Tuesday, October 28, 2014


News Links, October 28-29, 2014

## Global Ponzi meltdown/House of Cards ##
German Business Morale Weakens At Lowest Level In Almost 2 Years
Why Germany's households are more fragile than you think
El-Erian: "Europe Is One or Two Rounds of Sanctions From Recession"; El-Erian Far Too Optimistic
Stock markets threatened by collapse in Chinese consumer demand
The capitulation of the Chinese consumer threatens to drag stock markets around the world into a death spiral as one of the pillars of global growth is undermined.
Another Unbelievable Stress-Free Test; Whitewash Math and Deferred Tax Assets
In an effort to fool the public into believing the latest round of bank stress tests were actually designed to find stress, the ECB found 25 scapegoats, with the biggest losers in Italy and Greece.
Iran mulling currency side step
Using national currencies for trade deals between Iran and Russia is high on the list of items to be discussed during upcoming talks, an Iranian lawmaker said.
Italian banks hit hard by European test results
Forget "Free Trade"--Focus on Capital Flows
Where is the "free trade" in a world in which the comparative advantage is always held by mobile capital? And what gives mobile capital its essentially unlimited leverage? Central banks issuing trillions of dollars in nearly-free money to banks and other financial institutions that funnel the free cash to corporations and financiers, who can then roam the world snapping up assets and arbitraging global imbalances with nearly-free money.
Europe's Glacial Growth Lowers Prospects for Job Seekers 
Pump and Dump: How to Rig the Entire IPO Market Without Raising ANY Money
Europe's bank test celebrations mask mounting challenges
Why Do Banks Want Our Deposits? Hint: It's Not to Make Loans.
Ukraine unlikely to receive IMF loan tranche this year - finance minister
Total War over the Petrodollar
A meditation on the circumstances surrounding the death of Total SA's chief executive, Christophe de Margerie. -- RF
The European Central Bank Embarks on Asset Purchases
These three charts show McDonald's biggest problem

## Airline Death Spiral ##
Dutch arm of Air France-KLM to shed 7,500 jobs: report
Fuel costs weighed on JAL's first-half operating profit
Airplanes of the future are windowless

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kobani Death Toll Crosses 800 As Kurds Await Reinforcements From Iraq
Pakistan experts expect more defections to the Islamic State
Suicide bomber in Iraq kills 27 Shi'ite militiamen near Baghdad: police
Syria Says Providing Military Support to Kurds in Kobani
Afghanistan looks to China as US troop withdrawal continues
Afghanistan has requested assistance from the Shanghai Cooperation Organization in its fight against the Taliban, according to an Oct. 24 report from Duowei News, a media outlet operated by overseas Chinese.
Poland to move 1000s of troops toward eastern border
Pakistan and Iran exchange mortar fire on border
India to build 6 submarines
U.S. may join Japan-Aussie sub project
Saab finalizes $5.4 billion Brazil order for 36 fighter jets
Israel's Iron Dome Missile Defense System To Be Altered For Use At Sea
Netanyahu to expedite plans for 1,000 new settler homes
Mexico Arrests Four Gang Members, Uncovers New Mass Grave In Search For Missing Students
Saudi Arabia Sentences 3 Lawyers to Jail for Tweets
Scientists spot Russian sub in Arctic Ocean
Israel's ranked as Middle East's best military
Saudi Arabia carries out 61st execution of 2014
Libya near 'point of no return', U.N. says as fighting toll rises

## Global unrest/mob rule/angry people/torches and pitchforks ##
Cologne Hooligan Riot: Alleged Neo-Nazis Clash With German Police In Anti-Salafism Demonstration
African Boys Attacked at Bronx School, Called "Ebola": Advocacy Group
Italians Rally in Rome to Protest Renzi's Labor Rules Change
Do Hong Kongers Think The US Is Behind Occupy Protests?
It would be naive to think that the US is not somehow involved. Perhaps not pulling the strings, but stirring the pot to facilitate unrest, thereby creating a headache for China. -- RF
Holding Computers Aloft, Thousands March in Budapest Against Anti-Democratic Internet Tax
Demonstrators oppose state secrecy law (Japan)

