Thursday, December 03, 2015


News Links, December 4, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"Pretty Soon We Have to Start Labeling this a Depression": Goldman Sachs on Brazil
It Begins: Investors Brace for Mexico's Biggest Corporate US-Dollar Bond Default in 20 Years
More Global Deflation—–BRIC Manufacturing PMIs Down In November
The List of Corporate Borrowers Teetering on Trouble Is Swelling
It Will Take Trillions of Euros to Save the European Union
India government official floats idea of national gold exchange
The Crumbling World Order and Who Will Pick Up the Crumbs?
Alarm Bells Go Off As 11 Critical Indicators Scream The Global Economic Crisis Is Getting Deeper
"Distress" in US Corporate Debt Spikes to 2009 Level — Investors bloodied as the Credit Bubble implodes at the bottom
The utter insanity of negative interest rates
Goldman Sachs wants to create its own version of bitcoin
Exxon withholds tax data from global transparency group
S&P cuts ratings on big US banks' parent companies
Shipping shakeout hits Asian shores
Overcapacity and weaker global trade have fueled talk of a shakeout in the global shipping industry. Now, consolidation appears to be picking up, with much of the activity centering on Asia.
Brazil Goes From Crisis to Crisis as Impeachment Bid Begins
Not so easy: Super Mario delivers shocking pain
The European Central Bank shocked markets Thursday, delivering an easing package that paled in comparison to market expectations.
Dollar Surges, Bonds Sink as ECB's Rate Cut to -0.3% and Pledge of More QE Until March 2017 "or Beyond" Not Dovish Enough
French Unemployment Rate Rises To 10.6% (Highest Since 1997) As French Inflation Remains Near 0%
Why the Euro Is A Dead Currency
Aging Spain passes population milestone as deaths surpass births

## Cut, baby, cut! ##
Dubai's Depa plans job cuts across global workforce
Gulfstream Announces 600 Job Cuts Worldwide

## War on cash/cashless society ##
'Technical issues' see ANZ internet banking go offline
50 smartphone users in Singapore hit by malware targeting mobile banking customers
The Deep State and the War on Cash
Music festivals are making more money by ditching cash
Why Apple wants to get into unprofitable world of payments between friends
Swatch Partners with Visa, Allows Visa Cardholders to Pay with Swatch's New Pay-By-The-Wrist Watch
Cash is far from meeting its Waterloo
Card-Enabled Vending Machines Lead to Mobile Wallet Use

## Airline death spiral ##
'Crazy' Flight Attendant Charged in In-Flight Outbursts
An American Airlines flight attendant told a federal air marshal she was "crazy" and a "train wreck" before allegedly assaulting him and another air marshal.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Regime change: A smashing success! -- RF
Turkey Denies Russian Ships Access via Bosporus
What is becoming clear is that Turkey has most likely NOT acted alone against Russia. They have more likely than not fired the first shot in what may become World War III. Turkey has been buying the oil from ISIS and thus funding them. Yet at the same time, they are part of NATO and have probably acted with the FULL consent of NATO including the Obama Administration.
NATO Picks a New Fight with Russia
The Obama administration and much of Official Washington have dangerously lost touch with reality, ginning up a costly new Cold War with Russia even as expensive wars continue in Afghanistan and Iraq/Syria. The latest provocation against Russia is to invite Montenegro into NATO.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Four Charged in Shooting Near Minneapolis Black Lives Matter Protest

## Energy/resources ##
What makes roof top solar "affordable" is low interest rates and massive government subsidies.
Whether or not they are successful, it pays to remember that none of this would be happening without fossil fuels. Also, if we have "plenty of energy," that means we'll be producing a lot of waste heat, especially because development gurus envision we'll have things like heated sidewalks to eliminate snow shoveling in the winter. But waste heat too has a considerable climate effect. -- RF

## Environment/health ##

## Intelligence/security/internet/cyberwar ##
Google Collected Data on Schoolchildren Without Permission
Global Angst over US Secrecy Fetish
With the reach of U.S. surveillance now global – and with the U.S. military deployed all over the world – anger at President Obama's unprecedented crackdown on whistleblowers who disclose the U.S. government's abuses and crimes has gone international.

## Propaganda ##
Obama Ignores Russian Terror Victims
President Obama has displayed a stunning lack of sympathy for the Russian civilians killed in an ISIS plane bombing in Egypt and for two Russian military men slain as victims of U.S. weapons systems in Syria, putting insults toward President Putin ahead of human decency.

## Systemic breakdown/collapse/unsustainability ##
It's So Bad in Brazil That Olympians Will Have to Pay for Their Own AC
The Brazilian economic crisis has finally hit the 2016 Olympics. Following a new round of cost-cutting by the Rio 2016 organizers, athletes will be asked to pay for the air conditioning in their dorm rooms. Stadium backdrops will be stripped to their bare essentials. Fancy cars and gourmet food for VIPs are out.
Train cancellations soar as infrastructure problems take hold (Netherlands)

## Japan ##
Imagine! A man armed with a box cutter was easily overpowered by other passengers! Can you believe it? -- RF
Japanese trading companies see which side their bread will be buttered on. -- RF

## China ##
Chinese ministry says China has 17M road rage case in 2015, as viral videos attest
China Says It's Time To Ground The Drones
The Civil Aviation Administration of China (CAAC) has drafted provisional regulations restricting the use of light-duty civilian drones.
Flintshire Council will begin its programme of switching off streetlights across the county between midnight and 5am to plug its financial black hole.
Border anti-terror database 'breaks down twice a week', says official report
National Audit Office says cost of beleaguered 'e-borders' project will spiral to at least £1.1 billion amid concern over unstable security computer systems

## US ##
Auto debt getting riskier with extended terms and chasing borrowers with lower credit scores.
In case you were wondering about those fantastic car sales... -- RF
Hurry to get in on that subprime demand! -- RF
Housing Bubble 2 in One Chart
Now the gap between real house prices and real earnings is even wider than it was in Housing Bubble 1.
Look Out Below: the Real Economy Just Hit Stall Speed
"The comprehensive probe found that in state after state, open records laws are laced with exemptions, and part-time legislators and agency officials engage in glaring conflicts of interests and cozy relationships with lobbyists."
Have We Hit Peak Inequality?
These 400 billionaires are wealthier than 190 million of their fellow Americans.

## The candidates ##

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