Friday, June 26, 2015


News Links, June 27, 2015

## Global Ponzi meltdown/House of Cards ##
Greece Invokes Nuclear Option: Tsipras Calls For Referendum
Marine Le Pen: Just Call Me Madame Frexit
Puerto Rico Approaches A New Fiscal Year With Mounting Debt, Rising Taxes, Fewer Public Services
The Liquidity Crisis Intensifies: 'Prepare For A Bear Market In Bonds'
Canada's Oil Patch Goes Into Convulsions
There's Something Wrong With Growth All Around The Planet—It's The Serial Bubble Age Since 1995
General Mills to cut jobs under new restructuring plan
General Mills Inc (GIS.N), the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth.
Three obvious lessons from Indonesia's financial crisis
The Five Horsemen (and One Horsewoman) of Europe's Monetary Apocalypse
Major Shift In Asian Commodity Demand Already Underway
Australia Post slashing jobs in cost-cutting drive
China stocks plummet as investors stampede out of the market

## Airline Death Spiral ##
Police search Ryanair jet in Poland after hoax bomb call
Anti-Uber protest in Paris blocks road to airports
Airline Pilots: Low Pay Drives Disputed Pilot Shortage
Low pay, high academic debt and quality of life issues dissuade people from pursuing a career as an airline pilot, speakers said June 25 during a day-long conference organized by the Air Line Pilots Association (ALPA). Those factors contribute to a pilot shortage, although the extent of the shortage is disputed.
Airlines could ban drunk passengers from flying for life in crackdown on 'disruptive' travellers
New Chicago aviation chief warns O'Hare falling behind
O'Hare International Airport is falling behind other global hubs as it grapples with flight delays, gate shortages and a largely humdrum terminal experience for passengers, Chicago's new aviation chief warned business leaders Thursday.
Can Kenya Airways And South African Airways Recover?
China's aviation boom drives airport building frenzy
Skeptics warn about white elephant projects such as the barely used $6 million airport in Dachangshan island off China's northeast coast. Many existing airports are also in losses due to huge upfront investments.
Budget carriers propose charging for check-in baggage
Frontier Airlines officially departs Delaware

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey accused of allowing Islamic State fighters to cross its border in Kobane attack
Islamic State militants attack 2 cities in northern Syria
Triple Attack On Three Continents May Signal ISIS Ramadan Strategy
Saudi Airstrikes, Fighting Kill Nearly 100 in Yemen
Turkey's Troubling War on Syria
In Syria, the war to overthrow the secular government in Damascus has attracted Islamic militants from around the world, but they have relied on funding and support from Saudi Arabia, Qatar and – perhaps most importantly – Turkey, where an election reflected growing popular resistance to this war policy.
Why Putin's ICBM Announcement Does Not Signal a New Nuclear Arms Race
The Russian President's announcement was entirely line with previous expectations, and won't add any new capabilities to Moscow's arsenal.
Italy rebukes EU leaders as 'time wasters' on migrants plan
EU migration meeting turns into fracas
US drone pilot stress is unprecedented
A Missouri senator is pressing her concerns over combat stress among drone pilots, yet another sign of the troubles plaguing the Air Force's burgeoning warfare program.
Japan, China to agree on procedures for unexpected military encounters
Terror alerts high in Europe after decapitated body left at scene of attack in France
Vatican signs first treaty with 'the State of Palestine'
Neocons Urge Embrace of Al Qaeda
The latest neocon gambit is to build support for "regime change" in Syria by downplaying the evils of Al Qaeda, rebranding it as some sort of "moderate" terrorist force whose Syrian affiliate is acceptable to Israel and supported by Saudi Arabia. But this audacious argument ignores reality.
Filipino officials: Despite statements, China island-building in full swing

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armenia's 'Electric Yerevan' protests enter seventh day
Irate French taxi drivers smash cars in strike against Uber
Hundreds of Hawaiian Protesters Stall Construction of Massive Telescope
Eritrean protesters demand asylum in Israel

## Energy/resources ##
Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India
Nuclear Power: Big Money in Shutting Down
The Growing Sino-Latin Energy Relationship
Huge Increase In Quakes A Game-Changer For Oklahoma Oil & Gas
Russia's top natural gas producer Gazprom may build gas storage facilities in China: RIA
Rigzone 2Q Survey Reveals Oil, Gas Companies Reluctant to Hire
Saudi Aramco's expansion projects feed growing domestic demand
TransCanada Blames Low Energy Prices For Latest Job Cuts
This Week In Energy: Oil Prices Under Pressure From All Sides
Gazprom building global alliance with expanded Shell
Survey: Oil Prices Expected to Go Lower for Longer
Rosneft First-Quarter Profit Falls 35% After Oil Prices Drop

## Got food? ##
As California gives more room to chickens, egg production drops 16%
GM wheat crop fails to repel bugs, £3m trial branded 'a waste'

## Environment/health ##
Study: MRI contrast agents leave heavy metal deposits in brain
Heavy Rains In India: 70 Dead in Gujarat, Flood Alert In Jammu And Kashmir
South Korea MERS Outbreak: Health Ministry Confirms Two More Deaths
Giant Toxic Algae Bloom Poses Threat to Humans and Wildlife on US West Coast
Pakistan heat wave eases after more than 1,150 die
Are Cancer Drugs Becoming Too Costly for Their Effectiveness?

