Thursday, October 29, 2015

 

News Links, October 30, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Hitachi Construction Slumps as Demand Slowdown Spreads Globally
Hitachi Construction Machinery Co., Asia's second-biggest maker of building equipment, cut its sales and profit targets for the year as a slowdown in demand in China extends to the developed world. Its shares fell the most in a month.
China steel industry expected to be forced into deeper output cuts
Iron Ore Sinks Below $50 as China Demand Sags, Supply Jumps
Update On The Housing Bubble Down Under–Australian Household Debt at 134% Of GDP Now Highest In DM World
Mind The 18-Wheelers–Cummins Engine Shares Plunge On Warning
Bombardier a symbol Canada can't keep bailing out
Russia's Putin urges wider rouble usage in oil deals
Deutsche Bank eliminates dividend
Norway's Sovereign Wealth Fund, World's Largest, Has Worst Quarter In 4 Years After Losing 21% On Chinese Stocks
Samsung Cuts Q4 Profit Forecast, Announces Share Buyback
TPP: Global Corporatocracy's Unborn Baby Just Got A Lot Bigger
North Korea's black market becoming the new normal
Hershey sees squeeze from growing U.S. income gap
Barbarous relic: As risks, uncertainty grow, so does reliance on gold
Whether they are stockpiling it for a rainy day or selling it to raise some quick cash, emerging countries are relying more and more heavily on gold.
China Abolishes One-Child Policy, But Will Families Take Advantage Of The Change Amid Economic Slowdown?
Angela Merkel China Visit: German Leader's 2-Day Trip Aimed At Bolstering Trade Ties
Global Property Bubble Set To Burst – UBS and Deutsche Warn
BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds

## Cashless society ##
People are hiding cash in their microwaves as Sweden gets closer to being the first cashless society with negative interest rates
Barcelona Officials Plan Alternative Currency
RushCard's glitch puts prepaid cards in spotlight
JPMorgan's Answer to Apple Pay and Other Mobile Wallet Apps: Chase Pay
Moving Toward a Cashless Economy

## Cut, baby, cut! ##
Engine maker Cummins to cut 2,000 jobs
Devon Energy Cuts 15% Of Staff In Canada
Meggitt Drops Most in 23 Years as Profit Slump to Hit Jobs
Meggitt Plc fell the most in two decades after the U.K. supplier of aircraft wheels and brakes said full-year earnings will fall short of forecasts following a "marked deterioration" in demand, causing it to seek 300 job cuts.
Verizon to Reduce Number of Regional Offices, Cut Jobs
Baxter to cut 1,400 jobs worldwide to boost profits
BP warns of further job cuts as profits fall 40%

## Airline death spiral ##
Family of 9 on Vacation Kicked off Plane, Claims They Were Called Animals
Lower fares please consumers, but worry investors
FAA Zeros In on Unsecured Tail Bolts; Risk Is Catastrophic
Laser Light Shone at American Airlines Pilot Landing at San Diego
Delta, claiming unfair competition, to scrap Atlanta-Dubai service
Is American Airlines' dip into bargain basement pricing a smart strategy?
American Airlines flight diverted after passenger's 'alarming' 9-11 speech
Plane catches fire on runway at Florida airport, 14 reportedly injured

## Fault lines/flashpoints/powder kegs/military/war drums ##
US to sail again near islands built by China
As China Warns Of War With US Over South China Sea, Australia Debate Naval Patrols In Support Of Freedom Of Navigation
Australia To Join Chinese Navy Exercises In South China Sea
U.S., Chinese navies agree to maintain dialogue to avoid clashes
Chinese vessels could ram US warships in S China Sea: Sina
Arch-rivals Saudi Arabia, Iran to discuss Syria face-to-face for first time
Breakthrough? Iran Accepts Invite for Syria Peace Talks with US, Russia
Russian bombers buzz carrier Reagan amid exercise
Russian Forces Strike Syria's Southern Rebels In Preparation For Pro-Regime Ground Offensive
Iraq To Washington: "We Don't Need Your Help Fighting Terrorism"
Brawls Erupt As Turkish Police Storm Media Group Linked To Erdogan Foe
U.S. Navy plans to launch drone submarine squadron by 2020
Jordan Moves Closer To Russia
Thailand Leader Prayut Says He May Stay In Power If Protests Disrupt Return To Democracy
Italian Mafia In Rome: City Can No Longer Fight The Mob, Italy Anti-Corruption Leader Claims
South China Sea Conflict Update 2015: Hague Agrees To Hear Claims From Philippines Over Disputed Territory
Two Palestinians shot dead after attacks on Israeli soldiers: security forces
"Desperate" Gazans face second winter in tents, animal shelters - UNRWA

