Thursday, March 19, 2015


News Links, March 19, 2015

## Global Ponzi meltdown/House of Cards ##
Global Cooling Alert: Iron Ore Keeps Plunging To $57/Ton—–While Supply Surges & Demand Withers
Japan's Sharp to cut 6,000 jobs in global restructuring: source
Cut, baby, cut! -- RF
Moscow Launches Ruble-Renminbi Futures To "Facilitate Trade Between China And Russia"
Italy, Spain to follow if Greece exits eurozone, says Greek defense minister
European Car Sales Are Rising, But Relying On Discounts And Sales To Car Rental Agencies
Eh is not OK: Canada's Jobs Begin to Unravel
Externalities galore! What's The True Cost of Gasoline?
Container Shipping Today: Mega-Ships and Mega-Problems
If we're to believe the big container lines, ever-larger ships are the remedy for their financial woes. Why, then, are so many of them still losing money?
Business welcomes Australian shift on Asian Infrastructure Investment Bank
U.S. urges allies to think twice before joining China-led bank
The United States urged countries on Tuesday to think twice about signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank after Germany, France and Italy followed Britain in saying they would join.
Beijing 'would welcome' U.S. joining China-led bank - report
Will the US come in under the Big Tent? -- RF
IMF Fears "Taper Tantrum"; Rear View Mirror Discovery
Molycorp Inc at risk of financial collapse, signalling fall of rare earth industry
Greek PM To Meet With Putin Amid Cash Crunch
Greece Scrambles to Find Cash Ahead of $2 Billion Payment Deadline
EU's Schulz warns before summit Greek finances are 'dangerous'
Greece pushes utilities to lend government cash -Kathimerini
Greece's cash-strapped leftist government is pushing major state utility firms to lend the government cash through short-term repo transactions as it scrambles to avoid running out of cash, the Kathimerini newspaper reported on Thursday.
GM to shut Russian plant as sales slide
Record Fall In Property Prices Brings More Bad News For China's Slumping Real Estate Market
Brazil On The Brink: Currency At 12-Year Low, Cost Of CDS Soaring
Dollar Demand = Global Economy Has Skidded Over the Cliff

## Airline Death Spiral ##
U.S. and Gulf airlines clash at aviation summit
Qatar Airways boss accuses Delta of flying 'crap' planes
United Airlines Cuts 69 Jobs at Bradley Airport
Jordan airline posts deeper loss due to regional unrest
LATAM Airlines posts full-year 2014 net loss of $109.8 million
Domestic Carriers' Financial Health a Concern: Government (India)
Air Zimbabwe insolvent, needs $260m capital  injection
The Sneaky New Way Airlines Are Raising Fares
Construction to cost $18.2 billion: Hong Kong to increase airport charges to fund runway
Lufthansa Pilots Strike Over Proposed Benefit Cuts: Flights Canceled Across Europe

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian Submarine Spotted Near Latvia; Baltic State To Increase Border Security
Russian Military Jets Intercepted By NATO Near Latvia Over Baltic Sea
Russia rules out handing back Crimea, expands war games
EU, US Officials, Including John Boehner, May Be Added To Russia's Blacklist Of Over 200 Names
Putin signs treaty integrating South Ossetia into Russia
Iran, U.S. line up technical options as push for deal intensifies
Netanyahu wins Israel election after sharp shift to the right
Netanyahu: No Palestinian State If I'm Reelected
U.S. rebukes Israel's victorious Netanyahu on Mideast policy
Fears of Violence Against Western Oil Workers In Saudi Arabia
Middle East Oil Addiction Could Spell Disaster
U.S. influence challenged in global financial institutions -Lew
Obama Goes After UK, Australia, the World for "Constant China Accommodation"; US Influence Clearly Waning
Already 45 Beheadings in 2015 – Saudi Arabia on Pace to Easily Beat 2014's Decapitation Level
A Classic Kerry U-Turn: Assad Must Go—–Until We Need Him To Stay
Syria says it shot down US Predator drone lost in northwest province
The United States leads upward trend in arms exports, Asian and Gulf states arms imports up, says SIPRI
The United States has taken a firm lead as the major arms exporter globally, according to new data on international arms transfers published today by Stockholm International Peace Research Institute (SIPRI). Overall, the volume of international transfers of major conventional weapons grew by 16 per cent between 2005–2009 and 2010–14.
Step aside, Germany—China is now the world's third-largest arms exporter
China, Japan Begin High-Level Security Talks After 4-Year Break
U.S. Navy urges joint Southeast Asia patrols of South China Sea
The commander of the U.S. Navy Seventh Fleet called on Southeast Asian nations to form a combined maritime force to patrol areas of the South China Sea where territorial tensions flare with China.
Amid Increasing Conflict, Pentagon 'Lost Track' of Weapons Trove Sent to Yemen
US Likely To Delay Planned Closure Of 2 Afghanistan Bases

