Posts
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Global Ponzi meltdown/House of Cards ##
Major
Chinese consumer electronics maker Haier Group plans to cut
10,000 jobs, or about 14% of its 70,000-strong workforce, by the
end of this year, it was learned on Monday.
Cut,
baby, cut! -- RF
We're
definitely going to get a "new world economic order." It's
just not the one everybody is hoping for. -- RF
Argentina's
president is refusing to go along with a U.S. judge's
ruling requiring a $1.5 billion repayment of defaulted bonds,
even though the U.S. Supreme Court rejected her
government's appeals and left the order in place.
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Airline Death Spiral ##
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Fault lines/flashpoints/powder kegs/military/war drums ##
The
Islamic State of Iraq and Syria (ISIS), now threatening Baghdad,
was funded for years by wealthy donors in Kuwait, Qatar,
and Saudi Arabia, three U.S. allies that have dual agendas in
the war on terror.
Islamic
militants Tuesday attacked areas in central Baqouba, a city just
30 miles northeast of Iraq's capital Baghdad, but were pushed
back by security forces and tribal fighters.
Despite
the Obama Administration considering direct security talks
with Iran on the worsening situation in Iraq, the Pentagon insists
that there will be no coordinated military action with
Iran.
Report
says China held 250 warheads, India between 90 and 110, Pakistan
between 100 and 120 and Israel 80 at the beginning of 2014
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Energy/resources ##
What
we'll run out of is affordable
oil. -- RF
BP
will sign a deal worth around $20 billion on Tuesday to supply
China National Offshore Oil Corporation (CNOOC) with liquefied
natural gas (LNG), Chief Executive Bob Dudley said at a
conference in Moscow.
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Got food? ##
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Environment/health ##
Four
years after the Deepwater Horizon oil spill, marine researchers
are finding that the waters and shores of the Gulf of Mexico have
not recovered as well as many may have thought. Oil in the form
of “sand patties” continues to wash up along the coast,
and an abundant breed of one fish exposed to the oil is showing
signs of swimming impairment.
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Intelligence/propaganda/security/internet/cyberwar ##
A
growing number of companies are under pressure to protect sensitive
data — and not just from hackers lurking outside the digital walls.
They're also looking to protect it from insiders — employees
who may want to swipe information such as customer bank
account numbers or electronic medical records.
AT&T
confirmed attackers have compromised the security of a number of
its Mobility wireless unit members. Outside attackers, allegedly
employees of one of AT&T's service providers, stole personal
information including Social Security numbers and call records.
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Systemic breakdown/collapse/unsustainability ##
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Japan ##
Japan’s
government is considering changing the law so public pension
payments fall every year relative to consumer prices, regardless
of whether prices go up or down — possibly the boldest measure
yet to get mounting pension spending under control.
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China ##
The
Chinese corporate bond market has overtaken the United States as
the world's biggest and is set to soak up a third of global
company debt needs over the next five years, according to rating
agency Standard & Poor's, underscoring the growing risk
China's debt market is imposing on the global financial system.
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UK ##
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US ##
A Detroit agency
replaces 100 broken street lights each day using borrowed money in
a plan to brighten neighborhoods where darkness breeds crime
and fear.
And
finally...
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