Sunday, November 04, 2012


News Links, November 5, 2012

## Global Ponzi meltdown/House of Cards ##
Canada Bleeding Private Jobs; Vancouver Home Sales Plunge 16.7 Percent; Crash Awaits
Spanish Banks May Face €17 Billion Margin Call As ECB Found To Lie About Collateral Haircuts
Spain's empty highways lead to bankruptcy
"At the Leganes toll booth outside Madrid, the workers scan the horizon for cars. In Spain's recession, the stream of paying drivers has slowed to a trickle and the toll road is all but bankrupt."
Germany's Merck halts supply of cancer drug to Greek hospitals
Dubai villa prices up 19.9% in year, says Knight Frank
Is a Central Bank Gold Run at Hand?
"Do not leave your gold in the care of somebody else. Take physical possession of your gold."
The Emperor Has No Gold: Are Central Banks Overstating their Gold Holdings?
Rising Gold prices lead to more Jewellery shop closures in Saudi Arabia
"Large number of jewellery shop closures have been reported in Saudi Arabia this year bringing the total number of closures in past five years to 1500 due to drop in demand following hike in gold prices."

## Airline Death Spiral ##
British Airways counts costs of Sandy storm
India's Jet Airways losses narrow
Airlines sell tickets cautiously, passengers buy hesitantly (Vietnam)
"The significant fall in the number of passengers has forced domestic airlines to be very cautious when drawing up their business plans."
NYC's Airports Are Back, but Airlines Still Face Huge Challenges
Hurricane Sandy could cost millions in lost business trips
The Dreamliner Makes Its First US Airline Flight

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S Air Force struggles with aging fleet
Rival Libya militias clash near Tripoli security building
Israel announces plans to boost Iron Dome missile interceptor
Story of the Olympics: Bulldozers clear the way in Russia's Olympics showcase
Japan PM Noda seeks closer ties with India amid isles row with China
Are traditional sail boats the future of trade?
Europe's separatists gaining ground, adding to continent's strains
Israeli Ministry of Tourism map annexes over 60% of the West Bank

## Global unrest/mob rule/angry people/torches and pitchforks ##
Occupy protesters clash with police in NE Portland
Report: Another Tibetan burns himself in protest
Kuwaiti security forces teargas opposition-led protest
Thousands of Russian nationalists rally against Putin

## Energy/resources ##
Functional and Economical, Cargo Bikes On the Rise

## Got food? ##
Use Low Tunnels to Grow Veggies in Winter: Quick Hoops

## Environment/health ##
Rising tide of natural disasters
Sandy battered refuges, hampering migrating birds
Top 20 Cities with Billions at Risk from Climate Change
Sandstorms engulf cities in China (video)

## Intelligence/security/internet/cyberwar ##
Auditor warns Canada lagging on cyber security
Fake airline-boarding passes get through security, experts say
Crafty Internet criminals have Japan banks at wits' end
"Facing a recent rash of Internet banking fraud cases, Japan's financial institutions are struggling to protect their customers' accounts from being pillaged by tech-savvy criminals."

## Systemic breakdown ##
Living in a city of darkness
FEMA Taps Private Vendors to Meet Sandy Victim's Needs
"In contrast to its stated policy, FEMA failed to have any meaningful supplies of bottled water -- or any other supplies, for that matter -- stored in nearby facilities as it had proclaimed it would on its website. This was the case despite several days advance warning of the impending storm."
Uneasy quiet: Sandy brought New York an eerie silence

## Japan ##
Sharp Seen Seeking Government Bailout After Record Loss Forecast
Japan's electronics sector in race against time
Monetary base rises 10.8% in October
"The average balance of the nation's monetary base for October expanded 10.8 percent from a year before to about 128.13 trillion yen, the biggest gain in eight months, the Bank of Japan said Friday."
Oct. sales drop at major department stores
Local govts need to reduce salaries / Finance Ministry panel sees shortfall covered by central govt as fiscal burden
Municipalities likely to face fund crunch
"Municipal governments nationwide will likely face a shortage of funds at the end of this year due to the central government's failure to pay tax grants to local governments as scheduled."
24 cash-strapped prefs borrowed 547 bil. yen
"Cash-strapped prefectural governments have borrowed a total of about 547.1 billion yen from financial institutions since September due to a delay in the allocation of scheduled tax grants to local governments, a Yomiuri Shimbun survey has found."
Combined half-year net profit of listed firms down 30%

## China ##
China: "Addicted to Credit"
Cold spell brings blizzard, freezing rain to north China
Steel trader fraud hurting Chinese banks - Report
China Diabetes Triples Creating $3.2 Billion Drug Market

## UK ##
London boroughs plan housing for homeless families outside the capital

## US ##
Insurance Companies Rethink Business After Sandy
Piles of debris are a common sight on the Jersey Shore
Economic Shock From Fiscal Cliff Will Last Over a Decade: U.S. Manufacturers
Corporations just beginning to tally Sandy's costs
Broke Cities (a website that tracks municipal bankruptcies in California)
In New York, Up to 40,000 Might Need Housing
"New York Gov. Andrew Cuomo and Mayor Michael Bloomberg said Sunday that the city faces a housing crisis similar in scale to New Orleans after Hurricane Katrina in 2005."
Urgency added to superstorm recovery as temps drop
Stock certificates feared damaged by Sandy
"Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy."
Sandy's Blackouts Fall to 1.9 Million, Half in New Jersey
Martha Stewart Runs Out of Time

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