Tuesday, August 02, 2016


News Links, August 3, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Late payments, runaway firms on the increase as UAE businesses' cashflow squeezed
UAE companies are struggling to make payments on time as liquidity tightens in the region, and some have even been forced to flee the country to escape debts they cannot repay, new data reveals.
European Banking System on Verge of Collapse; Market Votes "No Confidence" in Italian Bank Rescue
Global trade is not growing slower – it's not growing at all
No crisis at Deutsche Bank, really, I swear.
Italian Banks Crash Despite 'All Clear' From EU Stress Tests
Junk Bond Issuance Collapses in the US and Europe
The QE Forever Cycle Will Have A Catastrophic End
Global Earnings Tumble as Companies Dig Deeper for Savings
Corporate earnings are heading for a fifth straight quarter of declines.
We're All Hedge Funds Now, Part 4: Insurance Companies Go For "Growth"
Plunging Oil Prices Create Bad-Loan Pain For Singapore Banks
D-day for Australia's Real Estate Bubble—-Unknowable Degrees of Insanity
Australia cuts key interest rate to record-low 1.5 percent
Despite Shady Accounting, Construction Giant Suffers Rout
Fragile U.S. Economy Now Facing a Slowdown in Building Boom
July U.S. Auto Sales - The Good, The Bad, & The Downright Ugly
Silver Kangaroo Coins – Sales Surge To Over 10 Million
Fitch Sees $3.8 Trillion Of Losses For "Investment-Grade" Sovereign Bond Investors
Pope Francis: Capitalism Is 'Terrorism Against All of Humanity'

## Cut, baby, cut! ##
Industrial toolmaker Kennametal to cut 1,000 jobs, cut global costs

## War on cash/cashless society ##
Bitcoin Price Crashes After Exchange Admits Security Breach, Over $60 Million Stolen
When the grid and internet go down, cryptocurrencies go POOF! -- RF

## Airline death spiral ##
Chinese woman detained after slapping worker at duty free shop in LAX
Lufthansa profits up on lower costs; tougher times ahead
Lufthansa warns European terror creating turbulence
Angry passengers at Hong Kong airport charge at Cathay Pacific's security cordon after flight delays and cancellations

## Fault lines/flashpoints/powder kegs/military/war drums ##
International Army Games 2016: Russia, Kazakhstan Host Olympic-Style Military Drills With Over 3,000 Troops From 20 Countries
ISIS Threatens Russia, Vladimir Putin In New Video, Calls On Fighters To Kill Russians
France Urges European Union to join it in Patrolling the South China Sea
Boot camps for the mind? Pentagon aims to build super soldiers.
Russian Helicopter Shot Down in Syria, Killing All 5 Onboard
Gas Attacks Reported in Two Cities in Northern Syria
U.S. warplanes launch bombing campaign on Islamic State in Libya
U.S. Says New Bombing Campaign Against ISIS in Libya Has No "End Point at This Particular Moment"
Russian Army Receives New S-400 Air Defense Missile Systems, Navy To Get 12 Warships In 2016
Tokyo: North Korea can miniaturize nuclear weapons
US Nuclear Bomb Is Cleared For Production Engineering
Russia wins first large contract in post-sanctions Iran - Kommersant
Iran Says World Powers Must Fulfil Nuclear Deal Commitments
Past Time To Rethink NATO

## Migrants/refugees ##
Now the Blackmail: Erdogan Pressures Merkel, Demands Visa-Free Access by October
Italy says 8,300 migrants rescued in five days

## Energy/resources ##
Pioneer's Permian Oil Costs Compete With Saudi Arabia—Is That A Lie?
About that $2/bbl oil... -- RF
Depletion is real, depletion is now, and if a jellyfish stings you, you know why.
Growing Oil Glut Shows Investors There's Nowhere to Go But Down
Statoil To Sell $96 Million In US Shale Assets
The Zinc Crunch Has Finally Come
Very interesting comments on the zinc market the last few days from a major producer that says it is struggling to find projects for the metal — even as a price surge looms.
Oil analyst who called $40 crude sees lower prices
Poland Shuns Wind, Doubles Down on Coal-Reliant Future
How climate change will affect energy production and transportation
New York's "Clean" Energy Plan Props Up Dirty, Dangerous Nuclear Power
Offshore drillers less than optimistic

