Friday, April 30, 2010


News Links, May 1, 2010

Athens clash at finance ministry over budget cuts
Greece's survival at stake, prime minister warns
Spanish Unemployment Rate Tops 20%, Borrowing Costs Rise; Debt Rollover Risk Mounts
Spain Pricks Solar Power Bubble as Greek Fate Looms
Willem Buiter Issues His Most Dire Prediction Yet
Fears of crushing debt spread to cities, provinces

China invites world to 6-month party

Iran warns Israel against attacking Syria

Venezuela's Car Industry Freezes Up as Dollars Run Out

Thai protesters storm major hospital in Bangkok

BP's Thunder Horse to Under-Perform in the Wake of the Deepwater Horizon Blowout?
Nuclear Power: How Green Is It?
Solar test site work set to begin in June (Qatar)

Japan: 38.7% of households in red: survey
Japan factory output up but jobless rate worsens
Why the sun is setting on Japan

Deaths in Mexico drug war pass 22,000, but who's counting?

The Costs of Complexity

US: Terror Drill In Downtown Detroit
LAPD Sees 100,000 Marchers In May Day Rally
Stanford Researchers Unveil Fly-on-the-Wall Spy Drone
Bill Clinton blames current crisis on getting off gold standard
Dems' immigration proposal creates national ID card, 'fingerprints every worker'
South Florida foreclosures way up in first quarter
BP, Transocean Suits Surge as Gulf Oil Spill Spreads
Tests of Army dirigibles to use drones, missiles
U.S. Debt: Average Maturity Is On the Rise
Border security bill: Surveillance drones, radar key parts of $300M plan
Nearly 600 arrested in immigration sweep
Economists: The stimulus didn't help
Regulators close banks in Puerto Rico, Mich., Mo. (62 for year)
Dow Slumps 159: "We Need Substantially Higher Growth Rates," Galbraith Says

And finally... Boy Scouts of America introduce new video game badge

Thursday, April 29, 2010


News Links, April 30, 2010

Iranian Plane Buzzes U.S. Carrier in Middle East

Credit Agricole, SocGen Face Greek Risks as Debt Crisis Deepens
Greece Agrees to €24 Billion Austerity Program: Report
Eurozone Debt Crisis the 'Canary in the Coalmine' as U.S. Deficits Soar
The Euro Is a One-Way Bet -- Down
Eurozone Fiscal Crisis May Require $800B Aid Package

Oil Spill May Cost Insurers $1.5 Billion in Claims
BP Shares Plunge as Company's Huge Oil Spill Worsens

Power shortage might hit central, SE China
Sinopec Refines 20% More Oil to Fuel China's Economy

Gujarat faces power shortage of 528 mn units

Pakistan Taliban chief 'survived drone attack'

Ban On Burqa-Type Dress Moves Forward In Belgium

US-Japan Airbase Spat May Have Regional Ripples

Press freedom falls around the world
UAE: ID cards required to use public internet

"Land-grabbing" in Africa

UK: Record numbers of Britons declared insolvent

US: The Rise of the Mega-Rich
Correcting Possible Misunderstandings About Municipalities and Their Bonds
Ron Paul: Obama's not Socialist, he's Corporatist
Provision would break up nine biggest banks
Cyberattacks: Washington is hyping the threat to justify regulating the Internet
United Airlines, Continental nearing deal on merger, reports say
Researchers show how to use mobiles to spy on people
GDP — Do We Have Walking Pneumonia?

Wednesday, April 28, 2010


News Links, April 29, 2010

China May Announce 4 Trillion Yuan Stimulus, China Business Says
China wants telecom companies to inform on clients
China's Nonexistent Rebalancing Act
Buzz builds: Pak to get 2 n-reactors from China

Greek unions to strike May 5 against austerity
Greek debt crisis: Europe feels shockwaves as bailout falters
Spain's Debt Rating Cut as Finance Officials Meet
Roubini Says Rising Sovereign Debt Leads to Inflation, Defaults
A Clear Warning Sign: Global Liquidity Is Drying Up!
Pan-European Sovereign Debt Dominoes Falling as Anticipated
Greek crisis 'could trigger rethink' for GCC single currency
Italian Debt Sale to 'Feel the Heat' as Greek Contagion Spreads

