Wednesday, October 12, 2011


News Links, October 13, 2011

## Global economic meltdown ##
Spanish bank ratings downgraded by S and P, Fitch
Spain health service chokes as austerity tightens
Greek Deficit Widens 15% January-September
Emerging Markets Growth Stalls in Third Quarter: HSBC
Big Trouble Brewing (Chris Martenson)
Thai Floods Roil Supply Chains
Market Slumps After European Banks Admit They Can't/Won't Raise Capital; Will Proceed With Asset Liquidations Instead
Gold Eclipses Cocaine as Drug Lords Follow Billionaires in Mining Colombia

## Fault lines/flashpoints/military ##
Japan sends two destroyers to Gulf of Aden
NATO is now based on global security partnership due to Libya operation -official
"NATO has evolved from an Alliance focused on a singular threat, to an Alliance based on security partnership between the 28 members and the rest of the world, thanks to the military intervention in Libya, a senior NATO official said here."
Wave of bombs hits Baghdad police, 17 dead
U.S. aims to punish Iran for Saudi envoy plot
"The Obama administration plans to leverage charges that Iran plotted to assassinate Saudi Arabia's ambassador to the United States into a new global campaign to isolate the Islamic republic."
US Treasury imposes sanctions on Iran's Mahan Air

## Global unrest/mob rule/angry people ##
Greek tax inspectors to strike, protests spread
Put A Fork In It: Greece Effectively Shuts Down As Finance Ministry To Begin 9 Day Strike
Occupy San Francisco protesters try to occupy Wells Fargo Bank
Occupy Wall Street: Student-Loan Debt Among Top Concerns
Occupy Wall Street Protesters Target JPMorgan Chase
Chicago hosts Mortgage Bankers Association, protests bring spotlight on housing
Buckle Up: America Is Getting Very Angry And The Protests Are Going To Become Much More Frightening
Is necklacing returning to South Africa?
Horseback mob attacks Kyrgyz mining camp

## Energy/resources ##
Many districts battle blackouts, crop failure looms (India)
"In rural areas, power is not available for eight to ten hours and farmers, who have to irrigate their fields, are a worried lot."
US NRC urged to act quickly on lessons from Fukushima accident
Chinese Reveal Size of Copper Inventory
India,Vietnam join hands for oil exploration in S China Sea
"New Delhi, Oct 12 (PTI) Unfazed by Chinese objections, India and Vietnam today inked an agreement to promote oil exploration in South China Sea."
The Peak Oil Crisis: Contagion (Tom Whipple)
Finnish nuclear reactor delayed further until 2014
OPEC crude oil output drops to 30 mbpd in September
Fuel shortage resurfaces in Malawi's major cities

## Got food? ##
Floods In Pakistan Damage 3.7 Percent Of Total Crop Area: FAO
Thai flooding buoys rice and sugar prices
"Rice prices hit a three-year high in Vietnam, and recovered from a two-month low in Chicago, as fears grew for damage in Thailand from the worst floods in 50 years, which threaten sugar output too."
Robots on the Farm
Industrial wet dream. -- RF
Packers to pay record price for California raisins
Young would-be farmers have a tough row to hoe (US)
Facing Planetary Enemy No. 1: Agriculture
Make that "industrial agriculture." -- RF
Peanut shortage sending peanut butter prices up

## Environment/health ##
BP: Spill off Scotland could be worst ever
"Oil giant BP believes a worst-case oil spill nearly a mile below the Atlantic off Scotland would dwarf the U.S. Gulf oil spill, internal documents indicate."
Thai Flood Crisis to Stretch Into Fourth Month

