Thursday, July 30, 2015


News Links, July 31, 2015

## Global Ponzi meltdown/House of Cards ##
Global Deflation Alert: Iron Ore Heading For $35 As China Steel Productions Falls
Global Deflation Update——Trouble In Worldwide Steel Towns As Chinese Exports Surge, Profits Plunge
Deutsche Bank CEO: Q2 profits 'nowhere near good enough'
IMF Rejects Greek Bailout Package, Widening European Rift On Greece
Rising global debt is increasing the risk of another financial crisis
Dr. Copper Explains Malinvestment——-Supply Still Rising, Marginal Producer Costs Falling, China Demand Shrinking, Prices Heading Further South
Global financial markets a shell game: Bill Gross
4 Mainstream Media Articles Mocking Gold That Should Make You Think
These articles reek of desperation. -- RF

## Airline death spiral ##
American Airlines' 787 Dreamliner Nightmare

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State recruiting offsets 15,000 killed by airstrikes in past year
This is the fourth time Omar has been reported dead since the 2001 US invasion and occupation of Afghanistan.
Obama's Egypt Policy Breeds Terrorism
President Obama has gotten in line behind the Israeli-Saudi preference in Egypt for the brutal dictatorship of Gen. al-Sisi over the elected (but now deposed) Muslim Brotherhood government of President Morsi, a posture so shocking that even some U.S. neocons object.
US Defense Secretary: Deal Imposes No Limits on US Attacking Iran

## Migrants ##

## Energy/resources ##
Whiting cuts budget less than two weeks after raising it
Whiting Petroleum Corp cut its 2015 budget on Wednesday less than two weeks after raising it, a turnaround that underscores the uncertainty engulfing the energy industry while crude prices sit roughly 50 percent below last year's levels.
UAE petrol prices to rise by 24% from Saturday
Sweltering Iraq declares four-day weekend from Thursday
A searing heat wave forecast to sweep through Iraq prompted the government to declare a four-day holiday starting on Thursday and order regular power cuts at state institutions.
THE price of electricity generated by nuclear power is expected to be higher than that from any other technology except for gas and diesel, two separate and independent analyses have found.
Eventually, most of us will be forced into adopting low-tech lifestyles, so best to start preparing now. This article also makes the obvious — but taboo — observation that renewables will not support economic growth. -- RF

## Environment/health ##
Water in Brazil Olympic venues dangerously contaminated
Athletes competing in next year's Summer Olympics here will be swimming and boating in waters so contaminated with human feces that they risk becoming violently ill and unable to compete in the games, an Associated Press investigation has found.
Just 4 Northern White Rhinos Remain In World After Death Of Nabire In Czech Republic
Sakhalin fishery companies puzzled by absence of salmon
Fishery companies on Russia's Far-Eastern island of Sakhalin are puzzled  by the absence of salmon fishes on approaches to the island's shores.

## Intelligence/security/internet/cyberwar ##
Part of Pentagon email network taken down over suspicious activity
Why Russia Shut Down NED Fronts
The neocon-flagship Washington Post fired a propaganda broadside at President Putin for shutting down the Russian activities of the National Endowment for Democracy, but left out key facts like NED's U.S. government funding, its quasi-CIA role, and its plans for regime change in Moscow.
Listen to WSJ's Bret Stephens Secretly Plot With "Pro-Israel" Evangelical Group Against Iran Deal

## Systemic breakdown/collapse/unsustainability ##
American Exceptionalism: Not the Rule Any More

## Japan ##
As long as it has electricity. -- RF
The West must "get" Vietnam! -- RF

## US ##
Jimmy Carter: The U.S. Is an "Oligarchy With Unlimited Political Bribery"
Former president Jimmy Carter said Tuesday on the nationally-syndicated radio show The Thom Hartmann Program that the United States is now an "oligarchy" in which "unlimited political bribery" has created "a complete subversion of our political system as a payoff to major contributors." Both Democrats and Republicans, Carter said, "look upon this unlimited money as a great benefit to themselves."

## The Clintons ##

Tuesday, July 28, 2015


News Links, July 29, 2015

## Global Ponzi meltdown/House of Cards ##
Deflation Is Winning – Beware!
Deflation is back on the front burner and it's going to destroy all of the careful central planning and related market manipulation of the past 6 years.
Deflation alert: Corn Crashes, Other Commodities Brutalized
Here Comes The Deflation Wave: China's YTD Steel Exports Equal Total Japanese Production, Crushing Prices
The Commodities Pile-Up—–Cheap Money Keeps Producers Pumping
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
German 'Wisemen' Say Euro Zone States Should Be Able To Go Bankrupt
Simmereing Stew; Italy's Finance Minister Joins "United States of Europe" Parade; Germany's "5 Wise Men" Argue for Grexit
When Authorities "Own" the Market, The System Breaks Down: Here's Why
Does "Creative Destruction" Include the State?
When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his/her authority?

