Sunday, March 31, 2013


News Links, March 30-April 1, 2013

## Global Ponzi meltdown/House of Cards ##
Schaeuble says euro zone savings deposits are safe
"German Finance Minister Wolfgang Schaeuble has said savings accounts in the euro zone are safe, adding that Cyprus is a 'special case' and not a template for future rescues."
They're coming for YOUR MONEY!
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite
Tiny Cyprus flashes defiance at EU partners, latest in a string of fightbacks
Bank of Cyprus savers with over 100,000 euros could take losses of up to 60 percent
Life On Cyprus After The Bailout
Slovenia Becomes the Next Sovereign Debt Target as Yields Push Over 7%
Who's Next? Italy's Monte Paschi Admits To Billions In Deposit Outflows
Bank Failures, Sovereign Bond Collapses, Savers Head for their Mattresses
Clothing prices spiral lower in Canada
High credit card rates costing Canadians a fortune
Bitcoin May Be the Global Economy's Last Safe Haven
Russia Econ Min: Economic Growth Impossible without Monetary Policy Easing -Report
Russia Is Next In Line To Restrict Cash Transactions
France's Hollande wants 75% tax on rich
The price of land development in Cambodia
Argentina puts forward alternative payment plan in bond dispute
Gillard May Seek China Currency Deal, Australian Reports
"Prime Minister Julia Gillard may seek a deal enabling direct conversion of Australian dollars into Chinese currency when she visits China next week, the Australian newspaper reported today."
Another move to bypass the US dollar. -- RF
Egypt's worsening finances to deter investors
IMF team to arrive in Egypt on Wednesday for loan talks
"An IMF delegation will arrive in Egypt on Wednesday for talks with the government on a $4.8 billion loan, a government spokesman said on Sunday, as Cairo seeks to conclude a deal vital to easing a deep economic crisis."
S.East Asia ready to build, but will investors come?
"Indonesia is seeking European investors for $9 billion worth of water, road, air and seaport projects in what will be a litmus test of Southeast Asian countries' ability to seize on ripe financial conditions to upgrade decrepit infrastructure."
Taiwan's LED manufacturers have all suffered losses: industry sources
Jim Rogers: Put Your Money In Hard Assets, Especially Farmland and Agriculture
But rich investors should not be allowed to buy farmland they aren't going to use themselves. A system in which the rich own the land and the rest of us are sharecroppers (serfs) is the road to neofeudalism. -- RF

## Airline Death Spiral ##
United Airlines again delays Denver-Tokyo flights as Boeing works to fix batteries on 787 jet
US Airways Closure Could Shock Region's Economy
Air India's Maharaja to give up pomp, turn no frills airline
Should airlines start charging passengers by the pound?
Armenian National Air Carrier Files For Bankruptcy
"Armenia's national air carrier, Armavia, has decided to stop operating flights and file for bankruptcy on April 1 after struggling to pay its current debts for months."
Shortage of jet 1 fuel cause BA flight to re-route to Tanzania
Spring Air freezes Japan expansion plans over Senkakus turmoil

## Fault lines/flashpoints/powder kegs/military/war drums ##
'Everybody is Doing Business in Iran': Hotel CEO
First commercial flight between Egypt and Iran for 34 years
"The first commercial flight between Egypt and Iran in 34 years took off on  Saturday, the latest step towards normalizing ties broken following the 1979 Iranian Islamic revolution."
Turkey Takes Advantage of Cyprus Desperation
"As the geopolitical game over Mediterranean hydrocarbons heats up, Turkey has suspended energy deals with Italy's Eni over the company's involvement in oil and gas exploration offshore Cyprus."
Taiwan to skip Senkakus claims in fisheries talks with Japan
"In a marked policy shift, Taiwan plans to skip its claims to the Senkaku Islands in negotiating a fisheries agreement with Japan, sources close to the negotiations said."
Ma christens two ships to patrol Diaoyutai Islands
"TAIPEI, Taiwan -- President Ma Ying-jeou yesterday christened two Coast Guard cutters that will patrol the waters over the disputed Diaoyutai Islands."
No end to Italy deadlock despite president's efforts
U.S. Navy Funding Development Of Giant Jellyfish Robot
North Korea tensions: Russia's Lavrov fears 'spiral'
Iraqi cities hit by wave of mosque bombings
With natural gas discoveries, Israel faces geopolitical tangle
Private navy set to tackle piracy threat with convoys
Libya's south teeters toward chaos — and militant extremists
American Special Ops Forces Now Operating in 71 Countries

