Thursday, January 21, 2016


News Links, January 22, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Asia markets steeply in the red, Nikkei in bear market
Global Shareholders Have $27 Trillion Locked in Bear Markets
At least 40 stock markets around the world with a total value of $27 trillion are in bear territory, as investors witness the worst start to a year on record.
Emerging Markets Roiled as Stock Selloff Surpasses Asian Crisis
As leaders chill in Davos, emerging economies going downhill fast
World faces wave of epic debt defaults, fears central bank veteran
Global Bond Downgrades Climb to Highest in Six Years, S&P Says
Gold climbs above $1,100 after soft U.S. inflation data
Saudi Arabia Unleashes Capital Controls: Bans Bets Against Dollar Peg
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
Ruble Plunges 25% in 90 days, Hits New Low, Government Says to Heck with it
Central Banks Are Out of Tricks
Once the power to manage expectations has been lost, the central bank bag of tricks is empty.
Davos 2016: Greece Promised New IMF Loans At Meeting With Lagarde And Tsipras
Lower For Longer—-Bloomberg commodity Index At Lowest Level Since 1991
Another Bubble Era Giant Crumbles—-ArcelorMittal Sheds 95% Of Its Peak Market Cap
The Robot Revolution Could Wipe Out 5.1 Million Jobs by 2020
Run on Italy's Third Largest Bank? Capital Controls or Bail-Ins Next? Why Take Chances?
Is Mario Draghi a Bare-Assed Emperor With No Clothes?
Venezuela Hits "Point of No Return" - 2016 Bankruptcy Is "Difficult To Avoid" According To Barclays
Morgan Stanley To Move Jobs To Cheaper Cities Like Mumbai, Budapest
These experts are their own best parody. -- RF

## Cut, baby, cut! ##
How well did cashless transactions work during that widespread blackout the other day? -- RF
Anti-Muslim Profiling At Airports Goes Beyond The TSA
A growing number of Muslims, Sikhs, and people of Middle Eastern descent are reporting incidents of racial and religious profiling while trying to board planes, sparking concerns that rising anti-Islam sentiment is sparking a new wave of discrimination at airports.

## UAVs ##

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian airstrikes are working in Syria — enough to put peace talks in doubt
Russia's military intervention in Syria is finally generating gains on the ground for Syrian government forces, tilting the battlefield in favor of President Bashar al-Assad to such an extent that the Obama administration's quest for a negotiated settlement to the war suddenly looks a lot less likely to succeed.
ISIS Cuts Fighters' Pay By 50%, Cites "Exceptional Circumstances"
It's curious that no "salary" cuts were necessary during the 14 months the US spent "degrading and destroying" the group but are suddenly needed just three months into Russia's bombing campaign.
The unwillingness to admit the US military has spent billions on a system that has apparently been defeated by Iran is the most likely culprit behind the western media's attempt to focus on the "ill treatment" of US sailors.

## Migrants/refugees ##

## Global unrest/mob rule/angry people/torches and pitchforks ##
Teacher 'Sickout' Shuts Down Almost All Detroit Schools
KCL's Student Israel society attacked by demonstrators (UK)
Eyewitnesses describe a mob throwing chairs and smashing windows, while pictures show officers standing guard outside the building of one of the country's top universities

## Energy/resources ##
Pushing back the decision could lead to further delays at the reactor, which is years behind schedule. EDF said in September Flamanville would not be operational before 2018 and would cost 10.5 billion euros ($11.5 billion), up from an initial budget of 3 billion.
The idea of running industrial civilization on biofuels is a complete joke. -- RF
New cash crunch looms for Abengoa as viability plan discussed
Spain's Abengoa needs 90 million euros within 10 days and 500 million euros by March 28 to avoid going bust, a source familiar with the matter said, a number that more than doubles initial calculations and raises new doubts over its survival.
Can we be perfectly confident that we'll have plenty of affordable energy to power communications among trillions of internet-connected sensors in the "Internet of Things"? Will our new fleet of self-driving cars have plenty of fuel to keep us moving en masse in individual pods?
The answer is "no." But take your chances if you want. -- RF
What could possibly go wrong? -- RF

## Lifestyle solutions ##
Something else that Martin Luther King taught me

## Environment/health ##
Brain-tangling algae lurks in our waters
Chronic exposure to a commonplace algae toxin in crabs, shellfish and other seafood increases risk of Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (ALS), a new study suggests.
What Is Zika Virus? Outbreak Linked To Brain Defects Spreads In Brazil, United States
High-Rise Apartments, Lower Survival Rates From Cardiac Arrest
Urban dwellers may think urban living is better than rural life, and penthouse dwellers may believe living at the top of the city is better than living in a townhouse, but a new study found that survival rates from cardiac arrest decrease the higher up the building a person lives.
Ultrasound exposure could be making people ill, study finds
University of Southampton research finds public places can feature high frequency sounds beyond occupational health limits
It's not hard to understand the problem. Plumbing goes into the ground and it's not usually changed out unless there's a major disaster. The reason's obvious: it's expensive and there are homes, streets and buildings on top of these pipes.

## Intelligence/security/internet/cyberwar ##
Hillary Clinton Emails Held Info Beyond Top Secret: IG
Kerry Pressed for MH-17 Evidence
The father of a young American who died aboard Malaysia Airlines Flight 17 is pressing Secretary of State John Kerry to release evidence to support his early claims that the U.S. government possessed details about the launch of the missile that killed 298 people.
Even if photos do ever come to light, there will have been plenty of time to fake them. I stand by my assertion that OBL was already long dead at the time of the raid. -- RF
Ron Paul: U.S. polls are rigged, strictly for entertainment

## Systemic breakdown/collapse/unsustainability ##
US Army Struggling To Keep Up With Needed Flying Hours
The US Army continues to struggle to get all of its pilots the flying hours they need for training stateside due to budgetary constraints and amid the high operational tempo of rotary wing units.
Waste of money for a train line that will never be finished. -- RF
Electronics part market slumps as Chinese device output slows
Leading Japanese electronics component makers saw orders for their products barely grow in October-December 2015, with slowing Chinese device production bringing an end to nearly three years of double-digit year-over-year quarterly rises.
U.S. deploys F-22 Raptor stealth fighters to base in Japan
I'll go with 3%. -- RF
'iPad generation' means nine in 10 toddlers live couch potato lives
Experts fear a bleak future for a generation of toddlers brought up on tablets    and smartphones, with just 9 per cent of pre-school children taking a healthy amount of daily activity
Volunteers to be handed police-style powers in war on cyber crime
Home Secretary Theresa May announces plans to give limited police powers to members of the public who volunteer to be civilian officers

## The candidates ##

And finally...

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