Tuesday, March 13, 2012


News Links, March 14, 2012

## Global Ponzi meltdown/House of Cards ##
Forget China. 'Hard Landing' in US, Europe: Strategist
Finance Ministers Clamp Down on Hungary, Spain
"European finance ministers agreed to suspend European Union funds destined for Hungary because of its failure to hit budget targets while, under pressure from other euro-zone governments, Spain agreed to deeper budget cuts than it had planned for this year."
Spain Has 'Worse Problems Than Greece': Analyst
Published: Tuesday, 13 Mar 2012 | 7:24 AM ET"Spain's eye-wateringly high unemployment and the collapse of its real estate market mean that Spain has significantly worse problems than Greece and could threaten the euro zone's new-found, albeit fragile stability, an analyst told CNBC.com Tuesday."
Asian trade deficits: prelude to more money printing?
Japan gives China's yuan $10 billion stamp of approval
"Japan will buy 65 billion yuan ($10.3 billion) of Chinese government debt, the country's finance minister said on Tuesday, giving China a mark of approval in the credibility of the yuan as an international currency.
"Other countries are investing in China through state agencies, but Japan's investment is by far the biggest in the yuan. As a currency with limited convertibility, such bets are symbolic of the shift in global power towards China as the world's fastest-growing major economy."
Kingfisher airlines remain landed unpaid staff didn't turn up
440,000 firms have shut down
"A SHOCKING 440,000 small businesses shut down in the past five years in South Africa."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Taliban threaten to behead U.S. soldiers over civilian shootings
Killing Drug Cartel Bosses Isn't Working, Says Top U.S. General
Dangerous waters: Running the gauntlet of Somali pirates
Russia sees 'no reason' to halt weapon support for Syria
"A Russian official said today that his country will fulfill several existing arms deals with Syria in the latest indication that Russian opposition to foreign intervention is growing."
Kyrgyzstan to U.S.: No Extension of Manas Deal
Netanyahu Raises Prospect of Ground Invasion of Gaza
Photos of 'Cleanup' at Iran's Parchin Site Lack Credibility
Mexico, Brazil, South Africa most at risk for cargo theft: Report

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tibetan teenager self-immolates on anniversary of failed uprising
Protest Turns Heat, Police Fire Tear Gas (Indonesia)
"Central government's plan to rise fuel (BBM) price is continuously protested by the public. Today (3/13), two demonstrations occurred in Jakarta."
Tajik Price Hikes Fuel Unrest Fear

## Energy/resources ##
U.S. asks Saudis to lift oil output from July
"The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July. Saudi Arabia is the only producer with spare capacity and oil importers will rely on Riyadh to fill the gap should Iranian output drop."
OPEC Oil Prices Continue to Rise
A Tough-Oil World: Why Twenty-First Century Oil Will Break the Bank -- and the Planet
Argentina says energy firms must put price cap on jet fuel
EU, U.S., Japan launch rare earth WTO case against China
"The European Union, United States and Japan formally asked the World Trade Organization on Tuesday to settle a dispute with China over Beijing's restriction on exports of raw materials, including rare earth elements critical to major industries."
Europe's water resources 'under pressure'
Power Grid Must Adapt To Handle Renewable Energy
One Year After Fukushima, Nuclear Power Remains Too Costly To Be A Major Climate Solution
IAEA : Older nuclear plants pose safety challenge
From Jhajjar to Farakka, new to old, fuel shortage hits 130 power units (India)

## Infrastructure scavenging ##
How To Protect Your Home Against The Rising Threat Of Metal Thieves
Georgia Power thieves steal $10,000 in tools, wiring

## Got food? ##
Monsanto tests drought-tolerant biotech corn
Record-High Food Prices Boost Farmers' Bottom Lines
But fuel and other inputs are costing an arm and a leg. -- RF
Palm Oil to Climb to One-Year High as Cooking-Oil Supply Drops
"Palm oil, used in everything from candy bars to instant noodles, will advance 4 percent to the highest in more than a year by June as cooking-oil supplies drop to the lowest in more than three decades, a survey showed."

## Environment/health ##
U.S. Causal Link Between Fracking and Earthquakes Deepens

## Intelligence/security/internet/systemic breakdown ##
Dick Cheney deems Canada too dangerous for speaking visit
"Former U.S. vice-president Dick Cheney has cancelled a Canadian speaking appearance due to security concerns sparked by demonstrations during a visit he made to Vancouver last fall, the event promoter said Monday.
"Mr. Cheney, whom the protesters denounced as a war criminal, was slated to talk about his experiences in office and the current American political situation at the Metro Toronto Convention Centre on April 24."

## Japan ##
Japan will continue importing oil from Iran: Ambassador
"'The Islamic Republic of Iran remains one of Japan's key crude oil suppliers. The Japanese government is committed to developing relations in other areas, in cultural spheres and it doesn't see obstacles to scientific collaboration either', the IRNA news agency quotes Japanese ambassador to Iran Kinichi Kumano."
BOJ Expands Loan Program to Fight Deflation
More debt is the only answer they have. -- RF
474,000 tons of disaster rubble remains piled up in nuke crisis no-go zone
Kyushu Electric Forecasts Y170bn Loss For FY11
Gov't to submit bill allowing more part-timers to join health insurance and pension programs
Both programs are in trouble and the government must inject more cash in a bid to maintain viability. -- RF

## China ##
Chinese steel giants turn to scraps
"China's steel industry is feeling the pinch of an economic slowdown and soaring commodities prices. Perhaps the clearest sign so far is the fact that the Chinese steel barons are turning to piggeries and greenhouses to bolster their razor-thin margins."

## UK ##
Teenager arrested for comments made on Facebook page
Looting after bus crashes into Coventry pawnbrokers
"Looters rushed to grab jewellery after a bus crashed into a pawnbrokers in Coventry, according to eyewitnesses."
RBS and Lloyds detail 1,900 job cuts
Britain's trade gap jumped in January
Scottish green energy drive 'may create only 300 jobs'
UK nuclear plans 'put energy in French hands'
"Government plans for nuclear power risk handing control of the UK's climate and energy policies to France, according to four senior environmentalists."

## US ##
Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely
Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed
10 reasons Wall Street will hit bottom, crash
Farming communities facing crisis over nitrate pollution, study says
"Nitrate contamination in groundwater from fertilizer and animal manure is severe and getting worse for hundreds of thousands of residents in California's Central Valley farming communities, according to a study released Tuesday by researchers at the University of California, Davis."
Underground economy: Loads of Tide thieves clean up nationwide
"From Maryland to California, Tide detergent is becoming liquid gold to criminals, who are stealing the bright orange bottles and using them as a form of currency on the streets."
Property tax collections to start downward trend
And this will further pressure municipal finances. -- RF
Banks Sued By North Carolina Official Over Mortgage Registry
Electric-Car Loans Dry Up After Solyndra as U.S. Election Nears
My doomsday tab: $130K on bunkers, guns and more
Retirement scare: 60% of workers have less than $25,000 saved

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