Tuesday, July 30, 2013


News Links, July 28-31, 2013

## Global Ponzi meltdown/House of Cards ##
Silver Vault for 200 Tons Starts in Singapore as Wealthy Buy
"A silver vault that can hold 200 metric tons opens in Singapore this week to cater for increasing demand for physical precious metals among Asia's wealthy even as the commodity leads declines this year."
The Coming Shortage Of Physical Gold That Will Change Everything
Europe's 'recovery' is a conjuring trick
Credit squeeze in Asia now worst since financial crisis
Official data to signal more pain for Chinese factories
Cyprus 37.5% Depositor Haircut Upgraded To 47.5% Brazilian Wax
Greece's Unemployed Young: A Great Depression Steals the Nation's Future
Greece Has Already Spent 75% Of Its Bank Bailout Cash
"Economics Cannot Trump Mathematics"
Vietnam's Lone Billionaire Opens Mega Underground Mall In Hanoi
80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed
The UAE's ongoing debt hangover
India's seizure of smuggled gold soars
Analysts Expect Central Banks To Add To Gold Reserves Despite Turkey's Decline
As The Crisis Deepens, Gold Flows East
Jim Rogers: "The Whole 'Economic' World Is Artificial... It's Going To End Very Badly"
Bitcoins banned in Thailand

## Airline Death Spiral ##
Mega crisis hits Pakistan International Airlines
Faced with hefty fees, traveler abandons bags, creates airport headache
Air India 787 Smoke In Galley: Why Didn't Crew Make Emergency Landing?
Airlines find defective Dreamliner emergency locator transmitters
Chinese airlines hit by air rage amid long delays
ANA to retire four 747s by March
"All Nippon Airways plans to take its Boeing 747 jumbo jets out of service by March 2014 because of soaring fuel costs."
Singapore Airlines short to medium term outlook remains bleak as yields and load factors drop again
Ryanair tells pilots to fly slower to save fuel
"Budget airline Ryanair has told its pilots to fly more slowly as rising fuel costs, an early Easter and the summer heatwave were blamed for a sharp fall in profits."
Air France could cut 3,000 more jobs: union
ANA posts Y6.6 bil loss in April-June quarter
Fears airport charges will rocket

## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia and Iran: A postmodern dance
More Than 1,000 Prisoners Escape In Massive Libyan Jailbreak
China to Acquire Another East African Energy Foothold?
U.S. to Push China for South China Sea Conduct Code, Biden Says
Japan unveils plans to provide patrol ships to Philippines
"Visiting Japanese Prime Minister Shinzo Abe unveiled a plan at a meeting Saturday with Philippine President Benigno Aquino to provide Manila with 10 coast guard patrol ships through a yen loan to help it counter an increasingly assertive China."
Philippines to move air force, navy near disputed sea
"The Philippines plans to relocate major air force and navy camps to a former U.S. naval base north of Manila to gain faster access to waters being contested by China in the South China Sea, according to the country's defense chief and a confidential government report."
China puts Japan on notice that warship drills are now routine
Papers confirm U.S. planes patrolled around Spratlys
Iraq violence: Wave of deadly car bombs targets Shias
Mexican vice admiral killed in attack in Michoacan state
"Mexican Vice Adm. Carlos Miguel Salazar Ramonet was killed Sunday in an attack on navy personnel by armed gunmen in Michoacan state, officials said."
Israel gets ready to expand its submarine fleet
Israeli navy seeks to counter Russian ship-killer
"Israel's navy is installing the Barak-8 air-defense missile system aboard its combat vessels to protect them against Syria's new supersonic Russian-built Yakhont anti-ship missiles which the Jewish state views as a potent threat to its long-held naval supremacy in the eastern Mediterranean."
U.S. Navy personnel trained on Sea Glider underwater drone
Saudi prince defects from royal family: Report
Gunmen kill eight Tunisian troops as political tensions rise
Pakistani Taliban free dozens of terrorist convicts in daring jail break
US Lagging on Law of the Sea: What It Stands to Lose
Egypt Reconstitutes Mubarak's 'Atrocious' Secret Police

## Global unrest/mob rule/angry people/torches and pitchforks ##
Violent Mob Rages After Surfing Competition in Huntington Beach Ends
It's Time To Start Taking This Global Food Riot Model Seriously
Thousands protest government at Tunisia funeral
Tunisian Protesters Call for Fall of Government as Military Cracks Down
China air rage incidents caught on camera
"Air rage attacks are a growing problem in China as the country struggles to make its planes fly on schedule, leading to increasing number of violent attacks on airline staff."
Road Rage: Nearly Half Of Drivers Affected
Girl dies after 'parking rage' attack
Thousands of anti-govt protesters teargassed by Peru police
Brazil's Outrageous Prices Are At The Heart Of Growing Unrest
Explosions rock Libya's Benghazi, protesters take to streets
Egypt: Many Protesters Shot in Head or Chest
Egypt: Mohamed Morsi supporters call for 'million-man' march against military
Hong Kong Protesters Demand Secretary Chan Resign, RTHK Says
Largest Fast Food Workers Strike Hits Seven Cities Across US
Fast-Food Worker Walkout Continues for a Second Day
'Bigger Than Stand Your Ground': Protesters Mark 13 Days of Florida Capitol Occupation

