Sunday, November 24, 2013


News Links, November 23-25, 2013

## Global Ponzi meltdown/House of Cards ##
PBOC Says No Longer in China's Interest to Increase Reserves
The People's Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan's appreciation.
Spain Household Income Drops 10% to 2005 Level
'Europe heading for catastrophe' despite German growth
Expect "Dramatic Slowdown" in Germany: Saxo Bank Analysis
The World's 2170 Billionaires Control $33 Trillion In Net Worth, Double The US GDP
ECB official warns of deflationary pressures in Eurozone
New U.S. derivative rules leave Asia markets vulnerable
The Most Despised Tax-And-Retreat French President Sinks Deeper Into Economic Quagmire
As Ring of Fire called off, Thunder Bay teeters between boom and bust (Canada)
The return of gold as currency?
India likely to face gold shortage of 135 tons during H2 FY14
The dark side of the Magic Kingdom? Fairytale may be over for Disneyland Paris

## Airline Death Spiral ##
Qantas faces a hard landing as outlook slashed
Calling home from 35,000 feet might increase productivity but anger your seatmate
World's Largest Airport Terminal To Be Built In Shanghai
Brazil awards $9 billion of airport deals, prepping Rio for Olympics
Massive overcapacity in the making. -- RF
Lawsuits fly as Evergreen International Airlines fights for survival
AAI considers pulling plug on credit to Jet, SpiceJet
Boeing: 15 airlines warned over high-altitude ice
JAL pulls Dreamliner from two int'l routes after engine problem
Flight attendant dispute erupts before US Airways - American Airlines merger
More airlines seek higher fares (Philippines)

## Fault lines/flashpoints/powder kegs/military/war drums ##
UN Official: Israeli Blockade Has Made Gaza 'Uninhabitable'
Deadly blasts hit Pakistani city of Karachi
Bombs kill nine and wound 54 in northern Iraq
Afghanistan rejects U.S. call for quick security deal
Iran, six world powers clinch breakthrough nuclear deal
Clandestine meetings between US and Iran set stage for nuclear deal
France to Boost Central African Republic Troop Presence
Egypt, Turkey Expel Each Others Ambassadors, Testing Ties
Islamist rebels capture Syria's largest oilfield: activists
China bolsters East China Sea claim, warns of 'defensive measures'
Japan protests new China air defense zone
China's new air defense zone raises U.S. concerns
Japan warns of unpredictable events over China's new air zone
S. Korea expresses regret over China's air defense zones
As China And Japan Move Closer To Armed Conflict, The Obama Administration Dangerously Dithers
South Korea to buy 40 stealth fighter jets
US Eyes Increase In Arctic Operations
The U.S. military is looking for ways to expand operations in the vast waters of the Arctic as melting ice caps open sea lanes and other nations such as Russia compete for the lucrative oil and gas deposits. But the effort will take money and resources to fill the broad gaps in satellite and communications coverage, add deep-water ports and buy more ships that can withstand the frigid waters or break through the ice.French Analyst: Paris Seeking Nuclear Agreement With Tehran
Complete Power Outage Hits Southern Syria
Electricity completely went out in the Syrian capital city of Damascus and all of southern Syria on Sunday after the rebels sabotaged key power lines feeding the southern region with electricity, Syrian Minister of Electricity Emad Khamis was quoted as saying by the state-run SANA news agency.
Founder of French Website "Hollande Resignation" Arrested, Car Impounded for "Insulting the President"

## Global unrest/mob rule/angry people/torches and pitchforks ##
There is talk of revolution in the air
Russell Brand is more right than wrong. Pre-revolutionary grievances are simmering in half the world, openly in France and Italy, less openly in Russia and China. The Gini Coefficient measuring income inequality has been rising for 25 years almost everywhere, thanks to the deformed structure of globalisation.
Whose Side Are You On? Anti-Austerity Cops Face Off Against Riot Police in Portugal
Thousands of Ukrainians protest over EU deal in Kiev square that hosted Orange Revolution
Thousands Blockade NATO Route in Protest of US Drone Strikes
Thousands Protest Venezuelan President's Decree Powers
Anti-austerity protests in 55 Spanish cities
Egypt's president bans large protests

