Wednesday, April 15, 2015

 

News Links, April 16, 2015

## Global Ponzi meltdown/House of Cards ##
WTO Cuts World Trade Growth Forecasts For 2015 And 2016
Latin American Economic Future Looks Grim Thanks To Commodity Prices: IMF World Economic Outlook
As the world's major economies celebrate record-low oil prices, the outlook for countries in Latin America isn't especially optimistic. New data from the International Monetary Fund say that economic growth in the region has declined for the fourth consecutive year, and thanks to record-low global commodity prices and continuing political problems, it doesn't look to be improving anytime soon.
Sub-Saharan Africa Falls Behind In Fight Against Extreme Poverty: World Bank Report
Oil-Rich Nations Selling Petrodollar Assets at Record Pace
Global Commodity Deflation Alert——Copper Heading For $2/Pound After China "Financing" Deals Unwind
Greece's poor are back to where they were in 1980
Greek Sovereign Debt Downgraded at S&P
European Central Bank to stress: No way we'll taper stimulus
Banks Across Europe Pay Borrowers To Buy Homes
No Major Country Is More Exposed to Banks than Australia
Magnificent Housing Bubble Unravels in Much of Canada
The International Monetary Fund comes with new danger signals for the Norwegian economy
Spotlight on China: Margin Debt, Trading Accounts, Construction Equipment
Central bankers gather privately in Washington this Friday to discuss gold
Economies focused on growth alone are on a path to self-destruction
The Changing World of Work 3: "Full-Stack" Skills
Idiot's Solution to Negative Interest Rates: Abolish Cash, Tax Currency
Here Comes The Next Greece——Ukraine Seeks Haircut On $40 Billion Of Private Debts
China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank
Debt collectors phone, email, text and write letters 65 million times a year (Australia)

## Airline Death Spiral ##
Shrinking airline seats spark health concerns
Planes are filled with more passengers than ever before. Fliers are older and heavier. Flight attendants warn about an increase in air rage, and experts question if having rows of seats packed closer together might make it harder for passengers to evacuate after a crash.
Skymark to wipe out capital for debt repayments
Skymark Airlines plans to use up its entire capital to reduce a heavy debt load exceeding assets, according to a preliminary rehabilitation plan submitted to the court.
Plans to cram more seats in airliners won't sit well with fliers
TSA screeners accused of groping men during checks at Denver airport
Lost bags? Flight delayed? Major airlines to set up new independent complaints service - but it probably won't be free
Hidden cameras catch airport workers stealing from luggage
Looming pilot shortage threatens regional airports
After job cuts, Frontier Airlines customer complaints soar
Airline food workers strike at LAX, affecting international flights
Two Britons fined $3,000 each for throwing peanuts at cabin crew, forcing flight to divert to Bermuda
GAO: Newer aircraft vulnerable to hacking
Seoul orders Asiana pilots to undergo more training after second crash in two years

## Fault lines/flashpoints/powder kegs/military/war drums ##
Senate Compromises on Iran Deal, Obama Will Sign Bill
President Hillary Clinton's Middle East Policy: Interventions, Wars, More of Same
The Iranian Ascendancy
Obama warns Iran its fighters in Iraq must answer to Baghdad
Russia To Supply S-400 Air Defense Systems To China
Russia Using Iran Nuclear Deal To Expand Sphere Of Influence
U.S. Military Should Stay Home: America, Not Iran, Is Biggest Threat To Mideast Stability (Forbes)
Saudis Pour Oil on the Mideast Fire
Saudi Arabia, now in alliance with Israel and with tacit U.S. approval, is dragging the Middle East into a nightmare of sectarian conflict, pitting its own warplanes and Sunni terrorists against Shiites, Christians and other minorities as part of a misguided competition with Iran.
Russia Impinges on Israeli 'Right' to Bomb Iran (Ray McGovern)
American neocons are in a lather over Russia's decision to go ahead with the sale of anti-aircraft missiles to Iran. The apparent outrage is that Iran thinks it has a right to protect its citizens from Israel's right to launch airstrikes into Iran's territory.
South Korea, Japan Hold Security Talks
This is a big deal, considering the cold winds blowing between the two neighbors. -- RF
Al Shabaab militants attack Somali government building, at least 10 dead
Australia Sends 330, NZ 100 Troops to Train Iraqi Forces
Afghan warlord warns of Islamic State rise
Islamic State takes 3 Iraqi villages, presses into Ramadi after Tikrit loss
Obama drops Cuba from terror list, readies for showdown with Congress
Israel hails 'achievement' in its bid to block Iran nuclear deal
Did Money Seal Israeli-Saudi Alliance?
The odd-couple relationship between Saudi Arabia and Israel may have been sealed with more than a mutual desire to kiss-off Iran. According to an intelligence source, there was a dowry involved, too, with the Saudis reportedly giving Israel some $16 billion.
Religious Fanaticism is a Huge Factor in Americans' Support for Israel
Sweden: Suspected Foreign Submarine Turned Out to Be a Fishing Boat
Russian Military Drills Continue With T-90A Tank Exercises Near Ukraine Border, Report Says
When 'Sanctions' Boomerang—–The Forgotten Lessons Of 1941

