Thursday, February 28, 2013
News Links, February 28-March 1, 2013
## Global Ponzi meltdown/House of Cards ##
Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
Spain recession deeper than thought
"Spain's National Statistics Office says the country's recession is worse than previously thought with the economy shrinking by 0.8 percent in the fourth quarter of 2012 compared with the previous three-month period."
"Spain's National Statistics Office says the country's recession is worse than previously thought with the economy shrinking by 0.8 percent in the fourth quarter of 2012 compared with the previous three-month period."
## Airline Death Spiral ##
US airlines deliver a 0.1% profit margin as government-induced havoc looms
"US airlines moved closer to the razor's edge during 2012 after collectively recording a profit margin of 0.1%. While the 10 largest airlines in the country may be commended for sustaining a three-year profit streak amidst record high fuel prices, they could find it tough to find creative ways to continue to achieve profitability as the potential to tap ancillary revenues reaches its peak."
FAA Chief: 'Great Deal of Testing' Needed Before 787 Flies Again
"US airlines moved closer to the razor's edge during 2012 after collectively recording a profit margin of 0.1%. While the 10 largest airlines in the country may be commended for sustaining a three-year profit streak amidst record high fuel prices, they could find it tough to find creative ways to continue to achieve profitability as the potential to tap ancillary revenues reaches its peak."
FAA Chief: 'Great Deal of Testing' Needed Before 787 Flies Again
Beijing proposes world's largest airport
"Beijing is planning to build a new airport with an annual traveler capacity of 100 million people. The new airport will become the world's largest airport hub, larger than the current Beijing Capital International Airport."
"Beijing is planning to build a new airport with an annual traveler capacity of 100 million people. The new airport will become the world's largest airport hub, larger than the current Beijing Capital International Airport."
No Aviation Fuel At Airport (Ghana)
Will fares rise on American/US Airways? Bet on it!
Lawmakers worry hub airports might lose in American-US Airways merger
Lawmakers worry hub airports might lose in American-US Airways merger
## Fault lines/flashpoints/powder kegs/military/war drums ##
Mexico estimates 26,000 missing since 2006
Mexico estimates 26,000 missing since 2006
The sanctions are failing and the US et al. are looking for a face-saving out. -- RF
## Global unrest/mob rule/angry people/torches and pitchforks ##
Guinea security forces clash with protesters
## Energy/resources ##
Land usable for biofuel said overestimated
"Land suitable for cultivating biofuel crops has been vastly overestimated, European researchers say, and they have reduced the estimate by almost 80 percent."
"Land suitable for cultivating biofuel crops has been vastly overestimated, European researchers say, and they have reduced the estimate by almost 80 percent."
Petrol and diesel: Fuel shortage hits the Gambia
"A crippling fuel shortage has hit the tiny West African State of The Gambia since Monday forcing up the prices of petrol and diesel. The price of petrol has increased from 50 delasis to 65 delasis, about US$2 dollars, per litre while diesel is selling at 50 delasis, about US$1.50, from 48 delasis."
"A crippling fuel shortage has hit the tiny West African State of The Gambia since Monday forcing up the prices of petrol and diesel. The price of petrol has increased from 50 delasis to 65 delasis, about US$2 dollars, per litre while diesel is selling at 50 delasis, about US$1.50, from 48 delasis."
Power shortage looms anew in Mindanao (Philippines)
"It gets pretty serious and it gets serious in a hurry."
British envoy calls for action against Jewish settlements
"Britain's envoy to east Jerusalem has joined an unprecedented European call for sanctions against Jewish settlements amid deepening gloom over the prospects for peace between Israel and the Palestinians."
"Britain's envoy to east Jerusalem has joined an unprecedented European call for sanctions against Jewish settlements amid deepening gloom over the prospects for peace between Israel and the Palestinians."
Fracking Hell? How Poland's dash for gas turned sour
## Got food? ##
Architect: Vertical farm in San Diego would revolutionize U.S. produce consumption
## Got food? ##
Architect: Vertical farm in San Diego would revolutionize U.S. produce consumption
Don't count on this for your food supply. -- RF
Short answer: higher food prices. -- RF
"If you've ever wondered why the sushi in the display case is so affordable, given the dire state of the world's tuna supply, well, now you know."
Food items shrink -- but prices don't
## Environment/health ##
Famed giant Pacific leatherback turtle faces extinction in 20 years
## Environment/health ##
Famed giant Pacific leatherback turtle faces extinction in 20 years
## Intelligence/propaganda/security/internet/cyberwar ##
NATO, European governments, hit by "MiniDuke" cyber attack
"Hackers targeted dozens of computer systems at government agencies across Europe through a flaw in Adobe Systems Inc's software, security researchers said on Wednesday, while NATO said it too had been attacked."
China says U.S. routinely hacks Defense Ministry websites
"Two major Chinese military websites, including that of the Defense Ministry, were subject to about 144,000 hacking attacks a month last year, almost two-thirds of which came from the United States, the ministry said on Thursday."
"Two major Chinese military websites, including that of the Defense Ministry, were subject to about 144,000 hacking attacks a month last year, almost two-thirds of which came from the United States, the ministry said on Thursday."
