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

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