Sunday, February 28, 2016

 

News Links, February 29, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Markets At Risk As "Tepid, Uninspiring" G20 Proves Investor Hopes Were "Pure Fantasy"
ECB Decrees: Even Shakiest EU Banks Cannot Fail Stress Test
Global Recession Arrives: Growth Will Fall Apart
New financial crash 'certain', says former Bank of England governor Mervyn King
Another financial crisis is "certain" and will come "sooner rather than later", the former Bank of England governor has warned.
Fake $50 Notes Pour Into Australian Economy
New Development Bank hopes to approve first batch of loans next quarter
Ukraine Collapse Is Now Imminent
Venezuela puts off default by shipping tons of gold to Switzerland
'Gold is the new black' with best start to a year since 1980

## Cut, baby, cut! ##
Bank of America prepares to make investment banking job cuts
Illinois universities brace for more state budget cuts
Oil Giant Cuts Budget By 80 Percent And Suspends Fracking

## War on cash/cashless society ##
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First

## Airline death spiral ##
Boeing plans layoffs for airplane engineers
Nok Air crisis threatens Thailand's aviation industry
Aviation expert: Allegiant 'accident waiting to happen'
Dozens of Allegiant Air flights have been involved in emergency landings or diversions in recent months, brining accusations the airline is struggling to manage maintenance of its aircraft.
Brazil airline Gol to get $251 mln cash injection, trim routes
Pilot shortage sends Republic Airways into bankruptcy
Drone and passenger jet dangerously close
Stag party causes Ryanair diversion
Fresh rally against French airport plans
US Senator Wants Government to Set Airline Seat-size Rules
Bombardier Tumbles After C Series Customer Files for Bankruptcy

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia Ramps Up Military Shipments In Syria As US Shows Signs Of Backing Down
US To Assume Higher Profile in Nordic Exercises
US Government Sells $680 Million In "Bunker Buster" Bombs To ISIS-Supplier Turkey
Baghdad blast kills 70, ISIS claims responsibility
Don't Fall for Obama's $3 Billion Arms Buildup at Russia's Door
There is no Russian resurgence. Washington is playing on your Cold War fears to get you to pay for something the U.S. does not need and can't afford.
Japan, US conduct joint landing drill on US west coast
US running out of time to begin updating nukes, admiral says
Iran Elections 2016: President Hassan Rouhani's Moderate, Reformist Allies Win All Tehran Seats In Parliamentary Polls
Pakistan clashes, air raids leave 34 militants, five troops dead

## UAVs ##
Drone-mounted handgun, flamethrower reignite lawmaker debate (+ video)

## Migrants/refugees ##
Europe Refugee Crisis: Thousands Stranded In Greek Camp After New Arrival Caps In 4 Countries
Croatia caps migrant numbers as EU divisions widen
25,000th Syrian refugee lands in Canada
EU Refugee Crisis In Greece: Border Closures With Schengen Area May Cause 70,000 Asylum-Seekers To Be Stranded
Egypt migrant departures stir new concern in Europe
Germany 'threatens to close borders to refugees' to put pressure on its neighbours
Austria and Nine Balkan Countries Effectively Tell Merkel Go to Hell

## Global unrest/mob rule/angry people/torches and pitchforks ##
Rally In London Against Trident Nuclear Deterrent System Draws Thousands
Thousands march in Moscow to honor slain Kremlin critic Nemtsov
Turkish police crack down on protest against curfew in southeast
Protestors in Poland rally for democracy icon Walesa
French Farmers Destroy Government Stand, Boo Hollande At Parisian Agriculture Expo
Hundreds protest in Belarus in support of small businessmen
Salt Lake City Police Shooting Sparks Protests
Clash Of The Gods: It's Odin Versus Allah In Norway Where Social Upheaval Looms Large
Hundreds of Thousands of Al-Sadr Supporters Protest Corruption in Baghdad