## Migrants/refugees ##
Several Migrant Children Among Dozens Feared Dead Off Greece Coast
Hundreds of Refugees Vanish Without a Trace in Germany
Roughly seven hundred of 4,000 asylum-seekers who had been initially accommodated in the German state of Lower Saxony have mysteriously disappeared, and because of administrative breakdowns, local authorities are clueless about who and where they are.
Germany says Austrian handling of refugees 'out of order'
German government accuses Austria of driving refugees to the border after dark so they can cross into Germany
The Latest: Austrian chancellor avoids word "fence"
Austria Runs Out Of 'Long Guns' As Europeans Scramble For Protection Against "Islamic Invasion"
Austrians snapping up shotguns as thousands of Mideast refugees enter country
This Map Shows How Large Europe's Refugee Crisis Really Is
Bike shortage stems flow of migrants using Arctic route to Europe
This Is What The "Invasion Of Europe" Looks Like
Refugee applications in 2015 shatter annual mark by mid-October (Japan)

## Global unrest/mob rule/angry people/torches and pitchforks ##
Japanese Protesters Dragged Away As Work Resumes At US Airbase

## Energy/resources ##
Pouring oil on troubled waters: 'Surplus until 2017'
Petrobras Sells Stake In Gas Unit To Reduce Debt
NatGas Glut Mirrors The Problems Facing Oil Markets
U.S. Shale Lifelines Running Thin
Are the Fracking Vampires Going Bust?
Is it the Beginning of the End for the Alberta Oilsands?
Shell's Scrapped Oil Sands Project Highlights Major Issue For Canada
Death Watch in the Oil Patch
Australia could store nuclear waste for other countries, Malcolm Turnbull says
Moscow And Ankara Fall Out Over Syria, Gas Deals Now In Question
The Gasoline-Powered Car Could Be Gone By 2050
It's quite possible... but not in the way they think. -- RF
Shell's profits hit by big Arctic, Canadian write-offs
Oil Majors' Earnings Highlight Wider Industry Woes
How Long Can OPEC Hold Out?
Conoco posts quarterly loss, cuts 2015 spending target
Germany pays the price for switching off nuclear power
China's Nuclear Energy Boom Threatens Global Catastrophe. Coastal Array of 300 Nuclear Reactors Vulnerable to Earthquakes and Tsunamis
Marathon Oil Is First Major Shale Producer to Cut Dividend
Oil Companies Curtail Spending on Everything - Except Dividends
Oil executives are standing by promises to protect dividend payouts from the collapse in crude prices even as they fire workers, cancel drilling projects and sell everything from oil fields to aircraft to conserve cash.
Energy Majors Post YOY Financial Losses, Plan to Increase Production

## Infrastructure scavenging ##
Factory stripped of metal by thieves
Copper thieves plague Wyoming County power stations
Copper thieves, dressed as workers, damaging highway reader boards
Copper thieves strike downtown Reno construction site

## Got food? ##
European lawmakers reject national bans on GM food, feed imports
The European Parliament on Wednesday rejected a draft law that would have allowed member states to ban the use of EU-approved genetically modified food and feed on their territory, a step welcomed by the GM industry.
Scientists: Warming ocean factor in collapse of cod fishery

## Lifestyle solutions ##
Keeping heat in and near your body in a cool residence

## Environment/health ##
Indonesia's Deforestation-Fueled Wildfires May Be World's Worst Climate Crisis
You probably have herpes, the WHO says
Two-thirds of the world's population under 50 have the highly infectious herpes virus that causes cold sores around the mouth, the World Health Organization said on Wednesday, in its first estimate of global prevalence of the disease.
Residents in St Louis dying in record numbers from World War II radioactive waste
WHO: 5,000 North Koreans die annually from tuberculosis
UN scientists insist ozone is recovering despite huge hole
Job-related stress reduces workers' lifespans: study
Umbria residents warn medieval villages under threat from developers

