Saturday, June 02, 2012


News Links, June 3, 2012

## Global Ponzi meltdown/House of Cards ##
Brazil Loses Steam as World Slows
Global Growth Heads for Lull as Europe Output Shrinks
Spain calls for new euro fiscal authority
German Finance Minister Pressures Spain to Accept Bailout; Germany Says €50 Billion to €90 Billion Needed; More Doublespeak
Production pruning - Dongkuk Steel to shut down production line in Pohang
Time Bomb? Banks Pressured to Buy Government Debt
ANALYSIS: Yen-yuan trading marks historic shift
"The move is part of a Chinese policy of moving away from dependence on the dollar that was decided by Beijing after the collapse of U.S. investment bank Lehman Brothers in 2008."

## Airline Death Spiral ##
AMR posts $142 million loss in April
Airlines' point of no return

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. will put more warships in Asia: Panetta
"The United States will shift a majority of its warships to the Asia-Pacific region by 2020, Defense Secretary Leon Panetta said on Saturday, giving the first details of a new U.S. military strategy."
Agreement Calls for 4 U.S. Littoral Combat Ships to Rotate Through Singapore
Clinton tours Arctic as big powers vie for resources
Mexican soldiers find huge illegal oil depots
"Army troops found clandestine oil depots containing 1.5 million liters (396,258 gallons) of stolen fuel in the eastern state of Veracruz, the Mexican Defense Secretariat said."
Iran threatens to target U.S. bases if attacked
Japan calls Chinese military spending a 'threat'
Despite Pledges, US Sucked Deeper and Deeper Into Yemen

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest tuition hikes in Montreal
Power riots break out in Karachi after Punjab

## Energy/resources ##
Diesel shortage hits Riyadh
"Diesel shortages were recently reported at gas stations in the capital as a large number of trucks and diesel-powered vehicles formed long lines to fill up their tanks both in the city and on the outskirts."
Exclusive: Greece's debt woes mutate into energy crisis
"Greece's debt crisis threatened to turn into an energy crunch on Friday, with the power regulator calling an emergency meeting next week to avert a collapse of the country's electricity and natural gas system."
Texas May Triple Power Prices to Avert Summer Blackouts
Efficiency and Conservation Not Enough to Achieve Energy Security
Yudhoyono Flicks the Light Switch Off at the Indonesian State Palace

## Intelligence/security/internet ##
Cyber-attacks "bought us time" on Iran: U.S. sources
Google Tips Off Users in China

## Systemic breakdown ##
Hospitals fight drug scarcity, fear patients harmed

## Japan ##
Rolling blackouts possible even if Oi reactors are restarted
Donations for Senkakus purchase top 1 bil. yen
Power-saving eased heat island effect in Tokyo last year
Renesas asks 3 shareholders for ¥100 billion in additional capital

## China ##
China's growth 'bubble' is about to burst

## UK ##
'We will form a human barricade to keep missiles off our homes'

## US ##
Morgan Stanley Bonds Trade at Junk Pricing, Downgrades Coming; Will Morgan Stanley Survive? Top 5 Banks Collectively Have 45:1 Leverage
GM Cutting Pension Obligations by $26 Billion on Buyouts
Ford to rollout pension buyout offers
Insight: California city's pension vote: a precedent for U.S.?
"A radical plan to slash public employee pension benefits gets voted on by the residents of Silicon Valley's San Jose on Tuesday - a decision that could set an important precedent for many other cities, not only in California but across the nation."
Mitt Romney would be one of richest-ever presidents with $250 million fortune
Who's Really Holding US Treasury Bonds?

And finally… 
Grab Your Boomstick: The Zombie Apocalypse May Actually Be Upon Us
CDC Zombie Preparedness webpage
CDC denies rumors of zombie apocalypse

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