Tygodniowy przegląd wiadomości ze świata: 12-18.12

1. Przegląd wiadomości z tygodnia ubiegłego można znaleźć tutaj

2. Katastrofa nuklearna w Fukushimie – informacje znajdują się  tutaj. Codzienne aktualizacje wiadomości z Fukushimy w języku angielskim można znaleźć na witrynie EnergyNews.

3. Tygodniowy przegląd wiadomości ze świata (w wersji oryginalnej). Codzienne aktualizacje znajdują się na witrynie Rice’a Farmera.


Trade finance drying up amid financial crisis

„Trade finance is drying up amid the financial crisis, threatening jobs and economic growth, trade sources warned Saturday.”

Lufthansa Cargo China near tipping point – CEO

„Hong Kong-based competitor Cathay Pacific has said that continued weak demand for air freight in China and Hong Kong pushed its cargo throughput down 17.5 percent in October from a year earlier.”

Eurozone to push on with crisis steps, Fitch doubts outcome

European Finance Ministers to Discuss Crisis

Is Britain About To Scuttle The Last Ditch „Plan Z” European Bailout?

Liquidation of Customer Stored Gold and Silver Bullion From MF Global

„Obviously holding unallocated gold and silver in a fractional reserve scheme is subject to much more counterparty risk than many might have previously admitted.”

Greek woes drive up suicide rate to highest in Europe

Hungary Economic Confidence Drops to Two-Year Low in December

„Hungary’s economic sentiment index dropped to a two-year low in December as the outlook for businesses and consumers deteriorated.”

World’s richest Arabs see wealth jump 5% in downturn

French credit downgrade could come ‘within days’

Home Prices in Spain Drop 14 Consecutive Quarters; Banks Stuck with Major Losses Not Marked to Market; Expect Conditions to Worsen

Baltic Dry Index: Little Good News For Dry Bulk Shippers

Idled Container Ships Reach 18-Month High as Trade Growth Slows

Shipping in trouble

Saab Bankruptcy Likely After Losing GE Support

Malaysia Airlines set to axe some Dubai, Saudi flights

The Greek Tragedy – Chaos Beckons

Debt crisis: Brussels accord on the verge of collapse

Fitch: big euro fix „technically and politically beyond reach”

France Downgrade Would Hit All of Europe: Analysts

Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe (Daily Bell)

NO DICE: Here’s Why The ECB’s Newest Gamble To Save The Euro Won’t Work

Portuguese Socialists Threaten „Economic Atomic Bomb”; Fitch Sets France Rating Outlook to Negative; Head of French Central Bank Attacks UK and Rating Agencies (Mish)

Swiss Join Suffering as Europe Crisis Ripples

„Switzerland’s economic growth will almost grind to a halt next year as the franc’s appreciation and floundering global demand hurt exports, according to the KOF Economic Institute.”

Spain’s Unpaid Bills May Haunt Rajoy as Squeeze on Liquidity Grips Regions

„Spanish Prime Minister-electMariano Rajoy is set to inherit billions of euros of unpaid bills along with the euro region’s third-largest budget deficit.”

France in Recession; Italy in Recession; Poles Protest; Credit Agricole Quits Commodity Business; Poetic Irony and Credit Crunch Math (Mish)

Hungarian Rescue Talks Fail

German manufacturing shrinks for 3rd month in December: PMI

Across debt-stricken Europe, austerity’s bite is felt

Air Zimbabwe passengers stranded as airline runs out of money

Belgium’s Rating Reduced to Aa3 by Moody’s

Torrent of bad financial news flows out of Europe

Irish GDP Drops, A Warning For Other Austerity Experiments

European Car Sales Fly Into Reverse — an Omen for the U.S.?

IMF’s Lagarde: Europe Crisis ‘Escalating’

Eurozone crisis live: IMF’s Lagarde warns of return to Great Depression

Germany Sees Its Financial Risks Growing With IMF’s EU Role: FTD

French banker says UK should be downgraded first

China Manufacturing Contraction Continues Second Month; Japanese Manufacturing Sentiment Turns Negative; Asia Pacific Equities Sink

„All Asia-Pacific Equity indices are in the red tonight following more bad news from China and Japan.”

Germany’s Hidden Risk

„The Bundesbank has quietly lent half a trillion euros to the European Central Bank. Could that determine the fate of the euro?”

Lending shortage may turn Europe’s car sales descent into a debacle

„Europeans plucky enough to ignore the crumbling economy and confident that their jobs are safe might find that a new car isn’t possible because banks won’t lend them any money.”

Eurozone Industrial Output Declines For Second Month

Debt Crisis Pushes Economies to The Edge: Poll

U.S. Company Credit-Default Swaps Hold at Almost Two-Week High on Europe

Ontario’s Rating Outlook Dropped to Negative

„Ontario’s rating outlook was cut to negative from stable by Moody’s Investors Service on concern Canada’s most populous province faces a higher risk in meeting fiscal targets given a recent slowdown in economic growth.”

David Stockman on the Coming European Train Wreck

Australian Banks Given One Week To Prepare For European „Meltdown”

The Fed’s Intervention Didn’t Solve Anything… It Just Pushed the Collapse Back a Few Weeks

Foreign banks borrow $54 billion through Fed

Golden Mediterranean pensions fade as austerity bites

Stock markets slump as euro hits 11-month low against the dollar

Greek Bankruptcy Imminent?

Canadian manufacturing sales dip

Record high household debt in Canada triggers alarm

„The debt burden of Canadian households has surpassed levels of both the United States and the United Kingdom and, by at least one measure, they are hurtling toward those countries’ peak levels of 2007, new Statistics Canada data show.”

