Sunday, October 13, 2013


News Links, October 12-14, 2013

## Global Ponzi meltdown/House of Cards ##
Canada's economic struggle seen in growing corporate pessimism
Canadian businesses ramp down hiring and investment intentions as economy struggles: BoC
Global wealth hit $241 trillion, but distribution skewed
"The distribution is vastly different," Mike O'Sullivan, chief investment officer, UK and EEMEA at Credit Suisse told CNBC. The top richest 1 percent of people own 46 percent of global assets.
World top bankers warn of dire consequences if U.S. defaults
The IMF Proposes A 10% Supertax On All Eurozone Household Savings
JPMorgan's Dimon Joins Jain Warning U.S. Against Default
Dark Vision for Jobs: Jobless Future? Is It Different This Time?
Germany Sees Global Risk Shift to Emerging Economies
China Exports Unexpectedly Drop
China's exports unexpectedly fell in September, signaling constraints from global demand and highlighting distortions from fake invoices that have yet to be eliminated from trade data.
Pharma giant Teva will lay off 10 percent of global workforce
Empty promises darken outlook for India's fiscal deficit
Austerity budgets have cost us up to €84k in five years (Ireland)
Europe prepares to come clean on hidden bank losses
Spanish banks fear new capital hit in European review
China's Official Press Agency Calls For New Reserve Currency, And New World Order
How Much Longer Will the Dollar Be The Reserve Currency?
Big Banks Can Be Dismantled, Say U.S. and U.K. Regulators
Ghana is on the Brink of Economic Collapse
Maguire - West Loses Staggering Amount Of Gold In Takedown
On the heels of Friday's plunge in the price of gold and silver, today London metals trader Andrew Maguire told  King World News that the West lost a staggering amount of physical gold in the takedown.
Faith Is Why World Leaders Are Sure About Economic Recovery

## Airline Death Spiral ##
More domestic flights this winter, but fares rise 30% (India)
Italy Said to Near Rescue of Alitalie by Postal Service
Italian Prime Minister Enrico Letta is close to sealing a rescue package for Alitalia SpA that involves the national postal service taking a stake in the carrier, four people familiar with the matter said.
Air France-KLM's stand unclear for Alitalia capital increase
Aeroflot introduces new low-cost airline - Dobrolet
Israel's National Airline Faces Uncertain Future
El Al will not be receiving a major investment it was counting on, and as a result, the future of Israel's national airline is very unclear. With the airline operating deep in the red for the past two years, analysts said that unless El Al moves quickly to either raise money or cut costs, the airline could find itself in serious financial trouble.
Airlines worry about potential passengers' bill of rights
Airline extras at a package rate
Airlines cash in on every inch, even the jammed bins overhead
Airlines Inch Closer To The Final Fee Frontier: Carry-On Bags
Air India off its deathbed, but privatization may be the only way forward
Govt suspends market for new airlines (Indonesia)

## Fault lines/flashpoints/powder kegs/military/war drums ##
World should 'de-Americanise', says China following default fears
US default fears prompts China's state-run media call for the world to "de-Americanise" as Christine Lagarde warns of "massive disruption the world over"
Human Rights Watch: Syrian rebels committed war crimes, killed civilians in planned attack
Minor cracks found in part of F-35 B-model fighter plane
In Oval Office Meeting, Malala Yousafzai Tells Obama to End Drone Strikes in Pakistan
What Russia's Arctic Attack on Greenpeace is Really About
US Troops Capture Pakistani Taliban Leader, Foiling Peace Talks
Fear and loathing in House of Saud
Afghan in uniform shoots at U.S. soldiers in country's east
World Drug Report Reveals The Staggering Extent Of North America's Meth Problem
Scores killed in attacks across Iraq

