Friday, October 12, 2012


News Links, October 13, 2012

## Global Ponzi meltdown/House of Cards ##
IMF Admits It Prescribed Wrong Medicine; Is IMF Short for I Must Fail?
Japanese Automakers In China Not The Only Losers In Island Dispute
Singapore economy contracts 1.5% but avoids recession
No respite for European steel market - Mr Eder
Dubai's Limitless reaches deal to restructure $1.2bn debt
Global Crisis: Thirty million jobless and unemployed!

## Airline Death Spiral ##
American Airlines stumbles on path to recovery
American Adds Seat Clamps on 767s as 'Precautionary' Move
Kingfisher likely to halt flights through Oct. 20

## Fault lines/flashpoints/powder kegs/military/war drums ##
Punishment for Dealing with Kurds: Baghdad to Replace Exxon with Russians
Beginning of a new 'Great Game' in Afghanistan
No foreign army bases in Egypt: army spokesman
EU insurers strip cover from ships storing Iran oil
Somali pirates free Greek-owned ship, say ransom was $5.7 mlm
Russia No Longer Wants U.S. Aid To Secure Nukes
New laser technology stirs nuclear bomb proliferation fears
Syrian Jihadists Seize Aleppo Air Base, Loot Missiles
Jordan: US Troops Helping Prepare for Syrian Attack
Israel denies 2010 plan to give back Golan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Bahrain police fire teargas, stun grenades to disperse protesters
"Police in Bahrain fired teargas and stun grenades to disperse hundreds of stone-throwing anti-government protesters marching in the old market area of central Manama on Friday, witnesses said."
South Africa Falters as Unrest Spreads
Forty-one hurt as Egypt's liberals and Islamists clash
Walmart Workers Threaten Black Friday Walkout
European Union wins Nobel Peace Prize despite year of anti-austerity protests
Farage Slams Nobel Peace Prize Farce As "Insurgency And Violence" Reign

## Energy/resources ##
Iraqi Oil Problems are Global Oil Problems
"The Iraqi government said Wednesday it was pulling back from its plans to increase oil production dramatically within the next five years. Baghdad, beginning in 2008, has brought in international investors despite lingering violence and protracted political concerns.  A report from the International Energy Agency had said the Iraqi oil sector "holds the key" to the country's future. The obstacles to major developments in the energy sector, however, are 'formidable.'"
German Renewable Surcharge to Rise 47%, Wind-Power Body Says
Germany eyes cap for support for wind power, biomass
"Germany's environment minister outlined plans on Thursday to limit support for wind energy and biomass generation following a similar cap imposed on the photovoltaic sector, as part of a proposed reform of renewable energy policy."
This is part of a widening trend: There is less and less money for renewables. Building renewable energy infrastructure should have been done decades ago, when oil was cheap. Now we are at the point where society can't afford it, and we're staring at the edge of the cliff. See The Energy Trap. -- RF
Energy Bereft Japan goes Fracking
Fracking is not an energy bonanza, it's a sign of energy desperation. -- RF
Energy poverty is a dark killer
Britain's energy market is still a mess, and a crunch is approaching
Gas shortfall to go from bad to worse within three years: Senate body told (India)
Bakken oil refinery in the works
Are India's Farmers Victims of a Global Land Rush?

## Infrastructure scavenging ##
North Lincolnshire homes' power restored after cable theft

## Got food? ##
The year the grains failed: Why poorer countries are scheduling 'food-free days'
Drought persists, hits wheat growers hard - report
"Drought conditions in the United States grew even worse over the last week as historic drought conditions crept north and threatened new winter wheat planting in several states."
Both countries are severely overpopulated and highly dependent on food imports. -- RF
No, the Gulf Oil "Sheen" Is Not Oil Coming from the BP Wreckage

## Intelligence/security/internet/cyberwar ##
US prepares first-strike cyber-forces

## Systemic breakdown ##

## UK ##

## US ##
Fourth-Quarter Earnings Warnings Start Rolling In
"Third-quarter U.S. earnings have just begun, but already U.S. companies are sounding alarm bells about the fourth quarter."
Mortgage boom leads to profit surge for JPMorgan, Wells
"Two of the nation's biggest banks, Wells Fargo & Co and J.P. Morgan Chase & Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere left investors worried about how long those profits can last."

And finally‚Ķ Octopus attacks aquabiking woman

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