Monday, April 01, 2013


News Links, April 2, 2013

## Global Ponzi meltdown/House of Cards ##
Europe Back To 19th Century Growth Rates
Shares dive with losses up for Gulf Navigation
"Gulf Navigation shares plummeted yesterday after it reported a doubling of annual losses and the company's auditors warned that its future depends upon the willingness of its lenders to keep it afloat."
In the euro zone, a new nightmare: Cyprus-style haircuts
List Released With 132 Names Who Pulled Cyprus Deposits Ahead Of "Confiscation Day"
For Cyprus, The Pain Is Only Just Starting
The value of Bitcoin surpasses $1 billion
India March Manufacturing Growth Slowest in 16 Months
Russian Railways Sees 4.1% Drop In 1Q Cargo Loading
Russia sees slower manufacturing growth
For Malaysians, a monthly juggle to escape credit card debt trap

## Airline Death Spiral ##
Tips from a travel expert: The 7 most ridiculous airline charges
Salary cuts on Air India radar
Boeing 787 takes off on another test flight, not key battery certification trip
Armenia's Armavia airline starts bankruptcy proceedings

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. F-22 stealth jets join South Korea drills amid saber-rattling
US Parks Destroyer Off Korean Coast as Rhetoric Worsens
Gunmen attack Iraq's Akkas gasfield, three workers killed
Suicide bomber in fuel truck kills nine in Iraq's Tikrit
Mexican cartels dispatch trusted agents to live and work deep inside United States
"Mexican drug cartels whose operatives once rarely ventured beyond the U.S. border are dispatching some of their most trusted agents to live and work deep inside the United States - an emboldened presence that experts believe is meant to tighten their grip on the world's most lucrative narcotics market and maximize profits."
Pirates 'kill fishermen' off Bangladesh
Turkey gold exports to Tehran resume
"Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter US sanctions, though at levels below last year's peaks."
Israel: Too few Iron Domes, cities exposed
Air Force Wants New Energy Weapons to Cause Non-Lethal 'Bioeffects'
Afghan Teen Stabbed US Soldier to Death, Escaped
"Today's revelations are a stark change from the Pentagon's initial statement on the matter, which claimed he was killed in combat with 'enemy forces.'"

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands Protest the UK Government's Brutal Austerity
Thousands of Moroccans protest to topple Islamist-led government
Campaign rally derailed by shale gas protesters (Canada)

## Energy/resources ##
Massive power outage hits Jamaica
Jakarta braces for 5-day rolling blackouts
Total Dumps Canadian Oil Sands Project for $1.65bn Loss
"Total would have had to spend another $5 billion (at least) on the Alberta oil sands Voyageur Upgrader project over the next five years—an investment that cannot be justified according to its executives."
Turkey sees big jump in Iran crude imports
Oil: Amazon Rainforest Up for Auction
No gas, please: Australia shale hunters focus on oil
Chesapeake Energy will be on budget this year: CEO
Egypt lifts cooking gas price before IMF visit
Caribbean Nations Search for Oil Amid Spill Fears
Gas lines in Egypt are hours long (video)
Energy crunch (Bangladesh)
Power shortage costs 2 lakh jobs as 6k units down shutters (India)

## Infrastructure scavenging ##
Copper theft: a worldwide, and sometimes lethal, epidemic
Storm drain grates go missing, create safety hazard (US)

## Got food? ##
Effects of drought reach checkout lines
Climate change to affect Mekong production
"Climate change will have a significant impact on major industrial and food crops in the Lower Mekong basin countries of Cambodia, Laos, Thailand and Vietnam, says a new study."

