Sunday, May 22, 2016


News Links, May 23, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Shipbuilding Industry Collapses, Hits China and South Korea
Despite Rally, Hype, and NIRP, Bear Markets Hound the Globe
Idle tankers: Something Stunning Is Taking Place Off The Coast Of Singapore
EU to compile common blacklist of tax havens, sanctions against them
US Government's Own Report Shows Toxic TPP "Not Worth Passing"
No Mystery: Easy Money=Overcapacity=Deflation
US warns Japan on yen intervention as G-7 reaffirms deal 'no competitive devalutations' deal
Coca-Cola halts Venezuela production in sugar shortage
G7 leaders agree on plan to combat terrorism financing
China's Debt Misery Finds Singapore
Greek Parliament Approves Reforms In Exchange For Aid, Debt Relief
Despite Depression, Greece Forced to Hike VAT, Add New Taxes
Marine Le Pen: "EU is collapsing on to itself"
Cash-Stuffed Balance Sheets No Match for U.S. Company Debt
Combining all of the corporate cash in the U.S. wouldn't cover the $1.8 trillion of corporate debt that's coming due in the next five years, according to a report by Moody's Investors Service on Friday. That's because U.S. companies have been borrowing more quickly than they've built up the record $1.68 trillion of cash on their balance sheets. And more of that debt comes due sooner.

## Cut, baby, cut! ##
IBM continues layoffs that could top 14,000 job cuts
Nokia sheds over a thousand jobs in Finland
Abu Dhabi's ADNOC cutting thousands of jobs: industry
Oil and banking job losses leave many hunting for work (UAE)

## War on cash/cashless society ##
Contactless cards are on borrowed time - they're just an interim for phones (UK)
The price of Ether, a bitcoin rival, is soaring because of a radical, $150 million experiment
Modi bats for cashless transactions to check black money

## Airline death spiral ##
Airlines say Congress is contributing to long airport lines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Vietnam Arms Embargo To Be Removed? Weapons, China On Agenda For Obama's Visit
The Widening Cracks in Zionism
Zionism has imposed an ideological orthodoxy that seeks to lock Jews – and Western politicians – into unquestioning support for whatever Israel does, but more people are breaking ranks.
Pushing Russia Toward War
NATO's military pressure on Russia and the West's economic sanctions have empowered Moscow's hardliners, setting the stage for an escalation of the new Cold War into possibly a hot one.
US Downplays a New Syrian Massacre
The Obama administration claims Syrian rebels in Ahrar al-Sham deserve protection from government attack although they have close ties to Al Qaeda and joined its official Syrian affiliate in a slaughter of Alawites.

## UAVs ##
Police Join Forces To Defeat Enemy Drones
Police chiefs in Britain are working with NATO to introduce possible anti-drone technology to combat the threat posed by drones, Sky News has learned.

## Migrants/refugees ##
Demand For Small Arms 'Protection' In Germany Explodes As Immigrant Fear Rises

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters storm Baghdad's Green Zone again, dozens hurt
Misaligned Mirrors Spark Fire At World's Largest Solar Power Plant
Korea's top three shipbuilders are scrambling to pull out of wind power generation businesses they have been operating overseas amid snowballing losses.
The End of SunEdison: Developer Now Looking Into Liquidating Its Assets
Oil sands companies losing up to $50 million a day as fires rage: analysts

## Got food? ##
Deadly crop killing fungus reaches Asia
Do Seed Companies Control GM Crop Research?
Scientists must ask corporations for permission before publishing independent research on genetically modified crops. That restriction must end.

## Environment/health ##
Like the refugee/migrant crisis, widespread disease outbreaks are going to get much worse. Add to that the possibility of an engineered pandemic. -- RF
2016 likely to be hottest year ever, scientists say
U.S. reports 279 Zika cases in pregnant women, Obama pushes Congress on funds
It is the last remaining relic of an ancient forest that stretched for millennia across the lowlands of Europe and Russia, a shadowy, mossy woodland where bison and lynx roam beneath towering oak trees up to 600 years old.

