Monday, January 02, 2012


News Links, January 3, 2011

## Global economic meltdown ##
Factory output subdued going into 2012
"Global manufacturing activity was subdued going into 2012, with the euro zone's industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a rut."
Asia Manufacturing Picture Clouds
Eurozone manufacturing decline persists, PMI survey says
Brazilian manufacturing still contracting
Hungary manufacturing sector contracts further in Dec 2011
Dutch Manufacturing Fell for Fourth Month as Employment Shrank, NEVI Says
Hyundai Heavy Expects Difficult Year
Austerity reigns over Euro zone as crisis deepens
Life Insurance Industry Reeling Under The Effect of Negative Growth (India)
Insurance companies struggling in new economy (Canada)
Bleak Outlook for the Insurance Industry (US)
Biggest Economies Face $7.6 Trillion Bond Tab as Rally May Fade
"Governments of the world's leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs."
Moody's: Greatest risk to Israel's rating - security
Spain public deficit may top 8 percent: minister
China, India Manufacturing Grows as Europe Struggles
But they can't continue growing if the rest of the world is going down the tubes. And both countries have serious energy shortages. -- RF
China Export Orders Show Threat From Europe

## Fault lines/flashpoints/military ##
Iran refuses to fuel certain airlines
Iran tests missile that could hit US bases, Israel
Iraqi civilian deaths climb in 2011: study
Saudi Arabia seeks arrest of 23 Shi'ites for unrest
Deadly Turkish strike felt by Kurdish refugees in Iraq
Iran currency plunges 10% as US strengthens sanctions
Rebels seize two military checkpoints in Syria
Syria: Arab League secretary general concedes monitors have failed to stop killings
Obama Makes Arms Sales A Key Tool Of U.S. Foreign Policy
Obama's change: From kidnapping and torture to assassination
Chinese military bases are about more than just naval supplies and protecting trade routes

## Global unrest/mob rule/angry people ##
Nigerian anger heats up as petrol prices rocket
"Nigerian motorists and unions vented their anger Monday at a sudden more than doubling of fuel prices, a day after government subsidies were removed in a sweeping economic reform that could trigger mass protests."
Tens of thousands protest against Hungary government
Greece sees first strike of 2012 as doctors protest
Occupy protest follows 123rd annual Rose Parade
Gas-price increases anger Pakistanis
"Transportation slowed Monday across Pakistan because of protests, some violent, over price increases for gas and other petroleum products."
JI announces full support to mass protest against outages, gas shortage (Pakistan)
"Announcing all out support to the protest movement by industrialists, traders and workers against fuel price hike, stoppage of gas to industries and prolonged loaf shedding of electricity, the Jamaat-e-Islami has urged the people from all walks of life to join the JI countrywide protest on the issue."
Kashmir power cut protest turns deadly
"At least one person killed when Indian troops open fire on protesters angered by electricity outages in winter weather."

## Energy/resources ##
Pemex oil output slips for 7th year
Lights out: For India, a Power Failure Looms
"Almost a decade ago, India's government, seeking to overcome one of the biggest challenges to the nation's development, set an ambitious goal: electric power for all by 2012.
"Instead, as the target date of March nears, the power sector is in shambles, and its dire state threatens India's economic prospects at a time when a high inflation rate, a burgeoning government budget deficit and ripples from the European financial crisis are already damping growth."
Even higher costs and more headaches ahead for nuclear power in 2012
"A new paper presented by Mark Cooper, senior fellow for economic analysis, Institute for Energy and the Environment, Vermont Law School, suggests that the cost of nuclear power, which already had risen sharply in 2010 and 2011 before the Fukushima disaster, could climb another 50% due to tighter safety oversight and regulatory delays in the wake of the reactor calamity in Japan. The Cooper paper is available online at <>."
Pakistan to Produce Natural Gas - By Burning Underground Coal
What is Both Sustainable and Renewable that Makes Financial Sense Today?
Although MSW power production might seem like a win-win solution, it's actually a system which merely feeds off the detritus of the petroleum economy. -- RF
India Raises Iron Ore Export Tax
Gas Prices Rise 30% in Myanmar

## Infrastructure scavenging ##
Thieves stole £13m of metal from railways, say police (UK)

## Got food? ##
India's wheat production may be hit by ongoing weather
Wheat Futures Rise in Record Rally
On eve of caucus, a different boom in Iowa: Real estate prices soar for farmland
We've Lost Nearly All of Our Wild Foods

## Environment/health ##
Egypt's Red Sea Sharks Face Extinction
Deadly Chile forest fires spread
Britain braced for gale force winds

## Intelligence/security/internet/systemic breakdown ##
The cybersnoops are always one step ahead of ministers (UK)
"Most people would assume – and certainly hope – that the emails of a serving Chancellor could not be read by a newspaper looking for a story.
"Because if a journalist can access someone like Gordon Brown's personal correspondence just imagine what the Chinese are reading."
Govt working on defensive cyberweapon / Virus can trace, disable sources of cyber-attacks (Japan)

## Japan ##
No-man's land attests to Japan's nuclear nightmare
Happy New Year! -- RF
Gov't, TEPCO to negotiate over use of public funds
Different radiation standards add to confusion
Euro Touches 11-Year Low Against Yen
Japan IMF stress-test results coming soon: report

## China ##
Gushan announces significant drop in biodiesel production
China's Low-Cost Housing Boom (MarketWatch video)
"Building low-cost housing projects is part of the Chinese government's plan to restructure its housing sector. But some say it's a risky strategy for the already shaky real estate industry."
Mayan property risk looms for China

## UK ##
Commuter pain as rail fare rises take effect
Benefits change prompts affordable house shortage fear

## US ##
Ohio suspends well operations after series of quakes
Treasuries Rise on Europe Crisis, Gain Most in a Year Since 2008
New York firebomb attacks hit mosque, Hindu site
"New York police are investigating as bias crimes four Molotov cocktail attacks on Sunday night including one against a mosque with 75 people inside and another against a Hindu place of worship."
Ron Paul Had Accurate Conspiracy Theory: CIA Was Tied To Drug Traffickers
Formerly Great Cities All Over America Are Turning Into Open, Festering Sores
Happy New Year! -- RF
Man arrested in connection with L.A. car fires
In Mortgage Crisis, Some Banks Agree To Cut Losses
U.S. Farmer Optimism Rises on Harvest, Profits

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