Friday, December 12, 2014


News Links, December 13, 2014

## Global Ponzi meltdown/House of Cards ##
The Financialized-Oil Dominoes Are Toppling
Oil Bust Contagion Hits Wall Street, Banks Sit on Losses
Dow Drops 300 as Oil Drags Down Markets
Oil Rot Spreading in Credit
The Massive Boom In Off-Shore Dollar Lending—–A $9 Trillion Tower Of Financial Instability
Silver to see 11 million ounce deficit in 2015 – HSBC
Austria Considers Repatriating Its Gold
Ferrari 'Fleeing' Italy Prompts Angst About Losing Icons
Growing share of European development aid disguised as loans
About a third of German, and more than half of French development aid payments made since 2005 were in fact loans to poorer countries on which they will receive interests, EurActiv can reveal.
Bank of Canada warns house prices are overvalued by up to 30%
Cash-strapped Iraq seeks Kuwait war reparation delay
November figures point to tougher environment in China

## Airline Death Spiral ##
Delta's New Seating Options Smack of Caste System
London Airspace Restricted by Air Traffic Control 'Technical Problem'
Airspace over London was restricted following an air traffic control computer failure Friday that triggered chaos at the British capital's five airports.
UK flights chaos: Air traffic control computers using software from the 1960s

## Fault lines/flashpoints/powder kegs/military/war drums ##
Poland says Russian manoeuvres in Baltic unprecedented
IAEA Spurns Iran Offer to Access Site, Then Complains
Saudi Arabia prepares to re-open embassy in Iraq for first time since 1990 closure
U.S. corporations winning fight over human rights lawsuits
Norway sells arms to millionaire Nigerian warlord
China Enters Fight Against ISIS

## Global unrest/mob rule/angry people/torches and pitchforks ##
CHP chief says officer aimed gun at protesters after partner was attacked
Vermont governor: 'Enough is enough' on phone company strike, outages
A rash of recent Internet and phone outages prompted Gov. Peter Shumlin to call Friday for Vermont's dominant landline phone carrier and about 1,700 striking workers to resolve their labor dispute.
Week Of Outrage Protests: Full List Of Michael Brown, Eric Garner Demonstration Sites By State, Plus Justice For All March Details
U.S. congressional staffers stage walkout in latest police protests
Civil Unrest is Rising Everywhere & Government Digs in its Heels

## Energy/resources ##
Oil Rigs Seen Declining 600 by August as Prices Plunge
Rigs targeting oil in the U.S. will drop below 1,100 for the first time in three years as drillers pull out of fields made unprofitable by a 43 percent plunge in crude prices, forecasts prepared by Genscape Inc. show.
Big Oil Slashing Spending Amid Low Prices
Iraq's Bright Oil Future Blocked By ISIS
EU: Gas security still hinges on Ukraine
Economist: Iran needs oil at $125 per barrel
Does South Africa face an electricity grid collapse?
S.Africa's ANC eyes state sell-off to ease power crunch
WTI Crashes To $57 Handle; 80% Of Shale Production Non-Economic
500 Nuclear plants across the world by 2030: Russian expert
Ain't gonna happen. -- RF

## Infrastructure scavenging ##
Copper wire stolen from municipal streetlights in Brantford

## Got food? ##
Another cooked bug found in processed food (Japan)

## Lifestyle Solutions ##
Unjobbing: How to Make a Living Without a Job
Things You Only Think You Can't Live Without That Are Killing Your Budget

## Environment/health ##
'Catastrophic' Bangladesh oil spill threatens rare dolphins
2014's worst US weather (gallery)
More than half the population of India cannot live without mobile phones!

## Intelligence/propaganda/security/internet/cyberwar ##
These Are Lies The New York Times Wants You to Believe About Russia
Video of the Day – Previewing Dick Cheney's Appearance on "Meet the Press" This Sunday
Breathtaking. -- RF
Founding Fathers under attack from the Internet
Hack said to cause fiery pipeline blast could rewrite history of cyberwar
Google News Closes in Spain; News Vacuum
Sony's Hacking Nightmare Gets Worse: Employees Medical Records Revealed

## Systemic breakdown/collapse/unsustainability ##
Is a Government Shutdown Now an Annual Event?
Corps assessment of infrastructure is not reassuring
Now the top officer of the U.S. Army Corps of Engineers says the condition of much of our waterway infrastructure is as bad or worse, and the numbers involved in solving the problem are almost prohibitive.
Newtown Massacre Anniversary: Since Sandy Hook, America Has Seen Dozens Of School Shootings
Mazda to recall 52,000 cars in Japan over Takata air bags
Chrysler expands Takata passenger-side air bag recall in U.S.

## Japan ##
The Curse Of Keynesian Dogma: Japan's Lemmings March Toward The Cliff Chanting "Abenomics"
2 utilities only capable of accepting half of clean energy supply
Two Japanese utilities have transmission network capacities that can accept only half the amount of renewable energy suppliers had planned to generate under a so-called feed-in tariff system, sources close to the matter said Thursday.
Eased rules on renewable energy to encourage resumption of utilities' purchases
Numerical plan drafted for slowing Tokyo's population growth
The government in 2020 is expected to set a goal of reducing the number of new residents in Tokyo by 70,000 per year from the 2013 level to ease overpopulation in the capital, a draft of the policy showed Friday.
Japan PM Abe's base aims to restore past religious, patriotic values
Standard operating procedure for politicians when things begin to fall apart. -- RF
Fitch expects to downgrade Japan after next fiscal year's budget
Statement tells ruling party to butt out of TV broadcast programming
Journalists and media researchers issued a statement Dec. 11 calling on the ruling party to stop trying to control content on TV programs.

## China ##
China's Wealthy Take Over International Luxury Real Estate Markets
China's Slowdown Deepens as Factory Output Growth Wanes: Economy
Megacanal brings Yangtze River water to Beijing
While the project, which originally started out as an idea by then-leader Mao Zedong in 1952, is expected to ease the draught in the north to some degree, it will not be a cure-all.

## UK ##
70,000 street lights switched off at night across Kent
London Forest Keepers Prowl Woods for Mushroom Thieves

## US ##
U.S. Treasury yields fell on Friday as a relentless slide in crude oil prices hurt stocks and increased demand for safe-haven U.S. debt on rising concerns about falling inflation.

And finally...
Fugitive Calls In Threat, Forgets to Turn Off Caller ID
Men Far More Likely to Die Stupid Deaths
A tongue-in-cheek study in the British Medical Journal calls this proof of "male idiot theory," noting that out of 318 verified cases from the last 20 years, 282 Darwin Awards were awarded to males and just 36 to women. That gives men a "highly statistically significant" 88.7% of the awards for those "who improve our gene pool by removing themselves from it."

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