Tuesday, May 24, 2016


News Links, May 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Manufacturing Recession Goes Global as Demand Withers
Defaults Have Already Spread Outside Commodities
Iron ore is imploding -- now down 27% in just weeks
Wells Fargo warns energy loan losses will grow
We're in the Eye of a Global Financial Hurricane
The only "growth" we're experiencing are the financial cancers of systemic risk and financialization's soaring wealth/income inequality.
World's 16 biggest banks, including RBC, ordered to face Libor lawsuits in ruling court warns could ruin them
Despite "Bazookas", Eurozone Composite PMI at 16-Month Low
Guess What Occupation Is Most Frequently Cited In The Panama Papers?
Hedge Funds Are Betting Record Amounts on Meltdown of Australian Banks and Housing Bubble
Brazil's Government To Announce Plans To Curb Spending And Slash Debt, Finance Minister Says
AEP: Saudi financial crisis 'could leave oil at $25' as contractors face being paid in IOUs
21st-century economics: In a social experiment watched by the world, Swiss may pay people $2,500 a month for doing nothing
Worries about bad loans in oilpatch will be front and centre in Canadian bank earnings this week
U.S. Debt is Being Dumped at Alarming Rate
GLD: Beginning of long-term bull cycle
Empty stores multiply as Singapore's 'shoppers' paradise' image fades
May 2016: Will Deutsche Bank Survive This Wave Of Trouble Or Will It Be The Next Lehman Brothers?
2015 Corporate Progress Report: Cash Up $17 Billion, Debt Up $850 Billion
More Global PMIs Flashing Recession Warnings
Four out of 10 homeowners caught short without enough money to meet their expenses, new survey finds (Canada)
Is the Derivatives Market About to Implode the Big Banks Again?
Former IMF economist asserts that gold is money as good as government bonds
Q1 2016 Canadian Silver Maple Sales Surge To Highest Record Ever

## Cut, baby, cut! ##
Nokia could cut 10,000-15,000 jobs worldwide: union

## War on cash/cashless society ##
I'm ditching traditional banks in favor of bitcoin—and you can, too
The War on Cash Is a War on Your Freedom to Opt Out

## Airline death spiral ##
TSA Head Of Security Fired (After $90,000 Bonus)
TSA looks at automated bins, real-time data to deal with lengthy lines
EgyptAir Flight 804 Investigation: Airbus A320 Made Emergency Landing In 2013 Due To Overheated Engine, Report Says
Egypt rejects report that crash evidence points to explosion
Threats disrupt travel at two major airports
Fares are cheap; airlines don't want them to stay that way
Bombardier Inc cuts demand forecast as business jets go begging for buyers, crushing prices
LAX authorities screen flight after 'non-credible threat': Airline official
Allegiant Air Faces Federal Scrutiny

## Fault lines/flashpoints/powder kegs/military/war drums ##
President Erdoğan Pushes For Broader Presidential Powers With Yıldırım Election
Iraq announces start of Falluja operation, some residents flee
Obama Lifts Arms Embargo to the "Police State" of Vietnam
Israel's New Death Penalty Law Won't Apply to Jews
'Liberman Road' Turns Settlements Into Suburbs
Route 398, the so-called Liberman Road, converts West Bank settlements and outposts into suburbs of Jerusalem.
Shake-up in Israeli politics prompts 'seeds of fascism' warning
US Air Force Can't Afford Its Fighter Jets Past 2021
Spanish Lies: Leaked Letter Shows Rajoy Promised EC Budget Cuts While Promising Voters No Cuts
US Could Defend the Philippines If China Starts Reclamation Work on Scarborough Shoal: Experts
Obama says will ensure freedom of navigation in South China Sea
U.S. deepens military ties with former foe Vietnam
Russia Warns NATO Over Eastern Europe Military Buildup; Kremlin Says It Will Protects Its Interests
Is Scarborough Shoal Worth a War?

