Sunday, May 05, 2013


News Links, May 4-6, 2013

## Global Ponzi meltdown/House of Cards ##
India cuts interest rate again to revive growth
EU sees deeper euro zone recession in 2013, slower deficit cuts
Portugal aims to cut 30,000 civil service jobs
Australia Manufacturing Collapses as Commodity Supercycle Stalls
Canada's Magna to cut jobs in Europe, U.S.: report
"Canadian auto parts maker Magna International plans to cut jobs in Europe and the United States as it seeks to reduce costs and offset weak demand in Europe, Chief Executive Donald Walker told German magazine WirtschaftsWoche."
World's Wealthiest Gain $45 Billion as Dow Reaches 15,000
Economic storm clouds gather for Russia's Putin
Rio Tinto chief warns of more job cuts
Glencore Xstrata Gets Down to Business — Firings Imminent
Japan requests capping of Panama Canal transit fees
ADB flags danger of Asia forming 'asset bubbles'

## Airline Death Spiral ##
Air France-KLM reports mounting losses in Q1 on lower hedging gains
Korean Air Lines Loss Widens
Austrian Airlines makes losses in first quarter
Air Canada Posts 1st-Quarter Loss
Kenya Airways headed for a loss-Citibank
Estonian Air to get EUR 40m for bailout
Another Airline Adopting Expensive Add-on Fees
Airline extra charges costing more than fares
Major airlines copy no-frills rivals' charges
African Air Travel: Why Are Airlines In Africa So Expensive, Unsafe And Impossible To Navigate

## Fault lines/flashpoints/powder kegs/military/war drums ##
Google adopts use of 'Palestine'
April Iraq's deadliest month in five years - UN
Pentagon redesigns its 'bunker buster' Massive Ordnance Penetrator to combat Iran
Singapore commissions new submarine
Syria says Israel strikes military research center
Israeli warplanes strike Syria in escalation
Israel attacks show Syria's conflict becoming a regional proxy war
Syria Declares Israel Attack An "Act Of War', While Israeli Defense Forces Close Northern Airspace
Iraq at risk of collapse?
Japan requests that France not sell helicopter equipment to China

## Global unrest/mob rule/angry people/torches and pitchforks ##
Tribes in Ecuador will fight rainforest auction (video)
Protests in Chinese city over planned chemical plant
To Silence Discontent, Chinese Officials Alter Workweek
Riot police battle Islamists in Dhaka Bangladesh
Tens of Thousands of French Protesters Reject Austerity

## Energy/resources ##
Gas shortage leaves Prairie pumps dry (Canada)
Despite U.S. oil boom, some states fear fuel scarcity
Solar Dreams, Spanish Realities
I've repeatedly said that our energy-intensive industrial society won't run on renewables. -- RF
Japan Sign Nuclear Cooperation Deals with UAE and Saudi Arabia
Turkey, Japan sign $22 bln nuclear power plant deal
Huge Rocks Found in Coal Deliveries are Threatening India's Energy Sector
Ukraine, EU discuss energy hub to dilute Moscow's gas power
Parts of federal capital facing water shortage (Pakistan)
Rise of Nat Gas Prices an Enigma (US)
There's nothing baffling about this at all. Because shale drilling is unprofitable, natural gas prices must rise if producers hope to mop up some of their red ink. And if you are interested in reading more about the real story on shale gas, check out the following article. -- RF
Patient contrarians: The natural gas market isn't what it seems
As Oil and Gas Drilling Competes for Water, One New Mexico County Says No
If you can have either hydrocarbons or water, which do you choose? The choice is obvious. -- RF
Outlook grim in Venezuela's essential oil industry
Norway raises oil taxes in bid to ease cost pressures on economy
Iran offers new oil contracts to lure India
Iran to Start Gas Delivery to Iraq in Summer
North Dakota Bakken Weakens to Largest Discount Since January

## Got food? ##
As honey bee numbers drop, U.S. sees threat to food supply
Utah farmers facing another irrigation water shortage
U.S. corn planting off to late start due to wet, cold spring
Trader Joe's hit on antibiotics in meat, lead in candy
US beef prices set new high as spring barbecue season heats up
Seed Starting Basics

