Tuesday, June 14, 2016


News Links, June 15, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Even Central Bankers Begin to Despair of the Draghi Effect
NIRP Absurdity Sets Record, Euro Stocks Drown in Bear Market
Yield on German 10-year bond falls below zero for 1st time
Junk Debt Mountain Higher Than Ever Hangs Over Corporate Canada
Is $10,000 gold on the horizon? One commodities expert says yes!
$12 trillion of QE and the lowest rates in 5,000 years ... for this?
Trading Floors Go Quiet Across Asia as Equity Desks Shrink
Tyranny Of The PhDs
During the last two decades the major central banks of the world have been colonized lock, stock and barrel by Keynesian crackpots.
Rothman: Oil Prices to Surge To Over $85 By End of 2016
Work Won't Be Scarce--It's Paid Work That Will Be Scarce
Park urges 'bone-crushing' reform of South Korean shipbuilding industry
Millions of Latin Americans could fall back into poverty: UN
Dry bulk shipping facing slow recovery, consolidation
Greek ship owners order 87% less newbuildings during January – May period
Damac in talks to bring outdoor 'ice rink' to Dubai
Dubai's Damac is working with a Canadian company on bringing an outdoor synthetic ice rink, made out of plastic, to the Middle Eastern desert of the UAE in three years, an official has said.
Gold Company To Withhold Sales: "Storing It And Holding For The Long-term… It Makes More Sense At These Prices"

## Cut, baby, cut! ##
60,000 Jobs Lost In Angola Due To Oil Slump
Lufthansa's cargo unit to cut 700-800 jobs worldwide
Zenefits slashes over 100 jobs and closes Arizona sales office
EnBW to step up cost cutting, axe hundreds of jobs

## Airline death spiral ##
Halifax airport screening officer accused of pulling man's pants down and exposing him
Plane has close call with drone while landing in Winnipeg
Korean budget airline makes emergency landing in Japan for landing gear glitch
Airline Shares Tumble on Weaker Revenue, Higher Fuel Costs
Strikes snare fliers on two big European airlines
Flight diverted back to Phoenix after engine cowling falls off American Airlines plane
Airline worker caught with gun at Detroit Metro raising security questions
Police officer injured while trying to arrest "drunk and disruptive" holidaymakers
Airlines have hiked charges, added new ones in past five years
Lufthansa Cargo to shed 800 jobs worldwide
Pudong Airport raises security following explosion, passengers to be screened before entering terminal
Passenger gets tied to seat after trying to break into cockpit on Southern Airlines flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
NATO To Deploy 4 'Robust' Battalions in Baltics, Poland
NATO to boost Romania presence: Stoltenberg
Pushing the Doomsday Clock to Midnight
As the U.S. and NATO mount provocative military maneuvers on Russia's border, the West is oblivious to how these threatening gestures ratchet up prospects of thermonuclear war that could extinguish civilization.
Second U.S. aircraft carrier enters Mediterranean: U.S. Navy
U.S. plans billions in Afghan funding until 2020, seeks allies' help
Niger Delta Avengers Reject Calls To End Oil Attacks, Warn May Start "Taking Lives"
U.S. Ally Bahrain Suspends Largest Opposition Group a Day After Imprisoning Human Rights Activist
India Becomes Second Largest Defense Importer
Bomb Blast In Central Beirut Aimed At Bank: Minister
Nuclear-powered USS Mississippi arrives in South Korea
America's Many Mideast Blunders
Official Washington's neocon foreign policy establishment looks forward to more "regime change" wars in the Mideast and more "blank checks" for Israel, but ex-Ambassador Chas W. Freeman Jr. sees such actions as a continued march of folly.
Still No Sales for Israel's Iron Dome

## Migrants/refugees ##
Mexico once turned a blind eye toward migration. Now, it's cracking down along its southern border.
Unaccompanied child migrant numbers double in Europe: UN

## Global unrest/mob rule/angry people/torches and pitchforks ##
Chaos Erupts in Paris as Riot Police Unleash on 50,000-Strong Labor Protest
Police fire teargas, water cannon during Paris labor law protest

## Energy/resources ##
Why US Coal Production Collapsed to Lowest Level since 1981
Will Renewables Ever Replace Fossils? The Results of a New Survey
How Far From An Electric World Are We?
Iran confirms oil shipment for Shell
The World Nears Peak Fossil Fuels for Electricity
Venezuela's Oil Output Drops Sharply Amid Continued Unrest
World Bank finds cash moving to renewables
Moody's: LatAm Oil Companies Need Over $55/Bbl To Break Even
Glencore: Massive investment in coal mines needed
'Enormous' inventories to keep lid on oil price: IEA
Tiptoeing Through the Renewable Energy Minefield
Preventing a Blackout by Taking the Power Grid Offline
Ethiopia: Blackout Sweeps Three Federal Offices for Two Weeks
Nigeria on verge of national blackout, as militants destroy 23 gas pipelines
Petro-Canada fuel shortage to be resolved soon
Australian budget 2016 underestimates role of oil (part 2)
Watts Bar Unit 2 shuts down shortly after starting power generation
The dangers of maintaining nuclear waste in the UK

## Got food? ##
Global farmland deals now cover area the size of Finland: campaigners
Global investors have spent more than $90 billion buying agricultural lands the size of Finland in deals criticized by rights groups for displacing small farmers, according to research published on Tuesday. Internationally, there are now 491 large-scale farmland deals covering territory in 78 countries, said the analysis from GRAIN, a Barcelona-based campaign group.
The SNAP of Doom

