Sunday, May 17, 2015


News Links, May 18, 2015

## Global Ponzi meltdown/House of Cards ##
Dry bulk shipping market unlikely to recover until 2017
The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in earnings anticipated over the next two years.
Low interest rates make saving nearly mission impossible
The Global Trade Corporatocracy Slams into Local Resistance
Greek PM warned lenders of not repaying IMF debt in May: report
War on Cash: Leading German Keynesian Economist Calls For Cash Ban
Presenting The $77 Billion P2P Bubble
Most children are happy no matter what, but materialism catches up eventually
Collateral Damage From Russian Recession Could Be Global
Who's your debt daddy? China tops list of US foreign creditors once more
How China Covered The World In "Liquidity Swap Lines"
Yuan Could Be Fully Convertible by Year-End; What This Means for the Dollar
Amid China slowdown, foreign creditors face bankruptcy riddle

## Airline Death Spiral ##
FBI: Computer expert briefly made plane fly sideways
A computer security expert hacked into a plane's in-flight entertainment system and made it briefly fly sideways by telling one of the engines to go into climb mode.
Russia's Third-Largest Airline UTair Cuts 44% of Staff
For Flyers, It's Going to be a Fee-rocious Summer
Another Africa airline bites the dust
Asian carriers rearrange the deck chairs
Asian airports face congestion, warns global body
Confident Delta CEO predicts fewer flight delays

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State routs last elite Iraqi units from Ramadi in huge defeat for Baghdad
Iraqi security forces attempting to retake control of the western city of Ramadi were routed in heavy fighting Sunday, the worst defeat for Iraq's central government since Islamic State militants stormed across the country last June.
Islamic State Seizes Iraqi Army Base, PM To Send In Shiite Fighters
Hundreds Killed in Ramadi; US To Rush Weapons to Iraq
Australia urged to send military to counter China's control over sea lanes
Australia should prepare to send military aircraft and ships to the South China Sea to stop China from asserting territorial control across some of the world's most important trading lanes, says a leading defence planner.
US Special Ops Troops Kill ISIS Leader in Syria Raid
Fearing Russian expansion, Baltic nations step up military exercises
Canada Restarts Attempt to Buy Drones
US Army, Air Force drone pilots overworked, understaffed and undertrained
Israel prepares to swallow the bitter Iran pill
Capitalism vs. Morality: The final battle to save Planet Earth
China, India Announce $22 Billion In Business Deals, Pledge To Resolve Border Issue
Putin says Ukraine being overrun by fascists - and he may be right
Ukraine's parliament, the Supreme Rada, passed a draft law last month honoring organizations involved in mass ethnic cleansing during World War Two.
Malaysia Kicks Off Talks For A Solution To Rohingya, Bangladeshi Migrant Crisis
Pressure mounts on Myanmar over Asia 'boat people' crisis
In Asian seas, a migrant boat finds nowhere to land
US, China clash over disputed South China Sea
General al-Sissi To Obama: Thanks For The F-16s & Tanks——Now We Can Execute Ex-President Morsi
U.S. Marines look to nurture integrated Asia-Pacific amphibious forces
The U.S. Marine Corps is bringing together foreign commanders from amphibious forces deployed mostly in the Asia-Pacific for a conference aimed at taking initial steps to integrate their operations, with China excluded from the event, according to officials and planning documents.

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Paddle in Seattle' Arctic oil drilling protest
Anti-Renzi protesters march through streets of Naples
Burundian protesters back on the streets after failed coup
Thousands march against prolonged Ghana blackouts
Up to 40,000 protesters call for Macedonian government to resign
Thousands rally in Okinawa to stop new Camp Schwab runway
When The Class Divide Gets Too Wide: Another Look At The French Revolution

## Energy/resources ##
Bulgarian power producers cut output due to low demand
Safety system at Ukraine's largest Zaporozhye nuclear plant triggers shutdown

