Friday, April 24, 2015


News Links, April 25, 2015

## Global Ponzi meltdown/House of Cards ##
ECB Buys Negative Yield Covered Bonds; Trade Guaranteed to Blow Up
Nasdaq Composite Closes At All-Time High Not Seen Since Dotcom Bubble In 2000
High Debt And Low Oil Prices Create Perfect Storm For Canadian Economy
Spain's Unemployment Rate Increases to 23.7%; 114,300 Jobs Vanish in First Quarter, Public Sector Jobs Rise
The EU's Five Worst Unemployment-Fiasco Regions?
An Austrian Province Just Requested A State Bailout
This Is What's Happening in Junk Bonds, and It's Not Pretty
The Rehypothecation of Gold, and Why It Matters
Does any nation hold the gold it says it does?
Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?
11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis
Chart Of The Day: 2015-2016 Greek Debt Maturities—–What, Whom, When (chart)
Supersaturation and Store Cannibalization: McDonald's to Close 700 Stores, 350 Already Took Place First Quarter
France declared "lost in stagnation" by economists
Governments Want to Enslave You with Digital Cash
Why Nav Sarao Had To Be Destroyed: He Found A Way To Beat The HFTs At Their Own Game

## Airline Death Spiral ##
Cheaper fuel has airlines soaring to record profits
Airlines are getting such a price break that profits are surging even though their revenue is flat or declining.
Japan lifts pilot age limit to 67 amid Asian shortage
American Airlines plans capacity cuts, tops 1st-qtr expectations
American Airlines Group Inc on Friday reported first-quarter profit above analysts' expectations and pleased investors with capacity cuts to match weakening international demand.
The Pathetic State of Airline Travel Today Was Predicted Long Ago
Allegiant Air suffers more mechanical problems than other airlines: report
Going to Bellingham to fly with Allegiant Air can save you a lot of money, but a new report commissioned by the union for the pilots could make you think twice.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ukraine Update: Not Quiet on the Eastern Front; Sanitized US News; Wakeup Call From Poland
US military instructors in eastern Ukraine combat zone – Russian military
Pentagon dismisses Moscow claim of U.S. troops in Ukraine combat zone
Islamic State offensives stretch Iraq's elite troops thin
China to deliver 50 Thunder fighters to Pakistan over 3 years
Iran's Arabian Sea Ship Convoy Heads Home Before Meeting U.S. Navy And Allies
Saudi-led airstrikes bomb Yemen's Shiite rebels in 6 cities
Iran Warned Houthis Against Yemen Takeover
Houthi Arms Bonanza Came From Saleh, Not Iran
More fighting, air strikes in Yemen, civilian death toll exceeds 550
Why Is Washington Supporting Saudi Arabia's Massacre In Yemen?
Vulnerable Frontier: Militarized Competition in Outer Space
North Korea's nuclear arsenal could be twice as big as earlier estimates
Honduran migrant provides peek into dark world of human smuggling
EU rescue ships head for Libya, as migrants die also in Balkans
Libya Only A Small Part Of The World's Refugee Problem
Satellites at risk: US seeks 'coalition of the willing' in space
Russia carries out military drills on disputed islands
Kandahar city power project in jeopardy as USAID prepares to pull plug
TTIP negotiators get an earful from American critics

## Global unrest/mob rule/angry people/torches and pitchforks ##
Work Tensions Rise in China, Despite Calls for Harmony
Labor disputes continued to swell in China over the first three months of this year, government data showed Friday, as slowing growth in the world's second-largest economy puts more pressure on workers.
Tensions Boil Over After Baltimore Police Call Protesters 'Lynch Mob'
Demonstrators still seeking answers over the mysterious and troubling death of Freddie Gray, who died of a spinal injury while in the custody of the Baltimore Police Department, circled City Hall on Thursday after Maryland Governor Larry Hogan announced that he had called in state troopers to help quell the protests.
Huge American Flag Protest Shuts Down Valdosta State University

## Energy/resources ##
Overview of Our Energy Modeling Problem
Russia deepens energy cooperation with Argentina
Big Hit For U.S. Oil Production In January
Half Of US Frackers Will Be Dead By Year End, Weatherford Warns
US Shale Fracklog Triples As Drillers Keep Oil From Market
Oil Patch Unemployment Is Challenge For Industry's Future
CNOOC revenue off nearly 40 percent
The uranium trade is about to go nuclear
Outlook for drilling dim amid low oil prices; Wyoming working rig count lowest since 1999

## Got food? ##
Jeni's Splendid Ice Creams voluntarily recalls all frozen desserts

## Lifestyle Solutions ##
The Old Models of Work Are Broken
The only sustainable way to avoid being commoditized is to learn to create value in ways that cannot be commoditized.

