Saturday, October 27, 2012


News Links, October 28, 2012

## Global Ponzi meltdown/House of Cards ##
MAN SE to halt truck production for 4 weeks: sources
"MAN SE plans to halt production of heavy-duty vehicles for four weeks at two German factories as the economic downturn curbs demand from freight transporters and construction firms, company sources said."
New Definition of "Sustainable" is Six Months; New Word Needed to Replace "Haircut"
Six Canadian banks on review for Moody's downgrade
Report: UBS to slash investment banking

## Airline Death Spiral ##
Airport lost €6m since subsidies stopped
Plane Truth: Millions Spent on Rarely-Used Airport
Third Airline Adds Carry-On Bag Fee
Buyouts reduce number of furloughs needed at American Airlines
"So many mechanics are taking buyouts at American Airlines Inc. that the company expects only a small fraction of the layoffs that were originally planned."

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. officials briefly detain Pakistani politician Imran Khan in Toronto
"Pakistani politician Imran Khan, a former cricket star and critic of U.S. drone strikes, was briefly delayed and questioned by U.S. immigration officials in Toronto before being allowed to board a flight to New York."
Interview with Imran Khan (video)
Al Qaeda's Zawahri calls for kidnap of Westerners
Israel's Likud Party and Yisrael Beitenu to join forces
"Israeli PM Benjamin Netanyahu's party will run alongside that of his ultra-nationalist Foreign Minister, Avigdor Lieberman, in January's election."
Report: Israel sells drones to Azerbaijan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tens of thousands protest against austerity in Rome
"Tens of thousands of people marched through Rome in a 'No Monti Day' on Saturday, some throwing eggs and spraying graffiti to protest against austerity measures introduced by Italian Prime Minister Mario Monti's government."
Police disperse east China chemical plant protesters
Compal employees go on strike in Chengdu
64 reported dead in Myanmar violence
Two dead as police clash with protesters in Peru's capital
South African Worker Protest Turns Violent in Mining Town
Industry protests power outages with daylong strike

## Energy/resources ##
BP drops plans for U.S. cellulosic ethanol plant
"Once seen as a promising alternative to the use of corn and other crops to make fuel, cellulosic biofuel has become a political football as companies struggle to produce commercial quantities, despite a government mandate."
Germany shifts to coal to tackle its installed capacity shortfall

## Got food? ##
India's food inflation to hit Aam Aadmi [Joe Sixpack] during festive season, says Assocham study

## Environment/health ##
Triclosan is harmful to the ecology of rivers
Six new cases reported in meningitis outbreak
Fight to save a third of Britain's trees from killer fungus

## Intelligence/security/internet/cyberwar ##
South Carolina hit with huge data breach
"South Carolina says a massive security breach exposed millions of Social Security numbers as well thousands of valid credit card numbers of state residents."
Indonesia Holds 10 Over Alleged Terror Plot Against U.S. Embassy

## Systemic breakdown ##
Nigeria: Fuel Scarcity, High Cost of Foods, Insecurity, Mar Sallah Celebrations

## Japan ##
Meanwhile In Japan…
"The only source of 'capital' left - BOJ monetization. The only problem, of course, is that Japan already has well over 200% of national debt to GDP. And that's the smaller problem. The bigger problem: even the smallest increase in prevailing interest rates, and the entire Japanese house of cards topples."
Tepco will oblige all the employees to go to Fukushima, 100,000ppl/y in total.
TEPCO tries to find somewhere to store contaminated water
Defense chief to visit India to boost ties amid China rise

## China ##
If China willing, Gold to break all time high: Saxo Bank
Coasts, mudflats are vanishing, research shows
H.K. Imposes Property Tax on Non-Locals on Bubble Risks

## UK ##
Street lights turned off in their thousands to meet carbon emission targets
"Local authorities say the moves helps reduce energy bills, at a time when energy prices are continuing to rise. Several of the big energy companies have unveiled price hikes in recent weeks, including British Gas, npower and EDF Energy - which this week said it was increasing its standard variable prices for gas and electricity customers by 10%."
Half of workers can not afford to retire, pensions industry says
More than 400 trains cancelled due to driver shortages

## US ##
The Trouble With 2 Percent GDP Growth
"A good chunk of that 2 percent growth came from a bizarre surge in defense spending that masks some pretty crappy fundamentals, particularly on the business side of things."
The Luxury Repo Men
Seattle police plan to deploy spy drones
More than a Dozen Nuclear Plants Near Hurricane Sandy's Path Brace for Impact
Sandy: Over 250,000 Homes At Risk
Earnings & Guidance Disappoint Wall Street, But Are Consumers Toast Too?

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