## Environment/health ##
You are a guinea pig
NASA: Warming Climate Likely Means More Floods, Droughts
How many birds are killed by windows?
'Appalling irresponsibility': Senior scientists attack Chinese researchers for creating new strains of influenza virus in veterinary laboratory
Japan reinforces measures against H7N9 bird flu
Japanese cloud seeding tests work for second year in row

## Intelligence/propaganda/security/internet/cyberwar ##
World's media lament decline in freedom
The Benghazi Talking Points, and how they were changed to obscure the truth
FinFisher: Malicious Spyware Disguised As Mozilla Firefox Discovered In 36 Countries
Computer outage at LAX causes long customs line
Law enforcement officials looking to wireless industry to help curb cellphone thefts
"In San Francisco, where half the robberies were phone-related last year, District Attorney George Gascon is calling on major companies in nearby Silicon Valley to create new technology such as a 'kill switch' to permanently and quickly disable stolen smart phones, making them worthless to thieves."
Big Data, Advertising and the Erosion of Privacy
U.S. Aims to Force Web Services to Compromise Message Encryption
1,856 to Zero: Secret Spy Court Authorizes 100% of US Government Requests

## Systemic breakdown/collapse ##
Ron Paul & Jim Rogers: "There's More Chaos To Come"
Are derailments the cost of CP Rail's efficiency drive?
Crisis-hit Greece sees rise in social inequality
Aging U.S. water infrastructure is leaking megawatts and dollars
7 Oil Field Jobs Companies Are Desperate To Fill

## Japan ##
Tokyo protesters say no to amending constitution
"Hundreds of Japanese, young and old, gathered in downtown Tokyo in a peaceful protest against calls by Prime Minister Shinzo Abe to amend the country's pacifist constitution and give the government more power to abridge civil liberties."
Sharp considers chairman's retirement, to scrap posts: Kyodo
Japan's child population falls for 32nd year in row
Although this is a source of anguish for brain-dead growth advocates, it is good news for Japan's future. -- RF
Contaminated water transfer to end early in June
High-radiation debris found at nuclear plant
Yakuza links put nation at added nuclear risk
"In Japan, getting access to a nuclear power plant is very simple: fill out a job application."
Japan's public debt: Don't mention the debt
Chinese ships sighted 42nd time
Necktie survival in danger with energy conservation efforts
Japan minister seeks quick OK for U.S. LNG imports

## China ##
Global Slowdown - 70% Of China's Export Partners Saw Orders Plunge
China arrests hundreds over fake or tainted meat
Rat meat sold as lamb in China
China's electric cars: socket shortage
Chinese Growth - Real Or Imagined?
Stressed Chinese Leave Cities, Head for the Countryside

## UK ##
English local polls presage a further tilt to Right
Recovery?: One-In-Five Britons Borrow Money To Afford To Eat

## US ##
IRS to Spy on Our Shopping Records, Travel, Social Interactions, Health Records and Files from Other Government Investigators
Dealing in Drones: The Big Business of Unmanned Flight
States fear cost shift as feds move to cap spending on health overhaul program
Pump! Dow, S&P 500 close at record levels after jobs report
Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago
U.S. Customs ordered to verify all int'l student visas
They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low
559 pounds of high explosives stolen from US Forest Service bunker
Guantanamo camp burns through $900,000 a year per inmate
Financial strain pushes many veterans to the breaking point
Caterpillar to lay off 300 in Decatur, Ill.
New Rule Signals Kiss of Death for Pensions
Spending on Gasoline Hits a 30-Year High
The end for the Coda EV
In S. Illinois, residents debate economic lure of 'fracking,' preserving area's rugged beauty
California's State/Local Governments Confront $1.0 Trillion in Debt; Two Classes of Workers and the Result is Debt
Largest Wholesaler In U.S. Sold Out Of 100 Ounce Silver Bars
Less Than Half of Grads Have Jobs Requiring a Degree

And finally…
China's People's Daily newspaper mocked over its new, phallic headquarters
9/11 museum officials say admission fee needed
NRA speaker's advice: Keep a gun in your child's room

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