Sunday, September 07, 2014


News Links, September 6-8, 2014

## Global Ponzi meltdown/House of Cards ##
Argentina Goes Full-Venezuela - Plans To Regulate Prices, Profits, & Production
De-Dollarization Continues: China-Argentina Agree Currency Swap, Will Trade In Yuan
For Europe's vast unemployed, hopes remain dim
ECB Now a Hedge Fund; €1T Bazooka; ECB Promotes Euro Carry Trade; Draghi Has it Backwards
China Banking Crisis "Almost" Certain Says Senior International Economist; Global Banking Crisis "Is" Certain Says Mish
Most People Don't Believe It, But We Are Right On Schedule For The Next Financial Crash
Big Tech Teeters, May Sack Most People since 2009
Bank Ad That Says It All: With A $223,000 Deposit Minimum at ANZ You Can Earn……0.0%!
Canada unexpectedly sheds 11,000 jobs in August with record drop in private-sector positions
Recent university grads increasingly jobless, study shows (Canada)
Dubai lays out plans for Legoland, other parks
Italy economy in 'acute emergency': Ex-PM Monti

## Airline Death Spiral ##
Mexico's Plans For A $9.2 Billion Airport Revive Resistance From Neighboring Farmers
Mexico's President Enrique Peña Nieto unveiled this week details for a new Mexico City airport that will quadruple existing capacity and potentially become Latin America's biggest transit hub. But a group of farmers living near the planned site is fiercely opposed to the project – and they have already taken down one airport project before. 
DGCA mulls offering discount to flyers travelling without check-in luggage
Lufthansa strike: Sofia route becomes one of the 200 cancelled flights ruining the travel plans of 50,000
Japan airports push 'Japanese' image to lure foreign tourists, accommodate Muslims
Why a Boeing 737 MAX Costs Up to $113 Million

## Fault lines/flashpoints/powder kegs/military/war drums ##
Lessons on Hornets and Bears; Ukraine Ceasefire a Victory for Common Sense
Pro-Moscow Rebels Say Ukraine Breaks Cease-Fire Deal While They Still Demand Secession
Europe Goes "All In": Will Sanction Rosneft, Gazprom Neft And Transneft
European farmers go hungry as Russian agricultural import ban begins to bite
Four NATO allies deny Ukraine statement on providing arms
U.S. forms global anti-Islamic State coalition
Obama to set out plan to go on offensive against Islamic State
Obama: NATO to go after Islamic State
Long War: Obama's ISIS Strategy Will Mean Years of Steady Escalation
Iran Offers US Aid in Fighting ISIS; US Rejects It
Syria Airstrikes Target ISIS Militants In Raqqa, Killing Militants, Civilians
US Air Strikes Target ISIS Militants Near Iraq's Haditha Dam
Outgunned Philippine General Seeks Arms Upgrade as China Expands
Vietnam building deterrent against China in disputed seas with submarines
Japan, Sri Lanka agree on plan to boost maritime security
Prime Minister Shinzo Abe and Sri Lankan President Mahinda Rajapaksa agreed Sunday to strengthen cooperation on maritime security at a time when China is expanding its influence in the Indian Ocean country.
Yemen: At Least 50 Killed In Clashes Between Houthis And Pro-Government Forces Near Sanaa

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Nato protesters chain themselves inside Barclays bank
Low-Wage Workers 'Movement' Flexes Its Muscles Nationwide
Yemen Partially Restores Fuel Subsidy But Protesters Remain