Over 1,000 targeted cyber-attacks hit Japanese entities in 2012
New sophisticated malware targets 23 countries, including Israel
New sophisticated malware targets 23 countries, including Israel
Looming oil industry skills shortage could cost sector dearly
Workers Adding to Egyptian Chaos as Strike Wave Disrupts Economy
Workers Adding to Egyptian Chaos as Strike Wave Disrupts Economy
Almost no wheat is produced domestically, so this will hit food budgets hard. -- RF
TEPCO mulls cutting off power to companies refusing rate hike
"Tokyo Electric Power Co. may suspend power supply to companies and factories that are refusing to accept the utility's higher electricity rates, which it has increased since April last year by an average of 14.9 percent, a company official said Wednesday."
"Tokyo Electric Power Co. may suspend power supply to companies and factories that are refusing to accept the utility's higher electricity rates, which it has increased since April last year by an average of 14.9 percent, a company official said Wednesday."
Any lift will be only temporary, and the government will be left with more debt. -- RF
Japanese automakers see 10.6% fall in Jan. domestic output"Eight major Japanese automakers reported on Wednesday their combined domestic output in January plunged 10.6 percent from a year earlier to 714,580 vehicles as domestic sales sagged after last September's termination of government subsidies for eco-friendly vehicle purchases."
China Provinces Cut Growth Targets Over Debt Concerns
"Almost half of China's provinces are setting their growth sights lower in the wake of the central government's emphasis on the quality of expansion over speed, a sign of an increased focus on tackling rising debt."
"Almost half of China's provinces are setting their growth sights lower in the wake of the central government's emphasis on the quality of expansion over speed, a sign of an increased focus on tackling rising debt."
China plans bond overhaul to fund $6 trillion urbanization - sources
"China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor."
"China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor."
## UK ##
High street closure toll could reach 28 stores a day
"Almost 2,000 retail sites closed in 2012 and report predicts many more will shut up shop this year"
Detroit on the Brink
Roubini: Fed's Credit Bubble May Be Bigger Than 2003-06
America must not "dictate" to world, new defense chief says
Roubini: Fed's Credit Bubble May Be Bigger Than 2003-06
America must not "dictate" to world, new defense chief says
U.S. oil needs should keep it in Mideast
"The United States was more reliant on Middle East oil imports in 2012 than in previous years, emphasizing how important the region remains for Washington."
"The United States was more reliant on Middle East oil imports in 2012 than in previous years, emphasizing how important the region remains for Washington."
And finally…
Pat Robertson: Second-hand sweaters could have demons attached
Tuesday, February 26, 2013
News Links, February 27, 2013
## Global Ponzi meltdown/House of Cards ##
From Asia to Europe markets slide
Italy's split vote threatens to revive financial crisis in Europe
India's railway budget sets tone for austerity year
"India reined in spending on its vast but decrepit rail network on Tuesday, setting the tone for what is expected to be the most austere federal budget in years in two days' time as the government struggles to tame its fiscal deficit."
Is Asia Heading for a Debt Crisis?
Australia's Whitehaven Coal slides into the red
Alternative Currency Goes Mainstream As Bitcoin ATMs Emerge
From Asia to Europe markets slide
Italy's split vote threatens to revive financial crisis in Europe
India's railway budget sets tone for austerity year
"India reined in spending on its vast but decrepit rail network on Tuesday, setting the tone for what is expected to be the most austere federal budget in years in two days' time as the government struggles to tame its fiscal deficit."
Is Asia Heading for a Debt Crisis?
Australia's Whitehaven Coal slides into the red
Alternative Currency Goes Mainstream As Bitcoin ATMs Emerge
## Airline Death Spiral ##
Air France flies into red
Sequester could hurt Washington state's Olympia Airport
"The air traffic control tower at Olympia Regional Airport is among hundreds of towers at regional airports throughout the country that could close as a result of the federal government's "sequestration," the term used to describe $85 billion in automatic spending cuts."
Sequester could hurt Washington state's Olympia Airport
"The air traffic control tower at Olympia Regional Airport is among hundreds of towers at regional airports throughout the country that could close as a result of the federal government's "sequestration," the term used to describe $85 billion in automatic spending cuts."
## Fault lines/flashpoints/powder kegs/military/war drums ##
Police: Gaza militants fire rocket into Israel
Kerry: US to Hasten Syria Regime Change
## Global unrest/mob rule/angry people/torches and pitchforks ##
Mexican Farmers Protest The Entrance of GMO Corn (video)
## Global unrest/mob rule/angry people/torches and pitchforks ##
Mexican Farmers Protest The Entrance of GMO Corn (video)
Colombia greets coffee strike with force
"National Police in Colombia said 15,000 policemen are reporting to duty to maintain order as an estimated 30,000 coffee growers staged demonstrations."
"National Police in Colombia said 15,000 policemen are reporting to duty to maintain order as an estimated 30,000 coffee growers staged demonstrations."