## Environment/health ##
Addressing Climate Change Could Be More Costly Than Thought
Environmental Crime Growing at 'Astonishing' Rate, Says UN Report
Air pollution now a leading risk factor for stroke, global research finds
Great Barrier Reef: Australia Pledges $740M To Protect Climate Change-Ravaged Structure
Eating more whole grains can help you live longer
Report: Carbon Dioxide Levels Are Set to Pass 400ppm—Permanently
This Is the First Mammal to Be Killed Off by Human-Caused Climate Change
Prescription Drug Shortages: Data Limitations In An Era Of Big Data

## Intelligence/security/internet/cyberwar ##
Russia Is Reportedly Set To Release Clinton's Intercepted Emails
WikiLeaks Planning to Release More Clinton Emails — "Enough Evidence" to Indict Says Assange
Democratic National Committee Breached by Russian Hackers
The FBI Has Spent Billions On Terror Databases. How Come They Didn't Catch The Orlando Gunman?
Here's What the FBI Was Doing Instead of Catching the Orlando Shooter
Questions Grow on Orlando Shooter, a 'Regular' at Attacked Nightclub
The relatively straightforward narrative of the Sunday morning Orlando attack, a single, ISIS-inspired gunman acting on the basis of the group's anti-gay policies, seems to be falling apart with the latest reports dramatically confusing the matter, and painting gunman Omar Mateen is a much different light.
How US Counterterrorism Funds Ended Up in the Orlando Terrorist's Pocket
This Is The Contract The Orlando Killer's Employer Signed With DHS To Transport Illegal Immigrants, Potential Terrorists
Goldman Sachs hired prostitutes to win Libyan business, court told
Wall Street Bank disputes allegations by Libyan sovereign wealth fund that it paid for the women, as well as private jets and five-star hotels
Computer Crash Wipes Out Years of Air Force Investigation Records
Fraud and abuse investigations dating back to 2004 vanished when a database became corrupted, service officials said.

## Propaganda/censorship ##
MH-17 Probe Trusts Torture-Implicated Ukraine
The floundering inquiry into who shot down Malaysia Airlines Flight 17 in 2014 has relied heavily on a Ukrainian intelligence agency that recently stopped U.N. investigators from probing its alleged role in torture.
Andrew Cuomo and Other Democrats Launch Severe Attack on Free Speech to Protect Israel

## Systemic breakdown/collapse/unsustainability ##
In Venezuela The Economic Collapse Is So Bad That People Are Hunting Dogs And Cats For Food
US Coast Guard operations strained by tight budget, top officer warns
Capitalism Will Collapse Because Elites 'Allow Poor to Rot,' Tariq Ali Tells Chris Hedges (Video)
Americans have lost faith in pretty much everything
The people of the United States have pretty much had it with the country's major institutions, as faith in everything from the banks and newspapers to organized religion and TV news has taken a big hit in recent years, according to a recent Gallup poll.

## Japan ##
Over 60% do not think Abenomics will improve Japan economy: poll
Fitch cuts outlook on Japan over sales tax delay
Japan Corporate Sentiment Worsens, Capex Plans Revised Up
Cyberthreats at Japan institutions hit record 6.13 million in fiscal 2015
Japan unswayed by pressure to end support for coal power
Mitsubishi Motors acknowledges Outlander can be hacked, but plays down concerns
Dry run kicks off to build huge dome over damaged reactor
Abe Aide Sees Potential for BOJ Buying Riskier Corporate Debt
'Corpse hotels' offer dignity for the dead as Japan's crematoriums struggle to keep up
Personal info on 7.93 million people may have been leaked by Japan's biggest travel agency

## China ##
Careening Toward Disaster——China's Consumers Can't Make Up The Slack For Slumping Malinvestment
Bitcoin Soars Above $700 As Chinese Buying Shows No Signs Of Slowing
The Smoldering Bonfires Of Bad Loans In China's 134 City Commercial Banks
'Missing' bookseller returns to Hong Kong, seeks end to probe

## UK ##
If the British Vote for Brexit, Will They Get the Greek Treatment?
Households to pick up the tab if energy suppliers go bust
Retail jobs to fall to five-year low as shops recoup living wage costs
American Silver Eagle Sales Up 122% In May
Cameron Caves In Again (This Time on Turkey): Another Cameron Lie
Brexit Odds Hit Record High After Biggest UK Newspaper Urges Brits To Vote "Leave"

## US ##
Something Wicked: C&I Loan Delinquency Increase May Spell Trouble … Again
Free Shipping Is Customers' Number One Desire, To The Surprise Of No One
Another Fed Win——–More Jobs For Seniors
Last week I showed you how, with ZIRP and QE, the Fed has stimulated growing leisure time for increasing millions of Americans. Here's even more evidence of the success of Fed policy– the ever increasing job opportunities for US senior citizens.

## The candidates ##
Obviously, the sitting parties in Congress want nothing more than for Trump to be branded a fascist. Which is why Hillary Clinton not long ago compared him to Adolf Hitler. Through a wider philosophical and historical lens, there are two issues with that claim. First, Trump hasn't killed anyone. Second, the person making the claim has.
How Clinton Donor Got on Sensitive Intelligence Board
Newly released State Department emails help reveal how a major Clinton Foundation donor was placed on a sensitive government intelligence advisory board even though he had no obvious experience in the field, a decision that appeared to baffle the department's professional staff.

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