Thursday, June 02, 2016


News Links, June 3, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
OECD Economic Outlook 2016: Fragile Global Economy Caught In Vicious Cycle Of Low Growth, Major Report Warns
From Awesome in April to Gutted in May, Iron Ore Sinks Back Down
World factories stuck in low gear on sluggish demand
Stunning Satellite Images Of The Global Tanker Oil Glut
The Untold Story Behind Saudi Arabia's 41-Year U.S. Debt Secret
How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped U.S.-Saudi relations for generations.
Basic Income Gathers Steam Across Europe
In a world of high net energy and its attendant economic growth, this might work (for a short time), but now that we're on the downhill side, it's lunacy to even consider it. -- RF
The OECD's $11 Trillion Forecast Miss——Stunning Proof That 'Stimulus' Hasn't Worked
By this metric, many dividends are now unsustainable
It's Official: US International Trade Commission Predicts Negligible Economic Benefits From TPP
World's Low-Cost Economy Built on the Backs of 46 Million Modern Day Slaves
U.S. Banks Down 2% On Bad Energy Loans
Flexible Labor Is the Future
Jeff Bezos thinks we need to build industrial zones in space in order to save Earth
Crackpot. -- RF
It's Time to Ditch 4 Years of Costly College for Directed Apprenticeships
Trade deficit narrows, but Australian foreign debt hits fresh record
Sugar Daddies and Student loans: The rise of soft prostitution

## Cut, baby, cut! ##
Munich Re's insurance business cuts jobs, costs in bid to return to profit
Are BEA's mass sackings just the tip of the iceberg for Hong Kong?

## Airline death spiral ##
Airlines Expect Low Oil Prices Will End in About Three Years
Is the TSA's $85 PreCheck Program Too Pricey?

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Boiling Pot
Russia Military Update: Over 2,000 Summer Armed Forces Exercises Planned Amid Tensions With NATO
Rusty Ships and Unused Aircraft Carriers: the Other Side of Asia's Militaries
A US Hand in Brazil's Coup?
The ouster of Brazil's left-of-center president was the latest right-wing victory in Latin America, but was this "quiet coup" driven by local politics or part of a broader U.S. strategy to reclaim dominance over its "backyard"?
Carrier Ike leaves Norfolk to wage war against ISIS
Ukraine Eyes 30 New Vessels, Military Training Facilities
Traders Watch Oil Chokepoints As Geopolitical Risk Soars
Japan protests China's continued gas project

## UAVs ##
Walmart Says It Is 6-9 Months From Using Drones To Check Warehouse Inventory

## Migrants/refugees ##
Dalai Lama Thinks Europe Has Let In 'Too Many' Refugees
Growing migrant deaths provoke tears, desperation for families left behind
4,700 Syrian refugees approved resettlement to U.S.: Homeland Security chief
Dangerous migrant smuggling routes flourish in lawless Libya

## Global unrest/mob rule/angry people/torches and pitchforks ##
First Signs Of Labour Problems For The World's Top Platinum Nation
Niger Delta Militants Blow Up 2 Chevron Oil Wells
France Labor Dispute: Power Sector Workers To Join Strikes As Unrest Spreads
Caught On Tape: Brazilian Police Fire Tear Gas, Rubber Bullets As Protesters Try To Storm New President's Office

## Energy/resources ##
The Offshore Oil Business Is Crippled And It May Never Recover
And this, dear reader, will almost single-handedly move the oil price higher in the coming two years.
Why the Oil Majors Face Inevitable Decline
2.8GW annual onshore ceiling imposed on wind energy by government to protect grid (Germany)
Nigerian Outages Drag Total OPEC Production Down In May
Fracking 2016: Obama Administration Approves Drilling Off The Coast Of California
Clean Energy Projects Soar To Record Levels In 2015 Despite Energy Sector Headwinds
CEO Hints Of Massive Shortages As Tech Manufacturers Are Now Going Direct To Mining Companies In Search of Silver
Argentina backpedals on gas rationing measures for industry
Diesel is finite. So where are the electric trucks?
The Nuclear Plant Casualties of the Shale Boom Are Mounting
Scramble in US to save nuclear plants
Chile Has So Much Solar Energy It's Giving It Away for Free

## Got food? ##
Food and Drug Administration Asks Companies to Cut Down on Salt
National Academy of Sciences Weighs In On Genetically-Engineered Foods

## Environment/health ##
A Lot of Weird Stuff Has Been Happening in the Oceans
North America Failing Dismally on Ocean Protection, Groups Warn
Baby With Zika-Linked Defects Born In New Jersey
Zika threat calls for extra mosquito protection this summer
Maryland is First State to Ban Neonicotinoids
Pesticides: Here's Why 'Inert' Ingredients May Be the Most Harmful of All
High blood pressure linked to short-, long-term exposure to some air pollutants
How Did Prince Die? Opioid Overdose Statistics Show Drug Use Is A Major Crisis In The US
Rising Lake Michigan waters threaten shoreline homes
Australia stifles damage report on Great Barrier Reef
The Australian government is facing widespread international criticism for secretly -- and successfully -- lobbying to have references to its ailing Great Barrier Reef and other World Heritage-listed sites removed from a United Nations report, fearing it would hurt the country's multibillion-dollar tourist industry.

## Intelligence/security/internet/cyberwar ##
NATO Weighs Making Cyber Wartime Domain
White House Slates $19B for Cyber Defense. Next Step: Find Contractors to Help
Scientists can figure out what kind of movie you're watching by studying your breath
"Memory loss" is a tragic affliction which disproportionately attacks the rich and powerful, and their acolytes. -- RF

## Japan ##
Households on welfare record high
The number of households on welfare increased by 2,447 in March from the previous month to a record high of 1,635,393, the Health, Labor and Welfare Ministry said Wednesday.
Japan Data Dump——Mostly Dumping All Over Abenomics
About 40 trillion yen ($360 billion) has piled up in homes across Japan, according to a Dai-ichi Life Research Institute estimate -- equivalent to about 8 percent of gross domestic product.
At that depth, it's likely not commercially viable. -- RF
## UK ##
Average Speed Camera Usage On UK Roads Has DOUBLED In Three Years
Geriatric America: 13 percent of US workforce now employed by healthcare industry. Healthcare inflation out of control.
Why the Central States Pension Fund is doomed to fail
The Teamsters' Central States Pension Fund looks all but certain to fail, crushing the retirement dreams of thousands of Minnesotans and many thousands more in other states.
The Federal Reserve Has Created an Unprecedented Disaster for Pension Funds
## The candidates ##
What a prize. -- RF
Waiting for California and the FBI
Some Democratic leaders are privately scouting around for someone to replace Hillary Clinton if she stumbles again in California and/or the FBI detects a crime in her email scandal.

And finally...

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