Tuesday, October 07, 2014


News Links, October 7-8, 2014

## Global Ponzi meltdown/House of Cards ##
World Bank Cuts Growth Forecast For East Asian Economies, China
IMF cuts growth outlook, warns on euro zone, Japan
S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts
ECB becoming 'junk bank' under Draghi: Merkel ally
This Chart Shows How Plunging German Factory Orders Sink the Economy
German Factory Orders Slump 5.7%, Most Since January 2009
Turner Broadcasting to cut 1,475 jobs
Yahoo cuts 400 jobs in India, about 3% of global staff: Report
Hewlett-Packard to split into two public companies, lay off 5,000
HP Increases Layoffs AGAIN To 55,000, And More Cuts Are Likely
Cut, baby, cut! -- RF
H-P's split-up plan shows financial engineering still feeds the bull
Hewlett-Packard's split up won't save Hewlett Packard
SWIFT Rejects Pressure to Block Russia, Israel From Its Network
All Clear for Junk Bonds?! Key Questions of the Day
Even Mickey Mouse can't ride out Europe's ailing economy
Samsung Electronics third-quarter profits plunge
Commodity Signals Flashing Red
The Critical Difference Between Rentier Wealth and Wealth Creation
If you want to understand why our economy is stagnating and wealth inequality is rising, look at the rise of rentier skims and the resulting decline in wealth creation.
One in three jobs will be taken by software or robots by 2025
Somalia's first cash machine opens in Mogadishu
Now that's progress! -- RF

## Airline Death Spiral ##
Britain's Virgin Atlantic to shut Little Red domestic services
Ebola Screening at U.S. Airports Under Consideration
What Non-Ticket Fees Mean to Airline Profits

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kobane Could Fall To Islamic State, Ground Troops Needed At Border Town, Says Turkish President Erdogan
ISIS Waves Black Flags of Victory Over Kobani; US Strategy in Ruins; Where Does ISIS Get Funding?
NATO: We'll Protect Turkey if ISIS Battle Spills Over Syria Border
'Boots in the air': U.S. helicopters return to combat in Iraq for first time
Report: Islamic State fights in Syria, Iraq with arms produced worldwide
Where Does ISIS Get Its Ammunition? New Report Finds Arms Manufactured in Over 20 Countries [MAP]
Humbled Biden apologizes to UAE after accusing it of terrorism funding
Additional Canadian troops deployed in Iraq
Washington's 30-Years War In The Middle East—-A Legacy Of Destruction, Anarchy And Terror
Leon Panetta, Head of Pentagon and C.I.A. Under Obama, Says Brace for 30 Year War with ISIS
'Grave concerns' over Gibraltar incursion by Spanish ship
Ron Paul On The Lesson Of Afghanistan: Invasion And Occupation Always Fail
NATO can put troops wherever it wants, new secretary-general says
Obama Threatens More Sanctions Against Zimbabwe Over Russian-Platinum Deal
War! What Is It Good For? (Hint: These 4 Companies)
The US Has Spent Tens of Millions of Dollars Fighting Pirates, and It Still Failed
Mexico confronts reports that police helped massacre 43 students
Mexico federal police take over city after attacks
South, North Korea ships fire shots at disputed sea border

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong Protests Fizzle Amid Talks Between Demonstration Leaders, Government Officials
Ferguson remains on edge as 4-day protest looms
Activists Block Refinery Gates in Stand Against Tar Sands (Canada)

## Energy/resources ##
WSJ Gets it Wrong on "Why Peak Oil Predictions Haven't Come True"
US oil firm eyes sale of UK asset while Brent price falls continue
As global oil futures tumble, U.S. cash crude traders ask: What glut?
An unusual disconnect has emerged in the U.S. oil market, with headline futures slumping to levels below $90 a barrel even as traders in the physical crude market report surprisingly robust demand and strong pricing.
Clean coal: Carbon capture's energy penalty problem
Brazil study sees 30 ethanol mills near bankruptcy
Irony alert: Yergin gets award named after peak oil realist Schlesinger
The 10 Worst Energy-Related Disasters Of Modern Times
Slovakia says it could seek EU compensation over Russian gas shortfall
Eni Review Raises Questions about 'Age of Gas'
A review of the global oil and gas industry by Italian oil major Eni has raised a question mark over whether the world is about to enter a  so-called "Age of Gas", with data showing that growth in oil consumption worldwide far outstripped growth in gas consumption last year.
France to weigh costs of maintaining older plants in nuclear policy
France's energy minister said on Sunday that the cost of maintaining older reactors would be factored into any decision on the future size of its large and aging nuclear power fleet.
Fresh Cracks Found in UK Nuclear Plant
Areva cuts capex, plans disposals as rating downgrade looms
Gazprom ready to more than double Russia's gas supplies to China — CEO
Kazakhstan gives go-ahead to Chevron-led oil expansion despite costs

## Got food? ##
Why 'Food 2.0' is tech's next big start-up craze
U.S. farmers latest to sue Syngenta over GMO corn rejected by China
Small Farmers of the World Being Crushed by Lavish Subsidies in Wealthy Nations
It's the small farmers who will feed us as industrial agriculture crumbles. -- RF

