Thursday, October 16, 2014


News Links, October 16-17, 2014

## Global Ponzi meltdown/House of Cards ##
Time to reduce reliance on the dollar: Russia PM
Greece 10-Year Bond Yield Soars to 9% as Prime Minister's Gambit Explodes
What Options Are Left for Central Banks?
Siemens to cut 1,200 jobs at German energy ops: German radio
Office Depot to cut 1,100 jobs in Europe
9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years
A dizzying day for Wall Street as stocks plunge
The Problem With Central Bank Money Printing Is A Debt Spiral, Not Runaway Consumer Inflation
Dow Has Fallen More Than 1,000 Points in Less Than a Month
The stock market correction has arrived
Massive global volatility, central bank wizardry, geo-political instability, and people finally realizing how overvalued the market has become.
If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean?
No matter what statistics show, Canada's housing boom is about to end, experts say
"House Price Inflation" in Canada
Is the blindingly magnificent housing bubble in Canada running out of steam? Even the US housing bubble that imploded so spectacularly, pales by comparison. It's so big and so all-encompassing that even the Bank of Canada and ratings agencies publicly fret about the damage it might do to banks, and the entire financial system, when it meets its maker.
Why the State Has Failed to Reform Our Broken Financial System
Expecting the state to truly reform the nation's engines of financialization is like asking the cocaine addict married to the wealthy dealer to divorce the dealer.
8 European Countries In Outright Deflation As Inflation Expectations Crash To Record Low

## Airline Death Spiral ##
Fresh Ebola fears hit airline stocks
5 taken from Logan plane in precaution
Five passengers experiencing flu-like symptoms aboard an Emirates flight originating in Dubai were escorted off the plane Monday afternoon by a team in full hazmat suits at Logan International Airport, and other passengers were kept on board for nearly three hours while officials assessed the situation.
Passenger Wears A Hazmat Suit To Dulles Airport
Worried fliers wear masks as precaution against Ebola
Second Ebola-Infected Nurse Identified, Was Symptomatic With 99.5 Degree Fever While Flying
CDC Demands 132 Passengers That Flew With 2nd Ebola Patient Report For Testing
Airlines Fly Away From Ebola, Leaving Aid Workers Stranded
The Ebola Effect Arrives: Half Of Americans Will Avoid International Air Travel Out Of Ebola Fears

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey Finally Starts Bombing—–The Kurds!
Gen. Allen: US Won't Coordinate With Existing Syrian Rebels
Gen. John Allen, who has been advising President Obama on his new war against ISIS, today revealed that the administration has no plans to ever coordinate with the Free Syrian Army (FSA) or any other of the existing rebel factions. That's a surprise, because officials have been harping on for years about how great these factions are, and have been lavishing them with US arms and funding.
Iraqis desperate for air cover as U.S. moves warplanes to Kobani
How A Dispute Over Tanker United Leadership Explains The Role Of Oil In The Fight Against ISIS
ISIS Poised To Launch Major Attack On Town Just 25 Miles From Baghdad
Kuwaiti Official: Gulf States Plan Joint Naval Force
Russia-US relations reset 'impossible': PM Medvedev
Hidden Agenda Behind the new Free Trade Deals: "Everyone but China"
Climate Change May Lead To War Says New DOD Report
Houthi rebels take over Yemen's Hodeidah port: residents
Egypt Says Its Warplanes Are Bombing Islamist Militias In Libya
Ukraine's Neo-Nazis Demand Respect
Thousands of Ukraine's neo-Nazis surrounded the parliament in Kiev demanding that the government honor Ukrainian paramilitary forces who fought for Adolf Hitler in World War II, another embarrassing reminder of the extremism unleashed by last February's U.S.-backed coup.
Taiwan Considers Permanent Armed Ships For Disputed South China Sea Island
CIA's Own Study Finds US Arming of Foreign Rebels a Failed Operation
While the CIA continues to arm and train "moderate" Syrian rebels, a new, still-classified internal study obtained early by the New York Times finds that the agency's gun-running tactics in conflict areas have almost never succeeded, the Times reported on Wednesday.
Pentagon Reportedly Hushed Up Chemical Weapons Finds In Iraq
No, Chemical Weapons in Iraq Do Not Prove That Bush Was Right to Invade
US Ebola Force Continues To Build in West Africa
Chinese Navy Chief Conducts 'Unprecedented' Survey Of Spratly Islands
More mass graves discovered in Mexico 3 weeks after students disappeared

