Tuesday, February 23, 2010


News links, February 24, 2010

Amigos, we are approaching a critical juncture while wading in deep doo-doo. The “recovery” exists only in the minds of those who purvey feel-good propaganda meant to keep you investing your last few dollars or yen or whatever in the stock markets. So hike up your doo-doo waders and work on your preparations for collapse and the emergence of whatever comes next.

Dubai murder an 'Israeli act of terror': Iran

Saudi Arabia Shifts Its Focus To China As The United States Falls Out Of Favor
"Saudi Arabia has reacted by striking new refining deals with Beijing and moving storage facilities from the Caribbean to Japan."
West Not Recovering, Bond Crisis on the Way: Strategist
Harvard's Rogoff Sees Sovereign Defaults, 'Painful' Austerity
Debt: Get Out of Europe, Japan and the U.S.

Americas bloc excluding US and Canada is proposed

Argentina rallies regional support over Falklands

Greek Unionists Take Over Athens Exchange Building in Protest
Greek banks see their credit ratings cut
Greece not the only country that cooks the books

Fortress Oz: Kevin Rudd says Australia faces major terror threat

China tightens internet controls
Hong Kong Land Sale Raises Worry of a Bubble

As Mexico's Drug Wars Worsen, Former President Suggests Legalizing Drugs

Japan Carmakers' Overseas Output Up 70% In January

UK: Costs of London Olympics ballooning. Can Paris play host? Athens?
Second thoughts about Britain's ID cards and privacy
'More than one in 10 suffer rude behaviour in the workplace every week'
Too soon to cut public spending, IMF warns
Deathbed of Keynesian Economics Will Be in U.K.

Israel's Mega-Drone: News, or Zzzzz?
Israel's long-range UAV 'no gamechanger'

US: Wealth Disparities in U.S. Approaching 1920s Levels (The chart says it all!)
Commercial Real Estate Apocalypse in 2011-2012
Bridge Problems In Oklahoma
Number of homeless students skyrockets in local school districts (Michigan)
A Bottomless Pit: The coming $1 trillion public pension crisis
Social Security is Ponzi scheme, will go bust
'Doomsday is here for the state of Illinois'
"It will take a massive tax increase -- and $2 billion more in cuts -- to reach solvency, group says"
Economists: Recovery is firmly on track (Whew!)
Insider selling soars to 2010 high (Do insiders also think the recovery is on track?)
U.S. driving decline is in reverse
In quest for jobs, more Americans join ranks of day laborers
Kansas City considers closing 31 of 61 schools
Docs cut work hours as primary care shortage looms
List of Troubled Banks at 16-Year Peak, F.D.I.C. Says
Stocks pull back after worse-than-expected consumer confidence report; Dow falls 100
Liquidating the Empire (Patrick J. Buchanan)
FDIC Report: 'We Were Broke And Getting Broker'
"Remember that the Deposit Insurance Fund went negative last quarter. Now it has lost another $20.9 billion."
'Death of American Capitalism:' The 10 final scenes
"Solution? Get into action, let's launch the 'Second American Revolution.'"
Nearly 20% of Americans underemployed
State and Federal Borrowing Is Crowding Out Everyone Else
Real Debt-To-GDP Ratio Is 130%, Greece Is Amateur Hour

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