Sunday, February 26, 2012


News Links, February 27, 2012

## Global Ponzi meltdown/House of Cards ##
Germans overwhelmingly oppose Greek bailout: poll
"Germans overwhelmingly oppose further aid for Greece, according to opinion poll released on Sunday, one day ahead of a vote in parliament on a new Greek bailout package where Chancellor Angela Merkel may be forced to rely on opposition support."
German Interior Minister Says EU "Should Create Incentives for Exit That Greece Cannot Turn Down"; Greece Delays Swap Until March 8 (Mish)
ECB Prepares to Open Loan Spigot Again in Debt Crisis
G20 inches toward $2 trillion in rescue funds
There isn't enough money in the world to stave off the debt crisis. -- RF
Europe's falling economy hits Big Pharma
"The problems within the Eurozone have led to national governments spending less on healthcare. This has impacted upon the profits of the major pharmaceutical companies who have seen a decline in their share prices as a result."
Billions in bank funds take flight from Syria
"Close to 100 billion Syrian pounds (Dh6.41bn), more than a fifth of all funds on deposit, has left the Syrian banking system since the conflict began last year."
Indian government paralysed, but PM blames others
Alternative currency? Britain's stolen gum ends up as change in Romanian shops
"Chewing-gum theft has become big business for criminal gangs who smuggle the confectionery across Europe to be used as a substitute for cash on the streets of Romania."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Egypt presses ahead with NGO trial of Americans
Rising oil prices fuel piracy in oil-rich Gulf of Guinea
Seven U.S. soldiers wounded after Afghan NATO base attacked
Analysis: Oil price rise raises specter of global recession
"A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing compared to the economic shock an Israeli attack on Iran would cause."
A "recovery" was never in the cards. And "recession" is morphing into depression. Get ready. -- RF
Iran says has not refused oil to Greece: ISNA
"Iran said Sunday it had not blocked an oil shipment to Greece, denying earlier reports it had done so in retaliation to the EU phasing in a ban on its key export, the Iranian Student's News Agency (ISNA) reported."
Niger warns against travel to Libya as tensions rise
'US to announce aerial blockade on Syria' (Ynet News)
Russia's Putin warns against attacks on Iran, Syria
"Prime Minister Vladimir Putin said Russia is concerned about the 'growing threat' of an attack on Iran over its nuclear program, warning that the consequences would be 'truly catastrophic.'"
U.S. Fighting On the Same Side as Three Terrorist Groups In Syria
Brzezinksi says US will not support Israel if it attacks Iran (video)
Will Saudi Arabia Support an Israeli Attack on Iran In June?
"One of the great cliches of war-craft is that the enemy of my enemy is my friend. This expression comes to mind in considering the plausibility of a claim made in my recent conversation with a weapons dealer. He thinks that this June, Israel will use Saudi Arabia as its base for an attack on Iran's suspected nuclear site."
Saudi Arabia Says Iran Warships Visited for Training
"Iranian warships that docked in Saudi Arabia this month were part of a 'training tour for students' in the Islamic republic's navy, the state news agency SPA reported on Feb. 25."
Iran, Lebanon Talk Defense Ties, Slam Israel
"Iran and Lebanon talked up their defense ties and warned Israel against any aggression, during a visit to Tehran on Feb. 26 by Lebanese Defence Minister Fayez Ghosn."
New York Times: US Intelligence Says Iran Not Developing Nukes
Britain draws up battle plan against Iran (Economic Times)
Israel inks $1.6 billion arms deal with Azerbaijan
Drone Makers Cashing in as War Tactics Evolve

## Global unrest/mob rule/angry people/torches and pitchforks ##
Oil firms, Aquino warned of nationwide protests vs oil price hikes
Saudi king says 'foreign hands' behind Arab unrest
New Palestinian protests indicate West Bank unrest is due to erupt
Anti-Putin protesters form human chain in Moscow
Quran burning protests rage on, injuring 7 more troops
Chicago Workers Occupy Factory, Win Concessions
Out of the public eye, China cracks down on another protesting village

