Sunday, May 24, 2015

 

News Links, May 25, 2015

## Global Ponzi meltdown/House of Cards ##
JPMorgan: Something Has Gone Wrong With the Global Consumer
In India, Gold Is Not Only Money But Now Pays Interest
Downturn in South America Mauls Spanish Companies, Threatens Spain's "Recovery"
Petrobras Scandal Could Undermine Brazil's Economy
Greece can't make €1.6B IMF payment, refuses to budge on rescue aid terms
G7 Finance Ministers To Address Faltering Global Growth
Revealing The Identity Of The Mystery "Belgian" Buyer Of US Treasuries
TTIP Controversy: US Officials, Industry Lobbyists Pressured EU Not To Regulate Harmful Chemicals, Threatened Trade Deal
U.S. trade officials pressured the European Union (EU) not to regulate hormone-damaging chemicals that have been linked to health issues such as cancer, fertility and diabetes during talks over the Transatlantic Trade and Investment Partnership (TTIP), according to documents obtained by Pesticides Action Network Europe.
New Silk Road Could Change Global Economics Forever
Strangled By War and Siege, Gaza's Economy 'On Verge of Collapse': World Bank
Chinese 'Virus' Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week
Free-spending governments learning they cannot hide behind an oil barrel

## Airline Death Spiral ##
Asian airlines 'close to break-even in 2014′, says AAPA
"Asia Pacific airlines in aggregate operated at close to break-even in 2014, compared to a net profit of US$2.2 billion reported for the year 2013,"  according to preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA).
Nigerian airlines cancel flights amid fuel crisis
Fights, Smashed Computers, and Food Thrown in Riot at Shenzhen Airport Over Delayed Flights

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran enters Iraqi fight for key oil refinery, US says
Iran has entered the fight to retake a major Iraqi oil refinery from Islamic State militants, contributing small numbers of troops - including some operating artillery and other heavy weapons - in support of advancing Iraqi ground forces, U.S. defense officials said Friday.
Saudi Arabia Seeks 10 Sea Hawk Helicopters
Islamic State raises flag over citadel in Syria's Palmyra: supporters
Iraq regains ground from Islamic State; mass deaths reported in Palmyra
Syria regime likely to accept de facto partition of country
Death in the orchards: the crumbling of the Syrian regime
Obama Winks at Terrorist Gains
President Obama is playing a reckless game as he winks at Saudi and other Sunni oil-state support for al-Qaeda affiliates in Syria, with the very real possibility that the secular government will collapse and the terrorist black flag will be hoisted over Damascus.
Libyan Government Warplanes Attack Oil Tanker Docked At Sirte
Saudi forces and Yemen's Houthis trade heavy fire, border crossing hit
Saudi clerics urge calm as village hit by Islamic State seethes
Saudi Arabia's top Sunni cleric on Saturday branded a deadly attack on Shi'ite Muslims a bid to sow chaos, after villagers targeted in the bombing vented their anger at what they saw as the Sunni-dominated government's indifference to their safety.
Dispute over Mideast nuclear arms ban torpedoes U.N. conference
Israel Nuclear Weapons: Netanyahu Thanks US For Backing At The UN Against Middle East Nuclear Drive
Iran Accepts UN Inspection of Military Sites Amid Nuclear Talks
Israel Seeks International Law Rewrite
Israel and its supporters are leading a charge to rewrite how international law defines crimes against humanity to create more leeway for military attacks that kill large numbers of civilians, a bitterly ironic development.
Israel Defense Exports Plunge to Seven-Year Low
Slain Salvador archbishop beatified in sign of Catholic Church's new direction
Unable to halt Europe-bound migrants, Tripoli demands help
Washington's Shameful Obeisance To The Odious Oligarchs Of Saudi Arabia
Japan mulls energy, infrastructure aid to Cuba

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters block all lanes on Cleveland's Shoreway
Cleveland protests erupt after officer found not guilty
'We Will Win': McDonald's Worker Protests Stretch Into Second Day
Protests in Olympia end after clash with police
Hawaii groups plant coconut trees, protest against Monsanto
Demonstrators planted coconut trees and waved signs in rallies across the Hawaiian Islands as part of an international day of protests against agriculture business Monsanto.
'March Against Monsanto': Protest against GMO giant to roll in 38 countries this weekend
The strikes sweeping Germany are here to stay
As pay gaps widen and conditions deteriorate, German public sector and service workers are turning to once-unthinkable industrial action
Thousands surround Diet to protest U.S. base relocation plan (Japan)

## Energy/resources ##
Millions of Barrels of Oil Are About to Vanish
Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.
Norway overtakes Russia as western Europe's top gas supplier
Clock Running Out For Struggling Oil Companies
Nuclear Power Isn't Really Zero-emission, But Neither Is Anything Else
Nigeria Fuel Shortage: Arik Air, MTN And Airtel Among Big Businesses Crippled By Lack Of Fuel
Nigerian cellphone provider needs fuel to prevent shut-down
Nigeria's leading cellphone provider said Sunday it urgently needs diesel to prevent shutting down services countrywide - the latest business hit by a months-long fuel crisis in Africa's biggest oil producer.
Heat and Drought Pose Threat to U.S. Power Supplies
$100 Billion Cut from Global Energy Projects
The collapse of crude oil prices that started last Fall and continued through the first half of March this year has forced many U.S. producers to delay new drilling or well completions until prices rise again. But it's not just U.S. producers that have felt the pressure. As expensive as it is to produce tight oil from the shale plays of North Dakota and Texas, it's even more expensive to produce crude from Canada's oil sands and the frigid waters of the Arctic Circle.