## Intelligence/security/internet/cyberwar ##
Does alleged NSA hack of Kaspersky signal new front in cyberwar?
Newly released documents reveal a systematic campaign to reverse-engineer anti-virus software produced by firms like Russia's Kaspersky Labs, allowing intelligence agencies to uncover vulnerabilities that could help subvert them.
US embassy in Paris is 'home to secret spy nest'
Christie's Conspiracy: The Real Story Behind the Fort Dix Five Terror Plot
Turns Out the US Launched Its Zero-Day Policy in Feb 2010
Japan Justice Ministry takes PCs offline due to suspected virus attack
The Justice Ministry said Thursday it has shut off its internal computer network's Internet connection after discovering a suspected virus infection in one of the terminals.

## Propaganda ##
There Must Not Be Peak Oil (the logic of wishful thinking)
War on Whistleblowers, After Obama
The war on whistleblowers has injected fear of prosecution into all honest communications between national security officials and reporters, meaning that the public instead gets a steady diet of U.S. government lies, propaganda and self-serving rhetoric.
Selective Outrage on 'Terrorism'
America's view of "terrorism" is distorted by politics and bias, with intense hostility toward the Islamic variety but with much more tolerance of other forms, such as Cuban "anti-communist" violence and right-wing extremist murders, as underscored by a new study.

## Systemic breakdown/collapse/unsustainability ##
Collapse, Part 4: Loss of Faith in Public Institutions
Public institutions are now devoted to serving their own vested interests or the interests of private financial Elites. Though we may think of collapse in terms of ATMs not working and rampaging mobs, collapse actually starts with the intangible loss of faith in public institutions: elected officials, law enforcement, the justice system and the agencies of financial regulation (anti-trust, etc.).
Collapse, Part 5: Things Fall Apart
It is impossible to wean an economy that relies on debt and leverage for its "growth" of excessive debt and leverage.
Suicide Rates In Greece For Working-Age Men Spike As Economy Crumbles
Subaru recalls 72,000 vehicles in U.S. for possible auto brake failure
Are We on the Verge of a Nuclear Breakdown?
Climate Change Impacts Could Collapse Civilization By 2040, States UK Govt Report
Study: Democracy Declining in More Than Half of U.N. Member States
The Delusion of Control

## Japan ##
Media fire back at LDP for targeting revenue of newspapers critical of security bills
Recent calls from the younger ranks of Prime Minister Shinzo Abe's Liberal Democratic Party to "punish" media critical of the government's contentious national security bills have sparked an industry outcry, providing ammunition to the opposition and even raising the eyebrows of veteran ruling party lawmakers.
Japan's Economy to Grind to a Halt in 2nd Quarter, JPMorgan Says
Girl singing group's anti-LDP lyrics cause city to pull support of event
The city said it will issue an after-the-fact retraction of its support of a local event where idol group Seifuku Kojo Iinkai (Uniform improvement committee) sang, "Let's topple the LDP government" and "the LDP, the root of all evil."
Japan's New Surveillance Jet Expands Scope for Patrols
Video: Japan Open to Joining U.S. in South China Sea Patrols
Japan's military would consider joining U.S. forces in regular patrols in the South China Sea, the country's top uniformed officer said in an interview with The Wall Street Journal, expressing concerns about China's military build-up.
Shareholders reject zero N-power proposals
Record number of workers suffer job-related mental illnesses

## China ##
China is gearing up to let its banks borrow as much as they want
Like many other big cities around the world, Beijing will eventually turn into a no-man's land. -- RF
Shanghai composite and Shenzhen composite down 7.4 and 7.9 percent respectively in one day.

## UK ##
Official Child Poverty Levels Expected To Rise
Trouble ahead for UK's nuclear hopes
The next generation of reactors in the U.K. has been in the works for a decade, but now a looming challenge in the European Court of Justice attacking nuclear subsidies, growing technical problems and cost overruns are casting doubt on the idea of using nuclear to meet emissions reduction targets.
Wrench appears in British shale gears
The dark side of America's reluctant part-time workers
Nearly half of the 26.5 million Americans (46%) who work part-time are desperate to work full-time, according to a new report — "A Tale of Two Workforces: The Benefits and Burdens of Working Part Time" — by Rutgers University.

## The Clintons ##

<< Home

This page is powered by Blogger. Isn't yours?