Monday, May 11, 2015


News Links, May 12, 2015

Rice planting has been completed!

## Global Ponzi meltdown/House of Cards ##
Dry Bulk Carrier Orders Crash To A Twenty Year Low
In the last four months dry bulk orders have fallen to 0.4m dwt per month, the lowest level since the 1990s. This is a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades.
Schäuble Warns of "Sudden" Greek Default
Germany's Schaeuble reaffirms will to keep Greece in euro
Greece Slashes Economic Growth Forecast Again In Latest Reform Plan
Greece says deal will be 'difficult' at Eurogroup meeting
IMF Works on Contingency Plans for Greek Default; Greece Says Deal Difficult; Timeline of Obligations
Time to stash some cash – you're going to need it
Australia to crack down on alleged tax avoidance by 30 multinationals
Sydney's rich and poor: the rising crisis in our suburbs
The debt 'crisis' in Canada? If your paycheque is $100,000 plus, that means you
Canada loses almost 20,000 jobs, the biggest drop in eight months
How Zimbabwe's poor became so desperate, some are digging up graves for sand
A Tale Of Two Graphs——Why Bubble Finance Will Fail
Countdown to the stock-market Crash of 2016 is ticking louder

## Airline Death Spiral ##
Drugs and terrorism threat: thousands of airport staff not security-checked (Australia)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Staging sites enable AFRICOM to reach hot spots 'within 4 hours,' leader says
The operation has no code name, but it's the fruit of about a year's planning by the U.S. Southern Command to insert a newly formed expeditionary outfit into the U.S.-run swath of the Soto Cano air base in Honduras for about 200 days, the longest, largest known Marine deployment onto Central American turf in years.
French Francois Hollande, Arms Merchant—–Or Why France Embraces Saudi Slaughter In Yemen
Why did French President François Hollande fly into Riyadh this week to show support for Saudi Arabia's bloody attacks on South Yemen and to reassure King Salman that Paris will demand tough terms in any nuclear deal with Iran? It's the same reason Willy Sutton robbed banks: that's where the money is.
But don't expect any sanctions. -- RF
America as Dangerous Flailing Beast
Despite pretty talk about "democracy" and "human rights," U.S. leaders have become the world's chief purveyors of chaos and death – from Vietnam through Iraq, Libya, Syria, Ukraine and many other unfortunate nations.

## Global unrest/mob rule/angry people/torches and pitchforks ##
In the post-World War II era, the nature of the still numerous instances of rioting changed. The group-versus-group scenario gave way to group-versus-state.
Anti-austerity protesters take to UK streets after Tory election victory
I repeat (for the umpteenth time): Hydrogen is NOT an energy source! -- RF
Transformer Explosion at Indian Point Nuclear Power Plant in Westchester; No Injuries Reported

## Environment/health ##
Drug-resistant "superbug" strain of typhoid spreads worldwide
World headed for an El Nino and it could be a big one, scientists say

## Intelligence/security/internet/cyberwar ##
The revolution will be digitized
Spearheaded by the flood of wearable devices, a movement to quantify consumers' lifestyles is evolving into big business with immense health and privacy ramifications
Homeland Security chief: Communities vital in fighting new terror phase
Long-time readers know that I have maintained from the outset that the US government's story is a work of fiction. However, my position is that OBL was already long dead by that time. I think Hersh's account is unnecessarily complicated and highly unlikely. -- RF
The key points that the U.S. government still doesn't want you to know include that in early 1981 Israel already was supplying U.S. military equipment to Iran for its war with Iraq; that the Saudis had conveyed a "green light" supposedly from President Jimmy Carter to Saddam Hussein to invade Iran in 1980; and that the Saudis agreed to finance arms sales to Pakistan and other states in the region.
Enforcing the Ukraine 'Group Think'
U.S.-taxpayer-funded Radio Liberty has a checkered history that includes hiring Nazi sympathizers as Cold War commentators. Now, one of its current writers has used the platform to bash an American scholar who won't join Official Washington's "group think" on Ukraine.
Press Freedom Is Declining In The US
BOJ's bond purchases: Too big for a shrinking pond?
The Bank of Japan faces the possibility of being unable to sustain the pace of its government bond purchases -- for want of bonds.
Totally delusional. -- RF
It's highly possible that he's right. -- RF

## US ##
Since The Great Recession Ended—–Employment Rate Down, Wage Growth Down, Labor Force Participation Rate Down
Faith-based "recovery"
Federal Reserve shows housing to be a big push in household net worth yet we are hitting a generational low of actual homeownership.
Becoming a farmer is a good choice — but not for the reason that the government thinks. -- RF

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