## Global unrest/mob rule/angry people/torches and pitchforks ##
McDonald's Worker Threatened With Arrest After Asking Company President For A Living Wage
Under the New World Order (Neofeudalism), workers (serfs) do not challenge elites (aristocrats). Of course, in time such expressions of dissatisfaction will lead to more than verbal confrontations and citations for trespassing. -- RF
Black Bloc anarchists hijack Brazil teacher protests
March Against Monsanto Kicks Off Second Round Worldwide
Bahrain riot police break up protest
Anti-riot police in Bahrain used buckshot, sound grenades and tear gas to disperse hundreds of Shia protesters trying to march on an iconic square in capital Manama, witnesses said.
Massive antinuclear rally staged in Tokyo
Tens of thousands of Japanese citizens and others rallied in Tokyo Sunday in what appears to be the largest antinuclear demonstration in Japan since the country's last active nuclear reactor went offline on Sept. 15.
Hundreds turn up for anti-austerity protest in Dublin
Sudanese activists predict unrest over economic woes
'We Have Nothing to Celebrate': Columbus Day Protesters Fill Streets of Santiago (Chile)
Police use pepper spray to disperse rioting students (US)
US veterans groups take shutdown protest to White House gates
Veteran and Tea Party groups protested the US government shutdown in Washington, taking down barricades around the World War Two memorial on the National Mall before marching to the gates of the White House.
Moscow riots follow 'migrant' murder

## Energy/resources ##
European utilities CEOs urge end to end renewables subsidies
European utilities urge policy reform to avert black-outs
French constitutional council upholds ban on fracking, in 2nd European setback for practice
This Week in Energy: Europe Doomed without Fracking?
Saudis drive to boost oil output, fast-track shale gas
North America's 'Nuclear Renaissance' Grinds to Halt as Plant Development Projects Stalled, Cancelled, an Industrial Info News Alert
South Korea pours cold water on nuclear fuel
South Korea yesterday moved towards a retreat from plans to increase reliance on nuclear energy, amid growing public opposition to atomic power after the Fukushima disaster and a domestic scandal over faked safety documents.
Kashagan Oil Field Stops Production for Second Time
Power-hungry Argentina mulls allowing crude oil imports - report
Argentina is studying authorizing crude imports from Nigeria to help counter a long decline in oil and natural gas output that has hurt its trade balance, two newspapers reported on Saturday, both citing an anonymous source with knowledge of the matter.

## Infrastructure scavenging ##
Cable theft delays flights at Johannesburg airport

## Got food? ##
The Rise of Indoor Cropping
Needless to say, only a tiny percentage of agriculture can be done indoors because of the cost. But it is useful for certain crops and for starting seedlings. Facilities should not be dependent on artificial lighting or power sources. -- RF
What's In That Chicken Nugget? Maybe You Don't Want To Know
"Our sampling shows that some commercially available chicken nuggets are actually fat nuggets," he tells The Salt. "Their name is a misnomer," he and his colleagues write. The nuggets they looked at were only 50 percent meat — at best. The rest? Fat, blood vessels, nerve, connective tissue and ground bone — the latter, by the way, is stuff that usually ends up in dog food.

## Lifestyle Solutions ##
Peaches Help Grow Slovenia's Gift Economy
The gift economy is one of the major answers for what ails us. I myself participate. Where I live, virtually everyone gardens. Some people end up with more beans than they can eat, others have too many cabbages, potatoes, or whatever. Instead of just letting the excess rot, people usually give it to people in the neighborhood. This is not barter, as there is no dealing or expectation of return. Nevertheless, I expect that if the gift economy really takes off, governments will try and find some way to tax it. -- RF

## Environment/health ##
Big-city people have heavy pesticide exposure
Pesticides to Blame for Massive Bee Deaths in Minnesota

## Intelligence/propaganda/security/internet/cyberwar ##
Secret FISA Court Extends NSA Phone Spying
The secretive U.S. Foreign Intelligence Surveillance Court has approved a request made by the National Security Agency (NSA) to continue its dragnet collection of records on all U.S. phone calls.
Here Are the Countries Where Internet Freedom Has Declined Most (And yes, the U.S. is one of them.)
Virginia state police used automatic license plate readers to build massive database of political rally attendees
Canadian spies met with energy firms, documents reveal
Laptops Snowden took to Hong Kong, Russia were a 'diversion'
Video Released: Edward Snowden at Sam Adams Award Ceremony
The US is losing control of the internet
DoJ: If we can track one American, we can track all Americans
Amid NSA Outrage, Big Tech Companies Plan to Track You Even More Aggressively
UK Tried to Obtain NSA Documents from New York Times

## Systemic breakdown/collapse/unsustainability ##
NBC/WSJ poll: 60 percent say fire every member of Congress
Is Joe Sixpack starting to perceive systemic failure? Well, not quite. He still thinks that replacing members of Congress might be the solution. Give him a little more time. -- RF
Have We Reached Peak Entitlements?
There is no way an economy that grows by 75% every 25 years can fund entitlement programs expanding by 500% or more over the same time period.
Paying the price for 20 years of duct-taping our infrastructure
What this means in real life is that the next time you're sitting in bumper-to-bumper traffic, you have more reason than ever to worry about that bridge you're on being among the 25 that collapse every year, according to federal records.
Venezuela's Impending Collapse
Although Chavez had good intensions, he failed to reinvest oil proceeds wisely. -- RF

