Tuesday, March 01, 2016


News Links, March 2, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
World Trade Falls 13.8% In Dollar Volume
Global Recession Roundup
Global Manufacturing Rolling Over: Over 70% Of Global PMIs Decline In February
Factory activity shrinks in US, China in February
Scaling a $9.5 Trillion Debt Wall
Companies still have a little time before they must pay down the bulk of $9.5 trillion of debt maturing in the next five years. That's the good news.
Saudi's central bank plans to launch an 'affordable mortgage' programme
Saudi Cash Reserves Drop To Lowest Level In 40 Months Amid Crude Carnage
GCC faces pressure over $94bn of outstanding debt, says HSBC
"Valuations Will Fall Back": Bank of England Gov. Carney Pooh-Poohs NIRP Miracle
Gold Becomes the Biggest Winner of 2016
Singapore Firms Going Out of Business in 'Ominous' Sign: Chart
Brazil's Economy Probably Shrank At Steepest Rate In A Quarter Century Last Year As Investment, Consumption Collapsed
The Delusional Australian Housing Bubble
Eurozone inflation rate drops below 0 as energy costs slide
"Eurozone Will Collapse" Says Former Head of Bank of England: "It's Real Hell"
Australia's Gold Output Climbs to 12-Year High, Surbiton Says
India imposes gold sales tax on top of record import duty
'More than $1 billion' was transferred into Malaysian PM's accounts
Asian factories hit hard in February, jobs on the line
Why Globalization Reaches Limits
Japan's Negative Interest Rates Are Even Crazier Than They Sound

## Cut, baby, cut! ##
Almost two million Chinese steel and coal workers are expected to lose their jobs as the sector tries to reduce overcapacity.  
GE to 'aggressively' cut costs in 2016: Immelt
Petronas May Cut 1,000 Jobs as Oil Slump Prompts Reorganization

## War on cash/cashless society ##
The Fed is Working to Implement NIRP
Haldane Pushes Bank of England to Probe Future of Cash
HSBC: No need to ban cash – it would take 20 years for everyone to withdraw their savings
Chinese Banks Waive Fees for E-Money Transfers
Bring Back The $1,000 Bill—-Cash Is The Currency Of Freedom
Bitcoin trading volume goes up 5000% in South Africa

## Airline death spiral ##
How airlines keep packing on fees for checked bags
Thai Airways logs third year in red
Aeroflot suffers loss despite strong year for airline sector
One Dead After Gunshot Heard at Hong Kong Airport
Airlines are making economy class even worse
Flight 'disturbances' spark rise in police calls
2 planes slide off O'Hare Airport runways minutes apart

## Fault lines/flashpoints/powder kegs/military/war drums ##
Saudi Warplanes Arrive at Turkish Airbase
Russian warplanes sit idle on Syria base during cease-fire
Turkey's 'provocative' military actions could jeopardize Syria ceasefire – Russian military
South China Sea Controversy 2016 Update: Japan And Philippines Sign Defense Agreement Amid Regional Uncertainty
Pentagon Awards Contract To Sell Smart Bombs to Turkey
WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire
South China Sea Dispute: Singapore Leads ASEAN Talks With Beijing
America's Next Great Boondoggle—Er, Bomber—Is on Its Way
US Army aims to arm soldiers with lasers in 2023
Mexico reports fresh theft of radioactive material
Branch by branch, a look at N. Korea's massive military
Russia Taking US Military Sales As Allies Grow Tired Of Slow White House Process To Buy Weapons
After Iranian Elections, President Rouhani Targets Syria Changes And New Relationship With West
Pirates on the high seas are hacking ship computers first

## UAVs ##
Connecticut moves to regulate civilian arming of drones

## Migrants/refugees ##
Swiss voters have rejected a proposal to vigorously expel foreigners who commit crimes
EU Refugee Crisis In France: Calais Camp Demolition Begins As Asylum-Seekers Look To Resettlement
Calais 'jungle': Migrants set tents on fire as riot police attempt to evict them
EU Refugee Crisis In France: Calais 'Jungle' Camp On Fire, Woman Slits Wrists In Protest
Macedonia police fire teargas at migrants while Europe bickers
Caught On Tape: 500 Syrians Storm Greek Border Fence With Homemade Battering Ram
Europe's crisis worsens: Migrants face razor wire, tear gas
And the worst is yet to come. -- RF
Leaked plan shows Germany ready to shut border on refugees unless EU leaders agree on joint strategy
Greece further strained as refugees try to enter from Macedonia