Egyptian protesters fight off police attempt to clear Tahrir Square sit-in
Shutter down strike observed against load shedding in Landikotal (Pakistan)
Shutter down strike observed against load shedding in Landikotal (Pakistan)
## Energy/resources ##
Interior Ministry downplays power outage scare while affirming enough energy in April
Global Peak Oil Production — Where to Invest and Profit
Global Peak Oil Production — Where to Invest and Profit
Investing and profiting aside, take a look at the graphs the author brings together here. -- RF
China, Russia reach consensus on oil supplies
## Infrastructure scavenging ##
Metal thieves steal £4,000 worth of drain lids in Glamorgan (UK)
## Got food? ##
Winter storm boosts U.S. wheat outlook, hampers cattle industry
## Infrastructure scavenging ##
Metal thieves steal £4,000 worth of drain lids in Glamorgan (UK)
## Got food? ##
Winter storm boosts U.S. wheat outlook, hampers cattle industry
Ikea pulls meatballs in over 20 countries
Ecuador Imposes Food Price Controls Despite Strong Business Opposition
Ecuador Imposes Food Price Controls Despite Strong Business Opposition
## Environment/health ##
Blink and you'll miss it: how species are being lost before they're even found
## Intelligence/propaganda/security/internet/cyberwar ##
Mobile World: South Korea warns of 4G curse
Stuxnet Had Earlier, Potentially Explosive Version, Symantec Says
"The developers behind Stuxnet, the computer worm that damaged an Iranian nuclear plant in 2010, began their work on the malware earlier than previously known and experimented with multiple attack techniques, according to new research by Symantec Corp."
"The developers behind Stuxnet, the computer worm that damaged an Iranian nuclear plant in 2010, began their work on the malware earlier than previously known and experimented with multiple attack techniques, according to new research by Symantec Corp."
## China ##
China's riskiest property market just collapsed. Is this how it starts?
China Overheating? Biggest Weekly Cash Drain in History; Questions Surface Over Chinese Growth Numbers
China considers overhaul to streamline government
China Overheating? Biggest Weekly Cash Drain in History; Questions Surface Over Chinese Growth Numbers
China considers overhaul to streamline government
Negative interest rates idea floated by Bank's Paul Tucker
## US ##
Bernanke Admits QE Distorts Markets, Brags Of 'Best' Inflation Record As Fed Chairman
JP Morgan Chase takes job cuts up to 19,000
## US ##
Bernanke Admits QE Distorts Markets, Brags Of 'Best' Inflation Record As Fed Chairman
JP Morgan Chase takes job cuts up to 19,000
Among Oscars Fanfare, Visual Effects Industry Faces Difficult Times
"In a business where effects-laden movies helped Hollywood make a record-setting $10.8 billion last year, many of the studios that create those effects are barely staying afloat."
"In a business where effects-laden movies helped Hollywood make a record-setting $10.8 billion last year, many of the studios that create those effects are barely staying afloat."
And finally…
I believe it. -- RF
That includes the US leadership. -- RF
Monday, February 25, 2013
News Links, February 26, 2013
## Global Ponzi meltdown/House of Cards ##
Volkswagen's Start to Year Is Worse Than in 2012, Poetsch
"Volkswagen AG (VOW) predicted the first quarter would be worse than a year earlier, adding to a forecast last week that 2013 operating profit probably wouldn't increase as Europe's auto market shrinks."
Volkswagen's Start to Year Is Worse Than in 2012, Poetsch
"Volkswagen AG (VOW) predicted the first quarter would be worse than a year earlier, adding to a forecast last week that 2013 operating profit probably wouldn't increase as Europe's auto market shrinks."
Lies, Damned Lies, And Banks: Deutsche Bank Caught Again
Egypt Seeks Up to $1 Billion From Debut Sukuk
Euro zone economy to shrink again in 2013, EU says
EU Doesn't Like Its Forecasts, So It Removes Them From Its Site
PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again
## Airline Death Spiral ##
When full-service airlines go budget
Egypt Seeks Up to $1 Billion From Debut Sukuk
Euro zone economy to shrink again in 2013, EU says
EU Doesn't Like Its Forecasts, So It Removes Them From Its Site
PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again
## Airline Death Spiral ##
When full-service airlines go budget
## Fault lines/flashpoints/powder kegs/military/war drums ##
Obama to Inform Netanyahu of Plans for Summer Iran War
Karzai Orders U.S. Special Forces Out of Afghan Province
Karzai Orders U.S. Special Forces Out of Afghan Province
Chinese transport "workhorses" extending military's reach
"China is expanding its long-neglected fleet of supply ships and heavy-lift aircraft, bolstering its military prowess in support of missions to enforce claims over disputed territory and to defend Chinese interests abroad."
"China is expanding its long-neglected fleet of supply ships and heavy-lift aircraft, bolstering its military prowess in support of missions to enforce claims over disputed territory and to defend Chinese interests abroad."
South Korean merchants plan Japan boycott
"South Korea's self-employed merchants said Monday they plan to boycott Japanese products to protest Tokyo's latest sovereignty claim to a pair of islets controlled by South Korea, according to Yonhap News Agency."
"South Korea's self-employed merchants said Monday they plan to boycott Japanese products to protest Tokyo's latest sovereignty claim to a pair of islets controlled by South Korea, according to Yonhap News Agency."
## Global unrest/mob rule/angry people/torches and pitchforks ##
Bulgarian protests for cheaper energy intensify
## Energy/resources ##
Maharashtra's power ambitions take a blow (India)
"Maharashtra's hopes of turning into a power-surplus state in 2013-14 have taken a knock with water scarcity forcing a shutdown of the 1,130-MW Parli power project and poor gas supply hitting the Dabhol and Uran power projects. The statewide shortfall now is 4,000 MW."
