Tuesday, January 12, 2016


News Links, January 13, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Hedge-Fund Dazzle Has Peaked, Record Closures Next
The China Syndrome: The Coming Global Financial Meltdown
All the phantom wealth piled up in China's boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets.
Chinese Shipyards "Vanish" As Baltic Dry Collapses To New Record Low
Petro States Dipping Into Coffers As Oil Price Reality Kicks In
Australia bet the house on never-ending Chinese growth. It might not end well
Let's Not Kid Ourselves: The Capture of the World's Most Wanted Businessman Changes Nothing
At the beginning of the global financial crisis, Antonio María Costa, the former Under-Secretary of the United Nations Office on Drugs and Crime, warned that the European banking system had lowered its security barriers, opening the financial floodgates to drugs money. To this day not a single European government or politician has responded to Costa's accusation that the European financial system was as good as saved by the global drugs trade — none more so than everybody's favorite offshore tax haven, the City of London.
Copper sinks to lowest since 2009 amid China gloom
Investigating Claims "North Atlantic Trade Ground to a Halt, No Ships Moving"; The Real Shipping Story
Contrary to popular myth, shipping has not ground to a halt. However, shipping volumes and shipping rates have both plunged. 2015 was a disaster by any measure. There's no need to exaggerate. Reality is bad enough.
Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?
Sweden's Banks Caught in Cash Burn as Deposits Swell to Record
Unintended Consequence of Negative Interest Rate Madness: Swiss Canton Begs Taxpayers "Please Delay Tax Payments"
Rand Meltdown Brings South African Recession, Junk Rating Closer
Oil plunge spurs bold call that Bank of Canada will cut rates next week
Russian Stocks Are Crashing
The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash
Rio 2016 Faces a Carnival of Unusual Problems
As nation flounders in recession, organizers fret over bloated budgets, unsold tickets, mass transit pitfalls—even mosquitoes
Alcoa Closes Big Plant—-US Aluminum Output To Hit Lowest in 65 Years
The Cascade Of Deflation—-Asian Shipyard Demand Collapsing
About 140 yards in the world's second-biggest shipbuilding nation have gone out of business since 2010, and more are expected to close in the next two years after only 69 won orders for vessels last year.
As oil plunges, energy companies cut jobs, postpone projects
Decoupling Ridiculousness; US Rail Traffic Is Outright Recessionary
Istanbul Bomb Threatens Tourism Already Reeling From Putin Snub
Sales surge after U.S. Mint quadruples silver coin allocation
Investors fleeing China's stock-market turmoil seek safety in gold
Corporate-Credit Outlook at Worst Since Crisis, S&P Says
Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall "Hyperinflation Monster"

## Cut, baby, cut! ##
Fears of fresh steel jobs losses as crisis continues to hit industry (UK)
Monsanto adds 1000 to job cut tally
BP Slashing 4,000 Jobs As Oil Prices Fall

## War on cash/cashless society ##
Around the world in 80 payments – global moves to a cashless economy
Thailand: Headed Toward A Cashless Society
Starbucks, Walgreens to add Visa Checkout as payment option

## Airline death spiral ##
Global air freight demand may have bottomed out: IATA
Airport security anything but foolproof, survey shows (Japan)
Body scanners to be installed at all intl airports (Japan)
United Airlines sales hurt by Paris attacks, weaker oil industry demand
China To Build 66 New Airports Over The Next Five Years
Compounding the problem is the fact that Chinese airlines have been rated as some of the worst in the world, and that Chinese passengers normally have to endure numerous flight delays when traveling in China.

