Thursday, September 22, 2011


News Links, September 23, 2011

## Global economic meltdown ##
Global Meltdown: Investors Are Dumping Nearly Everything
Global Stocks Enter Bear Market
Asia Bloodbath Follows US Selloff on Wednesday; Europe Bloodbath Follows Asia Bloodbath; US Futures Red for Thursday
David Cameron: global economy is close to 'staring down the barrel'
Warnings mount on euro crisis, BRICS mull more aid
Europe Mulls Increasing Rescue Fund Firepower
Greece on Edge of Biggest Insolvency 24 Centuries After First City Default
Private sector slowdown heightens recession fears
"Data from China showed once-booming manufacturing contracted for a third consecutive month, suggesting the world's No. 2 economy may not be able to provide much of a counterweight to slowdowns in Western economies."
Hidden Losses, Lack of Liquidity at Spanish Banks; No Bidders for State Owned CAM
Dow Jones Industrial Average Closes Down Nearly 390 Points
Soros: US Is Already in Double-Dip Recession
Anyone — including Soros — who thinks this next leg down on the crash of industrial civilization is a "double dip" is way behind the curve. -- RF
Lloyd's of London Pulls Deposits From Banks on Debt Crisis
Eurozone business shrinks for first time in two years
Abu Dhabi feels pinch of $500bn development plan
Keep in mind that all this glitz is pasted together with debt. -- RF
EL-ERIAN WARNS: 'These Are All The Signs Of An Institutional Run On French Banks'
Australia stocks extend loss, with resources down

## Fault lines/flashpoints/military ##
Sparks fly as U.S. and Pakistan spar over Afghan bloodshed
Nine killed in renewed violence in Yemen
Arab fury at Obama UN speech
"Barack Obama's standing in the Arab world plumbed new depths as protesters in the West Bank denounced his vehement denunciation of the Palestinian statehood bid."
U.S. to build new massive prison in Bagram
Japan, Russia agree to deal calmly with isle issue
"Foreign Minister Koichiro Genba and his Russian counterpart, Sergei Lavrov, agreed Wednesday that Tokyo and Moscow will address their territorial dispute off Hokkaido 'in a calm atmosphere,' a Foreign Ministry official said."
Calm, until Russia makes its move. And Japan will not be in a position to resist. -- RF
Iran: Turkey's NATO Radar to Protect Arch-Foe
Sadr: Maliki Building a New Dictatorship
Bangladesh strike over fuel price hike paralyzes daily life

## Global unrest/mob rule/angry people ##
Three car bombs kill six in Russia's Dagestan
New Greece austerity move prompts strikes and protests
Public transport grinds to halt in Greek capital
Kuwaitis rally against 'bribed and briber'
Thousands riot in south China over land grab -report
"Thousands of people have attacked government buildings in southern China in protest at land sales, a newspaper reported on Friday, the latest outbreak of trouble in the economic powerhouse of Guangdong."
Violent unrest has swept Europe and the Middle East. Is America next?

## Energy/resources ##
Libyan oil needs two years to recover
US Military Struggles to Find Helium for Spy Blimp Surge
Helium shortage puts a pinch on party balloons
Asia to Raise October West African Crude Imports to 48 Cargoes
Crumbling coal demand signals slowing Asian economy
Power shortage goes up in State (India)
Power Outage Causes NJ Transit, Amtrak Delays, Strands Riders for 2 Hours
The Peak Oil Crisis: The German Army Report (Tom Whipple)

## Infrastructure scavenging ##
Telkom outlines cable theft strategy

## Got food? ##
Hot trucks may deliver spoiled food (MSNBC video)
MUST SEE video. Again and again I have warned that the cold chain will break down. In this video we see that refrigeration units on food trucks are turned off to save fuel, or just do not work. This important link in the cold chain is already breaking down. -- RF

## Environment/health ##
CIA Says Global-Warming Intelligence Is 'Classified'

## Intelligence/security/internet/systemic breakdown ##
From the man who discovered Stuxnet, dire warnings one year later
Japan Servers, PC found tied to S. Korea cyberstrike
U.S. Intel Software Crashes During Korea Exercise
"Intelligence software that the U.S. would rely on in a war with North Korea froze up repeatedly during a joint military exercise in South Korea in August, hampering the ability of U.S. and South Korean commanders to watch the movements of simulated enemy forces, a senior intelligence official said."

## Japan ##
How Long Can Japan Play The Endgame?
Obviously not much longer. It's clear that the northeast will never be rebuilt after the earthquake/tsunami disaster. Add to that the Fukushima catastrophe and the added burden of recent typhoon damage. A sustainable debt level was passed years ago. -- RF
McDonald's Japan To Close Hundreds Of Small Outlets
Kansai Elec, 5 Other Utilities Plan Joint Fuel Purchases
"The growing number of nuclear power plants being idled for regular inspections is forcing the companies to increase their use of fossil-fuel-burning power plants. By teaming up, they hope to trim costs."
Many major manufacturers shopping for parts overseas
Heavy rains slam Japan / Commuters stranded as landslides, flooding create chaos
Land prices take hit from March 11, N-crisis / Annual government survey illustrates disastrous events' impact on real estate values nationwide
Japan reports possessing 30 tons of plutonium
Japan to see average temperatures this winter -JMA

## China ##
Greentown China shares plunge on regulatory worry
China risks hard landing as global woes spread (Ambrose Evans-Pritchard)
"China's carefully-managed soft landing is turning harder by the day, threatening to deflate the torrid credit bubble of the past three years."

## UK ##
Mass strike ballots will go ahead, say unions
FTSE 100 in biggest fall since 2008
Street lights across Wales switched off to save money

## US ##
Investors watch $500 billion slip away in one day
Billboard Signals of Collapse (Financial Sense)
"The billboard signals of extreme crisis are overwhelming. Three years of near 0% with no recovery. A full year of ample USTreasury and mortgage bond monetization with no recovery. Tons of cash aid deliveries to the big US banks with no recovery. Some key corporate nationalizations with no recovery. Oodles of errant stimulus programs with no recovery. Some important misdirection in home loan aid initiatives with no recovery."
The incredible shrinking auto boom
Great Recession yields a lost generation of workers
Market's 3 percent fall suggests deepening worry
The Fed Disappointed... The Great Collapse is Here
Initial Claims Miss Consensus, Prior Bad Data Amplified, 103,000 Unemployed Fall Off Extended Benefits
UAW Facing Financial Reckoning
Mullen: Cuts Could Hurt Industrial Base
Fukushima Fallout in California Waters: A Threat?
Welcome to the Suburban Depression
Congress Can't Compromise: Government May Shut Down Over Funding For FEMA
Utilities feel pinched by growing home foreclosures
The more energy conserved, the better, right? Actually, no. A certain level of consumption is needed just to keep the system from caving in. -- RF
Size Matters: Smaller Homes Signal Declining Social Mood
Moody's downgrades big banks on changed policy
"Moody's Investors Service lowered debt ratings for Bank of America Corp, Citigroup Inc and Wells Fargo & Co on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders."
A rough 10 years for the middle class
Third Biggest Weekly DJIA Drop In History
Credit card debt on the rise, again
Facing Teacher Shortage, Schools Pack Students in Study Halls

And finally... Man attempting to live off wife's breast milk

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