Sunday, May 12, 2013

 

News Links, May 11-13, 2013

## Global Ponzi meltdown/House of Cards ##
Read Between the Lines: IMF Admits Spain is Bankrupt; Get Your Money Out While You Can
Central Banks Keep Easing After Cuts Fail to Spur Growth
Vietnam Cuts Interest Rates as Global Monetary Easing Spreads
Mexico Industry Output Falls Three Times More Than Forecast
Huge Bubble in India Home Prices Ready to Burst
Slovenia self-inflicts austerity plan to avoid bailout
Gross Says Bond Bull Market Probably Ended April 29
France Suffers 'Adjustment Fatigue' on Austerity, Moscovici Says
German Export Machine Hits Skids; Imbalances Intensify: Exports Drop 4.2% YoY, Imports Drop 6.9% YoY
Amplats plans 6,000 job cuts in South Africa
Venezuela inflation nears 30 percent
Argentina's Modest Proposal: Buy Bonds Or Go To Jail
It's not just stocks; everything is overvalued
Except for gold. -- RF
Peak gold: The hidden crisis in the gold business

## Airline Death Spiral ##
'No sacred cows': Air Canada to cut costs, freeze hiring
Air Canada, WestJet downgraded on competition, economy
IAG losses widen as Iberia's problems wipe out progress at British Airways
Iberia struggling with turnaround
Smaller airports have fewer departures, seats as airlines become more profitable
Here again we can see that the airline industry is literally downsizing itself into profitability. -- RF
U.S. cancels plan to close control towers at smaller airports
The Navigator: Fee-happy airlines raise the bar again
Middle East airlines may need 2,370 new planes over 20 years
SRQ airport departures plummet 38 percent in 6 years
International Consolidated Airlines Q1 Loss Widens
US airlines increase change fees as corporate demand softens.
SriLankan air taxi grounded as a loss, flies anew with Cinnamon Air
European airlines give way to Asian competitors

## Fault lines/flashpoints/powder kegs/military/war drums ##
Taiwan protests to Philippines after fisherman shot
"Taiwan has demanded an explanation and apology from the Philippines after a fisherman was shot and killed in disputed waters."
Police stations bombed, British embassy cuts Libya staff
Hackers, Makers, and Tinkerers: Here's How TPP Would Hurt You
U.S. Recognizes Japan's Sovereignty over Okinawa: Official
Iran unveils new attack drone
Rafsanjani's last-minute entry transforms Iranian race
New laser gun put to the weather test
Turkey calls for US to enforce Syria no-fly zone
Car bombs kill 43 in Turkey near Syrian border
U.S. Currently Fighting 74 Different Wars … That It Will Publicly Admit
China's Military Build-up Continues: Pentagon
"China is boosting its investments in missiles, drones and cyber warfare as part of a plan to deter the U.S. and other countries from intervening in the region, according to a new report from the Defense Department."
Mind-blowing Map of World Population
China set to test first jet-powered stealth drone, Lijian
Number of casualties from north Tikrit explosion increased up to 15 killed, 22 wounded (Iraq)
Photos from Guantanamo's force-feeding facilities

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands of Israelis take to the streets to protest austerity measures
Fast-food workers stage walkouts over wages (US)
"Fast-food workers and labor activists staged sporadic walkouts and protests at various chain eateries in Friday as part of an organized nationwide protest to gain better wages and working conditions."
China battery plant protest gives voice to rising anger over pollution
'Kill the Syrians': Turkish mobs search out civil war refugees after devastating car bomb
Greece: Civil mobilization order to teachers ahead of strike

## Energy/resources ##
Shale Bust: North America Natural Gas Production set to Seriously Decline
"All of the easy fruit has been picked."
Natural Gas Rig Count in U.S. Drops to 350, Baker Hughes Says
"The number of gas rigs in the U.S. declined by four this week to 350, according to Baker Hughes Inc. It's the lowest total since June 1995."
The solar paradox: boom, bust or both?
Kofi Annan: Africa plundered by secret mining deals
Electric energy requirement for 13 Indian mega cities estimated at 168 billion units by 2017
Panama Canal Cuts Water Use as Drought Prompts Energy Rationing
Availability of oil in the long term is dubious, as oil prices could in fact retreat, helping the tanker market
Peak Oil Revisited - Oil Limits Are Now Debt Limits
EU Said to Plan Duties Up to 67.9% on China Solar Panels
Solar thermal chief predicts third year of recession
"Europe's solar thermal industry is bracing itself for another cold economic year, as consolidation in the building and solar energy sectors continues to hit new energy-efficient housing construction."
Electricity rates to go up (Taiwan)
Coking Coal Contracts Seen Slipping to Record Low, Survey Shows

## Infrastructure scavenging ##
Metal thefts on the rise nationally, locally

## Got food? ##
How China Will Eat Your Lunch
"China is going to eat your lunch. They're going to make your food more costly to produce. They're going to make water more scarce."
Florida citrus industry plagued by disease with no known cure
The Plight of the Honeybee
Europe's other potentially toxic food: salmon
Cambridge-based scientists develop 'superwheat'
"The Cambridge-based National Institute of Agricultural Botany has combined an ancient ancestor of wheat with a modern variety to produce a new strain."

## Lifestyle Solutions ##
Financial Security Ceases to Exist: Good for Low-Energy Survival on a Changing Planet
Eco-friendly green burials catching on in the U.S.

