Wednesday, February 17, 2016


News Links, February 18, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Nigerian leaders hope a Twitter campaign to buy local can save its currency
Australia considers reviving death taxes
I'm in Awe at Just How Fast Global Trade is Unraveling
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore
Italian Banks Are Circling The Drain—-Together
Brazil's 5,500 Bankruptcies in 2015 Signal Deeper Credit Crisis
China Must Cut Steel Output Deeper and Faster, India's JSW Says
China Rebalancing in Reverse: Nonperforming Loans Jump 51% from 2014 as Lending Hits Record High
Consumer Confidence Crashes To 23-Year Low In Norway As Growth Grinds To A Halt
ECB in talks with Italy over buying bundles of bad loans
Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause
21 New Numbers That Show That The Global Economy Is Absolutely Imploding
Puerto Rico government cites 'substantial doubt' about its solvency
Brazil could waive U.S. dollar to bolster Iran trade - minister
Brazil will accept payment from Iran in euros and other currencies for planes, cars and machinery to sidestep lingering U.S. sanctions on the oil-rich nation, Trade Minister Armando Monteiro told Reuters on Tuesday.
Lost in translation: Wal-Mart stumbles hard in Brazil
Another Estimate of 'Dollar' Destruction
The eurozone can't survive another banking crisis
S&P Downgrades Saudi Arabia For Second Time In 4 Months, Also Cuts Oman, Bahrain
U.S., British Officials Poised to Charge Banks With Rigging Interest Rates
Investor Sentiment in Canada Hits Lowest since March 2009
Keynesianism's Long March to the Dustbin of History
Russians urged not to buy extra TVs, washing machines during recession
Russian Central Bank Officials are urging citizens to better prepare for future recessions by limiting spending on TVs and washing machines.
Renting Giant Cruise Ships Is the New Wave in Private Yachting
A weeklong trip for 200 of your closest friends aboard a floating city will set you back only $500,000.

## Cut, baby, cut! ##
Daimler Trucks to cut 1,250 jobs in North America
Truck makers slash jobs as orders drop
Transocean and Pioneer cut hundreds of jobs
Transocean said it will terminate up to 190 jobs Gulf of Mexico jobs in February as it shelves two of its drill ships operating in the Gulf, according to layoff notices filed with the Texas Workforce Commission.
Shell Australia prepares to cut Queensland jobs after BG takeover
Bombardier to cut 7,000 jobs

## War on cash/cashless society ##
Latest Version of Monopoly is Called "Ultimate Banking" and is Completely Cashless
Larry Summers Launches The War On Paper Money: "It's Time To Kill The $100 Bill"
Will parking meters soon go the way of the pay phone?
New York City Mayor Bill de Blasio said earlier this month that the city would implement technology to allow New Yorkers to pay for metered parking spaces using their smartphones by the end of 2016.
Apple Pay prepares to launch in China
Urgent Public Announcement — End of Cash (Bill Bonner)
The ban on cash is coming. Soon.

## Airline death spiral ##
South Korea increasing security at airport, port near China
Iata warns of potential aircraft crashes following 'real and growing threat' posed by drones
Japanese airports strengthen warnings against Zika fever
Qatar, Garuda CEOs say cheap oil is hitting airlines' business travel units
High-powered lasers used to blind pilots during flights could be withdrawn (UK)
Florida Bill Would Allow Guns In Airport Terminals Despite Objections From Aviation Officials
Pope Francis' Plane Lands Safely in Mexico City After Laser Flash: Airline
Air Canada calls for data sharing on 'unruly' passengers
Passengers Stranded in Hot Plane for 3 Hours at Philadelphia Airport
Airbus Patents Adjustable Seats For People Of Every Size, In-Seat Storage That Eliminates All Legroom
Some Boeing, Airbus suppliers have cold feet about increasing production
Bombardier to cut 7,000 jobs worldwide

