Thursday, November 13, 2014


News Links, November 13-14, 2014

## Global Ponzi meltdown/House of Cards ##
Spreading deflation across East Asia threatens fresh debt crisis
Factory gate prices are falling in China, Korea, Thailand, the Philippines, Taiwan and Singapore. Some 82pc of the items in the producer price basket are deflating in China. The figures is 90pc in Thailand, and 97pc in Singapore. These include machinery, telecommunications, and electrical equipment, as well as commodities.
Next Phase in Currency Wars: Yen Plunge, Yuan Devaluation, and "Tidal Wave of Westbound Deflation"
Why the Rising U.S. Dollar Could Destabilize the Global Financial System
Ukraine economy in 'free fall,' banking group says
Marc 'Dr. Doom' Faber: I will soon be proven right
U.S. Companies Now Stashing $2 Trillion Overseas
Here Comes The Surplus Chinese Steel Flood: It's Massive Malinvestment Will Deflate The Entire Global Economy
Singapore to Face Fire Sales With Home Curbs, Developer Says
Singapore's housing market may face "fire sales" with mortgage defaults as the government's property curbs hurt home sales and prices, the city-state's second-biggest developer said.
Kazakhstan To Use National Fund For Oil Price Damage Limitation
Mega Banks Are Fined for Foreign Exchange Rigging – Now It's Back To "Business as Usual"
S&P to surpass 2,100 this year: Fundstrat's Tom Lee
U.S. firms lower China expectations as growth slows, scrutiny rises
Banker Enclave Rises as Poor Kicked Out of Sydney Harbor Homes
Russia to launch alternative to SWIFT bank transaction system in spring 2015
Russia Invests In Gold, Buys 55 Metric Tons To Brace Central Bank
Jim Rogers: By the end of this decade US dollar will lose world dominance
Europe's Next Energy Crisis Is Now Assured
Today, Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It's now increasingly clear that 2018 will mark the beginning of the end for any hopes Europe had of returning to robust economic growth.
Obama's Secret Treaty Would Be The Most Important Step Toward A One World Economic System
Venezuelan Bonds Are Collapsing, FinMin Denies Devaluation Looming
India's plan to stop importing coal deals another blow to Australia
Korean Officials Under Fire After Mentioning a Tax on Being Single

## Airline Death Spiral ##
Drone sightings up dramatically
Bankrupt SAA told to hire recovery experts
Air Berlin PLC share price down, revenue falls as it warns of wider net loss
PeoplExpress Faces Eviction from Newport News Airport
If fuel costs are lower, what's keeping air fares sky-high?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian planes to patrol Caribbean, Gulf of Mexico
NATO Jets Intercept Russia Military Plane Over Baltics
Spike in Russian military activity is about more than Ukraine
United Nations holds emergency meeting on Russian military presence in Ukraine
Ukraine redeploys troops, fearing new rebel offensive
Government in Kyiv promises land to ATO fighters
Media Blackout as U.S. Sponsors Genocide in Southeastern Ukraine
When Henry Kissinger Makes Sense
Former Secretary of State Henry Kissinger disputes the mainstream U.S. media's view of the Ukraine crisis, noting that Russia's response was reactive to the West's actions, not the other way around. But the MSM keeps up the drumbeat about Russian "aggression."
Islamic State leader issues new speech, ending talk he'd been killed
Special Report: The fighters of Iraq who answer to Iran
Iraqi forces advance in bid for Baiji refinery
US Gen. Dempsey Says Coalition Needs Ground Troops To Take Back Mosul From ISIS
Islamic State Money: ISIS To Mint Its Own Currency And Create 'Financial System'
Afghanistan Opium Crop Hits New High, More Than $850 Million Worth Sold
China Shows Off New Stealth Fighter to U.S. Military
US Torture Policies Under Investigation By UN Panel For Black Sites And Areas Outside Sovereign Territory
French Parliament To Vote On Recognizing Palestine As A State
At least 33 dead in Yemeni clashes, U.S. drone kills seven
Russia offers Argentina cooperation in oil, metallurgical, atomic energy sectors
Israeli Government To Refuse Entry to UN Team Investigating War Crimes in Gaza
U.S., Russia agree that Iran nuclear deal must be reached 'quickly'
Weapons that Choose Their Own Kill Targets are Wave of Future…and Already in Use

