Sunday, January 24, 2016

 

News Links, January 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
2016 Market Meltdown: We Have Never Seen A Year Start Quite Like This…
The Epic Retreat Of Offshore Investment—-$47 Trillion Wants To Come Home
Billionaire George Soros makes grim forecast for China, global economy
Italy could trigger Europe's next financial crisis
Italy Races To Defuse €200 Billion Bad Loan Time Bomb With "Bad Bank"
Saudi Arabia's Secret Holdings of U.S. Debt Are Suddenly a Big Deal
This Is What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation
Even As The ECB's QE Goes Missing—–Davos Asset Gathers Demand 'Moar Stimulus'!
Saudi, Gulf subsidy cuts seen cooling regional oil use in 2016
700 Days In No Man's Land——Why They Can't Keep It Up
The Other January Storm——World Stock Markets Have Lost $8 Trillion This Month
End of the boom: Falling prices, tighter credit expose emerging economies' vulnerabilities
Davos, Dalio, and a Depression?!
Depression is seen as a long-term part of the business cycle. Which perhaps it is (that is a serious flaw in this economic system, but that's another story). The bigger cause here — which these experts don't see — is net energy decline. We will experience a longer and much more severe depression than would otherwise happen, and there will never be a recovery to the levels of excess attained at the peak of industrial civilization. Instead, the world will crash and then settle at a much lower energy level than now. -- RF
Top-Down "Solutions" = Institutionalized Serfdom, Bottom-Up Solutions = Reviving Opportunity
If the "solution" doesn't enable the accumulation of capital in all its forms by individuals and households, it isn't a real solution--it's just another top-down scheme that institutionalizes subsistence serfdom.
Darling Of Davos, IMF's Christine Lagarde May Have Second Term All Sewn Up
One of World's Biggest Construction Companies to Hit the Wall?
'No Crisis' Norway Holds Talks on Economic Cost of Oil's Plunge
Here Come The Blackouts: Largest Ever Muni Restructuring Falls Apart As Puerto Rico's Power Authority Balks At $9 Billion Deal
Nigeria plans up to $5 bln borrowing from sources including Eurobonds: finance minister
Nigeria plans to borrow up to $5 billion from multiple sources, including the Eurobond market, to plug its deficit as it tries overcome its worst economic crisis in years through a record budget, its finance minister said on Thursday.
Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto According To New Text Analysis
New Zealand makes first arrest over student loan debt
Indian gold paperization scheme is failing so govt. boosts subsidy to banks
Gold Is Back in Fashion After a $15 Trillion Global Selloff
Dubai's biggest landlord warns developers of "tough period ahead"
All Dubai's glitz has no intrinsic value, which will become abundantly clear in the near future. -- RF
Bank Mortgage Settlements Total $144 Billion——Where Did It Go?
Saudi to seek foreign non-oil investors as crude slumps
Volatility, oil and stock markets
In my view, only exceptional weakness in the global economy explains oil dipping into the $20 range. In doing so, the oil market has provided a warning for anyone who is willing to see it.

## Cut, baby, cut! ##
Schlumberger Loses $1 Billion, Raises Layoffs to 30,000, Doubles Share Buybacks to $20 Billion

## War on cash/cashless society ##
Norway's Biggest Bank Calls For Country To Stop Using Cash
Cashless Society War Intensifies During Global Epocalypse
Developing World Leapfrogs to Cashless Society

## Airline death spiral ##
Monster Snowstorm Grounds Thousands Of Flights
US airlines tried to save money on fuel, and now they're regretting it
Delta plane makes emergency landing at Narita due to smoke in cabin
No bomb found on diverted Turkish Airlines flight from Texas
The big debate: to sell or not to sell PIA?
70 passengers offloaded from IndiGo flight for 'unruly behaviour'

## UAVs ##
FAA: 250,000 drone owners registered in first month
Americans aren't registering the drones they got for Christmas
Drone lands on moving car in Germany

