Sunday, January 03, 2016


News Links, January 4, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
The Next Big Short——Jeff Bezos' Brobdingnagian Bubble
The Global Health Crisis Will Crush the Global Economy
Though evidence of a looming global healthcare crisis is plainly visible, few seem to realize the consequences will be catastrophic to individuals, households and national economies.
A Year of Sovereign Defaults?
Walmart finishes worst year since 1974
Dr. Copper Takes A Bath——Prices Down 25% in 2015 And Heading Lower
Mind The Metals—–24% Plunge In 2015 Portends Global Economic Slide
Gold-Backed Digital Currency Ditches the Blockchain
Will 2016 Be the End of the Current Skyscraper Boom?
The completion of record-setting skyscrapers has long seemed to indicate the beginning of economic crises.
Oman to cut budget deficit 27 pct this year, minister says
From Political Corruption To Plunging Commodities Prices, Brazil's Fall From Grace Could Take Years To Fix
I Was Wrong: Big Banks Actually Were Exactly Like Counterfeiters
Chart Of The Day: A World Awash In Debt
South Korean Exports Fall for a 12th Straight Month in December
Switzerland Follows Iceland in Declaring War Against the Banksters
On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges
One Belt, One Road: Chinese businesses investing heavily in Southeast Asia
TPP: Member countries aim to sign formal deal in February
Dutch city plans to pay citizens a 'basic income', and Greens say it could work in the UK
I guarantee you that these guaranteed income schemes will fall apart. -- RF
Puerto Rico Is In Serious Trouble. Here's What You Need To Know.
More Currency Intervention Madness: Sweden Draws Line in Sand with Euro
Mapped: how a demographic time bomb will transform the global economy
Will Micro-Housing Enable Employers to Call on Workers Night and Day?

## Cut, baby, cut! ##
Half a Million Bank Jobs Have Vanished Since 2008 Crisis: Chart
Swiss business leader fears more job cuts
Western Australia to cut 1,100 jobs in south Perth hospitals

## War on cash/cashless society ##
The Risks of the War on Cash
Apple wants to let you make payments through texts, phone calls, and emails
Nasty malware steals banking information from Android users
Indonesian banks: E-money seen as new area for revenue growth
Canada Walks the Road Towards Cashless Society
London's Oyster card system crashes, giving thousands free travel

## Airline death spiral ##
Saying goodbye to the shocking number of airlines that folded in 2015
Questions raised over the safety of Allegiant Airlines' fleet
Some Allegiant pilots have been complaining about issues with the company's planes for nearly a year. Letters have been sent to the company's shareholders, management and passengers, claiming the Allegiant fleet is plagued by persistent mechanical problems caused by poor equipment and the company's unwillingness to invest money.
Alert readers will recall articles such as this one. -- RF
Many US Airlines Not Offering Healthy [sic] Food, Survey Reveals
Texas airports get ready for state's new 'open carry' gun law
Man Attempts to Bring Loaded Gun on Flight at Reagan National: TSA
British man arrested at airport for 'shouting bomb threats'
Tarmac Rule Increases Overall Passenger Delays, Study Finds
The tarmac delay rule the U.S. Department of Transportation (DOT) implemented in 2010 has significantly reduced long tarmac waits, but it has served to increase overall delays that passengers experience, mainly due to flight cancellations, a new study finds.
Angry Sunwing passengers say they spent 8 hours stuck on tarmac

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russian Mikoyan MiG-31 Fighter Aircraft To Be Replaced By New Interceptor
Russia designates NATO as a threat
Putin names United States among threats in new Russian security strategy
How ISIS Broadcasts Its Message To The World: Satellite Dishes Bought In Turkey
Syria Peace Talks Stalled as Diplomats Can't Decide Who Is a 'Terrorist'
As far back as early November, the international effort to get a peace process in Syria going hinged heavily on deciding who was a rebel and who was a terrorist. To this day, diplomats warn the process is stalling on the inability of nations to answer that question.
Gunmen Attack Indian Air Force Base Near Pakistan Border
Police: Fresh Gunfire at Indian Air Force Base in Punjab
Explosions, Attacks Reported At Indian Consulate In Afghanistan
Vietnam Protests After China Lands Plane On Disputed Spratly Islands In South China Sea
Russia-Ukraine Conflict Update: Moscow To Sue Kiev Over $3B Debt
Turkey's Erdogan Cites Hitler's Germany As Example Of Presidential System
Turkey President Erdogan's office denies advocating Hitler-style rule
ISIS Owns Headlines, but Nigeria's Boko Haram Kills More Than Ever
Saudi beheadings soar in 2015 under discretionary rulings
Saudi Arabia Executes 47 in One Day, Including Shiite Cleric
Saudi Arabia severs ties with Iran
Gun Sales Surge In Switzerland As Army Chief Warns "Arm Yourselves"
Terror threats will be the new normal for Europe, experts say
Over 51,000 Killed in Iraq during 2015
China's Navy Takes Part in Joint Exercise Off Australian Coast
China military: Three new PLA units created in armed forces' reform
Cars Torched Outside US Consulate In Tijuana: FBI
Newly Installed Mayor Of Mexican City Killed Day after Taking Office
Europe Faces 'New Normal' Of Terror Threats, Experts Warn
Israel Charging 4 Jews In West Bank Firebombing That Killed 3 Palestinians
Poland ready to offer David Cameron EU welfare deal in exchange for Nato bases

