Thursday, October 22, 2015


News Links, October 23, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Subdued newbuilding activity the norm; Focus remains on tankers
As China weakens, recession stalks North Asia
Eurozone current-account surplus narrows from €25.6 billion in July to €17.7 billion in August
Hedge Fund Assets Drop In Q3, More Than Any Period Since 2008
'Urgency' for oil exporters to adjust spending: IMF
Oil-Rich Saudi Arabia Running Out Of Assets? IMF Report Says It's Possible In Next 5 Years
Oil-rich Saudi Arabia could potentially run out the assets it needs to support spending if its government sticks with current policies, the International Monetary Fund said in a report released Wednesday. Gulf states have been hit hard with the plunge in oil prices and conflicts causing regional instability, prompting governments to evaluate their spending.
The Warmer It Gets, the More the World Economy Suffers: Study
Citi Expects Imminent Easing From Central Banks Of China, Australia, Japan And Europe
If Caterpillar's Data Is Right, This Is A Global Industrial Depression
Caterpillar forecasts lower profit, sales in 2016
Glencore, the Canary in the Coalmine?
Zero Percent Inflation: Next Up, Deflation
Hyundai Motor quarter-three net profit slides 23 percent, missing estimates
Europe's glory days at an end, warns Juncker
The European Union faces an age of comparative economic decline, while the 'love' affair' of integration is at risk, says Jean-Claude Juncker in downbeat assessment of Europe's future
As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness
Home Prices Dive as Australian Mining Towns Go From Boom to Bust
Leading Economic Indicators in U.S. Fall by Most in Seven Months
Everything's Deflating And Nobody Seems To Notice
China Slowdown Sees Investment In Africa Plummet 84%

## Cut, baby, cut! ##
Biogen to cut 11 percent of staff, cancel some drug programs; stock jumps
TransCanada to cut more management jobs
New Credit Suisse CEO announces 5,000 job cuts
ESPN begins layoffs of nearly 300 employees amid declining cable subscribers
Samsung May Lay Off Staff In India In Cost-Cutting Effort: Report
Deutsche Bank May Slash Bonuses by Almost One-Third
Oilfield Services Provider Weatherford Plans 3,000 Additional Job Cuts

## Airline death spiral ##
Kuwait Airways expects to make profit by 2018
Cathay Pacific to discontinue Doha service 'for commercial reasons'
Don't forget your tablet: it's the end of inflight movies
Residents say Honolulu Airport maintenance issues a concern
Backlogged repairs and sub-par interiors at Honolulu International Airport are irking some residents and visitors.
San Jose to Dallas flight diverted due to disruptive passenger
Drunk passenger delays flight for 11 hours after 'stripping off and asking stewardess for sex' on flight from Dublin to Turkey
Passenger tried to choke woman who reclined seat on flight
A Southwest Airlines flight heading to San Francisco global Airport returned to Los Angeles worldwide Airport after a fight between two passengers broke out Sunday night, according to a Southwest spokeswoman.
Cardiff man jailed for shining laser pen at planes

## Fault lines/flashpoints/powder kegs/military/war drums ##
Canada Plans To Withdraw Fighter Jets From Syria And Iraq: Report
Russian ISIS Airstrikes In Iraq Are Possible Ahead Of Baghdad Parliament Islamic Vote To Use Force Against Islamic State, Official Says
Who Really Controls Iraq? Inside Iran's Powerful Proxy Armies
Syria crisis: US attacks Moscow welcome for Assad
Recall that the US welcomed Saudi Arabia's King Salman with open arms just last month. -- RF
US Tells Iraq to Choose Between Them and Russia in ISIS War
Ruling Party, Militias Urge PM to Ask Russia for Help
Qatar says could intervene militarily in Syria but prefers political solution
The Stealth Expansion of a Secret U.S. Drone Base in Africa
Does Russia Have War Bots in Space?
In Midst of War, US Approves $11 Billion in Combat Ships to Saudi Arabia
2 USAF Predator Drones Crash In Turkey
China Warns Of 'Decisive Response' If US Vessels Sail Close To Disputed Islands In South China Sea
Kerry Announces New Push for Nuclear Test Ban
In a surprise move, US Secretary of State John Kerry today announced a new push to get the Senate to ratify the Comprehensive Nuclear-Test-Ban Treaty.
Protection Vessels International: Weekly Piracy Review
Iran's Khamenei conditionally approves nuclear deal with powers
Russia Kills Children, Women In Syrian Airstrikes, Activists Report
US Navy Tours Chinese Aircraft Carrier Liaoning Amid South China Sea Tensions
Amid Iran Sanctions Being Lifted, Updating Defense With Weapons From China and Russia Are a Priority For Tehran
Rousseff Impeachment Bid Filed as Crisis Hits New Stage
Pakistan to tell U.S. it won't accept limits on tactical nuclear arms
No sanctions? -- RF
New evictions of Arab families part of battle for Jerusalem
Ukraine to receive U.S. radars by mid-November
Iceland sentences 26 bankers to a combined 74 years in prison
Japan, China, South Korea to reinstate annual high-level meetings
White House warns Netanyahu 'infammatory rhetoric' must stop

