Wednesday, January 07, 2015


News Links, January 8, 2015

## Global Ponzi meltdown/House of Cards ##
Euro zone prices fall more than expected in December, likely to trigger ECB action
Global Economic Meltdown? 3 Signs The World Economy Could Be In Deep Trouble
The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else (David Stockman)
Global Economy At Risk From Oil Price Dive
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices?
Oil-Bust Bloodletting: Projects Cancelled, Layoffs Ripple to Other Areas, Default Hits Private-Equity and Pension Funds
Why the Trans-Pacific Partnership Agreement is a Pending Disaster
UK, Greek election anxiety may see Brexit feed Grexit
10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW
Russia Sanctions Stir Up Top-Level Mini-Revolt in Europe
Europe's Monetary Madhouse
If you want to know where the global experiment in massive money printing is heading—-just take a look at the monetary madhouse in Europe. And that particular phrase has full resonance once again as it becomes more apparent by the hour that Europe and the Euro were not fixed at all. Indeed, beneath the surface of Draghi's "whatever it takes" time out, the crisis has been metastasizing into ever more virulent deformations.
What's Happening in Commodities is Just the Tip of the Derivatives Iceberg
Greek 10-Year Bond Yields Exceed 10%
Who Will Be Hurt The Most If Greece Defaults
Germany Buckles on Greece Already; Advantage Syriza
The dollar, on a 'hurricane path of destruction,' is set to fall
Indonesia Mulls Canceling Trade Pact With Japan After Years of Deficit

## Airline Death Spiral ##
U.S. senator urges tighter screening for all airport workers
FAA to require airlines use data to prevent accidents

## Fault lines/flashpoints/powder kegs/military/war drums ##
Charlie Hebdo Shooting: 12 Killed at Muhammad Cartoons Magazine in Paris
French police identify 3 suspects in attack that killed 12
Japan seeks to sell sub-hunting jet to UK as Abe pushes arms exports
U.N. confirms Palestinians will be ICC member on April 1
Iran, six powers to hold nuclear talks on January 18: EU
Report: General warns that drone crews are overstretched
Mexico's president talks economics with Obama, but lawlessness still presses
Obama asks Mexico's help to keep some people out of U.S.
Libyan Air Force Acquires New Russian Jets As Bombing Continues Near Sirte
Surge in Mekong hydropower projects riles neighbors, environmentalists

## Global unrest/mob rule/angry people/torches and pitchforks ##
Commuters face train chaos as industrial action cripples Metro's fleet (Melbourne)
Policemen attacked, vehicles torched (Bangladesh)
9 die in confrontations with Mexican forces in Michoacan
Federal troops and police engaged in two clashes with armed civilians in a western Mexico city Tuesday, and nine civilians were killed, the federal security commissioner for Michoacan state said.
Anti-Islam protests 'tearing apart' German society
Paris Charlie Hebdo Attack: Spontaneous rallies of defiance sweep France
Protesters Seize Mexican Leader's Visit to Denounce US Funding of State Violence

## Energy/resources ##
Bunker Fuels account for 70% of a vessel's voyage operating cost
Energy Crash - 97% of Fracking Now Operating at a Loss at Current Oil Prices
2015: Asymmetric Oil Warfare
Shale player pulls plug on Ukraine
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming
Inside The Oil Price Crash: Vital Global Production Statistics, January 2015
Oil price slump deepens as drillers seen slashing spending

## Got food? ##
GMO-Free Food Sales Explode Amid Public Awareness
McDonald's runs out of French fries in Venezuela

## Lifestyle Solutions ##
Why "Minimalism" Should Be Your 2015 Resolution

## Environment/health ##
Researchers develop soil-derived antibiotic
New health extremes in developing countries: Obesity and malnutrition
Too cool for school as arctic air sends the mercury plunging (US)
Shell To Pay $84 Million for Nigerian Oil Spills: 'Inadequate for Damage Done'
23andMe To Sell Customers' Genetic Data To Biotech Company
Heavy Cell Phone Use Can Quadruple Your Risk of Deadly Brain Cancer