## Energy/resources ##
Oil Price And Its Effect On Production
Venezuelan Crude Oil Giant Haunted By Specter Of Default
Petrobras gets $10b Chinese loan in oil supply deal
US shale oil drillers finally buckling as Opec pumps on
Upstream Debt May Put Pipelines Under Pressure
Two such companies, Sabine Oil and Quicksilver, recently filed for Chapter 11 bankruptcy protection, arguing at bankruptcy court that they need to be relieved of their contracts with pipeline operators for shipping their oil and gas from the wellhead—a move that would leave the pipelines with no income, making it nearly impossible for them to stay afloat.
German Greens soften position on utilities footing nuclear bill

## Infrastructure scavenging ##
Metal thieves in 1,200 raids on electricity substations (UK)
Metal thieves steal copper from roof of 14th century church (UK)
Cable thieves plunge M7 into darkness (South Africa)

## Got food? ##
The world's first supermarket selling only expired food has opened in Denmark
Pill-Popping Pigs Put Humans at Risk
Zimbabwe President Mugabe Celebrates Birthday With $800,000 Party Amid Drought, Food Shortages
Study: Dwindling bee, butterfly populations pose global agriculture threat
Bees, Butterflies May Go Way of the Dinosaur

## Lifestyle solutions ##
Was life better before smartphones? Don't be ridiculous

## Environment/health ##
France records first sexually transmitted case of Zika in Europe
Reports of Zika Cases Growing Quickly in U.S.
Snyder's Advisers Knew Flint Water Was Toxic
Invasion of the Bedbugs
Heatwaves and cold snaps make babies shorter and smaller, scientists find
Women who experience 'weather shocks' in pregnancy go on to have babies that are lighter and smaller a major study has found
Chemical found in babies' dummies and condoms 'probably causes cancer'

## Intelligence/security/internet/cyberwar ##
Apple's tech allies oppose the FBI, but still want your data
An FBI win over Apple could create a surveillance state
Behind FBI's Data-Access Fight with Apple (Coleen Rowley)
Energy-Efficient 'Biocomputer' Provides Viable Alternative To Quantum Computers
Record-Breaking South Korea Filibuster Runs Beyond 100 Hours
South Korean opposition lawmakers seeking to block a government-backed "anti-terrorism" bill pushed their record-breaking filibuster into a sixth straight day of speeches in the parliamentary chamber on Sunday.
Turkey turns off independent TV channel on 'terrorist' charge
Critical infrastructure is a growing cyber target
The Dangerous All Writs Act Precedent in the Apple Encryption Case

## Propaganda ##
Most US Jewish students don't see Israel as 'civilized' or a 'democracy,' Luntz tells secret anti-BDS conference
The new mind control
The internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do

## Systemic breakdown/collapse/unsustainability ##
10% of America's bridges are "structurally deficient"
How Toronto's fragile transportation system is struggling to cope
The "Limits to Growth" was right: Italy's population starts declining.
And a few days ago we also found that this holds for Japan as well. -- RF

## Japan ##
Gasp! Even With Negative Interest Rates, Japan Has No Inflation
Kuroda's NIRP Backlash - Japanese Interbank Lending Crashes
Uncertainty over negative interest and My Number may spur Japanese to stash more cash at home
Japan to supply Philippines with military equipment
Half of Japanese voters unhappy with Abenomics

## China ##
China Sponsors Mandarin Language Classes In Namibia Schools
Vampire attack: Debt-laden companies imperil China's growth
Chinese Tycoon Loses 37 Million Web Followers After Faulting Xi
Chinese accounting is 'highly questionable': Strategist

## UK ##
Trident rally is Britain's biggest anti-nuclear march in a generation
UK faces fresh spending cuts in Budget
Britain is facing a new round of spending cuts in next month's Budget, George Osborne has warned, following "new figures that show the economy is smaller than we thought".
Schools facing 'national crisis' over teacher recruitment, headteachers' leader warns
The UK is hiring kids out of high school to judge asylum claims
Sugary drinks: Tooth decay still on the rise among English children
Jeremy Corbyn cites the horrors of Hiroshima and Nagasaki as reasons to scrap Trident (video)

