Sunday, October 06, 2013


News Links, October 5-7, 2013

## Global Ponzi meltdown/House of Cards ##
France on track for 0.2pc growth this year
IMF slashes Irish growth forecasts
U.S. to Default If Debt Ceiling Not Raised, Lew Says
Why Uncle Sam is hoarding gold
The Treasury says it won't tap its gold stockpile, even to avoid a default
Greece mulls swapping bailout loans with 50-year bond issue: source
Stability Fund Chief Expects Third Greek Bailout
Greece Considering Confiscation Of Private Assets
Wall Street gets ready to trade defaulted US debt
Families 'scarred' from financial crisis hold tight to cash, shun risk 5 yrs later
Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.
A Big Reason Why 2013 Stock Prices are in the Stratosphere
Margin debt is up 100 times in the last 39 years
Rio Replacing Train Drivers Paid Like U.S. Surgeons
The luxury expo for super rich 'looking for bling bling'
Swiss to vote on 2,500 franc basic income for every adult
In principle this sounds good, but it assumes that society will continue operating at a high energy level enabling the state to make such payments. Even if it comes to pass, disappointment will follow as the economy crumbles. -- RF
Fleeing Foreigners Impede Portugal's Own Exit Plans

## Airline Death Spiral ##
Ban reclining seats, say passengers
Air France-KLM says it has no plans to decimate Alitalia
Upstart Abu Dhabi airline becomes ally to European carriers
Airlines promise a return to civility, for a fee

## Fault lines/flashpoints/powder kegs/military/war drums ##
Is Israel Derailing US-Iran Diplomacy With More Assassinations?
Crime gangs cash in on Europe's budget flights: Europol
U.S. Rules Out a New Drone War in Iraq
Syrian Rebels Fight Each Other Along Turkish Border
Assad says Turkey will pay for backing Syrian rebels
Syrian President Bashar al-Assad has told Turkey it will pay a heavy price for backing rebels fighting to oust him, accusing it of harboring "terrorists" along its border who, he said, would soon turn on their hosts.
Suicide attack on Shiite pilgrims in Baghdad, other attacks kill at least 66 in Iraq
More Japanese troops to South Sudan
Australia playing greater role in U.S. strategy to contain China
China naval activities raised at APEC
War comes to the cities: What Happens When Cities Fall Apart?
Military strategist David Kilcullen was in New York City earlier this week to talk about the future of urban warfare at the World Policy Institute here in Manhattan. Gizmodo tagged along to learn more about "future conflicts and future cities," as Kilcullen describes it, and to see what really happens when urban environments fail-when cities fall apart or disintegrate into ungovernable canyons of semi-derelict buildings ruled by cartels, terrorist groups, and paramilitary gangs.
Libya demands explanation for 'kidnapping' of citizen by US forces
Libya has demanded an explanation for the "kidnapping" of one of its citizens by American special forces, hours after a separate US military raid on a terrorist target in Somalia ended in apparent failure and retreat.
Al-Shabaab target may explain US secrecy over failed Somali raid
Rio de Janeiro favelas occupied after major operation
Pakistan may face sanctions over gas pipeline with Iran: US
South Asia net oil imports to more than double by 2035
Iraq's oil exports dip in September

## Global unrest/mob rule/angry people/torches and pitchforks ##
Jesse Ventura Calls For "American Revolution" Against The "Corrupt System"
Egyptian forces fire tear gas, close Tahrir Square as Islamist protests turn violent; 4 dead
Egypt: 44 dead in clashes between security forces and supporters of ousted Islamist president
Youths burn church, riot in Kenya's Mombasa after imam killed
Federal Workers Nationwide Protest Government Shutdown
Ukraine police fire tear gas to disperse Kiev protest
Protesters clash with police in Mexico City demo
Striking teachers, police clash in Rio de Janeiro
Man sets himself on fire on the National Mall
With iron fist, Sudan government survives worst urban unrest but for how long?

## Energy/resources ##
Big Oil Races Back Into the Gulf of Mexico
While smaller and midsize oil and gas companies have been the driving force behind the fracking revolution onshore, only the biggest can truly afford to drill in the Gulf of Mexico.
Iranian Crude may be Vital as Global Producers Fail to Meet Targets
Only days ago I pointed out again that the world needs Iran's oil. Here is a good overview of the world oil situation, noting the problems that various countries are having in meeting promised production targets. The US, not to mention many other countries, desire to get more Iranian oil on the market ASAP to east supply constraints and bring down crude prices even a little. --RF
The Energy Frontier: Decline of Canadian energy juniors a worrying trend
US Surpasses Russia In Fuel Production
Don't get excited. As the article notes, "fuel" includes other liquids such as ethanol, which is essentially worthless in terms of net energy (IMHO, ethanol should not even be added to energy production statistics). And keep in mind that tight oil is a flash in the pan. -- RF
Over 30 distressed power projects on block, big companies uninterested (India)
Entrepreneurs who rushed in to build power stations five years ago are knocking the doors of large business houses as they see no solution to the acute shortage of coal and natural gas, and are keen cut losses and reduce the debt in their books.
India has oil reserves to last just 20 days, says govt
Iran Oil-Export Capacity Seen Rising 21% in Ship-Tracking Data
OPEC to Boost Shipments on Chinese Demand, Oil Movements Says
Moody's Downgrades Long-term Debt Rating of Petrobras
Credit rating agency Moody's has downgraded the long-term debt rating of Brazil's state-run energy giant Petrobras, citing concern that the firm is carrying high levels of debt.
Oil Companies Wonder If North Africa Is Really Worth It
Two years of turmoil since the Arab Spring and some of the toughest terms in the business have led international oil companies to reassess their role in North Africa, with U.S. firms looking keenest to leave.
Japan aims to beam solar energy down from orbit
Fukushima and our inability to gauge risk

## Got food? ##
Uncertainty on figures hampering food security efforts
Jim Rogers: Skip the MBA, get an agriculture degree
Jim Rogers believes the finance industry is about to slip into secular decline. That's why the famed investor advises young people to pursue careers in farming rather than in finance.

