Sunday, February 17, 2013


News Links, February 16-18, 2013

## Global Ponzi meltdown/House of Cards ##
Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910
Spain proposes deep cuts to local government
World Plunges Into Recession
Moody's: India Current-Account Gap Can Hurt Credit Profile
India economic slowdown is 'lot grimmer than expected'
Commerzbank CEO to Forgo Bonus
The financial crash will not bring about 'globalisation on steroids'
UN: Manufacturing grew 2.2 percent in 2012
"A report by the U.N. Industrial Development Organization in Vienna said that world manufacturing grew by 2.2 percent in 2012, a sharp drop from the 3.1 percent that was expected as of mid-year."
Singer Upends Bonds as Default Endgame Nears in Argentina
Eurozone recession deepens as German engine splutters
Deflation Arrives In The Eurozone
Race to Debase
"The 'race to debase' is on and the majority of nations are now involved in competitive currency devaluations. For instance, in addition to America, Euro zone and Switzerland, even Japan has now affirmed that it wants to weaken its currency. Furthermore, almost every country in the developing world is also expanding its monetary stock. Consequently, the world is being flooded with currency units and unless the monetary system changes, it is likely that this policy will continue."
G-20 moves to allay fears of 'currency war'
Dubai developer Nakheel in talks to extend Dh8bn loan
Dollar Sibor may be discontinued
Norway Ready to Use Rate Cuts to Cool Krone, Olsen Says
TPG-Backed Saxo Bank Says Euro Doomed as Currency Woes Resurface
Did the G-20 Just Signal Further Global Easing?
GCC construction sector to face skills shortage

## Airline Death Spiral ##
Iberia to ground 1,200 flights
Grounded far north Qld airline fears closure
243 lose their jobs at Air Malawi
New report questions FAA's airline safety promise
Rising Jet Fuel Costs Leave Airlines Looking For Answers
Major Losses for Croatia Airlines
Lot on: losses and layoffs add to privatisation plan for Polish airline
Southern Air reports $14.2 million December net loss
Blimps might be the best way to access remote communities: MP report
Domestic flights cancelled over aviation fuel shortage (Ghana)
JAL maintains international fare fuel surcharge for tickets issued between April and May 2013

## Fault lines/flashpoints/powder kegs/military/war drums ##
Big powers to offer easing gold sanctions at Iran nuclear talks
"Major powers plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for Iranian steps to shut down the nation's newly expanded Fordow uranium enrichment plant, Western officials said on Friday."
Pakistani killed in fresh clash with India in Kashmir
Palestinians clash with Israeli troops near West Bank prison
France's Mali job "not nearly finished": Tuareg officer
Iraq's oil rift deepens over Exxon move
"Exxon Mobil is pushing ahead with its drive to develop oil fields in Iraq's Kurdish enclave despite fierce opposition from Iraq's central government in Baghdad."
Welcome To The New Cold War: Asia is the new battleground
Russian nuclear bombers intercepted near Guam
"U.S. military officials tell NBC News that two Russian bombers, capable of carrying nuclear cruise missiles, circled the U.S. island of Guam in the Western Pacific this week. U.S. Air Force F-15 jets scrambled from Andersen Air Force Base on Guam to intercept the bombers."
North Korea tells China of preparations for fresh nuclear test - source
Rare shooting shakes up Mexico City tourist area
Foreign criminal activity dramatically increases in Greece
Bomb rips through Shiite enclave in Pakistan, kills at least 78
Deadly car bomb blasts hit Shia areas in Baghdad
Turkey-Iran gold trade wiped out by new U.S. sanctions
NATO forces to comply with Karzai decree
"Afghan President Hamid Karzai's request that Afghan forces stop requesting international airstrikes in residential areas will be honored, U.S. officials said."
Iran will never shut down Fordow enrichment plant: MP
Rise of Islamists frays strategic UAE-Egyptian relations

