Sunday, October 25, 2015


News Links, October 26, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Government Debt in France and Italy Swells to Euro-Era Highs
Billions in Cheap Loans Show Why Brazil's Losing Inflation Fight
Canary On The Container Ship—Maersk Profit Warning Bodes Ill For World Trade
China Containerized Freight Index Collapses to Worst Level Ever
Draghi's Signal Adds $190 Billion to Negative-Yield Universe
German Deal Frenzy Driven By Scarcity Of Affordable Housing
Slumping Crude Will Send Norway To ZIRP As Economy Careens Toward Recession
The War on Cash
China Renews Commitment to Global Easing Party; US Tightening by Force
Amid Jerusalem Violence, Israel Trade Deficit Hits $462M: Report
IMF Prepared to Bless Yuan As Reserve Currency; Reason to Celebrate? Any Real Significance?
Danish Blues: Low Inflation, Low Interest Rates and a Housing Bubble (Just Like the USA)
Iron Ore Is Buckling Again as Supply Jumps, China Demand Sags
Why India is rolling out the red carpet for all 54 African countries
A lot of ink was spilled here, but it boils down to this: Resources and markets. -- RF

## Cut, baby, cut! ##
3M plans global job cuts
State Street to cut 600 jobs, including 170 in Boston
Oil service firms deepen job cuts
Government warned wave of solar job losses is in pipeline thanks to "crazy" subsidy cuts
Microsoft quietly ended another round of jobs, up to 1,000 this time
GM to cut 500 jobs, eliminate shift at small-car plant near Detroit

## Airline death spiral ##
American to launch bare-bones airfare in 2016 to rival Spirit
Struggling Malaysia Airlines Offers 50 Percent Discount
Airline Losses to Come Down 35% This Fiscal (India)
7 terrifying airplane seat patents
10 ridiculous stunts by passengers to avoid paying baggage fees, revealed by an airline
Air rage: Three Chinese passengers thrown off aircraft in Cambodia after scuffle broke out over plane seat
12 years after final Concorde flight, supersonic jets are making a comeback

## Fault lines/flashpoints/powder kegs/military/war drums ##
Unusual Level of Naval Power on Display the World Over
From the western Pacific to the Indian Ocean, from the Mediterranean to the eastern and northern Atlantic, all the way to Latin America, naval forces have undertaken an explosion of major exercises — many of them much larger than normal. Dozens of countries, thousands of military personnel and three US aircraft carriers have been taking part.
Russia, US, Turkey and Saudi fail to agree on Syria
Kerry sees new Syria talks next week, does not rule out Iran role
Air strikes in Syria kill 14 civilians: monitor
Russia Says Ready To Support Free Syrian Army With Airstrikes
Russian Islamic State Airstrikes In Iraq: ISIS OK For Russia To Target, Baghdad Says
Russia, Jordan agree on military coordination on Syria
Vladimir Putin accuses US of backing terrorism in Middle East
U.S., Saudi Arabia to bolster support for moderate Syrian opposition
Tony Blair apologises for Iraq War mistakes and accepts invasion had part to play in rise of Islamic State
UK Nuclear Deterrent To Cost $256 Billion, Far More Than Expected
Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power
French far-right Le Pen family set for regional power wins: poll
Israel's right-wing violence 'a cause' of Palestinian attacks, says IDF commander
Rebuffing Peace Chances in Syria
Official Washington's neocon-dominated "group think" on Syria is that everything is the fault of President Assad and Russian President Putin, but the actual history shows many missed opportunities for peace because of the U.S. obsession with dictating "regime change" in country after country.
Superyacht Getaway Subs And Luxury Bomb Shelters: The Elite Are The Most Paranoid Preppers Of All
Barcelona Threatens to Print Parrallel Currency, Madrid Seethes
South Korea Fires Warning Shots At North Patrol Boat Near Border

## Migrants/refugees ##
More than 50,000 migrants arrive in Greece in one week, the highest total of 2015
Hungarian Prime Minister Says Refugees Will Harm European Values
Race against winter increases pressure on desperate Syrians to reach Greece
EU Minisummit Seeks Unity In Balkans On Refugee Crisis
Refugees will freeze to death, warn EU head
Sweden's Migration Projection Doubles in Three Months (And It Won't Stop There); No Cash, Just Vouchers (Hah!)
Bulgaria, Romania, Serbia Ready to Close Borders for Migrants
"If We Don't Find A Solution Today, It's The End Of The European Union" - Refugee Crisis Hits Tipping Point

