Wednesday, July 11, 2012


News Links, July 9, 2012

## Global Ponzi meltdown/House of Cards ##
Global steel overcapacity putting pressure on prices - Acovisa
21,000 expected to use Irish Personal Insolvency legislation in year one
Roubini On 2013's "Global Perfect Storm" And Greedy Bankers "Hanging In The Streets"
Alternative Currencies Rise as the Eurozone Crisis Worsens
Stunning aerial video charts Dubai's staggering growth
The Escalating War on Transnationalism
Chinese economy facing greatest dangers in 30 years: Citigroup
Argentina: Ditching the dollar
Why it's time for currency traders to batten down the hatches!
Eurozone Bailout Agreement Not All It Seems

## Airline Death Spiral ##
The next airline fee: Paying more to get off a plane faster?

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. beefs up Gulf naval force amid tension with Iran
"A U.S. navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the U.S. Fifth Fleet based in Bahrain said, the latest move in a gradual U.S. build-up as tensions with Iran smoulder."
Passionate Politics: Gun brandished during live Jordanian TV debate
Egypt's Mursi to visit Saudi Arabia on Wednesday
McChrystal says it's time to bring back the draft
Iran plans to sell oil via consortium, Evade Ban
Booming Southeast Asia in a quandary over U.S.-China rivalry
Shia cleric arrested in Saudi after shootout
"Protests erupt in Qatif after government critic Sheikh Nimr al-Nimr was wounded by police during gunfight and car chase."
Bombs, clashes in Afghanistan kill 35 including seven NATO soldiers
"At least 35 people, including seven NATO soldiers, were killed in a string of roadside bombs and clashes on Sunday, one of the most violent days in the country for months."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Israeli protesters demand military draft reform
"Thousands of Israelis marched through Tel Aviv on Saturday to demand an end to the exemption of ultra-Orthodox Jewish men from compulsory military service, an issue that has put huge strain on Prime Minister Benjamin Netanyahu's coalition."
Six Yemenis shot in Aden march, protest leaders say
Tens of thousands protest Mexican presidential election results
Sudan protesters teargassed, politician arrested
Islamists protest NATO supply line in Pakistan
"Thousands of hard-line Islamists streamed toward Pakistan's capital in a massive convoy of vehicles Sunday to protest the government's decision to allow the U.S. and other NATO countries to resume shipping troop supplies through the country to Afghanistan."

## Energy/resources ##
How changing the definition of oil has deceived both policymakers and the public
"Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so. As it turns out, what everyone knows is wrong."
Decaying concrete raising concerns at Canada's aging nuclear plants
Norway oil pay talks fail again, shutdown looms
Tech Talk - the "best of the rest" in Saudi Arabia (TOD)
IMF urges Ukraine to hike gas prices for consumers
World nuclear power output falls 4.3% in 2011
Power crisis to get worse as coal stocks plunge (India)

## Got food? ##
Food production: Small budget remains a big problem (Indonesia)
"The agriculture sector has moved away from its heyday back in the 1980s, when the production of key staple foods such as rice was abundant, outstripping demand. The reality is starkly different now as the country regularly imports rice, vegetables and other foodstuffs in large quantities."
Drought hits 56 percent of continental US; 'significant toll' on crops
The 'Monsanto Rider': Are Biotech Companies About to Gain Immunity from Federal Law?

## Environment/health ##
Time for Emergency Action on Pesticide in Order to Protect Bees
Death Toll Reaches 134 in Russia Floods
After destructive fire, rain worries Colo.
Link between dengue fever and climate change in the US
Thousands of fish die from excessive heat (US)

## Intelligence/security/internet ##
Report: FBI Hopes To Launch Iris-Scan Database To Track Criminals
Drone Hijacking? That's Just the Start of GPS Troubles

## Systemic breakdown ##
But can't technological advance solve the problems? (PDF)
Kabul, A City Stretched Beyond Its Limits
"Kabul was once a relatively lush haven for several hundred thousand residents. But decades of war, migration and chaotic sprawl have turned the Afghan capital into a barely functioning dust bowl.
"The tired infrastructure is crumbling under the weight of nearly 5 million people. And 70 percent of Kabul is now a cramped, ad hoc development where water, sewers and electricity are in short supply."

## Japan ##
Pro-Nuclear Governor in Japan Wins Re-election by Wide Margin
Will the Japanese government be broke by October?
MHI offers mobile power station for electricity in a jiffy

## China ##
China Must Keep Curbs on Real-Estate Speculation
Slow business forces steel traders to move to western China
China's premier warns of further economic slowdown

## UK ##
RBS fights to keep its Libor records secret
"Royal Bank of Scotland is fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate."

## US ##
Unrelenting heat wave bakes half the U.S.; 30 dead
Bank in Georgia goes under; 32 for year
Air Force Drones Trail Civilian Auto Traffic in New Mexico
"The USAF is reportedly targeting and trailing civilian auto traffic on New Mexico's highways.  Harmless or just another example of the blurred lines between the international and domestic application of U.S. military technology?"
Cash Strapped California Votes For $68 Billion Monorail To Get Federal Bailout
Is the US turning Japanese?
"U.S. consumers are now living in a world much like the one the Japanese have been living in for the past 20 years: a world with limited access to credit, little or no appreciation in asset values, slow growth, large government deficits, and a rickety banking system."
Student debt facts
The 'New Gestapo'? Maine Gov. Blasts Massive Expansion of IRS Agents
Texas Seeks New Water Supplies Amid Drought
Trends in Duration of U.S. Unemployment

And finally‚Ķ The Weirdest Chinese Beach Gear You'll Ever See

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