Report: Terror Attacks in Pakistan, Afghanistan Soared in 2009
Thai troops fire into crowd of protesters
Hundreds of unpaid Somali soldiers desert to insurgency
USAF Broadens Plans for Next-Generation UAV
Drone Pilots Could Be Tried for 'War Crimes,' Law Prof Says

Farmers in Paris protest falling prices

Ukraine Leader Says Kiev Needs More Chernobyl Funds

Japan: JR Tokai to postpone maglev train service launch by 2 years
Note: The maglev will never happen.
Incredible shrinking Japan Airlines: JAL To Eliminate 45 Flights In FY10 In Bid For Revival

Oz: Peak Metals - Are we running out of the metals we need?
Victoria Police switches to semi-automatic weapons

Global gas demand to shoot up 50pct by 2030

UK: First police Tasers, now hypodermics?

US: CIA rolls out plan to beef up spy techniques
Controversial Report: Wind Energy Causes Pollution
Los Angeles: Thousand line up for free medical care
Daily struggle: U.S. system strains primary doctors
Detroit officials look to downsize city
"If we don't do it, you know this whole city is going to go down."
Harrisburg finances: Selling assets is only viable option
Detroit leads the way in urban farming
America's dream of greater energy independence is rapidly turning into an ecological nightmare
Collier County plans to shut off street lights to save money (Florida)
Banks Bailed Out By American Taxpayers Are Paying Us Back By Shorting Our States and Cities
Univ. of Wisc. Cancels Antiwar Forum Over 'Security Concerns'
Return of the 'Glutonomy'
Special Report: Rapid growth of militias feeds off politics

Tuesday, April 27, 2010


News Links, April 28, 2010

Norway agrees Barents Sea Arctic border with Russia
US evacuates oil rig after Gulf of Mexico leak

Strike shuts down Greek ports
Fears of civil conflict deepen in Thailand
SE Asia Worries Thailand's Unrest Could Spread
Egypt a ticking time bomb

Brazil plans an armed force of 500,000
Report: Turkey, Syria to conduct joint military exercise
Iran says military drill in Persian Gulf "successful"
China arms Iran
China seeks close military ties with Cuba
North Korea Readying For 3rd Nuclear Test: Report
Chavez Accuses US Plane of 'Electronic Warfare'
UN scales back after three bomb blasts rock Kandahar City ahead of key Nato campaign

Global oil demand to increase by five million bpd: Kuwait
Commodity prices to remain high, says IMF report
Gazprom becomes world's most profitable company
Electrolux warns of rising raw material prices
Australian steam coal price surges to USD 108 per tonne FOB
Lords of Water
"Estimates are that the U.S. will have to invest $23 billion annually for the next 20 years to maintain water infrastructure at its current level."
Five Questions About Gold The IMF Refuses To Answer
IMF to hold summit on global reform in Zurich
Standard & Poor's downgrade Greek credit rating to junk status
Europe debt crisis spreads to Portugal
Greek bondholders may take €200 billion haircut
Stocks Plummet as Market Wakes Up to "Real Crisis," Says Peter Schiff
"The economy is in worse shape than in 2008."
Greece Just Tip of Debt Crisis Iceberg: Roubini

UK launches competition to find cyber security experts
General Election 2010: multi-billion black holes in all three parties' spending plans

US: Secrecy Shrouds NYPD's Anti-Terror Camera System
Banks go bust in US wiping out billions of assets
Bernanke Knows Avoiding a Disorderly Collapse Is Increasingly Unlikely
"We have a $14 trillion economy that has accumulated a fifty-eight percent net deficit, or more than double the distortions that had to be absorbed in the 1930s. It is obvious that sudden withdrawal of that support would lead to an instantaneous and catastrophic economic collapse."
The New Secessionists
City hopes lights off will brighten the budget
Buddy, can you spare $120 mil? Seattle's budget blues; Deficits projected for years to come
Panel to seek solutions to U.S. budget woes
"We could have double-digit growth for 30 years and never grow our way out of this."
Obama Debt Panel Considers Ideas to Reduce Red Ink
"This debt is like a cancer; it's a cancer that's going to destroy our country from within."
54% Lack Confidence in U.S. Banking System
Fed-up fliers turn to U.S. train travel
Depaving Portland: Who Says Cities Have to be Islands of Concrete?
Pentagon's Mach 20 Glider Disappears, Whacking 'Global Strike' Plans
Ten Trillion And Counting
Chronic unemployment rises to a record among jobless Americans: Chart of day
Raw Materials Bumping Up Home Prices
'Deep concerns': Napolitano testifies Arizona immigration law will be reviewed
Layoff Notices Sent to Thousands of US Teachers
Look out below: U.S. pain not done yet

