Sunday, September 20, 2015


News Links, September 21, 2015

## Global Ponzi meltdown/House of Cards ##
Emerging Markets Are Not Facing a 1997-Style Crisis—They're Facing Something Worse
CLSA: The Emerging Market Slowdown Is About to Hit the Developed World
Russia Boosts Gold Reserves by Most in at Least Five Months
It Begins: Australia's Largest Investment Bank Just Said "Helicopter Money" Is 12-18 Months Away
Moody's Downgrades France, Blames "Political Constraints", Sees No Material Reduction In Debt Burden
War on cash: Bank Of England Economist Calls For Cash Ban, Urges Negative Rates
Brazil Real Approaching Record Low Amid Rating-Cut Speculation
Dubai housing costs ranked fourth most expensive in the world

## Cut, baby, cut! ##
Johnson Controls to cut 3,000 jobs in 2 years
Mitsubishi Motors preparing U.S. plant closure, job cuts: Nikkei
Qualcomm job cuts continue
Qualcomm is slashing more than 1,300 full-time jobs in San Diego and has cut hundreds more in other states.
Implats plans to cut 1,500 jobs in Rustenburg
IMPALA Platinum, the world's second-largest producer of the metal, plans to cut as many as 1,600 jobs at its Rustenburg operations as prices have fallen to six-year lows.

## Airline death spiral ##
Exhausted pilots tell Cathay Pacific their growing workloads are a threat to flight safety
US airlines step up campaign against rivals from Middle East
U.S. says review of airlines' subsidy allegations ongoing
Drunk airline passengers could be 'blacklisted' (UK)
Flight delays cost EU airlines €4bn a year
Unruly passenger causes disturbance onboard plane at Bush IAH

## Fault lines/flashpoints/powder kegs/military/war drums ##
Analysis: RAND Says US Facing Tough Fight With China
Peshawar Air Force Base Attacked By Taliban; 29 People, Including 13 Militants, Killed
In Niger, U.S. soldiers quietly help build wall against Boko Haram
U.S., Russia resume military relations to 'deconflict' in Syria
US-Russia War? Pentagon Updates Plan For Possible War With Moscow As Tensions Build Over Syria And Ukraine Conflicts: Report
Washington's Syria Folly—–Even Putin's Got That Right
U.S. Train-and-Equip Program, by the Numbers: 9 Fighting, 18 MIA, 1 Killed
75 US-Trained Rebels Enter Syria From Turkey
John Kerry softens US demand that Assad must go
US Readies Battle Plans For Baltic War With Russia: Report
Putin gives go-ahead to Belarus airbase plan
U.N. nuclear watchdog says its chief visited military site in Iran
India charts naval expansion with eye toward rising China
Egyptian army pumps water to destroy smuggling tunnels into Gaza Strip
US, Cuba to resume mail service this year; other steps near
Showdown in Spain: Independence Parties to Increase Majority in Regional Parliament; Spanish Banks Warn Against Catalonia Independence
Border Control: Companies Tout Tech for Air, Ground Surveillance
Iceland's capital bans all Israeli products