## Global unrest/mob rule/angry people/torches and pitchforks ##
Occupy Central: Hong Kong Police Arrest 45 Protesters In Offensive To Clear Blocked Roads
In Response to Violence and Raids, Protesters Blockade Hong Kong Police Headquarters
Hong Kong Protester Ken Tsang Beaten By Police: 'Never Seen That Behavior,' Activist Says
Hong Kong Protests Reignited As Anger Over Police Beating Of Activist Ken Tsang Grips Demonstrators
Photos: Walmart workers arrested in New York and Washington protesting for $15 minimum wage
Street Demonstrations In 21 European Countries Held To Protest Against TAFTA/TTIP; Another ACTA Revolt Brewing?
Cries for 'US Troops Out Now' Follow Soldier's Alleged Killing of Woman in Philippines

## Energy/resources ##
Cash Is Gone: World's Most Expensive Oil Project Just Got More Costly
The Kashagan oil field – the world's most expensive oil project – will face several more years of delays and cost overruns. The project's price tag, already north of $50 billion (other estimates say costs are much higher), will rise by an additional $4 billion as a consortium of international oil companies have to replace two 55-mile pipelines. The episode highlights the growing difficulty that oil majors are having at maintaining their worldwide production levels.
Shale bust: Bulls Running: Frackers Getting Trampled
Toxic Mix Blows up: Oil Price Collapse & Junk Bond Insanity
Oil resumes slump, dipping as low as $80.01
Saudi Prince Alwaleed says falling oil prices 'catastrophic'
Saudi Arabia Still Calling the Shots
Caspian Sea Could Be Key To Russian Control Of Eurasian Energy Markets
The zesty gathering also concluded with a chest-thumping promise not to allow foreign militaries to set up camp in the Caspian region, an obvious snub at NATO's aspirations with Azerbaijan.
Fusion Breakthrough? We'll Build Compact Reactor in a Year: Lockheed
Again, cheap energy — even if there is such a thing — would not stop the Ponzi death spiral. -- RF
The Shale Bubble
Lukoil boss meets Iraqi oil minister
Top 5 Ways Lower oil Prices Could Change the World
There are a number of ways the situation could play out, and this is one take. One prediction, seen here as well, is that it will create difficulties for tight oil production in the US. But shale drilling has been a loser from the get-go, and the industry is already mired in debt. It will collapse anyway, even without the help of lower oil prices. Also mentioned here is that cheaper oil will hinder the development of electric vehicles. It has always been my contention that the EV is an invention whose time never came. The argument for electric vehicles (same for hydrogen vehicles) is a simplistic dream which fails to perceive the indispensable role of oil in the manufacture and maintenance of EVs, in making their tires, and in the construction and maintenance of roads, without which all vehicles are worthless. The EV dream is of course an extension of the dream that we'll be able to run industrial/consumer civilization on renewables. -- RF
Bugs Joining Robots to Overcome Global Shortage of Copper
Seeking to overcome a shortfall that may reach 2 million tons within four years, companies including Codelco, the world's largest copper producer, Central Asia Metals Plc (CAML) and Nautilus Minerals Inc. (NUS) are using specialized microorganisms to extract copper from previously unusable ore, sending robots a mile below the sea to tap rich deposits and recovering the metal from decades-old dump sites in Kazakhstan.
Kuwait moves toward cutting diesel, kerosene subsidies in key reform
Kuwait's government is moving towards cutting some of the energy subsidies which drain billions of dollars from the state budget every year, in a politically sensitive reform which could start to curb waste and overuse of its oil resources.
Germany plans first ever cut to green energy levy
The oil drama
India May Become World's Largest Coal Importer
Plunging Oil Prices a Game-Changer for Major Pipeline Projects

## Got food? ##
Ebola Outbreak 2014: An Impending Food Crisis Worries Officials
U.S. farmers seen cutting fertilizer use as crop prices slide
U.S. farmers are cutting back on spreading fertilizer this autumn in response to a drop in crop prices to multi-year lows and a delayed harvest, dealers say, warning of a pullback that will be felt from grain markets to Canadian potash mines.