## US ##
Alabama Just Passed Fast-Tracked Bill Blocking Any City From Raising Minimum Wage
Alabama isn't the only state to keep cities from passing minimum wages
Dreams of Living Well in Retirement Dim for Americans
Dear Warren, Nothing Lasts Forever
With 269 Stores Closing, Is This the Beginning of the End for Wal-Mart?
More taxpayers skipping refund splurge
Study: Americans lie about credit card debt because of social stigma
Ku Klux Klan In California: Violence Erupts At KKK Rally, Four Stabbed
Get used to an America where owning a home is not part of the dream: You cannot afford a home on that income!
Disney theme parks introduce demand-based pricing, ticket price increases
Wage Slave America: NYC Offering 360 Sq Ft Apartments for $3,150 Per Month
States reduce jobless checks, adding pressure to unemployed
The U.S. States Where Recession Is Already a Reality

## The candidates ##
'Queen Of Chaos'……..Hillary Goes To War
Fear and loathing over Trump among GOP in Congress
The Donald—–The Good And Bad Of It (David Stockman)
Also tells us a lot about the sorry state of the GOP. A good read. -- RF
Clinton Promises 'Absolutely, Absolutely' Nothing to Worry About in Wall Street Speeches
NY Times To Hillary: Release Those Damn Bank Speech Transcripts
Checkered Past of Now-Defunct Trump University Comes Back to Haunt Candidate
The GOP is desperate to stop Trump, no matter what voters say
Donald Trump and libel litigation
Democrats in South Carolina Choose Hillary Clinton Over Bernie Sanders
Mexico's top diplomat calls Trump's policies 'ignorant and racist'
Two former Mexican presidents compare Donald Trump to Hitler
Hillary's Wall Street Migraine: 5 Reasons the Goldman Sachs Debacle Refuses to Go Away
Robert Reich endorses Bernie Sanders
Donald Trump on Racist Endorsement: 'I Don't Know Anything About David Duke'
In an interview Sunday morning, GOP front-runner Donald Trump would not condemn former Ku Klux Klan grand wizard David Duke's support for his presidential campaign, saying that he has no knowledge of the white supremacist leader.
Prepare for Clinton Coronation: Alleged "Dead Heat" Dies Sudden Death


Friday, February 26, 2016

 

News Links, February 27, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global Trade Is Collapsing—-Chinese Exports To Brazil Down 60% In January Y/Y; All Containerized Shipments To LatAm Down 50%
Rough seas for dry bulk shipbrokers as commissions tank
While it's a matter of life and death for the dry bulk shipowners, who are struggling to cover even their operational expenses, the current crisis is pushing shipbrokers to the edge.
Short sellers hitting energy at near-crisis levels
Short sellers are piling into energy stocks at a rate nearly equal to what banks were seeing during the financial crisis.
The $400 Billion Money-Fund Exodus With Banks in Its Crosshairs
This is why you can expect another global stock market meltdown: Stocks and other investments are wildly overvalued
Gold Defies Headwinds; Demand Surges in Last Half of 2015
Dutch Central Bank Considers To Relocate Gold Vault And Publish Gold Bar List
Saudi inflation soars to five-year high on subsidy cut
Brazil Faces Double Squeeze of Inflation and Recession
Investors, Creditors Getting Demolished by this Global Renewables Giant
Ontario cracks down on underground economy, goes after tax cheats
"Buy Gold" As "Insurance Is Warranted" – Deutsche Bank
South Korea Inc.: Deflationary pressures pose threat across industries
Bond Vigilantes Push $258 Billion of Oil Debt Past Junk

