Thursday, April 04, 2013


News Links, April 4, 2013

## Global Ponzi meltdown/House of Cards ##
IMF will contribute 1 billion euros to Cyprus bailout
Cyprus faces "very unfavorable" outlook in near term: Sarris
Asia Soaring Wages Mean Rising Prices Worldwide
EU Financial Transaction Tax Seen Costing Britain $6 Billion
Analysis: Jobless youths could drag on recovery
The article begins by informing us matter-of-factly that "the global economy is recovering." I guess we all have our little fantasies. -- RF
How Europe's bottom 10 economies are scraping by
Turkey's Silver Imports Surge 31% And Gold Imports Climb To 8 Month High

## Airline Death Spiral ##
It's Only April and Already Two Airlines Have Gone Bankrupt in 2013
Cancelling air tickets now a costly affair
Delta Leads Airlines In Dive After Key Metric Misses
US Airways says budget cuts hurt March revenue
Obama Control-Tower Shutdowns Spur Mounting Airport Suits

## Fault lines/flashpoints/powder kegs/military/war drums ##
N. Korea refuses to allow S. Koreans into factory park
U.S. to send missile defenses to Guam over "clear" North Korea danger
Putin gives Russian officials 3 months to close their foreign bank accounts
## Global unrest/mob rule/angry people/torches and pitchforks ##
Spaniards take fight against evictions to politicians' doorsteps

## Energy/resources ##
U.S. fracking helped kill off German solar firms: Bosch
Iran's nuclear program entails huge costs, few benefits: report
You could say the same for nuclear programs in other countries as well. Take Japan, for instance. If all the costs of the Fukushima accident were paid, it would bankrupt more than TEPCO. But that's just the beginning. The true, incalculably high cost of nuclear power will only become evident to most people when grid failure becomes more common. -- RF
Hydropower plants asked to discharge water to mitigate droughts (Vietnam)
Must read: The Myth Of U.S. Energy Independence
"Last week Britain came within days of running out of natural gas until three LNG supertankers arrived from Qatar. Those cargoes were held, waiting to see who would pay the highest price. It was freezing cold in Britain, a pipeline from Belgium went down, and the Brits bid 30% above market for the LNG cargoes to stave off power blackouts, misery and death. Price was no object. They had to have emergency supplies and it's a seller's market."
Lots of meat here. This is a really good read, not to mention very sobering. What you'll read here is shockingly different from the distortions, lies, disinformation, omissions, and other propaganda in the mainstream media. -- RF
Urenco, Areva subsidiary says stops production
"Enrichment Technologies, jointly owned by Areva and Urenco, said it had shut facilities in five countries after two workers died from their injuries in an accident at its Dutch plant last week."
Running out of gas? Thailand struggles to avert energy crunch
"The annual maintenance shutdown of gas fields in Myanmar doesn't normally make headlines in Thailand, but this year shows the failure of Thai electricity generation to keep up with economic growth."
Life comes to standstill as gas, power crises in Faisalabad worsen (Pakistan)
Coping with electricity cuts (Egypt)
"Frequent electricity outage, which is expected according to official statements to increase in summer, has  made high demand on electric generators."
Lights Go Out in Jordan as Energy Crisis Bites
Malls ready for power shortage
"Major shopping malls in both downtown and suburban areas of Bangkok have launched temporary measures to save electricity to deal with the possible energy shortage between April 5 and 14 due to Myanmar's temporary suspension of gas delivery to Thailand."

## Infrastructure scavenging ##
Scrappers taking farm equipment set out for spring planting
Thieves Take Record Amount of Copper in Utah Heist
"The biggest copper heist in Utah memory has stripped more than six miles of wire from a stretch of Salt Lake City highway."
Metal theft from buildings 'annoying and costly'

## Got food? ##
Rice Gains to Highest in a Month as U.S. Farmers Cut Planting
Arab world urged to close food supply gap
Study: China fish catch underreported
Know Your Egg Shed, Part II Egg Production
Mini-Hoop Keeps Seedlings Warm
Food Production and the "New Normal"

## Environment/health ##
How climate change threatens the seas
Shellfish industry slow to recover from Sandy
Wildfires hit Scottish Highlands
Can Synthetic Biology Save Wildlife?
Second CP Rail spill in a week leaks 4 barrels of oil
American Babies Born Right After Fukushima Show Elevated Rate of Abnormalities
Drought forecast: Bad to worse
"Drought conditions in more than half of the United States have slipped into a pattern that climatologists say is uncomfortably similar to the most severe droughts in recent U.S. history, including the 1930s Dust Bowl and the widespread 1950s drought."

## Intelligence/propaganda/security/internet/cyberwar ##
Facebook's Online Speech Rules Keep Users On A Tight Leash
Electronic health records not up to task
Anonymous claims it stole 15,000 user records from North Korea site
Are undersea Internet cables too vulnerable?
Stanford creates biological transistors, the final step towards computers inside living cells
Bank Website Attacks Reach New Highs
Bitcoin plummets amid slowdowns and hacking of service sites

## Systemic breakdown/collapse ##
Entire Montreal Metro Network Hit By Outage
Detroit Fire Trucks Dribble Water as Orr Weighs Costs of Safety

## Japan ##
Japan automakers' China sales struggle drags into 2013
Bonuses hit record low for fourth winter
Plant dust monitoring post alarm issued, Fukushima workers ordered to wear full-face mask

## China ##
China to spend $16 billion to tackle Beijing pollution crisis
China confirms 4 more cases of H7N9 bird flu
Do You Believe China's GDP Numbers?
"Actually, there is no reason to believe any GDP numbers."
Senkaku row prompts China to demand postponement of summit with Japan, South Korea: sources

## UK ##
Number of Britons on 'zero hours' contracts hits record high
March weather was second coldest on record - Met Office
The first deskbound drone pilots get their RAF wings
Heathrow noise 'to blight lives of millions more Londoners' 
Diesel supply risk for fleets
'Cost of power may force jobs overseas'
Heating oil in Northern Ireland 'up by 60% in three years'
Power back on at Leeds train station after all-day blackout

## US ##
Apartment vacancy rate falls to lowest level since 2001
Service sector weakest growth in seven months in March: ISM
Federal workers say hiring situation worse
Obama administration pushes banks to make home loans to people with weaker credit
Auto Lending Bubble Inflates, And the Fed May Be Responsible
Bullard Says Fed 'Full Steam Ahead' With Bond Purchases
Stockman: There are Bubbles All Over, Hide in Cash
Budget Deficit Exploding Out of Control -John Williams
Big correction dead ahead
ADP, other disappointing data raise specter of spring U.S. slowdown
Hagel Outlines Impending Defense Cuts

And finally…
Goat screams like human, police sent to investigate
HILARIOUS: Women take Joe Biden's shotgun advice (video)

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