Thursday, October 30, 2014

 

News Links, October 30-31, 2014

## Global Ponzi meltdown/House of Cards ##
As Fed Pauses Printing, Total World Debt Tops $100 Trillion
Russia Wins the Currency War, Even if it Doesn't Want to
The End Of An Era: Is The US Petrodollar Under Threat?
Globalization = Permanent Instability
Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital.
Great Graphic: Slowing of World Trade Growth and Globalization
Why We're Poorer: Inflation and Deflation Are Now Globalized
UAE builders face cash crunch of late payments, low margins
Rise in UAE residents using credit cards, loans to clear existing debts
As the cost of living continues to rises in Dubai, with inflation soaring to its highest level since May 2009, a new survey has found an increasing number of residents are using credit cards and personal loans to cover repayments on existing debts.
'A Generation Cast Aside': Child Poverty On Rise in World's Richest Countries
Back to basics...steel, not social
Can a "like" build a skyscraper? Can a "retweet" plow a farm? Does "friending" make sturdy cars? No. They do not. And the market seems to be wising up to that fact.
Microsoft cuts 3,000 jobs, rounding out July plan
At Brazil auto show, industry wonders if it can get any worse
Poverty begins to bite in Germany
Almost a sixth of the German population is living below the poverty line, according to the country's Federal Statistics Bureau. The bureau on Monday reported on its website that about 13 million people, or 16.1% of the population, earns less than 60% of the average earning of the entire population.
Merkel to End Free Driving on Autobahn by Making Non-Germans Pay
Child poverty on the rise, even in rich EU countries
A new report by the United Nations Children's Fund (UNICEF) shows that 2.6 million children have sunk below the poverty line in the world's most affluent countries since the crisis fist broke in 2008, bringing the total number of children in the developed world living in poverty to an estimated 76.5 million.
Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles
The Wrath of Draghi: First German Bank Hits Savers with 'Negative Interest Rates'
Earnings Cheating Season: Is Your Favorite Company Cooking the Books?
Riksbank cuts rates to zero and mulls currency war to fight deflation
Shadow Banking Assets Increase By $5 Trillion To Record $75 Trillion, 120% Of Global GDP
Impending Indonesian fuel hike already depressing the market
U.S. Mint Gold Coin Sales Near 60,000 Ounces In October - Swiss Gold Initiative Leading To Increase In Demand?
Russia Buys Most Gold for Reserves Since Financial Crisis of '98
Rocket explosion setback for commercial space
One year after devastating super typhoon, Philippines approves rebuilding plan

## Airline Death Spiral ##
The High Cost of Cancelled Airline Flights
Each of those 9,000 cancelled flight segments in the past 30 days cost the airlines an average of $5,770 and that runs to a total of nearly $52 million for just the past 30 days. And that's during a time of the year when the weather is not particularly nasty.
Air Malta registers €16.2 million losses
Airports, airlines disagree about raising ticket fees
Kevin Burke, CEO of Airports Council International-North America, which represents 360 airports, argued that ticket fees need to rise in order to update facilities that are an average of 40 years old nationwide.
Air France strike loss
You Pay More to Fly as Airlines Spend Less: Globetrotter
Airport security checkpoints 'bursting at the seams,' airline association chief warns

## Fault lines/flashpoints/powder kegs/military/war drums ##
Canadian jets set to strike ISIS by the weekend
Foreign Fighters Pouring Into Syria Faster Than Ever, Say Officials
Islamic State executes dozens of Sunnis who fought it in Iraqi town
Officials: US Attacks on 'Khorasan' Failed
US officials say that the September attack on "Khorasan," a US-invented term for a faction within Jabhat al-Nusra, failed even worse than previously reported, and the leaders previously reported killed actually survived.
Russia Weaponizes The Arctic: Will Build 13 Airfields And 10 Radar Stations To Meet "Unwelcome Guests"
Burkina Faso dissolves government, declares state of emergency
NATO Jets Track 'Unusual' Russian Bomber Sorties
NATO aircraft tracked Russian strategic bombers over the Atlantic and Black Sea on Wednesday and sorties of fighters over the Baltic in what the Western alliance called an unusual burst of activity at a tense time in East-West relations.
The West is shocked and insulted that the Russians have the temerity to push back. -- RF
Vietnam And India Sign Oil, Naval Agreement Amid South China Sea Disputes, Angering Beijing
Egypt places civilian infrastructure under army jurisdiction
Large parts of Egypt's civilian infrastructure have been placed under army jurisdiction, a move nominally aimed at terrorists that also makes it easier for the government to try members of the political opposition in the country's opaque military courts.
Asia Is Where the Real Trouble Is At
Afghanistan Opium Production At Record High Amid Instability, Slowing Economy And High Demand
Thousands forced from homes as Egypt clears Gaza border area after bombing
Naval cruise missile set for deployment on French warships
Netanyahu insists he is 'under attack for defending Israel' after remarks from US official
Israel Planning To Increase F-35 Buy
MH17-Chief Investigator Investigates Possibility of Air-to-Air Missile, Seeks Cooperation From Russia
Lawsuit Spotlights US Charities That Fund Israel's Secret Nuclear Weapons Program
Piracy Still A Major Issue In SE Asian Waters Despite Global Decline
China to buy 5,000 Russian air-to-air missiles: Japanese report
US Tech And Aerospace Companies Could Miss Out If Iran Sanctions Are Suspended
China calls on Japan to end jet scrambles