## Energy/resources ##
Mexican State Oil Monopoly Pemex Posts Massive Loss
What Happens to Oil Markets if Iraq Collapses?
Recommended reading: Will the Bakken "Red Queen" Have to Run Faster?
There is some room for interpretation, but overall I don't see anything too promising here. As with shale gas, there is a lot of money in the ground, and so far precious little to show for it. Because they are drilling the best spots first, it can't get much better than this, if at all. And if the global economic crisis causes the price of oil to drop, the whole bottom could fall out in no time flat. It's obvious tight oil is not a game-changer, just a flash in the pan. What a shame the mainstream media don't carry any sober and serious analysis like this. Tight oil/shale gas hypesters and cornucopians seized on the announcement that TOD would become an archive, but will they give posts like this any attention? Don't be fooled by the hype and propaganda. -- RF
Bakken flaring burns more than $100 million a month
Rising sectarian war hits Iraq oil export
Fusion Energy Quest Faces Boundaries of Budget, Science
A declining demand bombshell for wind power
No matter what kind of energy source is used, large-scale energy systems require maintaining a certain scale and also keeping prices high to cover costs. But here is another indication that developed countries are already falling into a negative feedback loop that leads to the crumbling of their systems. -- RF
China opens pipeline to bring gas from Myanmar amid local concern over benefits of the project
Water Powered Car Unveiled: Yes It's Real
No, it's not. It appears that the true source of energy is metal hydride fuel, not water. Since metal hydrides don't exist in nature (they react with water), they have to be made, and there's your real energy input. -- RF
Alwaleed Questions Saudi Policy in Letter to Oil Minister
Eye-opener: A 280,000% Mark Up For... Water? A Look Inside The Bottled Water Industry
Water Shortages Are a Major Problem for Future Energy Projects
Power crisis threatens Jordan
India tribal community set to block Vedanta bauxite project
Entergy to cut jobs, mulls future of wholesale nuclear
Kazakhstan and Kyrgyzstan in War of Words over Water
Fuel pumps run dry throughout Sarawak

## Infrastructure scavenging ##
Copper theft 'like an epidemic' sweeping US
Ecorse, Mich., mayor's air conditioning unit stolen twice in 7 months
Metal thefts plague farm country
Cable theft disrupts Aberdeen to Inverness rail service

## Got food? ##
Insight: The poison pill in India's search for cheap food
Tucson Food Bank Helps The Needy Grow Their Own Food
Wild plants to be used to improve our food
"British botanists are to undertake a worldwide hunt for 450 wild relatives of common food crops in a project that could lead to new fruits and vegetables."
Organic Pest Control: What Works, What Doesn't
Self-Seeding Crops You'll Never Need to Replant
French environmentalists warn of genetically modified crops
"French environmentalists say genetically modified organisms have been smuggled into France in violation of laws regarding genetically modified crops."

## Environment/health ##
High arsenic levels found near gas-drilling sites
"A new study has found elevated levels of toxic metals such as arsenic and selenium in drinking water near natural gas wells in the Barnett shale."
EPA Censored Key Pennsylvania Fracking Water Contamination Study
Decline in bees is affecting plants
Radar antennae reveal how disease and pesticides are harming bees navigation
Scientists confirm: Pesticides kill America's honey bees
Conservationists Call For Quiet: The Ocean Is Too Loud!
The Rise Of Bloodsucking Insects You Can't Just Swat Away
New study highlights possibility of runaway greenhouse effect on Earth
Oil spill reaches Thailand resort island
More Evidence Environment Is Impacting Autism
Gulf 'dead zone' bigger than average but not a record
Masses of plastic particles found in Great Lakes
BP Allocates Extra $1.4B for Deepwater Horizon Compensation
5 ways commuting ruins your life

## Intelligence/propaganda/security/internet/cyberwar ##
Chief Justice Roberts Stacks Secret Court with Govt 'Yes Men'
Repeat after me: Edward Snowden is not the story
US Government Protection of Al-Qaeda Terrorists and the US-Saudi Black Hole
GMO companies launch website to fight anti-biotech movement
With Smarter Cars, The Doors Are Open To Hacking Dangers
New system said to make 'reverse-engineering' of software impossible
Manning acquitted of aiding enemy, still may face long jail term
Manning verdict: What you need to know
Moscow Subway To Use Devices To Read Data On Phones

## Systemic breakdown/collapse ##
4 in 5 in U.S. face near-poverty, no work
U.S. roads, bridges are decaying despite stimulus influx
New Law Requires Large Buildings In Philadelphia To Report Energy Usage Annually
Requirements like this — implemented after the situation has already become desperate — are meant to make the system more efficient and reduce energy use. But what's actually happening is that yet another layer of complexity has been added to an already fatally bloated system. Building owners must expend still more money/energy to collect the data or have someone else do it, while the administrative end has more work because now someone has to read and file the reports and issue the energy report cards. Growing complexity and bloat are contributing to industrial society's demise. -- RF
Earth's Future Forbidden Zones?