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters disrupt Trump speech in Miami
Rise Up October NYC Police Brutality Protest Results In Multiple Arrests: Report
Montenegrin police fire teargas to disperse opposition
Denver police arrest multiple Occupy protesters
9 injured in clashes outside Turkish Embassy in Tokyo

## Energy/resources ##
BP Sheds More Assets To Pay For Deepwater Horizon Disaster
U.S. Shale Drillers Running Out Of Options, Fast
Much has been made about the impressive gains in efficiency and productivity in the shale patch, as new drilling techniques squeeze ever more oil and gas out of new wells. But the limits to such an approach are becoming increasingly visible. The U.S. shale revolution is running out of steam.
U.S. oil drillers cut rigs for 8th week on low crude prices -Baker Hughes
EDF says may need partners for nuclear newbuild in France
Texas Oil And Gas Both Decline In August
Vale Earnings Slide as Metal Meltdown Blunts Cost Cutting
IEA report on benefits of coal is 'deeply misleading'
Moody's: Oil & Gas Not Making the Grade
Saudi Arabia Oil Monopoly: Could Russia and Iran End it?
Yieldco slump raises questions over future profits
A precipitous drop in share prices over the past three months is raising questions over the long-term viability of yieldcos as a way to raise capital for renewable energy infrastructure.
Rubber farming: Too much supply has tire makers worried
Natural-gas futures sink to a more than 3-year low, prices drop below production profit level
China's Yantai Xinchao To Buy US Oil Fields For $1.3 Billion
Nuclear plants dip into dismantling funds to pay for waste
With a federal promise to take highly radioactive spent fuel from nuclear plants still unfulfilled, closed reactors are dipping into funds set aside for their eventual dismantling to build waste storage on-site, raising questions about whether there will be enough money when the time comes.
As I've observed repeatedly, there will never, ever, be enough money for nuclear power plant decommissioning and waste treatment and storage. Much waste will go unguarded for lack of funds. See next item. -- RF
Since 1995, the IAEA's member States had reported nearly 2,800 incidents involving radioactive material escaping regulatory control.
With less and less money available to manage radioactive materials, such incidents are bound to increase. -- RF
Latest US nuclear plant has taken 42 years to come online
China to supply 1.3 million liters of gasoline to fuel-starved Nepal
Qatar Faces Limited Oil Growth, EIA

## Infrastructure scavenging ##
Metal thieves target the exhausts of Mercedes-Benz Sprinter vans
Catalytic converters are being stolen from cars across Amarillo

## Got food? ##
Cheese is addictive as drugs, study finds
Research by University of Michigan finds love of pizza is largely because of cheese addiction
Hunger looms over Ethiopia as El Nino drives drought
Bacon and other processed meats cause cancer, claims WHO report
Grub Kitchen: Welcome to Britain's first insect restaurant
Food Standards Australia and New Zealand's aboutface on nanoparticles in lollies and sauces

## Environment/health ##
Oil production possibly linked to Oklahoma quakes since 1930s: USGS
Toxins remain in clothes long after manufacturing
When researchers in Sweden tested dozens of garments from popular clothing lines, they found thousands of chemicals leftover from the manufacturing process.
Europe's top privacy watchdog calls on firms to curb U.S. data transfers
Europe's top data privacy watchdog called on firms to limit transfers of Europeans' personal data to the United States, sounding a warning after a court struck down a pact between the regions over concerns about U.S. government surveillance.

## Systemic breakdown/collapse/unsustainability ##
Maserati Recalls Some $141,500 Quattroportes Due to Risk of Fire
Inpex considers revival of abandoned Akita oil field
Resources developer Inpex Corp. will survey a long-closed oil field in Akita Prefecture to study the feasibility of resuming crude production via advanced technologies, its officials said.

## UK ##
Shelves could be empty this Christmas 'if 50k truckers aren't found'
Road Haulage Association says the industry is tens of thousands of drivers short of the number that is needed
Patients waiting more than 12 hours in A&E rise 10-fold in three years
Senior doctors reveal the number of patients waiting on trolleys has surged to an "unacceptable" level
Bay Area real estate mania inspires crap shack documentary.
Shale boom floods market with low-octane gasoline

## The candidates ##

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