Tuesday, July 07, 2015


News Links, July 8, 2015

## Global Ponzi meltdown/House of Cards ##
Greece, China and oil troubles are adding up to a world of catastrophe for investors
Greece is Just the First of MANY Countries That Will Be Going Belly-Up
Chinese Stocks Come Totally Unglued Beneath the Surface
Good Luck Finding a Place to Hide as Global Markets Crumble
Central Banks Scramble, Fail to Rescue Stocks, after Greece
Greece gets until Sunday for proposals to stave off collapse
Greece's New Money: Many, Not One?
What we may be witnessing is the first phase of a new era of widespread non-state currencies.
Can Greece Print Euros? No, Not Really; Parallel Currencies Now in Use
Britain prepared to fly millions of Euros to Greece
First Was A Head Fake—–Next Comes Einen Shitschturm
Global Cooling Alert: Copper Plunges 5%, Threatening 15-Year Support Line
Canada slumped into first-half recession as oil prices crashed, TD Bank economist says
Marc Faber: Likelihood of Greek Contagion Is Very High
London loses golden touch as China's build-up of bullion continues apace
London, the traditional home/hub of the world's gold trade, could be slowly losing its grip on power as more and more of the world's physical gold moves from London's vaults to Asia, chiefly China.
IMF: Financial risks growing at US insurers, mutual funds
Junk Bonds Signaling Trouble Ahead for Canada?
Brazil, China launch US$20bn fund for production capacity cooperation
ADIB consumer loan rejections soar 10% after bank adopts credit bureau data (Abu Dhabi)
The UAE has one of the world's highest rates of indebtedness at $95,000 per head, banking executives said.
The German Siege Of Greece Begins
China Stock Slump Spreads as Alibaba to JD.com Whipsaw Investors
Behind The Troika Money Shuffle: Taxpayers In Italy And Spain Have Funded A Massive Bailout Of French Banks
Why GM Is Back Below Its IPO Price - Pictures From GM's China "Parking Lot"
The global selloff in emerging-markets currencies is intensifying

## Airline death spiral ##
Drones, commercial aircraft on collision course
It won't amount to a hill of beans. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Germany to take part in military exercises in Ukraine
AFRICOM Seeks Logistics Provider
The US Africa Command is seeking a logistical contractor to distribute intra-theater military cargo in Egypt and all 55 African countries within the command's area of responsibility (AOR).
Stolen Explosives From Military Site 'No Cotton Candy': French Mayor
Around 200 detonators as well as plastic explosives and grenades were stolen from a military site in France Sunday night, and French authorities have started investigating. The site, in the southern part of the country, houses weaponries used by French troops in Mali and Afghanistan.
Ukraine Merges Nazis and Islamists
Ukraine's post-coup regime is now melding neo-Nazi storm troopers with Islamic militants – called "brothers" of the hyper-violent Islamic State – stirring up a hellish "death squad" brew to kill ethnic Russians in eastern Ukraine, on Russia's border.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds protest in Tel Aviv against natural gas deal

## Energy/resources ##
LNG Bunkers – Troubled waters
Douglas-Westwood said it was questioning whether Brazilian energy company Petrobras can turn ambition into reality in deepwater prospects.
Technip Plans 6,000 Layoffs as Part of Restructuring Efforts
Paris-based engineering company Technip S.A. is the latest oil and gas company to announce layoffs as a way to combat a "challenging environment in oil and gas." As part of its restructuring plan, Technip will lay off 6,000 of its 38,000 employees from its global workforce.
BP cuts more Australian staff as oil prices slump
Oil and gas giant BP has taken the knife to its Australian staff for the second time in less than 18 months, with a major round of redundancies in recent weeks.
Hit by drought and seawater, Bangkok tap water may run out in a month
Bangkok's tap water supply may run out in a month, as the country waits for long overdue rains to replenish sources depleted by drought and threatened by seawater creep, the chief of the capital's water authority said.

## Environment/health ##

## Intelligence/security/internet/cyberwar ##
Kuwait enacts law to make DNA testing mandatory
Kuwait has passed a law that will force its citizens and residents to give DNA samples.
Someone Just Leaked The Price List for Cyberwar
A controversial cyber arms dealer gets hacked, revealing sales to the US military and less savory customers around the world.
Leaked Documents Show FBI, DEA and U.S. Army Buying Italian Spyware
The FBI, Drug Enforcement Administration and U.S. Army have all bought controversial software that allows users to take remote control of suspects' computers, recording their calls, emails, keystrokes and even activating their cameras, according to internal documents hacked from the software's Italian manufacturer.
A Detailed Look at Hacking Team's Emails About Its Repressive Clients
So why is Cyberpoint listed as a "partner" to Hacking Team, the Italian company under fire for selling spyware used by repressive regimes across the world?

## Propaganda ##
US Still Won't Confirm Israeli Nukes
Among the more absurd aspects of U.S. foreign policy is the persistent refusal to confirm that Israel has a nuclear arsenal, even as U.S. officials threaten and even attack other countries for allegedly harboring the intent to build a single bomb.
Today's Civilian Victims in Yemen Will be Ignored Because U.S. and its Allies Are Responsible
As Propaganda Rains Down in US, Real Bombs Kill Scores of Civilians in Yemen
While the threat of violent attacks that actually never take place in the U.S. receive days of dramatic news coverage– the bombing of real innocent people at the hands of a U.S.-backed military campaign are ignored

While this is not a bad idea, on a long-term view it would make more sense to convert golf courses to farmland or forest land. -- RF

## China ##
What's Motivating China's Military Push in Africa?
China is steadily expanding its military footprint in Africa, highlighted by the recent deployment of 700 combat-ready troops to join a multinational peacekeeping operation in South Sudan. In all, the People's Liberation Army and Navy now have an estimated 2,700 soldiers, sailors, engineers and medical staff stationed across the continent.
Peak Desperation: China Bans Selling Of Stocks By Pension Funds
A large-scale vestige of a previous era is falling, even as the current era starts to crumble. -- RF
This generation wants more everything, study finds
Young people want more sex, relationships, jobs, travels, houses and friends, a study has found, showing how the pace of life has increased and attention spans have diminished.
People power has shut the doors on fracking in the UK
Accused of overcharging, UK energy firms could face price cap
Latest CPI figures show nearly no inflation over the past year. Yet housing,  tuition, and healthcare costs continue to soar.
Extensive records from SWAT team raids in northeastern Massachusetts released today by the American Civil Liberties Union corroborate what police reform advocates have long insisted: that "Special Weapons And Tactics" units spend a majority of their time responding to low-risk situations that do not require SWAT's quasi-military approach.

And finally...

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