Thursday, October 02, 2014


News Links, October 2-3, 2014

## Global Ponzi meltdown/House of Cards ##
Is Canada Next? Housing Bubble Threatens 'Financial Stability'
Peak Housing 2.0—Why This Bubble Correction Will Be A "Doozy" (US)
Draghi Pressures ECB to Buy "Junk-Rated" Loan Bundles of Greece and Cyprus
Ebola-Stricken West African Economies Are Crashing
Most Prestigious Financial Agencies Say Global Economy Is In Real Trouble
European Stocks Plunge Most In 16 Months As Draghi Disappoints
Japanese Stocks Have Crashed Over 1000 Points Since Friday
Leaked TTIP Documents Reveal Powerful Chemical Industry Wins
Mirabile Dictu! Ireland's Debt-Ridden Government Is Now Being Paid To Borrow
Ireland Said to Plan Home Loans Limits to Prevent Bubble
Europe On Triple-Dip Alert After German Manufacturing Posts First Contraction In 15 Months
How Much Longer Can the Global Trading System Last?
Nouriel Roubini — a.k.a. Dr. Doom — warns of rising risks around the world
The US Dollar Is Going to Break Down
Angry Birds maker Rovio to cut up to 130 jobs
Singapore Shows How to Keep Factories Open as Costs Rise
Russia's second biggest lender reduces dollar loans
"In general, we are trying to avoid extending dollar loans in order to de-dollarize the economy."
Putin shrugs off damage from Western sanctions
Russian President Vladimir Putin on Thursday shrugged off the negative impact of Western sanctions, saying they will only encourage Russia to build closer ties with China, India and Latin America.
Argentina Pushes for Global Debt Restructuring Mechanism

## Airline Death Spiral ##
A Single Fire Can Cripple America's Aging Air-Traffic System. Here's Why
Contact Lost With Planes One by One as FAA Fire Spread
The first radio links with pilots were lost just as the pre-dawn crush of flights into Chicago began. Air-traffic controllers in a nondescript Federal Aviation Administration building about 40 miles from the city switched to backup channels. Then those failed. They tried emergency connections, which also went dead.
Air Canada begins crackdown on carry-on bags in Toronto ahead of new $25 fee
Ebola fears hurt airlines
United Alerts Fliers From Trips With Ebola Patient
Lack of Ebola Screening at U.S. Airports Draws Scrutiny
U.S. orders airlines to replace cockpit displays on 1,300 Boeing airplanes
The display units provide crucial flight information including airspeed, altitude and navigation information, and cost thousands of dollars each. Replacing all the units is expected to cost airlines nearly $14 million, according to the FAA document.
New WestJet and Air Canada fees come with too much baggage

## Fault lines/flashpoints/powder kegs/military/war drums ##
New hostage crisis for Turkey: Islamic State surrounds troops at shrine
Turkish Parliament authorizes military action, but no sign of movement at Syrian border
ISIS Has Seized Over 350 Villages in Northern Syria in 16 Days
At least 10 killed in shelling of school and mini-van in eastern Ukraine
Oil, Empire and Playing the Great Game
The Black Sea: A New Frontier for Energy Geopolitics?
US sharply criticizes new Israeli housing project
France urges Israel to call off East Jerusalem settlement plans
Middle-of-night move by Jewish settlers unsettles Arab neighborhood
The French Have Backstabbed the US Petrodollar
The sanctions against Russia are backfiring on the US. We at Casey Research were the first to state that the sanctions were not going to play out the way Obama had intended. As I've stated in these missives, the Russians are playing a complex game of chess; Obama is at the table, but he thinks he's playing Connect Four.
Vietnam to US: Sell us some weapons, please
U.S. OKs $1.75 bln sale of Patriot PAC-3 missiles to Saudi Arabia
Kim Jong-Un's sister reportedly running N. Korea

## Global unrest/mob rule/angry people/torches and pitchforks ##
Sick-Outs and Walk-Outs: Students and Teachers Escalate Fight Against Censorship of History
Hong Kong Protests: WeChat Allegedly Censoring Photos As Demonstrators Targeted By Smartphone Spyware
Hong Kong protests 'inspiring China's Uighurs'
Strikers threaten to blow up French factory, stalling Hollande's bid for economic reforms
Thousands rally in Taiwan to support Hong Kong protesters
Anti-austerity protest greets ECB meeting in Italy
From Wall Street to Central—how to Occupy a space

