Tuesday, April 30, 2013


News Links, April 30-May 1, 2013

## Global Ponzi meltdown/House of Cards ##
Greece to cut 15K public employees to secure bailout
As It Gets Its Latest European Lifeline, Life In Greece Is About To Get Even Harder
Bank of Cyprus executes depositor bail-in
"Savers in the Bank of Cyprus took a hit on Sunday as 37.5pc of their uninsured deposits were converted to equity as part of the island's €10bn (£8.4bn) rescue deal."
Cyprus Passes Tough Financial Bailout Package
At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World
German Unemployment Climbs in Sign Economic Recovery Delayed
Eurozone unemployment at record high as inflation drops
IMF: Asia's economy expected to grow 5.75 percent this year
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
"The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix"
Danes as Most-Indebted in World Resist Credit: Mortgages
"Danes, the most indebted people in the world, are losing their appetite for credit. After amassing personal debt equal to almost three times income, mortgage borrowing grew at the slowest pace last quarter  since 2000, the Association of Danish Mortgage Banks said this month."
If banks are this scared of Bitcoin, gold must terrify them
Doomsday? SocGen Predicts S&P to 450, Gold at $10,000
The Alchemists: Three Central Bankers and a World on Fire
Best Buy to quit doing business in Europe
Moody's downgrades Slovenia to 'junk' bond rating

## Gold ##
Gold Rush From Dubai to Turkey Saps Supply as Premiums Jump
Mints, Refineries, Brokerages Out Of Stock - COMEX Gold Inventories Plummet
Perth Mint Demand Highest Since Lehman Brothers, Refines Coins, Bars During Weekend
Dwindling U.S. gold stocks signal surge in physical demand

## Airline Death Spiral ##
More turbulence for LOT
China Eastern Airlines reports operating loss in 1Q2013
SA Express bosses face grilling as loss doubles
Pay more for flight meals, check-in bags
Is U.S. demand for Hawaii on the decline?
Airline Change Fees On the Rise…Again
Asia's March air cargo demand disappoints
Boeing Dreamliner Grounding to Hurt ANA, Japan Airlines Sales

## Fault lines/flashpoints/powder kegs/military/war drums ##
Three car bomb blasts kill 11 in Iraq Shi'ite provinces: sources
Millions in CIA "ghost money" paid to Afghan president's office: New York Times
Netanyahu says Iran hasn't crossed nuclear "red line"
But Israel has. -- RF
Arab League sweetens Mideast peace plan, exposing rift in Israeli government
Thailand receives more Gripen fighters
France to cut 24,000 defence posts by 2019
Taliban marks start of 'monumental' spring offensive with deadly attack
Iraqi army losing hold on north to Sunni and Kurdish forces as troops desert
2 Missiles Fired at Russian Passenger Plane Over Syria
US Defense secretary reiterates protection and security commitments to Japan
New database focuses on China's secretive aid to Africa
Saboteurs target once again Yemen oil industry
550 Marines head to Spain in support of AFRICOM

## Global unrest/mob rule/angry people/torches and pitchforks ##
Greek civil servants protest ahead of parliamentary vote on new austerity measures
Medics Arrive At Guantanamo As Hunger Strikers Increase
China says detains 19, seizes weapons after Xinjiang unrest
Gunmen stage protest outside Libyan justice ministry

## Energy/resources ##
Excluding the US, rest-of-world crude production in 2H2012 was not higher than in 2005
Droughts put U.S. energy supply in peril
Pakistan campaign glosses over dire power crisis (video)
7 Reasons Why Oil Prices Won't Plunge
Faster Drilling, Diminishing Returns in Shale Plays Nationwide?
More effort + dwindling returns = net energy decline. This is why there can't be an economic "recovery." -- RF
Is the Typical NDIC Bakken Tight Oil Well a Sales Pitch?
You can draw your own conclusions, but this does not look very encouraging to me. To arrest decline, the world needs a new Saudi Arabia every two years, and this won't help much. The promise of shale drilling is totally overblown.-- RF
Gazprom sets sights on arctic reserves
Eletropaulo Plans Biggest Brazil Smart Grid to Fight Power Theft
Problems choke India's coal industry
Russia Attempts to Loosen China's Grip on the Global Rare Earth Industry
Swedish Power Price Poised to Gain as Nuclear Outages Double
"The amount of time Sweden's reactors will shut for overhauls this year will almost double, buoying power prices at a time they typically decline as water volumes for generation are near a two-year low."
Saudi embraces U.S. oil boom even as kingdom's output steadies
Saudi oil minister welcomes new U.S. bounty of oil supplies
Insiders doubt Libya's oil push plan
"Libya's getting ready to launch an oil licensing round to boost production but there's skepticism the major African producer will be able to pull it off."
China is Using Up Oil Faster Than We Can Produce It
OECD Study Forecasts Sharply Higher Global Crude Oil Demand
Egypt seeks oil deals to ease shortages
Oslo has a problem: Shortage of garbage to generate power

## Infrastructure scavenging ##
More thieves target storm grates
Richmond metal thieves ripping off storm drains, creating hazard
Electrical cables stolen
Scrappers: Scrounging Metal to Make Ends Meet

## Got food? ##
Michael Pollan: Genetically Modified Foods Offer Consumers "Nothing"
Corn Futures Jump Most Since June on Slow U.S. Seeding
Beyond sanctions, Iran squeezed by higher edible oil costs
Why An Immigration Deal Won't Solve The Farmworker Shortage
Wheat price increases on worsening crop conditions
How to Build a Cheap Raised Garden Bed

## Lifestyle Solutions ##
Survival tips from the Gypsies

## Environment/health ##
Study: More fracking health concerns than previously thought
Taiwan Expands China Travel Advisory To 10th City And Province As H7N9 Bird Flu Spreads
Bee deaths: EU may ban neonicotinoid pesticides
Hospitals see wave of products to fight superbugs; penalties loom if patients catch infections
Human transmission of H7N9 just 1 genetic mutation away: expert
Leak at BP platform could have caused "major accident"
Europe Bans Pesticides In Move To Protect Honey Bees
Fires Burn More Fiercely As Northern Forests Warm
Ocean temperatures highest in 150 years last year
Sandy dumped huge sewage outflow into waters, roads: report
Up, Up and Away! Scientists Anxious as CO2 Levels to Cross 400 PPM
Sex Superbug Could Be 'Worse Than AIDS'

