Monday, April 15, 2013


News Links, April 16, 2013

## Global Ponzi meltdown/House of Cards ##
World Bank cuts East Asia growth estimate; welcomes BOJ stimulus
'Really there is a recession right now': Canadians lose faith in economic 'miracle' amid prolonged slowdown
Canadian Households May Face More Deleveraging
There Is Absolutely No Physical Gold For Sale
What Smarter Minds Than Mine Think About Gold
Miners Fight for Right to Vacuum Up Gold in Rivers
Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling And Unfounded Panic
From Bad To Worse - European Non-Performing Loans In Context
Beyond the ghost town (Spain)
The commodity super cycle: Citi declares it has come to an end
France eyes 4.2 billion euros from utilities stake sales
Egypt to ask Russia for oil, gas, grain silo help

## Airline Death Spiral ##
Boeing 737 Problem Extends String of Aircraft Dangers
"Boeing Co. 737 aircraft need to go through an inspection process. That process includes about 1,000 planes. And the problem is serious, which means the aerospace company faces another black eye due to what appears to be design problems. This time, the issue is very serious."
PIA losses fly like a balloon hitting the sky

## Fault lines/flashpoints/powder kegs/military/war drums ##
Iraq: At least 27 killed, over 100 wounded in string of attacks across country
Western cuts bring down global military spending in 2012, but outlays surge in Russia, China
Opium crop in Afghanistan heading for record levels
Nigeria's MEND Issues Threat to Bomb Mosques, Kill Clerics
Turkey Blocks NATO Meeting With Israel

## Energy/resources ##
A new Fukushima in the making? South India's Kudankulam!
"The Kudankulam Nuclear Power plant in the southernmost tip of India has been contentious for years, but now a senior scientist alleges that the use of inferior building materials poses a real threat to its safety."
Huge Power Ship Helps Lebanon Avoid Blackouts
Plans stall on Iraqi pipeline to Egypt
"There are no plans to build an oil pipeline from Iraq to Egypt, a statement from the Iraqi Embassy in Cairo said."
Germany subsidises cheap electricity for its neighbours
Clean Energy Investment Falls 22% as Subsidy Cuts Stall Projects
South Korea resumes Iranian natural gas liquid imports, customs data shows
As I have long observed, someone, somewhere will need Iranian oil and gas. -- RF
Companies abandon search for oil in Cuba's deep waters
Indonesia's oil output misses 1Q target
Gulf OPEC oil producers see no need to trim output
Suncor Sells Western Canada Assets for $1 Billion
Jim Rogers Says Investing in Water to Make Some 'Extremely Rich'
Residents of capital facing water shortage (Pakistan)
Thailand dodges power blackout
Global overcapacity to squeeze oil refining margins
"Too many countries are net exporters of refined oil products and those that are not harbor ambitions to become exporters. Yet too much refining capacity is already being added worldwide and too little is being retired. That spells trouble for refinery profitability until low returns trigger more closures."

## God food? ##
Hungry for Change: Transitioning to Local Food Supplies

## Environment/health ##
Coal and cattle lead business damage to nature-study
It started with a cough: Deadly China bird flu outbreak raises fears of pandemic
Bird Flu H7N9 Spreads Throughout China, Evidence It May Pass Person-To-Person
How Exercise And Other Activities Beat Back Dementia
USGS sounds sea-level alarm for Pacific
"New computer modeling indicates low-lying Pacific Islands may be underwater sooner than expected, the U.S. Geological Survey finds."
20 years later, Fort Gillem contamination still spreading

## Japan ##
Japan Considering 21 New Geothermal Plants
LNG consumption surges in 2012
IAEA reviewing cleanup at damaged Fukushima nuke plant
Tepco clueless on leaking cisterns

## China ##
China 1Q Power Consumption up 4.3% on Year - Xinhua
China growth risks in focus as first quarter data falls short

## UK ##
Biofuels: 'Irrational' and 'worse than fossil fuels'
Almost One in Five U.K. Companies Favor Leaving EU
England is drifting towards grave civil unrest

## US ##
U.S. ranks near bottom of UNICEF report on child well-being
Two Explosions Rock Boston Marathon Finish Line; At Least 2 Dead, Dozens Injured
U.S. Military Discussing Boston Bombing
US Households On Foodstamps Hit Record High
USDA Refuses to Release Food Stamp Profits Details
Homebuilder Confidence in U.S. Unexpectedly Dropped in April
Dow Has Worst Day This Year as Commodities Plunge
Foreign Demand for U.S. Financial Assets Plunged in February

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