Thursday, July 02, 2015


News Links, July 3, 2015

## Global Ponzi meltdown/House of Cards ##
The Bill: Germany Faces Billions in Losses If Greece Goes Bust
The Latest: Moody's downgrades Greece to Caa3
Greek Debt Crisis: Finance Minister Threatens Resignation If Voters Accept Bailout Terms
Greece's Largest Industry Suddenly Takes a Terrible Hit
IMF says Greece needs extra €60bn in funds and debt relief
Behind the Greek Crisis
The usual narrative of the Greek economic tragedy is that the country is paying for its past profligacy, but there is deeper back story of political repression fueled by major powers intervening in Greece and contributing to a dysfunctional political system.
Chinese State Official Hints Beijing May Bailout Greece
How Greece Has Fallen Victim To "Economic Hit Men"
Spain is trying to avoid being Europe's next debt bomb
The Black Swan Circling Puerto Rico——Its Bond Insurers Are Stuffed With Toxic Derivatives
Global Debt Time Bomb Ticks – Puerto Rico Is Next
Greece: not the bad apple of the bunch
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
World's largest ferris wheel takes shape in Dubai
Iran takes possession of 13 ton hoard of gold
Monster Spike In Western Precious Metals Demand

## Airline Death Spiral ##
United Airlines jet powered by farm waste, animal fats will be long-awaited milestone for biofuels
What Is Airplane Smell?
US probing possible airline collusion that kept fares high
Airlines Stocks Plunge After DoJ Probes Collusion On High Prices
An 'alarming trend' as air freight industry struggles with overcapacity and low yields
Lost and found: TSA pays nearly $500K in local airport complaints
WestJet flight diverted to Calgary over bomb threat

## Fault lines/flashpoints/powder kegs/military/war drums ##
South China Sea Dispute: Beijing's National Security Law Could Create New Tensions
NSA Leak: "Washington Is Negotiating With Every Nation That Borders China... So As To 'Confront' Beijing"
More than 100 dead as militants, Egyptian army clash in North Sinai
US blocks attempts by Arab allies to fly heavy weapons directly to Kurds to fight Islamic State
US Admits Paying Terrorists For Services Rendered In Syria
Russia In Talks To Supply Armenia With Iskander-M Missiles As Battle Lines Drawn Across Europe
Not pipe dream to think PLA could join fight against ISIS: Duowei
Pentagon Releases National Military Strategy
Dempsey's Final Instruction to the Pentagon: Prepare for a Long War
In a new National Military Strategy, the chairman of the Joint Chiefs of Staff warns the Pentagon to reorganize its global footprint to combat prolonged battles of terrorism and proxy wars.
Hillary Clinton's Failed Libya 'Doctrine'
Libya remains a nation shattered by political chaos and bloody terrorism, a result of the U.S.-backed "regime change" in 2011 that Secretary of State Clinton championed and once saw as her crowning foreign policy achievement, even the basis for a "Clinton Doctrine."
Indonesia to review aging air force fleet after deadly crash
How Space Trash Can Be Used Against The U.S.
Shipping industry part and parcel of West Africa security situation
Russia or China: Who Should Lead America's Enemies List?
Palestinian Arrests By Israel Highest In Years Amid New Law Preventing Detainees From Calling Family
Is Saudi Arabia Leaving The U.S. Behind For Russia?
No breakthrough at Iran nuclear talks, ministers push for deal soon
Boko Haram guns down 97 people praying in mosques in Nigeria
Nearly 200 Killed in Massive ISIS Offensive Against Sinai Peninsula
Globes sold in Philippines assert China's maritime claims

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dong villagers attack police with stones in Guizhou (China)
Greece could face social unrest soon
Pikangikum riot destroyed 3 police vehicles, trashed first floor of police detachment: OPP (Canada)
Riot police break up protests over holidaymaker's arrest death (Netherlands)

## Energy/resources ##
Shale Drillers Lose Most-Precious Asset - the $90 Hedge
The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue. Now the safety net is going away.
Ramadan 2015: Muslims In Saudi Arabia Urged To Conserve Energy Amid Fears Of Power Outages
EIA Data Still Doesn't Add Up
As initially pointed out by in a recent article, discrepancies between actual data for oil production in Texas vs. what the EIA claims are so stark it's almost scary. How this can be overlooked by the mainstream media as well as by most of the broker community is even more alarming. Further, how the U.S. oil industry fails to catch it and question it given that their livelihood is tied to it is even scarier.
Arctic Drilling Future Now Rests On One Well
Russian Gas Deal Failure Leaves Ukraine Facing Huge Shortfall Going Into Winter Months
Asia depends on Middle East for 66 % of its oil imports
Mexico Unveils Licensing Plan to Add Million Barrels Output

## Infrastructure scavenging ##
Cable thieves cause disruption to residents, essential services in St Mary
FBI Investigating Attacks On Physical Internet Infrastructure

