Saturday, August 25, 2012


News Links, August 26, 2012

## Global Ponzi meltdown/House of Cards ##
Standard & Poor's downgrades outlook for HSBC
Spain delays 'bad bank' legislation required for bailout
Home Sellers Get Realistic in Australia; Mining Companies Going Bust in Record Numbers; Australia Headed for Disaster Zone
Italians cut back on espresso

## Fault lines/flashpoints/powder kegs/military/war drums ##
China conducts third long-range missile test in a month
Iran drawing India closer with talks on train, road access to Afghanistan
From Bug Drones to Disease Assassins, Super Weapons Rule U.S. War Game
Pakistan's black marketers cheer reopening of NATO supply lines
US might add missile defense radar on southern Japan island
Syrian Envoy: Syria Capable of Destroying Israeli Nuclear Sites With 20 Missiles

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Japan protesters march in Chinese city

## Energy/resources ##
World oil supply tightens in last 2 months: EIA
PetroChina Seeks Acquisitions in Central Asia, E. Africa, Australia, Canada
Global O&G Capex to Exceed $1 Trillion
Viet Nam seeks nuclear power infrastructure
Malawians to brace for more power outages – Escom
Venezuela is importing oil despite having world's largest reserve
"Venezuela, a country that boasts of having the largest oil reserves in the world, is facing an acute scarcity of gasoline due to deterioration of its refinery system, and the huge volume of fuel being smuggled out of the country."
GCL-Poly Posts First Loss Since 2009 as Wafer Sales Decline

## Infrastructure scavenging ##
Brazen thieves cutting wires from live circuits

## Got food? ##
Russia to cut its wheat export amid global food crisis
Guerrilla Gardening In Provo City, Utah
A Better Rainwater-Harvesting System
Breakfast in America: The Real Cost of Corn

## Environment/health ##
DIY: Drive the pests away with homemade bug spray
West Nile hits home: Cities boost spraying efforts
Burma floods leave 85,000 homeless in Irrawaddy Delta
Serb villages evacuated, wildfires rage unabated

## Intelligence/security/internet ##
U.S. general: We hacked the enemy in Afghanistan
Stellar Wind: Domestic spying in the US
California approves Location Privacy Act: 'Get a warrant'
Internet black hats cast shadow in China
"China's illicit internet economy is growing at such a rate it will inevitably have a hugely adverse impact on the country's entire economy."

## Systemic breakdown ##
Drug shortage puts strain on pharmacies (Canada)

## Japan ##
Economic downgrade expected
"The government will probably downgrade the economy for the first time in 10 months in its August report as exports and production fell amid the decelerating global economy, sources said Saturday."
Looking at Japan's Government Bonds, We See the Land of the Setting Sun
METI to demand budget money for hydrogen supply system for fuel-cell vehicles
Waste of money. -- RF
Japan medical expenses hit new high of 37.8 tril. yen in FY 2011
Rolling blackouts this summer averted by public power-saving efforts
Public pressure forces gov't to consider phasing out nuclear power
Ministry to amend law to bury nuclear waste without reprocessing
"The industry ministry plans to amend legislation to allow for 'direct disposal' of spent nuclear fuel, a move away from the nation's problem-plagued goal of creating a full nuclear fuel cycle, sources said."

## China ##
Chinese economy poised to sink below 2008 depths
Missing the boat: Chinese shipyards losing orders
China enters unfamiliar economic territory with rising inventory
Exposing China's vast underground economy

## UK ##
Gardeners urged to plant wildflowers
Third power cut in 10 days hits homes and businesses

## US ##
GM Wants to Up Credit Line
"General Motors Co. is in preliminary talks with banks to potentially double its $5 billion line of credit as the auto maker looks to strengthen its balance sheet and shrink pension obligations, according to people with knowledge of the discussions."
Businesses Rein In Big-Ticket Spending
Orders for U.S. Capital Goods Decrease by Most Since November
Was The NYPD Responsible For 10 Of The 11 People Shot Yesterday?
Tropical Storm Isaac Damage May Reach $27 Billion

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