Tuesday, December 10, 2013


News Links, December 10-11, 2013

## Global Ponzi meltdown/House of Cards ##
EADS confirms 5,800 job cuts across Europe
Aerospace and defence giant EADS says it will cut 5,800 jobs as a fall in governments' military spending begins to bite.
EU seeks to stem rising tide of cheap foreign workers
Prisoner's Dilemma Game in Greece; Contagion-Spread Eurozone Breakup More Likely Now; How will Greece NOT pay back €320 billion?
German shipping banks face $22 billion in losses: Moody's
Germany's leading shipping lenders face 16 billion euros ($22 billion) in credit losses in the coming year as a severe sector slump makes it increasingly difficult for shipowners to repay their loans, ratings agency Moody's said.
China Ships Reforms to Sea
Profits at 80 major ship makers fell by half in the first 10 months of this year compared with a year earlier, according to data from the country's shipbuilding association. Just last week, China Rongsheng Heavy Industries, the biggest nongovernment shipbuilder, predicted it may "incur a substantial net loss" for 2013.
Philippine Stocks Sink to Three-Month Low on Higher Power Prices
1 In 4 Europeans At Risk Of Poverty
French Industrial Output Drops Unexpectedly; France Finance Minister in Complete Denial; Expect the Unexpected

## Airline Death Spiral ##
Be afraid, very afraid: A 475 seat A340 proposal
The discussions were interesting from a range of perspectives, but the one that grabbed the more popular media focus abroad was the capacity of the A340s to dramatically improve operating costs by making them incredibly uncomfortable with huge numbers of tiny seats.
Qantas Plunges to Record Low With $390 Million Loss Forecast
New American Airlines chief: Fares won't go up ...for now
Alitalia pockets emergency cash, heads to union meeting
Alitalia finally secured the 300 million euros ($412 million) it needs to keep flying over Christmas, a source said on Tuesday, concluding a drawn-out capital raising that showed how much work the airline has to convince investors it can survive.

## Fault lines/flashpoints/powder kegs/military/war drums ##
Thai prime minister dissolves Parliament as protests continue
Russia's Putin Scraps Major State-Run News Agency
Iran's Zarif says nuclear deal dead if U.S. passes new sanctions
Exclusive: Russia signs deal to forgive $29 billion of Cuba's Soviet-era debt - diplomats
With US ties frayed, Saudi calls for Gulf union
French army battles militias in Central African Republic's capital
Central African Republic violence: US to fly in peacekeepers
Battle for the Arctic: Canada, Russia Spar in Northern Land Grab
Yemen natural gas complex was hit by explosives last week -operator
Ukraine president digs in heels over Russia ties despite protests
Spain's anti-protest bill criticized as anti-democratic

## Global unrest/mob rule/angry people/torches and pitchforks ##
Egypt puts Brotherhood leader on trial, students protest
Police, protesters in nightlong confrontations in Ukrainian capital
Student demonstration planned in London
Ukraine Escalates: Police Storm Protest Camp - Live Streaming
Consumers Have Had Enough, 'Rage Survey' Finds

## Energy/resources ##
Must read: Can the Power Sector Solve its Labor Crisis?
We know that the oil industry too is facing a skilled labor shortage. As long-time readers know, the ultimate cause of this shortage in the energy industry is, ironically, energy: Net energy decline brings about a downturn in economic activity, reduces the birth rate and population, and increases the difficulty and expense of educating and training workers. The overall effect of net energy decline is to push everything down toward a lower energy level and toward a smaller scale. Meanwhile, the energy industry is bucking this trend by trying to maintain the same number of skilled workers, but it's a lost cause. "Get big or get out" now works only for banks; other industries, including the energy industry, must see that the new trend is toward downsizing. -- RF
Net energy decline: Energy majors in Western Canada brace for rising labour, capital costsMajor energy companies in Western Canada are bracing for another cycle of rising costs, as planned oil sands expansions and natural gas export terminals revive fears of skill shortages and competition for materials.
Barclays: Oil, Gas Companies To Spend 6% More In 2014
Oil and gas companies will spend about $723 billion on exploration and production (E&P) in 2014, an increase of 6.1 percent from 2013, Barclays Bank said in a report on Monday.
A Powerhouse Decides to Cripple Its Mining Industry
Lebanon heading for more power blackouts. No fuel
Saudi Arabia tackles rising water demand challenges
Are We Headed for a Rare Earth Minerals Shortage? (article and infographic)
BHP Says US Shale Business To Generate Cash From 2016
BHP Billiton, the world's largest miner and a top investor in U.S. oil and gas, said on Tuesday its U.S. shale business would break even from 2016, generating cash that would grow to almost $3 billion a year by the end of the decade. Analysts have voiced concern over the growing proportion of BHP's spending being allocated to petroleum, where volumes and returns have proven disappointing for now.
Monterey Shale isn't all it's fracked up to be

## Got food? ##
Steak to become a luxury item as food prices tipped to soar by as much as 6% in 2014 (UK)
'In Meat We Trust' Argues We Got The Meat Industry We Asked For
Yep, organic milk really is better for you than regular milk
More farmers are ditching GMO crops

