Thursday, November 27, 2014


News Links, November 28, 2014

## Global Ponzi meltdown/House of Cards ##
Oil price fall starts to weigh on banks
Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850 million loan made to two oil and gas companies, in a sign of how the dramatic slide in the price of oil is beginning to reverberate through the wider economy.
'Le Black Friday' Goes Global With Deals Just a Click Away
Spend, baby, spend! -- RF
France, Italy, Belgium may break budget rules, EU to revisit in March
Giving Thanks For The Oil Collapse: It Reveals The Phony Recovery And Speculative Rot Beneath
"There Will Be Blood": Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck
World has reached peak gold (PDF)
Prosperity Amidst the Ruins
Australian Broadcasting Corp slashes jobs, radio
The Australian Broadcasting Corporation will cut 400 jobs and close five radio production centers as government funding shrinks. In addition to the sweeping job cuts, managing director Mark Scott told staff Monday that the ABC would review its property holdings and sell one of its buildings in Sydney.
Downsize, baby, downsize! -- RF
Another recession may be devastating for heavily indebted countries, report shows

## Airline Death Spiral ##
Pilot Close Calls With Drones Grow Rapidly, FAA Reports 
American Air's Envoy: 'An Airline That Is Coming Apart'
Inventor of Knee Defender insists airlines shouldn't sell the same space twice
Will lower fuel prices cut airfares?
Rude air passengers fuel holiday frustrations
Foul bathrooms, long lines, terrible traffic: You'll never believe which airports are the worst
This guy is betting your flight will be on time
Payouts for tarmac delays! But of course this had to come sooner or later. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
France To Send 6 Mirage Jets To Jordan Against Islamic State
Key provincial capital in Iraq may be about to fall to Islamic State
NATO To Deploy Tanks In Eastern Europe Shortly After VP Of Europarliament Says Ukraine-Russia War Imminent
NATO Wrestles With New Fast-Reaction Force Prompted By Ukraine Crisis
NATO's planned new fast-reaction force, centerpiece of its response to Russia's annexation of Crimea, is proving harder to set up than expected because of shortages of vital equipment and arguments over funding, diplomats say.
Russian military forming drone squadron for Arctic reconnaissance
Google Gives Up On Renewables
US to renew emergency oil supply agreement with Israel
Thailand elections 'could be delayed until 2016'
Washington plays Russian roulette
11 Corpses Dumped In Same Mexico State As Apparent Student Massacre
China Strengthening Claim To South China Sea Oil And Gas
The American Imperium In Shambles: A Review Of Washington's Blinding Incompetence In Afghanistan And Iraq
Namibia in talks to allow PLA naval base at Walvis Bay

## Global unrest/mob rule/angry people/torches and pitchforks ##
LAPD arrests about 130 Ferguson protesters in downtown L.A.
General strike shuts down services across Greece
Baaaaa! Sheep farmers protest in Paris
Black Friday strikes expected at dozens of Walmart stores
Italian police to use Predator drones
Italian police agreed on Wednesday to start using drones as a way of monitoring major events and responding to natural disasters, while national media said they could also be used during protests.

## Energy/resources ##
For The World's Largest Rig Operator, The "Recovery" Is Now Worse Than The Post-Lehman Crash
19 US Shale Areas That Are Suddenly Endangered, "The Shale Revolution Doesn't Work At $80"
Bakken Sweet Spots Are Petering Out
Oil price to close some projects, will return to fair level - Russia
Monster Wells: Hundreds Of Fracking Wells Using 10-25 Million Gallons of Water Each
OPEC keeps oil output on hold despite low prices
Oil services sector rocked by plunge in SeaDrill's stock
Waste To Energy Could Be Long-Term Renewable Solution
No, it couldn't. The waste stream from a dying system is not a dependable energy source. This scheme is like a snake eating its own tail, and the snake is wasting away from malnutrition and disease. -- RF
Scientists predict green energy revolution after incredible new graphene discoveries
Don't get excited. -- RF

## Got food? ##
How America's Thanksgiving turkeys got so huge
Low food inflation tightens squeeze on Europe's grocers
Sweet potatoes make a bitter harvest for farm workers

