Friday, August 17, 2012

 

News Links, August 18, 2012

## Global Ponzi meltdown/House of Cards ##
Spanish banks June bad loans surge to record
"Bad debts held by Spanish banks surged in June to its highest level on record and there were further outflow of deposits as the economy sank deeper into recession and worries about the health of the banking industry mounted."
Dutch unemployment hits 16-year high
Big Changes Ahead: Gold Just Became Money Again
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

## Airline Death Spiral ##
Airport Delays Threaten Air Berlin's Survival
Why Nigerian airlines are in financial dire straits

## Fault lines/flashpoints/powder kegs/military/war drums ##
Indian PM moves to cool panic as thousands flee cities
More than 30 died in S.Africa mine crackdown: police
More 'spectacular' defections in Syria soon: France
Hezbollah says can kill tens of thousands of Israelis
"Hezbollah said on Friday it could kill tens of thousands of Israelis by hitting targets with what it described as precision-guided missiles in a declaration that seemed aimed at deterring Israeli strikes on Lebanon or its regional backer Iran."
Israel strike on Iran would be disaster: Netanyahu's ex-deputy
"A former deputy of Israeli Prime Minister Benjamin Netanyahu said on Friday a pre-emptive military strike against Iran over its nuclear program could embroil Israel in a 'disastrous war.'"
Israeli DM Declares Public Opposition to War on Iran Doesn't Matter
It's business as usual, Israelis say, as they get in line for gas masks
German army's crisis role widened
"The German military will in future be able to use its weapons on German streets in an extreme situation, the Federal Constitutional Court says."
South Korea rejects Japan's idea of taking disputed islands to ICJ

## Global unrest/mob rule/angry people/torches and pitchforks ##
Dairy farmers blockade Muller factory at Market Drayton (UK)

## Energy/resources ##
Crude Settles at $95.60, Fresh Three-Month High
Oil feels pressure from Middle East crises
Arctic Sea Ice Heads for Record Low as Melt Beats Forecasts
ATP Oil & Gas Files for Bankruptcy Protection in Texas
Peak oil – oil prices need to double in a decade
"Michael Kumhof explains the International Monetary Fund (IMF) Research Department's new, strikingly more accurate, oil supply/price/demand prediction model, and says that according to the model oil prices will need to double in a decade to grow world oil production by 0.9%, in line with published EIA predictions."
Mexico's big oil problem
"Mexico, one of the largest suppliers of oil to the United States, has a big problem: Its production of crude is falling fast."

## Got food? ##
Asian Buyers' Soybean Imports Seen Surging by Oil World
"Imports of soybeans and soybean meal have surged from some of Asia's largest buyers, signaling demand hasn't slowed as prices rallied, Oil World said."

## Environment/health ##
Airplanes spray Dallas to kill mosquitoes

## Intelligence/security/internet ##
Egypt's Mursi accused of stifling dissent in media crackdown
Iran's Words Mistranslated Again by Americans Trying to Start a War
Reuters hacked for third time with hoax al-Faisal death
New virus may be US, Israeli digital strike against Hezbollah

## Japan ##
Japan expects 1.7% real GDP growth in FY 2013
Government bill looks to increase Japan Coast Guard's power in island disputes

## China ##
China's Hunt for Gold Goes Overseas
China Sinking Big Bucks Into African News

## UK ##
Petrol prices rise again, the AA warns

## US ##
Student Loans Can Dent Retirees' Social Security
US Reliance on Saudi Oil Heads Back Up
"The United States is increasing its dependence on oil from Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow."
Woman Could Be Fined $600 For Giving Children Free Lunches
Proof Positive that Government's "Homeowner Relief" Programs Are Disguised Bank Bailouts … Not Even AIMED at Helping Homeowners
Indiana melons linked to salmonella outbreak
44 states report unemployment up
New Jersey Unemployment Hits 35-Year High of 9.8%; What Does That Suggest About Retail Sales?
What Recovery? Petroleum Deliveries Lowest Since September 2008; Weakest July Demand Since 1995
Living Paycheck to Paycheck: Personal Finance for the 40%
Bain Closes U.S. Plant, Forces Workers to Train Chinese Replacements




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