Thursday, December 17, 2015


News Links, December 18, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Argentina's Peso Depreciates Sharply After Currency Controls Lifted
Goldman Takes Ax to Iron Ore Outlook as Industry Hibernates
Spain's Biggest Bankruptcy Ever Hits Banks, Mexico, Brazil, Descends into Bitter Farce
Governor: Puerto Rico will default in January or May
Brazil's currency sinks after Fitch cuts rating to junk status
Baltic Dry Crashes To New Record Low As China "Demand Is Collapsing"
"Perverse, Unpredictable Effects" of Negative Interest Rates: Mortgage Rates Soar in Switzerland
Sukuk issuance slows sharply on cheap crude
These 29 Oil Companies Could See Their Credit Ratings Cut
One of the Last Metal Hedge Funds Says China to Bring More Pain
US Rate Hike Makes Emerging Market Corporate Debt More Fragile
This Junk Bond Derivative Index Is Saying Something Scary About Defaults

## Cut, baby, cut! ##
Mack Trucks to lay off 400 in Pennsylvania
Scottish Budget: £500m council cuts will cost 15,000 jobs or 50 Tata Steelworks, local government leaders warn
Anglo cuts deep in hopes of saving itself
Statoil targeting up to 1,500 job cuts, offers Norway job buyouts
Budget For High Speed Rail Line Cut Nearly In Half

## War on cash/cashless society ##
Australia banks agree Android Pay deal, Apple Pay still frozen out
'Sweden is world's leader in cashless trading'
Cashless Payments Grow Worldwide: RBR
PayPal's first-ever Super Bowl ad will promote its vision of the future of money

## Airline death spiral ##
Chaos on Commercial Flights: Unruly Airline Passengers Rarely Face Criminal Charges
American Airlines Miami-Paris Flight Bomb Scare Update: MIA Airport Under Investigation After Suspicious Activity Reported
Air France flight diverted to Montreal after threat
Brazil's TAM Plane Diverted In Morocco After Bomb Threat
This Just In: Newark & LaGuardia Are The Worst Airports In America
Departure Level Reopened at LAX After Suspicious Bag Prompted Bomb Squad Response: Police
Dear Flyers: There's a new seat even worse than coach
There, passengers' seats are unassigned and crowded closely together.
Airlines' Improved On-Time Performance Aided By Bookkeeping Trick
Sky high: Why foreign carriers pay more to land in Japan

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kerry: US Not Seeking Regime Change in Syria
US Requests Nordic Military Support in Fight Against Islamic State
Intensified Russian Airstrikes In Syria With Regime On The Offensive
France Uses First Cruise Missiles Against IS, Defense Ministry Says
Iraq Demands 'Complete Withdrawal' of Turkish Forces
A Blind Eye Toward Turkey's Crimes
The alleged ties between Turkish President Erdogan and Islamist terrorists in Syria is an embarrassment for the Obama administration and the U.S. news media, which would prefer to look the other way rather than face up to the danger created by an out-of-control NATO "ally."
NATO, Ukraine officials sign defense cooperation agreement
Putin: Russia did have people in Ukraine doing 'certain military tasks'
Russian President Vladimir Putin said on Thursday that Russia did have personnel in eastern Ukraine who were carrying out certain military tasks but denied Moscow had deployed regular troops there.
Russia enhancing navy's capabilities, report says
Russia's recent demonstrations of its naval capability have stunned military observers and drawn scrutiny from the U.S. Navy, which has issued its first report in more than two decades on the status and future of Russia's navy.
"Let Them Fly There Now": Putin Threatens To Shoot Down Turkish Jets In Syria, Calls Erdogan An Ass Kisser
Turkey To Build Military Base in Qatar
Mexico finds 17 bodies dumped in ravine

## Migrants/refugees ##
Report: Turkey Has Become the EU's Enforcer in Bid to Slow Refugees
A damning Amnesty report claims Turkey abused refugees and pressured some to return to war zones.
More than 800 migrants try to storm Channel Tunnel in France

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mass layoffs in China's coal country threaten unrest

## Energy/resources ##
China's State Power to buy IFM Australia's wind portfolio - source
Nine in 10 cancers caused by lifestyle
Environmental and external factors such as smoking, drinking, sun exposure and air pollution account for nine in 10 cancers, new study shows
But keep in mind that nothing happens in industrial society without fossil fuels. -- RF

## Environment/health ##
Arctic air temperatures highest since 1900, global report shows
Japan, South Korea stick to coal despite global climate deal
Less than a week since signing the global climate deal in Paris, Japan and South Korea are pressing ahead with plans to open scores of new coal-fired power plants, casting doubt on the strength of their commitment to cutting CO2 emissions.

## Japan ##

## UK ##

## US ##

## The candidates ##
My guess is that Putin thinks Trump would run America into the ground faster than any other candidate. -- RF

And finally...
Irate bank customer pours pot of poop on counters, floor
New Zealand awards Pastafarians right to perform marriages

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