Sunday, April 01, 2012


News Links, April 2, 2012

## Global Ponzi meltdown/House of Cards ##
Cashless: The Coming War on Tax-Evasion and Decentralized Money
"There are two major trends taking place that are shaping up as a recipe for disaster. On the one hand, we have massively indebted governments around the world desperate for tax revenues and, on the other, steadily growing multi-trillion underground economies whose main goal is to avoid paying them."
ECB cuts Ireland no slack over IOU repayment
"The European Central Bank cut Ireland no slack on its push to reschedule payments on 27 billion euros worth of high-interest IOUs, leaving Dublin to lobby other lenders that mounted a rescue to ease the pain of its bailout cost."
Abu Dhabi to add 23,000 residential units in 2012

## Airline Death Spiral ##
Govt loses crores as airlines' cheques to AAI bounce (India)
Jet fuel prices raised 3 percent, air fares could rise (India)
Airlines Increase Jet Fuel Surcharge For China Routes By 10% -Report

## Fault lines/flashpoints/powder kegs/military/war drums ##
Man whose WMD lies led to 100,000 deaths confesses all
Russia to Send New Anti-Piracy Force to Gulf of Aden
US State Department: 'Too Much Water to Patrol' in Fight Against Somali Pirates
"Efforts to combat piracy off the coast of Somalia have had the unintended consequence of pushing pirates farther out to sea and giving them more control of the Indian Ocean, said the State Department's lead official on counter-piracy policy."
Far-Right European Movements Unite
Report: Israel's Mossad scales back covert operations in Iran
Do Israeli-Azeri Ties Portend Conflict With Iran?
Clinton: Time Running Out for Diplomacy With Iran
Clinton: "regret" over closure of US-backed group in Dubai
Argentina warns banks off Falklands oil links: report
"The Argentine government has threatened British and American banks with legal action over giving advice or even writing research reports about companies involved in the Falkland Islands' nascent oil industry, the Sunday Telegraph reported."
Syria conference: Gulf countries to fund rebels
"An international coalition said Sunday that it will provide funding and communications equipment to Syrian rebels and opposition activists, reflecting a shift toward military options that might oust Syrian President Bashar Assad after a year of failed diplomacy aimed at stopping his crackdown on dissent."
Assad tightens grip on Syrian borders, cutting rebel supply routes
Pakistani president Asif Ali Zardari to visit India 'soon'
Hu wants Cambodia help on China Sea dispute, pledges aid
"Chinese President Hu Jintao asked close economic ally Cambodia on March 31 not to push talks on the vexed issue of the South China Sea 'too fast' as he pledged to double bilateral trade to $5 billion and announced fresh aid to the impoverished country."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-capitalist battles injure 15 police in Frankfurt
"At least 15 German police officers were injured, one seriously, during rioting that lasted into Sunday morning, following an anti-capitalist protest in Frankfurt, police said."
Photos: Barcelona riot police clash with demonstrators during strike in Spain
Thousands in Hong Kong protest Beijing's interference
Russia shuts Red Square, detains dozens of activists
Security beefed up to contain public anger against power outage (Bangladesh)
"The authorities concerned have tightened security across the country fearing spontaneous outburst of consumers' anger against frequent power outage, officials said on Sunday."

## Energy/resources ##
Be prepared for a cruel summer this time (India)
"New Delhi: The shortage of coal and gas may cripple the country's existing power generation capacity during the summer.
"The crisis is likely to worsen, a report published in a leading national daily said. The power ministry has fallen 8,000mw short of the 11th plan target — ending March 31 — of an additional capacity of 62,000 mw due to the fuel shortages, the report added."
CPC Still Running At A Loss (Sri Lanka)
"Despite the government imposing a major hike in fuel prices in February, the Ceylon Petroleum Corporation (CPC) is still facing a severe financial crisis, trade unions said.
"Secretary of the Jathika Sevaka Sangamaya (Petroleum Branch) Ananda Palitha said that the CPC is facing a severe financial crisis as a result of supplying fuel on credit to government institutions."
Iraq will increase Kirkuk crude exports by 20pct
Kurdish oil exports stopped in payment dispute with Baghdad
"The regional government in Iraqi Kurdistan has ordered oil producers in the region, including Norway's DNO, to halt exports in a payment conflict with the central government in Baghdad, the regional oil ministry and DNO said on Sunday."
Asia struggles to cut soaring fuel subsidies
Oil ends quarter up 14% on Iran, supply problems
Lubricating oil, grease industry to hit 10 bn gallons by 2017
Unprecedented: After diesel, petrol smashes Rs100 barrier (Pakistan)

## Got food? ##
Stealth GMOs Rapidly Consuming Global Food Supply
Planned Corn Planting Hits Seven Decade High (US)

## Environment/health ##
Are Boys Turning in to Girls Because of Man Made Chemicals?

## Intelligence/security/internet/systemic breakdown ##
ACLU: Cops tracing more cell phones
"Police departments around the United States are increasingly using cellphone tracking services, records reviewed by the American Civil Liberties Union show."
China Curbs Web Commentary
Orbiting White Elephants: Military Satellites Don't Perform as Planned
"Delays and cost overruns in military and spy satellite programs are well known. The spiraling cost of launching the spacecraft is another challenge facing the community. Less talked about are the ground segments of space programs."

## Japan ##
Fukushima fishermen hopeless after nuke contamination postpones fishing season
Foods with excessive radiation under new rule found in 8 prefectures
TEPCO raises electricity charges for some corporate customers
Utilities face 1.5 trillion yen in losses as fuel costs rise
"Japan's 10 regional electric utilities are projecting a combined net loss of 1.5 trillion yen ($18.3 billion) for the fiscal year through March 31, as increased fuel costs for thermal power generation have hammered their bottom lines."
Sharp Proposes 2% Wage Cut For Business Recovery

## China ##
Why China's sewing machines could go silent
China hitting a crossroads over land development
China says manufacturing expands

## UK ##
Email and web use 'to be monitored' under new laws
"The government will be able to monitor the calls, emails, texts and website visits of everyone in the UK under new legislation set to be announced soon."
Petrol queues ease as threat of Easter strike is dropped
Fuel prices could spike by 10p this week amid fears forecourts will remain dry until Friday
Are the lights about to go out all over Britain?
"With plans for the country's nuclear sector in tatters after RWE and E.ON decided to pull out, questions are being asked about Britain's energy strategy."
Charities in crisis as austerity bites

## US ##
Region's electric future is dimming
Depths of foreclosure crisis difficult to measure
A power plant, cancer and a small town's fears
Get Ready for the Crackdowns
"The show of paramilitary force at the national party conventions held since the 9/11 attacks has been nothing less than shocking, though the vast majority of America doesn't know it because they weren't there, or they simply don't care."
Ron Paul Rally in Wisconsin Draws 5,200! Media Blacks It Out
Gas Nears $4, As WTI Crude Rises Over 4% In The Quarter

And finally… Moose calling competitors go all out

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