Syria’s currency sags under weight of unrest

Asian airlines, shippers face higher loan costs

Australian Consumer Sentiment Plunges

Grim picture for European defense spending

Industrial production slips in Europe

Germany Preparing Plans For Commerzbank Bail Out

European Banks Trim Loans to MENA Firms, Standard Chartered Says

Most Economists Expect Another Global Recession

Turk – Lehman II in Progress as Financial System Implodes (King World News)

On the Titanic towards Economic and Democratic Disaster (video with Nigel Farage)

Road To Collapse (Awake News video)

Rip them Little People off, baby! — RF

Europe’s debt deal is falling flat

This slump won’t end until 2031: Our predicament parallels the Long Depression of 1870s

Citi Predicts Gold At $3400 In „The Next Two Years”, Potential For Move As High As $6000

What happens when countries can’t borrow money?

World’s fastest-growing cities

„By 2050 most of the world will live in cities…”

In 2050 most of the buildings and urban infrastructure now existing will be sparsely inhabited ruins. — RF

Eurozone banking system on the edge of collapse

„The eurozone banking system is on the edge of collapse as major lenders begin to run out of the assets they need to keep vital funding lines open.”

Greece Apparently Even Worse Off Than Realized, Hitting Euro, Stocks

Greek Bank Run Hits Record: Unprecedented €6.8 Billion In Deposits Pulled From Greek Banks In October

Europe Gets Austerity, But With Few Signs Of Growth

Mega Fail: 17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions

Malawi’s industrial downsizing increases, commodity rationing begins

Today Malawi, tomorrow the OECD countries. — RF

Value of UAE’s stalled construction projects hits $958bn

Austrian Banks Facing Payback as Hungary’s Debt Slaves Revolt

Dollar crunch intensifying (Bangladesh)

„The banks are unable to open letters of credit (LCs) for the businessmen. Because of heavy import of fuel oil by Bangladesh Petroleum Corporation (BPC) for the quick-rental and rental power stations, the public sector commercial banks are finding it difficult to foot the import bills. The central bank has been releasing dollars to meet their import payment obligations. This is creating pressure on the country’s foreign exchange reserves.”

Study: 52M live in poverty in Mexico

S&P Warns Of Increased Corporate Bond Downgrade Risk Following Sovereign Action

Which Country Defaults Next? (Japan)

Analysis: France’s Inflation Boosted By Costlier Food, Energy

Latvian bank fights off run by depositors after rumors of potential collapse

South Korea Slashes Growth Forecast on Euro Crisis

Sarkozy: There are now clearly two Europes

Moody’s not impressed with EU fix

„Europe’s debt crisis remains in critical condition, Moody’s Investors Service said Monday.”

Fitch Downgrades The Entire World

„Research firm Fitch downgraded its forecasts for the growth rate of almost every region in the world. It is yet another warning that the slowdown in the EU economy has begun to spread rapidly to other regions.”

Euro-Crisis: ‘Double A is the New Triple A’

Hell Will Freeze Over Before Finland Signs Treaty; Europe’s Blithering Idiots Make UK the Lone Winner

Greek 5 Year CDS Over 10,000 bps (100%)

Global Trade Slows As European Debt Woes Persist

The European Death Spiral

Indians increasingly monetize gold as collateral for loans

Why Europe Has Investors Running Scared—Again

BIS Calls for Hyperinflationary Depression? (Daily Bell)

Unemployment is world’s fastest-rising fear – survey

„Unemployment is the world’s fastest-rising worry, a BBC World Service survey covering 11,000 people in 23 countries suggests.”

Is Emigration the Only Solution For Greece’s Youth?

Young Greeks are educated and multilingual, so they can emigrate and get jobs in other countries? And where might that be? Thanks to the globalized and interconnected growth economy, we’re all going down together. — RF

Ho hum, another meeting of the WTO

Yes, ho hum. But this misses the really big reason that world trade is dying: expensive energy. — RF

China May Add Stimulus as Exports Weaken

India Factory Output Falls for First Time Since ’09

Intel says sales hit by hard drive shortage

Gold’s Purchasing Power Rising ‘Dramatically’ (CNBC video)

Spain’s ‘Cayenne Crisis’ Spreads to BMW as Sales Dry Up: Cars

Kuwait’s Global eyes second restructuring of $1.7bn debt

The global supply chain: So very fragile

And it’s not just industrial parts — it’s also our energy and food. Because the supply chain will go down, smart people will disengage as quickly as possible and build mutually supportive communities. — RF
BIS: Growth Forecasts Continue to Drop, Even in Asia


‘Accusing Iran of 9/11 echoes Iraq scenario’ (RT video)

The Globalization of War: The „Military Roadmap” to World War III

Syria nearer to sign Arab plan, crackdown continues

Analysis: Iraq resumes political strife in vacuum left by U.S.

„Within hours of the last U.S. troops rolling out of Iraq on Sunday, Shi’ite Prime Minister Nuri al-Maliki had asked parliament to sack his Sunni deputy, and security sources said an arrest warrant was issued for the Sunni vice president.”

U.N. seeks $447 million for Yemen, Gulf Arabs urged to help more

„The United Nations appealed on Sunday for nearly $450 million in humanitarian aid for conflict-torn Yemen to save it from becoming what one U.N. official called ‘another Somalia.’”

Zardari about to leave Dubai for Pakistan: spokesman

Taiwan Receives Two U.S. Early Warning Aircraft

How Maliki and Iran Outsmarted the US on Troop Withdrawal

„A central element of the Maliki-Iran strategy was the common interest that Maliki, Iran and anti-American cleric Moqtada al-Sadr shared in ending the U.S. occupation, despite their differences over other issues.”

