Tuesday, August 09, 2016


News Links, August 10, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
If "Everybody Knows the Economy's Doing Better," What Is That Information Worth?
Maybe the "smart money" knows the real numbers are now so far from the central planners' rigged statistics that the carefully constructed narrative of "recovery" is doomed to an unwelcome intrusion of reality.
It's Getting Uglier in Spain — No government, no problem.
McKinsey Study Shows 81% of US Worse off Than in 2005, France 63%, Italy 97%
Net energy decline. -- RF
Negative Rates Are Backfiring——Here's Some Early Evidence
Productivity Declines 0.5%, Down 3rd Consecutive Quarter, Longest Losing Streak Since 1979 (US)
Saudi Building Bust Traps Thousands in Desert Nightmare
Jim Rogers says planet is 'overdue' for a severe crisis, urges people to 'be prepared'
Why Marc Faber is calling for an ugly stock-market crash—again

## Airline death spiral ##
Delta Warns of Chaos After Power Outage, Worldwide System Failure
Tens of thousands of Delta passengers around the world were stranded Monday after a power outage at its Atlanta headquarters caused a global computer failure that halted all flights.
Delta Airlines delays spill into second day after computer outage
Some Delta systems haven't recovered fully from outage
The perils of 'flying while Muslim'

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. urges Russia to halt Syria sieges; Russia slams aid politicization
Saudi Arabia Requests US Tanks, Vehicles for $1.15 Billion
Bombing at a Hospital in Pakistani City of Quetta Kills 30
US Proposes UN Approve 4,000-Strong Force For South Sudan's Juba
Amid NATO Tensions, Russia And Serbia To Host Joint Military Training
Another Sarajevo? — Assassination of Ukrainian rebel leader mirrors start of World War I
Moscow, Beijing and Washington: A Complicated Triangle
West On Edge As Erdogan Meets With Putin: "Turkey's Relations With The US Are The Worst In 50 Years"
The CFR Has An Anti-Isolationist Hissy Fit——But Who Got Us Into These Endless Wars?
Christianity and the Nagasaki Bomb
Though Christianity began as a religion of peace, it soon became a cloak for genocidal violence, such as the incineration of defenseless civilians in Nagasaki, including many Japanese Christians, 71 years ago.
Iran Confirms US Cash Payment Neither Ransom Nor Bribe, But Result of Hague Tribunal Ruling

## Migrants/refugees ##
Smuggling surges in Greece as migrant frustrations grow
Germany's Migrant Rape Crisis Spirals out of Control

## Global unrest/mob rule/angry people/torches and pitchforks ##
Brazilian judge orders Olympics to allow stadium protests

## Energy/resources ##
20 Months, 90 Bankruptcies In North-American Oil & Gas
For Oil Companies $110 Billion Debt Wall Looms Over Next 5 Years
Laos' thirst for Mekong River dams imperils fishing, farming
Saving the world, one lawsuit at a time: a new disaster for Rossi's E-Cat
An Updated Version of the "Peak Oil" Story
Earth Overshoot Day 2016: Humans Have Used Up Their Yearly Supply Of Planet's Resources In Less Than 8 Months
Moroccan shale output curbed because of 'earth movement'
Decades-old $1.2B Back Bill for Iranian Oil Comes Back to Haunt Israel
Egypt announces sharp rises in electricity prices as it aims to phase out subsidies
France could become more heavily reliant on power imports during winter as of 2017
Statoil starts drilling work above Arctic Circle
Belarus under fire for 'dangerous errors' at nuclear plant

## Got food? ##
Wheat prices below breakeven point — Record-setting wheat crop adds to international glut
Thanks to fossil fuels and an unsustainable agricultural system. Remember: Glut can become a shortage in a heartbeat. -- RF
Climate change may bring more tainted shellfish to northern seas
Lake Tanganyika fisheries declining from global warming

## Environment/health ##
Medical costs forcing Australians to skip healthcare
Boats Are Killing Manatees in Record Numbers
Southern California fire grows to nearly 5K acres as crews fight for containment
Pesticides used by beekeepers may harm bees' gut microbiota
Florida is investigating apparent new case of locally transmitted Zika
"Zika Zone" Turns Into Ghost Town as Planes Spray Neurotoxic Insecticide Over Residents
Baby with Zika-linked birth defect dies in Texas
World's largest carbon producers face landmark human rights case
Drought conditions slow the growth of Douglas fir trees across the West
Michael Phelps' Cupping Method: Russian State TV Likens Ancient Healing Method To Doping
Dog Fertility Is Declining Due To Environmental Contaminants; Can Same Be Said For Humans?
Hunters May Have Wiped Out Famed Alaska Wolf Pack
Humans are Poisoning the Ocean—and It's Poisoning Us Back
Healthcare costs to continue rising for large U.S. employers
More than 60% of Maldives' coral reefs hit by bleaching

## Intelligence/security/internet/cyberwar ##
Hacker Unlocks 'High Security' Electronic Safes Without a Trace
Meet the Company That Claims to Have a Profile on Every American Adult
Android bug 'could allow hackers complete access to 900 million phones'
GPS Under Attack as Crooks, Rogue Workers Wage Electronic War
Russian Opposition Supporters Protest New Repressive Law
Kissinger hindered US effort to end mass killings in Argentina, according to files
Facebook Removes Potential Evidence of Police Brutality Too Readily, Activists Say
Health files make for a juicy target for thieves

## Propaganda/censorship ##
Russia Masses Troops on Crimea Border; Ukraine Warns Russian Invasion Possible "At Any Minute"