## Japan ##
Japan; from quagmire to Abenomics to collapse!
Japan's PM may rethink tax hike; could shake markets, unsettle support
11 Prefectures' minimum wage found to be less than welfare
"The Health, Labor and Welfare Ministry disclosed that for 11 prefectures, people who are earning minimum wage earn less than if they were actually on welfare."
Tough penalties eyed for leaking state secrets
Tritium level also high in Fukushima trench water
Fukushima clean-up turns toxic for Japan's Tepco
Fukushima veggie campaign kicks off
"Unprecedentedly heavy rains" lash western Japan
Welfare benefits cut 1.5% starting in August (article in Japanese)
The Ministry of Health, Labor and Welfare has announced that benefits for food and utilities will be reduced 1.5% starting in August. The cuts will affect 96% of the 1,580,000 households receiving welfare benefits. In some instances the cuts will mean a reduction of ¥7,000 (US$71.44) for a family of four.
Renesas Electronics to close chip foundry: report
Fukushima Operator Announces Plan to Release Radioactive Water into Pacific
Japan June Industrial Output Falls 3.3%
Industrial output suffers worst month since Great East Japan Earthquake
In truth Japan never will recover from the earthquake/tsunami disaster. Energy is just too expensive. -- RF
Average power bill in Tokyo to top ¥8,000 in September

## China ##
China Stocks World's Worst Losing $748 Billion on Slump
China's Bad Earth
"Industrialization has turned much of the Chinese countryside into an environmental disaster zone, threatening not only the food supply but the legitimacy of the regime itself."
Foreign banks in China dropping out of retail banking
"Due to adjustment in business structure and continuing deficits, a number of foreign banks have started closing their retail banking branches in China."
Dark days for small solar firms
"Only large solar panel makers such as GCL-Poly Energy (3800) and Comtec Solar Systems (0712) will likely survive, analysts fear, after Beijing's deal with the European Union over caps on export price and volume in return for exemption from punitive tariffs."
China's slowdown and the global glut
Shanghai's water price to rise by at least 23%
How Big Is China's Debt? The Best Guesses
Explosion Hits China Factory at Center of Influential Protest
China's shale auction winners barely start seismic work
Pollution plagues China's mega water diversion project
Haier CEO says China is no longer world's factory, eyes production move overseas

## UK ##
Balcombe oil: Drill site fracking protests continue
'Perverse' environmental charges on even the poorest families could see energy bills go up by a third
Nurses 'ration care due to time pressures'
Inadeguate minimum wage isn't working, says its chief architect Sir George Bain
UK on the brink of running out of power last winter

## US ##
The United States of... Class War, Inequality, and Poverty
The Top 3 Reasons Why People Are Driving Less
New Survey Shows Record-High Opposition to 'Worthless' Afghan War
The Minimum Wage Doesn't Apply to Everyone
"The Pew Research Center examined Bureau of Labor Statistics data and found that about one and a half million Americans earned the minimum wage in 2012, but nearly two million people earned an hourly wage that was even less than $7.25 an hour."
Detroit Bankruptcy a "Game-Changing Event," Meredith Whitney Says
Wall Street's Biggest Job Cuts Still to Happen, Meredith Whitney Says
Chicago Next? Windy City Cash Balance Plummets To Only $33 Million As Debt Triples
The Muni Market's Shifting Sands
The Exquisite Art Of Marketing To Pauperized Consumers
Working-class whites are gloomy about future amid rising income gaps, racial shifts
Treasury Secretary Lew says Congress needs to do its job, raise debt limit, halt brinksmanship
US race relations will worsen if economy doesn't improve, Barack Obama warns
Texas: Paved roads back to gravel
'Bubbles Forever' and stock crashes forever too
Visualizing The 'Real' Economy Vs The 'Financial' Economy
'It made me feel ashamed': Poor moms anguish over diaper costs
Fire shuts down Callaway nuclear plant near Fulton, Mo.
Deputies shoot man in his front yard
Fitch, Moody's Mull Saks Downgrade
8 Shocking Ways America Leads the World
"The New American Exceptionalism: Number one in obesity, guns, prisoners, anxiety, and more…"
Massive explosions rock central Florida gas plant; 7 hospitalized, all workers accounted for
Alaska State Government Faces Budgetary Train Wreck
Teachers in Arkansas to Carry Concealed Handguns at School
For Congress, 'it's classified' is new equivalent of 'none of your business'
When Bad Government Policy Leads to Bad Results, the Government Manipulates the Data … Instead of Changing Policy
Illegal Public Seizure of Mortgages Via Eminent Domain in the Spotlight
US Rents Hit Record Highs As Homeownership Plunges To 18 Year Lows
Hey Dubya! What happened to the "ownership society"? -- RF
Dallas Fed: The financial crisis cost the US up to $14 trillion
South OC Power Outages Hit More Than 120,000
California city's drastic foreclosure remedy: Seizure

And finally…
Pie in the sky: Chinese authorities shoot down world's first cake drones
India's Grand Mufti seen enjoying concert after declaring music 'un-Islamic'

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