## Airline death spiral ##
Air France-KLM to Speed up Cost Cuts

## Fault lines/flashpoints/powder kegs/military/war drums ##
Musk, Wozniak Join Top AI Researchers in Call for Ban on Killer Robots
Qais al-Khazali, leader of Iranian-backed paramilitary group Asaib Ahl al-Haq, said the anti-IS campaign had failed because of an American agenda to redraw the map of the Middle East along new borders.
Ten Indications Iran Wants Business, Not Bombs
When Israel/Neocons Favored Iran
The modern history of U.S.-Israeli-Iranian relations dates back 35 years to a time of political intrigue when Israel's Likud leaders and the Reagan administration's neocons secretly worked to arm Iran's radical regime, an inconvenient truth given today's anti-Iran hysteria.
Army engineers build roads, reassure European allies
Turkish Jets Hit PKK Targets In Iraq After Soldiers Killed: Sources
## Global unrest/mob rule/angry people/torches and pitchforks ##
BLM Protestors Clash With Police, Alleged Use Of Pepper Spray By Police

## Energy/resources ##
Will 'Corner Office Syndrome' Be The Downfall Of Canada's Oilfield Services?
Goodrich Sells Chunk of Eagle Ford: Move Buying Time for Rebound
Houston-based Goodrich Petroleum Corp. is selling its proved reserves and a block of its leasehold in the Eagle Ford Shale to pay down debt and grow cash reserves with a $118 million deal.
Global oil puts $200 billion in projects on ice, $60 billion in oilsands alone
Energy Companies Face "Come-To-Jesus" Point As Bankruptcies Loom
Freeport may cut output at small N. American mines: analysts
Freeport-McMoRan Inc (FCX.N) may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices.

## Environment/health ##

## Intelligence/security/internet/cyberwar ##
Vizio reveals how it secretly tracks what you're watching in IPO plan
Local Governments Increasingly Poking Through Your Garbage

## Propaganda ##
The Unreality of the Iran-Nuke Fight
Israel is throwing the full weight of its U.S. lobby to crush the Iran nuclear agreement, but there are other factors adding momentum to the opposition – partisanship among Republicans and money from Israeli backers to propagandize the American people.
A Crucial Realization About Journalism is Learned by Being its Subject

## Japan ##

## UK ##
Britain to spend £7m on security in Calais after 2,000 migrants storm Eurotunnel
As I've said, the migrant/refugee crisis is only going to get worse. A lot worse. -- RF

## US ##
Durable Orders Slump Deepens—–Core CapEx Now Down 5%

Sunday, July 26, 2015


News Links, July 27, 2015

## Global Ponzi meltdown/House of Cards ##
Greek store closures spike as recession, austerity return
Debt Conundrum To Keep Greek Banks In Months-Long Freeze
Struggling Greek Businesses Choked By Money Controls
Emerging Market Currencies Tumble to Record Low in 'Violent' Selloff
Brazilians have noticed their economy is falling apart
Global Cooling Alert: Emerging Market Currencies Drop to Record Low As China Saps Commodities
Commodity Collapse Isn't Slowing Down Amid Worst Week of 2015
UBS's Puerto Rico Bond Funds Implode, "Collateral Value" Drops to Zero, Investors Screwed
Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here
Dubai underwater hotel plan shelved as investor withdraws
Dubai Stocks Lead Mideast Declines as Oil Slump Clouds Outlook
A few big winners keep U.S. stock market afloat in 2015
Hedge Funds Net-Short Gold First Time in History; Contrarian Views
Global middle class is 'more promise than reality', with 13 per cent of population qualifying, study finds
Dotcom Bubble King, Henry Blodget——-a 30-50% Stock Plunge 'Would Not Be A Surprise'
Now Comes The Spillover——China's Industrial Slump Is Trashing the Junk Debt Of The Miners
Financial Time Bombs Push Gold Eagles Sales To Record High
BRICS Bank, AIIB Pledge Partnership, Loans To Be Issued In Yuan
The 'gig economy' is coming. What will it mean for work?