## Fault lines/flashpoints/powder kegs/military/war drums ##
US To Send F-22 Stealth Fighter Jets To South Korea After North Korea's Satellite Launch
Amid North Korea Nuclear Threats, South Korea Calls For New, 'Extraordinary' United Nations Sanctions
South China Sea Controversy Update: At ASEAN Vietnam Urges Greater US Involvement In Spratly Islands
This "simple" chart of the war in Syria shows it's actually mind-bogglingly complicated
Syria Ceasefire Plan Moves Forward As 100 Trucks From Damascus Deliver Aid
South China Sea: Chinese Media Accuse US Of Gunboat Diplomacy, Warn Of Heightened Tension
China Sends Missiles To Contested South China Sea Island, US And Taiwan Say
Ankara Explosion: Injuries Reported In Turkey Capital Near Military Site
Radioactive material stolen in Iraq raises security fears
Lost Lessons of Libya
Despite months of Western diplomatic efforts, Libya remains an object lesson in "regime change" arrogance, a failed state beset by rival militias and becoming a new base for Islamic extremists – as the movie "Thirteen Hours" graphically depicts.
Playing Whack-a-Terrorist in Libya
The Libyan "regime change" of 2011 – aggressively promoted by then-Secretary of State Hillary Clinton – turned a relatively prosperous and secular country into another failed state where terrorism is finding a home, prompting new calls for a Western "whack-a-mole" intervention.
Israeli police briefly detain Washington Post bureau chief in Jerusalem
Yats Is Out: Victoria Nuland's Appointed Prime Minister Of Ukraine Is About To Replaced
Russia and Ukraine reach deal to temporarily unblock trucks
Bahrain releases US journalists after three days, but local reporters are still stuck in jail
China's 'Silk Road' train makes journey to Iran in 14 days
Report: Iran considers Russian arms deal
Iranian banks reconnected to SWIFT network after four-year hiatus

## Unmanned vehicles ##
Milrem unveils unmanned ground vehicle at Singapore Airshow
Israel Aerospace Exhibits New UAV Mission Operational and Intelligence Center
Researchers want to use wasps to improve UAV flight plans
Michigan-Developed Drone Catcher Ensnares Rogue UAVs
US Navy Offers Unmanned Aircraft for International Sales
70 Percent of World's Drones Manufactured In China

## Migrants/refugees ##
Turkish warplanes enter Greek airspace ahead of NATO operation
Turkish warplanes repeatedly entered Greek airspace on Monday, the state ANA news agency said, as NATO prepared to deploy ships to the Aegean Sea against migrant smugglers.
Not in my backyard? Mainstream Scandinavia warily eyes record immigration
Germany to see its number of asylum seekers 'halved in 2016'
"Just Say No": Austria Announces Daily Quotas on Refugees: Yearly Flow Reduced to 37,500 from 1,000,000

## Global unrest/mob rule/angry people/torches and pitchforks ##
Why hundreds are protesting at Obama's summit
Protesting Steelworkers Urge EU Not to Grant Trading Status to China
Two Madrid security chiefs hide from angry protesters who chase them into bar
Turkish police fire teargas on gold mine protesters
Protesters rally on Kosovo independence day

