Wednesday, June 24, 2015


News Links, June 25, 2015

## Global Ponzi meltdown/House of Cards ##
Global Cooling Alert: Industrial Metals Index At Six-Year Low, Key Support Level Threatened
Nigeria: President Buhari says treasury 'virtually empty'
70% of Greek mortgages aren't being paid because the economy is so bad
Facing "Full Blown Crisis", Bank Of Greece Enlists Security Firm To Ensure ATMs Stay Stocked
Germany Rejects Greek Offer; Syriza Mutiny Over Concessions
Bankrupt Governments and Negative Interest Rates
French Unemployment Hits Record High: 80th Consecutive Month Of Rising Joblessness
China, Japan Factories Slow To Respond To Stimulus
The World's Biggest Economies Are About to Feel the Impact of China's Slowdown
"Sentence First, Verdict Afterwards": The Alice in Wonderland World of Fast-tracked Secret Trade Agreements
Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And 'Are Likely To Cause Big Trouble'
Bubble Alert: How A 29-Year-Old Grew A $1 billion Tech ETF In 7 Months That Trades At 660X Earnings
Is China's current situation like the bursting of the Japanese bubble in the 1980s?
The crucial difference — not touched on this this article — is that we are now on the cusp of global collapse. -- RF
Uncertain future for global diamond trade as profits vanish
Ford Motor Corp is testing car-sharing program that allows owners to rent their vehicles
Signs Swedish QE Backfiring as Liquidity Evaporates
France, Saudi Arabia Announce $12B in Deals
A Hole In The Dry Bulk Hull
Bulkcarrier earnings in 1H 2015 are on course to hit the lowest half-yearly level so far this century, due to limited trade growth and chronic oversupply in the fleet.

## Airline Death Spiral ##
Air rage passenger forced jet to land at Belfast International after demanding nuts and crackers, court hears
Airline passenger 'so drunk he didn't know what country he was in' jailed for sexual assault on cabin crew
3 unruly passengers removed from flight at Logan Airport
All Airlines Have the Security Hole That Grounded Polish Planes
Look Who's Trying to Squash Fears that the Bad Old Times Are Back for US Airlines
Gov't considers introducing body scanners at airports across Japan
Southeast Asia braces for MERS, boosts screening at airports
MERS outbreak forces S. Korean carriers to cancel 230 flights to Japan
Allegiant's Own Pilots Say Airline Cuts Corners
Allegiant Airlines finds itself at a crossroads after its own pilots accused the Las Vegas-based carrier of cutting corners on maintenance and operations.
Airlines report shocking rise in drunken and disruptive passenger behaviour

## Fault lines/flashpoints/powder kegs/military/war drums ##
Taliban has major Afghan city within its grasp for 1st time since 2001
U.S. to pre-position tanks, artillery in Baltics, eastern Europe
The War Party's Foolish Confrontation With Russia Is Heading Into A Dangerous Dead End
War 'Inevitable' Between US, China: Russian, Chinese Media
Chinese and Russian media have started suggesting the possibility of a China-U.S. war. While the national news agency in China calls it "inevitable," a Russian news agency listed a number of indications that it said "proved' the two nations were heading toward a military conflict.
NATO Poised to Announce Return to Iraq for 'Training Mission'
Russia And China To Send Dozens Of Ships To Joint Naval Exercises In Sea Of Japan In August
Russia May Ban Chocolates From Belgium And France, Produce Their Own As Part Of Countersanctions Effort
EU to use drones, submarines in operation against migrant smugglers
Islamic State mints its own 'Islamic Dinar' coins
Russian Militants 'Pledge Allegiance' To ISIS Forces
US military to develop Star Wars-style hoverbikes with British company
America's drone policy is all exceptions and no rules
Travel chaos as Channel tunnel shuts amid French ferry workers strike
NATO Defense Spending Continues To Decline in Real Terms
China aims to challenge U.S. dominance in air and space
Spanish Legion and AFRICOM combine training
Japan MSDF surveillance plane patrols South China Sea in joint exercise with Philippines
Japan, Philippines make second flight near disputed waters
International Opinion Increasingly Favorable To China: Survey
Despite growing international concern about Chinese-backed computer hacking and the South China Sea territory disputes with several neighbors, a new survey has revealed that China is being seen in an increasingly favorable light by people around the world. Findings from the Pew Research Center show that China is closing in on the U.S. in global favorability.
Iran would get nuclear help in proposed deal
EU summit 'to close the windows' to immigrants
Your Pension: "Perfect for Situations Where Maximum Blast and Explosion Is Required"
Hungary speeds up fence process