## Airline death spiral ##
Thai Airways to cut 1,401 jobs, suspend flights to U.S.
Air France-KLM Reports Revenue Growth as Loss Widens
The Story Behind Berlin's $6 Billion Airport Embarrassment
Charlotte Flight to London Forced to Land Early Due to Unruly Passenger
U.S. airlines return to fuel hedging, get burned again
Airline Stocks Sink After American Sees Fare Pressure Into 2016
Dangerous Trend Continues As More Planes Are Hit With Laser Pointers
The hidden cost of airport security
Power outage at LaGuardia Airport causes 3-hour delays
Lufthansa plans overhaul of airfare system
German airline Deutsche Lufthansa AG (LHA.XE) plans an overhaul of its ticketing system that will require passengers to pay extra for checked baggage, seat reservations and flight changes or cancellations, German daily newspaper Sueddeutsche Zeitung reported Saturday.
Study: Airline mergers cut 40% of flights from HIA, 8th most in US
Passenger detained for creating chaos on flight (China)
Top 5 Biggest Complaints About Air Travel (video)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkish Jets Strike ISIS Targets In Syria: State TV
ISIS Makes Three Times as Much from Oil Smuggling as Previously Thought: Officials
Turkey calls for NATO meeting to discuss security threats
U.S. troops to train regular Ukrainian military troops: State Department
The Mother of All Storms Builds Over Catalonia's Independence
Israel Security Establishment Breaks With Bibi on Iran Deal
Affordable housing shortage is key MidEast challenge - expert
Eurotunnel suspends passenger services because of 'migrant activity' in Calais
More delays for Britons heading to France, including truck drivers, as French authorities struggle to control migrants attempting to enter the tunnel
Saudi Airstrikes In Yemen Kill Over 120 Civilians In Southern Taiz Province
Kremlin to Seize Foreign Assets in Response to Frozen Russian Capital
Is Djibouti Becoming the Dubai of Africa?
Kuwait imposes limited control on entry of Saudis
Syria's Assad Admits Prolonged Civil War Has Created Serious Troop Shortage
Northern Cameroon Closes Mosques, Islamic Schools To Prevent More Suicide Bombings
Northern Cameroon temporarily closed its mosques and Islamic schools Sunday in another set of measures intended to increase security after several terror attacks in the region. In addition to the closures, young beggars were ordered to vacate the streets as all recent suicide bombers have been children.
China's New Islands Are Clearly Military, U.S. Pacific Chief Says

## Global unrest/mob rule/angry people/torches and pitchforks ##
From HS2 and fracking to Heathrow's third runway, meet the new face of protest in the UK
French farmers' protests to resume 'within days'

## Energy/resources ##
Weatherford: Future looks grim
Water scarcity is becoming a business problem
China Answers Japan Oil Rig Concern With Joint-Development Offer
Mexico's historic oil auction falls short
Deep-sea mining looms on horizon as UN body issues contracts
The situation is getting desperate. -- RF
China working on world's largest Nuclear power expansion
France set to back reducing reliance on nuclear power
Coal Industry Suffering From Lack Of Demand
Hercules Offshore Expects to Emerge from Bankruptcy in Q4
Scrapping fuel subsidies 'will create savings for Gulf' – Fitch
Canada's Encana Lays Off 200 Employees In July Amid Oil Slump
'New Normal' Environment Requires Closer Look at Cost-Cutting Measures

## Got food? ##
USDA: Half of North Koreans to encounter food shortages by 2025
'Corporate Influence Has Won': House Passes Anti-GMO Labeling Bill
DailyDirt: So You Want To Grow Your Own Food?
Pork prices surge 50% in China in four months
Spaniards grow green fingers in response to crisis (video)
Australian farmers fight huge mine in Liverpool Plans, NSW
Coal and gas mining continue to encroach on some of Australia's best farmland, pitting miners against farmers and creating a deep rift between the parties of the nation's ruling Conservative coalition.
Factory farming is killing the planet: Why the meat industry's future needs to look more like its past
Foodroom Gardening: No Rows, No Woes

## Environment/health ##
On four continents, historic droughts wreak havoc
Cancer Patients Sick With Worry Over High Cost of Drugs
'Apocalyptic' Wragg Fire Races Through Thousands of California Acres
Climate Change Effects Could Cost Investors $4 Trillion In Assets, Report Warns
Cruises on two of Europe's most popular rivers came to a halt this week due to a lack of water
Hospital crisis: delays across the state, patients not admitted, as hospitals struggle with winter surge (Australia)
The state's hospitals have been thrown into crisis by huge emergency department delays leaving ambulances stranded for hours and delaying patient care.
American Diet Still Far From Healthy [sic], Even As Consumers Cut Back On Calories
Study finds traces of cocaine, other illegal drugs in Ontario drinking water
Trouble Brewing: Drought-Hit Hops Crop Concerns Craft Beer Brewers
Toronto homeless shelters at max capacity despite mild summer
Deadly Amoeba found in New Orleans water supply
The potentially deadly amoeba, commonly called the "brain-eating" Amoeba, was found in St.Bernard Parish's water supply for the second time in two years.
Is the Los Angeles Water Supply Being Poisoned?
Energy Drinks Causing Heart Attacks, ER Visits

