Thursday, June 11, 2015


News Links, June 12, 2015

## Global Ponzi meltdown/House of Cards ##
Democracy on Hold: President of European Parliament Suspends Vote on Secretive U.S.-EU Trade Pact as Tide Turns Against It
This Ruling Could Push Argentina Off the Cliff
As Greece lurches toward default, businesses hit the wall
IMF walks out of Greece bailout talks
Bond crash across the world as deflation trade goes horribly wrong
Get ready for a 4,000-point Dow drop
World Bank Sees Slower Global Growth, Urges Fed To Wait On Rates
The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates.
As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars
MERS taking toll on South Korean economy
Channel Stuffing The Economy: There Has Never Been More Cars "On The Sidelines"
South Africa's Telkom to cut 4,400 jobs to contain costs: spokeswoman
Cut, baby, cut! -- RF
Ghana says $15 bln needed over 10 years to close infrastructure gap
Here are all the CEOs and politicians going to the top secret Bilderberg Conference this week
Dubai's DIFC unveils plans to triple in size by 2024
Group of 100 Canadian and U.S. scientists is calling for a moratorium on all new oilsands projects
Nader's 10 Reasons That the TPP Is Not a 'Progressive' Trade Agreement
Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe, Gold 1425 by Year End
Mish Interview on Forbes Mexico: Global Day of Reckoning Awaits

## Airline Death Spiral ##
Small-town airports close as fewer pilots take to skies
Time for a New Suitcase: Airlines Want to Make Your Carry-On Bag Even Smaller
Report: Dirty Conditions Found In Airline Food Prep Areas At LAX
Taiwanese airlines reducing South Korea capacity due to MERS outbreak
Global air freight momentum slowing - IATA
Study: Aviation Security Endangered By Spread Of Missiles

## Fault lines/flashpoints/powder kegs/military/war drums ##
Crunch time coming for Saudi campaign as options narrow in Yemen
After 11 weeks of air strikes that have failed to change the balance of power in Yemen, Saudi Arabia is running out of options to restore President Abd-Rabbu Mansour Hadi's exiled government to Sanaa.
Mideast's worst case: A 'big war' pitting Shia Muslims against Sunni
U.S. Sending 450 Military Personnel to Iraq for Ramadi Battle
US considering more bases in Iraq to fight Islamic State
Rand Paul is right: Neocons created ISIS
US Troops to Set Up New Base Outside of ISIS-Held Ramadi
Russia says U.S. coerces Kiev and violates arms treaties
Russia accused the United States on Thursday of coercing Kiev into pressing on with the conflict in east Ukraine and urged Washington to fully implement a treaty on eliminating intermediate-range and shorter-range missiles.
The New Cold War Is Getting Serious: US To Send B-52s To Sweden
Russia's Sukhoi T-50 PAK FA Fighter Jet Can Defuse Enemy Plane's Stealth Capability: Report
"Obama Is Destroying Europe", "Dragging It Into A Crusade Against Russia" Says Former French PM
Putin is a 'bully,' U.S. needs to respond resolutely: Jeb Bush
Putin Says US Imperial Footprint Unmatched: 'Draw a Map and See'
Ukraine conflict ups demand for pre-fab bomb shelters

## Global unrest/mob rule/angry people/torches and pitchforks ##
China condemns Tibet protesters, says won't shake bid resolve

## Energy/resources ##
Why EIA, IEA, and BP Oil Forecasts are Too High
Investment In Canada's Oil Sands Industry To Drop 30%
A Glut For Natural Gas Too?
China's offshore CNOOC started to peak in 2010
Eskom to cut 2,000 MW of power from 4pm to 10pm
Fuel crisis: NLC urges Buhari to declare emergency
The Nigeria Labour Congress (NLC) yesterday urged President Muhammadu Buhari to immediately declare a state of emergency in the oil sector to ensure adequate fuel supply at the appropriate price.
Kazakhstan to host international uranium fuel bank
S.Korea needs new facility for spent nuclear fuel -advisory group
South Korea should build a new temporary facility to store spent nuclear fuel from 2030 and consider permanent underground storage from the middle of the century, a government advisory body said today.
As money disappears, much spent fuel and other waste — in South Korea and other countries — will never find permanent storage and be poorly secured. -- RF
North Sea oil profit slump threatens projects

## Infrastructure scavenging ##
School in Mapperley forced to close after metal thieves strike
Schumer bill targets metal theft from railroads, other infrastructure
Thieves steal batteries from cell phone towers
Thieves target wind farms in Garfield County