## Got food? ##
China makes fake rice from plastic: report
Bird flu in U.S. might drive up egg prices by the billions, analysts say
Arguments against GMOs
Egg Prices in New York Surge

## Environment/health ##
Transocean Settles For $211 Million In Deepwater Horizon Spill
After Decades, Fake Tire Reefs 'Killing and Smothering' Real Coral
Bird Flu Spreading as Scientists Look Everywhere for Clues
Flash Floods In Texas And Oklahoma: Cities Will Hit Wettest Months On Record
Heat wave in India kills at least 335 people
Unprecedented Mass Die Offs as Pacific Ocean "Turning Into a Desert" Off California Coast

## Intelligence/security/internet/cyberwar ##
Apple and Google Just Attended a Confidential Spy Summit in a Remote English Mansion
At an 18th-century mansion in England's countryside last week, current and former spy chiefs from seven countries faced off with representatives from tech giants Apple and Google to discuss government surveillance in the aftermath of Edward Snowden's leaks.
FBI Confirms No Major Terrorism Cases Cracked via Unconstitutional Patriot Act Phone Spying
Adult FriendFinder Hacked – Accusations Emerge that Federal Employees Used it from Government Emails
NSA winds down once-secret phone-records collection program
TPP Could Criminalize Journalism and Whistleblowing
Putin signs law allowing closure of 'undesirable' foreign organisations
US Department of Justice releases drone guidelines; protects privacy
Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad
Researchers Predicted In 1971 that Debit Cards Would Become the Ultimate Spy Tool

## Propaganda ##
The MH-17 Propaganda War
When called to account for an apparent inaccuracy in a broadcast pinning the MH-17 shoot-down on Russian President Putin, Australia's "60 Minutes" responded with insults and dissembling. But that behavior has been typical of the propaganda wars around the Ukraine crisis.

## Systemic breakdown/collapse/unsustainability ##
Our Crazy-Making Economy's Endgame: Festering Frustration Seeking an Outlet
The future of humankind after the great crash: extinction or the human hive?
Mexico gunfight kills 43 as government hits gang hard
Shots fired at members of Mexican gubernatorial candidate's campaign team
With 10K rooms, world's largest hotel coming to Saudi Arabia
The hotel is expected to stand 2,000 feet tall and feature 10,000 rooms, 70 restaurants, 12 separate towers, four helicopter pads, a bus station, shopping center and a convention center.
Grexit "Disaster" Looms As Greek Hospitals Run Out Of Sheets, Painkillers
Derailing Amtrak: Tracking the Latest Disaster in the Infrastructure Crisis
Is the slowdown in productivity growth a result of energy costs?

## Japan ##
Working to death in Japan: Health warning over 'no overtime' law
Japan's push to take away overtime from high-paid workers has critics warning it will aggravate a problem synonymous with the country's notoriously long working hours—"karoshi," or death from overwork.
Mazda, Mitsubishi add 630,000 more cars to Takata airbag recall
Rally against base relocation held in Tokyo
Local governments curbing drones
Govt to lead work to select nuclear waste disposal sites
Defenses bolstered across Nansei Islands
Spinning playground equipment vanishing from parks
Children are losing the opportunity to develop their sense of rotation as moving playground equipment is phasing out while municipal governments are wary of the risk of injury and the costs of maintenance.
Electronics chain Yamada Denki to close 46 stores as tax hike erodes profits
Risk of hydrogen explosion from leaking containers at Fukushima plant

## China ##
The Shenzhen Bourse ——Home Of The 500% Stock Rally
Hanergy chairman Li Hejun added to his short position days before its US$19B market value wipeout
China Establishes World's Largest Physical Gold Fund

## UK ##
CCTV cameras secretly being switched off by cash-strapped councils
CCTV cameras in towns and cities across the country are being switched off by councils who cannot afford to keep them running, making it "increasingly difficult" for police to investigate serious crimes, the Government's surveillance camera watchdog has warned.
First it was street lights, and now it's cameras. What will they turn off next? -- RF
Secret Bank of England taskforce investigates financial fallout of Brexit
News of undercover project emerges after Bank staff accidentally email details to the Guardian including PR notes on how to deny its existence
Cadbury's Roses chocolate boxes have shrunk for the fourth time in as many years
Five internet trolls a day convicted in UK as figures show ten-fold increase

## US ##
Yellen Yap: Point by Point Rebuttal
CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned
The U.S. Is About to Change the Way It Calculates GDP
Junk-Rated Chicago Has A Billion Dollar Pension Problem
Schwab Warns on Munis, those "Affected by Pensions" Are Toxic
New Jersey May Not Be Able to Find Money for Pension Payment This Year, State Officials Say
It Is Mathematically Impossible To Pay Off All Of Our Debt
Oregon governor expands drought emergency zone, says water shortages imminent
California farmers agree to drastically cut water use
Vandals damage California dam, release 50 million gallons of water
Why many experts missed this: Cheap oil can hurt US economy
Police Probe Letter Sent to Long Island Home Asking Black Family to Leave "84 Percent White" Town
Murray Abbott, Missing Morgan Stanley Trader, Dies at 36
More phones, more wrecks? Distracted driving on the rise
7 countries where cash-strapped Americans should consider studying
America's trailer parks: the residents may be poor but the owners are getting rich
Armored vehicles in small-town America trigger debate
10 Most Expensive Wars In U.S. History

## The Clintons ##
Hillary Clinton's Speech Requirements: Private Jets, Presidential Suites And Lots Of Cash
'Pls print': Hillary Clinton's email order raises eyebrows




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