## Infrastructure scavenging ##
Copper thieves zap $60,000 scoreboard at Duluth's Wade Stadium
Fife schools counting cost after metal thieves strike
Thieves Steal Bus Shelter Seats
Thieves taking off with more and more catalytic converters

## Got food? ##
Picking strawberries in Mexico for U.S. tables leaves workers asking for more
Sysco sees U.S. bird flu hurting egg supply up to 18 months

## Environment/health ##
German government poised to tackle growing antibiotic resistance
Germany hopes to slow the development and spread of antibiotic resistance in medicine and agriculture with its new "DART 2020" strategy. But critics have their doubts, saying it does not do enough to curb large-scale use of antibiotics on livestock farms.
Generation Deaf: Doctors Warn of Dangers of Ear Buds 

## Intelligence/security/internet/cyberwar ##
Jeremy Hammond's a hero who exposed surveillance-state secrets. His excessive prison sentence should terrify us all
Even the FBI Had Privacy Concerns on License Plate Readers
Washington's Bin Laden Cover Story——The Dog Ate My Cadavar
As I have said repeatedly, OBL was already long dead by the time of the staged raid, whose real purpose was to kill the ghost, bring the official US government narrative to a conclusion, and build political capital. The US government's account has never made any sense, and it is testament to the gullibility of the world public that people will readily believe such a cockamamie story. -- RF
UK government quietly rewrites hacking laws to give GCHQ immunity

## Propaganda ##
Censorship: Are forces of darkness gathering in Japan?
The media's Reaction To Seymour Hersh's Bin Laden Scoop has been disgraceful

## Systemic breakdown/collapse/unsustainability ##
Silicon Valley Is Letting Go of Its Techie Island Fantasies
Amtrak crash reignites Capitol Hill debate over infrastructure spending, burden of sequester
America's premier rail superhighway is slowly falling apart; half of route's 1,000 bridges are around a century old
Amtrak: How America lags behind rest of developed world on train safety
Experts say US rail signaling is 'primitive' after officials admit an automatic safety system common elsewhere would probably have prevented the derailment
Sen. Booker: Crumbling Infrastructure Is a Public Safety Problem
Stephen Toulmin welcomes you to the end of modernity

## Japan ##
Thousands rally against U.S. military base on Okinawa
U.S. to station 400 airmen, personnel at Yokota in 2017 Osprey deployment

## China ##
Shenzhen's Tycoon Golf Course the Latest Casualty of China's Anti-Corruption Campaign
China Tells Raging Drivers to Cool It After Woman Kicked in Head
Regional economic disparities become pronounced in China

## UK ##
Navy whistleblower claims Trident is disaster waiting to happen
Terrorists could attack the UK with its own nuclear missiles because of alarming security lapses at Faslane, where they are held, an on-the-run Royal Navy whistleblower has warned.
George Osborne calls emergency July budget to reveal next wave of austerity
Out of a home: The tenants forced to leave town
Thousands of Northerners sign petition for north of England to join Scotland
Judge takes pity on dad who stole food from Tesco to feed his family
Police warn big budget cuts will lead to 'paramilitary' force
Social landlords expect cuts to trigger new wave of homelessness

## US ##
Goodbye, America: The rich are renouncing their citizenship to dodge taxes
Family claims they lost custody of children for living 'off the grid' (video)
Crushing student debt makes ends hard to meet
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
US gas prices rise 22 cents per gallon
Nothing better illustrates the extent to which the United States has turned its back on the rule of law than when the likes of Condoleezza Rice are asked to address graduates and receive doctoral degrees honoris causa at university commencements. Ms. Rice – in my view a war criminal – was accorded those honors Saturday by the College of William and Mary, the second-oldest college in the U.S.
Obamas worth millions, disclosure forms reveal
Obama's Push to Expand Credit to "Credit Invisibles"
A desperate bid to prop up the economy through further debt expansion. -- RF

## The Clintons ##
Clintons earned $30 million in 16 months, report shows
Stephanopoulos, ABC have not fully disclosed Clinton ties: Schweizer
Hillary Clinton personally took money from companies that sought to influence her

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