Tuesday, November 18, 2014


News Links, November 18-19, 2014

## Global Ponzi meltdown/House of Cards ##
'Red warning lights' flashing for global economy
"$1.6 Trillion in Defaults Coming," Legend Says
Disappointment Becomes Norm for Global Growth as Japan Contracts
"Mystery of the Unexpected" Explained; Japan Slides Into Recession Yet Again; Blue Ribbon Panel in Review
Reading Mish is so refreshing. If only more people had his honesty and outspokenness. Indeed, there is nothing "unexpected" about Japan's crashing economy. Why anyone would believe that Abenomics or any of its variants around the world could fix anything is totally beyond me. -- RF
Tiger Economy Loses Its Roar as Thailand's Exports Slump
Thailand is heading for a second straight year of slumping exports, something the onetime tiger economy hasn't experienced in at least two decades.
Australia, China Agree Landmark Free Trade Deal
French shops to open on Sundays to revive flagging economy
Belgium new sick man of Europe on debt-trap fears
New accounting rules have revealed that Belgium is poorer than previously thought
G20's new growth plans suspiciously long in the tooth
"Debt Trap" Nonsense; Eurosceptics on Rise; Demise of the EU: "Soon There Won't be a Europe" Says Telegraph
Global Gold Demand Is Overwhelming Supply
Report: Iran Opens Gold Plant, Doubling Production
Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"
Standard Chartered to close MidEast branches
The global lender announced on Tuesday that it would shut down the branches across the Middle East, Africa and Asia as it attempts to shore up profitably. Standard Chartered had 1,248 branches across the world in June, with more than 10 million customers in 34 countries.
Sears Canada loss doubles to $118-million, while sales fall almost 10%
Crooks Blow Up ATMs in Crimes Leaving Chileans Stuck in Line
Here We Go Again: Demand For Subprime Debt Is "Out Of Control"
Great Graphic: Shifting Center of World Economy
Job seekers in S. Korea face bleak outlook in 2015
According to private think tanks on Friday, the country's job market will likely decline next year, with Samsung, Hyundai and other large groups planning to reduce the number of recruits to cope with sluggish conditions.
Australian Broadcasting Corp budget cut could lead to 500 job losses by December
Verizon Said to Plan About 1,000 Job Cuts Through Buyouts

## Airline Death Spiral ##
Air traffic timelapse: untangling Britain's plane-filled skies
Why airfare keeps rising despite lower oil prices
United Pushes Frequent Flyers to Use Miles for Airport Food, Booze
What can't you buy with frequent-flyer miles these days? From kitchen gadgets to charitable contributions to all-inclusive vacations, airlines have been pushing an expanding menu of rewards—anything to avoid giving away more free flights.
Investigators Exclusive: Newark Airport runway incursion radar malfunctioning
Airlines need to accept their role in creating air rage
Frontier blames rising taxes, landing fees for Denver job, flight cuts
Flight Crowding No Justification for 'Knee Defender' in Poll
Japan to introduce facial recognition system at airports in FY 2017
Fewer paying customers have Singapore Airlines scrambling to adjust
Airlines oppose higher airport fees for passengers

## Fault lines/flashpoints/powder kegs/military/war drums ##
Another Russian Military Plane Intercepted Over Baltic By NATO Jets
Kissinger Warns "We Need A New World Order"; Ukraine Should Forget Crimea & NATO
The 'Caliphate's' Colonies: Islamic State's Gradual Expansion into North Africa
Mossad-Backed Jundallah Pledges Support for ISIS
ISIS Militants Have Army of 200,000, Claims Senior Kurdish Leader
The Islamic State (Isis) has recruited an army hundreds of thousands strong, far larger than previous estimates by the CIA, according to a senior Kurdish leader. He said the ability of Isis to attack on many widely separated fronts in Iraq and Syria at the same time shows that the number of militant fighters is at least 200,000, seven or eight times bigger than foreign in intelligence estimates of up to 31,500 men.
Militant attack deaths soar to all-time high: report
The number of people killed in militant attacks worldwide jumped more than 60 percent last year to a record high of nearly 18,000 and the figure could rise further in 2014 due to an escalation of conflict in the Middle East and Nigeria, a report showed on Tuesday.
SIGAR: Pentagon's Economic Development in Afghanistan 'Accomplished Nothing'
The US Special Inspector General for Afghanistan Reconstruction (SIGAR) says he is investigating the Pentagon's efforts to spark that country's economic development, which cost between $700 million and $800 million and "accomplished nothing."
The Neocons' Nefarious Agenda—–"Regime Change" Everywhere
Churches Wrecked, Men Hide in Trees in Nigeria's New Caliphate
Tanzania evicting 40,000 people from homeland to make room for Dubai royal family
40,000 Masai people will be evicted from their homeland in Tanzania, because the Dubai royal family has bought it with the intention of using it as a reserve to hunt big game.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Over Mexican Missing Students: Riots In Mexico Rage Ahead Of Planned Strike
As readers know, I have long maintained that decommissioning costs will be far greater than estimated, and that economic collapse will mean that hardly any money is available for the purpose. Ultimately, decommissioned plants and their deadly wastes will perforce be abandoned, with everyone simply hoping for the best. Nuclear reactors still commissioned and running when it's too late to decommission them will likely melt down and explode, a la Fukushima, while spent fuel pools will boil away their water and similarly end in fireworks. If you live downwind of a nuclear facility, too bad for you. But likely so many nuclear facilities around the world will come to disastrous ends that the entire globe will be irradiated. It's going to be an unmitigated disaster. Have a nice day! -- RF
Sprawling across roughly 5 square miles of federal desert near the California-Nevada border, the Ivanpah Solar Electric Generating System opened in February, with operators saying it would produce enough electricity to power a city of 140,000 homes. So far, however, the plant is producing about half of its expected annual output for 2014, according to calculations by the California Energy Commission.
For various reasons, renewables won't be enough to sustain industrial civilization. But I hope more renewable infrastructure will be built now, in a bid to keep the lights on a little longer. -- RF
Water is the biggest output of U.S. oil and gas wells: Kemp
The biggest product of the U.S. petroleum industry is not oil, gas or condensate but water -- billions and billions of gallons containing dissolved salts, grease and even naturally occurring radioactive materials.
Kurdistan And Baghdad Make Interim Oil Deal