## UAVs ##
Man demonstrates low-tech drone warfare with mid-air capture

## Migrants/refugees ##
U.N. refugee agency calls European border closures 'inhumane'
Central America Border Crisis: 11,000 Migrants Deported Since October As Children, Families Flee Violent Countries
Ten Riot Police Squads Deployed To Greek Refugee Camp As Evacuation Begins

## Global unrest/mob rule/angry people/torches and pitchforks ##
French Strikes, Riots Shut Down 850 Gas Stations, Block Refineries
French Police Strike Back, Liberate Fuel Depot to Shrink Shortages
Dressed to Protest: Greek anger spreads to middle class
Thousands protest against seed giant Monsanto ahead of Bayer merger
Massive rally set for June in Okinawa to protest U.S. base-linked crime
Brussels police fire water cannon at anti-austerity protest

## Energy/resources ##
Windfall: When Renewable Energy is not Sustainable
Is An Energy Crisis Brewing In The Caribbean?
Oklahoma landowners register private airstrips to keep wind farms at bay
But what's the REAL energy return of photovoltaic energy?
Actually, it doesn't matter very much what the energy return is. What matters most is the net energy that society gets out of any energy system. Because the energy density of renewables is far lower than that of fossil fuels, society needs to secure much more land area for renewable energy projects and their hardware. The decline in net energy, and the increase in debt needed to compensate for it, are dragging industrial civilization down into a morass of debt and pollution. -- RF
Eni's Nigeria Pipeline Attacked For The Fourteenth Time This Year
North Dakota rig count low sets new record
A Huge Solar Plant Caught on Fire, and That's the Least of Its Problems
Shell says oil sector needs to invest trillions even within climate limits
Shell CEO warns renewables shift could spell end if too swift
Energy return of ultra-deepwater Gulf of Mexico oil and gas
Iron ore price smashed: miners to follow

## Got food? ##
Africa Food Crisis 2016: El Niño Drought To Make More Than 50 Million Go Hungry, UN Says
Time to crack down on seafood industry's worst abuses
Price of corn flour in Venezuela soars 900 percent

## Environment/health ##
US Climate Migrations About to Begin
The community is Isle de Jean Charles in southeast Louisiana, an island community of Native Americans that has lost 90% of its land to the sea already (not only, but increasingly, because of climate change and rising sea levels). There are just 60 people left on the island, whose resettlement will cost taxpayers about $800,000 per person. Wrenching as their experience is bound to be, these folks have a first-class ticket that will not be available when the crowds arrive.
Exxon, Chevron Face Unprecedented Investor Pressure Over Climate Change Disclosure
Puerto Rico reporting 1,100 Zika cases as debt crisis worsens
CDC Official Says Thousands May Have Arrived in US With Zika
Road To Rio: Zika Won't Prevent Olympic Dreams, But The Virus Could Eventually Spur An Economic Nightmare
New Orleans is sinking faster than previously thought
Burning all fossil fuels could lead to global warmth not seen in 65 million years
North Dakota Spill Leaks 120,000 Gallons of Oil & Wastewater
Amphibians in continued global decline
Kicking the habit: Adult smoking rate in US is falling fast
U.S. e-cigarette use stalls as health concerns grow: Reuters/Ipsos poll
Seeing the Sea Soothes Stress

## Intelligence/security/internet/cyberwar ##
Saudi Press: U.S. Blew Up World Trade Center To Create 'War On Terror'
Lego getting more violent because it is locked in 'arms race', study claims
Facebook says an investigation of its trending topics finds "no evidence of systematic political bias"
Smaller cities across US opening high-tech crime centers
Live video feeds from cameras across Hartford, Connecticut, light up a wall of flat-screen monitors in a high-tech room at the city's old police department, while computers take in data from license plate readers and a gunshot detection system.
Here's How the U.S. Government Treats Whistleblowers
Vindication for Edward Snowden From a New Player in NSA Whistleblowing Saga
Facebook 'incitement' posts lead to arrests in Israel
Apple rehires prominent security pro as encryption fight boils
Intel Vets Urge Fast Report on Clinton's Emails
A group of U.S. intelligence veterans is calling on President Obama to expedite the FBI review of former Secretary of State Clinton's alleged email security violations so the public can assess this issue in a timely fashion.