America’s mini-city on the Tigris (Al Jazeera feature)

„Backlash building in Iraq over US plans to keep tens of thousands of diplomats and gunmen at sprawling Baghdad embassy.”

U.S. SF troops ‘deployed forward’ in central Africa

„The American Special Forces troops sent to central Africa are in place and getting ready to operate forward with local host-nation militaries hunting down insurgent fanatics, President Obama told Congress on Thursday.”

U.S. Navy Expects to Base Ships in Singapore

„The United States, facing a rising China but a tighter budget, expects to station several combat ships in Singapore and may step up deployments to the Philippines and Thailand, a naval officer said.”

Arabs may take Syria peace plan to United Nations

Kazakh oil firm says some employees afraid to work

Iran says arrests another CIA spy

„Iranian authorities said on Saturday they had arrested an Iranian caught spying for the United States, the Islamic Republic’s latest claim of success in a spying war with Washington.”

Iran’s Alleged Drone Hack: Tough, but Possible

Nigeria seizes bomb factory after Islamist attacks

Gunmen Attack Chopper near Indonesia Freeport Mine

Putin Pushes Russian Banks, Puts Western Firms on Notice

Squeezed NATO supply line runs dry

„Stepping up pressure on an already-squeezed supply line, Pakistan on Thursday imposed a ban on export of petroleum products to Afghanistan and Central Asia, meant for Nato troops posted in the region.”

Iraq oil security tested as U.S. forces withdraw

„A bombing of southern Iraqi crude pipelines despite a nationwide alert against a possible surge in insurgent attacks has heightened fears for the future security of Iraq’s vital oil sector as American troops withdraw.”

France rejects Russia’s Syria resolution

US and NATO troops train on the Syrian border (RT video)

Syrian forces take families hostage to force protestors into submission

Insurgents Attack Kabul Police Station

Israeli lawmakers move to annex West Bank, one museum at a time

Minsk gets Russian missile system

Russia Intercepts Radioactive Shipment To Iran

Russia Signs Deal to Sell 42 Jets to India

Israel forms special ops command; experts eye Iran

CIA cover blown in latest spy-versus-spy with Iran

Riyadh and Tehran Hold Security Talks Amid Rising Tensions

‘Tehran should be prevented from playing the Shiite card’ (Arab News)

Iran to exploit power vacuum as US quits Iraq: analysts

How Much Influence Will Iran Have In Iraq?

Flags Burn as Last US Troops Trickle Out of Iraq

UN Secretary General Ban Ki-moon Calls for International Action on Syria

Arab League denies it plans to impose no-fly zone in Syria

Syrian troops ‘ordered to shoot to kill’

China reaches out to Myanmar’s Suu Kyi

North Korea’s end heralds the real crisis

NATO ‘knew’ it was firing at Pakistan troops

„Pakistani officials say NATO forces even apologised to their officers throughout the deadly cross-border attack.”

Post-US Iraq: Welcome to Shia-stan

„Now, as American troops leave Iraq after almost nine years of patrols, IEDs and countless meetings with tribal elders, it is abundantly clear that the Shiites have won this country.”

Iran may soon start nuclear work in bunker: sources

No credence in Blackwater revival

New Armed Stealth Drone Heads to Afghanistan (And Maybe Iran, Too)

Cheney Urges Attack on Iran to Destroy Lost Drone

Iraqi Deputy PM: Maliki Becoming a ‘Dictator’

Pakistan president Asif Ali Zardari went to Dubai ‘because of threats to his life’

China sends patrol ship to disputed waters

China invited to set up anti-piracy base in Seychelles

„The Seychelles has invited China to set up a base to counter piracy in the region, the Seychelles’ Foreign Affairs Minister has announced. The Seychelles hosts anti-piracy forces from other countries, including the United States and India.”

U.S. Drone Crashes in Seychelles

CIA’s Drone War In Pakistan Will Use Afghan Bases

Nigeria: Pirates Attack Marine Police Team, Kill Three, in Bayelsa

Syria death toll hits 5,000 as insurgency spreads

Syria crisis: UN divisions deepen as death toll rises by another 1,000 in just 10 days

Chinese premier Wen to visit Myanmar, sources say

Singapore Air Force stages complex war game in Arizona

Israeli military base attacked by Jewish extremists in West Bank

„Attack came hours after settlers stormed monument as some say ‘homegrown terrorism’ is now greatest threat to security.”

US halts $700 million in aid to Pakistan, demands action on Taliban bombs

Strait of Hormuz threat rattles oil markets. Time to sell?

Ross: Obama won’t hesitate to use force against Iran

Chinese fishermen kill S. Korean coastguard officer

„A South Korean coastguard officer was stabbed to death and another was injured Monday in a struggle with Chinese sailors who were being detained for illegal fishing, a coastguard spokesman said.”

Iran army declines comment on MP’s Hormuz exercise remarks

„A member of the Iranian parliament’s National Security Committee said on Monday that the military was set to practice its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world, but there was no official confirmation.”

Pakistan considers taxing Nato Afghanistan trucks

Inside Syrian regime, hard-liners gain upper hand

„As both the Syrian regime and the opposition harden their positions, a nationwide strike aimed at bringing down President Assad through peaceful means looks unlikely to succeed.”

War drums: Are US Troops Deploying on the Jordan-Syrian Border?


Rebel China villagers demand elections, turn to central leaders

„Protesting Chinese villagers on Sunday demanded that central leaders defuse grievances about what they called crooked land deals and a suspicious death, as a revolt that has tested Communist Party authority in this semi-rural area neared its second week.”

