Thursday, January 14, 2016


News Links, January 15, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Canadian Stocks in Bear Market, Loonie Swoons, Crude Crashes to $16, Consumer & Business Confidence Dives…
$3.17 TRILLION wiped off global stocks so far this year
Glencore CDS Spike to Record
Beware the great 2016 financial crisis, warns leading City pessimist
Albert Edwards joins RBS in warning of a new crash, saying oil price plunge and deflation from emerging markets will overwhelm central banks, tip the markets and collapse the eurozone
New Reporting Rule Flushes Out $3 Trillion Of Hidden Global Debt
Companies around the world will be forced to add close to $3tn of leasing commitments to their balance sheets under new rules from US and international regulators — significantly increasing the net debt that must be reported by airlines and retailers.
Saudi Debt Risk on Par With Junk-Rated Portugal as Oil Slides
Russia aims to break Wall Street's monopoly on oil prices
Later in November the Russian Energy Ministry announced that it will begin test-trading of a new Russian oil benchmark. While this might sound like small beer, it's huge. If successful, and there is no reason why it won't be, the Russian crude oil benchmark futures contract traded on Russian exchanges will price oil in rubles and no longer in dollars. It is part of a de-dollarization move that Russia, China, and a growing number of other countries have quietly begun.
Huge Miner Bankruptcies Possible Soon; Great News For Gold And Silver, Bad News For Streaming Companies?
World Trade is Coming to a Halt
The Dow Falls Another 364 Points And We Are Now Down 2200 Points From The Peak Of The Market
Indonesia cuts interest rates to help economic growth
Leading Copper Producer Chile Announcing 'Drastic Cuts'
Industry impact on low oil prices 'brutal'
Momentum fading for global economic growth and inflation: poll
Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world.
Puerto Rico 10 Days After … Default (Muni Yield At 26%!)
Money Leaving Emerging Markets Faster Than Ever Amid China Slump
Morgan Stanley, Goldman Sachs Fall Below Tangible Book Value
The Era Of Cheap Credit Is Over, Time For Markets To Wake Up
The latest must-have for the super-rich: A superyacht fit to carry a plane on it

## Cut, baby, cut! ##
GE says plans to cut 6,500 jobs in Europe in next two years
Goldman Plans Job Cuts In Fixed-Income Area
GoPro Plans Job Cuts as Sales Fade
Bauxite job cuts: Noranda to slash 190 positions
Job Cuts Loom in SA Mining Sector

## War on cash/cashless society ##
The International War on Cash
Christmas shoppers boost rise in card spending as cash withdrawals fall
Credit card companies, banks and big retailers are winning their war on cash, with a marked rise in credit-card spending in the lead-up to Christmas as Reserve Bank of Australia figures also showed a decline in ATM withdrawals.
Dubai strives for cashless society
China buyers go virtually cashless

## Airline death spiral ##
TSA Precheck reaches 2M members
$18 billion in profits in only three-quarters of a year.
Malaysia Airlines continues to cut back
Narita airport enhances travel experience with Rockwell Collins technology
Verizon outage disrupts JetBlue service nationwide
Flying While Muslim: Imam Launches Website After Being Barred From Plane
Low-cost Spanish airline 'charging job candidates 60 euros for interviews'

## Fault lines/flashpoints/powder kegs/military/war drums ##
Official: Philippines to Offer the Use of Eight Bases to US Forces
Philippines Seeks Joint Patrols With US in South China Sea
Iran releases U.S. Navy sailors held for 16 hours
Carter: Navigation error appears to have led to Persian Gulf incident with Iran
U.S. Pays Almost $5 Billion to Dead and AWOL Afghan Soldiers
The Aftermath Of US Intervention: What The "Arab Spring" Looks Like 5 Years Later
How's that "regime change" agenda working out? -- RF
Saudi Arabia and Israel: An Axis of Convenience
Six Killed as Massive Blasts, Gunfire Rock Jakarta, Indonesia
Islamic State claims bomb and gun attacks in Indonesian capital
Ten Detainees Transferred, Leaving Fewer Than 100 Prisoners at Guantánamo
Who Is Samar Badawi? Wife Of Jailed Saudi Activist Waleed Abu Al-Khair Arrested; Amnesty Calls For Immediate Release
U.N. Peacekeepers Caught Paying 50 Cents for Sex with 13-Year-Old Girls in War Zones
Swedish Government Examines Return of Conscription

