Wednesday, December 03, 2014

 

News Links, December 4, 2014

## Global Ponzi meltdown/House of Cards ##
New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners
Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks' derivatives obligations to each other, ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called "bail-inable" bonds.
Mexico on the Verge of a New Tequila Crisis?
Mexico thieves stealing billions in oil, gasoline from country's pipelines
Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania
Now that Ukraine's gold has been sold off, the only thing left to complete the plundering is to send in the carpetbaggers. That process is now underway. Ukraine's just-named "Finance Minister" is a US citizen, and Ukraine's new "Economy Minister" is from Lithuania.
Euro zone risks return to contraction, China outlook smoggy
Big Three Contraction: Germany, France, Italy; Core Rots as Spain Improves; Eurozone Recession Coming Up
With Its Gold "Vaporized", A Furious Ukraine Turns On Its Central Bankers
Greece Needs Another €10 Billion Bailout; Syriza Leader Prepares for Power
Ebola Virus Outbreak 2014: Economic Outlook Worsens For Affected Countries, World Bank Reports
West Africa's Ebola virus outbreak has killed more than 6,900 people in Guinea, Liberia and Sierra Leone and will have an even greater economic impact in those countries than previously expected.
Another Debt Zombie Stumbles: Swedish Household Debt Highest In DM, Interest Rates At Zero, Govt. Collapses
Elephant, Meet China—Or Why The Global Bubble Is Fracturing
Roubini: Another Round of Currency Wars Might Be Underway

## Airline Death Spiral ##
Airport Employees To Join Fast-Food Workers In Nationwide Strike For $15 Hourly Wage
Another Blow for Atlantic City: It Lost United Airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iranian Airstrikes In Iraq Suggest Warming Relations With US, Maybe Even Coordination
NATO Interim 'Spearhead' Force Ready Early 2015
Russian Air Force To Acquire New Aircraft, Helos, Bolster Arctic Presence
One Year After Defying Putin, Ukraine Is Choking on Its Own Red Tape
Made in the USA – How the Ukrainian Government is Giving Away Citizenships so Foreigners Can Run the Country
US Army Sends 100 Tanks To Eastern Europe To "Deter Russian Aggression"
Bashar al-Assad: airstrikes against Islamic State are failing
Egypt Puts Security First in Sinai as Insurgency Grows
Russia-Iran 'oil for goods' program to launch soon - minister
Deliveries of Russian goods in exchange for Iranian oil will begin soon, according to Russia's minister of economic development. He says the two countries are also working on a plan to trade in national currencies.
Study: Americas and China struggle to combat government corruption
US Arms Still Flowing to Thailand Despite Recent Coup
Japan gains traction as builder of new Australia subs
Rattled by Chinese subs, India joins other nations in rebuilding fleet

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests in St. Louis after teens 'bash man to death' with hammers
Disrupting 'Daily Order,' Ferguson Walk-Outs to Hit Over 30 Cities
Eric Garner Grand Jury Indictment Decision: New York Braces For Possible Riots
Greek protesters smash cars, clash with police in Athens

## Energy/resources ##
Smaller oilsands players like Connacher Oil and Gas Ltd feeling the pinch of falling prices
Oil producers move to slash costs as prices fall
The world's largest oil and gas producers are redrawing plans for capital expenditure and looking to slash costs in response to diving prices. The almost 40 per cent slump in global crude oil prices in the past four months has immediately hit cashflows for producers.
Analyst Playbook for Energy-Related Bank Exposure After Pullback
As oil prices have continued to fall since the 52-week high last summer, the fallout in other sectors is becoming increasingly visible. As a state, Texas puts a huge importance on oil and the energy trade because regardless of the business or sector almost everything in the state is affected by oil, whether directly or indirectly. Sterne Agee detailed in a report that Texas banks could have a negative reaction to oil prices, as lending to oil companies might spiral down the drain.
Indian Iron Ore Exports: Goin' Goan, Gone?
Non-renewal of mining leases has put a strain on India's iron ore users as the companies are starving for raw material. A report in The Economic Times said the shortage had left companies such as Essar Steel and Jindal Steel & Power struggling as their capacity utilization has shrunk to less than 40%.
Oil Investors May Be Running Off a Cliff They Can't See
New U.S. oil and gas well November permits tumble nearly 40 percent
Russia takes Asia Pacific states as key oil and gas partners — ministry official
Massive Power Outage Causes Blackout In Downtown Detroit
Eskom issues blackout warning
The Oil-Drenched Black Swan, Part 2: The Financialization of Oil
The Oil-Drenched Black Swan, Part 3: Multiple Risks, Multiple Unknowns
Bitter Truth About Germany's Renewable Energy Goals
Is The Arctic Dream Dead?
Ukrainian PM reports accident at nuclear power plant
Ukraine to prepay for Russian gas today or tomorrow-energy minister
Ukraine mulls importing electricity, coal from Russia

## Infrastructure scavenging ##
Americus copper can disappear quickly
Copper thieves are costing some Americus businesses thousands of dollars in damage and repairs. The criminals are going after the copper tubing on the back of air conditioning units.
Copper theft disrupts phone service in Davy, WV

## Lifestyle Solutions ##
How Did Christmas Become A Festival Of Greed?

## Environment/health ##
Californian drought could wipe out southernmost coho salmon group

## Intelligence/propaganda/security/internet/cyberwar ##
NYT Shows How Propaganda Works
The U.S. mainstream media pretends it operates with professional standards of objectivity and fairness, but – especially in its international reporting – the only real standards are double standards, as the New York Times has shown on Ukraine and Syria.
Report: Iran hacking key U.S., global firms
Detroit power failure raises alarms across the country
The power failure that plunged Detroit's schools, fire stations, traffic signals and public buildings into darkness Tuesday reflects a larger problem of aging electrical infrastructure around the country that has worried experts for years.
China will not go to war for N. Korea, former general says
China will not step in to save neighboring North Korea if the Pyongyang regime collapses or initiates conflict with its opponents, a retired People's Liberation Army general has said.

## UK ##
County Down off-shore wind farm plans scrapped
Increases from 2007 include rent going up by 27 percent, food increasing 12 percent, health insurance 42 percent.
Last Hurrah of the Credit Bubble? Corporate Bond Sales Set Record as Junk Bonds Bleed
Husband accused of assaulting wife with McChicken




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