Chinese Village Plans More Protests

Security forces, protesters clash again in Cairo

„Protesters and security forces fought in Cairo on Sunday, the third day of clashes that have killed 10 people and exposed rifts over the army’s role as it manages Egypt’s promised transition from military to civilian rule.”

Bid to evict St Paul’s protest camp begins at high court

50 arrested as Occupy Wall Street tries to seize church lot for new camp

Protesters Camp Out at Obama Headquarters, Talk ‘Occupy Caucus’ Plans

Medvedev admits Russia needs reform as protesters plan further rallies

Kazakh Zhanaozen oil unrest spreads to regional capital

Troops beat Cairo protesters, clashes kill 10

Occupy Goes to Washington, Finding Politics is Complicated

Occupy protesters arrested in New York

Smaller turnout at second round of Moscow protests

China’s rebel villagers in Wukan threaten to march on government offices

„Rebel villagers in China say they will march on the main administrative town if government officials and police refuse to hand over the body of their community chief.”

Chinese Police With Shotguns Staff Checkpoints at Wukan Village

Occupy Wall Street: The First Quarter and Beyond

House Democrat on hunger strike out of ‘solidarity’ with protesters

Egypt protesters clash with military police

Portugal highway toll booths torched, shots fired in apparent anti-austerity protest

Strike shuts down Cyprus airports, gov’t offices

Oil town clashes kill 10 on Kazakh independence day

Bahraini police fire tear gas at protesters: witnesses

Chinese Rebel Village Holds Memorial for Protest Leader

Beijing Set to ‘Strike Hard’ at Revolt

Protesters March Golden Bull To Capitol Hill, Pray For Higher Taxes At Boehner’s Office

China’s Wukan village stands up for land rights

Flash mob robbery caught on camera at Galleria area store

French unions stage rallies to protest against austerity steps

Time names „The Protester” 2011 Person of the Year

Hey you guys over at Time! You ain’t seen nothin’ yet! Riots and mobs will rule the Earth. — RF

Tension simmers in blockaded China village after land protest

Wukan siege: Chinese officials ‘hold village to ransom’

„Chinese officials have ratcheted up pressure on the rebel village of Wukan, as it entered its fourth day of a police siege, by allegedly ransoming four men who were seized from the village last week.”

Kuwait activists seek „real” opposition, reform

Israel approves steps to rein in settler violence

Beyond the Rhetoric: The Complicated, Brief Life of Occupy Boston

Inside Wukan: the Chinese village that fought back

„Although China suffers an estimated 180,000 „mass incidents” a year, it is unheard of for the Party to sound a retreat.”

Syria role in Bahrain unrest

Anger mounts in S. Korea-China fishing dispute

Our decade from hell will get worse in 2012: Market crash, political gridlock, revolution, new class wars

Italy Unions Strike Over Crisis Plan

Is the Pentagon out to stifle the Arab Spring?

Death in custody follows fresh unrest in Chinese village

5 detained over violence at land protests (China)

Chinese police besiege town and cut of food supplies in bid to quell riots

Italy faces week of strikes against Monti’s austerity

Occupy disrupts West Coast ports; 17 arrested in NYC

Crushing Occupy: riot police and undercover agents


Korea ups fight against electricity shortage

„Local banks and companies were joining the government’s power-saving crusade as freezing weather gripped Korea on Friday, sparking fears of a supply shortage.”

Tar sands have trouble ‘getting to market’ – new report

No fuel for government cars! (Swaziland)

Resource firms worried about skilled worker shortage, survey finds

„A ‘perfect storm’ is brewing in Canada’s oil and gas sector as firms scramble for skilled staff, says an Ernst & Young survey of human resource professionals released Thursday.”

Sun appears to be setting on the solar energy sector in Germany

Indian Refiners Explore Replacing Iranian Oil-Sources

Oil Minister: World Market Needs Iranian Oil

”Smuggling of Iranian petrol, diesel cannot be stopped” (Pakistan)

India seeks Australia support to acquire coal, iron ore assets

Decline in mineral production in 2010-11 in India

Trains halted as diesel ends for Railways (Pakistan)

Industrialists blast four-day gas outage (Pakistan)

Iran says Saudis agree not to up production to compensate if Iranian crude under sanctions

„Iran’s oil minister said Wednesday that his Saudi counterpart had agreed not to up crude production to replace Iranian oil in case an international embargo on Iranian oil impacts Tehran’s ability to sell its petroleum.”

Asia frets over oil as US eyes new Iran sanctions

„Plans for fresh U.S. sanctions to isolate Tehran have sent shudders among Asian governments who fear they will have no way to pay for Iranian crude imports and face rising costs to fuel the region’s growing economies.”

High Japanese appetite to hit spot LNG supply

Persistent drought in Romania threatens Danube’s power

„Drop in the level of the river’s waters means that nuclear reactor may have to close down”

Nigerians face bleak Xmas as Egbin Thermal Station shuts down

Chile Copec: Santiago Airport’s Jet-Fuel Supply Is 20% Short

Diesel runs dry in southern China gas stations – report

Bunker supplies tightening across South Korean ports

Freeze energy consumption levels (Korea)

„Alarm bells have gone off over the power supply this winter in the wake of two 950,000-kilowatt nuclear reactors malfunctioning simultaneously. This has caused the national power reserve ratio to fall to 8 percent. Considering that three other nuclear plants with a combined capacity of 2.7 million kilowatts have been stopped for maintenance, five of Korea`s 21 nuclear power plants have come to a standstill. A million kilowatt reactor resumed normal operations Thursday to help ease the situation. If the weather gets colder and power consumption increases, however, a major power crisis could occur.”

