Tuesday, December 03, 2013


News Links, December 3-4, 2013

## Global Ponzi meltdown/House of Cards ##
Unemployment Crisis Hits Economic Wunderkind Austria
Europe stock rally running out of steam: Morgan Stanley
15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble
Expect the "Practically Virtually Impossible": Spain Guarantees 30 Billion in DTAs
A Cash-Strapped Europe's Latest Craze: Rented Clothes
"Emerging Market Slowdown to Last for Years"; Comments from Saxo Bank Chief Economist
Four GCC countries to announce common currency by end-December
Junk bond issuance in Europe reaches record in 2013
PC shipments to see 'most severe yearly fall on record'
PotashCorp to lay off 1,000 plus workers
Canadian firm Potash Corp. of Saskatchewan Inc. said Tuesday it would cut about 1,045 jobs as it anticipates slow demand from emerging markets.
Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance
These 17 countries may have housing bubbles. If they pop, God help us all.
Tablet computer sales losing steam: survey
Fractional Reserve Banking: How to Create and Destroy Money

## Airline Death Spiral ##
U.S. Split With Japan on China Zone Puts Carriers in Spat
The U.S. and Japanese governments' split over how commercial airlines should operate in China's self-declared air-defense zone has put carriers at the center of an escalating political dispute.
Airlines sound alarm on possible security fee hike

## Fault lines/flashpoints/powder kegs/military/war drums ##
Japan: no change to airlines' notification policy when flying in East China Sea zone
Japanese Chief Cabinet Secretary Yoshihide Suga said on Monday there was no change to Japan's policy of not notifying Chinese authorities when its commercial aircraft fly through China's new air defense identification zone.
U.S. sends new submarine-hunting jets to Japan amid East Asia tension
US calls on China to rescind air defence zone to avoid Japan confrontation
China and Japan need emergency hotline to avoid risk of accidental war, warns US
More Chinese Air ID Zones Predicted
Japan questions China's ability to police air zone
Taiwan military jets fly into overlapping zone with China
South Korea to Expand Its Air Defense Identification Zone
Iran says seeks stronger cooperation with Saudi Arabia
Facing massive protests, Ukraine leader asks to resume talks with EU
Israeli army accused of targeting journalists
Arctic Shipping Soars, Led by Russia and Lured by Energy
Islamists attack Nigerian airbase
U.N. to deploy unarmed drones over Democratic Republic of Congo
British diplomat to visit Iran for first time in two years
Iran reaches out to rivals in Gulf monarchies
China Troubles and the Incapable Nitwits of 2014
Kim Jong Un's powerful uncle possibly sacked
After 12 Yrs of U.S. Occupation, Afghanistan Sets Record for Growing Opium
NATO to Karzai: Sign Pact or Occupation Will End

## Global unrest/mob rule/angry people/torches and pitchforks ##
Thai protestors vow to take over police headquarters
France: Trucking and equestrian industries to continue protests
Argentine Protesters vs Monsanto: "The Monster is Right on Top of Us"
US fast-food workers plan to strike in 100 cities this week
Hundreds Set Sail in 'Reverse Flotilla' to Protest Israeli Naval Blockade
China detains seven people over self-immolation protest in Tibet
Ukraine protesters urge general strike as markets hit currency
Ukraine opposition vows to keep up mass protests after government wins confidence vote
War on Democracy: Spain and Japan Move to Criminalize Protests
Anti-gentrification forces smash restaurant windows in Montreal neighbourhood on the rise
Romania riot police clear shale gas protesters
#ShutDownCanada: Anti-Fracking Actions Erupt

