Thursday, January 08, 2015


News Links, January 9, 2015

## Global Ponzi meltdown/House of Cards ##
Oil Export Plunge Signals Canada Economy Running on Empty
Oil collapse threatens Ottawa's balance plans: 'There'll be a big hit right up front'
Deutsche Bank: 'Canada Is In Serious Trouble'
Dry bulk market starts new year on the back foot
German Factory Orders Fell Amid Uncertain Outlook
How You Can Tell If You Are Living under the Rule of Money Printers
Coke To Fire 1800, Caterpillar Laying Off 200
China agrees to financing for Ecuador, Venezuela
Eurozone Retail PMI Sinks Again
Three Singapore banks wary of housing meltdown
The slow-down in Singapore's property market has reduced high-end condominium prices and raised concerns that major local banks could be vulnerable to a surge in non-performing housing loans.
Oil Derivatives Explosion Double 2008 Sub-Prime Crisis

## Airline Death Spiral ##
United Airlines crew sacked for refusing to fly after seeing 'threatening' message under plane
The return of the airship: Once the stuff of history, dirigibles are making a surprise comeback
JetBlue Nudges Fliers on Etiquette After Summer of Air Rage
Mystery Crashes Spawn Deadliest Year for Air Travel Since 2005

## Fault lines/flashpoints/powder kegs/military/war drums ##
Report: France To Deploy Aircraft Carrier To Gulf in IS Fight
US Air Force Drops Record Amount Of Bombs Against Islamic State In Iraq And Syria
ISIS Claims To Have Executed Two Tunisian Journalists
Iran-Backed Militias Are Getting U.S. Weapons
US Troops in Iraq Under Fire From ISIS on 'Regular Basis'
New UN Report Highlights Israeli Connection To Syrian Death Squads
Saudi Arabia: Bad Moon Rising
U.S. to cut European military bases as budgets shrink
Russia Enables Foreigners To Serve In Armed Forces
Boko Haram Torches Nigerian Town of Baga; 2,000 Missing

## Global unrest/mob rule/angry people/torches and pitchforks ##
Attacks Reported At French Mosques in Wake of Charlie Hebdo Massacre

## Energy/resources ##
Less Gulf, more golf: job cuts likely as oil price drop shreds profits
BP's downsizing plan will likely result in cuts to management teams in the south-east for its North Sea operations
Bakken Oil Prices Not Far From 2008-09 Lows
Lundin Slashes 2015 Budget by One-Third
Sweden's Lundin Petroleum announced Wednesday that its 2015 development, appraisal and exploration budget will be almost one-third lower than last year's budget.
Are Biofuels Finally Over?
The Seneca Cliff of Energy Production
The Worrying Math From US Shale Plays
How Bad Is It For Shale Companies: The Cost Of Resolute Energy's New Second-Lien Debt: 25%!
Mounting Debt For Oil Drillers
The problem is that oil prices won't rise until there is a cutback in production. But with more debt to pay off, no company can afford to reduce production now. Indeed, drillers are even more desperate to maintain or boost production so that they can substitute lost value with more volume.
Shale explorer Sanchez Energy cuts spending
Rig activity drawn down by 60 percent from fourth quarter 2014.
Oil price slump hits Canadian producer
LNG demand not materializing in Asia
No chance of OPEC output cut, even after oil dips below $50: Gulf delegates

## Got food? ##
McDonald's Japan Reports More Past Incidents of Objects in Food

## Environment/health ##
Climate Mission Impossible: Scientists Say Fossil Fuels Must Go Untapped
Scientists create first new antibiotic in 30 years - and say it could be the key to beating superbug resistance
Texas Rattled by 11 Earthquakes in Less Than 48 Hours

## Intelligence/propaganda/security/internet/cyberwar ##
Leap second: computer chaos feared as scientists let world catch up with clocks
Snowden: U.S. policies diminish cyberattack defenses
Global Hawks achieve flight-hour record
The Guardian Finally Starts to Report the Truth about Ukraine's War
Your Next Password Is Unhackable, Unforgettable, and Not Even a Password at All
New York Prosecutor Calls for Law to Fight Apple Data Encryption

## Systemic breakdown/collapse/unsustainability ##
10 decapitated bodies found in troubled Mexican state of Guerrero
Subaru recalls 199K vehicles to fix brake line rust
US Suburbs as Poverty Traps: So the American Dream Fizzles
More Contaminated Food in Japan

## Japan ##
Krugman's Japanese Legacy: Record Households On Welfare, Corporate Bankruptcies Soar, Majority Of Households Worse Off
Abenomics a failed experiment
Bankruptcies caused by weak yen surge 2.7-fold in 2014
Metal fry fragment accusation joins list of McDonald's woes
Metal screw found in Watami meal box
Tokyo comes to grips with reality of separate sites for Olympics
Japan announces new laws to force workers to go on holiday
Japanese People Feel Their Lives Are Worse Off
No. of flu patients soars across Japan
Business sentiment down for 5th straight month

## China ##
China Wants Taxes Paid by Citizens Living Afar
Chinese Developer Kaisa On Verge Of $5Bn Default; Who's Next?
China property sales: Gaps widen among developers in tough 2014

## UK ##
Standard Chartered to Close Cash Equities, Cut 2000 Jobs
Stretchers lining the corridors and unbearable crowding: The reality of life working on the front line of the NHS
London to expand 100-year-old power plant to run "Tube" railway

## US ##
Suburbs and the New American Poverty
More people with low incomes now live outside of cities, and some areas are ill-equipped to deal with the influx of the poor.
JC Penney to shut 40 stores and cut 2,250 jobs this year
Private pension fund levels fall behind
Renters' paychecks hit hard in priciest cities
US consumer debt up $14.1 billion in November
Most Americans are one paycheck away from the street

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