Sunday, July 19, 2015


News Links, July 20, 2015

## Global Ponzi meltdown/House of Cards ##
Is Greek Bailout Deal Viable? IMF President Christine Lagarde Gives Unequivocal 'No'
Majority Of Germans Oppose New Greek Bailout Deal, Many Prefer 'Grexit': Poll
Commodity Meltdown Deepens as Expanding Gluts Drag Down Shares
June 2015 Sea Container Counts Slump and Still Indicate Weak Economic Conditions
Next Up On Europe's Default Block——-Why Portugal's Debts Are Unsustainable
Europe's troubles go way beyond Greece: Next up, Italy
Europe Is One Recession Away From An Implosion
All Hail Our Banking Overlords! We work for them, plain and simple
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
Middle East, Africa hotel construction up 44.3% in June
GM's Opel to cut output at two German plants over Russia
Slovenia passes law to enable debt write-offs for poorest
Gold settles at a more than five-year low
MERS subsides in South Korea, but economy still reeling

## Airline death spiral ##
This Spanish Ghost Airport Sold for Less Than $11,000
Lasers Strike Commercial Planes Near Newark and LaGuardia
U.S. aviation authorities are investigating 11 incidents of lasers being pointed at the cockpits of commercial aircraft over New Jersey Wednesday night, including flights headed for two of New York's busiest airports.
Boeing warns airlines against flying battery shipments
The Making of United's Summer From Airline Hell
It's getting harder for budget travelers to earn miles
Airline consolidation has created airport monopolies, increased fares
NYC's Kennedy airport building luxury animal terminal, complete with flat-screen TVs for dogs

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Kills Over 30 'Militants' in Somalia Drone Strike
White House: Iran Sanctions Would Collapse if Congress Blocks Iran Deal
Addressing the possibility of Congress blocking the Iran nuclear deal with the P5+1, White House press secretary Josh Earnest warned that such a move would isolate the United States internationally, and would render US sanctions against Iran, many of which are supposed to be lifted by the deal, effectively unenforceable.

## Global unrest/mob rule/angry people/torches and pitchforks ##
'Reclaim Australia' Rally Draws Anti-Racism Protestors In Sydney, Violence In Melbourne
Gulf oil wells lingering with temporary seals
Five years after the Obama administration promised to move swiftly to permanently plug unused oil and gas wells in the Gulf of Mexico, even more shafts are lingering for longer periods with only temporary sealing, an investigation by The Associated Press shows.

## Got food? ##
Dry spell wilts Indian crops, stokes food inflation concerns
Stressed Italian cows get air-conditioned sheds to combat heatwave
Italian farmers are installing showers and air conditioning in cowsheds and pigsties to allow the animals to freshen up in the baking summer heat, an agriculture group said on Thursday.

## Environment/health ##
MH-17 Mystery: A New Tonkin Gulf Case?
In 1964, the Tonkin Gulf incident was used to justify the Vietnam War although U.S. intelligence quickly knew the facts were not what the U.S. government claimed. Now, the MH-17 case is being exploited to justify a new Cold War as U.S. intelligence again is silent about what it knows.
Making Excuses for Saudi Misbehavior
Saudi-Israeli apologists are doing back flips to justify why the U.S. interest in having peaceful relations with Iran should take a back seat to sectarian and regional desires of Riyadh and Tel Aviv, including that peace with Iran will cause the Saudis to misbehave even more.

## Systemic breakdown/collapse/unsustainability ##
Greece Is Now A Full-Blown Humanitarian Crisis - In 9 Charts
And the roads will get a lot worse. How will self-driving cars cope? -- RF
Gist: The Ministry of Economy, Trade and Industry revealed that, due to the declining number of housing starts and shrinking investment in infrastructure, it will urge the electric arc furnace steel industry to consolidate.
This will never be implemented on the scale they envision. The problem arises from the mistaken belief that hydrogen is an energy source, while in fact it's nothing but a battery. -- RF

## US ##
The vast majority of other Millennials are mired in debt and unable to purchase homes.
## The Clintons ##

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