Tuesday, December 06, 2011

 

News Links, December 7, 2011

## Global economic meltdown ##
Anxious Greeks Emptying Their Bank Accounts
Radical eurozone shakeup could see Brussels get austerity powers
"The European commission could be empowered to impose austerity measures on eurozone countries that are being bailed out, usurping the functions of government in countries such as Greece, Ireland, or Portugal.
"Bailed-out countries could also be stripped of their voting rights in theEuropean Union, under radical proposals that have been circulating at the highest level in Brussels before this week's crucial EU summit on the sovereign debt crisis."
Brazil's economic growth stalls in third quarter
"Its GDP growth was zero compared with the previous quarter, said the country's IBGE statistical bureau."
Weiss Ratings downgrades 5 European countries! New euro-zone rescue schemes dead on arrival!
Toilet paper restrictions imposed on schoolchildren in Spain in latest austerity cuts
Geithner Doesn't See Fed Funding IMF Euro Response
German Opposition Warns of Euro Collapse Dangers
"Former German finance minister Peer Steinbrueck, an opposition leader and possible candidate for chancellor in 2013, warned on Tuesday of the perils of a collapse of the euro zone, saying it could revive nationalist sentiment in Europe."
12 of 26 Economists in Financial Times Survey See Probability of Eurozone Breakup at 20 to 30 Percent; What are the True Odds?
Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?
From America to Asia, we're all in the euro zone: What happens in Europe won't stay in Europe

## Fault lines/flashpoints/military ##
China's Hu to PLA Navy: Be Ready for Combat
Saudi Arabia may join nuclear arms race: ex-spy chief
Soft Spot: Afghan supply route reveals US frailty (RT video)
U.S.'s Afghan Headache: $400-a-Gallon Gasoline
Explosion rocks shrine in Kabul
Afghanistan attack: parallels with Iraq in attempt to ignite sectarian civil war
Pakistan has role in any talks with Taliban: Karzai
Who wins, who loses if Iran's oil is cut
EU thinks twice about Iran oil ban
"The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil, diplomats and traders say, as awareness grows that the embargo could damage its own economy without doing much to undercut to Iran's oil revenues."
Hillary Clinton to meet Syrian opposition leaders in Geneva
U.S. Built Its Own Secret Pakistani Spy Service
Dozens of bodies dumped in Syria, activists say
Amid Arab Spring, Israel seeks new friends
Indonesia buys 3 submarines from South Korea
Singapore Commissions First Archer-class Sub
Why the Middle East Is Keeping Oil Traders, Politicians Awake at Night

## Global unrest/mob rule/angry people ##
Occupy protesters take over foreclosed homes
Exclusive Video: Tension, Dissension and Construction in Occupied DC
Greek police fire tear gas at protesters in Athens
Russian election: police, troops and youth groups stifle anti-Putin protests
Russia's 'Arab Spring'? Clashes break out in 2 cities
Dozen detained in Singapore-owned plant strike in Shanghai
"Chinese police detained around a dozen workers at a Singapore-owned electronics plant in Shanghai on Dec. 6 as a strike involving over 200 workers extended into its seventh day in the latest labor unrest to hit the country."
Super Rich vs. 99%: Class war will explode (Paul Farrell)

## Energy/resources ##
Big Oil Heads Back Home (WSJ)
This reads more like a propaganda piece than an objective assessment, but judge for yourself. -- RF
Petroleum industry confronts water use
Oh, did I mention that shale oil extraction consumes a lot of water? -- RF
India sees no issues with Iran oil imports
Saudi Arabia finds more gas, not for use now
We've been hearing for several years now that KSA is going to leave newly discovered oil and gas for the future. See following article in this connection. -- RF
Saudi Arabia – Headed for a Downfall?
Saudi Arabia Crude-Oil Production Rises to Highest Level in Three Decades (Bloomberg)
Saudi Aramco to spend $17bn on Manifa oil field
Fuel rationing continues (Canada)
"As I stood at the local card lock fuelling station recently, a sign on the pump cautioned me that it would cut out when I'd loaded 300 litres, everyone's daily quota of diesel fuel these days. A couple of weeks ago someone had crossed out the previous 500 litre amount on the sign and wrote in the new, lower limit. Sadly, these notices have been around for a while; and although the overall situation has improved, things still aren't back to normal."
Is The Amount of Energy Put Into Mining, Processing, and Shipping Uranium, Plant Construction, Operation, and Decommissioning GREATER than the Energy a Nuclear Plant Can Produce In Its Lifetime?
Texas Faces Blackouts as Grid Supply Fails to Meet Demand
End of easy oil means work for Exxon, BP
"The Middle East will need more help from international investors to keep the title of world's biggest oil and gas producer because its remaining deposits are harder to get at."
How Saudi oil could start World War III
Indonesian minister calls for coal exports restrictions
"Indonesia's enterprises minister Mr Dahlan Iskan has urged for the limitation of coal exports in order to secure enough coal for domestic needs."

## Got food? ##
How to Plant a Square-Foot Garden

## Environment/health ##
China begins to admit 'fog' is really smog

## Intelligence/security/internet/systemic breakdown ##
Teen stopped at airport for design on purse
The national-security state has gone completely over the top. -- RF
Drone that crashed in Iran may give away U.S. secrets
Library of Congress to receive entire Twitter archive
Insider: $56 Billion Later, Airport Security Is Junk

## Japan ##
Nuclear Expert: Tepco is admitting they are very close to China Syndrome at Fukushima, where melted fuel penetrates earth (VIDEO)
Fukushima: Inside the Exclusion Zone (gallery)
'Gold For Bonds' in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times
So this is what they've got to do now to induce bond purchases. -- RF
Radioactive cesium found in Meiji baby formula
Water containing strontium leaked into Pacific: TEPCO

## China ##
China's Hu urges navy to prepare for combat
"Chinese President Hu Jintao on Tuesday urged the navy to prepare for military combat, amid growing regional tensions over maritime disputes and a U.S. campaign to assert itself as a Pacific power."
Vanke Reports Deepest Property Sales Slide of 2011

## UK ##
Public disorder 'one of main issues facing police'
"Public disorder will be 'one of the main issues' facing British police for up to the next three years, according to former Metropolitan Police commissioner Lord Stevens.
"He said it was his 'gut feeling and beyond' that violence on the streets would put officers in 'very difficult' situations."

## US ##
The Pentagon Is Offering Free Military Hardware To Every Police Department In The US
In the US, the military cannot be used to police the populace. Turns out that it doesn't matter. -- RF
Pa. revenue from Marcellus Shale less than expected
"We have maintained that the industry for a long time has overstated the economic benefit of Marcellus Shale gas drilling and understated its impact... This revision by the Department of Revenue is an acknowledgment that their optimistic estimates have not been borne out."
Restaurant Recovery: Not This Year, Not Next, NPD Says
Citigroup Plans to Cut 4,500 Jobs
New York's Trash Costs Climbing Decade After Fresh Kills Closed
Art Cashin On The Possibility Of A "Christmas Rally", And The Certainty Of "The Post Christmas Crash" That Will Follow
Social Security 2011 – Another Bad Year
When a boomtown goes bust: 'Sudden desertion'




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