
Researchers Call For New Approach To Recycling Fracking Waste Water
Scientists estimate that over 1 trillion gallons of water will be needed for hydraulic fracturing, or fracking, to recover shale gas worldwide over the next half-century. But researchers from Rice University in Houston say simple recycling of this tainted waste water is by no means the answer.
## Intelligence/propaganda/security/internet/cyberwar ##
Saudi Arabia detains 88 preparing 'terrorist' attacks
## Systemic breakdown/collapse/unsustainability ##
Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge
Have We Reached a Financial Singularity?
Encouraging and supporting asset bubbles is essentially the only force remaining to keep the system intact as we know it.
Encouraging and supporting asset bubbles is essentially the only force remaining to keep the system intact as we know it.
## Japan ##
Japan's Abe kicks off cabinet reshuffle
Japan's Prime Minister Shinzo Abe on Wednesday picked two lawmakers with friendly ties to China for his party's top posts, a move seen to be aimed at thawing chilly ties with Beijing.
Renesas says it may cut more jobs
Japanese chipmaker Renesas Electronics may cut more jobs as it finishes a massive restructuring that is focusing its business on the automotive and industrial sectors and has pulled it back into the black after years of losses.
Japanese chipmaker Renesas Electronics may cut more jobs as it finishes a massive restructuring that is focusing its business on the automotive and industrial sectors and has pulled it back into the black after years of losses.
## UK ##
National Grid warns of possible winter power shortage
National Grid, the UK's gas and electricity supplier and distributor, has called on energy firms to declare the amount of power reserves they can provide to cover peak winter times, as a precaution to avoid energy shortages during an "uncertain" season.
National Grid warns of possible winter power shortage
National Grid, the UK's gas and electricity supplier and distributor, has called on energy firms to declare the amount of power reserves they can provide to cover peak winter times, as a precaution to avoid energy shortages during an "uncertain" season.
EDF nuclear plants closed until winter amid blackout fears
Two UK nuclear power plants that were shut down amid safety fears may not restart until late December, EDF Energy has warned, heightening the risk of blackouts this winter.
Two UK nuclear power plants that were shut down amid safety fears may not restart until late December, EDF Energy has warned, heightening the risk of blackouts this winter.
Spectre of 1929 crash looms over FTSE 100 as traders take on record debts
The spectre of the 1929 stock market crash looms large for UK investors as traders borrow record amounts to invest in rising stock markets
The spectre of the 1929 stock market crash looms large for UK investors as traders borrow record amounts to invest in rising stock markets
## US ##
Department of Homeland Security – A 240,000 Person Cancer on the American Soul
The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About
And finally...