## Intelligence/security/internet/cyberwar ##
Digital Rights 'Sold Off' as European Parliament Jettisons Net Neutrality
Universities Face Another Push to Criminalize Speech Criticizing Israel
FBI Director Finally Starts Answering Questions About Its Surveillance Flights Over US Cities
Marks and Spencer is Today's Data Leakage Scandal Loser
A web site glitch on the portal of M&S let Shopper A see the personal details of Shopper B when logged in yesterday, with the shopping giant taking its entire web presence down last night while it worked out exactly what had gone wrong.
Ted Koppel warns hackers could take down power grid
MIT Device Can Detect People Through Walls
Copyright Fail: 'Pirating' Academic Papers Not Only Commonplace, But Now Seen As Mainstream
Anti-Israel Activism Criminalized in the Land of Charlie Hebdo and "Free Speech"
Turns Out Police Stingray Spy Tools Can Indeed Record Calls
New DOJ Docs Confirm Stingrays Can Ensnare Bystanders
ACLU investigation reveals controversial surveillance devices are capable of intercepting "calling activity of all persons in the vicinity of the subject."
Anonymous Hackers Threaten to Release Names of Ku Klux Klan Members
When conspiracy is not a theory: an example of a false flag operation in the Italian invasion of Greece in 1940
European Union Calls For Edward Snowden Criminal Charges To Be Dropped: Will Whistleblower Find Asylum in Europe?
Censorship on Rise as Global Internet Freedom Continues Downward Spiral
Well over half of all internet users live in countries where criticism of the government, military, or ruling family has been subject to censorship online
How The EU's Proposed New 'Privacy' Rules Will Be A Tool For Massive Censorship
Three quarters of cars stolen in France 'electronically hacked'
Car consumer group in France calls for "urgent" security improvements in range of cars after it transpires that 74 per cent of those stolen are electronically hacked with Smarth Fortwo top of the theft hit parade

## Propaganda ##
Why Is The Daily Beast's Russia Critic Silent About So Many Hideous Abuses?

## Systemic breakdown/collapse/unsustainability ##
Embracing The Dark Side: A Short History Of The Pathological Neocon Quest For Empire
The U.S. Government Is Spending 400,000 Dollars On A Single Helmet
System to Recall Defective Tires 'Completely Broken,' Says Official
Ford recalls 129,000 SUVs to fix fuel leaks

## Japan ##
Japan's retail sales fall piles pressure on BOJ
The BoJ Owns 52% Of The Entire Japanese ETF Market , And Now It Wants More
Japanese protesters dragged away as work resumes at U.S. airbase
Kuroda's Stimulus Toolkit: Here Are Options for Bank of Japan
Groups opposed to security laws aim to collect 20 mil signatures
Japan military plans Vietnam port call to check Chinese expansion
MSDF ship to join U.S. naval exercises in South China Sea
Child Poverty SOS / I held my daughter's mouth shut: An 18-year-old's regret

## China ##
The Chinese Communist Party's Great Big Yucker—-A 5-Year Plan To Scale Back The State!
China Consumer Sentiment Sputters To Record Low In October, Report Says
China Steel Head Says Demand Slumping at Unprecedented Speed
Apple's Slumping iPad Sales Forces Closure of Chinese Factory
Crude "Tipping Point" Arrives: China Runs Out Of Space To Store Oil
China's answer for drought-plagued area: Move residents out
China's One-Child Policy Change Will Take Decades To Relieve Economic Pressures Of Aging Population, Experts Say
Oil cargoes bought for state reserve stranded at China port - sources
About 4 million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months due to a lack of storage, two trade sources said.
Faber's Epic China Bubble Amid Industry Slump Shows Up in Charts
Two more Japanese being held in China on spying charges

## UK ##
Average London home costs £500,000, while in north-east England it's £100,000
London house prices are the most overvalued in the world, report says
The Government has no workable strategy for actually reducing food poverty, Commission warns
Cambridge streetlights switch-off: city council says it won't pay to keep the lights on
Councillors left angry as streetlights remain off in Tendring this winter
British Gas logins exposed online
Global economic downturn fears prompt high street gloom
Puffins and turtle doves among four UK birds 'at risk of global extinction'

## US ##
The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills
Retirement Assets of 100 CEOs Equals Combined Retirement Assets of 41% of American Families
The Federal Reserve: Illusion of Understanding, Illusion of Control
And Now Trucking Is Suddenly Slowing Down
Paul Ryan's Same Ol', Same Ol'
10 arrested after building 'tiny homes' for the homeless in Denver park
The Biothreat Is Real — And We're Not Ready, Report Says
Barack Obama praises Prince Harry contribution to 'special relationship'
Wisconsin agency, small town fight over streetlights
Fed Drops Risk Warnings, Opens Door for December Hike: Who's the Fed Fooling? You, the Bond Market or Itself?
Congress and Obama tap petroleum reserve to plug hole in the budget
Record-Breaking 408 Earthquakes Hit Bay Area City Over Past 2 Weeks
Slew Of Major Retailers Say No To Black Friday
Retail Stocks Propped up by Only 3 Names
Chilling Thing Hershey Just Said About American Consumers
Everything you wanted to know about Paul Ryan
The Housing Mega-BubbleIs Definitely NOT Different This Time—–It's Much More Of The Same
Coming Soon from DOT: National Address Database, Driver Insights
Dirty Secrets, Hush Money, Conviction of Former US House Speaker Dennis Hastert; Was Justice Served? Could Gold or Bitcoin Have Helped?

