Sunday, November 01, 2015

 

News Links, November 2, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Emerging-Market Credit Downgrades Soar to Overtake 2014 Tally
Time to Keep Your Cash in the Microwave?
Thailand Economic Recovery 2015: Struggles Continue In Wake Of Chinese Slump, Military Coup
Chinese Demand Is Weakening For These Key Commodities
Chinese Services Sector Growth Slows To 7-Year Low, Manufacturing Shrinks For Third Straight Month
S&P Downgrades Saudi Arabia On Slumping Crude, Ballooning Fiscal Deficit
Puerto Rico Bond Yields Reach Record High as Default Risks Mount
ECB reveals capital hole in Greek banks as unpaid loans soar
Russia's VTB Bank Joins As SGE Member. Chinese Direct Gold Imports Increase
€238 Billion Nonperforming Loans at Spanish Banks Despite ECB's Helping Hand
Nakheel unveils plan for new luxury resort, waterpark on Deira Islands
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom
China, Japan, South Korea Pledge Economic Cooperation at First Summit in Over Three Years
S. Korea exports post worst drop in over 6 years
Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget

## Cut, baby, cut! ##
Oil Giant Chevron Announces Big Job Cuts Amid Slump In Global Prices
Oil giant Chevron Corp. announced Friday that it was planning to cut 6,000 to 7,000 jobs as the company sees it profits decline for the fourth consecutive quarter. The global oil-market is currently experiencing its worst price slump since the 1980s.
UniCredit's new business plan envisages 12,000 layoffs: source
Caterpillar to lay off 80 people at North Carolina plant
Husky Energy calls 1,400 job cuts a 'bitter pill'; Western Canada assets to be sold off
Sprint to cut up to $2.5B in costs, lay off employees

## Cashless society ##
Paypal Services Return After Global Outage, User Complaints Flood Twitter
Online payments service Paypal Holdings Inc. said it had resolved a major breakdown Friday caused by a power outage at a data center, after users and online merchants took to Twitter saying they were unable to make Internet sales.
U.S. retailers push banks to use PINs on credit cards as confusion reigns
Barclays customers experience problems with online banking and debit cards after payday technical glitch
Sweden——Vanguard Of The Keynesian War On Cash
Swedish banks have begun removing ATMs even in remote rural areas, and according to Credit Suisse the rule of thumb in Scandinavia is "If you have to pay in cash, something is wrong."  Since 2009 the average annual value of notes and coins in circulation in Sweden has fallen more than 20 percent from over 100 billion to 80 billion kronor.
Despite 'Goxification' risks, digital coins are catching on 
Visa, Total partner to drive cashless economy

## Airline death spiral ##
Alaska Airlines: Computer glitch that delayed flights resolved
Video Catches Baggage Handlers Rifling Through Luggage
United Airlines halts airport outsourcing until 2017
ISIS Releases Video Of Alleged Russian Airplane Mid-Air Exposion After It Claims Responsibility For Disaster
Sinai plane crash: Egypt dismisses IS claim
Sinai Plane Crash: Emirates, European Airlines Halt Flights Over Peninsula As Crash Investigation Begins
Anonymous Shuts Down Websites for Two Airports in Japan to Protest Against Dolphin Killings
Emirates says Delta's claims over Dubai-Atlanta withdrawal 'laughable'
Four reasons flight attendant are just as unhappy as you are