## Global unrest/mob rule/angry people/torches and pitchforks ##
The inequality bubble is accelerating, worse than '29, even 1789
14 reasons an economic crash could trigger a deadly revolution
Attacks on Refugee Hostels a Growing Problem (Germany)
Protesters gather in New York to demonstrate against police violence
Protests in U.S. cities against police violence prompt arrests
German city braced for protests as G7 foreign ministers meet
Protesters Slam Wall Street Elites for Profiting Off 'Misery of Workers'
Brazil Military Coup? Protesters Demand 'Intervention' Against Dilma Rousseff Amid Corruption Accusations
Fight for $15 protests expand for low-wage workers
Low-Wage Worker Protests Elicit Sympathy On New York City Streets
Hundreds of residents in southwest China demand to know source of foul smell

## Energy/resources ##
South Africa loses a quarter of power supply in plant breakdowns
South African utility Eskom said on Tuesday it had lost 9,500 megawatts (MW) of electricity due to unplanned outages, forcing it to implement widespread power cuts, in one of its most serious breakdowns in years.
Feds Inspect Calvert Cliffs Nuclear Reactors After D.C. Blackout
Oro power outage worsens
Residents in Cagayan de Oro City are now experiencing more than eight hours of daily brownout in shift. In its new advisory on Monday, Cagayan de Oro Electric Power and Light Co. (Cepalco) has resorted to load shedding in three shifts to contain the power supply shortage that Mindanao has been experiencing since last month.
The ultimate limits to carbon burning: an order of magnitude calculation
How Much Water Does The Energy Sector Use?
Oil-Rich Nations Are Selling Off Their Petrodollar Assets at Record Pace
This Chart Shows That US Rig Counts Still Have Farther to Fall
Bakken Shale Oil Well Output Drops To Lowest Since 2009
Trucking Along Alaska's 'Ice Road' To Northern Oilfields Freezes To A Halt
The Exodus Begins: Oil ETFs See Biggest Outflows In 15 Months
Forbes: "Shale Oil Boom Goes Bust"
Oil layoffs hit 100,000 and counting
Coal ship queue at Australia's Newcastle port below 30 for third week
EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
The Next Crime Wave in Farm Country: Stealing Water
Royal Dutch Shell-BG Group merger a sign of 'Darwinian' mood of oilpatch, veteran analyst says
Massive Nuclear Buildout in India Will Require A Lot More Uranium
Russia's Lukoil sets up shop in Iran
Poland's nuclear project pushed back at least another two years: sources

## Infrastructure scavenging ##
Factory suffers seven power cuts due to metal thieves
The cost of cable and metal theft
Copper wire theft for salvage puts public safety at risk
Cable theft from Retford station leaves trains in chaos

## Got food? ##
The FDA's phony nutrition science: How Big Food and Agriculture trumps real science — and why the government allows it
Over-consumption, climate change threaten food security, water supply: FAO
Even though it's terrible for us, more antibiotics are being used on farm animals than ever before
The numbers are staggering: US is 'world leader' in child poverty

## Lifestyle Solutions ##
Composting corpses

## Environment/health ##
Rowing venue for 2016 Rio Olympics filled with dead fish
Fracking Increases Radon Gas Hazard, US Study Finds
If Walls Could Talk: What Lead Is Doing To Our Students
Scientists Warn of Hormone Impacts From Benzene, Xylene, Other Common Solvents
Americans Spent $374 Billion on Big Pharma Drugs Last Year

## Intelligence/security/internet/cyberwar ##
France Considers Forcing Google to Disclose Search Algorithm; Too Much Satisfaction!
Creepy 'Sat Nav' Device Steers People With Tiny Jolts Of Electricity
Google has patented the ability to control a robot army
Blair: Cyberwar carries risk of self-inflicted damage

## Propaganda ##
Peace Must Be Stopped At Any Cost; Lies and Hypocrisy on Iran

## Systemic breakdown/collapse/unsustainability ##
The God Of Technological Progress May Well Be Dead
This week, Chris and John Michael Greer address the global faith in inexorable technological advancement as a cure-all to every predicament we face. In many ways, it's become the dominant religion of the 21st century. Sadly, there are a growing number of threats for which 'improved' technologies actually exacerbate the risks (particularly in regards to depleting critical resources) -- but society refuses to acknowledge this, as it runs counter to the tech-as-savoir meme so many are pinning their hopes on.
India builds first 'smart' city as urban population swells
Putting the Real Story of Energy and the Economy Together
VA building projects riddled with mistakes and cost overruns
Detroit, Stockton bankruptcies may flag wider problems: Fed's Dudley
Only small number of Jeeps fixed 2 years after recall began
US Airline Industry Hits Five-Year Performance Low
Leaving Las Vegas: Lake Mead Water Levels Continue To Crash
Technology To Clean Up Fukushima Plant Doesn't Exist Yet

