Thursday, October 29, 2015

 

News Links, October 30, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Hitachi Construction Slumps as Demand Slowdown Spreads Globally
Hitachi Construction Machinery Co., Asia's second-biggest maker of building equipment, cut its sales and profit targets for the year as a slowdown in demand in China extends to the developed world. Its shares fell the most in a month.
China steel industry expected to be forced into deeper output cuts
Iron Ore Sinks Below $50 as China Demand Sags, Supply Jumps
Update On The Housing Bubble Down Under–Australian Household Debt at 134% Of GDP Now Highest In DM World
Mind The 18-Wheelers–Cummins Engine Shares Plunge On Warning
Bombardier a symbol Canada can't keep bailing out
Russia's Putin urges wider rouble usage in oil deals
Deutsche Bank eliminates dividend
Norway's Sovereign Wealth Fund, World's Largest, Has Worst Quarter In 4 Years After Losing 21% On Chinese Stocks
Samsung Cuts Q4 Profit Forecast, Announces Share Buyback
TPP: Global Corporatocracy's Unborn Baby Just Got A Lot Bigger
North Korea's black market becoming the new normal
Hershey sees squeeze from growing U.S. income gap
Barbarous relic: As risks, uncertainty grow, so does reliance on gold
Whether they are stockpiling it for a rainy day or selling it to raise some quick cash, emerging countries are relying more and more heavily on gold.
China Abolishes One-Child Policy, But Will Families Take Advantage Of The Change Amid Economic Slowdown?
Angela Merkel China Visit: German Leader's 2-Day Trip Aimed At Bolstering Trade Ties
Global Property Bubble Set To Burst – UBS and Deutsche Warn
BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds

## Cashless society ##
People are hiding cash in their microwaves as Sweden gets closer to being the first cashless society with negative interest rates
Barcelona Officials Plan Alternative Currency
RushCard's glitch puts prepaid cards in spotlight
JPMorgan's Answer to Apple Pay and Other Mobile Wallet Apps: Chase Pay
Moving Toward a Cashless Economy

## Cut, baby, cut! ##
Engine maker Cummins to cut 2,000 jobs
Devon Energy Cuts 15% Of Staff In Canada
Meggitt Drops Most in 23 Years as Profit Slump to Hit Jobs
Meggitt Plc fell the most in two decades after the U.K. supplier of aircraft wheels and brakes said full-year earnings will fall short of forecasts following a "marked deterioration" in demand, causing it to seek 300 job cuts.
Verizon to Reduce Number of Regional Offices, Cut Jobs
Baxter to cut 1,400 jobs worldwide to boost profits
BP warns of further job cuts as profits fall 40%

## Airline death spiral ##
Family of 9 on Vacation Kicked off Plane, Claims They Were Called Animals
Lower fares please consumers, but worry investors
FAA Zeros In on Unsecured Tail Bolts; Risk Is Catastrophic
Laser Light Shone at American Airlines Pilot Landing at San Diego
Delta, claiming unfair competition, to scrap Atlanta-Dubai service
Is American Airlines' dip into bargain basement pricing a smart strategy?
American Airlines flight diverted after passenger's 'alarming' 9-11 speech
Plane catches fire on runway at Florida airport, 14 reportedly injured

## Fault lines/flashpoints/powder kegs/military/war drums ##
US to sail again near islands built by China
As China Warns Of War With US Over South China Sea, Australia Debate Naval Patrols In Support Of Freedom Of Navigation
Australia To Join Chinese Navy Exercises In South China Sea
U.S., Chinese navies agree to maintain dialogue to avoid clashes
Chinese vessels could ram US warships in S China Sea: Sina
Arch-rivals Saudi Arabia, Iran to discuss Syria face-to-face for first time
Breakthrough? Iran Accepts Invite for Syria Peace Talks with US, Russia
Russian bombers buzz carrier Reagan amid exercise
Russian Forces Strike Syria's Southern Rebels In Preparation For Pro-Regime Ground Offensive
Iraq To Washington: "We Don't Need Your Help Fighting Terrorism"
Brawls Erupt As Turkish Police Storm Media Group Linked To Erdogan Foe
U.S. Navy plans to launch drone submarine squadron by 2020
Jordan Moves Closer To Russia
Thailand Leader Prayut Says He May Stay In Power If Protests Disrupt Return To Democracy
Italian Mafia In Rome: City Can No Longer Fight The Mob, Italy Anti-Corruption Leader Claims
South China Sea Conflict Update 2015: Hague Agrees To Hear Claims From Philippines Over Disputed Territory
Two Palestinians shot dead after attacks on Israeli soldiers: security forces
"Desperate" Gazans face second winter in tents, animal shelters - UNRWA