"Maharashtra's hopes of turning into a power-surplus state in 2013-14 have taken a knock with water scarcity forcing a shutdown of the 1,130-MW Parli power project and poor gas supply hitting the Dabhol and Uran power projects. The statewide shortfall now is 4,000 MW."
Silicon Valley Shifting to Power Grid After Solar Sours
"Silicon Valley investors that helped build the solar industry are shifting cash into electricity-grid technology and energy-storage developers after bets on panel manufacturers failed to pay off."
"Silicon Valley investors that helped build the solar industry are shifting cash into electricity-grid technology and energy-storage developers after bets on panel manufacturers failed to pay off."
Chesapeake Deal Values Oklahoma Oilfield Below Estimate
"China Petrochemical Corp., the second-largest energy producer in the most-populous nation, agreed to buy a stake in a U.S. oilfield from Chesapeake Energy Corp. (CHK) for less than one-third of its estimated value."
"China Petrochemical Corp., the second-largest energy producer in the most-populous nation, agreed to buy a stake in a U.S. oilfield from Chesapeake Energy Corp. (CHK) for less than one-third of its estimated value."
Iraq oil payment talks 'hit impasse'
"Iraq talks aimed at resolving an oil payments dispute with Kurdistan are believed to have hit deadlock, while reported deals signed by Russia's Gazprom Neft with the regional government are set to further strain relations with the Baghdad regime."
"Iraq talks aimed at resolving an oil payments dispute with Kurdistan are believed to have hit deadlock, while reported deals signed by Russia's Gazprom Neft with the regional government are set to further strain relations with the Baghdad regime."
Bangladesh, China, India, Myanmar urge joint ventures in energy sector
How do you find oil in the desert? Drill 2 miles deep
How do you find oil in the desert? Drill 2 miles deep
Hundreds of houses in Beddington and Croydon will be without phones and internet for over a week
## Got food? ##
## Got food? ##
Native American Gardening: The Three Sisters and More
Feedlots, meatpackers closing as cattle herds shrink (US)
"Meatpacking plants and feedlots have been closing because of the shortage of cattle after years of drought, and the impact will be felt in grocery and restaurant bills as a smaller meat supply means higher prices."
Feedlots, meatpackers closing as cattle herds shrink (US)
"Meatpacking plants and feedlots have been closing because of the shortage of cattle after years of drought, and the impact will be felt in grocery and restaurant bills as a smaller meat supply means higher prices."
Instead of Trying to Feed the World, Let's Help It Feed Itself
"We know about the ecological problems that follow when farmers are asked to 'feed the world.' What would happen if they just tried to feed their neighbors instead?"
"We know about the ecological problems that follow when farmers are asked to 'feed the world.' What would happen if they just tried to feed their neighbors instead?"
## Environment/health ##
Ancient Chompers Were Healthier Than Ours
"Prehistoric humans didn't have toothbrushes. They didn't have floss or toothpaste, and they certainly didn't have Listerine. Yet somehow, their mouths were a lot healthier than ours are today."
## Intelligence/propaganda/security/internet/cyberwar ##
House Intelligence Chairman: U.S. 'Losing' Cyber War
House Intelligence Chairman: U.S. 'Losing' Cyber War
After Fukushima: families on the edge of meltdown
"Two years after the Fukushima nuclear disaster, a new phenomenon is on the rise: atomic divorce. Abigail Haworth reports on the unbearable pressures and prejudices being faced by those caught in the radiation zone"
"Two years after the Fukushima nuclear disaster, a new phenomenon is on the rise: atomic divorce. Abigail Haworth reports on the unbearable pressures and prejudices being faced by those caught in the radiation zone"
Forgotten Fukushima-Japan Two Years After the Daiichi Accident
Goldman Said to Plan Cutting Tokyo Office Space to Reduce Costs
Goldman Said to Plan Cutting Tokyo Office Space to Reduce Costs
A war over Diaoyutais will cripple China's economy: economist
China to Increase Fuel Prices for First Time Since September
China to Increase Fuel Prices for First Time Since September
Labor shortage hits Chinese businesses after holidays
China's mainland home to 247 'cancer villages'
China's mainland home to 247 'cancer villages'
## UK ##
Ofgem chief warns of looming 'crisis' over energy shortage
"Ofgem's chief executive has warned of the UK's lack of energy capacity, labelling the period between 2015 and 2018 as a 'near-crisis'."
Britain will take years to earn back AAA rating, says Ken Clarke
"Ofgem's chief executive has warned of the UK's lack of energy capacity, labelling the period between 2015 and 2018 as a 'near-crisis'."
Britain will take years to earn back AAA rating, says Ken Clarke
Sunday, February 24, 2013
News Links, February 23-25, 2013
## Global Ponzi meltdown/House of Cards ##
RBS India Unit to Cut Jobs as It Closes Retail Business
RBS India Unit to Cut Jobs as It Closes Retail Business
RBS and Lloyds expected to report significant annual losses
Mammoth debt hangs over next Italian government
Mammoth debt hangs over next Italian government
Rising property rents lead to exodus from prime Dubai areas
Unions say redundant Telecom workers may leave country (NZ)
"The Council of Trade Unions says workers soon to be made redundant by Telecom will struggle to find employment in New Zealand."
Unions say redundant Telecom workers may leave country (NZ)
"The Council of Trade Unions says workers soon to be made redundant by Telecom will struggle to find employment in New Zealand."
