Tuesday, February 26, 2013


News Links, February 27, 2013

## Global Ponzi meltdown/House of Cards ##
From Asia to Europe markets slide
Italy's split vote threatens to revive financial crisis in Europe
India's railway budget sets tone for austerity year
"India reined in spending on its vast but decrepit rail network on Tuesday, setting the tone for what is expected to be the most austere federal budget in years in two days' time as the government struggles to tame its fiscal deficit."
Is Asia Heading for a Debt Crisis?
Australia's Whitehaven Coal slides into the red
Alternative Currency Goes Mainstream As Bitcoin ATMs Emerge
As Goes China, So Goes The World And Definitely Australia

## Airline Death Spiral ##
Air France flies into red
Sequester could hurt Washington state's Olympia Airport
"The air traffic control tower at Olympia Regional Airport is among hundreds of towers at regional airports throughout the country that could close as a result of the federal government's "sequestration," the term used to describe $85 billion in automatic spending cuts."
Iberia to cancel almost 1,300 flights in second five-day strike
Pinnacle Airlines loses $4.1 million in January

## Fault lines/flashpoints/powder kegs/military/war drums ##
Police: Gaza militants fire rocket into Israel
Be Careful: Russia is Back to Stay in the Middle East
Fortress Damascus now center of Syrian war
China places buoys near disputed islands for science
'Dokdo' island classes to become mandatory for S Korean children
Kerry: US to Hasten Syria Regime Change

## Global unrest/mob rule/angry people/torches and pitchforks ##
Mexican Farmers Protest The Entrance of GMO Corn (video)
Colombia greets coffee strike with force
"National Police in Colombia said 15,000 policemen are reporting to duty to maintain order as an estimated 30,000 coffee growers staged demonstrations."
Djibouti police clash with opposition protesters for second day
Afghans hold anti-U.S. rally following abuse claims
Burmese Police Clash with Villagers in Electricity Dispute
Israeli Soldiers Open Fire on Palestinian Protesters
Student protesters denounce indexation, clash with police (Canada)
Egyptian protesters fight off police attempt to clear Tahrir Square sit-in
Shutter down strike observed against load shedding in Landikotal (Pakistan)

## Energy/resources ##
Panama grid goes down
Interior Ministry downplays power outage scare while affirming enough energy in April
Global Peak Oil Production — Where to Invest and Profit
Investing and profiting aside, take a look at the graphs the author brings together here. -- RF
IEA: Gas trading hubs needed for Asia
Iran said to deploy aging foreign tankers, avoiding sanctions
Ukraine seeks spot supply from Europe to replace Russian gas
Coal Demand Falls in the U.S., Rises Everywhere Else
China, Russia reach consensus on oil supplies

## Infrastructure scavenging ##
Metal thieves steal £4,000 worth of drain lids in Glamorgan (UK)

## Got food? ##
Winter storm boosts U.S. wheat outlook, hampers cattle industry
Ikea pulls meatballs in over 20 countries
Ecuador Imposes Food Price Controls Despite Strong Business Opposition
Perishable goods worth millions to rot due to aviation fuel shortage (Ghana)

## Lifestyle Solutions ##
The Pickin Chicken App: Which Chicken Breeds Are Right For You?

## Environment/health ##
Blink and you'll miss it: how species are being lost before they're even found

## Intelligence/propaganda/security/internet/cyberwar ##
Mobile World: South Korea warns of 4G curse
Israel's cyberwar center goes operational
NYPD: Murder Is Down Because Of Our Facebook Surveillance
Net providers begin warning of illegal downloads
Stuxnet Had Earlier, Potentially Explosive Version, Symantec Says
"The developers behind Stuxnet, the computer worm that damaged an Iranian nuclear plant in 2010, began their work on the malware earlier than previously known and experimented with multiple attack techniques, according to new research by Symantec Corp."
Zero Dark Thirty Wins Oscar For Best Propaganda Picture
For sale: Your personal info
German government and companies attacked by Chinese hackers

## Japan ##
Must read: The Arrival of Japan's Sunset
Population drops by 72,000 in disaster-hit prefectures, delaying reconstruction
Seniors forced to go it alone as ranks swell, housing eludes
IAEA Director General says global team should help Japan dismantle Fukushima reactors
Diet passes Y13.1 tril stimulus budget by one vote
Ministry forced to start radioactive waste disposal site plan over

## China ##
China's riskiest property market just collapsed. Is this how it starts?
China Overheating? Biggest Weekly Cash Drain in History; Questions Surface Over Chinese Growth Numbers
China considers overhaul to streamline government
China Austerity Drive Becomes a Joke

## UK ##
Seven million 'take painkillers so they can work'
Negative interest rates idea floated by Bank's Paul Tucker

## US ##
Bernanke Admits QE Distorts Markets, Brags Of 'Best' Inflation Record As Fed Chairman
JP Morgan Chase takes job cuts up to 19,000
Streetlights Likely To Go Dark in Central Valley Community
Street Lights To Be Shut Off in Pease Township on Friday
Kansas could lose millions with sequestration cuts
Among Oscars Fanfare, Visual Effects Industry Faces Difficult Times
"In a business where effects-laden movies helped Hollywood make a record-setting $10.8 billion last year, many of the studios that create those effects are barely staying afloat."
The Unsafe Foundation of Our Housing 'Recovery'
Study: Climate Change May Dry Up Important U.S. Reservoirs Like Lake Powell And Lake Mead
FDIC: Banks Earn $141.3 Billion in 2012, Second-Highest Annual Haul Ever
Workers over 50 are the new 'unemployables'
Here's Exactly How Many College Graduates Live Back at Home

And finally…
Daughters not duty is turning Barack Obama's hair grey, says Michelle
I believe it. -- RF
Kerry defends liberties, says Americans have "right to be stupid"
That includes the US leadership. -- RF
Watch: Chinese Political Adviser Comes Utterly Undone at Airport
Daily BS: United Nations removes Osama bin Laden from sanctions list

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