Tuesday, September 15, 2015


News Links, September 16, 2015

## Global Ponzi meltdown/House of Cards ##
Why the Fed Would be Insane to Raise Rates: The Rising U.S. Dollar
The USD strengthening since last July is the core driver of the global recession.
Keynesian Desperados——Krugman Says Print Whatever It Takes
Is Brazil About to Drag Down Spain's Biggest Bank?
Levy Pitches Budget Cuts and Tax Hikes to End Brazil Deficit
Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover
Freight Goes to Heck, Now Even in the US
Dr. Copper not feeling well: Societe Generale cuts 2015 global copper consumption growth to 2.5%
Cash Withdrawal Limits and "Bank Holidays" Coming
How You Can Win the Government's War on Cash
It's Official: India Makes A Big Move To Reduce Gold Demand
India shows its metal with plan to open gold mines across country
Many of the Companies That Went Public in the Past Year Are Trading Below Their Offering Price
US interest rate rise could trigger global debt crisis
Why China's not the only one selling FX reserves
"The Danger Is That It Bursts Just Like In The US": Sweden Goes Full Krugman, Gets Massive Housing Bubble
World Is Now "More Exposed than Ever" to Explosive Dollar
The Next Financial Crisis Won't be Like the Last One
It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets.
Toshiba Isn't the Only Company with Shady Accounting Practices
Italy to privatise post office soon, railways in 2016 - official
'Demonization of the rich' hurting luxury sales
Former head of the New York Stock Exchange says modern markets aren't fair

## Cut, baby, cut! ##
Deutsche aims to cut workforce by a quarter, sources say
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.
Deutsche Bank to close almost all Russian operations: sources
UniCredit plans to cut around 10,000 jobs: source
Glencore's Zambian unit to cut 4,300 jobs -union, sources
Brazil's Fin Min announces $7 billion in budget cuts
HP says it will cut up to 30,000 jobs

## Airline death spiral ##
2 Planes With Hundreds On Board Bump Into Each Other On LAX Tarmac
Screaming woman removed from American flight
Why Does Air Travel Make People So Grumpy?
Now arriving: airport control towers with no humans inside
Hidden cameras reveal airport workers stealing from luggage
In the Cheapest Market for Flying, Airlines Told to Cut Fares

## Fault lines/flashpoints/powder kegs/military/war drums ##
Data shows drone attacks will not work against ISIL in Syria
Is Russia Invading Syria?
If Washington won't take on Islamists, Putin will
Russia Blames US, Allies For Not Coordinating Anti-ISIS Operations: Russian Officer
How Russia Can Help in Syria
West 'ignored Russian offer in 2012 to have Syria's Assad step aside'
Exclusive: Senior negotiator describes rejection of alleged proposal, since when tens of thousands have been killed and millions displaced
Afghanistan Prison Break: Taliban Storm Prison In Ghazni, Free Over 350 Inmates
Ukraine Is Moving Towards Peace With Russia: Poroshenko
Ukraine Russia Conflict: US Army To Train Ukrainian Military
Iran's Nuclear Ballistic Missile Threat Not on the Horizon
Iran says wants China's help to resolve Middle East tensions
Taliban's Mullah Omar died of natural causes in Afghanistan, son says
The United States Probably Has More Foreign Military Bases Than Any Other People, Nation, or Empire in History
Garrisoning the Globe: How U.S. Military Bases Abroad Undermine National Security and Harm Us All
While there are no freestanding foreign bases permanently located in the United States, there are now around 800 U.S. bases in foreign countries.
Al-Aqsa Mosque Update: Clashes Rock Jerusalem Site For Third Day
North Korea main nuclear complex is in 'full operation' as Pyongyang issues warning to US
Meltdown: Where Is the U.S. in the Race for the Arctic?
Defiant Chinese Admiral's Message: South China Sea 'Belongs to China'

