Tuesday, November 01, 2011


News Links, November 2, 2011

## Global economic meltdown ##
Greek referendum could mean CDS Greek default trigger
"The reason for the alarm is that the Greek citizenry is not in favour of the bailout agreed to in Brussels last week. The FT reports that 60% of Greeks would reject the deal."
EU Deal Unravels from Many Sides; Italy, France Bond Spreads Hit Record High vs. Germany; Bund Yield Drops Most on Record; All Out Bond Crisis
Wheels Come Off Euro Plan in Just Five Days
Greek 1-Year Bond Yield Hits 205%
IMF May Create Credit Line for Countries
"The International Monetary Fund may create a six-month credit line for countries facing shocks, officials from Group of 20 governments and IMF said, as the European debt crisis rocks global financial markets."
Dow falls nearly 300 points on fear of Europe debt deal blow-up
Europe Debt Crisis Threatens Asian Growth
Will Italy Re-Denominate Back Into Lire?
C.Suisse cuts 1,500 more jobs, shrinks investment bank
Nol loss confirms gloomy container ship trend (FT)
"One of the world's most closely watched container shipping companies, Singapore's Neptune Orient Lines, provided further evidence of the continuing plunge in the sector's earning power on Monday, announcing a US$91m loss for the third quarter on rates per container down 19 percent year-on-year."
Floods halve Honda N. America output
"Honda Motor Co. said it will halve output at all six plants in the United States and Canada for 10 days starting Wednesday because the flooding in Thailand has disrupted parts supplies."
Thailand floods could create laptop shortage

## Fault lines/flashpoints/military ##
Israel to speed up settlement building in West Bank
Berlin 'threatens sixth sub sale to Israel'
U.N. panel sees "alarming resurgence" of mercenaries
Syria says reaches deal with Arab League on unrest
NATO Chief: No Intention of Attacking Syria
Officials: Syria puts landmines on border with Lebanon
China-US Energy Geopolitics: The Battle for Oil in the South China Sea (Chossudovsky)
Greek government teeters on brink of collapse in wake of referendum plan
Bishkek mulls U.S. air base
"The candidate set to take the presidency in Kyrgyzstan said he was reluctant to offer continued support for the U.S military base in his country."
Suspected suicide bomber hits Kazakh oil city
"A suspected suicide bomber attacked one of Kazakhstan's main oil cities yesterday, raising the prospect of a sustained bombing campaign by Islamic militants on Central Asia's most stable country."
Europe On The Verge Of A Political Crisis
Greece Replaces Military Chiefs
"Greece reshuffled its military chiefs Nov. 1 amid a political crisis that could see a government downfall following a controversial decision to put a European Union debt rescue deal to a referendum."
US fears uncoordinated Israeli strike on Iran

## Global unrest/mob rule/angry people ##
Protestors descend on G20
Protesters, police clash in Denver
Farmers disrupt rail traffic across Punjab against land acquisition
India campaigner Anna Hazare threatens to resume fast
Anger over detained Chinese activist reaches capital
"Supporters of a blind legal activist, whose long confinement in his village in east China has sparked widespread anger, petitioned Beijing officials on Tuesday after some said they were beaten when they tried to visit the activist."
Tibetans' self-immolations lead China to crack down harder

## Energy/resources ##
Jet fuel shortage till year end (South Africa)
Malaysia's Tenaga faces gas shortage for 2-3 months more
Fuel crisis worsens in Malawi
"Despite continued assurances for normalcy from the authorities, the fuel situation continued to worsen over the weekend, with most stations in Malawi remaining dry or a battle-ground for buyers."
US Cash Products- Midwest diesel rallies on supply shortages
"NEW YORK, Oct 31 (Reuters) - Midwest diesel rose again on Monday as supply outages persisted at regional terminals while shipments from the Gulf Coast dwindled and agricultural demand rose, traders said."
China Completes First Biofuel Jet Test Flight
On industrial civilization's current scale, biofuels will never be more than a drop in the bucket. -- RF
Uganda: Energy Shortfalls and High Costs Dim Economic Development Prospects
"Uganda's effort to diversify the economy from an agro-based to an industrialised one could remain a dream given the chronic power supply deficit, coupled with high energy prices that seem to be thwarting the process."
Brazil Lacks Sugar Cane to Boost Ethanol Exports, Senator Says
"Brazil won't produce enough ethanol to meet increasing foreign demand unless cane companies invest in new mills and plantations."
The Triumph of King Coal: Hardening Our Coal Addiction
"Despite all the talk about curbing greenhouse gas emissions, the world is burning more and more coal. The inconvenient truth is that coal remains a cheap and dirty fuel — and the idea of "clean" coal remains a distant dream."
Japan's oil imports in September rises 4.5% on year

## Got food? ##
Hay Shortage Compounds Woe in Drought-Stricken Texas
YEMEN: Why malnutrition could get worse

## Intelligence/security/internet/systemic breakdown ##
Manned ISS Flights Look Better After Successful Soyuz Launch
Eventually space exploration will be confined exclusively to the pages of science fiction. -- RF
Globalists Using London Cyberspace Summit to Push for Global Internet Treaty
Report: Chinese hackers launched summer offensive on US chemical industry
Exciting New Ways To Spy On Protest Movements

## Japan ##
Winter power cuts for Kansai, Kyushu
"The government decided Tuesday to ask customers of Kansai Electric Power Co. to cut power usage by more than 10 percent and customers of Kyushu Electric Power Co. to reduce their electricity consumption by 5 percent this winter."
Japanese urged to wrap up as Warm Biz gets under way
Kyushu Electric restarts Genkai nuclear reactor
Japanese official drinks Fukushima nuclear plant water
Reminds me of when a Khian Sea crew member ate some of its toxic ash cargo to prove its safety. -- RF
Japan's Hitachi half-year net profit down 67.8%
Nomura plunges into red amid market turbulence
Sony expected to book another quarterly loss
Gov't approves plan to send GSDF troops to South Sudan
Land in disaster area basically nontaxable
Record ¥7.5 trillion sold in forex intervention: estimate

## China ##
China's bubble might burst next
"Bearish observers single out the twin trends of easy credit and rampant overbuilding - sound familiar?"
Chinese Silver Investment Going Parabolic
China's Manufacturing PMI Disappoints, Again
H.K. Home Prices May Fall 45%: Barclays

## UK ##
UK Cops Using Fake Mobile Phone Tower to Intercept Calls, Shut Off Phones
St Paul's, caught between God and Mammon in tent protest
St Paul's and Corporation of London halt legal action against Occupy camp
No warships guarding British shores
"Cutbacks have left the UK without a single warship specifically tasked with protecting the country's shores for the past month, the Ministry of Defence confirmed today."
Manufacturing drops 'like a stone'
London solar incentives running dry

## US ##
Manufacturing in U.S. Comes Close to Stagnating as Global Demand Weakens
Facing state takeover, Harrisburg officials talk
No Sign Of Recovery
Fed to pause, sow seeds for more easing
Hundreds Of Millions Missing From MF Global, 'New York Times' Reports
Food stamp participation on the rise
Donations To Occupy Wall Street Skyrocket In October
Home Prices Heading for Triple-Dip
First it was the double dip. Now it's the triple dip. Of course it's not a dip, but rather another leg down on the general economic collapse that's just getting started. -- RF

And finally... Woman: Picture shows ghosts having sex

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