## Energy/resources ##
Security in doubt as Australia's aging oil refineries shut down
"The looming closure of three Australian refineries will affect the security of liquid fuel supplies in Australia. This is particularly so if the government and the oil industry do not devise a joint strategy with which to respond to potential supply disruptions."
Government considers fuel rationing or pricing formula (Sri Lanka)
"The Government is considering the introduction of fuel rationing or a fuel pricing formula in the face of skyrocketing oil prices while steps are being taken to cut energy consumption in state institutions, Finance Ministry and other official sources said."
U.S. did not call for strategic oil release: G20 sources
"The United States did not openly call for a release of countries' strategic oil reserves during Group of 20 meetings this weekend, Group of 20 sources said on Saturday."
KESC suspends electricity to pumping stations in Karachi
"Electricity of pumping stations was cut-off by Karachi Electric Supply Company (KESC), causing shortage of water to Karachi on Saturday...
"MD KWSB said that the shortage could turn into disaster for Karachiities as almost 5.5 million gallons water was supplied to Karachi through these pumping stations."
Helium crisis strikes fear in balloon industry
UAE petrol prices are third highest in Arab world
Britain reportedly joins dash to explore for oil in Somalia
Germany's Faster Subsidy Cuts To Add To Solar Companies Woes

## Infrastructure scavenging ##
Metal theft grows rampant in Surrey (Canada)
Metal theft epidemic in South Cumbria (UK)

## Got food? ##
Compost Made Easy
Bill Gates: We Need Genetically Modified Seeds
"Gates' yield-increasing claims widely refuted by studies"
Seattle to Create Nation's First Public Food Forest
Campus food banks help students through tough times (US)
Greek farmers offload crops at cost price
"Hammered by the financial crisis that has led to ever diminishing income, a group of residents in northern Greece have joined forces with potato farmers to slash consumer prices and ensure producers can get their crop to markets by cutting out the middle man."

## Environment/health ##
2nd New York State Judge Upholds Fracking Ban In Towns

## Intelligence/security/internet/systemic breakdown ##
Sorry, America: Your wireless airwaves are full

## Japan ##
Fire alarms and Smoke reported at Kashiwazaki Kariwa – TEPCO Has Not Confirmed External Leakage
"Japanese media outlets are reporting around 11 pm Sunday night, TEPCO's Kashiwazaki-Kariwa nuclear power plant's fire alarms activated, and smoke was seen rising from the Unit 5 area. According to TEPCO, external radiation monitors have not detected any increase of radiation dose around the station from a leak of radioactive materials."
City councilor to measure radiation in Mizumoto park the first was found dead
3 mayors snub Hosono, Hirano over radioactive waste storage plan
Hospitals in disaster zone hobbled by staff shortages
Japan Poised To Boost IMF Support Once Europe Acts
"Japan is keen to begin detailed talks on boosting the International Monetary Fund's resources to help cope with the global financial crisis, the country's finance minister said Saturday, but he stressed that Europe must first take action to bring its debt crisis to an end."
AIJ submitted false reports 'for several years'
"An investment advisory firm that lost 200 billion yen of corporate pension funds it was entrusted to manage has told the Securities and Exchange Surveillance Commission that it submitted false reports to the Kanto Local Finance Bureau for several years."
Firms move to secure fish at home, abroad
"Amid growing global demand for marine products, major Japanese trading companies are accelerating investments at home and abroad to secure a stable supply of such fish as salmon and tuna."

## China ##
Weibos: China clamps down on popular microblogs
China to double rare-earth exports

## UK ##
Going bussed: economy and tuition fees drive the young away from the car
"Sales of coach and train discount cards surge as driving becomes a minority pursuit among cash-strapped students"
Osborne: UK has run out of money
"The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted."
Over 9 million could be living in fuel poverty by 2016

## US ##
Wyoming House advances doomsday bill
"State representatives on Friday advanced legislation to launch a study into what Wyoming should do in the event of a complete economic or political collapse in the United States."
Minnesota's controversial deadly force bill advances
Beverly Hills goes vacant
"The 90210 crowd are abandoning their underwater mansions in increasing numbers. Is this a bad sign for the rest of the country?"
Our Depraved Future of Debt Slavery (Part II) (Automatic Earth)
The Postal Service's Plan: Worse Service, Higher Prices
How long before the Pony Express comes back? -- RF

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