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armenian protesters block road for 3rd day over energy hikes
Drone protesters vow to close down Staffordshire factory
Calais crisis: French unions warn of 'long hot summer'

## Energy/resources ##
Few positive signs for steel and iron ore at mid-year point
Petrobras May Be Selling But Is Anyone Buying?
Gazprom's new pipeline inching forward
Russia can't give Kiev same gas discount as before-Putin
Home efficiency upgrades fall short, don't pay: Study
Home efficiency measures such as installing new windows or replacing insulation deliver such a small fraction of their promised energy savings that they may not save any money over the long run, according to the surprising conclusion of a University of Chicago study.
Power shortage stymies Congo's mining sector
What it's like to use an off-grid solar-and-battery system in your home
Asia's oil consumption at record high while production peaked in 2010
BP Data Suggests We Are Reaching Peak Energy Demand
China's coal imports from Australia down 37.6 percent

## Infrastructure scavenging ##
Thieves Target Copper Wire In Street Lights
Metal thieves target Little League ballpark, steal bleachers
Stone thieves are dismantling Yorkshire's heritage
Homes, schools, farms and places of worship have been victims of thieves snatching building materials. Roof tiles, topping stones on dry stone walls, York stone path slabs and many other types of stone are being systematically stolen. Some are clearly being sold on. Others are being used by rogue builders so that they do not have the expense of sourcing their own materials.

## Got food? ##
Lamb Genetically Modified with Jellyfish Sold as Meat by Paris Butcher
Foodmageddon could be just 3 steps away
Three weather-related catastrophes could be all it takes to throw the world's food supply into chaos, according to a study by Britain's Anglia Ruskin University, commissioned by insurance giant Lloyd's of London.
Ag giants look to plant a seed to fight the drought
Bug burger anyone? Insect-based grub could hit Swiss groceries next year
India signs biggest wheat import deals in over a decade -trade sources
Why Do Americans Waste 40 Percent Of Their Food, And What Can We Do About It?

## Environment/health ##
South Korean hospitals suspend services as MERS outbreak spreads
Two major hospitals in South Korea's capital suspended services to patients on Wednesday in a bid to stop the spread of Middle East respiratory syndrome after four new cases of the deadly virus were reported.
New Ebola cases frustrate hopes of defeating the virus in Sierra Leone
Blistering Pakistan heat wave leaves nearly 2,000 dead over last two weeks
Emergency Measures Imposed in Pakistan as Heat Wave Death Toll Approaches 700
Climate change health risk is a 'medical emergency', experts warn
The threat to human health from climate change is so great that it could undermine the last 50 years of gains in development and global health, experts warned on Tuesday.
Chile's largest city temporarily shut down due to smog 'emergency'
Measures relaxed on Monday night after cars were ordered off streets of Santiago, businesses shut and 7 million residents told to stay indoors
WHO Says Widely-Used Dow Herbicide 'Possibly Carcinogenic' to Humans
20 Minutes Of Yoga A Day Can Make People Smarter, Improve Brain Function
Dutch government cuts Groningen gas field production
The Dutch government has ordered a further tightening of gas production at Groningen, Europe's largest gas field, in response to a spate of earthquakes that have caused extensive property damage in the Netherlands' northernmost province.
Studies confirm earthquakes in the midwestern US are caused by the fracking boom
Invasive New Guinea flatworm shows up in Florida
Severe geomagnetic storm hits Earth; auroras, power problems possible
African vultures are nearing extinction due to elephant ivory poachers
Clean energy will dominate in 25 years, but we're still screwed

## Intelligence/security/internet/cyberwar ##
WikiLeaks: U.S. wiretapped French presidents
Privacy group asks FTC to investigate Uber
A privacy rights group filed complaint on Monday against Uber at the Federal Trade Commission over the ride-hailing service's new policy that gives it the right to track users even if they're not currently using the Uber app.
Google Accused of "Abusive" Conduct in Privacy App Case
Google Listening Software Installed on Computers Without Consent
What Have We Learned From WikiLeaks' Saudi Arabia Documents?
So far, a massive WikiLeaks release of tens of thousands of confidential and top secret Saudi Arabian government documents has shown the country's royalty racking up huge unpaid bills, government officials discussing how to undermine Iran and a strong dislike of Israel.
Pentagon Rushing to Open Space-War Center To Counter China, Russia
NSA Chief: Don't Assume China Hacked OPM
Attribution, which came so quickly when North Korea hacked Sony, is proving trickier when China stands accused.
Israel Confirms It Was Cyber Attack Target
If You Can't Beat 'Em: France, Up In Arms Over NSA Spying, Passes New Surveillance Law

