Thursday, May 26, 2016


News Links, May 27, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
"NIRP is Killing Us," Wheezes Spain's Second Biggest Bank
Moody's: Persian Gulf economies strained
The Global Monetary System Has Devalued 47% Over The Last 10 Years
The Choice For Venezuela Is Stark: Either Print Money and Fail or Establish Sound Money (USD to the Rescue?)
Adidas (ADS) To Restart Manufacturing In Germany — Using Robots
Container shipping firms' costs soar on new fuel rules: OECD
Rising fuel costs will further hurt an industry already stung by overcapacity, low demand and falling rates.
Venezuela fights crisis with biggest sovereign gold sale since 2007
In Latest Market Rigging Settlement, Citi Fined $425MM For Manipulating Interest Rates
Nigeria Oil Economy Was A Terrible Mistake, President Buhari Says As Recession Looms
The Desperate Plight of Petro-States — With a Busted Business Model, Oil Economies Head for the Unknown
US Government Quietly Cuts Historical Capex Data By Billions Of Dollars

## Cut, baby, cut! ##
Shell to cut another 2,200 jobs
Bank of Montreal to cut 4 percent of workforce -memo to staff
Microsoft cutting 1,850 jobs related to mobile phone sector
Intel to Slash Up to 350 Jobs in Germany

## War on cash/cashless society ##
Wall Street Disintermediation Arrives as Hedge Fund Trades P2P Via Blockchain, Without a Bank or Broker
Mt. Gox creditors seek trillions where there are only millions
One of the biggest bitcoin startups just took 'bitcoin' out of its Twitter bio
Why the death of cash may have been exaggerated
Rwanda aims to become Africa's first truly digital economy
The War on Cash is Ancient

## Airline death spiral ##
EgyptAir Flight 804 Investigation: Greece To Send Key Data Wednesday Amid Conflicting Reports About Blast On Board
Signal From EgyptAir Flight MS804 Could Pinpoint Location of Wreckage
TSA Airport Wait Times: The One Big Reason Why Lines Are Getting Longer At Security Checkpoints
TSA Airport Security Delays Made 70,000 Travelers, 40,000 Checked Bags Miss American Airlines (AAL) Flights This Year
No sign of EgyptAir plane technical problems before takeoff: sources
Nine Passengers Punished By Shenzhen Airport for Bad Behavior
More air rage expected as rainy season begins
United Cancels Nigeria Route, Ending Its Only Flight to Africa
United Airlines will stop flying to Nigeria next month, ending the carrier's only route to Africa because of weakness in the energy sector and difficulties in collecting money from tickets sold in that country.
Passenger taken off plane after kicking, screaming
70 Paris airport workers were stripped of security clearances due to 'worrying behavior' prior to the EgyptAir crash
Egypt May Create Special Agency for Airport Security - Lawmaker
Intruders get onto runways at Atlanta airport, others in US

## Fault lines/flashpoints/powder kegs/military/war drums ##
Retired U.S. commander: North Korea collapse not far off
Vietnam May Request F-16s, P-3 Orions From US
Hillary Clinton's Legacy of Terror——–Kosovo Is A Mafia State And Jihadi Haven
US Spy Plane Disrupts Civilian Flights While Spying On Russia, transponder turned off
Fearing U.S.-Vietnam alliance, Beijing tries to mend fences with Hanoi
NATO Members Face Hard Budget Choices, Official Says
India May Downsize Army To Pay For Weapons
'Rebel' general nears capital, Libyan oil fate up in the air

## Migrants/refugees ##
European migrant crisis: Capsized boat horror caught on camera
5,600 Refugees Rescued in 48 Hours an Indictment of Crises Created by West
Greece to remove all migrants from Idomeni
More than 4,000 migrants rescued in single day

## Global unrest/mob rule/angry people/torches and pitchforks ##
The Anger of the Unprivileged Is Rising Globally
Protesters throw rocks, bottles at police outside Trump rally in New Mexico
McDonald's Corp. (MCD) Closes Headquarters Again As Workers Protest Wages At Fast-Food Company's Annual Meeting
French labor clash escalates, public fear impact on Euro 2016
France Socialist Trade Unions Refusing to Reform – Civil Unrest Erupting
A Spirit Of Violence And Civil Unrest Is Rising In America
Clashes at French protests, union warns of Euro soccer disruption

## Energy/resources ##
2015 Worst Year For Oil Discoveries Since 1952
France strike hits nuclear plants sending output lower
3,000 French Gas Stations Out of Fuel
Why Cheap Shale Gas Will End Soon
Across the 'valley of death': How the wind industry will cope without tax credits
Shell's Job Losses Now Equal Facebook's Entire Payroll
Wells Fargo Reduces 66% of Credit Lines to Oil and Gas Players
Slovakia says Mochovce nuclear plant to cost more than expected
Payments Plunge on Largest U.S. Grid, Threatening Closures
Payments to power generators for supplying the biggest U.S. electricity grid slid in an auction this month, increasing pressure on plants already struggling to keep running amid low wholesale prices. Dynegy Inc. and Talen Energy Corp. fell.
US Spy Plane Disrupts Civilian Flights While Spying On Russia, transponder turned off
The Hidden Costs of Oil. U.S. Senate hearing 2006.
The real EROI of photovoltaic systems: professor Hall weighs in.
But, as I pointed out previously, EROI doesn't matter as much as power density. And what matters even more is that the net energy of our entire global energy production system is declining. That's why economic growth is stagnating, debt is accumulating, the financial system is wheezing, and deflationary collapse is in progress. Unless some new, highly dense form of energy (like petroleum in the 1950s) is found, it's all downhill from here. -- RF
Niger Delta Militants Take Entire Chevron Terminal Offline
Pemex Production Continues to Fall
Upgrading the US power grid for the 21st century
Report: US nuclear plants vulnerable to disasters despite post-Fukushima safety steps
Indonesia's oil imports may swell to US$40b in 2019: Analyst
Norwegian Oil Investments To Fall Further In 2017