## Migrants/refugees ##
Multinational border protection teams to be rolled out
Given the continuing refugee crisis, the European Commission wants to secure the EU's external borders with a European border surveillance system.
Croatia Closes Borders After Thousands Of Refugees Enter Country
Croatia closes border crossings, but migrants keep coming
Europe Refugee Crisis: Refugees, Economic Migrants Keep Coming Despite Warnings and Waits
Refugee Crisis: Croatia Pushes Thousands To Its Borders, UN Says EU Running Out Of Time
Europeans shut borders, block bridges, to halt migrant surge
EU Lockdown: Finland Imposes Migration Controls at Swedish Border
Syrian refugees see European dream evaporate in new home
Slovenian police pepper spray migrants at border
Refugee crisis: Slovenian police tear gas migrants
The Budapest Train Station Where Refugees Are Trapped, Scammed, and, Sometimes, Helped
Migration crisis creating 'wave of criminality' as gangs turn to people-smuggling
Croatia, Hungary in Diplomatic Spat Over Tide of Migrants
Syrian Refugee Crisis 2015: Record Levels Of Humanitarian Aid Still Not Enough To Support Syrian Refugees, UN Official Says
Royal Navy rescues 377 migrants
Syrian doctor turned people smuggler who has made £60,000 this month alone
Kerry: US to accept 85,000 refugees in 2016, 100,000 in 2017
Migrants desperate for sanctuary in Europe pack trains
Migrants desperate to find sanctuary in Europe climbed through windows and fought for space on trains headed north Sunday as border closures and plunging temperatures increased tensions among thousands in a desperate rush to keep moving.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Police Break Up Protest at US Embassy in Manila
Protest shuts down Essex pipeline site
Scenes of chaos at Liverpool crown court as protesters attempted to rush a police van
Finland Anti-Austerity Strike Shuts Down Public Transport, Flights As Recession Pits Labor Unions Against Government
Palestinians and Israel forces clash in Jerusalem, West Bank
Beirut Protests Update: Lebanese 'You Stink' Anti-Government Demonstrations Turn Violent
Violent protests as Nepal adopts new constitution
Police Arrest Multiple Protesters Blocking Interstate 35
Israeli Officials Weigh Harsher Steps to Curb Jerusalem Unrest

## Energy/resources ##
Looking for reform success, India's Modi readies electricity rescue plan
Peak? What Peak? Wasn't shale oil supposed to give us a century of prosperity?
Going Broke In The Shale Patch——Debt Service Rises From 40% to 80% Of Operating Cash Flow In Last 3 Years
According to New IEA Chief, Arctic Drilling Is Stupid Business
Chile giving financial aid to copper producers
Oil logs biggest daily drop in almost 3 weeks
Which Shale Firms Will Cut Production?
The IEA sees tightening supply as oil prices are insufficiently high to justify continued exploration and drilling. For 2016, the agency is expecting global production to drop by 400,000 barrels despite the IEA's expectation of demand growth of roughly 1.8 percent in 2015 and 1.4 percent growth in 2016.
Peak Oil Has More To Do With Oil Prices Than You May Think
Ethanol Tankers Derail in South Dakota, One Catches Fire
Australian Services Companies Urged to be Innovative in Difficult Times

## Infrastructure scavenging ##
Fire Hydrant Thefts Raise Eyebrows
Gaping manholes swallowing Nairobi development dreams

How one US state went from two quakes a year to 585
The central US state of Oklahoma has gone from registering two earthquakes a year to nearly two a day and scientists point to a controversial culprit: wastewater injection wells used in fracking.
With Little Fanfare, FBI Ramps Up Biometrics Programs (Yet Again)
In the last few years, FBI has been dramatically expanding its biometrics programs, whether by adding face recognition to its vast Next Generation Identification (NGI) database or pushing out mobile biometrics capabilities for  "time-critical situations" through its Repository for Individuals of Special Concern (RISC). But two new developments—both introduced with next to no media attention—will impact far more every-day Americans than anything the FBI has done on biometrics in the past.
Over 40,000 dollar stores now permeate the United States.

Japan's Abe Sees Fierce Backlash After Security Legislation
Japan's nationalist leader has rammed through legislation allowing the nation's troops to fight abroad, but analysts say fierce opposition at home and overseas could make it difficult actually to use the laws.
Gov't to revise SDF's rules of engagement in line with new laws
The government has started reviewing the Self-Defense Forces' rules of engagement after security bills enacted early Saturday will expand Japanese troops' role abroad, government sources said.
Okinawa to bring forward cancellation of land reclamation approval for U.S. base
Okinawa is likely to nullify the approval for Tokyo to reclaim land to build a U.S military base in the island prefecture by the end of September rather than the original plan of October, sources said.

## US ##
One reason that hasn't gotten much attention is the need for the Fed to keep rates low both for government debt and the corporations that now have $12.5 trillion in debt.
Between 2005 and 2015 virtually all household growth was driven by renter households.
75% in U.S. See Widespread Government Corruption (Gallup)
Three in four Americans (75%) last year perceived corruption as widespread in the country's government. This figure is up from two in three in 2007 (67%) and 2009 (66%).

## The candidates ##

And finally...

<< Home

This page is powered by Blogger. Isn't yours?