Tuesday, June 07, 2016


News Links, June 8, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Nation of Debt: New Zealand sitting on half-trillion-dollar debt bomb
New Zealand now owes almost half a trillion dollars in debt - and a growing chunk of it belongs to ordinary households, mainly borrowing to buy property.
Global Trade Bellwether Taiwan Posts 16 Straight Months Of Sliding Exportshttp://www.zerohedge.com/news/2016-06-07/global-trade-bellwether-taiwan-posts-16-straight-months-export-declines
Saudi Arabia Races Through Financial Toolkit to Raise Funds
It Takes a Village to Maintain a Dangerous Financial System
Is the Market Rational After All?
This is the market we have now: dominated by delusional, irrational central planners with unlimited powers to create money out of thin air to fund their manipulations.
Interactive Globe: A Worldwide Survey of Extreme Poverty
Goldman Sachs attracts 250,000 student job applications
US Seeks "Total Ban" on Chinese Steel: Alarm Bells Ring Over "Nuclear" Option
Developed World Bond Yields Plunge To Record Lows
This is How Draghi Will Sock it to Corporate Bond Investors that Weren't Invited to the Secret Meetings
Bernanke Blew It Big-Time: He Should Have Raised Rates Three Years Ago
Ben Bernanke is not the savior who rescued the global economy; he is the clueless fool who plunged a poisoned knife in its back.
Gold Surges After Very Poor Jobs Number, Growing Risk Of BREXIT
Royal Canadian Mint Smashes All Records, Strongest Sales Ever of Silver Maples

## Cut, baby, cut! ##
Transportation Sector Cut Jobs in May
Third of UK oil and gas companies 'planning more job cuts'
Daimler to lay off 1,200 workers in North America
Ralph Lauren Corp. (RL) Slashing Jobs, Closing Stores In Sweeping Cost-Cutting Plan To Revive Luxury Fashion Brand
GE Oil & Gas Cutting Hundreds of Jobs in Texas

## Airline death spiral ##
Hey Big Spenders: American Airlines Follows Delta, United, Will Change Loyalty Program's Focus To Ticket Price, Not Distance Flown
Technical glitch shuts down Cathay Pacific online bookings for almost 24 hours
U.S. Airlines Are Succeeding More This Year at Raising Your Fare
Iceland flight disruption could go on all summer
Report: Solomon Airlines Shuts Down Operations

## Fault lines/flashpoints/powder kegs/military/war drums ##
Nine-Dash Line's Ambiguity a Good Thing, Argues Chinese Military Academic
This strengthens my contention that China's strategy is to start with the most extravagant claim possible, which raises the possibility of ultimately getting more than it would have otherwise. -- RF
Taiwan Says Won't Recognize Chinese Air Defense Zone Over South China Sea
Two Weeks Into Presidency, Taiwan Leader Pushes Away From China
Vietnam, South Korea May Buy Lockheed Planes Amid Chinese Buildup
Gov. Cuomo Decrees Boycott & Blacklist to Silence Global BDS Movement for Palestinian Rights
UN removes Saudi-led coalition from child rights blacklist
The United Nations has removed the Saudi-led coalition fighting in Yemen from a blacklist of child rights violators after Riyadh angrily protested the decision.
Memo To CNN's War Channel: If Japan Gets Its Own Nuclear Deterrent, What's It Going To Bomb—–Pearl Harbor?!
Advances on IS strongholds underlines US, Russia convergence
Israeli Bill Would Retroactively Legalize Settlers' Seizure of Palestinian Land
Israel Covets Golan's Water and Now Oil
Israel's Prime Minister Netanyahu is defiantly asserting permanent control over the occupied Golan Heights, a determination strengthened by Israel's extraction of water and now possibly oil from the land.
Protest party's Rome success a blow to PM
Italy's anti-establishment Five Star movement fired a warning shot across Prime Minister Matteo Renzi's bows Monday with a landmark victory in the first round of Rome's mayoral race.
Anakonda Kicks Off In Poland With Major US Army Involvement
Poland has kicked off its joint multinational exercise with heavy US Army participation in order to test readiness and interoperability using 31,000 soldiers from 24 countries, 100 aircraft, 12 vessels and 3,000 vehicles.
Russia deploys troops westward as standoff with NATO deepens
US Deploys Four Aircraft Carrier Strike Groups Amid South China Sea Tensions, Fight Against ISIS
Amid First Military Expansion Since Cold War, Germany Plans To Cofinance Fleet Of C-130 Hercules Aircraft
North Korea restarts plutonium production for nuclear bombs - U.S. official
ISIS Is Converting 2/3 Of US Humvees Given To Iraq Into Car Bombs
Over 50,000 flee Boko Haram attacks in Niger: UN

