Thursday, September 22, 2016


News Links, September 23, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
UN fears third leg of the global financial crisis, with epic debt defaults
EU Banks May Need Rescue Funds Equaling Twice ECB Capital
Central banks have been net gold buyers every year since economic collapse: report
Suriname Slides Into Economic Abyss, in Shadow of Venezuela
Mexican Peso Plunges against Dollar, in Toxic Cocktail of Forces
Why Canadians Are Being Offered Cash to Abandon Their Homes
Germany's Schaeuble says zero interest rates make no sense to him
The Central Bank of Russia Adds 700,000 Ounces of Gold To Reserves in August
Storage cost argument against gold now applies to cash
"Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt
OECD sees growth flounder as globalization stalls
OECD Warns Fed, BOJ, ECB of Asset Bubbles, "Risks to Financial Stability," Pinpoints US Stocks & Real Estate
Automation: This is Why the Job Market Stinks, but No One is Talking about it
Get ready for the mother of all stock market corrections once central banks cease their money printing
The Old Wall Street Trader Is Dead, Algo's Now Rule The Day
The Collectible Car Market Is Getting the Air Kicked Out of its Tires

## Cut, baby, cut! ##
Ericsson plans to stop manufacturing in Sweden, cutting 3,000 jobs: media

## Airline death spiral ##
Airline stocks lose altitude after terror attacks
Airline crew mistakenly warns of hijacking ... twice
Airline Passenger Bangs on Cockpit Door, Diverts D/FW-Bound Flight
Airline industry boasts record profits, but UN warns of persistent threats
The good news: more and more people are travelling by air, and airlines are seeing profits increase. The bad news: terrorists view airports and air travel as attractive targets for death and destruction.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iran 'Determined' to Boost Military After US-Israel Deal
When Russia Called to Get US to Stop Syria Strike, US Official Wasn't There
White House: Russia to Blame Even If They Didn't Attack Aid Convoy
Syrian Civil War: Russia Accuses US Drone Of Bombing UN Aid Convoy
Syria Conflict: Airstrike Kills More Aid Workers As UN Announces It Will Resume Relief Services
Russia Deploys Flagship Aircraft Carrier To Syria Coast
Assad Blames US for Collapse of Syria Truce
Dunford confirms Islamic State fired mustard agent at US troops
North Korea Nuclear Testing: South Korea, US Prepare For Attack
Predator drones surpass 4 million flight hours
Video Shows American Soldiers Posing As "Rebels," "Fleeing" Jihadists in Syria
Senate Approves Sale Of $1.15 Billion In Weapons To Saudi Arabia
Taiwan Constructs Anti-Aircraft Defenses on Taiping Island in the South China Sea
Pakistan's Sharif Says World Ignores South Asia Tensions At Its Peril
Nuclear War Reaction 'Plan': South Korea Could Invade North And Kill Kim Jong Un
Pentagon considers additional 500 troops for Iraq
27 U.S. Senators Rebel Against Arming Saudi Arabia
Obama Promises to Shield Saudis on 9/11
In Election, Russians Rallied Around Putin

## Migrants/refugees ##
Why Are There So Many Refugees In 2016? Facts About The Global Crisis And How You Can Help
'Unmanageable' situations at Greek hotspots, regional governor says
Wealthy countries further cannibalise development budgets to host refugees
Great Wall Of Calais: Work begins on barrier to stop migrants
Hungarian Inmates Working Around the Clock on Border Fence
Dozens Killed After Migrant Boat Capsizes off Egyptian Coast
Calais refugee children abandoning plans to reach UK

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests Erupt After Police Seeking Suspect Kill a Different Man in Charlotte, N.C.
Violent clashes in South Africa over student fees
Thousands protest in Brussels against US, Canada trade deals
Congo President Calls for Calm After Bloody Street Clashes
Charlotte Protests Over Keith Scott Shooting Descend Into Chaos for 2nd Night
Violent Protests Flare for Second Night in Charlotte (photos)
Guns Sell Out In Charlotte As Local Police Refuses To Release Shooting Video
U.S., Canada aboriginal tribes form alliance to stop oil pipelines