## The candidates ##
Did Bernie Sanders Honeymoon In The Soviet Union? Lindsey Graham Blasts Democrat In CNBC Republican Debate
"The No. 2 guy [running for the Democratic nomination] went to the Soviet Union on his honeymoon, and I don't think he ever came back," Graham said to raucous applause.
Illustrating the dumbed-down, anti-intellectual nature of American politicians and their audiences, this is now politicians are able to score points. See following article. -- RF
GOP and the Rise of Anti-Knowledge
Television News Network Lobbyists Are Fundraising for Hillary Clinton
Candidates' claims: The Fact Patrol reports for duty
Trump says he carries a gun 'on occasion, sometimes a lot'
Donald Trump: Mexico going to pay for wall
NY Times Calls on Chris Christie to Drop Out of Presidential Race
Hillary Clinton's greatest hits
Does Ben Carson Believe Most Evangelical Voters Are Going to Hell?
The American Banana Republic – GOP Debate Spent More Time Discussing Fantasy Sports than Wall Street Reform
College-level speaking not required at the GOP debates


Tuesday, October 27, 2015

 

News Links, October 28, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Another Recession Warning: Global Bank Lending Is Cliff-Diving
Why China's interest rate cut may be bad news for the world economy
No India Growth Miracle–Just The Same Ol' Deficit Financed Public Sector Pork Barrel
Why A Russian Default is a Very Real Scenario in 2016
Iran to join BRICS New Development Bank – report
Governments shouldn't count on low oil prices: IEA
Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling U.S. output, a senior industry official said on Monday.
Indians Urged To Give Up Their "Idle Gold" For The Good Of The Nation
India-Africa Summit 2015: India Seeks To Challenge China's Dominance Through 'Unprecedented' Conference
Russia Running Out Of Money? Finance Minister Says Reserve Fund Could Be Drained In 2016
Negative Rate Alert! 8 European Countries Now Have Negative 5 Year Yields
Orders for U.S. durable goods fizzle again
Not "Off To The RACEs" - Ferrari Crashes Below IPO Price

## Cut, baby, cut! ##
Danish energy company Maersk Oil to reduce its workforce by about 20 percent
Monsanto to shutter three R&D centers in 2016, cut 90 jobs
Agrichemical company Monsanto Co plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said on Monday, as it restructures operations to cut costs in a slumping agricultural commodity market.

## Cashless society ##
Credit card payment system glitch curbs 300 cabs, hacks 'disgruntled'
Glitch with payment terminals provided by Spire Payments hits shops and small firms as they begin to gear up for Christmas rush
Sony PlayStation Store Plagued By Payment Glitches
Train rider has his contactless card e-pickpocketed
MasterCard tries out 'selfie pay' for online purchases
Retailers question chip card safety
The latest in the battle to own your digital wallet

## Airline death spiral ##
Do Declining Unit Revenues At Airlines Warn Us Of A Coming Downturn?
Specifically, U.S. airlines are getting noticeably less money per available seat mile than they were a year ago. Not only does that mean their average fare prices are down sharply (nearly 20% from their peak in May 2014 according to a Bloomberg analysis). It means all that extra dough they generate from charging for checking your bags and letting you select your seats, dinging you for other extra services, and hitting you hard for changing your itinerary still is not enough to offset the drop in fare prices.
Cramped airline seats raise fuel efficiency but lower comfort
American Airlines: Is It Time To Grab Your Bags And Get Out?
Russia Grounding Second Biggest Airline Over Safety Concerns
DGCA audit raises concern over Air India's ageing fleet
Controllers may soon guide planes via remote video
China to Merge its Three Largest Airlines as part of the state-owned enterprises reformation plans

