Tuesday, May 31, 2016


News Links, June 1, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
S. Korea's top 9 shipbuilders' debt amounts to 100 tln won
Tourism Threatens to Collapse in France
Stacked Deck: US Bullies WTO, TPP Revisited
Proving once again, not that any more proof was need, the World Trade Organization is nothing but a political organization of fiefdoms out to protect their own interests, not really do anything to foster trade.
China's Slowdown Hits Nearby Economies Hardest
The Five Stages of Central Bankers' Failure
Many millennials expect to work until they die
Bahrain four-star hotels facing 'tremendous' drop in occupancy rates
Easy Money, Excess Capacity, Trade Wars And Deflation—–It's All Linked
Warren Buffett says money can't fix the biggest threat to the world
Dubai property prices said to fall up to $6,800 in past year
Saudi central bank's foreign assets shrink $6bn in April
Foreign assets at Saudi Arabia's central bank shrank $6 billion in April as it liquidated some financial holdings to cover a big state budget deficit caused by low oil prices, official data showed on Sunday.
Avoid 'white elephant' World Cup stadiums, FIFA warns
As Qatar pushes ahead with the construction of six World Cup stadiums, a FIFA executive has cautioned a Doha audience against building 'white elephant' facilities that could end up dormant once the tournament ends.

## Cut, baby, cut! ##
Austin Reed collapse to cost 1,000 jobs (UK)

## War on cash/cashless society ##
New Credit Card Scrutiny Sends Indonesians Back To Cash
Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.
Is Bitcoin Really Money? Economics Professor Says 'No' In Landmark Criminal Case
Australia to auction $11.5 million confiscated bitcoins
Big Issue to give homeless people tap-and-go terminals to prevent falling sales (UK)

## Airline death spiral ##
Airbus relies on current A320 model to meet delivery goal
Somalia sentences two to life in prison for February airline blast
Hong Kong air passengers to pay fee from August to fund third runway as Cathay Pacific welcomes first of Airbus A350s
Royal designer lashed out air stewardess when ordered off Virgin flight to Dubai
Shrinking airline seats, no free meals raise alarm, says passenger rights advocate
Airline Traffic Heading Toward Slowdown: IATA
United Airlines Is Slimming Down to Grow Earnings
Flier Says Lack of Legroom Almost Killed Him

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Great Asian Arms Buildup
Obama Has Slowed Reduction in US Nuclear Arsenal
The US is Raiding its Global Bomb Stockpiles to Fight ISIS
Taliban Kills 57 Police as Afghan Province Nears Collapse
Air Strikes on Isis in Iraq and Syria Are Reducing Their Cities to Ruins
Saudi says intercepts and destroys ballistic missile from Yemen
Russia to Turkey: Withdraw your troops from Iraq - RIA cites Lavrov
Israel's settlement drive is becoming irreversible, diplomats fear
Israel boycott: 33% of Americans, 40% of Brits in favor, Israeli UN ambassador cries foul
Indonesian navy fires shots, seizes Chinese fishing boat near disputed South China Sea
South China Sea Controversy: Territorial Dispute Cannot Be Resolved With 'Might Is Right' Idea, Singapore's Goh Chok Tong Says
Erdogan Says "Contraception is Treason, Women Not Equal to Men, Muslims Must Multiply Descendants"
Former Miss Turkey Sentenced For Insulting President Erdoğan On Social Media
Almost 100 Beheadings So Far in 2016 and Counting… And No, It's Not ISIS
Will Germany End Russian Embargo? Berlin Considers Lifting Some Sanctions As EU Deadline Looms
Things will get bloody, Nigerian militant group says
Taiwan Lifts Punishment For Those Altering Passports With "Taiwan" Stickers

## Migrants/refugees ##
2016 shapes up as a deadlier year for migrants fleeing to Europe
Mediterranean Sea disasters leave more than 1,000 dead
Bulgaria stops 100 migrants at Greek border
26 women report sex assaults at German music festival

## Global unrest/mob rule/angry people/torches and pitchforks ##
Nearly 60 Shot in Chicago Memorial Day Weekend Violence
France acts to buy off social unrest before Euro soccer kickoff
Texas men train to shoot Muslims and dip bullets in pig blood so victims 'go straight to hell'
Belgium faces worsening strikes and rail chaos

## Energy/resources ##
Nigeria's Oil Production In Free Fall After More Attacks
The Shocking Reason Why China Will Send The Price Of Silver Skyrocketing Over $100!
3 Years Of Painful Cuts Sets Markets Up For Serious Supply Crunch
According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. But the deficit will only widen in the years ahead due to the dramatic scaling back in spending on new exploration and development.
Germany to shut nuclear liability loophole -sources
May 30 Germany plans to ensure that utility companies remain liable for the costs of shutting down the country's nuclear power plants even if they split up, government sources said on Monday.
The utilities might be legally liable, but I guarantee there won't be enough decommissioning money. -- RF
Germany plans draft law on nuclear storage costs in August
The German cabinet plans to approve a draft law on August 3 that will require its utilities to pay billions of euros into a state fund to help cover the cost of nuclear storage, according to an Economy Ministry timetable seen by Reuters on Monday.
California oil EROI dropped from 6.5 to 3.5 by 2005
Iran Emerging As Next Destination for Oil Investors Worldwide
Japan, China face mounting risks of stranded coal investments
Troubled Indian Point nuke reactor to reopen in summer
The Indian Point 2 nuclear reactor will reopen late next month in time for the summer's peak energy season after a longer-than-expected shutdown because of deteriorating bolts critical to the plant's safety.
World's first grid-connected tidal array almost complete
Sweden nears deal to phase out nuclear tax over four years - report
State-owned Swedish utility Vattenfall has called on the government to abolish the tax to avoid early shutdown of loss-making nuclear reactors and a potential spike in electricity prices.

