Friday, September 28, 2012


News Links, September 29, 2012

## Global Ponzi meltdown/House of Cards ##
Japan Heads for GDP Contraction as South Korea Weakens: Economy
ArcelorMittal to permanently shut Florange blast furnaces
Grim outlook for Asia's shipping market in 2013
Vietnam: Moody's downgrade raises spectre of banking bailout
Slovenia debt to rise but no bailout needed: PM
France Piles €20 Billion in Tax Hikes on Businesses and Wealthy
Moody's downgrades South Africa, fears for stability
Spain's banks 'need 59.3bn euros of eurozone loans'
As Spain sinks, many in Catalonia want out
They Won't Tell You Their Names, But They'll Help You Hide Your Money
MidEast summit to tackle youth unemployment
Strikes hammer South Africa's mining industry
14 Signs That The World Economy Is Getting Weaker
Euro Gold Prices Hit Record as "Debt Crisis Escalates" and Spain "Lays Groundwork" for a Bailout

## Airline Death Spiral ##
American Airline parent posts $82 million net loss because of bankruptcy reorganization costs
Greenspan's Lightweight Economy Squeezes Cargo Airlines
Airfreight woes persist in Asia-Pacific
Thai Airways' cargo unit braces for Bt100m loss
Fuel Costs, Economy Outpace Lufthansa Savings
Brazilian airline TAM to slash domestic routes in 2013
Coming Soon? Airline Tickets That Cost Extra After You Purchase Them

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. call for "cool heads" in China-Japan island dispute goes unheeded
Islands were stolen, China says at U.N.
US temporarily reduces more staff from Libya embassy
Al Qaeda convicts break out of jail in Iraq
U.S. drops Iranian MEK dissident group from terrorism list
US blocks Chinese firm's investment in wind farms
The Next Wave in U.S. Robotic War: Drones on Their Own
"The U.S. military's current fleet of drones will soon be overtaken by a new wave of robots that will be faster, stealthier and smarter — operating virtually without human intervention, experts say."
Military Report Shows Afghan Surge Complete Failure
U.S. Troops Deployed in Iraq Again
Half of Israelis fear war with Iran would endanger Jewish State's existence

## Global unrest/mob rule/angry people/torches and pitchforks ##
Protesters, police clash in Bahrain
"Around one hundred anti-government protesters threw stones and petrol bombs as riot police tried to disperse them with tear gas and stun grenades in Bahrain on Friday, witnesses said, after an earlier demonstration attended by thousands passed peacefully."
Power outage provokes micro industries' outrage
Striking Amplats miners in S.Africa defiant
Italian unions strike against Monti, close Colosseum

## Energy/resources ##
U.S. states struggle with water woes amid drought
Blackout in Bhutan continues for third day
Helium shortage deflates balloon race
India pursuing Canadian oil sands
Russia and Venezuela team up on major oil projects

## Infrastructure scavenging ##
Thieves cause $100K in damage to storm system

## Got food? ##
UAE in call for clarity over world food supply
"Sultan Al Mansouri, the UAE Minister of Economy, has called for greater transparency in the global agricultural supply chain as bad weather pushes up food prices around the world."
Drought area widens in U.S., farmers frustrated
Drought-hit hog producers face tough choice: struggle or fold
World fish supply declining, but there's hope for recovery
Peanut butter recall grows to 100 products (US)
Global milk scarcity likely to return
Iceland, Faroes may face EU fish sanctions
"Iceland and the Faroe Islands could face European Union sanctions over "unsustainable" mackerel catches after an EU Fisheries Council agreement this week."
Fish stocks said declining in the Adriatic
A Plan for Food Self-Sufficiency
"Planning a garden in advance can help you enjoy local, homegrown food year-round! Estimate how much to grow or buy and learn how to achieve food security with these guidelines."

## Environment/health ##
Worst flood for decades uproots 10,000 in central Nigeria
Epilepsy 'is a global health problem'
"Epilepsy is twice as common in low and middle-income countries as it is in the developed world, according to an international team of researchers."
Great ape habitat in Africa has dramatically declined
Disease Detectives Catch Deadly African Virus Just As It Emerges
"New viruses are popping up all over these days – Heartland virus in Missouri last month, a new virus in the same family as SARS in Saudi Arabia this month. And now, a never-before-seen hemorrhagic fever virus in central Africa."
SARS-like virus infected five in Denmark - reports
New 'Sars-like' not easily transmitted says WHO

## Intelligence/security/internet ##
Cyber Attacks on U.S. Banks Expose Computer Vulnerability
Deutsche Bank evacuates workers after powder found
India's Gargantuan Biometric Database Raises Big Questions
All Your Private Data Belong To Obama
National power-grid tech blueprints 'stolen by Chinese hackers'

## Systemic breakdown ##
Two-hour power blackout halts Azeri capital
Nearly naked man bites dog, witnesses say (Canada)
Elevators run into maintenance woes (Shanghai)
"NEGLIGENCE of elevator maintenance, a severe shortage of repair workers, poor technical abilities and vicious competition are blamed for the irregularities in the city's elevator maintenance and repair market, a senior official with the city's quality watchdog said yesterday."
East St. Louis mayor calls for extreme crime-fighting measures after violent 36 hours
7 teens arrested in Kenosha late night robbery attacks
"Seven juveniles have been arrested for mob-style street robberies in Kenosha dating back to July."

## Japan ##
Data Suggest Japanese Economy Is Slowing More Than Expected
Japan PMI: Output and New Orders Contract Further
25,606 people moved out of Fukushima in last 6 months, ministry says
City opposes government's plan of dumping radioactive Fukushima waste in forest
Good Harvest Expected For This Year's Rice Crop: Govt
Gov't to abolish employee pension fund system saddled with massive reserve shortfalls
Japan to stockpile 500 tons of polished rice, drawing lesson from 3/11 disasters
Medical costs reach new record

## China ##
China's 'Green Shoots' Wither Fast, Markets Hold Tight
Chinese Slowdown Idles U.S. Coal Mines
Expert appeals for steel capacity reduction in China
Industrial profits decline sees sharp acceleration

## UK ##
Dozens of failing NHS hospitals should be taken over, adviser to Blair warns
Fast broadband more important to house buyers than parking
Fitch Warns UK Likelihood It Loses AAA Rating Has Increased

## US ##
More Proof The U.S. Economy Is Falling Apart: GDP Revision A Grim Surprise
US Postal Service to default on second $5B payment
New York Plaza District Offices Empty as Banks Cut Space
Pricey gasoline hits U.S. consumers, weighs on growth
Big Pharma Has Defrauded $30B from States, Federal Government: Report
Fed's Fisher says U.S. "drowning in unemployment"
Chicago region's business activity slows
"The Chicago Business Barometer indicated business dropped from growth to contraction in September, the Institute for Supply Management said."
California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy
Student-Loan Default Rates Rise as Federal Scrutiny Grows
Fed Buys $20 Billion In QE3 Mortgages; Jobs Created: Zero
Analysis: Nation's Water Costs Rushing Higher
Abandoned America: one photographer's quest to document the beauty in old buildings

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