Tuesday, May 10, 2016


News Links, May 11, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Major Banks Shrug Off Concerns Of Bad Energy Debt
The latest survey by the Federal Reserve among senior loan officers has revealed a pessimistic picture. Banks operating in the U.S. are still skeptical about the ability of their energy industry clients to pay back their loans, and they are taking a variety of steps now to minimize the damage.
The Red Flood Of Dumped Factory Surpluses Is Adding To Global Glut
Negative Rates Hit Global Shipping Market
Iron Ore, Rebar Crash Into Bear Market, Baltic Dry Dead-Cat-Bounce Dies
Silk Road's sagging rail freight signals economic turning point for China
Eurozone recovery wilts as sugar rush fades, deflation lurks
German Industrial Output Declines Second Month, Much More than Expected
Panama Papers database of offshore companies goes public
Freeport Paces Metal-Maker Plunge as Chinese Recovery Stumbles

## Cut, baby, cut! ##
Sharp may cut 3,000 jobs in Japan
Hyundai Heavy Industries (HHI) announces further job cuts
Maersk Oil announcing more layoffs

## War on cash/cashless society ##
Wealth Confiscation for the Digital Age: the New "Cash Tax"
Those chip cards have a long way to go
Wal-Mart sues Visa over signatures on chip-card transactions

## Airline death spiral ##
Japan may boost security checks for domestic flights during G-7 summit and beyond
China Eastern Plane Crashes Into Runway Lights, Then Pilots Try And Cover It Up

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamic State Terrorism Has Cost Iraq Billions In Damages As ISIS Has Taken More Control
NATO Is Much Worse than a Cold War Artifact
Putin calls for non-aligned international security system in face of global terror threat
Aleppo fighting rages as U.S., Russia try to revive Syria truce
U.S. sails warship near Chinese-claimed reef in South China Sea
Hagel: NATO Should Not Enter Syria
Germany Announces First Military Expansion Since Cold War Amid Cyber Threats, US Pressure
US Prepares For Space War With China, Russia: Pentagon Bolsters Outer Space Defense Program

## Migrants/refugees ##
Non-Syrian Refugees Are Being Told They Can't Apply For Asylum In Greece And Turkey
Panama flies 200 Cuban immigrants to U.S.-Mexico border

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds rally as French govt pushes ahead with labor reform
Paris police sprayed rubber pellets and tear gas on hundreds of protesters outside France's National Assembly on Tuesday, hours after the government decided to use special powers to push a hotly contested labor reform through the lower house of parliament without a vote.
Protesters block Australian coal port

## Energy/resources ##
Shell Evacuates Oil Personnel After Chevron Platform Bombing
Oil Companies Claim Force Majeure Over Canadian Wildfires
Can Iran And Saudi Arabia's Production Claims Be Believed?
SolarCity plunges 15% on big loss, guidance
Five Reasons Why The Pain For SolarCity Is Just Starting
After hot rally, solar shares turn ice cold
Most Alberta oil sands power generation shut due wildfires
Iron Ore in Free Fall as Port Holdings Expand, Trade Frenzy Ebbs
Gasoline Shortage Looms in Oil-Producing Venezuela
M. King Hubbert: The Limits To Oil
Inside the mind of the father of Peak Oil
It's fashionable to say now that peak oil has been disproved by the fracking revolution (which is itself built on a mountain of cheap debt), but that's absurd because everything peaks. As the speaker points out, peak oil is already in the rear-view mirror. -- RF
Venezuela extends two-day workweek for state employees to save energy
Creditors Stumble into New Black Hole at Energy Giant Abengoa
Riding the 'Solarcoaster' as Shares Plunge Even More Than Coal
Nigerian Oil Production Sinks To 20 Year Low As Militant Attacks Persist
Libya's Oil Exports Could To Go To 0 bpd Within One Month
Increasing Outages Continue To Stabilize Oil Prices
Oceana sees imminent end to Arctic drilling
With energy companies relinquishing their holdings, advocacy group Oceana said the end may be near for drilling in the Arctic waters offshore Alaska.
Is there enough natural gas for everyone for everything?
Methane hydrates are still decades away
It's highly doubtful that extraction of methane hydrates would ever be commercially viable. -- RF
US Oil Rig Count Falls for the Seventh Week to All-Time Low
Coal May Survive, But Its Profitability Is Dead
Big Oil Abandons $2.5B in US Arctic Drilling Rights