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Pentagon's $90 Billion Black Hole—-The Endless Failure To Train And Equip The Iraqi And Afghan Military Forces
US May Move Forces To Iraqi Bases To Support Mosul Attack: Report
The Pentagon Has No Clue How Many Weapons It Has Lost to ISIS
Defense Secretary: Several Anti-ISIS Partners Doing 'Nothing at All'
US Forces Setting Up Base In Northern Syria Near Russian Forces In Qamishli Airfield: Report
Saudi-Iranian Proxy War Over Syria Spreads To Davos
Iran's Supreme Leader Calls For Closer Ties With China, Says US Cannot Be Trusted
China seeks 'new chapter' with Iran after sanctions end
U.S. says prepared for military solution against Islamic State in Syria
Islamic State's Bloody Decline
Washington's pundit class has interpreted the Islamic State's recent turn toward international terrorism as proof of its growing strength, but it may actually represent the opposite, the group's recognition that its "caliphate" is under stress and shrinking.
US, Russia Close To Consensus In Syria Peace Talks Deadlock: Report
Syrian pro-government forces retake key town in west ahead of planned talks
Iraq Summons Saudi Envoy Over Comments On Iran-Backed Militias
WikiLeaks cables portray Saudi Arabia as a cash machine for terrorists
Hundreds of Moroccans detained at Algiers airport after 'trying to reach Libya'
Algerian government says there is an "unusual" increase in Moroccans travelling to Libya, where Islamic State militants have been gaining ground

Replacing Denmark's Aging F-16s Could Place Strain on Defense Budget
In Singapore, Another US Navy LCS Is Sidelined With Machinery Problems
Israeli troops evict Jewish settlers from West Bank homes
Netanyahu seeks to return Israeli army-evicted settlers to West Bank houses
Netanyahu Demands More Billions From America, Insults U.S. Envoy, Steals More Land
Rise in space junk could provoke armed conflict say scientists
U.S. Secretary of State says confident Syria talks can proceed
'The Terminator Conundrum': Pentagon Weighs Ethics of Pairing Deadly Force, AI
Kim Jong-un's father wanted to end hereditary rule, top spy reveals
Stop killer robots before it is too late, scientists tell Davos forum
South Korea raps Japan's renewed claim over disputed islets
Armed Ships Embark on Secretive Plutonium Mission From Japan to the U.S.
All the plans to use plutonium for peaceful purposes in fast breeder and commercial reactors have so far failed to keep pace with the amounts of this highly-dangerous radioactive metal being produced by the countries that run nuclear power stations.
Le Drian: France Is Entering New Strategic Era

## Migrants/refugees ##
At least 43 migrants drown when boats capsize off Greek islands
Migration crisis can destroy Europe, French Prime Minister Manuel Valls says
"Our Europe Is Dying": German Youth Blast Merkel's "Multicultural Utopia"
Refugee crisis: From border controls to cash seizures, how Germany turned its back on refugees
Police arrest 24 after migrants stormed ferry temporarily closing Port of Calais
Austria To Refugees: Learn To Speak German Or Get No Money
Japan accepts 27 refugees last year; rejects 99% of applications
Asylum seekers made to wear coloured wristbands in Cardiff (UK)
Merkel's party, sliding in polls, weighs German 'border centres'
A senior figure in German Chancellor Angela Merkel's conservative party has proposed setting up "border centres" along the frontier with Austria to speed up the repatriation of those asylum seekers deemed unqualified to stay.
Norway's asylum policy in chaos amid Russian intransigence

## Global unrest/mob rule/angry people/torches and pitchforks ##
Abused and beaten: MPs need help against violent public – report (UK)
Psychiatrists working with the Home Office have advised that MPs need greater protection after a groundbreaking study found that four out of five had been victims of intrusive or aggressive behaviour, and 36 even fear going out in public.
Moldova Elections Protests Enter Third Day After New Government Secretly Sworn In
Sao Paulo police deploy tear gas & rubber bullets against transport fare hike protesters
Haitian Elections Cancelled As Popular Dissent Against Ruling Party Intensifies
Against Growing Authoritarian Threat of Far-Right, Massive Marches in Poland