## Propaganda ##
NYT's Orwellian View of Ukraine
In the up-is-down Orwellian world that is now The New York Times' editorial page, there was no coup in Ukraine in 2014, no U.S.-driven "regime change," no provocation on Russia's border, just Moscow's aggression — a sign of how propaganda has taken over mainstream U.S. media.
Saudi cables suggest money links with media
Pro-War Lobby Spending Millions In Last-Ditch Effort to Sabotage Iran Deal
The Neocon Pivot—–Embracing The Heirs Of Bin-Laden To Fight The Ghost Of Khomeini
The Nitwits Are in Charge
Pundit Thomas Friedman laments that the new Cold War isn't funny enough for him, but there really isn't anything funny about the U.S. plunging into an unnecessary nuclear showdown with Russia over Ukraine while Friedman and his fellow VIPs misreport what's happening.

## Systemic breakdown/collapse/unsustainability ##
Collapse, Part 2: The Nine Dynamics of Decay
Collapse Part 3: No Institutional Path to Contraction
One poorly understood source of collapse is the lack of pathways to contraction and a reduction of complexity/cost. The only pathway that is clearly marked is the one to expansion--of production, debt, credit, government, income, benefits, costs and complexity: more agencies, more regulations, more committees, more staff, more of everything.
Climate pressures threaten political stability - security experts
Politically fragile countries face breakdown as a result of mounting climate change pressures, and even stable ones may find coming shocks too big to manage peacefully, security and development experts warned.

## Japan ##
Mitsubishi boasts tech leap with armored amphibious vehicle, eyes exports
Naval drill in South China Sea may lead to larger role for Japan
National stadium cost soars to ¥252 billion
770,000 tons of solar panels to end up in garbage in 2040
About 770,000 tons worth of solar panels will end up in the garbage in Japan in fiscal 2040 after the end of their useful life, according to an Environment Ministry estimate.
And few if any will be replaced. -- RF
No romance to show for Y6 bil in gov't outlays
Bubble: Foreign money supports high-flying Japanese stocks

## China ##
China's Auto Exports Plunge, at Worst Possible Time
China's Manhattan Project Draws Plan to Defuse Time Bomb of Debt
China stock rally comes to sudden halt as Shenzhen Exchange falls almost 13%
Confusion Reigns At PBoC As Multi-Trillion Yuan Bailout Threatens To Undermine Rate Cuts
Smuggled Frozen Meat Worth Almost Half A Billion Dollars Seized In China – Some Of It 40 Years Old
China's Local Debt Threat: Beijing's Plan Amounts to a Bailout

## UK ##
Charities warn UK faces 'homelessness crisis' as number of people in temporary housing soars
Britain's Queen May Have to Leave Buckingham Palace During Repairs
GCHQ documents raise fresh questions over UK complicity in US drone strikes

## US ##
15-Years Of Bubble Finance—–Real Per Capita Durable Goods Down 36.5%
Three In 10 Americans Lack Emergency Savings, Poll Finds
70 million Americans teetering on edge of financial ruin
Wall Street Journal Prints Housing Data Whoppers As The Housing Industry PR Firm It Is
Obama's "Jobs Czar," Jeff Immelt of GE, Threatens to Outsource Jobs if Export-Import Bank Expires
Disabled Middle Aged Woman Living Well Below Poverty Line is Ordered by Judge to Pay $37,400 in Student Loans
Ban Backlash: Confederate Flag Backers Ready to Rebel
Developers Battle Construction Labor Shortage
Escape Velocity Still Escaping——Durable Goods Orders And Shipments Down Y/Y
Durable Goods Orders Plunge in May, Huge Downward Revisions in April
White Americans are the biggest terror threat in the United States
Lake Mead sinks to record low, risking water shortage
Jeb Bush's Deep Love Affair with Lobbyists and Cronyism While Governor of Florida Exposed
New Pentagon manual declares journalists can be enemy combatants
These 22 States Will See Their Workforce Shrink Over the Next 15 Years
Obamatrade Passes, The Corporations Win Again... And Now They Gloat

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