Saturday, June 30, 2012


News Links, July 1, 2012

## Global Ponzi meltdown/House of Cards ##
Lagarde assures Morsi IMF ready to help Egypt
3i Said To Shut Offices In Six Cities, Including Shanghai, Hong Kong
"Private equity firm 3i of London will close offices in six cities, including Shanghai and Hong Kong, in a cost-cutting move, the government-published Shanghai Daily reported today."

## Airline Death Spiral ##
Turbulent Days for an Industry With a Lot of Baggage
Airline Fees: You Get What You Pay For Or Weapons In Travel Class Warfare?
House Votes to Boost Subsidy for Flights to Rural Areas (US)
A-I plans to cut loss-making routes in revamp
"Air-India may cut some of its loss-making routes under a new business plan it has worked out, sources in the civil aviation ministry said on Tuesday."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Have Sanctions Against Iran Worked?
"In a word, no."
U.S., Israeli military drill set for October-November
"The United States and Israel are expected to hold a delayed, joint military exercise sometime around October or November, after postponing it earlier this year, the top U.S. military officer said on Friday."
Syria Masses Tanks on Turkey Border as Tensions Soar
US hosts world's largest naval exercises in Hawaii
Iran expects to equip Gulf ships with missiles soon
Ecuador quits former School of the Americas

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands hit streets in TA social justice protest (Israel)
Occupy protest set for July 4 in Philadelphia
Yemen rages over long power blackouts
Downtown street protest ends with arrests and injuries (Canada)
"A pot-clanging protest turned into a physical confrontation this week, as police arrested demonstrators expressing solidarity with striking Quebec students."
London 2012: East London residents march over missiles
US Coast Guard Creates 'Protest-Free Zone' in Alaska Oil Drilling Zone
Unionists protest against hiring foreign workers (Australia)
Police lock down Chinese factory town to suppress protests
Anti-Walmart rally in L.A. draws 10,000 protesters

## Energy/resources ##
U.S. sanctions may stop UAE from importing Iranian condensates
Desperate times: Trucking shale oil in North Dakota
"How desperate the oil supply situation in the US has become after global crude oil production started to peak in 2005 can be seen from how cumbersome it is to produce and transport shale oil to refineries."
MENA energy projects facing huge challenges
Ethanol makers idle plants amid high corn prices
"Ethanol makers are cutting production, and some are temporarily idling plants in the Midwest, as corn prices skyrocket and demand for gasoline falls because people are driving less."
Brownouts in India are bad for residents, worse for environment
"Now running in India's residential neighborhood: Millions of noisy, smoky, inefficient diesel generators. And the environment is paying the price."
Storms leave 3.9 million without power in eastern U.S.
Lights to go out over France to save energy
Sarawak DAP Wants Government To Address Frequent Diesel Shortage In Bintulu
HDMC mulls rationing water supply in cities (India)
World oil supply up but spare capacity tight: EIA
"World oil inventories have risen over the past two months, aided by increased output from Iraq and Libya, but spare production capacity remains tight, the U.S. government said on Tuesday."

## Infrastructure scavenging ##
Metal thieves cause outage for WA traffic cameras, reader boards

## Got food? ##
Weak rains may hike India's food inflation rates in upcoming months
Crab shortage hits just as the big holiday approaches (US)
Corn Dries Up, Even As Farmers Try To Combat Heat (US)

## Environment/health ##
Extreme heat wave is taking its toll across the nation (US)
Southeast Asia braces for pollution, smog

## Intelligence/security/internet ##
Army Preps Spy Blimp
Cybercriminals branch into fully automated bank heists
Cellphone Companies Will Share Your Location Data - Just Not With You

## Systemic breakdown ##
It's the end of the world we've known since WWII (updated status report)
AWS Power Outage Questions Reliability Of Public Cloud
'Everything good is down' -- storm knocks Netflix, Instagram offline

## Japan ##
Japan economy 'faces same risks as Europe'
"Japan faces the same risks that plague financially-embattled European states, Prime Minister Yoshihiko Noda warned Saturday, days after he pushed through a divisive tax bill to chip away at the country's mountainous debt."
I'm really impressed with the PM's perspicacity. -- RF
Hacker group: More to come / Anonymous says attacks to continue over law on illegal downloads
Even Noda startled by size of anti-nuclear protest outside his office

## China ##
China's Latest Bad News on Profits
Stingy credit and piling inventory pushes levels down in China (steel)
PLA's new Type 056 corvette to be deployed to Hong Kong

## UK ##
Alan Titchmarsh: students should ditch university and learn gardening
This is certainly one of the most sensible opinions I've heard in a long time. -- RF

## US ##
Stockton, California: The Bleeding Edge of a Scary Economic Trend
"Stockton's situation is hardly rare. Across the country, municipalities that tied their tax revenues to the real estate market are facing shortfalls. Some, like Vallejo, Calif., -- which filed for bankruptcy in 2008 -- were also tied down by tough union contracts, but plenty of towns and cities that didn't offer particularly generous deals to public employees are nonetheless now scrambling to make ends meet."
The muni-bond bust is inevitable. -- RF
Pentagon Asks Congress to Shift Billions in Funding
"The Pentagon asked Congress to shift $8.2 billion in previously approved fiscal 2012 funds to bankroll 'higher priority' items, including added fuel costs to resupply U.S. forces in Afghanistan."
Homeless Students Top 1 Million, U.S. Says, Leaving Advocates 'Horrified'
Bond funds could be on borrowed time
Heat wave prompts concerns about Freon shortage, home cooling costs
"Across the country, air conditioner repair companies are sounding the alarm about skyrocketing maintenance costs."
Gas under graveyards raises moral, money questions
In industrial civilization, only resources and energy are sacred. -- RF
Risk of foreclosure looms over 700,000 Californians
Half of loan modifications re-default within 18 months
Families brace for mental health cuts. Will other states follow Wisconsin?

<< Home

This page is powered by Blogger. Isn't yours?