Sunday, May 31, 2015


News Links, June 1, 2015

## Global Ponzi meltdown/House of Cards ##
The World Will Never Retire
Retirement savings shortfalls challenge workers, employers, and governments from Canada to China
Greek Bank Deposits Bleeding Worsens in April
For Greece, This Is What Hell Looks Like
Canada's economy shrinks for first time in four years as oil shock sinks in
Europe Has A Solution For The Unemployment Problem: Fake Jobs
Dow Jones Industrial Average Tumbles 150 Points After US GDP Shrink
Sigmar Gabriel: Europe may have to move at different speeds
German Vice Chancellor Sigmar Gabriel said that Europe may have to move at different speeds in the future, with Germany and France taking the lead and leaving others to follow later.
South Africa's Harmony in talks with unions to cut over 3,000 jobs: NUM
Euro zone lending slows to standstill despite money printing
Forget U.S., Petrobras Turning To Asia, Europe For Money
Brazilian oil giant Petrobras needs foreign financing, but it won't be going to U.S. banks to get it. Although the company is not in any need of cash this year, the struggling oil firm is always on the look out for financing and has some $13 billion it's looking to capture this year. Not a dime, supposedly, will be in greenbacks.
Jim Rickards: China's Yuan Will Slowly Chip Away At 'Dollar Standard'
Dubai hotel room rates record steepest drop in four years
Mortgage Broker Tells Australia's Youth: Give Up Your Life, Fun, Holidays… and Buy an Overpriced Home
Affordable housing out of reach for Vancouver millennials
The P2P Lending Boom——America's Next Ponzi
"The Fed Has Been Horribly Wrong" Deutsche Bank Admits, Dares To Ask If Yellen Is Planning A Housing Market Crash
Germany passes Japan to have world's lowest birth rate - study
G7 agree 'in principle' to add Chinese currency to IMF basket – German Finance Minister

## Airline Death Spiral ##
Passenger jet nearly strikes drone over New York City
Exclusive: Air France faces new safety probe after freighter takeoff scare
Japan's Skymark submits bankruptcy plan despite creditor opposition
U.S. considers airport preclearance centers in nine countries
Is Asiana Undermining Its Own Safety Chief?
America's Worst Airport to Get $4 Billion Swedish Massage

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. Air Force confirms Boeing's electromagnetic pulse weapon
US, Iran accelerate nuclear talks a month before deadline
Video Shows Turkish Govt Arming ISIS
Islamic State growing threat in Asia, leaders at forum say
Pro-Iran militias take upper hand after U.S.-backed forces crumble in Anbar
Suicide bomber, rocket grenades kill 30 in Nigerian city
Most of world's declared chemical weapon stocks destroyed
Russia Bars 89 EU Politicians From Entering The Country In Response To Crimea, Ukraine Sanctions
SE Asia vows to rescue 'boat people'; Myanmar seizes migrant vessel
Gunmen kill 22 bus passengers in Pakistan attack
The Benghazi outrage we actually should be talking about
Newly revealed documents show how the CIA stood by as arms shipments from Libya enabled the rise of ISIS
America is in retreat. Is it time Britain faced facts too?
Japan, South Korea to resume defense exchanges
US to step up maritime defense cooperation with Southeast Asia
China confirms security agenda in South China Sea
PLA switching to an offensive footing, says Russian expert
Japan says nations must behave responsibly in South China Sea
Japan's Minister of Defense warned on Saturday that land reclamation projects in the South China Sea risked plunging the region into disorder and urged nations, including China, to behave responsibly.
Spain approves permanent US military base
The Spanish government approved an agreement Friday to host a permanent military presence of the U.S.'s Africa Command (AFRICOM) in the southern province of Seville, Spanish officials said.
Russia Wards Off "Provocative And Aggresive" US Warship In Black Sea
Serious flaws revealed in U.S. anti-missile nuclear defense against North Korea (US)
International effort rescues over 5,000 Mediterranean migrants
Indian Army Struggles With Ammo Shortages
Iran Oil Tankers Subject to More Attacks by Pirates: News Agency
Piracy in Southeast Asia
What many fail to know is that the West Indian Ocean is not the world's most dangerous seas. In 2014, the United Nations declared Southeast Asia seas as perilous. Piracy has always been endemic in Southeast Asia and it is showing no sign of abating.
The Rebel of St. Peter's Square: Where Is Pope Francis Steering the Church?
Playing with the Fire of Terrorism
By pandering to Saudi Arabia and the Sunni-controlled Gulf states, the U.S. government is playing with fire, allowing the spread of Sunni radicalism to destabilize targeted governments like Syria but unable to control the resulting terrorism.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters gather at Phoenix mosque under close police watch
Anti-austerity protesters gather in London to demonstrate against cuts
Thousands flood Caracas, Venezuela, in anti-government protests