## Energy/resources ##
Energy Economist: tough times for European utilities may have a lesson for the US
This will have serious consequences for nuclear power as well. Nuclear is large-scale and capital-intensive, requiring financially healthy and well-capitalized utilities to enable the colossal investments, running costs, and back-end management that nuclear entails. Weakening of the current grid-utility system also means weakening of the grid, which nuclear power plants depend on for reliable offsite backup power during shutdowns. As we saw with Fukushima, if onsite backup is not up to the task and offsite power is lost, the result is catastrophic. Economic failure will also play into this. As I've said before, the world's nuclear power plants are all ticking time bombs. -- RF
Your Solar Panels Aren't Facing The Wrong Way
Westinghouse eyes nuclear power plants for Saudis
Saudi Arabia, the world's biggest oil producer, is pressing ahead with an ambitious plan to build a chain of nuclear power plants to boost its electricity-generating capacity to free crude oil production for export and Westinghouse Electric says it's got its eye on the kingdom's program.
Chevron throws doubt on Rosebank North Sea development
U.S. oil firm Chevron said on Friday the development of its North Sea Rosebank project was not currently economically attractive, raising doubts about a resurgence of the North Sea as fears rise over costs.
The Global Water Industry Is Headed For Explosive Growth
Eskom Says South Africa Power Plight May Run Until Month-End (2)
Eskom Holdings SOC Ltd. said South Africa's power system will remain constrained until the end of the month even as the utility told its biggest clients to cut use by 10 percent for a second day in a bid to avoid blackouts.
Taiwan will face power shortage if it scraps nuclear power: Ma
Proposal for new state ministry to address water, electricity supply shortage (Malaysia)
Water wars are coming
Power cuts cripple industrial production in Tamil Nadu
With power cuts increasing to nearly nine hours a day in several parts of the State (except Chennai), industries are hit by the drop in production.
What is Russia's Game in the Arctic?

## Got food? ##
This Is What America's School Lunches Really Look Like
Czech Republic's lack of food self-sufficiency grows
Philippines grapples with new crisis from typhoon
Food waste, overeating threaten global security

## Lifestyle Solutions ##
19 Reasons Why Willpower Fails You, And What To Do About It

## Environment/health ##
Brazil deforestation up 28%
Only Half of Drugs, Other Newly Emerging Contaminants Removed From Sewage
Typhoon Haiyan death toll rises over 5,000
Rate Of Coastal Wetlands Loss Has Sped Up, U.S. Study Says
Energy company to pay out $1m over eagle deaths at wind farms
US energy supplier Duke Energy agrees six figure settlement after pleading guilty to killing 14 eagles and 149 other birds at Wyoming wind farms
Drowning Paradise Island Nation Facing Extinction
Elevated spill risks associated with ultra-deep sea drilling

## Intelligence/propaganda/security/internet/cyberwar ##
NSA Sought Expanded Powers Last Year, New York Times Says
Twitter vs. NSA: Social media site tightens security against snooping
How the government can discover your health problems, political beliefs, and religious practices using just your metadata.
Map Shows The NSA's Massive Worldwide Malware Operations

## Systemic breakdown/collapse/unsustainability ##
Students, professors highlight 'Classrooms Of Shame'

## Japan ##
Japan Is Used To Natural Disasters, But This One Is Man-Made
Sumitomo Rubber releases petroleum-free natural rubber car tire
TEPCO, Mitsubishi plan coal-fired power plants at Fukushima
TEPCO needs Y2 trillion for non-nuclear investment
8 more JR Hokkaido sections falsified rail inspection data

## China ##
China stagnates due to debt crisis
Rows of dilapidated five-story dormitories in the city of Nantong, previously housing China Rongsheng Heavy Industries Group's 38 000 employees, were abandoned after the shipbuilder teetering on collapse cut almost 80 percent of its workers over the past two years. Most video arcades, restaurants and shops serving them have closed.
China 'flies first stealth drone' - reports
Deadly pipeline explosions in China's eastern port city Qingdao leaves 47 dead and over 150 injured
China's villages vanish amid rush for the cities
Pollution Challenges China's Urbanization Drive
China hard landing is likely: Andy Xie
China One-Child Change Won't Boost Growth
Tackling overcapacity is top priority
China's top economic planner has pledged to take unprecedented steps to tackle industrial overcapacity as official data suggest the rate of industrial capacity utilization in the first half of the year hit a four-year low.

## UK ##
RBS 'drove businesses to collapse before stripping their assets'
Hospitals scramble to prevent crisis in NHS's 'toughest ever' winter

## US ##
Unrelenting Poverty Leads To 'Desperation' In Philly Schools
How Wall Street is Bleeding Detroit Dry
Stock market passes another milestone as S&P 500 index closes above 1,800
'Knockout game' leads to arrests and more police patrols
J.C. Penney dropped from S&P 500 after stock loses more than half its value
Why Your Pension Fund Is Doomed In Five Easy Charts
The new American retirement nightmare: Many Americans find they are completely unprepared for retirement.
White House blocks access to Obama events, news groups say
More Evidence That America May Have Reached 'Peak Car'
Secession Movement Picks Up Steam in Two Unlikely States
Poverty Is America's "Only Growth Sector": Howard Davidowitz
HP may have yet another problem: China
These Charts Show That Any Fed Tapering WILL Cause Stock Markets to Collapse

And finally...
George W. Bush's artwork on Christmas ornament available for purchase
Just a suggestion, but if you have $30 to spend on this, consider donating the money to a food bank instead. -- RF
Sony files patent application for a "Smart Wig"
Watch China's fastest dishwasher clean 50 plates in 10 seconds! (Video)

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