Thursday, March 12, 2015

 

News Links, March 13, 2015

## Global Ponzi meltdown/House of Cards ##
The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk
This is why bitcoin won't go away anytime soon
About 80 percent of bitcoin volume is now driven by the Chinese yuan, according to data from Goldman Sachs. The U.S. dollar is the second most used currency for transactions, followed by the euro, the bank said in a new report.
US plan to drop Russia from global banking system hilariously backfires
South Korea cuts interest rate to record low
IMF aims for 'immediate' stabilization with latest Ukraine bailout deal
Why The Dollar Is Rising As The Global Monetary Bubble Craters
Global finance faces $9 trillion stress test as dollar soars
China Is A Monumental Economic Trainwreck—–The Evidence Is Mounting Rapidly
Goldman's president is 'freaked out' by tanking European bond yields

## Airline Death Spiral ##
Spain's 'ghost' airport finally gets ready to welcome its first flights as Ryanair confirms routes between Castellon and the UK
Despite being officially opened with much ceremony in March 2011, to date, no regular commercial flight has ever landed or taken off from the "ghost" airport.

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Asks Vietnam To Stop Helping Russian Bomber Flights: Report
The United States has asked Vietnam to stop letting Russia use a former U.S. base to refuel nuclear-capable bombers engaged in shows of strength over the Asia-Pacific region, exposing strains in Washington's steadily warming relations with Hanoi.
Expected Shiite victory in Tikrit seen as cementing Iran's influence in Iraq
The Secret Saudi Ties to Terrorism
Saudi Arabia, working mostly through Israel's Prime Minister Netanyahu, is trying to enlist the U.S. on the Sunni side of a regional war against Iran and the Shiites. But that alliance is complicated by Saudi princes who support al-Qaeda and other Sunni terrorists.
Meet the "Dirty Brigades" – The U.S. Trained and Funded Iraqi Soldiers Accused of War Crimes
Eighty percent of all Syria's lights have gone out due to war
Could Europe lose Greece to Russia?
Protesting airport guards stop Libyan PM boarding plane
Video of the Day – Nigel Farage Blasts the Idea of a "European Army" in One of His Most Powerful Diatribes Ever
Obama, at War on Three Continents, Threatens Venezuela
Female Mexican mayoral candidate 'decapitated' in state that saw disappearance of 43 students
Major nations hold talks on ending U.N. sanctions on Iran - officials
Major world powers have begun talks about a United Nations Security Council resolution to lift U.N. sanctions on Iran if a nuclear agreement is struck with Tehran, a step that could make it harder for the U.S. Congress to undo a deal, Western officials said.
U.S., Cuba now have direct phone connection
Moscow 'completely' ends actions under CFE arms treaty

## Global unrest/mob rule/angry people/torches and pitchforks ##
Two officers shot outside Ferguson police headquarters
Police, other groups try to tamp down tensions in Ferguson
The Women are Coming, and They Mean Peace: Historic March Across Korean DMZ Announced
Aurora protesters demand answers in fatal shooting of unarmed man
What police protests look like in cities across America

## Energy/resources ##
Saudi Exec Expects $1 Trillion Drop In Energy Investments
A high-ranking Saudi Aramco executive says the plunge in energy prices already has caused many in the industry to cut spending on oil and gas projects, and the trend probably will continue for a few years, perhaps reaching a cut of $1 trillion in investments.
A Company That Helicopters Oil Workers to Offshore Rigs Is Taking a Beating
Western Canadian oil and gas output declines
Oil and natural gas production from frontier prospects in the Northwest Territories is on a steady decline, federal Canadian data show Wednesday.
Brazil—from the Droughts of the Northeast to São Paulo's Thirst
France's Total puts prime North Sea field on the block - sources
Shell expects to drill offshore Alaska this year
Russia to build Macedonia gas pipeline, possible Turkey route link
Petrobras Scandal Goes Far Deeper Than Previously Thought
Energy firms battle to keep lights on during eclipse
France's nuclear love affair too strong to let Areva fail
Iraq builds up debts as oil price drops
Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer.
Middle Eastern oil players lose out to Russia in Asia
http://asia.rbth.com/business/2015/03/11/middle_eastern_oil_players_lose_out_to_russia_in_asia_44403.html

## Got food? ##
Western corn rootworm is getting the EPA's attention
A destructive insect's growing resistance to genetically modified corn seeds is costing American farmers as much as $2 billion annually, and now U.S. regulators may weigh in on the matter with moves that could affect both farmers and corporate agriculture giants such as Monsanto.
South Africa faces food shortage
South Africa is facing the prospect of looming food shortages in the next 10 years as the country struggles to attract new talent to its ageing crop of commercial farmers, according to Deloitte.
China's Polluted Soil and Water Will Drive up World Food Prices
China's push for more intense farming has kept its city dwellers well-fed and helped lift millions of rural workers out of poverty. But it has come at a cost. Ecosystems in what should be one of the country's most fertile regions have already been badly damaged—some beyond repair—and the consequences will be felt across the world.
Global Food Prices Fall To Lowest Level In 5 Years: FAO
"Its ongoing decline reflects robust supply conditions as well as ongoing weakness in many currencies versus the U.S. dollar, which appear set to continue," Michael Griffin, FAO's dairy and livestock market expert, said, in the statement. In addition, high crop production around the world and low crude oil prices also helped cap global food prices.