## Energy/resources ##
Central Asia Getting Low on Gas as Shortages Bite
The Popping of the Shale Gas Bubble
Severe Water Shortage Looms for Botswana Capital
Fuel shortage to worsen (Ghana)
Economics Ministry mulling floating electricity rates (Taiwan)
Egypt president says no magic bullet for power problems after major blackout
Fuels rush in as energy blackout threat prompts action from National Grid (UK)
The bizarre prospect of Britain being bailed out by 'diesel generation parks' is now a reality as an energy supply shortfall nears crisis point
Sisi: Massive investment needed to fix blackouts
BP Ruling 'Wakeup Call' as Risks Mount in Oil Search
Yesterday's court decision that BP acted with gross negligence in the Gulf of Mexico disaster may hamstring the company financially as the industry's search for resources becomes more expensive and dangerous. Companies including Exxon Mobil Corp. and Royal Dutch Shell Plc are also facing increasing pressure to show investors they can still grow as production declines.
Depletion: the case of gold
This article can be a real eye-opener for people who don't realize how expensive the production of resources can be. And this goes for all non-renewable natural resources, not just gold. Similarly, we've seen a number of articles lately on the skyrocketing costs of producing crude oil. -- RF
Europe Needs A New Source of Oil and Gas, Fast
Global oil industry needs to ramp up on its human resources
There is an acute shortage of professionals with all of the required technical skills
Combating The Global Skills Crisis
Much writers ink has been spilled on the severity of the skills shortage facing an otherwise resurgent global oil and gas sector. The figures are stark, and speak for themselves. The average age of oil and gas workers – at 56 – is astonishingly high relative to almost all other industries on the planet. Nearly half the industry workforce is now over 45. And the shortage is most severe where the industry can least afford it to be – highly skilled, technical roles out in the field, crucial to any project.
New fines may prompt BP to cut back in Russia, elsewhere
The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged into a political standoff between Moscow and the West.
Iraq moves to seize Kurdish oil off U.S. coast
Iran Launches Largest Gas Storage Facility in Middle East
Energy leader: U.S. needs 1,000 cellulosic biorefineries
This Week in Energy: Project Liberty: Corn Waste for Freedom Fuel
Is that anything like "freedom fries"? But let's look at this seriously. Crop residue is not "waste," but valuable organic nutrients that should be returned to the soil. And the crop is grown and fertilized with machines and fertilizers powered and made with fossil fuels. Additionally, there is the fuel used to gather the crop residue and transport it to ethanol plants. This idea is about as sustainable as waste-to-energy power plants, where the waste stream is dependent on a wasteful lifestyle sustained by fossil fuels. Both schemes will be completely wiped out by a sufficient jump in oil prices. -- RF
$1 Trillion in Rare Minerals Found Under Afghanistan
This was a reason previously given to justify military involvement in Afghanistan, but fuggedaboudit. The security, infrastructure, and water problems might be solvable if oil were $10/bbl, but not at current prices. Little of Afghanistan's mineral wealth will ever be exploited. -- RF
Sarawak rivers drying up
Global Drought Threatens Water, Food Supplies. Get Used to It.
Iran's runaway energy consumption
Residential Electricity Prices are Rising (US)
Are Oil Prices About to Skyrocket?
How Does Oil and Gas Drilling Raise Electricity Prices in West Texas?
VW Says Fuel-Cell Cars Doomed to Struggle Beyond Japan
Algeria in talks to export crude to Venezuela-Algerian energy minister
Cost-cuts put gold miners between rock and a hard place
Global coal glut prompts coal miners to chant 'cut, cut, cut'
In the face of stubbornly low coal prices and a global supply glut, struggling North American coal producers are grappling with stalled demand growth, increasingly strict environmental regulations, while simultaneously navigating congested export corridors to critical markets across the Pacific.

## Got food? ##
Fuel shortage forces fishermen to switch jobs (Indonesia)
Europe's energy sector hopes for a mild, wet winter; farmers don't
Pesticide drift is persistent problem for farmers
Tell me about it. -- RF

## Environment/health ##
We Now Return You to Our Previously Scheduled Gulf Coast Disasters, Already in Progress
Global drought real threat to lives and economies: Experts
Brazil drought crisis leads to rationing and tensions
Water rationed in 19 cities in southeast and central regions after usually abundant supplies run dry
New Zealand Greens See Road to Ruin in Rivers of Milk
A worrying factor in Ukraine's chaos: 15 nuclear reactors
Monsoon rains kill 110 in Pakistan, 86 in India
Sierra Leone Imposes Nationwide Four-Day Lockdown Over Ebola
Divers seek lost crab pots in Washington waters
In shadow of oil boom, North Dakota farmers fight contamination
Illinois Hospital Stops Children From Entering As Unknown 'Enterovirus' Virus Affects Children
Respiratory virus suspected in Midwest children's hospitalizations
Japan Steps Up Efforts to Contain Dengue

## Intelligence/propaganda/security/internet/cyberwar ##
Barclays is Launching Finger Scanner that Scans a Person's Blood Flow to Access Account
Introducing JackPair – A New Hardware Tool to Encrypt Cellphone Conversations
Brain-to-brain verbal communication in humans achieved for the first time
Anonymous Really Wants a Cyberwar with the Islamic State
The U.S. Government's Secret Plans to Spy for American Corporations
Bush-Era Dragnet Memos Show 'Virtually Unlimited' Presidential Power
Top websites join Internet Slowdown Day in symbolic protest of 'fast lanes'
Israel's Video Justifying Destruction of a Gaza Hospital Was From 2009

