Sunday, May 06, 2012


News Links, May 7, 2012

## Global Ponzi meltdown/House of Cards ##
The ghost houses of Ireland: Foreclosure and eviction
France, Greece and Germany election results send austerity shockwaves through Europe
China Rich List Shipper Sees 1st-Quarter Profit Drop 46% On Costs; Asia Business Grows
"A global glut of capacity in the shipbuilding industry itself has created expectations of an industry shakeout."
Hedge Funds Betting Against the Eurozone: Why You Should Worry
Experts see demise of dollar as world currency
France faces 40pc house price slump
"France faces a property slump of Anglo-Saxon proportions as the frothiest boom in French history finally tips over, threatening the country with an economic shock just as austerity hits."

## Airline Death Spiral ##
Virgin America Kicks Shoe Habit, But Losses Mount
Airline Passenger Traffic Continues To Be Affected By High Oil Prices

## Global unrest/mob rule/angry people/torches and pitchforks ##
Quebec government offers temporary freeze on hikes to end tuition protests
Egypt extends curfew in Cairo district for 3rd night
Salafists injure 29 German police in anti-Islam demo
"Ultra-conservative Salafist Muslims turned on police protecting anti-Islam protesters in the western German city of Bonn, injuring 29 officers, two of them seriously, police said in a statement on Sunday."
Riot police break up anti-Putin protests in Russia
The real challenge facing Saudi Arabia

## Energy/resources ##
More on Hydraulic Fracturing (The Oil Drum)
"KSA is now reaching the point where the easy production of oil, as in sink vertical wells at kilometer intervals  and watching an average of 10 kbd merrily bubble to the surface, is now largely over. The oilfields are moving increasingly into the more advanced and costly procedures to help sustain a production that would, under earlier production regimes, have long faded into memory. Ghawar, for example, is moving into CO2 injection and some steam assist (likely with the areas with heavier, tar-ier deposits) seeking to maintain an overall 5 mbd production."

## Environment/health ##
As America's waistline expands, costs soar
"U.S. hospitals are ripping out wall-mounted toilets and replacing them with floor models to better support obese patients. The Federal Transit Administration wants buses to be tested for the impact of heavier riders on steering and braking. Cars are burning nearly a billion gallons of gasoline more a year than if passengers weighed what they did in 1960."

## Japan ##
Nuclear-free Japan braces for summer power shortages
Japan airline seeks hike in fuel surcharge

## China ##
Chinese tropical city highlights national income disparity

## US ##
Unemployment at 8.1 percent -- If this is recovery, where are the jobs?
The Inflation's In The Poverty
From Gregor Macdonald, on the relationship between energy prices and poverty. -- RF
Senator: Fukushima Fuel Pool Is a National Security Issue for AMERICA
Michigan town near Ohio could become 'China City'
"The southeastern Michigan city of Milan, a 40-minute or so commute to Toledo or Detroit industrial centers, might become the new home for a 200-acre or larger "China City" that would house Chinese business people."
Ron Paul Is Going to the Republican National Convention, and – Believe It Or Not – It's Still Possible for Paul to Win
Plenty of Freight, but Fleets Worry About Driver Shortage, High Fuel Costs

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