Tuesday, September 11, 2012


News Links, September 12, 2012

## Global Ponzi meltdown/House of Cards ##
Fears Of Currency Devaluation Mount In Egypt
As troops move out, economy slows in Kabul
Central bank money machines fail to spur global economy
You heard it here a long time ago. It's all a time-buying show. -- RF
Every steelmakers is suffering from overcapacity
Philips Electronics cuts another 2,200 jobs
Canada's world trade deficit expands again
Abu Dhabi parents turning to bank loans to cope with school fee rises
1000s face cut in health benefits in Abu Dhabi as insurance soars 20%
Here's The Real Reason There Are Abandoned Luxury Cars Around The UAE
Loan growth accelerates in Saudi Arabia
Survey: 20% of Spaniards want to leave euro
TV Shipments Continue Falling
"Global shipments of TV sets has fallen for the third consecutive quarter according to the latest research from the NPD Group. The decline, which has picked up steam since beginning in the last quarter of 2011, fell 32% sequentially in the second quarter of this year."

## Airline Death Spiral ##
China Southern makes major losses on A380 flights
American Airlines To Cut 839 Jobs At Tulsa Maintenance Base
Anxiety rises as Nigeria records 18 failed airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Top 1,000 Companies Wield Power Reserved for Nations
"Globalization has concentrated economic power within a group of large companies who are now able to change the world at a scale historically reserved for nations. Just 1,000 businesses are responsible for half of the total market value of the world's more than 60,000 publicly traded companies. They virtually control the global economy."
China sends patrol ships to disputed East China Sea islands
"Two Chinese patrol ships have been sent to islands disputed with Japan, which has sealed a deal to purchase the territory, Chinese state media say."
Chinese patrol, surveillance ships arrive near Senkakus: reports
S Korea, Japan set for islands propaganda war
9/11 anniversary: Taliban claim US face 'utter defeat' in Afghanistan
Israeli Leader Ratchets Up Feud With U.S.
"Tel Aviv—The rift between the top U.S. and Israeli leaders appeared to widen Tuesday as Prime Minister Benjamin Netanyahu leveled the sharpest attacks in years by an Israeli leader against Washington amid differences on how to address Iran's nuclear program."
In unusual snub, Obama to avoid meeting with Netanyahu
EU states working on new Iran sanctions, Hague says
Second shooting in Milan after mafia-style killings
Al-Qaeda now a US ally in Syria

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek "human chain" protest delays talks with lenders
Impala Platinum workers demand second wage hike
Hard hats and police shields: Alcoa workers clash with police in Rome
Indian nuclear power protest turns deadly
Huge turnout for Catalan independence rally
Egyptian protesters tear down US embassy flag
"Thousands of Egyptian demonstrators angered by a film deemed offensive to Islam tore down the US flag during a protest at the embassy in Cairo on Tuesday."
Libyan mob attacks U.S. consulate in Benghazi
Hong Kong students boycott class to protest China "propaganda"
Palestinian PM scraps price hikes to appease protesters
Hong Kong's long-running Occupy camp cleared

## Energy/resources ##
Gloomy outlook for power supplies as water shortage forces blackouts (Indonesia)
EU to limit use of crop-based biofuels - draft law
"The European Union will impose a limit on the use of crop-based biofuels over fears they are less climate-friendly than initially thought and compete with food production, draft EU legislation seen by Reuters showed."
Australia moves to block 'super trawler'
"Australia plans to block a controversial 'super trawler' from fishing in its waters for two years in a victory for environmental activists worried about the impact on fish stocks and other marine life."
India fuel price rise unavoidable: oil minister
Wind Energy Could Meet Global Power Demand 100 Times Over
It doesn't matter how much energy could be extracted from wind. What matters is how many wind turbines could be installed and maintained. As the industrial system gradually fails, as energy becomes more expensive, and as shortages of engineers and skilled workers are aggravated, maintaining what we've already built will become impossible. -- RF
The Implications of Saudi Arabia becoming a Net Oil Importer
This article correctly points out that stresses and strains will attain the riot threshold long before KSA has to start importing oil. -- RF
Nigeria: Power Supply Drops By Over 1,000 Megawatts
"Two weeks after the resignation of Prof. Bart Nnaji as Minister of Power and the subsequent promise by the Federal Government to sustain the improvement in electricity supply achieved during his tenure, consumers in most cities have again started to experience frequent blackouts."
Taylor: End of days for Imperial refinery (Canada)
Fuel Shortage Hits South Sudan Again