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Saudi-U.S. relationship: Shakier than ever
Russia Airstrikes In Syria 2016: Thousands Of ISIS Targets Hit By Moscow's Jets This Year
Russian Airstrike Hits North Syrian School, Kills 12 Children
South Korea, US weighing deployment of additional firepower
Despite Russian Threats, NATO Missile Defense Plan In Europe Must Continue, US Official Says
How Low Oil Prices Are Transforming Global Politics In Startling Ways
Iran-US Navy Dispute Live Updates: Iranian Military Holds 10 American Sailors On Iran's Farsi Island
Amid South China Sea tensions, Philippine top court OKs military agreement with U.S.
EU in Stress: the German-Polish Clash
The strains on Europe from neocon-devised policies of "regime change" in Syria and Ukraine are resurfacing historical divisions and reviving old animosities among European states, including a war of words between Angela Merkel's Germany and Poland's new right-wing government.
Putin says he wants global cooperation against terrorism: Bild
Police log 600-plus criminal complaints about Cologne, other NYE attacks
New President Of Catalonia Vows Independence From Spain By 2017
Gunmen occupy Baghdad shopping mall, killing 10 and taking hostages
Pakistan Would Defend Saudi Territory, but Not Join Coalition
U.S. Dropped 23,144 Bombs On Muslim-Majority Countries In 2015
U.S. top court rejects Nestle bid to throw out child slavery suit
NATO interception of Russian planes in Baltics rise
Saudi Arabia & Turkey are greatest dangers to world peace – VA state Senator
Analysis finds North Korea faked footage showing submarine-launched missile test
El Chapo's capture won't help win the war on drugs
Iran Removes Heavy Water Reactor Core, Fills It With Cement

## Migrants/refugees ##
Pope Warns Migrant Influx Threatens Europe's 'Humanistic Spirit'
Massive Coverup Exposed In Sweden As Media, Cops Hid Migrant Sex Attacks
Sharp drop in Rohingya migrants after Thai, Bangladesh crackdowns on smugglers
Germany turning back more migrants, Austria says, after Scandinavian curbs
Central American immigrants scramble for options to deportation by U.S.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest in HK over missing publishers; booksellers worried
Thousands protest over contested French airport site
Whoa: Federal Agencies Sure Are Stocking Up On The Tactical Gear, Huh? (US)
While the debate around the militarization of police has pretty much gone away, it's still a point of consternation for those concerned about the state of our civil liberties. As the Washington Times  reported, since 2006, 44 agencies spent $71 million on tactical gear.
German Biker Gangs Attack Foreigners In Migrant "Manhunts"

## Energy/resources ##
Arthur Berman: Why The Price Of Oil Must Rise — Supply shock is inevitable
Unless oil prices rise, the whole extraction system will collapse. -- RF
Power shortages cripple industries (Nepal)
Puerto Rico utility needs deal to avert blackouts -executive
Puerto Rico could face widespread blackouts if its power utility, PREPA, runs out of cash, the company's chief restructuring officer told a congressional panel on Tuesday, arguing that the utility needs access to federal bankruptcy law to help close a deal to restructure its debt. 
IT Strategy: Power shortage coming your way (UK)
Saudi Arabia not planning to offer shares in Aramco: Sources
Political promises squeeze Canadian oil industry
Crashing Oil Prices And Dropping Rig Count Take Their Toll On U.S. Output
Half of US shale drillers may go bankrupt: Oppenheimer's Gheit
US Shale Output To Fall 116,000 Bpd mo/mo In Feb.
Morgan Stanley Joins The $20 Oil Club
$20 Oil Is Now A Distinct Possibility As Chinese Demand Wanes
Demolition Derby—— Saudi Light Crude Down To $27.54 Vs. WTI At $31.41
Oil plunges to $30, Dallas Fed President Sucker-Punches any Surviving Oil Bulls
Arch Coal Files For Bankruptcy As Plunging Prices, Weak Demand Batter US Coal Sector
Cut in China's energy supply could 'paralyze' North Korea, analyst says
Rig Trends: 2015 - A Year to Forget for Rig Market
Beyond Oil, Iran Mulls Ramping Up Gas and Electricity Exports
The world so desperately needed Iran's oil... and then suddenly it didn't. -- RF
EDF sinks to all-time low as nuclear waste cost estimate soars
Long-time readers know that I've consistently said "too-cheap-to-meter" nuclear power will be far more costly than anyone ever imagined. And the unpleasant surprises are just beginning. -- RF
Texas drilling activity slumps
'The worst has not yet come': Oilfield services executives paint grim 2016 outlook (Canada)
Bahrain, Oman Cut Gas Subsidies as Oil Hits 12-Year Low
Petrobras Cuts Spending Plan Again As Oil-Price Drop Bites
No glut in Australian petroleum inventories

