Thursday, January 07, 2016


News Links, January 8, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"Nowhere To Hide" As Baltic 'Fried' Index Careens To Fresh Record Low
Charted: Companies spent over $5 trillion buying each other last year
The "Services" Based Economy Delusion——More Wall Street/Keynesian Agit-Prop
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies
Just one thing: There won't always be electricity, or a functioning internet. Proponents of these currencies need to take that into consideration when designing their systems. -- RF
Global Corporate Debt is Coming Unglued: Default Rate Highest since 2009, US Distress Ratio Soars
Global Deflation Update: Heavy Canadian Crude Falls To $19.81/Barrel
World Bank downgrades global economic forecast for 2016
Bloodbath in charts
Saudi Arabia to Hike Local Price of Gas by 50%
Brazil's Stocks Fall to Lowest Since '09 as Petrobras, Vale Sink
Brazil Heads for Worst Recession Since 1901, Economists Forecast
Foreign banks in China could face curbs if they snub gold benchmark
A Disturbing Warning From UBS: "Buy Gold" Because A 30% Bear Market Is Coming
Oil Plunges to $32-Handle, Chinese Stocks Crash and are Halted, Whiff of Mayhem Breaks out
The Commodity Bust Intensifies—-Index Of Global Miners Now Down 80%, At 11-Year Low
Copper Futures Crash Below $2 For First Time Since 2009
Signs Of Market Breakdown: China Stocks, US Margin Debt And Failure Of S&P 500 Support At 1990
Gold hits nine-week high as China worries hit stocks
Canadian stocks enter bear market as energy selloff accelerates
S&P 500 Caps Worst-Ever Start to Year on China Woes, Oil Slump
5,000 Swiss Army Troops Will Protect World's Billionaires During Annual Davos Boondoggle
Marc Faber's forecast for the U.S. stock market is frightening
Faber advises buying gold and shares of gold miners
This isn't a stock-market crisis; it's an outright 'selling stampede'

## Cut, baby, cut! ##
Monsanto Layoffs: Seed-Maker Just Said It's Going To Cut A Lot More Jobs
Desperate Macy's Prepares To Sell Crown Jewels, Fire 3,000
Thousands face layoff as Penney, Macy's close stores
Barclays said to cut investment banking jobs in Asia next week
Monsanto to cut additional 1,000 jobs, bringing total planned job cuts to 3,600
First Quantum to Cut 730 Jobs at Zambia Copper Mine: State TV
Yahoo looking to slash 10 percent or more of its workforce - Business Insider
Alcoa to close facility, curtail capacity, leading to $120 million charge

## War on cash/cashless society ##
Global ATM withdrawal rates rise by 7% despite industry's 'war on cash'

## Airline death spiral ##
The world's safest - and least safe - airlines revealed
Malaysia Airlines bans, then un-bans, checked bags on flights to Europe
Are Airlines Creating a Class of Spoiled, Entitled Brats?
Jewish Israelis force Aegean Airlines to remove Palestinian citizens from flight
Pilot shortage a growing problem in regional air service (US)
Torqued: Higher Ed Needs To Address Looming Pilot and Mechanic Shortage
British Airways passenger screams 'I have a bomb' during flight
Why airport torture only got worse
High alert at vital airports, additional frisking ordered (India)
Caught on Tape – TSA Gropes 10 Year Old Girl for Two Minutes Due to Capri Sun in Baggage