## UAVs ##
Drone-Helicopter Teams Performing 'Very Well' Against ISIS
Drone sightings decline but remain contentious

## Migrants/refugees ##
Over 100 bodies of refugees washed up in Libya after boat capsizes in Mediterranean Sea
Migrant deaths in Mediterranean 'hit 10,000'
Paris Becomes Massive Camp for Illegal Migrants
Paris evacuates 1,850 migrants from tented city camp
French authorities on Monday evacuated 1,850 migrants from a tented camp which had sprung up in a Paris park and where conditions had nosedived after one of the wettest Mays on record.
Migrants linked to 69,000 would-be or actual crimes in Germany in first three months of 2016: police
Fire ravages Duesseldorf refugee centre in Germany

## Global unrest/mob rule/angry people/torches and pitchforks ##
Donald Trump rallies are only going to get more dangerous for everyone
Venezuelan Woman Shot In The Face After 500 Looters Storm Food Warehouse
Protesters Burn American Flag in Front of NYC Police Precinct
Kenya protests escalate as police shoot demonstrators dead
Venezuelan protesters clash with police, demand recall

## Energy/resources ##
Are biofuels a sustainable and viable energy strategy?
If you mean for propping up industrial society, the short answer is no. -- RF
Oil Up As Global Outages Seriously Impact Crude Supplies
Hercules Offshore to sell assets in bankruptcy
Denmark Scares Off Investors After Energy Agenda Is Jettisoned
EIA's Annual Energy Outlook and the Seneca Cliff
Nigeria Prepared To Negotiate With Niger Delta Avengers
Shell to Quit Up to 10 Countries, Sell 10% of Oil and Gas Assets
Kenyan power supplies restored after nationwide blackouts
Hybrid electric trucks are very different from HEV cars
Copper Is Crashing After Huge Spike In Inventories
Nuclear Industry Worldwide Faces Escalating Battle to Keep Aging Reactors Running
The alternative is to close them down and face the vast cost of decommissioning them—which, in accountancy terms, turns the power station from an asset into a very large liability. This would be enough to make some power companies technically bankrupt.
As I've said again and again, there will never be enough money to decommission more than a handful of reactors. The situation is only going to get worse. -- RF
Finland to bury its nuclear waste in the world's costliest tomb
Oil demand to peak in 2030 as energy experts slash forecasts
Solastor promises world's cheapest 24/7 solar power

## Got food? ##
Climate Change And Food Waste: First Global Standard To Measure Discarded Food Aims To Keep Calories Out Of The Trash
A major cause of such waste is that food is shipped long distances. -- RF
Food inflation: Canadians getting priced out of fresh vegetables, fruit
Fallujah Refugees Say Islamic State Uses Food To Enlist Fighters

## Environment/health ##
Wisconsin beekeepers battle dramatic honeybee losses
Could Arctic Ice Disappear For First Time in More Than 100,000 Years?
Four tremors recorded near Oklahoma shale
Not So Healthy [sic]: Young Fish Eat Microplastics Like Fast Food
America's Obesity Epidemic Hits a New High
This problem will be solved by the coming food shortages. -- RF
Zika Virus Won't Be a Big Problem at Olympics, Rio Officials Say
FDA: People are overdosing on anti-diarrhea drugs