## Global unrest/mob rule/angry people/torches and pitchforks ##
First anniversary of weekly antinuclear rallies outside prime minister's office marked (Japan)
Students rally to demand child poverty legislation (Japan)
Angola police detain 18 at rights rally: activists
Myanmar unrest death toll reaches 43: state media
Land Day in Israel: Burning tires, stones and tear gas as Palestinians clash with IDF
'European Spring' protests shut down by police in Brussels
Bedroom tax: Thousands protest across Scotland
Algeria's southern youth seek oil jobs

## Energy/resources ##
Total says oil sands rethink doesn't signal long-term doubt
"This week's decision by Total SA's and Suncor Energy Inc to abandon a multibillion-dollar project to upgrade bitumen produced in the Canadian oil sands before shipping it abroad won't be the last rethinking of a capital-hungry oil sands project in a harsher economic climate."
IMF Report Calls for Governments to Drop $1.9 Trillion Energy Subsidies
Indonesia should ban all private cars from using subsidized fuel: adviser
Romania plans to cut support for renewable energy
Big Oil's hassle with Iraq is China's gain
"U.S. oil companies seem to be losing interest in Iraq, which a decade ago was seen as the big prize in the global energy business with the world's fifth largest oil reserves and low production costs."
India not to halt imports from Iran
"Notwithstanding the tightening of sanctions by US and European Union (EU), India does not intend to halt imports of crude oil from Iran. Instead the government is working on a scheme to insure oil import shipments from the Islamic nation to maintain smooth supply of energy supplies and also expand trade in other commodities."
Iran sanctions spur boom for Pakistani diesel smugglers
As Pakistan buys Iranian gas India asks if it should, too
Iran Energy Profile: Holds World's Second Largest Natural Gas Reserves – Analysis
The Reward for Being Right About Peak Oil: Scorn Heaped With Derision
Can You Have Too Much Solar Energy?
"Germany's little-guy suppliers are destabilizing big power companies."
Once 'Overhyped and Sexy,' Solar Tumbles Back to Earth
Three major blackouts in three years (Trinidad and Tobago)
African mining facing huge shortage of engineering skills
American shale gas project is a bubble about to burst – Gazprom CEO
Mindanao outages worsen
Optimism over gas may prove elusive (Cyprus)

## Infrastructure scavenging ##
15 manhole covers go missing (Shanghai)

## Got food? ##
About Yellow Jackets and the Benefits of Wasps in the Garden
I can attest to this. -- RF
Farm Rich frozen food products recalled for risk of E. coli
Madagascar Locust Plague Threatens Starvation as Crops Devoured

## Lifestyle Solutions ##
Flowers boost mood, especially for seniors

## Environment/health ##
Dead Pigs, Ducks And Now Black Swans: China's Animal Apocalypse Crosses Into The Twilight Zone
U.S. Regulators to Investigate Mobile Phone Health Issues
Bee deaths stir up renewed buzz
Poor air plagues 90% of cities (China)
Chinese 'river pig' close to extinction: WWF
Exxon pipeline leaks thousands of barrels of Canadian oil in Arkansas
New bird flu strain kills 2 in Shanghai; no vaccine
Deadly floods hit Mauritius capital Port Louis

## Intelligence/propaganda/security/internet/cyberwar ##
Was The Internet's Greatest DoS Attack Ever Just A PR Stunt?
Navy Wants Lasers on Marines' Trucks to Shoot Down Drones
Dawn of the civilian drone age promises multiple benefits, peeping-eye concerns
Quarter of U.S. firms in China face data theft: business lobby
'Underwear bomber' was working for the CIA
S. Korea say no more silent camera apps
Police warn of PC ransomware virus
ANALYSIS: Why we need more troops for escalating cyberwar
Letting Down Our Guard With Web Privacy
Saudi Arabia 'may end' Twitter user anonymity
Privacy campaign started against Google Glass

