Monday, January 12, 2015


News Links, January 13, 2015

## Global Ponzi meltdown/House of Cards ##
Biggest Bubble: Central Bank Credibility; Cautionary Tale of Global Gloom from Down Under
Australia shares fall on weak oil, ore prices
Ebola Hurts More Than the Sick: World Bank
Ebola is ruining the economies of Liberia and Sierra Leone and may cause widespread food shortages as farmers struggle to bring in harvests, according to a New World Bank report.
Oil-driven Asian bond rally could boomerang
The Achilles Heel of the Global Status Quo: Deflation
India on brink of 'quantum leap,' Modi tells investors
Dubai World gets majority creditor backing for $14.6 billion debt deal
State-owned conglomerate Dubai World [DBWLD.UL] edged closer to a second major restructuring in four years on Monday after announcing it had reached agreement with a "substantial majority" of creditors to back its $14.6 billion debt deal.
Iran out billions of dollars in oil revenue
Oil markets are bleeding red
Dim prospects for oil prices pushed key indices into negative territory Monday, with Brent and WTI both off more than 3 percent from the previous session.
Foreign currency reserves in Ukraine plunge 63 percent in 2014
Mind The Valuation Charts: Stock Market Now 89% Overvalued, Second Highest Since 1929

## Airline Death Spiral ##
Angry China Eastern passengers detained for opening emergency exit doors to stop flight
Chinese police detained 25 angry plane passengers who opened emergency exit doors before take-off after their flight was delayed by snow.
Reports of unruly air passengers spike in 2014
South African woman faces air rage charges
Changes to frequent-flier plans snub average flyers
Jakarta suspends 61 flights of 5 airlines
United studies outsourcing up to 2,000 airport jobs
United Continental Holdings Inc. on Monday said it may outsource up to 2,000 jobs at 28 U.S. airports, including Atlanta, Miami, St. Louis and West Palm Beach, Fla., to vendors who would perform the duties at lower cost.
Skymark occupancy rate hits 4-year low
Skymark mulls seeking funds from ANA

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Road To War With Russia – We're not only on it; we've already arrived
In heaviest fighting since August, Kurds turn back Islamic State assault near Irbil
Must read: Iran eclipses US as Iraq's ally in fight against militants
Could ISIS Attack Saudi Oil?
Two more girl suicide bombers hit north Nigeria town
US Military establishes new Pacific task force
Ukraine's Creditors Grab for the Biggest Pieces of Its Carcass
Canadian military on the lookout for spies and sabotage during annual Arctic training: internal documents
French Soldiers Flood Streets Of Paris After Charlie Hebdo Attack, Jewish Community On Alert
Sweden Confirms Secret Second Hunt For Another Russian Submarine
U.N. ambassador: More Iran sanctions could backfire
Japan, China resume talks on maritime hotline

## Global unrest/mob rule/angry people/torches and pitchforks ##
Human Rights Activists Protest "Torture Policies" on Former VP Dick Cheney's Porch
Blackout backlash: Near-criminal feedback over power outages (Finland)
6 reported dead in renewed Uighur violence in western China
Police killed six militant "thugs" in China's rebellious Xinjiang region Monday after several of them reportedly tried to set off an explosive device, according to state media.

## Energy/resources ##
Are The Bakken's Sweet Spots Past Their Prime?
North Dakota county feels Bakken boom ebb away as oil falls
This Is Just the Beginning of the Great American Oil Bust
Shale Drillers Can Brag About Their Holdings. Investors Ask: How's Your Debt?
The Scariest Chart For America's Shale Industry
Philippines Sees Dressing Down as an Answer to Looming Blackouts
Office workers in the Philippines could be donning shorts for work this summer as air conditioners are dialed back to cut electricity demand and stave off blackouts.
Shades of Japan's "cool biz." -- RF
Sweden's Ringhals-1 nuclear reactor shut unexpectedly
Hundreds of Russian Coal and Oil Trains See 'Critical' Seaport Delays
Many trains with oil and coal cannot be unloaded due to bad weather and faulty equipment at ports in Russia's Far East, Northern Caucasus and northwestern regions, Russian Railways said in a statement late last week, calling the situation "critical." More than 300 trains — a total of about 19,000 wagons — are affected, according to Russian Railways. This is a 20 percent increase over the same period last year.
Peak Oil Pulled a Fast One on Me
The oil price collapse: what's so special about it?
Why Oil Is Headed Below $35/Barrel
How Much Oil Goes Missing at $50/barrel?
Country faces petrol, furnace oil shortage (Pakistan)
North Sea oil and gas up against wall
Analysis finds low oil prices cause for grim forecast for regional energy sector.
Hacking of Korea's nuclear operator raises risk of ageing reactor closures
The hacking of South Korea's nuclear operator means the country's second-oldest reactor may be shut permanently due to safety concerns, said several nuclear watchdog commissioners, raising the risk that other ageing reactors may also be closed.
Debt-laden RWE cuts spend on renewable business
Germany's No.2 utility RWE is cutting back investments in its renewable energy business, under pressure from a crisis in the power sector that has swelled its debt pile to 31 billion euros ($36.7 billion).
Borissov warns of Bulgarian energy 'catastrophe'
South Africa on the brink of a national black-out – Eskom CEO
Eskom CEO Tshediso Matona on Monday told stakeholders that one unexpected event at any of its power stations can push the country to the total failure of the national electricity system that may take weeks to resolve.
U.S. oil tanks barely one-third full beckon crude contango play

## Got food? ##
Supermarkets 'failing to tackle deadly chicken bug' (UK)
Campaigners sign an open letter to seven supermarkets demanding action on campylobacter, which contaminates most chickens and causes food poisoning

## Lifestyle Solutions ##
Desire to unplug resonates in New Year

## Environment/health ##
Ohio Quakes Linked To Fracking
Geologists from the University of Miami report that hydraulic fracturing, or fracking, caused 77 small earthquakes in northeastern Ohio, an area that is normally geologically quiet.
A Bamboo Tower That Produces Water From Air
Dinosaurs passing wind may have caused climate change
Climate Change Migration: Pakistan's coastal villagers retreat as seas gobble land
Smartphones and tablets cause skin wrinkling condition dubbed 'tech-neck'
iPhone separation anxiety is real, study says
Taiwan widens poultry cull
Taiwanese officials have ordered all poultry at six local farms in the island's south to be culled after the discovery of the presence of two bird flu strains in checks on 24 farms.

