Wednesday, September 12, 2012

Breaking News Wed. Sept. 12, 2012

Hello and good Wednesday to you! Let's start out with some especially good Kunstler today!
In an age of gross zeitgeist dysfunction -- when untruth, delusion, and deception rule - politics is mere advertising, which is to say surface shimmer playing on the public's wish-fulfillment fantasies. The trouble at this moment in history is that the American public's wishful fantasies are inconsistent with the circumstances that reality offers to us and the choices for action that they present.
Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , and Doug at 3Es News and David at ETF Daily.
Be sure to stop by their sites and support their hard work!


Peak Oil and Energy News
SeattlePI: Gas prices hit $8 in NJ, Pa. in Lukoil protest
SOUTH PLAINFIELD, N.J. (AP) — More than 50 Lukoil gas stations in New Jersey and Pennsylvania were jacking up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that they say leave them at a competitive disadvantage.
IBTimes: OPEC Oil Output Climbs to 31.54 Million Barrels per Day
Reuters: Japan aims for zero nuclear power in 2030s - media

IBTimes: Crude Oil prices forecast to decline during the rest of this year 
Reuters: Brent, U.S. crude pare gains as API says U.S. crude stocks rose

OilVoice: World is well supplied with oil says IEA
EarlyWarning: August Oil Supply Numbers


Global Conflict
WashingtonPost: Netanyahu: Without ultimatum, US has no 'moral right' to stop Israel from attacking Iran

Zerohedge: Obama Issues Statement, "Strongly Condemns" Killing Of US Ambassador In Libya
WorldCrunch: US Ambassador To Libya, Three Other Staffers Killed In Riots Against Anti-Islam Film 
BENGHAZI - The US Ambassador to Libya and three other staff members were killed following an attack on the US Consulate in Benghazi amid protests against an American amateur film denouncing the Prophet Muhammad.
Al Jazeera reported that US Ambassador Christopher Stevens died from smoke inhalation after the consulate was set ablaze in the Libyan city where the 2011 uprising against Muammar Gaddafi began.
WSJ: U.S. Envoy to Libya Killed 
Guardian: Muhammad film: Israeli director goes into hiding after protests
Guardian: Anti-US protests in Libya and Egypt - in pictures 

TheState: Obama, Clinton statements on Libya attack
NBCNews: Report: Maker of anti-Islamic film 'Innocence of Muslims' goes into hiding
A California-based property developer who claims to be responsible for “Innocence of Muslims,” a provocative film about the Prophet Muhammad, which sparked Tuesday’s deadly attack on the U.S. mission in Libya and further protests in Egypt, has gone into hiding, The Associated Press reported.
Speaking by phone from an undisclosed location, Israeli-American writer and director Sam Bacile, 56, remained defiant, saying that he intended his film to be a political statement condemning the religion, the AP said.
"Islam is a cancer, period," the AP quoted him as repeatedly saying.

McClatchy: U.S. Ambassador Christopher Stevens, 3 other Americans die in Libya consulate attack 

CSMonitor: Israel-US spat: A help to Iran?
Telegraph: Benjamin Netanyahu says US does not have 'moral right' over Iran
Guardian: Senkaku islands dispute escalates as China sends out patrol ships 
WorldCrunch: China Warns Of "Serious Consequences" As Japan Nationalizes Disputed Islands
VOA: N. Korea Rejects Emergency Aid from Seoul

McClatchy: Pakistan weary of hosting millions of Afghan refugees
Telegraph: Benghazi attack on US shows post Arab Spring challenges in Libya
SeattlePI: Egypt trying to persuade Iran to drop Assad
YNetNews: PM: I will protect Israeli interests

IBTimes: US will Wipe Out American Muslims, Says al-Qaida 
IBTImes: Channel 4 Pulls Plug on 'Islam:The Untold Story' after Security Advice


OWS/Protests
Zerohedge: South African Army Put On High Alert In Response To Nationwide Miner Strike 
Guardian: Chicago teachers strike: no end in sight as schools stay closed for third day


Domestic Financial News
NewYorkPost: GM is alive -- if by alive you mean dying
WSJ: Wary of Holiday Forecasts, Retailers Stay Flexible 
FiscalTimes: Voters, Clueless about Fiscal Cliff, In for a Shock

ETFDailyNews: Will The Student Loan Debt Bubble Damage Our Financial System?WSJ: U.S. Trade Gap Widens 


Guardian: US warned of credit rating downgrade if budget dispute continues into 2013 - Moody's agency says AAA rating likely to be cut if Congress can't agree on $1.2tn of spending cuts and tax rises
Bloomberg: A $4 Trillion Dodd-Frank Loophole
Zerohedge: What Do Economists Expect From The Fed? 
BlacklistedNews: UK banks could be shut down or forced into bail-outs by Brussels 