## Japan ##
U.N. panel says Japan nuclear workers may have got higher radiation - report
Japanese authorities may have underestimated by 20 percent the radiation doses workers got in the initial phase of the Fukushima nuclear power plant disaster, a Japanese newspaper reported on Saturday, citing a U.N. panel.
Cesium contamination increasing in water at port of Fukushima plant
28 TEPCO creditors agree to roll over loan
Thousands mass for antinuclear rally in Tokyo
Japan utilities Sept coal use up 24 pct on yr
Mercury hits 31 degrees in Tokyo; highest on record for Oct
Japanese businesses turn to foreign engineers to fill the void
Facing a dearth of qualified applicants at home, Japanese businesses are increasingly hiring science graduates from universities abroad for career-track positions at company headquarters in Japan.
Japan's new defense guidelines to stipulate amphibious force
Japan is moving closer to commissioning a new U.S. Marine-like amphibious force that can better protect outlying islands in areas of potential conflict. The creation of a Japanese version of U.S. Marines will be included in the National Defense Program Guidelines to be compiled in December, Defense Ministry sources said.
Japan's household income gap reaches record level in 2011

## China ##
China central bank says 2013 GDP growth to exceed 7.5 percent: Xinhua
Number of Chinese Billionaires Skyrockets
China's Hunger for Gold Triggers Speculation About Reserves
Chart Of The Day: China Imports Over 2,000 Tons Of Gold In Last Two Years
Too poor to pay, Chinese farmer saws off diseased leg
China's Exports "Surprisingly" Drop
China stews as it tries to reduce reliance on U.S. dollar
China September Crude-Oil Imports up 27.9% on Year -Customs
15,000 foreclosed properties in Wenzhou pummeling guarantee companies

## UK ##
Welfare cheats 'quit black economy' following crackdown
Number of planned new onshore wind farms has doubled since 2011
Record numbers of onshore wind farms have been approved for construction this year as power companies cash in on hundreds of millions of pounds in subsidies.
Wind farms are 'green vandalism driven by greed'
Villagers fight plans for four wind farm developments as firms rush to take up lucrative subsidies
UK Government announces £900m plan to cut winter fuel deaths

## US ##
Corrosion may have led to N. Dakota pipeline leak -regulator
Initial investigations following a 20,600-barrel leak on Tesoro Logistics LP pipeline in North Dakota point to corrosion on the 20-year-old pipeline, state regulators said on Friday.
2.3 Million Americans Rot in Prison -- Meet the Corporations Exploiting Them for Profit
Dark side of the U.S. oil boom: Small Montana towns buckle under weight of added costs
Fed and Treasury are now so desperate they don't care about getting caught
Jim Grant Warns America's Default Is Inevitable
If We Are In An Economic Recovery Why Are Major Corporations Firing Thousands?
Earnings Season Hopes Plunge 50% in 90 Days
Christmas spirit dies at White House as ornament-hawking gift shop goes broke
Why No One Wants to Buy an Electric Car
$4.2 Billion in Military Hardware Donations Fuels Militarization of U.S. Police Forces
Foodstamp Nation In Turmoil: EBT System Goes Dark, "Glitch" Blamed
Many older LA buildings could collapse in earthquake
America's Infrastructure Is Crumbling
Shortfalls in investment will lead to fewer jobs, gridlock, and inevitable catastrophe.
Federal government shutdown cascades down to states
Detroit Announces Plan for Bankruptcy Loan
Detroit officials announced plans Friday to take out a $350 million bankruptcy loan from Barclays PLC ( BCS ) in a deal that would make it the first major U.S. city to borrow money while in Chapter 9.
Expert calls proposed Utah nuclear power plant a 'non-starter'
Week Ahead: What If $16.7 Trillion Debt Climbs To $25 Trillion?
Another year, another small benefit increase for Social Security recipients, disabled veterans

And finally…
Sweet 'Lesus': Vatican forgets to spell-check
5 craziest crimes of the week
German groom forgets bride at gas station
Boyfriend Forces Mexican Woman To Wear A Chastity Belt For Over A Decade

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