Monday, December 05, 2011


News Links, December 6, 2011

## Global economic meltdown ##
S&P warns of possible downgrades of 15 euro zone nations
China slowdown spreading, HSBC services PMI shows
"China's services sector cooled in November to its weakest growth in three months, an HSBC purchasing managers' index showed on Monday, the latest data portraying an economy slowing quickly and in need of policy support."
Egypt's Economy Reels as Capital Flees
"Political unrest is hurting Egypt's economy: GDP is falling, factories are closing, and the nation's finances are worsening"
Euro-Zone Business Activity Slows
"The euro zone's four largest economies all showed a slowdown in business activity in November, with German activity shrinking for the first time in 2½ years."
Eurozone crisis: Germany and France agree rescue package
Germany Wants to Punish 'Debt Sinners'
The 'Austerity Club' Euro Deal Is Not Going To Work
Debt-hit Ireland unveils budget cuts
Zilch again from Merkozy (Ambrose Evans-Pritchard)
Monti's "Save Italy" Package Sure to Cause "Super Recession" (Mish)
After Massive Job Cuts, Wall Street's a Different Place
"Around the globe, more than 220,000 financial service positions are slated to disappear this year. They won't necessarily come back"
Euro debt bondage could breed Tech Wreck
A grim assessment from Down Under. -- RF
Global economic crisis looms, says Rudd
"Foreign Minister Kevin Rudd has warned that the world is teetering on the brink of another financial crisis, as he made his first foray at the ALP's national conference."
Bank-Run Risk in the Shadows
Europe, Systemic Risk And The Governing Elite
Decade-Long European Recession Coming Up; Reflections on the Un-Level Playing Field

## Fault lines/flashpoints/military ##
U.S. ramps up warnings on Iran strike risks
"The United States has pointedly ramped up its public warnings over the last few weeks about the risks of military action against Iran, accompanied by private words of caution to Israel, which sees Tehran's nuclear push as a direct threat."
Mysterious blasts, slayings suggest covert efforts in Iran
'Toppling Assad is proxy war against Iran'
Iran's Revolutionary Guards prepare for war
"Iran's Revolutionary Guards have been put on a war footing amid increasing signs that the West is taking direct action to cripple Iran's nuclear programme."
Analysis: "Cold War" with Iran heats up across Mideast
Senior US official: American drone in Iranian hands
Hillary Clinton compares parts of Israel to Jim Crow south
Israel furious at Hillary Clinton's concern for democracy in country
Argentina launches naval campaign to isolate Falkland Islands
"Argentina has launched a naval campaign to isolate the Falkland Islands that has seen it detain Spanish fishing vessels on suspicion of breaking the country's "blockade" of the seas around the British territories."
Syria conducts war games
Iraq bomb attacks on Shiites kill 18
Warning from a Chinese Professor
"Zhang Zhaozhong is a professor at the Chinese National Defense University, and published a book in 1999 titled Who is the Next Target? Of course, the target is America."

## Global unrest/mob rule/angry people ##
Police include Occupy movement on 'terror' list (UK)
Russia election descends into violence as riot police clash with protesters
Occupy movement shifts focus to foreclosures (video)
Occupy Wall Street, Act II: Go local
Chinese leaders fret about unrest as economy sours
First self-immolation in Tibet Autonomous Region reported
Anti-royal graffiti on walls of eastern Saudi
Protesters close main southern road over power shortage (Lebanon)

## Energy/resources ##
Kyrgyzstan Announces Power Rationing
What Will Renewable Energy Really Cost?
Navy's Big Biofuel Bet: 450,000 Gallons at 8 Times the Price of Oil
Europe needs our oil, Iranians say
Cameco's Gitzel Says Uranium Supply Deficit May Loom
Brent rises above $110 on Iran supply risk
A Reality Check on U.S. Oil Imports and the Shale Revolution for Mortimer Zuckerman (TOD)
Power outage 6 hrs per day from Monday (Nepal)
Kenya: Fuel and Gas Shortage Continues Around City

## Infrastructure scavenging ##
Stolen copper gutters latest trend in metal thefts (US)

## Got food? ##
A Maine Farmer Speaks to Wall Street
"I have not spoken to one farmer who doesn't understand the message of Occupy Wall Street, the message that so many people keep saying is nebulous. It's very clear. Because of business and corporate participation in agriculture, farmers are losing their livelihoods."
France Takes Stand Against GMOs, Monsanto Despite End of Ban
Massive roof farm planned for Berlin
But as buildings deteriorate, roof farms will become unusable. -- RF

## Environment/health ##
Scientists confirm Himalayan glacial melting
Three-quarters of English Channel sea birds contain toxic levels of plastic
Heavy Beijing smog causes flight delays, cancellations
The Age of Thirst in the American West

## Intelligence/security/internet/systemic breakdown ##
Phone 'Rootkit' Maker Carrier IQ May Have Violated Wiretap Law In Millions Of Cases
U.S. power grid needs cybersecurity protection: panel

## Japan ##
More radioactive water leaks at Japanese plant
Fewer Options for Tokyo's Debt Buyers
Scientists call for dumping radioactive soil into sea

## China ##
China's Booming Pork Industry Leads to Surging Demand at AdFeed and Zhongpin
Ominous Ordos: Dispatch from a Chinese Ghost Town
Pictures emerge showing Chinese repression in Tibet

## UK ##
Income inequality growing faster in UK than any other rich country, says OECD
Archbishop of Canterbury says riots will return unless we reach out to young
Royal Navy to train sailors without sending them to sea
"First the Royal Navy was left with aircraft carriers but no aircraft, then it emerged that British waters would no longer be protected by a warship on emergency standby because resources were so stretched."

## US ##
The Pressing Weight of Compounding Debt
Season's five-finger discount deals: The most shoplifted items
The End of Growth in the United States (Gregor Macdonald)
"Care to forecast the US will return to economic growth, given energy prices and aggregate levels of debt in the OECD nations? Good luck with that."
U.S. Service Industries Expand at Slowest Pace Since January 2010: Economy
Many Americans already done with holiday shopping
U.S. Postal Service seeks to end next-day mail
US Postal Service facing 28,000 job losses
If the Republic Had Not Died a Long Time Ago, This Would Indeed Be the Death of the Republic
"And whatever the outcome of this particular bill, the reality will remain the same: the President of the United States will continue to claim -- and exercise -- absolute arbitrary power over the life and liberty of every person on earth. As we've said here before, not even Adolf Hitler or Josef Stalin at their most megalomaniacal ever dreamed of asserting the kind of universal power now asserted by American presidents and the lickspittlish lackeys in the United States Congress."
Look, Up In The Sky! It's A Drone, Looking At You
"Unmanned aircraft — or drones — are playing a large role in U.S. military operations in Afghanistan, but they're starting to show up the the skies above the U.S. as well. Drones are already used to patrol the border with Mexico and now they may soon be coming to a police department near you."
As Recession Lingers, Well-Heeled Hit Resale Stores
Over 46 Million Americans On Foodstamps For The First Time Ever
Tax Cuts Seen Undermining Social Security
We're Not Ready: More Bad News About Retirement

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