Sunday, July 24, 2016


News Links, July 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Meets Ugly Reality — Trade Volume Adjusted Down
Trade volume was adjusted down every month by 2% to 3% in recent years, in a world where economic growth is stuck at only 3.1% in 2016, according to the IMF. And that includes the glorious GDP numbers from China that no one believes.
Look Who's Frantically Demanding that Taxpayers Stop Italy's Bank Meltdown
World Bank mulls different approach as prospects for global growth darken
Startup Deal Activity Keeps Falling Worldwide
Private Debt Piles Loom Over Emerging Economies
Negative interest bites Switzerland's big banks harder in 2016
Corporate Tax Collection In Spain Goes Negative €539 Million
Pension Funds Are Underwater – And Taking Us With Them
U.S. sides with HSBC to block release of money laundering report
Who Buys Bonds With A Negative Interest Rate?
Saudi real estate sales drop to lowest level in a decade
G-20: Denial of the Obvious, Praise for Lies
World should not rely on China to lead global economic recovery, says Premier Li Keqiang
Seoul: North Korea's economy shrinks 1st time in 5 years

## Cut, baby, cut! ##
ConocoPhillips to Trim 6% of its Workforce
Shell to cut 25% of its deep water Gulf of Mexico workforce
Honeywell Cuts Guidance, Boeing Gives 60-Day Notices

## War on cash/cashless society ##
Big banks getting serious about Venmo-style online transactions

## Airline death spiral ##
World's Airlines Crashing At Worst Rate Since 2008
As Global Demand Slows, Airlines Defer Widebody Jet Orders
With 1,150 Southwest flights canceled, airline waking from computer nightmare
BA plane makes emergency landing due to 'nasty' cannabis smell: 'The whole area stank'
Engine problem prompts flight diversion to Virginia
Notified of 23 'minor' deficiencies by FAA, Allegiant working on corrections
Lufthansa Technik to cut 700 jobs in engine overhaul operations
Traveling costs likely to take off
Airlines Rake in Cash as Fares Stay Cheap. What's Wrong With This Picture?
Feds Asked to Investigate American Airlines After Muslim Passenger Removed
Kenya Airways reports $252 million loss for FY2015-16
Security Concern Causes Flight to Divert to Portland
Singapore to toughen laws against unruly air travellers

## Fault lines/flashpoints/powder kegs/military/war drums ##
18-Year-Old German-Iranian Is Behind Munich "Shooting Rampage" Which Killed 10 Including Gunman
Machete-Wielding Syrian Refugee Kills Pregnant Woman; Injures Two In Southern German City
Turkey coup attempt: Crackdown toll passes 50,000
All Or Nothing For Erdogan: 200,000 Purged In Race For Absolute Power
Turkey's Erdogan Orders Closure Of More Schools, Extends Detention Period
Is Bibi's massive fundraising network about to collapse?
Multinational air base in Turkey faces uncertain future
Russia expands Pacific submarine fleet with quieter, better armed vessels
Top Obama aide to take call for South China Sea calm to Beijing
In port visit, New Zealand and U.S. seek to bolster military ties
France to Send Heavy Artillery to Iraq to Fight ISIS
IS Attacks Protest in Afghan Capital, Kills 80 People
10-Day Ban on Public Gatherings in Afghanistan
US War In Afghanistan Is Fueling Global Heroin Epidemic & Enabling The Drug Trade
ASEAN deadlocked on South China Sea, Cambodia blocks statement
Afghanistan: President Obama's Vietnam
President Obama is keeping U.S. troops in Afghanistan fighting an unwinnable war for fear of the political consequences if he faces reality and admits defeat, an echo of Vietnam.
US Air Force works to keep older planes in air longer

## Migrants/refugees ##
Turkey's political turmoil may have implications for Europe's migrant crisis

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek Far-Rightists, Police Clash During Muslim Party March

