Thursday, January 28, 2016


News Links, January 29, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The handbag bubble has popped
Who Gets to Pay for the Italian Banking Crisis?
Europe Bank Rout Erases $434 Billion, Twice Greek Economy: Chart
OPEC Economies On Their Last Legs
Brazil's Deepening Slump—-Stark Evidence That Statist Keynesian Economics Doesn't Work
Goldman Sachs warns Brazil economy will worsen amid rising inflation, political corruption
Fiat Chrysler 200 plant to shut six weeks on slack demand
Caterpillar warns equipment sales still falling
Capital Controls Are Coming
Rush for the exits: why China's capital flight carnage will continue
Alberta Loses Most Jobs In 34 Years As Oil Crunch Cripples Labor Market
Germany Has Repatriated Over 366 Tonnes Of Gold From New York And Paris
PBOC May Buy 215 Tons of Gold This Year, Barclays Forecasts
Success Is a Source of Destabilization
Samsung Forecasts Tough Year Ahead As Smartphone Sales Dip
Houston Feels The Oil Price Pinch As Office Space Vacancies Grow
Singapore's 2015 Employment Grows at Weakest Pace in 12 Years
About half of the university graduates in Nigeria cannot find jobs
Lay-ups loom in the dry freight market
I stare out my office window on the 23rd floor and there they are, stretched out as far as my eyes can see, dry bulk vessels sitting pretty in the Singapore strait.
Yahoo to shut Argentina and Mexico offices
Gargantuan! The Next Generational Bust Is Coming
Caterpillar Q4 Sales Miss, Tumble 23%; Guidance Obliterated
Saudi Arabia Hemorrhages $19.4 Billion In Reserves During December
Steel industry: China glut leaves Posco with first net loss, sinks others

## Cut, baby, cut! ##
Norfolk Southern To Cut 2000 Jobs; Sees Annual Savings Of Above $650 Mln By 2020
Software maker VMware to cut 800 jobs, sees weak 2016
CIBC cuts Canada's economic growth outlook to 1.3% for 2016

## War on cash/cashless society ##
Cash Is King as Europe Adapts to Negative Interest Rates: Chart
Europe's ATMs worked overtime in 2015. A record 1.08 trillion euros ($1.17 trillion) of banknotes were in circulation, almost double the value 10 years ago, according to data compiled by the European Central Bank. That's a counterargument to some bankers who say that electronic forms of cash will replace paper money sooner rather than later.
Cashless transactions gaining ground in Indonesia
The Abolition Of Cash

## Airline death spiral ##
Why We Lose It Over the Overhead Bin
Frequent fliers and the first class cabin are rewarded with prime pickings. By the time Group One is called, panic has set in and politeness goes out the exit door.
Inspector general: Too few air traffic controllers where needed most, including Chicago
United Airlines Will Refund Travelers With Tickets to Zika-Affected Areas
London to Los Angeles flight turned back to Heathrow after mystery illness
AP sources: Panel proposes ban on air shipments of batteries
US airlines blame Gulf carriers for international passenger dip
American Airlines pilot spots drone as plane lands at Miami International Airport
Airlines Aren't Learning Enough From Near Misses
Chaos at Jeju Airport Caused by Unreasonable Countermeasures of Low-Cost Airlines
South Korea cracks down on budget airline safety lapses
Now, flights to restrain unruly passengers on board with handcuffs (India)
Two flights to Kathmandu grounded before departure following bomb scare
Indigo deplanes 3 unruly passengers in Ahmedabad from Mumbai flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
German Military Called 'Overstretched, Underfunded'
The U.S. Intervention in Libya Was Such a Smashing Success That a Sequel Is Coming
Islamic State Group And Al Qaeda Expand To Libya As Extremism Spreads In North Africa
North Korea may be preparing long-range ballistic missile launch: Report
U.S. Plans to Replenish Saudi Missiles Used in Air Strikes on Yemen that U.N. Says May Constitute Crimes against Humanity
Taiwanese president visits island in disputed area of South China Sea
Russia Slams US Corruption Claims, Demands Proof
Greece given three months to fix border or Schengen is suspended
Clock ticks down on EU passport free travel dream
Caracas named as the world's most violent city
American Jews Should Move To Israel And Fulfill 'End Of Days' Biblical Prophecy, Says Activist
Is World War III Coming? Swedish General Thinks So, Warns Soldiers To Prepare
Small arms sales skyrocket in Germany after Cologne assaults – media
Nazi Roots of Ukraine's Conflict
Few Americans understand the ugly history behind the Nazi-affiliated movements that have gained substantial power in today's U.S.-backed Ukrainian regime. Western propaganda has made these right-wing extremists the "good guys" versus the Russian "bad guys."

