Tuesday, September 08, 2015


News Links, September 9, 2015

## Global Ponzi meltdown/House of Cards ##
Global cooling: Global Economic Growth 2015: US, UK, China Slowdown Expected, OECD Says
German finance minister says central banks powerless in face of too much debt
Deflationary Implosions South Of The Border——-Mexico And Brazil Hit The Skids
China's Currency Stash Drops by $94 Billion After Devaluation
Majority of Greeks Now Say Euro Has Harmed Greece
The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month
Investors Get Jittery As Spain Enters Whole New World of Pain
Record shattering 94 Million Americans not in the labor force: The army of non-working Americans continues to grow.
Chart Of The Day: Distribution Of $12.5 Trillion Global Stock Market Loss Since June 14
Indonesian Rupiah Rout Swells Cost of $304 Billion Foreign Debt
Tianjin Explosions to Affect Supply Chains for Months, Report Finds
Africa feels end of China-led boom
Malaysia's government-led growth strategy beginning to flounder
When "Virtuous Debt" Turns Ferociously Vicious: The Mother Of All Corporate Margin Calls On Deck
World's top 300 pension funds see assets pass $15 trillion: study
Petrostate Cash Crunch Continues Amid Oil Collapse, Proxy Wars
Where the elderly are still working, whether by choice or necessity
Asia's slowing economies and oversupply weigh on oil markets
What a Million Dollars Buys in Australia's Housing Market
Ukraine conflict: France hopes to end Russia sanctions
Fitch: Downgrade risk for South Africa's sovereign rating is increasing
Dow jumps 390 points in second-biggest gain of 2015
Capital Controls Have Arrived In Puerto Rico – PAYPAL PULLS OUT OF PUERTO RICO
World's Top Gold Consumers Keep on Buying
Fitch: Downgrade risk for South Africa's sovereign rating is increasing

## Airline death spiral ##
Lufthansa cancels half of German long-haul flights over strike
This will be the 13th strike in 18 months as Vereinigung Cockpit's dispute over pay, retirement benefits and cost cuts continues.
IATA reports drop in air cargo demand
Nippon Cargo Airlines drops four B747-8 freighter orders
40 passengers have flights cancelled after morning of 'chaos' at East Midlands Airport
Airlines go slow on aircraft tracking
Carlsbad-based Biz Air stops flying, ceases operation
Scots flight diverts after passengers threaten cabin crew
Petition calls for airline seat standards to end the cabin crush

## Fault lines/flashpoints/powder kegs/military/war drums ##
Pakistan deploys first homemade drones, kills three
Reports: Gulf States Send More Troops To Yemen
Turkish Bases Becoming Hubs in Anti-ISIS Campaign
Russia says its arms deliveries to Syria aimed at fighting terrorism: RIA Novosti
In Major Escalation, Washington Demands Greece Blocks Its Airspace For Russian Flights To Syria
France to begin Syria reconnaissance flights, mulls air strikes
Powder Kegs Exploding: Violence Escalates In Turkey, Yemen As Mid-East Tips Towards Chaos
How Neocons Destabilized Europe
The neocon prescription of endless "regime change" is spreading chaos across the Middle East and now into Europe, yet the neocons still control the mainstream U.S. narrative and thus have diagnosed the problem as not enough "regime change."
Israel Plans to Demolish Up to 17,000 Palestinian Structures in West Bank, U.N. Says
Kenya plans offensive against Islamist militants in coastal forest
West Uses European Union As 'Carrot' For Ukraine; Russian Speaker Says Ukraine Won't Become EU Member In Near Future
F-35 In Italy: First Flight Outside US For Lockheed Martin's $1.5 Trillion Joint Strike Fighter Aircraft
Afghanistan officials say 11 police killed by US 'friendly fire' airstrike
Philippines and Vietnam set to team up on South China Sea
PLA conducts first joint naval drills with Egypt
Kurdish General: ISIS Turning Seized US Vehicles Into Bombs