## Intelligence/security/internet/cyberwar ##
'Uncrackable' ransomware no more as creator hands over key
Special Report: Cyber thieves exploit banks' faith in SWIFT transfer network
U.S. targets spying threat on campus with proposed research clampdown
Leading U.S. universities are pushing back against a proposed State Department rule that would bar foreign students from more research projects and classes involving information seen as vital to national security.
Little Known Lawsuit Exposes Yet Another Major Cyberheist In 'Secure' Global Payments System

## Systemic breakdown/collapse/unsustainability ##
How the Deep State's Cronies Steal From You
And complexity helps bring down the system. -- RF
Residents near planned maglev line sue central government
Residents in areas near the planned route for a high-speed magnetically levitated train and other people sued the government on Friday, demanding that its approval of the Central Japan Railway Co. (JR Tokai) project be withdrawn.
Putin says Russia will not sell isles to Japan
Russian President Vladimir Putin on Friday took a stance of separating the country's territorial row with Japan from bilateral economic cooperation, suggesting Moscow will not sell the islands at the center of a long-standing dispute to Japan.
1.4 bil. yen stolen from 1,400 convenience store ATMs across Japan
A total of 1.4 billion yen ($12.7 million) in cash has been stolen from some 1,400 automated teller machines in convenience stores across Japan in the space of two hours earlier this month, investigative sources said Sunday.
Gap to pull plug on Old Navy in Japan
But while the 6,780 passengers and 2,100 crew on the largest cruise ship in the world wave goodbye to England, many people left behind in Southampton say they will be glad to see it go. They complain that air pollution from such nautical behemoths is getting worse every year as cruising becomes the fastest growing sector of the mass tourism industry and as ships get bigger and bigger.
NHS hospitals declare record overspends as experts warn health service is 'maxed out'
Nearly nine in 10 of England's hospitals ended 2015/16 in the red
Blu-Tack, can openers and other household items have been used by thrifty scientists in the decommissioning of a nuclear power station.
And this is just the beginning of the frugality, as brutal austerity drives people to do the unthinkable. As I've repeatedly predicted, most nuclear power plants won't be decommissioned at all, other than locking the doors. -- RF
Pensions just keep shrinking, and ultimately the Little People around the world will be left with only the pensions they have always depended on: their children. -- RF
Chart Of The Day: Here They Go Again——-Credit Card Companies Are Trolling For New Customers
A third of cash is held by 5 U.S. companies
The rising cash holdings of U.S. corporations are increasingly in the hands of a few U.S. companies, with just five tech firms having grabbed a third of it.

## The candidates ##
"Hillary Clinton Is A Danger To World Peace", French Presidential Frontrunner Le Pen Warns
The Clinton-Colombia Connection
Despite a grisly human rights record and alleged ties to drug traffickers, Colombia's ex-President Uribe has been a favorite of Hillary Clinton and her husband Bill, helping Clinton associates turn hefty profits.
Tipping the Scales for Clinton?
The Democratic split between the Sanders and Clinton wings is widening because many Sanders's backers see party chief Debbie Wasserman Schultz tipping the scales for Clinton and corporate interests.
Hillary is certainly still the favorite — if only because of the scam of superdelegates. The Democratic nomination is basically rigged. Because of those superdelegates Hillary already has the nomination locked up. But she appears to be crawling on her knees, over razor blades, towards the finish line.
Trump's Five Questions on US Foreign Policy
Along with his self-congratulatory bombast, Donald Trump has offered a rare critique of Official Washington's "group think" about foreign policy, including the wisdom of NATO expansion and the value of endless war.
Hillary Clinton's 'House of Cards'
In promoting Hillary Clinton for President, the Democratic Party is betting that American voters are ready to venture back into the Clintons' "House of Cards," a structure long defined by scandals and self-interest.

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