## Systemic breakdown/collapse ##
How high oil prices lead to financial collapse
Walmart Faces the Cost of Cost-Cutting: Empty Shelves
Scientists leaving labs and heading for cubicles
Short of Money, Egypt Sees Crisis on Fuel and Food
"A fuel shortage has helped send food prices soaring. Electricity is blacking out even before the summer. And gas-line gunfights have killed at least five people and wounded dozens over the past two weeks."
Hippie Commune Thrives as Europeans Tire of Chaos
"As Europe's financial woes deepen and depositors increasingly question the safety of their savings, some European citizens are looking to escape their economic troubles by joining an Italian commune, replete with its own monetary, political and economic system."
America's school buildings don't make the grade
"U.S. schools are facing a $271 billion deferred maintenance bill just to bring buildings up to working order, said a U.S. Green Building Council report released this month. That's more than $5,000 per student. Modernizing outdated schools could double that dollar amount, the report said."
How Cyprus Exposed The Fundamental Flaw Of Fractional Reserve Banking

## Japan ##
The Abenomics Farce Continues
Japan's Diet passes 13.2 tril. yen stopgap budget for fiscal 2013
TEPCO compensation begins
Fukushima N-reactors 'likely to remain inert'
Teijin Now Expects Y30bn Net Loss In FY12
Tokyo Gas To Buy 25% Stake in Texas Shale Gas Project
Osaka NPO revealed to be nuclear power propaganda tool
Internet access criminals hit record high in Japan last year
Japan automakers' domestic output down 15.4% year-on-year in Feb.
Households to pay 108-132 yen monthly surcharge for electricity
Govt to ask 2 utilities to cut power rate hikes
Radiation rumors trigger expanding Fukushima vegetable price collapse
Defense report warns against China
GS Yuasa Crisis Deepens With Mitsubishi Car-Battery Fire
Thyroids test normal in Fukushima, says Environment Ministry
Teens taking 'part-time jobs' as runners for fraud rings
More young people committing suicide in face of harsh job market: report
Batteries malfunction in 2 more MMC cars
"Mitsubishi Motors Corp. has discovered two more cases of lithium-ion battery problems in its Outlander PHEV plug-in hybrid vehicles."
Marubeni Targets National Park in Japan for Geothermal
Parents unite to fight day care shortages
Abe strikes energy deal with Mongolia in a bid to curb China's clout

## China ##
China set to become world's largest arms dealer
China to spend $16 billion to tackle Beijing pollution crisis
Foxconn Plant in Peanut Field Shows Labor Eroding China Edge
Layoffs trigger panic among Chinese staff of multinationals
San Francisco Fed: Official China GDP Data is OK
"China's National Bureau of Statistics has supporters in San Francisco. Dallas is another story."
Beijing Bans One-Person Households From Buying Second Homes
Beijing, Shanghai Add to Home Curbs as China Acts to Cool Market

## UK ##
Has the UK finally lost its safe haven status?
Horse meat found in six Edinburgh schools
Monthly savings at a record despite squeeze
Post Office strike hits Britain
Bedroom tax will be costly disaster, says housing chief
Coldest Easter Sunday on record, Met Office confirms

## US ##
Fear becoming a 'bag lady' someday? Many others do, too
"A new survey shows that almost half of American women fear they will become 'bag ladies' some day, and the anxiety ripples across all income groups."
If you're not a member of the new aristocracy, it's quite possible. Suck it up. -- RR
David Stockman: We've Been Lied To, Robbed, And Misled
'We're outgunned': Classified U.S. Navy memo reveals ships costing $37B lack firepower, may not be 'survivable'
How the Monsanto Protection Act snuck into law
Drought Season's Early Start Presages Another Bleak Year
Arizona Lawmakers Advance Bill Allowing Gold and Silver as Money
Not Housing Recovery, But Housing Inflation
US Savings Rate Near Record Low, Per Capita Disposable Income Almost Back To December 2006 Level
New study puts cost of Afghan and Iraq wars at $4 to $6 trillion
Toys 'R' Us cancels IPO
Dell paints a bleak picture of prospects
Top Pentagon thinker bemoans "civilian subjugation to the military."
DoD: $22B Shortfall in Operations and Maintenance
Economic Indicators Ending March on a Down Note
3 Signs That Municipal Bonds Could Be in Trouble
Debt-Slavery for Dummies
284,000 College Graduates Had Minimum-Wage Jobs Last Year
Current U.S. energy policy: Risk management that is worse than ever

And finally…
Neighbor's note spurs 'tacky' lawn display
SWAT Raids Home Over Hydroponic Equipment Purchase, Finds Tomatoes and Squash

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