Saturday, March 10, 2012


News Links, March 10, 2012, evening edition

## Global Ponzi meltdown/House of Cards ##
India's Central Bank Cuts Reserve Ratio as Cash Squeeze Threatens Economy
"India's central bank unexpectedly cut the amount of deposits lenders need to set aside as reserves to ease a cash squeeze in the banking system that threatens to deepen an economic slowdown."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Chinese police shoot dead 4 in raid in Xinjiang: report
"Chinese police have shot dead four people suspected of making bombs in the far western region of Xinjiang, which has been beset by ethnic strife and violent unrest, Radio Free Asia reported on Saturday."
Self-immolations in Tibet show no sign of slowing
China's Bo Signals Wealth Gap Breached Unrest Trigger Point
Tempers rise as taps run dry in city (India)
"The BWSSB is facing double trouble. As the water board is struggling to cope with the rising demand in water and increasing gap in demand and supply, incidents of protests by residents has become a daily routine. In many cases, BWSSB field staff have been manhandled by consumers."
Series of protests against rising fuel costs to be held at Grangemouth (Scotland)
"A series of protests against rising fuel costs will be staged outside a Scots oil refinery in the coming weeks."
Nationwide protest against oil prices set (Philippines)
"SEVEN leftist party-list groups will spearhead nationwide protests and a campaign to gather a million signatures against the rising fuel prices to pressure the Aquino administration to remove the value-added tax on oil products, Anakpawis Rep. Rafael Mariano said Friday."
Rights group: Saudi protesters held full year
Public service labour unrest brewing nationwide (Canada)

## Energy/resources ##
Azerbaijan Oil Output Fell in February; Natural-Gas Output Grew
PJIAE meets SOL to seek permanent solution to frequent jet fuel shortages (Bahamas)
New power tariffs on Friday (South Africa)
"Eskom, which provides about 95 percent of the country's power, has been battling an electricity shortage since January 2008, due to a lack of investment in new capacity and ageing power stations."
ExxonMobil admits 2012 output will fall

## Got food? ##
Zimbabwe: Sable Shutdown Threatens Winter Cropping
"THE country's 2012 wheat crop has lurched into another disaster after the Zimbabwe Electricity Supply Authority (ZESA) switched off the country's biggest manufacturer of ammonium nitrate over an electricity bill amounting to aboutUS$37 million."
Egypt Reports February Inflation Accelerated on Increases in Food Prices

## Environment/health ##
Ohio earthquakes linked to natural gas drilling
"The injection of wastewater from natural gas drilling into a disposal well probably caused a dozen earthquakes in Ohio, officials said Friday as they announced new regulations to deal with the issue."
Solar storm shakes Earth's magnetic field, minor problems reported
As sea levels rise, Kiribati eyes 6,000 acres in Fiji as new home for 103,000 islanders

## Intelligence/security/internet/systemic breakdown ##
Hospitals depart from standard practices as injectable drugs become scarce
"Injectable drugs are so scarce in Canada that doctors across the country are being forced to restrict their use and depart from standard hospital practices."
Nigeria is failed state. What remains is its disintegration—Eleazu

## China ##
China Has Largest Trade Deficit Since 1989 as Imports Gain
Retail sales growth slows down
"CHINA'S retail sales rose less than expected in the first two months of this year, denting the country's hope of relying more on domestic demand to sustain growth in the world's second-largest economy."
China protests at India cotton export ban

## US ##
Rising diesel prices driving truckers crazy
Banks foreclosing on churches in record numbers
"Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data."
Harrisburg, Pennsylvania, Set to Default on $5.27 Million GO Bond Payments
NRC Requires Reactor Blackout Plans in First Fukushima Rules
Another Plunge in 3-Month Rolling Average of Petroleum and Gasoline Usage
Report: Military Engineer Shortage Could Threaten Security: A STEM shortage could create an employment crunch at the Department of Defense
Beef, Laundry Detergent Prices Expected to Rise in 2012
$10B hole in state budget because of unpaid taxes (California)

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