## Energy/resources ##
Statoil Explains why Arctic Oil Production is Decades Away
One of the biggest immediate challenges that companies will face is the cost of exploration, which is many times higher than for the rest of the world. "There's almost no prospectivity on this planet that can support drilling exploration levels for half a billion dollars each. And that's what we're talking about, half a billion dollars for some of these wells."
Thailand facing gas shortfall
Is Oil in These Out-of-The-Way Places The Next Big Play?
The fact that Indian buyers are paying a premium to Brent in order to secure Canadian oil suggests they are growing somewhat desperate. Meaning that Brent and other sweet blends must be in shorter supply than usual.
Malaysia power rates to jump 15 percent in 2014
Electricity tariffs in Malaysia will rise by around 15 percent next year, the government said on Monday, as higher-income consumers and companies in the Southeast Asian nation feel the impact of moves to cut the country's heavy fuel subsidy bill and reduce its budget deficit.
Ontario projects steady rise in electricity costs for next 20 years
The price of electricity is set to rise steadily in Ontario over the next two decades, with the most dramatic increases in the next five years.
Energy companies assessing emerging Canadian shale
Iran plans London meeting with European oil majors
Rosneft, foreign-led firms boost Russian oil output to post-Soviet record
Power outage plunges most of Venezuela into darkness
For Thanksgiving Pre-Order a LENR Rossi ECAT
Western Europe leads global refining contraction
Europe and Its Slippery Energy Slope
Global Oil Market 'Relatively' Tight, says CIBC's Spector
Iran, Iraq Put OPEC On Notice Of Big Oil Increases
Iraq Controls Kurdish Oil Exports Under New Accord, Luaibi Says
Record-breaking gas ship launched, bigger one planned
Massive Crude Inventory Drop of 12 Million Barrels: API (US)
Some curious figures here. Mistake? Crude not there in the first place? -- RF

## Got food? ##
Stealing food: one of a 'disturbing trend' of crimes on the rise (UK)
Shoplifting by people desperate for food is one of several categories of crime that are on the rise, according to provisional figures. Staples such as milk, cheese and meat are among the stolen foodstuffs police are increasingly being called out to deal with, often by people with no previous records of crime.
Dust to Dust: a man-made Malthusian crisis
Australia Food-Bowl Dream Risk as Foreigners Shunned: Eco

## Lifestyle Solutions ##
How to Hide Your Gold and Silver

## Environment/health ##
Peak Health?
Under the current energy-intensive health regime, it takes a lot of energy to maintain health. As such, a general decline in health is to be expected when energy becomes expensive. -- RF
Doctors Face A 24% Pay Cut In Both Medicare And Medicaid Reimbursements
Hong Kong confirms first human case of bird flu
Rising Slag Heaps of Petcoke in Midwest Arouse Environmental Concerns
4th meningitis case confirmed at Calif. university
Study warns of catastrophic wildlife population collapse in Sahara

## Intelligence/propaganda/security/internet/cyberwar ##
RF Safe-Stop shuts down car engines with radio pulse
One can easily imagine all the uses to which this device will be put once it is "brought to market." It won't be limited to stopping cars. -- RF
Australian passports may include voice and eye scans
Tower Dumps in SC Could Give Your Cell Data to Police
Iranian report: Israel, Saudis plotting new computer worm to sabotage our nuclear program
Only 1% of Snowden files published - Guardian editor
Congress Backs Terrorists In Syria … Then Says We Need NSA Spying Because There are Terrorists In Syria
UN starts drone surveillance in DR Congo
TSA now overseeing warrantless vehicle searches of cars parked at airports
What can you learn about me from 24 hours of my metadata?
On Monday, Guardian Australia revealed that Australia's surveillance agency, the Defence Signals Directorate (DSD), offered to share "bulk" amounts of its own citizens' metadata with intelligence partners overseas.

## Systemic breakdown/collapse/unsustainability ##
Montreal has a crack problem — but it has nothing to do with cocaine
Photo: What a difference 35 years of zombie capitalism makes...
Record Numbers Of Homeless Flood Massachusetts Even As State Shelters Overflowing
'Peak toilet' problem puts brakes on northwest development (Canada)
Why Are So Many Wealthy People Building Futuristic High Tech Security Bunkers?

