Tuesday, February 02, 2016


News Links, February 3, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Egypt's NBE bank sold $2.5 bln in 3 months to cover imports -chairman
Oil price crash: Saudis told to embrace austerity as debt defaults loom
Kingdom faces a future of higher taxes and low fuel subsidies amid fears the world's weakest oil producers will soon begin to buckle
Asia's factories parched for demand, need stimulus
The Cannibalized Company
As stock buybacks reach historic levels, signs that corporate America is undermining itself
Global Bond Yields Extend Collapse As German, Japanese Hit New Record Lows
World 'crazy' to give central bankers power: Faber
Astonishing: Russian Gold Demand Increases Despite Serious Economic Troubles
Another Real Estate Market Bites the Dust – Hong Kong Prices Plunge, Transactions Hit 25-Year Low
Schengen: Europe's Free-Travel Zone Faces Possible Demise, With Heavy Cost To European Businesses
Global Liquidity Continues to Contract
The End of Globalization, Part 3

## Cut, baby, cut! ##
Yahoo to cut 15 percent jobs, close several units: WSJ
Centrica's British Gas to cut 500 jobs to rein in costs
Britain's largest energy supplier, British Gas, said on Tuesday it would cut around 500 jobs, the first as part of a plan by parent company Centrica to shed 6,000.
BP to Cut 7,000 Jobs in 2016/2017 after Worst Results for Two Decades

## War on cash/cashless society ##
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
Electronic money providers double over past two years

## Airline death spiral ##
Airlines restore tiny perks, like pretzels, to pacify fliers
Why You're Still Paying Fuel Surcharges After the Oil Crash
Six-hour flight delay leads to passengers assaulting airline staff, security personnel
Security personnel and commercial staff of SpiceJet were manhandled by some unruly passengers on Monday following a six-hour delay in the departure of Mumbai-bound flight of the airline.
Alaska Village Officer Uses Duct Tape to Restrain Man on Flight to Asia
FBI: Unruly passenger had four drinks, assaulted flight crew members
Chinese airlines to blacklist unruly passengers
Delta pilot grounds flight after crew fights with 'flying fists'
Yet another example of crew-member air rage. Flying was supposed to be one of the greatest experiences ever — a dream of humanity for thousands of years, but instead it's driving people nuts. -- RF
Passenger On Chinese Flight Attempts To Open Cabin Door, Then Attempts To Commit Suicide
Plane with gaping hole makes emergency landing in Somalia
Plan to spin off air traffic control generates turbulence

## Fault lines/flashpoints/powder kegs/military/war drums ##
Ban doubles down on Israel comments in NY Times
Academic boycott of Israel takes off in Italy
Russia Releases Video Of Turkey Shelling "Syrian Civilian Settlements", Demands "Immediate Explanation"
DOD requesting 3,000-5,000 more troops for Europe in FY17 budget
Is France at War? Its Forces Certainly Are, Top Defense Official Says
Chinese Military Aircraft Breach Korean And Japanese Air Defense Zones Near To Disputed Ieodo Island
2017 Defense Budget: Will The Next War Be In Europe? $3.4B Request Highlights Russian Threat
Pentagon Running Low on Smart Bombs for ISIS Campaign
Death toll up to 70 from Islamic State Damascus attack - monitor
Iraqis running out of food and medicine in besieged Falluja
Sydney Schools Lockdown: Police Operations Underway As Precaution Following 'Numerous Threats'
In today's world you don't even need a bomb to be unbelievably disruptive. The only "weapons" that perpetrators need are telephones or email. Unfortunately we'll have to expect more of this as people with destructive agendas try to disrupt societies. -- RF
Feeding the Military-Industrial Complex
Because he had commanded Allied forces in World War II, President Eisenhower understood the excesses of the war industry and warned Americans about the dangers of the military-industrial complex, a force that continues to siphon off tens of billions of tax dollars.
Boko Haram burns kids alive in Nigeria, 86 dead

## UAVs ##

## Migrants/refugees ##
Amid ISIS Concerns, 20,000 Syrian Refugees Trapped On Jordanian Border
Aegean Sea refugee crossings rise 35 fold year-on-year in January - watchdog
Teenage Girl Admits to Fabricating Migrant Rape Claim That Outraged Germany
In Latest Shock Video, Migrants Maul Elderly Germans In Munich Metro
Austria To Pay Migrants €500 To Go Back Where They Came From

