Tuesday, June 09, 2015


News Links, June 10, 2015

## Global Ponzi meltdown/House of Cards ##
Global Cooling Alert: US IS Awash In Glut Of Scrap Materials
Global Cooling Alert: Malaysian FX, Exports And Hot Capital Hit Deep Slump
White House Admits Economies Of European Allies Crippled By Russian Sanctions
HSBC to shed up to 50,000 jobs, slash investment bank
Cut, baby, cut! -- RF
German Banker: Obama Is Destroying Europe
BRICs Hit a Wall
Southeast Asia auto: No end in sight for plunging car sales
New car sales in Southeast Asia's three largest markets are sinking like stones. And economic conditions in key markets offer no reason to expect change anytime soon.
Australia's "Largest Housing Bubble on Record" in 4 Charts
Why don't Canadians have emergency funds anymore?
AP analysis: More 'phony numbers' in reports as stocks rise
Those record profits that companies are reporting may not be all they're cracked up to be. As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.
Driverless Trucks to Hit Alberta's Oilsands Region Replacing $200,000/yr Operators; Big Layoffs Coming
Qatar expects budget deficit in 2016
MasterCard Taps Into Somalia's Remittance Money, Battles Visa In Africa
The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi
China to Have Veto at Infrastructure Bank

## Airline Death Spiral ##
Air travel demand projected to double in 20 years
IATA hikes 2015 global airline profit forecast to $29 billion
Airlines hit headwinds from investors as they try to capture growth
European Airlines Add Fees To Tickets Purchased Through Third-Party Websites
Airline group suggests smaller carry-on bags to free up bins
'Fear and distrust' infect culture at TSA, official says
Airline industry battles with pilot mental health options after Germanwings

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Iraqi Army No Longer Exists
This Is How Little the US-Led Air War Against ISIS Has Achieved
One year after shocking capture of Mosul, Islamic State remains formidable
ISIS Thanks Washington——-Gets 2,300 Humvees, 74,000 Machine Guns, 52 Howitzers, 40 Abrams Tanks, Etc.
Ex-US Intelligence Officials Confirm: Secret Pentagon Report Proves US Complicity In Creation Of ISIS
Declassified——The US Government's No Longer Secret Support for Al Qaeda and ISIS
Obama Considers Sending More Troops To Iraq
US Strikes ISIS Fighters to Protect al-Qaeda Town in NW Syria
Saudi Arabia 'could go nuclear' unless Iran talks lead to 'watertight' agreement warns ambassador
Migrant Interdiction A Growing Naval Mission
This Video Illustration Showing the Scale of Human Loss From World War II Is Devastating
IAI shines spotlight on loitering attack drone
Israel Aerospace Industries is highlighting a drone system that is capable of loitering over a target area for hours before attacking.

## Global unrest/mob rule/angry people/torches and pitchforks ##
20,000+ Police March In Force Against G7 Protests in Germany

## Energy/resources ##
Ukraine's Shale Dream Falls Apart
Colorado dispute over solar power reflects national trend
A rate dispute between an electricity cooperative that serves a large swath of Colorado and its residential solar power customers is part of a national conflict between the utilities and the solar industry.

## Got food? ##
South African Farm Debt-Finance Levels Seen at 35-Year High
Debt-finance levels among farmers in South Africa, the continent's biggest corn producer, may rise to the highest in 35 years, curbing growers' ability to get more funding as they contend with the worst drought since 1992.
Replanting America: 90 Percent of What We Eat Could Come From Local Farms
Supermarkets: Is it the end of empire?
I participate in a gift economy with my community. If you have something you don't need, but someone else does, give it to them. Eventually that gift will find its way back to you in a different form, as something you need, and when you least expect it. Gifts aren't always material things, either. Sometimes they are help with something you can't do yourself. Note that this is not barter. There is no "trade" of goods and services, and no calculation of monetary values or balances. A gift is something given with no expectation of return. But all participants benefit sometime, somehow. Give it a try! -- RF
Patient With Extreme Form of TB Sent to NIH
A female patient with an extremely hard-to-treat form of tuberculosis is being treated at the National Institutes of Health outside Washington D.C., and federal and state officials are now tracking down hundreds of people who may have been in contact with her.

## Propaganda ##
Cold War II to McCarthyism II
With Cold War II in full swing, the New York Times is dusting off what might be called McCarthyism II, the suggestion that anyone who doesn't get in line with U.S. propaganda must be working for Moscow.
Israel's 'Legitimacy' War
There are legitimate questions about the legitimacy of Israel's endless repression of the Palestinian people, but Israel and its backers have now declared such questions illegitimate as they mount a new propaganda war against Israel's "delegitimization."
CNN Unveils New Studio to Produce Content for Advertisers
CNN is creating an in-house studio that will produce news-like content on behalf of advertisers, a move that reflects marketers' growing desire for articles and videos that feel like editorial work.
Just last month, President Obama dispatched Secretary of State Kerry to secure Russian President Putin's help in addressing the Syrian crisis and other world hotspots – but despite Putin's agreement, Obama has reversed himself and is back hurling insults at the Russians, a troubling development.
The Demonization of Iran
Ever since Iran made it on to the neocon "regime change" list, its actions have been put through the special prism of demonization that is reserved for U.S. "enemies." Now, those exaggerations and distortions are obstructing an agreement to constrain Iran's nuclear program.

## Systemic breakdown/collapse/unsustainability ##
The University as a Giant Rube Goldberg Machine
Road rage, air rage, shopping cart rage, password rage... Modern society is literally driving us mad. -- RF
Read article to find out why. -- RF
Japan's GDP lift is bounty from currency war
The unexpectedly large jump in Japan's first-quarter GDP happened almost entirely because its exporters have joined in a race to the bottom by major trade currencies.

## China ##
As China's boom surpasses the headiest days of the U.S. Internet bubble, signs of excess are cropping up everywhere. Mainland speculators have borrowed a record $348 billion to bet on further gains, novice investors are piling into shares at an unprecedented pace and price-to-earnings ratios have climbed to the highest levels in five years. The economy, meanwhile, is mired in its weakest expansion since 1990.
Xiaonanhai – The Controversial Dam on the Yangtze that Will Not be Built
Eric Casebolt, 'Pool Party Cop,' Was Accused Of Forcing Black Motorist To Drop Pants In 2007 Traffic Incident
I guarantee it will get a lot worse than this. -- RF

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