## Fault lines/flashpoints/powder kegs/military/war drums ##
Defense secretary says US is retooling fight against IS
Signaling a possible escalation of U.S. military action in the Middle East, Defense Secretary Ash Carter said Tuesday that the United States is retooling its strategy in Iraq and Syria and would conduct unilateral ground raids if needed to target Islamic State militants.
US officials: Iran invited to next round of Syria talks
Top U.S. general says could recommend locating U.S. troops with Iraqis
Egyptian security forces kill 25 militants during operation in Sinai Peninsula
Eight civilians injured after India and Pakistan exchange fire near Kashmir border
Afghanistan Seeking Artillery, Mi-35 Helicopters From Russia Amid Growing Insurgency: Report
Kurds Turn To Washington Lobbyists To Convince Obama Administration To Arm Them Directly, Bypass Baghdad: Report
Russia Conducts Missile Drill In Barents Sea Near Norway As Aircraft Carrier Allegedly Prepares To Travel To Syria For ISIS Fight
US Navy sails near reefs claimed by China
Angry China says shadowed U.S. warship near man-made islands in disputed sea
US plans further patrols near islands built by China
South China Sea Dispute: US Ambassador Summoned By Beijing After American Ship Sails Through Disputed Zone
US Ally Saudi Arabia Bombs Another "Doctors Without Borders" Hospital
Evidence Mounts that US Military Knew They Were Bombing Active Hospital
Saudi Prince Arrested For Drugs In Lebanon: Royal Detained in Beirut After 2 Tons of Amphetamines Found On Private Jet
Warning Shot: Poland Elects Rightwing Eurosceptic, Anti-Immigration Government
Catalan 'independence declaration' to trigger showdown with Madrid

## Migrants/refugees ##
In migrant summit, EU leaders vow more capacity for arrivals
New Drone Footage Captures Scope Of EU's Migrant Crisis As Brussels Plans Refugee "Holding Camps"
U.K. deploys Type 23 frigate HMS Richmond to stop migrant smuggling
Fly, don't walk, EU will urge Balkan migrants
Migrant Balkan surge continues amid EU attempt to slow it
Amid ISIS Fears, Russia Detains 150 Migrants Over Potential Ties To Islamic Militants
'Like a poison': how anti-immigrant Pegida is dividing Dresden

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands mobilise against far-right rally in Cologne
Quentin Tarantino joins protesters in NYC for police brutality rally
Riot control mask partially developed by Army researchers
Protesters slam land reclamation resumption (Japan)

## Energy/resources ##
Pain For Oilfield Services Will Continue Even If Oil Prices Rebound
Oil And Natural Gas Prices Crashing Once Again
U.S. Oil Imports On The Rise Once More
The shale revolution in the U.S. led to a lot of crowing in recent years about America becoming "energy independent" and even an "energy superpower." But even at the peak of U.S oil production, it was still the largest oil importer in the world.
Maersk Oil to cut 1 in 10 jobs amid price slump
No light at end of tunnel for Lebanon's power crisis
Gazprom to see its lowest Europe gas price in 11 years
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering
With the bulk of quarterly earnings reports in the energy industry yet to be announced, there are already $6.5 billion worth of asset write-downs, according to Bloomberg. And that could be just the tip of the iceberg. A Barclays' assessment last week predicted $20 billion in impairment charges from just six companies.
Is This The Last Roll Of The Dice For The Offshore Sector?
Coal Trumps Solar in India
One year ago, environmentalists hailed this tiny village as the future of clean energy in rural India. Today, it is powered by coal.
Zimbabwe Dairy Industry Struggling with Electricity Shortages
Zimbabwe is battling its worst electricity shortage in years with hospitals, mines and army barracks that were traditionally exempt from disconnection, now going for up to 18 hours without power like all less strategic energy users.
New Silk Road Could See China Gain Control Of The Copper Markets
BP Shrinks Again To Weather Extended Oil Slump
BP announced a third round of spending cuts and more asset sales over the coming years on Tuesday to tackle an extended period of low oil prices and help pay for its $54 billion U.S. oil spill settlement.

## Got food? ##
Monsanto's GMO seeds have led to creation of 'superweeds'
The Big Bucks of Bacon: American Meat Industry By the Numbers
Study finds human DNA in some hot dog brands
Bird flu: Are we prepared for its return?

## Environment/health ##
Honey bee queens vulnerable to neonicotinoid insecticides
Desperation in the epicentre of Southeast Asia's haze crisis
Middle East Climate Change: Gulf Could Become Too Hot For Human Survival
Red Meat Cancer Risk Revealed By World Health Organization
Pooped out: absence of big mammals foils ecosystem fertilization
International Space Station filled with germs, Nasa warns
Bacterial pathogens mostly innocuous on Earth thrive in ISS as it is prime breeding ground, study that could lead to stricter space cleaning regime finds
Africa's lion population forecast to drop by half
Just 20,000 lions remain in Africa and the big cats have already become extinct in some parts of the continent, according to a new indepth study
Cutting Sugar for 9 Days Made Kids Look Healthier: Study
Kids who cut processed sugar from their diets for just nine days had lower blood pressure, cholesterol and blood sugar — a finding that supports the idea that sugar itself is a major culprit in heart disease and diabetes, researchers said Tuesday.
Why Restricting Your Eating Time Period To 8 Hours Will Transform Your Health & Fitness