## Global unrest/mob rule/angry people/torches and pitchforks ##
Northwest Pakistan violence takes big toll
Singapore protest against foreign workers (video)
Protest, voter anger put political risk in Singapore's future
Here we can catch a glimpse of the forces that will pull Singapore apart. -- RF
Second day of protests rocks Bahrain
Clashes erupt between protesters, police (Colombia)
Fat-Cat Pay Makes Swiss So Mad Wages Face National Vote
Tens of thousands rally in Tunis to support Islamists
Thousands in Portugal protest austerity cuts
Fuel poverty protest to take place in London
Why the Sierra Club Broke Tradition to Protest the Keystone Pipeline
Spaniards protest against evictions
Thousands of Spanish medical workers protest budget cuts
Winds of protest still blow around Wisconsin Capitol
Tens of thousands join electricity protests across Bulgaria
Tens of thousands demand action on climate change
Egypt protesters block access to port, demand justice

## Energy/resources ##
Why, Despite the Boom in Oil Production, are Gasoline Prices Still High?
"We are now drilling 25,000 wells per year just to bring production back to the levels of the year 2000, when we were drilling only 5,000 wells per year."
The arrival of peak oil is as plain as the nose on your face. And yet many "experts" nevertheless keep insisting that peak oil is a lot of Chicken Little worrying about nothing. Smart people will make energy-crash preparations now. -- RF
World Oil Hits Supply Constraints; North Sea Production Nears Historic Low
"The full set of supply figures for North Sea oil (Brent basis) for 2012 was released by the Norwegian Petroleum Directorate and these show the country's production averaging 1.91 million barrels daily of oil and oil equivalents over the year. That figure stands at historic lows and 13% below the country's own production expectations for the year."
Fracking bust: Natural gas consumers just got a big subsidy from investors, but it can't continue
"Investors have essentially subsidized natural gas through huge loss-making investments, creating an oversupply that has sent prices significantly below the average cost of new production…
"Since the last week of August 2008 when the count of active U.S. natural gas drilling rigs peaked at 1606, the number of active rigs has plunged to just 425 for the week ending February 8."
Exxon Mobil and Rosneft Sign Another Arctic Exploration Agreement
No Oil without Water: Water-Tech for the Future
Mali, Niger Unrest Highlights Need for Uranium Asset Diversification
Rush to avert power woes in April
"Thailand's energy authorities are scrambling for ideas to prevent a possible power shortage in April - the hottest month every year - as Myanmar is shutting down two gas fields that have supplied one-fourth of the Kingdom's natural gas demand."
Three reasons the solar PV party is over (Australia)
Russia may develop heavily sanctioned Iranian oil
India to insure refiners importing Iranian crude oil
"An Indian government source says New Delhi will provide insurance coverage for Indian refineries that import crude oil from Iran in defiance of US-led sanctions against the Iranian energy sector."
Saudi Oil Output Falls to 19-Month Low as Exports Decline
Power ship arrives in Lebanon
"The first of two electricity barges aimed at boosting Lebanon's ailing power production entered Lebanese territorial waters Saturday."
Maharashtra: Parli power plant shuts down after severe water crisis (India)
"All six units of the Parli thermal power plant in Beed district of Maharashtra have been shut down because of severe water shortage in the Marathwada region."
India faced peak power deficit of over 8,200 MW in Jan: CEA
"India grappled with peak power shortage of over 8,200 MW in January mainly due to scarcity of fuel, says a report by Central Electricity Authority."
Highest & Cheapest Gas Prices by Country

## Got food? ##
Insurgency threatens food crisis in Central African Republic: WFP
Wheat Rises Most in Two Weeks on Animal-Feed Demand
Fewer bees in US a threat to world's almond supply
Rising beef prices worry producers
High food prices add to Saudi inflation