## Got food? ##
From The Green Revolution To GMOs: Living In The Shadow Of Global Agribusiness
Study: Farm-raised salmon suffer from depression
More than half of Malawi's population need food relief - minister

## Environment/health ##
Growing number of problems found in Brazilian babies affected by Zika
10-year project revealed air pollutants accelerate plaque build-up in arteries to the heart
Cell Phone Radiation Boosts Cancer Rates in Animals; $25 Million NTP Study Finds Brain Tumors
Living within 5 km of a landfill could damage your health
Hundreds of Millions to Be Displaced by Climate Change, French Minister Warns
Woman found to harbor 'superbug' resistant to all approved antibiotics
Tough economy, alcohol fuel suicide risk in men: Study
Oil and Gas Activities Behind Texas Earthquakes Since 1925, Scientists Conclude

## Intelligence/security/internet/cyberwar ##
Police Are Tracking Your Car With This Technology Even If You've Done Nothing Wrong
Terrorism Security At Euro 2016: France To Deploy Force Of 90,000 Police Soldiers, Officers, Agents
State Department Says Hillary Clinton's Email, Private Server Did Not Comply With Federal Records Policies
Origin of key Clinton emails from report are [sic] a mystery
Everyone is Missing the Most Troubling Part About Hillary Clinton Email Audit!
Meet the Syrian Al-Qaeda Linked Rebel Who Freely Visited America Last Year
The Senate Killed JASTA, Then Passed It…
The Bill to Allow 9-11 Victims to Sue Saudi Arabia Turns Out to Be a Chuck Schumer Led Scam
Secret Text in Senate Bill Would Give FBI Warrantless Access to Email Records

## Propaganda/censorship ##
Hard Times And False Narratives
The New York Times's (and Clinton Campaign's) Abject Cowardice on Israel

## Systemic breakdown/collapse/unsustainability ##
Possible Energy Constraints to Further Urbanization
I am on record as saying that the much-ballyhooed golden age of megacities will never happen. -- RF
Vehicle Software Glitch Reports Are Rising As Code Becomes A Bigger Piece Of A Car's Components
Ford recalls 271K pickups to fix brake fluid leak
US military uses 8-inch floppy disks to coordinate nuclear force operations
America's New Law and Order Regime: In 2014 Cops Stole $5 Billion, Robbers Stole $4 Billion

## Japan ##
Bump in Japan's fertility rate doesn't herald baby boom
There won't be any baby boom unless net energy rises significantly, or the government puts a gun to people's heads. -- RF
Govt. pushing for earlier start of maglev lines
Low-level nuclear waste to be buried 70 meters underground: NRA
Diet OKs bill to regulate virtual currency exchanges
10% of TEPCO's frozen soil wall at Fukushima site not working

## China ##
China Weakens Yuan Fixing to Lowest Since 2011—-No Currency Dumping Here!
Lending in China Is So Risky That Cows Are Now Collateralized
China Is Executing To Plan: Foxconn Replaces 60,000 Workers With Robots
Nuclear plant near Hong Kong hit by third minor operational incident this year, involving faulty alarm

## UK ##
North Sea oil balance sheet in the red for first time
The UK Government has incurred a loss from oil and gas production for the first time in history.
Fear of steel sector's 'death by 1,000 cuts' as Tata silent on sale process
Population surge to 'change the face of England forever'
London population predicted to near 10 million within a decade as England continues to grow
More than a million carers are living in poverty, research warns
Privacy fears as police surveillance cameras capture 34 million number plate images a day
Complaints Over Payday Loans Triple In A Year
HS2 will cost 'five times more than French line' 
Cuts have left court system 'close to breaking point' and have put its credibility at risk, MPs warn

## US ##
Millions of "Subprime Consumers" Getting Credit Cards; What Could Go Wrong?
The Occupy movement has grown up — and looks to inflict real pain on big banks

## The candidates ##
Trump's Decision to Debate Sanders in California is His Most Genius Move Yet
Protests turn violent outside Trump rally in New Mexico
Kentucky To Recount Votes After Sanders Request
Clinton's Imperious Brush-off of Email Rules
The State Department's Inspector General issued a blunt report criticizing Hillary Clinton's imperious refusal to follow email rules as Secretary of State, adding to Clinton's credibility problem.
Clinton Broke Federal Rules With Email Server, Audit Finds
State Department Rules Hillary Created "Security Risks": When's the FBI Criminal Charges?
What the State Department Email Report Means for Hillary Clinton
Hillary Responds To Damaging State Department Report
When It Comes to Losing Ugly, Bernie Has Nothing on Hillary
Critical Hit to Clinton Campaign as Media Dives Into Corporate Ties
Trump Accidentally Reveals His Next Attack On Hillary
Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax
Will Donald Trump Be President? Trump Delegate Count Reaches Magic Number To Clinch GOP Nomination
Donald Trump Energy Policy Speech Live Stream: Watch Video Of Republican Nominee's Plan
The energy illiteracy of all the candidates is appalling. -- RF
Wall Street gives Hillary Clinton $27M, but love affair may not last
It's Over: Even MSNBC Turns On Hillary - "Stop Lying, Stop Digging"

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