## Systemic breakdown/collapse/unsustainability ##
It's what I've pointed out repeatedly: The crisis is not a money problem, it's an energy problem. And here's a lengthy post by someone who understands that. No matter how much money (or its equivalent) governments throw at the problem, collapse is inevitable. The only possible way to stave off collapse would be to find some new, very dense, and high-EROI form of energy to replace fossil fuels. Renewables unfortunately do not meet this requirement. -- RF
Abandoned Olympic Venues From Around The World Or Why It's The Biggest Waste Of Money Ever
Refugee team welcomed but Olympics displace 77,000 people in Rio
TV Olympics viewership bombs
Complexity makes airline computer systems vulnerable
Along with net energy decline, complexity is another major cause of collapse. -- RF
The Hot New Thing Among Billionaires: "Panic Rooms"

## Japan ##
Japan orders its forces to destroy incoming missiles
Delta shutdown strands 1,000-plus at Narita airport
6,588 taken to hospital for heatstroke in week to Aug 7
Japan plans to search for, mine metals deep beneath the ocean
Deep-sea mining could never be profitable enough to sustain industrial civilization. This makes about as much sense as trying to harvest methane hydrates. -- RF
With no work permits, asylum seekers build Japan's roads

## China ##
China's Imports, Exports Fall Again in July
China's Great River of Steel Swells as Trade Tensions Build
The Chinese Trade Slump Continues In July—–Sharp Counterpoint To Payroll Friday
New images suggest China has built reinforced hangars on disputed islands: think tank
China suspected of hacking organizations involved in South China Sea dispute, security firm says
China Crude Imports Fall to 6-Month Low as Teapot Demand Slows
Why China Can't Solve Its Debt Problem

## UK ##
One in three families are a month's pay from losing homes, says study
Shelter finds that 37% of working families in England could not cover housing costs for more than a month in event of job loss
City of London Office Values Plunge 6% in One Month
Unions declare 'war' on train companies as they plot further strikes
Snacking and restaurant eating means Britons are eating nearly 50 per cent more than they believe
Drone reports to UK police soar 352% in a year amid urgent calls for regulation
Meet The BOE's Mark Carney——-Another Central Banker Wrecking Ball
One in five adults skip meals so they can binge drink
Hinkley Point near melt-down as French socialist party calls for freeze
Police Scotland's £21 million budget black hole 'threatens jobs'

## US ##
Surprise Natural Gas Drawdown Signals Higher Prices Ahead
The Stock Market Is Disappearing In One Giant LBO——The Wilshire 5000 is Now Down To 3607 Companies
Why The Jobs Report Is Not Nearly As Strong As You Are Being Told
Student Debt Puts a Damper on Dating After College
Surprise Natural Gas Drawdown Signals Higher Prices Ahead
US Treasury Yields Go Negative Everywhere But Here
Earnings beats are concealing bad results
Sage advice? Millennial 'Guru' Urges Millennials Living "Paycheck-To-Paycheck" To "Spend Now, Save Later"
U.S. maternal death rate rising, research statistics say
The Dirty Business of U.S. 'Think Tanks'
Chilling Thing Twitter Said about San Francisco's Office Bubble
The Daily Data Dive: Two Charts On Why Americans Are Angry About the Economy
If Our Mayors Are THIS Corrupt, What Is The Rest Of The Population Like Behind Closed Doors?
Forget worrying about Brazil's water, we have our own problems here
Millions of Americans are drinking water containing toxic levels of industrial chemicals used to make common household products, according to a new study.
U.S. productivity falls for third consecutive quarter
Social Security's looming $32 trillion shortfall
Soaring Debt Has U.S. Companies as Vulnerable to Default as 2008

## The candidates ##
Why Isn't the Media Covering Hillary Clinton's Extremely Bizarre Behavior?
Is Something Wrong With Hillary: Bizarre Behavior, Seizure Allegations Raise Doubts About Her Health
Could the Deep State Be Sabotaging Hillary?
Maybe Hillary is the Deep State's shoo-in for president. But I suspect doubts in the Deep State have advanced to active sabotage for the reasons noted below.
Historians: Clinton, Obama tied together no matter what
Clinton Bonds with Neocons as GOP Elites Launch Final Bid Against Trump
Republican Evan McMullin to launch presidential run against Trump
50 GOP officials: Trump would be 'most reckless President in American history'
Republican Sen. Susan Collins says she can't support Trump
Republican national security experts: Trump would be 'dangerous' president
'A sense of panic is rising' among Republicans over Trump, including talk of what to do if he quits
9 things to know about Jill Stein
Trump's economic speech disrupted by series of protests
Black Pastors Across America Are Breaking the Law to Help Promote Hillary Clinton
Trump suggests '2nd Amendment people' could stop Clinton
Poll: Clinton Opens Up Double-Digit Lead Over Trump
Wall Street bankers don't like Trump's policies and plans
Trump wrongly says nation is short of coal
Ex-CIA Director Who Endorsed Clinton Calls for Killing Iranians and Russians in Syria
Regardless of the election, Americans can expect less privacy
Hillary Rodham Clinton voted as Senator for the USA PATRIOT Act in 2001 and 2006, and Donald Trump has approved its renewal, saying he tends to "err on the side of security."
Hillary Clinton's Turn to McCarthyism
Hillary Clinton's campaign is engaging in over-the-top Russia-bashing and guilt-by-association tying Donald Trump to the Kremlin, a McCarthyism that previously has been used on Democrats, including Bill Clinton.
Trump wants to fix the economic mess Clinton helped make

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