## Global unrest/mob rule/angry people/torches and pitchforks ##
Missouri national guard on standby for Michael Brown grand jury decision
Ferguson Gun Sales Soar As City Awaits Grand Jury's Decision Over Michael Brown's Death
Mo. protesters create wedding registry for supplies
Riot police raid Japan university
Greek riot police, protesters clash in Athens
10 countries vulnerable to extreme civil unrest
Parents of Missing Students Say Civil Unrest Will Increase (Mexico)
IDF Central Command Head Says Unrest Will Get Worse
Riot police deployed after violence against refugees in Rome
Navy responds after sailors attacked in Turkey
Police disperse Sidon industrial workers protesting blackout (Lebanon)

## Energy/resources ##
Subsea 7 may cut fleet as fall in oil price hits orders
If WTI Drops To $60, It Will "Trigger A Broader HY Market Default Cycle", Says Deutsche
Shale Boom Masks Multiple Threats to World Oil Supply, IEA Says
The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.
How Low Can the Price of Oil Plunge?
There's a lot of money being lost in oil, and also in gas. Which means that debt keeps piling up. As the author points out, prices could keep declining. In the end, who's going to pay all that debt? -- RF
US crude tumbles, settles at lowest level since Sept. 2010
OPEC cuts its oil output, and then Libya cuts it more
Saudi Arabia Aims at US Fracking Industry, Hits Its Own Foot
Tullow latest to cut back in bear oil market
London-based energy company Tullow Oil said Wednesday it's joining the list of companies reviewing its cost base in response to lower crude oil prices.
Germany's E.ON hit by weak rouble, industry crisis
Norway Embraces Chinese Cash in Race for Arctic Energy Riches
IEA World Energy Outlook Worries About Political Stability, Investment
Shell Says Most Focused On Deep Water Oil Projects In Mexico
Baghdad and Iraqi Kurdistan Reach Agreement On Contentious Oil Deal, Exports Still In Kurdish Control
Russia To Build As Many As Eight Nuclear Power Plants For Iran
Given the state of the world nuclear power industry, it is fair to ask if any of them will actually be built. -- RF
Russia gas flows still frozen; Ukraine banks on mild weather to hold out
Egypt says to repay debts to foreign oil companies within six months

## Infrastructure scavenging ##
Cleveland metal theft reaching new peak, city property and businesses new targets

## Got food? ##
Milk production could fall - Fonterra (NZ)
China Modern Dairy Plunges as Government Probes Cow TB
Chinese authorities are probing reports a unit of China Modern Dairy Holdings Ltd. (1117) sold milk cows that tested positive for tuberculosis, the latest food scandal to hit the country, sending shares of the raw-milk producer to the lowest in more than a year.
EU moves step closer to law on national GMO crop bans
EU politicians on Tuesday backed a plan to allow nations to ban genetically modified crops on their soil even if they are given approval to be grown in the European Union, raising the chance their use will remain limited on the continent.
Guide to Root Cellars
Monsanto, Dow Chemical unit sue Maui County to stop law passed by voters that bans GMO growing

## Lifestyle Solutions ##
Researchers: Western lifestyle threatens health and the environment
The Youth Are Our Future – The Challenges of Raising Free Thinking Minds

## Environment/health ##
WHO says more than 5,000 have now died of Ebola
Mali quarantines dozens as second Ebola outbreak spreads in country
The last Ebola-free district in Sierra Leone is now an Ebola 'hotspot'
U.S. nurses hold strikes, protests over Ebola measures
Pentagon cuts planned Africa Ebola deployment by 25 percent
The U.S. military said Wednesday it would deploy 25 percent fewer U.S. troops to fight Ebola in West Africa than originally projected, but said the cut wasn't evidence that the crisis was under control.
Liberia president to end Ebola state of emergency
Lightning Joins the List of Things Climate Change Is Making Worse
Global Warming to Worsen Global 'Dead Zones': Study
Pesticides blamed for clinical depression in farmers
4.8-Magnitude Earthquake Rattles Kansas and Leaves Minor Damage
Scientists Find Signs of Toxic Flame Retardants in Americans
Report: Car emissions higher than predicted
Cars are not as fuel efficient and environmentally friendly as officially described by the carmakers, a Transport and Environment (T&E) report has found. The reality is different due to flaws in the testing system.