## Lifestyle Solutions ##
Social Media Are Junk Food For Our Brains. Why Are The Nutritionists Silent?
How to Stay Warm with Less Heat
Here's something everyone has to think about because we're all going to be living with less heat, and not a few people will have no space heating at all. Now's the time to plan and prepare, not after the grid goes down. -- RF

## Environment/health ##
Third family member has 'Sars-like virus'
'Totally drug-resistant' tuberculosis found in South Africa
India looking for new way to treat TB
"Experts say the treatment drug-resistant tuberculosis in India in not effective and may cause the disease to mutate into more deadly strains."
Extinction threat seen for reptile species
Sixth Death From Bird Flu Confirmed (Cambodia)
Mexico: Bird flu outbreak hits 582,000 chickens
Roof collapses at Chernobyl nuclear power plant
Even dogs subject to deadly illnesses as canine influenza spreads

## Intelligence/propaganda/security/internet/cyberwar ##
Facebook says it was hacked
Facebook Said to Work With FBI on Malware Attack Probe
This Week in Energy - Billionaires Secretly Funding Climate Denial Think Tanks
Intel's new TV box to point creepy spy camera at YOUR FACE
Five tools to protect your privacy online
The race to create 'insect cyborgs'

## Systemic breakdown ##
Taxpayers Steaming Over Florida Nuclear Plant's Shuttering
What happens when huge industrial systems shut down. -- RF
No debt repayment plan for Sydney's toll-ways
Activists Offer Protest Tour Of Spain's Modern Ruins
Three Levels of Survival Skills
Long, but contains lots of useful tips to help weather varying levels of collapse. -- RF
U.S. Water Infrastructure Repairs Threatened, National League Of Cities Says
"Repairing U.S. water infrastructure is becoming increasingly expensive and options for funding upgrades to sewers, storm drains and drinking water systems are under threat, the National League of Cities told a congressional hearing on Friday."
We're Losing Power to Centralized Systems

## Japan ##
Revisiting Fukushima's Ghost Towns (slide show)
It looks like the end of civilization. -- RF
Fukushima radiation threatens to wreak woodland havoc
NRA to inspect Fukushima reactor after TEPCO was found lying
Gas prices rise for 10th straight week
Nation's Cabinet Returns to Riches
Japan eyes huge loan to secure cheaper natural gas
Just 23% of homes decontaminated
1.62 million single jobless Japanese socially 'isolated': study
Govt eyes legislation to establish security council

## China ##
Beijing set to see greater financial strains this year
China Official Warns of Developed Countries' Loose Monetary Policy

## UK ##
Energy policy must be about bringing down bills, not green preaching, says Cameron
Green or not, the era of cheap energy is winding down. -- RF
Horsemeat: Compass and Whitbread find horse DNA in products
"Catering giant Compass Group and Whitbread, one of Britain's largest hotel chains, have found horse DNA in products sold as beef, it has emerged."
Horse meat in school dinners
Special Report: Public confidence drops as food goes untested

## US ##
Fracking in New York? Not for another year, if ever
Wal-Mart Says February Sales "Total Disaster", Worst Monthly Start Since 2006; Stock Drops
Tank at Hanford nuclear site leaking radioactive liquids, Washington governor says
Pilgrim nuclear power plant in Mass. loses power twice after blizzard
Veterans attack 'boneheaded' medal for drone pilots
Weighing Down Heinz With Debt
Spinach recalled in 39 states due to E. Coli scare
Investors Question Price of Plastic as Card Issuers Face Strain
Israeli Banks Said to Be Implicated in U.S. Tax Evasion
Amazon Sells Out Predator Drone Toy After Mocking Reviews
Palisades nuclear power plant shut down for repairs following troubleshooting efforts
A Lesson in Irony: Moody's Downgrades S&P Parent
College Grads on Food Stamps on the Rise
Gun Dealers Report Shortages of Ammunition

And finally…
Kangaroos take over Australia Golf Course (video)
Pillow fights costs city $5,000

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