Tuesday, May 15, 2012


News Links, May 16, 2012

## Global Ponzi meltdown/House of Cards ##
Greece on brink of collapse
Greeks Withdraw Nearly $1 Billion From Local Banks
Greece Exit, Euro-Zone Collapse, Spain and Portugal Will Follow Within 6 Months
Canada's Housing Market Booms; Experts See Trouble
Moody's downgrades credit of 26 Italian banks
World edges closer to deflationary slump as money contracts in China
"All key indicators of China's money supply are flashing warning signs. The broader measures have slumped to stagnation levels not seen since the late 1990s."
Dubai says 291 real estate projects on hold
Commodity Online withdraws IMF gold purchase report
Some secrecy needed in TPP talks, says U.S. trade rep
IMF sees Kuwait using all oil savings by 2017

## Airline Death Spiral ##
Higher turnover, lower profits for Asia Pacific air carriers
Japan Airlines Logs Solid Profit But Sees Tough Year Ahead

## Fault lines/flashpoints/powder kegs/military/war drums ##
EU says hits pirate targets on Somali coast by air
U.S. "not impressed" with India's efforts to cut Iran oil buys: envoy
"A top U.S. energy diplomat on Tuesday said he was 'not too impressed' with India's efforts to cut its imports of oil from Western sanctions-hit Iran."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Congolese mob opens fire on UN peacekeepers
Anti-war protesters target Obama Chicago office, 8 arrested
South Africa protesters hurl rocks at opposition march over economic issues
Police arrest 9 'Occupy the Farm' protesters at Berkeley
"Three weeks after anti-poverty activists took over 2 acres of land belonging to the University of California at Berkeley and planted a vegetable garden for the needy, police in riot gear on Monday raided the site and arrested nine people."
Chicago cops' new weapons
Mauripur, Korangi roads blocked to protest power, water shortage (Pakistan)
"Residents of many areas of the city took to the streets on Tuesday to protest against prolonged power outages and water shortages. The protesters blocked a number of main roads, causing serious traffic jams."

## Energy/resources ##
Another Earth Needed to Meet Humans' Demand for Resources
"Humans are using resources at such a pace they need another world to meet demand for land to grow crops and forests and raise animals, WWF International said."
Spike in power demand (Korea)
"Unseasonably high temperatures have raised concerns about nationwide blackouts again this year. Demand for electricity remains high at a time when many power plants are under maintenance, reducing the power reserves to a worrisome level."
Saudi Security Tightens Around World's Biggest Crude Facility
Lead Shortage Looms in '13 on Record Demand for Batteries
Nigeria losing fifth of revenue to oil theft: report
Iran eyes new phase for Iraqi pipeline
Time to Be Honest With Ourselves About Our Looming Energy Risks

## Infrastructure scavenging ##
Cable Theft Disrupts Bulgarian Security Agency Work

## Got food? ##
UNESCAP: Populism Pushing Thai Food Prices Up By 5 Per Cent
High food prices 'rob poor of nutrition' (South Africa)

## Environment/health ##
Report: Global biodiversity down 30 percent in 40 years
Hundreds evacuated as wildfires spread across northern Arizona
'Close Encounters' With Gas Well Pollution
Oil and water— Drilling stirs new concerns

## Intelligence/security/internet/systemic breakdown ##
DHS Considers Collecting DNA From Kids; DEA and US Marshals Already Do
"Documents just released by US Immigration & Customs Enforcement (ICE) in response to one of EFF's Freedom of Information Act requests show that DHS is considering collecting DNA from kids ages 14 and up—and is exploring expanding its regulations to allow collection from kids younger than that."
Talking Surveillance Cameras Coming to U.S. Streets
"Talking surveillance cameras that bark orders at passers-by and can also record conversations are heading for U.S. streets."

## Japan ##
Power cuts eyed for 4 electricity companies amid worries over thermal plant stability
China Eyes Japan as the Land of Opportunity
Japanese banks report surging full-year profits
Nikkei ends at new 3-month low on concern over debt crisis

## China ##
Screeching Halt in China; Weak Trade Data; Imports and Exports Fall Way Short of Expectations; Credit Crunch Underway; Feeble Forecasts From Pimco, Others (Mish)
China Foreign Investment Falls Again
"Foreign direct investment into China fell for the sixth straight month in April, the latest sign of trouble for the world's second-largest economy."
China Growth Seen at 13-Year Low by Pimco
Policy booster fails to enthuse steel market in China
Chinese April oil imports register slowest growth of 2012

## UK ##
Number of men working part-time because they cannot find full-time work doubles
Newspaper review: Papers braced for Greek euro exit
MPs warn of medicine shortages (BBC video)
Fuel worth over £20,000 stolen
David Cameron considers extra £25bn of welfare cuts

## US ##
Ron Paul will continue to run for GOP nod without campaign in primary states. (Run Ron Paul)
"Congressman Ron Paul has announced that he will no longer be using resources to campaign in primary states, instead focusing all of his efforts on delegate-selection events as he vows to continue to vie for GOP nomination for presidential candidate."
Exclusive: Over 55 and jobless, Americans face tough hunt
Gas Prices Spike, Southern Californians Not Thrilled
The Truth About JP Morgan's $2 Billion Loss
Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now
Credit Suisse to Dismiss 126 Workers at New York Site by August
J.C. Penney Reports First-Quarter Loss Amid Sales Slump
The curious calculus of the US employment numbers
Shocking Way Electric Utilities Are Making Us Pay for the Smart Grid

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