## Energy/resources ##
USDA plans to inject $100 million on ethanol infrastructure: sources
Waste of money. -- RF
Tough times to continue for iron ore
Coal Facing Worst Year Yet in 2015
Investors Turning Away From Green Energy
Patent filings are often used as a proxy for innovation. With filings down, entrepreneurs may be finding it harder and harder to uncover new ways of producing clean energy.
California's Drought Is So Bad, Thieves Are Now Stealing Water
California Water Crisis: What's Next
Nuclear renaissance: New Energy Policy Needed as Nuclear Giants Take a Hit
In Face of Rising Climate Movement, Tar Sands on Life Support: Report
Asian imports of Iran crude rise to 4-month high in April
The energy revolution will not be televised

## Infrastructure scavenging ##
Metal thieves targeting commercial air conditioning units
Copper thieves target cellphone towers
Take The "A" Train…or not: New York subway hit by metals theft
New York subway riders trying to take jazz musician Billy Strayhorn's advice and travel on the "A" train into Manhattan ran into a snag this week. Services along the whole 31-mile length of the "A" train route were disrupted May 27 by what the Metropolitan Transit Authority described as a "massive theft of copper cable" from subway line tracks near Howard Beach, Queens.
Cable thieves make load shedding worse
As load shedding continues to plague Johannesburg, cable thieves seem to be determined to plunge the city even further into darkness.

## Got food? ##
Food supply fears whet appetite for Dutch farm technology
U.N. warns of coming hunger in North Korea
Drought-hit North Korea seen able to avoid food crisis
Texas floods and commodities: Farms face 'total loss for year'
Japan to increase butter imports to meet demand
Monsanto GMOs Defeated by Oregon Organic Farmers as Federal Judge Upholds Seed Ban

## Environment/health ##
This has been a month of extreme weather around the world
U.S. EPA proposing temporary pesticide-free zones for honeybees
Melting glaciers are revealing the mummified bodies of soldiers, ancient icemen, and long-lost adventurers
Heat Accelerates Dry in California Drought
Atlanta Flooding Update: Heavy Rain Shuts Down Roads In Metro Area
Texas Flooding 2015: Severe Storms In Texas Cause At Least $27M In Infrastructure Damage, Continuing Trend Of Increasing Natural Disasters
120,000 dead: half of the world's saiga die in less than a month
Second case of rare Bourbon virus found in U.S.
California redwood trees stressed to breaking point by drought, dying in Southern California
California's Snowpack Is Now Zero Percent of Normal
Incessant Indian heat wave leaves 1,800 dead
India's Heat Wave: How Extreme Heat Ravages the Body
India Heat Wave: Rain Brings Little Relief As Death Toll Climbs
Avian flu spread raises some concerns about human infection
At least for now, chickens, turkeys and other fowl are the only direct targets of the avian flu outbreak that has spread across the U.S. Yet scientists say there is a subtype of the virus that may have the potential to become a human pandemic.
Live anthrax: US discovers more possible shipments
Investigation launched into US shipment of anthrax to Australia
Pharmaceuticals a hidden risk to the environment, says new report
Australians are popping way too many pills and it is not just bad for the population, it is also increasingly bad for the environment.