## Energy/resources ##
Oil crash: idled rigs stack up as crisis grips North Sea
Frustrating Future For North Sea Oil
Red flag: Oil company defaults are spiking
Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It's only likely to get worse this year.
Mind The Malinvestment Lag—-Canadian Heavy Oil Production To Rise Through 2017 Due To Completion Of Projects Started At $100/bbl
Here Come The Downgrades—-$117 Billion In IG Energy Bonds May Turn To Junk
Moody's: Low cash flow for North American oil and gas drillers
Texas oil production slumps 5 percent
Schlumberger sees little chance of market recovery
Russian gas exports to Germany via Nord Stream rise 10 pct in 2015
Moody's Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review
No sign Saudi Arabia will ride to oil market rescue
Refineries Overwhelmed By Flood Of Ethanol
As Oil Slump Rocks PETRONAS, Malaysians Brace For Hard Times
When Malaysian oil giant Petronas announced sharp spending cuts and described a dismal outlook this week, it was confirmation for millions that they will struggle to make ends meet this year amid high costs, a plunging currency and fewer jobs.
Solar power hits the brakes amid incentive cuts in Asia, Europe
Petrobras Rescue Could Cost Brazil $21 Billion, Citigroup Says
OPEC oil output falls 130,000 barrels a day in December: Platts
Coal production down in Wyoming's Powder River Basin
Power outage affects most parts of Sarawak

## Infrastructure scavenging ##
Police say more than 100 industrial batteries stolen from utility boxes
Gang of railway cable thieves targeted Nottingahmshire

## Got food? ##
Listeria Outbreak Linked To Dole Salads: 12 Hospitalized, 1 Dead
$5 a head: The great Canadian cauliflower crisis
Fruit, Vegetable Prices Soar In Canada: "If You Insist On Eating Tomatoes, You're Going To Pay For It"
Wisconsin thieves steal semi-trailer holding $70,000 of cheese

## Environment/health ##
Palm oil alternative could help save orangutan
Zika Virus Countries: CDC Adds 8 Destinations To List Of Where Not To Travel In the Americas
As Zika Spreads, So Do Fears About Birth Defects, Other Dangers
Zika Virus Spreads to 20 Latin American Countries
Is Zika Virus In New York?
Zika Virus Link to Rare Paralysis Investigated as CDC Issues New Travel Warning for Pregnant Women
Birth defects in Latin America spark Zika virus panic
Babies born with organs outside their bodies up by a third
Legionnaires' expert blames spike in Flint on water
Scientists discover new antibiotic from breast milk
Lead pipes lurk in older neighborhoods across the nation (US)
Hazards outpace funding for old nuke facilities (US)
Old nuclear facilities have outlived their usefulness, requiring their shutdown without the money available to clean them up or, in some cases, to keep them from falling apart and spreading their contamination.
Petition opposing Ontario nuclear waste plan sent to feds
NCRP Pressured CDC To Remove Cell Phone Safety Advice
The NCRP was the driving force behind the removal of cautionary advice in a CDC fact sheet on cell phone use. Senior officials at the National Council on Radiation Protection and Measurements pressured the Centers for Disease Control into deleting the cautionary language in August 2014.
Thailand Confirms Second MERS Case, Omani Man Quarantined, 37 Others Under Surveillance
Plastic now pollutes every corner of Earth
Why Big Blizzards In Winter Don't Disprove Global Warming