## Energy/resources ##
Middle Eastern rush to a nuclear powered future
Oil Continues To Plunge As Markets Turn Bearish
Workers: Force majeure at ExxonMobil Nigeria may last weeks
Why Nigeria's 'Avengers' are crippling the oil sector
Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut
Keppel Corp., the world's largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that's caused quarterly profit to fall to the lowest in almost a decade.
Chop, baby, chop! Solar projects can't save the forest for the trees?
Why San Onofre's nuclear waste stays on the beach
Some 3.6 million pounds of nuclear waste at the shuttered San Onofre Nuclear Generating Station is all stored up with no place to go.
Nuclear decommissioning: Taxpayers likely stuck with Pilgrim closure bills
As it will happen around the world. Unfortunately, economic collapse guarantees that taxpayers won't be able to foot the bill. I stand by my prediction that hardly any nuclear power plants, anywhere, will be properly decommissioned. Even if the money were to be found — which it won't — there is no place to sequester all the waste. Unmitigated global disaster, coming right up! -- RF
Shell cutting deepwater Gulf workforce
Pakistan's oil output drops 8% with gradual fall in reserves

## Got food? ##
Why Americans waste so much food
A bigger problem is that almost all discarded food goes into landfills or incinerators, instead of being returned to the soil. It's too late to change this, so we'll just have to wait until the food production/distribution system collapses and trash collection stops. Then you will see lots of composting. -- RF
Extreme Climate Change Pictures 2016: Amid Hottest Year On Record, Famine, Drought Grips Africa, Central America, India
Venezuela Economic Crisis: No McDonald's Big Macs Amid Food Shortages
Thanks For The $170 Billion——-Uncle Sam's subsidies Help Fatten Junk Food Industry
How much should food cost?
Eggs, With a Side Order of Blood and Filth (Videos)
Are you anti-science if you don't like GMOs?

## Environment/health ##
Florida May Have a Second Non-Travel-Related Case of Zika
Vaccine Scandal Highlights Indonesian Health System Woes
Forms of HIV can jump from chimps to humans, study says
Change in Zika virus sparks pandemic fear for Australians
The terrifying Zika virus, which can cause babies to have horrific birth defects, has reportedly leapt to a new breed of mosquito.
Canadian City Gets Backup Water Supply Ready After Oil Spill
Scorching Middle East Beats All-Time Heat Records for Eastern Hemisphere
Sand Fire burns through more than 11,000 acres in So. California
Toxic algae bloom in Utah sickens over 100 people amid heat wave
Rise in plunder of Earth's natural resources
Companies are flooding Earth's orbit with satellites, but no one's directing traffic

## Intelligence/security/internet/cyberwar ##
A Turkey of a Coup (a debunking of various theories)
Erdogan's Power Game: Turkey On Collision Course With NATO
WSJ Reporter's "Shocking" Discovery: DHS Can Confiscate Any Device Along The Border Without Suspicion
Study: a fifth of Swiss spy on neighbours
Emails Released by WikiLeaks Appear to Show DNC Trying to Aid Hillary Clinton
Leaked Emails Confirm DNC Officials Planned Anti-Trump Protests
Democrats Accuse Russia Of Hacking DNC Server To Help Donald Trump
Looks like an attempt to deflect attention from DNC wrongdoing and pin the rap on the Russians. -- RF
Yes, The Democratic National Committee Flat Out Lied In Claiming No Donor Financial Info Leaked
Paris Officials Seek to Destroy Potential Evidence in Attack in Nice, France
Study Says Drones Generate More Terrorism

## Propaganda/censorship ##
The Parade-Goer's 9-Point Guide to Understanding Political Propaganda
Will NYT Retract Latest Anti-Russian 'Fraud'?
In covering the new Cold War, The New York Times has lost its journalistic bearings, serving as a crude propaganda outlet publishing outlandish anti-Russian claims that may cross the line into fraud.
Presenting "Putin's Useful Idiot": Anyone Who Disagrees With The Establishment

