Thursday, February 23, 2012


News Links, February 23, 2012, evening edition

## Global Ponzi meltdown/House of Cards ##
Germans revive Greek Marshall Plan idea
Shadow economy thrives despite new tax code (Ukraine)
"Various estimates say that 30 to 53 percent of what the nation produces – some $50 billion to $80 billion – remains in the shadows, undeclared and untaxed."
High fuel costs and overcapacity hit NOL
"Singapore's Neptune Orient Lines on Wednesday became the highest-profile container shipping company so far to unveil a slide into negative figures for 2011, when it announced a $478m net loss, on revenue down 2 per cent to $9.21bn."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia warns against 'catastrophic' Iran strike
"Russia has warned a strike against Iran could have 'catastrophic' consequences and urged leaders not to rush into any conclusions after this week's failed mission by UN nuclear experts."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tibetans ask how many more will die in the flames
Taliban urge Afghans to kill "invaders" amid violent protests

## Energy/resources ##
Merchant's Coleman Says Palm Oil to Climb at Least 20% on Declining Supply
Kuwait abandons nuclear programme after Fukushima fallout
NGCP: Mindanao has acute shortage of power (Philippines)

## Infrastructure scavenging ##
Abandoned United Hospital Is Attracting Scavengers
Copper thieves stealing wires hampering service of local rail lines

## Got food? ##
Corn Imports by China Seen Gaining Sevenfold to Record as Demand Increases

## Japan ##
Japan cuts in Iran crude imports could be over 20 percent: media
That's just one-fifth, and they're struggling to cut that much. -- RF

## China ##
Lingering drought disrupts lives of 6 million

## UK ##
London Facing Water Shortage

## US ##
City faces challenge developing vast vacant lots
Must read. It appears that parts of Chicago are looking and behaving like Detroit. And the hoped-for urban renaissance just isn't coming. -- RF
Addicted to Demolition, the Making of an Urban Prairie
"Following 60 years of economic decline and the loss of nearly 319,00 residents the City of Buffalo is now in the unenviable position of owning thousands of vacant residential and commercial properties. The City's housing vacancy rate has climbed from 4.4 percent in 1970 to 17.2 percent by 2010. Much of the urban landscape is now in decay and once vibrant neighborhoods are approaching extinction and others are at risk to follow suit."
America's crumbling transportation infrastructure
AMR in Bankruptcy to Pare NYC Flights in Peak Travel Season
Airline Shares Fall as Oil Prices Rise
"Airlines stocks fell on Tuesday as fuel prices rose, suggesting that investors may be nervous that recent fare increases may not be enough."
Thieves using crazy contraptions to steal hundreds of gallons of fuel from underground tanks (+ video)
"Soaring gas prices may hit your wallet hard, but it's welcoming news for some thieves who see an opportunity on the black market. Investigators have noticed that as gas prices go up, so do the number of people who attempt stealing hundreds of gallons of fuel from the underground tanks at gas stations."

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