Monday, December 29, 2014

 

News Links, December 30, 2014

## Global Ponzi meltdown/House of Cards ##
Brazil's Economy Just Imploded
Brazil's consolidated public sector primary fiscal balance, which posted a significantly worse than expected R$8.1bn primary deficit in November driven by the R$6.7bn deficit of the Central Government, dipped into negative territory: -0.18% of GDP, driven by the significant deterioration of the Central Government finances.
German 2Yr Yield Plunges To Negative 10 Basis Points——–Nine Euro Countries Now Getting Paid To Borrow
The $9 Trillion US Dollar Carry Trade Blew Up Oil, Russia, and Brazil… What's Next?
World's 400 Wealthiest Add $92 Billion in 2014 as Alibaba Surges
'Shadow banking' set for breakout year in 2015
Don't Just Follow the Money--Follow the Income
Russian Economy In First Major Contraction Since October 2009
Canadian miners brace for 'knife fight' after year of dumping assets at fire-sale prices
Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001
Gold not hedge against inflation, but the future

## Airline Death Spiral ##
AirAsia Disappearance May Mean Four-Year High Air Deaths
Russian government agrees to bail out Transaero Airlines
Say Goodbye to AirTran Airways

## Fault lines/flashpoints/powder kegs/military/war drums ##
What Would Jesus Do at Christmas?
Jesus was a dangerous man because he had figured out how peasants got that way.
U.S. And NATO End Combat Mission In Afghanistan As Taliban Attacks Intensify
U.S. coalition launches 18 air strikes against Islamic State: task force
Greece 'on a collision course with EU' warns Germany
Japan, China hold 1st major meeting since leaders' summit

## Global unrest/mob rule/angry people/torches and pitchforks ##
Strikers, police clash at Mirpur
Strikers have clashed with police, vandalised vehicles, and exploded improvised bombs in Dhaka as the BNP and its allies try to enforce a daylong shutdown across Bangladesh.
'Genie let out of the bottle: not much Saudis can do to prevent possible unrest caused by budget deficit'
What Makes Nonviolent Movements Explode?
New York City mayor heckled, booed at police graduation

## Energy/resources ##
BP To Bypass Sanctions, Buy In On Siberian Oilfield
The Grid Reliability Myth
Petrobras Deadline Prompts Some Bondholders to Push for Default
Brazil's state-run oil company Petrobras could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders adhere to a campaign to force it to speed up its assessment of losses in a giant corruption scandal.
BG to export first Australian LNG cargo to China
A third of publicly quoted Oil and Gas Companies are running out of cash (UK) (PDF)
Libya's losses mount as oil terminal burns
Daqing, China's largest oilfield, to reduce output
Limited oil reserves, high cost of development and declining international oil prices have caused the fast-depleting Daqing Oilfield to reduce output, a staff who declined to be named from Daqing told Xinhua.
Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova—The Case Of Iron Ore
Australia cuts iron-ore price forecast 33% as supply mounts
The Crude Oil Plunge Is Not Done—More Downward Pressure Building
Oilsands camp provider cuts third of staff in Canada, signalling slowdown in Alberta
A major U.S. camp provider cited falling oil prices and cancelled projects for its decision to layoff a third of its staff in Canada and close two of its lodges near Fort McMurray on Monday, a move that reflects a slowdown in Alberta's once red-hot labour market.
David Hughes Weighs In on The Fracking Fallacy Debate
10 Huge Countries Without Their Own Oil

## Infrastructure scavenging ##
Bothasig power cuts caused by cable thieves (South Africa)
Reward of up to £1,000 offered to help bring metal thieves to justices (UK)
Thieves stole 50 metres of 33,000 volt overhead power line cabling endangering the public by leaving the damaged high voltage electricity cables hanging loose and close to the ground.
Thieves nab $400K in highway snow fencing near Sunrise (US)

## Got food? ##
South Sudan Crisis: UN Uses Nile River Border Crossing To Deliver Food Aid Amid Threat Of 'Hunger Catastrophe'
How to Attract Wasps for Organic Pest Management

## Lifestyle Solutions ##
Killing the bear - killing hope

## Environment/health ##
Smoking rot highlighted in campaign
Smoking "rots" the body from within, warns this year's quit smoking campaign from Public Health England (PHE).
Ebola Toll Passes 20,000 Cases
More than 20,000 people have been diagnosed with Ebola virus and more than 7,800 have died of it, according to the latest data from the World Health Organization. It's a new milestone in the ever-worsening Ebola epidemic in Sierra Leone, Liberia and Guinea, and it shows Sierra Leone has more cases than any other country.

## Intelligence/propaganda/security/internet/cyberwar ##
China allegedly blocking access to Gmail
Cyber attack on Angela Merkel aide: Report
The German chancellor's office has fallen victim to a hacking attack, according to a German newspaper. The Regin malware in question has been linked to British and US spy agencies.

## Systemic breakdown/collapse/unsustainability ##
How increased inefficiency explains falling oil prices
Residents below aging B.C. dam warned: in case of major earthquake, get out in 10 minutes or die
After deciding it would be too expensive to rebuild a 103-year-old dam built in one of the most collapse-prone areas of Canada, British Columbia's power utility has settled on a controversial plan: Bracing for a disastrous flood.

## Japan ##
Japan's regional banks face stress test for ultra-low rates
Japan to push for offshore yuan bonds
The Japanese government will convene a meeting in January to prepare for negotiations with China over the offering of yuan-denominated bonds in Japan, a move deemed necessary for making Tokyo an international financial center.
Shibuya shuts parks, thwarting year-end soup distribution for homeless
Tokyo's Shibuya Ward closed three municipal parks Friday for more than a week to prevent supporters of the homeless from carrying out traditional year-end soup deliveries, a group cited the ward as saying.

## China ##
China's Zombie Factories Provide Illusion of Work and Prosperity; Rebalancing Chinese Style
China has zombie malls and even zombie cities, so zombie factories can hardly be a surprise. And as the malinvestments pile up, so do unrealized shadow bank losses.
Chinese cities deny backing for new debt
Two Chinese municipal governments have made it clear that they will not guarantee new debt issued by affiliated investment companies, removing an implicit backstop that has generally encouraged reckless infrastructure spending.
British energy players facing tight purse strings
Companies listed on the London exchange that were set up to exploit higher oil and gas prices are running out of cash, analysis published Monday finds.
Nearly 7,000 homes due to topple into the rising sea
More than 800 properties will be lost to coastal erosion within the next 20 years because it is too expensive to save them



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