Sunday, April 07, 2013


News Links, April 7-8, 2013

## Global Ponzi meltdown/House of Cards ##
Canada sheds 54,500 jobs, the worst loss in more than four years
Pop! Signs of a Canadian housing downturn are everywhere
China Local Debt May Top Estimates, Former Minister Says
"Local Chinese governments may have more than 20 trillion yuan ($3.2 trillion) of debt, exceeding the official estimates, former Finance Minister Xiang Huaicheng said at the Boao Forum for Asia."
Net Short Euro Position Jumped 33% in Past Week
Netherlands, the Next Chip to Fall?
Silver retains appeal as bank deposit safety challenged
Study suggest Mexican labor costs have fallen below Chinese levels
Italy to pay 40 billion euros of state debt to companies
Why Bitcoin scares banks and governments
BoJ policy welcome for world growth: IMF's Lagarde
Portugal Considers Paying Workers in T-Bills to Circumvent Court Ruling that Austerity Measure are Unconstitutional
Portugal Plans More Spending Cuts After Court Ruling on Salaries
Sinclair - Stunning Shift In US Government & Fed Gold Policy
Largest Dutch bank defaults on physical gold deliveries to customers
The market farce is ending
"Friday's jobs numbers reveal that, despite unprecedented money printing from global central banks, the real economy continues to stall."

## Airline Death Spiral ##
German prowess called into question with Berlin's troubled airport, other botched projects
At United Airlines, Is Polite Disagreement Becoming Grounds For Removal From A Flight?

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan to order shooting down of North Korea missile: Reports
U.S. may deploy surveillance aircraft in Japan due to N. Korea threat
"Japan's defense chief said Saturday the United States is considering deploying Global Hawk unmanned high-altitude reconnaissance aircraft at a military base in Japan to enhance surveillance over North Korea."
Yet More Power for the Global 1 Percent
Suicide bomber kills 22 in Iraq election attack
EU foreign policy chief: Nuclear talks with Iran fail to reach an agreement
China to open disputed Paracel islands to tourism
Hamas reportedly training rebels, fighting to oust Assad
Netanyahu: Israel may act alone on Iran

## Global unrest/mob rule/angry people/torches and pitchforks ##
Civil servants' strike signals start of guerrilla war, says union (UK)
Egyptian police fire tear gas to disperse Cairo protest
Demonstrators protest in San Diego against use of drones

## Energy/resources ##
No useable oil in disputed areas: US
"An authoritative new report on likely oil and gas reserves in the heavily disputed regions of the South China has concluded that there probably aren't any."
The Death of Peak Oil [Is Greatly Exaggerated]
"Perhaps it's the case that Saudi Arabia isn't willing to maintain its previous production levels, or perhaps it's the case that Saudi Arabia isn't able to maintain its previous production levels. But whatever the explanation, this much I'm sure about: those who assured us that Saudi production was going to continue to increase from its levels in 2005 are the ones who so far have proved to be dead wrong."
Must read: Aging giant oil fields, not new discoveries are the key to future oil supply
"With all the talk about new oil discoveries around the world and new techniques for extracting oil in such places as North Dakota and Texas, it would be easy to miss the main action in the oil supply story: Aging giant fields produce more than half of global oil supply and are already declining as group."
Base Metals: Temporary supply shortage may prevail in 2Q 2013, says Barclays
OPEC chief says happy with current oil price
Kyrgyzstan to cut down on electric power exports to Kazakhstan in 2013
NTPC vs Coal India: Eastern, Northern grids face blackout as CIL cuts off coal supply
Weekly Energy Update: Is the Renewable Energy Sector in Retreat
Shell Selling Its Last Australian Refinery
Syria oil industry buckling under rebel gains
Brazil faces looming transport fuel shortage
"Brazil, which has long prided itself on achieving energy independence, will be unable to meet its domestic light vehicle demand for fuel as soon as 2017 if recent trends continue."
Low hydro lakes could spell tough winter (NZ)
Fracking Industry Loses $1.5 Billion in Gas Leaks Each Year
Iran to Boost Gas Exports in Efforts to Cut Oil Sales Reliance

## Infrastructure scavenging ##
Thefts of stone across district result in few charges (UK)
"More than 600 thefts of Yorkshire stone have been recorded across Bradford district in three years"

## Got food? ##
World food prices still close to record high
"The World Bank has just released its latest statistics on global food prices. The message, although determinedly optimistic, is still one that depicts shocking price increases for a large part of the world."
Crops suffer in spring cold snap (UK)
IKEA halts moose lasagne sales after pork traces found
Netherlands: Meatballs may have dog meat
The Four Steps Required to Keep Monsanto OUT of Your Garden
Zambia: Looming Hunger Prompts Minister to Calm Citizens
Waistline Index Grows as Emerging Markets Eat Fast Food