Transpacific to cut 200 jobs (NZ)
"Waste management company Transpacific Industries will axe 200 jobs as it seeks to lower costs amid weakness in its manufacturing and industrial markets."
"Waste management company Transpacific Industries will axe 200 jobs as it seeks to lower costs amid weakness in its manufacturing and industrial markets."
Are 'extractive elites' sucking the life out of Canada's economy?
"Politicians in the developed world are preoccupied with dividing up a diminishing pie, not a growing one."
"Politicians in the developed world are preoccupied with dividing up a diminishing pie, not a growing one."
Vietnam Inflation Rate Eases as Economy Struggles to Revive
"Vietnam's inflation eased in February as domestic consumption struggled to rebound after a credit crunch that slowed economic growth to a 13-year low."
"Vietnam's inflation eased in February as domestic consumption struggled to rebound after a credit crunch that slowed economic growth to a 13-year low."
## Airline Death Spiral ##
U.S. air travelers will feel budget cut effects quickly: union
"U.S. air travelers will face increased delays and potentially higher prices if cuts to the U.S. Transportation Department's budget go into effect on March 1 as part of planned across-the-board government reductions, the National Air Traffic Controllers Association said on Friday."
U.S. air travelers will feel budget cut effects quickly: union
"U.S. air travelers will face increased delays and potentially higher prices if cuts to the U.S. Transportation Department's budget go into effect on March 1 as part of planned across-the-board government reductions, the National Air Traffic Controllers Association said on Friday."
## Fault lines/flashpoints/powder kegs/military/war drums ##
Russia leases planes to Cuba, writes off Soviet debt
"Russia will lease eight jets worth $650 million to its Cold War- era ally Cuba and will partially write off the country's multi-billion-dollar, Soviet-era debt under agreements signed during Prime Minister Dmitry Medvedev's visit to Havana on Thursday."
Iran says it has brought down a foreign spy drone
"Iran's Revolutionary Guards have brought down a foreign surveillance drone during a military exercise, the official Islamic Republic News Agency said on Saturday."
"Iran's Revolutionary Guards have brought down a foreign surveillance drone during a military exercise, the official Islamic Republic News Agency said on Saturday."
Activists launch campaign against 'autonomous weapons': Killer robots must be stopped
Chinese vessel enters Japan's territorial waters
"A Chinese fisheries patrol vessel sailed inside Japanese territorial waters near the disputed Senkaku Islands in the East China Sea for the second consecutive day on Sunday, the Japan Coast Guard said."
Chinese vessel enters Japan's territorial waters
"A Chinese fisheries patrol vessel sailed inside Japanese territorial waters near the disputed Senkaku Islands in the East China Sea for the second consecutive day on Sunday, the Japan Coast Guard said."
## Global unrest/mob rule/angry people/torches and pitchforks ##
Israeli forces, Palestinians clash throughout West Bank
Egypt Food Manufacturer Closes Business After Workers Protest
"Faragalla Group, an Egyptian food producer, said it shut down its factories yesterday after workers stormed the complex to demand higher pay. The plants, located near Alexandria, halted production after they were raided by more than 200 workers, some of them carrying swords."
"Faragalla Group, an Egyptian food producer, said it shut down its factories yesterday after workers stormed the complex to demand higher pay. The plants, located near Alexandria, halted production after they were raided by more than 200 workers, some of them carrying swords."
## Energy/resources ##
Govt 'asleep at wheel' on Solid Energy
"Solid Energy is currently in crisis talks with Treasury and its bankers over ballooning debts now totalling $389 million."
Govt 'asleep at wheel' on Solid Energy
"Solid Energy is currently in crisis talks with Treasury and its bankers over ballooning debts now totalling $389 million."
Threats posed by diesel shortage (Egypt)
Manufacturers plan power cut back (Thailand)
Iran Announces New Uranium Deposits: Don't Panic!
"Iran has announced some new uranium finds in the country. The real story though is that there's very little indeed to this story. The amount they're claiming to have is trivial, less that the fertiliser industry has lying around Florida for example."
"Iran has announced some new uranium finds in the country. The real story though is that there's very little indeed to this story. The amount they're claiming to have is trivial, less that the fertiliser industry has lying around Florida for example."
We Have All Eaten Horse, Like It or Not
"For years, there's been horse meat in hamburgers, lasagnas, raviolis, tortellinis, sausages, prepared spaghetti bolognese, bottled bolognese sauce, chili con carne, shepherd's pie, moussaka, many other "meat dishes," frozen and not, cheap and expensive."
"For years, there's been horse meat in hamburgers, lasagnas, raviolis, tortellinis, sausages, prepared spaghetti bolognese, bottled bolognese sauce, chili con carne, shepherd's pie, moussaka, many other "meat dishes," frozen and not, cheap and expensive."
## Lifestyle Solutions ##
Family Has Been Living Without Money for Two Years, By Choice
Family Has Been Living Without Money for Two Years, By Choice
Already many people in the world are living with little or no money, but not by choice. -- RF
Fracking has a Lesson to Learn from the Sinking City
Siberian permafrost thaw warning sparked by cave data
Siberian permafrost thaw warning sparked by cave data
Wind farms will create more carbon dioxide, say scientists
"Thousands of Britain's wind turbines will create more greenhouse gases than they save, according to potentially devastating scientific research to be published later this year."
