Wednesday, September 10, 2014


News Links, September 9-10, 2014

## Global Ponzi meltdown/House of Cards ##
Tsunami of sovereign funds threatens world markets, say investors
With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilize the world economy.
World Bank warns of global jobs crisis
The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.
Japanese Economy Contracts Bigger than Expected 7.1% in 2nd Quarter; Really Bad Theories
Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status
Australia Gives Up on Australia as Investment Dwindles
Australia's biggest companies are giving up on growth. Investment by businesses in the benchmark stock index will probably slip below rising dividend payouts within two years, according to data compiled by Bloomberg.
Dreams on hold, Brazil's 'new middle class' turns on Rousseff
Rising Prices Are The Biggest Economic Concern In Most Countries: Pew Poll
Dot Com Bubble 2.0—–Lunacy By The Numbers
Russia's Response To European Capital Sanctions In One Word
EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas and Airspace Flight Restrictions
Chart: The trillion dollars the global economy loses every year to corruption
The fall of Rome? Italy's fears that corporate-sponsored restoration projects will lead to the Disneyfication of its cultural heritage
Dubai Ruler Approves $32B Plan To Make Al Maktoum International Into World's Largest Airport
Dubai's $6.8bn Mall of the World to start construction in Q1 2015
The crash of Dubai will be as spectacular as its current glitz. -- RF
Barclays says has cut 2,700 investment bank jobs this year
Study: Big business may employ more psychopaths than thought
"Perhaps businesses do need people who have the same characteristics as psychopaths, such as ruthlessness."
Shadow economy: Bulgaria is the EU's gold medalist
EBay's PayPal Unit to Start Accepting Bitcoin Payments
Chart Of The Day: McDonalds Has Worst Month In A Decade

## Airline Death Spiral ##
Hundreds of Flights Cut at U.S. Airports As Pilot Shortage Worsens
American airports, both large and small, have suffered major cuts in service ranging from 10 percent to nearly 81 percent as airlines have been forced to cancel flights in part due to the growing pilot shortage.
AirAsia CEO: Budget carrier eyes pilot training facility in Japan
AirAsia Group CEO Tony Fernandes told The Asahi Shimbun in an interview here Sept. 8 that he is giving the matter serious consideration, given its potential to relieve a pilot shortage that plagues low-cost carriers in Japan and elsewhere in Asia.
Russia threatens to shut its skies to the West
Ryanair buys 100 Boeing 737 MAX jets, sees fare price war
Luton Airport evacuated over suspicious package
Malaysia Airlines problems run far deeper than the crashes
Bereavement fares disappearing from many airlines
Airlines have never been better at making certain your flight is full
Mass Transit Requires Etiquette. Can We Handle It?
It's time to get used to packed-in people movers.
Air India pilots warn of exodus over pay cut, backlog
Lufthansa pilots to strike at Munich airport on Wednesday: union
Air rage isn't our fault: 7 ways the airlines are pitting us against each other
Qantas growing passenger numbers don't increase revenue
A lot has been written about Qantas' FY 2014 losses of AU$2.8 bn but no analysis was done by the main stream media how the timeline of  these losses are connected to the peaking of global crude oil production.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Abu Qatada, Firebrand Islamist Cleric, Condemns Killing Of Journalists By ISIS
Islamic State launch gunboat attack on river-side town
Iraqi parliament approves new government headed by Haider al-Abadi
US Contractors Will Replace 'Boots on the Ground' in Iraq
Hagel Meets Turkish Leaders To Discuss Fight Against Islamic State
Leader And Dozens Of Members Of ISIS Syrian Rival Killed In Suicide Bomb Attack
Susan Rice seeks China cooperation against Islamic State as Beijing visit ends
Sidestepping Ukraine's 'N-Word' for Nazi
Ukraine Crisis: Death Toll Above 3,000 As Sporadic Shelling Threatens Cease-Fire
Russian military plane circles HMCS Toronto in Black Sea
China to send 700 combat troops to S. Sudan: official
Iran Stiffens Resolve to Elude Sanctions in Face of Latest U.S. Penalties
The Hypocrisy of Israel's Nukes
CIA 'tortured al-Qaeda suspects close to the point of death by drowning them in water-filled baths'
Homemade Tank Powered by Game Boy Fights Wars of Future
With 1.5 million people a week migrating to cities -- mostly in the developing world -- the new battlefields will be slum-ridden yet wired megalopolises such as Lagos and Mumbai, where insurgents and crime bosses can exploit technology to control lawless rings of territory.
Concern growing in Australia over plan to buy Japanese submarines