## Energy/resources ##
Deepwater Sector In Deep Trouble
Drilling activity in the deepest parts of the world's waters can yield tremendous oil volumes, but exploring thousands of feet below sea level is also the most expensive of energy's high tech endeavors. And in an environment of $30 oil, investment in deepwater production is pouring out.
35% of drillers at high risk of bankruptcy: Report
Brazil's Petrobras To Sell All Electricity Assets
Reeling from debt and a massive corruption scandal, Brazil's state-owned oil giant, Petrobras, is divesting all of its electricity sector assets as part of its move to refocus on oil and raise over $57 billion to pay off debt.
Nigeria To Send Troops To Protect Niger Delta Oil Assets
Downturn Now Hitting The Refining Sector
Spain's Abengoa says needs 826 million euros in 2016
Indebted Spanish energy group Abengoa needs 826 million euros ($922 million) of fresh cash to make it until the end of the year and a further 304 million euros in 2017, the company said.
Saudis, Russians Fail To Cut Oil Production, Will Freeze Output At Record January Level
Another Meaningless Oil Announcement: Russia and Saudi Arabia Agree to Freeze Output; All Hype, No Substance
World outside US and Canada doesn't produce more crude oil than in 2005
EU Importing More Than 50% Of Its Energy
Utilities Just Declared War On Solar
Oil Thefts Surge In Mexico As Cartels Become Specialized
Indian mineral blocks up for auction find few takers
World's oil supply on the brink of being permanently damaged at these prices
One Third Of Energy Companies Could Go Bankrupt Deloitte Warns As Credit Risk Hits Record High
Anglo Hastens Retreat From Coal, Iron Ore as Losses Double
Goldman Sees Indian Coal Worsening Glut in World Awash in Fuel
EU short of 118 billion euros in nuclear decommissioning funds - draft
Now can you see the emerging global nuclear disaster? -- RF
RWE scraps dividend in historic move to battle power sector crisis
RWE, Germany's second largest utility, has scrapped its annual dividend for the first time in at least six decades, opting to save cash which it might have to shift to a state-run fund to decommission the country's nuclear power stations.
More nuke decommissioning woes! -- RF
Germany rejects EU plan for levy on industry for green energy
Germany has rejected as unacceptable European Commission plans to make industrial firms generating their own power pay a surcharge to help fund a transition to renewable energy, according to an economy ministry paper seen by Reuters.
The Billion Dollar Biofuel That Fell 2.7 Billion Gallons Short
Statoil cancels Maersk rig contract

## Got food? ##
UN says El Nino drought has left a million African children severely malnourished
Lesotho, Zimbabwe and most of South Africa declare emergencies, while in Ethiopia, the number of people in need of food assistance is expected to almost double from 10 million to 18 million
Dry Ivory Coast weather may cut mid-crop, farmers say
Better water management could halve global food deficit - scientists
New study finds clear differences between organic and non-organic milk and meat

## Environment/health ##
Here's the New Study the Fracking Industry Doesn't Want You to See
Mosquito Control Vital to Fight 'Staggering' Consequences of Zika, WHO Says
WHO paves way for use of genetically modified mosquitoes to combat Zika
As Zika Fears Spread, Might Pesticide Cure be the Cause?
A Viral Story Links The Zika Crisis To Monsanto. Don't Believe It.
Study: Link between sleep loss and social media usage
Energy Department Considers Burying Nuclear Waste in 3-Mile-Deep Holes
Britain leads race to make nuclear waste safe for 100,000 years
Savannah River Site becoming International Nuclear Waste Dumping Ground
Wake Forest University Scientists Print Living Body Parts
US military burn pits built on chemical weapons facilities tied to soldiers' illness
Extra CO2 the cause of dryland greening trends
World bicycle ownership going downhill
Bicycle ownership around the world is declining amid rising wealth levels and increased use of motorised vehicles in developing countries, a study has found.
New Report Ties "Hottest Year on Record" to Human Toll of Disasters
Methane-Spewing U.S. Linked to Global Surge in Potent Greenhouse Gas
Global Warming Crushes Records. Again.

## Intelligence/security/internet/cyberwar ##
The NSA's SKYNET program may be killing thousands of innocent people
"Ridiculously optimistic" machine learning algorithm is "completely bullsh*t," says expert.
Password cracking attacks on Bitcoin wallets net $103,000
The hospital held hostage by hackers
For more than a week, hackers have shut down the internal computer system at a Hollywood-area hospital for a ransom of 9,000 bitcoin, or almost $3.7 million.
U.S. planned major cyber attack on Iran if diplomacy failed: NYT
Apple ordered to help FBI break into San Bernardino gunman's phone
Apple Responds To Order To Help Decrypt Phone, As More Details Come To Light
Samsung: Careful what you say in front of our smart TV
Cyberattacks Increase As Companies Lack Malware, Hacking Security: Report