"Thousands of Britain's wind turbines will create more greenhouse gases than they save, according to potentially devastating scientific research to be published later this year."
## Intelligence/propaganda/security/internet/cyberwar ##
India says warned of bombs that killed 16 in IT hub Hyderabad
India says warned of bombs that killed 16 in IT hub Hyderabad
"Security officers and their consultants say they are overwhelmed. The attacks are not only from China, which Washington has long accused of spying on U.S. companies, many emanate from Russia, Eastern Europe, the Middle East, and Western countries. Perpetrators range from elite military units to organized criminal rings to activist teenagers."
NBC.com back online after getting hacked
## Systemic breakdown ##
Honk Kong apartments so small they can only be shot from above [PHOTOS]
## Systemic breakdown ##
Honk Kong apartments so small they can only be shot from above [PHOTOS]
And yet governments, businesses, and economists insist we need more people. -- RF
Crisis looms as local government debt to mature this year
"China's local government debt crisis has been getting worse as national statistics show that 53% of local government debt will be due by the end of 2013, when local governments enter a peak period for repaying loans."
"China's local government debt crisis has been getting worse as national statistics show that 53% of local government debt will be due by the end of 2013, when local governments enter a peak period for repaying loans."
China's countrymen struggling with a 'sick' Mother Earth
China to form carrier battle groups in five years: general
China to form carrier battle groups in five years: general
## UK ##
UK Suffers Blow, Pound Seen Under New Pressure
Turning off Britain's Lights Could Save £1.192 Billion a Year
Fuel Shortage Fears As BP Tanker Strike Begins
## US ##
Pentagon grounds F-35 fleet after engine crack found
Turning off Britain's Lights Could Save £1.192 Billion a Year
Fuel Shortage Fears As BP Tanker Strike Begins
## US ##
Pentagon grounds F-35 fleet after engine crack found
Forbes: Detroit most miserable U.S. city
Radioactive waste leaking from 6 tanks at Washington state nuclear site
Radioactive waste leaking from 6 tanks at Washington state nuclear site
Bankrupt San Bernardino Hires Twice Bankrupt Manager for Annual Salary of $222,000
At $47,802, Oscar swag bags cheapest in 5 years
Your Stolen iPhone May Be in China or Africa
At $47,802, Oscar swag bags cheapest in 5 years
Your Stolen iPhone May Be in China or Africa
Includes videos showing proper technique! -- RF
News Links, February 21-22, 2013
## Global Ponzi meltdown/House of Cards ##
Caterpillar Sales Latest Cratering Confirm Global Growth Slowdown
Caterpillar Sales Latest Cratering Confirm Global Growth Slowdown
Global Leading Indicator Shows Slowdown Dead-Ahead
Spain Just Issued a Warning: the System is Blowing Up Again
Spain Just Issued a Warning: the System is Blowing Up Again
France Sinks Further Into Gutter; PMI Accelerates to 4-Year Low; "Core" of Europe Now Consists of Germany Only
Canadian housing market still cooling as prices decline for fifth month straight
Canadian housing market still cooling as prices decline for fifth month straight
Lufthansa Cuts to Shrink First-Class Fleet Below British Airways
Surely Congress Would Know Better Than to Hurt Airlines. No?
Surely Congress Would Know Better Than to Hurt Airlines. No?
## Fault lines/flashpoints/powder kegs/military/war drums ##
Bulgaria govt resigns amid growing protests
China Shoehorns Its Way Into The U.S.-Australia Relationship
"History and money link the U.S. and Australia but that's not stopping China from shoehorning its way into the relationship at a business a level, as well as in laying the foundations for a push to replace the U.S. in a region it regards as its backyard and a critical supplier of raw materials."
"History and money link the U.S. and Australia but that's not stopping China from shoehorning its way into the relationship at a business a level, as well as in laying the foundations for a push to replace the U.S. in a region it regards as its backyard and a critical supplier of raw materials."
Iran nuke unlikely to start Mideast arms race: report
Analysis: Iran economy far from collapse as sanctions tighten
Analysis: Iran economy far from collapse as sanctions tighten
Major powers to make "substantial and serious offer" to Iran
"Major powers are ready to make "a substantial and serious offer" to Iran during talks next week in return for concessions on its nuclear program, a Western diplomat said on Wednesday."
"Major powers are ready to make "a substantial and serious offer" to Iran during talks next week in return for concessions on its nuclear program, a Western diplomat said on Wednesday."
Anti-piracy service offered by Eos Risk
"A British firm is launching a maritime security service for commercial vessels transiting the Gulf of Guinea, a high-risk zone for piracy."
"A British firm is launching a maritime security service for commercial vessels transiting the Gulf of Guinea, a high-risk zone for piracy."
Portugal seizes huge haul of fake euros
"Portuguese police say they have made the largest ever seizure of fake euro notes, worth more than 380,000 euros (£331,000)."
"Portuguese police say they have made the largest ever seizure of fake euro notes, worth more than 380,000 euros (£331,000)."
At Least 12 Killed in Hyderabad Blasts in India
"Security forces across India went on high alert Thursday after at least 12 people were killed and more than 70 injured in two explosions in Hyderabad city, in what state and federal officials suspect was a coordinated terror strike."
"Security forces across India went on high alert Thursday after at least 12 people were killed and more than 70 injured in two explosions in Hyderabad city, in what state and federal officials suspect was a coordinated terror strike."