## Migrants/refugees ##
EU To Hold Emergency Talks On Binding Refugee Quota, Germany Resumes Train Services To Austria
Fortress Europe: a wall to keep foreigners out?
The Latest: EU fails to agree plan to share 120,000 refugees
Refugee crisis: Hungary deploys soldiers to its border as door slams shut on asylum seekers
Russia sends artillery and tanks to Syria as part of continued military buildup
EU backs military action against Med people smugglers
Migrant crisis: "If we don't stop climate change, then what we see right now is just the beginning"
Does the Migrant Crisis Represent the End of the European Union?
Spread of deserts costs trillions, spurs migrants:study
Hungary declares emergency, seals border, detains migrants
European Refugee Crisis: Merkel Calls for Emergency EU Summit
Syrian refugees, 95% are not in Europe

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds of Latinos protest at Trump rally, clash with supporters
Protests Erupt in Hungary as 'Fortress Europe' Rises to Replace Open Borders
Police Clash with Protesters Searching for TPPA Documents (NZ)
Mounted police called in as Donald Trump supporters clash with protesters at rally
Riots breaks out on Jerusalem's Temple Mount for third straight day
Rallies continue against security bills (Japan)

## Energy/resources ##
Decline Rates Will Ensure Oil Output Falls in 2016
Jeffrey Brown: To Understand The Oil Story, You Need To Understand Exports
As concerning as the fact that global oil production has plateaued over the past decade, despite trillions invested in trying to goose it higher, are Brown's forecasting model for oil exports. His Export Land Model shows how rising internal consumption can swing (and has swung) countries from major exporters to permanent importers within a dizzyingly short period of time.
Oil Price Increase Will Not Come Fast Enough To Save Alberta
Bankers and borrowers have kicked the can down the road about as far as they can as more oilfield service (OFS) and exploration and production (E&P) companies default on their loans and seek more relief on lending covenants.
Zambian capital can't quench thirst of its booming population
India's Modi to meet utilities to fix electricity debt mess
Indian Prime Minister Narendra Modi is set to meet bosses of loss-making electricity utilities on Monday to debate a rescue package for a sector whose vast debts weigh on the banking system and undermine promises to provide power for all.
OPEC Lowers Global Demand Growth Expectations For Oil In 2016
South Africa faces first power cuts in five weeks
German energy firms need to set aside more money for nuclear exit - Spiegel Online
German energy companies are short of as much as 30 billion euros ($34 billion) of the money they need to set aside to build a safe disposal site for nuclear waste as part of the country's exit from nuclear power, Spiegel Online reported on Monday.
That isn't the half of it. Projected costs will keep climbing, and money will keep disappearing. Abandoned nuclear plants around the world will create an unmitigated disaster. -- RF
Iraq Warns Oil Companies of Spending Cuts
Syria peak oil weakened government's finances ahead of Arab Spring in 2011
Low Oil Prices Throw North Sea Oil Into A State Of Crisis
The Shale Delusion: Why The Party's Over For U.S. Tight Oil
Iran Enjoys Increased Oil Exports, U.S Shale Plays Face Structural Decline
Ukraine expects new gas deal with Russia by end of next week
Interior Dept.: High-risk oil, gas wells checks lack funding

## Infrastructure scavenging ##
Ohio leads nation in metal-theft insurance claims
Vacant, foreclosed homes sit ripe for plucking
Copper theft impacts hundreds of Frontier customers
Copper thieves ransack Newark church
South Africa government moves in on cable thieves

## Got food? ##
As wildfires rage in West, ranchers lose cattle, rangeland
Large chain restaurants earn low marks for antibiotic use in meat

## Lifestyle solutions ##
How tech workers are turning to the Japanese practice of 'forest bathing' to unplug

## Environment/health ##
Next two years hottest globally, says Met Office
Online bed bug reports gnaw at hotel revenues
Thai villagers say gas drilling sickens them, ruins crops
What goes on while you are sleeping
Snowpack in Sierra Nevada at 500-Year Low, Researchers Say
Indonesia orders action against land burning as haze chokes SE Asia
Will the Paris Climate Talks Be Too Little and Too Late?
Making Kids Play Outside Reduces Rates of Myopia in Study

## Intelligence/security/internet/cyberwar ##
Hackers can now hitch a ride on car computers
Cisco router attacks duck cyber defenses, hit four countries