## Global unrest/mob rule/angry people/torches and pitchforks ##
About 100 Workers Walk Out at Tesla Battery Plant Building Site
Riots in France as migrant camps get demolished

## Energy/resources ##
What Would Negative Interest Rates Mean for the Oil Market?
At current oil prices, there are virtually no fields that make economic sense to develop. As a result, negative interest rates are unlikely to boost oil supply further.
Chesapeake's AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls
Mexico's Oil Giant Posts Record $32 Billion Loss, Cuts Crude Price Forecast To $25
Brazilian Oil Giant Petrobras Could Lose Its Most Valuable Assets
PETRONAS' 2015 Net Profit Down 56% YOY to $5B, $12B Spending Cuts Planned
Germany nuclear liability talks to extend into April - sources
Mexico will defer oil exploration projects to slash spending
Chevron Said to Weigh Sale of Asian Geothermal Energy Operations
Russian oil bosses voice support for oil output freeze, not cut
Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank
Peak oil in the South China Sea (part 1)
Spain's Abengoa posts 1.2 bln euro net loss, debt rises
Moody's Downgrades Offshore Drillers, Including Ensco, Transocean

## Got food? ##
Scientists race to halt banana catastrophe
Walmart Sued for Adding 'Wood Pulp Product' to its Parmesan
Malawi to import 50,000 tonnes of maize after drought worsens
Tajikistan warns neighbours drought may be coming
Tajikistan, which sits on Central Asia's main water source, warned its citizens and neighbours in the region on Tuesday of a potential drought this year and urged them to stock up on food.
Insect hotels for your garden

## Environment/health ##
Zika At Rio Olympics 2016: Can Athletes Trust The IOC To Protect Them In Brazil?
Study shows Zika 'might cause' Guillain-Barré syndrome
Mexico says 11 pregnant women infected with Zika
E-Cigarettes One Million Times More Harmful Than Air In Hong Kong, Chinese Study Finds
Daylight saving time increases stroke risk, scientists find
Sea level rises incur compounding costs
30 years on, Norway's radioactive reindeer are a stark reminder of Chernobyl legacy

## Intelligence/security/internet/cyberwar ##
Unlocking iPhone would leave millions exposed, Apple to tell Congress
Apple Wins in Brooklyn Battle Over Unlocking iPhone
Judge rules Apple doesn't have to help FBI unlock terror suspect's smartphone
'Incredibly Creepy' Billboards to Track Behavior of Passers-By
Clear Channel Outdoor Americas, which owns tens of thousands of billboards nationwide, is on Monday announcing plans to use people's cell phones to allow its billboards to track the behavior of everyone who walks or drives past the ads.
US to renegotiate arms control rule for hacking tools
Your Smartphone Knows Who You Are and What You're Doing

## Propaganda ##
"The Future" as a sales pitch
'Love the party, protect the party': How Xi Jinping is bringing China's media to heel
The New York Times' Strange Behavior in the Controversy Over Trump's Off-the-Record Comments

## Systemic breakdown/collapse/unsustainability ##
Cities Of Refuge: Why Are People Creating Hundreds Of Places Of Refuge All Over America?
Which mega-cities offer best protection from climate change?
It doesn't matter in the least, because mega-cities are unsustainable. -- RF

## Japan ##
Takahama reactor automatically shuts down after alert: Kansai Electric
Kansai Electric to put off troubled Takahama reactor's commercial operation
Japan may lease MSDF training aircraft to Philippines amid China buildup
Japan Sells 10-Year Bonds at Negative Yield For the First Time
Lower House approves record ¥96.7 trillion budget
Japan's capex flatlines as economic outlook blurs
Abe cites need for Japan to fully exercise right to collective self-defense
Manpower shortages in disaster-hit areas curb subsidy applications
Top TV journalists slam communications minister's 'shameful' remarks
Prominent TV anchors and news commentators condemned communications minister Sanae Takaichi's threat to shut down  broadcasters over "biased" political programming as essentially a declaration of war against free speech and the media.
Japan's household spending falls for fifth straight month in January, blamed on warm weather
Australia increasingly likely to pick Japan for huge submarine order, experts say
Abe plans to go ahead with consumption tax hike