## Intelligence/propaganda/security/internet/cyberwar ##
What Is TPP? Biggest Global Threat to the Internet Since ACTA
Panel seeks to fine tech companies for noncompliance with wiretap orders
"A government task force is preparing legislation that would pressure companies such as Face­book and Google to enable law enforcement officials to intercept online communications as they occur, according to current and former U.S. officials familiar with the effort."
The rise of CCTV surveillance in the US
WSJ: Female DNA found on Boston Marathon bomb
Verizon, large scale cyber espionage from China and much more
Pentagon Using China Satellite for U.S.-Africa Command
New adverts 'could track your eyes' in supermarkets
Cyberattacks on U.S., other banks seen to be mounting

## Systemic breakdown/collapse ##
Austerity is hurting our health, say researchers
"Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday."
More vacant homes mean more squatters, vandalism
Is America in terminal decline after years of global dominance? (BBC video)
As Youth Crime Spikes, Brazil Struggles For Answers

## Japan ##
Japan utilities post $16 bln loss, outlook clouded on reactor restarts
"Japan's biggest regional electricity monopolies posted combined losses of $16 billion for a second year and face more red ink as restarts of their nuclear reactors fall behind schedule and a weaker yen raises costs to import fossil fuels for power generation."
Japan household spending surges as 'Abenomics' gains momentum
Pump! -- RF
TEPCO reports Y685.3 bil loss due to compensation and energy import costs

## China ##
China H7N9 Bird Flu Cases Rise By Five; Four Provinces Report Illnesses In One Day
Shanghai Reports 13th H7N9 Birth Flu Death, Tops Among Chinese Cities
Dongguan shuts down poultry trade amid fears H7N9 has hit southern China

## UK ##
Britain may reverse East of Suez policy with return to military bases in Gulf
"Britain plans to restore a permanent military presence in the Gulf, basing land, air and naval forces in the region, according to a defence think tank with close ties to the armed forces."
UK Gas Hit As Norway Pipeline Supply Cut
The Trouble with Biofuels: Costs and Consequences of Expanding Biofuel Use in the United Kingdom

## US ##
Whitney warns about 'negative feedback loop from hell' in muni market
Investors Face Potential Municipal Bond Armageddon
Standard & Poor's 500 edges above its previous record high; technology stocks lead the way
Bankruptcy hearing under way on coal company's bid to cut pension, health benefits for workers
Consumer spending rises, driven by utility costs
Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009
Fire danger and triple-digit temps hit Arizona
Snow, rain improve SD drought, but deep soil dry
What Happens to Workers Who Drop Out of the Labor Force?
"Whether it's the spouse, the underground economy or the federal government providing the income, there is 'life' after the unemployment checks stop coming. Meanwhile, the 'official' labor participation rate keeps falling."
For the unemployed, no reprieve on budget cuts
Why the Jobs Outlook Just Got a Whole Lot Worse
US Homeownership Rate Drops To 1995 Levels
Hey, what happened to Dubya's "ownership society"? -- RF
Algorithms Replacing Wall Street Analysts, Investors
"Computerized algorithms are quickly replacing single-stock analysts and investors, leading to big changes in the way the stock market will value companies and increasing the chance that software glitches or hack attacks will jeopardize market stability."
Will Bureaucracy Keep The U.S. Drone Industry Grounded?
Pentagon Industrial Base Chief Predicts Pain
Symantec shares plunge, traders see mini 'flash crash'
Tuesday Humor: GM Announces It Is Losing Money On Every Volt Sold, Will Make Up For It With More Losses
Sequester Puts Some Needing Housing Aid 'Back To Square One'
Here We Go Again - Builders Hold Lotteries for Right to Buy a House
Mortgage re-defaults increasing at an 'alarming rate'
Margin Debt Hitting Levels Only Seen ONE Other Time in History!
Top CEOs Paid More than 1,000 Times Average Employees

And finally…
Qatar Covers Nude Statues, Greeks Take Them Back
Hic, Hic, Hic: TV Weatherman Keeps Going Despite Hiccups

Sunday, April 28, 2013


News Links, April 27-29, 2013

## Global Ponzi meltdown/House of Cards ##
Eurozone crisis drying up credit to households: ECB
"Bank lending to private households in the euro area contracted again in March as the region's long-running debt crisis continues to choke demand for credit, data showed on Friday."
Coffers draining, Egypt accelerates search for billions in loans, knocking on world's doors
Greece starts firing civil servants for first time in a century
Greece passes reform law to unlock more EU/IMF rescue loans
Spanish government in new bid to revive economy
Spain revises down its economic forecast
Spain Is Beyond Doomed: The 2 Scariest Unemployment Charts Ever
In France, more than 3.2 million unemployed, a record
China's Credit Bubble: Where Did All the Money Go?
Still stuck on central-bank life support
"Five years after the onset of the global financial crisis, the world economy is in such a chronic condition that the European Central Bank might cut interest rates this week and the Federal Reserve is likely to indicate no let-up in the stimulus it is providing the U.S. economy."
JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low
Gold Buyers Throng Indian Stores for Second Week on Rally
Asia sees gold buying craze, boosts supply from Europe
"Panic Buying" in Asia Leads to "Physical Gold Shortage"
The Spot Price of Precious Metals Is Becoming Irrelevant
POSCO war Zone - Major blow to Indian dreams of POSCO
Fallen Italian nobles turn castles into B&Bs
After Dhaka garment factory collapse, chances for supply chain changes low
Bitcoin's real-world problem: Virtual currency facing bank backlash in Canada

## Airline Death Spiral ##
Hard landing for mainland China airlines
Congress passes plan to ease flight delays
Union threatens Lufthansa with further strikes in wage dispute
United Airlines parent reports loss of $417M
Virgin America introduces in-flight flirting system
FAA says air travel system to be normal Sunday night
After flight delay fix, Obama chides Congress for piecemeal approach to undoing spending cuts
Stop the terror warnings, urges Richard Branson
Pakistan: PIA introduces austerity committee
Economic decline hurts El Paso airport