## Energy/resources ##
Oil Industry No Longer Discovering Oil, Only Growing Through M&A
Long Term Consequences Of The Oil Price Crash
The World Energy Investment study released by the IEA on September 14 confirmed what analysts have been prophesying for months: the current decline in oil-and-gas investment is the biggest one in half a century. The current bout of low prices has gotten so deep and remained there for so long that capital investment in new projects, and hence new production, has taken a major hit.
EU's ex-Soviet nuclear reactors' decommissioning over-budget and behind schedule
Still another example of the impending nuclear-power disaster to be unleashed on the world. Too cheap to meter! -- RF
Did The World's Biggest Oil Company Boost Its Reserves Artificially?
Puerto Rico Hit With Widespread Blackouts After Lines Go Down
Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power
Nigeria Sues Oil Majors Over $12.7 Billion In 'Stolen Oil'
Is This The End Of The Road For Indonesian Oil?
Why Oil Prices Can't Stay Low For Much Longer
Total says to cut costs by a further $1 bln

## Got food? ##
Promises Unmet as Thailand Tries to Reform Shrimp Industry
Blue Bell announces ice cream recall for possible listeria contamination
Bakers Unite As Increasing Number Of Poor Greeks Can't Even Afford A Loaf Of Bread
The Great Depression diet: Spicy was out and bland was in

## Environment/health ##
Tardigrade Protein: Water Bears Provide Clue To Prevent Radiation Damage To Human DNA
Smoking Leaves Permanent 'Footprint' On Human DNA, Study Finds
Study: Wearable technology may not help you lose weight
Mexico police raid sawmills near monarch butterfly refuge
Exxon agrees to pay $12 million for Yellowstone River spill
Nestle can keep piping water from national forest, despite outdated permit
The decision is a major blow for environmental groups that sued to stop Nestle from siphoning water out of public lands then sell it back to the public as bottled water.
Mylan CEO infuriates lawmakers at hearing on EpiPen costs
Pesticide Companies' Own Secret Tests Showed Their Products Harm Bees: Report
The Solidarity Grows: Over 1,200 Historians, Archaeologists, Museum Directors Denounce DAPL
Evidence of well water contamination in Eagle Ford Shale region
US military stresses climate security risks

## Intelligence/security/internet/cyberwar ##
Researchers: Canadian Firm Helping Bahrain Censor the Web
You Won't Believe All the Personal Data Facebook Has Collected on You
White House Contractor's Leaked Email Reveals Secret Service Plans, Michelle Obama Passport
Yahoo Says 'State-Sponsored Actor' Hacked 500M Accounts
YouTube announces crowdsourced censorship
US Govt Just Legalized Operation Mockingbird — FBI Can Now Impersonate the Media
Oversight Committee votes to hold Clinton IT aide in contempt of Congress
'Array of Things' collects facial biometrics and license plates images

## Propaganda/censorship ##
WPost Wants a Bigger War in Syria
The neocon Washington Post wants an even bigger U.S. military intervention in Syria, ignoring the tenets of international law and assuming that more bombing will somehow make things better.

## Systemic breakdown/collapse/unsustainability ##
Violence-plagued Chicago plans to hire nearly 1,000 more cops
The Three Stages of Empire
Rolling Blackouts Cause Panic Among Top Cities Affected by Power Outages: Study
NYPD fields more suspicious package calls
'Suspicious' duffel bag outside L.A. federal building prompts bomb squad, street closures
Novel envisions American economic apocalypse
Haven't read this, but I can see from the article that the author definitely got some things wrong. For example, no wall would be built along the Mexico-US border because neither country would have the money to do it. Hardly anyone would be left living in New York (or any other cities) because all public services would collapse, so the idea of the family living in an apartment is unrealistic — there wouldn't be any water, electricity, or sewer service, thereby rendering apartment buildings uninhabitable. Of course there will be an economic apocalypse, so this might be a good primer for people who haven't given the matter any thought. -- RF
Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America
Why the Coming Wave of Defaults Will Be Devastating
Without the stimulus of ever-rising credit, the global economy craters in a self-reinforcing cycle of defaults, deleveraging and collapsing debt-based consumption.
But don't look for a recovery and lots of new growth after the bust. Net energy decline will continue to constrain economic activity to an increasing degree, and guarantees a downhill economic slide for a long time to come. -- RF

