Saturday, May 05, 2012


News Links, May 6, 2012

## Global Ponzi meltdown/House of Cards ##
Greek socialist leader Venizelos warns of 'mass poverty'
Bartering Greeks begin austerity marathon
Australia Central Bank Lowers Growth Forecast
EU truck registrations dropped by 2.4pct YoY in Q1 2012
Italy seeks to exempt loans for bills from Maastricht debt: press
"Italian public authorities are estimated to owe around 60 billion euros to companies, so exempting debt raised to settle such bills from public debt calculations could help win much-needed breathing space to the Treasury."

## Airline Death Spiral ##
Airline Fuel Hedging Fails to Help Carriers Slow Soaring Costs
$100 fee per carry-on bag could be start of trend in airline industry
Qantas Airways Delays A380 Deliveries
"Embattled carrier Qantas Airways said Friday it will delay the delivery of two A380 super-jumbos as part of a further Aus$400 million (US$410 million) in spending cuts as it works to turn its business around."
Air Canada CEO defensive after large first-quarter loss
"Calin Rovinescu, Air Canada's chief executive, was on the defensive Friday after the country's largest carrier reported a first-quarter loss that swelled tenfold from a year ago on higher fuel prices, labour disruptions, and the costs associated with the collapse of its former maintenance unit, Aveos Fleet Performance Inc."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Army imposes curfew in Cairo district after clashes
Egypt military detains hundreds following violence
14 headless bodies found in Mexican city

## Global unrest/mob rule/angry people/torches and pitchforks ##
11 injured, including 4 police officers, as Quebec student protest turns violent
Bahrain says home-made bomb wounds four policemen
"An improvised bomb explosion wounded four Bahraini policemen on Saturday, a police commander said, as protesters demanding the release of a rights activist who has been on hunger strike for three months clashed again with police."

## Energy/resources ##
Rosneft strikes $2.5 bn Arctic deal with Statoil
Can't beat the heat: Power cuts go for as long as 12 hours in Hyderabad

## Infrastructure scavenging ##
Thieves compromise Indonesian tsunami alert system

## Got food? ##
Free, Homemade Liquid Fertilizers

## Environment/health ##
Op-Ed: N. America's radiation threat another mainstream news blackout

## Intelligence/security/internet/systemic breakdown ##
FBI: We need wiretap-ready Web sites - now
"CNET learns the FBI is quietly pushing its plan to force surveillance backdoors on social networks, VoIP, and Web e-mail providers, and that the bureau is asking Internet companies not to oppose a law making those backdoors mandatory."

## Japan ##
Cesium pushing wild plants off menu
Thousands march as Japan switches off last nuclear reactor
"Thousands of Japanese marched to celebrate the last of this nation's 50 nuclear reactors switching off Saturday, shaking banners shaped as giant fish that have become a potent anti-nuclear symbol."
BBC video on same
Energy conservation in spotlight as Japan faces summer without nuclear power

## China ##
China's urban population to grow by 10 million a year
China's Population Poised to Crash in Perfect Demographic Storm

## UK ##
Early warnings for 90,000 people facing benefits cap
"Tens of thousands of families living on benefits are to be warned in the coming days that they face losing their homes as the Government begins the process of capping payouts."

## US ##
Clothing swaps popular with shoppers
"Retailers from Gap to Urban Outfitters are already struggling to persuade shoppers to pay full-price for clothes. Now, it turns out, many of their younger customers prefer trading T-shirts, jeans and designer dresses among themselves than actually buying new gear."
Summit Could Mean Airport-Style Security On Metra Electric, South Shore Trains
"Some stations on the Metra Electric Line and South Shore Line could be shut down during the upcoming NATO summit, and passengers at other stations could face airport-style security screenings, due to the Secret Service security plan that could be released as soon as Friday afternoon."
Illinois' progress handcuffed by debt

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