Tuesday, December 15, 2015


News Links, December 16, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Credit And Currency Implosion In 14 Charts
Junk Bond Crisis Starts To Metastasize
High Anxiety Liquidity Trap: Selloff in Junk Continues, Follows Largest Drop Since 2011 on Friday
Chart Of The Day: Global Warehouses Runneth Over—–The Case Of Cotton
ASEAN 100 companies feeling pressure from resource woes
Third Avenue Ripples Hit Credit Across Globe as Risk Rises
Measures of bond risk surged worldwide amid concern that investors may face more losses in the roiling debt markets after Third Avenue Management froze redemptions from a high-yield fund and London-based Lucidus Capital Partners liquidated its entire portfolio.
Emerging Market Turmoil Enters New Phase—-South Africa, Poland, Brazil Stumble Further
CLOs Hammered as Energy Rout Plays Havoc With Other Markets
Rio Tinto CEO says high-cost iron ore miners squeezed by low prices - TV
High-cost iron ore producers are "hanging on by their fingernails", Rio Tinto Chief Executive Officer Sam Walsh said on Tuesday, as miners fight for survival in the face of falling metal prices amid a glut and weak demand.
Foreigners Sell A Record $55.2 Billion In US Treasuries In October
Reinventing Banking: From Russia to Iceland to Ecuador

## Cut, baby, cut! ##
Shell sees more job cuts as BG deal gets China green light
Toshiba to cut up to 7,000 jobs: Nikkei
Volkswagen to shed 600 temporary jobs at German plant to cut costs

## War on cash/cashless society ##
China UnionPay launches app that lets you swipe your smartphone to pay in seconds

## Airline death spiral ##
Coach class continues downward spiral
Qatar Airways flight abandons take-off from US after runway issue
The allegations of attacking grain silos and bakeries, along with strikes near border crossings, which aid groups say have made shipments from Turkey more difficult to provide, seem to largely mirror early US strikes in Syria, which similarly burned a number of grain silos, only in ISIS territory further to the east.
How 'Obscure' Bureaucrats Cause Wars
Official Washington's anti-Russian "group think" is now so dominant that no one with career aspirations dares challenge it, a victory for "obscure" government bureaucrats, like Assistant Secretary of State Victoria Nuland.
AFRICOM's Secret Empire: US Military Turns Africa Into 'Laboratory' Of Modern Warfare
Origins Of Jihadi Terrorism—-A Short History Of The CIA's Bloody Hands
United States warns citizens to leave Burundi as death toll in barracks attacks rises to 87

## Global unrest/mob rule/angry people/torches and pitchforks ##
Palestinian Killed by Bystanders After Ramming Into Israelis

## Energy/resources ##
And the costs will continue to skyrocket. -- RF

## Infrastructure scavenging ##
Large copper cable theft to delay road project
Thieves Pilfer Copper and Central AC Units

## Got food? ##
AP: Global supermarkets selling shrimp peeled by slaves
Every morning at 2 a.m., they heard a kick on the door and a threat: Get up or get beaten. For the next 16 hours, No. 31 and his wife stood in the factory that owned them with their aching hands in ice water. They ripped the guts, heads, tails and shells off shrimp bound for overseas markets, including grocery stores and all-you-can-eat buffets across the United States.
'The Warning Bells are Deafening': Super El Niño Threatening Global Hunger Crisis
As many as 50 million people across the world face potential hunger, disease, and water shortages by early 2016 if countries do not act immediately, declared Oxfam International on Monday, addressing those nations predicted to be ravaged by this year's Super El Niño as well as wealthy governments indebted to those most vulnerable to climate change.

## Lifestyle solutions ##
Why you might retire to a tiny house — by choice

## Environment/health ##
U.S. Fish and Wildlife Service Does Very Little to Protect Fish and Wildlife
Of 88,000 actions and developments considered potentially threatening to the nation's endangered species over the past seven years, not one has been halted by the U.S. government, a new study has found.

## Intelligence/security/internet/cyberwar ##
Marco Rubio Pushes to Block Low-Cost, High-Speed Broadband
In a rare senatorial act, full-time Republican presidential candidate Marco Rubio joined with a handful of fellow legislators on Friday in an attempt to block local municipalities from undercutting big telecom companies by providing cheap, fast internet service.

## Systemic breakdown/collapse/unsustainability ##
Some long term climate scenarios
Why Has the Labor Participation Rate Plunged?
Combine this regulatory burden with the decline of entrepreneurship, and you get a bubbling brew that is toxic to self-employment/small business.

## Japan ##
Toshiba to cut thousands of jobs in consumer division
Toshiba seeks to eliminate up to 7,000 jobs mainly in its long-suffering consumer electronics segment, getting tough with money-losing operations that it tried to gussy up with specious accounting.

## China ##

## UK ##
Scrooge is at large on UK's hungry streets
'Huge rise' in newborn babies subject to care proceedings
50 percent of Millennials have less than $1,000 in savings. A large number are mired in student debt.

## The candidates ##

And finally...
Massachusetts postal carrier gets attacked by turkeys every day

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