## Migrants/refugees ##
Rescuers unable to help 31 refugees who drowned due to laws preventing people smuggling
They actually passed it—so what does Denmark's move to seize refugees' valuables really mean?
Despite patrols, sealing Greek sea border is near impossible
'Horrible and tragic': Swedish asylum worker killed at refugee center
Sweden To Deport Up To 80,000 Refugees Who Arrived In 2015, Interior Minister Anders Ygeman Says
Sweden, Denmark And Germany's Nazi Problem: Policy For Refugees' Valuables Compared To Hitler Era
Migrant Boat Sinks off Samos in Greece; At Least 24 Dead, Including 9 Kids
Migrant crisis to bring tide of human rights challenges, says Strasbourg court
Mass expulsions ahead for Europe as migrant crisis grows

## Global unrest/mob rule/angry people/torches and pitchforks ##
French Taxi Drivers Burn Tires Block Airports in Mass 24-Hour Strike; 20% of French Flights Cancelled
Moldova, The New Ukraine: Pro-Russian Street Protests in Moldova Set to Escalate
Russians occupy banks as ruble loss bites
Holders of foreign currency mortgages occupied branches of several separate banks in the Russian capital on Thursday, and have threatened to "mass action" if managers don't agree to demands to restructure their debts.

## Energy/resources ##
Israel seeks new site to dump nuclear waste
Areva plans 5 billion euro capital increase
Jan 27 French nuclear group Areva said it plans a 5 billion euro capital increase to restore its finances and said it expects the planned takeover of its reactor arm by fellow state-owned utility EDF to be finalised in 2017.
Australia's coal-fired power stations at risk of 'death-spiral' - report

## Got food? ##
El Niño parches Asia Pacific, destroying crops and drying up water sources
Smart people will not become dependent on so-called "vegetable factories" for their food. -- RF

## Environment/health ##
How 'Natural Geoengineering' Can Help Slow Global Warming
An overlooked tool in fighting climate change is enhancing biodiversity to maximize the ability of ecosystems to store carbon. Key to that strategy is preserving top predators to control populations of herbivores, whose grazing reduces the amount of CO2 that ecosystems absorb.

## Propaganda ##
A Crazy Establishment Demands 'Sanity'
As support grows for anti-Establishment candidates Bernie Sanders and Donald Trump, a frantic Establishment is demanding that Americans "stay sane" and vote for one of its approved candidates. But is it sane to follow advice that has led to endless wars and a disappearing middle class.
Cheering a 'Democratic' Coup in Ukraine
From the Archive: After the 2014 coup ousting Ukraine's elected President Yanukovych, the mainstream U.S. media hailed this unconstitutional move as a victory for "democracy" while ignoring the darker side, neo-Nazis coddled by the U.S. government since the Cold War.
Assessing a Murder Case Against Putin
Once Western media demonizes a foreign leader it becomes hard to assess allegations because if you express doubt, you're dubbed an "apologist." But careful analysis is still crucial as Russia Insider editor Alexander Mercouris offers on the British claim that Russian President Putin "probably" ordered a murder in London.

## Systemic breakdown/collapse/unsustainability ##
Such a facility will never be built. -- RF
Food banks helping to feed needy mouths
Food banks are starting to take root in Japan as a solution to the challenge of making sure that the poor and needy have enough to eat as well as eliminating food waste.
Police 'owl' helps identify cars at night
The Osaka prefectural police have invented a system for identifying automobile types from blurry nighttime security camera images.
Japan reconsiders, decides to join U.N. nuclear disarmament group
Tokyo, in a sharp reversal of policy, will now join a U.N. nuclear disarmament group even though it still does not want a treaty banning weapons of mass destruction.

## China ##
HSBC curbs mortgage offering to Chinese citizens in U.S.
Europe's biggest lender HSBC will no longer provide mortgages to some Chinese nationals who buy real estate in the United States, a policy change that comes as Beijing is battling to stem a swelling crowd of citizens trying to get money out of China.
Ka-boom Goes the Bottom of the US Bond Market — And it's not just oil & gas!
The toxic pile of distressed corporate debt in the US grew to $285 billion in January, up 22% from a month ago and up 162% from a year ago, according to S&P Capital IQ. The number of distressed issuers ballooned to 324 US corporations, up 20% from a month ago and up 84% from a year ago.
How Americans Are Increasingly Turning Their Backs on the Poor

## The candidates ##
Hillary Clinton lies about health care
During the CNN town hall debate, Hillary Clinton, as reported by the Chicago Sun Times, "talked about how she fought for universal health care in 1993 and 1994." This was a lie.
Donald Trump in 2000: "I Support the Ban on Assault Weapons"
Trump pulls out of Republican debate in Iowa
Donald Trump Brands Brussels a 'Hellhole,' Alienating More of Europe
Big Companies, Huge Problems
Hillary Clinton's historical problem with honesty

And finally...
Police kick in opera singer's door after confusing singing with screaming
Australia's 'Smart State' corrects sign denoting 'State Boarder'

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