Monday, March 11, 2013

 

News Links, March 12, 2013

## Global Ponzi meltdown/House of Cards ##
French Industrial Production Tumbles as Recession Looms
S. America at risk from slow growth: Fitch
Alberta's economy takes hit on oil sales
ECB must cut rates or risk crisis again - Roubini
Roubini Promotes ECB Currency War and Other Silliness
Norway Fund Flees Currencies Tainted by Stimulus Addiction
"Norway's $713 billion sovereign wealth fund is turning away from the world's biggest currencies and their debt-laden governments as policy makers undermine their exchange rates through unprecedented stimulus measures."
"Sorry, No Gold Today… We Sent It to China"
Hyundai executive: Outlook for Europe murky because overcapacity still a problem
Global growth is burning out and fading away: Economic gains are limited, but investors don't know it yet
"Driven by massive monetary stimulus from the world's central banks, the performance of global financial markets, especially stocks, have decoupled from the reality of a moribund world economy."

## Airline Death Spiral ##
Branson's airline heads for record losses
"Sir Richard Branson's Virgin Atlantic is heading for record losses of as much as £135m, triggering fears of job cuts among the carrier's 9,000 staff."
Airlines declare more than 200 low fuel emergency landings in four years (UK)
Vietnam faces pilot shortage, looks abroad
Budget airlines' cost advantage shrinks
Air traffic nosedives at new airport
Business travel by air falls amid frugality campaign
"Sales of first and business class flights have dropped as China's frugality campaign gathers pace beyond high-end dining, according to the country's civil aviation authorities."
Air Transat flight attendants agree to $9M in concessions
Malaysia Airlines 2013 outlook clouded by increasing competition and launch of Malindo
Boeing confirms that the money is in planes rather than airlines

## Fault lines/flashpoints/powder kegs/military/war drums ##
Land grabbing as big business in Myanmar
As Afghan trip goes badly off script, Hagel opts for caution
US Claims 'Security Concerns' as Karzai Cancels Hagel Meet
Most Canadians in favour of limits on immigration: poll
S. Korea, U.S. conduct drills as North threatens war
US troops killed in Afghan 'insider attack'
Obama Team Stops Saying 'Global War On Terror' But Doesn't Stop Waging It
Mali war disrupts cocaine supply to Europe
Is China Cracking Down on North Korea Trade?
Report: US Troops Training Syrian Rebels in Jordan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Armed protesters rally at Washington State Capitol
Shots fired during Iraq-Kuwait border protest: police
Tens of thousands in Spain anti-austerity protest
Tibetan self-immolations spark China tension

## Energy/resources ##
International oil companies' oil production peaked in 2004 and declined by 2.1 % pa
"Oil production (crude and NGLs) of 5 international oil companies has been declining by a total of 15% over the period 2004-2011."
Pakistan starts work on Iranian gas line opposed by U.S.
Total slowly restarts production at North Sea fields shut after gas leak
Asia Coal-Prices fall below $92 as buyers retreat
One sure winner emerges in southern gas corridor race
Bishop puts his Rolex up for sale to pay power bill - but no one can afford it (Bulgaria)
Kuwait may face power shortage risk next year
Nuclear Industry Withers in U.S. as Wind Pummels Prices
"A glut of government-subsidized wind power may help accomplish a goal some environmentalists have sought for decades: kill off U.S. nuclear power plants while reducing reliance on electricity from burning coal."
Emerging Market Demand to Support Oil Prices, Goldman Sachs Says
Egypt's diesel shortage sees return of black market
Egypt Replaces Oil Company Officials Amid Fuel Shortages
27 power stations have less than 7-day coal stock (India)
"Of the 27 plants, 16 have coal stocks that will not last more than four days, according to the latest coal stock positron data."
Peninsula blackout 'one of many' (Australia)

## Infrastructure scavenging ##
Real Steel: Thieves Lift 1,100 Pounds of Metal Product From Miner Enterprises
FREEWAY CONSTRUCTION: Road projects like gold mines for metal theft
"Crooks are making off with everything from rebar and copper to half-ton steel beams from construction sites across the region"

## Got food? ##
Vietnam Coffee Harvest May Drop 30% on Drought, Vicofa Says
Russia will soon be switching to grow grapes and soy beans in their land

## Lifestyle Solutions ##
Kitchen Gardens Improve Kids' Diets
What an Online Game Can Teach You About Poverty

## Environment/health ##
Antibiotics resistance 'as big a risk as terrorism' - medical chief (UK)
Traffic noise driving songbirds to the limit in cities
"The rising level of noise in urban areas may be preventing some species of songbirds from setting up home in developed areas, a study has concluded."
Where Has All the Ice Gone?