## Fault lines/flashpoints/powder kegs/military/war drums ##
US Has Secretly Been in Combat in Iraq for Months
State Dept. Believes Russian Military Hit a Syrian Hospital
South Korea says it has no plans to discuss THAAD deployment
U.S. deploying special operations forces to Syria
Russia Warns Of 'Proxy War' In Middle East As US Set To Deploy Troops In Syria
Syria Talks: In Vienna, No Political Transition Plan Reached, Assad Power Remains Key Disagreement
Flood of Western Weapons Fueling Unrest, Extremism Across Middle East
US Weapons To Turkey? State Department Approves $70M Smart-Bomb Sale As Turkish Military Steps Up Anti-ISIS, Kurdish Campaign
U.S. delivers F-16s to Egypt
Russian calls for Cold War civil defense training to be revived
European Union sides with United States on South China Sea incident
Navy Chiefs Talk, New Details On Destroyer's Passage
South China Sea Controversy: China Warns Japan PM Shinzo Abe To Stay Out Of Dispute With US
China's supersonic ship killer is making US Navy's job harder
AKP returns to power in Turkey with outright majority
Recep Tayyip Erdoğan tightens grip on power but leftist, pro-Kurdish HDP party passes 10% of vote share, enough to deny president a 'supermajority'
Secular publisher hacked to death in Bangladesh
US Threatens UK over Brexit Vote
Sweden Seeks To Join NATO Info War Agency
Africa's Long-Awaited Intervention Force Finally Stutters To Life
Iraq Turns On America: "Iraqi People Have Started To Feel That The US Isn't Serious About Fighting ISIS"
Obama's Ukraine legacy is no less shameful

## Migrants/refugees ##
Greece says 22 migrants drown off Aegean islands, 144 rescued
Crunch talks for Merkel on refugee crisis as thousands more arrive
Nearly 10,000 refugees continued to arrive in Germany daily, police said on Saturday, highlighting the scale of the challenge facing the country's stretched border staff ahead of a crunch meeting between Angela Merkel and a Bavarian ally on the crisis.
'In the long run our system will collapse'
Sweden's outspoken foreign minister, Margot Wallström, has hit out at fellow EU member states over the refugee crisis, saying the union needs to do more to relieve the pressure on her country.
A Mass Migration Crisis, and It May Yet Get Worse
Over 100 Refugees Found In Refrigerator Truck In Bulgaria
UK to give £5 million in emergency relief to help alleviate Europe's refugee crisis
The Next Wave: Afghans Flee To Europe in Droves

## Global unrest/mob rule/angry people/torches and pitchforks ##
Amid West Bank Violence, Israeli Jeep Runs Over Young Palestinian Protester
Protesters, police clash at Greece's north border
The Latest: Several hundred rally against migrants at Austria's border with Slovenia
Thousands protest utility prices in Morocco's Tangier
Thousands took to the streets in Morocco's northern city of Tangier late on Saturday to protest over high prices for water and electricity, in the nation's largest protest since pro-democracy marches in 2011 demanding political reforms.
Petrobras Oil Workers Begin Strike, Seek to Block Asset Sales

## Energy/resources ##
Top Oil Companies Report Dismal Earnings
Oil industry slipping into the red as outlook dims
The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.
Indonesia 2016 coal exports to slump as low prices hurt miners -industry
Coal shipments from Indonesia will plunge as much as 17 percent next year, with most miners in the world's No.1 exporter of thermal coal losing money and slashing output, a senior industry official said on Friday.
Chevron Takes Drastic Measures, Lays Off Another 7000 Employees
Shell Leads $19 Billion of Gas, Oil Writedowns in Just One Week
Reality Setting In For The Oil Majors
Newest ethanol plant makes fuel from husks, not corn
Maybe good for food, but doesn't change a thing in terms of energy. -- RF
Bad Timing: Big Oil Ramps Up Output Just As Prices Sink
SolarCity Drops The Bomb
The Unthinkable Is Happening in the Oil Sector
China Said to Mull Wind, Solar Power Tariff Cuts Through 2020
China is considering cutting the preferential rate it offers wind and solar power developers because the surcharges slapped onto electricity bills to pay for clean-energy subsidies aren't high enough.
European Energy Execs See Bleak Market Outlook Persisting
Thermal Coal: Market near multi-year lows on slack demand
Montana's top coal producer expects to cut Asian exports
Coal Export Industry's Terrible, Horrible, No Good, Very Bad Week
Exit now, pay later: Germany's rushed farewell to nuclear power
Rushed or not, there will never be enough money to decommission the world's nuclear power plants. -- RF
Crude Supertanker Rates Collapse As VLCC 'Traffic' To China Lowest In 13 Months
Analyst Warns Of Turbulence: 'Geopolitical Dislocations Could Result In Key Resource Supplies Disappearing'

