Tuesday, October 21, 2014

 

News Links, October 21-22, 2014

## Global Ponzi meltdown/House of Cards ##
Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Eurozone Rotting to the Core; Four Possibilities; Beyond the Math
How Much Gold Is On Loan Worldwide?
Ebola's Economic Fallout Can't Be Quarantined in Africa
IMF Cuts Africa Growth Forecast Amid Ebola Virus, Insecurity
M&A Deals Fail At Highest Rate Since 2008
The Canary In Big Blue's Mainframe: Why IBM's Q3 Bust Marks A Turning Point
The Artists' Road to Serfdom: The Commoditization of Creative Content
Why Moody's Cut Russia to Two Notches above Junk
'Deflationary pressure is bearing down' on global economy
Epidemic: Countries Falling Ill from Oil Anemia
Why Italy is in Trouble.
Denmark's central bank to stop producing money
With more and more people paying with credit cards and their smartphones, Denmark's central bank Nationalbanken says it no longer pays to print banknotes or mint coins.

## Airline Death Spiral ##
Pilots extend Lufthansa strikes to long-haul flights
How Cheap Oil Could Become a Real Problem for Airlines
Hong Kong to begin using ebola questionnaire at airport
Ebola Outbreak: US Requires West African Travelers To Land At 1 Of 5 Airports

## Fault lines/flashpoints/powder kegs/military/war drums ##
Australian Ground Troops Join Fight Against ISIS After Agreement Reached With Iraq
Obama's decision to aid Kobani puts him squarely at odds with Turkey's Erdogan
Turkey relents and allows Kurdish forces to join the fight against Islamic State
Russia supports Iraq, Syria by supplying weapons, military equipment — Lavrov
Russia is supporting the governments of Iraq, Syria and other Middle East states in their fight against terrorism, including by supplying weapons to them, Russian Foreign Minister Sergey Lavrov said on Monday.
Amid New Attacks On Iraqi Shiites, Iran's Rouhani Pledges More Support To Iraqi Military In Fight Against ISIS
Islamic State Earns $800 Million a Year From Oil Sales
UK Reaper drones ready to attack Isis in Syria and Iraq
More Foreign Policy Incompetence – U.S. Humanitarian Aid is Going Directly to ISIS
Reports claim Ukraine used cluster bombs in Donetsk city
Saudis probe oil pipeline blaze
Suicide bomber kills 67 in Yemen
Quadruple car bombings kill 40 in Karbala, Iraq
Iran acts to comply with interim nuclear deal with powers: IAEA
Mexico Offers Reward, Takes Over Towns In Effort To Find Missing Students
Mission accomplished: Afghan Opium Poppies Hit Record High Despite $7 Billion US Campaign
LEAKED: What Happens to Germany if Russia Turns off the Gas
South Korea Military Command: US, Seoul Officials To Set Terms For Wartime Control Transfer
Violence Against Children Is Global Epidemic: UNICEF
The Endless Bush/Obama Gift To Iraq: Complete And Total Destruction
U.S., Japan to conduct joint military drill for island defense
Russia Deploys Troops, Robots Along Entire "2nd Middle East" Arctic Belt

## Global unrest/mob rule/angry people/torches and pitchforks ##
Not Just Democracy: Anti-Tycoon Anger Also Spurs Hong Kong Protesters
Hong Kong court bans street occupations as police warn of 'riot'
22 dead in attack on Han Chinese market in Xinjiang, report says

## Energy/resources ##
Oil prices keep going down, but this is not good news
Long-time readers will recall that after the crash of 2008, 60% of the new oil projects in the Middle East were mothballed. And unless oil prices recover soon, this will happen again. For those who still don't understand what "peak oil" means, this is a particularly good read. -- RF
U.S. Utilities Facing Fuel Shortage Problems As Winter Approaches
Some utilities have even had to resort to using trucks to deliver coal. Several power plants have partially or completely shut down operations due to a lack of fuel supply.
Kyrgyzstan Looks to Alternative Fuels Ahead of Looming Winter Shortages
Southern Kyrgyzstan has been without gas since April, when Russia's Gazprom took over the country's gas network, and neighboring Uzbekistan said it would not work with the Russians. That has forced residents in the south to use precious and expensive electricity to cook, or resort to burning dung and sometimes even furniture.
Britons Face Power Shortages As Two Nuclear Plants Cut Production
Is France's Love Affair with Nuclear Over?
Norway unable to supply extra gas to Europe: Minister
According to Aftenposten newspaper, Norwegian Energy Minister Tord Lien sent a letter to European Union officials saying that Norwegian gas will not be an adequate source for Europe if Russia cuts off gas supplies.
Nuclear Shutdowns Put Belgians and Britons on Blackout Alert
Saudi August oil exports fall to lowest in three years
Ukraine, Russia gas deal may be just enough to get through winter
Oil Workers Earning $179,000 Expose Norway to Crude Crash
Though the blessings of energy wealth have hardly turned to a curse, the industry's labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment in new projects as oil tumbles.
Sumitomo's Loss Shows Shale Isn't Booming for Everybody
Power plants seek to extend life of nuclear reactors (US)
Saudi-Kuwait oilfield shutdown may force Asian buyers to spot market-trade
A production halt at an oilfield run jointly by Saudi Arabia and Kuwait is expected to curb crude supply to Asian buyers - mainly Japanese and South Korean refiners - likely forcing them to turn to the Middle East spot market, traders said on Monday.
Oil nations brace for trouble as prices plunge
Oil, Gas Development in South China Sea Remains on Ice
Moscow: Ukraine expects the West to pay its $3.1 billion gas bill
Venezuela's Oil Industry So Clogged It Needs Historic Import from Algeria

