Tuesday, September 29, 2015

 

News Links, September 30, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Saudi Arabia Withdraws Billions Of Dollars From Asset Managers To Cut Deficit From Falling Oil Prices
Having a little cash flow problem, are we? -- RF
This is When Bonds Go Kaboom! — The toxic miasma of "distressed debt."
Global Deflation—-More Evidence
China Industrial Profits Fall Most Since 2011 as Growth Ebbs
The Great Commodities Collapse: Oil, Copper and Glencore (And Yellen's Magical Thinking)
Glencore Drops to Record Low as Investec Sees Value Evaporating
Swiss Watchdog Opens Bank Probe Into Precious Metal Collusion
Russia's Sinking Ruble 2015: Mobile Phone Sales Drop Amid Uncertain Economy
Global Deflation Strikes Again – Cash Short Petro-States Pulling AUM From Big Equity Managers
Data: S&P 500 joins rest of world in correction
Corporate restructurings take the spotlight as commodity rout continues (Canada)
Glasenberg Loses $500 Million in One Day on Glencore Share Drop
Qatar Fund Loses $5.9 Billion on Holdings in VW, Glencore
Whipping on Wall Street: Dow falls more than 300 points, Nasdaq loses nearly 150
India's RBI Cuts Key Interest Rate, Surprises With Extent Of Cut; Markets Regain Some Ground
Market Rout, Volkswagen Fiasco, China Sink German IPOs
Is Glencore The Next Lehman? The World's Largest Commodities Trading Company Is Toast
Forget Glencore: This Is The Real "Systemic Risk" Among The Commodity Traders
BofA Issues Dramatic Junk Bond Meltdown Warning: This "Train Wreck Is Accelerating"
Traders Flee Emerging Markets at Fastest Pace Since 2008
Junk Bonds: The Next Big Bubble Ready to Burst
German Inflation Drops Below Zero in Euro-Area Price Alert
UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal
Not Enough Gold To Pay All Holders Of Gold Obligations
Glencore Could Trigger A Global Derivatives Nuclear Meltdown

## Cut, baby, cut! ##
BofA to cut 'a couple of hundred' jobs: WSJ
Hudson's Bay cutting 265 jobs, streamlining North American operations
Chesapeake Energy lays off 740 workers companywide
Shell Malaysia to Axe 1,300 Jobs by 2017

## Airline death spiral ##
Tangled web surrounds United's aborted Atlantic City routes
Ghost airport? $313 million Illinois airfield struggles to keep flights
United Airlines Faces Steep Ascent In Not-So-Friendly Skies
New Airline Seating Could Change the Way We Board Planes
Great Lakes Airlines sees financial trouble
Student loans could help avert U.S. airline pilot shortage: union head
The head of the world's largest pilots union urged the airline industry on Monday to find ways to alleviate the rising costs of aviators' schooling, saying a shortage of regional airline pilots looms in the United States.
Russia closes its airspace for Ukrainian airlines from October 25
Skymark launches new management team as it implements turnaround plan

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian Bear Supplants American Eagle in Syria, Beyond
Britain To Send Troops To Somalia For Training
Iran President Hassan Rouhani Blames U.S. For Spread of Mideast Terror
Iraq Switches Sides——Joins The Coalition Of The Un-Washington
Engineering Humans for War
Taliban breaches major Afghan city for first time since 2001 with assault on Kunduz
38 Dead After Saudi Arabia, Head of UN Human Rights Panel, Bombs Wedding in Yemen
This Happened In September: The UN Launched 'The Global Goals' – A Blueprint For A United World
Very little of this will be achieved. But they will try hard. -- RF
Air Force staging aircraft, personnel at Turkish base in Diyarbakir

## Migrants/refugees ##
Norwegian intelligence agency says arrival of refugees is increasing national security threat
German president warns of limits to number of refugees
At U.N., Hungary Defends Blocking Migrants, Says Fences Not 'For Fun'
The Latest: Hungary wants global refugee quotas

## Global unrest/mob rule/angry people/torches and pitchforks ##
Moldovan protesters call on government to resign
Beware the rise of radical Right as migrants arrive in Europe, says German spy chief

