Winter Storm Juno: Northeast Blizzard Is Latest In Rising Number Of Extreme Weather Events Taking Economic Toll
Junk-Bond Bubble Implodes Beyond Energy, Deals Scuttled, Yields Soar, Suddenly “Insufficient Demand”
Get those Cubans using credit cards! Because we need a continuous stream of new people to feed the Ponzi economy, one of the first things to do when "opening" a country (er, market) is to start getting people into debt. Remember, the economy grows by expanding debt, so this is absolutely essential to prop up the system. -- RF
The Central Banks’ Cheap Money Deflation Cycle: Iron Ore Supply Soaring, China Demand Faltering, Prices and Profits Collapsing
Swiss Franc Yield Curve Negative for 12 Years; Bond Crash - Austrian Bank Raiffeisen; Another One Bites the Dust
## Airline Death Spiral ##
Airline complaints to the US Department of Transportation rose 30 percent over the past five years, according to an analysis by a consumer advocacy group.
## Fault lines/flashpoints/powder kegs/military/war drums ##
The Ukrainian parliament passed a vote on Tuesday officially declaring Russia as an aggressor state and naming the self-proclaimed Donetsk and Luhansk People’s Republics as terrorist organizations.
Email From US Special Forces Veteran; 500 US Blackwater Mercenaries in Ukraine? US Backs Ukrainian Neo-Nazis
## Global unrest/mob rule/angry people/torches and pitchforks ##
## Energy/resources ##
Oil and gas investors are bracing themselves for more bad news as Canadian energy companies kick-off their fourth quarter earnings this week.
Spending in the Bakken play in North Dakota will drop by 18 percent in the weakened oil price market, U.S. energy company Hess Corp. announced.
## Got food? ##
Costlier food hits low-income families harder (Singapore)
Don’t read this before lunch. Diners are finding cockroaches, flies and human hair in their food, and complaints are piling up.
## Environment/health ##
The harvesting of wood to meet the heating and cooking demands for billions of people worldwide has less of an impact on global forest loss and carbon dioxide (CO2) emissions than previously believed, according to a new Yale-led study.
Rationing, supply problems and reservoirs at high-alert levels are already a reality in five of Brazil's 10 major metropolitan areas: Belo Horizonte, Campinas, Recife, Rio and São Paulo.
## Intelligence/propaganda/security/internet/cyberwar ##
Social media sites, including Facebook and Instagram, suffered an outage on Tuesday morning around the world, with both desktop and mobile sites affected.
## Systemic breakdown/collapse/unsustainability ##
Almost 200 million people in East Asia moved to urban areas in the decade to 2010, the World Bank said Monday, creating a massive challenge to the region’s planners.
As the Middle Class Evaporates, Global Oligarchs Plan Their Escape from the Impoverished Pleb Masses
## Japan ##
Abenomics On The Ropes: Nothing Good On The Trade Front And Still More Excuses On “Recovery” Timetable
For decades government policy, which favors the urban industrial economy, has impoverished the countryside and kept it on life support with porkbarrel make-work construction projects. Now suddenly it's time for the countryside to shape up or die. Not that Japan had any real choice if it wanted to participate fully in the globalized economy. The countryside was sacrificed on the altar of global capitalism. -- RF
The number of complaints about foreign substances found in food bought at stores or served at restaurants has mounted to 16,094 in nearly six years since fiscal 2009, the National Consumer Affairs Center of Japan said Monday.
## China ##
Beijing To Kick Out Or Close 300 Companies As City Population Soars To 21.5 Million; Scores Of Markets To Be Closed
## UK ##
## US ##
Many people no doubt feel they can no longer afford to gamble, even with $2. Another reason might be disillusionment that it's a winner-take-all system, just like American politics. -- RF
The BLS’ Skunk-In-The-Woodpile: 67% Of New Jobs Since 2009 Due To Birth-Death Model, But US Business Formation Rate Is Now Negative!
The TSA Wants To Read Your Facebook Posts And Check Out Your Purchases Before It Will Approve You For PreCheck
For a few years now, the TSA has been selling travelers' civil liberties back to them, most recently for $85 a head, but it's now making a serious push to increase participation.
Once running, the plant will be the largest of its kind in the Western Hemisphere. It will lessen the local water authority’s dependence on water imported from other regions — but at a starting price that is twice the rate the authority now pays for drinking water.
US Dollar losing an enormous amount of purchasing power since 1938.