Saturday, November 08, 2014


News Links, November 8-9, 2014

## Global Ponzi meltdown/House of Cards ##
85 richest now have as much money as poorest 3.5B
eBay and PayPal launch online payments in Russia with QIWI
Central Planners Are In A State of Panic
Annual China trade growth slows in October in further sign of fragility
Ukraine's currency reserves plummet 23 pct to nine-year low
50% of occupations today will no longer exist in 2025: Report
Assuming there will be energy to run the machines, and that people will stand for it. -- RF
Luxembourg tax files: how tiny state rubber-stamped tax avoidance on an industrial scale
Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"
World's largest ship fuel supplier goes bankrupt
Japan economy minister says TPP agreement difficult by year-end: report
North Koreans working as 'state-sponsored slaves' in Qatar
How Bad Are Things In Venezuela? It's Rationing Food – And Importing Oil

## Cut, baby, cut! ##
Layoffs Explode In America's Big Old Tech Companies
JPMorgan to cut 3,000 more retail banking jobs
US-based employers report planned layoffs of 51,183 in October: Challenger
SNC-Lavalin to cut 4,000 jobs starting next year
Engineering giant to shed 9% of total workforce, including 1,000 jobs in Canada, as it moves away from underperforming business segments, especially in mining.

## Airline Death Spiral ##
United Airlines pulls out of struggling Atlantic City
After only seven months, United Airlines is pulling out as one of only two carriers at Atlantic City International Airport, discontinuing service to Chicago and Houston from the ailing gambling resort.
Singapore Airlines Group 1H net profit down 55.5%
Air cargo: few other industries would tolerate its structural overcapacity
India's grounded Kingfisher Airlines faces trading suspension from December 1
Brazil's Embraer says strike blocking 'critical operations'

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Authorizes Deployment Of Additional Forces To Iraq To Fight Islamic State
Al Qaida's Nusra Front captures more towns, villages in northern Syria
Sunni tribes join Shiite militias in battle for Iraqi town, a rare show of sectarian unity
Houthi expansion puts Yemen on edge of civil war
New Cold War coming, Mikhail Gorbachev says
John Kerry: US, Russia to exchange info on Ukraine crisis
Even Kissinger Gets It: America Has No Dog In The Ukrainian Hunt
A little effort will readily turn up pieces like this, which expose the hypocrisy of the US position on Ukraine. Speaking of hypocrisy, there is also the US position on Iran. But don't expect the American mainstream media to mention it. -- RF
Russian Missile Cruiser To Hold Fire Drills In South China Sea Ahead Of Putin's Visit To Beijing
Why Israelis are buying up Palestinian homes in riot-torn East Jerusalem
Japan and China agree to reduce tensions over Senkaku islands
Mexico: Bodies of missing students likely burned, ashes tossed in river
Indian Police Foil Alleged Plot To Assassinate Bangladesh's Prime Minister
The Dying Israeli-Palestinian 'Peace Process'

## Global unrest/mob rule/angry people/torches and pitchforks ##
Social inequality: This Gini grants one wish -- unrest
Students and other citizens are occupying public facilities and defying governments in other ways in various parts of Asia.   From Thailand to Taiwan to Hong Kong, anti-government protesters have won popular support as gaps between the haves and have-nots widen.
Week of Anti-Fracking Action Culminates with Blockade, Arrests Outside Federal Building
Hungarian Internet tax protesters aim to be new opposition force
French farmers dump veggies and manure in protest

