Friday, September 21, 2012


News Links, September 22, 2012

## Global Ponzi meltdown/House of Cards ##
Alarm rings over China slowdown risk for Gulf
"China's stalling economy poses a bigger risk to the prosperity of the GCC than the escalating debt crisis in Europe, economists and the IMF warn."
What will Europeans be driving in 2030?
Oxcarts? -- RF
Spain gears up for bank bailout by eurozone partners
Spain's Fiscal Deficit 8.56% of GDP in First Half; Impossible Second Half Targets
2012 growth slower than forecast (Turkey)
The slow bank run that could still doom Europe
Vietnam begins work on its first space center
What Key Shipping Index Signals About Global Economy
Trade Growth to Plunge Below 20-Year Average

## Airline Death Spiral ##
Emirates deal will be end of Qantas: TWU
"Qantas will be split up and sold off at a 'rock-bottom price' within four years if its proposed tie-up with Emirates goes ahead, the transport union says."
JAL shares below offer price as island row bites
Japan Airlines cuts flights to China amid squabble
Narita airport's exorbitant landing fees still drawing flak from carriers
ANA Switching To Smaller Aircraft For China Flights
As Delta Prepared to Make Jet Fuel, United Briefly Eyed Refinery

## Fault lines/flashpoints/powder kegs/military/war drums ##
South Korea navy 'fires at North Korea fishing boats'
Should Japan be Worrying More About a Deep Chinese Recession than Conflict over the Senkakus?
China sends 10 ships to haunt Senkakus
Treaty with Japan covers disputed islands: U.S. official
"The uninhabited islets in the East China Sea at the center of a bitter dispute between China and Japan are 'clearly' covered by a 1960 security treaty obliging the United States to come to Japan's aid if attacked, a top U.S. diplomat says."
Weapons-systems plant for Abu Dhabi
U.S. plans $1.4-billion arms package for Indonesia
Russia to Keep Kyrgyzstan Military Base
Israeli soldier, 3 gunmen killed near Egyptian border
US removes Iranian group from terror list

## Global unrest/mob rule/angry people/torches and pitchforks ##
Pakistani protesters clash with police on Muslim "Day of Love"
Pakistan on lockdown as mass protests expected to grip country
Embassies close in fear of more protests
Amplats says wildcat strike continues at S.Africa mines
AngloGold workers strike at S.African mine
U.S. shuts Indonesia missions; more protests planned
Future Movement protests power rationing in south Lebanon
Countrywide strike in India over diesel price hike (India)
Bomb leaves six dead in Thailand's restive south
Anti-American sentiment spreads to Asia
Muslims protest in Tokyo against U.S. film on Prophet Muhammad

## Energy/resources ##
Deepening Doubts About Fracked Shale Gas Wells' Long Term Prospects
"The oil and gas industry has propagated a vision that fracking unleashes vast amounts of gas which then flows relatively steadily for decades. But a growing mountain of evidence suggests that nothing could be further from the truth. Shale gas wells dry up, sometimes long before they have produced enough gas to cover the costs of drilling and fracking them."
Fracking banned by Quebec government
EU U-turn spells doom for food-based biofuels boom
"European Union plans to cap the use of food-based biofuels are a major setback for an industry once seen playing a central role in the fight against climate change, but now more often cast as the villain following a series of global food price spikes."
ExxonMobil Increases Stake in Bakken Field to 600,000 Acres
Kyrgyzstan will not likely avoid emergency power cutoff
Greeks searching for cheaper heating solutions
"High demand for wood has led to a massive increase in illegal logging in mountainous regions of the country, where forests and even orchards are being depleted, along with a rise in illegal sales."
Here again, events in Greece presage what will happen around the world. -- RF
China in closed door negotiations to purchase Mexican crude oil without using US
Top solar panel maker Suntech faces NYSE delisting
Romania Gets No Bids for Nuclear Reactors, Ziarul Financiar Says

## Infrastructure scavenging ##
Metal thieves targeting Modesto fire hydrants
Metal thieves cause £30,000 damage for £100 haul

## Got food? ##
Food Prices Push Up Brazil's Inflation
How will climate change affect food production?
How to Make Compost
Nature does almost all the work. It's easier than you think. -- RF

## Environment/health ##
Drought area expands in northern U.S., eases in south
Arctic expert predicts final collapse of sea ice within four years
Sugary drinks may magnify the genetic risk of obesity

## Intelligence/security/internet ##
Restrictions on religion rise around the world: report
NBC: Iran reportedly behind cyber attacks on U.S. banks
The Disappearing Web: Decay Is Eating Our History
Iranian hackers target Bank of America, JPMorgan, Citi
Take the Test to See If You Might Be Considered a "Potential Terrorist" By Government Officials

## Systemic breakdown ##
Unproductive Congress earliest to adjourn since 1960
Power outage in Yukon knocks out communication systems across territory
"A power failure in the Yukon appeared to set off a chain reaction across the territory Thursday, knocking out communication services, including the 911 system."
BlackBerry email goes down again
21 Facts About America's Decaying Infrastructure That Will Blow Your Mind

## Japan ##
A Schematic Of Japan's Entire Economy In One Chart
Insurance payouts may soar over corporate damage caused in China
Hokkaido Electric Bracing For Y47bn Interim Net Loss
Late-summer heat in northern Japan most intense on record: agency
New energy tax causing anxiety / Costs of tariff on fossil fuels to be passed to households, businesses

## China ##
Ageing China: Changes and challenges
China Investment Seen Failing to Secure Growth Rebound This Year
Japanese firms braced for China slowdown amid lengthier customs checks
China's a 'Roach Motel'; Don't Trust the Numbers: Chanos

## UK ##
U.K. Posts Record August Deficit as Tax Revenue Falls: Economy
Surgery death rate 'twice as high as thought'
"Twice as many people die after surgery in NHS hospitals as previously thought, according to a new report that finds serious shortcomings in the way many patients are treated."

## US ##
Vegas Bet on Chinese VIPs Raises Red Flags With Feds
Chicago: Unemployment jumps to 9.1 percent in Illinois
Unemployment rates up in 26 states
Wind power faces tax credit uncertainty
"Uncertainty over the federal wind tax credit, set to expire at the end of this year, is taking its toll on the nation's wind power industry."
Minnesota farmer cleared in raw milk case
The Trouble with Printing Money (Chris Martenson)
PIIGS In America: Is Illinois Preparing To Request A Federal Bailout?
Austerity Age Hits Rockwell Collins, Another Defense Earnings Warning

And finally… US officially confirms it's not planning to attack Canada

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