## Intelligence/security/internet/cyberwar ##
Hackers figure out how to go back in time
A newly discovered hack could force computers to go back in time, creating the potential for attackers to decrypt communications, disrupt Bitcoin transactions and force network outages.
Facebook Caught Secretly Lobbying for Privacy Destroying "Cyber Security" Bill
Ahead of Senate Vote, Snowden Speaks Out to Stop CISA
Taxman and the Stingray: Revelations Show IRS Using Troubling Spy Gear
Google Turning Its Lucrative Web Search Over to AI Machines
The Military Industrial Complex Unicorn – Former NSA Chief Raises $32.5 Million for Startup Company
DOJ Claims Apple Should Be Forced To Decrypt iPhones Because Apple, Not Customers, 'Own' iOS

## Propaganda ##
Bowing to Silly US Propaganda
The U.S. government and mainstream media are so lost in their own propaganda that U.S. foreign policy lurches around the globe like a dangerous half-blind giant. False narratives are so powerful that even Sen. Bernie Sanders bends to the delusions, a danger to both U.S. national interests and the planet.
Tertullian was a conspiracy theorist: propaganda and irrationalism in Roman times and in ours
BBC Protects U.K.'s Close Ally Saudi Arabia With Incredibly Dishonest and Biased Editing

## Systemic breakdown/collapse/unsustainability ##
Don't Think the Status Quo Will Save You
Here's a chart that shows how the Status Quo "fixes" every problem: it transfers more debt and more losses to the taxpayers.
Nissan expands fuel leak recall to 59,000 sedans
Fiat recalls 65,760 trucks and 75,364 SUVs in United States
GM recalls 1.3 million older cars for fire hazard

## Japan ##
Reality Keeps Beating BOJ's Inflation Forecasts
Japan to downgrade centenarian tribute as number of 100-year-olds swells
Japan sees first two cases of chronic hepatitis E infection
Tepco completes sea wall to keep tainted Fukushima No. 1 water from reaching sea
Nearly 40% of Fukushima evacuation personnel exposed to over 1 millisievert
Sharp slashes operating profit forecast on slumping demand in China
Elementary school bullying at record high in 2014-2015 school year
Finance Ministry to call for elimination of 3,500 teaching jobs in FY 2016 because of declining birthrate
Bank of Japan Stepping Up Bond Buying Pace With or Without Stimulus Shift
Govt. white paper grapples with population decline
Anticipating more muscular missions, MSDF launches new minesweeper
Japan's Dog Population Also Shrinking

## China ##
A China twist: why are malls closing if consumption is rising?
China banks come back for more capital as bad loans pile up

## UK ##
Britain's economic recovery loses steam
The 'social supermarket': 25p store helps tackle food poverty
New warnings of extra steel job losses
UK manufacturers suffering slump in demand, CBI survey shows
Debt burden among Scotland's poorest students at record high
UK economic growth slows to 0.5%

## US ##
Short Sellers Lower Boom on Wall-Street Hype, Big Pharma
And Now Defaulted Leveraged Loans Go Kaboom
US home values and rents defying global slowdown
Cracks in the Economy Widen as Durable Goods Orders Sink
Regional Fed Reports Five for Five in Contraction; Texas Region Worsening, Richmond Negative Again
Half of Millennials live at home with parents
The economy still feels like it is in a deep recession for millions of Millennials.
Report finds retirement age increasing among millennials
Wal-Mart Symbol of U.S. Economic Condition
Wal-Mart seeks to test drones for home delivery, pickup
Prosecution of U.S. police for killings surges to highest in decade
With global outlook weak, many U.S. companies tighten belts
"Our Data Is Not Good" - US Companies Warn That A Recession Is Coming
Sales, Earning Estimates Contract First Time Since 2009; US Back in Recession?
Peak Housing 2.0: Sam Zell Dumps 23,000 Apartments In 2007 Deja Vu
Video Shows Cop Body Slamming High School Girl in S.C. Classroom
U.S. police chiefs call for background checks for all gun purchases
IBM Discloses SEC Investigation, Plunges to Worst Level since 2010, Even Share Buybacks Don't Work Anymore
Shale-rich Oklahoma expecting budget squeeze
U.S. Plans to Sell Down Strategic Oil Reserve to Raise Cash
Americans Renouncing US Citizenship Soars To Yet Another Record High