## Environment/health ##
Oil spill keeping Ark. residents from homes indefinitely
Photos: China's New Bird Flu Battle
The New Bird Flu: How Dangerous Is Avian Flu H7N9?
Sahara went from green to desert in a flash
Glimmer of hope as dark skies allow more to see the stars
Explosion Possible at the Most Contaminated Nuclear Site in the US

## Intelligence/propaganda/security/internet/cyberwar ##
Cyberattacks -- Is North Korea Already At War With Us?
Facebook Home isn't where your privacy is
Radar shows U.S. border security gaps
"A sophisticated airborne radar system developed to track Taliban fighters planting roadside bombs in Afghanistan has found a new use along the U.S. border with Mexico, where it has revealed gaps in security."
Drone maker AeroVironment sputters as defense spending dries up
New York Times Story Details Secret U.S. Drone Deal in Pakistan
The ATF Wants 'Massive' Online Database to Find Out Who Your Friends Are
IRS High-Tech Tools Track Your Digital Footprints
Hackers Interrupt Israeli Websites in Protest for Palestinians
13 ways through a firewall: What you don't know can hurt you (technical)
Apple's iMessage is the DEA's worst nightmare
"Apple's seemingly innocuous iMessage app is giving the U.S. Drug Enforcement Agency endless amounts of grief, because law enforcement is not able to trace and track text message conversations sent via Apple's service. An internal document obtained by CNet reveals that the DEA sees iMessage as 'a challenge for DEA intercept.'"

## Japan ##
Japan's Fukushima nuclear plant leaking contaminated water
"As much as 120 tons of radioactive water may have leaked from a storage tank at Japan's crippled Fukushima nuclear plant, contaminating the surrounding ground, Tokyo Electric Power Co said on Saturday."
Japan's Fukushima nuclear plant finds second tank leak
Radiation levels rise near leaky tank at Fukushima N-plant
Fukushima storage problems escalate
Spent nuclear fuel reprocessing costs nearly triples, a blow to utilities
Nuclear power — too cheap to meter! -- RF
Crippled Japan nuke plant moving radioactive water due to leak fears amid storage shortage
Tokyo and US conspire to remove small town mayor opposed to US plans of building nearby military base.
Kyle Bass: "Japanese Retirees Will Lose Up To Half Of Their Life Savings"

## China ##
China bird flu virus found in more markets in Shanghai
H7N9 infections rises to 18 as Nanjing bans live poultry trade
Hangzhou suspends live poultry trade after H7N9 virus detected
China's big banks "faking" their micro loans: researcher
"China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans, a researcher said on Saturday, suggesting a government drive to increase micro-lending is struggling."
"Livid" Top Chinese Economists Call BOJ Decision "Monetary Blackmail", Demand "Currency War" Retaliation
China's Trina Solar eyes return to profit in H2
Demolitions, land grabs frustrate Chinese

## UK ##
Britain running out of wheat as cold weather crisis hits farmers
"Britain will be forced to become a net importer of wheat for the first time in a decade this year, after the recent bitter weather devastated crops."
Food Prices Set To Soar After Big Freeze
Shale gas 'could heat all homes for 100 years'
Depends on how much you want to pay to heat your home. -- RF
Government bans companies from charging 'rip-off' card fees
Millions will answer call for general strike, says union boss
Fuel Consumption has Fallen more than 20% in the UK Due to High Oil Prices
Cost of sending a first class letter 'to hit £1 within a few years'

## US ##
CPI Corp., Which Ran Photo Studios At Sears, Wal-Mart, Shutters All Locations
Retail Employment Slumps Most in Year as Stores Cut Back
As cities lay off police, frustrated neighborhoods turn to private cops
"With cities cutting their police to balance budgets, some well-to-do neighborhoods are hiring private security, marking an expansion of unarmed guards beyond office parks and gated communities."
Here is another development in the advance of neofeudalism. The New Aristocracy will have their private guards, while the hoi polloi fend for themselves. Hey, maybe that's why Biden is telling us to get shotguns. -- RF
Caterpillar Laying Off 460 Workers at Illinois Plant
Dropouts: Discouraged Americans are giving up the job hunt for school, retirement, disability
U.S. Job Growth Slows As Jobless Face Benefit Cuts
Sequester Pinches Long-Term Unemployed Even More
Budget cuts ripple beyond defense to travel, tech
Millionaires Got $80 Million in Jobless Aid in Recession
"The U.S. government paid almost $80 million in unemployment benefits during the worst of the economic downturn to households that made more than $1 million, including a record $29.9 million in 2010, tax records show."
Vanishing workforce weighs on growth
Water fees set to help curb usage in shortage (Maui)
States look to tax guns, ammo
America's Most Dispersed Power System (diesel-powered generators)
"The dispersed energy revolution has begun and, at least in the Big Apple, it is dirty, expensive and ineffective."
Commercial real estate's fearsome future
U.S. Energy Boom Won't Change Anything
Critical Warning No. 13: Stockman's 'Apocalypse'

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