Tuesday, October 16, 2012


News Links, October 16, 2012

## Global Ponzi meltdown/House of Cards ##
Italy implodes
Volvo Cars temporarily halts production in Swedish plant for 1 week due to slipping demand
IMF-World Bank annual meetings end without concrete solutions
To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products
Homeless Families in Spain Squatting After Eviction
Will the Lodging Industry Follow the Airline Industry?
21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

## Airline Death Spiral ##
Airline SAS to announce new cost cuts
"Loss-making Scandinavian airline SAS will announce a new package of cost cuts soon as it looks to counter pressure from an economic downturn and long-term overcapacity in the industry, Danish online magazine Takeoff.dk wrote on Friday."
Airlines' battle for big bucks heats up
JAL Sees China Row Impact Lasting 6 Months

## Fault lines/flashpoints/powder kegs/military/war drums ##
White House reportedly preps strike team to take out terrorists tied to Libya attack
U.S.-Israeli Military Exercise Sending Message to Iran
EU plans major new sanctions against Iran
William Hague pushes new Iran sanctions
U.S. exports to Iran rise nearly one-third despite sanctions
Pakistan police in Mattani attacked by militants
Buddhist monks march in Myanmar to thwart Islamic office plan
Lithuanians ditch government in austerity thumbs-down
Gunmen attack Ivory Coast power station, security facilities
Israel unveils Flying Elephant, other UAVs
Ethiopia wants end to Egypt, Sudan meddling over Nile dam
China tops Japan in Asia military spending

## Global unrest/mob rule/angry people/torches and pitchforks ##
Occupy London stage protest inside St Paul's
Muslims protest outside Google offices over anti-Islam YouTube clip
Striking S.Africa gold miners refuse to return to work

## Energy/resources ##
U.S. Plunge in Gas Drilling Means $1 Billion Lost Profit
"The U.S. shale boom is turning into a bust for companies that provide drilling services as the number of rigs seeking natural gas has fallen faster than any time in the last 24 years."
It's just more evidence that a lot of money is being lost on shale gas. -- RF
Oman Announces Plans to Build World's Largest Oil Storage Facility
Factors that Could Threaten the Oil & Gas Industry in the Future
Uranium Woes: No Relief for Prices Amid Low Demand
The Global Water Crisis Will Shake Humanity To Its Core
German tax to finance renewable energy skyrockets
Russia hints Kudankulam N-plant cost may go up
"New Delhi: On the eve of a key bilateral meeting, Russia said the cost of the next phase of the Kudankulam atomic project would escalate if it has to bear additional liabilities arising from a possible nuclear accident."

## Got food? ##
Global Food Supply System Could Collapse, 2013 Could Experience A Major Hunger Crisis
NZ farmer sentiment worsens on softer prices, currency - survey
Indian farms becoming more tractor driven
India's never-ending fuel shortages cast a long shadow over the future of mechanized agriculture. -- RF
Hunger stalks 1 million Tanzanians
Corn Belt Shifts North With Climate as Kansas Crop Dies

## Environment/health ##
September tied for world's warmest September on record
UAE doctors call for urgent action to stop superbug as 100s catch MRSA
Misuse of antibiotics a growing public health threat in China
Bioplastics: Are They the Solution?
U.S. meningitis cases on rise; Tennessee hit hardest
Deadly Meningitis Outbreak Tied to More Drugs, FDA Says
25 primate species reported on brink of extinction
How Stress Affects Your Mental Health
Indonesia's "Frankentrees" turn cocoa dream into nightmare
Robot Submarine Seeks Oil Sheen Source Near Deepwater Horizon Site

## Intelligence/security/internet/cyberwar ##
FBI Exempts Massive Database from Privacy Act Protections
Social media surveillance helps the government read your mind
Shamoon Virus that Attacked Saudi Aramco is the Most Dangerous to Date
China says domestic networks face threats
"China says its domestic Internet security is under threat, blaming cyberattacks originating outside the country."
Israel facing 'increasing number of cyber attacks'
Khalid Sheikh Mohammed hearing finally under way
Will it be televised? And who's the bearded buy with glasses? Is he the same as the chubby dude in the white T-shirt whose photo has been used endlessly by the media? Not to mention all the other photos of people who are supposedly KSM. Will the Real Khalid Sheikh Mohammed Please Stand Up? -- RF
Textbook Publisher Pearson Takes Down 1.5 Million Teacher And Student Blogs With A Single DMCA Notice
Shut up and play nice: How the Western world is limiting free speech

## Systemic breakdown ##
Shortages in skilled labor sector continue despite opportunities
"Many factory managers claim they're already suffering from a skills shortage. Sixty-seven percent of respondents reported a moderate to severe shortage of available qualified workers in a survey last year by Deloitte Consulting for the Manufacturing Institute, an affiliate of the National Association of Manufacturers."

## China ##
Chinese Exporters Fear Grim Outlook
"China's exports rose almost 10 percent year-on-year in September, according to data released at the weekend. But speak to Chinese exporters and they say the economic doldrums in Europe mean many are facing more daunting challenges than they were during the 2008 heights of the global financial crisis."
China's 'shadow banks' near collapse after initial rapid growth
China Inflation Close to Slowest Pace in Two Years at 1.9%
"China's inflation was close to the slowest pace in two years in September and producer prices fell the most since 2009, indicating weakness in the world's second- biggest economy even after an increase in exports."
US Households Are Not "Deleveraging" - They Are Simply Defaulting In Bulk
As feed costs soar, Zacky Farms files for bankruptcy
"Illustrating the price squeeze on producers, one of California's largest turkey farmers, Zacky Farms, filed for bankruptcy protection this week, blaming skyrocketing feed costs."

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