## The candidates ##
Donald Trump Got A 'Small Loan' Of A Million Dollars From His Dad, Said He's Been Told 'No' All His Life
Ben Carson Winning Iowa? Donald Trump Falls Hard In New Poll Ahead Of Debate
In shift, Jeb Bush turns to brother George W. for 2016 help
Guest Post: Donald Trump Says The U.S. Should Have Stolen Iraqis' Oil After Destroying Their Country

And finally...
Ukraine Election Update 2015: Chewbacca Arrested For Unlawfully Campaigning For Darth Vader
Dog named Trigger shoots owner in the foot in Indiana
Art installation in Italy ended up in the bin by cleaners who thought it was rubbish
Banker books flight to Brazil after big night out and has the time of his life


Sunday, October 25, 2015

 

News Links, October 26, 2015

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Government Debt in France and Italy Swells to Euro-Era Highs
Billions in Cheap Loans Show Why Brazil's Losing Inflation Fight
Canary On The Container Ship—Maersk Profit Warning Bodes Ill For World Trade
China Containerized Freight Index Collapses to Worst Level Ever
Draghi's Signal Adds $190 Billion to Negative-Yield Universe
German Deal Frenzy Driven By Scarcity Of Affordable Housing
Slumping Crude Will Send Norway To ZIRP As Economy Careens Toward Recession
The War on Cash
China Renews Commitment to Global Easing Party; US Tightening by Force
Amid Jerusalem Violence, Israel Trade Deficit Hits $462M: Report
IMF Prepared to Bless Yuan As Reserve Currency; Reason to Celebrate? Any Real Significance?
Danish Blues: Low Inflation, Low Interest Rates and a Housing Bubble (Just Like the USA)
Iron Ore Is Buckling Again as Supply Jumps, China Demand Sags
Why India is rolling out the red carpet for all 54 African countries
A lot of ink was spilled here, but it boils down to this: Resources and markets. -- RF

## Cut, baby, cut! ##
3M plans global job cuts
State Street to cut 600 jobs, including 170 in Boston
Oil service firms deepen job cuts
Government warned wave of solar job losses is in pipeline thanks to "crazy" subsidy cuts
Microsoft quietly ended another round of jobs, up to 1,000 this time
GM to cut 500 jobs, eliminate shift at small-car plant near Detroit

## Airline death spiral ##
American to launch bare-bones airfare in 2016 to rival Spirit
Struggling Malaysia Airlines Offers 50 Percent Discount
Airline Losses to Come Down 35% This Fiscal (India)
7 terrifying airplane seat patents
10 ridiculous stunts by passengers to avoid paying baggage fees, revealed by an airline
Air rage: Three Chinese passengers thrown off aircraft in Cambodia after scuffle broke out over plane seat
12 years after final Concorde flight, supersonic jets are making a comeback

## Fault lines/flashpoints/powder kegs/military/war drums ##
Unusual Level of Naval Power on Display the World Over
From the western Pacific to the Indian Ocean, from the Mediterranean to the eastern and northern Atlantic, all the way to Latin America, naval forces have undertaken an explosion of major exercises — many of them much larger than normal. Dozens of countries, thousands of military personnel and three US aircraft carriers have been taking part.
Russia, US, Turkey and Saudi fail to agree on Syria
Kerry sees new Syria talks next week, does not rule out Iran role
Air strikes in Syria kill 14 civilians: monitor
Russia Says Ready To Support Free Syrian Army With Airstrikes
Russian Islamic State Airstrikes In Iraq: ISIS OK For Russia To Target, Baghdad Says
Russia, Jordan agree on military coordination on Syria
Vladimir Putin accuses US of backing terrorism in Middle East
U.S., Saudi Arabia to bolster support for moderate Syrian opposition
Tony Blair apologises for Iraq War mistakes and accepts invasion had part to play in rise of Islamic State
UK Nuclear Deterrent To Cost $256 Billion, Far More Than Expected
Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power
French far-right Le Pen family set for regional power wins: poll
Israel's right-wing violence 'a cause' of Palestinian attacks, says IDF commander
Rebuffing Peace Chances in Syria
Official Washington's neocon-dominated "group think" on Syria is that everything is the fault of President Assad and Russian President Putin, but the actual history shows many missed opportunities for peace because of the U.S. obsession with dictating "regime change" in country after country.
Superyacht Getaway Subs And Luxury Bomb Shelters: The Elite Are The Most Paranoid Preppers Of All
Barcelona Threatens to Print Parrallel Currency, Madrid Seethes
South Korea Fires Warning Shots At North Patrol Boat Near Border

