Sunday, 18 January 2015

Headlines - 01/17/2015

## Global Ponzi meltdown/House of Cards ##
Tanking oil prices make deflation a real threat
Schlumberger Limited (SLB) Q4 Profit Plunges 82%, Company To Slash 9K Jobs Due To Tumbling Oil Prices
FXCM gets $300 million bailout from Leucadia after Swiss franc shocker
Swiss franc shock shuts some FX brokers; regulators move in
Iran to set budget on $40/barrel price
Russia Abandons PetroDollar By Opening Reserve Fund

## Fault lines/flashpoints/powder kegs/military/war drums ##
Suspected terrorist cells raided as Europe moves against threat

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests against police violence shut down S.F. BART stations (US)
Protesters, police clash at Sao Paulo bus fare demo
Sao Paulo protesters clashed with police Friday who used tear gas and sound bombs to disperse crowds, as thousands rallied against Brazil's latest round of bus fare hikes.
Acute fuel shortage fires up masses’ fury
Massive protests were held as various parts of the country including Azad Kashmir experienced acute scarcity of petrol, diesel and CNG for the third consecutive day on Friday following the failure of the Pakistan State Oil (PSO) in maintaining the supply of the commodity.

## Energy/resources ##
U.S. Faces Wave of Premature Nuclear Retirements
The nuclear renaissance has turned into a nuclear retirement party.
Low Oil Prices Compounding Problems At Petrobras
Schlumberger latest casualty of oil price decline
Arabian Gulf headed for future of gas imports as consumption surges
A near doubling of gas demand in the Middle East and North Africa by 2035 could eat into exports and turn some countries in the region into net importers, the secretary general of the Doha-based Gas Exporting Countries Forum said yesterday.

## Infrastructure scavenging ##
Sercomtel sees cable theft more than double in 2014
Brazilian regional operator Sercomtel recorded 149 instances of telephone cable theft in 2014, which is an increase of 122 percent compared to 2013, when the company suffered 67 thefts.
Yes, you ARE paying more for food (US)

## Environment/health ##
France’s Wavy Line on ‘Free Speech’
Though called a “satirical” magazine, Charlie Hebdo was really more “scatological,” obsessed with depicting the naked derrieres of political and religious figures often bent over in humiliating postures, especially Prophet Mohammed, a willful provocation that reflected more bigotry than free speech.

## Systemic breakdown/collapse/unsustainability ##
Where have our dreams gone? The death of Western literature
March of the Squirrels (The Archdruid Report)
The fact remains that in the absence of subsidies from fossil fuels, renewables won’t support the absurdly extravagant energy consumption that props up what passes for an ordinary middle class lifestyle in the industrial world these days.
One example of how healthcare systems around the world are collapsing. -- RF
Experts: Japan Budget Boost Still Won't Meet Goals
While Japan's newly unveiled defense budget represents the third small hike in a row after decades of low spending, experts say such spending remains insufficient to fund Tokyo's plans for "dynamic defense forces."

## China ##
Macau Sex Ring Bust Shows China Expanding Crackdown on Graft
44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.

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