## Environment/health ##
Natural gas extraction causing frequent quakes, property damage in northern Netherlands
More Evidence Shows Drilling Causes Earthquakes
Sick of the cold? Chill March sees return of norovirus (UK)
Eastern Pa. cave's bat population plummets
Crude oil leaks in Arkansas suburb after ExxonMobil pipeline ruptures
Exxon Arkansas Spill Raises Scrutiny of Keystone Pipeline
Dust from Chinese storm reaches central California
Streams stressed by pharmaceutical pollution
Scientists say huge algae blooms may become common on Lake Erie unless farm practices change
Mutating Gonorrhea and 'Superbugs' Coming Soon to a Town Near You?
Bee colony collapse disorder on the rise

## Intelligence/propaganda/security/internet/cyberwar ##
Saudi Arabia threatens to ban Skype, WhatsApp, and Viber
"Reminiscent of the 2010 BlackBerry ban, the Saudi government says that these messaging apps are not in accordance with the country's rules, which allow for monitoring."
Washington Post Agreed To Withhold Acting Clandestine Service Chief's Name At CIA's Request
FEMA suggests improving suspicious activity reporting
Security Fears Give Way to Economics as Cloud Computing Grows

## Systemic breakdown/collapse ##
Lower ore grades, high energy prices squeeze copper giant Codelco
"Chile's Codelco, the world's largest copper producer, saw its income squeezed in 2012 by falling ore grades, a drop in metals prices and soaring energy prices, the state-owned mining company said Thursday in annual results."
Here, in a nutshell, is what will cause industrial civilization to hit the skids. -- RF
'Sky high' energy costs crippling business says MLA
Terminal capitalism / Part 1
David Stockman warns of economic collapse, critics cry 'cranky old man'

## Japan ##
Japan's Domestic Auto Sales Fall 15.6% in March
No-go zone designation lifted for Fukushima town
61,000 Bq/Kg from wild boar meat in Fukushima, the highest reading ever
TEPCO says it needs to cut Y100 bil in costs to stay afloat
Sharp looking to sell TV factory in Poland
Water temperatures on the rise across Japan

## China ##
New bird flu strand could be linked to dead pigs in Shanghai river: expert
Economists React: China Manufacturing Picks Up in March
Agricultural sector suffers losses
Hong Kong Businesses Vanish as Rents Soar: Real Estate

## UK ##
Commodities: Britain's gas storage shortcomings exposed by energy price fears
Snow impact on Wales farmers 'urgent'
"The Welsh government says dealing with the impact of a devastating March snowstorm on livestock farmers has been elevated to an 'urgent priority.'"
Britain's Osborne defends welfare cuts after church attacks
"Britain's government on Monday defended a raft of new welfare spending cuts, a key plank of efforts to rein in spending as the economy flounders, after church leaders attacked the changes as unjust."
Middle-class workers bear brunt of austerity
Minimum wage could be frozen or cut if it starts to cost jobs or damage economy, Government suggests
Cost of posting parcels to rise

## US ##
Almost a Fifth of U.S. Economy Moves Underground
Low-Income Housing Hit Hardest By Superstorm Sandy
The incredible shrinking stock market
Bubble bigger than housing about to pop
Accident at Arkansas nuclear site kills man
Court ruling makes Stockton, Calif., the most populous city in nation to enter bankruptcy
Detroit, Stockton and Bankruptcy of America's Cities
"Cities may start to use bankruptcy as a tool to skirt obligations the way that airlines have for decades and car companies have done more recently."
California Now Has Negative Net Worth of $127.2 Billion
U.S. highways have seen 19 pileups so far in 2013
Walmart U.S. offers gasoline discount to woo shoppers
Cooling factory activity hints at slowing economy
High alert amid inquiry into Texas prosecutor's killing
FHA loan guarantees now amount to $1.1 trillion
America's most common job: Retail salesperson
Help shrinks as poverty spikes in the US

And finally...
German flea circus hit by freeze
Study shows Shakespeare as ruthless businessman
Ha! The Rubber Chicken Economy Is Booming
"The Cost of Laughing Index, which includes everything from rubber-chicken prices to comedy-club admission, rose 1.7 percent in 2013 from a year ago, according to Malcom Kushner, a lawyer-turned-humor consultant who compiles the index."

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