## China ##
China Faces RMB 15 Trillion Bombshell As Shadow Banking Sector Collapses
China Expects To Lay Off 1.8 Million Workers In Coal, Steel Sectors
China's Mass Unemployment Wave Begins: Six Million Workers To Get Pink Slips
China discontinued its one-child policy in fear of a future shortage of workers. -- RF
New Year hangover: Strains show in China's factory heartland
China Eases Banks' Reserve Ratios To Boost Liquidity As Weak Yuan Drags Down Global Stocks
China PMI Weakens For Record 7th Month As Chinese Central Bank Boosts Liquidity
China Pushing Banks To Boost Lending In Move To Juice The Economy Without Encouraging Capital Flight
Official and Caixin factory activity gauges slow again in Feb, underlining need for RRR move
China's Currency And Economy Are Imploding
The Red Ponzi's Latest Scam—-Securitized Bad Loan Bonds

## UK ##
WTF: UK burning wood from U.S. forests to meet EU renewables targets
Thousands of NHS doctor and nursing posts are vacant
Northern Powerhouse? 10 of the UK's 12 most struggling cities are in the North, report reveals
900,000 UK retail jobs could be lost by 2025, warns BRC
London Bubble Trouble – Visas Issued to Wealthy Foreigners Plunge 84%
Why are energy firms U-turning on green agenda now?
One in ten local councils are criminalising homeless people with new rules
British fracking surveys may address tremors
Snooper's charter: wider police powers to hack phones and access web history
Young adults will have to work until their mid-70s before qualifying for state pension, experts warn

## US ##
What If There Are No More Googles, Facebooks or AirBnBs?
Miami's Epic Condo Boom Turns into Glut
Four students wounded in Ohio school shooting; 14-year-old suspect arrested, charged
About That 'Revised' Q4 GDP—-29% of Growth Due To Health Services Spending
Manufacturing ISM Contracts 5th Month Despite Rise in New Orders
In Detroit, people are urged to get a second mortgage when buying a house
The housing market in Detroit is so troubled that a new program has been created to help home buyers take out two mortgages when buying a home — one for the purchase price and one for renovations.
Some Real Costs of the Trans-Pacific Partnership: Nearly Half a Million Jobs Lost in the US Alone
It's Not Just the GOP – The Democratic Party is Also Imploding
Google says it bears 'some responsibility' after self-driving car hit bus
Subprime auto loan delinquencies hit six-year high
It Gets Ugly in the Startup Bust
Older women 80% more likely than men to be impoverished

## The candidates ##
Hecklers disrupt Trump rally, photographer shoved to the ground
A Time magazine photographer trying to document the exit of dozens of black protesters from the rally in southwestern Radford, Virginia, was grabbed by the neck and shoved to the ground by a U.S. Secret Service agent.
DNC Vice Chair Resigns, Throws Support Behind Bernie Sanders
Some of the world's most infamous racists are endorsing Donald Trump
Donald Trump's David Duke Problem: Republicans, Democrats Blast Billionaire Over His White Supremacist Supporters
Donors ask GOP consulting firm to research independent presidential bid
A group of Republicans is moving quickly to research ballot-access requirements for independent candidates in case Trump wraps up the GOP nomination next month.
Alabama's Jeff Sessions Becomes First Senator to Endorse Trump
Bernie Sanders raises $38 million in February
The Clinton's And Wall Street—-24 Years of Conjugal Relations
Hillary's Goldman Sachs Speech: 'I Started On Third Base, Thanks For Helping Me Steal Home'
Trump's Grand Plan to Thwart the Constitution so He Can Sue Journalists He Doesn't Like
"The GOP Is On The Verge Of A Meltdown": Senior Republicans Threaten To Vote For Hillary
Could Donald Trump Be a New Kind of Transactional President?
"The Others Are Worse Than Hitler" A Middle-American Couple Explain Why They're Voting For Trump
Report: Donald Trump Requested That a Group of Black Students Be Removed From His Rally Before It Had Even Started
Federal Law Criminalizes Protesting Trump Now That He's Guarded by the Secret Service
Clinton projected to win Virginia, Georgia; Sanders projected to win Vermont

And finally...
Delivery Driver Leaves Package Exactly Where Customer Requested
Weaponized wig offered to Donald Trump by Japanese inventor

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