Your kernel log shows:
Oct 26 00:14:20 marius-T1005 kernel: [   29.834585] init: networking pre-start process (882) exited normally
Oct 26 00:14:20 marius-T1005 kernel: [   29.834792] init: networking state changed from pre-start to spawned
Oct 26 00:14:20 marius-T1005 kernel: [   29.836729] init: networking main process (883)
Oct 26 00:14:20 marius-T1005 kernel: [   29.836878] init: networking state changed from spawned to post-start
Oct 26 00:14:20 marius-T1005 kernel: [   29.837730] init: networking state changed from post-start to running
Oct 26 00:14:20 marius-T1005 kernel: [   29.838538] init: mountall main process (330) exited normally
Oct 26 00:14:20 marius-T1005 kernel: [   29.838695] init: mountall goal changed from start to stop
Oct 26 00:14:20 marius-T1005 kernel: [   29.839091] init: mountall state changed from running to stopping
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.841294] init: networking main process (883) exited normally
Oct 26 00:14:20 marius-T1005 kernel: [   29.841447] init: networking goal changed from start to stop
Oct 26 00:14:20 marius-T1005 kernel: [   29.841902] init: networking state changed from running to stopping
Oct 26 00:14:20 marius-T1005 kernel: [   29.842391] init: Handling filesystem event
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.847223] init: failsafe goal changed from stop to start
Oct 26 00:14:20 marius-T1005 kernel: [   29.847592] init: failsafe state changed from waiting to starting
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.849781] init: rc-sysinit goal changed from stop to start
Oct 26 00:14:20 marius-T1005 kernel: [   29.850153] init: rc-sysinit state changed from waiting to starting
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.852407] init: mountall state changed from stopping to killed
Oct 26 00:14:20 marius-T1005 kernel: [   29.852810] init: mountall state changed from killed to post-stop
Oct 26 00:14:20 marius-T1005 kernel: [   29.854145] init: mountall post-stop process (885)
Oct 26 00:14:20 marius-T1005 kernel: [   29.854314] init: Handling stopping event
Oct 26 00:14:20 marius-T1005 kernel: [   29.854847] init: networking state changed from stopping to killed
Oct 26 00:14:20 marius-T1005 kernel: [   29.855591] init: networking state changed from killed to post-stop
Oct 26 00:14:20 marius-T1005 kernel: [   29.856230] init: networking state changed from post-stop to waiting
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.867779] init: failsafe state changed from starting to pre-start
Oct 26 00:14:20 marius-T1005 kernel: [   29.868357] init: failsafe state changed from pre-start to spawned
Oct 26 00:14:20 marius-T1005 kernel: [   29.869757] init: failsafe main process (890)
Oct 26 00:14:20 marius-T1005 kernel: [   29.870003] init: failsafe state changed from spawned to post-start
Oct 26 00:14:20 marius-T1005 kernel: [   29.871893] init: failsafe post-start process (891)
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.876002] init: Handling starting event
Oct 26 00:14:20 marius-T1005 kernel: [   29.876681] init: rc-sysinit state changed from starting to pre-start
Oct 26 00:14:20 marius-T1005 kernel: [   29.877185] init: rc-sysinit state changed from pre-start to spawned
Oct 26 00:14:20 marius-T1005 kernel: [   29.878751] init: rc-sysinit main process (893)
Oct 26 00:14:20 marius-T1005 kernel: [   29.878999] init: rc-sysinit state changed from spawned to post-start
Oct 26 00:14:20 marius-T1005 kernel: [   29.879409] init: rc-sysinit state changed from post-start to running
<snip>
Oct 26 00:14:20 marius-T1005 kernel: [   29.888296] init: mountall post-stop process (885) exited normally
Oct 26 00:14:20 marius-T1005 kernel: [   29.888547] init: mountall state changed from post-stop to waiting
Oct 26 00:14:20 marius-T1005 kernel: [   29.890138] init: failsafe post-start process (891) exited normally
Oct 26 00:14:20 marius-T1005 kernel: [   29.890389] init: failsafe state changed from post-start to running
<snip>
Oct 26 00:14:26 marius-T1005 kernel: [   36.841940] init: mountall-net state changed from stopping to killed
Oct 26 00:14:26 marius-T1005 kernel: [   36.842163] init: mountall-net state changed from killed to post-stop
Oct 26 00:14:26 marius-T1005 kernel: [   36.842353] init: mountall-net state changed from post-stop to waiting
Oct 26 00:14:26 marius-T1005 kernel: [   36.842755] init: Handling stopped event
Oct 26 00:14:35 marius-T1005 kernel: [   45.648127] wlan0: no IPv6 routers present
Oct 26 00:14:39 marius-T1005 kernel: [   50.094478] CE: hpet increased min_delta_ns to 20113 nsec
Oct 26 00:15:32 marius-T1005 kernel: [  103.090560] init: Connection from private client
Oct 26 00:15:32 marius-T1005 kernel: [  103.104503] init: Handling runlevel event
Oct 26 00:15:32 marius-T1005 kernel: [  103.105133] init: rc goal changed from stop to start
Oct 26 00:15:32 marius-T1005 kernel: [  103.105543] init: rc state changed from waiting to starting

So the rc-sysinit job has started already at 29.879 seconds after boot, but doesn't actually hit the "telinit" command until 103.09 seconds after boot.  That means something is going wrong while running /etc/init.d/rcS.