Thursday, December 31, 2015


News Links, January 1, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
What Secret Do Global Banks Know about Chinese Banks? They're dumping their stakes.
Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives
Philippines To Join China-Led AIIB, To Become Last Founding Member
Now Comes The Great Unwind—-How Evaporating Commodity Wealth Will Slam The Casino
The Inescapable Trap of the 'Dollar Short' Is The Short; Russian Edition
Will the Australian Economy Eat Dirt in 2016?
Puerto Rico To Default On A Portion of Its $1 Billion Debt Load
Global growth will be disappointing in 2016 - IMF's Lagarde
I didn't need the managing director of the IMF to tell me that. -- RF
China Investment Corp retreats from Canada after mining, energy investments sour
Brazilian Real Crashes Most In 4 Years As Hope Fades
The Inescapable Trap of the 'Dollar Short'——– Brazil Edition
Oman to raise tax and cut subsidies as oil rout hits sultanate hard
House price drop second to worst in the world (Greece)
Ontario's fiscal train wreck
Ontario is the largest sub-national debtor in the entire world
If you thought Chinese provinces were bad... -- RF
Financial minds most concerned with growing household debt in Canada: poll

## Cut, baby, cut! ##
How Many Oil Jobs Were Lost in 2015?
Saudi Arabia Cuts Subsidies As Budget Deficit Soars
India Banks On Subsidy Cuts To Shrink Budget Deficit
Bahrain to hike prices of fuel by cutting government subsidy

## War on cash/cashless society ##
PBOC tightens rules for online payment platforms
The War On Cash Is Now Being Rolled Out At An Incredible Speed
Cashless Societies: How Realistic?

## Airline death spiral ##
Airlines struggle with more than 4,000 canceled flights
10 Ways Air Travel Will Change in 2016
Here are all the airlines that have banned hoverboards—and why
Think airline delays are bad now? Wait until El Niño hits
Airlines Challenge Low-Cost Foes on Fares
After shrugging off their lowest-cost rivals, the biggest U.S. airlines are now taking them head on—resulting in a bonanza of cheaper tickets that is benefiting fliers but weighing on revenue.
Passenger 'tries to kill himself' during flight over southern China
Disorderly passenger removed from Allegiant Flight
Would you pay $19 for a ticket out of airport hell?
Twisting economy seats could end discomfort on long-haul flights
Air India Plane Returns to Mumbai After Passenger Sees Rat
Commercial Jet Orders to Close 2015 Sharply Below 2014

## Fault lines/flashpoints/powder kegs/military/war drums ##
Critical Missile Defense Decisions in NATO Europe Expected in 2016
U.S. Carrier Harry S. Truman Has Close Call With Iranian Rockets
Syrian troops backed by Russian jets enters rebel-held southern town: army
Syrian troops fought their way into a rebel-held town in the southern province of Deraa on Wednesday in an assault which rebels said was supported by the heaviest Russian aerial bombing campaign so far in the south.
Russia Deploys Advanced Cruise Missiles in Major Navy Reboot
Turkey's Erdogan Meets King in Saudi Arabia for Syria Talks
Iraq's 'Liberated' Ramadi: 80% Destroyed, 30% Still ISIS-Held
The Scariest News Story of 2016: KSA
Russia's Uran-9 robotic combat system set for export
Another Regime Change "Success": Ukraine President Less Popular Than State Dept-Ousted Predecessor
Crimea official says Ukraine has cut off power again, Interfax reports
Was Kim Yang Gon Purged? Experts Speculate Kim Jong Un's Aide Was Punished For Failed Inter-Korea Talks
Agents nab Pakistanis with terrorist connections crossing U.S. border
Turkey Is One Step Away From Civil War
If Top General Gets His Way, America's "Longest War" Will Become Even Longer
Obama to host ASEAN leaders in final push for Asia strategy
President Barack Obama will host the first-ever summit of Southeast Asian leaders on U.S. soil during his last year in office, one in which he aims to accelerate a strategic pivot toward Asia in response to a rising China.
Thai military expands its powers with 'black site' jail for national security suspects

