Sunday, June 12, 2016


News Links, June 13, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Chart of the Decade: European Banks Fleeing German Banks Like Rats From A Sinking Ship
Dubai Rents Plunge Most Since 2014 as Jobs Dry Up From Oil Rout
Condition Red Alert——-The Reasons A Recession Is Imminent
The Pension Bubble: How The Defaults Will Occur
Experts worry about stock, bond and real estate market excesses. But a bubble is forming that dwarfs them all: in pension plans. Millions of Americans and Canadians who are counting on pension benefits to fund their retirements risk being severely disappointed.
Oman Sells $2.5 Billion in International Bonds
For the first time in 20 years, Oman has sold international bonds in order to stop the effects of a crippling budget deficit caused by the low price of crude oil.
Join the euro? We'll get back to you on that
The euro's waiting room is empty. No one is lining up to join the 19-country currency, and the next memberships - if any - will only be years down the road, certainly not in this decade.

## Airline death spiral ##
Power cut disrupts Brussels airport
A 90-minute power cut disrupted flights at Brussels Airport early on Friday, with passengers unable to check in and board planes.
Hong Kong has aviation labour shortage because companies don't pay enough - except for pilots
Airport jobs will double to 15,000 when the third runway gets built in eight years, but companies may find it difficult to fill vacancies unless they raise wages.
## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia: We will respond to entry of U.S. naval vessel into Black Sea

## UAVs ##
Iraqi cleric calls for big protest following Ramadan
On Sunday, Iraqi Shia cleric Muqtada al-Sadr asked people to hold a big protest in Baghdad after the holy month of Ramadan against the federal government of Iraq.
Brazil reviewing size, scope of 'unsustainable' Eletrobras
Sweden to cut taxes on nuclear power generation
Nuclear power providers in Sweden have said they would be forced to shut the country's loss-making nuclear reactors unless a tax on nuclear capacity is abolished, risking a spike in electricity prices and energy shortages for industry.
North Sea oil downturn has cost 120,000 jobs, industry claims

Nuclear power is a planetary-scale disaster waiting to happen. It's certain that most nuclear reactors will never be properly decommissioned, and therefore hundreds of Fukushima-type disasters are bound to happen worldwide. -- RF
Studies find 'super bacteria' in Rio's Olympic venues, top beaches
Scientists have found dangerous drug-resistant "super bacteria" off beaches in Rio de Janeiro that will host Olympic swimming events and in a lagoon where rowing and canoe athletes will compete when the Games start on Aug. 5.

## Intelligence/security/internet/cyberwar ##
Emails in Clinton probe dealt with planned drone strikes: WSJ
Emails between U.S. diplomats in Islamabad and State Department officials in Washington about whether to challenge specific U.S. drone strikes in Pakistan are at the center of a criminal probe involving Hillary Clinton's handling of classified information, the Wall Street Journal reported on Thursday.
Before Nightclub Shooting, FBI Pursued Questionable Florida "Terror" Suspects
The attack on a gay club in Orlando in which 50 people were killed and more than 50 wounded — now the largest mass shooting in U.S. history — demonstrates how potential threats are escaping the FBI's vast counterterrorism dragnet.

## Propaganda/censorship ##
The US-Russia Info-War: What's Real?
The Obama administration is dangling the possibility of real peace progress in Ukraine to convince the Europeans to renew sanctions on Russia, but is that just a bait-and-switch trick to keep Europe in line?
China might consider adopting the US system, which is much more sophisticated and successful. -- RF
Sample of world cities shows risky lack of planning: UN experts
Dangerously weak planning is leading to unchecked urban sprawl, leaving new city dwellers far from transportation and services, United Nations experts said.
The growth imperative is completely devoid of common sense. -- RF
I still maintain that while the EMP threat is just a possibility, economic collapse is a certainty. Either one would take down the grid. -- RF
These articles confirm what I've been saying since the beginning: What was destroyed will never be rebuilt. The good old days of high net energy are over; stagnation and decline are the order of the day. -- RF
The youth of today will be incapable of becoming tomorrow's leaders due to "helicopter parenting" that leaves them unable even to choose a salad dressing, a student expert has warned.
Large UK businesses are holding bitcoin to pay ransoms
Why I am voting to leave the EU (Ambrose Evans-Pritchard)

Pump, baby, pump! -- RF

## The candidates ##
Well, that tells me everything I need to know about Elizabeth Warren. All that tough talk, and in the end she comes in under the Big Tent. -- RF
How times change. -- RF
Hillary Clinton's 'Entangled' Foreign Policy
Besides bashing Donald Trump, Hillary Clinton offered few specifics in her big foreign policy speech which stressed the value of "friends." But those "entangling alliances" helped create today's global chaos.
Did Big Media Do in Sanders?
Many Bernie Sanders backers feel that the mainstream media did its best to marginalize the Vermont senator's campaign and clear the way for Hillary Clinton's coronation – and they're not all wrong.
Two Bigots Running for US President
It is a sign of the fragility of the changes in national character wrought by the Civil Rights Movement that the inhibitions holding back public expressions of bigotry are wearing thin. And that has set the scene for the current contest for the presidency in which both major parties have thrown up (no pun intended) bigoted candidates. Yes, that is right, two of them, not just one.

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