Tuesday, November 25, 2014


News Links, November 26, 2014

## Global Ponzi meltdown/House of Cards ##
The Smiling Face of Austerity: More Welfare for Rich Landowners in the EU
Global Business Outlook: "Darkest Picture since Financial Crisis." US Deterioration "of Greatest Concern"
Another Keynesian Debt Boondoggle: How Brussels Plans To Turn Zero New Cash Into A $400B Stimulus
Juncker's €315bn EU Slush Fund is €299bn Sleight of Hand Magic
Court of auditors warns of multi-billion EU budget gap
Member states will be required to contribute a further €326 billion to the 2014-2020 EU budget. This may affect the Commission's ability to meet all the requests for payments, and of countries to pay their dues, the European Court of Auditors (ECA) warned.
Central Banks: When We Succeed, We Fail
Goosing stocks ever higher will eventually push wealth inequality to the point that it unleashes social instability.
Corruption Report 2014: Many Companies 'Sleepwalking' Into Potential Disasters, Risk Management Firm Says
ICBC to Build Offshore Yuan Center in Los Angeles
Total Chinese Gold Reserves Approaching 16,000t
Senate report shows how easily banks can rig gold, copper, and other markets
Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold

## Airline Death Spiral ##
Tarmac trouble: U.S. runway close calls soar
Near runway collisions involving commercial airplanes climbed two-thirds from 2003 to 2013 at U.S. airports to a rate of nearly one per day, as a shift to major hubs led to increased traffic in most of those cities.
Looking at airline fees in 2008 compared to 2014
Iata to offer 'rescue fares' in Europe when airlines fail

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State fighters battle Iraqi forces near Baiji refinery
Rand Paul Demands Declaration of War Against ISIS
Why the Ukraine Crisis Is the West's Fault (Foreign Affairs)
Russia Halts Coal Supplies to Ukraine
Hacked US Documents Said To Reveal Extent Of Undisclosed US "Lethal Aid" For Ukraine Army
U.S. Drone Strike Math – 41 Terrorists Targeted, 1,147 People Killed
U.S. to leave more troops in Afghanistan than first planned - sources
Vienna Talks Fail to Reach Agreement on Iran Nuclear Program
Iranian Nuclear Talks To Continue Until July
US Navy testing new drone killing laser weapon in Gulf
NATO: Russia-Abkhazi military agreement violates Georgia's sovereignty
US watches as Beijing forges ahead with S China Sea oilfield plans
Nuclear war: A forgotten threat to human sustainability

## Global unrest/mob rule/angry people/torches and pitchforks ##
Street clashes break out as Hong Kong clears part of protest zone
Missouri governor orders more troops to Ferguson after riots
Dozens arrested as Ferguson protests spread to cities across US

## Energy/resources ##
European and UK Gas Security
Follow The Sand To The Real Fracking Boom
When it takes up to four million pounds of sand to frack a single well, it's no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
The Unwelcome Reality For U.S. Coal Exports
U.S. coal export capacity is running well below capacity, and as such, exporting coal from the U.S. west coast is a losing strategy. That comes from a new report put out by the Institute for Energy Economics and Financial Analysis (IEEFA), which found that despite the very lofty plans by many coal companies to ship coal to rapidly growing markets in Asia, doing so would result in a financial loss.
The 2014 Oil Price Crash Explained
This model explains how a drop in demand for oil of only 1 million barrels per day can account for the fall in price from $110 to below $80 per barrel.
Russia's Gazprom Neft partners with Petrovietnam to tap Arctic oil
South Africa's Eskom says needs more funding to keep lights on
Eskom instituted rolling blackouts for the third time in 2014 at the weekend as fuel reserves ran out, forcing it to call on industrial customers to cut their consumption by 10 percent.
Statist Economics At Work: The Colossal Waste Of George Bush's Mandatory Ethanol Standard
What a waste! The energy return on corn ethanol is absolutely pitiful, even if it's in the plus column. Such a system would never have been created under a rational energy policy. -- RF
Google Engineers Explain Why They Stopped R&D in Renewable Energy
Facing escalating pushback, Canada's oil sands industry goes on the offensive

## Got food? ##
In wake of China rejections, GMO seed makers limit U.S. launches

## Environment/health ##
Ebola victims' bodies left in hospital doorway by protesting burial teams
Experts Urge Federal Task Force: Listen to Science. Ditch Neonics
Moms, Farmers Head to Court to Keep Maui from Becoming 'Poisoned Paradise'
The Real Cost of Fracking: How America's Shale Gas Boom Is Threatening Our Families, Pets, and Food

## Intelligence/propaganda/security/internet/cyberwar ##
Navy Veteran is Fired from Hotel Job and Called a "Terrorist" for Posting Pictures of DHS Vehicles on Facebook
Hackers blackmail Sony Pictures, attack computer network
Online or at counter, shoppers worry about hacks
CNN's Ferguson Selfie: A Disgrace To Journalism
DHS Set to Destroy Governmentwide Network Surveillance Records
"Regin" World's Most Advanced Cyber Snoop Hits Russia, 4 Other Countries; Western Intelligence Agency Likely Responsible
Chinese Threat To U.S. Power Grid Closer Than Thought

## Systemic breakdown/collapse/unsustainability ##
"We are starting to break down": Why so many Americans feel traumatized
Is Your Stuff Falling Apart? Thank Walmart

## Japan ##
Young Japanese worry about future amid recession
Abe Sales Tax Backfiring With More Debt Not Less: Japan Credit
GPIF assets swell to record ¥130.9 trillion in September
Prime Minister Shinzo Abe has urged the fund, supervised by the Ministry of Health, Labor and Welfare, to buy more risky assets to seek higher returns, aiming to ensure the long-term sustainability of Japan's universal pension system.
Japan transport min sets up task force to deal with air bag recalls
Bank of Japan's Kuroda resolute in fight against deflation, says ready to ease more
Tepco starts filling cable trench with cement as it pumps out radioactive water
As gold prices surge, more sellers fail to report sales

## China ##
China's ICBC to set up offshore yuan center in Los Angeles
China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.
Is China Building a Mortgage Bomb?
China Moves to Cut Smoking, Cigarette Advertising

## UK ##
Black Friday shopping catches on in UK
Tougher rules for getting mortgages help to cool UK housing market

## US ##
Economic goals of young and old pulling in diverging directions: times will only get tougher for young Americans.
High-end shopper thrives while low-income survives
A Tale Of Two Credit Markets: New Auto Loans Highest In 9 Years As New Mortgages Slump Near Record Lows
Yo-Yo Sales: For Subprime Borrowers, Car Contracts With Many Strings Attached
Hard-Pressed Consumers Are Dropping, Not Shopping—Galllup Xmas Survey Plunges 8% In Last Month
The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
Moonlighting No Help to Americans Seeking to Buy a Home
America's Budding Police State
Forget Ferguson, 244 Teenagers Have Been Shot In Chicago Since Michael Brown Died
Defense Secretary Chuck Hagel Fired
Drone pilot wanted: Starting salary $100,000

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