Friday, March 09, 2012


News Links, March 10, 2012

## Global Ponzi meltdown/House of Cards ##
Greece Deal Triggers $3B in Default Swaps: ISDA
Brazil's slowing growth: From BRIC to brick
China drop to hit house prices hard (Australia)
Prepare for Major Haircuts on Portuguese Debt (Mish)
Car Companies Face Dying Growth In Chinese Market
The global youth unemployment crisis
Iceland calls its former PM to account for financial crash
Canada faces nationwide injectable drug shortage
"Canada faces a national shortage of key surgical drugs after a fire at a major manufacturing plant halted production."

## Airlines on the Ropes ##
Singapore Air asks pilots to volunteer for no-pay leave
"Singapore Airlines Ltd, the world's second-largest carrier by market value, said on Friday it has asked its pilots to volunteer for a no-pay leave of up to two years as the industry was hit by weak demand and soaring jet fuel prices."
SilkAir moves to hike fuel surcharge
"ASIAN AIRLINE SilkAir (Singapore) Pte. Ltd., which has operations in the Philippines, wants to hike the fuel surcharge it collects from its passengers amid rising fuel costs, a published notice on Friday showed."
Qantas Asian airline in doubt as Malaysia talks fail
Qatar Airways chief says IPO postponed for years
"Any stock market flotation of Qatar Airways has been pushed back by several years due to wider economic turmoil, the chief executive of the state's flag carrier said…
"'I think quite a few airlines will go belly-up in Europe and some other parts of the world.'"
Aviation Fuel Scarcity Hits Airlines Operation (Nigeria)
Airfares climb, routes disappear as fuel prices rise (US)
Part scavenging: Savings at the Jet Junkyard
"The secondhand market for aircraft parts is booming, as airlines snap up spare engines and other components from cannibalized planes, which are cheaper than new parts from original equipment makers. From 2009 to 2011 about $2.5 billion worth of spare parts entered the market, according to aviation data provider Ascend Worldwide."
Don't Expect Cheaper Airfare in Next Decade
Kingfisher Air Passenger Says Never Again as Cash Crunch Disrupts Flights
Airline Leaving Rural Airports (US)

## Fault lines/flashpoints/powder kegs/military/war drums ##
Shell Confirms Report That Company Will Stop Buying Iran Crude: Spokesperson
India on diplomatic tightrope as traders head to Iran
"A 70-member Indian trade delegation headed to Iran on Friday to explore "huge" commercial opportunities created by US-led sanctions against the Islamic republic over its disputed nuclear plans."
India to US media, Israeli lobby: back off on Iran oil charges
"Tired of being skewered for buying oil from Iran, India slammed the pro-Israeli lobby and US media on Tuesday for projecting a "distorted picture of New Delhi's foreign policy objectives and energy security needs" by using data selectively about its imports from Iran."
Gaza militant assassinated by Israel, sparking fears of wider violence
Pakistan appoints new spy chief
Indian ban hits Israel's defense industry

## Global unrest/mob rule/angry people/torches and pitchforks ##
Local Virginia organizers team up with Occupy, unions for the public's divided attention
Anti-Putin activists plan Moscow street protest
Tens of thousands demand democracy in huge Bahrain protest
Iraqi Shiites protest against Bahrain
"Supporters of influential Shiite cleric Moqtada Sadr rallied in the Iraqi capital, saying Bahrain's king should be barred from an Arab League summit."
Beijing clamps down after self-immolations in Tibetan areas
Spanish unions call general strike to protest new conservative government's reforms
Police protest austerity (Portugal)
"More than 1,000 Republican National Guard (GNR) officers demonstrated in front of the Internal Administration Ministry late last week to protest austerity measures affecting the paramilitary police force, according to organizers."

## Energy/resources ##
RIP, when there is power at crematoriums (India)
"If you think that the power shortage is affecting only the living souls, then you may have to change your opinion. Due to the power crisis, electrical crematoriums in the city are finding it hard to burn the dead bodies brought for cremation."
Nuclear Lobby Pushes Ahead with New Reactors
Fuel Oil Spread at 11-Month High on Limited Supplies, JBC Says
"The premium of low-sulfur fuel oil over its higher sulfur equivalent is at its highest level in 11 months because of limited supplies in northwest Europe, according to JBC Energy GmbH."
Iran ready to increase electricity exports to Iraq: Iranian minister
For power shortage.. No water to Gazan homes
Rare Earths Supply at Risk Due to Growing Shift to Green Energy
Brazil Sugar-Cane Growers to Invest $3.4 Billion to Renew Crops

