Thursday, July 21, 2016

 

News Links, July 22, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Bubble Finance At Work——65%-70% Of Households Have Lower Real Incomes Than In 2005
Globalization's Few Winners and Many Losers
Atlas Rescue Phase II: Italy Eyes Another Private Deal to Bail Out Banks
Corporate debt seen ballooning to $75 trillion: S&P
HSBC Bankers Are First Individuals Charged in U.S. Currency Case
Global steel production down 1.9% y/y in H1
Too hot to work: global warming may cause loss of 20% of annual work hours in Southeast Asia alone
Rising temperatures caused by climate change may cost the world economy over $2 trillion in lost productivity by 2030 as hot weather makes it unbearable to work in some parts of the world, according to U.N. research published on Tuesday.
How the Oil Bust is Crushing a Downtown of Office Towers
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil and gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs.
Could This Rally Be a Head-Fake?
This entire rally has an engineered feel. All the technical "buy" signals are precisely what you'd expect in a rigged rally.
Dear ECB, What's in Your Wallet?
George Soros Doubles Down: Accept 300k Refugees Costing $30Bn, Or Risk EU Collapse

## Cut, baby, cut! ##
Bank Earnings: Wall Street Is Running Out of Jobs to Cut
Energy Giant Schlumberger Fires Another 8,000 As "Market Conditions Worsened" In Q2

## War on cash/cashless society ##
Is it easier to save money when you pay with cash?
Could India Be the First to Get Rid of Cash?

## Airline death spiral ##
Asiana Airlines was storing bank info and thousands of passports on its website
Security measures slow Brazil's airports
DFW Airport briefly delays flights after standoff
Technical issues [sic] ground many Southwest Airlines planes
New York's $8 Billion Airport Still Won't Get You to L.A.
Footage Shows Governor Malloy Bypass Airport Security
Southwest says technology outage fixed but more flights cut
Abusive East Midlands Airport passenger diverts flight
Sydney flight diverted as drunken passengers throw punches
European Airlines Fly Into Trouble
EasyJet will not be the last airline to announced disappointing results this year

## Fault lines/flashpoints/powder kegs/military/war drums ##
No Retreat From Asia Pivot Regardless Of Who Wins US Presidency: Biden
Incirlik Air Base: Post-Coup Power Cut Remains at U.S. Site Five Days after Attempted Coup
100 Jihadis Enter Syria From Turkey Each Week, French Intelligence Finds
Vice President Joe Biden Says US Accepts Invitation to Send a Navy Ship to New Zealand for 1st Time in 3 Decades
Turkey Coup Update: 50,000 People Suspended, Detained In Erdogan's 'Purge' Of Gulen Followers
Who Is Buying MiGs From Russia? Secret Fighter Jet Deal Is Reportedly Underway
AFRICOM: Ready to Sabotage the Revolution
How much does the Pentagon's newest bomber really cost?
A Failed Coup… An Unrecognized Republic… And Triggers for a Global Economic Meltdown
Sultan Erdogan, Gulen's Terrorists, the CIA's Money and False Flags Galore
Erdogan Declares Emergency in Which He Can Rule by Decree, Tells France "Mind Your Own Business", S&P to Shut Up
US-Backed Syrian 'Moderates' Behead 12-Year-Old
The grisly beheading of a 12-year-old boy by U.S.-backed Syrian rebels spotlights Washington's creepy excuses for arming "moderate" jihadists who are barely distinguishable from Al Qaeda and ISIS.
South China Sea: Taiwanese lawmakers and flotilla head to Taiping Island in sovereignty, fishing rights push
Nice Attacker Plotted for Months, Had Accomplices, Official Says
ISIS In China? Muslim Uighur Population Joining Islamic State In Syria, Iraq Amid Poor Economic Conditions
ISIS Trying to Topple Saudi King with Attack on Mohammed's Mosque
Senators Urge Obama To Cancel Nuclear Cruise Missile

## Migrants/refugees ##
Over 20 migrant bodies found on dinghy in Med
Hungary launches new anti-migrant media offensive

## Global unrest/mob rule/angry people/torches and pitchforks ##
The world is taking its revenge against elites. When will America's wake up?
Demonstrators, Armenia Police Clash Outside Station
Civil unrest means more pizza deliveries
Pepper spray used on crowd as police detain protesters outside GOP convention
Eighteen protesters arrested in Cleveland after scuffle with police

## Energy/resources ##
Whistleblowers: Nuke Watchdogs Not Doing Enough to Prevent Canadian Fukushima
Bad News For Miners: Cash Strapped Governments Up Royalties
Halliburton Reports $3.2 Billion Loss, But Sees Activity Picking Up
Some reflections on the Twilight of the Oil Age (part III)
Global extraction of primary materials to triple by 2050 -UNEP
If nothing else, the depletion of high-quality reserves dictates that this won't happen. -- RF
Scots offshore wind 'pretty much dead', former minister claims
Goldman Sachs: Oil, Gas Will Need Up to 100K Workers for US Shale Growth
BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
More pain seen for U.S. crude as product glut adds to gloom
How Much Does The U.S. Spend Per Day On Petroleum Products?
Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased slightly to 19.72 MMBoepd since peaking in 2007 at 20.94 MMBoepd.
Fracklog in the Biggest U.S. Oil Field May All But Disappear
The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter -- and may all but disappear in the nation's biggest oil field should prices hold steady.

## Got food? ##
Regulators look for solutions to lobster bait shortage

## Environment/health ##
Florida May Have Its First Zika Virus Outbreak

## Propaganda/censorship ##
'Fraud' Alleged in NYT's MH-17 Report
An amateur report alleging Russian doctoring of satellite photos on the Malaysia Airlines Flight 17 case – a finding embraced by The New York Times – is denounced by a forensic expert as an "outright fraud.
Turkey Blocks Wikileaks After It Dumps Nearly 300,000 Turkish Gov't Emails

## Systemic breakdown/collapse/unsustainability ##
Gunfire often connected to gangs hitting Chicago children
Another chapter in the saga of the global pension demise. -- RF
Greenpeace Japan reported Thursday that waterways in the Fukushima district have hundreds of times more radiation now than before 2011, when the nuclear disaster that forced the evacuation of at least 160,000 people occurred.

As with many other things around the world, it's not a shortage; it's too many people. -- RF
The situation is getting desperate. -- RF

## US ##
Manhunt Underway After 4 Men in Car Shoot at NYPD Officers in Brooklyn, Narrowly Missing Them: Police Union
Why Public Needs Go Begging
For decades, Americans have been sold on rugged individualism and told to disdain collectivism and community, a philosophy that has starved many public institutions and fattened up the few at the top.

## The candidates
VP Choice Pence Reaffirms Israel Devotion
Donald Trump may alarm Washington's foreign policy establishment with his "America First" rhetoric but Mike Pence, Trump's VP choice, reaffirms a commitment to the traditional "Israel First" doctrine.

And finally...




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