Tuesday, December 08, 2015


News Links, December 9, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
When Shipping Overcapacity Meets Falling Demand
Renewable Energy Bankruptcy Threatens Spanish Banks
Population Deflation: Spain Joins Germany with Negative Net Birth Rate; Italy on Threshold; Who's to Blame?
Iron ore dives below $US40t
The Search for the Crash of 2015
Global Recession Alert: Singapore Builders Overleveraged, Underachieving as Debt Matures
Commodities rout deepens as Chinese trade data signal weaker demand
We are shrinking! The neglected drop in 2015 Gross Planet Product
Bernanke's "Helicopter Drop" Hits Finland; Prime Minister and 70% of Finnish Support "Free Money"; Dauphin Canada Revisited
Bank of Canada Announces Tools Including -0.5 Interest Rates; Loonie Sinks to 2004 Low; Right Tool at the Right Time
Oil Producer's Currencies Are Collapsing As Brent Breaks Below $40
Physical Silver Investment Demand Great Deal Higher Than Official Estimates
Barbarous relic: Chinese Stockpile Gold at Accelerated Pace in November
The Fallacy that Weakening Your Currency Generates Prosperity
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?

## Cut, baby, cut! ##
National Oilwell Varco Norway Cuts 900 More Jobs
South32 to cut more than 400 jobs at South African manganese mine
Morgan Stanley to cut 1,200 jobs, take $150M charge
Anglo American cuts dividend and 85,000 jobs in 'radical' restructuring
AOL to cut 100 jobs, mainly in its dial-up business: Techcrunch

## War on cash/cashless society ##
From Apple Pay and Google wallet to bitcoin: The end of cash
Mobile payments are still fundamentally insecure
GoCardless is Planning to Enter Sweden
Barclays online banking services crashed again

## Airline death spiral ##
Busy air traffic control facilities lack enough controllers
Thirteen of the nation's busiest air traffic control facilities are suffering from a shortage of air traffic controllers, a problem that demands "urgent attention," a government watchdog told lawmakers on Tuesday.
Strategies abound for handling "unruly" airline passengers
More than 38,230 cases of unruly passengers were reported worldwide from 2007 to 2014, and it's one of the top 3 safety issues for cabin crews, according to IATA.
Frequent fliers, consider: Is airline elite status worth the trouble?
No-Frills Fares to Expand to American And United Airlines
IATA: The skies are 'falling'
'Anonymous threat' diverts Paris-bound plane from SFO to Montreal
Delhi-Bound Air India Flight Delayed, Passengers Agitate
1,100 travelers reveal top airline annoyances
No bomb on Berlin-Egypt flight diverted to Hungary
Air France-KLM announces $54M revenue loss after Paris attacks

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State Going Broke? As Airstrikes Target Oil Revenue, ISIS Slashes Salaries, Imposes New Taxes
Washington's Coalition Of The Unglued—-Iraq Government May Seek Russian Help Against Invading Turks
It Will Take 10 Years To Recapture Mosul From ISIS, US Army Officer Says
The "Moderate" Syrian Opposition At Work: Turkey Supported Levant/Nusra Front Clashes With US Supported Kurdish YPG
NATO says won't send ground troops to fight IS: report
Taliban Launches Attack On Kandahar Airport, Afghan Special Forces Engage In Firefight
Report: 'Reckless' Arms Transfers To Iraq Fueled IS Crimes
Decades of irresponsible arms transfers to Iraq fueled the Islamic State group's firepower and ability to carry out atrocities on a massive scale, Amnesty International said in a report published Tuesday.
Russian submarine hits targets in Syria with cruise missiles
The Number of Foreign Fighters in Iraq and Syria Has Doubled
A study says up to 31,000 people from 80-plus countries have joined the Islamic State and other extremist groups.
US Air Strikes Kill 36 Civilians in Syrian Village
US Denies Bombing Assad's Forces, Blames Russia
Turkey Refuses To Withdraw Troops From Iraq, Threatens To Slap Sanctions On Russia
Bilal Erdogan Denies Allegations He Is Funding ISIS: Here's The Problem
South China Sea Controversy Update: Chinese Military Looks To Quadruple Airstrips On Disputed Spratly Islands
China just flew long-range bombers deep into the Pacific — and it's sending a message about what its military can do
Marine Le Pen and the Growing Influence of Front National
How cheap oil raises political risks in Saudi Arabia
U.S. Navy begins PASSEX exercise with Black Sea navies
Reports: Russia Loses Advanced Military Satellite After Launch
South Korean Navy Fires Warning Shots at Chinese Patrol Boat
U.S. to deploy spy plane in Singapore amid China tensions

## Migrants/refugees ##
Greece: witnessing the migration crisis

## Global unrest/mob rule/angry people/torches and pitchforks ##
Syrian Refugees in Germany Update: Xenophobic Violence Spikes With Rise In Asylum-Seekers, 222 Homes Torched
And as Germany's economy deteriorates, it'll get worse. -- RF

Global E&P Spending to Continue to Fall; Possible Recovery Seen Late 2016
Moody's: Oil, Gas Is Profound Credit Hazard in 2016
Staggering in breadth and severity. Exceptionally adverse conditions. Deteriorating credit quality. Those are just a few of the phrases Moody's Investors Service used in a Dec. 7 report to describe the 2016 oil and gas landscape.

## Got food? ##
I highly recommend it. -- RF
A hard sell? Companies struggle to promote green consumption
Eat misshapen veg, wash clothes in cold water, drive more slowly and recycle? It is perhaps no surprise that companies say  persuading consumers to go green is a big challenge.

## Intelligence/security/internet/cyberwar ##
Kazakhstan's New Encryption Law Could Be a Preview of US Policy
The Central Asian country will require 'back doors' that will allow the government to surveil and censor Internet traffic.
Homeland secretary: US to revise terror alert system
Economic growth: How it works; how it fails; why wealth disparity occurs

## Japan ##
Defense alliance to help create growth industry
Japan will build its space sector into a driver of economic growth, leveraging the defense alliance with the U.S., according to a newly adopted 10-year policy road map.

## The candidates ##
Pentagon Calls Trump's Muslim Ban 'Counter to National Security'
GOP frontrunner draws extraordinary rebuke from Department of Defense, State, Homeland Security, Congress, and Republican Party leaders.
"I am hereby barring Donald Trump from entering St. Petersburg until we fully understand the dangerous threat posed by all Trumps."

And finally...

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