## Energy/resources ##
Fracking, a 'False Premise' that manufactures 'False Promises'
Ukraine Facing Harsh Winter Due To Coal Shortages
Big changes in US heating oil (Platts video)
Sulfur levels used in heating oil in the US Northeast are tightening and about to get tighter. Some of these new restrictions requiring states to cut the maximum sulfur content in home heating oil by 75% will be in full force this winter. John Kingston, director of news, and David Henry, associate editor, US diesels, discuss how the restrictions could affect distribution companies and the potential affect of a supply squeeze on diesel.
WTI falls below $80 per barrel, Brent sheds gains
Solar Struggles To Compete With Other Renewables On Cost
Why Oil Prices Are About To Settle
Low oil prices threaten Norway's Arctic, UK's mature fields
Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.
Copper Surges After Report Mysterious London Buyer Has Cornered Up To 90% Of Market
Shell may abandon Arctic drilling plans without lease extension: letter
A variety of unanticipated delays may force Shell to abandon its roughly $6 billion venture in Arctic waters if the Obama administration does not extend its leases by five more years, according to a company letter made public this week.
Maersk: Drilling Industry Dip Could Last Into 2016

## Infrastructure scavenging ##
Don't Park Tractors in Houston, Equipment Theft Capital

## Got food? ##
Warm autumn hits fruit prices as too much is produced (UK)
Shashe farmers demonstrate practical food sovereignty

## Lifestyle Solutions ##
Own Physical Gold and/or Silver? Here Are Some Ideas On How To Store/Hide It

## Environment/health ##
Liberia tightens anti-Ebola rules at seaports
Australia bans travel from Ebola-hit countries; U.S. isolates troops
BP Oil Spill Left Rhode Island-Sized 'Bathtub Ring' on Seafloor
New research shows that the BP oil spill left an oily "bathtub ring" on the sea floor that's about the size of Rhode Island. The study by UC Santa Barbara's David Valentine, the chief scientist on the federal damage assessment research ships, estimates that about 10 million gallons of oil coagulated on the floor of the Gulf of Mexico around the damaged Deepwater Horizons oil rig.
Colorado researchers working on Ebola vaccine for military
U.S. Army Troops Returning From Ebola Zones Held 21 Days
Surge In Hydroelectricity Could Spell Disaster For Biodiversity
European researchers say an unprecedented surge in the construction of hydropower dams around the world could double renewable electricity generation, but potentially at the expense of freshwater wildlife.
Syringes are now currency in heroin-addicted Myanmar
Facing Imminent Extinction, African Lions Demand Federal Protection, say Officials

## Intelligence/propaganda/security/internet/cyberwar ##
Former CBS Reporter Accuses Government of Secretly Planting Classified Docs on Her Computer
'Blimp in a Box' Deployed in Search for Cop-Killer Suspect Eric Frein
Unique ID May Follow Some Verizon Wireless Customers Online
US official urges allies to combat IS ideology
Payment Wars: How Merchants And Carriers Are Trying To Block Payment Systems They Can't Track
The wearable technology future is coming, and it sounds pretty awful
FBI Raids Federal Contractor's Home – Has the Government Identified the "Second Leaker"?
More "War on Terror" Abuses – Spying Powers Are Used for Terrorism Only 0.5% of the Time
FBI Created Fake Seattle News Story to Catch Bomb Threat Suspect
Report Reveals Wider Tracking of Mail in US
In a rare public accounting of its mass surveillance program, the United States Postal Service reported that it approved nearly 50,000 requests last year from law enforcement agencies and its own internal inspection unit to secretly monitor the mail of Americans for use in criminal and national security investigations.
Homeland Security steps up protection at federal buildings
Feds introduce new anti-terrorism bill (Canada)
Cyber breaches put 18.5 million Californians' data at risk in 2013: report
How the Washington Press Turned Bad
There was a time when the Washington press corps prided itself on holding the powerful accountable – Pentagon Papers, Watergate, Vietnam War – but those days are long gone, replaced by a malleable media that puts its cozy relations with insiders ahead of the public interest.
Ed Snowden Taught Me To Smuggle Secrets Past Incredible Danger. Now I Teach You.

## Systemic breakdown/collapse/unsustainability ##
Post-peak Italy: the decline continues
Italy is in full collapse, with all economic and financial indicators in decline. Industries are closing down and restaurants are opening; the system is trying to adapt by tapping the remaining available resources in the form of foreign tourists.
The SUV goes from All-American to global star
US States Slashing Education Spending
State-level K-12 education spending has fallen dramatically in many states since 2008. In that time, 29 states cut per pupil spending, shifting the burden of financing education to local school districts and, in many instances, forcing schools to cut costs and even teachers.

