Sunday, October 19, 2014


News Links, October 18-20, 2014

## Global Ponzi meltdown/House of Cards ##
Handelsblatt: "Four German Banks On The Brink"
Signs of bubble collapse appearing in emerging Asia
More QE? These Charts Show the Pauperization of Workers in the UK and America since 2008
Argentina Announces $1 Billion Domestic Bond Sale To Lift Economic Woes
Even The IMF Gets It—–ZIRP Encourages Speculation, Not Investment
World's Richest Lose $26 Billion as Walton Heirs Falter
U.S. Debt Held by Foreigners Hits Record $6.07 Trillion
Nonperforming Spanish Loans Near All-Time High as Overall Credit Shrinks
Russians and Chinese are ditching the dollar as Europeans start using renminbi in their reserves
Why Venezuela is so desperate, in 5 easy charts
Moody's downgrades Russia to Baa2
Gold Imports by India Seen Rising More Than Fourfold Last Month
With seizures up, Indian gold smuggling loses its shine
Ebola: Insurance's new way to deal with an outbreak
New Gulf projects to hit $180bn this year despite oil price
About $180 billion of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six years, despite falling oil prices, according to a new study.
Ebola and the Shipping Industry

## Airline Death Spiral ##
Tiger Airways Holdings operating loss doubles in 2QFY2015
Government to buy Selmun Hotel to stem Air Malta's €25 million loss in 2015
Airline fees are nickel and diming you--you wish
Jackson's airport raising fees, cutting budget to offset loss of Southwest revenue
Air cargo industry bracing for continued loss of freight to ocean, analyst says
A congressman takes on frequent-flier programs for favoring airlines over fliers
Lufthansa cancels 1,450 flights due to pilots' strike
Belgium's Brussels Airport to begin screening passengers arriving from Ebola-stricken zone

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraqi PM Doesn't Want Foreign Troops, Asks Militias Instead To Help Fight ISIS
Saddam Hussein's former pilots training ISIS how to fly three captured MiG fighter jets, witnesses say
Pentagon preparing for long war in Iraq, Syria
ISIS Battle For Kobani: Fiercest Fighting In Days Hits Syrian Border Town

Saudi oil pipeline set alight amid gunfire
Gunfire directed at security forces set fire to an oil pipeline in eastern Saudi Arabia, just days after a dissident Shiite cleric was sentenced to death.
Either You're the Butcher or You're the Cattle
Or as Senator Mike Enzi famously said, "If you're not at the table, you're on the menu." -- RF
Yemen Civil War: Tenuous Cease-Fire Called As Dozens Killed In Clashes Between Al Qaeda, Houthis
Sweden hunts for suspected Russian submarine in Cold War-style drama
Russia Making Major Push Into Mideast Market
North and South Korea exchange another round of gunfire across border

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong protesters retake Mong Kok streets in battles with police
Hong Kong Street Clashes Continue Despite Imminent Talks

## Energy/resources ##
Oil slump means canceled projects as investment declines
The global crash in crude prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments.
Coal stocks at power plants lowest in 25 years (India)
BP to restart North Sea gas field half-owned by Iran
BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday.
Ukraine says it agrees on interim gas price with Russia
Oil Bust Has Brazil in Deep Water
Modi Eases Fuel Controls in Move to Revive India Economy
India scrapped controls on diesel prices and increased natural gas tariffs in Prime Minister Narendra Modi's biggest steps toward curbing subsidies, spurring energy output and reviving the economy.
Calgary braces for gloom of falling oil prices
Oil decline: Price makes the story
Sydney's Caltex refinery closed as Chevron's crude production and sales continue to decline

## Got food? ##
This is What School Lunch Looks Like in Chickasha, Oklahoma
Plastic containers protect and poison your food
Why there may not be enough chocolate in the world anymore
GMO Purveyors Monsanto & Co. Open New Fronts in Food War
Japan's rice farms rotting from inside
The failure of governments to protect small-scale family farms that rely on traditional methods will be a major factor in promoting global starvation. -- RF

## Environment/health ##
Latest Intellectual Property Chapter Of TPP Agreement Leaked: Would Be A Disaster For Public Health
Another Poke In The Eye For Clean Coal
EPA Analysis Evidence Notorious Neonics Should be Suspended, Watchdog Groups Say
Analysis 'has confirmed what farmers, beekeepers and scientists have been saying all along: neonicotinoids do more harm than good'
Plastic Junk Litters Our Oceans, Killing Sea Life — And It's Getting Worse
Opinion: 1,000 years of Dust Bowls now inevitable
Ebola is getting worse in Guinea and no one's paying any attention
UN's asks $1 billion fast-track fund for Ebola falls woefully short
An alarmed United Nations Secretary General Ban Ki-moon in late September asked nations around the world to quickly help raise $1 billion to fight the deadly virus Ebola. As of Friday, only $100,000 has come in -- from Colombia.
Pentagon building rapid-response Ebola team
Why airport screening won't stop Ebola
U.S. Ebola Cases May Exceed Two Dozen by November, Researchers Say