## Fault lines/flashpoints/powder kegs/military/war drums ##
"We Came, We Saw, He Died" – Revisiting the Incredible Disaster That Is Libya
Indeed, from Iraq to Libya, and indeed across the entire planet, the U.S. government has an uncanny ability to take an already bad geopolitical situation and turn it into a complete and total chaotic humanitarian disaster.
Britain And Italy To Occupy Libya . . . Again
Libya truck bombing kills at least 60 policemen, wounds 200
Iraq offers to mediate between Saudi Arabia, Iran
Saudi Arabia funds and exports Islamic extremism: The truth behind the toxic U.S. relationship with the theocratic monarchy
Saudi Game-Changing Head-Chopping
Exclusive: Saudi Arabia likes to distinguish itself from the head-choppers of the Islamic State but the recent mass executions, including decapitating a top Shiite dissident, reveals the Saudi royals to be just better-dressed jihadists, while creating an opening for a U.S. realignment in the Mideast.
Saudi Coalition Just Bombed a Center for the Blind in Yemen
North Korea says it has conducted a successful hydrogen bomb test
North Korea Likely Lying About Hydrogen Bomb Test, Experts Say
El Salvador becomes world's most deadly country outside a war zone
Iran Airs Footage of New Missile in Underground Bunker
Rouhani shows determination to end embassy attacks in Iran
Iran stops doing business with Saudi Arabia as Nimr execution rankles
Reality Peeks Through in Ukraine
With corruption rampant and living standards falling, Ukraine may become the next failed state that "benefited" from a neoconservative-driven "regime change," though the blame will always be placed elsewhere – in this case, on the demonized Russian President Putin.
Watchdog: Syria's Declared Chemical Arms '100% Destroyed'
Could The Palestinian Authority Collapse? Netanyahu Tells Security Cabinet To Prepare For 'Worst-Case Scenario'
Germany: More women come forward alleging New Year assaults
Eyewitness Account Of The "Monstrous" Migrant Attacks In Germany: "It's Like Civil War"
Germany Sex Attacks On Women In Cologne On New Year's Eve Condemned By Angela Merkel As 'Intolerable'
China again lands planes on disputed island in South China Sea: Xinhua
Germany to send 550 More Troops to Mali, Iraq Missions
Taliban Outguns Afghan, US Troops in Strategic, Opium-Rich Helmand Province
'Kill-Em-All With Airstrikes' Is Not Working
Here's a summary of the anti-ISIS bombing campaign: 30,000 fighters - 20,000 killed = 30,000 fighters
Man in fake explosives vest killed amid high Paris tension
Masked gunmen shoot at tourist bus and hotel near Cairo's pyramids
South China Sea: Beijing may impose air defense zone, Manila warns

## UAVs ##
FAA: 181,000 drones registered since database began Dec. 21
Navy tests cooperative soaring for UAV sailplanes
How Drones Are Adapting to New U.S. Rules
Chinese company unveils passenger drone prototype
Airbus Displays Counter-UAV System at CES 2016

## Migrants/refugees ##
Fortress Europe Looms as EU Countries Implement Heightened Border Controls
Churches offer sanctuary to migrants facing deportation
Obama Immigration Raids 2016: Immigrant Rights Groups, Democrats Condemn Family Deportation Roundups
No drop in asylum seekers reaching Germany, Berlin says
Fortress Scandinavia Sinks Into Blame Game Over Refugee Crisis
US raids on illegal migrants alarm Central American nations
The "Monsters" Unmasked: Cologne Police Admit "Most Of The Attackers Were Refugees"

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anger grows in Saudi Arabia's Shi'ite areas after executions
"We The People Are Pissed": New Poll Finds Whites And Republicans Are Angriest Americans
Venezuelans Protest In Caracas Over Hugo Chavez Portraits In National Assembly

## Energy/resources ##
The Next Big Trend In Wind Energy?
E-learning for Africa held back by power shortage
Supermines Add to Supply Glut of Metals
Appetite for mergers in energy sector drying up
Automation of Oilfield Operations to Double by 2020
Why The U.S. Can't Be Called A 'Swing Producer'
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world's largest oil importer is also its swing producer.
China market turmoil pulls oil prices down over 5 percent to levels not seen in over a decade
El Niño Flooding 2016: La Jolla Sinkhole In San Diego Threatens Gas Line
These Two New Sources Of Financing Give Hope To The Energy Industry
Oil Touches $32 Handle As Panic Takes Hold Of Chinese Markets
Saudi Arabia Might List Its State-Owned Oil Giant Saudi Aramco Amid Oil Price Collapse
Oil Sands Giant's Hostile Takeover Teeters as Crude Plunges

## Infrastructure scavenging ##
Copper thieves strike homes under construction

## Got food? ##
Wal-Mart supplier recalls 90,000 lbs of potentially contaminated meat
Wegmans recalls 1,000 pounds of chicken shipped to 6 states
Fruit Walls: Urban Farming in the 1600s
Chinese farmers are illegally growing GMO corn: Greenpeace

## Environment/health ##
Drinking tea is probably the easiest way to improve your heart health this year
EPA Confirms Longstanding Fears About Impact of Neonics on Bees
Wildfires burned record 10 million acres in 2015 (US)
California declares state of emergency over leaking gas well
Federal government urges Americans to limit sugar to 10% of daily calories
2015 Dietary Guidelines: Why Nearly 90 Percent Of US Adults Consume Too Much Sodium — And Will Struggle To Stop
Sodium is ubiquitous. It's not just in the salt shaker sitting on the kitchen table. Significant amounts are also added to processed foods.
Who's Mad About The New Dietary Guidelines? Cancer Experts, for One
New Study Highlights Big Unknowns of Public Health Harm From Fracking's Chemical Cocktail
Even the insured can face serious medical debt
Babies of women who smoke born 100 grams lighter: study

