Saturday, July 14, 2012


News Links, July 15, 2012

## Global Ponzi meltdown/House of Cards ##
Dilemma for Greek youth: Fight or flee
Euro hitting new lows! Earnings slowing! Bonds throwing off major warning signs!
Shipping Industry to Face Falling Panamax Shipping Rates Due to a Significant Oversupply of Vessels
'Peak Gold' - Gold Production Collapse Continues In South Africa

## Airline Death Spiral ##
Stressed-out skies: Labor issues rampant at major airlines
Once Again, Kingfisher Airlines Grounded

## Fault lines/flashpoints/powder kegs/military/war drums ##
Floating base gives US new footing in Persian Gulf
Philippines says China warship is in its territory
Suicide bomber kills 23 at Afghan wedding
U.S. Has No Idea Who's a Taliban 'Leader,' Still Boasts About Killing Them
"Since January 2011, the U.S.-led coalition in Afghanistan claims it's killed or captured over 100 insurgent 'leaders.' Too bad it doesn't have any clear idea what 'leader' means. Any insurgent who commands another person apparently qualifies. And worse, by that criteria, Taliban and aligned insurgents have killed twice as many U.S. troops in the same time period."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Saudi Security Forces Hurt by Gunmen in Oil-Rich Province
"A new cycle of Shiite protests against the Saudi regime and its policing tactics is developing in the Eastern Province of Saudi Arabia."
Saudi security forces kill oil province attacker
Bahrain bans opposition rallies in bid to end unrest
Man self-immolates at Israel cost-of-living protest
"A man sustained serious burns after he poured flammable liquid on himself and lit it, said police, at a protest on Saturday in Tel Aviv against the economic policies of Israel's conservative government."

## Energy/resources ##
U.K. Seen Doubling Power Price to Guarantee New Reactor: Energy
India gets first Iran oil after embargo
India starts buying Iranian oil on a delivered basis

## Got food? ##
Drought stretches across America, threatens crops
Extreme Drought Hits Much of US; 1000 Counties in 26 States Named Disaster Areas; Ranchers Sell Herds as Feed Costs Skyrocket

## Environment/health ##
Temperatures due to soar to 43 degrees in Greek heatwave

## Intelligence/security/internet ##
Defects leave critical military, industrial infrastructure open to hacks
"iTunes has 'more robust' security than some of our critical infrastructure."
Stuxnet shifts the cyber arms race up a gear
Obama Order Gives Power to Seize Control of All Communications Systems
"Telephones, cellular wireless networks, and the internet are all included in Obama's dictatorial decree"

## Systemic breakdown ##
$700 million needed to fix roads -- report (Canada)

## Japan ##
Japan JX to shut refinery over falsified inspection records
TEPCO chairman admits Niigata reactor restarts are in trouble
Industrial output in May revised down
240,000 evacuated amid Kyushu deluge

## China ##
Shipping Rally Ending as China Hoards Record Coal Heaps
"Record coal stocks at power plants in China, the biggest consumer of the fuel, are threatening to reverse the rally in rates for commodity carriers and diminish returns for ship owners to the lowest in more than a decade."
HebeI Steel H1 profit expected to tumble 60pct YoY to 90pct YoY

## UK ##
Milk price cuts: UK-wide disruption by farmers mooted
Olympic Park still unfinished as athletes arrive

## US ##
County pulls pavement on some roads
Snyder's Detroit plan would raze homes, fight crime near schools
Leaked Docs Reveal 'Off the Charts' Damage at US Nuke Plant
The looming student loan bubble – Almost half of all student borrowers were not making payments
As Foreclosures Ramp Up, New Roadblocks Ahead
Nationwide Insurance: Fracking Damage Won't Be Covered

And finally… Become Your Own LOLcat With Brainwave-Controlled Kitty Ears

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