## Migrants/refugees ##
More than 50,000 migrants arrive in Greece in one week, the highest total of 2015
Hungarian Prime Minister Says Refugees Will Harm European Values
Race against winter increases pressure on desperate Syrians to reach Greece
EU Minisummit Seeks Unity In Balkans On Refugee Crisis
Refugees will freeze to death, warn EU head
Sweden's Migration Projection Doubles in Three Months (And It Won't Stop There); No Cash, Just Vouchers (Hah!)
Bulgaria, Romania, Serbia Ready to Close Borders for Migrants
"If We Don't Find A Solution Today, It's The End Of The European Union" - Refugee Crisis Hits Tipping Point

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters disrupt Trump speech in Miami
Rise Up October NYC Police Brutality Protest Results In Multiple Arrests: Report
Montenegrin police fire teargas to disperse opposition
Denver police arrest multiple Occupy protesters
9 injured in clashes outside Turkish Embassy in Tokyo

## Energy/resources ##
BP Sheds More Assets To Pay For Deepwater Horizon Disaster
U.S. Shale Drillers Running Out Of Options, Fast
Much has been made about the impressive gains in efficiency and productivity in the shale patch, as new drilling techniques squeeze ever more oil and gas out of new wells. But the limits to such an approach are becoming increasingly visible. The U.S. shale revolution is running out of steam.
U.S. oil drillers cut rigs for 8th week on low crude prices -Baker Hughes
EDF says may need partners for nuclear newbuild in France
Texas Oil And Gas Both Decline In August
Vale Earnings Slide as Metal Meltdown Blunts Cost Cutting
IEA report on benefits of coal is 'deeply misleading'
Moody's: Oil & Gas Not Making the Grade
Saudi Arabia Oil Monopoly: Could Russia and Iran End it?
Yieldco slump raises questions over future profits
A precipitous drop in share prices over the past three months is raising questions over the long-term viability of yieldcos as a way to raise capital for renewable energy infrastructure.
Rubber farming: Too much supply has tire makers worried
Natural-gas futures sink to a more than 3-year low, prices drop below production profit level
China's Yantai Xinchao To Buy US Oil Fields For $1.3 Billion
Nuclear plants dip into dismantling funds to pay for waste
With a federal promise to take highly radioactive spent fuel from nuclear plants still unfulfilled, closed reactors are dipping into funds set aside for their eventual dismantling to build waste storage on-site, raising questions about whether there will be enough money when the time comes.
As I've observed repeatedly, there will never, ever, be enough money for nuclear power plant decommissioning and waste treatment and storage. Much waste will go unguarded for lack of funds. See next item. -- RF
Since 1995, the IAEA's member States had reported nearly 2,800 incidents involving radioactive material escaping regulatory control.
With less and less money available to manage radioactive materials, such incidents are bound to increase. -- RF
Latest US nuclear plant has taken 42 years to come online
China to supply 1.3 million liters of gasoline to fuel-starved Nepal
Qatar Faces Limited Oil Growth, EIA

## Infrastructure scavenging ##
Metal thieves target the exhausts of Mercedes-Benz Sprinter vans
Catalytic converters are being stolen from cars across Amarillo

## Got food? ##
Cheese is addictive as drugs, study finds
Research by University of Michigan finds love of pizza is largely because of cheese addiction
Hunger looms over Ethiopia as El Nino drives drought
Bacon and other processed meats cause cancer, claims WHO report
Grub Kitchen: Welcome to Britain's first insect restaurant
Food Standards Australia and New Zealand's aboutface on nanoparticles in lollies and sauces

## Environment/health ##
Oil production possibly linked to Oklahoma quakes since 1930s: USGS
Toxins remain in clothes long after manufacturing
When researchers in Sweden tested dozens of garments from popular clothing lines, they found thousands of chemicals leftover from the manufacturing process.
Europe's top privacy watchdog calls on firms to curb U.S. data transfers
Europe's top data privacy watchdog called on firms to limit transfers of Europeans' personal data to the United States, sounding a warning after a court struck down a pact between the regions over concerns about U.S. government surveillance.

## Systemic breakdown/collapse/unsustainability ##
Maserati Recalls Some $141,500 Quattroportes Due to Risk of Fire
Inpex considers revival of abandoned Akita oil field
Resources developer Inpex Corp. will survey a long-closed oil field in Akita Prefecture to study the feasibility of resuming crude production via advanced technologies, its officials said.


## UK ##
Shelves could be empty this Christmas 'if 50k truckers aren't found'
Road Haulage Association says the industry is tens of thousands of drivers short of the number that is needed
Patients waiting more than 12 hours in A&E rise 10-fold in three years
Senior doctors reveal the number of patients waiting on trolleys has surged to an "unacceptable" level
Bay Area real estate mania inspires crap shack documentary.
Shale boom floods market with low-octane gasoline

## The candidates ##


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