Wednesday, February 18, 2015


News Links, February 19, 2015

## Global Ponzi meltdown/House of Cards ##
Shipbuilding Orders Slump As Baltic Dry Hits Fresh Record Low
Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st
Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed
Greece to ask for loan extension: Report
Greece Has Less Than One Week of Cash; Another DOA Proposal Discussed Thursday; Exceptional Game Playing
Asian supply lines hit by West Coast ports dispute
The Catastrophic Costs of Extend-and-Pretend Are About to Crush Europe
Like a star which has expanded and now cannot maintain its grand state, Europe's extend-and-pretend economy is now poised to experience a supernova implosion.
David Stockman Interview: The Clock Is Ticking, The Carnage Is Coming Soon
Money Is Bailing Out of Canada
Money Printing Doesn't Work: More Evidence From Japan, Europe And The US
US-EU "Free-Trade" Pact Protects Big Business. SMEs Shafted
Wall Street's Calling The Sheep: Buy The Dip Now, Join The Slaughter Later
Hollande Risks Vote of Confidence Over Business-Friendly Legislation; National Debate Over Baguettes
2015 global gold supply deficit could be substantial
Just Who Is Hoarding All This Gold?
A Warning to New York City – How Singapore's Luxury Boom in Sentosa Cove Went Bust
Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels

## Airline Death Spiral ##
Airports told to curb drinking after surge in 'air rage' attacks

## Fault lines/flashpoints/powder kegs/military/war drums ##
Embattled Debaltseve falls to Ukraine rebels; troops retreat
Leading Ukrainian Nazi Will Visit Washington Next Week Seeking Weapons
Ceasefire in Tatters; Separatists Reject Losing Proposition; Poroshenko Rejects "Green Corridor"
Ukraine Crisis: EU Hints At New Sanctions On Russia, But Effectiveness Questioned
Ukrainian Forces Recover Downed Russian Drone
Low Oil Prices Could Start World War III: Interview With Bob Moriarty
Washington's Kosovo "Liberation"——Now A Gangster State Debacle
New Russian Fuel Would Allow Missiles To Fly Faster Than Five Times The Speed Of Sound
Russia Will Have 55 Stealth Sukhoi T-50 Fighters By 2020, But Are They As Good As The US Stealth Jets?
South China Sea Land Reclamation: Satellite Images Show Chinese Progress On Man-Made Island
Indonesia to ink defense agreement with Japan
The U.S. Empire and ISIS: A Tale of Two Death Cults
As U.S. imperialism loses its capacity to compete outside the military sphere, its foreign policy options shrink, accordingly. "Since the U.S. is superior to the rest of the world ONLY in military terms, Washington finds its ultimate advantage in turning the whole world into a battlefield." Permanent War follows the same logic as a death cult. In fact, one created the other – literally.
Conditions for Syria's displaced just keep getting worse, aid officials lament
Turkey says it's reached accord with U.S. on training Syrian rebels, but not on who enemy is
The United States and Turkey will soon sign an accord to train and equip at least 2,000 Syrian fighters this year, but the two NATO allies have been unable to agree on what enemy the Syrians will be preparing to fight, Turkish officials said Tuesday.
US accuses Israel of inaccurate leaks on Iran nuclear talks
The United States accused Israel of leaking inaccurate information about nuclear negotiations with Iran, intensifying tensions over the issue before Benjamin Netanyahu's contentious March visit to Washington.
US Opens Up Sales of Armed Drones to Allies
Myanmar imposes state of emergency in Kokang as death toll rises
Myanmar authorities have declared a state of martial law in the Kokang region, near the border with China's Yunnan Province, the first such declaration since the country began democratizing in March 2011.
Fearing Invasion by ISIS, Italy Prepares to Attack Libya
Ukraine Finance Minister's American 'Values'
Among the arguments for why Americans should risk nuclear war with Russia over Ukraine is that the regime that took power in a coup last year "shares our values." But one of those "values" – personified by Finance Minister Natalie Jaresko – may be the skill of using insider connections.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hong Kong retail: Local businesses troubled by conflicts between residents and mainlanders

