Tuesday, November 12, 2013


News Links, November 12-13, 2013

## Global Ponzi meltdown/House of Cards ##
Race to Bottom Resumes as Central Bankers Ease Anew: Currencies
World economy being sustained by extraordinary aid
Coming Soon: Corporate Tools To Hollow Out National Sovereignty (TTP/TTIP)
Mystery Behind Spanish Banks' Extend-And-Pretend "Bad Debt Miracle" Revealed
EU budget deal on knife edge as deadline looms
Property hot spots from Canada to China renew easy-money bubble fears
Canadian Housing Bubble? 9 Signs We're In For A Major Correction
The World's 29 Too Big To Fail Banks, JPMorgan At The Top
OSX becomes second Batista company to file for bankruptcy
Gold Vault Opens in China as Bullion Goes From West to East
A gold vault that can store 2,000 metric tons, double China's projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia's largest economy.
Hanjin Shipping CEO Resigns on Losses, Debt Repayments
What Sells On the Black Market (infographic)
Marc Faber Is Back: "It Will End Badly... We're In A Worse Position Than 2008"
'Mobile molotov cocktails': Another van full of stolen gas bursts into flames after minor collision in Vancouver
In what is becoming a regular occurrence on the streets of Metro Vancouver, an unmarked van packed to the gunwales with black market gasoline burst into flames soon after a minor collision on Sunday.
Escape to Oz: Young Europeans head to Australia in search of work
World's Biggest Wealth Fund Told Return Target Raising Risk
Emerging economies to suffer more from U.S. taper: World Bank's Kim
Russian GDP Expands Less Than Forecast in Third Quarter
The euro could disappear in 10 years: BlackRock CEO

## Airline Death Spiral ##
Airline cost unbundling actually raises prices via fees - report
Flybe plans to cut 500 more jobs after swinging to profit
Alitalia calls board meeting, may discuss job cuts
Delta cuts 126 jobs, 36 flights from Memphis
Qantas axes 300 jobs at Avalon heavy maintenance base
US Airways, American to merge after settling antitrust suit
United and Delta raise bar on frequent flier miles
Going for broke: Global Aviation Holdings' fourth bankruptcy may be a record

## Fault lines/flashpoints/powder kegs/military/war drums ##
Pirates Hijack Tanker Near Singapore in Second Attack in a Month
'Fishing for crime': Desperation, lack of opportunities behind Nigerian piracy, experts say
Piracy: Just one of many "industries" in the growing world underground economy. -- RF
Report: Gunman kills Iranian deputy minister in Tehran
Iran agrees to wider UN nuclear inspection 'roadmap' but keeps block on military site
Iran to give U.N. inspectors more access to nuclear sites
John Kerry: Iran walked away from nuclear deal
White House: Iran Sanctions Bills a 'March to War'
Kerry: Obama Willing to Attack Iran At Any Time
Saudi Arabia and Israel Try To Derail Nuclear Negotiations With Iran by Terrorism
After scuttling Iran deal, France could clinch arms deals
Hardliner Lieberman returns as Israel foreign minister
Israel Announces Then Halts Plan for 24,000 New Settlement Homes
Pope Francis gives fire-and-brimstone sermon, saying the corrupt should be tied to a rock and thrown into the sea
Arab world: U.S. defense industry peers into the abyss
Greece intercepts mystery ship with 20,000 Kalashnikovs onboard
Egypt Marches to a Saudi Drummer

## Global unrest/mob rule/angry people/torches and pitchforks ##
Garment workers demanding higher wages clash with police in Bangladesh, closing 100 factories
In Russia, Testicle Protest Takes on Oligarchy, State Repression
Bulgaria protests: Students lock up Sofia university
Far-right rioters leave trail of destruction in Polish capital
France's President Francois Hollande booed at World War I ceremony, 70 detained
1 Killed as Cambodia Cops Fire on Garment Workers
Cambodian police have fired live ammunition at protesting garment workers outside the capital, killing a bystander and injuring at least six protesters.
Pro-Mursi students, police, residents clash at Egyptian university