## Propaganda/censorship ##
China mulls new ways to control video websites
NYPD caught red-handed sanitizing police brutality Wikipedia entries
More Game-Playing on MH-17?
The West keeps piling the blame for the 2014 shoot-down of Malaysia Airlines Flight 17 on Russian President Putin although there are many holes in the case and the U.S. government still withholds its evidence.
FBI's Own Report Exposes "War on Cops" as Pure Propaganda

## Systemic breakdown/collapse/unsustainability ##
Toyota Recalls 1.6M US Vehicles For Takata Airbags
Urban Living Becomes a Luxury Good

## Japan ##
Japan April Exports Suffer Biggest Drop In 3 Months, Bode Ill For Growth
Toshiba To More Than Halve Its Capital Base To About $1.8 Billion
Global Trade With Japan Collapses: Exports Decline 7th Month, Imports Decline 16th Month
As yields turn negative, institutions dread taking customers below zero
TEPCO: Frozen soil wall proving effective 
Japan drafts new growth strategy featuring 4th industrial revolution
It won't help a bit. -- RF
China site reveals over 100 Japanese entities at risk of cyber-attacks
Some Japanese teens in poverty have no choice but prostitution
Japan passes anti-hate speech law as Koreans targeted by racism

## China ##
China plans base station for rescue operations in South China Sea
In China's New Austerity, Ghosts Now Haunt Government Offices
China's Office Supply Set to Double Amid Building Frenzy: Chart
'Massive Bailout' Needed in Debt-Saddled China, Analyst Chu Says
De-Petrodollar-ization Esclates - China Imports Record Amount Of Russian Oil In April
Is China building too many theme parks?
Rare open rift over economy emerges in China
Red Ponzi Out Of Control—-April Steel Production Equaled 106% Of Rest Of World
Traffic's toll: road accidents kill 700 people a day in China
Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude
Thousands Evacuated as Torrential Rains Hit Southern China

## UK ##
NHS figures are bad, but the true underlying deficit may be even worse
Concerns Over Number Plate Surveillance
Tony Blair Admits His Ignorance of Middle East; Immediately Calls for New War
The Return of Fracking to UK? First Fracking Permit in Five Years
Rough sleeping on London's night buses increases 121% in four years
Government's counter-extremism plans run risk of turning force into 'thought police'
The London skyscraper that is a stark symbol of the housing crisis

## US ##
Business Debt Delinquencies Are Now Higher Than When Lehman Brothers Collapsed In 2008
Appellate court scraps DOJ's $1.3B penalty against Bank of America for financial crisis
Share Buybacks Now Bought Out, American Enterprise in Decline
Charge it! Putting it on plastic again – Record number of credit cards issued in 2015 surging 90 percent from 2009
60 million credit cards issued last year alone.
US household debt climbs to $12.25 trillion in first quarter
A very bad sign for all but America's biggest cities
Americans in small counties are much less likely to start new businesses, a trend that jeopardizes the economic future of vast swaths of the country.
Employee Wearing 'America Was Never Great' Hat Receives Death Threats
Which shows that some Americans are against freedom of speech unless it toes the party line. "Patriotic" Americans are the censors now. -- RF
The Scariest Chart Out There—–Bloated Household Net Worth Is Heading For A Big Fall
The Fed has fueled inflation — and it's helping the rich
US Manufacturing PMI Collapses To 2009 Lows (As Fed Readies Rate Hike?)
Wave of bomb threats hits schools nationwide
More than one-in-five working age Millennials live at home
Health-care costs for families top $25,000 — triple 2001
Detroit, Fresh Out of Bankruptcy, Discovers $195M Pension Shortfall
UPS Fears $3.8 Billion Liability Over Bankrupt Central States Pension Plan

## The candidates ##
Here's the Full List of Companies & Organizations That Paid Hillary Clinton From 2013-2015
Political Polarity Shift——-"Trigger Happy Hillary" Making Dems The War Party
Bernie Sanders Steps Up Feud With Democratic Establishment
Inconvenient Truth-er Gore Refuses To Endorse 'Lying' Hillary
Trump Goes For Hillary's Jugular: Releases Video Featuring Bill Clinton Rape Accusers
Trump Escalates Clinton Attack, Calls Vince Foster Suicide "Very Fishy"
Donald Trump is going to win: This is why Hillary Clinton can't defeat what Trump represents
Trump Says Climate Change a 'Hoax' but Acknowledges Threat to Golf Course
Chris Hedges: Taxpayers Pay for Primaries, but DNC Determines Rules in Order to Steal Votes (Video)

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