Tuesday, September 25, 2012


News Links, September 26, 2012

## Global Ponzi meltdown/House of Cards ##
Gold outshines equities in India, ROI doubles in three years
Two-tier wage scales on the increase in Canada
South Korea Delays Fiscal Balance to Boost Economy
Growing Concerns in Israel of a Possible Collapse of the Palestinian Authority Economy
Iron ore output to fall to 130-140 million tonne this fiscal (India)
Maersk to Cut Capacity and Raise Rates
Asia-Europe Container Trade Turns Unprofitable Due To Fuel Cost
Caterpillar Crawling: More Evidence of the Global Slowdown
Bank of America Merrill to Announce Job Cuts of up to 40 People in Asia Pacific Global Markets - Sources
Ford to axe 'hundreds' of jobs in Europe
'Get out of decaying France while you can', campaign warns
And they will go… where? -- RF
Toronto New Home Sales Plunge 64 Percent; Lowest August on Record
Several Exponential Charts
Germany's 'post-growth' movement
Spain set to reveal the pain in its books
Why Germany Is Going to Exit the Eurozone
Dow will repeat 2007-2008 peak-crash cycle: It's deja vu as lessons of meltdown go unheeded

## Airline Death Spiral ##
Airlines cut flights to China and Japan over territorial dispute
Regulators focus on airport runways
JAL shares plunge 8.73% on China worries
Airlines Collect a Record Amount of Bag Fees

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan fires water cannon to turn away Taiwan boats
Report shows most Mexican prisons controlled by inmates
China carrier a show of force as Japan tension festers
Troubling tensions cloud United Nations
Barack Obama warns that US will 'do what we must' to stop Iran
Door for Israeli-Palestinian peace may be closing: U.N.
"U.N. Secretary-General Ban Ki-moon said on Tuesday the "door may be closing, for good" on a two-state solution to the Israeli-Palestinian conflict, saying the continued growth of Jewish settlements undercuts peace."
The risk of unintended escalation in South China Sea

## Global unrest/mob rule/angry people/torches and pitchforks ##
Spain police fire rubber bullets at Madrid protest
Mob chops man to death after burning house
Hundreds of Syrian refugees riot in Jordanian camp
Chinese villagers protest at slow progress over land dispute

## Energy/resources ##
Sail Transport Movement Enters U.S. Mainstream: Eco-Ships And Buying Truly Green Coffee Today
Deal to turn whisky 'leftovers' into biofuel for cars
All these waste-to-fuel schemes added together won't amount to a hill of beans. People simply don't understand the energy scale of industrial civilization. -- RF
Diesel shortage: Europe looks forward to Asia supplies : BofAML
"Europe is facing a shortage of diesel on heavy refinery maintenance crippling diesel production with 2 million barrels per day (11%) of capacity out of the market, according to an analysis by Bank of America-Merrill Lynch."
Fujairah in search for fresh oil reserves
"The UAE emirate of Fujairah carrying out exploration tests for onshore and offshore oil deposits and has so far carried out three drills that have so far been unsuccessful, a government official revealed."
Jobs likely to go at Waihi mines (NZ)
Support new mines, says Joyce (NZ)
Statoil invests in resource recovery
"Norwegian energy company Statoil announced plans to invest more than $40 million in a research center geared toward increasing oil recovery rates."
Coal and Nuclear Power Can't Substitute for Pricey Oil
Is Shale Oil Production from Bakken Headed for a Run with "The Red Queen"?
US to offer 38 mln acres for oil, gas exploration, development
China Reaches for Control of More Canadian Oil

## Infrastructure scavenging ##
Metal thieves strike at Sawbridgeworth construction site (UK)

## Got food? ##
Global Bacon Shortage 'Unavoidable' Next Year, Says U.K.'s National Pig Association
Food Day events being planned nationwide
Land grabbing and food sovereignty in West and Central Africa

## Environment/health ##
Zombie honeybees discovered in Washington state
"A novice beekeeper in Washington state said this week that he's found evidence that a parasite which takes control of honeybees much like an imagined "zombie" virus is spreading into new areas, according to The Seattle Times."
Sea air the secret of long life as census shows Bexhill-on-Sea is Britain's centenarian capital
Sea temperatures affect Great Barrier Reef
Texas drought killed 300 million trees last year

## Intelligence/security/internet ##
U.S. Government Embraces the Same Iranian Terrorist Group that Bush Cited When He Alleged that Saddam Was Sponsoring "International Terrorism"
More countries restrict Internet to stifle critics: report
Drones in Pakistan traumatise civilians, US report says
"Civilians are being 'terrorised' 24 hours a day by CIA drone attacks that target mainly low-level militants in north-west Pakistan, a US report says."
Iran sees cyber attacks as greater threat than actual war

## Systemic breakdown ##
How Do You Take Your Poison? (Chris Hedges)
"Corporate power, no matter who is running the ward after January 2013, is poised to carry out U.S. history's most savage assault against the poor and the working class, not to mention the Earth's ecosystem."

## Japan ##
Locations for disposal of nuclear fuel lacking / New proposal calls for temporary storage while studying stability of permanent underground sites
Sharp to cut 11,000 jobs, sell assets
Taiwan, Japan coast guards duel with water cannons
Companies seek to reduce reliance on Chinese rare earths

## China ##
China's Central Bank Injects Record Funds to Ease Crunch
China's first aircraft carrier enters service
China's A-share market has shed US$158bn so far this year
China's SMEs face financial crunch amid slowdown: report

## UK ##
Record numbers reach retirement age as baby boomers turn 65
Lib Dem conference: 'Millionaire' pensioners may face benefit cuts
Weather: hundreds flee their homes as storms lash Britain
"Residents were forced to leave their homes today as widespread flooding and torrential downpours continued to wreak havoc across Britain."

## US ##
Shocking Study: Suicide Overtakes Car Accidents As Leading Cause of Death -- Is the Economy to Blame?
How the Government Built Fracking
Car Buying Is Down and We're Driving Less. Has the Love Affair with the Car Come to an End?
Use commemorative coins to pay down deficit, lawmakers suggest
Informant nation: "Text-a-Tip" Snitch Program Invades Small-Town America
Tesla shares tank; here's one more reason why

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