Sunday, November 11, 2012

 

News Links, November 11-12, 2012

## Global Ponzi meltdown/House of Cards ##
Autodom collapse almost wrecked Australian car industry
Ford, GM agree on $6.5 million rescue deal for Australian supplier
EU budget talks collapse
French Central Bank Says France Will Enter Recession 4th Quarter; Berlin Suggests Plan For France
Hungary Municipal Debt Haircut Would Be Default, Orban Tells MTI
Euro-zone economy going nowhere for next 2 years: Posen
Are one in eight Australians really poor?
Gold Price to Soar Following Obama's Re-Election?
To Scrape By, The Poor In Spain Go Dumpster Diving
"One scene has become increasingly common amid Spain's economic crisis: Thousands of people, many of them immigrants, are searching trash dumpsters by night. Some scour the garbage for food, but many others are involved in a black-market trade for recycled materials."
Aston Martin Owner Said to Approach Suitors for Carmaker
You Know Your Government Is in Trouble When...

## Airline Death Spiral ##
Aircraft Engineers Warn Of Safety Lapses
"Aircraft Maintenance Engineers meeting at an annual congress held by Aircraft Engineers International (AEI) this year at Malta, were told 'a staggering amount of evidence' shows safety lapses by airlines and regulators."
Government announces second attempt to sell off Czech Airlines
Chile Latam Airlines Seen Posting a Third-Quarter Loss After LAN-TAM Merger -Analysts
Loss-making Iberia faces a battle to survive
Faint signs of life at Worcester Regional Airport
"The airport is littered with airlines big and small that have pulled out, including Allegiant Air (2006), U.S. Airways Express (2003), American Eagle (2002), Pan American Airways (2002) and ASA/Delta Connection (2002). When Direct Air folded, Worcester's airport was left with no passenger service."

## Fault lines/flashpoints/powder kegs/military/war drums ##
Why Did CIA Director Petraeus Suddenly Resign … And Why Was the U.S. Ambassador to Libya Murdered?
"Obama has simply re-packaged Bush and the Neocons' 'war on terror' as a series of humanitarian wars."
6 lingering questions about the exit of Gen. David Petraeus
Saudis Warn Iran Over Oil Facility Intrusions
"Saudi Arabia has reportedly warned it will retaliate if Iran continues to intrude on the airspace and waters around its offshore oil facilities in the Persian Gulf, and reserves the right to retaliate, as Tehran's firing at a U.S. drone last week raises concerns about an escalation in tensions in the region."
Iran: US Drone Violated Our Airspace
"US Claims Drone Was Just Barely Over International Waters"
Four Kenyan police officers killed by cattle rustlers
Spain Prime Minister to Halt Evictions Following Suicide
4 More Drones! Robot Attacks Are on Deck for Obama's Next Term
USAF Releases UAV Strike Stats
First US military unit to be continuously stationed in Poland activated
West African bloc to commit 3,300 troops in Mali battle plan
Europe to send 400 special forces to Mali
"European armies are expected to send up to 400 special forces troops to Mali to join an African-led mission against Islamists allied to al-Qaeda    occupying the country's desert north, diplomats said."
Pentagon Announces Possible $6.7 Billion Saudi Aircraft Deal
Syria's opposition groups strike unity deal against Assad
11,000 Syrians flee in single day in refugee surge
Israel fires warning shots 'after Syria mortar strike'
Israel kills Gaza rocket crewman in second day of clashes
Israel 'may launch ground invasion into Gaza'
Beyond Bayonets and Battleships: Space Warfare and the Future of U.S. Global Power
US guns sales soar after Barack Obama's re-election
"Gun sales in America are soaring in the wake of President Barack Obama's re-election with weapons retailers reporting AK-47s flying off  shelves 'like hotcakes.'"
Iraq warns Russia's Gazprom over Kurdistan oil deals
In Words and Deeds, Signs of American Military's Growing Focus on Asia

## Global unrest/mob rule/angry people/torches and pitchforks ##
Chinese Media: Tibetan Dies in Self-Immolation
"Chinese state media reports a Tibet man has died after setting himself on fire, raising the total of self-immolation protests to seven in a week."
Polish police clash with protesters on national holiday
Thousands of Kuwaitis protest against voting changes

## Energy/resources ##
'Hwange Power Station has outlived lifespan' (Zimbabwe)
"THE Hwange Power Station has outlived its lifespan which explains the country's perennial power shortages, Economic Planning and Investment Promotion minister Tapiwa Mashakada said on Wednesday."
Coal industry hungry for capital, coal workers hungry for food
"Vietnamese have been warned that the country would seriously lack coal in the next three years, because the coal industry lacks tens of billons of dollars worth of investment capital."
More expensive energy means disappearing capital (because it is energy that generates capital), and a shortage of capital means that less energy can be produced. In this negative feedback loop we can see one facet of the decline of the industrial energy machine. -- RF
Iran may remain most important geopolitical story in Oil markets in 2013: Barclays
Wind-energy jobs falling off as tax credit set to expire (US)
'New concerns over S Korea's nuclear power'
Junk oil: U.S. limits oil-shale development in Rocky Mountains
50 power stations face critical coal shortage: Central Electricity Authority (India)
"More than 50 thermal power stations in the country are facing acute fuel shortage with less than a week's stock available with them, according to the Central Electricity Authority data."
Fuel shortage, interest burden hit infrastructure companies Q2 profits (India)
Abu Dhabi's oil ambitions hit by rigs shortage
First decline in global refined Copper output since 2009: Barclays
Siemens Bows Out of Solar, And Looks to the Wind
Exxon's PNG LNG project cost balloon to $19 billion