Chile’s bid to save energy: men, leave your ties at home

World appetite for coal over next 5 years to grow – IEA

Global metal, mineral shortage looms: PwC

LNG Carrier Rates Rise to Record $150,000 a Day as Vessel Shortage Worsens

„Rents for ships hauling liquefied natural gas reached a record as winter fuel demand runs up against few available vessels, investment bank Pareto Securities AS said.”

Russia-Venezuela Oil Venture Said Set to Miss 2012 Output Target

At the same time, Russia probably has higher priorities than pumping Venezuelan heavy crude. — RF

France Doesn’t Rule Out Closure of Oldest Nuclear Plant

Sun burned

„The parallel-energy universe known as renewables, a place where dollars and economic theory know no bounds and make no sense, looks increasingly like a bubble set to collapse.”

This Week in Clean Economy: Wind, Solar Industries in Limbo as Congress Set to Adjourn

„No word yet on the future of a pair of key clean energy subsidies. America’s first offshore wind farm is shelved, and E.V. sales are missing targets.”

Nampower confirms power shortages (Namibia)

Industrial slump (India)

„There is nothing astonishing about the Index for Industrial Production plummeting to -5 per cent in October, the first time it has dipped into negative territory since March 2009. The prime culprits responsible for this decline are Mining ( -7.2 per cent), electricity ( -5.6 per cent) and manufacturing ( -6 per cent).”

America’s New Energy Security (WSJ)

Yet another feel-good essay from Daniel Yergin. — RF

OPEC says, ‘Don’t Count on Us’ for More Oil Supply (Gail Tverberg at Financial Sense)

Iran, Besieged by Gasoline Sanctions, Develops GTL to Extract Gasoline from Natural Gas

Massachusetts to Invest in Rossi’s E-Cat – 13 Units Sold Since October Demonstration

France’s Nuclear Giant’s Areva Stock Meltdown

Nuclear water spilled at Canadian reactor

Can Tides Turn the Tide? (Do the Math)

Energy shortage: textile exporters fear 30 percent decline in exports this year (Pakistan)

South, Central China Hit By Severe Diesel Supply Shortages

Diesel fuel supplies returning to normal (Canada)

„Supplies of diesel fuel are returning to normal after a shortage this fall that caused gas stations to run dry and cardlock systems to have daily limits on commercial vehicles.”

Flights from Santiago airport affected by fuel shortage (Chile)

Nuclear reactor hiccups stoke power supply jitters (Korea)

Power shortages in 2012 (Namibia)

Lights out: The coming Dark Age of India

CNG closure: another misery (Pakistan)

„AFTER electricity loadshedding, the government has added to the misery of the people by resorting to gas loadshedding.”

Power restored to most parts of north island (New Zealand)

„Some 200,000 homes and businesses from Cape Reinga to Wellington lost their power about 12.30pm after a problem at the Huntly power station forced a partial shutdown of the grid.”

Old Oil Depletes, And the New Oil is Slow (Gregor Macdonald)

Here’s a good article if you’re unfamiliar with the growing gap between production and discoveries. — RF

Imminent EU Report to Back Construction of 40 New Nuclear Power Plants by 2030

Fuhgettaboutit. They will never be built. — RF

Oil Surges on Speculation of Iran Disruption

Explosions rock oil pipeline in southern Iraq

„Iraqi officials said two large explosions have damaged an oil pipeline in southern Iraq and set off a huge blaze.”

Fresh fuel shortages likely amid subsidy standoff (UAE)

Power Quest: Brazil Works to Wipe „Blackout” From the Lexicon

Ministry of Electricity Campaign for Rationing Energy (Syria)

Rare Earth Shortages – A Ticking Timebomb for Renewables?

Household electricity bills skyrocket (US)

Pennsylvanians review shale gas boom

Tax Credit End May Slice Wind-Industry Jobs by Half, Study Shows

Now is the time when we should be building a cushion of renewables to facilitate a soft landing, but tax credits and subsidies for renewables are being pared around the world. — RF

The Bakken Boom – A Modern-Day Gold Rush (TOD)

A long article, but a very good read. — RF

Transition to Renewables and The Forward Speed of Economies

New Mega-Dam to be Built in Alaska?

Sinochem, Gulfsands shut down Syria oil ops


$40,000 worth of copper stolen from wastewater plant construction site

Metal thieves strip street lights


Gandhi Bill Strains India’s Finances to Give Cheap Food to Nation’s Poor

Broad swath of northern Africa faces food shortages, experts warn

Global water shortage imminent, warn experts

Grain giant cautions over wheat and corn prices

Shortage in cattle, expect high beef prices (US)

DJ Tanzania Inflation Rate Soars Over Food Shortage

A Bubble Down on the Farm? (US)

SA’s food price bombshell

Cassava disease hits East, food shortage looms (Uganda)

Ron Paul stands up for raw milk in New Hampshire

Million children face starvation in Sahel (Niger, Mauritania, Mali, Chad)

Food shortages worry Venezuelans

Food shortage at Salvation Armys across Bay Area

Ron Paul secures Capitol Hill screening of Farmageddon


Disaster Losses Hit Record Levels in 2011

Japan Tsunami: Flotsam Debris Reaches U.S. West Coast

Vast Stores of Methane Are Released from under the Arctic

Mystery kidney disease in Central America

About 500,000 exposed to WTC attack toxics

Mystery disease strikes arctic seals

In Brazil, Oil Boom Brings Environmental Worries

Insurance Companies Feeling the Effects of Climate Change

African trees victims of climate change

„Human-caused climate change is killing trees in a region in Africa south of the Sahara Desert, a study by U.S. researchers says.”

