Saturday, April 21, 2012


News Links, April 22, 2012

## Global Ponzi meltdown/House of Cards ##
Greek Banks Post $37 Billion Losses on Debt Restructuring
Netherlands budget cut talks collapse
Dutch government on brink of collapse
Rajoy defends Spain's austerity plan
"Spanish Prime Minister Mariano Rajoy said massive spending cuts were necessary, as Spain had overspent in the past."
Thousands of buildings owned by Ottawa are crumbling and need repair, database shows

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraqi PM Maliki Calls Turkey a 'Hostile State'
"Iraqi Prime Minister Nouri al-Maliki on Friday called Turkey a "hostile state" and accused Turkish Prime Minister Tayyip Erdogan of sectarianism, in the latest in a series of rancorous exchanges between the neighbors."
UAE has no plans to divert oil to Europe
"The United Arab Emirates, OPEC's fifth-biggest producer, does not plan to increase supplies to Europe to make up for the boycott of Iranian fuel, Oil Minister Mohammed bin Dhaen al-Hamli said on Friday."
China top military paper warns of armed confrontation over seas
"China's top military newspaper warned the United States on Saturday that U.S.-Philippine military exercises have fanned risks of armed confrontation over the disputed South China Sea."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Czechs in mass march against austerity as government wobbles
"Tens of thousands of Czechs on Saturday staged one of the biggest protests since the fall of communism, marching in Prague against spending cuts, tax rises and corruption and calling for the end of a centre-right government already close to collapse."
Workers strike, rally in Italy against austerity
90 arrested at Plan Nord protest in Montreal
"Protesters clashed with riot police at Montreal's Palais des congrès for a second day as a job symposium for Quebec's northern plan was held inside under guard."
Bahrain police use teargas against race protesters
Power outage protest (Pakistan)
Museum director burns art to protest against austerity
"An Italian museum director in the mafia-influenced northeast of Naples has pledged to burn three works of art per week to protest against the lack of spending on culture."

## Energy/resources ##
Power cuts, army generators planned for summer shortage (Israel)
Eni halts refinery to offset weak margins
"Italian oil and gas group Eni will proceed with a partial and temporary stoppage of its Sicilian refinery at Gela as weak demand and overcapacity in the sector take their toll."
Asia Distillates-Gasoil cracks at more than 2-mth high
"India's Mangalore Refinery and Petrochemicals has shut completely its 300,000 barrel per day (bpd) plant due to a water shortage and has declared 'force majeure' at the refinery.
"This could likely cause a supply tightness in the domestic market as it coincides with a shutdown of a diesel hydrotreating unit by Reliance Industries."
China, Iceland announce deal on oil-rich Arctic
Diesel crisis looming large once again (Nepal)
Fuel Shortage Hits Major Towns In WBGS

## Got food? ##
Perennial Vegetables: Grow More Food With Less Work
"Combine permaculture gardening techniques and edible landscaping ingenuity in your garden by growing perennial vegetables. You'll be surprised by how little work garden perennials require when compared with the work you expend growing annuals. Plus, our list of best perennials and resources guide will get you started with this sustainable, practical gardening technique."
'No-till farming' revolution grows in Indiana

## Environment/health ##
Two Years Later, BP Spill Reminders Litter Gulf Coast
Fracking-Linked Earthquakes Spurring State Regulations

## Intelligence/security/internet/systemic breakdown ##
Misinformation campaign targets USA TODAY reporter, editor
"A USA TODAY reporter and editor investigating Pentagon propaganda contractors have themselves been subjected to a propaganda campaign of sorts, waged on the Internet through a series of bogus websites."
ACLU: Wireless carriers enable warrantless tracking
Your Smartphone Allows You To Be Tracked Wherever You Go
European Parliament agrees to send airline passenger data to US

## Japan ##
Ministry instructs shops to scrap their own radioactivity standards
"The farm ministry has instructed shops to drop their own radioactivity standards for food and fall in line with new, less stringent national maximums."
TEPCO: Not Enough Money To Handle Fukushima Nuclear Reactor 4 Problems
Well, of course not. Like the GoM blowout, the Fukushima catastrophe is another large-scale disaster that will be with us for a long time. Megatechnology: It's the gift that keeps on giving. -- RF
Crises make automakers rethink lean parts supplies
BOJ to buy bonds with longer maturities

## China ##
Bankruptcy trend spreads in China's construction industry
"Investment risk for mainland China's construction industry has increased, due to their high liabilities and the number of firms, and now most listed construction companies have a negative cash flow, reported Liu Minkang, former chairman of China Banking Regulatory Commission on April 19."
IMF official warns of imbalance from low consumption

## UK ##
Record Fuel Prices Lead Van Drivers to Seek Lower Insurance to Minimise Costs
Rising fuel prices mean £100 to fill up family car
Household bills will help subsidise nuclear plants
"New nuclear power stations will be paid for through household electricity bills, despite the Coalition's promises not to subsidise the controversial technology."
Dog microchips 'to be compulsory' in England

## US ##
The TSA's mission creep is making the US a police state
"The out-of-control Transportation Security Administration is past patdowns at airports – now it's checkpoints and roadblocks"
Breakdowns and delays plague Metro Blue Line
"Metro officials point to a backlog of maintenance issues as the cause of a surge in problems on the line between Long Beach and L.A., which carries 26 million riders per year."
One Nation Under Debt With Endless Debt Slavery For All
Pentagon Pushes For Greater Spy Powers; Wants To Run Businesses, Like CIA
California Budget Revenue Estimates Too High–Again

And finally… Space mining startup set for launch in U.S.
Beam me up! -- RF

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