## Lifestyle Solutions ##
'Green burials' are on the rise as baby boomers plan for their future, and funerals

## Environment/health ##
First Ebola case contracted outside Africa: Officials
A nurse in Spain has become the first person to contract the potentially deadly Ebola virus outside of West Africa in the latest epidemic, the worst on record, authorities said Monday.
Spain Warns "Something Went Wrong" As Suspected Ebola Cases Rise In Madrid
Ebola Outbreak: India Monitoring Possible New Ebola Victim From Japan
Nurses to CDC: Wrong. US Hospitals Not Prepared for Ebola
Fast-tracking an Ebola vaccine may prove too slow
U.S. working on new screenings for Ebola but no travel ban
Coast Guard Sector Issues New Ebola Protocol
Sierra Leone records 121 Ebola deaths in a single day
CDC to announce new Ebola screening measures
Bill for Ebola Adds Up as Care Costs $1,000 an Hour
There Will Be Pestilences: Why Are So Many Deadly Diseases Breaking Out All Over The Globe Right Now?
Millions of Cases of Dengue Fever Are Going Unreported in India
Global warming's effect on oceans is greater than realized, researchers say
Doctors Target Virus as Link to Solve Polio-Like Illness
Humanity Failing the Earth's Ecosystems

## Intelligence/propaganda/security/internet/cyberwar ##
New York Quickly Nixes Cellphone Tracking Devices in Phone Booths
FBI Director Warns of 'Khorasan' Threat
Stephen King – "The World Is Starting To Look Like Orwell's 1984″ (video)
Nation's largest US bond insurer MBIA says client data may have been breached
Nine Terror Groups Gunning for the United States
Hide under your bed! -- RF
Popular electricity smart meters in Spain can be hacked, researchers say
Twitter sues US Department of Justice and FBI over right to disclose surveillance requests
Drug agency sued over its fake Facebook account
Yahoo just sacked nearly all of its engineers in India

## Systemic breakdown/collapse/unsustainability ##
Crony Capitalism Is Kryptonite to Democracy and the Real Economy
Vast financial crimes are met with fines. Guilty parties do not go to jail but rather the corporation pays a fine. Billion-dollar crimes are assessed million-dollar fines-- a percentage that closely mirrors a Tribute System. The government makes money through enforcement but not prevention. Corporations make illicit fortunes with the confidence that the government will settle for a small slice of the wealth stripmined from the people.
Chrysler recalls 21,470 commercial vans
Preparing for the Apocalypse Is Turning Into a Huge Business

## Japan ##
Abe says technology can solve society's problems
1st dengue case outside Tokyo area reported
Risks to 'Abenomics' growing, whether Abe raises tax or not
McDonald's Japan warns of first net loss in 11 years
Japan Admits It Has Entered A Triple-Dip Recession

## China ##
China slowing, World Bank says
China banking crisis? Here's what it might look like

## UK ##
Retirement age to rise by as much as six months per year
The pensions minister, Steve Webb, says Britons must accept dramatically longer working lives to avoid a health care funding crisis
Scotland fires over British energy bow
Scotland's largest power station is getting "priced out of the market" at a time when power is needed most, the Scottish energy minister said Monday.
Farmers fear fracking could spell financial ruin
Cracks discovered in nuclear reactor at Hunterston power station
National Crime Agency director general: UK snooping powers are too weak
Britons must accept a greater loss of digital freedoms in return for greater safety from serious criminals and terrorists in the internet age, according to the country's top law enforcement officer.

## US ##
Shrinking Deficit? Ha! US Government Debt Jumps by $1.1 Trillion in Fiscal Year
Inside September's "Born Again" Jobs Report
US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt
Revealing Look at Hours Worked and the Number of Employees Working Those Hours
"Common People Do Not Carry This Much U.S. Currency…" – This is How Police Justify Stealing American Citizens' Money
New Dating App Caters to Rich by Weeding Out the Poor
A new dating app called Luxy matches wealthy singles...to wealthy singles. It describes itself as "Tinder, minus the poor people."
Burdened with Record Amount of Debt, Graduates Delay Marriage
Student And Car Debt Exponential; Credit Card Debt Declines
The Sears Turnaround Even Worse Than J.C. Penney
Credit Bubble Begins to Exact its Pound of Flesh: GT Advanced Tech Soars, Crashes, and Burns
JC Penney will close more stores: Analysts
Detroit Still Selling $1,000 Houses
All Supply of the $1,200 Machine for Making Guns Has Sold Out in 36 Hours
5 things to know about Pentagon giveaway program
Even an Ozarks coroner gets surplus military guns
What Bubble? Record $924 Billion In 65 Million Auto Loans: 31% Of All New Loans Are Subprime
The new subprime is in auto loans: One third of all new auto loans are of the subprime variety.
Repossessions are up 70 percent because people simply can't make their auto payments. What do you expect when you are pumping out subprime debt trying to churn more sales on marginal buyers?
Here's Why the Student Loan Crisis Is Far From Over
Baltimore releases plan to curb police brutality
Ghostly Buildings Haunt New York's Catskills (gallery)

And finally...
Pot Brownies Rank Highest In Colorado Marijuana Edibles Survey
Couple sentenced for having sex in cop car

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