## Systemic breakdown/collapse/unsustainability ##
Three Limits to Growth
Honda recalls 126,000 motorcycles for a 2nd time
Gated communities: Fear, Loathing and Paranoia in an All-Exclusive Society
Detroit fire department has alert system made of pop cans, doorbells
Detroit is so broke that firefighters get emergency alerts through pop cans, coins, door hinges, pipes and doorbells. And they make these gizmos themselves — one involving a pop can that gets tipped over by an incoming fax. The clink of the can means there's an emergency. Then there's the chain-reaction gadget: a fax hits a door hinge, which then tugs on a wire, which then sets off a doorbell.
India water shortages lead to 'tanker mafia'

## Japan ##
Japan may push for closure of ageing reactors -Nikkei
Even reactors that are scrapped will be costly burdens for generations. The need to manage decommissioned reactors and spent fuel will far outlast the lifetime of industrial society. You can easily imagine the catastrophic consequences awaiting us in the future. -- RF
Two trillion becquerels of radioactive material may have escaped No. 1
Some 2 trillion becquerels of strontium-90 and cesium-137 may have flowed into the bay of Tokyo Electric Power Co.'s crippled Fukushima No. 1 plant during the 10 months to May this year, it was learned Sunday.
Japan's bid for economy driven by women faces big hurdles
Economy probably slowed more than expected in second quarter, Amari says
Blame it on the weather: Bad weather, anemic wages hinder Japan's recovery
Dengue spreads beyond two Tokyo parks; tally at 74
Population of Fishermen Hit by Earthquake, Aging
The population of Japanese people engaged in marine fisheries dropped to a record low 181,253, which was an 18% decrease from five years ago, according to the Statistics of Agriculture, Forestry and Fisheries report by the farm ministry released last week.
2020 Games to shine green with hydrogen
A "hydrogen energy-oriented society" ain't gonna happen. Furthermore, this article — like many others — commits the cardinal sin of calling hydrogen an "energy source," thereby giving people false hopes and covering up the true extent of industrial civilization's crisis. -- RF

## China ##
China's Weak Demand for Asia's Exports Sows Confusion
MH370 Victims' Families Say They Face Hostility, Violence From Chinese Authorities
China to Adjust Excessive Pay for Executives at State Companies
Managers must accept limits on expenses related to cars, training, business trips, communications and receptions, while spending company money on sports, physical therapy, club memberships and golf will also be banned, according to a government statement. The cuts will apply to companies that report directly to the central government.

## UK ##
Could a skills shortage slow down the UK's economic recovery?
UK faces winter energy shortage
Factories and supermarkets across the UK are bidding to put 1970s style power rationing in place this winter to ensure the lights stay on.
Welfare claimants to get attitude tests, employment minister reveals
Cameron: UK Will Operate 2 Aircraft Carriers
UK to Pledge 1,000 Troops to NATO Rapid Response Force
London flats 'worse than prison cells' condemned by council
London property company is charging £255 a week for 'studio apartments' as small as three metres by three metres

## US ##
S&P 500 hits record on dividend stocks, Ukraine
The return of the stock market bubble
Here's Why the Market Could Crash--Not in Two Years, But Now
Do You Receive Free Lunch at Work? The IRS Wants to Tax it…
Are College Grads Destined For Jobs As Baristas And Clerks? Federal Reserve Economists Explain
Half Of America's 'Missing Workers' Are Prime Working Age
Even in the richest 3%, there's a growing wealth gap
U.S. job growth brakes to eight-month low, labor force shrinks
53 Million Temps: All You Need To Know About The "Jobs Recovery"
Texas school districts militarize campus cops with free surplus weapons, armored vehicles
Why Illinois Is Bankrupt: 6,000 Teachers Get Pensions Of $100,000+
Hotels are following airlines' lead in gouging you with fees
The Record News Not Fit To Print: July Manufacturing Deficit Largest In US History
Housing Bubble 2 Hits Wall: Middle Class Priced out of Market
Grassroots Resistance as 'Police Militarization' Expo Descends on Oakland
Obama strategy to beat Islamic State likely to draw U.S. into years of conflict
New bill: Congress engineering yet another financial crisis
Say hello to the next financial crisis, brought to you courtesy of the dumbest new bill of the week: H.R. 5148: Access to Affordable Mortgages Act.
Atlantic City residents react to casino closings
"Now it's a ghost town."
LePage says cost of energy keeps wages low, drives business from Maine
Poverty Profiteering Part 2 – The Business Model of Exploiting the Poor in St. Louis County
3 more reasons for companies not to hire

And finally...
Shaolin Monks Seek Media Directors to Boost their Buddhist Brand

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