Tuesday, October 14, 2014

 

News Links, October 14-15, 2014

## Global Ponzi meltdown/House of Cards ##
Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap 
Euro Zone Seeks To Soften German Opposition To Stimulus Spending
Merkel Vows Austerity Even as Growth Projection Cut
Richest 1% of people own nearly half of global wealth, says report
The next financial crisis - not if but when
Stock Buybacks Peaked With Stock Market in 2007: History About to Repeat?
Ebola deflating hopes for 3 poor African economies
Puerto Rico Sells $900 Million of Short-Term Notes at 7.75%
Half of UAE's $13bn 2015 budget to be spent on social services
Venezuela Default Almost Certain, Harvard Economists Say
The Fourth Central Bank Gold Agreement - what gives?
On 19th May 2014, the European Central Bank and 20 other European central banks announced the signing of the fourth Central Bank Gold Agreement. This agreement, which applies as of 27 September 2014, will last for five years and the signatories have stated that they currently do not have any plans to sell significant amounts of gold.
Pro: Downturn increases odds that EU falls apart
Sweden close to being a cashless society
Saudi Prince "Astonished" At Oil Minister's "Disastrous Underestimation" Of Effect Of Price Cuts
The great Lira revolt has begun in Italy
China to push creation of APEC-wide free trade zone by 2025
Quarter of new Canadian oil projects vulnerable if oil falls below US$80: IEA
Uh-oh, those shady "exports" from China to Hong Kong are back
China steel now as cheap as cabbage, weighing on global price
Ireland ditches tax loophole for multinationals in post-austerity budget

## Airline Death Spiral ##
Ebola crisis: 'huge disruption' expected at Heathrow as screening begins
Experts have warned that enhanced screening is unlikely to stop Ebola arriving in Britain and will bring 'huge disruption' to travellers
Civil Aviation Management Institute of China: lower fares have become inevitable
Premium Economy: What's New in Airline Seating Classification?

## Fault lines/flashpoints/powder kegs/military/war drums ##
That Was Quick! Washington's Syria/Iraq War Strategy Already In Tatters
America's plans to fight Islamic State are in ruins as the militant group's fighters come close to capturing Kobani and have inflicted a heavy defeat on the Iraqi army west of Baghdad.
Turkey: No new deal with US on using air base
NATO allies Turkey and the United States differed Monday on where they stand on the use of a key air base, with Turkish officials denying reports from the United States that there was a new agreement on its use for operations against Islamic State militants.
Turkey Attacks Kurdish Positions On Border With Iraq
Fighting Reaches Turkish Border Crossing In Kobani As Airstrikes Fail To Deter ISIS Advance
Militants take Iraq army camp as bombs hit Baghdad
Islamic State forces 180,000 to flee in Iraq
Iraqi Troops Abandon Military Base To ISIS Raising Concerns Over Military Strategy In Iraq And Baghdad's Safety
Robot Ships And Pepper Spray—the Latest in Pirate-Fighting Tech
Evo Morales declares re-election victory in Bolivia
Billions set aside for post-Saddam Iraq turned up in Lebanese bunker
Stuart Bowen, who investigated corruption in Iraq, says US and Iraqi governments ignored appeals to recover money
Kim Jong Un makes first appearance since Sept. 3
Russia signs deals with China to help weather sanctions
US National Reportedly Shot, Killed In Saudi Arabia
U.S. Navy opens ballistic missile defense facility in Romania
UK and Sweden Vote to Recognize Palestinian State

## Global unrest/mob rule/angry people/torches and pitchforks ##
St. Louis area police arrest at least 17 during weekend of protests
'Fight Back': Protesters Stage 'Moral Monday' Civil Disobedience Actions in Ferguson
Sea of Irish Protesters: 'Water Is a Human Right!'
State capital building burned in Mexico during angry protest over missing students
HK police use sledgehammers and chainsaws to dismantle protest barriers, reopen major road
Hong Kong Protesters Face Off Against Police, Retake Tunnels
Hong Kong police clear protesters out of tunnel

## Energy/resources ##
Peak oil is here: the view from Barbastro
No Shale Revolution For Europe
Endeavor goes bust on North Sea operations
Iraq reviews oil ties with United States
Privately, Saudis tell oil market- get used to lower prices
IEA sees 2015 oil demand growth much lower, supply hitting prices
U.S. Oil Producers May Drill Themselves Into Oblivion
Russia pitches undersea gas pipeline to Japan
Quarter of new Canadian oil projects vulnerable if oil falls below US$80: IEA
Is Fusion Power Closer Than We Thought?
The 10 Biggest Energy Company Bankruptcies
Investments in Australian LNG Projects Cool amid Cost Blowouts
China starts oil production in South China Sea

## Infrastructure scavenging ##
Copper thieves targeted communication towers in 14 Texas counties

## Got food? ##
How, when and where to grow superfoods in your garden
Bumper crop brings food price relief for consumers
Report: 2 billion worldwide suffer from 'hidden' hunger

