Thursday, September 13, 2012


News Links, September 14, 2012

## Global Ponzi meltdown/House of Cards ##
Coffers empty, Paraguay sells $45 million in bonds
"Paraguay's government has run out of money, so put another package of treasury bonds up for sale Wednesday, worth $45 million, to cover a $12 million hole in this year's budget and be able to make upcoming payments on its $2.2 billion in debt."
South Korea announces fresh stimulus for businesses
"South Korea has unveiled a fresh stimulus plan, its second in four days, in an attempt to revive growth in its economy."
Lenders sue Dubai Group over $10bn debt
The Country Beckons Spaniards as Jobs in Cities Grow Scarce
Petrovietnam must pull out of finance, stick to oil -govt
"Vietnamese state-run energy firm Petrovietnam must cease work at its finance arm Petrovietnam Finance Corp (PVFC) and instead concentrate on its core oil and gas businesses, the government said on Wednesday."
The Price Of Oil Is The New Economic Spoiler
China says tensions with Japan likely to hurt trade
"China warned Japan on Thursday that trade could be hurt by the flare-up in tension over a group of disputed islands that is fraying ties between Asia's two biggest economies."
Canada: College tuition increases five percent
Brazil cuts growth forecast to 2% for 2012
India's exports fall nearly 10 per cent to $22.3 billion in August
Economic slowdowns in China, India and Russia entrenched -OECD
"The slowdown in leading emerging market economies China, India and Russia will persist over the coming quarters, while the outlook for the euro zone remains weak, the OECD said on Thursday."
Global Economic Plunge, Money Creation & Soaring Gold (King World News interview with Mish)
James Dines: The Dollar Will Have To Be Abandoned As World's Reserve Currency

## Airline Death Spiral ##
IATA: Global economic slowdown puts crunch on airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
European Lenders Keep Ties to Iran
Iran bells the sanction cat as Crude Oil gets parked in Tankers off Malaysia
U.S. lawmakers urge White House to seek more Iran oil cuts
S.Africa throws UN nuclear meeting on Iran into disarray
Iran oil exports up, IEA says
"The International Energy Agency said crude oil imports from Iran have increased slightly despite Western sanctions imposed on the country."
BAE, EADS talks may spur more mergers
"In the biggest shakeup in Europe's aerospace and defence sector in more than a decade, Britain's BAE Systems and Airbus-owner EADS said they are in advanced talks to create an industry giant that would overtake rival Boeing in sales and contend with shrinking defence spending in Europe and the U.S."
U.S. warships moving toward Libya with tomahawk missiles
Obama Sends More Drones, Marines to Libya, But Did They Ever Leave?
Power Grab: The Noose Tightens On National Sovereignty in Europe
South Sudan plans China-backed $2.5 billion university project
"South Sudan plans to build five new university campuses with $2.5 billion in oil-backed loans from China, a minister said on Thursday, to boost education in a country where just over a quarter of adults can read."
Taiwan sends 2 coast guard ships to patrol near disputed islands

## Global unrest/mob rule/angry people/torches and pitchforks ##
Egypt security forces, protesters clash outside US Embassy
Protesters Storm US Embassy in Sanaa: Witnesses
Anti-Islam film protests spread across Middle East
Rock throwing erupts at Venezuela campaign event
China-Japan Island Row: Demonstrators Clash at Hong Kong's Japan Consulate
Banner reading "Death to Putin" briefly displayed in Moscow
37 People Arrested At Drone Protest In New York

## Energy/resources ##
Crude prices predicted to hold above $100
Chesapeake Delay the Grim Reaper with $6.9 Billion Asset Sale
Sharjah petrol stations dismantled as supply crisis drags (UAE)
Gas prices soar in several Canadian cities
"Higher gas prices have been jolting motorists in major Canadian centres and the shock has been particularly acute in Montreal, where prices have instantly soared by as much as 13 cents a litre."
India Electricity growth shockingly on the downhill
"Electricity output grew at 2.8 per cent in July 2012, the slowest in this fiscal so far. Mining and quarrying output continued with its poor performance, contracting by 0.7 per cent."
India Raises Diesel Price to Cut Refiners Burden by $3.7 Billion

## Got food? ##
Indonesia to boost Rice output; rely less on imports
Canning Tomatoes 101

## Environment/health ##
West Nile virus cases spread in the US
"Deaths linked to the West Nile virus jumped 35 per cent in the United States over the past week, amid one of the worst US outbreaks of the mosquito-borne disease, officials said Wednesday."
Washington state wildfires prompt evacuations, destroy three homes
6 Things to do with Nuclear Waste: None of them Ideal
And yet we are creating more of this deadly poison. It's a new definition of insanity. -- RF
Poachers killed 100 rhinoceros in South Africa in slaughter surge
Ebola outbreak in DRC risks spreading to towns: WHO
Aging Baby Boomers Face Losing Care as Filipinos Go Home

## Intelligence/security/internet ##
Big Brother or peeping tom? UK installs CCTV in school bathrooms, changing rooms
Malware inserted on PC production lines, says study
House Approves Sweeping, Warrantless Electronic Spy Powers (US)

## Systemic breakdown ##
Northern Mali situation "alarming", Red Cross says
"More than half a million people in northern Mali, occupied by Islamist fighters, need aid to cope with rising food prices, collapsed public services and a lack of health care, the International Committee of the Red Cross said on Thursday."

## Japan ##
BM Japan, Others To Build Megasolar Farm In Okayama
Even if built, it won't save the system. -- RF
Subsidies for renewable power suppliers spur spending rush
Overseas travelers face random frisking at Japanese airports
Nuclear recycling program to continue amid looming storage crisis
Kansai, Kyushu Electric may hike rates for households

## China ##
China's Shadow Banking System Collapses Exposing Numerous Ponzi Schemes; Implosion Reaches Critical Mass
"A collapse of property schemes, commodity schemes, and other investments schemes in China is well underway. The Ponzi schemes all had one thing in common: they needed an ever-growing pool of suckers to pay the returns promised to investors."
IOUs for China's Exporters
"The headline numbers show China's exporters in a perilous state. The reality could be even worse. New data from the State Administration of Foreign Exchange show that growth in foreign-exchange income from exports has fallen away sharply."
Suppliers may cut prices to get orders
China's Xi cited in state media as health rumors fly
Steel market euphoria vanishes into thin air in China
China rushes to build a new generation of mega-dams as thirst for power grows
CHINA CRASH 2012: Here's Why It's Finally Happening

## UK ##
Wildflowers going extinct at rate of two every year
"Wildflowers may have looked wonderful in the Olympic Park but across Britain they are going extinct faster than ever before with more than two species disappearing from some counties every year, according to Plantlife."

## US ##
Nevada Desert Drowning as Underwater Loans Hurt Schools, Police
As Predicted, Bernanke Launches QE3 to Help the Big Banks … Which Will Destroy the Economy
Ron Paul: "Country Should Panic Over Fed's Decision"
'Detropia' documentary generates mostly positive social media reviews on eve of Detroit premiere
Downturn cost estimated at $12.8 trillion
Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row
More Americans opting out of banking system
Desperation Bazooka Tactics; Gold Soars Following Huge Headfake
GM's vaunted Volt is on the road to nowhere fast
Why Recent Graduates Are Moving Back Home In Droves
"It's becoming the norm for young people to move back in with their parents. In fact, 53 percent of 18-to-24 year olds are living with their parents, and 85 percent of college seniors plan on moving back home after graduation."
A Third of Americans Say They Are Lower Class

And finally… Bigger automakers should focus on flying cars: Tesla investor

<< Home

This page is powered by Blogger. Isn't yours?