Sunday, May 27, 2012


News Links, May 28, 2012

## Global Ponzi meltdown/House of Cards ##
Austrian finance minister: No to eurobonds
SNB considers capital controls if euro falls apart
"Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the head of the central bank said."
Markets have lost $2-trillion since Greek stalemate began
Greece Public Finances Face Collapse as Money Stuffed in Mattresses; Swiss Eye Capital Controls as Money Pours into Switzerland; Understatement of the Month
All pain, no gain: the Irish backlash that could mean a 'No' to Europe's austerity plans
Jordan hikes gasoline, power prices to ease budget deficit
"Jordan has raised the price of gasoline and electricity for major mining firms, hotels and banks, to ease its worsening budget deficit that could reach $4 billion this year, officials said on Saturday."
Bank of Russia To Buy "Considerable Figure" Of Gold Tonnage in 2012

## Airline Death Spiral ##
Turbulence ahead for airlines despite oil price drop

## Fault lines/flashpoints/powder kegs/military/war drums ##
Pirates or hawks: Who hijacked Chinese boats?
Anarchist group vows to wage 'low level warfare' on Olympics
"An anarchist group has vowed to wage 'low level warfare' against Britain, sabotaging financial institutions, transport, and the military in the lead up to the London Olympics."
Shangri-La Talks to Tackle South China Sea Crisis
US Official Denies Israel Has Pushed Obama to a Harder Line on Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
10,000 protest county merger in Chongqing district (China)
Moscow police arrest dozens at Occupy-style rally
Tens of thousands join anti-government protest in Georgia

## Energy/resources ##
Refinery Upkeep Will Be More Costly In Coming Years-Tyco
Asian Gasoil Crack Set for Fourth Weekly Decline: Oil Products
"Asia's gas oil [diesel] crack spread narrowed, heading for a fourth weekly decline, signaling widening losses for refiners making the distillate fuel."

## Infrastructure scavenging ##
New law 'to halt scrap metal trade' after church and memorial thefts (UK)
Over 1,100 metal fire hose heads stolen in 3 prefectures (Japan)

## Environment/health ##
Gold Boom Spreading Mercury as 15 Million Miners Exposed

## Intelligence/security/internet ##
Dept. of Homeland Security Forced to Release List of Keywords Used to Monitor Social Networking Sites

## Japan ##
Gov't turns to AKB48 to sell bonds
"Japan's cash-strapped government is turning to wildly popular music group AKB48 to help it sell government bonds, as interest in the low-yield paper wanes."
Rubble hinders decommissioning work at Fukushima No. 4 reactor

## China ##
China Industrial Companies' Profits Declined 2.2% in April
The Chinese resource supercycle slows down
Chinese Aluminum smelter cutbacks gaining momentum: Barclays

## UK ##
Rothamsted: Security increased at GM wheat trial
"Security around an experimental crop in a Hertfordshire field has been increased to prevent any damage during a day of action by opponents."
Lloyd's 'has plans for euro collapse'
"The insurance market Lloyd's of London is preparing contingency plans for the possibility of the euro collapsing, its chief executive has said."
Only one in three pensioners stop work at retirement age

## US ##
Jobs: The number of baby boomers retiring is holding down the unemployment rate
"President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate with the first post-World War II generation hitting retirement age at a rate of 10,000 a day."
Bank Profits Hit 5-Year High
Average Joe CEO Made $9.6 Million in 2011
War Pigs – The Fall Of A Global Empire
Trade War Looming as China Rebukes U.S. Support for Solar
Colleges must do more to rein in student debt: Poor job prospects are just the start of financial woes

And finally… Couple split over wife's 550 cats

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