Wednesday, November 09, 2011


News Links, November 10, 2011

## Global economic meltdown ##
India's Trade Deficit Widens the Most in at Least 17 Years
Italian Crisis Ambushes Ireland After Greece
Italy at breaking point, Merkel calls for "new Europe"
French and Germans explore idea of smaller euro zone
European debt crisis spiralling out of control
Greek party deal on new crisis premier collapses
Euro Zone Has No Plans to Rescue Italy
"'Financial assistance is not in the cards,' one euro zone official said, adding the euro zone was not even considering extending a precautionary credit line to Rome."
ECB's Stark to Europe: We Are Not 'Lender of Last Resort'
"European Central Bank policymaker Juergen Stark warned European governments on Wednesday against asking the ECB for support in dealing with the region's sovereign debt crisis, saying this would put the central bank's independence at risk."
Banks Create New Rules to Show they are Already "Well Capitalized"; Magic Spreads at Lightning Speed
As Banks Stop Hiring, Industry Safety Net Rips Apart
Financial Impacts of Reaching 'Limits to Growth'
Maersk's Container Line to Post Loss as Freight Rates Fall
Baltic index fell to a 7 week low on November 7 2011

## Fault lines/flashpoints/military ##
Iran and China to Share Academic Energy Expertise
Obama to Aid Uzbek Dictatorship
"The U.S. Senate Appropriations Committee, in a move initiated by the Obama administration, has voted to waive Bush-era human rights restrictions on military aid to the Islam Karimov dictatorship in Uzbekistan, one of the most brutal and repressive regimes on the planet."
U.S. military views presence in Asia as top priority despite budget cuts
Mossad, CIA, MI6 Set up Spying Centers Near Iranian Borders (Fars News Agency)
China to send armed patrols on Mekong: report
"China and several neighbouring countries will provide armed escorts to ships navigating the Mekong River, state media said Wednesday, after 13 Chinese sailors were killed on the key waterway last month."
What does this remind me of? Oh yea, the Gulf of Aden! -- RF

## Global unrest/mob rule/angry people ##
Fuel protests, mob rage choke city, cops helpless (India)
Police storm CBD building to remove Occupy Sydney protesters
Brazilian police forcibly remove protesting students from university building in dawn raid
Occupy Vancouver turns nasty; protesters bite two police officers
First Occupy site ordered down in Canada (Ontario)
Students marching against tuition fees met with 'total policing' tactics (UK)

## Energy/resources ##
Spare Tyres Ditched As Automakers Seek Efficiency
The high price of energy increasingly leads us into the realm of desperation and vain attempts at solutions, like airlines ditching in-flight magazines. It's far too little, far too late. -- RF
Supply running dry
"A diesel fuel shortage across Western Canada is sparking a scavenger hunt for truckers trying to find stations that still have something left in the pumps."
Energy Costs to Rise 'Viciously' Without Atomic Power, IEA Outlook Says
That would be because not all the costs of nuclear are included in electricity rates. -- RF
Aleo Solar Forecasts Full-Year Loss as Nine-Month Profit Drops
"Aleo Solar AG (AS1), a German maker of solar modules, dropped the most in more than two years in Frankfurt trading after it reported an 82 percent decline in nine-month profit and forecast a loss for the full year."
IEA sees danger in rising oil, coal use
Oil Could Hit $150 a Barrel in Near Term: IEA
Germany Faces Sticker Shock Over Renewable Energy to Replace Nuclear
Biofuels: Not the Savior we Hoped For
'Power For The Planet': Company Bets Big On Fusion
Saudi Arabia set to overtake Russia as top oil producer
"Saudi Arabia will overtake Russia as the world's largest crude oil producer in about 2015 as output at new Russian fields fails to offset fast decline at mature deposits, the International Energy Agency (IEA) said on Wednesday."
New US offshore oil leasing plan includes Arctic
China took 2 million tonnes of S African coal in Oct
Fuel shortage hits Zambia's capital, Lusaka
Power surge leaves western Kenya without petrol
China: diesel thieves on prowl
Power cos meet only 1/3 of coal import targets in current fiscal (India)

## Environment/health ##
A Pyramid To Warn Of A French Nuclear Waste Site?
Such discussions quickly degenerate into the consideration of absurdities. And who could possibly foot the bill for all of this? -- RF
Air pollution causing stronger cyclones, study finds
Alaska coast reeling under 'epic' Arctic storm
Agencies warn of acute Pakistan floods relief shortfall
Seoul to conduct radiation checks on all roads

## Intelligence/security/internet/systemic breakdown ##
Big energy accused of mind games for shale
Border Surveillance Plan Stumbles as Two-Thirds of Mexico Declared Unsafe
Hackers Hijack Millions of Computers in 'Massive' Fraud Case
Chinese military uses wide network of female spies

## Japan ##
Japan sees record number of welfare recipients
BOJ policymaker warns of heightening risk to Japan
Can big business save Japan's fishing industry?
Big business is supposed to save farming, too. I see disaster in the offing. -- RF
Honda plants continue to cut output
"Honda Motor Co. said Tuesday it will continue halving production at its North American plants through Nov. 25 as flooding in Thailand has disrupted the supply of some key electronic parts sourced from the country."
Surplus dives 47% in 1st half / Drop marked as exports shrink following March disaster

## China ##
China factories being pushed over the edge
"It looks like game over for thousands of mainland manufacturers as a 20 percent hike in the minimum wage coincides with a 30 percent drop in orders."
China may live with power shortages this winter (Xinhua)
"Some parts of central and south China are facing power cuts and electricity rationing as soaring coal prices discourage power plants from producing at full capacity, heightening concerns that the country has to live with power shortages over the next few months."
Spotlight China: Shipping Downturn; Hong Kong Recession; Credit Squeeze Prompts Suicides; HK Home Sales Fall Over 50%; Factory Closure Wave Looms (Mish)
Some Things You Should Know About China

## UK ##
London protests: police put a stop to Trafalgar Square 'tent city'
"Police stepped in to prevent another "tent city" being set up in central London yesterday after protesters attempted to occupy Trafalgar Square."
Pharmacists sound alarm on UK medicines shortages

## US ##
Jefferson County Files Biggest U.S. Municipal Bankruptcy
Stock plunge continues as European fears grow
Euro crisis chills Detroit car makers
"Risks multiply when you extend your reach overseas. For U.S. car makers, their European operations are suddenly looking downright treacherous."
Occupy Protesters Hold 'Super Committee' Hearing In D.C.'s Freedom Plaza
SWAT teams dispatched as gun battle unfolds near Escobares
"Gunmen crossed the Rio Grande into the United States near a shootout between where the Mexican military and a group of gunmen was taking place."
Cost to house a captive at Guantanamo Bay is $800,000
Adobe Systems to cut 750 jobs
South Florida overflowing with underwater mortgages
New Foreclosures Smash Albuquerque, Boston, Sarasota, And Cincinnati
The great $26 billion real estate swindle: Pity anyone who took the tax credit to buy a house
How to Confront the Talent Crisis in Manufacturing
"The results of a recent survey of U.S. manufacturers conducted by Deloitte with the National Manufacturing Institute highlight a worsening talent shortage that threatens the future of the industry."

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