Posts
##
Global Ponzi meltdown/House of Cards ##
##
Airline Death Spiral ##
##
Fault lines/flashpoints/powder kegs/military/war drums ##
Moscow
promises to retaliate after Ukrainian MPs approve bill to
abandon non-aligned status
French
prime ministers says up to 300 soldiers would be deployed
around the country over Christmas to ensure security
##
Global unrest/mob rule/angry people/torches and pitchforks ##
##
Energy/resources ##
The
problem with financializing a critical sector of the economy is
the financialization process transforms it into a systemic
risk. The trajectory of every financialized sector is
the same: debt and leverage are piled ever higher on a base
of collateral that eventually collapses as heightened risk
becomes the Monster Id of a crowded trade.
Aberdeen’s
City Council is calling for a summit of government, business and
labor leaders to search for ways to ease the severe challenges
that low prices are posing to Britain’s North Sea oil industry.
Billionaire Harold
Hamm, whose early adoption of shale drilling in North
Dakota helped usher in a U.S. energy renaissance,
plans to cut spending by 41 percent at his company after the
plunge in oil prices.
It
is has now been confirmed. The first measured 24 hour production
from Bakken wells is a very good predictor of the future production
of that well. And it has also been confirmed that new wells with
higher well numbers are producing a lot less.
So
do I. Already oil production is beginning to collapse. That's going
to continue for a decade? -- RF
A.
P. Moller-Maersk's Maersk Oil unit would have to close some
sites and cut operating costs if the oil price remains at its
current level, the group's CEO said in an interview in Danish
daily Politiken on Tuesday.
As
you can see, they are not waiting for $20/bbl oil. -- RF
Ukraine
temporarily cut off power supplies to Crimea on Wednesday after
the Russian-controlled peninsula failed to curb consumption as
required due to a power crisis, the Ukrainian energy ministry
said.
##
Lifestyle Solutions ##
##
Environment/health ##
A
University of Iowa scientist has been sanctioned for launching work
on the deadly MERS virus without school approval and
outside of the proper laboratory setting.
##
Intelligence/propaganda/security/internet/cyberwar ##
Cybersecurity
experts say that targets in a cyberwar wouldn't be Hollywood
studios but instead the nation's critical infrastructure, which
is already under attack by hackers trying to infiltrate,
study, and potentially cripple US utilities.
##
Systemic breakdown/collapse/unsustainability ##
The
government has ordered a cut of nearly 20 percent in its
2014/15 healthcare budget due to fiscal strains, putting at
risk key disease control initiatives in a country whose public
spending on health is already among the lowest in the
world.
##
Japan ##
The
better to keep track of people and their assets and transactions.
Watch as still more people shift to safe deposit boxes and stuffing
their mattresses (or "bureau-drawer deposits," as they are
known in Japan). The Japanese love to have cash on hand, and there is
already a staggering amount of cash stashed away in Japanese homes
and offices. This will no doubt further push the shift of assets to
banknotes and gold. -- RF
In
filing its application, KEPCO, Japan’s most nuclear-reliant utility
that provides power to the country’s second
biggest metropolitan area, said that its corporate survival
was “at risk.”
##
China ##
China
is exposed like a sore thumb as countries devalue on all sides,
from Russia, to Japan, Indonesia and Malaysia
##
UK ##
Hundreds
of thousands of pensioners are receiving care at home which is
so brief that they have to choose between eating or being
taken to the lavatory.
National
Housing Federation says 31% of households – and 41% with children –
have struggled to pay rent at least once
Britain's
railways will come to an almost complete stop on Christmas
Day while many lines will remain closed for longer as vital
engineering work is carried out
##
US ##
After absorbing
a $346 million budget cut, IRS officials are warning taxpayers
not to expect their phone calls to get answered or their refunds
to be delivered quickly. Employees shouldn’t count on overtime pay,
or for empty staff slots to be filled. And lawmakers seeking
to reduce the deficit should assume the agency will collect far
less revenue than it could have.
And
finally...
No comments:
Post a Comment
Note: only a member of this blog may post a comment.