## Cut, baby, cut! ##
Halliburton to cut 5,000 jobs in new round of layoffs
Slashing Start for European Energy Sector
After closing out 2015 with a string of upstream investment reductions, the European oil and gas sector opened the year in a similar fashion, announcing numerous job and expenditure cuts and taking the steam out of various projects.
Apache Slashes 2016 Budget By More Than Half, Sees Lower Output
Oil and gas producer Apache Corp cut its 2016 capital budget by more than half on Thursday and said output would dip as it weathers a 70 percent slide in crude prices.
Caterpillar, Deere cut 170 more jobs as sales slump

## War on cash/cashless society ##
Negative Rates In The U.S. - Pt.1 Why They Are On The Table
In defense of killing the $100 bill (Washington Post)
War on cash to pump up silver, wine, art, gold
[I]f cash becomes harder to get in large size, look for money to flow to art, wine and precious metals, as investors lawful and of other stripes seek alternatives.
An Escalating War On Cash
Europe's Banknote Furor Becomes Front Line on Future of Cash

## Airline death spiral ##
Could Cheap Oil Ground Airbus?
Iceland's 'air hooligan' problem
Drunk and disorderly air passengers are such a problem in Iceland that there's even a word for them.
Airlines worry Zika may be hurting Americas travel: IATA CEO
Woman says United Airlines opened her luggage — and peed in it
Horrible people applaud as 7-year-old is removed from plane because of allergic reaction to pets
Russia Fears More Airlines to Go Bust on Plunging Demand
Chinese Tourists Start Fighting at Tokyo's Narita Airport

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, Russian Officials Close To Completing Draft UNSC Resolution Backing Syrian Ceasefire
Israel Air Defense Commander: Russians Are Not An Enemy
How US Helps Al Qaeda in Yemen
The Obama administration, eager to assuage Saudi Arabia's anger over the Iran nuclear deal and the failure to achieve "regime change" in Syria, has turned a blind eye to Riyadh's savaging of Yemen, even though that is helping Al Qaeda militants expand their territory.
Europe's leading armed forces are so hollowed out they are incapable of conducting major rapid-response operations, raising questions about NATO's overall readiness to respond to a more aggressive Russia, a study re-leased Friday by the Atlantic Council concludes.
Europe's free travel will end unless Turkey halts migrant flow, officials say
Europe's cherished free-travel zone will shut down unless Turkey acts to cut the number of migrants heading north through Greece by March 7, European Union officials said on Thursday.

## UAVs ##

## Energy/resources ##
World outside US and Canada doesn't produce more crude oil than in 2005
Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
Shale explorers will be "decimated" in coming months amid a wave of restructurings and bankruptcies, fallout from the 70 percent drop in oil prices since mid-2014.
The Allure Of Shale Is Wearing Off
Investment in U.S. shale continues to dwindle, with several large companies raising eyebrows with plans to slow drilling plans much further than expected.
Build all you can now. But renewables (i.e., real-time energy) won't save industrial civilization. -- RF
UK energy supply forecasts 'into the red' for first time next winter
Britain will be forced to rely on imports and costly emergency measures to prevent blackouts, official data suggests

## Got food? ##

## Environment/health ##
World's Carbon Budget is Only Half As Big As Thought
Climate scientists have bad news for governments, energy companies, motorists, passengers and citizens everywhere in the world: to contain global warming to the limits agreed by 195 nations in Paris last December, they will have to cut fossil fuel combustion at an even faster rate than anybody had predicted.

## Intelligence/security/internet/cyberwar ##
An attack such as this one has long been a nightmare scenario for top U.S. officials. National Security Agency and U.S. Cyber Command chief Adm. Michael Rogers has previously warned that it's not a matter of if, but when attackers will also target U.S. power systems.


The mountain of cash in Japan amounts to almost 100 trillion yen ($890 billion), equivalent to about a fifth of the size of the economy. And last year the number of 10,000-yen notes, the biggest bill, increased by 6.2 percent, the largest jump since 2002.
Panasonic to cut 50 jobs at solar ingot plant in Oregon
Panasonic Corp. will cut 50 jobs in April at a factory that makes solar ingots in Oregon amid slowing demand for photovoltaic panels in Japan.


