Monday, October 01, 2012


News Links, October 1, 2012

## Global Ponzi meltdown/House of Cards ##
Singapore Has Golden Ambitions
"Starting Monday, the Southeast Asian city-state is scrapping a 7% tax on gold and silver in an effort to turn the city into a precious-metals trading hub to rival London and Zurich, where value-added taxes don't apply to the investment-grade gold trade."
Greek Bad Loans Climb To Record 25% Of Total
After Barclays, more banks may open bullion vaults in London
Brazil growth slowing sharply, inflation picking up
More Unintended Consequences of Fed Intervention: Killing Germany's Exports and a US Debt Bubble Implosion
Palestinian authority aims to securitize $200 million of debt

## Fault lines/flashpoints/powder kegs/military/war drums ##
Philippines Sends More Troops To Guard Disputed Islands
"The Philippines has deployed 800 more Marines and opened a new headquarters to guard its interests in the disputed Spratly Islands, which China also claims, a senior military official said Sept. 30."
Some "Curious" US And French Military Deployments
Iraq hit by deadly car bomb explosions
Azerbaijan eyes aiding Israel against Iran
At Some Point the Hat Runs out of Rabbits; First Catalonia, Now Basque Separatists Call for Independent Country; El Pais Survey Shows 43% Catalans For Independence, 41% Opposed

## Global unrest/mob rule/angry people/torches and pitchforks ##
Spain reels at violent tactics by riot police
Muslim protesters torch Buddhist temples, homes in Bangladesh
Thousands of Indonesians protest anti-Islam film
Euro Leaders Face October of Unrest After ECB's September Rally
Japanese Police Clear Demonstrators at Osprey Base

## Energy/resources ##
Global oil consumption to reach 99 million barrels per day in 2035
Highly unlikely. -- RF
China delivers first of new VLCCs to Iran
Shell Shuts Key Nigeria Oil Pipeline Due to Fire
Hydraulic fracturing demand boosts silica sand mining
Energy transition: We need to do it fast and we're way behind

## Got food? ##
Nearly half of Yemenis go hungry post-revolt, says WFP

## Environment/health ##
Climate change 'may shrink fish'

## Intelligence/security/internet ##
New search and surveillance laws in force (NZ)
Drivers Accept Monitoring Devices, To Earn Discounts on Auto Insurance

## Japan ##
Domestic distributors dramatically cutting back oil refining capacities
"Major Japanese oil distributors are reducing their petroleum refining capacities due to a drop in domestic demand and at the urging of the government, which fears cutthroat competition could lead to a collapse of the entire industry."
Japanese firms look at other countries as alternatives to China
Freshness rules to be relaxed for some foods
"Conventionally strict freshness standards in the food distribution industry, believed to cause large quantities of processed food to be disposed of before their best-before dates, will be eased."
Nippon Steel & Sumitomo to Push Cost Savings Amid Competition
"Closing blast furnaces will also be considered in the longer term."

## China ##
Exposing China's Shadow Banking System
In China, foreign hypermarkets' hype well past its shelf life
China's Wealthiest Discreetly Stay Away at Party Congress

## UK ##
Rise in 'slavery' trafficking of homeless by gangs

## US ##
Calif Dairies Going Broke Due to Feed, Milk Prices
Welcome back California home flippers!
"House flippers never really left but the magnitude hit a temporary lull during the housing crisis.  Apparently all is well in SoCal once again and bubble 2.0 is back in full fashion."
Children becoming new face of New York's homeless
10 companies predicted to disappear in 2013 include NFL Raiders, American Airlines
70 Federal Agencies Owe $14 Million in Unpaid Taxes, but Names of Agencies Censored
Food Stamp Nation
Report says 3 of 4 US adults unqualified for military

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