## Migrants/refugees ##
Norway to turn back asylum seekers on Swedish border
Syrian Refugees in Turkey Are Facing the Same Terror They Once Fled

## Global unrest/mob rule/angry people/torches and pitchforks ##
Argentines march against feared public job cuts
Hate crimes against Muslims and Jews soar in France
South Korean 'comfort women' protest against accord with Japan
Swiss Army Chief Warns Of Social Unrest, Calls Upon Citizens To Arm Themselves

## Energy/resources ##
Oil Investors See Record Second Year of Misery as Market Plunges
Oil ends 2015 down 35 percent; long, painful hangover seen
Only 13% of Saudi households to pay more for electricity, water – minister
Ghana says it has fixed power deficit that caused years of blackouts
Oilfield services companies face a 2016 where there's little left to cut (Canada)
Russian finance minister sees oil price at $40 per barrel in 2016
One of the world's major oil producers could face a huge problem in 2016
Morocco postpones opening of world's largest solar power project
Turkish Stream Might Not Be Dead Yet As Russians Prepared To Talk With Turkey
'Shotgun weddings' in energy to boost M&A in 2016
Crimea loses quarter of power after pylon in Ukraine blown up
Worst Year for Rigs in Quarter Century Closes With a Whimper
Should we solar panel the Sahara desert?
Man who nailed 2015 oil plunge is predicting a dismal 2016

## Infrastructure scavenging ##
Man accused of stealing brass plumbing valves from homes
1 arrested, 1 sought in thefts of propane tanks
Thieves ripping off graves at Houston cemetery

## Got food? ##
Earth is Losing Farmland at an Alarming Rate
Can't be helped. It's necessary for "development." -- RF

## Environment/health ##
Unprecedented Water Levels Along the Mississippi Spark Evacuations
Lead poisoning: Mich. gov. apologizes for Flint water crisis
H5N6 Avian Flu: China Reports New Case, Patient In Critical Condition
Storm Frank: Heavy flooding hits Ireland
Most U.S. Soldiers are Injured at least Once a Year and 78,000 are Clinically Obese
Pharma Exec for Maker of $150,000 Cancer Drug Tells Investors Its Pricing Is "Very Responsible"
Colombia declares red alert for low water levels
Water levels in Great Salt Lake's north arm hit historic low
Gonorrhea super strain becoming 'untreatable'
Sick of El Niño? You Ain't Seen Nothing Yet, Warns NASA
Watch: Six decades worth of space junk orbit Earth
Revolutionary system promises to recover plastic rubbish from world's oceans
Study: Eating when not hungry bad for health
Superbug Bacteria Resistant to All Antibiotics Found in the UK
Record-Breaking 2015 Temperatures Connected To Ongoing Fish Kill on Mississippi Beaches

## Intelligence/security/internet/cyberwar ##
15 News Stories from 2015 You Should Have Heard About But Probably Didn't
Is Twitter Down? Users Around The World Report Issues
New survey shows social media posts are leaving home owners exposed to burglars
Google is tracking students as it sells more products to schools, privacy advocates warn
Accused of Gatekeeping India's Internet, Facebook CEO Lashes Out
Spying on Congress and Israel: NSA Cheerleaders Discover Value of Privacy Only When Their Own Is Violated
Microsoft to warn email users of suspected hacking by governments
Ukraine to probe suspected Russian cyber attack on grid
German Police Evacuate Munich Train Stations, Warn Of Imminent Terrorist Attack
4 things you didn't know could be hacked

## Propaganda ##
Come Again? State Department Claims It Brought Peace to Syria in 2015
Dangerous Punditry on Syria
Government Propagandist-In-Chief Condemns Political Incorrectness As "The Furthest Thing From Brave"

## Systemic breakdown/collapse/unsustainability ##
The Cultural Contradictions That Have Crippled the Great American Middle Class
Infrastructure: America's smallest state faces some big, big challenges
The Deadly Truth About the Great Boom and This "Recovery"
US Forest Service considers decommissioning 780 miles of road
The Forest Service says it can't afford to maintain nearly 800 miles of road in the Mount Baker-Snoqualmie National Forest.