## Energy/resources ##
Cheap oil 'a mirage' and heading to $140: Dicker
'Perfect storm' could send oil to $75, pro says
EU-Russia gas duel deepens with Slovakia supply cut
Bacon Fat: A Recipe For Renewable Fuel
All these schemes for turning organic materials into vehicle fuel suffer from the same delusion: that they could be scaled up enough to run industrial civilization. What's more, they're dependent on fossil fuels. -- RF
Stalled Kashagan Hampers Kazakhstan's Oil Output Growth
Shale Oil Boom Breaking Down
Turkey to get more Russian natural gas
Iran mulling oil swap with Russia
In Search of Oil Realism
EU-Russia gas duel deepens with supply cut
Saudi Arabia pivots towards Asia for oil exports
Saudi cuts official crude prices in battle for market share
A decade after welcoming wind, states reconsider
But now that wind turbines stand tall across many parts of the nation's windy heartland, some leaders in Oklahoma and other states fear their efforts succeeded too well, attracting an industry that gobbles up huge subsidies, draws frequent complaints and uses its powerful lobby to resist any reforms. The tension could have broad implications for the expansion of wind power in other parts of the country.

## Environment/health ##
Ebola Outbreak: Five People Infected Every Hour In Sierra Leone, Says NGO
Ebola In America: The Confirmed Case In Dallas, Texas Could Change Everything
Number of people exposed to U.S. Ebola patient raised from 18 to 100 overnight
Ebola Patient Thomas Eric Duncan Vomited Outdoors, Witness Tells Reuters
How Bad Could It Get? US Government Order Of 160,000 HazMat Suits Gives A Clue
Another Possible Ebola Case Investigated In Utah
Doctor dons Ebola protection suit to protest 'asleep at the wheel' CDC
U.S. troops head to Africa for Ebola mission
David Nabarro, the man leading the UN's fight against Ebola, says it is worse than HIV and SARS
Planet on the Brink: Human Activity Killing the Planet's Life-Supporting Systems
35,000 walruses have mobbed the Alaskan coast—because there's no sea ice left to rest on

## Intelligence/propaganda/security/internet/cyberwar ##
Oh, What a Webb We Weave…
Despite overwhelming evidence linking the CIA to drug traffickers, that sordid reality remains one of the great taboos of the mainstream U.S. media, which rallies to destroy anyone who points out the facts, a fate that befell journalist Gary Webb.
The Ghost of Ronald Reagan Authorizes Most NSA Spying
Meet FireChat – How Hong Kong Protesters are Communicating Without the Internet
Kissinger Sought to 'Crack the Cubans,' New Documents Show
Newly disclosed government documents show that U.S. Secretary of State Henry Kissinger drew up plans to "smash Cuba" with air strikes nearly 40 years ago, in response to Cuban President Fidel Castro's 1976 military intervention in Angola and the small country's pursuit of its own foreign policy in Africa.
Armed contractor with criminal record was on elevator with Obama in Atlanta
Anonymous Declares War On Hong Kong Government By Hacking Websites
Firm says phone apps spy on Hong Kong protesters
ComputerCOP: The Dubious 'Internet Safety Software' That Hundreds of Police Agencies Have Distributed to Families
Egypt confiscates newspapers in censorship attempt
House Intel Chief Wants To Increase Cyber Attacks Against Russia
Apple Encryption Will Slow Not Stop Snooping by Cops, Spies
J.P. Morgan Says About 76 Million Households Affected By Cyber Breach

## Systemic breakdown/collapse/unsustainability ##
Infrastructure: I Hear America Rotting
The Sources of America's Political & Financial Dysfunction
GM recalls 117,651 vehicles in North America
Honda to recall 130,000 cars, Mitsubishi Motors 120,000 to fix computer, AC woes
Debt Rattle Oct 1 2014: Europe Is Crumbling Into Collapse