## Systemic breakdown/collapse/unsustainability ##
How our energy problem leads to a debt collapse problem
Why are some people so negative about electric cars?
Whatever one's attitude about EVs, it's obvious they aren't going to help preserve industrial-age mobility, because they rest on the same platform as fossil fuel-powered vehicles, as do the various means of producing electricity. Widening the use of vehicles powered by batteries or fuel cells or whatever is just an exercise in futility. There's no "technological revolution" going on here because at the system's foundation, nothing has changed. -- RF
VW China unit to recall 78,000 cars over air bag defect: regulator
Peak Oil Ass-Backwards (part 1): Peak Oil, Meet Fractional-Reserve Banking
Peak Oil Ass-Backwards (part 2): Crashing Oil Prices Aren't Due to an Oil Glut But to Demand Destruction and Peaking Credit
Aerospace Industrial base in Transition as Fleets Age
The Dismal State of America's Decade-Old Voting Machines
Study: Technology fails to improve academic outcomes
Students who used computers frequently tended to score lower on math, science and reading exams.

## Japan ##
Poll show majority of Japanese oppose security bills as vote looms
In Japan, the Rise of the Machines Solves Labor and Productivity
In First, TEPCO Dumps Fukushima Groundwater Into Pacific Ocean
Japan to step up help for Vietnamese maritime security
Japan announced Tuesday it will give Vietnam used boats and other equipment worth 200 million yen ($1.7 million) to improve its maritime security capabilities as China asserts its territorial claims in regional seas.
Japan scrambles jets to intercept plane believed to be Russian
Japan Banks Take Key Role in Selling Riskier Assets
Abe steadfast on passing security bills, says public understanding will come later
Protesters spill over police barricade to rally against security bills

## China ##
China building third airstrip on disputed South China Sea islets: expert
China issues blueprint on overhauling bloated state industry
China grabs unused funds to spend on new projects as growth slows
Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to use their budget allocations, sources said, as Beijing looks for ways to spend its way out of an economic slowdown.
Beijing Bans Rule of Law in Hong Kong, Few Notice
Carmakers curb China output as capacity glut swells
China's epic sprawl, as seen from space

## UK ##
It's virtually impossible to get physical gold in London
End to supersizing could reverse obesity trend
UK inflation could fall back to 0%
Scottish wind farm projects 'put at risk by Government subsidy cuts'

## US ##
A rise in violence plagues South L.A.: 'We can't police our way out of this'
Iraq War Veteran Blows the Whistle on Shameless Propaganda Being Taught at Police Academies
Bankers Will Be Jailed in the Next Financial Crisis
Juiced? San Francisco Median Home Price Tops $1.3 Million As Household Income Sags
Donald Trump's Great Wall — it didn't work for the Ming Dynasty either
Illinois meltdown: Illinois Halts Payments to Dentists, Threatens to Stop All Health Insurance Payments
War on cash: Could the Fed Implement a "Carry" Tax on Physical Cash?
Number of homeless students in U.S. has doubled since before the recession
Officials Cover Up Housing Bubble's Scummy Residue: Fraudulent Foreclosure Documents
How the Department of Justice is Actively Trying to Prevent Civil Asset Forfeiture Reform
Valley and Butte Wildfires in California Have Destroyed 700 Homes
Empire State Manufacturing Survey Strikes Back! Falls 14.7%, Back To Great Recession Level
More MSM Fantasy—–August Retail Sales Were Punk, Not 'Buoyant'
Fed Rate Hike: Top Five Banks Stand To See $10 Billion Windfall
General Electric To Ship 500 Jobs Overseas, Citing Expiration Of Export-Import Bank
U.S. factory output declines on sharp drop in auto production
Retail Sales Rise Thanks to Autos; Industrial Production Sinks Thanks to Autos; Last Hurrah for Autos?
Destroying The "There Are No Signs Of An Imminent Recession" Meme In 4 Charts
Analyst Who Said "Buy Lehman" 20 Days Before Its Collapse Is Now On The Financial Stability Oversight Council
Shocking Weakness in Empire State Manufacturing Report

## The candidates ##
Donald Trump earns 25 times as much as the overpaid CEOs he bashes
The Unstoppable Trump Juggernaut: How The GOP Establishment Hopes To Crush The Donald's Presidential Run
Jeb Bush Asks That You Stop 'Demonizing' the NSA, Please
Study: 53 percent of Jeb Bush's tax cuts would go to the top 1 percent

And finally...
Portland artist uses period blood for Trump portrait

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