Wednesday, September 26, 2012


News Links, September 27, 2012

## Global Ponzi meltdown/House of Cards ##
Spain to seek bailout if yields too high for too long
Erasmus Shipping's Su Says Dry-Bulk at 'Pessimistic Bottom'
Jobs cull as Europe's banks step up costs battle
Gloomy carmakers gather in Paris
Short Sales Rose in First Half of September
"Short selling rose at the New York Stock Exchange and the Nasdaq Stock Market during the first half of September."
Spanish Bonds Slump as Marchers Plan Further Protests
French joblessness tops 3 million for first time in 13 yrs
Guinea secures $2.1 billion debt relief from IMF, World Bank
Canada frets over foreign takeover bids
Ford to cut costs in Europe
Germany Does What The SEC Hasn't - Prepares To Ban HFT
This Time Is Different As Icarus Blows Up & Burns The Birds Along The Way - Greece Is About To Default AGAIN!
Mexican Peso Declines as Protests in Europe Add to Debt Concern
Climate Change Reducing Global GDP by $1.2 Trillion
Iran's Ahmadinejad: Capitalism in quagmire

## Airline Death Spiral ##
Skyway robbery: when it comes to fees, how far will airlines go?
Las Vegas Airline Would Let Flyers Gamble on Prices
Pinnacle Airlines Has Filed for Chapter 11 Bankruptcy Protection
Kingfisher in talks with foreign airlines for FDI
ANA reports 40,000 cancelations on its China routes

## Fault lines/flashpoints/powder kegs/military/war drums ##
Vitol trades Iranian fuel oil, skirting sanctions
"Vitol, the world's largest oil trader, is buying and selling Iranian fuel oil, undermining Western efforts to choke the flow of petrodollars to Tehran and put pressure on Iran's suspected nuclear weapons program."
U.S. Unit's Africa Deployment Will Test New Regional Concept
"Come spring, U.S. soldiers from the Army's 2nd Brigade Combat Team, 1st Infantry Division, will begin deploying to parts of Africa under a pilot test with U.S. Africa Command (AFRICOM)."
Explosions strike top Syrian army building
Yemen's LNG Pipeline Suffers Yet Another Attack
China claims disputed islands are 'sacred territory'
Japan sees no need to compromise on island sovereignty: PM Noda
50 Taiwanese boats intrude near Senkakus
Ten Mexican 'gang members' killed in Guerrero state gun battle
Russian scout aircraft approach Osprey training area
Indonesia seeks rules of road for South China Sea
Billboards of Iran Supreme Leader in Iraq Show Increasing Iranian Influence
"America's war in Iraq had more than just moral and legal consequences. Geopolitically, Washington handed Iraq to Iran."

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek government faces first big anti-austerity strike
Factory Riot Spotlights Breaking Point in China
AngloGold says illegal strike spreads in South Africa
Anti-cuts protests erupt on streets of Athens and Madrid
In pictures: Greece protests
In pictures: Madrid clashes

## Energy/resources ##
Total warns against oil drilling in Arctic
China hones new pitch for Abu Dhabi oil
Canadian oil patch seeks protection from foreign investors
Govt departments turn to prepaid electricity (Swaziland)
Jersey power cut caused by loss of cable with France
Nuclear energy capacity growth slowing after Fukushima: IAEA
September Is "Emergency Preparedness Month" ... And Diesel Power Is Working 24/7 to Protect Public Health And Safety (press release)
JA Solar Buys Back $89.2 Million of Debt to Avoid Delisting
Mexico looking at risky deep water oil
Tight water supply seen threatening Lima's growth
Labor Strike May Threaten Petrobras

## Infrastructure scavenging ##
Copper theft is 'economic sabotage'
Vandals strip metal from bridge, leave behind gaping holes

## Got food? ##
Spain: Girono padlocks dumpsters as hungry scrounge for food
N.Korea to allow limited private ownership of farmland
Russia Bans Monsanto's GMO Corn

## Environment/health ##
'Miracle' crop could invade like kudzu
"But the bamboolike grass has a dark side. Some scientists have called arundo 'the plant from hell' and rank it among the world's 100 worst invasive plants."
100 million will die by 2030 if world fails to act on climate: report
Saudi downplays SARs ahead of Hajj influx
Speed of ocean acidification concerns scientists
Saudi Arabia adopts measures to limit virus infection during Haj
Haiti PM says cholera outbreak under control
Species loss, climate change linked
Cargo cyclists replace truck drivers on European city streets

## Intelligence/security/internet ##
Verizon joins cybersecurity group
U.S. Bancorp, PNC Experience Website Issues

## Systemic breakdown ##
US drug shortages: call for "ethically defensible" rationing
Things have gotten so bad in Spain that they are locking up the trash

## Japan ##
Welfare recipient numbers in Japan reach record high
S&P downgrades Sony
Nomura Said to Cut Up to 30 Jobs in Americas Equities
Japanese Carmakers Slam Brakes On Chinese Production
Toyota to suspend production in China next month
Life insurance premium payments falling
"Life insurance premium payments in this country have fallen nearly 40 percent over the past 15 years as households cut back on spending amid continued economic weakness, according to an industry survey."
Beleaguered Japanese firms face risk of massive exodus of engineers to foreign rivals
90 billion yen worth of land for 'new town' projects left unsold
Gov't to urge power companies to withdraw plans to build nuke reactors
Japan has its hands full with multiple territorial rows
Company having trouble in China? Move to the Philippines!

## China ##
Negative outlook for half of listed companies in Q3
"More than half of the listed companies on the Shanghai and Shenzhen stock exchanges are expecting losses or a slowdown in growth in the third quarter because of rising costs and overcapacity, according to Securities Times."
China's Stocks Fall to 2009 Low on Concern About Economy, Profit
Car Maker BYD's Health Faces Skeptics
Is China Burning? Shanghai Stock Index Breaks 2000 For First Time Since 2009; Reflections on Sentiment
Japan businesses shut out of major China trade fair

## UK ##
Population growing by 1,000 a day, Office for National Statistics shows
Deadly fungus in Ash trees could be 'next Dutch elm disease warns Woodland Trust
Town to darken 150 streetlights to save money
Fears as lights go out on M6 Hanchurch stretch
Pumpkins hit by a bad spell (of weather)

## US ##
Why Are Private Equity Firms Buying Up Refineries on the East Coast?
iNflation: Americans Spend Less On Food, Movies To Pay For Soaring Cell Phone Obsession
USPS Bailout Imminent: Postal Service Will Miss September 30 'Mandated' Payment
California Screaming As 4th Muni Bankruptcy Looms in Atwater
Fed Virtually Funding the Entire US Deficit: Lindsey
Student Loan Debt Stretches To New Record Number Of Households
Income Inequality Predicted to Rise

And finally‚Ķ 
Mitt Romney wonders why airplane windows don't open
Economics students 'are most promiscuous' - survey (UK)

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