## Environment/health ##
Fracking Triggers More Ohio Earthquakes, Study Finds
Google Glass Addiction? Doctors Report First Case of Disorder
Researchers uncover the disgusting truth about NYC rats
Peru says country's glaciers shrank 40 pct in 4 decades from climate change
'Great wall of Jakarta' planned to combat floods in sinking capital
Nurses Say No Ebola Protocol Meant Tape to Cover Skin
Whistleblower nurse describes 'chaos' at US Ebola hospital
Briana Aguirre claims she was given a hazmat suit with a large hole in it and waste from suspected Ebola patients was piled "up to the ceiling" in corridors
Obama's Cynical, Stilted Response to Ebola vs. Cuba's Magnificent Mobilization
Ebola cases nearing 9,000, says WHO
Privatized Ebola
St. Lucia, Colombia Ban Travelers From Ebola-Hit Countries, As Second Case In US Is Detected
US Government Has Ebola 'Do Not Fly List' Of Exposed People: Report
Ebola Nurse Amber Vinson Checked with CDC Before Flight: Source
UN official warns some anti-Ebola measures might violate human rights
UN chief: Fund to fight Ebola has $100,000 in bank
Orphans abandoned, shunned in Africa's Ebola crisis
FEMA Conducting Pandemic Drills Amidst Ebola Crisis
Researchers Expect Over 20 US Ebola Cases In Weeks, "You Don't Want To Know Worst Case"

## Intelligence/propaganda/security/internet/cyberwar ##
Google discloses Web encryption vulnerability in SSL 3.0
Project Censored exposes top 25 most censored news stories of 2013-2014
FBI Warns US Businesses Of Cyberattacks, Blames Beijing
Propaganda 101 – How the Pentagon is Trying to Rewrite Vietnam War History
New Zealand Cops Raided Home of Reporter Working on Snowden Documents
FBI director warns against cellphone encryption
FBI Director: If Apple and Google Won't Decrypt Phones, We'll Force Them To

## Systemic breakdown/collapse/unsustainability ##
Toyota recalls 1.75 million cars worldwide
Trillions in Global Cash Await Call to Fix Crumbling U.S.

## Japan ##
Japan lawmakers say open to limits on casinos in push for bill's passage
Internet addiction rising in Japan
Japanese megabanks trying investors' patience on payouts
SDF jets scrambled 533 times in last 6 months to counter rising Russian incursions
Radioactivity spikes in No. 1 reactor well water
As Japan eyes nuclear restarts, renewables get shut out of grid
Bullying at elementary schools hits record high at 118,805 cases
No biohazard facilities in Japan can handle Ebola
Aging facilities, green staff put factories' safety at risk
Japan's manufacturing industry has been plagued by a spate of serious accidents in recent years, as aging plants and the retirement of experienced employees are believed to have led to the death or serious injury of workers.
Health fees to rise for elderly / Government seeks to stem medical costs
As Communities Block Nuclear Restart, Japan's 48 Operable Reactors Idle

## China ##
China blocks BBC website as Hong Kong tensions rise
They'll Be Watching: Beijing Gears Up for APEC With 1,000 Cameras
More Than 82 Million Chinese Live on Less Than $1 a Day
Chinese Real Estate Buyers Turn to Tokyo

## UK ##
UK energy bill crisis looms as consumers pay more despite using less
Which? says annual spending on gas and electricity has rocketed by 52% above inflation in less than 10 years
Immigration causing 'pressure on housing' in London, claims report
UK to start using wheat for ethanol production
Threat of extremist attack in UK is escalating, say police
About 50 people a week referred to deradicalisation programmes, with 218 terror-related arrests so far this year

## US ##
If the US Deficit is 'only' $483 Billion, why does the Government Have to Borrow $1.1 Trillion to Fill the Hole?
Big Four Economic Indicators Near Stall Speed
Los Angeles mayor vows to cut city's water use by 20 per cent as drought continues to bite
California Drought Might "Persist or Intensify" During Warm Winter: NOAA
Nearly half of Americans haven't planned how much they need to retire
Ten Facts about Being Homeless in USA
Outsourcing Public Services: Governors Push Privatization, With Disastrous Results
WMT cuts sales outlook for fiscal 2015
Wal-Mart Stores Inc cut its full-year sales growth forecast, hurt by a stronger dollar and a bigger-than-expected impact from the cut in the government food stamp program last year.
Sleeping 7-year-old girl shot in head during no-knock police raid on wrong home
For Bank Of America, Crime Is Now An Ordinary Course Of Business
5 Bills in the Land of the Free that are straight out of Atlas Shrugged
I thought that "H.R. 4904: Vegetables Are Really Important Eating Tools for You (VARIETY)" had to be a joke, but checked and found that it is real. What next? -- RF
21-Point Plunge in Empire State manufacturing Index, New Orders Contract; Future Expectations Remain in Stratosphere
Welcome to Arcadia – The California Suburb Where Wealthy Chinese Criminals are Building Mansions to Stash Cash
21-Point Plunge in Empire State manufacturing Index, New Orders Contract; Future Expectations Remain in Stratosphere
Obama Authorizes National Guard, Reserves for Ebola Fight

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