Saturday, 17 January 2015

Headlines - 01/16/2015

## Global Ponzi meltdown/House of Cards ##
Target will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the company billions in write downs.
Debt laden Fortescue Metals Group, the world's fourth largest iron ore miner by production volume, is coming under growing market scrutiny amid slowing economic growth in China, the biggest importer of the commodity.

## Airline Death Spiral ##

## Fault lines/flashpoints/powder kegs/military/war drums ##

## Global unrest/mob rule/angry people/torches and pitchforks ##

## Energy/resources ##
Given the potential for financial losses triggered by oil's price collapse to cascade into the financial sector at large, the Fed may well be forced to intervene either directly or indirectly.
Independent energy firm Tullow Oil revealed Thursday that it would cut its exploration budget to just $200 million this year after spending approximately $1 billion on exploration activities in 2014.

## Got food? ##

## Environment/health ##
Humans are ‘eating away at our own life support systems’ at a rate unseen in the past 10,000 years, two new research papers say

## Intelligence/propaganda/security/internet/cyberwar ##
The outrageous whitewash issued yesterday by the CIA panel John Brennan hand-picked to lead the investigation into his agency’s spying on Senate staffers is being taken seriously by the elite Washington media, which is solemnly reporting that officials have been “cleared” of any “wrongdoing.”
Millions of citizens of one of the bloodiest empires known to man – the French colonial state – this weekend pretended to be the most enlightened, yet maligned, people on earth. “The convenient selective amnesia of the French people is as stunning as their sense of feeling more aggrieved than anyone else in the world.” Tell that to the Haitians, Libyans, Algerians, Vietnamese and the peoples still dominated by France in sub-Saharan African.

## Systemic breakdown/collapse/unsustainability ##
Nina Olson, the taxpayer advocate at the IRS, doesn't mince words about how bad the upcoming tax season is likely to be. The terms "devastating erosion of taxpayer service," "sad state of affairs" and "collective denial" all apply, she wrote in her latest annual report to Congress.

## Japan ##

## China ##

## UK ##
The number of oil wells drilled in the British part of the North Sea fell to the lowest level in 15 years last year, data showed on Thursday, underlining the basin's struggle with high exploration costs that have contributed to a decline in output.
Hundreds of thousands of applicants for emergency financial help turned away by councils says Centre for Responsible Credit

## US ##
A 20-year-old Ohio man's Twitter posts sympathizing with Islamic terrorists led to an undercover FBI operation and the man's arrest on charges that he plotted to blow up the U.S. Capitol and kill government officials.

And finally...

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