## Intelligence/propaganda/security/internet/cyberwar ##
WPost's Slimy Assault on Gary Webb
The movie, "Kill the Messenger," portrays the mainstream U.S. news media as craven for destroying Gary Webb rather than expanding on his investigation of the Contra-cocaine scandal. So, now one of those "journalists" is renewing the character assassination of Webb.
Cops Need a Warrant to Grab Your Cell Tower Data, Florida Court Rules
Personal Data up for Grabs in the Great Cyber War
More Than 77 Million Records Hacked So Far in 2014
A total of 606 data breaches have been recorded so far in 2014 by the Identity Theft Resource Center (ITRC). About 77.6 million records have been 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.
Director Comey Admits FBI does Conduct Surveillance without a Warrant
FBI Director Warns Google and Apple "If You Don't Decrypt Phones, We'll Do It For You"
The FBI Director's Evidence Against Encryption Is Pathetic
Cyber-Espionage and Trade Agreements: An Ill-Fitting and Dangerous Combination
Germany blames pro-Russian rebels for MH17 passenger plane crash: Spiegel
The CIA owns everyone of any significance in the major media."
A Mysterious Iran-Nuke Document
A mysterious document has been used for a half dozen years to derail nuclear talks with Iran, but its origins remain dubious and one expert says it's been used to take international inspectors "for a ride."

## Systemic breakdown/collapse/unsustainability ##
Raising the Dead: Lack of Space Forces Cemeteries Skywards
Why Nations (and organizations) Fail: Self-Serving Elites
VW recalls 1.1 million cars in North America, China over suspension issue
Fiat Chrysler Recalls 900,000 Vehicles
One in every five U.S. cars recalled this year
Takata air bag defects far more severe than revealed
Daikin recalls 840,000 air conditioner and air purifier units due to fire hazard (Japan)
Sediment filling 100 dam reservoirs (Japan)

## Japan ##
46% think towns, cities face bleak future: survey
Another window on the ongoing collapse of Japan's socioeconomic system. -- RF
Japanese Stocks Tumble After BoJ Bond-Buying Operation Fails For First Time Since Abenomics
Half of Tokyo's large-cap shares have P/B ratio below 1
BOJ May Need to Buy More Longer-Term Debt
The Bank of Japan 8301.TO -0.53% is reaching the limit of what it can buy in short-term debt from the market, a development that suggests it may have to shift its asset buying toward longer-term debt.
Tokyo-Nagoya maglev train project OK'd
Any rational person would surely realize that this train line will never be completed. IMHO, the real reason for approving it is to provide construction companies with a smorgasbord of make-work projects. Further, financing will likely require many huge loans, which are welcome because the creation of massive debt is needed to fuel economic expansion.  -- RF
Challenges still ahead for green-lit maglev
Abe keen to establish new Japanese Constitution
Record cesium level detected in Fukushima No. 1 groundwater; Tepco blames heavy rainfall
Nuclear reactor restarts unlikely this year

## China ##
China Takes A Page From SARS To Deal With Ebola Outbreak
China says it's hard to resume cyber security talks with U.S.
Chinese coastguard vessels patrol disputed waters
Slowing housing development drags on China's growth
China central bank to inject $32.6 billion
China's central bank is planning to inject 200 billion yuan ($32.6 billion) into the banking system, according to financial executives briefed on the matter, as recent credit-easing measures have failed to push the world's second-largest economy back to stronger growth rates amid deepening worries about a global slowdown.
China's Banks Are Getting Ready For A Debt Implosion

## UK ##
Ebola screening extended as David Cameron warns virus is 'biggest problem in a generation'
'Disabled are grateful so work harder,' says Tory minister
UK academics set up as the world's first space detectives
Raymond Purdy and Raymond Harris use the growing constellation of cameras that orbit Earth to help solve crime on the ground
Bank of England chief economist 'gloomier' about UK prospects
Under-30s being priced out of the UK, says social mobility tsar
Britain is on the verge of becoming permanently divided between tribes of haves and have-nots as the young increasingly miss out on the opportunities enjoyed by their parents' generation, the government's social mobility tsar claim.

## US ##
113 Federal Reserve Staff Members Make $250,000 Annually
Fed Chair Janet Yellen 'Greatly' Concerned About Rising Income Inequality
She could start at the Fed. -- RF
Ninety percent of US families are no wealthier than they were in 1986
About The Obama Recovery—-No Progress On The Poverty Front
Ebola scare closes Pentagon parking lot
Forget about Ebola – here's why US banks (and your savings) are now EXTREMELY vulnerable
Facing $127 trillion in unfunded liabilities – which is nearly double 2012's total global output – and with no inclination to reduce those numbers at all, at this point disaster for the US is entirely unavoidable.
How Americans go poor by spending money on housing and related expenses
10 Shocking and Wildly Depressing Facts About Being Homeless in Uncaring America
Guantánamo Bay Is Crumbling Into Ruins
Many Americans believe that the Guantánamo Bay prison has been a moral disaster for their country. It's becoming increasingly evident that the prison has been a financial catastrophe, as well.
Sprint cuts 452 jobs at its Kansas headquarters
As debt mounts, Caesars in talks with lenders
Native American schools face decayed buildings, poverty
More than 1,200 weapons including guns and Tasers seized from New York schoolchildren

And finally...
Man arrested for assaulting victim with a burrito

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