Thursday, June 18, 2015


News Links, June 19, 2015

## Global Ponzi meltdown/House of Cards ##
Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly
Greece's pension paradox: Many elderly are broke, despite government's costly spending on system
Greeks admit they will default at the end of the month as central bank turns on government
Greece Declares Troika Debt Illegitimate, Odious, Illegal; German Official Calls Greek Leaders "Clowns"; Expulsion From EU?
Greece has not asked Russian finance ministry for aid - deputy minister
Greece has not asked Russia's finance ministry for financial assistance and its prime minister is visiting Russia to discuss joint projects, not to seek cash, Russian Deputy Finance Minister Sergei Storchak said on Thursday.
Greece Default Update 2015: Eurozone Leaders To Hold Emergency Meeting After Greece Fails To Secure A Deal With Creditors
Tax Revenue Collapses in Greece; Government Denies Capital Controls; Citizens Pull €2bn in Three Days
ECB "Blesses" Greek Bank Runs, Says Unsure If Banks Will Reopen Monday
The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver 'The Great No'
Why We Are All Now Cypriots-to-be in the New Age of Bail-Ins
The Next Great European Financial Crisis Has Begun
Wall Street Stirs Fears Of Bond Market Crisis In Push For Looser Regulations
OPEC Revenue Slumps Below $1 Trillion First Time Since 2010
Diamonds for loans scheme launched in Dubai
U.S. military is the largest employer in the world
Can US Coal Miners Dodge the Bankruptcy Bullet?
Russia Buys Gold Bullion For "Principles Of Diversification" – Central Bank Governor
They're Coming to Take Away Your Cash
Why $1,200 is important for gold

## Airline Death Spiral ##
Airlines' Carry-On Bait and Switch
IATA pauses voluntary plan to shrink the size of permitted carry-on luggage
Planes simultaneously taking off on intersecting runways halted at Chicago's Midway Airport
Airlines Take Turns Raising Fares in Rare Pattern
US airline 2Q2015 unit revenues sink as capacity continues to creep up. The cycle returns?
El Al airliner turns back half way to N.Y.C. after engine failure
Airlines join forces to push EU to help lower their costs
Many airlines are facing pilot shortage because of new legislation
Allegiant pilots question airline's safety
Pilots for Allegiant Air are raising new concerns about the safety of the company's planes. The pilot's union has sent the airline's board of directors a letter, outlining its concerns. In part, it says: "As you know, the pilots at Allegiant Air have concerns about the company's bare minimum approach to maintenance and operation of the airline."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State Deepens Its Roots by Offering Important Services
War On ISIS: House Vote Keeps US Troops In Iraq And Syria Fighting Islamic State
Pentagon Chiefs Paint Bleak Picture of ISIS War
Iran's Support Can Eliminate ISIS From Middle East: Iraq
Few Good Men: U.S. Says Iraqi Recruits in Short Supply
NATO To Implement 'Biggest' Military Reinforcement In Europe Since Cold War
Russia Threatens Sweden With Military 'Consequences' If It Joins NATO Alliance, Report Says
Report: Russian Military Developing Anti-Drone 'Microwave Gun'
Chad Burqa Ban: Islamic Face Veils Outlawed In Muslim-Majority State Following Boko Haram Suicide Bombings
Global Peace Index report: 'World is less peaceful today than in 2008'
Japan: New Chinese Islands Don't Settle Sea Disputes
U.S., Japan, Philippines set for naval training exercises
Freedom of navigation in East, South China seas stressed
Saudi Arabia executes 102nd person in 2015
New U.N. report says world's refugee crisis is worse than anyone expected
Refugees and migrants: You ain't seen nothin' yet. -- RF
Hungary proposes 110-mile long barrier along entire Serbian border to keep migrants out
45 U.S. Military Veterans Sign Letter Urging Drone Operators to "Refuse to Fly"
Malaysia Airlines Flight MH17 Crash: Whistleblower Gets $47 Million For Revealing 'Truth'
Cloaked in secrecy: Details of Nicaragua canal project remain hidden

## Global unrest/mob rule/angry people/torches and pitchforks ##
Latin America Less Peaceful In 2015 Due To Rising Instability: Report
Greek government supporters rally in Athens against austerity
China steps up controls in unruly Xinjiang as Ramadan approaches

## Energy/resources ##
Sentiment in the UK oil industry has totally collapsed
Azerbaijan's Oil Boom Is Ending — Now Comes The Bust
Biggest Glut in Recorded Crude-Oil History Taking Shape
Expect A Wave Of Consolidation In The Oil Industry
Small U.S. frackers face extinction amid drilling drought
Low Oil Prices Prompt Statoil To Cut Even More Jobs
Nuclear decommissioning costs become growing issue for Czech Republic
As you can see, people around the world are beginning to see and acknowledge the obvious: There will never be enough money for nuclear plant decommissioning and waste disposal. It's going to be a global disaster. -- RF
Though somewhat different from the gift economy, which I mentioned a short time ago, this is an excellent idea. It can be the basis of mutually supportive communities, which are essential for surviving — and thriving — in the turbulent world opening up before us. -- RF
## Propaganda ##
Explaining the Ukraine Crisis
Spurred on by neocons and liberal war hawks, the Obama administration lurches toward a dangerous escalation of tensions with nuclear-armed Russia, while the American people are again fed a steady diet of propaganda – that is challenged by a new book on the Ukraine crisis.

## Systemic breakdown/collapse/unsustainability ##
Canada's hospitals need $160 billion in replacement funding: report
Canada's hospitals are increasingly in disrepair and will pose an ever-greater threat to quality of care unless they are placed on the same footing as highways, bridges and ports in terms of infrastructure spending, according to a HealthCareCAN study conducted for the National Health Leadership Conference.
Rural Roads in Disrepair
As Congress struggles with the issue of funding the nation's transportation needs, a new report reveals that rural communities in America are the victims of aging infrastructure.
Financial Predators and Parasites Want to Live, Regardless of the Cost
Reform is impossible in a system optimized for centralized power and financial predators and parasites. The predators and parasites will gorge themselves until the system collapses.
An Affirming Flame (The Archdruid Report)

## China ##
China OKs plan for civilian ships to be used by military
The Chinese government has approved a plan requiring civilian shipbuilders to ensure that new ships can be used by the military during an emergency, a state-run newspaper said Thursday.
Slumping Chinese Auto Market Pushes Great Wall Motors To Cut Prices On Popular Haval SUVs

## US ##
America's Electoral Farce (Chris Hedges)
An average of 5 oil, or gas, incidents a week; more than 3 million gallons are spilled in the US every year.

## The Clintons ##
And finally...
Palm Beach County Man Tries to Blow Up Foreclosed Home with Bowling Ball

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