## Got food? ##
Rural America confronts a new class divide
Farms that once generated wealth for entire communities are now creating a new class of superfarms, which are concentrating wealth and income at the top.
Obama Signs Controversial GMO Food Label Law
Mystery GMO Wheat Found Growing in Washington State Could Affect Foreign Trade with U.S.
Japan, S.Korea block certain U.S. wheat varieties over GMO concerns : USDA
Japan's food self-sufficiency rate misses gov't target again
A Robot That Grows All The Food You Need In Your Own Backyard
I'll stick with conventional methods, but you can take your chances. -- RF

## Environment/health ##
Expert to Rio athletes: 'Don't put your head under water'
Just days ahead of the Olympic Games the waterways of Rio de Janeiro are as filthy as ever, contaminated with raw human sewage teeming with dangerous viruses and bacteria, according to a 16-month-long study commissioned by The Associated Press.
Rio Olympics Water Problems: Athletes, Tourists Warned About Pollution, Bacteria, Viruses
Rain that caused deadly Md. flood a '1-in-1,000' year event
The massive rainfall that caused a devastating flash flood in Ellicott City, Md., last weekend was a rare 1-in-1,000-year event that has been happening with unprecedented frequency in recent years, meteorologists said.
Melting Permafrost Releases Deadly, Long-Dormant Anthrax in Siberia
Financial stress accelerates the aging process more than any other kind of stress
Opioid-related insurance claims rose more than 3,000 percent 2007 to 2014 (US)
CDC issues travel warning for pregnant women in Florida over Zika threat
Sea ice responsible for rising mercury in Antarctic fish, birds
Microplastic litter surging globally: study
The planet set all kinds of crazy climate records in 2015
Energy drinks may cause abnormal heart rhythm, other complications
Multiple studies have shown the high level of caffeine in the drinks changes the way the heart beats and can cause other health problems.
Anthrax-Spewing Zombie Deer Are the Least of Your Warming Planet Worries

## Intelligence/security/internet/cyberwar ##
Amnesty Warns That Malaysian Law Gives Govt 'Abusive Powers'
Here are the latest, most damaging things in the DNC's leaked emails
How industry can help DoD with new intel policy
Apps are disrupting traditional industries — and your privacy
Whistleblower's Stunning Claim: "NSA Has All Of Hillary's Deleted Emails, It May Be The Leak"
Google and Microsoft Want Every Company to Scrutinize You with AI
Snapping up Cheap Spy Tools, Nations 'Monitoring Everyone'
Wherever you live, have a nice scrutinized and monitored day! -- RF
Malaysia introduces draconian new security law as Najib fights criticism
EU Commission Head Jean-Claude Juncker Keeps a 'Little Black Book' of People Who Betray Him
Video of the Day – An Interview with Ex-CIA Agent Robert David Steele
Turkey's Erdogan Blasts Foreign Countries Over Coup Reaction
Rio Olympics: Inside Brazil's Massive Security Operation
Suffering from email exhaustion?
Violent groups revealed on Twitter
New sentiment analysis algorithms are able to monitor the social network Twitter in search of violent groups. The system analyses both the messages these individuals share and how their relationships develop. Law enforcement authorities have already expressed interest in the tool.

## Propaganda/censorship ##
Ultra-Right Annotated Edition of Pocket Constitution Tops Amazon Charts After Khizr Khan's DNC Speech
New Cold War at the Olympics
The Western media's Russia-bashing has become epidemic, creating a dangerous dynamic as the world plunges into a new Cold War, with even sports becoming a propaganda arena.
The Democratic Convention Film on Hillary Clinton Lied to America

## Systemic breakdown/collapse/unsustainability ##
America's Roads and Bridges Are in Disrepair
And check out those numbers on public construction, which are all down, big-time. It's no wonder infrastructure just keeps falling apart. -- RF
Japan Defense Papers Raises Concerns About China, NKorea
Japan called North Korea's nuclear and missile development a "grave and imminent threat" to the region and international security, and criticized China's increasingly assertive military action as "dangerous" in its annual defense report.
And that target is a low 45%. -- RF

## UK ##
Poverty costs UK £78bn a year
But price inflation doesn't necessarily reflect all the inflation that's hidden in plain sight in smaller quantities and declining quality. We've all observed prices of consumer items remaining the same while the amount of the product we receive for our money is less than it was a few years ago.

## The candidates ##
Clinton has still not held a press conference this year.
Report: Trump has 'work to do' on grasp of energy
None of the candidates knows anything about energy. -- RF

And finally...
Those cargo shorts you love? They may be hurting your marriage

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