## Migrants/refugees ##
Several Migrant Children Among Dozens Feared Dead Off Greece Coast
Hundreds of Refugees Vanish Without a Trace in Germany
Roughly seven hundred of 4,000 asylum-seekers who had been initially accommodated in the German state of Lower Saxony have mysteriously disappeared, and because of administrative breakdowns, local authorities are clueless about who and where they are.
Germany says Austrian handling of refugees 'out of order'
German government accuses Austria of driving refugees to the border after dark so they can cross into Germany
The Latest: Austrian chancellor avoids word "fence"
Austria Runs Out Of 'Long Guns' As Europeans Scramble For Protection Against "Islamic Invasion"
Austrians snapping up shotguns as thousands of Mideast refugees enter country
This Map Shows How Large Europe's Refugee Crisis Really Is
Bike shortage stems flow of migrants using Arctic route to Europe
This Is What The "Invasion Of Europe" Looks Like
Refugee applications in 2015 shatter annual mark by mid-October (Japan)

## Global unrest/mob rule/angry people/torches and pitchforks ##
Japanese Protesters Dragged Away As Work Resumes At US Airbase

## Energy/resources ##
Pouring oil on troubled waters: 'Surplus until 2017'
Petrobras Sells Stake In Gas Unit To Reduce Debt
NatGas Glut Mirrors The Problems Facing Oil Markets
U.S. Shale Lifelines Running Thin
Are the Fracking Vampires Going Bust?
Is it the Beginning of the End for the Alberta Oilsands?
Shell's Scrapped Oil Sands Project Highlights Major Issue For Canada
Death Watch in the Oil Patch
Australia could store nuclear waste for other countries, Malcolm Turnbull says
Moscow And Ankara Fall Out Over Syria, Gas Deals Now In Question
The Gasoline-Powered Car Could Be Gone By 2050
It's quite possible... but not in the way they think. -- RF
Shell's profits hit by big Arctic, Canadian write-offs
Oil Majors' Earnings Highlight Wider Industry Woes
How Long Can OPEC Hold Out?
Conoco posts quarterly loss, cuts 2015 spending target
Germany pays the price for switching off nuclear power
China's Nuclear Energy Boom Threatens Global Catastrophe. Coastal Array of 300 Nuclear Reactors Vulnerable to Earthquakes and Tsunamis
Marathon Oil Is First Major Shale Producer to Cut Dividend
Oil Companies Curtail Spending on Everything - Except Dividends
Oil executives are standing by promises to protect dividend payouts from the collapse in crude prices even as they fire workers, cancel drilling projects and sell everything from oil fields to aircraft to conserve cash.
Energy Majors Post YOY Financial Losses, Plan to Increase Production

## Infrastructure scavenging ##
Factory stripped of metal by thieves
Copper thieves plague Wyoming County power stations
Copper thieves, dressed as workers, damaging highway reader boards
Copper thieves strike downtown Reno construction site

## Got food? ##
European lawmakers reject national bans on GM food, feed imports
The European Parliament on Wednesday rejected a draft law that would have allowed member states to ban the use of EU-approved genetically modified food and feed on their territory, a step welcomed by the GM industry.
Scientists: Warming ocean factor in collapse of cod fishery

## Lifestyle solutions ##
Keeping heat in and near your body in a cool residence

## Environment/health ##
Indonesia's Deforestation-Fueled Wildfires May Be World's Worst Climate Crisis
You probably have herpes, the WHO says
Two-thirds of the world's population under 50 have the highly infectious herpes virus that causes cold sores around the mouth, the World Health Organization said on Wednesday, in its first estimate of global prevalence of the disease.
Residents in St Louis dying in record numbers from World War II radioactive waste
WHO: 5,000 North Koreans die annually from tuberculosis
UN scientists insist ozone is recovering despite huge hole
Job-related stress reduces workers' lifespans: study
Umbria residents warn medieval villages under threat from developers

## Intelligence/security/internet/cyberwar ##
Digital Rights 'Sold Off' as European Parliament Jettisons Net Neutrality
Universities Face Another Push to Criminalize Speech Criticizing Israel
FBI Director Finally Starts Answering Questions About Its Surveillance Flights Over US Cities
Marks and Spencer is Today's Data Leakage Scandal Loser
A web site glitch on the portal of M&S let Shopper A see the personal details of Shopper B when logged in yesterday, with the shopping giant taking its entire web presence down last night while it worked out exactly what had gone wrong.
Ted Koppel warns hackers could take down power grid
MIT Device Can Detect People Through Walls
Copyright Fail: 'Pirating' Academic Papers Not Only Commonplace, But Now Seen As Mainstream
Anti-Israel Activism Criminalized in the Land of Charlie Hebdo and "Free Speech"
Turns Out Police Stingray Spy Tools Can Indeed Record Calls
New DOJ Docs Confirm Stingrays Can Ensnare Bystanders
ACLU investigation reveals controversial surveillance devices are capable of intercepting "calling activity of all persons in the vicinity of the subject."
Anonymous Hackers Threaten to Release Names of Ku Klux Klan Members
When conspiracy is not a theory: an example of a false flag operation in the Italian invasion of Greece in 1940
European Union Calls For Edward Snowden Criminal Charges To Be Dropped: Will Whistleblower Find Asylum in Europe?
Censorship on Rise as Global Internet Freedom Continues Downward Spiral
Well over half of all internet users live in countries where criticism of the government, military, or ruling family has been subject to censorship online
How The EU's Proposed New 'Privacy' Rules Will Be A Tool For Massive Censorship
Three quarters of cars stolen in France 'electronically hacked'
Car consumer group in France calls for "urgent" security improvements in range of cars after it transpires that 74 per cent of those stolen are electronically hacked with Smarth Fortwo top of the theft hit parade