## Environment/health ##
Ebola Panic The New Normal As Outbreak Spreads, Death Count Rises
No Ebola Checks at Brussels Airport After Flights From Liberia
Ebola Scare Prompts Congresswoman To Suggest Not To Allow People From West Africa Into US
Fears for 70 hospital workers who cared for America's "patient zero"
CIDRAP: "We Believe There Is Scientific Evidence Ebola Has The Potential To Be Airborne"
Nurses Warn of 'System Failure' as Ebola Spreads to US Healthcare Worker
Ebola cases could hit 10,000 a week by December, WHO states
Another 100 U.S. Troops Arrive in Liberia to Fight Ebola
More troops tackling Ebola than battling Isil or the Taliban (UK)
U.S. sets up rapid-response Ebola team; Dallas nurse improves
Louisiana Officials Don't Want Ebola Waste in State
A state judge signed an order Monday temporarily blocking ash from the incineration of a Texas Ebola victim's belongings to be disposed of at a southwest Louisiana site.
This is looking more and more like a zombie apocalypse in the making. It's no wonder the US government is recommending that citizens prepare for one. -- RF
NASA says September was warmest on record since 1880
Aluminium poisoning may trigger Alzheimer's disease, claims professor
To grow cheap marijuana, Italy calls in the army
Pesticides and Autism Spectrum Disorders: New Findings from the CHARGE Study
'Global Frackdown' Aims to Slay Myths and Force End to Fracking Bonanza
Massive Methane 'Hotspot' Confirmed in Southwest U.S.
Drugs flushed into the environment could be cause of wildlife decline

## Intelligence/propaganda/security/internet/cyberwar ##
South Korea identity thefts forces ID overhaul
After an avalanche of data breaches, South Korea's national identity card system has been raided so thoroughly by thieves that the government says it might have to issue new ID numbers to every citizen over 17 at a possible cost of billions of dollars.
Voiceprints being harvested by the millions
Europol Chief: 100 Hacker 'Kingpins' Lead Global Cybercrime
"We roughly know who they are. If we can take them out of the equation, then the rest will fall down," Troels Oerting, the head of the Europol Cybercrime Centre, told BBC's Tech Tent radio program.
You bet! As everyone knows, the War on Drugs, War on Poverty, and War on Terror have all been spectacularly successful. So we know the War on Cybercrime will be a similar success. -- RF
Rise of the Crypto Wars Entangles Apple and Google
Russian Hackers Target NATO, Ukraine and Others: iSight
Ed. Data-Mining Research Effort Wins Federal Grant, Raises Privacy Questions (US)
The National Science Foundation earlier this month awarded a $4.8 million grant to a coalition of prominent research universities aiming to build a massive repository for storing, sharing, and analyzing the information students generate when using digital learning tools.
Edward Snowden's Girlfriend, Lindsay Mills, Moved to Moscow to Live with Him
Why is this important? Read Glenn Greenwald's commentary to find out. -- RF

## Systemic breakdown/collapse/unsustainability ##
New Report – The United States' Sharp Drop in Economic Freedom Since 2000 Driven by "Decline in Rule of Law"
Honda recalls 43,000 2014-2015 Acuras in U.S. to fix front belts
Chrysler recalls 184,215 SUVs for air bag defect
The true cost of Bangalore's traffic gridlock is staggering
Local gov'ts at a loss over unregistered, abandoned houses (Japan)
Twin Peaks: Stock-Market Fear, Oil Panic

## Japan ##
Japan's Monetary Steroid Effect Turns into Drama of Volatility (Brutal Charts)
Japan's weapons-makers now open for business
Gov't approves Hokkaido Electric rate hike
Contracts for interim radioactive waste storage sites in Fukushima due to expire
Local gov'ts at a loss over unregistered, abandoned houses
Cabinet approves state secrecy law guidelines

## China ##
Fake Invoice Doubts Revived as China Trade Skyrockets
Unidentified, Masked People Storm Hong Kong Protest Barriers
Chinese Media Floods Mainland News With Anti-Occupy Hong Kong Coverage
Chinese Car Sales Grow At Slowest Pace In 19 Months
China sentences dozens to death and jail terms for Xinjiang violence
Faltering economy hits China's coal sector

## UK ##
George Osborne: use your pension as a bank account
UK only G7 country with wider inequality than at turn of century
UK retail sales plummet to financial crisis lows

## US ##
Debris from Subprime Auto Loans to Ricochet across Main Street
12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy
Two-Thirds Of Americans Are Restricting Spending: Bankrate Survey
Market Swoon May Become "Disorderly on a Scale not Seen since 1987"
Poll: Many insured struggle with medical bills
U.S. Army says it faces huge equipment, training risks with budget cuts
Ebola Scare Prompts Criminal Threat Investigation
New study says most can't afford used cars
Americans face post-foreclosure hell as wages garnished, assets seized
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.
Why Is the Put-Call Ratio (Fear Gauge) Higher Than in the Lehman Collapse of 2008?
NBC Correspondent Quarantined for Ebola is Spotted Going Out in New Jersey Anyway
NBC's Nancy Snyderman apologizes for violating Ebola quarantine
United Serfs of America – Low Income Workers at Jimmy John's Forced to Sign Noncompete Agreements
Wealthy consumers slow spending
The Military-Industrial Complex Comes Roaring Back—-Syria/Iraq Fiasco Could Trigger $100 Billion Add-On
When Poverty Was the Enemy, Not the Poor




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