## Lifestyle Solutions ##
Why I Don't Want an Apple Watch (and it's not the battery life)
Raising Children in an Increasingly Obsolete System

## Environment/health ##
UN tally of Ebola deaths passes 10,000, most in West Africa
U.S. healthcare worker contracts Ebola in Sierra Leone
Worker at Tulane possibly exposed to bioterror bacteria
Commercial turkeys in Arkansas test positive for bird flu
Mutating H7N9 bird flu may pose pandemic threat, scientists warn
Why China's Pollution Could Be Behind US Cold, Snowy Winters
FDA wants more info on scopes linked to 'superbug' outbreaks
Singapore's new weapon against Indonesian haze

## Intelligence/security/internet/cyberwar ##
Privacy advocates encourage Mattel to shut down Hello Barbie toy
Apple's iTunes, App Store and iCloud suffer worldwide outages
More data from South Korea nuclear power operator leaked
NSA Strongly Suspected In 'Equation Group' Hacks On Russian, Iranian Hard Drives
Japanese websites allegedly hacked by Islamic State group

## Propaganda ##
Nuland's Mastery of Ukraine Propaganda
In House testimony, Assistant Secretary of State Victoria Nuland blamed Russia and ethnic-Russian rebels for last summer's shoot-down of MH-17 over Ukraine, but the U.S. government has not substantiated that charge. So, did Nuland mislead Congress or just play a propaganda game?

## Systemic breakdown/collapse/unsustainability ##
American Millennials are among the world's least skilled
Toyota to recall 112,500 U.S. vehicles on possible safety issues
GM recalls 64k Chevy Volts: Report
Syria plunged into darkness by war; 83 percent of lights have gone out
The Crash of 2015: The End of the Beginning
The Prosthetic Imagination (The Archdruid Report)

## Japan ##
Four years after tsunami, Japanese coastal town near nuclear plant remains deserted
Disaster-hit areas may have to help pay to rebuild
Four utilities to decommission five aging nuclear reactors
To avoid paying enormous sums for new safety measures, four electric power companies plan to decommission five nuclear reactors that have been operating for about 40 years, sources said March 12.
Over 200 seawalls exist only on paper
Japan to lower food self-sufficiency rate target for 1st time
Japan's current food self-sufficiency ratio target of 50 percent will be lowered to 45 percent for the 10-year period through fiscal 2025, after the country failed to meet the goal in recent years, farm ministry sources said Thursday.
70% of disaster-related suicides recorded in Fukushima in 2014

## China ##
U.S. Founding Father Invoked as China Debates $4 Trillion Debt Pile
China's Government Will Decide Whether Dalai Lama Will Be Reincarnated Or Not: Official
China Merger Mania: New Plan To Get State-Owned Companies Off Government Reliance Will Come Out Soon
China Update: The Great Bubble Keeps On Deflating
The Final Nail In China's Deflationary Coffin: Wages In The 4 Largest Cities Are Now Dropping
Ling Wancheng rumored to have fled to US with secrets of China's leaders

## UK ##
50% rise in long-term unemployment for young ethnic minority people in UK
NHS agrees largest-ever privatisation deal to tackle backlog
Two more military evacuated to Britain in Ebola scare

## US ##
Zombie Banking System Takes Another Leap Forward; Sugar Crisp Buybacks
US budget deficit totals $192.3 billion in February
That'll Kill the High-End Housing Bubble in US Trophy Cities
It's Nearly Impossible to Fire Bad Federal Workers
5-year-old boy killed in rolling gunbattle
New York Times declares Iran intrusion letter 'idiocy'
The Richest Have Never Been Richer: US Household Assets Rise To Record $97 Trillion (As The Poor Get Poorer)
Oil Price Crash Creates New Wild West In Shale Boom Towns
Fake IRS agents target more than 366,000 in huge tax scam
US retail sales fall for 3rd month as auto purchases drop
Gallup: Dissatisfaction w. U.S. Gov't. Soars
RadioShack: Don't buy our stock, it's worthless
Weather Unexpectedly Much Worse Than Economists Previously Thought
'Boomerang Kids' Are Ruining Their Parents' Retirement
Food Stamp Beneficiaries Exceed 46,000,000 for 40 Straight Months
As US Steel Idles Minn. Plant, Will More Plant Idling Follow?




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