## Got food? ##
Against the grain: Agriculture grapples with price pressures
Antifragile Food Systems
Reinventing the Greenhouse: Chinese passive solar greenhouses
El Nino and drought take a toll on Zimbabwe's cattle
'Fast food' becoming a dirty term in restaurant industry

## Environment/health ##
Study: Emergency room drug shortages quadruple over eight years (US)
Climate Change and the Horse Manure Catastrophe
Food preservative kills cancer cells, superbugs in mice
Fracking-Related Earthquakes Lead Oklahoma to Increase Regulation of Wastewater Wells
Is A Massive Earthquake Inevitable In Oklahoma?
Oklahoma was shaken late Wednesday night by two of the strongest earthquakes to hit the state in recent years, the latest in a series of temblors that many researchers believe are caused by the burial of wastes from oil and gas drilling in the state.
Human-Animal Chimeras Are Gestating on U.S. Research Farms
Toxic "Reform" Law Will Gut State Rules on Dangerous Chemicals
What Is Zika Virus? Case Confirmed In Texas
'Flaring' wastes 3.5% of world's natural gas

## Intelligence/security/internet/cyberwar ##
The new way police are surveilling you: Calculating your threat 'score'
Do police and politicians also have threat scores? -- RF
TVs Now 'Smart' Enough To Get Hijacked, Pick Up Malware
GM says you don't own your car, you just license it
GM has joined with John Deere in asking the government to confirm that you literally cannot own your car because of the software in its engine.
Man with Muslim name blocked from playing video game
EE and other networks down: Network hit by dropped calls across the UK
Juniper drops NSA-developed code following new backdoor revelations
Successful Cyber Attack Ukraine Raises Fears Of Threats To Energy Infrastructure
Anti-Muslim Backlash 2016: Fake Website For Mosque Near Chicago Touts ISIS, Islamic Extremism
U.S. helping Ukraine investigate December power grid hack
Researchers: ISIS Now Has a New Secure Messaging App
PC sales fall for fourth consecutive year
Electromagnetic Pulse (EMP) articles
Stricken Fukushima nuclear power plant now a popular destination
The decommissioning work is expected to take decades.
They'll run out of money long before finishing. -- RF

## Propaganda ##
Why the War Party Dominates the Media
What Hillary Knew about Libya
In Official Washington's propaganda world, the U.S. government and its "allies" are always standing for what's right and good and the "enemies" are the epitome of evil doing the vilest things. But some emails to Secretary of State Hillary Clinton depicted a far different reality.
The Power of Exaggerated Fear
As the American middle class shrinks and citizens feel vulnerable and angry, politicians have found that exaggerating the dangers from some bogeyman – "the Muslim terrorists are out to get you!" – works wonders in distracting them from far more serious threats.

## Systemic breakdown/collapse/unsustainability ##
One year after VA scandal, the number of veterans waiting for care is up 50 percent

## Japan ##
Japanese profits surge, but not wages
Bosses hold back on pay raises for workers, creating a major stumbling block for Japan's 'Abenomics' strategy for economic growth
Cafeterias fighting child poverty
A government survey shows that one out of 6 children in Japan lived in poverty in 2012.
14,000 temporary units still occupied by Fukushima evacuees
2015 census saw populations fall in disaster-hit Fukushima, Miyagi, Iwate
Govt to order seaborne policing action in case of China's intrusion
Abenomics At Work—-Japanese Stocks Fall 6th Straight Day, Down 9.4% YTD
Rakuten Card sets new record with more than 12 million members
Abe oblivious to people's hardships, says magazine
Japan's Newest Adults Pessimistic About Nation's Future
Tokyo investors smarting as Nikkei tumbles 479 points

