Friday, April 20, 2012


News Links, April 21, 2012

## Global Ponzi meltdown/House of Cards ##
BRICS demand bigger IMF role before giving it cash
IMF Raises $430 Billion To Fend Off Future Problems
It won't be enough. -- RF
POSCO may raise prices to overcome bleak business conditions - Analysts (Korea)
"At every opportunity POSCO head Mr Chung Joon yang gets these days, he complains about bleak business conditions facing the world's third largest steelmaker. He gripes about the surging prices of iron ore and other raw materials, and the global oversupply of steel products.
"The CEO has not publicly said it but it is a widely held belief that he wants to raise prices of POSCO's products, a move that would certainly draw strong protest from shipbuilders and other companies that buy a wide range of goods from the steelmaker."
Auto Resin Shortage May Strike Europe, Credit Suisse Says

## Airline Death Spiral ##
Even super-slow steaming can't help the air freight business
American Airlines' unions push for merger with US Airways
Hong Kong okays airlines' fuel surcharge hike

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kenya, Somalia border row threatens oil exploration
Argentina seeks Petrobras collaboration in YPF
Gazprom-Vietnam: All Hands on Deck in South China Sea
"Argentine Planning Minister Julio De Vido approached Brazil and its state-run oil company Petrobras on Friday to invite greater investment and collaboration with oil company YPF, which the government announced this week it would seize."
Crisis heightens regional tensions in Spain
Iran builds submarine force in Persian Gulf face-off
"Iran has been building up its submarine fleet with mainly indigenously built boats considered ideal to carry out Tehran's threat to close the Strait of Hormuz."
Germany and France try to curb open borders
"Germany and France are seeking to curb free movement in Europe by demanding the right to reintroduce unilateral border controls to stem the flow of illegal immigrants entering the European Union."
Karzai Demands 'Accelerated' Withdrawal After LA Times Photos

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protests rage as Bahrain Grand Prix practice begins
African Minerals workers riot in Sierra Leone
Two Tibetans set themselves on fire in China
Attorney warns of violence if university snuffs out Colorado 4/20 protest
Farmers protest outside PM's office, warn of food shortage
Thousands protest high cost of living in Honduras
Egyptians mass to demand army retreat from power
"Tens of thousands of Egyptians demanded on Friday that their military rulers stick to a pledge to hand over power by mid-year after a row over who can run in the presidential election raised doubts about the army's commitment to democracy."

## Energy/resources ##
BPCL seeks diesel cargo on domestic supply shortage: Source (India)
Namibia's plans to deal with power shortage
"Namibia's state owned electricity supply utility NamPower has asked for a 10% reduction in electricity usage across the country lest it face blackouts. NamPower managing director Paulinus Shilamba says that the country faces an 80 MW power shortage this winter, and that this deficit will grow to 150 MW by the end of 2013."
Chesapeake Energy: Forced into fire sales?
Earth Day Tainted By Billions In Alternative Energy Losses
Energy Cos Water Withdrawals Halted Due to Low Pa. Stream Levels
"Chesapeake Energy and Talisman Energy are among energy companies being impacted by a temporary suspension of approved water withdrawals due to low stream levels throughout the Susquehanna Basin."

## Infrastructure scavenging ##
Copper thieves keep people, drivers in dark
"Government entities in Southern Nevada for years have been battling copper thieves who steal the wiring from street lights, darkening our neighborhoods and freeways."

## Got food? ##
New Zealand again approves farm sales to Chinese
"New Zealand's government has for the second time approved the contentious sale of 16 dairy farms to Chinese investors, despite objections from critics who say the country's prosperity could be jeopardized by such transactions."
When the food shortages start, locals will seize agricultural assets "owned" by foreign governments or companies. Globalization will lose and geography will win. -- RF
Easy DIY Garden Shed Plans
Fuel shortage threatens bread supplies (Egypt)

## Environment/health ##
Tough new strain of hand, foot and mouth virus hitting U.S.
"Worried parents are phoning their pediatricians, fearful of the spread of a nasty new strain of hand, foot and mouth virus, a common childhood disease."
Vietnam seeks help with mystery disease; 19 dead
"Vietnam has asked the World Health Organization to help investigate a mystery disease that has killed 19 people and sickened 171 others in central Vietnam."
Are straw bales the future of sustainable building?

## Intelligence/security/internet/systemic breakdown ##
As Workers Age, Oil Industry Braces For Skills Gap
The oil industry is one of many which finds itself short of skilled workers. The huge global army of skilled workers that cheap energy fostered is now on the decline, and we're already seeing a growing and serious shortage of the engineers and skilled workers needed to maintain industrial civilization. -- RF

## Japan ##
Japan firms want 'safety first' on nuclear restarts: poll
"Nearly three-quarters of Japanese firms want safety guaranteed before idled nuclear reactors in the country are restarted, seeing no need to rush the process despite the impact the loss of the power source could have on their businesses."
Will the fear of nuclear disaster overcome the fear of blackouts? Perhaps the coming months will tell. If Japan has a hot summer, the situation could boil over. -- RF
Kyushu Electric calls on customers to conserve power
FSA To Extend Ban On Naked Short-Selling In Stock Markets
"Japan's financial watchdog said Friday it will extend the ban on so-called ''naked short-selling'' in the country's stock markets for six months until the end of October to prevent confusion in the markets amid fears of fallout from the European debt problem."
Disaster, Conservation Yielded Record Power Demand Decline In FY11
Trade deficit likely to grow / Red ink reflects lasting effects of disaster, increased LNG imports

## China ##
Cities get a sinking feeling: report
"A diminishing water table, combined with a growing number of skyscrapers, is causing large areas of China to sink, increasing flood risk and endangering the rail network, according to a survey released recently by the China Geological Survey."
China patrol ship reaches waters off Huangyan Island
China's Wen in Iceland, eyes on Arctic riches

## UK ##
Northern Ireland petrol prices 'highest in UK'
"The average UK petrol price has risen to a new high of 142.48p per litre, motoring association the AA has said.
"Northern Ireland prices are even higher, with the AA saying NI motorists pay about 1.5p above the national average."
Taxpayer stumps up another £10bn to save euro

## US ##
Utah Goes Rogue To Save Itself, Gold & Silver Now Legal Tender
Food Stamp Rolls to Grow Through 2014, CBO Says
"The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It  said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014."
Inside the foreclosure factory, they're working overtime
Drone Use Takes Off on the Home Front

And finally...Parody site puts Bank of America in your hands

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