## Migrants/refugees ##
'There's no future for Rohingya in Burma': new wave of 'boat people' prepares to risk all to flee
'Let us go!' Migrants ford icy river, burn tents in Slovenia
Merkel Seeks to "Europeanise" Border Controls; Emergency EU Meeting Called
Slovenia asks for EU police help to regulate migrant flow
Sweden expects 190,000 asylum seekers in 2015

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Immigration Violence Surges In Germany, Government Responds
Sikh Lives Matter protest: One police officer injured after peaceful protest turns violent
South African police fire stun grenades as students march on parliament
German authorities expect more racist violence

## Energy/resources ##
U.S. oil output slide looms as shale firms hit productivity wall
Shale bust: Jim Chanos Nails the Link Between Debt and Energy
The bears are back in town: Takeaways from London Metal Exchange week
Who on Wall Street is Now Eating the Oil & Gas Losses?
On the crazy money game behind the "shale revolution." -- RF
US shale producers have $150bn in debt – Rosneft CEO
Saudi Arabia Oil Update 2015: Russia Beats OPEC Giant In Crude Sales To China
World Bank outlook pushes oil lower
Lonmin: It's bad
Job cuts fuel security fears at nuclear plants
A sneak peek at the carnage about to unfold at nuclear power plants around the world. -- RF
Why We Need a Speed Limit for the Internet
Worse Than Fossil Fuels? Why Bioenergy Is Not Green
Weekly US coal carloads fall below 100,000 for 17th time this year: AAR

## Got food? ##
New database tracks large farmland deals in bid to boost transparency
Why some young American farmers want their student loans forgiven
Food banks have become a lifeline for many, but where is the way out? (UK)

## Lifestyle solutions ##
If you want to spend less, stick with cash
Buying begets buying: how stuff has consumed the average American's life
Our addiction to consuming things is a vicious cycle, and buying a bigger house to store it all isn't the answer. Here's how to get started on downsizing

## Environment/health ##
Drug Firms Stave Off Generics, Costing Consumers Billions, Critics Say
Oklahoma cracks down more on disposal wells after Cushing quakes
Fracking can cause nearby abandoned wells to leak methane: study
Russia Helps Fight Indonesian Haze With Water-Bombing Planes As Smoke Reaches Philippines
September Was the Most Extreme Month in 136 Years of Heat Records
NASA to Los Angeles: Get ready for 5.0 quake
'Worst haze in a decade' blankets southern Thailand

## Intelligence/security/internet/cyberwar ##
Yahoo's business now worth less than nothing
Medical Websites Targeted By 26% Of All Malware In 2015, Digital Assault On Healthcare Ramps Up
WikiLeaks posts files supposedly taken from CIA chief's private email server
Vietnam sets up its own Facebook page to reach its young
Leaked E-Mail: CIA Director Says US Screwed Up On Iran After 9/11

## Propaganda ##
EPP leaders: populism a 'cancer' spreading across Europe

## Systemic breakdown/collapse/unsustainability ##
Toyota recalling 7.4 million cars for melting power window switch
GM's Vauxhall may need to recall Zafira cars after fires reported
Mazda recalling 4.9M vehicles to fix ignition switches
20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong
"Bank Failures and Systemic Breakdowns": Regulator Warns on Autos, Subprime, Commercial Real-Estate…
The Real Trouble Begins When Rising Inequality Splinters the Elites