## Intelligence/security/internet/cyberwar ##
Rights group urges Kuwait to rethink new DNA testing law
A new law requiring all Kuwaiti citizens and residents to provide DNA samples to the authorities violates the right to personal privacy and should be promptly amended, according to an international rights group.
France Passes New Surveillance Law, Allows Metadata Collection To Counter Terror Threat
Web Wars: German Army to Enter Global Cyberwar – German Media
U.S. Treasury's intelligence network vulnerable to hack - audit
Chrysler Recalls 1.4 Million Cars After Remote Hacking of Jeep
New Behind The Scenes Photos Show Vice President Dick Cheney On Sept. 11, 2001
Exclusive: Feds Regularly Monitored Black Lives Matter Since Ferguson
U.K. Police Confirm Ongoing Criminal Probe of Snowden Leak Journalists
French Government Sells Out Citizenry to Coddle Saudi Royals
Obama may release Israeli spy, but there are plenty more
Forget the Ashley Madison or Sony hacks – a crippling cyberattack is imminent in the US
Could school computers be a tool in preventing ISIS from recruiting teens?
A software company is piloting a service that alerts educators when students use phrases on school computers that could indicate radicalization or sympathy with violent extremism.

## Propaganda ##
Israel Clears the Bench in Iran Fight
The War Party's Essential Helpers——–Lapdogs Of The MSM
Smoking Gun: MPAA Emails Reveal Plan To Run Anti-Google Smear Campaign Via Today Show And WSJ

## Systemic breakdown/collapse/unsustainability ##
Fiat Chrysler to recall more than 1.6 million vehicles in US
The Eroding Character of the American People
San Francisco Has America's Worst Roads
The broad problem is so great financially that the chances of reversing the disaster are astronomical.

## Japan ##
Japan Debt Risks Rise to Triple GDP Without Change, IMF Says
Japanese automaker Mitsubishi Motors to end US production
Japanese companies have swallowed up at least one foreign company a day, on average, for the last decade
Nippon Steel's pretax profit seen falling 20% in fiscal 2015

## China ##
China Says Has Every Right To Drill In East China Sea
Caixin China PMI drops sharply, surprising markets
Bubble, Bubble, Toil and Trouble: When Authorities Buy Assets to Prop Up Markets
Beijing Authorities Blame Uber And Didi Kuaidi For Traffic Congestion As Crackdown Ramps Up
Ghost town in Inner Mongolia tries to revive itself
It's Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic

## UK ##
Big switch off of street lights in Wiltshire gets underway
Rail staffing cuts blamed for 'shocking' increase in passengers being attacked on Britain's trains
Condemnation After UK Lifts Ban on Bee-Killing Neonics
Teachers must take over classroom deradicalisation lessons, says top policewoman Sara Thornton
Tube flooding: Severe delays on London Underground as Circle and Hammersmith and City lines flood
UN human rights body criticises police stop-and-search powers in Scotland
'Put homeless in wooden window boxes to solve rough sleeping'
'It's like a ghost town': lights go out as foreign owners desert London homes
Surprise contender to lead UK's Labour: Renationalise swaths of economy
UK Government To Slash Renewables Subsidies
Secret plan to deploy 5,000 soldiers on UK streets in wake of major terror attacks

## US ##
They Never Learn——Pension Funds Now Scooping Up Risky CLOs
Distressed-Debt Market Upended Amid Deepening Commodities Rout
Live Anthrax Shipped To Dozens Of Labs Across US And 7 Other Nations In Past 12 Years: Report
Lafayette Theater Shooting Highlights Recent Spate of Mass Killings
Thirteen Cities Where Single-Family Rents Are Skyrocketing
Anthem to buy Cigna, creating biggest U.S. health insurer
Attention America's Suburbs: You Have Just Been Annexed
1,500 to be laid off from Newport News Shipbuilding
After Louisiana Shooting, High Cost Of More Security Vexes Movie Theaters
Thanks Fed, For Helping The Average Guy——Inside The New Home Sales Bust
More 2016 Candidates Embrace the Donald Trump Zeitgeist ... Including Hillary Clinton
Fed Staff Accidentally Posts Bearish Economic Forecast and Prediction Inflation Would Not Hit 2% by 2020; Upset Over Leaks? Why?
In Key Decision, Junk-Rated Chicago's Pension Reform Bid Ruled Unconstitutional
Credit card debt makes up for lack of income growth
Credit card debt outstanding back up to $900 billion. Since 1980 household income up 300% while credit card debt up 1,760%.
Six Alaska Megaprojects Lurch Forward After Stall Imposed By State's Budget Crisis Amid Low Oil Prices
State health insurance markets struggle with cost challenges
Friends in high places: Obama and the American oligarchy

