Tuesday, February 24, 2015


News Links, February 25, 2015

## Global Ponzi meltdown/House of Cards ##
Global Cooling Alert: Brazil Headed For Worst Economy Since 1930-1931
Burlap, cattle hides and other modern omens of a shrinking global economy
Freight shipping prices sink on oversupply, China slowdown
Record Low Baltic Dry Casualties Emerge: Third Dry-Bulk Shipper Files For Bankruptcy In Past 3 Weeks
Debt Gone Wild! 23 Countries Have Leverage Ratios Above 200 Percent (Debt Growth Escalates At Low Central Bank Rates)
"The Golden Age Of Asking Exorbitant Prices Is Over"
Grexit Drama Greenlighted for a 5th Season--New Characters, New Plot Twists
This is a scream. Brilliantly written, and captures the situation beautifully. -- RF
This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%
Making Me Pay For My Crimes Would Send "Message of Uncertainty to the Markets": Bank President to Spanish Judge
France to sell 6,500 government cars in bid to save €150m
Federal Reserve Insider Alan Greenspan Warns: There Will Be a "Significant Market Event… Something Big Is Going To Happen"
Nobel economist Shiller sees Japan-like slow growth everywhere
Azerbaijan devalues currency by a third over falling oil price
Widespread trouble spots as demand growth shrinks for raw goods
Oil slump threatens easy life of affluent Norwegians
Banks face scrutiny over pricing of precious metals: WSJ
France ponders changing school holidays to 'save ski industry'
JPMorgan to close 5 percent of bank branches to cut costs
JPMorgan tops list of risky banks: government study
Iran smuggles in $1 billion of bank notes to skirt sanctions - sources
One in three Germans say capitalism to blame for poverty, hunger
Alberta to bleed 31,800 jobs by end of year in oil price carnage
Alberta, the Canadian province holding the world's third-largest oil reserves, expects 31,800 jobs to be lost for the remainder of the year as a crude price crash forces producers to cut costs.

## Airline Death Spiral ##
Southwest Airlines also curbing rewards
Southwest Airlines is the latest airline to reduce the value of loyalty rewards.
Air India set to miss revenue target for February
Thai Airways International losses: No dividend again from ailing flag-carrier
The board of directors of Thai Airways International decided on Monday not to pay a dividend to shareholders for a second year running. In a statement released on Tuesday, the airline said dividends will not be paid for 2014. Results have yet to be released, but the carrier is expected to announce net losses for a second consecutive year. An announcement is due on Friday.
New flight paths cause turbulence for Phoenix neighborhoods
Gate to hell: Airport horror as passengers go wild
Angry at Delay, Shenzhen Passenger Threatens to Blow Up Airplane
Flight Attendants Don't Get Paid Enough For This
Delta cuts back flights at Georgia Regional Airport
Airlines lose on airport prosperity
Aer Lingus falls to full-year loss as costs rise
Japan's third biggest airline is bankrupt, but it's getting a lifeline from other carriers
U.S. Airlines Clash Over Rivals From Persian Gulf

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran ends mission defending western border against Islamic State
France Deploys Nuclear-Powered Aircraft Carrier In Persian Gulf To Fight ISIS
New Zealand to send troops to Iraq to train local forces
Special Report: How Iran's military chiefs operate in Iraq
ISIS Burns 8000 Rare Books and Manuscripts in Mosul

Kalashnikov Targeting Middle East Market
Russia offers to sell anti-aircraft missiles to Iran
Saudis Detail Eastern Fleet for US
The long-sought-after deal to upgrade and replace Saudi Arabia's Eastern Fleet has taken a major step forward, sources said, with the January delivery of a letter of request (LoR) to the US detailing Saudi wishes.
Ukraine War: A Reverse Cuban Missile Crisis
Guided by an aggressive neocon "regime change" strategy, the United States has stumbled into a potential military confrontation with Russia over Ukraine, a dangerous predicament that could become a Cuban Missile Crisis in reverse.