## Energy/resources ##
Nuclear plants delayed in China, watched closely by US firms
Nuclear non-starter: Oversupplied, losing money and without a constituency
With the number of 'operable' power reactors declining from 443 to 437 over the past decade, the rhetoric about a nuclear renaissance is becoming hard to sustain.
Firms mull voluntary load shedding plan (South Africa)
Fooling peak oil one more time: can we find new sources of liquid hydrocarbons?
Libya Oil Output Plunges Amid Heightened Violence
Libyan Oil Exports All But Shut Off As Violence Spreads
Australia's LNG market a 'slow train crash' says Credit Suisse analyst
Mexico's Pemex to delay refinery upgrades due to low oil prices
Taps start to run dry in Brazil's largest city
Australian LNG Output Cuts Seen Long Term Amid Gas Shortage
As oil refiners ramp up output, concerns emerge over Asian glut
The Chilling Thing Devon Energy Just Said About the US Oil Glut
Here's a good article explaining how the fracking treadmill works. It's totally insane. -- RF
Italy's Eni dinged by low oil prices
What On Earth Are We Doing Looking For Oil In The Arctic?
Why Oil Prices Must Go Up
Amid wave of thefts, Mexico won't ship gasoline in pipelines
Slammed by a 70 percent increase in illegal pipeline taps in one year, Mexico's state oil company announced Tuesday that it will no longer ship finished, usable gasoline or diesel through its network of ducts.
Mexico's Pemex Says Suspends Some Deep Water Exploration Projects
Mexico's state-run oil company Pemex has postponed some deep water exploration projects and will cut jobs as part of a raft of planned capital delays due to slumping crude prices, Chief Executive Emilio Lozoya said on Wednesday.
No Oil Price Rebound Yet: An Explanation in Two Charts

## Infrastructure scavenging ##
Expensive Comcast batteries ripped from outdoor fixtures
Thieves unbolt 15m of school fence

## Got food? ##
Despite Nigeria's "agric revolution", food prices soaring – Bureau of Statistics
Fungus May Save Crops from Disease and Global Warming

## Lifestyle Solutions ##
Must read: Restoring the Old Way of Warming: Heating People, not Places
Excellent. Long-time readers know that I have always advocated heating people, not buildings. This is basically the model still in use in Japanese residences even now. Central heating is unsustainable, so it's best to start preparations now for keeping warm in traditional ways. -- RF
DIY All-Natural Toothpaste

## Environment/health ##
How razing the rainforest has created a devastating drought in Brazil
Brazil finally gets some rain, but rationing still looms
New ozone-destroying gases on the rise
NYU Professor Uncovers How the FDA Systematically Covers Up Fraud and Misconduct in Drug Trials
Warming Planet Threatens More and Possibly Deadlier Pathogens, Warns Study
Swine flu claims nearly 600 lives in India
India is beefing up efforts to combat an outbreak of swine flu that has taken nearly 600 lives since January, with the states of Rajasthan and Gujarat worst affected.
Dutch gas field earthquake dangers ignored for decades -Safety Board
Measles makes its mark all over again: One of humanity's oldest foes is back on the increase
Dementia research: Drug firms despair of finding cure and withdraw funding after a catalogue of failures
After Latest US Oil Train Disaster, Expert Says Tens of Millions Living Inside 'Blast Zone'

## Intelligence/security/internet/cyberwar ##
Suite of Sophisticated Nation-State Attack Tools Found With Connection to Stuxnet
Netanyahu Uses US Congress as Prop
By addressing the U.S. Congress for a third time, Israeli Prime Minister Netanyahu will again demonstrate his mastery of the American political process, using the backdrop of repeated standing ovations to keep Israelis from thinking too much about economic troubles.
In an attempt to curb the mass rush for food change and reform, psychiatry has green lighted a public relations push to spread awareness about their new buzzword "orthorexia nervosa," defined as "a pathological obsession for biologically pure and healthy [sic] nutrition." In other words, experts are saying that our demand for nutrient-dense, healthful food is a mental disorder that must be treated.

Scores of elderly people tied to beds in unregistered facilities (Japan)
Scores of elderly people living in sheltered accommodation in Tokyo have been routinely tied to their beds or locked in their rooms, officials said Wednesday, highlighting the plight of pensioners in rapidly-aging Japan.
The government is currently considering the vexed question of what to do with waste in the long-term, as some of it may need management for tens of thousands of years.
To believe that anyone can manage deadly nuclear wastes for tens of thousands of years is insane. Everyone should watch the video on Finland's Onkalo facility, in which even the people involved with the project admit there's no guarantee it can isolate the wastes safely until they are harmless. Even if nuclear war is avoided, nuclear power will most assuredly trash the planet. -- RF
Advocates still fail to perceive the true cost and the ultimate reliance on fossil fuels. -- RF
Falling energy prices put plant plans on ice
Low crude oil prices and a soft market for liquefied natural gas are causing energy companies to shelve or cancel plant construction, giving engineering companies headaches.
By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren't for Social Security.
For many in US, cash saved at gas pump is staying in pockets
The Rich Benefit the Most From Tax Breaks Designed to Help People Build Wealth
The federal government spent $384 billion in 2013 on tax incentives that encourage savings, linked mainly to home ownership and retirement plans. Most of that money went to the rich.

And finally...

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