## UK ##
Britain heading for power cuts next winter, say 60 local authorities
A group representing 60 local authorities has warned that recent closures of large power stations have left Britain heading for power cuts next winter, despite assurances to the contrary from the government.
Austerity: George Osborne set to double down on spending cuts in Budget
Chancellor talks of likely 'further reductions in spending' forced on him by deterioration in global economic outlook

## US ##
For 2015, the government reports $3.2 trillion in total assets... Curiously, the single biggest line item amongst these listed assets is the $1.2 trillion in student loans that are owed to the government by the young people of America.
Subprime Auto Loan Delinquencies Jump to Highest Level Since 2010
Remember: It's not a recession, but another leg down in a continuing collapse. -- RF
Turner: Sustaining Force Posture Could Require Over $1 Billion
Sustaining the current force posture for the Army and Marine Corps would likely require over $1 billion, Rep. Mike Turner, the chairman of the House Armed Services Tactical Air and Land Forces subcommittee, said.
Now It's Even Worse Than it Was When Lehman Collapsed, But It's "Contained"
The pile of toxic corporate bonds in the US, euphemistically called "distressed" debt, ballooned 15% in the single month of February to $327.8 billion, up 265% from a year ago, according to S&P Capital IQ. The number of S&P rated US companies with distressed debt rose 9% in February to 353, up 128% from a year ago.

## The candidates ##


Thursday, February 25, 2016

 

News Links, February 25, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Negative interest rates are a calamitous misadventure
Negative Rates and the Coming Crash
When Currency Pegs Break, Global Dominoes Fall
Signs of Mortgage Meltdown in Australia
Australia's Monumental Housing Bubble——–In the Grip of Insanity
After Messy Price War, OPEC Gets the Blues, Can't Figure Out How "to Live Together" with US Shale Oil
South Korea's shrinking Feb exports a worrying sign of global slowdown
Central Banks Hit The Wall—-Push Into Negative Rates Means They Are Done
Sovereign Wealth Funds May Sell Half Trillion In Stocks This Year
Biggest Banks' Commodity Revenue Hits Lowest in Over Decade
Kaesong Industrial Complex Shutdown Spells Severe Losses For South Korean Firms Involved In Operations
Saudi Arabia struggles with cheap oil
Oil may push banks to boost reserves
35% Of Public Oil Companies Could Face Bankruptcy
Brexit Panic Sets In
Foreign central banks dump cash at U.S. Federal Reserve
China, Japan and other overseas central banks are leaving more of their dollars with the U.S. Federal Reserve as they have liquidated their U.S. Treasuries holdings to raise cash in an effort to stabilize their currencies, government data show.
Negative Rates and the Coming Crash
Singapore Lawyers Warn of 1998-Like Pain as Debt Defaults Spread
Google robot is 'the end of manual labor': VC
Until the blackouts come. -- RF
IMF seeks contingency plans for vulnerable global economy
Lacy Hunt: Secular Low in Long-Term Treasury Bond Yields Remains Ahead
18 Bucks for a Gallon of Milk…This is What a Currency Collapse Looks Like
The milk price is Canada, not Venezuela. -- RF
Jim Rogers Warns "Governments Plan Is To Destroy The People Who Save"
Brazil Cut To Junk By All Three Ratings Agencies After Moody's Joins The Fray
Earn interest on your gold? Canadian bullion dealer offers new monetization scheme

## Cut, baby, cut! ##
Almost 50% more Swiss companies opt for job cuts in 2015
Caterpillar combining two divisions, analysts see more job cuts
Encana Corp to cut 20% of workforce, slash dividend, as it gears up for global cost-cutting fight

## War on cash/cashless society ##
PayPal is warming back up to tap-and-pay technology, and you have Apple to thank for it
The Latest Shot Fired in the War on Cash
Setting up a system in which bankers can keep all the profits on their good trades while tapping taxpayers to bail them out of all their bad trades is not enough for them. They want more.
The Wait Is Finally Over - Samsung Pay Is Coming To Singapore

