Saturday, October 08, 2011


News Links, October 9, 2011

## Global economic meltdown ##
Chart Of The Week: European "Fear And Loathing" Hits Record $1.3 Trillion
Greek austerity breeds new generation of homeless
A Huge Question For The Market: What's REALLY Happening With The BRICS Economies?
Hiding Gold in All the Unusual Places
"Dexia's Funeral Will Be Announced On Sunday" As "Weakest Link" Slovakia Prepares To Bury The Euro

## Fault lines/flashpoints/military ##
Sarkozy warns Russia over Georgia 'threats' during tour
Pirates Cost Shipping Industry $9 Billion Despite Security Measures
Iran tells Turkey: change tack or face trouble
"A key aide to Iran's supreme leader said on Saturday Turkey must radically rethink its policies on Syria, the NATO missile shield and promoting Muslim secularism in the Arab world -- or face trouble from its own people and neighbors."
British police to launch Seychelles pirate hunting base
"Ministers plan to despatch officers from the Serious and Organised Crime Agency to staff a new Indian Ocean unit dedicated to hunting pirate financiers, who provide start-up cash for gangs in return for the lion's share of ransom proceeds."

## Global unrest/mob rule/angry people ##
D.C. Protests: Reports Of Pepper-Spray Incident At Air And Space Museum
"Occupy" protesters garner increased support

## Energy/resources ##
Two Saudi fuel oil cargoes trade at high prices in tight market
"Two Saudi Arabia fuel oil cargoes, both for October loading, were sold at strong price levels for a second time in a week, amid severely tight supplies of on-specification cargoes, traders said on Friday."
Russia refiners could shut with fuel duty hike-LUKOIL
"More than 600,000 barrels per day of Russian refining capacity will not survive the next stage of oil product export duty reform, due in 2015, if they do not modernise, Russia's No.2 oil producer said late on Thursday. That is about 13 percent of refining capacity in Russia, the world's largest crude oil producer."
Parched Texans Impose Water-Use Limits for Fracking Gas Wells
Tanzania's hospitality industry braces for more power rationing
Chile Energy Min: Water Level In Some Reservoirs Worrisome
"With an extended drought pulling reservoir levels down, the government, in August, extended through April 2012 the power-rationing measures on the central SIC power grid it had implemented earlier in the year. Those measures include energy-saving measures such as reducing available voltage by 5% to 10% and curbing hydrogeneration."
Electricity supply to some regions cut off at night (Tajikistan)
Saudis See No Reason to Raise Oil Output Capacity
"A senior oil executive said Saudi Arabia is unlikely to proceed with plans to raise its oil output capacity to 15 million barrels a day, as expansion plans in other producing countries such as Iraq and Brazil should be enough to satisfy world markets."
I don't believe for a minute that KSA could raise its capacity to 15 mbpd. -- RF
Iran Accelerates Development of its Oil and Natural Gas field in the Persian Gulf
OPEC to consider emergency meeting if oil prices fall more: Iran

## Infrastructure scavenging ##
Entire bridge stolen in Pennsylvania

## Got food? ##
Thanks to the FDA, You Really Have No Idea What's In Your Food
Is Inflation About to Spread More in the Food Industry?
How to Eat Seasonally

## Environment/health ##
Thailand's Flooding Reaches 'Crisis,' May Threaten Bangkok, Yingluck Says
Doubts remain over global future of sharks
U.S. wetlands in decline

## Intelligence/security/internet/systemic breakdown ##
Homeland Security moves forward with 'pre-crime' detection

## Japan ##
TEPCO uses low-level radioactive water to spray Fukushima nuclear compound
Noda says nuclear power budget may be diverted for decontamination, compensation
Cooperative bans saury fishing within 100 km of Fukushima nuclear plant
Iwate firm expects warm welcome for wood-burning stoves in winter
"[The stove] has helped users a great deal with heating and cooking in the wake of power outages and kerosene shortages in areas affected by the March 11 disaster."
Uniform pension cuts seen for older workers
With thermal station offline, Tohoku faces tight power supply
Strong yen, economy forcing cut in domestic auto output

## China ##
Guangxi power rationing saves 3 TWh
"Interfax China quoted according to statistics released by the Guangxi Electricity Power Co Ltd that power rationing in the Guangxi Zhuang Autonomous Region reduced industrial electricity use by roughly 3.2 terawatt hours from June to August. The power provider said the power stoppages affected some 1,000 firms, causing hundreds of millions of dollars in losses over the three month period."
China 'faces subprime credit bubble crisis' (Ambrose Evans-Pritchard)
"Monetary tightening in China threatens to pop the $1.7 trillion (£1.07 trillion) credit bubble in local government finance and expose the country's simmering 'subprime' crisis, according to the Communist Party's economic guru."

## UK ##
Banks 'must show they can pay their way in the world'
"Banks have been warned that they will have to prove they can "pay their way in the world" because they cannot rely on bail outs from the government in future."
More bad news for house prices: insiders are selling out
Fuel poverty will hit millions if 'affordability ceiling' is breached
Fuel poor could miss out on help

## US ##
Wall Street protesters 'growing mobs trying to divide country'
"Wall Street protesters are 'growing mobs' trying to divide the country, according to the Republican majority leader in Congress."
Housing Desert Leads Biggest U.S. Homeownership Drop Since 1930s
11 Facts You Need To Know About The Nation's Biggest Banks
Heating assistance cuts could devastate poor Michigan residents
Florence under stage 5 water rationing (Texas)
Banks fail in Missouri, Minnesota; 76 for year
How Suburban Sprawl Works Like a Ponzi Scheme
The Unfolding Economic Disaster
"The fact remains that we are going down, down, DOWN over the coming months. We're going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE."
Local government jobs evaporate

And finally... News Producer Chased By Turkey Until Saved By Mail Truck

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