## Infrastructure scavenging ##
Cable thieves commit crimes to survive: EFF
Man's death not enough to deter copper thieves
Copper thieves, decrepit light towers leave Pointe-St-Charles park in the dark
City leaders blame copper thieves for lack of working street lights

## Got food? ##
The Fight Against Food Poisoning: Can Mars Inc. And IBM Help Food Manufacturers Stop Harmful Bacteria Outbreaks?
Farm to School: The battle for healthy [sic] eating
Most Table Salt Is Probably Full of Plastic
43 Washington and Oregon Chipotle Restaurants Closed After E. Coli Outbreak
The politics of food

## Environment/health ##
It's completely ridiculous to think that humans could live on Mars
Protected California salmon numbers drop as drought warms water
China warns of severe winter smog, worsened by El Nino
Oregon girl, 16, diagnosed with bubonic plague after hunting trip
Oregon Girl is 16th U.S. Plague Case This Year
New NASA data shows Brazil's drought deeper than thought
Cheating, No Problem: Automakers Win Again in Europe
Watch: The world's most mysterious whales were seen—and filmed—in the wild for the first time ever
NASA study: Net gains for Antarctic ice sheets
Watching TV can kill you 8 different ways

## Intelligence/security/internet/cyberwar ##
Hollywood Studios Are Self-Censoring Movies To Appease Communist Censors In China, Says US Report
Privacy Advocates Raise Alarm Over Snapchat's Updated Terms of Service – Calling it "Scary"
New Probe Reveals NSA Targeted Entire Staffs of EU Governments
Will Denmark Give Edward Snowden Asylum? Politicians Call For Vote In Parliament
Police Use Terrorism Act to Seize a Journalist's Computer
Why Do We Have Wars?
Stated concisely. -- RF
Law Enforcement: Traveling From Anywhere To Anywhere Is Suspicious Behavior
Want to travel from anywhere to anywhere in the United States without being hassled by law enforcement officers? Good luck with that, citizen.
China Ranked World's Worst for Internet Freedom
China ranked last among the countries included in Freedom House's 2015 Freedom on the Net report, published this week. Globally, the report warns, Internet freedom has declined for the fifth year running. The practice of requiring companies to participate in censorship, well established in China, is spreading elsewhere, while privacy, anonymity, and encryption are under broad attack.
Internet freedom in Thailand is now as bad as in Burma – report
Vodafone Says Hackers Broke Into Almost 2,000 Customer Accounts This Week
Five hundred tax file numbers hacked every day (Australia)
Email communication without the internet
Ministers in Tony Blair's government 'told to burn legal advice warning Iraq War could be illegal'
Senior figures in government allegedly told to destroy 13-page document raising concerns about legal footing for Iraq War - but Blair spokesman calls claim 'nonsense'
Why you should wrap your keys in aluminum foil

## Propaganda ##
The 'Anti-Knowledge' of the Elites
It's fairly easy to spot the "anti-knowledge" spouted by the Tea Party and the Religious Right's favorite candidates, but a more subtle form of reality-deprived "group think" pervades America's elites though it is rarely noted in the polite circles of the mainstream media.
China comes in at first from the bottom on new internet freedom survey

## Systemic breakdown/collapse/unsustainability ##
VW recalls 58,881 Porsche cars for fuel pipe fault
Fiat Chrysler recalls about 900,000 SUVs to fix airbags, brakes
Honda recall affects 2016 CR-Vs over potential air bag issue
Must read: Transport System Shrinks as Agencies Stop Fixing Rural Roads, Bridges (US)
And such "shrinkage" won't stop with the transport system. Stay tuned as other infrastructure components including gas pipelines, water pipes, sewer systems, and the power grid get short-changed and continue to deteriorate. -- RF
Leaky Locks May Further Delay $5.3 Billion Panama Canal Widening

