Sunday, November 16, 2014


News Links, November 15-17, 2014

## Global Ponzi meltdown/House of Cards ##
World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll
Italy's Crazy New Economy from Hell
Italy Remains In Recession As Germany Avoids Triple-Dip By Smallest Possible Margin
Beppe Grillo Seeks Referendum to Abandon Euro, "At War with ECB Scum, Not ISIS or Russia!"
Battered, Greece faces years to recoup recession
France Fesses Up: "Deficit in 2014 Much Higher than Expected", Budget Needs Revisions Yet Again
Q3 GDP Shows Europe Still Dead-In-The-Water——-And The Credit Markets Show It
The $375 billion Europe wants to invest but doesn't have
The Unfolding Economic Crisis in Europe
It's Not Just Japan That's Failed; The "Asian Miracle" Model Has Also Failed
The Desperate Suicide of Competitive Devaluation
Each Nation State in the Far East is now completely compelled to competitively devalue in tandem, in order to maintain export market share, in a desperate attempt to avert their outbound container super ship cargoes from running westwards on empty.
Russia moves away from dollar, embraces Chinese currency
Direct transactions between the Russian and Chinese currencies amounted to $5.2 billion in October, up from $307 million in September, the Chinese central bank's China Foreign Exchange Trading System reported.
Gold Wars: Putin's Mining Buddies Are Stepping Up The Plate
Dollar Dump Sparks Safety Scramble For Bonds & Bullion
The Keynesian Anti-Gold Clamor—–Another Contrarian Indicator
Glencore shuts down coal mines for three weeks
Australia's biggest coal exporter Glencore will suspend its Australian coal business for three weeks in a move never before seen in the Australian market, to avoid pumping tonnes into a heavily oversupplied market at depressed prices.
Demand destruction growing around the world. -- RF
Jim Rickards says the world is in a depression
G20 Aims To Boost Its GDP 2% By 2018
Good luck! -- RF
The NAFTA Connection: The Role of "Free" Trade in Mexico's Tragic Travails
The events prove what had long been common knowledge – namely that the federal government and local authorities have been infiltrated and in some cases replaced by organized crime cartels.
The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed
US/India WTO Agreement: How Corporate Greed Trumps Needs of World's Poor and Hungry
Insider: How much does it really cost to be a socialite in Dubai?

## Airline Death Spiral ##
Pilot shortage affecting regional airports
TSA orders desktop explosive trace detectors
Air India cabin crew shortage causes flight delays
Flyer charged $1,200 for airplane access to email
EU Commission clears Etihad's 49 pct buy of Italian airline Alitalia
Ailing Philippine Airlines seeks new investors
Travel Scene: Good grief — airlines have buried bereavement fares
Trouble in Southeast Asian skies

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kiev Effectively Cedes East Ukraine to Separatists; Poroshenko Withdraws Hospital and School Funding, Bank Card Operations
Ukraine Bank Runs Begin As Poroshenko Plans To Sever Socio-Economic Ties With Separatist-Held Regions
Airstrikes Fail to Slow ISIS' Iraq Killing Spree, Database Suggests
Islamic State driven from Baiji, Iraqi oil town
Iraq needs 80,000 good troops to retake lost territory: U.S. general
Top US General Makes Unannounced Trip to Iraq
U.S. forces already advising Iraqi forces in Anbar province
Graph of world wars by number of dead and duration of conflict shows how war is very much not behind us
Well, of course. War is hard-wired into the system, so what do people expect? -- RF
Danger zone: Chasing West Africa's pirates
Mexican soldiers face charges, but not officials who tried to hide massacre
Egyptian President Sisi Surrounded By Sinai Militant Attacks, Fighting In Libya And Rise of ISIS
Sweden Submarine Incursion: Country Releases Sonar Image As Proof Of Foreign Submarine Incursion
Russia sees chance of deal at nuclear talks with Iran
The era of global government?
Here at the G20 summit, leaders representing 85% of world GDP are meeting in Brisbane, Australia.
"Russia Back to Superpower Status"
Russia to place GLONASS monitoring stations in China
The Russian Space Systems company, a leading Russian enterprise in design, production and operation of space information systems, has unveiled plans for deploying several GLONASS satellite navigation system monitoring stations in China.
Final effort in US-Iran nuclear talks could settle 35 years of enmity and help defuse Middle East
If America and Iran settle the nuclear issue, they will have overcome 35 years of poisonous confrontation that began with the Iranian revolution in 1979.
Wrong. It began in 1953. But there's your typical Western media propaganda. -- RF
Scots Nationalists Ready for New Battle as Support Surges
South Korea to Hold Drills on Islets Claimed by Japan
U.S., Japan, Australia agree to deepen security ties
EU considering 'sanctions' against Israel over settlements