Warning as infectious salmon disease spreads from Europe’s fish farms to Canada

„Discovery of the deadly salmon virus Infectious Salmon Anaemia in Canada is just latest likely example of disease spreading to wild fish stocks from the world’s mega fish farms”

Monsanto’s Roundup Ready Crops Leading to Mental Illness, Obesity

A Closer Look At The Staggering Ecological Cost Of Russia’s Oil Industry

93 Declared Disasters in 2011 and It’s Not Over Yet

China Unicom Confirms 3G Network Failure


CommBank connection failure leaves thousands without cash (Australia)

Singapore train breakdowns douse Christmas cheer

„Singapore, which prides itself on efficiency, was hit by its third train breakdown in a week on Saturday, frustrating the public on one of the biggest shopping days of the year and adding to calls for a review of its public transport system.”

Data center factoids

Hackers breach servers of Square Enix (Japan)

Verizon cites technical issue for service outage

„Verizon was in hot water recently for a service outage in the US that lasted for close to 24 hours. The firm has since pointed to technical problems for the outage that occurred on its newly launched 4G network. The outage prevented users from being able to access the Internet for nearly a day.”

A conversation with Dmitry Orlov about Europe

Must read for collapse-niks. — RF

Google’s Brin calls SOPA censorship akin to China, Iran

Congress Authorizes Pentagon to Wage Internet War

U.S.-Funded Internet Liberation Project Finds Perfect Test Site: Occupy D.C.

China-Based Hacking of 760 Companies Shows Cyber Cold War

The Israelization of America’s police

Google chairman says online piracy bill would ‘criminalize’ the Internet

Malware creeping into portable documents

„Several corporate sources confirmed defense organizations were targeted in the attacks which appeared to be well-funded and could come from an unknown country or corporate entity.”

179 journalists jailed worldwide

Your face is being tracked

„Across the Web and around the world, your face is being detected and recognized. Here are 6 of the more prominent examples.”


Kansai Electric to start power-saving measures Monday

„Kansai Electric said in a statement that the measures are necessary to avert power shortages this winter because 10 of the utility’s 11 reactors are off-line for maintenance and checks.”

Japan Government Eyes FY2012 Budget Of Just Over JPY90 Trillion Kyodo

„The government is considering allocating about JPE22 trillion yen toward debt- servicing costs.”

Japan will find it increasingly necessary to sell debt abroad, which will almost certainly entail paying higher yields. Even a 2% rise on 10-year bonds would soak up most government tax revenues. — RF

Effects of rare earth curbs spreading

„China’s curbs on exports of rare earths, which are essential for manufacturing high-tech products, are being felt more and more by Japanese manufacturers.”

Disaster-hit areas face revenue drop

„Three quake-hit prefectures and 33 coastal municipalities in those prefectures are expected to see about 100 billion yen less in tax revenue than they initially projected for this fiscal year, according to a Yomiuri Shimbun survey.”

TEPCO faces tough challenges after ‘cold shutdown’ of Fukushima nuclear reactors

„‘We can’t see the whole picture when it comes to the cost of decommissioning the nuclear reactors. We can’t imagine expenses spanning 30 to 40 years from now,’ said a senior official of Tokyo Electric Power Co. (TEPCO).”

Few believe assertion that Fukushima crisis is over

„In a rush to fulfill a pledge to the international community to bring the accident at the Fukushima No. 1 nuclear power plant under control, Prime Minister Yoshihiko Noda may have jumped the gun in his announcement on Dec. 16 declaring the crisis is over.
„Noda’s declaration has been met with skepticism both in Fukushima Prefecture and abroad, with even some members of his own ruling Democratic Party of Japan criticizing it as ‘fiction.’”

Hundreds of trillions of becquerels of radioactive strontium leaked into sea

„At least 462 trillion becquerels of radioactive strontium have leaked to the Pacific Ocean since the March disaster at the Fukushima No. 1 nuclear power plant, making it one of the world’s most severe such cases of marine pollution, according to calculations by The Asahi Shimbun.”

Former PM Hatoyama calls for Fukushima nuclear plant to be nationalized

Govt to buy land as site for N-soil storage

Nuke crisis sends companies fleeing from Fukushima

Skeptics cast doubt on Fukushima status, even as Japan declares nuclear reactors ‘stable’

Towns seek decommissioning of Hamaoka nuclear power plant

Tankan shows low business sentiment / Europe crisis, yen rate rattle big companies

Seoul to help on illegal China fishing

It takes a lot to throw the Koreans and Japanese into each other’s arms, but fear of China fills the bill. — RF

Japan Tankan Slides as Investment in China Drops on Global Slump: Economy

Japan, IAEA discussing large amount of unaccounted-for nuke materials

„Japan has started backstage talks with the International Atomic Energy Agency on the discovery of unaccounted-for or unreported enriched uranium and plutonium in large quantities of nuclear waste disposed of by Japanese facilities, hoping to ward off international criticism with an early report to the IAEA, senior government officials said Wednesday.”

Fukushima radiation 47 times higher than combined 45 prefectures

Noda to hold news conference at 6 p.m. Friday to discuss nuclear plant shutdown

Gov’t, business groups discuss raising retirement age to 65

Plan storage for contaminated soil

Japan to declare Fukushima nuclear plant in stable condition

Nuclear power generation costs surge

DPJ OKs Plan For Deflation-Linked Pension Cuts Over 3 Years

Japanese business confidence falls

Japan’s Energy Security Predicament in the Aftermath of the Fukushima Disaster

Govt Official: Bought 13% Of Short-Term EFSF Debt In Latest Sale

„Japan has purchased EUR260 million in the latest sale of short-term debt by the European Financial Stability Facility, equal to 13% of the total, a Japanese government official said Wednesday.”

