Friday, June 01, 2012


News Links, June 2, 2012

## Global Ponzi meltdown/House of Cards ##
Struggling U.S. Economy Drags Down The World
Money flies out of Spain, regions pressured
Euro-Area Unemployment Reaches Record 11%, Led by Spain
Euro-Zone Data Deepen Gloom
Hyperbolic Selloff Coming? IMF Discusses Spanish Contingency Plans; Madrid Denies Plans; Hispabonos Dropped From Cabinet Discussion
The end game of global leveraged debt
Maersk shipping to cut 400 jobs
Depth of India's downturn takes some by surprise
Macroeconomic indicators - Indian core sector growth slows to 2.2pct in April
Africa growth not enough to reduce poverty: World Bank

## Airline Death Spiral ##
Airlines seek to slash fuel costs

## Fault lines/flashpoints/powder kegs/military/war drums ##
Panetta: No military action in Syria without U.N. approval
UAE and Qatar prove combat readiness in joint exercise
EU cautions S.Africa's ANC on "Look East" policy
U.S. Labels ALL Young Men In Battle Zones As "Militants" … And American Soil Is Now Considered a Battle Zone
Beijing Exhibiting New Assertiveness in South China Sea

## Global unrest/mob rule/angry people/torches and pitchforks ##
Israel begins migrant deportation amid flaring violence (video)
Pot-Banging Protesters Rail Against Argentina Govt
Tibetan burns herself to death in China protest
Unrest sweeps through South Africa campuses

## Energy/resources ##
Gulf Refinery Expansion May Not Cut Gas Prices
Petrol hike spurs e-bike sales (India)
In view of India's crippling power shortage, this doesn't seem like much of a solution. -- RF
South Delhi goes powerless as city becomes a frying pan
Kazakhstan may face another wave of fuels and lubricants shortage
Mobile stations launched to cope with fuel shortage (Indonesia)
Nigerian fuel shortages loom as suppliers drop out
Slovenia, Gazprom team up for South Stream
German electric grid need pegged at $25B
"Germany will need to spend $25 billion over 10 years to upgrade its transmission network to accommodate a switch to renewable power, grid operators say."
Greece Finding Crude Oil Increasingly Hard to Come By
Brent Drops Below $100

## Got food? ##
How To Grow The Tastiest Tomato? One Secret's In The Soil

## Environment/health ##
UK butterflies continue to decline
Record-setting N.M. fire spreading in all directions

## Intelligence/security/internet ##
Confirmed: US and Israel created Stuxnet, lost control of it
Obama order sped up wave of cyberattacks against Iran
Google Warns China Users on Searches That May Break Connection

## Systemic breakdown ##
Mental health illness increases in Greece
Market on the Brink of Capitulation
The Zombie Apocalypse has begun
Likely casualty of any Andrew-like hurricane: cellphones
Man Drives Truck Into Taco Bell Window Over Missing Taco

## Japan ##
Fukushima Reactor 4 Poses Massive Global Risk
Japan's Environment Ministry starts "Super Cool Biz" to reduce power consumption in office
"Japan's Environment Ministry today started its 'Super Cool Biz' campaign to promote energy saving at the workplace, broadening the type of acceptable clothing for its staff to Hawaiian shirts and sandals."
Kansai Electric to set energy saving target at 15% even if Oi reactors restarted
Hundreds protest over planned restart of Oi nuclear reactors
Japan to make more plutonium despite big stockpile
TEPCO launches time-of-day power plan for households
Japan's new auto sales up 66.3% in May
The article doesn't mention the government's ¥300 billion new-car-purchase subsidy program. People will always flock to free money. -- RF

## China ##
China factory surveys signal wider economic weakness
Home Prices Decline in 100 Chinese Cities
'Stimulus 2.0' aims to reboot growth

## UK ##
British Chambers of Commerce cuts growth forecast
Rise in financial hardship for Hull University students

## US ##
Dow Plunges 275 Points; Worst Loss of 2012
Another Payroll Disaster: Jobs +69,000, Employment Rate +.1 to 8.2%, April Jobs Revised Lower to +77,000; Long-term Unemployment +310,000
Federal employment drops after years of explosive growth
RG Steel files Chapter 11 bankruptcy and plans to sell mills
Where Are the Missing 5 Million Workers? In the Underground Economy
State agencies create hotline for underground economy complaints (California)

And finally…
Brazil lawmakers red-faced over mystery underwear
'Russian Facebook' Owner Starts Street Riot With Flying Money

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