## Global unrest/mob rule/angry people/torches and pitchforks ##
Thousands protest in Armenia after president re-elected
"About 5,000 flag-waving protesters rallied on Wednesday against Armenian President Serzh Sarksyan's re-election, saying his victory was tainted by fraud."
"About 5,000 flag-waving protesters rallied on Wednesday against Armenian President Serzh Sarksyan's re-election, saying his victory was tainted by fraud."
## Energy/resources ##
Pakistan State Oil 'on its knees', more blackouts threatened
"Pakistan State Oil may default on payments due this month unless state-run companies at least partially pay for their oil, a spokeswoman said on Thursday, putting energy supply at risk and threatening increased blackouts ahead of key elections."
"Pakistan State Oil may default on payments due this month unless state-run companies at least partially pay for their oil, a spokeswoman said on Thursday, putting energy supply at risk and threatening increased blackouts ahead of key elections."
Government announces 50% fuel price hikes for cement, brick factories (Egypt)
Seawater desalination plant might be just a drop in the bucket
"In Carlsbad, the nation's largest desalination facility will require lots of energy — and money. It is expected to provide no more than a tenth of San Diego County ratepayers' overall water supply."
Seawater desalination plant might be just a drop in the bucket
"In Carlsbad, the nation's largest desalination facility will require lots of energy — and money. It is expected to provide no more than a tenth of San Diego County ratepayers' overall water supply."
S.Korea to raise gas rates 4.4 pct from Friday
"South Korea will increase domestic rates of gas by 4.4 percent on average from Friday, to reflect higher costs of natural gas and recoup part of the hefty losses of state-run Korea Gas Corp (KOGAS), the economy ministry said on Wednesday."
"South Korea will increase domestic rates of gas by 4.4 percent on average from Friday, to reflect higher costs of natural gas and recoup part of the hefty losses of state-run Korea Gas Corp (KOGAS), the economy ministry said on Wednesday."
Troubled Baghdad scales back oil strategy
"The brewing oil war between Iraq's central government and a defiant Kurdistan are forcing Baghdad to downsize its ambitious plans to quadruple oil output."
"The brewing oil war between Iraq's central government and a defiant Kurdistan are forcing Baghdad to downsize its ambitious plans to quadruple oil output."
Why is the Washington Post Surprised at High Gas Prices?
"The Washington Post is surprised by the 'mysterious' high cost of gasoline in the US but does not mention in this article that the US government, at the insistence of the Israel lobbies, reduced Iran's petroleum exports by 40% in 2012 by strong-arming countries to leave it in the ground and not import it on threat of third-party US sanctions."
"The Washington Post is surprised by the 'mysterious' high cost of gasoline in the US but does not mention in this article that the US government, at the insistence of the Israel lobbies, reduced Iran's petroleum exports by 40% in 2012 by strong-arming countries to leave it in the ground and not import it on threat of third-party US sanctions."
Transocean sets deep-water record
"Rig owner Transocean said it set a record for the deepest water depth by an offshore rig off the eastern coast of India."
"Rig owner Transocean said it set a record for the deepest water depth by an offshore rig off the eastern coast of India."
Consortium aims to build megafloat / Oil and gas rig workers to live off Brazil coast (Japan)
"The government and a Japanese consortium, including shipbuilders and heavy machinery makers, plan to develop a giant floating structure off Brazil that can accommodate up to 200 offshore oil and gas rig workers."
"The government and a Japanese consortium, including shipbuilders and heavy machinery makers, plan to develop a giant floating structure off Brazil that can accommodate up to 200 offshore oil and gas rig workers."
The Big Shift
"A great energy transition is coming. Will it mean a better day for humanity, or turmoil? First in a series."
"A great energy transition is coming. Will it mean a better day for humanity, or turmoil? First in a series."
The Making of a Natural Gas Glut
"Wall Street drives the shale boom like it did the housing mortgage scandal: report."
"Wall Street drives the shale boom like it did the housing mortgage scandal: report."
Chinese Overseas Oil Production Booming
"If a country spends $92 billion in three years to get its hands on energy resources outside its borders, then what is a good return on that investment?"
"If a country spends $92 billion in three years to get its hands on energy resources outside its borders, then what is a good return on that investment?"
Solid Energy seeking financial support (New Zealand)
"Solid Energy is in talks with bankers after admitting its finances have continued to deteriorate."
"Solid Energy is in talks with bankers after admitting its finances have continued to deteriorate."
Colombia has enough oil for eight years
"Colombia only has enough oil to last another eight years and must urgently step up exploration efforts to locate more reserves, Finance Minister Mauricio Cardenas said."
"Colombia only has enough oil to last another eight years and must urgently step up exploration efforts to locate more reserves, Finance Minister Mauricio Cardenas said."
## Got food? ##
Bolivia president calls fast food 'a threat to humanity'
Bolivia president calls fast food 'a threat to humanity'
Food: Sustainability, Security, Self-reliance
One In Three Fish Sold At Restaurants And Grocery Stores Is Mislabeled
One In Three Fish Sold At Restaurants And Grocery Stores Is Mislabeled
##Infrastructure scavenging ##
"This week's storm, which dumped rain across parts of the central USA, is not enough to break the long-lingering drought."
Too cheap to meter: Who will Pay for Nuclear Power Plant Cleanup?