## Migrants/refugees ##
New threat to British border as France builds first official refugee camp for 13 years
No rest for migrant-weary Europe in 2016 as desperate refugees flood continent
Syrian Refugees in Turkey Are Facing the Same Terror They Once Fled
Two year old migrant drowns as overcrowded dinghy crashes into rocks
Child migrants coming to Colorado
Cuba's Santeria priests predict explosive migration, social unrest in 2016
Refugees who came ashore at UK military base in Cyprus trapped in asylum 'limbo'
Germany Struggles Under Weight of Open-Arms Refugee Policy
After 1 million migrants, Europe's borders are back

## Global unrest/mob rule/angry people/torches and pitchforks ##
Soaring Unrest After Saudis Execute Top Shi'ite Cleric
#Riot: Self-Organized, Hyper-Networked Revolts—Coming to a City Near You
In Chicago, distrust toward mayor has turned 'personal'
Xinjiang Seethes Under Chinese Crackdown
Man Drives Car At Troops Protecting Mosque In Southern France
Tamir Rice Protesters March to Prosecutor's Home, Demand Resignation
Protesters Set The Streets On Fire In Bahrain After Saudis Kill Top Shiite Cleric
Protesters Storm, Set Fire To Saudi Embassy In Iran
Opposing rallies held, in Lancaster, over allowing Syrian refugees to relocate in the region
Hong Kong protesters air grievances on New Year's day
Bahrain back to protests as court sentences 22 protesters to life in prison
Polish protesters slap government with red card for enacting controversial laws
Armed Oregon Militia Led By Bundy Family Takes Federal Building In Support Of Hammond Ranchers
Violence In Israel Continues With Shooting At West Bank Holy Site

## Energy/resources ##
Where actually is that much-hyped global oil glut?
It is misleading to say the world sits on excess stocks of 3 bn barrels of oil, 2.7 bn of which are already needed in both crude and product stocks for a smooth operation of the refining and distribution system. Most of the stock build since mid 2014 seems to be related to US light tight oil which refineries could not accommodate due to their original designs.
Big Oil And Gas Companies To Cut Investment Again In 2016
With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months.
Ghana minister resigns for 'unsatisfactory handling' of electricity crisis
The resignation comes a day after Donkor issued a statement saying the blackouts, known in Ghana as "dumsor", had been resolved.
Solar is in, biomass energy is out—and farmers are struggling to dispose of woody waste
[California's] biomass energy plants are folding in rapid succession, unable to compete with heavily subsidized solar farms, many of which have sprouted up amid the fields and orchards of the San Joaquin Valley.
Angolan fuel prices rise as government lowers subsidy
Nope, Nuclear Fusion Still Isn't Here
Radiation rise stalls uranium permits near Grand Canyon
Water rationing starts in Foxton, and soon in Tasman district (NZ)
Gas Prices End Year at $2, Americans Save $115 Billion
People may be saving money at the pump, but oil production costs are high, and costs must be paid, or the oil doesn't get produced. Oil-producing countries and companies are currently paying those costs by slashing budgets, cutting capex, reducing subsidies, laying off workers, and other means, but that can't go on forever. -- RF
Saudi industrial giants reveal cost of new energy price hike
Belgian nuclear reactor shut down three days after restarting
As water crisis deepens, India seeks mystical Saraswati river
Russian oil output hits post-soviet record amid lower price
Renewables = 99% of New US Power Capacity in November
Look for oil prices to spike if hostility between Iran and Saudi Arabia gets worse

## Got food? ##
US tuna fleet shut out of lucrative Pacific region
Rising food prices push inflation to five-month high in December (Pakistan)
Food Prices: Beef projected up again in 2016
How a freak blizzard wrecked Texas's dairy industry
Dairy farmers in Texas and New Mexico say consumers can expect a milk shortage, after winter storm Goliath killed more than 30,000 dairy cows last week.

