Monday, September 10, 2012


News Links, September 10, 2012

## Global Ponzi meltdown/House of Cards ##
U.S. Fiscal Cliff Endangers World Economy, Lagarde Tells APEC
Egypt sees IMF deal in 2 months, eyes World Bank aid
Beijing To Bernanke: Bring On QE3, Fast
No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement
Sweden aims to be cashless society
"With just three per cent of all financial transactions involving cash, country moves to eliminate physical legal tender."
Even a short power outage will cripple this system. What happens when the blackouts come? -- RF
Egypt cotton exports start to unravel
May the Stars be wrong: Global Depression forecast for 2014
I'm not an astrology buff, but there's a high possibility they are calling this right. -- RF
Talk increases of second Monti government in Italy
Asia-Pacific Leaders Focus on Trans-Atlantic Danger to Recovery
We Are All Germans Now: Europeans Travel North Looking for Jobs
Madrid chosen for EuroVegas gambling resort

## Airline Death Spiral ##
Boeing 767's landing gear door falls into neighborhood near Seattle
Heathrow expansion won't happen, says Vince Cable
Nigerian airline collapses as industry struggles
Virgin Atlantic CEO stepping down
"The departure of Mr. Ridgway, 62, comes amid a big shake-out in Europe's airline sector this year as high fuel costs and growing competition on domestic and regional routes from lower-cost budget carriers have contributed to the financial collapse of a number of small airlines and left many of the region's major flag carriers nursing steep losses."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan, China leaders meet after tension over islands
"Japanese Prime Minister Yoshihiko Noda and Chinese President Hu Jintao met briefly on Sunday after weeks of tension over a territorial dispute, with Japan calling for the neighbours to deepen mutually beneficial relations, Japanese media said."
Iraq Carnage: 107 Killed, 484 Wounded As VP Condemned to Death
Iranian private sector exports first oil consignment despite sanctions
Turkey's Iranian oil buying jumps in August
U.S. Attack on Iran Would Take Hundreds of Planes, Ships, and Missiles
Report: Taliban labels Prince Harry as 'high-value target'
Europe to open skies to drones by 2016 says Commission document
"In an obscure working document, the European Commission has announced it is working on plans to open European civil airspace to unmanned drones by 2016."
Russia Slams US Policy of One-Way Syrian Sanctions

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest in Japan against Osprey aircraft
Kabul-Kandahar highway is a symbol of what's gone wrong in Afghanistan

## Energy/resources ##
The Repricing of Oil: Traditional pricing dynamics no longer apply
Official: Iran, Turkey agree to transfer Turkmen gas to Europe
Scrap-Steel Futures Debut on CME as Demand Gains 24% Since '09
Has OPEC misled us about the size of its oil reserves? Does it matter?

## Got food? ##
FAO: Global Cereal production not to fully cover expected demand
Overfishing pushes tuna stocks to the brink: experts
Whoa, Is Organic Food No Healthier [sic] Than Non-Organic? Controversy Erupts Over Study
All these articles — this one included — miss the important point that the pesticides and chemical fertilizers are made and delivered by an unsustainable system. -- RF
Two Hungry Nations Collide Over Fishing

## Intelligence/security/internet ##
FBI begins installation of $1 billion face recognition system across America
Security firms see rise in smartphone cyber-attacks
Uncle CyberSam Prepares To Defend Your Internet For You

## Systemic breakdown ##
Coming soon to Honduras: privately run cities
Our years of magical thinking: interview with James Kunstler

## Japan ##
The Japanese Writing On The Walls
TEPCO says it has no money to develop renewables
No. of regular employees of Ito-Yokado to be halved, 90% of employees to be part-timers

## China ##
Loan Rollovers Easy in China
Is China Hiding Mother of All Debt Bombs?
China fattens pig farms to tame pork prices
China's Factories Run at Lowest Rate in 39 Months

## UK ##
New wave of confidence for North Sea oil
"New allowances announced by chancellor George Osborne to ease the tax burden on North Sea oil and gas operators seeking to extend the life of declining fields have been welcomed by industry."
Flagship aircraft carrier Ark Royal to be sold for scrap

## US ##
Childhood Poverty Rate is Worse in D.C. Than Mexico, Says New Report
No-interest loans trump gas prices to spur auto sales
Are 12 million new jobs enough? Not hardly.
Owners Lose Possessions After Home Near Twentynine Palms Is Mistakenly Foreclosed
Too Big To Jail: Wall Street Executives Unlikely To Face Criminal Charges, Source Says
US debt collectors cash in on $1 trillion in student loans
Plenty of Jobs if You are "King of the Road"
Price Wars Prompt Firms To Abandon Service Sector

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