## Global unrest/mob rule/angry people/torches and pitchforks ##
Blast In Chile Is 29th Bomb This Year, But Perpetrators Remain Mysterious
Protesters demonstrate against police brutality at First Friday in downtown Phoenix
NATO 2014: 100 Protesters Fight Against Britain's 'Biggest Ever Security Operation'
Yemen Protests: Houthi Rebels Killed In Clashes With Government Forces
Turkey snubs possible energy deals with Israel after Gaza offensive
One Month Later: Michael Brown's Family Calls For Arrest
Are You Ready to 'Disrupt'? Climate Movement Readies Global Mobilization

## Energy/resources ##
Slim pickings: Drillers Piling Up More Debt Than Oil Hunting Fortunes in Shale
Companies are paying a steep price for the gains. Like Halcon, most are spending money faster than they make it, an average of $1.17 for every dollar earned in the 12 months ended on June 30. Only seven of the U.S.-listed firms in Bloomberg Intelligence's E&P index made more money in that time than it cost them to keep drilling... These companies are plugging cash shortfalls with junk-rated debt. They owed $190.2 billion at the end of June, up from $140.2 billion at the end of 2011.
Yemen's main oil pipeline attacked, pumping halted
Iran-Iraq gas pipeline completed
Iranian natural gas is reaching an Iraqi power plant though a now-completed cross-border pipeline, an Iraqi official said.
Oil companies bring staff back to Iraq
Go for it! Arctic drilling is inevitable: if we don't find oil in the ice, then Russia will
Born in 2010 - How much is left for me?
Egyptian Blackout Hits Steel, Utilities, Transportation
Another power unit stops production in NTPC Ramagundam (India)
Acute shortage of coal supply from the Singareni Collieries Company Limited forced a second 200 MW unit to stop production on Tuesday.
Iran, Russia embrace over energy
Market Spotlight: Winter Propane Supplies, September 7, 2014 (US)
This year, a bumper corn crop has farmers wondering if they'll have enough propane to power their grain dryers.
Nuclear renaissance: Official statement says it could be years before New Mexico nuclear waste dump fully reopens
Nuclear renaissance: Britain's nuclear clean-up bill to soar by billions 'because of Government incompetence'

## Got food? ##
GMOs: Why no labeling in the United States?
Why (most) US farmers aren't feeling so confident
Agriculture producer confidence in the U.S. has fallen to its lowest level in four years, according to a survey released Monday.  
Endless War in the Fertile Crescent: How Modern Crises Threaten Ancient Food Supply
Milk Costs Most Ever to Signal Higher Prices for Pizza
Milk futures rose to a record as exports by the U.S. climbed amid shrinking inventories of cheese and butter, signaling higher costs for pizza and pastries.
We Must Degrow the 'Corporate Food Regime': Food Sovereignty Advocate

## Environment/health ##
Heavy monsoon downpours kill 128 people in Pakistan, 108 in India as more rain expected
Kashmir Floods: Death Toll Climbs to 420, Thousands Trapped on Roofs
Ebola scare prompts temporary lockdown at Hilton Hotel in Saint John, N.B.
Obama: U.S. military to provide equipment, resources to battle Ebola epidemic in Africa
WHO: Liberia will see thousands of new Ebola cases
Serious respiratory illness hits hundreds of kids (US)
Record rainfall swamps Southwest (US)
Bad News for Obama: Fracking May Be Worse Than Burning Coal
Hundreds of bird species at risk due to climate change
An Energy-Related Reason Why US Healthcare Outcomes are Awful
US Obesity Rates Exceed 20% in Every State; Care to Supersize That?
UN says CO2 pollution levels at annual record high

## Intelligence/propaganda/security/internet/cyberwar ##
The New Terahertz Night Vision Can See Through Walls, Skin
Business ponerology: Spooky Business: Corporate Espionage Against Nonprofit Organizations (PDF)
A Closer Look: A second layer of security online
'Undetectable' Peter Pan computer virus threatens UK businesses
Corruption Is the Price of Empire: The buying of America's thinktanks
Murky Special Ops Have Become Corporate Bonanza, Says Report
The U.S. government is paying private contractors billions of dollars to support secretive military units with drones, surveillance technology, and "psychological operations," according to new research.
Seeing No Neo-Nazi Militias in Ukraine
FBI's Story of Finding Silk Road's Server Sounds a Lot Like Hacking
US air marshal attacked with syringe at Lagos Airport, raising fears of Ebola infection
Internet Slowdown Protest: Net Neutrality Fight Goes Beyond Symbolic Loading Icons Wednesday
NATO rattles cybersabers—but experts have doubts
The Western world's central military alliance last week took a hard line against cyberwarfare, saying that a cyberattack against  any one of its members could draw a military response from the whole group. But experts say such a retaliation is easier for the North Atlantic Treaty Organization to talk about than to actually pull off.