## Airline death spiral ##
'Skeleton' Designed Airline Seats Aim To Create Comfort For Passengers
Major airlines are set to launch a below-economy class
New England Company Has A Solution To Airlines Being Targeted By Laser Beams
Israeli ultra-Orthodox Passenger Causes Disturbance on El Al Flight Over 'Immodest' Movie
Cranberries Singer Fined Over Air Rage Incident
Pilot shortage forces airline scalebacks, guarantees jobs for aspiring aviators
U.S. airlines jack up fares for third time in 2016

## Fault lines/flashpoints/powder kegs/military/war drums ##
China deploys fighter jets to disputed South China Sea Island: US officials
Pacific Command chief urges new capabilities as tensions mount with China
Does US-Russia Deal in Syria Spell End of 'Assad Must Go' Policy?
Vladimir Putin takes personal charge of Syria ceasefire effort
US War Against ISIS: Contractors In Iraq Increase Amid Anti-Islamic State Fight
ISIS Fighters In Afghanistan Switch Allegiances To Kabul Government And Join Peace Process
French special forces assisting anti-Isis efforts in Libya, say sources
Russia gives a gift of 10,000 automatic rifles to Afghanistan
U.S. to boost freedom of navigation moves in South China Sea: admiral
Iran elections: 'Death to England' chanted at Tehran protest against alleged 'British plot'
Those who haven't forgotten history won't dismiss Iranian distrust so easily. -- RF
Hollywood stars urged to reject free Oscar goodie bag trip to Israel
Australia unveils 'massive' increase in defense spending
Abe snubs Obama over Russia visit
Prime Minister Shinzo Abe has snubbed an appeal by U.S. President Barack Obama, who asked that he not visit Russia in May, sources close to Japan-Russia relations said Tuesday.
Sailors' union seeks to scuttle ministry's private-sector military contingency plan (Japan)
The Defense Ministry is at loggerheads with the All Japan Seamen's Union over its plan to use licensed sailors as reserves in the Maritime Self-Defense Force for military contingencies.

## UAVs ##
Unregistered drone users may face jail time
FAA considers allowing drones to fly more over people
Gov't carries out first drone test to deliver food in rural areas (Japan)
FAA Successfully Tests New Drone-Detecting Tech At Airport
High-energy laser weapons target UAVs
DARPA developing truly autonomous commercial UAV quadcopters that go 45 mph with no communication to operator and no GPS

## Migrants/refugees ##
2016 Refugee Level is Eight Times the Rate Witnessed During Same Period Last Year
Austria, Balkan nations, want full stop to migrant influx
Where the dead don't count in Europe's migration crisis
Norway Warns Sweden Will Collapse, PM Will Defy Geneva Convention To Protect Border

## Global unrest/mob rule/angry people/torches and pitchforks ##
Diet surrounded by 28,000 as synchronized protests in Japan rip Futenma base move in Okinawa
'Ghost protest' held in Seoul against curbs on public meetings

