Monday, August 06, 2012


News Links, August 7, 2012

## Global Ponzi meltdown/House of Cards ##
Slowdown hits jobs at S. Korean brokerages
"The global economic slowdown and other factors have hit the profits of South Korean brokerages, forcing them to reduce their workforce, sources told Yonhap."
Greece to sell gas firm, grid operator this year: source
Spain to soon create 'bad bank' for toxic assets
Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed
Monti Calls for More Crisis-Fighting Urgency in ECB Standoff
Israel backtracks on tax hike to secure austerity package approval
Weak Rainfall Threatens India's Fiscal Targets
Spanish stocks halted for 5 hours due to trading glitch
Sony on Watch for Debt Downgrade

## Airline Death Spiral ##
Baggage delivery: American Airlines gives it a try
RusLine airline's bankruptcy to be heard on September 7
American Airlines expects to lay off 40 cargo workers at DFW Airport in September
High Fuel Costs Cause Lufthansa Profits to Decline

## Fault lines/flashpoints/powder kegs/military/war drums ##
Islamists kill 15 Egyptians, Israel strikes attackers
"Islamist gunmen killed at least 15 Egyptian police on Sunday and seized two military vehicles to attack a crossing point into Israel, the deadliest incident in Egypt's tense Sinai border region in decades."
Blast on pipeline stops Iraq oil flows to Turkey-officials
"An explosion overnight on the Kirkuk-Ceyhan pipeline, which carries about a quarter of Iraqi crude exports, has knocked out flows and repairs are expected to take up to 10 days, Turkish Energy Ministry officials said on Monday."
Is America the World's Largest Sponsor of Terrorism?
Glimpse of China's New Fighter Fuels Rumors

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Islam protesters gather in Sweden (video)
Dueling movements protest for social justice in Tel Aviv

## Energy/resources ##
Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors
South Korea restarts oldest reactor
India's Future in the Dark Following the Latest Blackouts
Commentary: Peak Oil, Declining EROI and the New Energy-Economic Reality
Power struggle in India as blackouts set to rise
Summer electricity bills 35% higher than 2011 (Israel)
Power shortage warning issued amid heatwave (SKorea)

## Got food? ##
Raised Bed Garden Ideas: Tips and Tricks to Raised Bed Gardening

## Environment/health ##
Ocean acidification could disrupt marine food chains
A Simple Bee House Can Help Essential Species Thrive

## Intelligence/security/internet ##
Your Telephone is Spying on You

## Systemic breakdown ##
Spiral of banks warns of financial meltdown
Economist Richard Duncan: Civilization May Not Survive 'Death Spiral'
"Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $16 trillion federal debt has escalated into a 'death spiral,' as he told CNBC. 
"And it could result in a depression so severe that he doesn't 'think our civilization could survive it.'"
India's massive blackout is just the beginning

## Japan ##
Japan Wants Free Trade. Its Farmers Don't
Agriculture and "free trade": Don't get me started. -- RF
TEPCO video shows tensions as Fukushima crisis unfolds
Hiroshima honors A-bomb dead; protesters chant
Nuclear power plants: A hidden world of untruths, unethical behavior
U.S. Grounds Ospreys in Japan After Protests

## China ##
China urged to secure shrinking social security fund
"The latest report from China's National Audit Office showing a continuing erosion of the nation's approximately 3 trillion yuan (US$470 billion) in social security funds in the form of bank deposits has prompted renewed calls for widening investment channels and generating better returns."
China's 2012 Steel Output May Fall; 1st Time in 31 Years
Xi'an signals cap on car purchases
"The northwest metropolis of Xi'an may become the fifth city in China to impose restrictions on car purchases
to improve traffic congestion."
Loan guarantors in Pearl River Delta reduced by half
China may hike retail gasoline prices Friday

## UK ##
London riots victim: 'It will happen again'

## US ##
Shooting spreads fear among U.S. Sikh population
US mosque burned to ground
Wall Street lenders want bankrupt city to pay them before own retirees
BLM Analysis Reveals Massive Damage From Las Vegas Water Grab
Gasoline Prices up 20 cents over last 5 weeks
Businesses delay investments, hires
Drought will raise food prices in Florida next year
With Earnings Season Nearly Over 60% Of Companies Have Missed On The Top Line, Revenues Down 1% From Last Year
Facebook has no friends: Stock slides below $20
Social Security Not the Deal It Once Was for Workers
Fiscal Cliff: What Really Happens If We Go Over It

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