Sunday, December 28, 2014


News Links, December 29, 2014

## Global Ponzi meltdown/House of Cards ##
Spain to Issue €55 Billion in New Debt, 72% to Roll Over Existing Debt; Interest Rate Perspective
New French jobless record casts pall on Christmas
Doubts deepen over Chinese-backed Nicaragua canal
Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
Chart Of The Day: OPEC's Export Revenue To Plunge From $900B To $450B
Ukraine's parliament approves austerity laws needed for draft budget
Swiss fall behind in race to become Chinese currency hub

## Airline Death Spiral ##
Plan to cut airline workers' pensions passes regulatory hurdle
Awaiting investors, SpiceJet cuts costs by asking about 50 pilots to leave before six month notice period
Air Asia flight bound for Singapore lost contact with air traffic: Report
Regional airports around the Central Coast struggle to attract carriers (US)
Looming pilot shortage threatens regional airlines (US)
The adage "What goes up must come down," is coming home to roost for commercial aviation.
Berlin's bungled airport belies German efficiency

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraq faces new crisis as winter descends on millions uprooted by Islamic State
Iranian Revolutionary Guard Commander Killed By Sniper Fire In Iraq
After turbulent 2014, next year may be no calmer
China, Vietnam to address maritime disputes without using 'megaphone diplomacy:' Xinhua
Iran's army testing suicide drone to be used as 'mobile bomb'
The U.S. and Iran are aligned in Iraq against the Islamic State — for now
Origins Of Today's Middle East Cauldron: Machinations Of British & French Imperialists During WWI
Libya descends into chaos as air strikes hit Misurata

## Global unrest/mob rule/angry people/torches and pitchforks ##
Fears of youth unrest as oil price slump forces Saudi cutbacks
Civil rights leaders at odds as Ferguson protests grow

## Energy/resources ##
Oil majors' finances strained by price slump
The sudden fall in the price of crude oil, from $120 to just $60 a barrel in six months, is the biggest economic shock of 2014 and the fallout is expected to be profound and long-lasting, especially for the oil majors
Falling oil price dims Arabian nights
The boom that adorned Gulf Arab monarchies with glittering towers, swelled their sovereign funds and kept unrest largely at bay may be over after oil prices dropped by almost 50% in the past six months.
Diminishing Returns In The Bakken
Some Of North Dakota's 473,400 Jobs At Risk
Gartman: Get ready for oil bankruptcies
Shale oil firms in the U.S. will suffer in the next two years due to the dramatic fall in the price of the commodity, according to Dennis Gartman, the founder and editor of the Gartman Letter, who expects a further fall in prices in the near term.
Russia says to supply coal, electricity to Ukraine
Nevermind U.S. shale, Saudi Arabia's oil power play targets Iran's economy
Widespread Hydro-Québec outage fuels concern over future reliability in N.H.
'Flourishing black market' in LPG (Pakistan)
Australians now live in 'energy poverty'
According to the Australian Energy Regulator, in NSW alone over 100,000 residential customers can't pay their bills and have an average electricity debt of $542.
Emergency shutdown at Ukraine's largest nuclear power plant
Durban power cuts blamed on heat

## Got food? ##
China still struggling to improve food security
Farmers brace for labor shortage under new policy

## Lifestyle Solutions ##
An Opportunity To Live Resiliently: A sustainable community seeks a few good members
Future Shock - Crash Course Chapter 25
The unsustainable often ends abruptly

## Environment/health ##
Whooping cough proteins evolving 'unusually' fast

## Intelligence/propaganda/security/internet/cyberwar ##
2014: The Year Propaganda Came Of Age
North Korea's Internet, Phone Networks Still Down Amid Tensions With US Over Sony Hack
PlayStation Restored After Lizard Squad Hack Attack: Sony
Despite Box Office Patriotism, Experts Question North Korea Hacker Claims
Insider: Oil and gas sector in fear of hackers as cyber attacks surge 179%
ACLU Calls Out NSA's Christmas Eve Document Dump
Reports on compliance violations were published 'when basically no one would be paying attention to the internet or in the mood to think about unchecked government snooping for at least the next 30 hours.'
Hackers Release Thousands Of Amazon, Xbox Live and Hulu Plus Passwords
S.Korea nuclear operator says cyberattacks continue, reactors safe
Year Ahead in Tech: Expect Smarter Homes, Trackers and Hackers in 2015
ATT, Verizon, Sprint Are Paid Cash By NSA For Your Private Communications
Prying Eyes: Inside the NSA's War on Internet Security

## Systemic breakdown/collapse/unsustainability ##
Nationwide shortage of Tamiflu (US)
Sky-high price has VA rationing new hepatitis C drug
Waiting for the Sunrise (The Archdruid Report)

## Japan ##
Nonregular employees exceed 20 mil. record
The number of nonregular employees has exceeded 20 million in the country for the first time on record, accounting for 38 percent of all corporate employees, government data showed on Friday.
China withdraws threat against violations of airspace zone over East China Sea
Chinese aviation authorities have removed a warning that possible "defensive emergency measures" could be taken against carriers failing to comply with regulations set for China's airspace zone in the East China Sea. The move by the Civil Aviation Administration reflects fears that hostilities could be triggered with other countries if China strictly applied rules for the air defense identification zone it established last year, according to diplomatic sources.
Doubts as giant China project's water reaches capital
A towering dam in central China holds back a vast expanse of water destined to travel over 1,000 km north to Beijing, but critics say it will only temporarily quench the city's thirst.

## UK ##
Liz Truss: Solar farms in rural areas 'make the heart sink'
Taxpayer subsidies for large-scale solar farms on fields where crops once grew will this week be banned because they are a "blight" on the countryside. Liz Truss, the Environment Secretary, said that the sight of "row upon row" of large-scale solar farms on once productive agricultural land "makes the heart sink".
City Link's collapse could hit more than 4,000 jobs
Royal Guards withdrawn behind metal gates at London palaces
Royal Guards have been withdrawn from prominent posts outside palaces to stand behind metal gates amid fears that they could be targeted by "lone wolf" attackers, it has been reported.
Britain unprepared for severe blackouts, secret Government report reveals
Increased death rates, rising public disorder and high-risk criminals on the loose among the likely consequences of prolonged power cuts, official assessment shows

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