## Systemic breakdown/collapse/unsustainability ##
Donald Trump's Convention Speech Highlighted The Truth About America's Decline
If We Can't Be Honest, No Solution Is Possible
A field guide to technology gone feral
Tech systems are so interwoven that even if we could understand their complexity, they change too fast to keep up. We have to study them like an ecology, says a new book
Fiat Chrysler recalling 410,000 vehicles
Electrical connections in Rio Olympic Park still not finished: sources
Navy's $12.9 Billion Carrier Isn't Ready for Warfare, Memo Says
The $12.9 billion USS Gerald R. Ford -- the most expensive warship ever built -- may struggle to launch and recover aircraft, mount a defense and move munitions, according to the Pentagon's top weapons tester. On-board systems for those tasks have poor or unknown reliability issues, according to a June 28 memo obtained by Bloomberg News.
Instead of asking, "are robots becoming more human?" we need to ask "are humans becoming more robotic?"
Why We're Ungovernable, Part 15: Violence Goes Random

## Japan ##
Japan's Business Lobby Calls For A Shift From Nuclear Power To Renewables
Japan's CPI seen falling again in June, more headaches for BOJ
Abe's maglev decision reflects political calculus over economics
Japan Atomic again flubs maintenance checks at Monju reactor
Japan to allow fingerprint authorization for visitors
Japan's primary balance expected to worsen

## China ##
Chinese Officials Begin to Dismantle Tibetan Study Site
Is China Stealing Jobs? It May Be Losing Them, Instead
China's ballooning corporate debt a key tail risk for global credit: S&P
Flooding in China kills at least 170
Beijing Floods Not a Problem for Forbidden City's 600 Year-Old Drainage System
China withdrew missiles from South China Sea island ahead of Hague ruling: report
Chinese Companies are Turning Japanese
China's Rising Bad Debts Revealed in Recent Bank Listing
China Beefs Up Military Modernization

## UK ##
Brexit shock pushes UK services and manufacturing into contraction says new survey
Britain's economy shrinking at fastest rate since 2009, says survey
More than 57,000 people hit by bedroom tax fall behind on rent, Government report reveals
Britain Quietly Backs Off Claims Saudis Aren't Committing War Crimes
More than 500,000 public sector workers put through Prevent counter-terror training in bid to spot extremism
Massive Delays Stall England-to-France Vehicle Traffic
Brexit causes dramatic drop in UK economy, data suggests

## US ##
Report: U.S. is lagging in child well-being
US Failing Dismally on Sustainable Development, Despite Vast Wealth
However, much of that "vast wealth" is froth. -- RF
Wealth Bubble In 'Scary Graph' Flashes Warning About Future U.S. Downturn
Is Obama's Recent Ban on Military Gear to Police Already Coming to an End?
It Starts: First Mega-Foreclosure Hits Houston Office Market
Medicare safeguard overwhelmed by pricey drugs

## The candidates ##
Trump does it; he was scripted and fiery
Donald Trump's Convention Speech Rings Terrifying Historical Alarm Bells
Thoughts on Trump's Speech (Why I Can't Vote for Him and Why He Could Win)
Koch Brothers Now Supporting Hillary Clinton
Trump Enrages the War Party
Hillary Clinton's Top VP Pick Lets Big Banks Know He's in Their Corner
Trump's tax numbers just don't add up
Donald Trump Doesn't Understand Cyberwar
Leaked DNC Emails Confirm Democrats Rigged Primary, Reveal Extensive Media Collusion
Bernie Sanders Campaign Chief Says Someone Must Be 'Accountable' for What DNC Emails Show
DNC Chair Wasserman Schultz Announces Resignation Following Wikileaks Revelations, Will Join Clinton Campaign
Oil Lobby Paid Washington Post and Atlantic to Host Climate-Change Deniers at RNC
Donald Trump threatens to pull US out of the World Trade Organisation
Hungary's Prime Minister Praises Trump
Former NYC Mayor Michael Bloomberg to endorse Hillary Clinton, speak at DNC in Philadelphia

And finally...
Grumpy Cat hysteria hits the UK as crowds queue for hours to meet the celebrity animal

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