Tuesday, April 03, 2012


News Links, April 4, 2012

## Global Ponzi meltdown/House of Cards ##
Spain's jobless level hits record 4.75 million
Spain's Debt to Rise to Record 79.8%; Bond Sales to Decline
German manufacturing PMI contracts in March
Brazil tax cuts, credits throw lifeline to industry
"Brazil's government unveiled a new package of tax cuts, low-cost credits and other relief for ailing industries on Tuesday, seeking to resurrect a once-booming economy struggling to regain momentum."
IMF chief calls on US for more cash
"IMF managing director Christine Lagarde implored the United States to help back-stop debt-ridden European countries Tuesday, wading neck-deep into bubbling US political waters."
New Greek Debt Little Better Than Old Greek Debt — Fitch
Blaze at Moscow skyscraper set to be Europe's tallest
Bad portent. -- RF

## Airline Death Spiral ##
Air France ties short-haul future to cost cuts
"Loss-making Air France called on Monday for increased efforts to overhaul its European passenger network and signalled the survival of its short- and medium-haul operations depended on the willingness of staff to accept 'drastic' cost cuts."
United Airlines flies in the red on higher fuel prices
"United Continental Holdings Inc. (NYSE: UAL) has issued a formal notification that it expects to post a first quarter loss due to soaring jet fuel prices."
Ryanair puts weight behind saving fuel
"Ryanair is reducing the size of its in-flight magazine, serving passengers less ice – and even asking cabin crew to watch their figures – as part of efforts to trim its fuel bill."
IATA Warns of Political Risks to Airline Sector
Allegiant becomes second airline to charge for carry-on bags
Hainan Airlines 2011 profit drops 12.7% on fuel prices

## Fault lines/flashpoints/powder kegs/military/war drums ##
S.Africa Iranian oil imports soar in Feb
"South African crude oil imports from Iran leapt in February to $364 million from zero the preceding month, customs data showed on Monday, dashing the view that Pretoria has bowed to U.S. pressure to curb commercial links with Tehran."
Netanyahu says sanctions hurting Iran but not enough
"Israeli Prime Minister Benjamin Netanyahu said on Tuesday that international sanctions were hurting Iran's economy but not enough to persuade it to curb its nuclear ambitions even slightly."
Russian destroyer heads for Syria port: report
"A Russian navy destroyer will dock at the Syrian port of Tartus in the coming days after setting out on a planned mission to the region, agencies quoted military officials as saying Monday."
Russia rejects deadline for Annan's Syria peace plan
Israeli-US Air, Naval Forces Train for Energy War
"Israeli, Greek and U.S. militaries are in an exercise in preparation for a possible war over Israel's huge off-shore gas discoveries."
First US Marines in Australia under new security deal
South China Sea becomes major issue at ASEAN summit
Routes, piracy, prices threat to shipping, says UAE
Rival militias exchange fire in western Libya

## Global unrest/mob rule/angry people/torches and pitchforks ##
China detains 22 after Inner Mongolia protest: group
"Chinese police detained 22 ethnic Mongolians after hundreds of them protested against the seizure of land in Inner Mongolia, an overseas rights group said on Tuesday, in the latest case of unrest in the vast and remote northern region."
Chinese villagers clash with police in land-grab protests
Italian 78-year-old jumps to death after pension cut
SF Occupy protesters evicted, arrested
"Police evicted and arrested nearly 80 Occupy protesters who had taken over an empty San Francisco building they said they planned to use as a homeless shelter."

## Energy/resources ##
There is no shortage of oil: Qatar
Electricity-Nigeria: Blackout in Auchi, Commercial activities grounded
FARC Steps Up Attacks on Colombian Energy Infrastructure
German solar firm Q-Cells to file for bankruptcy
Solar Trust of America files bankruptcy
Blackout in east, central Delhi due to trippings
Iraqi govt, KRG may confront on oil payments issue
70% industrial units closed due to power shortage (Pakistan)

## Got food? ##
Egypt: Fuel Shortage Threatens Bread Supplies
"It has been three months since a fuel shortage hit Egypt, and people's patience is wearing thin amid fears the crisis could disrupt the production of subsidized bread."

## Environment/health ##
After the Melt: Peru's Glaciers, An Important Source of Drinking Water, Are Disappearing

## Intelligence/security/internet/systemic breakdown ##
True sustainability solutions
Industrial civilization, the growth economy, and the consumer society are not sustainable, any way you look at it. -- RF

## Japan ##
Cesium up to 100 times levels before disaster found in plankton far off nuke plant
"Radioactive cesium up to 100 times pre-nuclear disaster levels has been detected in plankton inhabiting the sea far from the crippled nuclear plant following the March 2011 disaster, according to a survey conducted by Japanese and U.S. researchers."
Fukushima radiation levels rebound as snow melts
"Air radiation levels have risen in Namie and other areas around the crippled Fukushima No. 1 nuclear power plant because the spring thaw has increased exposure to contaminated soil, the science ministry said."
Osaka Mayor Hashimoto opposes Kansai Electric restarting any nuclear reactors
Ratio of electric power generated by thermal plants surpasses 70% following nuke crisis
Struggling electronics makers hit reset button
Gloomy 'tankan' surprises market
"The pessimism reigning among large manufacturers remained firmly entrenched in the Bank of Japan's quarterly 'tankan' survey Monday, underscoring persistent concerns about the yen's appreciation and Europe's sovereign credit risk."
SDF to send 450 to Ishigaki to man rocket interceptors
"The Defense Ministry will send 450 Self-Defense Force personnel to Ishigaki Island in Okinawa Prefecture to intercept a North Korean rocket if it poses a danger to Japan, ministry sources said Monday."

## China ##
China's Wen says bank monopoly must be broken: state media
"China's state banks make money 'too easily' and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday."

## UK ##
Fuel shortage in Britain
"Up to 2,700 petrol stations across Britain remain short of fuel following several days of panic buying last week, The Telegraph reported Monday."
Farmers suffer as fuel shortages hit countryside
"FARMERS in rural areas feel they will be left out in the cold this Easter weekend as towns and cities are given priority for deliveries of fuel."
Britain's Cameron faces backlash over mass electronic surveillance plans

## US ##
Protesters Beware: U.S. Supreme Court Expands Invasive Strip-Searches
45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor
American Senior Citizens Still Owe $36 Billion In Student Loans
'Massive Wealth Destruction' Is About to Hit Investors: Faber

And finally… Vanilla crisis could force up price of ice cream

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