Monday, December 01, 2014


News Links, December 2, 2014

## Global Ponzi meltdown/House of Cards ##
A Tidal Wave of Gold Repatriations Could be Unleashed
Chemical maker Huntsman to cut about 900 jobs
China's Slowdown Hits Price of Iron Ore
Glaxo Is Said Close to Announcing Reorganization, U.S. Job Cuts
Chrysler Discounts Reach 18%
Euro zone companies come home as Asian costs rise
Japan downgraded by Moody's amid rising fears over debt

## Airline Death Spiral ##
Lufthansa cancels flights as pilots prepare for strike
American Airlines asks to extend deferral on pensions
Aeroflot Group reports 9M net loss of $72.2 million
Airline Industry: Will Current Headwinds Persist?
'Many millions' needed to add flights

## Fault lines/flashpoints/powder kegs/military/war drums ##
Struggle over Libya's oil risks breaking up country
Russia launches 'wartime government' HQ in major military upgrade
Russia announces war games; UK worried by 'extremely aggressive' probing of air space
Tensions Between the U.S. and Russia Are Worse Than You Realize – Remarks by Foreign Minister Sergey Lavrov
Iraq PM: 50,000 'Fictitious' Soldiers Found on Army Payroll; Military Corruption Far Worse Than Feared
Egyptian judge clears Hosni Mubarak in deaths of protesters
Russia revisits oil-for-goods deal with Iran
Iran's reverse-engineered RQ-170 drone flies
Iran to turn uranium into reactor fuel under extended deal: source

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong police drive out pro-democracy protesters in violent clashes
Hong Kong protest leaders announce hunger strike
Barbed Wire and Tear Gas in Cairo as Protesters Rise After Mubarak Acquittal
Michael Brown Ferguson Shooting 'Hands Up Walk Out' Protests Planned Across US Against Police Brutality
French business owners stage protests across the country
Protests hammer Mexican president's popularity as elections loom

## Energy/resources ##
OPEC Inaction Spurs Survival of Fittest as Oil Below $65
Turnabout: OPEC shows U.S. oil producers who's boss
OPEC Gusher to Hit Weakest Players, From Wildcatters to Iran
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela
The oil price move is already cascading through American industry. Bondholders are next. The US fracking boom was built with debt, much of it junk rated. And this pile of debt is now at the confluence of the collapsing price of oil, high costs of production, and sharp decline rates of fracked wells that force drillers to continue drilling just to maintain their revenues. It's a toxic mix.
The Oil-Drenched Black Swan, Part 1
The Shale Bust Arrives: November Permits For New Shale Wells Tumble 15%
Gazprom, Turkey's Botas could build 63 bcm undersea gas pipeline - Gazprom CEO
Putin says Russia will scrap South Stream pipeline
Amid spiraling tensions with the West, Russian President Vladimir Putin announced Monday that Moscow is spiking a multibillion dollar gas pipeline project for southern Europe and will focus instead on boosting its energy ties with Turkey.
Nuclear renaissance: IEA Report: Future Of Nuclear Energy Industry "Uncertain"
Nuclear renaissance: Energy round-up: nuclear future?
Fire Shuts Down Belgian Nuclear Plant
Ukraine faces coal shortage with rebels controlling mines
A struggling year for ore in 2015
The prices of iron ore have plummeted in 2014 and specialists are expecting no improvement in 2015.
Chilean Mining Sector Energy Demand To Double By 2025

## Got food? ##
U.N. Suspends Food Aid for 1.7 million Syrian Refugees
A lack of funds has forced the U.N. World Food Program to stop providing food vouchers for 1.7 million Syrian refugees in Jordan, Lebanon, Turkey, Iraq and Egypt, the agency said on Monday. "Without WFP vouchers, many families will go hungry. For refugees already struggling to survive the harsh winter, the consequences of halting this assistance will be devastating," said WFP, which needs $64 million to support the refugees for the rest of December.

## Environment/health ##
Ebola Rages in Sierra Leone as UN Misses Curbing Targets
Africa's Lions Endangered By Controversial 'Canned' Hunting Industry
African lions are fast becoming an endangered species. Their numbers have been cut in half since 1980, and today experts estimate there are between 23,000 and 39,000 wild lions on the continent. For just a couple hundred dollars tourists in South Africa can play with lion cubs or take others on a walk. And for just a few thousand dollars they can shoot -- and kill -- one in a confined space.

## Intelligence/propaganda/security/internet/cyberwar ##
Black Friday Was The Second-Biggest Day Ever For Background Checks: Report
Peak Oil: does the CIA know?
Inside North Korea's elite cyberwarfare unit
Cyber Ring Stole Secrets for Gaming U.S. Stock Market: FireEye
Laura Poitras on Snowden's Unrevealed Secrets
Dutch Government Details How It Will Allow Bulk Cable Interception For Intelligence Services

## Systemic breakdown/collapse/unsustainability ##
Building wider roads just increases traffic
Guess What Happened The Last Time The Price Of Oil Crashed Like This
Venezuela's Future: 'Barbarity' and 'Looting' as Oil Drops

## Japan ##
The Three Reasons Why Moody's Just Downgraded Japan From Aa3 To A1
Japan Dairies Losing as Abe's Weak Yen Boosts Corn Costs
Japan's forces going amphibious, but no decision on the vehicles yet
Under new law, about 460,000 documents likely to become 'special secrets'
Foreign investment firms buy up prime office space in Tokyo; fears of bubble rise
British researcher blasts U.N. report on Fukushima cancer risk as unscientific
Survey: 80 assemblies demand government cancel tax hike
In Japan's fading hinterland, skeptics doubt 'Abenomics' will help economy

## China ##
Miners 'Covering Their Eyes' on China's Commodity Cliff
China Factory Gauge Drops as Shutdowns Add to Slowdown: Economy
China Manufacturing PMI Drops To 8-Month Lows, Teeters On Brink Of Contraction
The 'Keqiang Index' a clear indicator of slowing growth

## UK ##
Steep house prices forcing record number of thirtysomethings out of London
Autumn Statement: Bleak borrowing prediction rocks George Osborne's deficit hopes
Most popular baby names 2014: Mohamed tops boys' list while Frozen's Elsa enters girls' top 100

## US ##
Amount Of Treasury Debt Issued In Last Eight Weeks——$1.040965 Trillion!
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
UC Davis Economics Professor: There Is No American Dream
Retail Disaster: Holiday Sales Crater by 11%, Online Spend Declines: NRF Blames Shopping Fiasco On "Stronger Economy"
Fewer shoppers hit stores on 'Black Friday' and spend less
The Troubling History of Thanksgiving
Youth Poverty 2014: Baltimore Teens Worse Off Than Children In Nigeria?
The Strange Ferguson Grand Jury
You know the fix is in when a suspect who shot an unarmed man voluntarily provides four hours of un-cross examined testimony to a grand jury without taking the Fifth.
Police stop black man for 'walking with his hands in his pockets'
At Home and Abroad, UN Report Details Abysmal US Record of Abuse
The Year in Jewel Heists: Thieves Get Smarter, Take More Loot
Safe, shoes stolen in smash-and-grab at Detroit store
Underground nuclear launch pods get first 'deep clean'
Obama: Don't want 'militarized' police culture
Obama Planning To Increase Funding For The Militarization Of America's Police Force
Why Obama Has No SecDef: The War Party Is Waiting For Hillary
The Working Poor: Welcome to Walmart!
Jeb Bush's Four Mysterious Companies Share The Same Address And Have Never Done Any Known Business

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