Thursday, January 15, 2015


News Links, January 16, 2015

## Global Ponzi meltdown/House of Cards ##
Without QE, "Eurozone Financial Markets Would Collapse": French Megabank
Global economic outlook is glum despite cheaper oil: IMF
The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance
India Unexpectedly Cuts Rates in Unscheduled Review
Oil Collapses and Copper Crashes 8% in Day – Great Recession Cometh?
Oil Price Rebound Could Spell Disaster For Developing Nations
Swiss central bank stuns market with policy U-turn
Switzerland Just Rang The Bell: The Era Of Central Bank Omnipotence Is Ending
Dow Jones Industrial Average Tumbles 100 Points, Gold Surges After Swiss Central Bank's Surprise Move
Target announces plans to exit Canadian market
Target will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the company billions in write downs.
How Target Canada's exit is like 15 malls closing at once for the retail world
Fortescue under scrutiny as Australian crisis deepens
Debt laden Fortescue Metals Group, the world's fourth largest iron ore miner by production volume, is coming under growing market scrutiny amid slowing economic growth in China, the biggest importer of the commodity.
Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions
Greece May Get Debt Extension, Rehn Says in Urging Unity
Adobe plans up to $2 billion share buyback
Why Google wants to be a money lender
Thailand's plan to use prison labor at sea condemned
South Korea slashes 2015 economic growth forecast

## Airline Death Spiral ##
Pilots say further Lufthansa strikes likely in coming weeks
Airline flights crowded so no need to cut fares
Skymark gives up on ANA funding deal, to improve financial standing on its own
Southwest Airlines fined $1.6 million over tarmac delays

## Fault lines/flashpoints/powder kegs/military/war drums ##
International force mulled to fight Boko Haram in Nigeria
White House: 'We Look Forward' to Working with GOP on Limitless War Authorization
U.S. lawmakers push ahead on Iran sanctions - senior senator
Donetsk Airport Battle Continues As Conflicting Reports Arise In Ukraine
The Great Wall of Saudi – Feudal Desert Kingdom to Build 600-Mile Wall to Protect from ISIS
Belgian counterterrorism police kill 2, arrest 1 in Verviers raid

## Global unrest/mob rule/angry people/torches and pitchforks ##
Activists Protesting Police Violence Shut Down Boston Highway, 29 Arrested
No end in sight to Bangladesh's political turmoil
Turkish nationals held over failed escape of Xinjiang terror suspects (China)

## Energy/resources ##
The Fed and the Price of Oil
Given the potential for financial losses triggered by oil's price collapse to cascade into the financial sector at large, the Fed may well be forced to intervene either directly or indirectly.
Russia to Shift Ukraine Gas Transit to Turkey as EU Cries Foul
BP cuts North Sea workforce
Gravy Train Derails for Oil Workers Laid Off in Slump
Schlumberger takes $296 million charge for 9,000 job cuts
Tullow Slashes Exploration Budget
Independent energy firm Tullow Oil revealed Thursday that it would cut its exploration budget to just $200 million this year after spending approximately $1 billion on exploration activities in 2014.
China's AP1000 nuclear plant faces further delays -SNPTC 
The Vanishing WTI/Brent Spread
Madagascar names new PM amid public grumbles over blackouts
Arctic explorers leave hostile waters as oil plunges

## Got food? ##
McDonald's Japan to inspect all its outlets
Nationwide smoked salmon recall due to Listeria contamination: Food and drug recalls
Massachusetts firm recalls ground beef for possible plastic contamination
How Plastics From Your Clothes Can End Up in Your Fish
Recalls: Glass and plastic contamination

## Environment/health ##
Inactivity 'kills more than obesity'
40 patients mistakenly given unsterile intravenous fluid
Social Cost of Climate Change Vastly Underestimated
4 Ways Road Salt is Harmful to the Environment
More than three quarters of US flu shots ineffective: Report
Rate of environmental degradation puts life on Earth at risk, say scientists
Humans are 'eating away at our own life support systems' at a rate unseen in the past 10,000 years, two new research papers say
Another bird flu case prompting massive chicken cull in Japan