## Lifestyle Solutions ##
In retirement, a big house can lead to the poor house
Sustainability of Heating with Wood
But heating entire homes will become impossible, with any fuel. Gird yourself for austerity. -- RF

## Environment/health ##
Number of Ebola cases nears 16,000 as Sierra Leone loses ground: WHO
The death toll in the world's worst Ebola epidemic has risen to 5,689 out of 15,935 cases reported in eight countries by Nov. 23, the World Health Organization said on Wednesday.
Ebola vaccine 'promising' say scientists after human trial
Go, Dog, Go! South Africa Is Sick of the Rhino Poachers
Rhino horns are made of the same material as human hair or finger nails.
Is Spate of Texas Earthquakes Connected to Nearby Fracking Operations?
Tropical fly-borne illness reported near Damascus - WHO
E-cigarettes have 10 times more carcinogens: Japan researchers

## Intelligence/propaganda/security/internet/cyberwar ##
Panopticon society: #HappyTracksgiving : How your travels are tracked this holiday season
Hackers force message on websites via US firm
Twitter misrepresents the real world, computer scientists warn

## Systemic breakdown/collapse/unsustainability ##
The Population Bomb - revisited by What Is Sustainable
Toyota recalls more cars for dangerous Takata air bags

## Japan ##
This Country Will Be The Next Zimbabwe...
Japan Two-Year Note Untraded as BOJ Buying Has Yield Near Zero
6 facts about Japan's downbeat economy
Gov't eyes system for power firms to tack reactor decommissioning costs to power bills
There will never be enough money for decommissioning, in any country. -- RF
Japan eyes military aid to spur defense exports, build security ties: sources
Japan is considering creating a government-backed financing arm for weapons exports, a move that would accelerate Prime Minister Shinzo Abe's shift away from the country's pacifist past and strengthen Tokyo's regional security ties as China's military power grows.
Abenomics Is In The Ambulance—–But Too Late To Save JGBs
Nearly 50% of Japanese firms suffering due to weaker yen, online poll suggests

## China ##
China Seeks More U.S. Help to Return Fugitive Corrupt Officials
China opens its defence equipment production to private sector
After me, the deluge: China's hydropower dams prompt regional concerns

## UK ##
Terrorism laws: 'Time is right' for new police powers
Police and security services will get new powers as the UK faces a terror threat "perhaps greater than it has ever been", the home secretary says.
Campylobacter: Dirty chicken scandal: food expert calls for boycott of chicken
A leading food expert and adviser to successive governments has called for a boycott of supermarket chicken because of "scandalous" levels of contamination after tests revealed that up to eight in 10 show traces of a potentially lethal bug.
Ageing population will compound deadly effects of heatwaves caused by climate change
More patients, fewer doctors – is the NHS facing a winter crisis?
Caterpillar: Union says engineering firm plans 140 job cuts

## US ##
Plans for UCLA visit give rare glimpse into Hillary Clinton's paid speaking career
Video shows Cleveland officer shooting 12-year-old Tamir Rice within seconds
Ferguson grand jury papers full of inconsistencies
Did They Want More Violence In Ferguson? 10 'Coincidences' Too Glaring To Ignore
This Is What $11.71 Trillion Worth Of Household Debt Looks Like
Junk Bond Carnage, One Company at a Time
Stuck In Reverse And Descending Into Trauma
$1 million-plus home sales up 16%
U.S. jobless claims rise to 300,000
Lackluster consumer income and spending point to a slowing economy
Utilities Facing Coal Shortages Due To Rail Congestion
Five Things To Watch For In 2015——More Of The Same Extend And Pretend
HUD's privatization scheme may herald end of public housing
At a time when a shortage of affordable housing is devastating low-income families, U.S. policymakers appear to have all but given up on the idea of a state-managed public housing system. The U.S. Department of Housing and Urban Development (HUD) says more than $26 billion is needed to repair the nation's aging public housing, a backlog that has left many residents in deteriorating living conditions.
Town Considers Switching Off Street Lights To Save Money
New York towns and villages are in a continuous tug of war between balancing their budgets and staying under the tax cap. One Greene County municipality is taking a hard look at turning street lights off to save money.

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