## Fault lines/flashpoints/powder kegs/military/war drums ##
Maliki: Iraq in crisis as sectarian death toll nears 200
Iraqi forces retake control of Sunni town; death toll rising
With insurgents and weapons on its doorstep, Israel fears 40 years of quiet with Syria ending
U.S. Wary As Qatar Ramps Up Support Of Syrian Rebels
China slams Philippine bid to "legalise" occupation of islands
Chinese military planes flew near disputed isles 40 times in one day
3 Chinese Vessels Sail Around Senkaku Islands
China, India spar over Persian Gulf oil
"China's plan to build a second aircraft carrier and the Indian navy's recent test-firing of a submarine-launched cruise missile should be ringing alarm bells."
Israel builds up its war robot industry
Taliban vow suicide and "insider" attacks in new spring offensive
Bomb damages police station in Libya's Benghazi, no injuries
Militants set off three bombs in Karachi in four days
North Korea 'preparing for large-scale military exercise'

## Global unrest/mob rule/angry people/torches and pitchforks ##
Bangladesh police fire teargas at building collapse demo
"Bangladeshi police fired tear gas and rubber bullets Friday as protestors attacked factories and smashed vehicles during a mass rally by garment workers over the deaths of nearly 300 colleagues."
Portugal: 39th anniversary of revolution turns to austerity protest
Spain protesters clash with police
Israeli army breaks up Palestinian march on Jewish settlement
"Israeli soldiers fired tear gas and rubber bullets to disperse about 500 Palestinian villagers marching toward a Jewish settlement outpost in the occupied West Bank on Friday."
Protesters clash with police near Egypt's presidential palace
Dozens of Cairo students block road in protest at poor services
100 prisoners now on hunger strike at Guantanamo
Large protests in southern Yemen for secession
Angry Post-Quake Protests in China Over Rising Food Prices
Fresh Slovenian protests amid bailout fears
Sudan police break up protest against land sale to Arab investors
Iraq Sunni unrest prompts TV channel licence suspension
Gunmen surround Libyan foreign ministry to push demands
"Gunmen surrounded Libya's Foreign Ministry on Sunday, calling for a ban on officials who worked for deposed dictator Muammar Gaddafi holding senior positions in the new administration."

## Energy/resources ##
Wind power — even without the wind
Making, installing, and maintaining such storage systems present challenges requiring a huge energy investment, and that means a big commitment from society. But our existing infrastructure is already crumbling away. -- RF
Is wind energy's future bladeless?
Chevron Earnings Not a Pretty Picture
Germany's clean energy drive fails to curb dirty brown coal
Greece drops plan to raise power prices from May 1
Land-locked Alberta mulls oil pipeline to Arctic port
Robot-building helps Canadian kids develop skills for high-tech world
But remember, a "high-tech" world is a high-net-energy world, and net energy is in decline. Go ahead and teach your kids robotics, but also make sure they know how to grow food. -- RF
Electricity blackouts return to haunt Maduro
Four Must-See Charts on the Future of the Global Solar Market
Power crisis takes dark turn (Botswana)
52 layoffs planned at Ore. solar plant
Pakistan power crisis looms large over election
Govt. releases Rs. 10 billion to reduce load-shedding (Pakistan)
Renewables push proves challenging for Germany
Gulf of Mexico is Back, and Subsalt is all the Rage
Libya to help ease Egypt crisis with $1.2 bln oil deal
"Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy imports and avoid fuel shortages."
The only true metric of energy abundance: The rate of flow
"Peak Rail" – Has the Crude Shipping Train Left the Station?
Mines are facing winter blackouts (South Africa)

## Got food? ##
Stink bugs: the scientific battle against an insect invasion
Globalization: Chinese demand for foreign baby formula brings unexpected shortage to Europe
Milk Smugglers Top Heroin Courier Arrests in Hong Kong
Practice Organic Cutworm Control to Protect Seedlings
I use the collars and can testify that this method rarely fails. -- RF
Practice Organic Grasshopper Control for a Healthy Garden

## Environment/health ##
Empty nets in Louisiana three years after the spill
Heavy use of herbicide Roundup linked to health dangers-U.S. study
"Heavy use of the world's most popular herbicide, Roundup, could be linked to a range of health problems and diseases, including Parkinson's, infertility and cancers, according to a new study."
Bed Bugs In Taxis?! New Bed Bug Report (Summer Camps and Hospitals, Too)
C.Africa elephant population down 62% in 10 years: NGOs
Invasive snail spreading in Southern California
Study: Healthy fish populations rely on algae
H7N9 more lethal than SARS: medical expert
Saudi Arabia Approves $220 Million of Water, Sewage Works

## Intelligence/propaganda/security/internet/cyberwar ##
Viktor Mayer-Schonberger: 'More data is being collected and stored about each one of us than ever before'
Australian statistics bureau systems hacked
Anonymous attacks website of Spanish parliament as Madrid faces mass protest
Cyberattackers hack into LivingSocial, 50 million customers impacted
Dutchman arrested over huge web attack
They Hack Connected Devices Too, Don't They
Your genetic make up to be stored, without consent, for profit
America Gears Up For Cyber War Offensive
With security eyes focused on airlines, terrorists look to rail, experts say
This is such a pile of reeking BS. The real story is either (a) there is virtually no terrorist threat to the US, or (b) would-be terrorists are the dumbest people on the planet. -- RF
Israeli police head to US to aid in Boston Marathon bombing investigation
Boston police chief wants drones for next year's marathon
Military Grooms New Officers for War in Cyberspace
Will Iran's national internet mean no world wide web?
The great surveillance boom
"In response to security concerns after 9/11, Americans witnessed the growth of a massive domestic security apparatus, fueled by federal largesse. According to Tomdispatch's Mattea Kramer and Chris Heilman, post-9/11 federal spending on homeland security exceeds $790 billion. That's larger than TARP and, when adjusted for inflation, the New Deal."
Authorities seek "persons of interest" in U.S. tied to Boston bombing
"Congressional intelligence leaders said on Sunday that authorities are pursuing "persons of interest" in  the United States in connection with the Boston Marathon bombings, and asked for more help from Russian spy agencies."
Lawmakers Fault U.S. Agencies' Lax Communication on Bomb Suspect
Calm Down … You Are Much More Likely to Be Killed By Boring, Mundane Things than Terrorism