## Got food? ##
McDonald's Gets More Expensive, Turning Off Some Diners

## Lifestyle Solutions ##
Learning From Ancient Human Cultures
Homesteading: Self-sufficient couple has lived off land for 61 years

## Environment/health ##
Ebola Outbreak Update: Cuba Sends Over 450 Health Workers To West Africa, Leading Charge
At a meeting with regional leaders on Monday, Cuba announced it will send nearly 300 more medical workers to Ebola-stricken countries, adding to the 165 workers that recently arrived in Sierra Leone. The response dwarfs the response of many other larger and wealthier nations and comes days after United Nations Secretary-General Ban Ki-moon called on the international community to step up their lackluster commitments to fight the virus.
Ebola Outbreak Opens Opportunity For Unlikely U.S.-Cuba Cooperation
The Ebola outbreak in West Africa has opened an opportunity for on-the-ground cooperation between two unlikely partners: the United States and Cuba. In recent days, officials from both countries have emerged from their frigid diplomatic relationship to hint at possibilities for working side by side.
Urgent-care clinics ill-equipped to treat Ebola
Ebola Doctors at Breaking Point: 'This Constant Feeling That the Boat's Sinking'
Untrained, Ill-Equipped US Troops Off to Fight Ebola
Photos show effects of Ebola decontamination
Sugary soft drinks may be linked to accelerated DNA ageing – study
'Major' Oil Spill Strikes Louisiana, Threatens Waterways
North Dakota Oil Spill Cleanup Continues, 1 Year After Tesoro Pipeline Rupture
Hottest September Ever Keeps Earth on Pace for Record Year
Has Prozac killed off our starlings? (UK)
Prozac and other anti-depressants in the water system could be a factor in the disappearance of starlings fro our skies, new bird study claims
Earth's magnetic field may soon flip, according to new data
Honeybees get stung by California's severe drought

## Intelligence/propaganda/security/internet/cyberwar ##
It's Not Just Spying – How the NSA Has Turned Into a Giant Profit Center for Corrupt Insiders
Virginia Police Have Been Secretively Stockpiling Private Phone Records
FBI wants Congress to mandate backdoors in tech devices to facilitate surveillance
Mortgage completions affected by BoE system crash
Germans Clear Russia in MH-17 Case
The Der Spiegel report referenced in the article can be found here. -- RF
Apple's Mac computers can automatically collect your location information
The Most 'Distrusted' News Sources In America
In bid to keep control over messages, interviews, Modi retains state media
Staples Latest Retailer Probing Possible Card Data Breach

## Systemic breakdown/collapse/unsustainability ##
Safety Watchdog Urges 4.7M Americans to Fix Air Bags
Toyota recalls 247,000 vehicles in U.S. over Takata air bags
The Failing State Next Door: The War On Drugs And Civil Order In Mexico
Politico Poll: 64% Believe America Is 'Out of Control'
Hints of anarchy (US)
Land of the Free – 1 in 3 Americans Are on File with the FBI in the U.S. Police State
In Uncharted Waters
What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends.

## Japan ##
Japan firms want government action if yen weakens: Reuters poll
Kraken to Launch Bitcoin Ops in Japan This Month
Ministry proposes lower target for food self-sufficiency to help taxpayers
Japan's new METI minister says will restart reactors deemed safe
Japanese man who 3D printed guns sentenced to two years in prison
Fukushima film shows reality sinking in for 'nuclear refugees'
September supermarket sales down for sixth month
Dept. store sales down 0.7% in Sept. for sixth straight month
Government downgrades economic assessment second straight month
Harsh working conditions persist at Fukushima plant
Japan to crack down on wealthy tax dodgers fleeing abroad

## China ##
China's Economic Growth To Slow Over Next Two Decades: Conference Board
Why Chinese Growth Forecasts Just Crashed To A Paltry 3.9% - And Are Going Even Lower - In One Chart
Debt-laden 'zombie' firms threaten China's economy
Wobegone Investors Get Fleeced Amid China's Property Slump
China may be hacking every iPhone user in the country
Hong Kong government unyielding on election reforms
Hong Kong has too many poor people to allow direct elections, leader says

## UK ##
Didcot B power plant blaze stokes blackout fears
Mark Carney launches investigation after real-time payment system crash delays house purchases
Bank of England Governor promises 'thorough, independent review' after Real Time Gross Settlement payment system, which processes £277bn a day, resumes operations after being down for 10 hours
Britain threatens Internet 'trolls' with two years in jail
Britain's five richest families worth more than poorest 20%
UK public finance worsen as borrowing rises again
Here we go again: Saharan sun could provide energy for UK homes in £8bn plan to build 100 sq km solar farm - and a very long power cable
Facebook, Twitter and YouTube told to 'automatically' hand over Isis terrorists' data
Prisoners launching 'one person riots', says watchdog

## US ##
One-third of working Americans support two-thirds of the population
The hidden figures of those not in the labor force and transfer payments.
Yellen's Clueless Comments On Inequality—-Let Them Eat 401Ks
What NCR just Said about the American Retail Quagmire
State energy plan warns of fuel shortages (NH)
Journalist Risen: 'Mercenary Class' Now Permanent Fixture in National Security State
California's drought: Getting grimmer, say experts
Friends Of Liberty Alert: Secy Robert Reich And Senator McCain Join In Universal Servitude Plan (Ron Paul)
Will Our Private Savings Be Sacrificed To Pay Down The Public Debt?
19 Very Surprising Facts About The Messed Up State Of The U.S. Economy
The Bottom 90 Percent: No Better Off Today Than in 1986
Highly educated, unemployed and tumbling down
Slave labor in America today

And finally...
Oops! Drunk woman mistakes jail for bar




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