Tuesday, September 01, 2015


News Links, September 2, 2015

## Global Ponzi meltdown/House of Cards ##
Global factory growth at two-year low - PMI
Greece Loses 17,000 Jobs in July, Most Since 2001
China Slowdown's Next Victim——Asian Supply Chain
Asian Markets Tumble As China's Manufacturing Output Falls To Lowest Level In Three Years
China manufacturing contracts, Korea exports slump as Asia's woes deepen
Europe shares set to follow Asian losses as China PMIs stoke growth fears
It Gets Even Uglier In Canada
Canada Economy Shrinks for 2nd Straight Quarter on Oil Shock
Is China Dumping German Paper Now? Bund Prices Are Collapsing
Chile's Industrial Output Declines and Jobless Rate Rises
Macau Economy Slumps 26.4% as Anti-Graft Crackdown Deters Gamblers
Australia's Central Bank Leaves Interest Rates Unchanged At 2%
Angola Economic Woes: Chinese Slowdown, Global Crude Glut Hit Angola's Oil-Dependent Economy
Southeast Asia's Biggest Companies Risk $392 Billion Debt Burden
South Korea's Exports Fall Most Since 2009 as China Slows
Collapse of Abenomics Threatens Global Stability
Brazil's Epic Era of Splurging Is Over
Here's How High Oil Prices Must Climb To Stop Saudi Arabia's Budget Bleed
Dow plunges 470 points as oil sinks 8% in grim September debut

## Airline death spiral ##
Hong Kong's unpopularity shows in airline balance sheets

## Fault lines/flashpoints/powder kegs/military/war drums ##
Malaysian Prime Minister Najib Razak Rejects Calls For Resignation, Says Protests Reflect Lack Of Maturity
Petraeus: Use Al Qaeda Fighters to Beat ISIS
What could possibly go wrong? -- RF
Schumer's Troubling Mideast Record
In trying to torpedo the Iran nuclear deal, Sen. Charles Schumer is continuing his longstanding role as a front man for U.S. neocons and Israeli hardliners who favor a Mideast strategy of violent "regime change" over negotiated solutions.
Sweden Joining NATO? Centre Party Now In Favor Of Becoming Part Of International Alliance
Yemen's Hidden War: How the Saudi-Led Coalition Is Killing Civilians

## Migrants/refugees ##
Austria inspects trucks for migrants, creates 15-mile backup
Hungary shuts down rail traffic for westward-bound migrants
Hungary suspended all traffic from its main rail terminal Tuesday and cleared the station of hundreds of migrants trying to board trains for Austria and Germany - the hoped-for end destinations in their flight from Mideast turmoil.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tens of Thousands Protest in Lebanon as 'You Stink' Campaign Issues Ultimatum

Electricity generated by US wind farms fell 6 per cent in the first half of the year even as the nation expanded wind generation capacity by 9 per cent, Energy Information Administration records show.
Aker Solutions to Slash up to 500 More Jobs
Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".
Oilfield services firm Aker Solutions announced Tuesday that it will be further reducing its Norwegian subsea workforce due to a "continued market slowdown."
Cut, baby, cut! -- RF

## Intelligence/security/internet/cyberwar ##

## Propaganda ##
Ukraine Rightists Kill Police; Putin Blamed
As rightists riot in Ukraine – killing three policemen in a protest against making any concessions to ethnic Russians in the east – The New York Times had to move nimbly to again foist all the blame on Russia's President Putin, but the Times was up to the propaganda task.
Why Johnny can't understand climate: functional illiteracy and the rise of "unpropaganda"

## Systemic breakdown/collapse/unsustainability ##
5 Trends That Are Shredding the Global Economy
Friday night lights, provided by petrochemicals
Many athletes, from Pop Warner to the NFL, participate in American football each fall. Petrochemicals play a vital role in the game, from the plastics in the equipment used to play the sport to the artificial turf to the souvenirs and cups used for beverage consumption every game.
When new sewer lines were laid here in my neighborhood, I noted that the pipes were all PVC. That gives you an idea of the (short) lifetime of this sewer system, and is also an indication that planners (mistakenly) believe they will be able to replace the pipes 20 or 30 years down the line. -- RF
The Great Unraveling
The ideological and physical hold of American imperial power, buttressed by the utopian ideology of neoliberalism and global capitalism, is unraveling.
Or war or economic collapse. Pick your poison. -- RF

## China ##

## UK ##
Local authorities 'cannot cope with further cuts'
Councils in England and Wales cannot cope with further funding cuts because government policies have already left with them with a black hole of almost £10bn, the Local Government Association is claiming.
Britain Announces Investment in Scottish Naval Base
Police force could lose 22,000 jobs under new spending cuts
Major reduction in funding could see number of police officers in England and Wales fall to 40-year low

## US ##

And finally...
Intelligent robot tells interviewer, 'I'll keep you safe in my people zoo'
Job offer rescinded after applicant sends nude selfie

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