And finally...
Mystery pooper targeting holes of Norwegian golf course
Bar Officially Cannot Be Lowered

Thursday, July 23, 2015


News Links, July 24, 2015

## Global Ponzi meltdown/House of Cards ##
World Trade Drops Most Since Financial Crisis
Q1 2015 Eurozone Government Debt-To-GDP Notches Another New High At 92.9%
Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
Brazil Cuts Budget Goal as Shrinking Economy Erodes Revenue
Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?
Greece Approves Crucial Second Set Of Bailout Reforms
Central Banks Have Shot Their Wad——-Why The Casino Is In For A Rude Awakening, Part I
What Do Greece and Louisiana Have in Common? The War on Cash
Russians Buy Gold In June – Another 25 Tonnes
Microsoft posts record loss as it writes down Nokia
Gold drop to trigger buying frenzy in UAE
Gold Smash Leads to Surge in Demand For Coins, Bars Around World
Banks see second quarter revenue dip from commodities
Giant Global Miner BHP Slashing Production As Commodity Rout Takes Its Toll
China Aftershocks Ripple Through Earnings From Audi To Iron Ore
This Measure of Copper Is Another Bad Omen for the Commodities Meltdown
Qualcomm to cut 15 percent of workforce
MERS Outbreak Hits South Korea Economy, GDP Growth At 6-Year Low
Swooning Steel, Deteriorating Sentiment & Shrinking Productivity Growth
Dr. Copper Going Down For The Count——–Even Goldman Says So
"No Longer Confined To The Lunatic Fringe": SocGen Admits Markets Are Completely Manipulated

## Airline death spiral ##
The U.S. cities that have lost the most flights
Communities from Milwaukee and Cleveland in the Midwest to Memphis, Tenn., and Newport News, Va., in the South complain they no longer have enough air service.
GOP bill would cap airline bag fees at $4.50
Airlines carve US into markets dominated by 1 or 2 carriers
Man restrained with seltbelts and tape on Siberia Airlines flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ankara 'agrees to let US launch air strikes' against Islamic State from Turkey
Saudi Arabia considers its own nuclear options after Iran deal
Russian Media Says Ukraine Is Expanding Its Military
According to the DPR ministry, the new mobilization plan will increase the strength of the Ukrainian army by recruiting more troops. The conscription age will be brought down to 16.
Philippines' Terror-Inducing 'War on Terror'
A largely forgotten front in George W. Bush's "global war on terror" has been the Philippines where military campaigns to crush various rebel groups and political activists have led to charges of extrajudicial killings, torture and other war crimes.

## Global unrest/mob rule/angry people/torches and pitchforks ##
France promises emergency aid to farmers
Weatherford Raises Layoffs Target to 11,000
Responding to continued weakness in the North American oilfield services market, Weatherford International said Thursday it would revise the number of planned layoffs to 11,000.
Oil Rigs Left Idling Turn Caribbean Into Expensive Parking Lot
The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It's either that or send your precious rig to a scrapyard.

## Infrastructure scavenging ##
Vandals steal telephone cables

## Intelligence/security/internet/cyberwar ##
U.S. decides against publicly blaming China for data hack
Obama Should Release MH-17 Intel (Veteran Intelligence Professionals for Sanity)
Former Pentagon Intel Chief Says Military's Clandestine Service Is Growing

## Propaganda ##
NYT Enforces Ukraine 'Group Think'
Determined to enforce the "group think" on Ukraine, the editors of The New York Times lashed out at Russia for urging an expanded inquiry into last year's MH-17 shoot-down. But the Times won't join calls for the U.S. government to release its intelligence on the tragedy.

## UK ##
Generation rent: the housing ladder starts to collapse for the under-40s

## US ##
Huge Downward Revision Of Industrial Production Index Threatens The Recovery Narrative
Here's where all the presidential candidates get their campaign money
Tuition is up 300 percent from 1990 and total outstanding student debt has grown by over 1 trillion dollars since 2000.

## The Clintons ##

And finally...
Summer is so bad here that cops arrest weathermen

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