## Japan ##
Currency Suicide: Japan Experiencing The Ugly Effects Of Its Own Policy
Japan Salaries Extend Slide as Inflation Begins to Take Root
Japan's salaries extended the longest tumble since 2010, increasing pressure on household finances as inflation begins to take root. Regular wages excluding overtime and bonuses fell 0.4 percent in October from a year earlier, a 17th straight monthly decline, according to labor ministry data released today.
Japan set to pass state secret law despite growing opposition
LDP's Ishiba apologizes for 'terrorism' comment over protests to secrecy bill
Airlines urged to defy China's ADIZ
The government repeated Monday that it will continue to urge the nation's airlines not to comply with the rules laid down in China's recently, unilaterally declared air defense identification zone over the East China Sea that includes the disputed, Japan-held Senkaku islets.
Bank of Japan considers options to expand stimulus
Radiation 36,000 times permissible level found in water at Fukushima plant
Unprocessed radioactive waste in Tokai could explode if safeties fail
Stockpiles of unprocessed plutonium solutions and liquid waste at a nuclear reprocessing facility in Tokai, Ibaraki Prefecture, could boil and spew radioactive substances or cause hydrogen explosions if safety devices were to fail, the Nuclear Regulation Authority says.
Tepco expects 1,700 to quit by March
Little progress made on road, bridge repair
Monday marked the first anniversary of the fatal collapse of the dilapidated ceiling in the Chuo Expressway's Sasago Tunnel in Yamanashi Prefecture, but there has been little progress since in repairing and maintaining old roads, bridges and other infrastructure around the nation.
Housing recovery slow after 1,000 days
A thousand days have passed since the Great East Japan Earthquake struck. However, only 1.2 percent of the planned land development for collective relocation of disaster-affected communities and construction of publicly operated housing have materialized, according to a survey conducted by The Yomiuri Shimbun.
Tohoku residents leave as reconstruction lags
Just as I — and many other people — have said from the outset, what was lost in the earthquake and tsunami will never be rebuilt because energy is too expensive. Aside from that, aged infrastructure all over the country is creaking, chipping, and cracking, but cannot be repaired or rebuilt fast enough. -- RF

## China ##
Shanghai Warns Children to Stay Indoors on Air Pollution
Banks cutting off first-time buyers from property loans in China
Chinese authorities conduct unannounced 'inspections' of Bloomberg News bureaus
Yuan exchange zone suggested by China bank
China's central bank is proposing free convertibility of the yuan in special accounts in Shanghai's free-trade zone as the nation loosens control of its exchange rate.

## UK ##
Autumn Statement 2013: Britain can no longer afford welfare state, warns Osborne
Fuel poverty: Ministers 'shifting goal posts'
A committee of MPs has accused ministers of "shifting the goal posts" to reduce the number of households in England classed as in fuel poverty.
'Amount of electricity we use is a luxury', National Grid exec says
Biggest drop in savings for 40 years, Bank of England figures reveal
Bank figures show £23 billion taken out of long-term savings in past 12 months, equivalent to £900 for every UK household
RBS and NatWest in 'Cyber Monday' payment cards meltdown
Millions believed to be affected as technical glitches see customers stuck at petrol pumps and abandoning trolleys

## US ##
Disappearing act: U.S. banks drop under 7,000
The number of U.S banks has dropped to numbers unseen since the days of the Great Depression, a federal regulator said.
With Top 4 US Banks Holding $217 Trillion In Derivatives, Total Number Of US Banks Drops To Record Low
Cost Of Items In '12 Days Of Christmas' Tops $114,000
Wow – The Holiday Shopping Season Is Off To A Horrible Start
Super Bowl to come with $70M price tag
Companies, academics say budget cuts threaten U.S. competitiveness
Mandatory U.S. budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine U.S. competitiveness in the global economy, industry executives and academics said on Monday, urging Congress to reverse the cuts.
Unemployment Benefit Program Set To Expire At Year's End
More than 1 million people will see their extended unemployment benefits immediately cut off at the end of the month if Congress doesn't act.
Amazon.com considering unmanned aircraft to deliver purchases quicker than a pizza
Here's Why Amazon Drone Package Delivery May Never Happen
Mars Inc. to Libertarians Thwart Food Stamp Health Limits
Oregon Girl Barred From Selling Mistletoe But Told Okay to Beg
Judge OK's Detroit Bankruptcy, Puts Public Pensions Under the Axe
Pension Battle Shifts to San Jose, San Bernardino, Stockton; Rights of Dinosaurs vs. "Right Thing"
GM Channel Stuffing Surges To Second Highest Ever
Drilling California: A Reality Check on the Monterey Shale
McDonald's has bigger problems than $15/hour wages

And finally...
Luxury hotel creates 'Shanty Town' slum for superrich
Guests at South Africa's Emoya Luxury Hotel & Spa who tire of the usual upscale amenities can ditch those digs for a more down-to-earth experience at the hotel's own "Shanty Town" (pictured).
Venus and Mars: Male and Female Brains Really Are Built Differently

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