Tuesday, February 23, 2016


News Links, February 23, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Iraq On The Brink Of Chaos As Oil Revenues Fall
Moody's: Gulf banks pressured by oil
The Danger Of Low Oil Prices For The Global Economy
The World Is Hoarding Gold: "This Was Just A Taste Of What's To Come"
Eurozone Recovery is Over: Deflationary Pressures Intensify as Growth Slows
Europe's Largest Bank, HSBC, Posts Surprise $858 Million Loss: Analysts Expected Profit of $1.95 Billion
German Economy Takes a Blow From Weakening Global Demand
The cost to insure Australian bank debt is rising
Watch all of the government debt in the world grow in real time
U.S. owes nearly one third of total global debt.
Big jump in use of Swiss 1,000-franc bills
Circulation of Switzerland's 1,000 franc note, among the largest denomination bills in the world, rose sharply last year after the country's central bank cut interest rates deeply into negative territory.
Silver and Gold Will Protect From Coming Bail-Ins
Dubai construction giant Arabtec posts $627 million loss
"We've Reached The Limit": Denmark Central Bank Chief Says Monetary Policy Is Exhausted

## Cut, baby, cut! ##
Cobalt International Energy to Cut 50 Houston Positions
Battered Brazil Carmakers Say Worst Isn't Over as Job Cuts Loom
Deutsche Bank, Credit Suisse cut global markets jobs

## War on cash/cashless society ##
Greek Attempt To Force Use Of Electronic Money Instead Of Physical Cash Fails
New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill
The Escalating War on Cash and What It Means For Metals

## Airline death spiral ##
Engine trouble forces ANA Dreamliner back to Kuala Lumpur
Mobile fingerprint terminals to cut airport wait times
Airlines attempt to raise fares for the fifth time this year
The Madness of Airline Élite Status
Transportation Department breaks down airline complaints
Unruly mob removed from Melb-Syd flight
Woman throws tantrum with plane on runway after being denied upgrade to first-class on Chengdu-Macau flight
Are airlines bilking the public with bogus fees?
Shrunken seat sizes endanger passengers: Column
Open skies policy lags as airports hit capacity
Nationwide Pilot Shortage Impacts Region
India's creaky infrastructure struggles to keep up with air travel boom
Passengers evacuated from JAL plane in Hokkaido after report of smoke from engine

## Fault lines/flashpoints/powder kegs/military/war drums ##
Report: Germany Mulling Military Training Mission In Tunisia
Germany is considering sending troops to Tunisia to help train soldiers in the fight against the Islamic State group, a newspaper report said on Sunday.

## Unmanned vehicles ##

## Migrants/refugees ##
More Austrian Troops To Deal With Migrant Inflow
Austria said Sunday it is beefing up the army at its borders to deal with the inflow of migrants, with 450 more troops from Monday and military police on standby in case of trouble.

## Global unrest/mob rule/angry people/torches and pitchforks ##
Deal reached to end Indian caste protests
IEA: Slashed spending by drillers could lead to price spike
Oil prices will more than double by 2020 as current low prices lead drillers to cut investment in new production and gradually reduce the glut of crude, the head of a group of oil-importing countries said Monday.
As U.S. shale sinks, pipeline fight sends woes downstream
Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well.
"You're looking at a forty-year life span, maximum, for Powder River coal," said USGS geologist Jon Haacke, one of the authors of the analysis.

## Got food? ##
For Russian Farmers, Climate Change Is Nyet So Great

## Intelligence/security/internet/cyberwar ##
Experts: The FBI's iPhone-unlocking plan for Apple is risky

## Systemic breakdown/collapse/unsustainability ##
Oil's Slump Is Scattering The Workforce And Supply Chain
Kosovo Chaos Undercuts Clinton 'Success'
President Bill Clinton's Kosovo war of 1999 was loved by neocons and liberal hawks – the forerunner for Iraq, Libya, Syria and other conflicts this century – but Kosovo's political violence and lawlessness today underscore the grim consequences of those strategies even when they "succeed."

## Japan ##
No bliss in this ignorance: the great Fukushima nuclear cover-up
The Japanese were kept in the dark from the start of the Fukushima disaster about high radiation levels and their dangers to health, writes Linda Pentz Gunter. In order to proclaim the Fukushima area 'safe', the Government increased exposure limits to twenty times the international norm. Soon, many Fukushima refugees will be forced to return home to endure damaging levels of radiation.
The System Has Failed
American culture contextualizes failure in individualistic terms: the system didn't fail--you failed. Never mind the system is set up to fail many (if not most) participants: the cultural narrative is that failure to succeed, failure to get ahead, and failure to fit in all boils down to personal failure: failure to follow the rules, work harder, please your boss, transition to a new career, extricate yourself from dysfunctional situations, and so on.

## The candidates ##
Hillary Clinton and the Dogs of War
Former Secretary of State Clinton grudgingly admits her Iraq War vote was a "mistake," but it was not a one-off misjudgment. Clinton has consistently stood for a war-like U.S. foreign policy that ignores international law and relies on brinkmanship and military force.

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