Sunday, August 26, 2012


News Links, August 27, 2012

## Global Ponzi meltdown/House of Cards ##
Dutch Premier Rutte Defends Austerity, Says No to More Greek Aid
Kuwaiti investment firms to bite debt bullet
'A return to Gold Standard may trigger $10,000/ounce Gold rally'
Singapore Sees Taxes Rising on Social Spending as Nation Ages
Hedge funds are betting on disaster

## Airline Death Spiral ##
World's legacy airlines come under pressure
Sharp fall in profits at Air NZ expected

## Fault lines/flashpoints/powder kegs/military/war drums ##
Mexican gangs block roads, torch vehicles in western Mexico
"Armed gangs blocked highways throughout Guadalajara, Mexico's second biggest city, on Saturday and vehicles were set on fire amid a surge in drug-war violence."
Eleven corpses turn up along highway in southwestern Mexico
34 American nations back Ecuador in UK diplomatic spat
Brazil's defense industry booms
U.N.: Chinese weapons plentiful in Africa
U.S. AFRICOM Commander Welcomes Regionally Aligned Brigade Focused on Africa
U.S. Arms Sales Top $66 Billion In 2011
The War in the Shadows (Chris Hedges)
No Permanent U.S. Bases in Australia, Aussie FM Says

## Global unrest/mob rule/angry people/torches and pitchforks ##
Petrol bombs thrown at Bahrain police station
Scattered anti-Japan protests held in China
Thousands demonstrate in Egypt in first sizable protest against Morsi regime

## Energy/resources ##
South Korean refiners in 'emergency' mode after earnings tumble
"South Korean oil refiners are in 'emergency' mode and tightening their belts after their earnings tumbled in the quarter ended June 30, but with uncertainty in the global outlook lingering and their home market saturated, their hoped-for recovery in the current quarter is not guaranteed."
Iron ore price slide will continue - Experts
Power breakdown at pumping stations causes water shortage
"The Karachi Water and Sewerage Board (KWSB) has advised the citizens to conserve water and use it with caution after over 160 million gallons of water could not be supplied to the city due to a power breakdown at its Dhabeji, Gharo and Pipri pumping stations."
Hike diesel prices to save oil companies, says Crisil (India)
Fires continue to burn at Venezuela's Amuay refinery
Venezuela: refinery to restart in two days after fire
Merkel's Other Crisis Spurs German Quest for Energy Holy Grail

## Got food? ##
U.S. Crop Tour Draws Global Crowd
"The dozens of investors and analysts who descend on the U.S. heartland for a closely watched crop tour each year are fed down-home meat and potatoes at small-town cafes and hotel buffets. But the tour is gaining more of an international flavor."

## Environment/health ##
Why the Lakes are slowly getting less Great
Niger floods cause widespread devastation
Drought-hit Serbian town of Valjevo prays for rain

## Intelligence/security/internet ##
LEAKED! TPP: the Son of ACTA will oblige America and other countries to throw out privacy, free speech and due process for easier copyright enforcement

## Japan ##
U.S.-Japan Security Alliance Is Obsolete Leaving Japan Caught between China and the U.S. in a New Asian Order
Minivehicle ownership at record high
Bill to sell debt approved by Lower House committee
"A Lower House panel approved a bill Friday that will allow the issuance of deficit-covering bonds this current fiscal year, taking a step toward averting a situation in which the government runs out of operating money."

## China ##
OMG, China's Manufacturing Is Crashing
Maanshan Iron & Steel loses CNY 1 billion in H1
More property curbs expected

## UK ##
Soaring costs 'will leave families £200 worse off'
"Families will see modest pay rises wiped out by sharp increases in energy bills, mortgages and petrol costs, one of the country's biggest investment banks has warned."
Britain's lakes and canals hit by toxic algae

## US ##
Authorities: 2 dead, 1 wounded in Chatham shooting
You Are Drinking What?
"With water in short supply across the country, it's time to take a serious look at recycling sewage"
GM Seeks Bigger Credit Line To Shrink Pension Obligations; Déjà Vu Pension Woes
Scholarships are in decline as tuition soars
Damage Estimates For Isaac Raised To $36 Billion
The Rot Runs Deep 1: The Federal Reserve Is a Parasitic Wealth Transfer Machine (first in a series)
I have long held that a neofeudalistic system is developing in the US, and this article describes in part how it is proceeding. -- RF

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