Tuesday, March 12, 2013


News Links, March 13, 2013

## Global Ponzi meltdown/House of Cards ##
British banks may have £30bn hidden losses
"British banks may be harbouring a black hole of as much as £50bn in undeclared losses that do not show up in their accounts but hamper their efforts to lend, a shareholder group has warned."
In Italy, 1000 Companies Go "Belly Up" Each Day
An Offer You Cannot Refuse; EU Passes Law Forcing Countries to Take Bailout; Is Spain the First Target?
Swirlogram Shows Slowdown Is Here
What Recession: 2012 Lamborghini Deliveries Up 50% In The US, 34% In Europe
The New Aristocracy is doing well. BTW, what are you driving? -- RF
Dutch bankruptcies hit record in February
Wealth Over the Edge: Singapore
The Asian Dubai. And like Dubai, when the bubble pops it will be heard around the world. -- RF
Housing Construction in France Lowest in 50 Years; Hollande Responds With Measures to Support Building "For the Public Good"
Cash-strapped Greece puts govt buildings on block
'Dr. Copper' Has Raised Doubts About Recovery
30,000 expats to lose Kuwaiti government jobs

## Airline Death Spiral ##
Airlines looking for short-term 787 replacements with end to grounding uncertain
Spain: airports to start luggage cart fee
'Unprecedented': Budget Cuts Could Hit Some Airport Towers
Thousands of South Asian workers strike at Oman airport
Ottawa gives Air Canada pension break, demands near freeze on executive compensation

## Fault lines/flashpoints/powder kegs/military/war drums ##
Falkland Islanders vote overwhelmingly to keep British rule
Suspected Islamists raid Nigeria school, shoot teachers
Over half of Austrians think the Nazis would be elected if the party was readmitted to politics
Afghan War Falling Apart at the Seams
State Dept Reiterates Sanctions Threat Against Pakistan Over Iran Pipeline

## Global unrest/mob rule/angry people/torches and pitchforks ##
Anti-gold mining protests hit Greece
Burma confirms phosphorus used at mine protest
"An official parliamentary report in Burma has found that police used smoke bombs containing phosphorous during a protest against a Chinese-backed mine."
Young jobless Tunisian sets himself on fire
Rally staged in Tokyo to protest Japan's entry into TPP talks
Angry over detentions, Afghan villagers threaten uprising if US special forces don't leave

## Energy/resources ##
Yemen faces mass blackout ahead of national dialogue
"A power outage has hit large parts of Yemen for four consecutive days, blocking millions of people from access to electricity and sparking disorders ahead of a long- awaited national dialogue set to start next week."
Russia's Rosneft Expanding Global Presence
PetroChina to Invest $3.7 Billion in Australian LNG Projects
China bailout eyed as sun goes down on former solar tech star
"Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond due within days."
China's Suntech to close its only US solar panel plant
Planners double capacity of UK-France Channel tunnel power cable
"Britain sees building interconnections with neighbouring countries as a way to manage fluctuating renewable energy production and is considering laying other cables to Norway, Belgium and Denmark."
Clean Fuel From Trash, Crop Waste to Match Corn-Ethanol by 2016
As I've said again and again, crop residue should stay on the fields. -- RF
Egypt's fuel crisis threatens of further disturbances
Brazil lowers electricity costs for consumers
"Brazil's Federal Government announced a 20% reduction in the cost of electricity, but the measure may lead to an increase in consumption, without adequate supply."
Dismal Electricity Supply At Lagos Airport

## Got food? ##
When agriculture stops working: A guide to growing food in the age of climate destabilization and civilization collapse
Latin American Communities Fight to Protect Heirloom Seeds From Monsanto
Corn, Soybeans Follow Rising Temperatures Into Canada: DuPont Pioneer

## Lifestyle Solutions ##
Infographic: Are You Addicted to the Internet?

## Intelligence/propaganda/security/internet/cyberwar ##
Cyber attacks leading threat against U.S.: spy agencies
Chase Bank site attacked, offline for about 90 minutes
How Many People Really Use Sina Weibo

## Systemic breakdown ##
Is 'Revolution'-Style Global Blackout Possible?

## Japan ##
Japan To Hike Utility Prices By 14-19% As Inflation Surges In All The Wrong Places
Japan achieves first gas extraction from offshore methane hydrate
Fukushima: Two years have passed since Japan nuked the rest of the world
Fukushima status little improved
"Radiation is still at dangerous levels inside the contamination zone of Japan's Fukushima nuclear power plant, says an eyewitness report."
Residents, evacuees file lawsuit against central government, TEPCO
Monetary Watch Japan, Enter New BOJ Chair Kuroda
Govt To Again Request Power-Saving Across Japan This Summer
PM Abe asks nuclear plants to beef up anti-terrorism security measures
Steelmaker to halt Kimitsu blast furnace
"Nippon Steel & Sumitomo Metal Corp. will halt operations at a blast furnace at its iron mill in Kimitsu, Chiba Prefecture, sources said Tuesday. The steelmaker is also considering postponing the start of operations, originally planned for this month, at its newly established furnace in Wakayama Prefecture the sources added."

## China ##
Beijing's Rising Rents Squeeze Newcomers Barred From Home Buying
Why Beijing taxis are always refusing rides
Future of China Railways Ministry's US$426bn debt unclear
Shanghai Races to Clean River After Dead Pigs Double to 5,916
China on Alert as Inflation Creeps Up
New Fleet on the Block: China's Coast Guard Comes Together
Chinese state media reports plans to survey Senkaku/Diaoyu Islands

## UK ##
UK on track for triple dip - NIESR
"Britain is on track for a triple dip recession, one of the nation's leading forecasters has signalled, as new figures on the UK's manufacturing industry    dealt a blow to recovery hopes and sent sterling crashing to a fresh two-and-a-half year low."
Mark-To-Market Manipulation Hides $90 Billion Losses For UK Banks

## US ##
California Seizes Guns as Owners Lose Right to Bear Arms
Could Houston be getting international spaceport soon?
Republican budget plan seeks $4.6 trillion more in spending cuts
Poll: Americans want background checks for guns, ban on assault weapons
NYPD program patrols inside private buildings; residents say they're unfairly stopped
Veterans Waiting more than a Year for Benefits have Grown from 11,000 to 245,000 under Obama
Private Debt Is a "Rock of Damocles" Hanging Over the Economy
"Public debt may be a staggering $15 trillion, but private sector debt is more than twice that at $38 trillion."
Let's Stop Fooling Ourselves: Americans Can't Afford the Future
The Real February Employment Report - In Pictures
Dow 36,000? Try 6,300
Gun Shops Face Massive Ammunition Shortage

And finally…
Russian in 'nothing to declare' Moscow customs lane had 26,000 diamonds

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