## Got food? ##
Your Next Hamburger May Come With a Side of Endangered Wolf
Nigeria: Food prices soar owing to unrest in agrarian states
More Than Half Of Malawi's Population In Need Of Food Aid
N. Korea's food shortage running deep
General Mills recalls 10 million pounds of flour

## Environment/health ##
Swimmers in Calif., Fla. hospitalized after shark bites
The ocean is the sharks' world. We venture into it at our own risk. -- RF
Outrage Grows After Gorilla Harambe Shot Dead at Cincinnati Zoo to Save Tot
Honeybees pick up pesticides from non-crop plants, too
"Although crop pollen was only a minor part of what they collected, bees in our study were exposed to a far wider range of chemicals than we expected," Christian Krupke, professor of entomology, said in a news release. "The sheer numbers of pesticides we found in pollen samples were astonishing."
Gardeners fueling bee decline by using weedkillers and pesticides
Glyphosate Found in Urine of 93 percent of Americans Tested
Torrential downpours wreak havoc in north Europe

## Intelligence/security/internet/cyberwar ##
The Military Is Building an Employee Database to Predict Traitors
Eric Holder: Edward Snowden Performed a 'Public Service,' But Must Be Punished
Why To Be Suspicious Of Every Election — Electronic voting machines have opened up Pandora's box
Indonesia's justice ministry wants to track rapists with implanted microchips.
State Department Issues New Travel Alert for Europe
US Court Says No Warrant Needed For Cellphone Location Data
Myspace Accounts Hacked: Time Inc. Confirms Massive Breach As 360 Million Passwords On Sale On Dark Web
The Rapid Spread Of Ad Blockers——Why The Next Billion Mobil Users My Be Invisible

## Propaganda/censorship ##
Forgetting the Crimes of War
In the U.S. political culture, Memorial Day has become one more chance to glorify American wars and to exploit U.S. soldiers' deaths to generate sentiment for more wars, a troubling tactic.

## Systemic breakdown/collapse/unsustainability ##
Capacity crowds: Is the era of restricted access to US national parks here?
Dozens Shot Over Memorial Day Weekend As The Collapse Of Chicago Accelerates
200M drive over structurally deficient bridges daily (US)
Venezuela's isolation grows as Lufthansa cancels flights to Caracas
Report: Obama administration installs 'new regulation every two hours and 24 minutes'

## Japan ##
Japan Minister Endorses Two Coal-Power Plants North of Tokyo
Japan weak retail sales bolsters tax hike delay plan
Japan's train conductors would like to remind everyone not to attack them
Train rage? -- RF
Japan Puts Military On Alert For Possible North Korea Missile Launch
World's Japanese growth engine stays in the station
Science Council of Japan considers overturning long-held opposition to military research
The nation's largest and most powerful group of scientists has started discussing lifting its decades-old ban on defense-related research as the government seeks more collaboration with civilians in the development of weapons technology.
TEPCO clearing radioactive debris from reactor
4 trillion yen upgrade begins for Japan's aging freeways

## China ##
China Default Chain Reaction Threatens Products Worth 35% of GDP
Beijing Ramps up air Pollution Control Measures; Lists Smog as a 'Meteorological Disaster'
Center for 'socialist journalism' opens in China as part of Xi push to cow media
Beijing working on air defence zone in disputed South China Sea
Chart highlights China's debt bubble bigger than U.S. subprime bubble

## UK ##
UK needs 'more resources' to tackle migrant boat threat
Fifth of UK couples close to break-up - Relate study
London university scraps 400 jobs and two campuses
Austin Reed to cut 1,000 jobs after administrators fail to find buyer
New Polls Show Brexit in Lead For 1st Time: Did Cameron's Brexit Fearmongering and Lies Backfire?

## US ##
The Federal Reserve's $4.3 trillion ticking time bomb
For the first time on record the most common living arrangement for young adults is living with a parent.
Cuddling and Egg McMuffins Show Economic Slowdown Underway
What do escorts and McDonald's have in common? Both are responding to the end of economic growth, says Andrew Zatlin of Moneyball Economics.

## The candidates ##
Donald Trump's Worthless Real Estate Math
Bill Kristol's Independent Pick To Take On "Roaring Jackass" Donald Trump Revealed
Bernie Sanders moves toward a fight over Israel, forcing Hillary Clinton to navigate a splintered party
Protesters Jump Barrier at Sanders Rally
Huffington Post Removes Article Claiming Hillary Will Be Indicted On Federal Racketeering Charges
Establishment media begins to admit Clinton has problems
Trump scolds media: How dare you question me
Opportunist Trump Meets Fanatical NRA

And finally...
Woman has problems backing up Jeep; ends up in pool
Chinese man with head stuck in washing machine rescued by fire crew

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