## Intelligence/propaganda/security/internet/cyberwar ##
Must read: Authoritarian, Anti-Free Speech Politicians Pose for Staged Photo Op in Paris
Does your college allow free speech?
Will any of the 2016 presidential candidates mention the many colleges that widely censor students' free speech?
Twisting the Iran-Nuke Intelligence
Since the Reagan administration broke the back of professionalism at the CIA's analytical division, U.S. intelligence has regularly been twisted for geopolitical purposes, including the case made over Iran's alleged nuclear weapons program.
Obama Declares War On 'Extremism' – Are You An 'Extremist' According To His Definition?
Let's study AI before we ask it to cure poverty and disease: FLI
Still Secret: 28 Pages That Could Change Our Understanding of 9/11
iPhone lovers who didn't have their phones performed poorly on cognitive tasks
CENTCOM's Twitter, YouTube accounts hacked
2 airlines were targets of attempt to steal customers' miles
Facebook knows you better than your members of your own family
Memo To "Unity" Politicians: After 24 Years Of Bombing Iraq/Yemen/Libya/Syria Etc.—–Can You Say Blowback?
The Sorry Record of a Muslim-Basher
Jumping on the Muslim-bashing bandwagon, Fox News' commentator Steven Emerson claimed Muslims have seized control of parts of London and all of Birmingham, terrorizing non-Muslims to flee, claims so absurd that even he was forced to back-track.

## Systemic breakdown/collapse/unsustainability ##
The central contradiction in the modern outlook: 'Planet of the Apes' vs '2001: A Space Odyssey'
GM gets 141 more claims for faulty ignition switch compensation
The Clash of Civilizations

## Japan ##
JAPAN: Long life causes problems for Japan's healthcare system
Japan readies record $800 billion 2015-16 budget: sources
Japan to revamp legal framework to promote robots
House prices for Tohoku disaster victims up sharply
The prices of single-family houses being built for people now living in temporary housing after the 2011 Great East Japan Earthquake are rising considerably from original estimates because of labor shortages and the  soaring costs of construction materials, according to sources.

## China ##
Kaisa Group Appears To Default On Offshore Bond Debt After Defaulting On HSBC Loan
A Chinese property developer, which was seemingly in good financial shape until recently, appeared to default on an offshore bond payment Thursday, raising concerns among international investors with an interest in the country's property market, according to reports.
Controversial Hong Kong Media Tycoon's Home Firebombed
The home and former offices of Hong Kong media tycoon Jimmy Lai, an outspoken critic of Beijing who also played a prominent role in large pro-democracy protests last month, were firebombed early on Monday, a spokesman said.
China's Stocks Drop for Biggest Three-Day Loss Since June 2013
Six attackers killed by police in Xinjiang
In latest scandal, China arrests dozens for selling pork from diseased pigs

## UK ##
UK oil firms warn Osborne: Without big tax cuts we are doomed
Bus crisis looms as councils cut services 'at an alarming rate', campaigners say
Half of local authorities in England and Wales are withdrawing or reducing their bus services as a result of funding cuts, according to a report from a public transport campaign group which warns that passengers face a "bus crisis".
Less than half of workers will get full 'flat rate' state pension
Official figures show around two million people will receive less than the advertised 'single-tier' amount from the new state pension
Trees under threat: The oak, beech and birch could be lost if Britain does not act quickly
David Cameron warns of 'legacy of debt'
Eyeing election, UK's Labour seeks to force energy firms to cut prices
New Salaries In London's Financial Services Up 18%
WhatsApp and iMessage could be banned under new surveillance plans

## US ##
Aerial Photos Expose the American Prison System's Staggering Scale
Terrorist Sleeper Cells Likely Operating Inside The United States, Sen. Dianne Feinstein Says
New York's Most Expensive And Opulent Condos And Co-Ops Are... Empty
Quite a dilemma: Too young to retire, too old to rehire
Crash and grab: ATM ripped from convenience store with truck
Students Thwarted In Plot To Kill Their Fourth Grade Teacher Using Hand Sanitizer
Public Pension Returns Inflated By Bogus Private Equity Returns: Study
A lot of the gains the private equity industry purports to have achieved are of the on-paper-only variety. Far from cash in the bank, they are instead estimates of the value of assets that have yet to be sold -- assets that pension systems are relying on to ultimately finance benefits for millions of current and future retirees.
Holiday retail hiring falls below expectations
It was supposed to be a happy holiday for workers looking for retail jobs during the industry's busiest time of year, but the reality didn't live up to the expectations. And now, making matters worse, several retailers are looking to start off the year with hefty job cuts, according to outplacement firm Challenger, Gray & Christmas.
Stagnant middle class incomes: The political fallout
In resort towns, working class squeezed out as rich move in
Hotter Than Lava
Every day, cops toss dangerous military-style grenades during raids, with little oversight and horrifying results.
Foreign ownership of U.S. equities hits 69- year high
Living the American Dream is a Nightmare
Rising Deflationary Risks in the United States

And finally...
New ranking calls out California for social media narcissism
Guy skips work for 24 years, gets fired

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