## Global unrest/mob rule/angry people/torches and pitchforks ##
#StopC51: Protests Grow Against Expansive Canadian Surveillance Bill
Students pelt colonialist Cecil Rhodes' statue with excrement

## Energy/resources ##
Junk-Rated Oil & Gas Companies in a "Liquidity Death Spiral"
Investors Crushed as US Natural Gas Drillers Blow Up
US oil production growth is going to zero: Analyst
Energy Credit Risk Soars Most In 2015 As Bankruptcies, Liquidations Loom
Talisman Energy Inc, Nexen Energy ULC fire hundreds of employees in 'bloody Tuesday'
100,000 Layoffs And Counting: Is This The New Normal?
This time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are lucky to be hanging onto their jobs, while others have been booted from the payroll as an ugly wave of layoffs takes hold.
Rig Trends: Floating Rig Market Facing High 2015 Contract Rollovers
After oil, a glut of natural gas may be next to flood energy markets
Are The Good Times Over For Growth In US Shale Gas?
U.S. shale oil firms brace for more pain as crude resumes slide
The Latest Threats To Global Energy Security
Oil Investors, Beware The "Fracklog"
Germany's EnBW to slash more costs; sees risk to energy supply security
Talisman Energy Inc, Nexen Energy ULC fire hundreds of employees in 'Bloody Tuesday'
Amid oil slide, ConocoPhillips plans spending cuts
North Sea oil and gas industry to benefit from tax cuts, UK Budget reveals
Oil Prices Down As China, Asian Refineries Slow Crude Purchases; Key Data Shows US Inventory Increased For 10th Week In A Row
WTI Slumps As Cushing Inventory & Production Hit New Record High
US enters undulating crude oil production plateau in 2015
King Coal: The Global Coal Boom Is Going Bust: Report
Based on data CoalSwarm compiled of every coal plant proposed worldwide for the past five years as part of its Global Coal Plant Tracker initiative, the report finds that for every coal plant that came online, plans for two other plants were put on hold or scrapped altogether.
King Coal: Nearly 17% of US coal production uneconomic
Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mine's total cash costs plus sustaining capital expenditures exceed current market pricing, according to Wood Mackenzie's latest coal market outlook.
Norway's Statoil Plans Four Oil Wells in Russia Amid Sanctions
Wind May Win The Renewable Race – But At What Price?

## Got food? ##
Cropping Africa's wet savannas would bring high environmental costs
Trader Joe's Salmonella Recall: Walnut Scare Prompts Market To Pull Five Products
Kraft Issues Huge Macaroni & Cheese Recall Over Concerns Of Metal Fragments

## Lifestyle Solutions ##
The Undebtors: Sworn Enemies of the Vampires of Debt
People talk about starving the machine. You want to truly starve the machine? Get out of debt and stay out of debt, regardless of the sacrifices needed to do so.
How to Keep Warm in a Cool House
Radiant & Conductive Heating Systems

## Environment/health ##
Winter Sets Global Heat Record Despite US East's Big Chill
California Is Turning Back Into A Desert And There Are No Contingency Plans
US Kids' Diets Put Them on Road to Heart Disease
Americans should sharply limit sugar intake
'Put some mustard on it': the burned-at-McDonald's' video
'Biodegrabale' plastics not so biodegradable
Amazon rainforest soaking up less carbon as trees die young: study

## Intelligence/security/internet/cyberwar ##
New .sucks web domain offers new space, mischief
Government Agencies to Monitor Offshore Marine, Energy Sector Cyber Threats
Don't want NSA to spy on your email? 5 things you can do
Mall of America Security Catfished Black Lives Matter Activists, Documents Show
A mall "intelligence analyst" used a fake Facebook account to monitor local Black Lives Matter organizers, befriend them, and obtain their personal information and photographs without their knowledge, according to documents obtained by The Intercept.
US turns to rewards in hunt for overseas cyber criminals

## Propaganda ##
The Sting: How the FBI Created a Terrorist
The FBI provided all of the weapons seen in Osmakac's martyrdom video. The bureau also gave Osmakac the car bomb he allegedly planned to detonate, and even money for a taxi so he could get to where the FBI needed him to go.
A Neocon Admits the Plan to Bomb Iran
The neocon Washington Post, which wants to kill the talks aimed at constraining Iran's nuclear program, allowed a contrary opinion of sorts onto its pages – a neocon who also wants to collapse the talks but is honest enough to say that the follow-up will be a U.S. war on Iran.
CNN Is Beating the Drums of War
Netanyahu Unmasks Israel
For years, U.S. politicians have rejected allegations of Israeli racism and excused mistreatment of the Palestinians as a temporary necessity that would be fixed by a two-state solution. But Israeli Prime Minister Netanyahu has destroyed those arguments in his panic to keep his job.