## Propaganda ##
Putin Doesn't Need to Censor Books. Publishers Do It for Him.
Greatest Threat to Free Speech in the West: Criminalizing Activism Against Israeli Occupation
Strangling the Israel Boycott
Brushing aside the free-speech rights of Americans, Sen. Mark Kirk and other members of the U.S. Congress are pushing Zionist-demanded legislation to stifle a boycott movement aimed at pressuring Israel to stop oppressing Palestinians.
Forbidden Vocabulary: How China Censors Hong Kong and Taiwan-related Words

## Systemic breakdown/collapse/unsustainability ##
Must see: Urgent Public Announcement — End of Cash (Bill Bonner)
Long, but well worth your time. One thing I would add is that, if the economy collapses as Bonner describes — and I have no reason at all to believe him wrong — power grids will likely go down soon afterwards. -- RF
2016: The Year Wishful Thinking Fails
GM recalls 200,000 cars for Takata air bag trouble
Toyota recalls over 1.1M SUVs for possible seat belt failure
How Free IS Our Freedom? Living Off Grid Being Declared Illegal?
If Zero Interest Rates Fixed What's Broken, We'd Be in Paradise
Rather than fix what's broken with the real economy, ZIRP/NIRP has added problems that only collapse can solve.
Collapse: coming right up! -- RF
Start Preparing for the Collapse of the Saudi Kingdom
Saudi Arabia is no state at all. It's an unstable business so corrupt to resemble a criminal organization and the U.S. should get ready for the day after.

## Japan ##
Bank of Japan launches negative rates, already dubbed a failure by markets
Negative interest rates: BOJ policy hits homes as insurers halt sales, mortgage rates drop
Japanese household spending falls 2.7%
¥300 billion price tag projected for scrapping Monju
Foreign submarine confirmed cruising off Tsushima Island
Man sues solar panel plant over glare, heat from reflection
More people in Japan starting work before 8 a.m.
Japanese TV anchors lose their jobs amid claims of political pressure
As deaths rise, so do chances of total Takata air bag recall
Japanese theme parks: USJ may cancel planned Okinawa launch
Japan's auto unions seek slimmer pay raises as economy stagnates
Nursing care facility abuse at record high

## China ##
China January new yuan loans climb to record high in seasonal surge
London Was Bleeding 184t Of Gold In December While China Imported At Least 217t
China defense spending rise 'in the cards'
China's Massive Debt Cram-Down — Desperate Measures for Desperate Times
Chinese Oil Major Sees Itself Forced To Shut Down Oil Fields

## UK ##
EDF to keep four UK nuclear plants open for years longer
Cost of raising children in UK higher than ever
Beavers blamed for flash floods in Scotland may actually control problem
Revealed: the great wind farm tax 'con'
Were Russian Bombers In UK Airspace? 2 Royal Air Force Jets Scrambled To Intercept Tu-160 Blackjacks
Calais migrant crisis: 'Bonuses' offered to truckers who refuse to drive through port

## US ##
New Fed Official Warns Biggest Banks 'Still Too Big To Fail'
Oil Crisis: As Prices Plunge, Houston Launches $2 Billion Plan To Become 'Third Coast' For Biotech
Empire State Manufacturing Contracts 7th Month, Another Dismal Manufacturing Report
Oil-rich Oklahoma looks to tourism for revenue
Debt Slavery in Action – Texas Man Arrested for Not Paying Student Loan Debt
Sudden Death? Junk-Rated Companies Headed for Biggest "Refinancing Cliff" Ever: Moody's
Earthquakes prompt lawsuit against Oklahoma energy companies
Next wave of store closings may hit luxury: Real estate pro
Wholesale Prices in U.S. Unexpectedly Rise on Higher Food Costs
Illinois Dead Last in Resident's Confidence in State Government
Housing Starts, Permits Drop For Second Month As Homebuilding Activity Remains Far Below Prior Peak

## The candidates ##
Lunatic "prosperity preacher" endorses Trump
Dynasty: Two Former U.S. Presidents Simultaneously Advocate for a Close Family Member as the Next U.S. President
Bernie Sanders' Phantom Movement

And finally...
Police respond to panicked call, find family watching 'Walking Dead'
Computer Glitch Triggers Price War between Two Ohio Gas Stations that Drops to Pennies per Gallon

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