## Intelligence/propaganda/security/internet/cyberwar ##
John Brennan Exonerates Himself with Sham Investigation
The outrageous whitewash issued yesterday by the CIA panel John Brennan hand-picked to lead the investigation into his agency's spying on Senate staffers is being taken seriously by the elite Washington media, which is solemnly reporting that officials have been "cleared" of any "wrongdoing."
Bitcoin's Tracability May Result in Conviction of Ross Ulbricht
Bitcoin Price Freefall Has Its Startups Suspending Operations
Federal Agent Says He Secretly Infiltrated Silk Road
Charlie Hebdo: "Je Suis White People"
Millions of citizens of one of the bloodiest empires known to man – the French colonial state – this weekend pretended to be the most enlightened, yet maligned, people on earth. "The convenient selective amnesia of the French people is as stunning as their sense of feeling more aggrieved than anyone else in the world." Tell that to the Haitians, Libyans, Algerians, Vietnamese and the peoples still dominated by France in sub-Saharan African.
Former Contributor To French Satirical Weekly Charlie Hebdo: 'I Really Hold It Against You, Charb
Elon Musk Donates $10 Million to Protect the World From AI
Zombie Cookie: The Tracking Cookie That You Can't Kill
10 News Outlets to Test Drones for Journalism
US and UK plan cyber 'war games' to test resilience
France Sees 19,000 Cyberattacks Since Terror Rampage

## Systemic breakdown/collapse/unsustainability ##
IRS Watchdog Says Taxpayers In For 'Devastating' Tax Season
Nina Olson, the taxpayer advocate at the IRS, doesn't mince words about how bad the upcoming tax season is likely to be. The terms "devastating erosion of taxpayer service," "sad state of affairs" and "collective denial" all apply, she wrote in her latest annual report to Congress.

## Japan ##
Bird flu outbreak confirmed in Okayama Prefecture
BOJ says minimum 1% gain in base wage needed for recovery: sources
Will 2015 be the year hydrogen took off?
Govt to allow Cabinet OKs for military deployments by phone in 'gray' cases
4 utilities to dismantle 5 aging N-reactors
New subsidy system designed to expedite restarts of nuclear reactors

## China ##
China deploys militias to guard North Korea border
China's Credit Growth Surges; Shadow Banking Stages a Comeback
Strikes by Taxi Drivers Spread Across China
China banks' lending hits record $1.58 trillion in 2014
China clamps down on Uighurs after Paris attacks

## UK ##
UK North Sea oil drilling work lowest in 15 years
The number of oil wells drilled in the British part of the North Sea fell to the lowest level in 15 years last year, data showed on Thursday, underlining the basin's struggle with high exploration costs that have contributed to a decline in output.
Half of money set aside for local welfare left unspent, says study
Hundreds of thousands of applicants for emergency financial help turned away by councils says Centre for Responsible Credit
'Stealth' speed cameras on motorways to be rolled out after catching 700 drivers in two months
Energy bills for poorest have risen at twice the average UK rate, research shows
Immigration adds a city a year to Britain's population

## US ##
FBI: Ohio man planned to bomb US Capitol, kill officials
A 20-year-old Ohio man's Twitter posts sympathizing with Islamic terrorists led to an undercover FBI operation and the man's arrest on charges that he plotted to blow up the U.S. Capitol and kill government officials.
Which state has half of its eligible adults not working? The dismal employment participation rate across the United States.
Nanny state gone wild: Maryland Parents Being Investigated for Neglect After Letting Their Kids Walk Home from School Alone
Nanny state gone wild: Tobogganing banned across US after towns forced to pay millions to injured kids
North Dakota rigs at 5-year low
US takes first step to ending Cuba trade embargo
U.S. jobless claims rise to four-month high
Delaware judge stays Caesars bankruptcy case
Increase taxes to stop defense cuts?

And finally...
Chicago strip club gets neighborhood cleanliness award

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