## Got food? ##
Desperate Greeks Resort To Scavenging Through Garbage To Find Food
The U.S. Is Producing a Record Amount of Milk and Dumping the Leftovers
Compliments, No Name chicken products recalled over salmonella concerns
How Will We Feed a World of Nine Billion People?
We won't. -- RF
Field fires hamper French grain harvest as heatwave builds

## Lifestyle Solutions ##
Are You Suffering From Lifestyle Creep?

## Environment/health ##
Scarce medical care in Karachi drives return of old healing practices
Dangerous heat wave scorching Europe
Demand for omega-3 wiping out krill stocks: Sea Shepherd
Cuba first nation to eliminate mother-to-child HIV and syphilis
Polar bears face steep declines because of melting sea ice: U.S. study
Fiery Derailment of Train Carrying Toxic Gas Sparks Evacuation of 5,000
BP Agrees To Pay $18.7 Billion To Settle Deepwater Horizon Spill

## Intelligence/security/internet/cyberwar ##
XKEYSCORE: NSA's Google for the World's Private Communications
One of the National Security Agency's most powerful tools of mass surveillance makes tracking someone's Internet usage as easy as entering an email address, and provides no built-in technology to prevent abuse. Today, The Intercept is publishing 48 top-secret and other classified documents about XKEYSCORE dated up to 2013, which shed new light on the breadth, depth and functionality of this critical spy system — one of the largest releases yet of documents provided by NSA whistleblower Edward Snowden.
Behind the Curtain: A Look at the Inner Workings of NSA's XKEYSCORE
CSIS website falls victim to yet another cyberattack
The website of Canada's spy agency, CSIS, was offline for several hours again Tuesday after a cyberattack shut it down for the third time in two days.
Study Shows U.S. Police Far More Concerned About "Anti-Government" Domestic Extremists than Al-Qaeda
'Smell fingerprint' could identify every human on Earth, study says
Canadian Surveillance Agency Says Snowden Leaks Were Damaging, Because We Say So
German Deja Vu: Merkel Summons US Ambassador Over New Spying Claims

## Propaganda ##
Who Are the 5.5 Million Facebook Fans of Chinese State Newspaper People's Daily?

## Systemic breakdown/collapse/unsustainability ##
Our Spoiled-Brat Economy
By insuring spoiled brats/vested interests never face the consequences of their actions and choices, we guarantee failure of the entire system.
"Heartbreaking" Scene Unfolds At Greek Banks As Pensioners Clamor For Cash
Ford recalls 433K vehicles amid body control module issues
The Dream of the Machine (Archdruid Report)

## Japan ##
Okinawan news editors lash out at LDP calls for press curbs
Abandoned golf course in Kyoto to be used for 23-megawatt solar power plant
Japan's population marks steepest decline ever
Man who self-immolated on shinkansen 'couldn't live on pension,' says neighbor
Japan's crowded, punctual rail network faces dilemma over security checks
Just as with the airlines, any kind of security apparatus would be a drag on the system. -- RF
Court orders Google to delete search results of lewd behavior arrest

## China ##
China Says Its Toll Roads Suffered A $25B Loss Last Year, But Media Question Figures
China National Security Law Aims to Create 'Garrison State,' Experts Say
New Silk Road A Disaster Waiting To Happen?
When a 77% Gain In four Days Is Not Enough—–Inside China's Lunatic IPO Market
China's Fantastic Margin Bubble——22% Loans To Buy Stock
Images show Chinese airstrip on man-made Spratly island nearly finished
China's growth set to slow in 2015 as easing effects disappoint

## UK ##
British Shale Industry Just Took Another Blow
Royal Navy ships receiving maintenance services in Bahrain
Bank Of England Warns Greece "Threatens To Trigger Market Selloff That Could Ripple Through The Global Economy"
Unaffordable housing forcing a generation of young people out of their home towns, Cabinet minister admits

## US ##
South Carolina Black Church, Once Torched by KKK, Burns Again
Yet another predominately black church went up in flames Tuesday night — this time a South Carolina house of worship that was burned to the ground by Ku Klux Klan members 20 years ago.
Oklahoma High Court Says Fracking Companies Can Now Be Sued Over Quakes
Home-Buying Panic Sets in, Housing Bubble 2 Soars, Industry Drools, But It's Doomed, Says Zillow
First U.S.-made Kalashnikov AK-47s now being sold
Survey says: 35 percent of Americans would expatriate
Exim Bank Bites The Dust Today——Good Riddance To A Crony Capitalist Heist
Establishment Survey +233K Jobs, Household Employment Survey -56K, Part-Time Employment +372K, Labor Force -432K
Jobs Report 2015: What Happened To Summer Jobs For Teens?
Labor-force participation drops to lowest level since 1977
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System
The Coming Era of Pension Poverty
About Those "Accelerating" Wage Gains—–Not Happening!
Study: Mass shootings in the U.S. appear to be contagious
Factory Orders Scream Recession: Annual Drop Biggest Since 2008
Plunge In Export Prices Is Now Worse Than The Great Financial Crisis
Xerox Is Not the Problem, the Whole IT Services Industry Is

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