Tuesday, December 27, 2011


News Links, December 28, 2011

## Global economic meltdown ##
Treasury plans for euro failure (UK)
"The Government is considering plans to restrict the flow of money in and out of Britain to protect the economy in the event of a full-blown euro break-up."
ECB reports record cash deposits from banks
"The latest jump in deposits comes from cash lent to the banks by the ECB itself last week in order to ward off a fresh banking crisis and credit crunch."
LTRO "Bazooka" Is Epic Disaster As Banks Scramble To Redeposit "Free Carry" Cash With ECB, Lose Money On "Inverse Carry" (ZH)
Italy Could Trigger Early End to Santa Claus Rally
Italians Cut Spending in Worst Christmas in 10 Years; Debt in Spanish City of Gandia 50% Higher than Previously Reported; Harsh Times Ahead for All Europe (Mish)
Downhill drive for auto sector in 2011 (India)
Effects Of Foreclosures After Real Estate Bubbles Burst In Emerging Markets
2012 to be year of hardships for Thailand
IMF says expects January talks with Egypt
9 Underground Economies - And Greece
"From Somalia's 'pirate stock exchange' to the flourishing illegal organ trade in Egypt, there are some making money hand-over-fist, under the table."
A Run On The Global Banking System—How Close Are We?
James Rickards sees 'Currency Wars' destroying dollar
World 'dangerously unprepared' for future disasters

## Fault lines/flashpoints/military ##
Iran threatens to stop Gulf oil if sanctions widened
Insight: Violence creeping into Mexican capital
"In a nation wracked by drug violence, this sprawling capital city of more than 20 million has been an oasis of relative peace. But the key to that calm - an informal truce among rival gangs - may be cracking."
Growing poverty looms for next Mexican president
Radio Zeta: How Mexico's Drug Cartels Stay Networked
Gunfire erupts as Syrians plead with Arab monitors in Homs
Tensions simmer as Iraqi leaders try resolve crisis
NATO drone emergency landing in Paktia province
Al-Qa'ida in Iraq claims it was behind deadly blasts
Israel navy scraps warship plans amid cuts
Australian Navy eyes British sailors facing axe in defence cuts
Italian oil tanker hijacked by pirates

## Global unrest/mob rule/angry people ##
Protests against power, gas outages in Punjab, KP
"Unscheduled power outages and gas loadshedding triggered fierce protests in the Punjab and Khyber Pakhtunkhwa on Monday.
"Citizens annoyed at persisting low gas pressure coupled with electricity blackouts of several hours took to the streets. They blocked the roads by burning tyres and chanted loud slogans against the government."
Electricity consumers protest against fuel adjustment surcharge
"Electricity consumers protested against the Fuel Adjustment Surcharge (FAS) in electricity bills in front of the Lesco office Monday.
"The protestors torn off electricity bills and burnt tyres in front of the Lesco office while chanting slogans against the power authorities and the government."
The year's most shocking images of protests around the world
China to face more Wukan-style protests
India's Hazare Begins New Hunger Strike In Corruption Fight
Protesters block delivery of U.S. base environment report to Okinawa government (Japan)

## Energy/resources ##
Saudi Yanbu Cement restarts units, says needs fuel for new line
Power & water cuts worsen winter woes (India)
Iran to send oil products to Afghanistan
"Iranian oil officials said they signed agreements with Afghan authorities for the export of some 1 million tons of oil products starting as early as next year."
Iran 4th largest world oil producer
How to Get the Best Firewood for Clean and Affordable Energy
Good article. In my experience it's best to cut, buck, and split wood a year in advance. -- RF
Federal Gov't Finally Kills $6B USD Corn Ethanol Subsidy
Pakistan State Bank fears gas crisis to be at its worst in 2016
IEA expects Iraqi oil boom
Power outages causing water shortage in I-10, I-9 (Pakistan)
"The residents of Sector I-10 and I-9 are facing acute water shortage due to power outages in the metropolis, increasing tankers' demand upto 800 from 200 per day."
Israel energy ministry to set up team to deal with gas shortage
"The country is facing a gas shortage, with Egyptian supplies not expected to resume in 2012 and rapidly declining output from the Mary B well off Israel's southern Mediterranean coast. Last week, the Yam Thetis consortium, which operates the Mary B well, said it was cutting gas supplies to IEC and other domestic users by 20-25% due to lower production."

## Infrastructure scavenging ##
Copper theft cuts phone service in SW Florida
Police: Bucket truck theft nets half-mile of copper wire

## Got food? ##
General Mills, ConAgra Fighting Food Inflation
National CPI leaps by 19% this year (Vietnam)

## Environment/health ##
Philippine flood death toll nears 1500

## Intelligence/security/internet/systemic breakdown ##
Antisec Hits Private Intel Firm; Millions of Docs Allegedly Lifted (Threat Level)
"That would be a major breach of private information from any firm. But this hack could prove particularly significant, because Stratfor serves as an information-gathering resource and open source intelligence analysis for both the U.S. military and for major corporations."
Stratfor hacking victims targeted after comments
Airtel customers face network outage in Mumbai

## Japan ##
Kyushu Electric Halts Thermal Generator, May Face Supply Shortage
Tepco seeks $9 billion more for Fukushima compensation
Gov't to buy radioactive rice from Fukushima
Government goes ahead with easing arms export ban
Japan data show weak spending, lower prices

## China ##
A Few Chinese Bad News Bears To Spoil A Happy New Year
China city tightens control of microblogs: report
China satellite navigation system starts service
Chinese Bloggers Have Discovered Another Abandoned Luxury Housing Development
Includes photos. Creepy! -- RF
Why Investments In China Will Eventually Be Worthless
Withering China?

## UK ##
Shortage of family doctors leaves health care in crisis
£10m cost of turning off wind farms
Cancer patients 'relying on charity handouts' for fuel
"Cancer patients are relying more on charity handouts as they struggle to pay rising fuel bills, figures reveal."
Pawnbroker Albemarle & Bond to create 300 jobs
"Albemarle & Bond today hailed 'the age of the pawnbroker' as it unveiled plans to create 300 jobs by opening 25 new stores next year."

## US ##
After America: Get Ready for Armageddon
Presenting Anonymous' "Survival Guide For Citizens In A Revolution"
2012: Stocks up 10% — or Doomsday scenario? (Paul Farrell)
"10 triggers threaten capitalism as 'Super-Rich Gap' rivals 1929's"
Sears Cuts Outlook, Will Close Stores… Long Slow Death March
New home sales near all-time low
Oct. U.S. home prices fall 1.2%: Case-Shiller
America becoming a nation of renters
Obama's new tax on the poor: Internet gambling by states
Members Of Congress Weather Recession, Become Richer
'Double-Dip' Blow Could Strike Big Pharmas in 2012
White House to Raise Borrowing Limit by $1.2 Trillion
Ron Paul Did Not "Walk Out" of CNN Interview; Blatantly Biased Headline by Time Magazine; Six Reasons to Vote for Paul (Mish)
Insurers' Profitability Plunges on Catastrophes
"U.S. property and casualty insurers' profitability fell to the lowest level since 2008 as losses from natural disasters exceeded gains in sales and investment income."
Why Your Pension Is at Risk

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