Saturday, January 24, 2015


News Links, January 25, 2015

## Global Ponzi meltdown/House of Cards ##
This Is The Beginning Of The End For The Euro
"World Running Out of Positive-Yield Bonds"
World Bank warns of 'extremely rare' decline in all 9 commodity sectors this year
Evaporating inflation and growth put pressure on central banks
Troika Punches Panic Button on Greece and Spain
The Davos oligarchs are right to fear the world they've made
Vancouver's housing market ranked second most unaffordable in the world
Trans-Pacific Partnership Deal Isn't Secret, Says US Official, But Access To Text Is Highly Restricted
South Korean economic growth slows
South Korea's fourth-quarter growth slowed to its weakest pace in more than two years, as investment dwindles despite two interest rate cuts last year.
A Ruthless Tyrant Dies in the Desert and Western Leaders Trample Over Each Other to Sing His Praises
What Does the Bank of Canada Know That We Don't?
In a totally unexpected move, the Bank of Canada cut the overnight interest rate by 25 basis points on Wednesday. This of course makes me wonder what the Bank of Canada knows that the rest of us don't! I mean usually the Bank indicates a bias towards cutting interest rates, but this was just out of the blue. It signals that the oil shock on the economy is going to be a lot more significant than anyone expected.
17,600 Laid-Off Canadian Target Workers Stunned At Ex-CEO's "Walk-Away" Package
If oil drops below $30 a barrel, brace for a global recession

## Airline Death Spiral ##
SkyMall files for bankruptcy
Mechanics union sues American Airlines over breach of FAA rules
The lawsuit accuses American Airlines managers of pressuring mechanics to breach federally-mandated safety measures in order to keep airport schedules running on time.
U.S. airliners land in Atlanta after bomb threats
10 things the TSA won't tell you

## Fault lines/flashpoints/powder kegs/military/war drums ##
Attack on Mariupol Begins; 7,000-8,000 Ukrainian Forces Nearly Encircled in Northern Cauldron; US Sends Army Trainers
Some counter-terrorism efforts in Yemen frozen for now - U.S. officials
Netanyahu Side-Steps White House in Bid to Sabatoge Iran Talks
It's downhill for US after Saudi king dies: Experts
Boko Haram Violence Is Causing Massive, Silent Displacement As Regional Forces Fail To Stop Militants
Mapping The World's Greatest Risks (According To Davos)
Did 'rogue agents' lead to death of Argentine prosecutor?
US Terror Operations in Yemen 'Paralyzed' by Rebel Takeover

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds join 'Je suis Muslim' rally in Sydney
Thousands Of Palestinians Protest Charlie Hebdo Muhammad Cartoon
Protest on campaign spending disrupts Supreme Court
Police Fire Tear Gas, Rubber Bullets At Sao Paulo Protesters Opposing Hike In Transportation Fares
Thousands stage anti-Houthi protests across Yemen

## Energy/resources ##
Libya oil production plummets as tribes fight to control field in south
Oil Dinosaurs Face Extinction: State Oil Companies and the Meteor-Strike of Low Oil Prices
State-owned oil companies that don't slash expenses to align with revenues and boost critical investment in the infrastructure needed to maintain production will suffer financial extinction.
Oil Drilling Cut Fastest Since Stock Market Crash
The decimation of drilling activity in the US oil patch is getting serious. The number of rigs drilling for oil dropped by another 49 rigs to 1,317 in the latest week, after having dropped by 55 and 61 rigs respectively in the prior two weeks. The rig count is now down 18.1% from the second week of October 2014, when 1,609 rigs were drilling for oil.
US oil producers can't keep drilling at $45 oil: Pickens
U.S. oil rigs at two-year low this week
Drought Forcing Brazil To Turn To Gas
Russia May Be Forced Into Production Cuts Says Deputy PM
With Oil Prices Stubbornly Low, France's Total Will Cut Costs, But Not Jobs
Brazilian Government Admits Need for Energy Rationing if Reservoirs Reach 10% Mark
Dry spell ahead may see water rationing for Singapore
Illinois misses the fracking boom because of falling oil prices

## Infrastructure scavenging ##
Verizon posts WANTED poster for copper rustlers

## Got food? ##
We're not lovin' it: McDonald's most notorious scandals
KFC Japan runs out of fries, halts sales

## Environment/health ##
Senator 'Astounded' That Nonprofit Hospitals Sue Poorest Patients
Mass Death of Seabirds in Western U.S. Is 'Unprecedented'
"Dire" needs of southern African flood survivors unmet two weeks on - TRFN
Pelicans Fall Victim To Throat-Slashing Attacks In Florida, Leaving Them To Starve To Death
The Great Barrier Reef could lose 90% of its coral
Australia bans waste dumping on Great Barrier Reef
Disneyland measles outbreak spreads
'The mysterious and majestic blue hue' emanating from Hong Kong seas is cause for concern, scientists say

## Intelligence/propaganda/security/internet/cyberwar ##
Saudi Arabia's Tyrant King Misremembered as Man of Peace
'Nauseating' Praise for Dead Saudi King Exposes Hypocrisy of West, Say Critics
Congo extends internet blackout

## Systemic breakdown/collapse/unsustainability ##
Into thin air: Boston pipes leak $90 million in fuel yearly - study
Boston's aging pipeline network leaks about $90 million worth of natural gas each year, marking a sizeable financial loss and a threat to the environment, according to a study released on Thursday by Harvard researchers.
These are the world's deadliest cities
Oil Drillers 'Going to Die' in 2Q on Crude Price Swoon
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
The 8 Major Geopolitical Catalysts Of 2015
Volkswagen to recall 80,000 Audis; 35,000 in China
Kia Motors recalls nearly 87,000 Forte sedans in U.S. due to fire risk
Despite Slowed Growth, China Still Built Far More Skyscrapers Than Any Other Country In 2014
So Far, 2015 Is Pure Dystopia

## Japan ##
Islamic State demands release of woman held in Jordan for life of Japanese hostage
KFC Japan runs out of french fries due to U.S. industrial dispute
Flu epidemic alert issued for all 47 prefectures
Shortage of pilots felt as 'doctor copters' take off
TEPCO to rely on cosmic beams to glimpse melted fuel inside Fukushima reactors
Tepco, Chubu expected to buy 6 LNG cargoes from Vitol, GDF Suez -traders

## China ##
China January factory growth stalls, deflation pressures build, bad debt rises
Are Muslim Uighurs fleeing China to join the Islamic State?
China Manufacturing Flat-Lining In Slight Contraction

## UK ##
Overcrowded hospitals 'killed 500' last year, claims top A&E doctor
Ministers warned that the NHS is facing 'a disaster' of ever-busier accident and emergency departments and bed-blocking
Dairy farmers warned: milk prices have further to fall
End of EU quota system could lead to desperate farmers adding to the milk glut and hundreds opting to leave the industry
Fulham 'swathed in scented candles' as people joke about massive power cut

## US ##
How Low Oil Prices Are Turning U.S. Into Another Russia
This Chart Shows Why the Oil Bust Will Last
'Not Mayberry anymore': Oil patch cops scramble to keep up
Profits of doom: For-profit colleges are the resurrection of subprime mortgage lenders for the college industry.
Dallas police seek smash-and-grab ATM thieves

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