Evacuations too late outside no-go zone

„Residents near the Fukushima No. 1 plant may have been exposed to up to 19 millisieverts of radiation during the first four months of the nuclear crisis, the Fukushima Prefectural Government said Tuesday.”

High radioactive cesium levels found at Tokyo school

„Radioactive cesium more than 10 times the standard for waste disposal has been detected on lawn covers that had been placed in a schoolyard from mid-March until early April at Horinouchi Elementary School in Tokyo’s Suginami Ward.”

BOJ to inject additional $4.7 billion into money markets

Japan uses 200,000 bpd more crude for power in Nov

Japan’s Nippon Steel shuts 136-MW coal-fired plant

Nuclear utilities face ¥50 billion disaster fee

Electronics Retailers’ Sales Plunged Up To 60% In Nov

No. of welfare recipients reaches record high

Politician calls for Japanese military base in Senkaku Islands

No Monju test runs in FY12, govt says


China Debts Dwarf Official Data With Too-Big-to-Complete Alarms

There’s a lot of really bad news here. — RF

China’s November Home Prices Post Worst Performance This Year Amid Curbs

The No. 1 Problem of the Chinese Economy (Gordon Chang)

„At the moment, China’s volatile economy is sinking fast.”

China Cuts U.S. Debt Holdings

„The Chinese government reduced its holdings of U.S. Treasury bonds to its lowest level on the year by $14.2 billion in October.”

China to Focus on Private Investment as Growth Slows

Some China Property Firms Could Collapse Amid Tight Controls – Asset Manager

China orders microblog name control

Prada Poised to Extend Slump as China Shoppers Cut Back: Retail

China Skids Towards Hard Landing; Hot Money Outflows Increase; Risk of Devastating Trade Wars Increases

China Export-Growth Officially Slowing: Trade Deficit Coming?

China’s epic hangover begins

„China’s credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC’s dream that is at last coming down to earth with a thud.”

China’s Workers Face Manufacturing Downturn

„China’s giant manufacturing sector is starting to slow down and is affecting thousands of factories already fighting for survival.”

China’s housing bubble is losing air

„Home prices and sales plunge after China’s government intentionally slams on the brakes. Some recent buyers stage demonstrations, destroy real estate offices and demand refunds of up to 40%.”

China says will hit U.S. auto imports with duties

China Prepared to Let Housing Prices Sink in Spite of Economic Slowdown; Transition to New Regime Underway; Decoupling in Reverse

China detains two for ‘spreading rumour’ on web

China’s Deserted „Fake Disneyland”; Shanghai Prices Down 40% from Peak, Inventory Clogs Market; Pollyannas Proven Wrong; Implications for US Dollar

Huge Year For Hugh Hendry’s Anti-China Fund

China’s Abnormal Trade Numbers for November (Gordon Chang)

Chang continues to expertly chronicle the decline of China. — RF

Chinese foreign reserves are falling

Wen May Cut China Taxes to Spur Growth


Bonfire of the generals as ‘top heavy’ MoD cuts jobs

Heating oil thefts ‘rise’ at rural homes

Revealed: bankers’ secret meetings with ministers

Travel chaos looms for London as four Tube strikes confirmed

UK winter weather: snow and high winds hit parts of Britain

Manufacturers set to cut production

„Factory bosses are preparing a cut in production in the new year after the eurozone crisis left exports at their weakest in two years, the CBI said today.”

13,500 military personnel drafted in for London 2012 Olympics

Desperate British students ‘turning to prostitution’

„Desperate British students, faced with rising costs on the back of government austerity measures, are turning to prostitution, gambling and other dangerous pursuits to fund their studies, support workers and student leaders said on Wednesday.”

New figures cast doubt over Christmas high street shopping sales

Rail commuters face „double whammy” of fare and car parking charge rises

UK unemployment hits 17-year high

Solar feed-in tariffs fall by half

Nigel Farage: Escape Euro Prison!

Top military officers to lose their servants

Fed up with the postal service? Join the queue

Over-reliance on wind farms ‘will lead to power cuts’

„A report by the Adam Smith Institute and the Scientific Alliance says that wind farms cannot meet the need for energy, leading to ‘a crisis by the middle of this decade’.”

Kirklees Council to switch off 2,000 street lights

Police to test laser that ‘blinds rioters’

Mary Portas warns high streets could ‘disappear forever’

Child poverty ‘to rise for years,’ says social mobility advisor Alan Milburn


The rot of decomposing housing stock threatens Cleveland and its neighbors

50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe

Drug shortages hit an all-time high

Shortage of commercial, independent truck drivers

„Since 2008, there has been a shortage of about 150,000 truck drivers in the United States and that number is expected to double next year, according to the Truckload Carrier’s Association.”

HMC hospitals to close; nearly 1,000 jobs lost (Hawaii)

As Wars End, Young Veterans Return to Scant Jobs

Free-Falling in Milwaukee: A Close-Up on One City’s Middle-Class Decline (includes slide show)

Like Detroit, Milwaukee is collapsing. It’s a story being acted out in cities around the world. — RF

Citgo starts seventh year of heating oil donations to US households

„Last year, Kennedy said in a statement that ‘every year, we ask major oil companies and oil-producing nations to help our senior citizens and the poor make it through winter, and only one company, Citgo, and one country, Venezuela, has responded to our appeals.’”