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mob calls for assaults on foreigners in Sweden; clashes at UK migrant protests
Israeli troops shoot and kill Palestinian attacker in West Bank: army

## Energy/resources ##
Shale: U.S Drillers Post Billions In Losses As Hedges Roll Off
More Oil and Gas Bankruptcies Are Assured
In 2015, 42 oil companies filed for bankruptcy. This year will likely be even worse. In December of 2015, 11 percent of E&P companies defaulted on debts coming due versus just 0.5 percent in the same period a year earlier.
North Dakota rig count ties recent low
Exxon Slashes Drilling Budget to 10-Year Low Amid Oil Slump
These Oilfield Service Giants Are Feeling The Squeeze
LukOil Back In Iran As Russia's Output Faces Decline
Saudi Arabia struggles to cope with cheap oil
The global rout of oil prices is taking its toll on the kingdom's bottom line. The country has been forced to cut government spending in its upcoming budget and increase production of crude oil—even though its hardly worth pulling it out of the ground.
Federal coal sales moratorium shakes industry stronghold
This Could Be A Big Setback For Iran's Oil Export Plans
Kabul in blackout as government struggles to fix power lines
Brazil's electricity consumption falls 2.1 pct in 2015
Another Nail In The Nuclear Coffin
Once Unstoppable, Tar Sands Now Battered from All Sides
Oil Majors Report Bleak Earnings As Glut Persists
BP reports biggest ever annual loss
Banks On The Hook For Bad Energy Loans
Russia says open to oil cooperation with other producers
Australian thermal coal exports to China fell nearly 30% last year

## Infrastructure scavenging ##
Cape Town lost R9m to electric cable theft and vandalism in just 6 months

## Got food? ##
Chipotle Served With Fresh Criminal Subpoena For Serving e.Coli Burritos
A Million People Are About to Lose Food Stamps Because of Kasich-Clinton Welfare Reform

## Lifestyle solutions ##
If having more no longer satisfies us, perhaps we've reached 'peak stuff'

## Environment/health ##
Zika Virus Declared An International Emergency By World Health Organization
Brazil says Zika virus outbreak worse than believed
Brazil Grants Forced Entry Into Private Properties To Hunt Zika Virus
First U.S. Zika virus transmission reported, sexual transmission cited
Review finds more than 500 problems in plant meant to treat Hanford nuclear waste

## Intelligence/security/internet/cyberwar ##
If You Go Near the Super Bowl, You Will Be Surveilled Hard
The hardware includes an array of cell phone surveillance devices, video cameras, automated license plate readers, and most recently, social media monitoring software.

## Systemic breakdown/collapse/unsustainability ##
I propose that the Global Recession of 2016 will trace the Seneca Cliff as described by Ugo Bardi.
Los Angeles Police Urge Residents 'To Protect Themselves' As Violent Crime Skyrockets

## Japan ##
£300 million cut to Scotland's schools after SNP targets councils
Scotland's schools have made £300 million of cuts over the past five years thanks to the SNP's squeeze on council budgets, according to a report warning that local authorities are facing a large black hole in their finances.
Growing cost of grid, green fees blocks UK power price cut
British households will not benefit from a fall in market electricity prices because their suppliers are facing rising costs elsewhere, such as green energy subsidies, which they say cancel out any wholesale price falls.

## US ##
The economy: Stupor Bowl 2016
Now Come The "Poppy Loans"……..100% LTV Up To $2 Million In SF Bay Area
American Students Know Almost Nothing About Their College Loans
Marines, Army: Time for women to sign up for draft

## The candidates ##
Donald Trump Promises to Build New White House Ballroom
George Soros pumps $6 million into Clinton super PAC.
A Detailed Look at The New York Times' Embarrassing, Deceitful and Illogical Endorsement of Hillary Clinton
The Times Endorses Hillary Clinton with a Banner Ad from Citigroup
Hillary Clinton's Hawkish Record
Hillary Clinton Flip Flopped On TPP Before, So Big Business Lobbyists Are Confident She'll Really Flip Back After Election
Bought & Paid For – 1/3 of All SuperPAC Donations Have Come from Wall Street
One quarter of federal workers might quit if Trump wins

And finally...
Misprinted summonses send potential jurors to phone sex line
Saudi customs agency tweets photos of creative alcohol smuggling attempts
What a 5 megabyte hard drive looked like in 1956
Raccoon boards Toronto subway during morning rush

<< Home

This page is powered by Blogger. Isn't yours?