Unfortunately, expensive energy will ensure that much or even most nuclear waste is not properly disposed. The true cost of nuclear power will be staggering — far greater than anything imagined. -- RF
Overdose Deaths From Narcotics Keep Climbing (US)
Marcellus Shale Fracking Study To Research Natural Gas Drilling Health Effects
Marcellus Shale Fracking Study To Research Natural Gas Drilling Health Effects
## Intelligence/propaganda/security/internet/cyberwar ##
Report: Apple hack compromised 'hundreds' of other companies
Report: Apple hack compromised 'hundreds' of other companies
'HUBRIS: Selling the Iraq War' (documentary video)
The cyber war is real -- and our defenses are weak
"The U.S., Israel, China, and Iran are funding acts of hacker aggression, and the targets are as good as sitting ducks"
"The U.S., Israel, China, and Iran are funding acts of hacker aggression, and the targets are as good as sitting ducks"
## Systemic breakdown ##
Why Competition Between Global Players Is Heating Up
Our Investment Sinkhole Problem
## Japan ##
Japan to see 'unprecedented' easing this year: BOJ policymaker
Japan Jan. trade deficit jumps to $17.3B
Japan Jan. trade deficit jumps to $17.3B
Tight-fisted Japan firms deal blow to Abe's revival plan - Reuters survey
"Tight-fisted companies in Japan may prove the biggest obstacle in Prime Minister Shinzo Abe's plan to push the sluggish economy into higher gear as they intend to keep a firm lid on wage levels, a Reuters survey shows."
"Tight-fisted companies in Japan may prove the biggest obstacle in Prime Minister Shinzo Abe's plan to push the sluggish economy into higher gear as they intend to keep a firm lid on wage levels, a Reuters survey shows."
Govt to certify 'youth-supporting' small, midsize companies
"In an effort to address unemployment among young people, the labor ministry is poised to launch a certification system for 'youth-supporting companies' next fiscal year, which will introduce job seekers to reputable small and midsize firms."
Japan's mission impossible: to spend $100 billion in 15 months
"In an effort to address unemployment among young people, the labor ministry is poised to launch a certification system for 'youth-supporting companies' next fiscal year, which will introduce job seekers to reputable small and midsize firms."
Japan's mission impossible: to spend $100 billion in 15 months
Just what Japan needs: More needless make-work construction projects while existing infrastructure continues to decay and crumble. -- RF
Japan Atomic Power takes rare step to sell uranium for loan payment
"A Japanese nuclear power company has taken the rare step of selling some of its uranium for the use of nuclear reactor fuel, apparently to raise money to use to repay loans amid its faltering business conditions, sources close to the matter said Wednesday."
"A Japanese nuclear power company has taken the rare step of selling some of its uranium for the use of nuclear reactor fuel, apparently to raise money to use to repay loans amid its faltering business conditions, sources close to the matter said Wednesday."
Elderly shoplifters may need help not punishment, say prosecutors
"Alarmed by the number of elderly and mentally disabled people who repeatedly shoplift or walk out of restaurants without paying, regional prosecution offices are trying to help such offenders instead of sending them to court."
"Alarmed by the number of elderly and mentally disabled people who repeatedly shoplift or walk out of restaurants without paying, regional prosecution offices are trying to help such offenders instead of sending them to court."
## China ##
Xtep to close over 100 shops in China's sporting goods freefall
"Xtep International Holdings, one of China's leading fashion sportswear companies, announced the closure of nearly 100 shops last year, adding to a total of more than 3,000 store closures in the sporting goods industry in 2012, the Shanghai-based National Business Daily has reported, predicting that the trend will continue this year."
China January FDI down sharply
"Xtep International Holdings, one of China's leading fashion sportswear companies, announced the closure of nearly 100 shops last year, adding to a total of more than 3,000 store closures in the sporting goods industry in 2012, the Shanghai-based National Business Daily has reported, predicting that the trend will continue this year."
China January FDI down sharply
24 regions in China target GDP growth of over 10%
After China's multibillion-dollar cleanup, water still unfit to drink
After China's multibillion-dollar cleanup, water still unfit to drink
"For the world's manufacturers, post-holiday no-shows are an increasingly frustrating part of China's tightening labor market."
## UK ##
Farm virus 'can infect wild animals'
"A livestock virus sweeping through British sheep flocks and cattle herds has infected wild deer, say scientists."
Over two-thirds of Brits would work for nothing to land dream job
Three British Islamists convicted of plotting "another 9/11"
20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead
Cash-Strapped Postal Service To Launch A New Clothing Line
Cash-Strapped Postal Service To Launch A New Clothing Line
Virginia pizza joint offers 15 percent discount if you pack a gun
Biden: 'Buy a shotgun' if you want safety
Biden: 'Buy a shotgun' if you want safety
Welcome to Wild West USA, where you need to pack heat to go grocery shopping. -- RF
ID theft on the rise again: 12.6 million victims in 2012, study shows
ID theft on the rise again: 12.6 million victims in 2012, study shows
"If this is a housing recovery, then it's a 'recovery' in name only."
Methinks Pickens is losing it. -- RF
And finally...
Police called on strainer-wearing man
"The man said the pasta strainer was a religious head covering as he practices Pastafarianism, the religion of the Church of the Flying Spaghetti Monster."