## Energy/resources ##
Scotland and Norway: Oil Industry Graveyard (photos; URL of original Norwegian article)
Shell folds U.S. shale resources unit, says U.S. head to leave
Royal Dutch Shell (RDSa.L) said on Wednesday it will fold into other operations a unit dedicated to developing so-called unconventional resources, a term used by the industry to describe shale oil and gas, and that the unit's director and U.S. head Marvin Odum would leave the company.
The article doesn't say anything about the energy balance of the process. To be useful in sustaining industrial civilization, the resulting fuel must yield considerably more energy than the inputs. -- RF
The Morning Ledger: Tough Times for Energy Debt
The specter of corporate-bond defaults is rising in the energy sector. Tumbling oil prices have triggered a selloff in energy-sector debt, with about 44% of investment-grade bonds of oil-and-gas firms trading at junk levels as of Feb. 11.
U.S. banks to cut credit lines for energy firms: JP Morgan
Cash-strapped energy firms are coming under increasing pressure from U.S. bank lenders and, on average, could see a 15 percent to 20 percent cut in their credit lines, the head of JP Morgan's (JPM.N) commercial bank told investors on Tuesday.
## Got food? ##
South Africa to ease some GM crop rules to avert food crisis
South Africa will relax some of its tough rules on genetically modified crops so it can ramp up maize imports from the United States and Mexico to avert a potential food crisis amid a severe drought, officials said.
The Mars candy bar recall is anything but fun-sized…and it just got worse
Kicking up a stink: Malaysia durian farmers demand mining clampdown
Malaysian farmers of the famously pungent durian fruit are calling for tighter regulations on mining they say is destroying arable land and tainting the water they need to churn out their yellow, spiky-shelled crop.
So much for the slow food revolution. -- RF

## Environment/health ##

## Intelligence/security/internet/cyberwar ##

## Systemic breakdown/collapse/unsustainability ##
Ford recalls 51,470 Transit wagons for seat belt defect
Renewed meltdown controversy threatens hoped-for reactor restart
Tokyo Electric Power's so-called discovery, nearly five years after the fact, that it in fact had a manual for identifying meltdown at Fukushima Daiichi casts further doubt on the utility's credibility as it tries to restart its workhorse nuclear power plant.
Japan eyes treating bitcoins the same as real money
Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy.
My guess is that this would be one of the first steps in the war on cash. -- RF
The figure for fiscal 2015, including enrollment fees and tuitions for the educational institutions as well as cram schools, was up ¥200,000 from the preceding year, an increase that is a blow to parents at a time when wages are not growing substantially.

## China ##
Pauline Cafferkey: As Ebola nurse returns to hospital, scientists' fears about virus living on in tissue are confirmed
Ebola can stay buried in survivors' tissue meaning that its effects could continue long after people have apparently recovered, experts have said. And while there is no reason to worry about a return of the virus in the UK, its persistence could be a way that it will flare back up again.
Chart Of The Day: Subprime Auto Delinquencies Surging Higher
Struggling coal companies must face their cleanup costs: U.S. official
The ailing coal industry must face the costs of cleaning up spent mines even as companies get pushed toward bankruptcy, the U.S. Interior Secretary said on Tuesday.
Student debt apocalypse: Median wages up 1.6% over last 25 years while median student debt is up 163.8%.
Nuclear Administration Head Warns of Coming Infrastructure Bills
"We have a very old structures, many building go back to the early days of the Cold War, go back to the Manhattan Project and need to be either replaced or significant work done to reduce the deferred maintenance."
From high to low end, the consumer's in hiding
Philadelphia's pension crisis

## The candidates ##
Hillary just got the five most powerful endorsements of her campaign
Hillary Clinton and Henry Kissinger: It's Personal. Very Personal.
What the Pundits Don't Get About Trump (a good read)
The Real Bernie—-Keynesian On Steroids
Donald Trump wins Nevada caucuses in resounding victory over Rubio and Cruz
Donald Trump Scores First Congressional Endorsements: US Representatives Back Republican Front-Runner
Muslims Should Be Executed With Bullets Dipped In "Pig's Blood," Trump Says
"It's the corruption, stupid": Hillary's too compromised to see what Donald Trump understands
Say what you want about Trump — demagogue, bigot, cretin, madman, whatever —but he has skillfully tapped into the dislike and distrust of the general populace for the standard politicos. -- RF
Poll Shows Almost 20 Percent of Trump Supporters Disapprove of Lincoln Freeing the Slaves
Julian Assange Explains Why Voting for Hillary Clinton Will 'Spread Terrorism'

And finally...
Now's your chance to own some of Imelda Marcos' ill-gotten bling
Claw machine master grabs over 3,000 dolls in six months, arcade owners beg him to stop (China)


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