## Environment/health ##
Punishing a Professor's Criticism of Israel
Criticism of how Israel treats Palestinians has become a firing offense in some circles, including academia where professors must muzzle themselves or face accusations of anti-Semitism. In the case of Steven Salaita, Twitter posts about Gaza cost him his job.
Santiago's public transport system at full capacity - Bachelet
Santiago's public transport system is operating at full capacity, Chilean President Michelle Bachelet said. Her comments come after a power failure resulted in the closure of three key metro lines on Friday – leading to the worst service disruptions in the subway network's history. Hundreds of thousands of passengers were affected. And on Monday morning passengers faced disrupted journeys again following a separate incident, this time involving trains' control systems.
The Collapse Of The Bronze Age - Climate Change Didn't Do It
Cost to Develop a Drug More Than Doubles to $2.56 Billion
It costs drugmakers $2.56 billion to bring a new medicine to market, on average, more than double the price of 11 years ago, according to a study released today.
While no final decision has been made on this (as is evident from the original Japanese article), it wouldn't be the first time the government has handed out free money in a bid to spur consumption. -- RF

## China ##
Haixin Enters Bankruptcy Proceedings Amid Steel Industry Woes
Haixin Iron & Steel Group, an unlisted Chinese steelmaker that halted production in March because of a capital shortage, started bankruptcy proceedings, making it the largest mill in the nation to enter the procedure.
Sinopec to spend billions to handle oil pipeline safety problems
Will young Brits ever be able to buy their own homes?
David Cameron: Europe's poor growth rates are cause for concern
In a bleak assessment following the G20 gathering of international leaders in Brisbane, Mr Cameron warned a fresh global economic disaster could be looming as he urged Britons to back his plan to ensure stability in the UK.

## US ##
Why Washington's Fiscal Math Doesn't Work: 60% Of Households Get More Benefits Than They Pay In Taxes
Nearly half of Florida households are struggling financially, United Way reports
Nearly half of Florida households do not earn enough to pay for basic necessities, according to a report released Tuesday by the United Way that seeks to cast a light on the large group of state residents who struggle financially but do not meet the official criteria for being in poverty.
New Icy Blast to Bring More Freezing Temperatures, Snow
Winter Whack: Nation Faces Arctic Chill; Almost 6 Feet of Snow Forecast Near Buffalo
National Guard deployed to help dig out Buffalo
Heating costs heading up as cold grips nation
Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules
How almonds are sucking California dry
Illinois Pension Debt Soars To $111 Billion
Chicago's Per-Capita Pension Debt, Visualized (Gulp!)
Another Hidden Fiscal Time Bomb: Pension Guarantee Fund $62 Billion In Red
The federal government's safety-net program for private pensions is running a near $62 billion long-term deficit, largely due to long-standing problems in a type of pension plan that is common in transportation, construction and some other industries, according to a new report.
The real Clinton story: 2000
President Clinton declares "National Character Counts Week," issuing a proclamation that reads in part: "The character of our citizens has enriched every aspect of our national life and has set an example of civic responsibility for people around the world."
The real Clinton story, 2001-2008
This is Why Rand Paul is Hilary Clinton's Worst Nightmare
Tuition slowdown hits state higher ed budgets
The mega inflation in college tuition
Since 1985 college tuition costs have soared by 538 percent. No surprise that total student debt is now over $1.22 trillion.
Prepare for another winter nat gas spike: Expert
Japan recession could slow some US companies
These CEOs make more than their companies pay in corporate taxes

And finally...
Study: 10-second kiss enables transfer of 80 million bacteria
"Vape" is word of the year

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