## Japan ##
Despite Worrisome Volcano Warning, Nuclear Restart Approved for Japanese Plant
JR Hokkaido found to have ignored 260 track irregularities
Radioactive soil stored at Fukushima schools not covered by recent disposal law, has nowhere to go
Down and out in upscale Japan
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
Strong earnings no longer a magic wand for Japanese companies
Japan to create cabinet post for Tokyo Olympics
Takata air bag crisis 'has roots in rapid global expansion'
Ebola likely to necessitate biosafety facility's activation

## China ##
China "Ghost Town Index" - Here Are China's 10 "Ghastliest" Cities
Beijing Tells Its Residents to Leave Town Ahead of APEC Summit
Online financing, rising costs squeeze profits at China's midsize banks
Ebola Outbreak In China Is A Likely Scenario As A Result Of Chinese Workers In Africa: Expert
China's oil demand setting records
China Fake Invoice Evidence Mounts as HK Figures Diverge
One reason China's housing market collapse will get even uglier: home ownership is already 87%
A Chinese Soft-Landing Will Inevitably Lead To A "Very Brutal Hard Landing", Pettis Warns
China says more heavy smog expected ahead of APEC summit
China aims to reform military, online media
China will more closely manage its military and increase online limitations, a meeting of its Communist Party indicated Tuesday.
China announces plans to set up anti-terrorism intelligence system
Chinese Communist Party Members Urged to Abstain From Mahjong, Other 'Small Thrills'

## UK ##
Britain faces tight power supply this winter-National Grid
Lack of wind or nuclear problems 'could wipe out UK's spare power capacity'
Household lights could be dimmed this winter if wind doesn't blow and nuclear    plants stay offline - despite new emergency measures to prevent blackouts, experts warn
Study questions British wind energy resilience
Rising numbers of GPs turfing patients off lists

## US ##
Getting More Likely Jeb Bush Will Seek Presidency, Son Says
Durable Goods Decline Second Month; Key Take-Aways
How Will The Stock Market React To The End Of Quantitative Easing?
We Don't Have One Problem--We Have Three Interlocking Sets of Problems
The additional sets of problems added as "solutions" only guarantee that the third and final crash of asset bubbles just ahead will be far more devastating than the crashes of 2000 and 2009.
To Protect and Perve – California Cops Share Nude Photos Stolen from Citizens' Cellphones
Sheriff defends using officers, armored truck in seizure
Marathon County authorities acted appropriately when they sent two dozen officers and an armored vehicle to seize property from an elderly couple in the town of Stettin, Sheriff Scott Parks said Monday in response to critics.
Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers
Does This Look Like A Housing Recovery To You?
New Home Prices Plunge the Worst EVER (in One Ugly Chart)
Cities Rebel Against Federal Immigration Enforcement Programs
A growing number of U.S. cities are rebelling loudly and clearly against a federal program designed to streamline the deportation of immigrants in the criminal justice system. From Miami to San Diego to Chicago, cities are simply refusing to hand over immigrants to federal authorities unless there is a court order for their arrest.
One Percenters Drop Six Figures at Long Island Mall
At Americana Manhasset, the salespeople know your closet better than you do. They call designers in Paris or Milan to find the perfect little black dress. They deliver soup when you're ill.
America Secretly Recruited Thousands Of Nazis As Cold War "Assets"
Guess How Much Americans Plan To Spend On Christmas And Halloween This Year…
"Stop Thanking Me for My Service" – Former U.S. Army Ranger Blasts American Foreign Policy and The Corporate State
Woman asked to stop breast-feeding in OB-GYN office
Official: Deputy not wrong to point gun at 2 men
15 Signs That We Live During A Time Of Rampant Government Paranoia
Time Warner's HBO to cut 7 percent of staff
Rental rates are outpacing wage growth: What are the implications of rising rents when wages are simply not keeping up?
Here Is The Reason For The Surge In Consumer Confidence
What's Keeping Americans From Buying Homes? Try College Debt
Scared of the Stock Market? Try Investing in Consumer Debt

And finally...
Caught on Camera: 'China's Worst Driver'
NBC News Man was dubbed by Chinese media as "China's worst driver" after numerous failed attempts to back out of a parking spot are caught on camera.
'Hello Kitty' arrested on drunken driving charge

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