## Intelligence/security/internet/cyberwar ##
Facebook Makes App that Can Bypass China's Censors
French government 'very likely' to vote to extend state of emergency, despite UN criticism
Loretta Lynch: US Is Not Seeking Backdoor Access To Encrypted Communication But Wants Silicon Valley's Help
Hillary Clinton Email Scandal Update: State Department Wants Another Month To Finish Releasing Emails, Blames Blizzard
NSA Chief Stakes Out Pro-Encryption Position, in Contrast to FBI
FBI ran website sharing thousands of child porn images
Narita airport website inaccessible after huge number of accesses (Japan)
Data leaked from Japan nuclear inspection body via Chinese software
Former MI5 officer to say agency knew about torture in Guantánamo Bay
State repression in Egypt worst in decades, says activist

## Propaganda ##
The Seven Stages of Establishment Backlash: Corbyn/Sanders Edition
Neocons Flack for Unsavory Saudis
Since Israel decided that Iran was its big enemy – and made Saudi Arabia its quiet ally – American neocons have fallen in line, demanding that the U.S. government punish Iran and coddle the Saudis whatever their unsavory behavior.
Learning to Love — and Use — the Bomb
The endless demonizing of Russian President Putin is the new fun game in Official Washington as neocons dream about "regime change" in Moscow and military contractors drool over huge profits from "modernizing" America's nuclear arsenal, with few thoughts about the heightened risk of nuclear annihilation.

## Systemic breakdown/collapse/unsustainability ##
Survey: 3 in 10 Greeks cannot afford heating or hot water
New Takata air bag recall to cover 5 million U.S. vehicles

## Japan ##
IAEA Urges Japan to Improve Equipment, Staff Training to Restart NPPs
Toshiba to sell part of its chip operations: sources
Bank of Japan's Kuroda says Japan inflation expectations 'somewhat weak'
BOJ-fueled Tokyo property boom pricing average earners out of housing market
Tokyo conference on microplastics polluting oceans
Abe Adviser Opposes Government Fund Taking Stake in Sharp
Drones, self-driving tractors may make life easier on the farm
Anyone willingly depending on this for their food deserves to starve. -- RF
Shipping: Nippon Yusen's operating profit likely took 40% hit in latest quarter
Abe agrees with Putin to arrange unofficial visit to Russia
25% of tsunami-hit coastal areas' residents suffer depression
Japan, U.S. sign pact to keep Tokyo support for U.S. military bases
Anti-U.S. base candidate loses Ginowan mayoral election
A candidate backed by Japanese Prime Minister Shinzo Abe claimed victory in a mayoral election in Okinawa on Sunday, beating an opponent of a planned new U.S. military base there.
Mounting student debt may cost society dearly
Senior U.N. official asks Japan to send police for peacekeeping operations
Govt. creates new post for Russian affairs
Despite nuclear fears, Japan solar energy sector slow to catch on

## China ##
Glory days of Chinese steel leave behind abandoned mills and broken lives
This Interactive Graphic Reveals China's Massive Anti-Corruption Campaign
China jails rights activist on spying charges as crackdown widens
China Plans to End New-Energy Vehicles Subsidies After 2020
Global Times Blasts Dystopian Hong Kong Film Predicting a Dismal Future in 2025
Bacteria that resist last-resort antibiotics were found in China two months ago, now they're everywhere
Missing Hong Kong Bookseller's Wife Confirms Meeting Husband In China

## UK ##
The dying embers of Britain's blast furnaces
Pig's head tied to Muslim school gate sparks police hate crime probe
Meningitis B vaccine shortage leaves parents unable to get jab privately
More than 400 children under 10 referred for 'deradicalisation'
A&E: sharp rise in number of patients turned away
Zika virus: Three returning UK travellers diagnosed
Hardest sell: Nuclear waste needs good home
The GDF will certainly be an awesome undertaking. It is expected the surface buildings alone will cover 1km sq. The underground tunnels will stretch for 10-20 km sq. On a Cumbria scale, that is bigger than Carlisle. It will take decades to build and predicted costs are almost unguessable - but most estimates agree on billions of pounds.
There will NEVER be enough money! And the same holds everywhere in the world for the unmitigated disaster that is nuclear power. -- RF
Homelessness in UK soaring as rents rise and tenancies end
Asylum seekers 'forced to wear coloured wristbands'
Jeremy Corbyn: All Calais migrants should be given chance to come to Britain
Trident: Majority of Britons back keeping nuclear weapons programme, poll shows

