Sunday, January 10, 2016


News Links, January 11, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever
Chart Of The Day: Worst Opening Week For Stocks In History——Markets Down By $1.36 Trillion
Global stock index has lost $2 TRILLION this year
Wall Street takes another beating as Dow loses 392 points; China nixing 'circuit-breaker' safeguard
Asian Shipbuilders Brace For Rough Times As Offshore Sector Wavers
The offshore industry is beyond awful at this point. Offshore drilling is one of the most complex and capital intensive forms of E&P, and with every oil company in the world from Exxon to Mom & Pop operators looking to cut back, demand for offshore rig services is on life support. That reality is obvious looking at the abysmal performance of the world's biggest ship builders which happen to be a trio of Korean companies.
More key Apple suppliers cut revenue forecasts
Commodities Rout Forces Resource Firms to Slash CapEx, Dividends
Junk-Bond Risk Gauge Jumps as China Meltdown Adds to Energy Rout
Brazil Slides Into The Brink—-Industrial Production Down 12% Y/Y
Emerging Market Meltdown Sinks Spain's Biggest Companies
China Slowdown to Hurt Export-Heavy Singapore the Most in Southeast Asia
Dubai Real Estate Reality Check Felt by $20 Billion Developer
Brazil inflation hits 13-year high amid political crisis

## Cut, baby, cut! ##
Malaysia to slash 2016 budget amid falling oil prices
Uganda: Govt to Cut Budget By Shs 4 Trillion
Baker Hughes: US Oil Rig Count Lowest Since 2010 As Drillers Step Up Cuts
The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday.
Saudi plans spending cuts, reforms to shrink huge budget deficit

## War on cash/cashless society ##
Plastic money set to become a way of life
Unruly passenger diverts Charlotte-to-Las Vegas flight
"Air traffic congestion above Tokyo Bay is reaching the limit," an official at the transport ministry said. "We need to create new flight routes in order to maintain international competitiveness."
US government not ensuring pilot skills are sharp
The government is falling short in ensuring airline pilots keep up their flying skills and get full training on how to monitor sophisticated automated control systems in cockpits, according to the Transportation Department's internal watchdog.

## Fault lines/flashpoints/powder kegs/military/war drums ##
ISIS Moving In On Libya's Oil Fields, Recruiting Engineers To Boost Revenue

## Migrants/refugees ##
Two teenage girls gang-raped by four 'Syrian nationals' in southern Germany
Reports flood in of sexual assaults against women across Germany as leaked police report states Cologne suspects 'claimed to be Syrian refugees'
Hungary says migrant influx to Europe must be stopped altogether
Hungarian prime minister calls for fences to be built on Greece's northern border to stem flow of refugees

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Migrant Protest Turns Violent As German Welcome Cools

## Energy/resources ##
Rig Count: Capitulation?
After last week's moderate drop in rig count, the amount of horizontal oil rigs seems to implode this week.
As Developed Countries Turn From Coal, India Fires Up Production
India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer toward energy self-sufficiency.

## Environment/health ##
In the report, titled "Extreme Geo-hazards: Reducing the Disaster Risk and Increasing Resilience,"  scientists predict that the Yellowstone volcano will erupt within 70 years and will have the potential to wipe out a considerable amount of the western United States.
Activists warn smog in Poland's top winter resort denser than in Delhi
US researchers are trying to grow human organs inside pigs and sheep

## Intelligence/security/internet/cyberwar ##

## Propaganda ##
A US Media Lost in Propaganda
There was once a time – perhaps just a brief moment in time – when American journalists were cynical and responsible enough to resist being jerked around by U.S. government propaganda, but that time has long since passed if it ever existed.
Censoring the Media at Home and Abroad
China Wants Party's Voice "Strongest in Cyberspace"
The Cyberspace Administration of China announced after a two-day work conference this week that making the views of the country's ruling Communist Party the "strongest voice in cyberspace" is its top priority for 2016.

## Systemic breakdown/collapse/unsustainability ##
2016 Theme #5: The Systemic Failure of High Finance
Rio (Corporatist) Olympics in trouble as Brazil faces massive unpaid bills, cutbacks on basics

## UK ##
North Sea oil faces wipeout as prices keep on plunging
Exploration has been cut right back, jobs are being slashed, operators are going bust and there is no relief in sight
Only four out of 10 trains are running on time on many of Britain's busiest routes, with CrossCountry and TransPennine trains the least likely to arrive on schedule, according to punctuality figures from Network Rail.
'Snooper's charter' will cost British lives, MPs are warned
William Binney, a former technical director of the US National Security Agency (NSA), told parliamentarians that the plans for bulk collection of communications data tracking everyone's internet and phone use are "99% useless" because they would swamp intelligence analysts with too much data.

How Debt Conquered America
America presents itself to the world as "the land of the free" but – for the vast majority – it is a place of enslaving indebtedness, a reality for much of "the 99%" that has deep historical roots hidden or "lost" from our history.
I already know the winner of the next Powerball drawing
Who is it? It's the federal, state and local governments, which grab up to two-thirds of the jackpot

## About that jobs report ##

## The candidates ##
Taking Aim at the Israeli Boycott
Mainstream U.S. presidential candidates are lining up behind Israel's demand that the next "leader of the free world" take aim at Americans who express their contempt for Israel's persecution of Palestinians through a boycott.

And finally...
Lottery winners demand benefits again after spending £50k in eight months
Man overjoyed as woman who crashed into his car turns out to be famous porn star
The Dumb and the Restless
Ammon Bundy and his band of weeping, self-pitying, gun-toting, wannabe-terrorist metrosexuals are America's most ridiculous people
Seriously: Oregon 'terrorists' don't plan siege very well, put out plea for snacks and supplies
Husband hides secret stash of money from wife inside quilt, wakes up to find it munched away by their dog
Man beset by bedbugs sets apartment ablaze

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