US-Mexico immigration: Even oceans have borders

There’s A 82% Chance That California’s Public Pension System Will Run Out Of Money

Calif. school districts decry end to busing funds

Debt is Endemic In Our System… And the Deleveraging Will be Brutal For Businesses and Investors Alike

„Debt is absolutely endemic in our financial system. The average non-financial corporation in the US is sitting on a debt to equity ratio of 105%. Bank leverage while relatively low compared to Europe (13 vs. 25) is still high enough that an 8% drop in asset prices wipes out ALL capital.

„The situation is even worse for the US consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Indeed, even after all the foreclosures and bankruptcies, US household debt is equal to nearly 100% of US total GDP.”

Ford plant closes out 86-year run

„For Minnesota, the loss of the plant is part of a longer trend that has seen a quarter of the state’s 400,000 manufacturing jobs vanish since the late 1990s, the newspaper said.”

Did The Fed Quietly Bail Out A Bank On Tuesday?

Companies: In FDIC we trust

„Fearing risky banks, companies are putting their overnight cash in FDIC-insured accounts.”

Bank loans to small business fall to 12-year low

Is Puerto Rico becoming a narco-state?

„The island’s murder rate, which will likely set a record this year, and a police force that a top official at the US Justice Department called ‘one of the worst I’ve seen’ both fit the definition of a narco-state.”

Bank Layoffs Far From Over: 150,000 Likely in 2012: Bove

Whitney’s Armageddon Belied by ’11 Returns

I hear a lot of snickers out there. But growth is dead and municipalities are on living on borrowed money that they won’t be able to pay back. The wave of municipal bankruptcies will come, and bonds will tank. Whitney will have the last laugh. — RF

Eisenhower’s nightmare

„Arizona Sen. John McCain on Thursday unleashed a blistering attack against the „military-industrial-congressional complex,” leaving no service and almost no major program out of a broadside that excoriated today’s acquisitions environment.”
As Gas Drilling Spreads, Towns Stand Ground Over Control
Bullet train’s travel-time mandate adds to ballooning of costs (California)

Advocacy group gives water infrastructure a D-

Exclusive: Regulators know where MF Global funds went (Reuters)

Donations to Occupy Wall Street plummet

Rise Of The Beast System: 11 Ways That Amerika Is Becoming More Like North Korea

Morgan Stanley to Cut About 1,600 Jobs

Lawmakers scramble as government shutdown looms

Statewide Budget Cuts Force Ohio Town To Turn Off Street Lights To Save Money

„In the aftermath of the recession, states across the country have cut their budgets, in turn forcing cities and towns in those states to make their own drastic cuts. Different towns have made different decisions, with some closing libraries, un-paving roads, closing schools, and even attempting to decriminalize domestic violence, all in efforts to save money.”

‘Dismal’ prospects: 1 in 2 Americans are now poor or low income

Study: Hunger stalks US cities as poverty rises

Equity mutual funds: Investors pull money out

„Equity mutual funds lost a net $16.1 billion in November. Foreign equity mutual funds lost $2.6 billion.”

Here’s A Major Reason Fitch Is Taking An Axe To Bank Ratings

New Foreclosure Wave is Coming

„Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the ‘robo-signing’ processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac.”

Ceridian Fuel Index Shows Christmas Doesn’t Come Early to the Trucking Industry

U.S. Industrial Production Unexpectedly Falls

Must Read: Presenting The MF Global Black Box: A Minute By Minute Breakdown Of The Doomed Broker’s Last Week On Earth

Retirement Anxiety Spreads Among the One Percent

See How One Family Lives Well On $20,000 a Year

Bernanke Signals Fed Ready to Ease on EU Risk

„Federal Reserve Chairman Ben S. Bernanke signaled he’s concerned Europe’s crisis will hobble a 2 1/2-year U.S. expansion that may need another boost from the central bank.”

Ben Bernanke: Fed Doesn’t Have ‘Authority’ To Bail Out Europe

Many Business Roundtable CEOs Say They May Cut Staff

Ron Paul gains ground, further stirring Republicans

Realtors: We Overcounted Home Sales for Five Years

The scandal of the Alabama poor cut off from water

Enough Money for Retirement? Even the Rich Say No

Heating Fuels to Miss Biting Cold of Past Two U.S. Winters

Goldman Loses at Least 38 Partners

Why Social Security Is Still Falling Apart

Obama Won’t Veto Forever-Prison Bill

Existing home sales to be revised lower

„If you thought the U.S. housing market couldn’t get much worse, think again.”

So Much For A „Record Black Friday”: November Retail Sales Miss Big

Breckenridge to turn off more street lights

CA Revenue Shortfall to Trigger $1B of Cuts

New Study: With Giant Pension Debts, California Is Screwed

Homeless children at record high in US. Can the trend be reversed?

Cop Killing On The Rise Nationwide, Protesters Blamed

21st Century Postal Service Act: Senators Propose Beer, Wine Delivery To Generate Revenue

Suspend habeas corpus and enact martial law?

As Disenchantment With Idiocy Surges, Ron Paul Support Soars

The Fed and Bankers Cannot Be Trusted: Dick Bove

U.S. Financial Sector By Far The Worst Performer In S&P 500 This Year

MF Global execs say they don’t know where the money is

Headwinds for Housing

Long-term jobless face deep cuts in benefits

If Fed Decides to Ease Again, Price Could Hit $1 Trillion

„If the Fed decides that the US economy needs another round of monetary easing, the price tag likely would be between $700 billion and $1 trillion, according to a new analysis.”

It’s So Secret, Even the Fed Does Not Know Who It’s Lending To

‘Helicopter Ben’ will fly again

The $30 Trillion „Problem” At The Heart Of Shadow Banking – A Teaser

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