Friday, October 10, 2014

 

News Links, October 11, 2014

## Global Ponzi meltdown/House of Cards ##
German Government To Cut Its Own Economic Growth Forecasts
The Big German Engine That Can't—–Its EM, Russian And European Export Markets Are Shriveling
Growth worries slam stocks, oil, emerging markets
Italy's All Fixed: Bad Bank Loans HIt Record 10.7% Of GDP; Bond Yield At All-Time Low
World's Busiest Freight Route Rates Plunge To 2014 Lows
U.K. Hires Banks for World's Debut Non-Chinese Bond in Yuan
"De-Dollarizing" Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter
U.S. and UK to test big bank collapse in joint model run
Finland Loses AAA Rating
North American markets suffer worst week since 2012 as Dow erases gains for the year

## Airline Death Spiral ##
CDC Could Quarantine US Citizens Who Refuse Ebola Screenings At American Airports
Indianapolis Airport Unveils Roaming Customer Service Robot on Wheels; Next Big Thing in Airport Customer Relations
Narita Airport to discount fees for low-cost carriers
Here's what will happen if you refuse an Ebola screening at a US airport

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudi Arabia Unleashing 'Systematic and Ruthless' Repression Against Dissenters: Report
US Commanders Pushing Obama To Fight ISIS With Ground Troops In Iraq
Will ISIS Attack Baghdad? ISIS Supply Route Puts Anbar On The Brink of Falling To ISIS
As ISIS Gains Mount, Growing Doubts on US Strategy
The Oil Weapon: A New Way To Wage War
It was heinous. It was underhanded.  It was beyond the bounds of international morality. It was an attack on the American way of life.  It was what you might expect from unscrupulous Arabs.  It was "the oil weapon" -- and back in 1973, it was directed at the United States. Skip ahead four decades and it's smart, it's effective, and it's the American way.  The Obama administration has appropriated it as a major tool of foreign policy, a new way to go to war with nations it considers hostile without relying on planes, missiles, and troops.  It is, of course, that very same oil weapon.
Mexico captures alleged leader of Juarez Cartel in second major bust this month
Mexico finds more graves at site of suspected student massacre
U.N.: 100,000 displaced in Libya over 3 weeks

## Global unrest/mob rule/angry people/torches and pitchforks ##
Clashes Erupt in Second Night of Protests Over St. Louis Police Shooting
Thousands of Hong Kong protesters regroup after government rejects talks

## Energy/resources ##
Severe coal shortage at Indian power plants hits industries
Here's why shale oil stocks are tanking
As Fracking Enters A Bear Market, A Question Emerges: Is The Shale Boom Built On A Sea Of Lies?
What a surprise! Who would have thought? -- RF
Ukraine worried about gas shortages
The Peak Oil Crisis: Cold Fusion – A New Report on Rossi's E-Cat
As with the first test, the scientists reported nearly unbelievable results which, of course, is the problem.
This sounds like the savior of the world economy, but basically nothing would change, because — even if it really works — it doesn't change the economic system. It would just goose the global Ponzi and keep it going for a while longer, while strip-mining the planet at an accelerated rate. Although carbon emissions would be significantly reduced, renewed economic growth would more than make up for that reduced environmental burden by spurring other kinds of pollution and contamination. My prediction is that, in the long run, this would just aggravate all our problems and make the inevitable crash all the worse. Limits to growth do exist. -- RF
New pipelines to cost Kashagan oil project up to $3.6 bln

## Infrastructure scavenging ##
Thieves steal copper as fast as it is installed
Thieves stole a 1,300-pound traffic gate from a construction site
Construction's new headache: stolen backhoes
Low-level criminals stealing copper to sell on the black market is the stuff of TV and film plots, but every day, real-life crooks lift everything from bags of gravel to backhoes from construction sites across the 905 region – often in broad daylight.
Lead thieves strike at Walsingham churches
Thieves steal metal crypt doors

## Got food? ##
The Amish Farmers Reinventing Organic Agriculture
By studying the immune systems of plants, they've developed a technique that eliminates the need for chemicals.
If you garden or farm, this is a must-read. -- RF
Food Stamp Enrollments Top 46 Million for 35 Months in a Row
Mexico's junk food tax hitting Pepsi, Coke sales

## Environment/health ##
WHO: Ebola death toll rises to more than 4,000
U.S. to free up Ebola funds as fears of global spread rise
100 U.S. Marines arrive in Liberia to assist Ebola response effort
It begins: Connecticut declares Ebola 'state of emergency'
State health commissioner granted quarantine power
Tiny Gasoline Drips Can Create Big Problems
World's fish leaving tropics, moving poleward

## Intelligence/propaganda/security/internet/cyberwar ##
At least 100,000 Snapchat photos hacked: Report
Berkshire-owned Dairy Queen says customer data hacked in 46 states
Islamic State's death threats to Twitter staff
What's Up With North Korea's Kim? It's a Mystery to CIA
Adobe is Spying on Users, Collecting Data on Their eBook Libraries
Kmart payment data systems breached by malware: Sears
Nearly 77 Million Records Compromised to Date in 2014
There have been a total of 589 data breaches recorded so far in 2014 by the Identity Theft Resource Center (ITRC). About 76.7 million records have be exposed, including the breach of 56 million credit and debit card numbers at Home Depot Inc. (NYSE: HD), the largest breach ever recorded for a retail company.

## Systemic breakdown/collapse/unsustainability ##
Nissan recalls 238,000 2013 Altima sedans on hood latch issue
Paul Krugman and the Limits of Hubris

## Japan ##
Japan pitches nuclear restart in tightly controlled townhalls
Hokkaido Electric to execute second price hike in November

## China ##
Air pollution in northern China worsens
Is China's Bubble the Next Financial Crisis?
China's Guangdong Province Confirms 1,412 New Dengue Cases: Reports

## UK ##
Residents asked to repair potholes
Residents have been asked by a council to fill in potholes themselves in order to save money on road repairs.
Treasury hires banks to run first renminbi bond sale by a Western state
The government has today hired three banks to help the UK become the first Western state to issue bonds in the Chinese currency renminbi. The Treasury has appointed HSBC, Standard Chartered and the state-owned Bank of China to run the sale. The new bonds will help to diversify the UK's public reserves, which are currently held in US and Canadian dollars, euro and yen.

## US ##
Public Health Emergency Declared In Connecticut Over Ebola: Civil Rights Suspended Indefinitely
The Stronger Dollar = Stealth QE
U.S. Government Wants to Charge $1,500 to Take a Photo in Federal Wilderness Areas
Out of control: Video of the Day – NYPD Officer Steals Brooklyn Man's Money Then Pepper Sprays Him
GT to cut jobs, wind down sapphire plant; takes aim at Apple
Defense Dept. to Request $30-40 Billion a Year to Fight ISIS; History Lessons
Anyone recall how the war in Iraq would pay for itself? That was the US Defense Department estimate in 2003.




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