## UAVs ##
German Armed Forces Will Lease Israeli Drones
Warning shots at drone are first shots fired in Cold War-style standoff between Koreas
Saab delivering U.S.-made quadcopter drones to Swedish Police

## Migrants/refugees ##
Angela Merkel says Europe is 'vulnerable' to the refugee crisis
Once accommodating neighbors now turn back Syrian refugees
Calais migrants told to leave camp before bulldozers move in
Residents say they will "peacefully resist" any attempt to move them as Eurotunnel officials deliberately flood area around tunnel to stop migrants trying to walk through
Politician Sends Busload of Refugees to Germany's Merkel
Cuba Migrant Crisis 2016: Mexico To Grant Temporary Visas For People On Way To US
Norway tells refugees who used cycling loophole to enter to return to Russia

## Global unrest/mob rule/angry people/torches and pitchforks ##
What Is Black Wall Street? Chicago Protesters Plan To Block Stock Traders Over Police Shooting Video
Anti-immigrant 'Soldiers of Odin' raise concern in Finland
Cologne sex attacks: German police arrest 200 extremists after anti-migrant rally
Why Are Tibetans Setting Themselves on Fire?
After Laquan McDonald, Chicago Pastors To Boycott Rahm Emanuel's Martin Luther King Breakfast

## Energy/resources ##
$380 Billion In Upstream Projects Delayed As Oil Keeps Tanking
Norway's Black Gold Fields Are A Sea Of Red - A Real-Time Map Of Crude Carnage
Oil could crash to $10 a barrel, warn investment bank bears
Forget $20 - Oil Prices At $8 Per Barrel In Canada
Copper Sags to Six-Year Low as Barclays Cuts Forecasts on China
Blackout halts Venezuela's Paraguana refineries -workers
Drilling downturn hits U.S. oil consumption: Kemp
Oil production increased by more than 60 percent while natural gas production was up by more than 25 percent thanks to the shale revolution. What is less well-known is that oil and gas production is also very energy intensive and the drilling boom contributed significantly to fuel consumption, especially diesel.
A Massive Solar Power Plant Is Taking Shape in the Sahara Desert
SunEdison Falls After Axiom Analyst Raises Concern on Debt
Pakistan ready with last part of LNG pipeline link to Iran
Oil credit crunch could be worse than the housing crisis
Global E&P Spending Trending Toward 40-Year Low
India's power reforms, salary hikes spook investors in state bonds
The Real Price of Oil Is Far Lower Than You Realize
Keep in mind that cost and price are two different things. That is the key to understanding this unfolding energy disaster. -- RF
Report: M&A Energy Deals Far Fewer in 2015; 2016 Activity Will Be 'Muted'
Russia could cut oil exports by 6%
Which Oil Companies Are Cutting Capex Most?

## Infrastructure scavenging ##
Thieves steal bronze nameplates off 86 bridges (Japan; article in Japanese)

## Got food? ##
How America's Embrace of GMOs and Pesticides Could Trigger "Downfall" of EU Farmers
According to a new study, if the pending Transatlantic Trade and Investment Partnership (TTIP) become a reality, the United States' distinctly low food standards, coupled with the dominance of industrial agriculture, could trigger a complete "downfall" of the entire European farming sector.
Large-scale mechanized agriculture is unsustainable in the first place. Start thinking about how you're going to (in the words of Dubya) put food on your families. -- RF
Dog walkers and gardeners should avoid washing hands to encourage friendly bacteria
Friendly bacteria are disappearing from the body and people should avoid washing excessively, Stanford University has advised
Supreme Court won't force DHS to reveal secret plan to cut cell service
Full text of US cell phone kill-switch policy to remain under lock and key.

## Propaganda ##
SOTU: Brilliant Bullshit!
More Mischief From The Red Ponzi—-Despite 2015 Export Decline, Data Inflated By Hidden Capital Flight
And it's going to happen around the world as budgets are slashed. -- RF
The average score for all U.S. states combined is a lowly 604, considered subprime by many lenders.
GOP Reaps What Was Sown
Since the 1960s, the Republican Party has sought out and corralled the angry white vote which was back-lashing against the civil rights movement and black progress. But now that disaffected base is turning on the wealthy GOP elites and no one should be surprised.

## The candidates ##
Emails expose close ties between Hillary Clinton and accused war criminal Henry Kissinger
Kissinger met regularly with Secretary Clinton, and applauded her hawkish foreign policy in a handwritten message
And finally...
LA store's shirts flying off shelves after drug kingpin El Chapo wears design
Japanese condom maker creates CG video of two T. rexes humping

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