## Infrastructure scavenging ##
Lancashire thief stole £400k of railway cables
Police battling a battery theft crime wave?
Task Force Created to Reduce Farm Equipment Metal Theft in 3 States
Police and church chiefs team up in battle to beat metal theft gangs
Scrap metal thieves shift attention to wood
Gulf States Fighting Metal Thefts from Ag Operations
Thieves target construction equipment

## Got food? ##
U.N. agency says half of rural Zimbabwe will need food aid by next March
FDA to re-evaluate definition of 'healthy' [sic]

## Environment/health ##
Animation shows how global warming is spiraling out of control
All Of A Sudden, Fish Are Dying By The MILLIONS All Over The Planet
NASA calls Middle East drought "worst in 900 years"!
Groundwater Contamination from Fracking Changes over Time: Study
California prepares for wildfire season as Alberta blaze rages
New era of 'super fires' as climate change triggers hotter, drier weather
Study finds drug shortage (US)
According to a new study, shortages of many drugs that are essential in emergency care have increased in both number and duration. The shortages have persisted despite a federal law enacted in 2012 that gave the Food and Drug Administration regulatory powers to respond to drug shortages, the study found.
Fifth of plant types at risk as farms, logging expand
One in five types of plant worldwide is at risk of extinction from threats such as farming and logging that are wrecking many habitats, a first global overview of plant life said on Tuesday.
Scientists have developed a quick, cheap way to test for Zika
CDC labs repeatedly faced secret sanctions for mishandling bioterror germs
DNA errors could make lab-made stem cells fail, scientists say
When DNA in a cell's nucleus comes back together after being turned back into a stem cell, some DNA targets may not match up, which scientists say could cause later problems.
SA voters asked to weigh up nuclear dump (Australia)

## Intelligence/security/internet/cyberwar ##
Technicians from SWIFT left Bangladesh Bank exposed to hackers - police
France To Create Anti-Radicalization Centers To Fight Terrorism, PM Manuel Valls Says
Why Twitter Is Banning US Intelligence Agencies From Using Dataminr
How The Secret Service Is Trying To Handcuff The Press
Dutch dragnet surveillance bill leaked
Thieves hacking to steal cars
State Department "Unable To Find" Hillary Emails To IT Aide, Apologizes For Incompetence
Top Hillary Clinton Aide Walks Out In Middle Of FBI Interview
Cell Phone Addiction: 15 Numbers That Show The Ridiculous Obsession Americans Have With Their Phones
US investigates security of mobile devices
The Federal Communications Commission and Federal Trade Commission have asked mobile phone carriers and manufacturers to explain how they release security updates amid mounting concerns over security vulnerabilities, the U.S. agencies said on Monday.
Police Are Deleting Smartphone Videos At Crime Scenes Even Though It's Illegal
Video of the Day – Here's What Happened When a Member of European Parliament Tried to Read the TTIP Text

## Propaganda/censorship ##
Former Facebook Curators Reveal How Conservative News is Censored
Facebook Admits Meddling But Denies Political Bias In Trending Topics
Disturbing Claim – FBI Interrogated Former Senator for Wanting "28 Pages" Declassified
If Russia Had 'Freed' Canada
The U.S. government defined events in Ukraine as a "pro-democracy" revolution battling "Russian aggression" — at least as far as the world's mainstream media was concerned. But what if the script were flipped?

## Systemic breakdown/collapse/unsustainability ##
We Need a Complete System Overhaul: 5 Charts That Blow Up the Status Quo
America's infrastructure $1.44 trillion short through 2025: report

## Japan ##
Moscow in driver's seat as Abe makes push to resolve isle row
Subaru maker likely faces 20% profit drop in fiscal 2016
Japan should consider revising security treaty with U.S.: Ishiba
Gov't considering expanded security checks for domestic flights during G-7 summit
Mega dairy a model for future agriculture
Unsustainable. -- RF
Japan May Intervene In Forex Markets If Yen Appreciates Wildly, Finance Minister Taro Aso Says
Concern over negative rate revealed in BOJ minutes
6th nuclear reactor scrapped under stricter safety rules
Obama to visit Hiroshima, will not apologize for World War Two bombing
Japan Banks May Soon Pay Borrowers To Take Out Loans