## Systemic breakdown/collapse/unsustainability ##
It's Official: Americans R Stupid
People are doing more cocaine because they've lost the ability to talk to each other, claims dealer
Asked why he thinks the market is booming, an anonymous 29-year-old 'high end dealer' said that he believes people rely on coke because they've forgotten how to talk to each other without it. "I deal at parties, and I sit there and can't believe how dull people are," he said. "They're so wired into technology that they just sit looking at their phone all night."
Ex-Canadian astronaut Julie Payette says Mars One, the one-way mission to the red planet, is going nowhere
The Unraveling Is Gathering Speed

## Japan ##
Bank Of Japan Maintains Aggressive Stimulus, But Cuts Inflation Outlook
Shinkansen lines no panacea for struggling local economies
Two utilities set to scrap five aging nuclear reactors
Tepco to miss May deadline to treat 20,000 tons of Fukushima radioactive water
As Japan scraps reactors, it will need to store huge volumes of waste
Over 20,000 cubic meters of low-level radioactive waste would be generated by the demolition of five aging nuclear reactors now planned to be decommissioned. The waste that needs to be buried underground would fill more than 100,000 barrels, said officials at the Agency for Natural Resources and Energy. And there has been no decision on possible disposal sites.
Decommissioning of nuclear reactors poses threat to survival of host municipalities
Japan's Kyushu hopes to restart reactor in July -company official
Japanese golden eagles face extinction with only 500 left in wild
Ruling bloc agrees on new security legislation
Prime Minister Shinzo Abe's cabinet last July adopted a resolution that would drop a self-imposed ban on exercising the right of collective self-defense, or militarily aiding a friendly country under attack.
Japan automobile demand seen down 5.4 percent in FY2015/16: auto lobby

## China ##
Could Steel Demand Buckle in China?
PLA Report Says Soldiers Wasting Time Sweeping the Floor with No Wars to Fight
China came THIS close to another massive property developer default
China home prices decline in February at the fastest pace on record
Datang Power posts largest net profit fall in six years
Datang International Power Generation Co Ltd , the listed arm of one of China's main power generators, posted its biggest net profit fall in six years in 2014 as a slowing economy reduced power consumption.
China's Deflationary Bust and Beyond: Anne Stevenson-Yang Presentation
Slower China growth forcing tough choices at foreign companies
Yahoo closing last China operation in Beijing

## UK ##
Bitcoin: Government to regulate cryptocurrency to avoid money laundering, says Treasury
UK To Raise Minimum Wage By 3%, Biggest Rise Since 2008
Britain continues funding for design of new submarines
How will future governments fund retired workers?
Closure of small pharmacies threatens to overload GPs and A&E
UK Seeks To Update Falklands Air Defense
Street lights could be switched off to save money
Britain hands lifeline to North Sea oil industry with tax cuts
Property for rent in London where you can shower under the bed

## US ##
Economy Finally Reaches "Escape Velocity," Heads South
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
US Budget Cuts Lead New Foundation To Seek Private Donors For Basic Science Funding
Meet Jason Villalba – The Texas State Representative Who Introduced a Bill that Criminalizes Citizens Filming Police
Baby Oligarch Gets a Wrist Slap – Conrad Hilton Cops Plea Deal for Smoking Pot in Plane Restroom and Threatening to Kill Flight Attendants
Millions of 'underwater' homeowners are trapped
Intensifying Calif. drought sets off alarms
California Stiffens Water Regulations Amid Devastating Drought
The U.S. Economy Just Keeps Disappointing
The Not So Land of the Free
The United States may be the least self-aware nation on earth, condemning other countries for repressive policies and calling itself the "land of the free" while locking up citizens in staggering numbers often for minor, non-violent offenses.
FreightWatch 2014 cargo theft report says thieves make 'targeting' loads a priority
Cargo thieves appear to be moving toward a more sophisticated means of targeting shipments according to a new report analyzing 2014 cargo theft trends nationwide. The report, published by FreightWatch, also suggests that while the number of verified and reported instances of cargo theft in the U.S. declined in 2014, the average loss value per incident increased markedly, a trend that has been ongoing since 2012.
Why Your Electricity Bill Keeps Going Up
Fannie, Freddie could need another bailout as risks rise: watchdog
San Bernardino has defaulted on $10 million in bond payments
Chinese account for over 80 percent of U.S. investment visa applications
Should the U.S. Remove Ethanol from the Gasoline Supply?
Fed doublespeak and the dismantling of the middle class
Fed states dropping "patient" word doesn't mean it is impatient on rates. In 1970 roughly 7 percent of all income was earned by the top 1 percent. Today it is closer to 20 percent.

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