Tuesday, June 30, 2015


News Links, July 1, 2015

## Global Ponzi meltdown/House of Cards ##
As Deadline Looms, Puerto Rico's Debt 'Is Not Payable,' Governor Says
Puerto Rico Debt Crisis: Government Shutdown, Tax Increases, High Unemployment, Other Woes Plague US Commonwealth
Bond Insurers Crash, Hit by Puerto Rico's Default Shrapnel
Greece Becomes First Developed Country To Default To The IMF
Greece May Not Even Have The Funds To Conduct A Referendum
Greece debt crisis: Banks to remain shut all week
Fitch downgrades Greek banks to 'Restricted Default' after government imposes capital controls
Greece, Democracy and Magical Thinking
Panicked Hedge Funds Now Praying for a Miracle in Greece
Low Interest Rates May Be The New Normal, Bank For International Settlements Says
Does HSBC Know Something Other Banks Don't?
French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals
16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World
Biggest One-Day Selloff in S&P 500 Since Feb 2014
7 photos that sum up what it looks like in Greece today
The Care and Feeding of a Financial Black Hole

## Airline Death Spiral ##
State of Delaware no longer has regular passenger service
Game of Chicken with Iran
In lock-step with Israeli hardliners, U.S. neocons continue their campaign to block a nuclear deal with Iran even if the tight restrictions would serve broad American interests and avert another Mideast war. That has left Secretary of State Kerry in a dangerous game of chicken.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armenians continue protest despite suspension of power price rise

## Energy/resources ##
Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground.
The Coming Financial Apocalypse For U.S. Shale
Bangladesh Running Out of Natural Gas
Dhaka:  Should the current rate of extraction continue, the natural gas reserves of Bangladesh will run out in 2031, which would endanger the energy security of the nation, as revealed yesterday by an official source.
Grow Your Food in a Nook and Cranny Garden, Part 2
Things just got a lot worse over at McDonald's
McDonald's customer satisfaction ratings are getting worse, and it's dragging the rest of the fast food industry down with it, according the American Customer Satisfaction Index Restaurant Report 2015.

Common Chemicals May Cause More Cancer Than Previously Thought
Researchers say they've identified dozens of chemicals that push the body one step closer to cancer, even at low exposure levels.
'Top Predator' Humans Causing Catastrophic Ecosystem Shifts: Study
Human activity is leading to an international decline in the variety of plants and animals through extinction, as organisms not useful to human needs are killed off by ecosystem changes or over-exploitation, according to a new study.

## Intelligence/security/internet/cyberwar ##
WikiLeaks Publishes More Documents Revealing Saudi Connection Against Syria And United States
According to documents leaked by WikiLeaks, a secret treaty among Qatar, Turkey and Saudi Arabia shows they intended to overthrow the Syrian government. The revelation came from Julian Assange, the founder of the controversial website.

## Systemic breakdown/collapse/unsustainability ##
As with the airport/airline security apparatus, the increasing expense of security in all sectors will help drag down the economy even faster. -- RF
Komatsu CEO says sluggish construction sales show worsening China slump
Komatsu Ltd.'s customers in China are reluctant to buy construction equipment because they are unsure when building projects will start, underscoring the challenges the Japanese supplier and its peers face in a market that is cooling more than expected.
They might want to consider Chinese instead. -- RF
Why your patio is making the heatwave even hotter
Government's official climate change advisers urge city-dwellers to stop paving over their gardens
"I think America is out of hand": The shocking numbers that reveal just how burnt out American workers are
Productivity has exploded in the American workforce in recent years, but at a terrible cost

And finally...
#Whoops: Canada cops accidentally broadcast blowjob conversation from helicopter
Police call expert to remove snake from the back of computer, turns out to be a cable

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