## Japan ##
Target Zero a "Commitment to be Irresponsible": Latest Insanity from Bank of Japan
Signs Are Building That the BOJ Is Reaching Its 'Endgame'
Abe: Japan's shrinking population not burden but incentive
Prime Minister Shinzo Abe said Japan's aging, shrinking population was not a burden, but an incentive to boost productivity through innovations like robots, wireless sensors and Artificial Intelligence.
My crystal ball sees a lot of bitter disappointment ahead. -- RF
Japan to scrap troubled ¥1 trillion Monju fast-breeder reactor
US fighter crashes off Okinawa
Abe meets Iranian president in New York
Cows in Fukushima radiation zone find new purpose: science
Japan's New Framework of Hyperinflationary Failure
A conduit to China, Japan dodges pressure to ban ivory sales

## China ##
Fitch reveals the $2trillion black hole in China's economy that heralds a lost decade
Metals Producer Is China's First State-Owned Company To Liquidate In Bankruptcy
China's coal output drops 10.2%
Postal Bank IPO to be the world's biggest
Nanjing land lottery a first for China's soaring property market
China's surging private debt sparking concern
Top China steel mills to merge amid excess capacity
Just do it: Chinese city tells cadres to set example and have second child
China opens first national gene bank, aiming to house hundreds of millions of samples
New $100 million traffic overpass in Zhengzhou increases congestion instead of reducing it

## UK ##
Councils 'building up dangerous levels of debt and risk by investing in commercial ventures'
MI6 chief warns Isil terror threat will last a lifetime as agency hires 1,000 more spies
NHS out-of-hours services being run without a single doctor with some turning to refugee medics to plug GP shortage
Sadiq Khan: London mayor says terror attacks 'part and parcel' of living in a major city
Young Britons living in 'suspended adulthood', research finds
Of 4,000 18 to 30 year-olds, the No Country for Young Women study found that 43% of those polled still live at home and a quarter had to move back in with their parents because they couldn't afford to live independently. As much as 56% of them said they would consider moving abroad for work.

## US ##
Fed's National Activity Indicator Average In Contraction For 19th Month - Worst Non-Recessionary Streak In 49 Years
Daily Data Dive: What Housing Recovery? SF Starts Still 15% Below 1991 Recession Level
Report: 'Erin Brockovich' toxin chromium-6 found in drinking water
More than 200 million Americans drink water containing potentially dangerous amounts of a carcinogen made famous by environmental activist Erin Brockovich, according to a report released this week.
Recession Watch: US Freight Drops to Worst Level since 2010, "Excess of Capacity" Crushes Rates
Gallup CEO says middle class is disappearing
'Dangerous' trendline of banks getting too big to manage, Sen. Vitter says
Amount hoarded overseas by U.S. companies hits new record in 2015
Video Shows Terence Crutcher Was Not Reaching Into Car When Shot, Lawyer Says
Looking for a New Home? The Average Cost of a Loan Just Hit a Three-Month High
New Report Proves What We Already Knew – The U.S. Economy Sucks
Chelsea Bombing Suspect Investigated By FBI Two Years Ago, Turned In By Father
The Obama Legacy: It's No Crime For Corporations To Steal From the Public, or the Poor
Wage gap between white and black Americans is worse today than in 1979
The Daily Data Dive: Another Way of Looking at Household Income Shows Virtually No Gain
How The "Birther" Story Was Birthed By Clinton Aide, Sidney Blumenthal—Chapter And Verse
Tulsa officer who fatally shot Terence Crutcher charged with first-degree manslaughter
America Is Not the Greatest Country on Earth. It's No. 28
In Dramatic Twist, Wells Fargo Said To Retaliate, Fire Whistleblowers Who Exposed Bank's Illegal Practices
Charlotte Police Chief Refuses to Release Dashcam Video of Officer Killing Keith Scott

## The candidates ##
Wall Street Goes "All In" for Hillary Clinton
Troops prefer Trump and even Johnson over Clinton: New poll
Trump praises controversial 'stop-and-frisk' police tactic
The Clinton Foundation Is Reportedly Laying Off Dozens of People
US-EU Trade War Looms (Don't Just Blame Trump); Spotlight on Hillary's Global "Trade Prosecutor"
If you think Hillary scores better than Trump on trade issues, you are mistaken. They are equally bad.
Trump praises 'stop-and-frisk' police tactic
Clinton's eyes — a window into her health issues
Dangerous Denial of Global Warming
Direct and indirect dangers from global warming are so grave that the issue should be near the top of the U.S. campaign agenda, instead of being downplayed or denied.

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