Thursday, March 21, 2013


News Links, March 22, 2013

## Global Ponzi meltdown/House of Cards ##
France debating cap on private sector salaries
"France's top private sector bosses could see their salaries capped under a Bill being tabled by the Socialist government, in the latest high-profile move aimed at punishing the rich."
Germany Choking On Zombie Bailout Economics
German banks offer haven for Cypriot deposits
Cyprus economy 'on the brink', Bank of Cyprus warns
Scenes From the Cyprus Crisis (gallery)
Cyprus bailout crisis: panic replaces anger as bankruptcy looms
Cypriots Gather Cash as Suppliers Demand Hard Currency for Goods
EU Weighs 40% Haircut On Uninsured Cypriot Deposits In Bad-Bank Plan
Britons in fear for livelihoods as Cyprus searches for solution to crisis
Jittery Spaniards Seek Safety in Bitcoins
Federal Budget 2013: Canada's military under the gun in spending cuts
"Army, air force and navy struggling with $2 billion cut and braced for more reductions in Thursday's federal budget."
AstraZeneca cuts another 2,300 jobs in sales, admin
Knives out for auditors as class actions go global
Ford's European sales slide threatens revival plan
Eurozone flash PMI shows faster decline
Why Global Economies Face an Age of Deflation
Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers
Hope vs. Reality; Eurozone Downturn Intensifies, Led by Sharpest Drop in French Private Sector Output in Four Years
Fraudulent Guarantees; Fictional Reserve Lending; Comparison of US to Cyprus; What About New Zealand?
Silver Slams Higher As Bitcoin Hysteria Shifts To Non-Electronic Money
Gold headed for biggest weekly rise in 4 months on Cyprus
Whose Insured Deposits Will Be Plundered Next?
Euro may be doomed whether Cyprus stays or goes
Euro Banking System On The Verge Of Collapse
Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke
Global TV Shipments Fell in 2012

## Airline Death Spiral ##
Pay strike grounds 40 percent of Lufthansa flights
Romanian airline Tarom says to shed 10% of workforce
Estonian Air records 49 mln euro loss
Europe's airline industry on 'knife edge,' says IATA boss
El Al Airlines loss widens on Israel-Hamas conflict

## Fault lines/flashpoints/powder kegs/military/war drums ##
Is Russia Working On Breaking Up The Euro?
North Korea threatens US bases in Japan
China may wear out African welcome
Iran will destroy Israeli cities if attacked: Khamenei
U.S., Japan review worst-case plans for isles dispute
China "extremely concerned" about U.S.-Japan island talk
Huge Drop in Workers at City-Sized US Embassy in Baghdad
Obama, Netanyahu Talk Up Israel's 'Right' to Attack Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
Sixth Bulgarian self-immolates over poverty
Protests against the cultivation of transgenic maize in Mexico
98 arrested in rally on Vegas Strip; workers protesting stalled talks with Cosmopolitan casino
Rockets explode in southern Israel as Obama visits: police
Venezuelan police fire tear gas during clash ahead of vote
Scores arrested at Las Vegas sit-in
The Cyp-Riots Begin - Live Stream
Workers halt production at Chinese uranium mine in Niger

## Energy/resources ##
Rising costs drag oil and gas into factory age
Power company asks 6,000 firms to cut production (Vietnam)
Lebanon's Oil Industry Heading into Troubled Waters
Diesel running low across South Island (New Zealand)
Japan Mines Seabed "Fire Ice" – The World's Most Dangerous Source of Energy?
Deal to curb German energy prices eludes Merkel
India is fourth largest energy consumer
No free lunch: Renewables – Good for some things; not so good for others
Great nuclear shift towards Asia predicted
Goldman Tells Europe Refiners to Cut Production
Biggest Crisis Since 2008 Looms for South African Mines: Energy
Water, energy and food security triangle in Gulf

## Got food? ##
Israelis eating the locusts which are eating their crops
Grim Food Security Outlook for Zimbabwe
Farmers 'Nervous' Over This Year's Crop Season (US)

## Environment/health ##
Massive Sinkhole In Louisiana Baffles Officials
Chevron Pipeline Leaks Thousands of Gallons of Diesel into Precious Wetlands
Michigan oil spill cleanup may exceed insurance -Enbridge
Could the 'plague' become a re-emerging infectious disease?
Hong Kong tops world cities for light pollution
Energy drinks 'could trigger cardiac arrest'
Shrimp, crabs in mystery Chile die-off

## Intelligence/propaganda/security/internet/cyberwar ##
LinkedIn social network hit with outage, now back online
Power Outage Knocks DreamHost Customers Offline
Seoul: Initial investigation leads to Chinese address as source of South Korea cyberattack
"IP addresses, which are unique to each computer connected to the Internet, can easily be manipulated by hackers operating anywhere in the world, and the investigation into who was actually behind Wednesday's attack and whether they were in China could take weeks."
Drones crash (a lot) but the military's safety lessons may help civilians
Whole internet probed for insecure devices
"A surreptitious scan of the entire internet has revealed millions of printers, webcams and set-top boxes protected only by default passwords."
Hacking highlights dangers to Seoul of North's cyber-warriors
Card companies, tech giants battle over data
"The rise of digital wallets that allow consumers to make purchases online and in stores with mobile devices is leading to a new battle among payment networks, banks and technology firms over lucrative transaction data."