## Intelligence/security/internet/systemic breakdown ##
End of the line for Pakistan's rail system?
No fuel, no money, no locomotives... but nobody should be laughing. The tsunami of systemic breakdown is traveling around the globe at a steadily increasing speed and height. Batten down your hatches. -- RF
NYTimes Sues The Federal Government For Refusing To Reveal Its Secret Interpretation Of The PATRIOT Act
VeriSign demands website takedown powers: No court order necessary
How the US government secretly reads your email
German officials admit using spyware on citizens, as Big Brother scandal grows
FBI head: Terror plot read like movie script
Well? -- RF
Iranian Terror Plot: Fake, Fake, Fake
Questions abound over Iran "plot" to kill Saudi envoy (Reuters)
Used-car salesman as Iran proxy? Why assassination plot doesn't add up for experts. (CSM)
You Should Hope the Crazy Iranian Bomb Plot Is True (Danger Room)
"The wild story put out by the Justice Department about an Iranian assassination plot smells suspiciously like something passed through a bull's digestive tract."
Unauthorized access hits Sony PlayStation accounts
"Sony said Wednesday intruders staged a massive attempt to access user accounts on its PlayStation Network and other online entertainment services in the second major attack on its flagship gaming site this year."
More Than 93,000 Sony Customers Affected in New Breach
BlackBerry Services Hit By More Disruption
"BlackBerry users around the world experienced further disruptions in service Wednesday, the third consecutive day of problems that have now spread further into Asia."
Blackberry problems spread to US
Reuters Hit by Currencies Outage
"An outage at currency dealing systems owned by Thomson Reuters Corp. Wednesday created disruption in the foreign-exchange markets and contributed to moves seen in major currency pairs during the European session, traders said."
More Holes Emerge in FBI's Anthrax Case

## Japan ##
Reporter's Notebook: After Fukushima, Japan Faces Costly Options
"All but 10 of Japan's 54 nuclear reactors are now off-line."
Honda Mulls Sourcing Parts From Japan for Thai, India Production
Japanese welfare rolls grow
"More Japanese were added to welfare rolls in June, with the total rising to 2,041,592 -- up 10,005 from May -- the government said Wednesday."
Radioactive strontium found on Yokohama condo rooftop
Small radiation hotspot found in Tokyo's Setagaya Ward
"Officials said Wednesday they have found a small area in Tokyo's Setagaya Ward with higher levels of radiation than evacuation zones around the Fukushima nuclear plant."
Estimated 13,000 square km eligible for decontamination
50 viruses found in MHI computers
Missile info leak suspected in MHI cyber-attacks
Ministry eyes 70 as pension eligibility age
Japan Mayor Wants Reactor Near Tokyo Decommissioned

## China ##
Credit Suisse Buries China's Banks
China's Stocks Rise Most in Year on Increased Government Support Prospects
What If the China Bubble Bursts?
China sees Wenzhou lending crisis snowball
China cities may defy Beijing on housing policy

## UK ##
UK unemployment total reaches 17-year high
Rise in Scottish jobless figures
"Unemployment in Scotland rose by 7,000 over the past quarter, according to new official figures."
Unemployment jumps with more young Welsh out of work
Pension Shortfall Nearly Doubles in September
Study estimates 3 million British children in poverty by 2013

## US ##
Harrisburg, Pa., Votes to File for Bankruptcy
America's commutes start earlier and last longer
This is insane... and unsustainable. -- RF
Job losses send disability claims soaring
Wall Street jobs: 4,100 lost, 10,000 more at risk
Kirk report diagnoses Illinois' 'unsustainable' debt
Welfare Soars in Ritzy Suburbs
100 Abandoned Houses tell the story of today's Detroit (includes slide show)
You Know That Your City Has Become A Hellhole When….
The 65 Year Debt Bubble and a New Financial System (Gail Tverberg)
Amid weak economy, fewer people are having babies
The twin bubbles of housing and higher education
Retail Stock Exodus Continues: Fund Equity Outflows Continue For 23rd Out Of 24 Consecutive Weeks
Unprecedented Drop in Port Traffic: A Sobering Omen for Holiday Sales or Should we Listen to Analysts?

And finally... Luxury Chinese Boat Launches, Sinks Immediately

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