## Intelligence/propaganda/security/internet/cyberwar ##
Why the Pentagon Dreads the "Sale" of IBM's Chip Business
Inserting a few thousand additional logic gates into a design with hundreds of millions of gates is not particularly difficult. This means a foreign power could, theoretically, insert a hardware backdoor into the chip that would be almost impossible to detect.
Navy SEAL thought 'we're going to die' at bin Laden raid
Oh, brother! -- RF
Chinese hack U.S. weather systems, satellite network
Google ad server crashes, costing publishers millions
Canadians are hooked: Time spent online nearly doubles as mobile devices and streaming videos eat up hours
Son of Stuxnet: The Digital Hunt for Duqu, a Dangerous and Cunning U.S.-Israeli Spy Virus
Hacker Wars: Companies Fight Back With Counter-Intelligence
Americans' Cellphones Targeted in Secret U.S. Spy Program

## Systemic breakdown/collapse/unsustainability ##
The Olduvai cliff: are the lights going out already?
What the Economy Has Done to the Family
Inside Yas Mall: Building of the UAE's latest retail attraction
Described as the 'missing piece of the Yas Island jigsaw puzzle', stakeholders hope the now-complete Yas Mall will join the island's theme park, beach and golf course to make it Abu Dhabi's go-to entertainment destination.
GM: Parts ready to fix SUVs that can catch fire
Honda discloses fifth Takata air bag-linked fatality, widens recall
The Economic End Game Explained
Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall.
Western Militaries Complain of Strained Budgets After Busy Year
Dark Age America: The Hoard of the Nibelungs

## Japan ##
Japan's Fiscal Calamity Intensifies—-Consumption Tax Delay Shows It Will Never Staunch Its Deficit Hemorrhage
Takata Chairman a No-Show as Air Bag Crisis Deepens
Japan firms overwhelmingly want Abe to delay tax hike - Reuters poll
Japan moving to delay sales tax hike
Riot police raid Kyoto University after 3 activists arrested
Toshiba Factory Shifts from Floppy Disks to Crunchy Veggies
I stick with my prediction that vegetable factories do not have a future. -- RF
Hackers using luxury hotels in Japan to target execs, software firm says
Private, public subsidies to make hydrogen as cheap as gasoline
Waste of money. -- RF
Japan's Oct. business failures drop 16.6%
The number of corporate bankruptcies in Japan in October dropped 16.6 percent from a year earlier to 800, the lowest for the month since 1990, due mainly to continued monetary support by the government and financial institutions for cash-strapped small and midsize firms, a credit research agency said Tuesday.
Get ready for the next wave of bankruptcies. -- RF
Kansai Electric mulling operation of 2 Takahama reactors beyond 40 yrs
Nuclear cleanup at Fukushima plant stymied by water woes
Oct. consumer electronics sales slump 6.8%
Municipal leaders eager to get a piece of the casino gambling action

## China ##
China Seen Overtaking U.S. as World's Biggest Oil User
China's Latest Ghost Town: A $50 Billion Fake Replica Of Manhattan
Falling iron ore prices see big drop in capacity utilization in China
China hit by further signs of economic slowdown

## UK ##
Bank of England warns inflation could drop below 1%
The Bank of England has warned that inflation could fall below 1% in the next six months, owing to lower food, energy and import prices, as well as feeble growth in Europe and elsewhere.
Controversial street lights turn off continues
British government funding so-called shale colleges
Full-time employee jobs account for only one in 40 created since recession

## US ##
The modern day Gilded Age of wealth: Top 0.1 percent now have more wealth than bottom 90 percent.
Which Cities/States Will Be the First to Default When the Economy Rolls Over?
U.S. oil bubble bursts by 2020s, IEA warns
Bank branches slowly fading away in neighborhoods
Want to fix retail? Close more stores
Drones patrol half of Mexico border
Ex-NYC Mayor Mike Bloomberg on Dodd-Frank: "The Government Should Have Let the Industry Craft the Bill"
24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy
Wall Street Journal Reports Obama's Attorney General Nominee Has Been Involved in $904 Million in Asset Forfeitures
Oil Trains on the East Coast: "It's Getting Crazy"
Police killings highest in two decades
The number of felony suspects fatally shot by police last year — 461— was the most in two decades, according to a new FBI report.
JC Penney revenue misses expectations
Deadly Winter Storm Pushes East, Causing Temperatures to Plummet
Miami-Dade Police Arrest Blind Man, Drop Him Off Miles From Home With No Phone
Cuts in military mean job losses for career staff
Hidden Government Debt Bomb: State Pensions Underfunded By $4.7 Trillion
Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"
Many Americans still exhaust jobless benefits

And finally...
Museum collection includes celebrity excrement

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