## Energy/resources ##
Brazil Grapples with Biofuel Supply Glut
In prosperous oil patch, drillers turn to water recycling to address drought, waste challenges
EC Investigation Calls into Question Sustainability of German Subsidies
Serious Oil Problems Uncovered in Nigeria
Libyan Berbers shut gas pipeline to Italy, cut major income source
Protesters have shut Libya's gas export pipeline to Italy, its only customer, demanding more rights for the Amazigh, or Berber, minority and depriving the weak government of a major source of income.
Libya calls people to liberate oil sector
Attention Fracktivists: Corn Ethanol Is The Real Environmental Culprit
This is a valid point about corn ethanol. But that should not be an excuse for fracking. More important, however, is that both ethanol and fracking yield low net energy — too low to sustain industrial civilization. -- RF
Ukraine halts Russian gas imports; transit to Europe intact -sources
"Energy system collapse is inevitable; solar is part of the road to renaissance"
This is an interview with Jeremy Leggett. He cites blindness to risks, which is true, but apparently has the same blind spot as most other renewable energy gurus: he does not see that renewables are essentially fossil fuel extenders. -- RF
UAE to Spend $70 Billion to Boost Capacity
7 things to know about ethanol, the green energy source with some dirty secrets
But the worst — not mentioned here — is that it's low-EROI junk energy. -- RF
New Device Generates Energy from Background Radiation
North Dakota's Salty Fracked Wells Drink More Water to Keep Oil Flowing
It's well known that water has been key to the shale oil and gas rush in the United States. But in one center of the hydraulic fracturing boom—North Dakota—authorities are finding that the initial blast of water to frack the wells is only the beginning. The wells being drilled into the prairie to tap into the Bakken shale need "maintenance water"—lots of it—to keep the oil flowing.

## Infrastructure scavenging ##
Thieves steal more than $400,000 in copper and shipping vehicles
Mass Manhole Cover Theft in Harming Sochi
With less than three months left until the Winter Olympic Games, city authorities in Sochi are embroiled in a battle with an unexpected vice: the theft of manhole covers by metal scavengers. Some 800 manhole covers were stolen in the last couple of weeks, most of them sold as scrap metal to any one of 20 recycling companies, city officials said.
Metal thefts plague farm country

## Got food? ##
Recall: 26 sicked with E.coli linked to ready-to-eat salads
Typhoon wreaks havoc on agriculture with over a million farmers affected (Philippines)
Sustainable Fishing Key to Feeding the World

## Lifestyle Solutions ##
What I saw at the doomsday prepper convention
Contrary to images of deluded or gun-obsessed "lone wolves," many preppers are average consumers reacting to concrete worries, and their way of thinking is spreading, fueling an emerging lifestyle trend.

## Environment/health ##
Report: TVA coal plants polluting groundwater
California solar power plants singeing bird feathers
China reports 4th H7N9 case since September
Typhoon Haiyan: Philippines in a state of calamity as anarchy descends
Typhoon Haiyan pushed the limit, but bigger storms are coming
Experts say Typhoon Haiyan was about as strong as it could theoretically get when it swept through the Philippines, killing thousands of people and driving hundreds of thousands from their homes. But intensity limits have been rising over decades past — and climate models suggest they will keep rising over the decades to come, with the potential for bigger and more devastating storms.
Somalia's cyclone-hit Puntland declared a disaster area
Camel tests positive for Mers virus (KSA)
The Chernobyl nuclear power plant disaster isn't over yet
Greek fireplace polluters could face fines of €2,500
Sun to flip its magnetic field
Retooling the Planet: The False Promise of Geoengineering

## Intelligence/propaganda/security/internet/cyberwar ##
Las Vegas Installs "Intellistreets" Light Fixtures Capable Of Audio Recording
Spain's solar police to kick in your door
Australia Spied On Japanese Companies To Help Its Industries Negotiate Trade Deals
Rogue US-Israeli cyberwar weapon 'infected Russian nuclear plant'
America and Israel Created a Monster Computer Virus Which Now Threatens Nuclear Reactors Worldwide
US power grid system to undergo simulated attack
84% Of US Adults Don't Use Twitter, Only 4% Of Americans Over 30 Get Their News From Twitter, Pew Study Finds
Trouble In The Datacenters?

