Saturday, October 29, 2011


News Links, October 30, 2011

## Global economic meltdown ##
China: No Pushover for Euro-Zone Rescue
Treaty of Debt - An Eye Opening Video on the ESM Bailout Mechanism
Portugal Is Next: Improverished PIIG Demands US Assistance, Debt "Haircut" To Come Next
The US Paper Dump Continues: Norway's Sovereign Wealth Fund Sells All Of Its US MBS Exposure
Thailand Flooding Supply Chain Breakdown
"Supply Chain Digital looks at the automotive, electronics and retail supply chain constraints caused by the 2011 Thailand Floods"
Thai floods disrupt Indian auto firms' ops
$12,000,000 worth of Hondas Left Floating in Water
Australian Airline Qantas Grounds Entire Fleet due to Strike
Air France cancels flights as five-day strike hits
Kuwait office rents drop 50% from peak, says Global
UAE banks to face tough 2012 as lending plummets
"Financial institutions across the emirates will see a surge in non-performing loans and find fewer opportunities for growth while finance to real estate and retail customers remains subdued."
Can the Chinese Save Saab?

## Fault lines/flashpoints/military ##
Upping the ante: Saudi prince backs cleric's bounty offer for Israeli soldier
"A member of the Saudi royal family has pledged $900,000 to a bounty offered by a prominent cleric to any Palestinian who kidnaps an Israeli soldier, according to comments aired on a private TV station Saturday."
Israel, Gaza Militants Exchange Fire
South Sudan rebels attack town in oil state: officials
Syrian forces kill 10 in Homs, report of soldiers
Afghan Insurgents Kill 13 Americans in Car Bomb
20 Syrian soldiers killed in 'clashes with deserters'

## Global unrest/mob rule/angry people ##
More arrests of Occupy protesters in Tenn.
Tenn. protesters to challenge curfew for 3rd night
Man urges mailing junk if you can't Occupy Wall Street
Occupy Oakland: As injured Iraq vet recovers, occupiers promise to 'shut the city down'
Protesters invade Brazil dam site

## Energy/resources ##
Bengal staring at major power shortage
"West Bengal is likely to sever power shortage from next week as cash-starved State utilities have nearly exhausted all avenues to meet peak demand."
Violence-hit Yemeni capital struggles with power cuts
TNB In Talks With Government, Petronas Over Gas Shortage (Malaysia)
Gas shortage hits hard (South Africa)
"The ripple effect of the Liquid Petroleum Gas (LPG) gas shortage is spreading to a number of industries as supply of the fuel dwindles."
Refinery production slow down causing diesel shortage (Canada)
"The shortage is being blamed on a scaling back of production at Edmonton's Suncor refinery. Suncor says that's because its hydrogen supplier is running low."
After nearly a century, Kansas' helium supplies may be waning
Gas leak: Rotorua short of bread, pies (New Zealand)
Energy from Waste: A Waste of Time or a Genuine Energy Solution?
Excellent essay. Scaling waste energy sources up to power industrial society is a joke. And this essay only deals with the energy yields from the waste, not the energy that is consumed in producing the waste and transporting it. A fine reality check. -- RF
India clears oil debt to Iran through Russia's Gazprombank
India and China target Afghanistan mineral resources
It will require huge investments just to build the infrastructure needed to exploit them. -- RF

## Infrastructure scavenging ##
Brass rings taken from Chicago hydrants

## Got food? ##
A Worrying Look At Food Inflation In The Coming Year
Growers told to brace themselves for crop input cost surge

## Environment/health ##
Global warming: Middle East's vital wet winters are disappearing

## Intelligence/security/internet/systemic breakdown ##
Facebook says 600,000 account logins compromised every day
Google Docs down in cloud outage
Vodacom blames gremlins for blackout (South Africa)
"The country's leading mobile operator, Vodacom, has blamed software glitches for its network failure that shut out customers on Tuesday. This was the second time in five months the network has failed."
Outage disrupts Time Warner Internet, phone service
Construction trades project decade of shortages (Canada)
U.S. Firm Acknowledges Syria Uses Its Gear to Block Web

## Japan ##
Japan's public debt to hit record Y1,024 trillion
Daiwa to Slash 15% of Asia, Europe Jobs
Gov't announces plan to store radioactive soil in Fukushima
Still unclear when, if reactors can restart
"With a number of nuclear reactors set to be suspended for regular inspections, but no clear government criteria for allowing their reactivation, it remains unclear whether a sufficient electricity supply can be secured this winter. Uncertainty also remains as to whether local governments and residents will approve restarting the reactors."

## China ##
Chanos Interview: China Slowdown Just Beginning
Stars shoot east for riches raining down from China's golf boom
The day will come when people plow up golf courses to grow food. -- RF
Chinese Town Cancels Tax That Sparked Riots

## UK ##
Rising petrol costs mean more motorist are calling out breakdown services after running out of fuel
100 leading economists tell George Osborne: we must turn to Plan B

## US ##
National debt nears size of U.S. economy
Debtpocalyse: Army Futurists See Fiscal Meltdown on the Horizon
Even Debt Collectors Are Struggling In This Economy
Auto Sales: The Next Bubble? (CNBC video)
Snow in Northeast could cut power to millions
Calif. to cut Medicaid by 10 percent
Task force moves toward rationing access to community colleges
Markets rally. Don't get too excited. (Bill Bonner)
Regulators close Illinois bank
Arkansas city loses two factories in one day

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