## China ##
Scarborough Shoal and Spratly Islands Belong to China:Top Official
China Presses Economists to Brighten Their Outlooks
Even China's Party Mouthpiece Is Warning About Debt
China Steel Export Surge This Year Sign of Weak Local Demand
China's Steel Dumping Soars In April—-Exports Up 8.8% Y/Y, Domestic Demand Down 7%
Beijing Wants to Reduce its Population to 23 Million by 2020
Chinese Government Warns World of "L-Shaped Path": a Dive & No Recovery
It's time to ask your telco how it's tracking your data, Hong Kong activists say
Flooding paralyses rush hour traffic in southern Chinese cities amid huge downpour
One Child Policy Gone, but Chinese Woman Aren't Interested in Having a Second Kid
China eases gold trade rules in 6 cities
China's financial system: The coming debt bust

## UK ##
London's Muslim mayor: I can't travel to U.S. under Trump
Trump Announces One Exception To The Ban On Muslims
Physicist claims Hinkley Point deal means UK taxpayer could get £53bn bill to supply cheap nuclear energy to France
Self-harm the 'biggest killer of people in their early 20s' in the UK
Crushing the commuters: does train chaos threaten the future of London?
With rail routes plagued by overcrowding and delays, London's dependence on workers willing to travel many hours to the capital every day is coming under severe scrutiny. But what can the new mayor do about it?
Cost of running a home in the UK now almost half of all household income
Cameron's 'Project Fear' Goes Full M.A.D. - Vote No To Brexit Or Face World War 3
Parents' smartphones harming children's ability to hold conversation, say teachers

## US ##
How Wall-Street Hocus-Pocus Inflates S&P 500 Revenues
Official "Labor Market Conditions" Give off First Warning Signs
34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.
Record Number Of Parents Tell Kids They're On Their Own When It Comes To College Bill
The Meaning of a Multicultural America: 323,341,000 Individuals
The Times, They Are a Changin'———-The Washington Establishment Is In Retreat
Trump's Right——Paying Back The National Debt With "Discounts" Is Already Public Policy
Revealed: Four Clinton Foundation Trustees Charged or Convicted of Financial Crimes
What Inflation Actually Looks Like For Most Americans – and The Picture Is Not Rretty
Citi: "Wage Growth Only For The Wealthy"
Elon Musk—-King Of Crony Capitalist Pretenders Has Ripped-Off Taxpayers For $4.9 Billion
Oklahoma schools announced millions in budget cuts
The Oklahoma City district — the state's largest — announced $10 million in cuts Tuesday that include delaying textbook purchases, eliminating funds for student tests such as the SAT and PSAT, reducing elementary school supply budgets, delaying athletic equipment purchases, reducing adjunct coaching positions and suspending travel that isn't federally funded.
CBO: Nearly 1 in 6 Young Men in U.S. Jobless or Incarcerated
The rise of militias: Patriot candidates are now getting elected in Oregon
U.S. companies are saving $100 billion a year by shifting profits overseas, report says
Report: Bullying is a serious public health problem
Miami Suddenly Has a Glut of Plush Hotel Suites
Home prices are up in 87% of cities
 The Obama Administration Just Granted Henry Kissinger a Distinguished Public Service Award

## The candidates ##
Hillary Consolidates Wall Street Support as Republican Financiers Shift to Clinton
Hillary Clinton's Deep Penchant For War—-Worthy Of The Dulles Brothers
Hillary's Servergate Springs A New Gap—-4 Years Of Aid's Emails Go Missing
Bernie Sanders' budget would add $21 trillion to debt: Analysis
China Trade Actions Solidly Benefit Trump: On Purpose?
Survey Shows Russians Overwhelmingly Support Trump
A Need to Clear Up Clinton Questions
New Quinnipiac Survey – Trump and Clinton Tied in Florida, Ohio and Pennsylvania
Bernie Beats Hillary (Again) In West Virginia
Military Times survey: Troops prefer Trump to Clinton by a huge margin
Clinton lies about BDS movement

And finally...
Hong Kong taxi hold-up goes badly wrong, ending with alleged robber locked inside cab
Chelsea Clinton, $10M Apartment, $3M Wedding, $600K Job: I Just Don't Care About Money

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