Saturday, September 15, 2012


News Links, September 16, 2012

## Global Ponzi meltdown/House of Cards ##
Hong Kong Tightens Mortgages Amid QE3 Concerns of Bubble
U.S. Industrial Production Fell in August
Breaking: Historic Silver Panic In Progress, Says GATA Sources
India Prime Minister Cautions Against Growth 'Collapse'

## Airline Death Spiral ##
Canada's airline industry expected to sputter
Airline Cutbacks Hit Smaller US Cities
"Small and mid-sized cities across America are facing dramatic reductions in air service as tough economic times and rising fuel costs have spurred carriers like Delta to pare flying to money-losing markets and focus on big cities."
Southwest Airlines triggers an across-the-board airline price hike: Not such good guys after all?
Japanese Airlines: From bloated to floated
Apple-Led Tech Race May Buoy Air Rates Amid Weak Shipping
NTSB Warns Of Problems With GE Jet Engines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Attacks on US Drones Shutter Benghazi Airport
"The Benghazi Airport was closed overnight and remained closed for much of the day because of heavy anti-aircraft fire around the city by various Islamist factions targeting the US drones that have been looming overhead since the attack on the US consulate earlier this week."
Marines Killed In Attack On Base In Afghanistan
"Heavily armed insurgents attacked a British air base in southern Afghanistan Friday, killing two U.S. Marines and wounding several other troops, U.S. officials said."
Prince Harry targeted in fatal Taliban attack on 'impregnable' military base
S. Korea Halts Crude Imports From Iran After Insurance Lost
Israeli official signals no war is imminent with Iran
"A senior Israeli official signaled on Saturday that there would be no unilateral attack on Iran in the coming weeks, saying that international pressure had kept Tehran's controversial nuclear program in check."
Police, insurgents clash in Dagestan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-Japan protests in China swell, turn violent
Canadian auto workers on verge of major strike
Huge rallies in Portugal as anger over tax hikes grows
Spaniards pack Madrid for rally against austerity measures
Anti-Putin protesters show their strength in Russia
Thousands of striking teachers rally in Chicago
S.Africa police fire tear gas at strikers near massacre site
New violence sweeps countries across Islamic world

## Energy/resources ##
Oil Retreats After IEA Says High Prices 'Unbearable'
"U.S. oil prices retreated over $1 after topping $100 a barrel early Friday when the International Energy Agency's chief economist said high prices are now "unbearable for consumers" and traders anticipated an announcement of a release of emergency oil reserves could be imminent."
Review: "Reinventing Fire" by Amory Lovins (Ted Trainer)
China's Africa envoy says South Sudan oil may flow by November

## Got food? ##
Pick-your-own apple farms face slim pickins (Canada)
"Many apple farmers have said they've lost an astounding 80 per cent of their crop."
Healthful food for healthy chickens

## Environment/health ##
Nuclear Power's Long and Toxic Tail
On the dangers presented by the large amount of spent nuclear fuel. And this article does not even touch upon the catastrophe that awaits the world when power grids collapse. -- RF
Niger Delta still waiting for oil cleanup
Half of drugs prescribed in France useless or dangerous, say two specialists

## Systemic breakdown ##
Dependence on 'energy slaves' driving us to economic collapse
Are Drug Pipelines Really Improving?

## Japan ##
Visualizing Japan's Debt Crisis (infographic)
Japan to complete 3 new reactors despite no-nuclear policy
New reactors could yet go critical in no-nuclear pledge loophole
65% back revising postwar Constitution: Mainichi poll
Disaster alert system fails test / Nearly 250 local govts have trouble receiving 'emergency reports'

## China ##
China's Vice-President Xi Jinping in public appearance
China's top 107 firms see credit pressure
China's Sany Heavy Ind Q2 profit slides on unpaid bills

## UK ##
Wind farms will not stop global warming, claims minister
Cyclists set to get their own traffic lights
Leading to a still more complex infrastructure. Sounds like a winner. -- RF
Emergency Hospital Care 'On Brink Of Collapse'

## US ##
Big Decline in Credit Card Debt
NYTimes offers lump-sum pay or lower annuity option to ex-staff
Census: 46.2 million poor Americans, income inequality growing
Chicago teachers fear wave of school closings after strike
10 Shocking Quotes About What QE3 Is Going To Do To America
Hyperinflation is Virtually Assured – John Williams
Inflation, inflation, inflation!
Calif. mulls fate of closed nuclear plant

And finally… Awkward baby passport photo goes viral

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