## Environment/health ##
Modern life causing dementia earlier, study finds
"Modern life is causing people to suffer dementia earlier than ever before, a study has found, with PCs, mobile phones, chemicals and electronic devices to blame."
Greenhouse Gases Hit Threshold Unseen in 3 Million Years
Google Earth Engine unveils how Earth has altered
Saudi reports two more cases of new coronavirus
WHO says new coronavirus may be passed person to person
France confirms 2nd case of SARS-related virus

## Intelligence/propaganda/security/internet/cyberwar ##
White House Denies Any 'Substantive' Edits To Benghazi Memo
U.S. Kicks Drug-War Habit, Makes Peace With Afghan Poppies
But there never was a real war with the poppies; the world is too dependent on the money they generate. -- RF
America's Roads Have Been Turned Into A Revenue Generating Surveillance Grid
Japan, U.S. to Boost Cooperation to Fight Cyberattacks
Ministry cyber-attack plot thickens / U.S.-Foreign Ministry files thought leaked (Japan)
Big retailers are tracking your phone's Wi-Fi signal
Apple deluged by police demands to decrypt iPhones
"ATF says no law enforcement agency could unlock a defendant's iPhone, but Apple can "bypass the security software" if it chooses. Apple has created a police waiting list because of high demand."
Experts Marvel At How Cyber Thieves Stole $45 Million
Law enforcement agencies grappling with spike in multi-million-dollar cyber scams
Shady Companies With Ties to Israel Wiretap the U.S. for the NSA
US cyberwar strategy stokes fear of blowback

## Systemic breakdown/collapse ##
GDP will make a generation of Americans miserable
"GDP is one of the economics profession's worst myths (the other, perpetual growth)."
Sword of division is poised over Iraq
"Polarized political leaders openly discuss the threat of more bloodshed between Sunnis and Shiites and the eventual breakup of the country."

## Japan ##
Fukushima closes 2 parking lots for emergency decontamination work
Terrorist drill held for Fukushima nuclear plant
Japan is 'adding a Ponzi scheme to a Ponzi scheme'
Expect a Spike in Long-Term Japanese Interest Rates; Currency Crisis Just Around the Corner
Sharp to cut another 5,000 jobs as part of restructuring
5 suffer heatstroke as temperatures fluctuate across Japan
Japan's current account surplus plummets to smallest amount ever
Universities lure students with upscale dorms
Abandoned houses increasing in urban areas
Japan's cities are hollowing under the influence of declines in net energy and economic activity. -- RF

## China ##
China's Data Manipulation In One Chart, And Why The Real Data Implies Weakest GDP Growth In Over 20 Years
Shanghai Ends H7N9 Bird Flu Emergency Measures; Poultry Shares Gain
Chinese Consumers Rapidly Shift From Luxury To Thrift
Chinese authorities ban human rights, political discussions at universities

## UK ##
Private eyes to track down EU students who owe £50m in loans
Aircraft carrier 'omnishambles' wastes £100 million
"Britain will be left without a fully operational aircraft carrier for another two years because a delay to a key early-warning system, an official audit has found."
Tests for new chemical guns in late stages
"The Home Office is testing a new form of chemical gun, which could be used to    control rioters and can be fired from more than 100 feet away."
Recession is a good time to exploit cheap labour, says Cameron aide
Campaigners warn against rise of the 'mega-farms': Could massive pig, fish and dairy units harm the environment?

## US ##
Biometric Database of All Adult Americans Hidden in Immigration Reform
NYPD Sergeant Says 'Guilty Until Proven Innocent' Is Just The Price We Pay For A 'Free Society'
Model S boosts Tesla, but mass market electric cars still elusive
Bankrupt Alabama county sees exit plan in June-lawyer
Obama Wants to Elevate Linemen to First Responder Status
1/3 Population of Puerto Rico Gets Food Stamps from U.S. Gov't -- $2 Billion in 2012
What does it mean to be retired in the United States? The age of disappearing pensions, dependence on Social Security, and stock market speculation.
"The number of Americans with any sort of pension is largely going away.  In 1980, over 60 percent of Americans employed in the private sector had some form of a pension.  Today it is down to 10 percent and is trending even lower. "
A New Kind of Food Truck Makes Millions on Raw Meat
Keep an eye on this as we move into the summer, when many "refrigerated" food trucks turn off their refrigeration units to save money on expensive fuel. -- RF
Middle class resigned to stagnation
Stunning Demographic Trends In Employment: New Update
Bankers warn Fed of farmland, student loan bubbles echoing subprime
Elusive foreclosure fixes put homeowners on housing hold
Poll: Belief in JFK conspiracy slipping slightly
The implication being that Americans are slowly returning to sanity? There are many JFK books out there, but I highly recommend James Douglass' JFK and the Unspeakable for a well-documented book on not only how JFK was killed, but why he died and what it means. -- RF
Some Pa. colleges allow students to carry guns
Postal Service says it is still struggling
Sequester Has Air Force Clipping Its Wings
A Shocking Look at America's Altered Landscapes
If You Trust The American Press, Here's A Thought Experiment

And finally…
U.S. says Iran's oil sector shady
"The U.S. Treasury Department said Iran was resorting to 'convoluted schemes' to evade sanctions on its energy sector, an official said."
9 of the worst product names ever
BBC Radio 4 interrupted by yodelling




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