## Infrastructure scavenging ##
Thieves saw down electricity poles as metal thefts spiral (UK)
Chicago area leads nation in copper thefts
BIR Non-Ferrous Metals World Mirror update
"Global: Thefts from containers bound for ports in the south of China 'are seemingly on the increase', with the result that some insurers are now reluctant to issue cargo insurance or are threatening to increase their rates to the region. In addition, there is evidence of suppliers opting for alternative destinations.
"There is claimed to have been an escalation in these thefts since the Chinese New Year, with some importers claiming losses in February alone amounting to hundreds of thousands of US dollars. In what appears to be an increasingly organised crime wave, the perpetrators are targeting high-value items such as No 1 and No 2 copper, as well as brass."
Thieves target homes as tornado victims begin cleanup (US)
Thieves targeting city's storm drains in Benton Harbor (US)
FBI: "Copper Thefts Threaten U.S. Critical Infrastructure"

## Got food? ##
'Saving Seeds For Survival When The Food Supply Chain Breaks Down' Was Published Today by The Absolute Rights Newsletter
13 million people threatened by food crisis: Oxfam
"About 13 million people living in west and central Africa face a major food crisis unless immediate action is taken, humanitarian group Oxfam warned Thursday."
Global soybean price rises on lower stocks and high demand
Mexico withers under worst drought in 71 years
"Some 2.5 million Mexicans are affected by this extreme drought, which could cause widespread hunger for years to come."
Crop Input Costs Higher in 2012
Argentina Will Delay Corn Export Permits Until April
"Argentina, the world's second- largest corn exporter, will delay granting more export permits for the grain until April as it studies crop damage caused by a drought, Agriculture Minister Norberto Yauhar said."

## Environment/health ##
In pictures: Australia flooding (gallery)
World seabird numbers still falling, says a new review
Sun continues to spew
"The sun continues its active streak this week, spitting out yet another solar flare from the same region that produced two powerful eruptions this week."
Soap-making for the beginner

## Intelligence/security/internet/systemic breakdown ##
Obama signs anti-protest Trespass Bill
"Only days after clearing Congress, US President Barack Obama signed his name to H.R. 347 on Thursday, officially making it a federal offense to cause a disturbance at certain political events — essentially criminalizing protest in the States."
Survival Skills: Scavenge A Vehicle For Survival
Drones, Dogs and the Future of Privacy
The FBI, The CIA, Homeland Security, The Federal Reserve And Potential Employers Are All Monitoring You On Facebook And Twitter
Antisec hackers hit US police store after FBI arrests
"Hackers identifying themselves with the Antisec movement have attacked the site of a company that sells equipment to US law enforcers such as the police."
The cost of America's police state
"Hundreds of billions have been spent to militarize our nation against a terrorism threat that barely exists"

## Japan ##
Analysis: Weak yen no growth tonic as Japan's fuel bill swells
Japan tsunami anniversary: Return to Kawauchi, the ghost town
Crippled Japanese Reactors Face Decades Of Work
Japan nuclear industry nears shutdown
Fukushima town gives TEPCO a bill for 19 billion yen
High thyroid radiation levels found in Fukushima residents
Record high for youth suicide / Suicide rates among students increased nearly 11% last year
Not everyone is filled with hope by all the relentlessly upbeat propaganda in the media. -- RF
One year on, Chiba Prefecture faces mountain of problems including incinerated ash
Japan Disaster: A Year Later: Without a blueprint
Life getting worse for many Fukushima residents: Mainichi poll
Summer power crunch looms large

## China ##
Ex-PBOC Vice Gov: Banks May Need To Absorb Some Losses On Local Government Debt
"BEIJING -(Dow Jones)- A former vice governor of the central bank said Friday that local government debt is controllable but banks may have to absorb some losses."
More China easing seen as data shows economy slowing
S&P: China developers getting closer to "downgrade thresholds"

## UK ##
Half of UK's young black males are unemployed

## US ##
Demand for 'survival services' rises in US cities
"Many cities across the United States are still scrambling to help their residents overcome the economic recession that officially ended more than two years ago, according to a survey released on Friday by the National League of Cities."
Some cash-strapped Indiana counties return to gravel roads instead of paving with asphalt
January trade gap widens as imports hit record high
FAA Expects Travel on US Airlines to Nearly Double in 20 Years
You've got to wonder if the FAA people are living on the same planet. Airlines in many countries around the world are struggling, and the situation in the US is among the worst. -- RF
MF Global execs could still get bonuses: report
Camping by necessity: an American homeless family
API ratchets up pressure on Obama
Business Owners Struggle to Weather 'Energy Price Storm'
More Boomers Selling Homes, but Who Will Buy Them?
Foreclosure sales flood market
Consumer Fear of High Gas Prices Spreads
Fuel Truck With 1,500 Gallons Stolen
Study: Suicide rates among army soldiers up 80 percent

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