## Environment/health ##
Big Oil braced for global warming while it fought regulations
Enormity of Billowing Methane Plume in California 'Cannot Be Overstated'
Delhi begins car rationing to curb pollution
Ten Weather Extremes That Defined Hottest Year Ever Recorded
Puerto Rico reports first locally-acquired case of Zika virus
A virus linked to shrinking newborns' brains is spreading rapidly beyond Brazil
Why the Government Just Banned Those Plastic Microbeads in Your Face Wash
Bacteria Gain on Last-Resort Antibiotics
It's the scourge that's far more deadly than car crashes and that we consume daily, often unnoticed.
Work-life balance: flexible working can make you ill, experts say
Bad economy may be good for your health: Study
Environmental disaster: Using bombs for fishing
Poachers are going after newly discovered species so fast that journals have stopped publishing location details

## Intelligence/security/internet/cyberwar ##
WhatsApp goes down on New Year's Eve
Why Are CNN And Gawker Down? News Websites Offline After BBC Hacked Earlier
Battle against internet hackers hots up in 2016
Police In Germany Warn Of Possible Terror Attack, Evacuate Two Train Stations
Cyber Attacks on Turkish Airports, Military Sites Coming: Anonymous
The hacktivist group, 'Anonymous' has threatened to hack Turkish airports, military assets and private state connections if the government does not stop supporting Islamic State.
Wow, There Were Just So Many Hacks in 2015
If We're Not Careful, Self-Driving Cars Will Be The Cornerstone Of The DRM'd, Surveillance Dystopias Of Tomorrow
A Media Bill in Poland Sparks Concern Over Press Freedom
Survey: Majority Believe It Necessary For Government To Cut Freedom To Stop Terrorism (US)
Donald Trump Campaign Website Down For An Hour, Hackers Claim Responsibility
The tale of a mysterious mound of Iraqi cash seized at the Canadian border, and the oddball cast that's fighting for it

## Propaganda ##
Bing Goes Full-on Censorship in English Search Results Within China
Hyping More Fears about Iran

## Systemic breakdown/collapse/unsustainability ##
Should We Abandon Struggling Cities?
6,000 Cops, Checkpoints, Snipers, K-9s – What Celebrating the New Year in a Police State Looks Like
Despite Toyota Patent, Flying Cars, Though Technically Possible, Have A Long Way To Go Before They're Ready For The Masses
Like the electric car, the flying car is an idea whose time never came. -- RF
Emirates' skyscrapers are killers in waiting, says fire expert
At the heart of safety concerns is the use of polyurethane and aluminium composite cladding on buildings throughout the height of the emirate's building boom.

## Japan ##
PM Abe pledges to keep Japan out of war
Emdivi computer virus attacks 8 more organizations
Tokyo rail companies compete to provide premium seating to avoid rush hour crowds
The Incredible Shrinking Benefits Of Massive Japanese Money Printing
Japanese steelmakers: With prices dropping, an industry seeks new business models
Chinese vessel with guns spotted near Senkakus
Half of jobs in Japan can be conducted by AI, robots: study
Record January temperatures logged in Japan

## China ##
State-Owned Shipbuilder Goes Bankrupt as Industry Slows
China's Two-Child Policy Takes Effect, But Couples Apprehensive Amid Economic Slowdown
China sends warning to Taiwan as it prepares to elect first woman president
China creates three new military units in push to modernize army
China factory activity shrinks in soggy start to 2016
Macau Casino Fortunes Hit 5-Year Low, Lead on Vegas Narrows
China Clamps Down on Coal

## UK ##
London rough sleepers double in five years
David Cameron vows crackdown on poverty on same day as figures reveal homelessness has doubled under his premiership
Rail electrification 'ruining English countryside'
Oyster card glitch costs Transport for London £250,000 in a single morning
Gas Leak In South London, Hundreds Evacuated
Britons driven to food banks by poverty seen as 'collateral damage' by DWP, says Trussell Trust
UK Government urged to reveal its role in getting Saudi Arabia onto UN Human Rights Council
High street retailers feel the pinch as shoppers stay at home
Nigel Farage's Car Sabotaged After Death Threats, Police Confirm "Foul Play"
Homeowners count the cost as floods force prices to plummet
David Cameron: Government to directly build 13,000 new homes

## US ##
Emails: US Government Facilitated LNG Business Deals Before Terminals Got Required Federal Permits
Those not in the labor force increased by 1.9 million last year while the labor force increased by only 1.1 million.
The 2015 Corporate Rap Sheet
The Sudden But Well-Deserved Fall of Rahm Emanuel

## The candidates ##
Poll: Clinton Seen as Most Dishonest, Untrustworthy Top Presidential Candidate
Donald Trump was the only other presidential candidate whose untrustworthiness and dishonesty score was above 50 percent (at 51 percent).

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