## Japan ##
Japan's Largest Warship Since World War II Takes To Sea
Japan Stock Orders of $617 Billion Scrapped in Trading Error
Economists Lower Third-Quarter Growth Estimates
Japan's Obuchi: Political 'princess' could be first female PM
State secret law to take effect Dec 10
Clean energy boom challenges power grid
Four regional utilities stopped signing contracts to buy renewable energy from big solar power plants and other suppliers starting Wednesday, limiting an influx that is testing the nation's electricity grid.
MPD launches new office to crack down on cyber crimes
In this way, new offices and organizations spring up in every country to deal with the plethora of emerging problems, thereby hastening the collapse of governments under their own weight. -- RF
Bad weather may have slashed economic growth in July-September
Harmful insects' habitat widens with global warming
Japan Inc. begins to turn against the weak yen

## China ##
Is Xi Losing Control of China's 'Peripheries'?
Hong Kong Protests: Sympathizers Detained In Mainland China Over Support Of Pro-Democracy Demonstrations
Why China thinks gold is the buy of the century
China Aims For Official Gold Reserves At 8500t
Hong Kong protests: China cancels tour groups, warning of 'chaos'
China lays out steps to tackle local government debt
China will ban localities from taking on additional off-the-books debt while allowing them to issue bonds to meet their funding needs, according to risk management plans the central government announced Thursday.
Chinese patriotism fuels cruises to disputed isles

## UK ##
A 'No Social Media List' For Extremists And Potential Terrorists?
British supermarkets are having a terrible, horrible, no good, very bad year
Tesco's 250-million-pound black hole: Who was minding the shop?
Big six energy firms may lose quarter of customers by 2020, analysts warn
Loss will take £500m a year off collective profits, but consumers will suffer as dual fuel bills will be 20% higher, experts say
Up to 600 GP surgeries could close over course of next year as doctors retire
Up to 600 GP surgeries in Britain could close over the next year because family doctors are due to retire and a recruitment crisis may mean there is no one to replace them, according to the leader of Britain's GPs.
Must See Video of the Day – The David Cameron Rap
Extra £150 a month 'too much for half of home owners'
RAF Tornado squadron saved from the scrap heap to bomb Isil
Fall in UK living standards deeper than thought, TUC says
Payday Lender Wonga Writes Off Debt for 330,000 Customers

## US ##
Islamic State Fighting Strains Pentagon Budget
Costs of Obama's New War in Iraq and Syria Set to Explode, say Analysts
A Tale from Post-Constitutional America – This is What Happens if You Turn Your Back on Hilary Clinton
Judge Rules JPMorgan To Face Class Action Suit Over $10 Billion Mortgage-Based Securities
Detroit Judge Rules There Is No Basic Human Right to Water
Eric Holder didn't send a single banker to jail for the mortgage crisis. Is that justice?
Congressman Rangel Calls for War Tax, Draft; Why Not Bomb the Entire Muslim World? Draft Worse Than Slavery
New York Times to Cuts 100 Newsroom Jobs in Companywide Reductions
Ellsberg Sees Vietnam-Like Risks in ISIS War
Bankrupt Stockton can restructure CalPERS pension payments, judge rules: reports
Another U.S. University Drops China's Confucius Institute
The Economic Implications Of A Potential Ebola Pandemic In The United States
Oklahoma Prison System Ups Dosage For Lethal Injection After Botched Execution
History fight coming to a head in suburban Denver
If Hong Kong Can Have a Pro-Democracy Movement... Why Can't the United States?
U.S. Vacancy Rate Rises for First Time Since 2009 in Wake of Apartment Building Construction Surge
Revolving Door Spins at Secret Service as Obama Taps Comcast Executive
Corporate power beefs up its White House rolodex as Comcast executive re-joins President Barack Obama's inner circle
George W Bush: my brother Jeb 'wants to be president'
George W Bush has declared his younger brother Jeb "wants to be president", fuelling speculation that the Bush dynasty may soon launch a fresh bid to retake the White House.
U.S. factory orders post record decline on aircraft payback
Official Washington's Syrian 'Fantasy'
Megabanks have prison financial services market locked up
N.J. Red-Light Cameras Lose Support as Drivers Complain
More Seniors Are Unprepared for Rising Cost of Housing
Sears could still run out of money by mid-2015: analyst

And finally...
Japan Zoo tries to mate two spotted hyenas for four years, recently learns both are males

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