## Systemic breakdown/collapse/unsustainability ##
GM's China JV recalls 38,328 Cadillacs on brake software glitch

## Japan ##
Japan says economy contracted 7.1 percent in 2Q
The Wrath of Abenomics Crushes Japanese Consumers, Eviscerates Economy
Bad News Piles up for Japan's Economy
Bank of Japan Buys Government Debt at Negative Yield
Half of single-mother households in Japan below poverty line, among worst in OECD rankings
Japan to expand continental shelf
McDonald's Japan sales plunge 25% in Aug., biggest fall since 2001
Two of Abe's new picks deny neo-Nazi links
Two newly-promoted Japanese politicians moved Monday to distance themselves from allegations of extremism after pictures emerged of them posing alongside the leader of a domestic neo-Nazi party.
Demographic crisis empties out Japan's rural areas
Tokyo wards spray pesticide as dengue infection spreads
Development around Tokyo Bay explodes in anticipation of 2020 Summer Olympics

## China ##
The China Boom Story: Alibaba and the 40 Thieves
Chinese authorities kill almost 5,000 dogs in one city after five people die from rabies
China saving billions on low oil prices
China's President Xi to make first visit to India
China's housing market is on the brink of collapse. Should Australia be worried?
With oil under $100, China trader books world's largest ship to store crude

## UK ##
The 117 per cent rail fare rise now arriving
Britain facing literacy crisis which will leave nearly 1.5 million 11-year-olds unable to read properly by 2025
U.K.'s Big Banks Cut Lending by $595 Billion, KPMG Says
Rising number of young adults live with parents 'for easy life'
Britain to Send Machine Guns and Ammunition to Iraqi Army, Kurds

## US ##
Preparing To Asset-strip Local Government? The Fed's Bizarre New Rules
Muni bonds fund the nation's critical infrastructure, and they are subject to the whims of the market: as demand goes down, interest rates must be raised to attract buyers. State and local governments could find themselves in the position of cash-strapped Eurozone states, subject to crippling interest rates.
If The Economy Is Recovering, Why Is The Labor Force Participation Rate At A 36 Year Low?
STILL 1.4 Million Fewer Full-Time Jobs than in 2008
It won't be long before US debt is out of control
Small Business Ownership In America Is At An All-Time Low
New Jersey's Debt is Downgraded by Fitch as Chris Christie Funnels Pension Money to Private Equity and Hedge Funds
America Can't Pay for Its Wars, Analysis Says
Police intelligence targets cash
After Toledo water scare, states ask EPA for help
Respiratory virus making children sick in Colorado
Kentucky Man Arrested for "Terroristic Threatening" After Posting Song Lyrics to Facebook
Trump Entertainment files for bankruptcy again ahead of Taj Mahal closing
Even Harvard Business Grads Recognize Unsustainable Nature of Rampant US Inequality
Analysis: Rich in Congress get richer
Big Box Retail's Non-Recovery: Weak Consumer Incomes Plus Inflationary Prices= Sinking Volumes At The Checkout
Consumer Credit Surges Most In Three Years
If you like living beyond your means, you can keep on living beyind your means. US Consumer credit grew by over $26 billion in July - smashing expectations of $17.35bn - and rising by the most since 2011. As usual, the leap was led by non-revolving credit (rising $20.6 billion) as auto and student loans continue to surge.
Americans don't just work longer hours—they also work stranger hours
1 in 6 California construction jobs part of underground economy, study finds
Nixon's Vindication (Ron Paul)
Forty years ago many Americans celebrated the demise of the imperial presidency with the resignation of Richard Nixon. Today it is clear they celebrated too soon. Nixon's view of presidential powers, summed up in his infamous statement that, "when the president does it that means it is not illegal," is embraced by the majority of the political class. In fact, the last two presidents have abused their power in ways that would have made Nixon blush.
Gas tax woes: Roads may crumble as people go green
Propane dealers try to head off another winter shortage with more storage, contracts
The price of learning from expensive books
The cost of educational books has soared by 150 percent since 2000 while the cost of recreational books has fallen.
IRS needs to acknowledge the freelance economy
Real estate: Big money investors pull out of California dramatically

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