## Systemic breakdown/collapse ##
The Blindingly Obvious Truth About Bottled Water
OK, the author's theory on why Americans are drinking so much bottled water could be a major reason. But I still see problems here. First, a public resource is indeed being turned into a private commodity. Second, transporting these huge quantities of bottled water has big environmental and energy costs. And third, why is it necessary for so many people to take medications like anti-depressants and anti-psycotics? The author writes, "By 1988, nearly 2.5 million prescriptions for Prozac were dispensed in America. In 2002, Prozac prescriptions had increased to more than 33 million. By 2008, antidepressants were the third-most-common prescription drug taken in America." Admittedly, the reasons for this are outside the article's scope, but this is one place to which the bottled-water issue leads. Feeling depressed? -- RF
Doctors slam cost of cancer drugs
"SCORES of global doctors have signed a joint letter decrying the high cost of cancer drugs in the US which can reach $US100,000 ($97,000) a year."

## Japan ##
Look to Japan's aging industrial sprawl for roadblock to Abenomics
An avian flu outbreak in Japan could kill 'Abenomics'
Radioactivity detected in water near Fukushima
Japan puts aside Russia row for sake of economy
The phantoms of Narita Airport: The forgotten warriors in fading green fields
Number of elderly workers in 2012 soared to new record high
"The number of workers aged 60 or above averaged 11.92 million in 2012, setting a record high for the sixth straight year, according to recently released government data."
Japan marks 'return of sovereignty' day
KDDI's data communication service disrupted for 6 hours
Tohoku loses 10% of small businesses
"The number of small- and medium-sized businesses in Iwate, Miyagi and Fukushima prefectures, the three hit hardest by the earthquake and tsunami in March 2011, decreased 10.6 percent in 2012 from 2009, the government said Friday."

## China ##
Hunan province notes first human case of H7N9 bird flu
China H7N9 Bird Flu Cases Keep Rising, Mainland Total Reaches 120
China Premier Asks to Stay on High Alert on H7N9 Bird Flu
China 2.0 Is in Trouble
China's economic recovery hit as profit growth wanes
China's demand for milk sees it become New Zealand's top export market for first time
Milk Smugglers Top Heroin Courier Arrests in Hong Kong
Official: China sends more than 1,400 to prison in crackdown on underground lending
PLA will have more than one aircraft carrier: official
China's Slowing Economy: What You Need to Know
In China, the License Plates Can Cost More Than the Car
China March Industrial Profit Growth Slows Sharply Amid Weak Domestic Demand
China's steel industry barely returns to profits

## UK ##
'Get on and drill' for shale gas say MPs
British newspapers reject press regulation plan, offer alternative
Fifth of Parents Are Forced to Buy Less Food For Their Children Due to Rising Prices
Families wasting £50 a month throwing away food, says minister
Waddington anti-drone protest sets off from Lincoln
Homeless to get shipping containers
Lobster's off as cold snap pushes up prices
British exam papers 'being sent to India to be marked'

## US ##
Earnings - Hope Is Fading
AT&T launches home security, monitoring service in U.S.
Effects of Midwest flooding will be felt for months
Detroit bus system loses $7M in federal funding
Organizers cancel dozens of air shows after federal budget cuts cause military to ground jets
New estimate adds $60 million to Maine budget hole
UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver
Moving Ahead with "Pension Progress"
"Buried in a transportation bill that President Obama signed on July 6, 2012, was a change to make it appear pension plans are better funded than they really are."
Total US Debt To GDP: 105%
Streetfacts #3: Roads Are a Money Losing Proposition
Feds warn Nev. mental hospital over patient 'dumping'
"Federal health regulators have threatened to take away Medicare funding from Nevada's main public psychiatric hospital because it sent patients on one-way bus rides to California and 46 other states during the past five years."
Rush to help airlines, travelers could crack open budget door
"What are we going to do, every time there's a fire we're going to put it out by moving some funds around? That's a shell game."
Chicago's Spot Diesel, Gasoline Rallies on Tight Supply
Texas downpours lead to many water rescue calls
Wealthiest Americans Only Winners in Recovery, Pew Says
Ricin case resembles a Mississippi tall tale
Colleges Join Students in Piling On Debt
Green Desert: California leads nation in power outages

Friday, April 26, 2013


News Links, April 25-26, 2013

## Global Ponzi meltdown/House of Cards ##
Ageing deepens debt-laden Europe's economic woes
Automakers are getting crushed in Europe
ECB says ditching austerity would not help euro zone
Unemployment misery deepens in Spain and Greece
Spain's GDP Contracts at 2% Annualized Rate in First Quarter
Spanish economy collapsing with unemployment rate topping 27%
Spain unemployment hits record high
French unemployment at new high
Former US Treasury Official - Fed Desperate To Stop Collapse
Canada Post 'staring down' billion dollar loss by 2020, report says
Santander bank profits fall 26% to 1.2bn euros
Electrolux 1Q performance hit by European crisis
SocGen Repeats $10,000 Target as Central Banks Buy Gold, ETFs Sell, Indian Dealers Run Out
Gold jumps the most in almost 10 months
Daimler profits down 60 percent as earnings sag in slow European economy
Report lays out plans to reorganize debt-plagued French rail system
The Worldwide Economy Is Fine, But The Sales Reps Are Lazy - Or Something
With the ECB Easing Inevitable, Periphery Yields Hit New Lows
Abu Dhabi ranked among top cities for new malls
"Abu Dhabi has more 800,000 sqm of shopping malls under development, placing the UAE capital among the world's top ten cities in terms of retail space pipeline."
Bangladesh building collapse reminds us of hidden cost of cheap clothes
Egypt's growing black market a sign of economic woes