Monday, April 26, 2010


News Links, April 27, 2010

Pakistan begins second phase of war games
Kim Jong-il Watches Massive Military Drill
Lawmakers Approve State of Emergency in Paraguay Region
Japan's First Foreign Military Base to Open in Djibouti Africa
Israel 'cuts arms sales to Turkey'
Report: US leaked warning on Hezbollah Scud possession
Hundreds Killed as US Escalates Pakistan Strikes, Few Notable Militants Reported Killed

British al-Qaeda commander planned July 7-style attack on New York subway
Al Qaeda operative Rashid Rauf reported killed in North Waziristan strike (Nov 22, 2008)

Russia, Norwegian leaders discuss Arctic border

China Renders Iran Sanctions Toothless
"In fact, refinery expansion currently underway should make Iran a gasoline exporter by 2013."
Chinese Oil Companies Expanding Collaboration on Major Projects
Will China Rip Africa's Face Off?
China's Navy Gets Its Act Together, and Gets Aggressive

British ambassador to Yemen escapes assassination attempt by suicide bomber

UAE motorists face further fuel price hike
Gas Shortages in Haiti: A Long Ranging Problem
Sympathy for the oil industry: diminishing returns start to hit home

Thai pro-govt supporters call for martial law
Thai Protesters Ask Backers to Block Police and Military as Crackdown Looms
Protests, blockades, grenade attack against politician

Portugal Credit Default Swaps Hit Record High
China Stimulus Plan Report Is Doubted by Economists
Greece's Fiscal Woes Are Lesson for Japan, IMF's Shinohara Says
Bank of Ireland Plans to Raise 3.4 Billion Euros
Greek Bond Yields at 12-Year High, Contagion Increasing
Merkel Tells Greece, Euro Region That Bailout Isn't a Done Deal

New World Order: Squatting - How to Squat in Abandoned Property
Squatters: 4.4 Million and Counting (US)

UK: Couples must budget £600,000 for retirement

US: Military cancels nuclear attack test
NSA holds cyber boot camp
Illinois lawmakers want National Guard to quash rampant violence in Chicago
Wanted: 3,000 National Guard Troops to Combat Violence 'Epidemic' at Mexican Border
Gasoline ready to push to new 18-month high with $3-per-gallon on the horizon
10 Cities Facing a Double Whammy of Default Risks
Airlines: First it was the baggage fees. What's next? Pay toilets?
Targeted Killing Lite: Inside the CIA's New Drone Arsenal
Missile system enters design phase
Carnivores' Dilemma Widens as Pork Signals Meat Surge
Tsunami of Red Ink - Global Look at National Debt and Who Owns US Debt

Sunday, April 25, 2010


News Links, April 26, 2010

Greece races for rescue, some fear $60 billion not enough
Greek domino topples; Rest of the "PIIGS" next!
EU Sovereign Debts Exploded In 2009 - Governments Now Biggest Spenders
Rogoff Says Greece Probably Won't Be Last IMF Bailout in Europe
The Party's Over: China's Endgame
I'll Tell You When Chinese Bubble Is About to Burst: Andy Xie
China Tightens Property Finance, Pledges 'Proactive' Measures
Carmakers 'Unsustainable' Growth in China Risks Overcapacity
Venezuela May Nationalize Gold Mining, Says Chavez

'Rare Earths Summit 2010' Emphasizes Opportunity for Non-Chinese Suppliers

A cruise missile in a shipping box on sale to rogue bidders
Iran fires short-range missiles in Gulf war games
Iran: Domestically Made Drones By March 2011
Afghans Torch NATO Vehicles After Latest Night Raid Killings

Ash cloud highlights Gulf's fragile food security
US, others commit $880 mln in food security funds

The return of oil
Russian gas exports increase 120% in first quarter
Putin wins Austrian gas deal, scorns EU pipeline
Saboteurs hit Iraq's northern oil pipeline, halting exports
How Far Are We Willing To Go For Oil?
Just How Dangerous Are Oil Rigs, Anyway?
Oil over $100 damaging, OPEC may act -Kuwait
India's Potentially Huge Coal Import Bill

