Wednesday, August 29, 2012


News Links, August 30, 2012

## Global Ponzi meltdown/House of Cards ##
Australia: Running Out of Luck Down Under (PDF)
A New Run On The Banks? Spaniards Pulling Cash Out At Record Rates
Capital Flight in Spain Hits 15-Year High
Danish Economy Shrinks More Than Estimated as Spending Drops
Italy's Austerity Leads to Ferrari Sell-Off
Abandoned Jag, BMWs and Mercedes Gather Dust at Abu Dhabi Airport
Serbia's Army of Jobless Swells as Milosevic-Era Leaders Return
Three multinational retail giants face problems in China
Heavy Shipping Poised for Takeovers as Financing Fades: Freight
Dubai's DP World reports flat H1 profits

## Airline Death Spiral ##
Lufthansa staff to go on strike
"Loss-making Lufthansa has said it will cut 3,500 jobs."
United Hit by Outage
"United Airlines was hit by widespread computer-network problems on Tuesday that caused hundreds of flight delays at airports around the world, the latest in a series of glitches to affect the world's largest carrier."
Southwest jets make emergency landings
"Problems with smoke and cabin pressure forced two Southwest Airlines jets to make emergency landings at the airport in Oakland, Calif., the airline said."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Egypt broadens Sinai campaign against militants
"Egypt's military said on Wednesday it would broaden its offensive against militants in the Sinai Peninsula, a campaign that has raised concerns in Israel about the movement of heavy armour into the area near its border."
Yemen says Saudi Arabia to donate $1 billion to support currency
U.S. increases drug monitoring in Guatemalan, Honduran waters: official
"The United States military is ramping up anti-drug trafficking efforts in Guatemalan and Honduran waters to keep up with shifting smuggling routes, a top U.S. military official told Reuters on Wednesday."
Why Everybody's Going To War in the Middle East (Daily Bell)
How Iran could get carte blanche in the Middle East — without a nuclear weapon
Mexico Shooting Highlights U.S. Role in Drug War
NATO Mulls Another Afghan Surge for 'Drawdown'
Drones take South China Sea plunge

## Global unrest/mob rule/angry people/torches and pitchforks ##
Montreal police arrest 11 after university clash
Kenya violence: New attacks in riot-hit Mombasa
Protesting Italian miner slashes wrist on television

## Energy/resources ##
China rare earth industry being squeezed from all sides
Fuel prices rise again, with more to come (Vietnam)
CNOOC Offers up Oil and Gas Blocks Near Disputed Waters
Petrobras plans offshore oil refinery
High oil prices concern G7
Doug Casey Uncovers the Real Price of Peak Oil
Chinese Firm Files for Approval to Buy Canadian Oil & Gas Company

## Got food? ##
The farmers' hell after the heavens opened
"The agriculture industry has paid the price for one of the wettest summers on record. Now it's our turn"
Soybean Worries Spur Asian Buying

## Environment/health ##
Officials: Hurricane Isaac's storm surge overtops levee, sends 12-foot flood into La. homes
Manhattan to be sprayed with pesticides to fight West Nile virus
Antarctic may host methane stores

## Intelligence/security/internet ##
Cyber spying expands in Iran after operation is blown: researchers

## Japan ##
As gasoline stations shut down, will 2013 see a fuel crisis?
Cosmo Oil to close Sakaide refinery due to low demand
Japan's 2 Largest Aluminum Makers Agree To Merge In '13
Concerns over halt in fishing shipments after cesium found in cod off Aomori

## China ##
China Retailers Lose Steam, Deepening Wen's Challenges
No end in sight for China's economic decline: analysts
Mauling in the Chinese steel market throws up gory prophecies
AgBank Sees Stern Challenges Ahead
China's Stocks Drop to 2009 Low as Air China Profit Falls
Maersk Sees Challenges to China's Export Sector

## US ##
Growth is dead in US
Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To
We Don't Need No Stinking Warrant: The Disturbing, Unchecked Rise of the Administrative Subpoena
Half of Americans die with almost no money

And finally… Spider Venom Viagra?

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