## Environment/health ##
Oil And Gas Drilling Is Consuming Millions Of Acres Of US Farmland: Study
As oil and gas drilling ramps up in the central U.S. and Canada, the region is losing an increasing amount of cropland, ranches and forests to industrial activities. In recent years, huge swaths of the Great Plains have given way to well sites, oil pads, parking lots and gravel roads that service the energy industry, researchers say.
Are Oklahoma's Quakes Caused By Wastewater Disposal?
Air pollution could increase risk of dementia
North Carolina Residents Warned Not to Drink Water Near Coal Ash Dumps
Duke Energy's Coal Ash Problems Mount As North Carolina Residents Raise Fresh Concerns
New Studies Add to Growing Evidence That Notorious Pesticides Harm Bees
Bees may get hooked on nicotine-linked pesticides
Minnesota declares state of emergency over bird flu in poultry
Health of World's Ocean 'Collapsing Before Our Eyes'
Exercise Can't Save Us From Too Much Sugar In Our Diets, Say Experts

## Intelligence/security/internet/cyberwar ##
How Tor is building a new Dark Net with help from the U.S. military
Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants

## Propaganda ##
Lawsuit against rigged presidential debates
The Key War on Terror Propaganda Tool: Only Western Victims Are Acknowledged
Citing Iran to Justify Yemen Slaughter

## Systemic breakdown/collapse/unsustainability ##
A Field Guide to Negative Progress (The Archdruid Report)
Emergency room visits for mental health skyrocket in Chicago
The Crash of 2015: Vultures vs. Jackals
Ford recalls 390K newer cars for faulty door latches
Suzuki to recall record 1.87 million vehicles to fix smoking ignitions
"Greece Can No Longer Withstand The Waves Of Desperate People Arriving From War Zones"
On the Commodification of Human Discovery

## Japan ##
Japan Begins National Security Space Buildup
Remember I have said that national space programs will increasingly lean toward military/security purposes. -- RF
Potemkin on the Pacific—–Abenomics Is Still Failing
Tokyo finds high levels of radiation in children's park
Man turns himself in to Fukui police, saying he landed drone at Abe's office
Banks face huge losses on bonds if interest rates rise: BOJ
Loyalty to 1960s machine shows risk from Japan's aging factories
The aging of Japan's industries threatens to worsen the hollowing-out of domestic manufacturing experienced in recent decades, undermining Prime Minister Shinzo Abe's efforts to stoke an economic recovery from a recession last year. The latest signals underscore the concern: a central bank survey of companies this month indicated they plan to cut investment this year, even amid near-record holdings of cash.
Labor shortages may hamper growth of smaller businesses, government warns
Disaster-hit Tohoku areas to be asked to partially shoulder recovery costs from '16
The government is short on cash and the recovery effort is faltering, as predicted. As I've said from the start, what was destroyed will never be rebuilt. -- RF
Vanishing communities find themselves facing shortage of leaders
6 times more small debris in open ocean than coastal areas: Environment Ministry

## China ##
China April Flash HSBC PMI Contracts To One-Year Low
China's factory activity contracted at its fastest pace in a year in April, a private survey showed, suggesting that economic conditions are still deteriorating despite increasingly aggressive policy easing by the central bank.
Urban employment declines, raising hopes for stimulus
The job market in China's big cities is showing signs of worsening, raising the likelihood the government will boost spending on infrastructure and roll out other stimulus measures.
China to scrap duties on rare earth exports

## UK ##
Tony Blair, a Walking, Talking, Grinning Conflict of Interest

## US ##
Automakers to gearheads: Stop repairing cars
Automakers are supporting provisions in copyright law that could prohibit home mechanics and car enthusiasts from repairing and modifying their own vehicles.
Alert readers will recall this article, showing that much the same thing is happening with farm tractors. (And here's another, newer article  Definitely read it.) It appears that the idea is to control everything but the steering wheel. Here's an example where complexity works for the corporations and against the people. Vehicles are now so complex that you need expensive specialized diagnostic equipment to read and interpret the data stored in a vehicle's chips. And now manufacturers are trying legal means to keep vehicle owners totally dependent on corporate maintenance regimes. For more on the implications of this, see this week's Archdruid Report, above. -- RF

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