Thursday, November 01, 2012


News Links, November 1, 2012

## Global Ponzi meltdown/House of Cards ##
Eurozone unemployment jumps to fresh high
Taiwan cuts 2012 economic growth forecast to 1.05%
Italy cuts number of provinces in cost-saving drive
Greece recession and debt problems even worse
Reversal of fortunes sends Spaniards to Latin America
Flying back 1536 tons of Gold: Will Bundesbank do it?
Inflation Accelerates on Higher Food Costs (Indonesia)
It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Germany's gold reserve inspection could spark other central bank gold audits

## Airline Death Spiral ##
Airline SAS to slash costs to secure future
"Loss-making Scandinavian airline SAS said it will slash costs and sell assets to secure its future following media reports it was in financial difficulties."
Sandy Wreaks Havoc For Airlines, Airports
Airlines resume flights after hurricane
Chinese Airlines Post Profit Decline
Sandy to Cost Airline Industry $300M?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Yemen LNG gas pipeline blown up again
Myanmar opium output rises despite eradication effort
Iran warships leave Sudan after four-day stay
Chinese intruders tell coast guard to get out
Two new Israeli settler outposts erected in West Bank
"Israeli settlers have set up two new unauthorized outposts in the occupied West Bank, the anti-settlement Peace Now group said on Wednesday."
'Apartheid state' claim sets off firestorm in Israel

## Global unrest/mob rule/angry people/torches and pitchforks ##
South Sudan police fire on student protest: witnesses
Sudan police fire teargas to disperse farm region protest
Lonmin job cuts could bring more unrest in South African mines

## Energy/resources ##
Reality Check: Renewable Energy: The Vision And A Dose Of Reality
Norway oil drilling must increase steeply-Petoro
"Norway needs to double or even triple oil and gas production well drilling to improve recovery rates, holding firm Petoro, which manages the state's interest in petroleum production, said on Tuesday."
Power supply in southern states hits all-time low (India)
"Four southern states plunged into deep crisis with power shortage in the region touching all time low of 5,558 MW on Tuesday."
Sandy spawns gas shortage
Sandy's Power Blackouts Could Last Beyond U.S. Election

## Infrastructure scavenging ##
EDL: Cable theft will widen power rationing (Lebanon)

## Got food? ##
U.N. urges foreign fishing fleets to halt "ocean grabbing"
But the industrial system, consumer culture, and growth economy demand continual expansion and drive us to strip-mine the Earth and increase profits. -- RF
Sandy could affect poultry farmers, prices
Bananas could replace potatoes in warming world
First Vertical Farm Opens in Singapore
Unfortunately for Singapore, this is not the future of farming. -- RF
Drought devastating to beef industry
Bolivian farmers urge rethink on Mother Earth law
"Soy farmers in Bolivia are urging leftist President Evo Morales to reconsider a ban on genetically modified seeds contained in a package of environmental regulation called the Mother Earth law."
Battered Haiti facing food shortages after Sandy destroyed crops

## Environment/health ##
Gulf Stream might be releasing seafloor methane
There Are THREE – Not One – Wellheads at BP's Macondo Gulf Oil Spill Site
Awaiting a Superstorm Fate Far Worse Than Sandy:  Asian Megacities
Single junk-food meal can damage arteries
"A single junk-food meal -- rich in saturated fat -- is detrimental to the health of the arteries, researchers in Canada said."
Report: Big banks back big pollution

## Intelligence/security/internet/cyberwar ##
FCC: 25% of cell towers, broadband down in 10 states
US May Form Emergency Geek Squad to Help in Cyber Crisis

## Japan ##
Industrial output drop is biggest since 3/11
In U-turn, Panasonic faces ¥765 billion loss
Shiseido Net Drops 44%
8 Of 10 Japanese Utilities Incur Net Loss In April-Sept
Softbank's first-half net profit down 22%
Waves of anger: Japan tsunami victim aid spent on whalers, officials and fighter pilots
How's that for a cynical admission that "reconstruction" is just a charade? -- RF
Jobless rate shows no improvement

## China ##
Chinese firms see rise in unpaid bills
"Chinese corporations are reporting an increase in unpaid bills, a sign of an economy experiencing a downturn, a study of business reports found."
Chinese think tank calls on government to start phasing out one-child policy now
Will China fall flat on its face just like Japan?
Flood of money leaving China
"Investors pull out more than $600B US in 2011"
China prioritizes use of natural gas by vehicles, ships
LDK Now Officially a Chinese State-Owned Solar Enterprise
'Rare earth hibernation' takes toll on Chinese producers

## UK ##
Supply chain hit as two steel product firms collapse
Average income stagnant for twelve years – and it won't improve for at least eight more
Wind farms could be curbed by government
"The government looks set to stop new wind farms after Energy Minister John Hayes was quoted by two newspapers stating that the UK had enough of them."
Hitachi to build U.K. nuclear power plants

## US ##
Sandy leaves NYC subway system, infrastructure licking its wounds
Army Corps Sends 'National Unwatering SWAT Team' To Help With NYC Subway
NYC Rats: Stronger Than Sandy
Fuel Pool Crisis Narrowly Averted at Oyster Creek Nuclear Plant
Truck driver jobs hard to fill even in bad economy
The Journal of Commerce Launches Hurricane Sandy Alerts for Supply Chain Impact
18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy
Hurricanes Do Not Have A 'Silver Lining'
ADP Grossly Overstates Job Growth for Last 12 Months by 419,000 Jobs
How To Eliminate $4.5 Trillion of Debt
"When you peel back the onion that is the Intergovernmental Account, you find that there are no real assets, just paper and accounting gimmicks."
The Big Deal About U.S. Energy Self-Sufficiency
Gas Shortages, Long Lines Adding to Storm's Misery
October Chicago PMI Remains in Contraction

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