## Global unrest/mob rule/angry people/torches and pitchforks ##
Burkina Faso's Ouagadougou Airport Closed Amidst Protests; All Flights Canceled
The airport in Burkina Faso's capital city of Ouagadougou was shut down Thursday as thousands of anti-government demonstrators set the parliament building on fire and protested against the extension of President Blaise Compaore's 27-year rule. All flights in and out of the airport have been canceled until further notice. 
Indigenous Groups Occupy Airport Near Amazon Oil Reserves

## Energy/resources ##
How Long Can The Shale Revolution Last?
Europe Blackout Threat Looms Amid Power-Supply Risks, Study Says
The risk of blackouts in Europe will grow in the coming winter as thermal power-generating capacity has been shuttered amid the region's economic slump and a greater reliance on renewables, a study warned.
Not enough time to buy more power -- Aquino (Philippines)
Power: Nigeria loses 1,476MW to gas, water shortage
Deals Lost as 14-Hour Ghana Blackouts Threaten Economy's Growth
Hess to tap into deep Gulf of Mexico waters
Hess said Stampede represents a $6 billion investment during a period when oil prices are at historic lows.
Sweden's nuclear operators say new tax means earlier shutdowns
Russia To Revamp North Korea's Rail System, Eyes Mineral Resources
Tar Sands Resistance Blowing Huge Hole in Oil Industry's Bottom Line: Report
France on alert after mystery drones spotted over nuclear plants
Ukraine, Russia and EU have agreed gas deal, to sign shortly -sources
Europe Will Remain Dependent on Russian Natural Gas
Enhanced Oil Recovery: Can Chemical EOR Take Off?
World Crude Oil Production and the Oil Price

## Infrastructure scavenging ##
Metal thefts in Indianapolis have spiked, UIndy study says
Metal thieves target manhole covers in money-making bid
Thieves stealing fire valves in Hammond, selling for fraction of worth

## Got food? ##
WTO Says U.S. Consumers Don't Need to Know Where Meat Comes From
Local GMO Fights Smash Records as Monsanto's Millions Bankroll Opposition
Survey: Shrimp in US rife with murky labeling
Sick swine, looming transport squeeze, Ebola fears poised to send prices skyward (Japan)
Chicken Recall for Salmonella Expanded to 16 States

## Lifestyle Solutions ##
A third baby is not a bundle of joy for parents
The benefits of living in a teeny house

## Environment/health ##
Ebola outbreak: Sixty days to save West Africa
US military action against Ebola no guarantee of success, experts say
President Barack Obama has ordered as many as 4,000 U.S. troops into the epicenter of the world's largest-ever Ebola outbreak, in West Africa, but even that might not be enough to contain the disease.
Pentagon Approves Mandatory 21-Day Quarantine Of US Troops Returning From Ebola Missions
For Moment, the World Embraces the Cuba Model – and Slaps the Empire
No country or combination of nations and NGOs comes close to the speed, size and quality of Cuba's response to the Ebola crisis in West Africa.
Ebola "Turning Point" and Perspective
Bacterial contamination in cosmetics eludes public eye
Firms quietly recall thousands of contaminated cosmetics, which threaten millions with compromised immune systems
Traffic noise can threaten birds' survival
Secret of healthy ageing discovered in ground-breaking 35-year study

## Intelligence/propaganda/security/internet/cyberwar ##
Daily BS: Man who killed bin Laden to reveal his identity
How will this guy's story square with the others? Well, he's had plenty of time to make it up. -- RF
White House Cyberattack: Hackers Target Unclassified Executive Office Computer Network, Reports Say
Hong Kong Protests 2014: Authorities Policing The Web To Stop Protesters
20-Year CBS News Veteran, Sharyl Attkisson, Details Massive Censorship and Propaganda in Mainstream Media
Media Outlets 'Outraged' After FBI Caught Falsifying AP Story to Target Suspect
Terrorism, Terrorism, Terrorism: The Word That Fuels Endless War
You can run, but you can't hide: Google expands its real-world surveillance system with Google Fit
British Spies Allowed to Access U.S. Data Without a Warrant
Behind The Neocon Shrieks: What Putin Really Said At Valdai
Mind-reading device invented by scientists to eavesdrop on 'inner voice'
Google's New Computer With Human-Like Learning Abilities Will Program Itself
Why International Cybercrime Is Going To Keep Getting Worse