## Intelligence/security/internet/cyberwar ##
Indian police detain pigeon as 'suspected spy' from Pakistan
US Tried, Failed To Sabotage North Korea Nuclear Weapons Program With Stuxnet-Style Cyber Attack
U.S. to bring Japan under its cyber defense umbrella
Thousands of Sites Block Congress in Protest Ahead of Patriot Act Expiration
US Special Forces Are Experimenting With Bug Drones
Inside NSA, Officials Privately Criticize "Collect It All" Surveillance
Mysterious low-flying plane over Twin Cities raises questions of surveillance
Woman handcuffed, put in holding cell, and fined for not holding escalator handrail (Canada)
Muslim Cleric Denied Unopened Soda on United Flight Because She Could 'Use it as a Weapon on the Plane'
Global Internet Traffic to Triple by 2019, Led by Video

## Propaganda ##
Holes in the Neocons' Syrian Story
The Islamic State and Al-Qaeda's Nusra Front continue to make gains in Syria while Official Washington plays the blame game, pushing a dubious narrative that the crisis wouldn't have happened if President Obama had just backed "regime change" earlier.
The Dissident Dad – 10 Things I Had to Unlearn That My Children Won't

## Systemic breakdown/collapse/unsustainability ##
Asia needs too many roads, railways and power plants
Asia's infrastructure needs are overwhelming. Governments and multilateral public lenders can only provide the money for a fraction of the ports, roads, railways and other pieces of society that much of Asia needs to grow and develop.
These countries have missed the boat. With the era of cheap energy coming to an end and industrial civilization already on the decline, they will never be able to build all the industrial-society infrastructure that they want. -- RF
'Sales are next to nothing': Merchants worry crime crisis could cast pall over Baltimore downtown
Baltimore Has Descended Into A State Of Lawlessness – And More Cities Will Soon Follow
General Motors, Subaru models added to Takata air bag recall
The senility of elites: coal mining must continue, no matter what the human costs
First the Fuel Subsidies Come Off. Then the Wheels.
5 Outrageous Luxury Hotels Now Underway
The working class Hunger Games: Reality TV show now pits working class against working class family for the chance to earn $101,000.
Fatal police shootings in 2015 approaching 400 nationwide
Why the American Dream is unraveling, in 4 charts

## Japan ##
Japan spending slump casts doubt on central bank optimism
Why the Bank of Japan Can't Stop a Sudden Collapse of the Yen
Japan's Super QQE Continues To Fail——-Because Its Based On Crackpot Monetarism
Magnitude 8.5 quake strikes off eastern Japan, no tsunami danger or damage reports
Dementia costing Japan 14.5 trillion yen a year: health ministry
Lawmakers OK health care reforms to address growing costs for the elderly
Japanese lawmakers approved health care reforms on Wednesday to address the rising costs of elderly care, with increased cost-sharing by high-income workers and prefectures taking over the running of loss-making public insurance bodies from municipalities.
McDonald's cuts number of 24-hour open outlets
Japan to cooperate with Africa in natural resource development
New security bills envision threats to Japanese people
Abenomics Heads Toward Debt Meltdown, Reflation Enemies Warn
Japan's push to secure African resources sputters, helping China
A Japanese government drive to secure access to resources in Africa has sputtered as some companies shy away from investing due to slumping commodity prices and worries over political stability, helping China as it races to import raw materials from the continent.

## China ##
Sunac Abandons Purchase of Troubled Chinese Developer Kaisa
Fortune Lost: The short, brutal and costly ride of China Investment Corp. in Canada
China to invest $900 billion in New Silk Road
China Pledges To Wipe Out Its Ivory Industry
Smartphone Saturation In China: Companies Look To Domestic Smartphone Market To Diversify Revenue
Suicides rising as China's corruption crackdown expands
Chinese Junk Yields Jump to 2-Week High on Bottle Maker Default
China Southern Airlines to Launch Direct Guangzhou-Nairobi Flights
As last-ditch meeting fails, Hong Kong prodemocracy lawmakers vow to veto planned reforms

## UK ##
Food poisoning bug 'found in 73% of shop-bought chickens'
Benefit cap could drop 40,000 children into poverty, leaked memo warns
Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report
Food poverty and use of food banks rise in UK, reports show
Unnecessary street lights could be switched off in Craven

## US ##
Renters getting priced out of America's big cities
U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses
How do you support a consumer economy with stagnant incomes for the bottom 90%, rising basic expenses and crashing employment for males ages 25-54? Answer: you don't.
6 years into a recovery and Millennials are still moving into parental homes at record levels.

## The Clintons ##
Clinton Award Under Scrutiny
Bill Clinton agreed to accept a lifetime achievement award only after Petra Nemcova, the event organizer, offered a $500,000 contribution to the Clinton Foundation, the New York Times reports.

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