InTheseTimes: Reforming Welfare and Gutting the Poor: A Bipartisan Platform
WSJ: Wall Street rises on Europe decision, shifts focus to Fed 


Global Financial News
WSJ: German Court Opens Door for Rescue Fund
Spiegel: German High Court OKs Permanent Bailout Fund with Reservations
Guardian: Germany's highest court approves creation of euro rescue fund

NYT: Integrating Banks Spurs Last-Minute Fears in Europe
IBTimes: India Ventures Into Rare Earths, To Launch Soon Monazite Processing Plant

Guardian: Eurozone crisis: Spain refuses bailout terms - Mariano Rajoy puts Spain on collision course with ECB after ruling out any bailout terms despite bank president's insistence
Guardian: German court approves bailout fund, with conditions - eurozone crisis live
Yahoo: German court backs euro rescue fund with conditions


Commodities/Metals
Zerohedge: Platinum Soars As Spreading South African Miner Strike Cripples World's Biggest Platinum Firm
ETFDailyNews: No Time Left, Gold & Silver Prices To Go Sky High


Environmental
USGS
M 3.3, 124km SSW of Nikolski, Alaska
M 4.8, 61km NNE of Yonakuni, Japan
NYT: In the Caribbean Coral Die-Off, Myriad Wrinkles - At its ongoing conference in South Korea, the International Union for Conservation of Nature released a report on Friday indicating that live coral coverage on reefs in the Caribbean has plummeted from nearly 50 percent in the 1970s to less than 10 percent today. Yet describing the entire Caribbean as a region where reefs are in a state of general collapse tends to cloud the problem’s complexity, the study suggests.

Guardian: Cambodian journalist murdered - A Cambodian journalist who exposed illegal logging has been murdered. The body of Hang Serei Oudom, a reporter with the Vorakchun Khmer Daily, was found yesterday (11 September) in the boot of his car.
VOA: Murder of Crusading Reporter in Cambodia Prompts Inquiry
DesdemonaDespair: Arctic has lost enough sea ice to cover Canada and Alaska 

DesdemonaDespair: Lake blamed for stench blown across Southern California


America in Decline
Reuters: Number of US poor holds steady but incomes fall - Census


Food and Water
FT: Kraft warns on US food stamp cut plans
DesdemonaDespair: Twenty more Nile rivers needed to feed growing world population – ‘The future political impact of water scarcity may be devastating’


Privacy News
BusinessInsider: This Is How Facebook Is Tracking Your Internet Activity


Science and Technology
TechReview: Room Temperature Superconductivity Found in Graphite Grains
WorldCrunch: Does The Internet Make You Dumb? Top German Neuroscientist Says Yes - And Forever

USAToday: Now what? 11 things to do with your old iPhone


Medical and Health
MSNBC: Can some asthma patients skip the daily inhaler?
TheScientist: British Health Open for Research
Starting this month, biomedical researchers will have access to an unparalleled new resource—the health records of everyone enrolled in the United Kingdom’s National Health Service (NHS), unless the patients opt out.
USAToday: Premiums for family health plans hit $15,745

NBC: West Nile outbreak stresses lab testing limits, delays diagnosis
VOA: Scientists: Popular Students More Likely to Smoke 
Rawstory: Omega-3 fatty acids don’t reduce stroke risk: study 


Doomsteading, Gardening, Urban Farming
GuyMcPherson: The 2012 India Blackouts: A Great Example of How our Education System and Media Coverage are Leaving us in the Dark


Other News
MSNBC: Battle-scarred skeleton may belong to King Richard III - Cleaved-in skull and other bones found at English dig; DNA tests to be conducted
WashingtonPost: Ex-professor pleads guilty in fatal shooting of colleagues at Ala. university faculty meeting
NYT: More Than 300 People Die in 2 Pakistan Fires
NBC: 'We were trapped inside': Pakistan factory fires kill at least 261
MSNBC: Bush administration received many pre-9/11 warnings 
NBC: Evidence piles up that Bush administration got many pre-9/11 warnings
Guardian: WARNING: cannabis causes tedious narcissism | John Harris 
BlacklistedNews: The Third Building Which Collapsed on 9/11 Was Not Hit By a Plane


Politics
Guardian: Romney win 'would wreck US name in Europe'
NBC: Romney slams Obama over attacks on US officials in Libya, Egypt

LiveWire: Romney: It's My 'Preference' That The Supreme Court Reverse Roe V. Wade


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