## Japan ##
Japan court bars restart of Takahama nuclear reactors
Japan May Not Restart Nuclear Reactors After All
Tepco resumes survey of crippled Fukushima reactor vessel with new robot
It would take up to 16 hours to evacuate if Takahama nuclear plant has disaster: NRA
Japan scrambling warplanes as often as during Cold War era
Glitch leaves 119 emergency number down for 2nd time in two months in Tokyo
Abe pledges to help spread hydrogen stations
Waste of money. -- RF
IMF Calls On Bank of Japan To Crank Up Stimulus Steps
IMF raises Japan's growth forecast to 1% for 2015
New fund planned to help children in poverty
SDF 'should protect Australia forces'
The government has stated that the Australian military should be among the foreign forces to which the Self-Defense Forces will be allowed to provide protection in a so-called gray zone incident.
Lifelike female robot to work help desk at Tokyo department store

## China ##
China Margin Debt Is Soaring—–Like Its 1929
China Seeks Dominance in Athens Harbor
China Buys Powerful Military Weapon From Russia: New S-400 Triumf Air Defense Systems Designed To Shoot Down Any Enemy Aerial Target
Chart Of The Day: Chinese Piggies Squealing Towards The Slaughter
Komatsu Construction Equipment Orders In China—–Bottom Dropping Out
China's Crude Imports Slow to 4-Month Low as Storage Tanks Fill
China furthering economic ambitions with AIIB
Realty growth sinks to single-digit level

## UK ##
London stakes its claim as global bitcoin hub
Power and internet outages will kill digital currencies and just about everything but hard cash. -- RF
Warmer waters threaten future of traditional fish and chips
Russian warship tracked by Royal Navy in the Channel
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
Clarification issued over massive British oil find
Primary school places in England 'near breaking point'

## US ##
Counting The Workers The BLS Doesn't Count—–The 2014 Unemployment Rate Was Actually 11.4%
The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives
5 biggest banks now own almost half the industry
Too-big-to-fail banks, instead of getting smaller, are pretty much taking over the financial universe. The largest five banks in the U.S. now control nearly 45 percent of the industry's total assets, according to an analysis from SNL Financial that comes amid an earnings season that has been generally positive for the largest institutions.
The Changing World of Work 2: Financialization = Insecurity
Taxpayers Spend Billions On Government Help For Low-Wage Workers
New Report Finds $153 Billion in Corporate Welfare – Majority of Taxpayer Funded Public Assistance Goes to People Who are Employed
Why your rent will rise again this year
Silence In The Malls: Mid-Market Retail Is Hurting—-Just Like Its Customers
For America's Hidden Hungry There's Been Little Recovery
Corker Signals Veto-Proof Votes Exist as Congress Moves to Kill Iran Deal
Swelling Distressed Bond Market Crashes U.S. Company Debt Party
Small-business optimism slumps to nine-month low: NFIB
Ackman Says Student Loans Are the Biggest Risk in the Credit Market
HRC's connections with Monsanto and Walmart
Hillary Clinton's Sweet, Cozy Connection To For-Profit College Industry She Now Attacks
All Hail Hillary – Iowa Students Locked in Classrooms as Clinton Arrives at College to Visit "Everyday Iowans"
US Developers Now Building Homes with Chinese Buyers in Mind
The main concept used to make US real estate more acceptable to Chinese buyers is fengshui, the ancient art of geomancy used to make buildings and environments more harmonious to live in.
IRS budget cuts might sound great, but they make bad stuff happen to taxpayers
Why 78 Million Millennials Are Choosing Non-Union Jobs
Fed's Dudley Warns about Wave of Municipal Bankruptcies
Meredith Whitney jumped the gun, but her prediction of mass municipal bankruptcies is coming true. -- RF
DEA Agents Caught Having Drug Cartel Funded Prostitute Sex Parties Received Slap on the Wrist; None Fired
Mining, utilities sink U.S. industrial production
U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
Landmark Reparations Package Announced for Victims of Chicago Police Torture Regime
America's iconic companies that disappeared
California drought gives 'toilet to tap' a new level of attention
Empire State Manufacturing Index Back in Contraction, New Sales and Unfilled Orders Sharply Decline
Congress Will Increase The Deficit By 20% This Year
Swelling Distressed Bond Market Crashes U.S. Company Debt Party
NY Fed's "Plunge Protection Team" Starts Chicago Trading Floor "In Case Of Disaster Or Other Eventuality"
Why Is WalMart Mysteriously Shuttering Stores Nationwide For "Plumbing Issues"?
25% of college adjunct faculty get government assistance

And finally...
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States (The Onion)
School For Strippers Closes Due To Noise Complaints




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