## Airline Death Spiral ##
Oof! Airline Fees Rise Yet Again: At Least $200 to Change a Flight
Senate mulls competing bills to ease air-travel delays
Failure haunts Berlin ghost airport
Iranian airline SAHA halts operation due to outdated fleet
Cargolux loses out in 2012
"Luxembourg headquartered B747 freighter operator Cargolux International Airlines has reported a net loss of USD35.1 million for financial year 2012."
US Airways CEO Predicts Doomsday and Investors Shrug
"On the company's Q1 earnings call on Tuesday, US Airways CEO Doug Parker predicted massive dislocation for his company – and the industry as a whole – if FAA furloughs remain in place."
Aer Lingus to seek 100 redundancies
Hawaiian Airlines loses $17.1 million in first quarter and trims some routes
United Continental posts 1Q loss
Man kicked off plane for 'being too fat'

## Fault lines/flashpoints/powder kegs/military/war drums ##
China Plans Next Generation of Carriers as Sea Disputes Broaden
"China unveiled plans to build more aircraft carriers after commissioning its first last year, as the country extends its influence amid territorial disputes with neighbors including Japan and Vietnam."
US and France Intervene in Mali To Protect Land and Resource Grabs, Not Because of Al Qeda
China calls Japan-U.S. island drill "provocative"
Japan, China to Hold Talks to Prevent Sea Conflict
Iraq on edge after raid fuels deadly Sunni unrest
How will China React to Gazprom Prospecting in Vietnamese Waters?
IDF shoots down drone off Haifa coast flying from Lebanon
Hezbollah denies sending drone shot by Israel
Israeli army to halt use of white phosphorous
US says Syrian government has twice used chemical weapons, 'red line' Assad told not to cross
U.N. Security Council approves creation of Mali peacekeeping force
Pipeline attack in northern Iraq halts oil exports
"Unknown gunmen bombed a major oil pipeline in northern Iraq, halting the country's oil exports to the port of Ceyhan, south-eastern Mediterranean coast of Turkey, a police source said Thursday."
The US Perpetrates a Boston Bombing Weekly in Pakistan, Yemen & Afghanistan

## Global unrest/mob rule/angry people/torches and pitchforks ##
Deadly clashes in China's Xinjiang
China 'terrorists' trapped police: state media
Tanzania riots over cashew nut payments
Teachers rampage against reforms in Guerrero state, Mexico

## Energy/resources ##
Saudi Arabia's Shale Gas Hopes Dashed Due to Lack of Water
Indonesian Police Warn Against Fuel Hoarding Ahead of Price Hike
Face It: Automakers Relegating EVs To Perpetual Niche Status
Sri Lanka utility to show $355 mln loss although tariffs up -govt
"Sri Lanka's state-run electricity board will show a roughly 45 billion rupee ($355 million) loss in 2013, a government spokesman said, although it has raised tariffs in response to International Monetary Fund (IMF) requests."
Grid battery storage remains elusive
How much are businesses losing due to brownouts (Philippines)
More Transparency Needed to End Kyrgyzstan Energy Crisis
'Peak Fossil Fuels' Is Closer Than You Think: BNEF
This mistaken, misleading, and feel-good Bloomberg article is saying that technology is liberating lots of oil and gas so peak oil won't happen, but renewables will replace them, and — everyone believes — the good times will continue to roll. But in fact, world oil production has hardly changed since 2005, despite vastly increased investment and drilling activity. Thus it's a safe bet that global net energy is declining, especially in view of the marginal profitability of some sources, such as oil sands, and the unprofitability of others, such as shale drilling. Additionally, the industrial infrastructure and fossil fuels are needed to make all that renewable energy equipment (not to mention just about everything else). Don't fall for the propaganda and hoopla. Everything is falling apart because of declining net energy. -- RF
Oil's Big Five Squeezed by Crude Drop as Spending Soars: Energy
Here, also from Bloomberg, is an article showing why peak oil is real. It's exactly as I have pointed out repeatedly: prices must rise to help drillers cover their increasing costs, but at the same time high energy prices are strangling the global economy. Additionally, because of declining net energy, even if more barrels of oil are produced, they don't necessarily translate into more energy for society to use. Savvy people can see where this is leading, and it ain't to a Glorious Technological Greenie Future. -- RF
Gazprom warns Europeans against selling gas to Ukraine
Chevron's Big Foot Deepwater Platform Arrives in Texas
Ice Gas: A Step Closer to Commercial Production
BP predicts growth in global demand for energy resources by a third
Egypt to issue schedule next month for gradual fuel subsidy cuts
Water shortage getting worse in capital (Pakistan)
Switzerland's Government Denies Natural Gas Agreement With Iran
India to get LNG from the U.S.

## Got food? ##
Diesel to Climb as Record Planting Eats at Inventories (US)
"Diesel prices are surging in the U.S. Midwest as farmers prepare to plant a record amount of crops this season, eating into below-average fuel supplies."
Possible diesel shortage could hurt Saskatchewan farmers (Canada)
Farmers warn hundreds will walk off the land (Australia)
"Farmers have warned that hundreds of Wheatbelt grain growers will be lost to the industry by this time next year unless the State Government reconsiders an emergency aid package announced yesterday."
Farmers facing feed shortage crisis (Northern Ireland)
"Farmers, who battled to save their stock during last month's Spring Blizzard, have been hit with a fresh crisis."
Romans cut down on bread as crisis hits
Argentine farming disarray seen to affect output
North Korean Soldiers Drop Weapons To Pick Up Farming Tools
Food shortage at Pretoria hospital
Experts: Zimbabwe Food Reserves Severely Depleted
Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too
Food poisoning on rise in US, survey finds
U.S. GMO food labeling drive has biotech industry biting back
If Climate Change and Population Growth Are Going to Push Food Prices Up by 50%, What Happens When you Add in Peak Oil?
Cucumber Salmonella Outbreak Sickens 73 People In 18 States
Blame the Weather for Rising Corn Prices