## Intelligence/propaganda/security/internet/cyberwar ##
US citing national security in censoring public records more than ever since Obama's election
Public likes, private lives: Study shows Facebook activity can reveal a wealth of private info
China 'must stop unprecedented wave of cyber attacks', says Obama administration
Epidermal electronics: Electronic Sensors Printed Directly on the Skin
Tracking Sensors Invade the Workplace
"As Big Data becomes a fixture of office life, companies are turning to tracking devices to gather real-time information on how teams of employees work and interact. Sensors, worn on lanyards or placed on office furniture, record how often staffers get up from their desks, consult other teams and hold meetings."
Hackers steal over $12,000 of Bitcoins from transaction broker Bitinstant

## Systemic breakdown ##
Getting Israelis back onto the factory floor
"Industry is critically short of skilled workers, a gap that a planned vocational training program aims to fill."

## Japan ##
Machinery orders down sharply in Japan
Truth to Power: Japanese Media, International Media and 3.11 Reportage
2 Year Anniversary of Fukushima: The Accident Is NOT Contained
Fukushima government deleted radiation data gathered shortly after nuclear disaster
Nothing to see here, folks. Move right along. -- RF
Fukushima disaster: Long road to nuclear clean-up
Fukushima plant decommissioning may last until 2051
The industrial economy will have long since collapsed, and this toxic monster will still be there. -- RF
Fukushima toxic waste swells as Japan marks March 11 disaster
Reality of Fukushima cleanup hits Japan
Photos: Two Years Later, Slow Progress on Cleanup
1,650 sue government, TEPCO over Fukushima damages
Japan tsunami exacts heavy toll two years on
School rebuilding on hold 2 yrs later
"Two years have passed since many schools were destroyed by the Great East Japan Earthquake and tsunami, but in the three hardest-hit prefectures, none have been rebuilt."
U.K. Businesses Call For Urgent Action in Budget
UK 'should build 50,000 new cheap homes'
"Boosting homebuilding should be the main goal of George Osborne's forthcoming Budget, according to the business lobby group, the CBI."
Kuroda Says Bank of Japan Will Consider Buying Derivatives
Japan to Begin Test Production for Frozen Gas Locked in Seabed
Most likely this is not even an economically viable resource, but in the current state of desperation, it will perhaps become the "shale gas" of Japan — extracted at a loss while telling the populace that amazing new technologies are ushering in a new age of energy abundance and security. Get your barf bags ready. -- RF
Pump! Nearly 500 Japanese Stocks Rise To 2012-13 Highs
BOJ gov. nominee Kuroda stresses need for further easing
Hyperinflation 'Unthinkable' Even With Bold Easing: Abe
Work resumes on Aomori's new Oma nuclear plant

## China ##
China inflation rate hits 10-month high in February
Shanghai Finds Pig Virus in Local River as Carcasses Pile Up
World's largest mall is ghostly quiet
"The vacancy rate of China's New South China Mall, also known as the world's largest shopping mall, has reached 99% since its opening in 2005, reports caijing.com, a Chinese-language website specializing in financial news."
Spot China's "Hot Money" Time-Bomb
New Fleet on the Block: China's Coast Guard Comes Together
"In a move with significant implications for territorial disputes in the East and South China Seas, the Chinese government announced on Sunday that it plans to centralize bureaucratic control over its maritime law enforcement agencies by consolidating them under the State Oceanic Administration (SOA) and its parent ministry, the Ministry of Land and Natural Resources."
China's Overcapacity Bubble

## UK ##
UK gas up sharply as cold grips Britain, flows fall
"Supply from top UK storage site drops to zero for an hour"
UK Vulnerable to Price Spikes Due to Reliance on Norway's Natural Gas
Interior Minister urges Britain to leave human rights convention
"Britain should consider leaving the European Convention on Human Rights because it interferes with the government's ability to fight crime and control immigration, Home Secretary Theresa May said on Saturday (9 March)."
Retired military commanders warn of dangers of more defence cuts
Picturesque village is facing wind farm 'catastrophe'
Britain has major oil worker under-capacity problem

## US ##
1.6 Billion Rounds Of Ammo For Homeland Security? It's Time For A National Conversation
"Add to this perplexing outré purchase of ammo, DHS now is showing off its acquisition of heavily armored personnel carriers, repatriated from the Iraqi and Afghani theaters of operation."
Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT
Buffet Banks on Natural Gas Trains
Have Americans Given Up on Saving for Retirement?
NYSE prepares disaster backup plan: WSJ
"The New York Stock Exchange is readying plans to be able to operate without human traders in case another disaster, such as Superstorm Sandy, forces the shutdown of its historic trading floor in downtown Manhattan, The Wall Street Journal reported."
Public transportation hits 10.5B rides in 2012
The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment
More than 25% of Americans raiding 401(k)s to pay bills
In Silicon Valley, Economic Recovery Has Left Many in the Dust
Rich? You'll Probably Live Longer, Too




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