Friday, August 14, 2015


News Links, August 15, 2015

## Global Ponzi meltdown/House of Cards ##
Growth is dead: Eurozone Grew 0.3% In Q2; Germany And 4 Other Countries Also Grew Slower Than Estimated
Eurozone Officials Approve Greek Bailout Deal
Greeks Flock to Grassroots Alternative Currencies in Affront to Euro Debt Slavery
World's Most Hated Major Currency Hits 11-Year Low
Global M&A activity surges toward record high
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World
China's Beggar The World Deflation——Global Steel Industry Getting Hammered By Its Steel Dumping
Vancouver's Revolting! This Is One Housing Bubble Ready to Pop
40% of gold production will be uneconomic at prices below $1 100/oz, says Wood Mackenzie
China's PBOC Buys 600,000 Ounces Of Gold In July – Annualised 225 Tonnes Per Year
Asset-Price Inflation Enters Its Dangerous Late Phase

## Airline death spiral ##
Luggage-Shipping Services Offer Fliers Alternatives, Sometimes Savings
Emirates To Grab World's Longest Flight Title With Panama Service
14 ways you're being ripped off at the airport

## Fault lines/flashpoints/powder kegs/military/war drums ##
Turkey Bombs Kurds Fighting ISIS, Then Hires Same Lobbying Firm Supporting U.S. Presidential Candidates
Israel And Jordan Stepping Up Military, Defense Cooperation As Israeli And Jordanian Aircraft Fly in Tandem To US
Kerry urges 'genuine democracy' at U.S. flag ceremony in Cuba
This is rich coming from one of the biggest oligarchies on the planet. -- RF
The Saudi Royals — Unchained
With President Obama afraid of upsetting the Saudis anymore after the Iran-nuclear deal, he has given them pretty much a free hand to bomb and blockade Yemen. Meanwhile, the Saudi royals are displaying their contempt for the United Nations and its Yemen peace efforts.
Turkey halts its airstrikes against Islamic State fighters in Syria
'The Gulf': Shedding Light on Dark Doings in the United Arab Emirates

## Migrants ##
Greek coast guard 'deliberately' sunk migrant boat in Turkish waters, fisherman's film alleges
A film shot by Turkish fishermen shot a few days ago apparently shows Greek coast guard vessel leaving an overloaded inflatable boat of Syrians to sink after "piercing it with a lance" in Turkish waters

## Global unrest/mob rule/angry people/torches and pitchforks ##
Acoustic Cannon Sales to Police Surge After Black Lives Matter Protests
During a company conference call with financial analysts last week, Tom Brown, the chief executive of LRAD, a military contractor, informed investors that sales were rolling in, not just from Chinese government agencies and the U.S. Navy, but also from American law enforcement.

## Energy/resources ##
In Puerto Rico, Water Has Been Cut Off
Brazilian builds water-powered motorbike (video)
Due to extremely poor journalism like this, the public believes there can be such a thing as a "water-powered" vehicle, which is impossible because water is not an energy source. As you can see when watching the video, some unspecified source of electrical power is used for electrolysis to produce hydrogen, which runs the bike engine. Therefore the electricity is actually what powers the motorbike, yet the video fails to point this out, and the journalist doesn't bother to find out where the electricity comes from (likely an on-board automotive battery which is periodically recharged). Thanks to the lack of energy-savvy journalists, the world public is easily bamboozled by claims such as this. Other "water-powered" claims have been made from time to time, and people have been fooled by them every time. -- RF
Oil price hits lowest level in 6 1/2 years
Could This Be The Next Great Renewable Energy Source?
Although algae are useful, algae biofuels will never attain the scale needed to power industrial civilization. -- RF
South African nuclear power plan stirs fears of secrecy and graft
Fears are growing in South Africa that agreements to build nuclear power plants that could be the most expensive procurement in the country's history will be made behind closed doors, without the necessary public scrutiny.
After The Fall: Industry Reset Has $100B Borrowing Base at Stake
As oil and gas companies gear up for the fall borrowing base redetermination period – essentially, a twice-a-year check-up on a company's credit and debt health in which loan adjustments can be made – what was feared is becoming clear: the fall round isn't going to be as simple as previous spring review.
Why an Oil Glut May Lead to a New World of Energy

## Got food? ##
Severe 'food shocks' more likely due to extreme weather, experts warn
American Food Banks Struggle to Keep Up Amidst "Surprising" Demand
46 million Americans go to food banks, and long lines for dwindling food supplies begin at 6:30 AM
Nearly 1 million people face food emergency in drought-hit Guatemala - U.N.
Must read: 8 Reasons to turn your lawn into a farm and help change the world

## Environment/health ##
Gulf eats away at coast outside levee-protected New Orleans
'Godzilla El Nino' will bring chaos including floods and wildfires to the world
It turns out parenthood is worse than divorce, unemployment — even the death of a partner
Modern Life Is Making Dementia in Your 40s More Probable

## Intelligence/security/internet/cyberwar ##
Customers vent ire at mobile phone companies' deteriorating services (KSA)
'Public servants should get off social media': warning after Islamic State hack
Justice Minister Michael Keenan confirms Islamic State hack of Australians' data
A Facebook Intern Got Fired for Pointing Out Privacy Problems
The U.S. Government Is Putting Americans on Its No-Fly List on a Hunch

## Propaganda ##
Obama's Stupid Blame-Iran Game
President Obama always bows to Official Washington's conventional wisdom no matter how wrongheaded it is – and then either falls in line behind some reckless neocon policy prescription or turns away just before falling off some geopolitical cliff. His continued Iran-bashing is a case in point.

## Systemic breakdown/collapse/unsustainability ##
Voting With Your Feet
When do we finally accept the hopelessness of reforming a self-serving machine bent on destruction?
Volkswagen recalls 461,300 cars in U.S., Canada to fix air bags

## Japan ##
Almost 30% of young people don't want to work for a company, survey finds
Russia calls for immigration to islands disputed with Japan
Ebola spurs creation of Japan's first maximum-security biolab

## China ##
China Air Pollution Kills 4,000 People a Day: Researchers
Jack Ma Website With Junk Debt a Click Away Raises Risk in China
Weak iron ore market sends miners far afield in China
From Shanghai Stampede To Tianjin Explosion, 2015 Is China's Year Of Living Dangerously
CCTV Cuts Short Tianjin Press Conference After Uncomfortable Questions
China Facing Economic Battles on Multiple Fronts
Shockwaves from Tianjin blasts poised to hit economy

## UK ##
Free cash machines outside shops to disappear 'within a year'
Fracking: 6,000 square miles of England earmarked for shale exploration
Respite for dairy farmers as supermarkets agree to pay more for milk

## US ##
The Big Social Security Disconnect In Americans' Retirement Plans
High Yield Bond Funds See Another $1.2B Investor Cash Withdrawal
In California, drought has some homeowners running cool on pools
Average Net Worth by Age
The massive financial chicanery brought on by housing equity figures and the new real estate bubble.
U.S. Containerized Exports Fall Off the Chart
Black Persecution: Should African-Americans Qualify For Refugee Status In Other Countries? An Immigration Lawyer Says They Do By US Law
Illinois: Get Me the Hell Out of Here
Simply Unaffordable: Renting In The USA Is The Most Expensive In History
Industrial output jumps as auto production surges
And when this bubble pops, there's going to be a bloodbath. -- RF
Are Automakers About To Hit The Panic Button?
Bland Monster Jeb Bush "Proud" of His Brother's Torturing People
US Military Uses IMF and World Bank to Launder 85% of Its Black Budget

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