## Environment/health ##
Fracking Truck Sets Off Radiation Alarm At Landfill
"A truck carrying drill cuttings from a hydraulic fracturing pad in the Marcellus Shale was rejected by a Pennsylvania landfill Friday after it set off a radiation alarm, according to published reports. The truck was emitting gamma radiation from radium 226 at almost ten times the level permitted at the landfill."
Life in a Real Nuclear Wasteland
"Strange illnesses in one of the most contaminated towns in the world challenge what we think we know about the dangers of radioactivity."
Collapse of Chernobyl nuke plant building attributed to sloppy repair work, aging
Pictures: Extreme Algae Blooms Expanding Worldwide
Poorer nations face an unwanted European import: obesity
WHO: Bird-to-human infections easier with new flu
Taiwan reports first bird flu case outside China
Three Taipei hospital staff show symptoms after H7N9 contact
New bird flu strain 'one of most lethal' influenza viruses
How are humans going to become extinct?
England Prepares Mass-Vaccination for Measles
China's pollution blamed for Japan's dying trees
'Urgent need' to remove space debris
Australian Federal Government to Prevent Fracking Around the Great Barrier Reef

## Intelligence/propaganda/security/internet/cyberwar ##
Boston: Orwell does America
Boston Terror Narrative Starts Falling Apart
Another Boston Bombing Mystery: Who is @Al_FirdausiA?
U.S. had more tips on Boston suspect; Congress asks questions
Planning for Boston Marathon security included bombing scenario
Boston bombs: CIA placed Tamerlan Tsarnaev on main US terrorism watch list
"The main US counterterrorism agency added Tamerlan Tsarnaev to its watch list at the request of the CIA more than a year before the bombings in Boston, it has emerged."
Blaming US-Born Cleric Anwar Al-Awlaki for Inspiring Boston Bombing
NYPD chief: Bombing suspects may have been headed for NYC to party
White Chechens Open New Vistas of Repression in America
Russia warned US of bomber 'multiple times' after FBI interview
Ministry of Truth makes Boston bombing suspect disappear
Dzhokhar Tsarnaev Unarmed At Time Of Boat "Shootout"
`New York City was next': Police say Boston bomb suspects planned to attack Times Square
I'd take this story with a grain of BS. -- RF
Heavy police presence in NY's Times Square
Media Narrative: Witnessing Boston's Mass Casualty Event
FBI's fake website entrapping terrorist wannabe got critics
Australian police arrest senior member of LulzSec hacking group
Analysis: Iran's unlikely al Qaeda ties: fluid, murky and deteriorating
News Summary: Online privacy rules changing (US)
Mandiant: No Drop in Chinese Hacking Despite Talk
"More than two months after computer-security firm Mandiant Corp. accused the Chinese military of using cyberattacks to target U.S. companies, a company official said there has been no change in the large number of Chinese attacks on U.S. companies it has observed."
WikiLeaks wins Visa contractor case, Valitor must lift blockade
Google reports content takedown requests at a record high
Israel Airport Security 'Allowed to Read Tourists' Email'
"Israeli security officials at Ben Gurion airport are legally allowed to demand access to tourists' email accounts and deny them entry if they refuse, the country's top legal official said on Wednesday."
Canada train 'al-Qaeda plot' suspects challenge case

## Systemic breakdown/collapse ##
America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes
It's exactly as I have been saying. And the buildup of entropy is just getting started. -- RF
Ruing our rundown railways (New Zealand)
Making Room: Can Smaller Apartments Help New York City Grow?
Why Finding A TB Test Got Hard
Another chapter in the ongoing saga of drug shortages. -- RF
Greece's Economic Collapse led to Rise in Suicide, Murder Cases

## Japan ##
Fukushima nuclear plant struggling with rat problem
TEPCO shuts down cooling system for spent nuclear fuel pool at Fukushima plant
OECD says Japan should pay down debt
Repairing Japan's Highways To Cost Up To 10 trillion yen
Of course the money will never be found, and highways will just continue to deteriorate. And this is just talking about expressways. Imagine the bill for all other roads. -- RF
Japan to introduce countermeasures against H7N9
Japan court rejects demand to evacuate Fukushima children
Fukushima's 'contaminated' rice still in storage two years on
Japanese Seek Refuge in Bullion as Yen Slumps, Inflation Looms
Japan turns back to coal-fired power plants
Japan consumer prices fall for 5th month in a row
So far the BoJ has a lot of new yen floating around, but little inflation to show for its effort. -- RF

## China ##
Overcrowding on farms behind mystery of China's floating pigs
H7N9 Bird Flu Cases In China Rise To 108; Shandong Province Has First Illness
Too much Ritz: Luxury hotels outstrip demand in China

## UK ##
Britain defies triple-dip recession with 0.3% GDP growth
First Utility to increase price of dual fuel tariff by average of 18.6%
350,000 people now rely on food banks
Disabled face losing homes under benefit cutbacks
A matter of confidence: UK in low spirits as official data may put country back in recession
Number of pupils in private schools drops amid rising fees
Cash-strapped colleges 'axing courses to save money'

## US ##
$2 Trillion Underground Economy May Be Recovery's Savior
Investors Face Potential Municipal Bond Armageddon
"The Securities and Exchange Commission is worried that municipal bankruptcies, combined with an expected spike in interest rates, means that the muni bond market could face "Armageddon," according to a report last week by SEC commissioner Dan Gallagher."
Natural gas price more than doubles from 2012 low
Why Should I Care That No One's Reading Dzhokhar Tsarnaev His Miranda Rights?
Ohio's Roads, Bridges Get Grade of C-
Orders for US long-lasting factory goods fall sharply on drop in aircraft demand
Senate cracks down on social media 'flash mobs'
"After Chicago attacks, Ill. Senate OKs tougher penalties for 'flash mobs' using social media"
"The battlefield is the United States of America"
In Florida, a food-stamp recruiter deals with wrenching choices
As she weighs a presidential bid, Clinton set to cash in
'I'm living cheque by cheque': Chicago retail and fast food workers strike over wages
Waitresses Stuck at $2.13 Hourly Minimum for 22 Years
Fire shows modern cars burn different than old ones
Four years after financial crisis, more cautious banking sector cuts tens of thousands of jobs
Still In The Middle Class, But Standing On A Banana Peel
Fed balance sheet grows to record again in latest week
Urban warfare exercise in Tinley Park frightens some residents
How Ohio's Debtors' Prisons Are Ruining Lives and Costing Communities (PDF)
To Catch Up With E-tail, Tools to Track Shoppers in the Store
The return of the prodigal interest only loan: The appearance of safety is bringing back our favorite mortgages.
10 investing rules for the coming bond crash
Eight Retailers That Will Close the Most Stores
The Rise in Popularity of the AR-15 Among Women

