Tuesday, October 11, 2011

 

News Links, October 12, 2011

## Global economic meltdown ##
Dexia and Proton: the First of the Coming Wave of European Bank Failures
Greece to get loan, Trichet says crisis systemic
European Central Bank President Warns Europe Is Screwed
Greek debt haircut seen exceeding 60 percent
Cost of Alcohol and Tobacco Soar in Greece
Floods Force Auto Makers in Thailand to Halt Production
"Thailand's auto exporters are being hit by supply-chain disruptions following the worst flooding the country has seen in nearly half a century.
"The Southeast Asian nation is a major production and export hub for global auto makers, including Toyota Motor Co., Ford Motor Co. and Honda Motor Co., and all three have now shut their plants in the country."
Emirates NBD taking over troubled Dubai Bank
Slovakia Rejects Expanded Eurozone Bailout Fund
How Bankrupt Governments Will Confiscate Your Gold
Expensive Loans, Fuel to Dent India's Car Sales Growth
Foreign Central Banks Selling US Treasuries at Unprecendented Levels

## Fault lines/flashpoints/military ##
U.S. Says Iran Sponsored Plot to Murder Saudi Ambassador
Iran rejects U.S. allegations of Saudi envoy plot
US Ties Iran to Assassination Plot in FBI Sting
"The media was quick to describe the news as 'an Iranian terrorist plot,' but the case appears to be another FBI sting operation and perhaps entrapment of a disgruntled citizen. Asked whether the plot was even known about by the top echelons of the Iranian government, Holder said the Justice Department was not making that accusation."
Saudi king to undergo operation: report
"Saudi King Abdullah, who underwent surgery last year for back-related problems, will undergo an operation in the coming days, Saudi Arabia's state news agency reported on Tuesday."
Israel 'to legalize outposts on private Palestinian land'
Afghanistan opium production set to rise 61%: UN
India's Kerala state two-child policy sparks anger
Iraq says it's asked for 5,000 U.S. trainers, awaits reply
"Muqtada al Sadr, the leader of an influential bloc whose backing allowed Maliki to form a government after the last elections, made certain that his opposition to the American presence was clear in a posting on the Sadr bloc's website.
"'I do not approve of the continued presence of any of the occupiers; not the military, not the bases, trainers, embassy, militias (contractors) or anything else American,' he wrote. 'If my finger were American, I would cut it off.'"
Kenya struggling to contain spillover of Somalia's violence
Greece may Run Out of Gas in 3 Days in Refinery Strikes; Garbage Piles Up in Street of Athens
China and Vietnam sign agreement to cool sea dispute
Italy ropes in military to guard ships against pirates
"Italy is to station military forces on its merchant vessels to guard against attacks by Somali pirates, shipping sources said on Tuesday, the day after another of its ships was attacked off the anarchic east African country."

## Global unrest/mob rule/angry people ##
Occupy Wall Street... mansions
"Community groups and progressive organizations that have been working with the broader Occupy Wall Street movement marched on Tuesday to the homes of JP Morgan Chase (JPM, Fortune 500) CEO Jamie Dimon, billionaire David Koch, hedge fund honcho John Paulson, Howard Milstein, and News Corp (NWSA, Fortune 500) CEO Rupert Murdoch."
Occupy Wall Street: 100 arrests at Boston protest
Occupy DC protesters arrested after unfurling banners in Senate building
Demonstrators 'Flash Mob' at Capitol; Six Arrested
Scenes from the 'Occupy' Protests (Slide show)
Maruti: Plant Still Occupied by Striking Workers (India)
"Maruti Suzuki India Ltd., the country's largest car maker by sales, said Tuesday its factory in Manesar in northern India's Haryana state remains idle as about 1,500 workers are still laying siege to the facility."
Mob supremacy: Egyptians attack UAE offices in Cairo
Nuclear fears reawaken mass anger (Japan)
Kuwait warns strikers as labour unrest stalls key oil exports
"Kuwait is warning that it could recruit outside workers to confront a wave of labour unrest that has spread to affect the country's critical oil exports.
"The official Kuwait News Agency said Tuesday that a special crisis team was formed and would take 'all necessary measures' to keep key industries running, including bringing in workers from outside the Gulf nation."