## Global unrest/mob rule/angry people/torches and pitchforks ##
'History In The Making': Workers Hold First Sit-Down Work Action Targeting Walmart
23 labor protesters arrested outside Wal-Mart in Pico Rivera
Occupy Central: Hong Kong Student Protesters Book Flight To Beijing
Italian cities hit by 'social strike' protest
Demonstrators across Italy protested an assortment of problems besetting Italy, with violence and vandalism reported.
Protesters plan shutdown of Clayton, Mo., after grand jury finding
Ferguson protesters decry report officer Wilson may return to work
Ku Klux Klan Threatens 'Lethal Force' Against Ferguson Protesters
Global political unrest hits high end homes in London, says Barratt
Greek police used tear-gas against student protesters in Athens
Water Unleashes a Rebellion in Relentlessly Rainy Ireland
Mexico protesters torch state congress over kidnapped students

## Energy/resources ##
Shale drilling bust: Cheap Debt And Shale Oil Don't Mix: Why Carnage Is Coming In Energy Junk Land
The nexus of zero rates, resource misallocation, and risk on has favoured shale oil. But the drop in oil prices will call many of these projects into question precipitating a high yield energy funding crisis and a panic dash for the exits. There will be carnage and the question will be whether this carnage causes contagion into other markets.
Shale Oil: Expensive, Over-Hyped, & Short-Lived
Did Russia and China just sign a death warrant for U.S. LNG exports?
Wood Mac: Gulf of Mexico oil production fades
Energy consultant group Wood Mackenzie said it expects U.S. Gulf of Mexico oil production to enter a period of decline after peak output is reached in 2016.
Offshore wind industry races to cut costs as subsidies drop
As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18 months - a blow to the European offshore wind industry which employs nearly 60,000 people.
Moderate oil prices aid environment by making dirtiest forms of extraction too expensive
Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous projects to squeeze oil out of the tar sands of Canada are being shelved. Maybe low oil prices are not so bad for the environment after all.
KPMG: Thought Leaders Discuss Challenge of Energy Industry's Talent Gap
"Help wanted." That is an increasingly common refrain from oil and gas companies facing worker shortages that threaten to grow more severe amid growth in the industry from activity in shale formations, and from an exodus from the industry as older workers retire.
Ukraine likely to buy around 1 bcm of Russian gas by end-2014
India Must Spend $250B by 2019 to Meet Its Power Needs

## Infrastructure scavenging ##
Eight who allegedly stole copper cables and caused major water shortages, to appear in court

## Got food? ##
Syria's opposition warns of upcoming food shortage
How much will Thanksgiving Day staples cost you this year?
Former NFL center Jason Brown shares his harvest
Jason Brown, a former standout in the National Football League and at UNC-Chapel Hill, quit football because he wanted to feed the hungry.
The world's biggest chocolate-maker says we're running out of chocolate

## Environment/health ##
Ebola worries ebb in Liberia, but rise in Mali
How Ebola Exposes Diminishing US Investment in Public Health
10th Ebola Patient Headed to U.S. for Treatment
Mali Tries to Track 200 Contacts After New Ebola Cases
As Ebola fight grows, some countries are noticeably absent
Ebola Patient In Nebraska: Dr. Martin Salia 'Critically Ill,' In Worse Condition Than Other US Ebola Patients, Hospital Says
Bird flu strain which can be passed to humans detected in Holland
Unexplained, polio-like illness has paralyzed 75 kids (US)
An unexplained, polio-like illness has now affected 75 children across the country, according to the Centers for Disease Control and Prevention.
Fracking Boom Spurs Demand for Sand and Clouds of Dust
Fighting a fungus that's killing America's wild snakes
Chemicals in sunscreen could cause infertility
Rat poison chemical found in pills linked to India sterilization deaths
U.S. judge upholds BP 'gross negligence' Gulf spill ruling
Eels face the slippery slope to extinction
Cannabis can help cure brain cancer, research finds

## Intelligence/propaganda/security/internet/cyberwar ##
Venezuela's Ruling Party Announces Phone Number And Email Address For Denouncing 'Infiltrators'
Google Glass future clouded as some early believers lose faith
AT&T stops adding Web tracking codes on cellphones
Justice Department Admits It Misled Court About FBI's Secret Surveillance Program
Behind Closed Doors, Ford, UPS, and Visa Push for Net Neutrality
RedHack hacks into Turkey's Electric Distribution company website, delete bills worth 1.5 trillion Turkish Lira
As New War Rages, Study Finds, Mainstream Media Silences Debate
US Calls Russian Claims On MH17 Photo 'Preposterous'
No more preposterous than America's cockamamie story about the OBL killing. -- RF
US State Dept computers hacked, email shut down
Nine of the biggest myths that people believe about the system
Number of U.S. Data Breaches at Record Annual High