## Systemic breakdown/collapse/unsustainability ##
Spain: leader in cocaine use and organ donations
Venezuela Dispatches Army To Enforce Appliance "Fair Price" Ceiling After Looting Ensues

## Japan ##
For many Fukushima evacuees, the truth is they won't be going home
Is U.S. also spying Japanese email, phone calls?
Japan Inc. Weighing Pay Rises? Little Sign So Far
Current account logs 2nd smallest surplus
State considers loaning TEPCO additional 3 trillion yen
NRA chairman blocks interviews with Fukushima residents over exposure doses
Japan readies additional $30 billion for Fukushima clean-up: sources
Record radioactivity level found at Fukushima plant well
Japan's ex-PM Koizumi urges Abe to abandon nuclear power
Fukushima Watch: Some Power Companies in Black without Nuclear Restarts
This means they are making money off the power sold from their other plants, not that they will be able to pay for the decommissioning of their idle nuke plants. -- RF
Aso, Lew confirm cooperation toward year-end TPP deal
Justice minister suggests that news organizations could be raided under secrets bill
Tokyo ready for talks on Arctic with Nordic, Baltic nations
Foreign Minister Fumio Kishida on Monday expressed Tokyo's readiness to closely communicate with Nordic and Baltic countries over its possible involvement in the development of the resource-rich Arctic.
M3 money stock hits record high for 2nd consecutive month
Hundreds of hectares of coastal dunes and forests lost due to tsunami
SDF drills in Okinawa themed on defense of remote island

## China ##
Haiyan Storm Kills 8 in China, Devastates Farming
Chinese cities investing in 'skynet' surveillance networks
Is The Chinese Economy Slowly Strangling Itself?
China fuels Bitcoin surge to record high

## UK ##
More than four million more face higher energy bills as Minister attacks suppliers for acting like greedy banks
Big Six energy firms face investor exodus over political interference in pricing
Another example of how declining profits can endanger energy production. -- RF
Thousands of jobs at risk as Barratts and Blockbuster fail
450,000 pensioners face Christmas on their own
Final destination of the nuclear family. -- RF
Shortage of 20,000 nurses in NHS, report warns

## US ##
Moody's warns of bankruptcy in Scranton as city faces $20 million budget gap
Peter Schiff: The greatest Ponzi scheme of our time
10 Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind
United States of Underemployment: Dead-End Jobs Prop Up Employment Growth
"It's Not Just Harder To Get A Job - It's Harder To Get A Good Job"
Fitch downgrades Chicago bond ratings
Children Locked Up For Life: 10 Shockers About America's Prison System
Amazon and US Postal Service will offer Sunday delivery starting with New York, Los Angeles
Pump! Dow Jones industrial average closes at a record; S&P 500 just shy of its own all-time high
More states consider toll roads to raise infrastructure dollars
The Unaffordable Golden State: Only 1/3 Californians can afford a home.
Homebuilders' Cancellation Rate Surges To Highest Since December 2008
Once Again, Retail Investors Are Piling Into a Bubble Near the Top
The era of hot consumer tech IPOs is over
New York Fed Chief Levels Explosive Charge Against Big Banks
Low Inflation Creating a QE Trap
Want 18% returns? Become a subprime lender
Average Joes risk nest eggs on loans to home buyers with poor credit
Reinventing The Dwindling Middle Class May Take A Revolution
Happy Veteran's Day: 40% of NYC Vets Need Food Assistance
'People's Bailout' Abolishes $15 Million in Personal Medical Debt
Ding Ding! Years after wrenching up rails, American cities bringing back electric streetcar
Shop 'til you drop: Will days of turkey and merriment be replaced by shopping frenzy on Thanksgiving?
Black Friday Becomes Black Thursday; Thanksgiving Just Another Shopping Day; More Temporary Part-Time Jobs
Small Business Optimism Sinks On "Precipitous Decline in Hiring Plans"; Lack of Credit Not an Issue
Coming Pension Meltdown: The 10 Most Troubled City Systems
American Attitudes Toward Minimum Wage Could Wreck McDonald's

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