## Systemic breakdown/collapse ##
U.S. gets D+ on infrastructure report card
"Belgium faces structural shortage of engineers"
"War on Talent" Continues for Engineers in Europe
Rackspace Addresses Cloud Computing Skills Shortage with Launch of Open Cloud Academy
Public defender system struggles under huge caseloads (US)
Chicago bracing for wave of school closures
Violent crime is haunting Mexican tourism

## Japan ##
Fukushima Still Pumping Out Massive Amounts of Radiation
Fukushima plant outage reveals lack of backup power source 2 years after crisis outbreak
Japanese utilities unable to devise plan on use of plutonium
Japan records 8th month of trade deficit
"The Positive Impact of the Declining Yen Has Yet to be Seen"
Japan's central bank chief vows to end deflation
Meanwhile, today's newspaper informs me that local land prices have declined for the 21st year straight. -- RF
Urban Land Leading Breakout From Deflation
"Land values are rousing themselves from deflation sooner than prices of goods or services, but only in big cities and largely because of speculative investment."
Japan land prices dip in 2012, but fall slowest in 5 years
Rich rare earth deposits found on seabed
"But despite the desire to move away from dependence on China, the cost of extracting supplies from such a depth and in such hostile conditions may prove problematic, commentators said."
With China in mind, Japan building port on distant atoll
Easy Money Doesn't Mean Easy Times for Japan's Small Businesses
More job seekers shunning corporate positions in favor of NPOs
Panasonic in talks with labor union to cut bonus by 20% this year

## China ##
China's February crude imports from Iran up 81 percent on year
"China's crude oil imports from Iran rebounded last month from a 10-month low hit in January, official data showed, in line with an International Energy Agency (IEA) report that said new U.S. sanctions appeared to have had little impact on shipments."
Private Banks Sell Debt in Worst Quarter Since '11: China Credit
"Chinese high-yield dollar- denominated bonds are returning the least in more than a year as private banks react to a flood of debt supply and rising global interest rates by cutting holdings."
Hong Kong Homes Face 20% Price Drop as Banks Raise Rates

## UK ##
Britain faces gas supply crisis as storage runs dry
"Britain is grappling with a potential gas supply crisis as a late blast of winter depletes stored reserves, coal power plants close and pending maintenance in Norway threatens to further squeeze supply."
SSE boss Ian Marchant warns of risk of 'lights going out'
"The boss of the energy firm SSE has warned that "there is a very real risk of the lights going out" in Britain."
Military and local councils set for deeper cuts after 2015
UK National Grid boss frets about infrastructure issues

## US ##
Texas May Start Hoarding Gold…Secession Next?
The Seven States Running Out Of Water
New Study Using IRS Tax Data Shows Rich Are Staying Richer, Poor Poorer
Surprise, surprise! Who would have thought? -- RF
The Retirement Crisis Is Here For Millions-Income Inequality Now Set To Wreak Its Ugly Revenge
Taxpayers sour on space during the budget crisis
I've said repeatedly that space programs will be getting a lot less money in the future. Here is a sign of that. -- RF
CVS Pharmacy Wants Workers' Health Information, or They'll Pay a Fine
The 21st-Century Version of Slavery Is Widespread In America
Drivers endure high gas prices despite US oil boom, low demand; price could approach $4 by May
Data points to growing economic momentum
Economic data are so massaged and manipulated as to be useless and meaningless. -- RF
Coca-Cola cutting 750 U.S. jobs
Here's an example of data that really count. -- RF
Warmer temperatures, continued drought seen for U.S. spring
Federal workers protest furloughs
Hoarding Groceries Survival Strategy for Furloughed Workers
Office supplies, grocery stores among government cuts
"Government grocery stores on U.S. military bases around the world will close one day each week starting in May."
First FedEx, Now Oracle! Trouble Ahead for Earnings Season
Done Cheering for Home Sales? Here's What's Really Going On
J.C. Penney: The Titantic Finally Sinks

And finally...
Spanish Firm Markets Mattress With Built-In Safe

<< Home

This page is powered by Blogger. Isn't yours?