Tuesday, April 23, 2013


News Links, April 23-24, 2013

## Global Ponzi meltdown/House of Cards ##
The global economy is losing steam
Manufacturing data stokes fears of global spring swoon
"Major economies in North America, Europe and Asia lost some momentum this month, business surveys showed on Tuesday, a development that may see central banks intensify efforts to revive a flagging global recovery."
Eurozone manufacturing slows further
Eurozone Debt Levels Reach Record High - Eurostat
Spain's population shrinks as immigrants flee economic crisis
Spanish deficit at 10.6% of GDP: EU data
French Economy Contracts Again
German downturn bodes ill for eurozone
Era of austerity has run its course, EU says
Caterpillar misses, cuts view, but says mining has bottomed
Consumer debt soars in Asia
"Consumer debt in Asia, outside Japan, is soaring, especially in China where there are already 320 million active credit card accounts, data shows."
The ever-expanding debt bubble is essential to prop up the Ponzi economy. -- RF
China Hot Market Without Profit Seen in Pretty Lady Card
And here we can see how the Chinese are being roped into credit card debt. Just charge it! -- RF
Paris Hit by Property Freeze as Taxes Deter Buyers
Feverish buying demolishes gold inventories in Asia
Shortage of gold bars and coins in Dubai, says World Gold Council
Is a Key Pillar of India's Economy in Jeopardy?
"The pullback in private consumption, the bedrock of India's economy that makes up around 60 percent of gross domestic product (GDP), is posing a threat to the country's fledgling recovery, said economists."
A Visual History Of All Asset Bubbles
100% of Egyptians feel price increase and 86% expect another wave soon, reveals TNS study

## Airline Death Spiral ##
Air Canada sees wider operating loss, shares plunge
Passengers face delays of 2 hours or more at some airports due to air traffic staff shortages
Dreamliner set to fly in a week as Boeing fixes battery
Dreamliner: Boeing 'may never find battery fault cause'
Too Early to Tell What Caused 787 Dreamliner Battery Problems: Boeing
Feds delay policy to let passengers carry small knives, bats, other sports equipment on planes
Lufthansa cancels 99% of flights because of daylong strike
Changing Your United Flight? That'll Be $200 (At Least)
Where have all the airlines gone?
Will This New Airline Be an Earnings Juggernaut?
Survey: 40% Of Travelers Would Get Weighed At Airport, Other 60% Just Laugh In Response
Delta Air Lines says gov't spending cuts hurting April revenue; posts small 1Q profit

## Fault lines/flashpoints/powder kegs/military/war drums ##
Hagel: Israel has unilateral right to strike Iran
Hosting U.S. defense chief, Israel hints at patience on Iran
No bunker-buster bomb in Israel's US arms deal
'Jordan opens skies for IAF drones flying to Syria'
China rejects claims its troops entered Indian territory
Japanese nationalists approach disputed islands as tensions rise
Iraqi raid on Sunni protest camp sparks deadly clashes, intensifying fears of wider unrest
First littoral combat ship arrives in Singapore
8 Chinese ships enter Japan waters, tailing nationalists near Senkakus
Japan PM vows to use force to expel any Chinese landing on disputed islands
Japan, U.S. to conduct joint military drill in California

## Global unrest/mob rule/angry people/torches and pitchforks ##
Squid Fishermen Caught in Tentacles of 'Abenomics'

## Energy/resources ##
Europe Faces a Crisis in Energy Costs
S.Africa's Eskom may resort to blackouts this winter
"South African power utility Eskom said it was prepared to introduce rolling blackouts this winter in some parts of the grid to prevent a complete system collapse, which would inflict far greater damage on the economy."
Nigeria hands over electricity assets to 15 private firms
"Nigeria's President Goodluck Jonathan signed deals on Monday handing over state electricity assets to 15 bidding companies, a milestone in a privatisation process meant to end decades of power blackouts."
Norway to Open First New Oil, Gas Acreage Since 1994
"The Norwegian government will propose this week to open the southeastern Barents Sea for oil activity, the Ministry of Petroleum and Energy said Monday, the first new oil acreage in nearly two decades."
Prices blow an ill wind for turbines
"Prices for wind turbines have fallen by a third in the past four years, the US industry association has said, putting pressure on manufacturers' margins even while demand soared."
Solar panel makers aren't the only ones having money problems. Whether fossil fuels or renewables, if you want to dance, you've got to pay the fiddler. But that is bad news for industrial society, which runs on the Free Lunch Principle. -- RF
UK launches sale of uranium enrichment firm Urenco
Egypt says Russia to help revive nuclear programme
Shale Boom is Real Enough
There is no mention that shale drilling is unprofitable. Last I checked, unprofitable enterprises must be subsidized, and that means someone is losing money. The idea is perhaps that eventually those doing the subsidizing will make their money back, but recall that drillers are going for the sweet spots first. Not a good sign. -- RF
North America Seen Sending Record Wood to Europe for Use as Fuel
FPCCI concerned over water shortage in industrial zones (Pakistan)
Protracted impediments hold back power plant expansions (Indonesia)
Oil products: Shortage of gas, fuel hits Libreville (Gabon)
Sunshine Oilsands project cost forecast rises (Canada)
"Changes, inflation, delays add $28M to thermal oilsands project"
Venezuela declares 90-day electricity "emergency"
Slow is scary if France quits nuclear: state institute
"A long slow retreat from nuclear power in France or indecision over policy could be very risky as skilled staff retire and young people reject careers with an uncertain future, the state-funded atomic safety research institute said."
Renewables Investment Seen Tripling Amid Supply Glut
The Landscape of Energy

