Wednesday, July 11, 2012


News Links, July 7, 2012

## Global Ponzi meltdown/House of Cards ##
IMF to trim global growth forecasts
Spain Rescue Seen Worse Than Cure as Hospitals Make Cuts
Germany's Economy Catches the Euro Flu
Japan Composite PMI Contracts; China Composite PMI Stagnates
Cyprus Asks Russia for €5 Billion Loan
Bank of England warns UK banks need more capital
Plunging New Orders Suggest Global Recession Has Arrived
Debt crisis: Finland warns of euro exit rather than pay debts of others
Denmark sets a negative rate for first time
Markets, Economies, Central Banks All Out Of Power
HTC profit drops 57.8% in Q2
Hollande and Merkel Want a "Super Mr. Euro" Position; I Nominate Max Keiser For The Job (Mish)
Asia stocks fall despite global stimulus measures

## Fault lines/flashpoints/powder kegs/military/war drums ##
Govt. to Stretch Limit of Continental Shelf (SKorea)
Car bomb kills 7, wounds 20 in central Iraq: police
Switzerland ramps up Iranian sanctions
Two Japanese land on disputed island: coastguard
Border Controls Are Back In Europe

## Global unrest/mob rule/angry people/torches and pitchforks ##
Togo police fire teargas at embassy protesters

## Energy/resources ##
$26 A Gallon for Biofuel - Is the Navy Paying too Much to be Green?
Widespread blackout in Toronto caused by spike in demand
Strikes shut two oil ports in eastern Libya
"Strikes have shut two major oil ports in eastern Libya, and they are not expected to open until after elections on Saturday, causing loading delays that are already having an impact on oil prices, shipping and trading sources said."
Norway government seen intervening to end oil strike
Oil theft costs Nigeria $1 billion monthly
Nuclear power at record levels, despite Fukushima disaster

## Got food? ##
Corn, wheat, soybean futures rise sharply
Global Food Prices Set to Soar: 2007-8 Food Crisis Revisited?

## Environment/health ##
Psychopathy and the CEO: Top executives have four times the incidence of psychopathy as the rest of us
Rest is a key part of life
How Stress And Sleep Loss Are Shortening Your Life
Nowadays, heat is harder to take
UK braced for further severe flooding
Top 20 Cities with Billions at Risk from Climate Change
El Niño Likely Coming Early This Year

## Japan ##
Japan's Azumi: government could run out of cash by October
"Japan's government could run out of money to fund this fiscal year's budget by the end of October, the finance minister said, as a standoff in parliament over a deficit financing bill threatens to wreak havoc with the country's finances."
Fukushima worker "Shortage of nuclear worker is becoming serious"
Japan's giant pension fund sold $32 billion of assets in 2011/12
"Japan's Government Pension Investment Fund, the world's biggest public pension fund, sold or cashed out a total of 2.54 trillion yen ($31.77 billion) of domestic and foreign bonds in the financial year that ended in March to raise cash to cover to payout shortfalls."
Govts rely on free Web services / Tight budgets lead entities to hand public info to private sector

## China ##
China's Surprise Rate Cut Could Mean Weaker 2Q
Shares In Chinese Billionaire Family's Jewelry Retailer Drop 5.7% On Worsening Profit Outlook
Iron ore prices decline as Chinese mills reluctant to buy

## UK ##
Children's charities warn of rise in vulnerable
"The number of children living in vulnerable families could rise to more than one million by 2015, three leading UK charities have warned."
Farmers demand reversal of milk price cuts
"Farming unions have demanded the reversal of recent cuts in the price of milk as hundreds of UK dairy farmers prepare to meet in London next week."
Torrential rain causes flooding and huge disruption
"Torrential downpours caused flooding across the country today, closing a motorway, disrupting train services and leaving thousands of people preparing to evacuate their homes."

## US ##
Philadelphia Bans Serving Food To The Homeless In Public
'Reshoring' of Jobs Looks Meager
Connecticut's Ribbon of Hardship
'Bath salts' suspected in nationwide naked crime wave
Huge swaths of U.S. swelter amid prolonged outages, new storms
Signs We Are Approaching a Zombie Economy
Best Buy lays off 2,400 employees
Companies Using Overtime, Temporary Staff to Meet U.S. Demand
Housing Crisis Could End Suburbia As We Know It
8,733,461: Workers on Federal 'Disability' Exceed Population of New York City
Class Action Lawsuit Filed Against GM For Channel Stuffing

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