## Japan ##
BOJ Bazooka Beats the Rest at QE as Balance Sheet Keeps Swelling
Bank of Japan cuts growth, inflation view as economy stalls
The Bank of Japan keeps printing money at speed
Security law protesters to kick off 20-million signature petition drive
Abe government to compile supplementary budget of ¥3 trillion or more
Residents along planned maglev line set to sue gov't
Sharp's vision for recovery blurred as it posts further losses
'Voluntary evacuees' from Fukushima disaster seek extended assistance period
Anonymous targeting Japanese websites
Hope fades TPP pact could end Japan's butter shortage
Hopes look set to be dashed that a regional trade pact could end a butter shortage in Japan which has left shelves in some supermarkets empty and prompted others to ration customers to one pack per visit.
IMF urges consumption tax higher than 10 percent in Japan

## China ##
China's New Five-Year Plan Includes 'Slower But Quality Growth,' Pensions For All, And Easier Foreign Investment
Despite Reform, High Cost Of Living Puts Many Chinese Off Having A Second Child
Hailed by many Chinese and praised by brain-damaged Western economists and politicians, the rule change allowing a second child will only aggravate China's overpopulation problem and produce a new crop of future unemployed. -- RF
China's Economy Even Worse than Suspected?
China considers price cuts for solar, wind generators -source
China is considering cutting the electricity price paid by grid firms to solar and wind power generators to reflect recent declines in operating costs, a government source familiar with the situation told Reuters on Friday.
Beijing's Red Bosses Get Desperate——Even Ban Too Much Drinking And Golf
The China Steel Monster——A Freak Of History
China's Bad Debt May Be As High As 20%
'Thanks but no thanks!' 43 percent of Chinese couples not interested in having costly second kid
China's manufacturing contracts for 3rd straight month
China's Manufacturing Misses; Nonmanufacturing Worst Since 2008 Despite Unprecedented $1 Trillion "Debt Injection"
Shanzhai Capitol Building in Wuhan lies empty for years, now occupied by vagrant food vendors

## UK ##
Police to be granted powers to view your internet history
Young becoming new economic underclass in UK
Barclays customers unable to access money after technical issues
Second fault in a week hits Barclays bank as customers unable to access money following "technical issues"
BBC: Police used terrorism powers to seize reporter's computer
A&E faces worst winter ever, top doctor warns
Cash crisis 'could close 50% of UK care homes'
UK Police Make Third Arrest Over TalkTalk Cyberattack
Six million workers paid 'less than the living wage'
Scottish Labour votes to ditch Trident renewal
Royal Navy base construction begins in Bahrain as Britain seeks a return to 'East of Suez'

## US ##
Untangling America from the American Empire
Those calling for an end of the Empire don't seem to realize that the federal state's vast entitlement programs are ultimately funded by the Empire.
One Chart That Explains The Stupidity Of Congress' SPR Plan
HP, a Silicon Valley icon, is ready for its break-up
The Scariest Halloween Stock Market Chart
Largest U.S. banks face $120 billion shortfall under new rule
Too Big To Fail: US Federal Reserve Says No More Bailouts; Burden To Shift To Investors
Poll: Americans Pessimistic About Economy
5-Year-Old Watches His Father Get Stabbed in Apparent Road Rage Dispute: San Jose Police
Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud
The dollar store expansion: Number of dollar stores in the US expected to exceed 30,000 in 2016.
There are more than 11,500 Dollar General stores in the United States (twice the amount of Wal-Mart locations).
10 Brands That Will Disappear in 2016
The biggest spenders at the Apple store already collect Social Security
Grown and still at home: Why young adults are moving back home and staying longer
Four Dead After Colorado Shooting Spree, Including Suspect
Hundreds of officers lose licenses over sex misconduct
Morgan Stanley: The Grinch Could Ruin Christmas for Most Retailers

## The candidates ##
In Nevada, Trump says he's 'immune' to bad press
Poll: Hillary Clinton Hits 50 Percent Support
Midwife To Chaos: Hillary Clinton's Serial Lies About Libya
Bernie Sanders, Another Beltway Phony
The Clinton Files: Is Hillary a Crook?
As Hillary cruises toward the Democratic nomination, if not the White House, it's time to dig into the Clinton Files and resurrect the stories of sleaze, malfeasance and transgression from that feculent decade.
Hillary Clinton Comes Out in Favor of the Death Penalty
Rubio Follows the Big Money




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