Sunday, September 06, 2015


News Links, September 7, 2015

## Global Ponzi meltdown/House of Cards ##
German factory orders drop in July
Stock Market Crash 2015: The Dow Has Already Plummeted 2200 Points From The Peak
What's Coming Unglued Now in Canada?
Brilliantly Timed Oil Reforms Push Mexico into Fiscal Meltdown
Korea Joins China's Deflation Convoy——Exports Plunge 14.7% In August
Falling Currencies Raise Debt-Service Fears Across Africa
Thousands of Australians Now Use Beer as Currency
Not Even 'Scissorhands' Can Cut Brazil Out of Its Fiscal Trap
Key measure of Australia's wellbeing has been stagnant for two years
G20 Nations, Including China, Agree To Swear Off Currency Devaluations
PBOC Chief Admits China Bubble Has Burst
Puerto Rico skips $1.4 mln Sept. 1 payment
G20 eyes faster economic reforms as cheap credit not enough for growth
No matter what they do, it won't be enough. Because growth is dead. -- RF
Forex reserves unwind could reverse bond supercycle
China's summer shock may mark the end of an era of globalization that helped define world markets for more than a decade.
Toronto Throws Out 880,000 Unpaid Parking Tickets Because Of Slow Court Processing
Toronto drivers who haven't paid their parking tickets may be in for a reprieve. The city has thrown out 880,000 unpaid tickets because it would cost too much to send through the courts.
Brazil needs temporary tax hike, Rousseff's chief of staff says
Saudi Arabia to cut spending after oil price decline
The Margin Debt Time-Bomb
Gold Keeps Its Gleam Long After The Last Gold Standard
The War on Cash Hates Gold: "Experts" Forget Gold Has Outperformed Stocks For 40+ Years
The Emerging Market Heat Map Is Flashing Red; Here's Who's In Trouble

## Airline death spiral ##
Largest Airline Caterer to Fire 300 Workers as In-Flight Trends Trigger Wider Loss
Key revenue measure still falling at Delta Air Lines; fare wars taking a toll?
TSA's 'Airport of the Future' Will Use Biometrics, Risk-Based Screening
Federal Air Marshals Say They Were Made To Carry Dubious Guns, Putting Public in Danger
As airlines tackle a weighty issue, could your size really keep you off a flight?
Passenger 'deliberately starts fires' on flight from Birmingham to Egypt
Frequent flying seems glamorous, but it comes with serious health risks
Airport agony: Hong Kong carriers among world's worst for delayed departures
California man charged with pointing laser into airplane cockpits
Drones sighted near N.C. airports
Gatwick BA cabin crew face big pay cuts or redundancy

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran submits peace plan to Syria's Assad: official
Vladimir Putin confirms Russian military involvement in Syria's civil war
US Concern Over Russian Military Buildup In Syria
And I'm sure there is Russian concern about the global US military presence. -- RF
Report: France Mulls Joining Syria Airstrikes On IS
Iraq Puts New F-16s Into Action Against Islamic State
In Bed with the Reactionary Saudis
The U.S.-Saudi alliance is no longer just an anachronism. It has become a dangerous anachronism with the Saudis implicating the United States in their brutal sectarian conflicts, such as the wars in Yemen and Syria, and in their reactionary human rights policies.
Muslim Memories of West's Imperialism
American politicians know little about history, so they lash out at people from formerly colonized Third World nations without understanding the scars that the West's repression and brutality have left on these societies, especially in the Muslim world.

## Migrants/refugees ##
Italy revives border checks
Italy has temporarily reinstated border patrols at the frontier with Austria. The move follows an appeal from the southern German state of Bavaria.

## Global unrest/mob rule/angry people/torches and pitchforks ##
'People in Europe are full of fear' over refugee influx
Riot police clash with refugees in Lesbos
More than 20 dead in Tajikistan unrest
In EU and US, virulent immigration debate strains solidarity

## Energy/resources ##
China's Economic Slowdown: We May Have Seen Peak Coal
We're wary that some of the older platforms, if they are shut down for any length of time because of strike action, might not be recoverable. We might not manage to get them back so the jobs that go with them would be lost.
The crown corporation says 710,000 or 50 per cent of its 1.4 million customers on Vancouver Island and the Lower Mainland lost power due to Saturday's windstorm. That makes it the single largest outage event in BC Hydro's history.
The "green revolution" was always more about fossil fuels than anything else. -- RF

## Systemic breakdown/collapse/unsustainability ##
Rio attempts to tackle widespread homelessness ahead of Olympics
Air force sends out an SOS to SAA
The South Africa Air Force (SAAF) has such a critical shortage of pilots that they now want to "borrow" pilots from South African Airways to fulfil their defence obligations.

Japan's medical spending to top ¥40 trillion in fiscal 2014
Japan's medical expenses in the year to March 2015 are certain to hit a new high above ¥40 trillion ($332 billion) on the back of the nation's graying population, health ministry data showed Thursday.

China has created a monster it can't control
Beijing is desperate for further growth – but that would involve loosening the power of the state
Why I Don't Believe Chinese GDP Data
Even the Premier doesn't believe it

## UK ##
Every worker wanting to join a strike picket could be forced to identify themselves to police, carry a letter of authorisation and wear an armband, under proposed reforms to trade union laws that could be in breach of international agreements, human rights groups have warned.
NHS cuts to drugs fund means thousands of cancer patients in England will be denied life-extending treatments

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