## Lifestyle Solutions ##
Community building: Here Comes the SUN!
Long-time readers know that I have always advocated community-building. You can't be a lone wolf, and even if you could, that's no help in building a better world for everyone. Dig in, but spread out, connect, and network. -- RF
When to Choose Wood Heat

## Environment/health ##
Got the chills yet? Invasive cockroach found in NYC that can withstand harsh winter cold
US lost more than 360,000 acres of wetlands over six year period
New H7N9 bird flu resists drugs without losing ability to spread
Scientists have found that a mutation in a new strain of bird flu infecting people in China can render it resistant to a key first-line treatment drug without limiting its ability to spread in mammals.
Fracking by the Numbers: Key Impacts of Dirty Drilling at the State and National Level

## Intelligence/propaganda/security/internet/cyberwar ##
All Major Tech Companies Say NSA Actions Put Public Trust In Internet At Risk
CIA's anti-terrorism effort called 'colossal flop'
Cellphone data flowing to law enforcement
Reports: NSA and GCHQ spy on virtual worlds, pose as players, and gather data on gamers
Hundred thousand genomes to be mapped in Saudi Arabia
Second release of secret Trans-Pacific Partnership Agreement documents (Wikileaks)
China hackers 'target EU foreign ministries'
Snowden Doc: Canada Set Up Spy Posts for NSA
NYT reporters sue Homeland Security in FOIA fight
Two reporters for The New York Times have sued the Department of Homeland Security after they were questioned at an airport as they headed to overseas assignments.
Google's future: microphones in the ceiling and microchips in your head
New House Resolution Calls for Declassifying Secret Portion of 9/11 Report
Abe offers reassurances, not safeguards, on state secrets law

## Japan ##
Japan cuts July-September economic growth estimate to 1.1 percent
Japan slashed its estimate of economic growth for the July-September quarter Monday as investment by companies slowed more than first estimated.
Three years on from Japan's nuclear emergency, the fallout continues to spread
Japan says fixing Fukushima's toxic water issues to take years
Panel sets limit on compensation to Fukushima evacuees
Fuel costs yield deficit in current account
A Building Boom in Japan Has Echoes From the Lost Decade
RS virus infections rising at record rate
The Yomiuri Shimbun November saw the highest one-week number of infections with the respiratory syncytial (RS) virus—which causes pneumonia and other serious diseases in babies and small children—since the National Institute of Infectious Diseases began keeping data on the virus in 2003.
46 Thais expelled from Japan in 2nd wave of mass deportations
Japan May Soon Start Losing Wealth

## China ##
20,000 PLA soldiers mobilized for exercise in Shandong
China's November exports up 12.7 percent year-on-year
China's Hot Money Headache
China reported strong export numbers on Sunday, in part due to demand from Western nations ahead of the holiday season. Some observers think another factor could be at play: Companies overstating the value of exports as a way to circumvent rules that restrict the flow of capital into the country.
Chinese Coal Use to Hit 4.8 Billion Metric Tons Annually by 2020
China to aid ailing shipbuilders with more subsidies
China is handing out new subsidies for buying ships to help its beleaguered shipbuilders, confounding a government pledge to reduce support for sectors with over-capacity in order to reform the economy.
China power output up 6.8 pct in Nov - stats bureau
China expresses 'regret' over South Korea air zone expansion
China's massive water diversion project starts delivering water
Priced Out: Costs Skyrocket for Expats in Beijing (video)

## UK ##
2.5m people will have to take out a loan just to afford central heating this Christmas
Some 2.5 million people will have to borrow money to heat their homes this Christmas. The shock statistics are published as energy users are hit this month with winter fuel hikes of up to £120.
Housing double whammy: A whole generation 'won't be able to buy or rent a home'

## US ##
American "Servants" Make Less Now Than They Did in 1910
Why Our Consumer-Debt Dependent Economy Is Doomed
Skyrocketing rents hit 'crisis' levels
37 Reasons Why "The Economic Recovery Of 2013″ Is A Giant Lie
Why We're Stuck with a Bubble Economy
Soaring rents are putting many families in peril
Rapidly rising rents in Massachusetts and across the country are making housing unaffordable for a significant share of families and pushing many into homelessness, according to a study released Monday by Harvard University.
US household wealth hits high of $77 trillion, driven by rising stock prices and home values
A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer.
This "wealth" is a mere mirage. Any "wealth" created by stock market and real estate bubbles will disappear when the bubbles pop. -- RF
The Most Homeless Children In New York City Since The Great Depression
US government lost around $10bn on GM bailout
Puerto Rico Economy Index Has 11th-Straight Drop in October
Wealthy Go Frugal This Holiday Amid Uneven U.S. Recovery
North Dallas drivers frustrated over gas shortage
Study Shows Driving Decline in America's Cities
Wind Energy Projects Rush to Start Construction in Advance of Expiring Tax Credit (Again)
Has Concentrated Solar Power Run Out of Steam in the US?

And finally...
Attempted tank driver crashes twice in Oregon
Fox and dog meet in the woods, form adorable friendship

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