Wednesday, December 14, 2011


News Links, December 15, 2011

## Global economic meltdown ##
Golden Mediterranean pensions fade as austerity bites
Stock markets slump as euro hits 11-month low against the dollar
Greek Bankruptcy Imminent?
Canadian manufacturing sales dip
Record high household debt in Canada triggers alarm
"The debt burden of Canadian households has surpassed levels of both the United States and the United Kingdom and, by at least one measure, they are hurtling toward those countries' peak levels of 2007, new Statistics Canada data show."
Syria's currency sags under weight of unrest
Asian airlines, shippers face higher loan costs
Australian Consumer Sentiment Plunges
Grim picture for European defense spending
Industrial production slips in Europe
Germany Preparing Plans For Commerzbank Bail Out
European Banks Trim Loans to MENA Firms, Standard Chartered Says
Most Economists Expect Another Global Recession
Turk - Lehman II in Progress as Financial System Implodes (King World News)
On the Titanic towards Economic and Democratic Disaster (video with Nigel Farage)
Road To Collapse (Awake News video)
Rip them Little People off, baby! -- RF
Europe's debt deal is falling flat
This slump won't end until 2031: Our predicament parallels the Long Depression of 1870s
Citi Predicts Gold At $3400 In "The Next Two Years", Potential For Move As High As $6000
What happens when countries can't borrow money?
World's fastest-growing cities
"By 2050 most of the world will live in cities..."
In 2050 most of the buildings and urban infrastructure now existing will be sparsely inhabited ruins. -- RF

## Fault lines/flashpoints/military ##
Post-US Iraq: Welcome to Shia-stan
"Now, as American troops leave Iraq after almost nine years of patrols, IEDs and countless meetings with tribal elders, it is abundantly clear that the Shiites have won this country."
Iran may soon start nuclear work in bunker: sources
No credence in Blackwater revival
New Armed Stealth Drone Heads to Afghanistan (And Maybe Iran, Too)
Cheney Urges Attack on Iran to Destroy Lost Drone
Iraqi Deputy PM: Maliki Becoming a 'Dictator'
Pakistan president Asif Ali Zardari went to Dubai 'because of threats to his life'
China sends patrol ship to disputed waters

## Global unrest/mob rule/angry people ##
French unions stage rallies to protest against austerity steps
Time names "The Protester" 2011 Person of the Year
Hey you guys over at Time! You ain't seen nothin' yet! Riots and mobs will rule the Earth. -- RF
Tension simmers in blockaded China village after land protest
Wukan siege: Chinese officials 'hold village to ransom'
"Chinese officials have ratcheted up pressure on the rebel village of Wukan, as it entered its fourth day of a police siege, by allegedly ransoming four men who were seized from the village last week."
Kuwait activists seek "real" opposition, reform
Israel approves steps to rein in settler violence

## Energy/resources ##
America's New Energy Security (WSJ)
Yet another feel-good essay from Daniel Yergin. -- RF
OPEC says, 'Don't Count on Us' for More Oil Supply (Gail Tverberg at Financial Sense)
Iran, Besieged by Gasoline Sanctions, Develops GTL to Extract Gasoline from Natural Gas
Massachusetts to Invest in Rossi's E-Cat - 13 Units Sold Since October Demonstration
France's Nuclear Giant's Areva Stock Meltdown
Nuclear water spilled at Canadian reactor
Can Tides Turn the Tide? (Do the Math)
Energy shortage: textile exporters fear 30 percent decline in exports this year (Pakistan)
South, Central China Hit By Severe Diesel Supply Shortages
Diesel fuel supplies returning to normal (Canada)
"Supplies of diesel fuel are returning to normal after a shortage this fall that caused gas stations to run dry and cardlock systems to have daily limits on commercial vehicles."
Flights from Santiago airport affected by fuel shortage
Nuclear reactor hiccups stoke power supply jitters (Korea)
Power shortages in 2012 (Namibia)

## Got food? ##
Ron Paul stands up for raw milk in New Hampshire

## Environment/health ##
Vast Stores of Methane Are Released from under the Arctic

## Intelligence/security/internet/systemic breakdown ##
China-Based Hacking of 760 Companies Shows Cyber Cold War
The Israelization of America's police

## Japan ##
Plan storage for contaminated soil
Japan to declare Fukushima nuclear plant in stable condition
Nuclear power generation costs surge
DPJ OKs Plan For Deflation-Linked Pension Cuts Over 3 Years
Japanese business confidence falls
Japan's Energy Security Predicament in the Aftermath of the Fukushima Disaster

## China ##
China's Workers Face Manufacturing Downturn
"China's giant manufacturing sector is starting to slow down and is affecting thousands of factories already fighting for survival."
China's housing bubble is losing air
"Home prices and sales plunge after China's government intentionally slams on the brakes. Some recent buyers stage demonstrations, destroy real estate offices and demand refunds of up to 40%."
China says will hit U.S. auto imports with duties
China Prepared to Let Housing Prices Sink in Spite of Economic Slowdown; Transition to New Regime Underway; Decoupling in Reverse

## UK ##
UK unemployment hits 17-year high
Solar feed-in tariffs fall by half

## US ##
Bernanke Signals Fed Ready to Ease on EU Risk
"Federal Reserve Chairman Ben S. Bernanke signaled he's concerned Europe's crisis will hobble a 2 1/2-year U.S. expansion that may need another boost from the central bank."
Ben Bernanke: Fed Doesn't Have 'Authority' To Bail Out Europe
Many Business Roundtable CEOs Say They May Cut Staff
Ron Paul gains ground, further stirring Republicans
Realtors: We Overcounted Home Sales for Five Years
The scandal of the Alabama poor cut off from water
Enough Money for Retirement? Even the Rich Say No
Heating Fuels to Miss Biting Cold of Past Two U.S. Winters
Goldman Loses at Least 38 Partners
Why Social Security Is Still Falling Apart
Obama Won't Veto Forever-Prison Bill

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