## Energy/resources ##
It begins: Shale Drillers Idle Rigs From Texas to Utah Amid Oil Rout
"We are officially seeing the slowdown in oil drilling," James Williams, president of energy consulting company WTRG Economics, said by telephone from London, Arkansas, yesterday. "There's no doubt about it now. We're already down 49 rigs since the peak in October. It'll have fallen by more than 100 rigs by the end of year."
'Small oil' could end up with a big debt problem
Transocean delays earnings for large write-down
Transocean Ltd., one of the biggest offshore oil drilling companies in the world, said it would take $2.8 billion worth of charges when it reports its third-quarter results, as the company recognizes a drop in the value of its business.
Solar eclipse in March to challenge European power grids
Power failures hit production lines in Venezuela
Hours-long blackouts risk Ghana's economic growth
KZN petrol pumps run dry (South Africa)
Rolling blackouts next week? Eskom responds (South Africa)
Russia Nears Completion Of Second "Holy Grail" Gas Deal With China
Brazil gov't rules out energy rationing in 2015
World's largest solar plant applying for federal grant to pay off federal loan
Scrap prices follow iron ore downwards while finished steel products face slower demand in Q4
Water scarcity an immediate threat to global business: Survey
Two-thirds of global businesses polled say they face severe water scarcity risks for their operations.
Report: East Africa new energy 'hot spot'
Brazil drought: Sao Paulo sleepwalks into water crisis
Bringing the message about resource depletion to the European Parliament
The Madness of the EU's Energy Policy
Ethanol's dwindling discount to gasoline could slow U.S. biofuel demand
Ethanol's smallest discount to gasoline in seven months could reduce demand for U.S. biofuels and make higher ethanol blends such as E85 less profitable, traders and analysts said on Friday.

## Got food? ##
Food security has come at ecological cost: official (China)
How Much Pesticide Residue on Your Produce? FDA Doesn't Know
Global Meat Corporations Push for Sweetheart Trade Deal

## Environment/health ##
Ebola expert warns of tragedy in British hospitals due to safety failings
Big freeze coming for millions
Climate Model Predicts Very Cold Winter in Northern Hemisphere; Another Record Breaker?

## Intelligence/propaganda/security/internet/cyberwar ##
Facebook says the US is the worst offender in a huge leap in requests for user data
Facebook's Soaring Expenses Signal Trouble
Police take down Dark Web markets around the globe
Daily BS: Who shot bin Laden? Former Navy SEALS make rival claims
Daily BS: Bin Laden Shooter Robert O'Neill Misstated Facts, Falsely Took Sole Credit: Report
Timeline of tensions between Iran and the United States
Here's your typical media propaganda. Specifically, the timeline starts in 1979, not 1953. Readers are supposed to get the impression that Iranian hate for and distrust of the US are irrational. -- RF
For $25 a year, Google will keep a copy of any genome in the cloud.
Data Breach Losses Top More Than 78 Million Records to Date in 2014

## Systemic breakdown/collapse/unsustainability ##
Foundation of US nuclear system showing cracks
It's Official: Spain is Unraveling
Nissan recalls 52,000 vehicles for faulty air bags

## Japan ##
Japan's regional economies still recovering from April's sales tax hike
Tallest Skyscraper Condo in Japan to Go on Sale in January
Japan Coast Guard overstretched as Chinese coral poachers make off with lucrative haul
Japan plans tougher penalties against coral poachers

## China ##
China builds computer network impenetrable to hackers
China is building the world's first long-distance quantum encryption network, a 1,200-mile line between Beijing and Shanghai that will be theoretically unhackable
China Approved More Than $100 Billion In Infrastructure Projects To Boost Economy: Report
China to establish $40 billion Silk Road infrastructure fund
China trade growth decelerates
China rolls out measures to lift sagging coal industry

## UK ##
Intelligence agencies spying on lawyers in sensitive security cases
Internal MI5, MI6 and GCHQ documents reveal routine interception of legally privileged communications
EU's bank to loan Britain's power grid $2.4 billion

## US ##
US consumer borrowing up $15.9 billion to record
Stunning: 12 Charts Which Torch The Wall Street/Washington Good Times Narrative
Nominal Wages Have Flat-lined at 2% For Four Years——That's Not Evidence Of A "Recovering" Labor Market
More Evidence That BLS Jobs Numbers Are Fishy: Working Age Population Up 6X Greater Than Labor Force Since 2012
Earnings outlook might be less rosy than investors think
A Closer Look At The Labor Force Participation Rate That Refuses To Rise
When Econ Stats Are Nipped, Tucked, Massaged, Fabricated And Faked—–Voters Ask What Recovery?
AIG was avoiding taxes when it was owned by the US government
History: The real Clinton story: 1989
History: The real Clinton story: 1991
Crony Capitalism Tribute: Mafia Dons vs. Politicians; Who Really Won the Election?
Dow, S&P 500 eke out gains, set record highs
Bank of America Said to Make New Pitch to SEC for Relief
Storm Stronger Than Sandy Hits Alaska, Will Chill Much of U.S.
US oil dependency on Middle East has hardly changed since 2007

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