Thursday, June 04, 2015


News Links, June 5, 2015

## Global Ponzi meltdown/House of Cards ##
South Africa's private sector growth slows to a crawl in May: PMI
The expansion in South Africa's private sector slowed to a crawl in May as power supply shortages and weak export demand weighed on output, a survey.
With jobless rate above 50%, disillusioned Greek youths becoming a 'lost generation'
Athens to Delay IMF Repayment; Greece Close to Approving Extended Servitude; Will Tsipras Survive?
Greece Unable To Make €300 Million IMF Payment, Requests "Bundling"
OECD Cuts Global Growth Forecast, Says Recovery Taking Hold
Bond Market Rout Spirals out of ECB's Control
Bond Rout Wipes Out 2015 Gains as Traders Stay Glued to Screens
More Keynesian Claptrap From The IMF——High Public Debt Doesn't Matter
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada's Housing Bubble Is Immortal. Hilarity Ensues
Investors Start To Panic As A Global Bond Market Crash Begins
Asian Financial Sector Hit Hard By Low Oil Prices
System D: The Burgeoning Economy of the Plain-Sight Pirate Bazaars
'Absolutely appalling': banks resisting interest rate fixing investigations, says ASIC (Australia)
Amazon's robotic fleet will send its stock 'meaningfully higher'
HSBC to pay $43 million Geneva money laundering settlement

## War on Cash ##
The "Better Than Cash Alliance" Has an Orwellian Plan

## Airline Death Spiral ##
Airport Chaos as Hundreds of Flight Delays and Cancellations in Shanghai the "Worst Ever"
Summer air travel takes off amid threats; US airport security reforms ordered
Reform all you like. Terrorist threats aside, the whole security apparatus itself is a huge drag on the industry and will help clip its wings. -- RF
Japan, UAE request U.S. military equipment
The U.S. Defense Security Cooperation Agency reports possible sales of early warning aircraft to Japan and bombs to the United Arab Emirates.
Recall when we were told that the "war on terror" would not end in our lifetimes. -- RF

## Global unrest/mob rule/angry people/torches and pitchforks ##
Cartoons Mocking "Goldman Rats" and Hillary Clinton Appear All Over NYC

## Infrastructure scavenging ##
Copper theft on the rise across U.S.

## Environment/health ##

Highly sensitive details of the negotiations over the little-known Trades in Services Agreement (TiSA) published by WikiLeaks reveals Australia is pushing for extensive international financial deregulation while other proposals could see Australians' personal and financial data freely transferred overseas.
Massive breach of federal personnel data
Hackers broke into the computer networks of the U.S. government personnel office and stole identifying information of at least 4 million federal workers, officials said Thursday.

## Propaganda ##
PBS Gets in Line on Syrian War
PBS's "Frontline" has long sought to position itself within the elite conventional wisdom – following the lead of liberal interventionists at the New Yorker and the New York Times – while also careful not to provoke the wrath of powerful politicians. So it marched in lockstep on Syria.
NYT's New Propaganda on Syria
The New York Times' new conspiracy theory about Syria is that the Assad regime is in cahoots with the Islamic State, calling those two bitter foes only "nominal enemies" and using this new story to implicitly push for another U.S.-imposed "regime change."
Sleepwalking to Another Mideast Disaster
Denied crucial information about Syria, the American people are being led toward the precipice of another Middle East war, guided by neocons and liberal hawks who are set on "regime change" even if that means a likely victory for Sunni terrorists.

## Systemic breakdown/collapse/unsustainability ##
Being Healthy Is Unprofitable
U.S. healthcare is unsustainable. That it will break in the next decade is predictable.
Systemic Corruption Has Destroyed America
New National Stadium project may cost ¥250 bil.
The construction cost of a new National Stadium in Shinjuku Ward, Tokyo, the main venue of the 2020 Tokyo Olympic and Paralympic Games, may balloon to as much as about ¥250 billion, The Yomiuri Shimbun has learned.

And finally...
Florida man dances on police vehicle to ward off vampires

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