Short Course on Overproduction 4: News Roundup By S. Artesian

17 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

Short Course on Overproduction 4: News Roundup

From the Financial Times, 15 January 2016:

Rio Tinto freezes wages as metal prices plummet
Conserving cash is a business imperative says CEO.
Metal prices at 2005 levels.
“This situation is not temporary,”  Rio Tinto CEO Sam Walsh.

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Short Course in Overproduction 3 By S. Artesian

16 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

Short Course in Overproduction 3

From the Financial Times, Thursday 14 January, 2016:

Delayed oil projects near $400 billion

Energy groups have shelved nearly $400 bn of spending on new oil and gas projects since the crude price collapse, pushing back millions of barrels a day in future  output from areas including the Gulf of Mexico, Africa and Kazakhstan.

In an authoritative study published today, the energy consultancy Wood Mackenzie says development of 68 significant projects, or 27 bn barrels of oil equivalent reserves, has been put back as companies scramble to curtail costs and protect dividend payouts.

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New at Strategic Culture Foundation 10-16 January 2016

16 January 2016 — Strategic Culture Foundation

Storm Warning for Merkel

16.01.2016 | 08:00 | Dmitriy SEDOV

It is difficult to avoid the impression that the «sexual terror» that took place on New Year in Cologne and a number of other German cities was organised by somebody very clever. Regardless of how much the «terror» was actually «sexual», the whole of Germany reacted to the incident extremely excitedly and the focus of the protests seemed to be directed against Merkel…

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Short Course in Overproduction 2 By S. Artesian

14 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

Short Course in Overproduction 2

Faltering Asset Sales Drive Vale to Borrow

Brazilian mining giant Vale SA said Tuesday it would borrow $3 billion in emergency financing, a sign of distress from the world’s largest iron ore producer.

Vale said the revolving credit line would “increase liquidity and bridge potential cash flow needs.”  It didn’t disclose the interest rate it received, and said another $2 billion was available

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Media Lens: ‘Our Only Fear Was That He Might Pull His Punches’ – BBC Caught Manipulating The News

13 January 2016 — Media Lens

‘Our Only Fear Was That He Might Pull His Punches’ – BBC Caught Manipulating The News

Nobody with a questioning mind seriously expects impartiality from BBC News. Certainly not anyone who has followed its reporting on the National Health Service, Scottish independence, Labour leader Jeremy Corbyn or a myriad of other important issues.

While some may believe that the corporation’s failure to provide fair and balanced journalism is a relatively recent phenomenon, many others will recognise that it stretches back many decades: coverage of the West’s destruction of Libya in 2011; the invasions of Afghanistan in 2001 and Iraq in 2003; Nato’s war on the former Yugoslavia in 1999; genocidal UN sanctions against Iraq in the 1990s; the Persian Gulf War in 1990-91; the miners’ strike in 1984-85; the Falklands War in 1982; and on and on.

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“TOTAL TERRORISM SOLUTION” AT EUROPEAN PARLIAMENT

12 January 2016 — YesLab

 “TOTAL TERRORISM SOLUTION” AT EUROPEAN PARLIAMENT

Hoax highlights failures of military approaches to terrorism

Yes LabToday in the European Parliament in Brussels, a “defense and security consultant” (actually Andy Bichlbaum of the Yes Men, working together with Greek MEP Stelios Kouloglou) presented an “industrial solution to terrorism” which—unlike all other military and security solutions—is guaranteed to actually work.

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Video: Junior doctors on the picket line

12 January 2016 — The People’s Assembly Against Austerity

Today, for the first time in 40 years, junior doctors have been forced to take strike action over new contracts the Government want to impose which will leave doctors working longer hours for less money.

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People’s Assembly: We must support the Junior Doctors’ Strike

11 January 2016 — The People’s Assembly Against Austerity

The Junior Doctors will commence their first day of Industrial Action tomorrow. The BMA has stated “it is clear that the government is still not taking junior doctors’ concerns seriously… repeatedly dragged its feet throughout this process, initially rejecting our offer of talks and failing to make significant movement during negotiations.”

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Category: Health, UK | LEAVE A COMMENT

COLDTYPE Issue 110 January 2016 – is now on line

11 January 2016 — Coldtype

COLDTYPE Issue 110 January 2016 – is now on line

Download and read it – free of charge at www.coldtype.net

Do your newspaper front-page photographs tell the truth about what’s happening in the world? Probably not, according to David Shields, who, in our cover story, looks at more than 4,500 front pages of the New York Times and explains why he’s no longer a reader. In other main stories this month, George Monbiot is angered by the inevitability of the floods that have ravaged British cities, Frida Berrigan despairs at the effect of school lockdown on her son, Dell Franklin meets the girl who talked too much, Conn Hallinan hands out awards for stupidity, and William Blum finds something good to say about Donald Trump. Plus much more good stuff . . .

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Essential reading on the Paris climate agreement by John Foran

11 January 2016 — Climate & Capitalism

Essential reading on the Paris climate agreement by John Foran

The first draft of history: An annotated guide to thirty-four of the best articles on the COP21 Paris Agreement on climate change.

John Foran is professor of sociology and environmental studies at the University of California, Santa Barbara. He is a co-founder of the Climate Justice Project  and is member of System Change Not Climate Change, the Green Party of California, and 350.org.

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This is the Modern World, and… By S. Artesian

10 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

This is the Modern World, and…

What kind of fool do you think I am? —The Jam, 1977
He’s back and he’s at it again.  He being Yanis Varoufakis, former finance minister of Greece, current member of Syriza (as far as I can tell), once upon a time dead lock cinch for the role as Dos Equis’ most interesting man in the world.

New at Strategic Culture Foundation 3-9 January 2015

9 January 2015 — Strategic Culture Foundation

America’s Subservience to Saud Family

09.01.2016 | 00:00 | Eric ZUESSE

The Saud royal family are by far the world’s largest buyers of US weapons. The King of Saudi Arabia is by far the world’s richest person, with a net worth well over a trillion dollars; and, when his (Aramco’s) 260 billion barrels of oil reserves were valued at $100 per barrel, his net worth was over $15 trillion. The King has total control over the world’s largest (in terms of dollar-value) company: Aramco. Since 1980, the Saudi government has owned 100% of it; the Saudi government is totally under the King’s exclusive control…

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‘If We Don’t Look at the Larger Structural Issues, We Can’t Begin to Solve the Problem’

9 January 2015 — FAIR

‘If We Don’t Look at the Larger Structural Issues, We Can’t Begin to Solve the Problem’

The December 25, 2015, CounterSpin reprised three interviews dealing with the issues highlighted by the Black Lives Matter movement. This is a lightly edited transcript of those interviews.

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Category: Audio, Media | LEAVE A COMMENT

Paris climate terror could endure for generations By Patrick Bond

8 January 2015 — Pambazuka

Paris climate terror could endure for generations By Patrick Bond

Paris witnessed both explicit terrorism by religious extremists on November 13 and, a month later, implicit terrorism by carbon addicts negotiating a world treaty that guarantees catastrophic climate change. The first incident left more than 130 people dead in just one evening’s mayhem; the second lasted a fortnight but over the next century can be expected to kill hundreds of millions, especially in Africa. Continue reading this...