## Intelligence/propaganda/security/internet/cyberwar ##
Major Bitcoin Exchange Bitstamp Goes Offline After Possible Hack
With Power of Social Media Growing, Police Now Monitoring and Criminalizing Online Speech
Outdated Regulations Will Make Consumers Pay More for Broadband
Quarter of Americans and More Than Half of Republicans Still Believe Iraq WMD Myth
Md. station's Twitter, website hacked by ISIL supporters

## Systemic breakdown/collapse/unsustainability ##
Oil and the Economy: Where are We Headed in 2015-16?
Our System Is So Broken, Almost No Patented Discoveries Ever Get Used
New cartel emerges in Mexico as government dismantles larger drug gangs
The Triumph Of Stupid: Senator Rubio That's You, Among Other Beltway Chickenhawks
Although I personally think the stupid has been here all along. -- RF

## Japan ##
Number of households on welfare hits record high
Gov't expecting Japan's economy to shrink in FY 2014: sources
McDonald's Japan apologizes after tooth, plastic found in food
JGB yield touches new low
Kepco faces decision on aging Fukui reactors
Kansai Electric Power Co. says it will soon decide the fate of 11 aging reactors, while Japan Atomic Power Co. maintains that the nation's oldest reactor will not operate beyond 2016 and is likely to be decommissioned.
Cricket found in package of baby food
Poor families finding elite universities increasingly out of reach

## China ##
China's SUV Boom Faces Growth Slowdown
The False Hope Of Chinese Economic 'Rebalancing'
Controversial Chinese oil rig headed to Indian Ocean
China Amps Up an Old Dream of Green Belts

## UK ##
Revealed: Bank of England disarray in the face of financial crisis
Previously secret documents detail scramble to prop up high-street banks during worst collapse in modern history
NHS in critical condition as A&E waiting times are worst in a decade
There are grave doubts over the NHS' capacity to cope with ever-growing demand this winter after emergency departments recorded their worst week in a decade, and more than a dozen hospitals were forced to implement "major incident" emergency plans.
UK public must wake up to risks of CCTV, says surveillance commissioner
The increasing use of surveillance technology – including body-worn video, drones and number plate recognition systems – risks changing the "psyche of the community" by reducing individuals to trackable numbers in a database, the government's CCTV watchdog has warned.
Shop prices fell in every month of 2014 as deflation continues
Sainsbury's Bank systems failure leaves shoppers unable to use credit cards
Tony Blair 'could face war crimes charges' over Iraq War

## US ##
Mind The Rig Count—–The Headwinds From The Oil Price Collapse Are Gathering Force
Approximately 1 Million Unemployed Childless Adults Will Lose SNAP Benefits in 2016 as State Waivers Expire
U.S. surveillance drones largely ineffective along borders, report says
The (Real) Bank of America
The USA has a bizarre $3 trillion portfolio of loans on its books—and no one in charge.
Gov. Brown lauds bullet train project at groundbreaking ceremony
It's highly doubtful that this project will ever be finished. Less-ambitious, low-speed train networks for both passengers and freight are much more sensible. -- RF
Jeb Bush Has Spent the Last Seven Years Getting Filthy Rich
House GOP forcing 2016 debate on Social Security's finances
Nanny state gone wild: A Winter Wonderland of Fear – Cities Across the U.S. Move to Ban Unregulated Sledding
On The Verge Of The Next Economic Crisis, 62 Percent Of Americans Are Living Paycheck To Paycheck
Oil Prices 2015: Why Economists Fear 'Nightmare' Deflation
Wet Seal Closing 300 Stores, Laying Off 3,700 Workers
No Escape Velocity On The Factory Floor——Orders Flatlining At Pre-Crisis Levels

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