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Don't Touch the Fruits': HK Vendor Tells Off Mainland Shoppers
Shell pulls plug on long-delayed Alberta oil sands mine
Royal Dutch Shell PLC has scrapped plans for a long-delayed oil sands mine, becoming the latest company to pull the plug on a major Alberta expansion as crude prices hover near multiyear lows.
US Shale Oil's Crash Diet Likely To Bring Forward Output Dip
Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals.
Nuclear renaissance: Areva May Get Cash, Tie-Ups With EDF Amid $5.6 Billion Loss
The French government is considering a capital injection for Areva SA as well as financial and industrial tie ups with Electricite de France SA and nuclear researcher CEA after the reactor builder reported a loss of about 4.9 billion euros ($5.6 billion) for 2014.
French Nuclear Industry Faces Shake-Up Amid Areva Loss
SoCal Edison: Need More Storage Space For Nuclear Fuel
The agency said the San Onofre facility, which has been offline for three years, will reach its capacity for storing used fuel soon.
Energy Markets: Significant Volatility and Deleveraging May Lie Ahead
Energy companies slash $50 billion from their 2015 budgets
Cut, baby, cut! -- RF

## Infrastructure scavenging ##
Hybrid Battery Thefts On The Rise In New York
Cable thieves leave hundreds in dark

## Got food? ##
Rent walkouts point to strains in U.S. farm economy
Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.
US Offering Its 'Assistance' to Push GMOs on Africa: Report
U.S. is 'assisting African nations to produce biosafety laws that promote agribusiness interests instead of protecting Africans'

## Environment/health ##
Hospital Infections: Pathogens, Diseases Long Shared On Unclean Scopes And Other Medical Instruments
"Filthy, dangerous medical implements have been showing up in hospitals and outpatient surgery centers with alarming regularity."

## Intelligence/security/internet/cyberwar ##
'The Spy Cables': Al-Jazeera Teases Massive Global Intelligence Leak
Al-Jazeera is reporting that it has come into the possession of "hundreds of secret intelligence documents from the world's spy agencies" which, in partnership with The Guardian newspaper, will be detailed in a series of in-depth exposés beginning on Monday.
Big Barbie is Watching You – Meet the WiFi Connected Barbie Doll that Talks to Your Children and Records Them
Leaked cables show Netanyahu's Iran bomb claim contradicted by Mossad
Gulf between Israeli secret service and PM revealed in documents shared with the Guardian along with other secrets including CIA bids to contact Hamas
Yahoo executive and NSA chief clash over online data privacy
A Yahoo executive clashed with the new head of the National Security Agency at a conference on Monday as tensions continued to simmer between the Obama administration and Silicon Valley over the privacy of online data and new security technologies.

## Propaganda ##
The State Department's 'Twilight Zone'
The gap between reality and what the U.S. government says is reality has widened into a chasm with the mainstream U.S. news media usually nodding at whatever absurdity is presented, but the AP's Matthew Lee is one of the few reporters who challenges the State Department's "Twilight Zone."
U.S. and Israel Busted Lying About Iran's Nuclear Program
The making of Hillary 5.0: Marketing wizards help re-imagine Clinton brand

## Systemic breakdown/collapse/unsustainability ##
Starting from scratch: How to reboot society after an apocalypse
When Life Gives You Yemens

## Japan ##
Heir to Japanese throne appeals for 'correct' Second World War history
The heir to Japan's Chrysanthemum Throne has called on the nation to relay "correctly" the misery of World War II to future generations, a comment that is being seen as a rebuke to the present nationalistic government.

Everyone's talking about "peak steel". Zhang Guangning, chairman of the China Iron & Steel Association, (CISA) started it, when he told the Association's annual conference in January that "China's steel sector has already entered a period of peaking and flattening out."
Green cars still far from taking off in China

## UK ##
Separate collections needed to solve London's food waste crisis
The three leading subprime categories are auto loans, credit cards, and student debt. $189 billion in subprime loans made in 2014.
If investment broker Peter Schiff was president, no one would go hungry and the "mentally retarded" would work all of society's worst jobs for $2 an hour. The multi-millionaire made the assertion in an interview with Samantha Bee from Jon Stewart's "Daily Show," during which he also argued that raising the minimum wage will have catastrophic consequences and that federal assistance programs are destroying the U.S. economy.

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