## Infrastructure scavenging ##
Copper, metals thieves go after trucks, commercial vehicles (US)

## Got food? ##
Twenty more "Niles" needed to feed growing population-leaders
"The world needs to find the equivalent of the flow of 20 Nile rivers by 2025 to grow enough food to feed a rising population and help avoid conflicts over water scarcity, a group of former leaders said on Monday."
Zimbabwe crops fail, hunger looms
Catastrophic World Food Crisis predicted
France pushes for strategic food stocks to cool prices
Coffee price skyrockets as weather affects crops

## Environment/health ##
In U.S., 2012 so far is hottest year on record
Thailand's Central Region put on alert for flashfloods
China-US project allegedly tested genetically modified 'golden rice' on kids
US adds cancer to list of illnesses linked to 9/11 terror attacks

## Intelligence/security/internet ##
Roads to add 200 cameras a year (Shanghai)
Army Wants Tiny Suicidal Drone to Kill From 6 Miles Away
U.S. firm is source of Apple data in security breach
GoDaddy Says Outage Was Not Caused by Hackers
Former CIA Chief: Obama's War on Terror Same as Bush's, But With More Killing

## Systemic breakdown ##
GoDaddy.com Outage Affects Los Angeles Internet Retailers

## Japan ##
Fictional Japanese nuclear disaster film shot partially on Fukushima grounds
Vacancies Drop In Big Tokyo Offices For 2nd Month
Scientists sound alarm on plan to bury nuclear waste
"An organization representing the nation's scientists called on the government Tuesday to drop its plan to dispose of spent nuclear fuel and other high-level radioactive waste deep underground, saying the risk of geological-based problems is too high."
Slow progress containing problems at Fukushima, new ones arise
"The operator is having difficulty pumping water into destroyed reactors at the Fukushima No. 1 plant, tanks are rapidly filling with radioactive water, and hundreds of potentially volatile uranium fuel assemblies remain in a precarious storage pool that some warn could collapse in another strong earthquake."
Radioactive fallout detected far from Fukushima
Sharp announces 10% reduction of management salaries for the next year
Chubu Electric sees Japan's 2012 LNG imports at 83.4 mln tonnes
Tohoku understaffed for reconstruction work
"Municipal governments in the three Tohoku prefectures hit hardest by the Great East Japan Earthquake face shortages of more than 700 reconstruction workers 1-1/2 years after the March 2011 disaster."

## China ##
China To Unleash One Trillion RMB Fiscal Stimulus, Nomura Says
Only 30% of car dealers will meet sales targets in China
Where is Xi Jinping?
China's Xi not seen in public because of ailment: sources
Big Bang in China but will it end in whimper
China to subsidize energy-saving desktops, air conditioners

## UK ##
This spying bill is against privacy and democracy. And it won't work
Seagulls invade cities because of collapse of fishing and rise in recycling food
"Seagulls are invading towns and cities inland because the collapse of the fishing industry means they can no longer feed off the scraps from trawlers and more recycling means less food in landfill, according to the RSPB."
Ageing population and climate change will cause 10,000 more heat-related deaths every year
"Climate change could cause the number of people dying in Britain from unbearable heat to increase by more than 10,000 every year, the Health Protection Agency has warned."
Household bills to rise despite fracking hopes
"Household energy bills are expected to rise as Britain is unlikely to extract much shale gas this decade, the Energy Secretary will warn today."
Chamber calls for probe on number of power cuts in Cheltenham

## US ##
Report: 'Dirty bomb' materials unprotected
"Many U.S. hospitals don't have safeguards to secure radioactive materials from theft for use in a so-called dirty bomb, a draft government report reveals."
How iPhone 5 Sales Could Prop Up the Entire U.S. Economy
Food stamp use at historic high in Tampa Bay area
Brad Pitt says the days of actors getting multi-million dollar salaries are over
IRS Awards $104M to UBS Whistleblower
America's Middle Class Shrinks Further. Now, Blacks And Whites Equally Broke
Rising Health-Care Premiums Hit Middle Class
Moody's Warns Of Downgrade If Congress Doesn't Move On Fiscal Cliff
Ten Towns That Cannot Turn Around

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