Monday, June 04, 2012


News Links, June 5, 2012

## Global Ponzi meltdown/House of Cards ##
Hedge Funds in Longest Rout Since Global Recession
Faltering Dubai bourse on edge of bear territory
Australia First-Quarter Company Profits Weaken, Inventories Rise
Investors Brace for Slowdown
"Pressure is growing on policy makers around the world to take steps to bolster their economies as the U.S. and China show fresh signs of slowing and the fallout from Europe's debt crisis spreads."
Facebook Fiasco Coupled With European Crunch Freezes IPOs
Web 2.0 Companies Hit All-Time Lows, Pushing Billionaire Fortunes Down
George Soros: European Union Could Become 'German Empire'

## Airline Death Spiral ##
Airlines Squeezed On All Fronts
FedEx Retires 24 Jets to Cut Costs as U.S. Shipments Fall
Uruguay's Pluna Airline CEO warns of 'collapse'
India Aviation Ministry Proposes Tax Cuts
"India should cut local taxes on jet fuel and air tickets to provide some relief to its loss-making airlines, the aviation ministry said in a discussion paper posted on its website."
How do you know your airline is safe?
Delta Air Lines wants to pull in more a la carte fees
Delta Drags Airlines Down
Don't expect lower airfares as fuel costs drop

## Fault lines/flashpoints/powder kegs/military/war drums ##
Anti-Chinese sentiment grows in Africa and Europe
African migrants hurt in Jerusalem 'arson attack'
"Four African migrants have been hurt in a suspected arson attack on their home in Jerusalem, Israeli police say."
Vietnam Wants to Buy Lethal Weapons From U.S.
Israel Deploys Nukes on German-Made Subs

## Global unrest/mob rule/angry people/torches and pitchforks ##
Riled over outages: Protesters run riot in different cities (Pakistan)
Cairo braces for third day of Mubarak trial protests
Thousands gather outside PM's office to protest against the restart of nuclear reactors (Japan)

## Energy/resources ##
Energy meltdown looms large over Greece
Merkel, Putin talk Nord Stream expansion
Japanese oil demand to surge
Kuwait halts oil exports over weather

## Got food? ##
High U.S. corn prices warn of summer shortage
"From Ohio to Kansas, corn is selling at startlingly high prices, so high that they are signalling the United States will run short of corn this summer."
Flame retardant found in common foods from Dallas supermarkets

## Environment/health ##
France To Ban A Syngenta Pesticide To Protect Bees
Several wildfires scorching New Mexico

## Systemic breakdown ##
10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece

## Japan ##
Japan's Topix Heads for Lowest Close Since '83 on U.S.
"Japan's Topix Index (TPX) plunged to the lowest level since 1983 and entered a bear market, after disappointing U.S. jobs and China services data added to evidence the global economy is slowing."
Japanese Stocks Hit 28-Year Low, 9 Straight Weeks of Losses, Longest Streak in 20 Years
Japan small factories get creative to keep power on
Deep in debt, Noda rolls the dice
Sony dips below 1,000 yen for 1st time since 1980
BOJ Gov. Shirakawa warns long-term rates could spike

## China ##
China's Housing Bubble Deflating
China's Chongqing Is First City to Offer Car Subsidy

## US ##
Worst Week Ever For U.S. Economic Indicators?
Nebraska lawmakers question EPA's aerial livestock surveillance
"A bipartisan group of Capitol Hill lawmakers is pressing EPA Director Lisa Jackson to answer questions about privacy issues and other concerns after the agency used aerial surveillance to monitor livestock operations over their home state of Nebraska."
States explore new ways to tax motorists for road repair
Labor market for young graduates remains grim
Stocks Falling For A Fourth Day; QE Expectations Rise
Factory orders post surprise fall in April
"New orders for factory goods fell in April for the third time in four months as demand slipped for everything from cars and machinery to computers, the latest worrisome sign for the economy."
Kansas tries to go natural along highways
New economy fallout – 'wage theft' from paychecks
Gulf Refinery Expansion May Not Cut Gas Prices
Police Swarm Louisiana State Convention, Assault Chairman, Arrest Ron Paul Delegates
The Call: Facebook Is Dead In Five Years
Your Dry Cleaning Bill's About to Get Worse
Wire hangers: Who would have thought? -- RF

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