## China ##
China's wall of silence over missing Hong Kong booksellers
Gone Missing: When Chinese Companies Lose Track of Their Leaders
China's Stocks Extend World's Worst Selloff Amid Growth Concern
China Declares War on Currency Speculators; Interbank Yuan Rates Spike to Record High 13.4%
What Will China Dump Next, After Treasuries, to Keep Control?
Chinese regulator asks banks to cut wealth management yields - sources
China Crude Oil Demand Cracking—-November Down 2% Y/Y
Dalian Wanda: Group's $3.5bn studio deal comes as Hollywood pivots to China
Chinese state shipper Cosco Group to acquire key Greek port
The Ministry of Environmental Protection would like to assure everyone that North China smog is not caused by radiation

## UK ##
'National crisis' looming in teaching, unions warn
UK government misses own green targets
Bird flu in Fife: Cull ordered after strain found on poultry farm
UK house prices to crash as global asset prices unravel
Asset prices around the world are collapsing as the global economy slows and UK housing will not escape
Scrap Bank of England's powers after century of boom and bust, says think-tank
RBS cries 'sell everything' as deflationary crisis nears
RBS has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
Illegal immigrants 'use small boats to breach Britain's border controls'
David Cameron admits 70,000 moderate Syrian army contains 'relatively hardline Islamist militants'
Pound plunges to five-year low on 'rubbish' UK manufacturing performance

## US ##
Surviving the Slump: In West Texas, residents are riding out the latest oil bust
Plunging prices could force a third of U.S. oil firms into bankruptcy
Bear Market: The Average U.S. Stock Is Already Down More Than 20 Percent
The rise of the part-time and disposable employment army
Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
Sales Downshift at Heavy Truck Makers
Lackluster demand for hauling freight curbs big-rig purchases; dealer inventories are bulging
Bank of America: Rail Traffic Is Saying Something Worrying About the U.S. Economy
Railroad cargo in the U.S. dropped the most in six years in 2015, and things aren't looking good for the new year.
Sorry Warren Buffett: Things Just Went From Bad To Worse For U.S. Railroads
Is the Auto Loan Bubble Ready to Pop?
FBI Turns 18-Year-Old With An IQ Of 51 Into A Terrorist; Dumps Case Into Laps Of Local Prosecutors
Texas Governor Calls for Constitutional Convention to Curb Federal Power
Ar­guing that the fed­er­al gov­ern­ment has "run amok" and trampled over states' rights, Texas Gov. Greg Ab­bott on Fri­day un­veiled a plan to over­haul the U.S. Con­sti­tu­tion through a con­ven­tion of the states.
Are We Entering an Earnings/Sales Recession?
Reading Yield Curves and Finding Only the Death of Money
Pigs at the Trough: Rating Agencies as Corrupt as Ever
Gov. Scott Walker Says No Pardon for 'Making a Murderer' Subject Steven Avery
Banksters Win Again – "Audit the Fed" Bill Fails in the Senate
Oil Plunging Into $20s—-One-Third Of US Industry Faces Bankruptcy
Ideologies pose challenge to criminal justice system
Passenger shot and killed on Bay Area train
Even the rich want in on record-breaking Powerball
100,000 NYC School Children Face Airport-Style Security Screening Every Day
Chicago Schools In "Dramatic Trouble": "They're Looking At A Disaster," Illinois Governor Warns
Meanwhile In Chicago, 120 People Shot In First 10 Days Of 2016
93% Of American Counties Haven't Recovered From The Recession

## The candidates ##
Donald Trump: 'Football's become soft'
Who's the Real Progressive? A Side by Side Comparison of Bernie Sanders and Hillary Clinton's Lifetime Donors
Donald Trump Rides a Big Wave of Disgust
The Trump problem: The threat of narcissistic personality disorder
Clinton seeks surcharge tax on wealthiest tier of Americans
Muslim Terrorists Attending State Of The Union? Ben Carson Complains About CAIR Civil Rights Group
White nationalists urge support for Donald Trump in Iowa
Trump trolls Cruz by playing 'Born in the USA' at rallies

And finally...
Tourist's attempt to kiss snake ends with nose bite
Thief with python in pants 'lucky it wasn't feeding day'
Motorist with brother on hood crashes into police car
Passenger takes turkey on flight as 'emotional support animal'

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