## Environment/health ##
Radioactive Shale Gas Contaminants Found at Wastewater Discharge Site
It's not hornets invading, it's humans
Whose Earth is this, anyway? -- RF

## Intelligence/propaganda/security/internet/cyberwar ##
Must read: If It Happened There ... the Government Shutdown
Just the other day I posted in this category a typical example of the propaganda that passes for journalism in the US mainstream media. Here is an excellent article from Slate, describing the current US government shutdown. However, it is written not in the usual charitable prose we expect from the US mainstream media, which paper over unsavory aspects and splash verbal perfume over everything, but in the same propaganda style the media use to denigrate countries ruled by "unapproved" governments. Thank you, Slate! -- RF
Governments Worldwide Increase Online Surveillance, Report Shows
Nirvanix Declares Bankruptcy; Customer Data Pours Out
Massive Adobe security breach exposes 2.9M customers
IPO Filing: Twitter Still Losing Big Money Even As 2012 Revenues Tripled
Feds cagey on early Anwar Al-Awlaki ties
Lawyers for a Virginia man serving a life sentence for supporting jihad against the United States pushed Friday to pry more information out of the federal government about the possibility that cleric Anwar Al-Awlaki may have been recruited as a government informant a decade ago.
NSA Ran Secret Test Project Tracking Americans' Locations Through Cell Phones
South Korea Only 'Partly Free' When It Comes to Internet
9-year-old boy sneaks onto plane at Minneapolis airport
IT Experts: Obamacare Website Is Designed To Attack Itself
Now MasterCard Wants Your Fingerprints…

## Systemic breakdown/collapse/unsustainability ##
From Cascading Complexity To Systemic Collapse: A Walk Thru "Society's Equivalent Of A Heart Attack"
Don't worry! This is just your ordinary everyday doomer porn… right? -- RF
India plans 'New Mumbai' as overcrowding chokes city
An Indian state government is planning to build a 'New Mumbai' as an overspill for the country's film and commercial capital as overcrowding grinds India's largest mega-city to a halt.
Shut Down Round Up: The Latest In Dysfunctional Government News
Rest Of The World Thinks Congress Is A 'Laughing Stock' For Government Shutdown
Allies worried US turning inward to handle political chaos at home

## Japan ##
The End Of Nuclear Energy In Japan?
Japan nuclear regulator berates Fukushima operator
"I can't help but say that standards of on-site management are extremely low at Fukushima Daiichi," Nuclear Regulation Authority secretary general Katsuhiko Ikeda said.
For "zombie" Fukushima operator, fresh financing masks long-term woes
Abe seeks more foreign help in containing Fukushima crisis
Rail infrastructure in trouble
Has business blackballed the yakuza? Don't bank on it
Japan Post set to raise mail prices
Power companies may switch to smart meters early
Japanese Government Agrees to Spend $3 Billion to Boot U.S. Marines out of Okinawa
Toshiba set to buy British nuclear power firm for 10 billion yen

## China ##
China employs two million microblog monitors state media say
Analysis: Why China's real estate construction is declining
China's Xi says political solution for Taiwan can't wait forever

## UK ##
Water bills soar while cash to stop the leaks falls
UK Shale Gas: Promising but Not Cheap
It's not cheap anywhere. Don't be fooled; this isn't some sort of energy bonanza, but rather a high-stakes, high-cost desperate measure to make gas as cheap as possible to consumers and keep them from revolting. As we cast our eyes around the globe, we see that fuel riots are already breaking out. Governments can see this and they are scared sh*tless. So they encourage investment in low-quality energy sources, even if it means investors will lose money (which means investors are subsidizing these operations). It's nothing but a temporizing measure like "quantitative easing." And sooner or later, the chickens will come home to roost. -- RF
Fracking Company Pulls Out of UK Site
Green energy to cost consumers £400 over next five years
Every British household will pay an average of more than £400 in higher bills over the next six years to pay for subsidies under controversial Government plans to hit green power targets.
Nuclear scare at Navy submarine base after 'unbelievable' failures
Double defects left vessels without vital sources of coolant for their reactors, despite earlier warnings and incidents
Cabinet was told nothing about GCHQ spying programmes, says Chris Huhne

## US ##
The end of the full college scholarship?
Treasury warns default could be worse than Great Recession
Lockheed to furlough 3,000 workers due to U.S. shutdown
Shut It All Down: Report Calls for Nationwide Ban on Fracking
30 Statistics About Americans Under The Age Of 30 That Will Blow Your Mind
Meet Your New Landlord: Wall Street
Neofeudalism marches on: The Definitive Rich Vs Poor Chart: "The Rich Hold Assets, The Poor Have Debt"
13 things Uncle Sam has stored for safekeeping
As shutdown lingers, federal workers try to make quick cash
Companies are stashing away billions overseas
Government Mandated Spending: A Lesson in Wasted Tax Dollars (energy)
Worksheet asks children to remove parts of the Bill of Rights
Moody's: Detroit missed Oct. 1 bond debt payment
A look at pension problems, solutions in US cities
The Dow-Jones Non-Industrial Average
Costs for new nuclear facility skyrocket as critics question its creation

And finally…
Man Accused Of Molesting Stranger's Birthday Cake
Patents for Staying Alive

<< Home

This page is powered by Blogger. Isn't yours?