Saturday, September 08, 2012


News Links, September 9, 2012

## Global Ponzi meltdown/House of Cards ##
China, Russia sound alarm on world economy at APEC summit
The global debt clock
Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings
Spaniards prepare for exit, learn German
What is the Weakest BRIC? A Hint: It's Not Russia

## Fault lines/flashpoints/powder kegs/military/war drums ##
Kabul attack: Bomber kills children near Nato base
S.Leone removes nine Iranian vessels from shipping register
Tension Rises Over China's Disputed Sea Claims
China warns Japan over disputed islands
China wants Japan to meet 'halfway' in dispute
Japan, Russia agree to renew talks on islands

## Global unrest/mob rule/angry people/torches and pitchforks ##
Chinese Security Forces Arrest Five Tibetan Monks In Raid On Monastery
Bomb scare at Alcoa Italy plant ramps up tensions over shutdown
Thousands of Greeks protest against new round of austerity cuts
Residents in North Lebanon protest power shortages, soaring living costs

## Energy/resources ##
Shale Boom Cash Hole Goes Much Deeper Than Chesapeake Energy
"In fact, Chesapeake Energy's well-publicized funding gap isn't an outlier but emblematic of wider issues in the shale oil and gas boom that implies an industry-wide downturn is possible in coming quarters."
Petrobras Seeks Partner for Deep-Water Gulf Operations
Anxiety As Fuel Scarcity Spreads (Nigeria)
U.S. officials fret emergency oil won't ease fuel prices: sources
"Obama administration officials told energy experts this week they worry a release of crude from U.S. emergency reserves would do little to temper global oil prices partly driven by tighter supplies of refined fuel like gasoline."
ODAC Newsletter - 7 September 2012
"US geologist and exploration manager Jeffrey Brown, who blogs as westexas, has shown global net exports fell by 3mb/d between 2005 and 2010, while imports by China and India rose by 2.5 mb/d, reducing the oil exports available to the rest of the world by 5.5 mb/d altogether. If these trends were to continue, he says, 'available net exports' would fall to zero by 2030."
Gas woes to worsen during winter (Pakistan)

## Got food? ##
Organic industry crafts counterattack to threat from study
All these articles miss an important point: Chemical/industrial agriculture is unsustainable. -- RF
The driest season: Global drought causes major worries
Bread may become dearer, yet again (India)
Local farmers face serious labor shortage (US)
"Agri-business leaders in California and throughout the country have been sounding the alarm for years – that unless and until a new comprehensive immigration agreement can be reached by U.S legislators, growers may soon be forced to plow under their groves and fields, not because of pests and drought, but for a lack of skilled laborers."
Much of Washington's apple crop in danger of going unpicked
Water shortage causing ripple effect (US)
Mexico Is Apparently Running Low On Eggs

## Environment/health ##
Landslides, floods kill 29 in Vietnam: media
Taiwan, Canada to develop vaccines against hospital bugs
'Highly toxic' bird flu strain hits Vietnam

## Systemic breakdown ##
Fiber optics malfunction disables all Ga. 400 traffic cameras

## Japan ##
Shrinking, debt-addled town of Yubari is Japan in miniature
"The population has shrunk to less than a tenth of its peak, services are vanishing and white elephant public works projects have left the greying inhabitants with a mountain of debt. Welcome to Yubari, Japan in miniature."
Noda Signs Preliminary Deal With Putin on Vladivostok LNG Plant

## China ##
Hu Says China Growth Is Facing 'Notable Downward Pressure'
China's Gold imports from Hong Kong rise nearly 100% y-o-y in July: C&SD
Chinese bank manager hides in a cave for eight years

## UK ##
Street lights could be turned off

## US ##
Retirees' new pastime: Cutting costs in all sorts of ways
Will Fiscal Cliff Trigger Muni Bond Defaults?
Jobs Data Show U.S. Factories Bearing Brunt of Slowdown
In Stadium Building Spree, U.S. Taxpayers Lose $4 Billion
Student Loans: Debt for Life
President Obama Calls for Cutting Social Security by 3 Percent, Raising Normal Retirement Age in Acceptance Speech
Some Ga. Schools Make Mandarin Mandatory

And finally… Obama: U.S. not 'in decline'

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