Friday, March 22, 2013


News Links, March 23, 2013

## Global Ponzi meltdown/House of Cards ##
Fitch poised to cut UK's AAA rating soon
Cyprus Approves Capital Controls as Ministers Prepare to Meet
Cyprus Shifts To Plan 'DD' (Douple-Dip The Large Depositors)
Turkey May Block Use of Natural Gas for Cyprus Bailout
German Economist Proposes "One Time" Cyprus-Like 15% Wealth Tax on Italians; Italy Proposes Easing Stability Pact; Is Italy the Next Cyprus?
Most Germans expect euro zone crisis to worsen: poll
A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus
Big Russian money out of Cyprus; crisis endangers flows
Cyprus 'Eurogeddon': deserted streets of a country closed for business

## Airline Death Spiral ##
Airfares soared in 2012, June priciest month: report
Airlines Dispute Air-Traffic Controller Furloughs
Federal Aviation Administration to close 149 air traffic control towers because of budget cuts
Will snowstorm-style airport delays be new normal?
"Visiting Tampa International Airport's aquarium, taking a yoga class at the San Francisco International Airport or grabbing a burger at the soon-to-open Shake Shack in John F. Kennedy International Airport could well be a highlight of your summer vacation. Experts say that if anticipated air-traffic controller cuts come to pass, travelers will probably spend as much time waiting at the airport on a sunny day as they normally do during a snowstorm."
Japan agency: prep for 787 test flight not yet complete
Boeing to Dismiss 800 Working on Jets Including 787

## Fault lines/flashpoints/powder kegs/military/war drums ##
EU Caught Playing Dirty and it's all about Russian Gas
"There was a lot going on this week, but it's all being overshadowed by the fascinating geopolitical game over Cyprus. This is a stage on which a country's pending financial collapse hinges explicitly on its hydrocarbons potential, and whoever turns up with aid will win access to exploration blocks."
US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions
Instead of Closing, Gitmo to Receive Major Upgrades

## Global unrest/mob rule/angry people/torches and pitchforks ##
At least 20 dead, 5 mosques torched in Buddhist-Muslim rioting in central Myanmar
Burma: State of emergency imposed in Meiktila

## Energy/resources ##
Tanker Turns off Engine and Drifts for 280 Miles to Save Fuel
India Mimics China in Seeking African Energy
"Africa is undergoing the great scrabble for its resources since Europeans carved up the Dark Continent in the 19th century. The latest to enter the fray for Africa's energy resources is India, which, like China, is a net energy importer, seeking reserves anywhere and everywhere it can."
New Super-Nanomaterial could Revolutionize the Future of Energy
Sounds too good to be true. -- RF
Oil wealth not always a blessing
Millions won't be celebrating World Water Day
Cnooc Profit Declines on Capital Spending, Slowing Output
Deep-sea mud proves rich in rare earths / But remote deposits hard to extract (Japan)
Shell shuts down Nigerian pipeline due to oil thefts

## Environment/health ##
The New Zealand drought
Beekeepers sue EPA over failing to stop harmful pesticides

## Intelligence/propaganda/security/internet/cyberwar ##
SKorea says it misidentified China as origin of cyberattack, though culprit likely foreign
US plan calls for more scanning of private Web traffic, email

## Systemic breakdown/collapse ##
Panama Canal rail traffic hit by computer glitch

## Japan ##
Domestic Factories Down For 5th Straight Year
"The number of domestic factories has declined for a fifth straight year since 2007, a manufacturing report released Friday shows."
Toyota To Test 'Half-Time' Program For Retirement-Age Workers
Nobel Laureate Stiglitz Gives "Abenomics" Thumbs Up
Who you gonna believe, me or Stiglitz? I give it the thumbs down. -- RF
Cash-strapped man stabs passerby in bid to live in prison
Real estate an attractive option on weak yen
Speculation will push up land prices in some places, and they'll claim it's a recovery. -- RF
Snow removal costs reach record high
Rubella found spreading quickly in Tokyo and neighboring prefectures

## China ##
Signs of financial crisis evident in China: economists
Onetime Solar Billionaire Shi Zhengrong Suffers Blow As Suntech Power Collapses
Even in bankruptcy, China's Suntech exacerbating solar glut
Hong Kong tops global list of property price growth
Ancient Chinese rice terraces menaced by crayfish
Xi's First State Trip Yields 'Breakthrough' Oil Deals With Putin
Is China Heading For Its Own Arab Spring?
In China, honor thy parents or get sued

## UK ##
English Farmland Is Hot Property
Britain's gas price soars to record on pipeline closure
Take a pile of euros and watch out for thieves, Foreign Office tells Britons going on holiday to Cyprus

## US ##
Sprawling and Struggling: Poverty Hits America's Suburbs
South Texas drought taking its toll on cattle ranchers
Kansas Sen. Pat Roberts: We must cut food stamps to save them
Backlog of veterans' benefits claims grows (video)
"The numbers are staggering.  The Department of Veterans' Affairs estimates that within a month more than 1 million veterans will have filed for disability benefits -- and they'll all have to wait in line."
50-somethings face own health care crisis
Williams natgas line ruptures in West Virginia
Crop insurance claims total $16B after widespread US drought; cost stirs debate in Congress
Guess Who Else Is Stealing Money From Bank Depositors?
Paying With A Hundred Dollar Bill? Prepare To Fill Out A Form
Ron Paul, "Gold is the ultimate money," Fox Business, 3/20/13 (video)
The Death of the Car
California businesses fuming over retroactive $120M tax grab
Stocks are too risky to save Social Security

<< Home

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