## Energy/resources ##
Shell to cease further exploration in Alaska
Royal Dutch Shell Plc said it would cease exploration activity in offshore Alaska for the "foreseeable future" and take a writedown of about $4.1 billion after failing to find enough oil in the region.
Germany Now Faced With Thousands Of Aging Wind Farms
However, the problem now is that a large number of the 25,000 odd turbines have become too old. Close to 7,000 of those turbines will complete more than 15 years of operation by next year. Although these turbines can continue running, with some minor repairs and modifications, the question is whether it makes any economic sense to maintain them?
Renewables were supposed to transport us into a New Age of plentiful, clean energy, and eliminate the need for fossil fuels, but the world is already littered with aging and end-of-life hardware. -- RF
How much mined material will we need to build a 100-per-cent renewable world?
These numbers are staggering. And as we've seen already, recycling of end-of-life hardware isn't as readily achieved as everyone believes. Further, there is the energy requirement for all of this, which perforce involves much fossil fuel use. My prediction stands: A renewable power system is unsustainable, and therefore cannot stave off the collapse of industrial civilization. -- RF
Oil prices fall on slowing global economic growth outlook
Oil's Hurting U.S. Power Generators, And They Don't Even Burn It
Pilgrim Nuclear Power Plant In Massachusetts May Close Down
With Shell's Failure, U.S. Arctic Drilling Is Dead
Citing 'Planet, Environment, and People,' Northern Ireland Erects Fracking Roadblock
India to pay $700 mln to Iran in outstanding oil dues this week
Iraq's Oil Production Seen at Risk by Barclays as Winter Nears
Why India will not meet its nuclear energy ambition
Reasons include the uncertainty around India's liability clause, financial woes of reactor suppliers and increased cost of nuclear energy
The fantasy of cheap, safe nuclear energy
Brazil's Eletrobras suspends contract with builder of nuclear plant
Will Renewables Replace Fossil Fuels?
Major companies join alliance seeking 100 percent green electricity
Kazakhstan: No changes on Kashagan
Morgan Stanley: Buy energy call is a 'nightmare'
Chesapeake Energy cuts 15% of workforce on oil slump
Midweek Sector Update: Even The Majors Are Getting Crushed In This Market
Oil Debt Bubble Facing Total Collapse
Rescue Funding Could Fall Flat For Companies Needing A Life Vest

## Got food? ##
US Farm Economy: How Globalization Soured Milk Market For American Dairy Farmers
And recall what happened to New Zealand. -- RF

## Lifestyle solutions ##
Dressing for Comfort in a Minimally-Heated Residence
Banned Books Week 2015 : Celebrate Reading Freedom With These Challenged Novels

## Environment/health ##
It's a new TV season — but here's why you might want to look away
Your TV habit might be killing you. A growing body of evidence links not just sitting in general but TV viewing in particular with all sorts of health problems. Those include obesity, Type 2 diabetes, heart disease and, yes, premature death.
Stewards of the earth: a role for humankind
Six Major US Banks Urge Global Leaders To Adopt Climate Change Agreement
Farmworkers And Pesticides: Workers Under 18 To Be Barred From Handling Pest-Killing Chemicals: New EPA Rules
More Evidence Chemicals Linked to Obesity and Diabetes, Group Says
Evidence is starting to tie hormone-disrupting chemicals to obesity and diabetes, experts said Monday, adding that regulators and researchers need to take steps to reduce human exposure to them.
New Zealand to create giant South Pacific sanctuary, banning fishing and mining
7 More People Sick with Legionnaires' Disease in NYC
In a prolonged drought, large trees are the first to go
The Worst Nuclear Disaster in US History That You've Never Heard About

## Intelligence/security/internet/cyberwar ##
Facebook crashes for third time in less than two weeks
17.6M in US Experienced Identity Theft In 2014
The Next Coming Commodity Failure: Social Media
The Big Secret That Makes the FBI's Anti-Encryption Campaign a Big Lie
Hilton Investigating Report of Breaches Across the Hotel Chain
Junta mulls 'Great Firewall' for Thailand
Tech Company Censorship – Apple Bans App Cataloguing Every U.S. Drone Strike; Facebook Blocks Ad for "Negativity"

## Propaganda ##
The Power of False Narrative
"Strategic communications" or Stratcom, a propaganda/psy-op technique that treats information as a "soft power" weapon to wield against adversaries, is a new catch phrase in an Official Washington obsessed with the clout that comes from spinning false narratives.

## Systemic breakdown/collapse/unsustainability ##
Two-Tiered Justice: How DEA Agents Commit Egregious Acts with Zero Accountability
Nine charts that spell "collapse." -- RF
South Africa 'a country at war' as murder rate soars to nearly 49 a day

## Japan ##
Tokyo cops arrest man for adding Hitler moustaches to Abe posters
It won't make any difference. -- RF
Another chapter in the international story of disappearing pensions. -- RF

## China ##
China August industrial profits fall 8.8% y-o-y

## UK ##
David Cameron: UK troops to go to Africa to help counter extremists
Up to 300 soldiers will be deployed in South Sudan as part of a peace-keeping mission while a further 70 will be sent to Somalia to support attempts to defeat the terrorist group Al-Shabab.

## US ##
A "reinterpretation" of Amendment 4 of the US constitution. -- RF
Slash, baby, slash! -- RF

## The Candidates ##




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