## Japan ##
Slightly more babies born last year in Japan, but population suffers net loss of almost 300,000 people
Number of new adults at record-equal low of 1.21 million on New Year's Day
Good hackers set to 'attack' infrastructure
The Yomiuri ShimbunThe government has decided to carry out cyber-attack tolerance tests targeted at essential infrastructure such as electrical substations and gas conducting facilities in fiscal 2016.
Crumbling infrastructure: 10% of Japan's water pipes past service life
Over 10 percent of all water pipes in Japan have aged past their legally designated 40-year service life, it has been learned.  Many pipes that were laid in the 1970s are due to be replaced, but a shortage in revenue from water bills due to a declining population has delayed the renewal process. In the meantime, problems such as water pipes bursting continue, and the Ministry of Health, Labor and Welfare is considering countermeasures.
Radiation-contaminated water at Fukushima plant on the rise
Forgot your bank card? Aeon Bank ATMs will read fingerprints

## China ##
How an emerging labour movement in China's Wal-Mart stores threatens expansion ambitions of all Western retailers
Keep watching as the decommissioning costs skyrocket. -- RF
Firefighters rescued nearly 2,000 obese people trapped in their homes in the past three years
The incidents involved fire and rescue crews using animal harnesses, crowbars, electric saws, shovels, and lifting and hydraulic equipment to free people

## US ##
Mayor Emanuel releases police plan
Mayor Rahm Emanuel is expected to announce changes in tactics and training for Chicago police on Wednesday, including a goal for every officer on street duty to be equipped with a Taser by summer.
Missouri Governor Warns of 'Historic and Dangerous' Floods
Swollen Midwest Rivers Bring Transportation to Standstill
'Historic' Floods Threaten 19 Levees Along Mississippi River
The Floods of Five Rivers Heading for the U.S. Industrial South
2015: The Year Police Killings in America Were Counted
America's Incarcerated Population, Largest in World, Grew Even More Last Year
Spending Millions to Save Much More: How the Uber-Wealthy Avoid Paying Their Fair Share
The Oligarch Tax Bracket – How the Tax Rate for the Wealthiest 400 Americans Plunged from 27% to 17%
Oil Slump Threatens $125 Million in North Dakota Property Debt
Pending Home Sales Decline 0.9%, Well Below Lowest Estimate; About that "Know Before You Owe" Theory
Tesla is growing so fast, it ran out of parking places and now has valet service for workers
Stocks Flash Crash Into Close As Emerging Market, Commodity Carnage Spreads
Americans Petition Obama To Declare Erdogan's Turkey State Sponsor Of Terror
Missouri Ravaged By Historic Flooding As Disaster After Disaster Continues To Hit America
Toys R Us closes flagship store: Ferris wheel, T-Rex and all
Well-Paid Pandering Pundits and the Fantasy of Reform
Any serious reform has to start with the dissolution of the existing political parties and the Federal Reserve. Anything less is self-serving, pandering fantasy.
Alaska governor: Unless oil hits $110, we need a tax hike
Drone Owners Overwhelm Federal Government's Registration System
Why The Fannie And Freddie Scam Lives On Forever
The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A 'Disposable Workforce'
Chicago PMI Crashes, New Orders and Backlogs Plunge to May 2009 Level; Service Economy Headed for a Slowdown?
Expect a Huge Jump in Layoffs in 2016; Eye on Initial Unemployment Claims: Have they Bottomed? 
NYC could allow more 'micro-apartments' as 60,000 people apply to live in below-market tiny units in Manhattan
What will the '1099 economy' look like in 2016?
Dow Closes in Negative Territory for 2015

## The candidates ##
Ben Carson Campaign Shakeup: Three Top Aides Resign As Campaign Struggles To Regain Momentum
In the Year of Trump, the Joke Was On Us
As I have said, Trump isn't who America needs, but he's certainly who America deserves. -- RF
Probing Bernie Sanders's Identity

And finally...
Filipino Priest Suspended for Using Hoverboard During Mass
Man Reported Missing in Shenzhen Landslide Found Alive… Playing Video Games
Raccoon drops into coffee shop roof to steal donut (video)

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