Wednesday, June 13, 2012


News Links, June 14, 2012

## Global Ponzi meltdown/House of Cards ##
Italy Tax Increases Backfire as Monti Tightens Belts
Spain rating slashed 3 notches by Moody's
Italian Paradox: Italy is Borrowing money at 4-5% to Lend to Spain at 3%; Official Denials From Italy That Italy is Next
Debt crisis: Germany signals shift on €2.3 trillion redemption fund for Europe
"The German government has begun opening the door to shared debts for the first time in a profound change of policy, agreeing to explore proposals for a €2.3 trillion (£1.9 trillion) stabilization fund in order to stop the eurozone's crisis escalating out of control."
40% of OECD states lifting pension eligibility age to 67
Endless QE? $6 trillion and counting
Syria prints new money as deficit grows: bankers
EU steelmakers speed shift to high value to survive - Report
We are witnessing the 'collapse of money itself' - says gold bug

## Airline Death Spiral ##
Lufthansa says China freight venture dissolved
"Fresh evidence of strains in the air cargo market came on Monday when Germany's Lufthansa told Reuters a troubled Chinese freight venture was being wound up."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Karzai wants limits for NATO
Russian Military Chief Stirs Anti-NATO Pot
Wave of Bombings in Iraq Kills 83

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mob attacks target victims in downtown Chicago, Near North Side
"All of the attacks appear to be completely random. They are reminiscent of a series of mob attacks that happened around the same time last year in the same part of the city."
Troops patrol in riot-hit Myanmar town to restore calm
Anti-Putin protesters return to streets of Russia
Togo police fire tear gas as thousands protest
Rise of neo-Nazi Golden Dawn party leads to spate of immigrant attacks in Greece
'Occu-Pirates' Under Attack From City For Hudson River Protests

## Energy/resources ##
Oil sands firms test alternative way to tap bitumen
EGAT to purchase 390 megawatts of electricity from Laos
"Electricity Generating Authority of Thailand has been given a nod to purchase 390 megawatts of electricity (EGAT) from Laos to solve the problem of electricity shortage in northeastern provinces of Thailand."
Refinery maintenance: the growing emphasis on cost
Venezuela Overtakes Saudis for Largest Oil Reserves

## Infrastructure scavenging ##
Catalytic Converters: Why Thieves Steal Them

## Environment/health ##
Responders struggle with Alberta oil spill
Finally, A Map Of All The Microbes On Your Body

## Intelligence/security/internet ##
Rand Paul proposes bill to prevent warrantless drone surveillance
Egypt gives army power to arrest civilians
Al-Qaeda Website Posts Video of 'Dead' Al-Libi

## Systemic breakdown ##
Nigeria: Corruption - 'Nigeria Runs the Risk of Irredeemable Collapse' Says ICPC

## Japan ##
Bullet Trains To Curb A/C Use To Save Power
Firms urged to pull plug on incandescent bulbs
Public forced out after 'disrupting' a meeting on safety of nuclear restart
Record 2.07 million people received public livelihood assistance in FY'11
Metro gov't denies Tokyo park needs radiation decontamination
Anti-nuclear petition drive hits 7.48-million mark
Rice-planting in protective clothing

## China ##
China second-quarter GDP growth may dip below 7 percent - government adviser
I doubt it was that high to start with. -- RF

## UK ##
Young 'locked out' of owning home, report claims
Thomas Cook cuts Bradford office jobs
Under-performing civil servants face pay cuts

## US ##
Cities' homeless crackdown: Could it be compassion fatigue?
Michigan set to step in as Detroit nears financial collapse
EIA: 2012 U.S. Oil Demand at 18.76 Million B/D Would Be Lowest Since 1997

And finally… Local believers train for zombie apocalypse

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