## Energy/resources ##
Turkey wants Egypt's gas to bypass Israel
Acute power shortage in UP due to coal supply shortfalls (India)
No relief from long power cuts for Delhi
Power crisis looms in West Bengal as utilities run out of cash for coal
Fuel shortage cuts wings of Russian airlines
Energy Crises And Riots In Pakistan – Analysis
Israel's IEC 2012 coal consumption expected to rise amid gas shortage
Petrobras CEO: Global Oil Demand To Grow Faster Than GDP
China Coal Price Rises as Qinhuangdao Stockpiles Plunge 25%

## Infrastructure scavenging ##
B.C. government moving to put a vise on metal recyclers over safety and loss (Canada)

## Got food? ##
Food insecurity growing, U.N. finds
"Food prices are expected to soar substantially with energy tied closer to agriculture and extreme weather events becoming more common, a U.N. report found."
Holy Peter Pan! Peanut butter prices are going up

## Environment/health ##
Rise of the Jellyfish
New Zealand oil spill 'worst maritime disaster'
De-Plasticize Your Life: 3 Harmful Plastics to Avoid
Thyroid cancer in Chernobyl

## Intelligence/security/internet/systemic breakdown ##
RSA Blames Breach on Two Hacker Clans Working for Unnamed Government
BlackBerry users continue to suffer as company fails to resolve technical problems
Fearing Damage, Microsoft Moved Data After Japan Earthquake

## Japan ##
Energy Imports Weaken Japan's Current Account
"Japan's current-account surplus fell by more than half in August due to its greater reliance on expensive oil and gas imports to keep electricity flowing after the Fukushima Daiichi nuclear accident and the export-sapping effect of the yen's record strength."
Edano urges Saudi Arabia to stabilize global oil market
"Japanese Economy, Trade and Industry Minister Yukio Edano met with Saudi Arabian Oil Minister Ali al-Nuaimi on Monday in Riyadh to urge the oil-producing country to continue working to stabilize the global oil market."
Residents near Fukushima mountains face nuclear recontamination every rainfall
"As the crisis at the Fukushima No. 1 Nuclear Plant drags on, worries are growing particularly among Fukushima Prefecture residents over drawn-out and in some cases apparently futile nuclear decontamination operations."
Amateur protesters in the forefront of anti-nuclear demonstrations
National power-saving campaign heading into winter

## China ##
Chinese City Eases Property Curbs
"Foshan in south China's Guangdong province Tuesday became the nation's first city to announce an easing of its curbs on the property market amid mounting concerns that the once-red-hot real-estate sector is in trouble."
Chanos Says Chinese Lenders 'Deteriorating' as Government Purchases Shares

## UK ##
Quarter of homes seen in fuel poverty by 2015
Fuel poverty could affect one million Scottish homes
UK seeing a big rise in poverty, says IFS

## US ##
Congress urged to level-fund heating aid
"Officials from Connecticut and an organization of Northeastern states put pressure on Congress on Friday to fund the federal home heating assistance program at least as much as it did last year, predicting dire consequences if deep cuts are enacted."
Heating oil supplies snug as winter nears, prices climb
"The pressure is on in the US heating oil market as physical and futures prices climb amid a tightness in supply that is being punctuated by the possible loss of some 690,000 b/d of US Atlantic Coast refining capacity."
Dr. Doom's Research Firm Reportedly Losing Millions, Up For Sale
Senate Passes China Currency Legislation Bill 63-35
Millions to lose unemployment benefits if Congress doesn't act
N.Y. faces 10,000 Wall St. cuts through 2012

And finally... Spanish Bank Manager Caught Robbing His Own Bank While Wearing Fake Moustache And Wig




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