## Migrants/refugees ##
Britain to accept 20,000 Syrian refugees; Germany slots $6.7B for migrants
Swamped By New Wave Of Refugees, Germany Warns EU Partners
Israel Invests Billions in Border Barricades
Hundreds break past police near Hungary border, march north
EU Prepares Plan to Relocate 120,000 Refugees
Asylum's Dark Side: The Deadly Business of Human Smuggling
German government sets aside €6 billion to tackle refugee crisis
Refugee Crisis: Where Are All These People Coming from and Why?
Greece Picks up Nearly 500 Migrants Overnight
Afghans Recount How They Were Smuggled to Germany
UN warns Hungary it faces a wave of 42,000 more migrants

## Global unrest/mob rule/angry people/torches and pitchforks ##
Blaze At Refugee Shelter In Germany Injures 5 People: Police

## Energy/resources ##
North Sea loses 5,500 jobs in oil market downturn - regulator
Swiss raw material producer Glencore seeks to cut debt
Raw material producer and trader Glencore, aims to cut a $30 billion debt by a third by selling assets and new shares.
US drillers about to start hemorrhaging: Schork
U.S. oil exploration and production companies have been living on the Federal Reserve's easy money throughout the sharp downturn in crude prices, but their credit supply is about to run dry.
To some extent, lower costs compensate for the lower price of oil but none of the tight oil companies evaluated in this study are profitable in the $44-52 per barrel range of reported realized oil prices. They are all losing money.
These Two Major Miners Are Giving Up On The Markets
How long will it take before metals prices start to rebound? No one knows for sure -- but one of the indicators to watch is when the world's biggest mines begin to shut down because of poor economics.
Poland approves plan for fund to support troubled miner
This one involves the theft of both cables and electric power. -- RF
Bayer issues fungicide warning for wine grape growers, pending crop investigation
Germany's Bayer has advised wine grape growers not to use its Moon Privilege fungicide until its CropScience arm has investigated whether there is a connection between the product's use and reported crop damage.

## Environment/health ##
The family was told it was safe to return to their home two days later, on August 16. By that evening, everyone, including the parents, Lori and Carl McCaughey, 10-year-old Peyton, and their seven-year-old daughter were sick and vomiting.
Israeli Prime Minister Netanyahu to amend public broadcast 'handcuff' law
Israeli Prime Minister Benjamin Netanyahu is working to correct a newly passed public broadcasting law, officials said, after an outcry over a provision prohibiting journalists from expressing their opinion.
I would be surprised if the government of a major country did not try to control information and public opinion through propaganda and other means. So despite the opinions of those who feel this is Russia-bashing, it's a realistic look at how the world works. What I found most interesting is that Russia's system resembles that of the US. As long as the vast majority of a population gets its news and views from government-controlled/approved media, it doesn't matter if alternative media (like The Intercept) are publishing. -- RF
Fox News Reaches New Heights of Panic That 7th Graders Are Being Converted to Islam

## Systemic breakdown/collapse/unsustainability ##
These photos show why you never want your city to host the Olympics
"Years to collapse"! -- RF

## Japan ##

## China ##
UK GAS-LNG terminals and storage left to fill Norwegian supply gap
British wholesale natural gas prices rose on Monday after sharp reductions in Norwegian supplies led to shortages, requiring large withdrawals from stored reserves to plug gaps.
Government has 'scrapped' plans to restore weekly rubbish collections
More older people may have resort to expensive "lifetime" mortgages to fund their retirements because so many have tied up their wealth in property, the financial watchdog has said.
British Navy Admits "It Was Us, Not The Russians" That Damaged Irish Trawler In April

## US ##
Gunman walks up to Las Vegas cops, starts shooting into car
Chicago mayor to introduce late fine amnesty program
So much for the "ownership society"! -- RF
Revenue Recession Spreads past Dollar, Energy
Now that 495 of the S&P 500 companies have reported second quarter earnings, something has become abundantly clear: 2015 is going to be a nasty year for corporate revenues.
Why the Market Could Soar From Here
Does the Fed really have a choice, given that the game is now for all the marbles?
Canary In The Atrium——-Costs Of Skyscraper Glass Hits Dizzying Heights
A shortage of glass is taking a toll on the nation's commercial building boom, adding millions of dollars to the cost of new skyscrapers and halting some projects midway through construction.

And finally...
Ambitious young men of the future: Russian five-year-olds dig their way out of nursery to buy sports car

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