## Intelligence/security/internet/cyberwar ##
Dutch Government Supports Encryption, Opposes Backdoors
U.S. power companies told to review defenses after Ukraine cyber attack
Time Warner Warns Customers Their Emails and Passwords May Have Been Stolen
Permanent State of Emergency? France Seeks Alarming Expanse of Police Powers

## Propaganda ##
S. Korea announces start of anti-N. Korea propaganda broadcasts

## Systemic breakdown/collapse/unsustainability ##
2016: Oil Limits and the End of the Debt Supercycle
2016 Theme #4: The End-Game of Debt-Fueled "Growth"
We can summarize the official "solution" to the Global Financial Meltdown of 2008 in one line: borrow and blow trillions--of yen, yuan, dollars, euros, reals, you name it.
Saudi Arabia's Dangerous Decline
Much of Official Washington still toes the Saudi line against Iran – in part because Israel shares that hostility – but that antagonism is putting the world at greater risk as Saudi Arabia demonstrates increasingly reckless and barbaric behavior, the sign of a declining power.

## Japan ##
Japan's Cosmo Oil eyes increased Iranian crude imports, weighs US supply
The Latest: US reconnaissance planes take off from Japan
Nuclear Regulation Authority to call for checks of safety-related cables at nuclear plants
Rationing hits Japan's nappy trade as Chinese demand soars
Fire occurs at Hamaoka nuclear plant; no danger to public
It's perfectly safe! -- RF
Japan detects no radiation following N Korean nuclear test
Nikkei hits 3-month low below 18,000

## China ##
Chart Of The Day: Beijing Bosses Propping Up Chinese Stock Market At 65X
China rail freight down 10.5 pct in 2015, biggest annual fall-Caixin
China Currency: Continuing Slide Shows Beijing's Dilemma In Managing Decline
Another 2% Yuan Devaluation Coming Up? What Are the Risks? Explaining Chinese Capital Flight
China Has A "Colossal Credit Bubble" And No One Knows How It Will Unwind, Marc Faber Warns
Missing Hong Kong bookseller revealed to be a British citizen
7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days
China suspends market circuit breaker mechanism after stock market rout
China's Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation
China goes underground to expand its strategic oil reserves

## UK ##
Former UK Bureaucrat Whines About People Happily Looking At Mobile Phones Rather Than Fearfully Spying On Everyone Else
Sheep rustlers jailed for three years after stealing from 14 farms across the North
UK to take lessons from Dutch on how a low country can avoid flooding
Obesity will soon be 'the new normal' figures show
New forecasts show that obesity will soon be more common than being a normal weight, while the number of cases of cancers fuelled by excess weight is set to rise by 45 per cent
David Cameron threatens to introduce sugar tax if industry fails to combat 'obesity crisis'
Lights out for UK's oldest nuclear power plant

## US ##
New Gallup Poll – Americans Consider Government a Much Bigger Problem than Guns
Michigan declares emergency as feds probe Flint water
A Record Years For US New-Auto Sales: Americans Bought Nearly 17.5 Million Vehicles, Beating 2000's Record
High market prices drive 2015 increase in Oklahoma cattle rustling cases
Additional Details Emerge on How Hedge Funds and Private Equity Firms Loot Public Pensions
Native Americans React To Oregon Armed Occupation: Burns Paiute Tribe Says, 'We Were Here First'
The leader of Oregon's anti-government occupation got a $530,000 federal loan
Shale-rich Oklahoma facing budget crisis
Most Americans are one paycheck away from the street
Americans are about to get poorer in 2016 as the wealth effect reverses: 63 percent of Americans have no emergency savings.
Factory Orders Decline Again, Previous Month Revised Lower
Controlled by shadow government: Mike Lofgren reveals how top U.S. officials are at the mercy of the "deep state"
How Corrupt Is the American Government?
Your tax dollars at work. And it's a long list. -- RF
Politicians Use North Korea H-Bomb Fears to Pitch Wasteful Missile Defense Projects
Defaults and Restructuring Next for Retailers
Retail Is Doing Terrible Because Americans Don't Have Any Money
Macy's to Cut Thousands of Jobs, Close Stores in Major Restructuring
Big-dollar baby formula thefts dog stores, police across US

## The candidates ##
The Four Horsemen Of Fear—-Brooks, Cruz, Rubio And Trump
Bernie Sanders wants to cap ATM fees at $2, vows no Goldman Sachs employees in his administration
Donald Trump Threatens To Scrap Over $1B Investments In Scotland If Banned From UK
Trump fails to create promised jobs and investment in Scotland, locals say
Leon Panetta endorses Hillary Clinton

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