## Systemic breakdown/collapse/unsustainability ##
Dark Age America: Involuntary Simplicity
Chrysler recalling over 300,000 Ram trucks for fire hazard
Ford recalls 204,448 Ford and Lincoln crossovers for fire hazard
Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues
VW recalls 270,000 cars in China to fix airbags
Faulty Takata air bags may not be replaced for months
Dubai Says Boom Isn't a Bubble This Time. Really
Team Australia to pay billions for new oil-vulnerable infrastructure

## Japan ##
Wal-Mart to close 30 underperforming stores in Japan, take charge
Japan Pension Fund Will Double Local Stocks to 24%, Survey Shows
Nintendo to develop device to track sleep, fatigue
Nestle Japan hiring 1,000 robots to sell espresso machines
Renesas to slash 1,800 jobs through voluntary redundancy in January
TEPCO to postpone nuclear fuel removal at Fukushima No. 1 reactor
Survey: 52% of female breadwinners in temporary jobs live in red
Butter Crisis '14: Supermarkets nationwide apologize for empty shelves, cakes threatened

## China ##
China's Jobs Picture Not As Rosy As It Looks
Another Reason Not to Trust China's Economic Data
Hong Kong Update: China Will Punish City If Occupy Central Protests Continue, Says Former Banking Chief
The biggest risk for U.S. investors is a China crash
China shipping delivers toxic pollution cocktail-report
China is waging war on pollution, closing factories and targeting dirty coal-fired power plants, but its ports are pumping out pollution virtually unchecked, according to a report by a U.S. environmental group.
China's Property Prices May Decline Up to 10%, SouFun Says
Bad Debt At China's - And The World's - Largest Bank Surges By Most Ever

## UK ##
Take your mortgage to the grave, older borrowers told
Banks will move some interest-only borrowers to 'lifetime mortgages' that they will never repay, as hundreds of thousands face a shortfall
Britain's immigration system in chaos, MPs' report reveals
IT failures cost £1bn, 50,000 asylum seekers are missing and new backlog is building up, according to public accounts committee
Payday loan brokers regularly raid bank accounts of poor customers
A new breed of payday loan brokers are making as many as 1m attempts per month to raid the bank accounts of some of the poorest members of society.
Wind turbines have killed more birds of prey than persecution this year
Hundreds of birds of prey are being shot or poisoned in UK
Plans for street lights switch-off in Leeds suburb 'barmy'
Streetlights set to be switched off across the Vale
British Spy Agency: We Don't Need Warrant for Americans' Data. We Have 'Arrangements'

## US ##
Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"
Fed Issues Surreptitious Payments to Bank Welfare Queens At Taxpayer Expense
Video of the Day – Black Activists in Chicago Attack Black Leaders and the Democratic Party
NASA down to one commercial supplier to ISS
Detroit's 'Blight Bundle' of 6,000 Foreclosures Goes to a Casino Developer
The American Dream Going Bust – in One Chart
Social Security Disability Will Go Bust In 2016—-Unless Work Incentives Are Restored
States Where Poverty Is Worse Than You Think
Good Riddance To QE—-It Was Just Plain Financial Fraud
Autopsy: Police shot black man with sword in back
No, he did not have a sword in his back; he was shot in the back. -- RF
Video of the Day – Watch as 8 Police Officers Fire 46 Shots and Kill a Homeless Man in Broad Daylight
Americans may still see some Ebola cases, Obama says
More Than 2 Million License Plates Scanned at Mall Of America in Past 90 Days
Meet "OSHbot" Lowes New Store Helper; Goodbye Retail Associates, Hello Robots
L.A. area has many freeways that stayed on the drawing board
Is going to college worth it?
College tuition has increased at a faster rate than housing, energy, food, and medical care costs over the last decade.
90 Pounds of Cocaine Found on Cargo Ship Owned by Senate Majority Leader Mitch McConnell's Father-in-Law
Baltimore cop charged in bus stop beating that was caught on camera
Judge approves California city's bankruptcy plan
NY to discuss power capacity, infrastructure with U.S. regulators
Zombie foreclosures rise in 16 states and 60 metro areas
Q3 GDP Rises 3.5% Despite Sharp Slowdown In Consumption, Pushed Higher By Government Spending Spree
New American Dream: Rented Housing and Public Transit

And finally...
Father pelts mother-in-law with eggs outside court
Study: Rock stars really do die young(er)
Man steals double decker London bus, goes on seven mile joyride




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