## Got food? ##
Grain handlers wary of toxin lingering in '12 U.S. corn harvest
Food price hikes raise concerns in Iran
Earth's pollinating insects face risks that threaten world food supply
North Korea Asks Mongolia for Food Aid
Prices of food increase 2.7% globally in 2012
Tanzania: 47 Districts Face Food Shortage
Agricultural Biodiversity in Trouble as Gene Giants Spread Their Reach

## Lifestyle Solutions ##
Want To Forage In Your City? There's A Map For That

## Environment/health ##
Plastic buildup becomes environmental nightmare
Tar Sands Is Worse Than You Can Imagine: Incredible Images You Have to See
Wildlife groups: Chemical killing seabirds in southwest England
Hong Kong virologists: Bird flu cases may be double that reported
Traffic pollution, noise linked to heart diseases: Study
For India's drought-hit states, on-track monsoon may be too late
Radiation from North Korea's Feb. nuke test detected in Japan
The global shortage in health workers is at crisis point
Bedbugs invade hospitals (US)

## Intelligence/propaganda/security/internet/cyberwar ##
State-backed data spies hunt industrial secrets
Boston Search Shines Spotlight On Surveillance Cameras
Seven New Tools That Can Stop a Bomb in a Backpack
Canada thwarts "al Qaeda-supported" passenger train plot
Chechen Terrorists and The Neocons
The 11 Most Mystifying Things the Tsarnaev Brothers Did
Boston Marathon Attacks, Chechnya and Oil – the Hidden U.S. Connection
The Boston Bombings in Context: How the FBI Fosters, Funds and Equips American Terrorists
Facebook to build data center near Des Moines, Iowa
AP Twitter feed hacked -- no attack at White House
Bloomberg Says Interpretation of Constitution Will 'Have to Change' After Boston Bombing
Schwab Website Hit by Cyberattack

## Systemic breakdown/collapse ##
The 10 Fastest Growing Megacities In The World
Many people mistakenly see megacities as vibrant centers of growth and innovation, which appears to be so as long as they are able to maintain the high energy throughput needed to stave off the buildup of entropy. As energy flows decline, however, the increase in entropy (wastes, failing infrastructure, disorder, etc.) will transform "vibrant centers of growth and innovation" into hell. Be seeing you on the other side. -- RF
America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.
'Pakistan State Oil near bankruptcy due to energy debt crisis'
Entering a Resource-Shock World: How Resource Scarcity and Climate Change Could Produce a Global Explosion
The Perennial Shortage Of Engineers
Big Pharma Exit: Who's Fighting the Superbugs?
"A looming shortage of antibiotic drugs threatens to derail efforts to fight the so called superbugs, according to a new report. The Infectious Diseases Society of America, (IDSA) released a study last week stating that with just four of the big pharma firms researching any kind of antibiotics and so few new drugs being developed, the dangers posed by normal bacteria and the superbugs resistant to medicines contribute to a major health hazard to the public."
C.B. infrastructure crumbling fast (Canada)

## Japan ##
Fukushima nuclear cooling system offline for 3rd time in 5 weeks
Claims against Tepco can run long
"The Cabinet endorsed a bill Tuesday that would allow people affected by the Fukushima nuclear crisis to seek damages from Tokyo Electric Power Co. after the statute of limitations runs out after three years."
Fukushima nuclear plant shutdown may take Japan longer than predicted 40 years, warns U.N. agency
Forty hears from now, Japan's economy will have long since been reduced to ruins, and there will be no money to spend on cleaning up this mess. Have a nice nuclear day! -- RF
IAEA: Japan nuclear site cleanup may take more than 40 years, plant needs more reliable system
Japan joins ugly contest with tsunami of money
Kawasaki Heavy, Mitsui Shipbuilding mull merger
S Korea, China blast Japan over Yasukuni visits
MMC to cut domestic capacity by 20%
Panasonic may cut up to 600 jobs
Shimane Prefecture to extend fishing rights around Takeshima
Japanese who work at level of developing nations will be paid similarly
A cool trick which could fuel the global "race to the bottom." -- RF

## China ##
China PMI barely Above Contraction; Chinese Stocks Slump as Manufacturing Slows
China manufacturing expansion slows
China bird flu death toll rises to 22
China Hasn't "Seen This Gold Rush In 20 Years"
China Continues To Pour Money Into Interior Infrastructure
No Tee Time for Japanese Shows Depth of Toyota China Slump: Cars

## UK ##
UK plans privatisation to help cut debt -report
Toddlers becoming so addicted to iPads they require therapy
Street light switch-off saves council £320,000 every year

## US ##
US manufacturing growth worst in six months
U.S. Flash PMI Signals Serious Growth Contraction
I've said again and again that there will be no recovery. Suck it up. -- RF
Emergency unemployment benefits cut after April 28
Arizona Set To Use Gold & Silver As Currency
US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins
Mississippi barge traffic snarled by floods, accidents
Floods to sideline Mississippi River barges at least another week
US hospitals send hundreds of immigrant patients back to home countries to curb cost of care
U.S. States Turn Against Renewable Energy as Gas Plunges
DoD Request Would Redirect $7.5B
"The Pentagon is preparing to ask Congress for permission to shift billions of dollars within its already reduced fiscal 2013 budget primarily to pay for increased war costs, but is still looking for ways to fill a $15 billion operating shortfall."
Oil Boom Raises Electric Rates in Parts of Texas
"Texas is often called the energy capital of America, so it might come as a surprise that the oil and gas boom has substantially driven electric prices up in some parts of the state. And in those same areas, prices are expected to spike again this summer."
U.S. Midwest grid expects to have enough power for summer
Neofeudalism marches on: A Rise in Wealth for the Wealthy; Declines for the Lower 93%
Silicon Valley Wealth Disparity Continues to Grow
Minn. school district gets bulletproof whiteboards
600 New Condo Units Unsold In Greater Downtown Miami As Of Q1 2013
Fitch Warns About Bank Earnings for the Rest of 2013

And finally…
Worst First Day Ever? TV Anchor Fired After Profane Debut
Home for high-fliers: ultimate bird house with own swimming pool

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