## Got food? ##
Organic farming can actually be more profitable than using fertilizers and pesticides
Study: Americans waste $161.6 billion worth of food annually
Rooftop farms appealing, but will they catch on?
Rapid groundwater depletion threatens Pakistan food security
Americans may be wasting more food than they think
Blue Bell Listeria Outbreak 2015: Contaminated Ice Cream Still Poses Danger, CDC Warns After Finishing Investigation
House votes to repeal country of origin label requirement for meat

## Environment/health ##
Hospitals Are Blatantly Ripping Us Off
Pregnant woman among 14 new MERS cases in South Korea; total hits 122
Big Pharma's Hidden Hand In Rise of Antibiotic-Resistant Superbugs
Mutations found that allow MERS to jump from bats to humans
One Nation, Under Sedation: Medicare Paid for Nearly 40 Million Tranquilizer Prescriptions in 2013
Dairy cow in major exporter Ireland's County Louth may have BSE
China wants to clean up space junk circling the Earth

## Intelligence/security/internet/cyberwar ##
Russian Security Firm Suspects Israeli Connection In Spy Virus Attacks On European Hotels Hosting Iran Talks
Kaspersky Finds New Nation-State Attack—In Its Own Network
NSA Surveillance Could Cost Billions For US Internet Companies After Edward Snowden Revelations
US social media websites to refuse to hand over private details of suspected terrorists
Israel Seeks to Criminalize Criticism
Facing growing condemnation for anti-Palestinian racism, Israel has gone from accusing its critics of anti-Semitism to exploring ways to criminalize a boycott movement intended to create a real democracy for Jews and Arabs.
Hackers' Favorite Target: Big Oil and All That Deadly Equipment
World's Nuclear Facilities At Risk From Cyber Attacks
China Cybersecurity Defense Outlook: China Still Less Vulnerable To Attacks Than US
Every Federal Employee Hacked: Cyberattackers Stole More Personal Data Than Obama Administration Thought, Union Boss Says
Lies the Government Is Telling You—The Freedom Of Information Act Is A Fraud
Bitcoin, other virtual currencies to face international scrutiny
Financial authorities in some of the world's biggest economies, including the U.S., China and Japan, will seek common rules on virtual currencies like bitcoin to stop them from serving as a medium for terrorist financing, money laundering and other illicit activities.

## Propaganda ##
The Saudi Finger-pointing at Iran
Parroting Israel and Saudi Arabia, much of Official Washington blames Iran for the current instability across the Mideast, but that may rank as one of the most inside-out explanations imaginable.
News Flash: Washington Post Caters to the Powerful
WPost Plays Ukraine's Lapdog
Ukraine's Prime Minister Yatsenyuk and Finance Minister Jaresko are on a U.S. trip to drum up weapons and money to crush the ethnic Russian resistance in the east – and they are finding a lapdog U.S. press that won't ask them tough questions.

## Systemic breakdown/collapse/unsustainability ##
A Magical Mystery Tour of American Austerity Politics
The situation they describe is awful, but realistically little or nothing can be done. As I've said before, net energy decline dictates that austerity is the wave of the future. Buckle up, because brutal, savage austerity is on the way. -- RF
Australian houses are just glorified tents in winter
A study has shown that the poor quality of our housing is behind many preventable deaths from the cold in Australia.
The Era of Dissolution (Archdruid Report)
Cyber-attack on Tokyo Chamber of Commerce
Officials say hackers may have stolen more than 12,000 pieces of data, including names, addresses and phone numbers of member firms.
Ocean garbage scoop study to start off Japan coast
Sounds great, but as with anything else, the money has to come from somewhere, and from here on out there will be progressively less money to spend on anything. Politicians are still in denial mode, preferring to believe that the economy will "get better" and bring in the tax revenues. --RF
NASA Fuming After SpaceX, Boeing Rocket Launches Delayed For 2 Years Due To Proposed Budget Cuts
Americans astronauts will continue to fly Russian-made rockets from Earth to the International Space Station if Congress agrees to slash more than $300 million from NASA's budget. The federal space agency will be too broke to fulfill contracts with SpaceX and Boeing and have no choice to continue paying the Russian government $70 million for every flight to and from the ISS. NASA, to put it mildly, is furious.

## The Clintons ##

And finally...
Thai man rubs fire ant nest on his genitals, pain ensues
Experts Say Best Option Now Is Keeping Nation As Comfortable As Possible Till End (The Onion)

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