Wednesday, April 11, 2012


News Links, April 12, 2012

## Global Ponzi meltdown/House of Cards ##
Spain Stands By Austerity
"Spanish industrial production fell at an accelerated pace in February, the latest sign that the euro zone's fourth-largest economy remains mired in contraction, as Prime Minister Mariano Rajoy expressed renewed support for deep spending cuts."
Nokia warns of losses in first and second quarters
Analysis: Egypt's Brotherhood raises stakes by excluding IMF
"The Brotherhood's candidate for president, Khairat al-Shater, said this week the group would not accept an International Monetary Fund loan unless its terms were changed or a new government was formed to monitor how it is spent, demands that almost certainly won't be met."

## Fault lines/flashpoints/powder kegs/military/war drums ##
West African Pirates Using Motherships
Five killed in bombings targeting Shi'ites in Iraq
Greece: Oil Smuggling Helps Define the 'Parliamentary Mafiocracy'
Sudan oil war heats up, north mobilizes

## Global unrest/mob rule/angry people/torches and pitchforks ##
Witnesses: mob violence on rise in Bahrain
"Mobs with iron rods and sticks ransacked a supermarket belonging to a major Shiite-owned business group Wednesday, a company official said, as part of a spike in violence in the Gulf nation in retaliation for a bomb attack on police."
Spain accused of 'draconian' plans to clamp down on protests

## Energy/resources ##
SOCAR: Turkey pipeline under way in fall
"Azerbaijan's state-owned oil and gas company said this week work on the proposed Trans-Anatolian Pipeline across Turkey will begin this year."
Oil explorers now piling into Africa
Metro Brownouts Loom (Philippines)
Facing Energy Shortage, Argentina Steps Up Pressure on YPF-Repsol

## Environment/health ##
NWF says gulf oil spill threat long term
"With the second anniversary of the Gulf of Mexico oil spill approaching, the National Wildlife Federation warned of long-term ecosystem challenges."

## Intelligence/security/internet/systemic breakdown ##
Exponential Economist Meets Finite Physicist
How the Cloud Democratizes and Complicates Disaster Recovery

## Japan ##
TEPCO to sell additional 800 properties to raise funds for compensation
Tokyo metropolitan government now top TEPCO shareholder

## China ##
China's auto sales fall 3.4% in first quarter
"Vehicle sales in China fell 3.4 percent year on year in the first three months of 2012, an industry group said Wednesday, as the world's largest auto market slows.
Chinese Developer Stumbles
"A property developer in China's Hangzhou city has filed for bankruptcy protection, falling victim to the government's two-year campaign to rein in property prices and pointing to wider problems ahead in the country's real-estate market."
China's gold imports surge 587% in 2012: HKCSD

## UK ##
IMF warns of £750bn pensions time bomb
"Britain's ageing population is threatening a pensions time bomb that could cost as much as £750billion, the International Monetary Fund has warned."
London 2012: Heathrow Airport 'may not cope during Olympics'

## US ##
Record Government Deficits Continue In U.S.
FDA: Stop giving antibiotics to animals
Taxpayers pay millions to mow lawns of foreclosed homes
"American taxpayers own close to 200,000 vacant houses, and over the next year they will spend more than $40 million just to mow lawns at these properties. Taxpayers also foot the bills to paint walls, fix cabinets, plant flowers and more -- expenses that just last year, exceeded a half a billion dollars."
Iran-fueled oil price spike biggest threat to economy
East Coast To Suffer Gas Shortage, Higher Prices?

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