Thursday, May 24, 2012


News Links, May 25, 2012

## Global Ponzi meltdown/House of Cards ##
European business activity falls to near three-year low
Euro-Zone Woes Deepening, Data Show
Containment Theory Blows Sky High: German Manufacturing PMI Plunges to 45; French Manufacturing PMI Plunges to 44.4, Sharpest Contraction in 3 Years
Fearing Eurozone Exit, More Greeks Stop Paying Taxes
Pensions: Bankrupt In Paradise
Lehman-Type Megashock Looming
Putin Faces Chaos If Greek Turmoil Sparks Slump, Study Says
French Business Confidence Drops for Second Month on Crisis
Spain Plans to Merge All Nationalized Banks Into Gigantic Bad Bank
Fitch: Non-resident investors pulling out of Spain, Italy
Nearly one million young Canadians not at school or work, StatsCan says.
BDI down by 27 points on May 23 2012
Analysis: Argentina faces deficit for first time in years
The E.U., Neofeudalism and the Neocolonial-Financialization Model

## Airline Death Spiral ##
Airlines' revenue from checked bags on the decline
Spirit, Other Top Airlines Drop As Travel Fears Trump Falling Fuel Costs
If You Have to Invest in Airlines, Don't!
"How do you become a millionaire? Make a billion dollars and then buy an airline." -- Warren Buffett
El Al Airlines quarterly loss narrows on cost cuts
Jet Airways' Loss Widens
Plane makers in golden age or bubble?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Insight: Iran's "Great Game" in Afghanistan
"With most foreign combat troops set to withdraw from Afghanistan by 2014, Iran is using the media in the war-ravaged nation to gain influence, a worrying issue for Washington."
U.S., allies may drop demand that Iran completely halt uranium enrichment
"The United States and five other major powers exchanged extensive proposals with Iran on Wednesday over that country's nuclear program amid signs that the U.S. and its negotiating partners were dropping demands that Iran completely halt the enrichment of uranium."
Western Leaders Reject Iranian Proposal for Wider Access for UN Inspectors
Yemen Set to Implode as AQAP Steps Up Offensive Amid Struggle to Control Oil
China to deploy Type 094 nuclear subs at Sanya naval base
US Senate mulls unprecedented aid to Israel
Winds from Syria unrest blow into Lebanon: Clashes spark fears of another war

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-African street violence surges in Israel
400 arrested as Montreal police kettle demonstrators
Nearly 700 people arrested in Quebec protests
Myanmar police move against spreading power protests

## Energy/resources ##
Energy policies will lead to diesel fuel rationing in Europe
Diesel shortage worsens in Hyderabad
OPEC Has Lost the Power to Lower the Price of Oil
Greasing the Wheel: Oil's Role in the Global Crisis
Petrol: India may have to endure another price hike in 2012
'Chinese funds needed' to reach Brazil offshore oil
Electricity industry is in for a big shock
Blackout for 17 hours in parts of Muzaffarpur

## Infrastructure scavenging ##
Nuneaton metal thieves admit causing delays to 58 trains
Copper Thieves Hit Substation; 3200 In Dark

## Got food? ##
Home Canning Guide
Food Price Shock Is Next
Pollutants Mucking With Food Production

## Environment/health ##
Indonesia's rapid deforestation continues?
Los Angeles bans plastic bags in supermarkets

## Intelligence/security/internet ##
Eric Schmidt: government censorship and cybercrime pose biggest threat to the web
U.S. hacks Al Qaeda websites in Yemen
RFID Locator Chips Embedded In School Uniforms Keep Track Of Students In Brazil
Apple-0-7: Is Siri Spying on You?

## Systemic breakdown ##
Half of Detroit's Streetlights May Go Out as City Shrinks
Chris Hedges "Brace Yourself! The American Empire Is Over & The Descent Is Going To Be Horrifying!"

## Japan ##
Spreading contamination of tritium
Fukushima radiation higher than first estimated, TEPCO admits
Japanese Buyers Line Up For U.S. Shale Gas
Flat-screen TV shipments plunged 71% in April
'Secret meeting' on fuel cycle was like gathering of 'nuclear villagers'
All-electric homes may hobble electricity saving efforts

## China ##
China Manufacturing PMI Softens Again, In Contraction For 6 Months; Defaults and Deferrals on Commodity Contracts
Bear in a China Shop (Foreign Policy)
"It's not the booming economy that's about to burst -- it's bigger than that. Social discontent and, yes, income inequality could rip China apart at the seams."
China factory data signals weak first-half growth
Get ready for hard times ahead, says Foxconn CEO

## UK ##
UK economy shrank more than thought
Neet figures: More young people without work
Britain fears 'lost' generation of jobless youth in Europe's crisis
Many NHS trusts 'rationing cataract surgery'

## US ##
Rising Temperatures Expose Cities' Vulnerable Electrical Supplies
Groups Concerned Over Arming Of Domestic Drones
Retired couples' healthcare costs: $240K
Fidelity, Knight problems add to Nasdaq's Facebook woes
Facebook Investor Spending Month's Salary Exposes Hype
How Facebook could destroy the U.S. economy
Chesapeake Plans to Shed More Assets
Ron Paul Gets 12 Of 13 Delegates In Minnesota 2012 Presidential Race

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