## US ##
Former Hasbro CEO Says "Providence Should Consider Bankruptcy"; An Option Chicago Needs
Mitch McConnell Moves to Grant the President Unlimited War Powers with No Expiration Date
Deep "Freight Recession" Hits Railroads, Trucking, Air Freight
Knocked Off Their Rails—-Energy Slump Slams Big Railroads
STRATCOM Head Makes Case for Protecting Nuclear Budget
Fueled by 'Austerity Agenda,' Gov. Plans for State Takeover of Chicago Public Schools
East Coast energy under threat from winter storm
EPA official resigns over Flint water crisis
Recovered history: Flint water story on Al Jazeera America one year ago
It's not just Flint that's poisoned
The ill effects of lead have blighted neighborhoods across the country. Experts hope today's outrage will expose a national crisis.
California gas leak spotlights shoddy regulation of aging storage wells
Energy Department Funds Two Advanced Nuclear Programs
Two companies will receive $80 million from the federal government to build molten-salt reactors and pebble-bed reactors by the mid-2020s.
It's unlikely that the plants will be completed and go into operation, but a lot of money will be wasted. -- RF
Cost of Storm Set to Clobber the East Coast Could Hit $850 Million
El Nino isn't helping California's water woes
Existing Home Sales Bounce Essentially a Mirage; Supply Drops to 11-Year Low: Is that a Problem?
Americans are going to have their wallets rocked in 2016:  7.5 year global business cycle trumps central bank money printing.
TPP Trade Deal Will Cost US 448,000 Jobs, Say Researchers
Fewer Manufacturing Jobs, Housing Bust Haunt Many U.S. Counties
Almost two thirds don't have $500 to pay for car repair
Americans dying from drinking in record numbers
Mission accomplished: This Month Marks 25 Years the U.S. Has Been at War in Iraq
How it feels to be a poor mother living without heat during a blizzard
America Will Spend More on Taxes than Food, Clothing, and Housing Combined (Graphic)
As Driving Declines, Automakers Look to Climb Aboard Sharing Economy
Why shipping containers may be the next home craze

## The candidates ##
Donald Trump Retweets Apparent Neo-Nazi Supporter
Trump, whose Twitter account is a central piece of his messaging operation, with more than 5 million followers, has passed on tweets from users who espouse white supremacist and openly racist causes in the past.
The Clinton Foundation: Hillary Beholden To Banks, Corporations, And Foreign Governments
Presidential Candidates' Position On Energy Issues Exposed
Half the Foreign Policy Experts Signing Clinton's Anti-Sanders Letter Have Ties to Military Contractors
Bernie Sanders Gets Group Endorsements When Members Decide; Hillary Clinton When Leaders Decide
Michael Bloomberg Mulls 2016 White House Bid
Trump: I could shoot a person and not lose votes
Ted Stands Tall—–Senator Cruz Is First Pol Not To Buckle To Iowa Ethanol Lobby
Here are 76 of Donald Trump's many campaign promises
Panicked Over the Trump Phenomenon
America's conservative establishment is in panic mode as renegade billionaire Donald Trump continues to dominate the Republican presidential race and thumb his nose at the GOP donor class, which is alarmed that all its money might not dictate the outcome this time.
Hillary Clinton Seeks Neocon Shelter
Stunned by falling poll numbers, Hillary Clinton is hoping that Democrats will rally to her neocon-oriented foreign policy and break with Bernie Sanders as insufficiently devoted to Israel. But will that hawkish strategy work this time?
Hillary Clinton Laughs When Asked if She Will Release Transcripts of Her Goldman Sachs Speeches
Woman Confronts Hillary Clinton About Her Health




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