## Infrastructure scavenging ##
Bexley electrical sub-stations targeted by metal thieves
Thieves target catalytic converters, sell them as scrap metal
Cable theft delays rail works and services

## Got food? ##
Denmark to abolish tax on high-fat foods
3 Inspiring Examples of Urban Agriculture
Get started now. -- RF
High cost of feed, marketing and husbandry, a bane to poultry in Ghana – Official
Food, feed price increases to affect consumers, farmers alike

## Environment/health ##
More Than 400 Alaska Airlines Flight Attendants Suffer Health Issues From Contaminated Uniforms
Heavy snow and wind hit parts of Canada
Wind turbine noise cause real health problems
33,000 tons of quake debris to reach N. America by June 2013
Poor nations dismayed by looming climate aid gap
Ash dieback: the ruined Polish forest where deadly fungus began
Heavy rains cause floods in Italy
Wild Turkeys Gobble Their Way To A Comeback (US)
China's endangered pandas face bamboo shortage threat

## Intelligence/security/internet/cyberwar ##
Big Brother alert: Microsoft wants to know how many friends you've got in your living room
"The Worm Turns" As Chevron 'Infected' By Stuxnet Collateral Damage
How to disappear from the Internet forever
Google back on line in China
Iran believes U.S. drone was spying on oil tankers: report
Be alert for ID theft as hacking cases pile up

## Systemic breakdown ##
From the 4,000-Year-Old Mother of All Economies, a Dire Warning About the US Fiscal Cliff
New Jersey Residents Suffer Cold and Dark as Many Still Lack Power After Storms
Fuel supply chain still disrupted on East Coast
Health care at risk as NSSF on verge of collapse (Lebanon)
N.J. gas shortage becomes a massive military operation
Issues in Petroleum Products Distribution Chain (Nigeria)

## Japan ##
Senkakus backlash slashes carmakers' earnings outlook
Japan, U.S. to discuss revising defense guidelines
"Japan and the United States have agreed to discuss updating 15-year-old guidelines on their security alliance in view of China's growing military presence in the region, a Japanese official said."
Gang of youths arrested over robbery suspected of beating homeless man to death
TEPCO says it will see no profit without nuke plant restarts
Osaka Mayor Hashimoto claims nuclear arms abolition is impossible
Japan nuclear plant on fault line may be next Fukushima, says geologist

## China ##
China eyes 600bln yuan rail backbone spend in 2013: executive
Beijing marathon bars Japanese runners due to safety concerns
China accepts Japanese runners for Beijing Marathon in about-face
China construction machinery industry to suffer through 2013
Chongqing hub hype ends as cargo volumes fall
Imports from Japan slump further

## UK ##
Warning over secret database featuring 8m children
"A huge database containing the personal details of around eight million schoolchildren is being created without parents' knowledge, it emerged today."
Stomach flu earlier, worse in Britain
Costs push food inflation to 4%

## US ##
Report: NASA Set to Announce Ambitious Moon Base Plan
There are also plans for lots of other things that will never happen. We too should make our plans, but for more mundane things like food, clothing, and shelter. Remember: when the grid goes down for the count, absolutely everything will fall apart. -- RF
Spacefarers fewer, but recruits wait in wings
"With the retirement of the shuttle program, NASA's astronaut corps now numbers 52, about one-third the size it was in 2000."
And indeed, here is more evidence that — just as I said — the space program is being downsized. -- RF
Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release
The rise of college students applying for food stamps
U.S. releases more diesel to ease fuel shortages after Sandy
"The U.S. Energy Department on Friday said it would release an additional 100,000 barrels of diesel from the nation's emergency heating oil reserves to help ease fuel shortages in Connecticut due to Hurricane Sandy."
Groupon, stumbling; to lay off 80 workers
Massive List Of Post-Election Firings And Layoffs
New York officials reportedly consider closed prison for displaced Sandy victims
100,000 N.Y. Homes, Businesses Face Months Without Power
"About 100,000 homes and businesses in New York City and Long Island were so damaged by Hurricane Sandy that restoring power to some of them may take months, New York Governor Andrew Cuomo said."
Occupy movement now part of Sandy relief
Hurricane Sandy and the Disaster-Preparedness Economy
Rats Jumping Ship: High Profile Gangsters Leaving Obama
Business interruption may push Sandy losses past $80 billion
'Fiscal Cliff' Mess Is a 'Grand Canyon': Bill Gross




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