## Japan ##
Japan export growth slows sharply, raising fears of recession
Kuroda's Rebuke Came Awfully Swift
Finance Ministry eyes cutting financial support for entertainment facilities at U.S. bases
Over 20% of Japanese Companies Open to Employing 70-Year-Olds
Town mayor OKs restarting reactor in Shikoku
A town mayor in western Japan gave approval Thursday to restart a nuclear reactor there, bringing closer the resumption of the third reactor in Japan under tougher safety rules introduced after the 2011 Fukushima disaster.
China expresses concerns about Japan's potential for building '1,350 nuke warheads'

## China ##
China 2016 coal imports could fall a further 25 million tonnes
China Bordeaux Futures: The End Of The Party
China's One-Child Policy May Be Replaced With 'Two-Child' Law, After 35 Years
Baidu confirms hiring freeze
China's leading internet search provider Baidu has confirmed it is planning a hiring freeze, making it the second major internet company in the country to change its personnel policy, according to Shanghai's China Business News.
Xi says China has reduced iron and steel capacity
China Steel Output May Collapse 20%, Baosteel Chairman Says
Chinese Diplomats Shot Dead in Gun Attack in Philippines
Beijing must grudgingly let US ships pass unmolested: Mingjing
Honda delays plans for $822 million China plant on slower demand: Bloomberg
China says outflows normal, no panic capital flight

## UK ##
UK Goes Full Orwell: Government To Take Children Away From Parents If They Might Become Radicalized
Pension funds are the new banks – Towers Watson
Surge in cases of deadly but preventable diseases among elderly
Age UK study warns ageing population, care cuts and NHS pressures creating 'destructive vicious circle' as one million are left to fend for themselves
Xi inks nuclear power deal as UK seeks Chinese investment
New laws to allow spies to hack into smartphones and computers 'to be introduced in the coming weeks'
West End power cut: Shows cancelled and restaurants closed as Soho and Chinatown hit by outage
London homeless removals stretching neighbouring towns
Two thirds of antibiotics are needlessly prescribed, a report warns
North Lanarkshire Council proposing to axe 1,095 posts

## US ##
US Economy Faltering———More Ominous Data Points
The two income trap and the myth of high American wages: 50 percent of wage earners had net compensation of $28,851 or less.
USGS ties quakes to Oklahoma oil production
Millennials face 'Great Depression' in retirement: Blackstone COO
Googlers living at Google: Tiny spaces, probably no sex
Here Are Three Observations on Housing That Show There's No Way Out
How The White House And Paul Ryan Are Making Sure Forced Labor Remains Part Of Their Trade Deal
A Lot of Cheap Housing Is About to Get Very Expensive
Chart of the day: Children, America's poorest
Albuquerque road rage: Man confesses to killing 4-year-old, police say
Puerto Rico Debt Crisis 2015: Obama Administration Presses Congress to Aid Struggling Island
LA considers $1 billion 'toilet to tap' water program
Confusions, Delusions And Illusions—–62% Of Americans Have Less Than $1,000 Of Savings
Presenting America's New Debt Ceiling: $19,600,000,000,000
Today's college graduates might not retire till age 75

## The candidates ##
Sorry, "Feel the Bern" Fans: President Sanders Won't Change Anything
Fans of Obama learned the hard way that hope and change are quietly dumped the moment you enter the Imperial Presidency.
As I've observed in the past, the general program is mapped out by those who actually run the country, and even presidents must toe the line just like anyone else. So much for change. -- RF
Joe says no: Biden won't run, a boost for Clinton
Analysis: Donald Trump talks to voters at a fourth-grade level
America gets the dumbed-down politics it so richly deserves. -- RF
Donald Trump Muslim Attacks: 2016 Candidate Vows To Close Mosques; Remarks Condemned By US Islamic Civil Rights Group
Is this the most 'vicious' thing Donald Trump ever did in business?
Secrecy and Hillary Clinton

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