Monday, September 03, 2012


News Links, September 4, 2012

## Global Ponzi meltdown/House of Cards ##
Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction
Asia's Manufacturing Slump Deepens
Euro-Area Manufacturing Output Contracts More Than Estimated
Euro Zone Factories Faltering as Core Crumbles
M.Stanley cuts India growth forecast to 5.1 pct in FY13
Darker days ahead seen for world's iron ore industry
Trucks Full Of Cash: U.S. Firms Make Plans For Greece Euro Exit
Asia Export Machine Cracks Wide Open: South Korea Production Falls at Fastest Rate in Eight Months; Taiwan Exports Deteriorate Sharply; Global Recession Call Revisited
Moody's Downgrades European Union To Outlook Negative
Spain's Andalusia region seeks help from Madrid
Italy August new-car sales down 20%
French new-car registrations slump again in August

## Airline Death Spiral ##
Biggest Airline Debt Spurs Gol Asset Sale Talk: Corporate Brazil
"Gol Linhas Aereas Inteligentes SA (GOLL4)'s $1.6 billion debt load, the most of any major airline worldwide relative to profit, is fueling speculation it will sell assets to raise cash or merge with another carrier."
Higher fuel costs and fewer travellers worry airline firms

## Fault lines/flashpoints/powder kegs/military/war drums ##
Car bomb hits U.S. vehicle in Pakistan, kills 2
'Iran must steer clear of US interests in Gulf'
"Washington reportedly sends Tehran indirect message saying it will not back Israeli strike on nuclear facilities as long as Iran refrains from attacking American facilities in Persian Gulf"
Israeli officials play down report of Iran-U.S. deal
"Israeli officials played down a report in an Israeli newspaper on Monday that accused Washington of secretly negotiating with Tehran to keep the United States out of a future Israel-Iran war."
Obama Denies Deal With Iran: Won't Back Israeli Strike if Iran Steers Clear of US Assets in Persian Gulf
Egypt: Our Submarines Are None of Israel's Business
Iran could strike U.S. bases if Israel attacks: Hezbollah
Dokdo defense drill to be held without landing operations: source

## Global unrest/mob rule/angry people/torches and pitchforks ##
Hundreds protest ahead of Dem convention
Residents protest power, water outage in South Lebanon
One dead as locals clash with cops in Delhi, police booth, vehicles torched
100 killed in Madagascar cattle rustling unrest
Gaza teenager burns himself to death in poverty protest
S.Africa police fire tear gas as mine unrest spreads

## Energy/resources ##
India's Esser Oil Increases Iranian Imports
South Sudan a Year Away from Full Oil Production
The Greatest Energy Deposit in the World - Arctic Methane Hydrates
Here is another example of confusing quantity and quality. There are lots of methane hydrates around the world, so the amount is huge. But recovering the methane and delivering it to markets economically is another matter altogether. It's a low-quality resource. Some Japanese energy critics are saying flatly that methane hydrates on the sea floor are not a resource at all. -- RF
Oil Production Within China
"If one looks at a map of China, it seems at first to be a land heavily endowed with gas and oil fields. However, with the continued rise in demand for liquid fuel, exploration and development are being aggressively pursued inside the nation, as well as offshore and abroad. Current levels of production, and those planned, still leave an  increasing volume that must be imported each year to meet the national demand."
Co-ops: Blackouts ahead (Philippines)
Government cuts solar power tariff (Australia)
NASA Helps Hatch Robots for Drilling Oil Without Humans: Energy
South Africa Introduces Mandatory Ethanol Blending
Why the oil industry doesn't want you to remember the last 14 years

## Got food? ##
Drought has Mississippi River barge traffic all choked up
"Record low water has mountains of soybeans and corn sitting idle, which could drive up food prices."
The era of cheap food may be over

## Environment/health ##
Quebec Legionnaires' disease toll hits 11
Portugal asks for EU help on forest fires
Gaza's Contaminated Water Worsens Health for Palestinians

## Japan ##
Cesium from baby food made in Tokyo and Aichi
Japan Capital Spending Rises Less-Than-Forecast 6.6% on Year
Population of Tokyo to drop to half by 2100

## China ##
China New Export Orders Drop Most Since March 2009, Operating Conditions Down 10th Consecutive Month; China's Export Machine Grind to a Halt
China denies kids used in genetically modified rice test
It's Official - China Embraces Oil Shale and Fracking
Copper demand in China seen growing at slowest pace in 15 years
China's inventories pile up as demand flat-lines

## UK ##
'Unprecedented threat' for UK trees from pests
Power failure cripples peak-time train services

## US ##
Neb., SD wildfires grow with help of strong wind
The other foreclosure crisis: Losing a home over $400 in back taxes
US Companies Brace for an Exit from the Euro by Greece
Rural mass transit faces funding shortage
"The revenue we're bringing in isn't even covering fuel."
Federal Reserve has already started QE3, says investor Jim Rogers
"Veteran US investor Jim Rogers believes the Federal Reserve has already launched a third round of quantitative easing, despite chairman Ben Bernanke failing to mention stimulus measures in his Jackson Hole speech last week."

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