## Intelligence/security/internet/cyberwar ##
Mark Zuckerberg's Social Media Accounts Hacked By Saudi Arabia-Based Group OurMine
Mitsubishi Outlander hybrid car alarm 'hacked'
US Spies Are Building Software to Spot Your Suspicious Behavior In Live Video
FBI Pushing For Legislation That Will Legalize Its National Security Letter Abuses
FBI Reveals 'Additional Details' About Clinton Email Probe in Secret Declaration

## Propaganda/censorship ##
Curbs on free speech are growing tighter. It is time to speak out (Economist)
Propaganda Bill in Congress Could Give America Its Very Own Ministry Of "Truth"
Our propaganda is better than your propaganda. -- RF
Declaring Clinton's Premature Victory

## Systemic breakdown/collapse/unsustainability ##
Government Efficiency: State Dept Says 75-Year Estimate to Release Clinton Aides' Emails 'Not Outlandish'
In 75 years the United States, if it still exists, will be a considerably different country than it now is, and there will likely be no State Department. And there certainly won't be any email. -- RF

## Japan ##
Abe pushes equal pay for temp workers to lift economy
TEPCO expands ice wall operations at Fukushima
OECD reduces Japan forecast for next 2 years
Plutonium shipment from Japan arrives in U.S.
Toyota Issues Bond At A 0.001% Coupon, Japan's Lowest Ever
Japan moves to rein in do-nothing solar projects

## China ##
Dongguan: China's Factory to the World Is in a Race to Survive
DNA samples required for travel papers as border area in China's restive Xinjiang tightens immigration procedures
Guangxi attorney has his clothes ripped off in court by police for refusing to hand over mobile phone
China's Real Unemployment Rate Is Three Times Higher Than The Offical Number
And China isn't the only country which fudges its unemployment numbers. -- RF
Bleak house: job prospects for Hong Kong youngsters decline as top jobs tough to find and earnings drop

## UK ##
Digital Surveillance Law Advances In Britain
More spent on treating obesity-related conditions than on the police or fire service, says NHS Chief 
Destroyers will break down if sent to Middle East, admits Royal Navy
Royal Navy frigates face 'dangerous delays because MoD has run out of money'
Flash flooding causes chaos in parts of England

## US ##
This is how the Houston Office Market is Melting Down
Bank requires few mortgage documents: Seems like housing deja vu
"San Francisco Housing Crisis" Hits Market Limit
NY Gov. Cuomo signs "unconstitutional, McCarthyite" pro-Israel exec. order punishing BDS boycott movement
The South Carolina police files: Gunslinging raids, coverups and magical dog sniffs
Minneapolis Police Union Leader: 'Black Lives Matter Is A Terrorist Organization'
The Daily Data Dive: Auto Sales Chart Crystalizes 40-Year Decline Of US Middle Class
The Ever Disappearing Recovery——-Factory Orders Revised Down By $254 Billion Since 2014
Three Charts From Friday's Jobs Report That Are Ominous for the U.S. Economy
Temporary jobs: Something Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened
Is the Fed Outright Buying Stocks/Futures to Prop Up the Markets?

## The candidates ##
Journalistic Malpractice – How Hillary Clinton "Clinched" the Nomination on a Day Nobody Voted
Busted: Trump Is Taking Ideas Directly From America's Most Famous Right-Wing Crackpot, Alex Jones
David French Won't Mount Independent Bid for President
Clinton's Speech Shows That Only Sanders Is Fit for the Presidency
Obama Administration Delays Release of Hillary Clinton TPP Emails Until After the Election
Clinton's IT aide keeps email server shrouded in mystery
Donald Trump Receives His First Un-Endorsement From Sen. Kirk
Presidential Poll 2016: Russians Want Donald Trump Over Hillary Clinton
Trump's latest rant is proof that he's a sly political strategist and an amoral genius
Failure of America's Two Parties

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