Thursday, December 04, 2014


News Links, December 5, 2014

## Global Ponzi meltdown/House of Cards ##
Euro zone mulls extending Greek bailout by six months, Athens refuses
Baltic Dry Index down to 1,079 points
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives
Dreadful Chart of Russian Ruble vs Probability of Default

## Airline Death Spiral ##
The Secret Life of the American Airport Worker
Nairobi Airport Workers: We're Treated Like Animals
Frontier dropping flights to several regional airports
Dulles International Airport struggles to find its footing

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, Iranian Forces Operate In Separate Areas In Iraq, Officials Say
Kerry Praises ISIS War, Says It'll Take Years
UN Calls for Israel to 'Renounce Nuclear Weapons'
The United Nations General Assembly overwhelmingly passed a resolution on Tuesday demanding that Israel "renounce possession of nuclear weapons" and open its arms to global regulation.
In US-Supported Egypt, 188 Protesters Are Sentenced to Die Days After Mubarak is Effectively Freed
Next Israeli government may be country's most conservative, polls suggest
At least 19 people dead as Islamists clash with police in Chechnya

## Global unrest/mob rule/angry people/torches and pitchforks ##
'We Are Seneca Lake': Arrests, Rallies Mark Continued Gas Storage Protests
Top U.S. justice official promises probe after NYC police chokehold death
Pittsburgh protesters demonstrate after New York police chokehold death
Protesters take over Interstate 35W in Mpls.
Stanford students protest, block Highway 101 over Eric Garner case
Low-wage workers in Chicago rally for higher statewide minimum wage
US activists to protest over missing Mexico students

## Energy/resources ##
Here Is Oil's Next Leg Down—–A Survey Of The Spreading Fractures
Global Drilling Slowdown On The Way
Sub-$50 Oil Surfaces in North Dakota Amid Regional Discounts
Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 28, according to the marketing arm of Plains All American (PAA) Pipeline LP. That's down 47 percent from this year's peak in June, and 29 percent less than the $70.15 paid for Brent, the global benchmark.
Oil prices will go up again—are we ready?
Questionable Renewable Energy Dreams: Where Do We Go from Here?
Fracking: Technological Miracle or Cheap Money Malinvestment?
Natural gas: The fracking fallacy
The United States is banking on decades of abundant natural gas to power its economic resurgence. That may be wishful thinking.
Troubled Oil is Under Water
The collapse of oil prices: lessons from history
The Oil-Drenched Black Swan, Part 4: The Head-Fake Disruption Ahead
Blackout hits parts of Venezuelan capital Caracas
EU's Juncker says South Stream pipeline can still be built
Russia: South Stream decision 'final'
End Of The South Stream Pipeline: Who Are The Winners And Losers

## Infrastructure scavenging ##
Michigan police seek stolen 5,000-pound bridge

## Got food? ##
A Year After Deep Cuts to Federal Food Assistance Programs, America's Nonprofit Food Banks Struggle To Fill The Gap

## Environment/health ##
Mediterranean diet 'slows ageing' - and could even help you live longer
'Worst' Ecological Disaster in Israel's History as Pipeline Spews Oil

## Intelligence/propaganda/security/internet/cyberwar ##
At Global Climate Conferences, Spying Is Just Part of the Woodwork
Operation Auroragold: How the NSA Hacks Cellphone Networks Worldwide

## Systemic breakdown/collapse/unsustainability ##
Ford recalls about 20,000 cargo vans due to loose plastic panel
Mazda to recall over 60,000 vehicles due to brake problem
Toyota recalls 185,000 more cars in Japan over Takata air bags

## Japan ##
Bankruptcies caused by weak yen broke record in November
Japan dairy firms to increase butter production to cover shortage
Uncertainty engulfs Russia-Japan gas project in Vladivostok
Downward spiral: Yen hits 120 to dollar
Japan's CO2 emissions hit record as fossil fuel consumption rises
Frugal consumers hunker down in the bargain basement despite Abenomics price push
Inflation-adjusted wages continue falling in Japan
No. of households receiving public assistance hits all-time high

## China ##
Luxury Hotels Spring Up Across China
China's 'Diaosi': Growing 'Loser' Population Sheds Light On Chinese Youth
Struggling China coal producers try to boost prices for 2015 contracts

## UK ##
Osborne moves to cut spending to 1930s levels in dramatic autumn statement
The chancellor, George Osborne, set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall to its lowest level since the 1930s and could require cuts in non-protected departments such as police, local government and justice amounting to a further £60bn by 2019-20.

## US ##
Another Government Scam – Small Business Administration (SBA) is Exposed as Corporate Welfare to Big Businesses
Sears to accelerate closings, shutter 235 stores
GlaxoSmithKline cutting hundreds of US jobs
Crews break up homeless camp in Silicon Valley
Video of the Day – This Is What Happens When You Call the Cops
House OKs military campaign against extremists
A Comprehensive Breakdown of America's Economic House of Cards

And finally...
Woman: Jail threats won't stop loud sex

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