## Propaganda ##
Why Is The Daily Beast's Russia Critic Silent About So Many Hideous Abuses?

## Systemic breakdown/collapse/unsustainability ##
Embracing The Dark Side: A Short History Of The Pathological Neocon Quest For Empire
The U.S. Government Is Spending 400,000 Dollars On A Single Helmet
System to Recall Defective Tires 'Completely Broken,' Says Official
Ford recalls 129,000 SUVs to fix fuel leaks

## Japan ##
Japan's retail sales fall piles pressure on BOJ
The BoJ Owns 52% Of The Entire Japanese ETF Market , And Now It Wants More
Japanese protesters dragged away as work resumes at U.S. airbase
Kuroda's Stimulus Toolkit: Here Are Options for Bank of Japan
Groups opposed to security laws aim to collect 20 mil signatures
Japan military plans Vietnam port call to check Chinese expansion
MSDF ship to join U.S. naval exercises in South China Sea
Child Poverty SOS / I held my daughter's mouth shut: An 18-year-old's regret

## China ##
The Chinese Communist Party's Great Big Yucker—-A 5-Year Plan To Scale Back The State!
China Consumer Sentiment Sputters To Record Low In October, Report Says
China Steel Head Says Demand Slumping at Unprecedented Speed
Apple's Slumping iPad Sales Forces Closure of Chinese Factory
Crude "Tipping Point" Arrives: China Runs Out Of Space To Store Oil
China's answer for drought-plagued area: Move residents out
China's One-Child Policy Change Will Take Decades To Relieve Economic Pressures Of Aging Population, Experts Say
Oil cargoes bought for state reserve stranded at China port - sources
About 4 million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months due to a lack of storage, two trade sources said.
Faber's Epic China Bubble Amid Industry Slump Shows Up in Charts
Two more Japanese being held in China on spying charges

## UK ##
Average London home costs £500,000, while in north-east England it's £100,000
London house prices are the most overvalued in the world, report says
The Government has no workable strategy for actually reducing food poverty, Commission warns
Cambridge streetlights switch-off: city council says it won't pay to keep the lights on
Councillors left angry as streetlights remain off in Tendring this winter
British Gas logins exposed online
Global economic downturn fears prompt high street gloom
Puffins and turtle doves among four UK birds 'at risk of global extinction'

## US ##
The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills
Retirement Assets of 100 CEOs Equals Combined Retirement Assets of 41% of American Families
The Federal Reserve: Illusion of Understanding, Illusion of Control
And Now Trucking Is Suddenly Slowing Down
Paul Ryan's Same Ol', Same Ol'
10 arrested after building 'tiny homes' for the homeless in Denver park
The Biothreat Is Real — And We're Not Ready, Report Says
Barack Obama praises Prince Harry contribution to 'special relationship'
Wisconsin agency, small town fight over streetlights
Fed Drops Risk Warnings, Opens Door for December Hike: Who's the Fed Fooling? You, the Bond Market or Itself?
Congress and Obama tap petroleum reserve to plug hole in the budget
Record-Breaking 408 Earthquakes Hit Bay Area City Over Past 2 Weeks
Slew Of Major Retailers Say No To Black Friday
Retail Stocks Propped up by Only 3 Names
Chilling Thing Hershey Just Said About American Consumers
Everything you wanted to know about Paul Ryan
The Housing Mega-BubbleIs Definitely NOT Different This Time—–It's Much More Of The Same
Coming Soon from DOT: National Address Database, Driver Insights
Dirty Secrets, Hush Money, Conviction of Former US House Speaker Dennis Hastert; Was Justice Served? Could Gold or Bitcoin Have Helped?

## The candidates ##
Did Bernie Sanders Honeymoon In The Soviet Union? Lindsey Graham Blasts Democrat In CNBC Republican Debate
"The No. 2 guy [running for the Democratic nomination] went to the Soviet Union on his honeymoon, and I don't think he ever came back," Graham said to raucous applause.
Illustrating the dumbed-down, anti-intellectual nature of American politicians and their audiences, this is now politicians are able to score points. See following article. -- RF
GOP and the Rise of Anti-Knowledge
Television News Network Lobbyists Are Fundraising for Hillary Clinton
Candidates' claims: The Fact Patrol reports for duty
Trump says he carries a gun 'on occasion, sometimes a lot'
Donald Trump: Mexico going to pay for wall
NY Times Calls on Chris Christie to Drop Out of Presidential Race
Hillary Clinton's greatest hits
Does Ben Carson Believe Most Evangelical Voters Are Going to Hell?
The American Banana Republic – GOP Debate Spent More Time Discussing Fantasy Sports than Wall Street Reform
College-level speaking not required at the GOP debates




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