## Systemic breakdown/collapse/unsustainability ##
Why America's biggest grocer has trouble keeping its shelves freshly stocked
Rural hospitals in critical condition (US)
Hagel Announces Reforms to Nuclear Forces After Spate of Problems
Explosion of new pathogens in NYC rats; 'public health nightmare' unfolding
Debt, Propaganda And Now Deflation
U.S. military readiness for war, competitive edge worsening: officials
Police expert: War on terror has turned our cops into occupying armies — and we're the enemy

## Japan ##
Why Japan Is Such a Dangerous Place to Put Your Money Right Now
Highly pathogenic strain of bird flu virus detected in Shimane Prefecture
Beef bowl chains struggling to survive
Gyudon beef bowl chains, which once saw rapid growth amid the nation's prolonged deflation, are now struggling to survive amid a labor shortage and soaring beef prices.
20 prefectures set targets for birthrate, no. of newborns
Local governments use subsidies, video games to raise birthrate
There is a desperate belief that having more people will revive the crashing industrial system. -- RF
Government to delay consumption tax rate hike to 2017

## China ##
Disgruntled power station workers cause blackout in Henan
China's Newest Recipes For Solving Its Xinjiang Problem: Work Placements And Mixed Marriage Incentives
China Falters Again, Sell-Side Whines For More "Stimulus"
China's anti-corruption crackdown takes a bite out of Macau
China Bad Loans Jump Most Since 2005 as Economy Cools

## UK ##
Engineering sector facing a skills shortage which has not improved for five years
M25 road collapse: heavy rain causes nationwide chaos - as it happened
UK to stop its citizens seeing extremist material online
John Major Sees 50% Chance UK Leaves EU, Sides With Cameron on Need for Immigration Reform
2014 on track to be one of the wettest years on record

## US ##
The New Congress Could Finally Fix Our Crumbling Infrastructure
Our dams are aging. Water pipes leak and burst. One in four Americans lives within three miles of a hazardous waste site. The aerospace system is overtaxed, inland waterways haven't been worked on in decades, and 45 percent of households lack access to public transit. All told, the country needs $3.6 trillion in investment to bring it all up to par.
No matter who takes power, nothing will change. There are also those who argue that this is not a problem because spending on infrastructure in the US has not decreased, and is actually higher as a percentage of GDP than in some other countries. Nevertheless, the state of America's infrastructure isn't getting any better, and that's because, as observed previously, the cost of energy is now far higher than when much existing infrastructure was built. Therefore, even if a larger budget is allocated to infrastructure, less work can be done. Keep watching as the cracks spread and the weeds grow.  -- RF
The Iraq War's Pricy Ticket
For American taxpayers, the Iraq War is a gift that keeps on taking, with new plans to spend tens of billions of dollars to retrain the Iraqi army whose initial training cost tens of billions before the army collapsed against a few thousand militants.
Wealth Inequality Is Approaching Its Roaring '20s Peak
Home Ownership Unaffordable For Most Americans As Wage Growth Stagnates: Report
Less than half of U.S. cities are affordable for people who earn a median income
The Unforgiven: How College Debt Is Crushing a Generation
Corporate Profit Margins vs. Wages in One Disturbing Chart
The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally
Glenn Greenwald on Hilary Clinton: "Soulless, Principle-Free, Power Hungry…"
The real Clinton story: 1994
The real Clinton story: 1995
The real Clinton story: 1999
Trump Taj Mahal Casino Resort files for closure
Record-Breaking Cold Spreads Across the U.S.
Winging it through retirement: 30 percent of Americans have no retirement savings.
Nearly half of us are dangling on the edge of financial ruin
Cost of coverage under care act set to increase
More wintry weather expected across the U.S.
The Real Reason For America's Collapsing Labor Force
Consumers Are Broke: 2014 Heading For Second Worst Retail Sales (Ex-Autos) This Century
California pension funds are running dry
As Gas Prices Drop, America Resumes Big Car Love Affair
5 things that used to be free (but aren't anymore)
2016 US Defense Budget Could Be $60B Over Spending Caps

And finally...
Man arrested for breaking into woman's hotel room, spanking her with shoehorn (Japan)
Naughty! -- RF
Voter turned away after he is told he is dead (US)
Net neutrality explained stars

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