Thursday, April 02, 2015


News Links, April 3, 2015

## Global Ponzi meltdown/House of Cards ##
Rough seas ahead for container shipping industry
The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat, an industry expert warns in a new report.
If Anyone Doubts That We Are In A Stock Market Bubble, Show Them This Article
China knocking on door of IMF's major league, U.S. wavers
China is closer to joining the major league of reserve currencies with a deal possible later this year to include the yuan in the International Monetary Fund's unit of account, international finance officials say.
China Targets Dollar, Washington Has Conniptions
Greece tells creditors it will run out of cash on April 9
Goldman Confirms Global Economy Enters 4th Month Of Contraction
Gloomy China, Japan data add to pressure for stimulus

## Airline Death Spiral ##
Unrest pushes El Al into the red; posts $28 million net loss in 2014
Greece's air traffic radar needs a serious upgrade, controllers say
Systemwide JetBlue Computer Outage Causes Massive Delays
GOL Posts Wider Q4 Loss Despite Y/Y Revenue Growth
Stop Air Rage Now! How to Not Freak Out in the Air

## Fault lines/flashpoints/powder kegs/military/war drums ##
Deal struck to limit Iran's nuclear capability
The War Party Is Lying About Iran—-Even "Dubya" Admitted They Don't Have A Nuclear Weapons Program
Southeast Asia: Hijacking and cargo theft continue to threaten to small tankers
A series of hijackings in Southeast Asian waters since January 2015 represents a continuation of a negative security trend observed since April 2014.
Police: Gunmen attack university in eastern Kenya
Why Putin Doesn't Need To Pander To The West
Terrorist Groups Like ISIS, Al Qaeda Attract More Than 25,000 Foreign Fighters: UN Report
Israel Successfully Tests US-Backed David's Sling Missile Defense System
Is Greece About to Play its Geopolitical Trump Card and Ignite a Chain Reaction Across Europe?
Houthi rebels capture Yemeni presidential palace, airport
Yemen On Verge Of "Total Collapse" As Civilian Casualties, Ground Invasion Calls Mount
Chaos In Yemen: Chinese Troops Arrive As US-Armed Rebels Set Sights On Central Bank
U.S. hopes Japan's navy will be more active in Pacific
Al Shabaab storms Kenyan university, 70 killed

## Global unrest/mob rule/angry people/torches and pitchforks ##
McDonald's Workers Strike 2015: Employees Plan US Protests After 'Publicity Stunt' Wage Hike Announcement
Maple Spring 2.0? Students Protest Austerity in Montreal

## Energy/resources ##
Turkish Blackout Shows World Power Grids Under Threat
Egyptian President Welcomed By Power Cut In Ethiopia
Oilfield Services Facing Years Of Decline
Oil field services companies are in for a rough year. The firms that provide the critical services for oil drilling are often not the ones that make headlines. But they are on the front lines making sure everything runs smoothly. That includes everything from drill equipment, to rigs, lodging, well completions, frac sand, transportation, and more.
Cash-Strapped Oil Firms Amid Bank Squeeze
Lenders are preparing to cut the credit lines to a group of junk-rated shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter.
UH Symposium Reveals Energy Industry's Unmet Needs for Skilled Workforce
Average East Asian LNG prices collapse in Feb

## Got food? ##
U.S. wheat crop worries build as drought expands in Plains, West
California Drought Means Higher US Food Prices On Almonds, Avocados and More
Vertical farming: A hot new area for investors
New Report Debunks 'Myth' That GMOs are Key to Feeding the World
Study upholds value of traditional methods 'shown to actually increase food supplies and reduce the environmental impact of production'

## Environment/health ##
Neonicotinoids banned to protect honeybees
Burkina Faso government confirms outbreak of bird flu in chickens
Night owls face greater risk of developing diabetes than early risers
World's Nuclear Waste Could Be Headed Down Under
Drug-resistant intestinal illness Shigellosis spreading in US
Oil product spill hits North Dakota wetland
Why has nearsightedness more than doubled in 50 years?

## Intelligence/security/internet/cyberwar ##
IBM: 'Dyre Wolf' Cyber Gang Stole More Than $1 Million from Businesses
Misunderstanding Jesus's Execution

## Propaganda ##
AP denies China's claims it is partnering on social media
Britain Used Spy Team to Shape Latin American Public Opinion on Falklands

## Systemic breakdown/collapse/unsustainability ##
License to Kill
School threats by text, phone apps frustrate schools, police
Threats against schools don't just come written on bathroom walls these days. Spread using smartphone apps, social media and Internet phone services, anonymous reports of bombs or other threats of violence are forcing school evacuations and responses by police or other authorities.
Over 61,000 U.S. bridges need structural repair
Peter Thiel on the American Political System – "Not a Democracy or Constitutional Republic"
Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

## Japan ##
In Japan, when it does not lots more of it!!
TEPCO to come clean on radiation levels, allow checks by outside experts
Japan's working poor struggling
Abe unveils plans for fund to tackle child poverty
Facial recognition system sends warning emails to families of pachinko addicts
Radioactive waste left in limbo / Local authorities avoid filing paperwork for 3,600 tons
60% of Japanese cut spending after tax hike: BOJ survey
Life-span extension reviews begins for three aging Kepco reactors
Japan starts 2015-16 shipping insurance cover for carrying Iranian oil

## China ##
China Margin Debt Soars to Record 1 Trillion Yuan; Another Central Bank Sponsored Bubble
J-11 fighters deployed to Yunnan to defend border airspace
Dengue Fever Returns to Guangdong with 8 New Cases
Peking University Report Says Government is Lying about Air Pollution Problem
China says Taiwan not welcome in new infrastructure bank

## UK ##
London power cut: Amazing pictures show effects of blackout in capital after underground fire in Holborn
EDF cuts 400 jobs at Hinkley Point, investment decision in months
Air pollution may cause more UK deaths than previously thought, say scientists

## US ##
The U.S. Economy Slows to Stall Speed
Bay Area Poverty Rate Still Near Record High Despite Tech Boom
The American people are clueless: Why income inequality is so much worse than we realize
Labor issues to pressure McDonald's despite pay bump
Extended Oregon drought raises concern over state's water security
Facing the fourth straight year of drought, Oregon officials are worried that the state's water security may be in jeopardy, as is already the case in California, which has just announced its first-ever mandatory water restrictions.
The economically lost generation of Millennials: net worth data, living arrangements, and student debt.
New scoring system aims to help people with poor credit
Here we see another desperate bid to get people to take on more debt. Remember: Debt expansion is needed for economic growth, so pile it on! -- RF
Why your water bill is about to go up
American teenagers still can't (or won't) find jobs
U.S. isn't ready for the aging workforce
Why more U.S. colleges will go under in the next few years

And finally...
UFOs haven't invaded Japan, defense minister tells Diet

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