Thursday, March 26, 2015


News Links, March 27, 2015

Due to moving, I'll be offline for a few days. Look for the next update about the middle of next week. -- RF

## Global Ponzi meltdown/House of Cards ##
US Economy Heads Toward Zero Growth in Q1: Wall Street's promise of Escape Velocity is a joke.
Low interest rates causing 'huge problems' in Germany: Schaeuble
South Korea intends to join China's AIIB
Global Industrial Deflation Alert——Here Comes The Flood Of 'Cheap' Imports
Russia unveils plans for Europe-U.S. superhighway
Even if started, the project would never come anywhere near completion. Like Japan's maglev project, it would just be an environmentally destructive waste of money and resources. -- RF
Things that will happen if Venezuela implodes
Another Oligarch Preaches to the Peasants – Charlie Munger Says "Prepare for Harder World"
Bear markets happen more than people think: Since 1940 we have encountered 12 bear markets.

## Airline Death Spiral ##
El Al swings to loss in 2014
Survey shows fliers are willing to pay more for better air travel — but not much
Air travel in the U.S. is, if you haven't noticed, kind of miserable. Lines are long, airlines are reducing the size of seats, flights are fuller than ever, many airports are rundown and "ancillary fees" are becoming the norm.
Airline fees take off
Sky's the limit as carriers pile on charges for early boarding, seating choices and more
Recycled Cooking Oil Could Be The Key To Flying Friendlier Chinese Skies
If recycled cooking oil is the key, then the airlines are in even more trouble than I thought. People never consider factors such as the sheer scale of industrial society, and where cooking oil comes from. -- RF
Airlines to require 2 crew members in cockpit at all times
Commercial Airline Pilots May Face Stricter Psych Evaluations In Wake of Germanwings Flight 9525
Airlines Keep Fuel Savings For Themselves

## Fault lines/flashpoints/powder kegs/military/war drums ##
Can't Make This Up – U.S. Providing Aid in Fight Against ISIS in Iraq Alongside Iranian Troops
Russia Military Update: Russian Armed Forces Will Draft Thousands Of Crimea Residents This Year
Indonesia's Widodo Backtracks On South China Sea Comments, Expresses Interest In Chinese Economic Partnerships
Israel's Seizure of Palestinian Taxes Sparks Economic Devastation, Mounting Resistance
'War on Terror' Body Count (Physicians for Social Responsibility; PDF)
AP Exclusive: Iran may run centrifuges at fortified site
Saudi Arabia threatens ground invasion of Yemen
Saudi Arabia Yemen Military Intervention Update: Airstrikes Continue Against Houthi Rebels, Global Leaders React
How Mercenaries Are Changing Warfare
The Military's Robotic Ghost Ship Passes Critical Test
US To Retain Afghan Troop Levels Through 2015

## Global unrest/mob rule/angry people/torches and pitchforks ##
Montreal midday austerity protest leads to more than 30 arrests
South Africa's Eskom halts work at strike-hit power station
China Strike Update: Company Making Nike, Timberland, Kenneth Cole Agrees To Pay Workers Their Housing Fund Money

## Energy/resources ##
Weak Chinese Demand Could Undermine Entire Coal Market
South Africa's Eskom chairman under fire as power crisis deepens
Wood Mac: High costs of drilling not abnormal
A report published Thursday by the energy consultant group finds the oil and gas industry as a whole is on pace to cut budgets for exploration by an average 30 percent.
The Most Challenging Oil And Gas Projects In The World
The fifth anniversary of the Deepwater Horizon disaster is approaching, but in the intervening years since the well blowout deep offshore, oil and gas drillers have pushed even deeper and even farther afield.

## Infrastructure scavenging ##
Fort Worth church hit again and again by metal thieves
Metal Thieves Target Railroad Spikes

## Got food? ##
Kraft-Heinz merger to create mammoth food company
Trials of GM 'super spud' scheduled after election due to public sensitivity
The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis
Climate Change And Food Security: Global Banana Market Is Feeling The Strain Of Hotter Weather, Longer Droughts

## Environment/health ##
Earth has just two giant forests left
Termite species mix in Florida, reproducing at breakneck rate
Two of the most destructive termites species in the world are mating in South Florida, producing hybrid colonies that are growing at twice the normal rate of other termites, scientists reported on Wednesday.
A mile deep, ocean fish facing health impacts from human pollution
Deep-water marine fish living on the continental slopes at depths from 2,000 feet to one mile have liver pathologies, tumors and other health problems that may be linked to human-caused  pollution, one of the first studies of its type has found.

## Intelligence/security/internet/cyberwar ##
They Are Slowly Making Cash Illegal
This is serious, but as I've observed previously, a cashless system requires reliable power and internet. As the reliability of power grids and the internet decline, efforts to enforce cashless transactions will falter. -- RF
Android security breach leaves users vulnerable
Mexico Press Freedom: Attacks On Journalists Surged 80% Under Peña Nieto, Report Finds
Clinton hit with racketeering lawsuit over emails

## Systemic breakdown/collapse/unsustainability ##
Ford recalls over 220,000 vehicles in North America for three issues

## Japan ##
How Japan Rigs Its Stock Market: BOJ Plus State Pension Fund Now Owns 37 Trillion Yen Of Equities
The Hunt For Fukushima's Missing Reactor Fuel
Abe invited to address U.S. Congress April 29
Record 28,923 children suspected of being abused in 2014
More maintenance flaws found at Monju reactor
Japan receives biggest warship since Second World War

## China ##
Chinese demand for Russian oil holds steady
China Colossus Going The Way Of Japan——Getting Old, Fast
China's coal use falling faster than expected
Specter of deflation hits Chinese luxury

## UK ##
Young adults are the 'indoor generation' who walk half as much as pensioners

## US ##
Meet the "Surveillance State Repeal Act" – A Bipartisan Bill to Fully Repeal the Patriot Act
Don't hold your breath. -- RF
33 Strange Facts About America That Most Americans Would Be Shocked To Learn
Number 2 takes the cake. -- RF
Wells Fargo to cut 1,000 jobs, shut Milwaukee home-lending office
Pew Report Presses Regulators On 'Unaffordable' Car Title Loans And Payday Lending Problems
Federal Employees Collectively Owe Over $3.5 Billion in Taxes
Government Report Finds DEA Agents Had "Sex Parties" With Prostitutes Hired By Drug Cartels
Chart of The Day – Real Durable Goods Orders Still Down 11% From Pre-Crisis Average
Bank Of America Breakup: Leading Analyst Endorses Proposal To Have Bank Consider Split
Police Implement New Policy to Treat Everyone as Criminals: When a Cop Stops You, Hands Must Go Up

And finally...
Australian woman accused of squirting breast milk on police officer

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