Gunmen ambush security official's convoy in Mexico
No end in sight for Thailand's political crisis

Oz: Prepare to work until you're 100
Australia pushes net censorship in Washington

Japan: 100,000 Okinawans tell US to take its base and shove it
IMF warns against Japan's fiscal deterioration
Kan, Geithner Agree Govt Finances Need Bolstering
Japan to expand search for rare metals to maximize use of EEZ

US: Many cities nationwide face budget crises
The Rich Are On the Rebound
99 weeks of jobless benefits still not enough
FBI names veteran officer to oversee intelligence divisions

Saturday, April 24, 2010


News Links, April 25, 2010

A contrarian makes another call – this time, natural gas
Shale-Gas Drilling in U.S. May Stall as Below-Production Prices Erode Cash
Ripple Effects After an Offshore Oil Rig Explosion
China: Power use by energy guzzlers hit a new high
Abu Dhabi to crack down on energy use
The Imminent Crash Of Oil Supply: Be Afraid

U.S. Faces Choice on New Weapons for Fast Strikes
Thousands protest in Ukraine over deal with Russia

Iran strikes secret nuclear mining deal with Zimbabwe's Mugabe regime

The Recession is Dead! Long Live the Recession!
Interruption in flights was near-disaster for African flower growers

Thailand is close to civil war as its British-born PM rejects deal with angry Red Shirts
Thailand Crisis: Peace Talks Break Down

UK: Shortage in the London Power Grid
"The power shortage threatens companies' ability to build or expand data centers."
Super-rich become wealthier again, Sunday Times says

US: Scientists Say Growing Grain For Food Is More Energy Efficient
With Nowhere Else To Cut, Teachers Are Next To Go
Driven to Destruction – The End of The Interstate Age

And finally... Don't talk to aliens, warns Stephen Hawking

Friday, April 23, 2010


News Links, April 24, 2010

Athens to ask for activation of rescue package
Greece not alone with debt issues
World Faces 'Sovereign DisCredit': Economists
Brazil Credit Growth Is 'Not Sustainable,' HSBC Says
Mapping China's Growing Global Clout
Two More Signs China's Economy Is Overheating

N.Korea seizes S.Korean assets, warns of war
Sanctions on Iran's gasoline imports? That's war talk.

Iran, Russia and China beating a path to Latin America's door
Peru plans helicopter purchase from Russia
China opens missile plant in Iran

Fitch warns Japan credit rating at risk from debt

'Terrorists' blamed for attacks amid Thai deadlock

Facebook: Privacy Enemy Number One?

Oil rig explosion unmasks 'dangerous myth' of safety, lawmakers say
Oil Producers Risk Blowouts in Search for Deep Fields

India: Radioactive material removed from Delhi scrap shop
Food inflation creeps up to 17.65 per cent
Raw Materials Pushing Indian Tire Prices

Dozens killed in Baghdad in 'revenge al-Qaeda attacks'

As Russia Reclaims Its Sphere of Influence, the U.S. Doesn't Object
Black-Market Uranium Seized in Georgia

Japan: Fast-breeder reactor to relaunch operation as early as May

UK: Prison numbers in England and Wales reach record high

Mexico: 6 Mexican police officers killed in Ciudad Juarez

US: Wholesale food prices soar
3 Game Changes in the U.S. Army's UAV Road Map
America's Infrastructure Is Rotting Right In Front Of Our Eyes
"One of the key signs that we are in the early stages of an economic collapse and that we are heading towards another Great Depression is America's crumbling infrastructure."
One in Five Americans Fear Job Loss in Next 12 Months
Obama Revives Rumsfeld's Missile Scheme, Risks Nuke War
Bills show Arizona's bend to the right
Generation Y headed for financial trouble?
"The group appears likely to become the first U.S. generation in 100 years to do worse economically than their parents."
A Real Estate 'Re-Bust' for Detroit?
Is the US Facing a Cash Crunch? (Lots of tables and charts)
Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would "Trigger A Chain Of Bankruptcies"
Gingrich: Tea Party will become 'militant wing' of GOP
Airmen to Live Out Their Careers In Cyberspace
Gathering Storm May Sink Navy Shipbuilding Program

Thursday, April 22, 2010


News Links, April 23, 2010

Jet fuel's rise poses risk to airlines
Biofuels cause four times more carbon emissions
Ecological risk grows as Deepwater Horizon oil rig sinks in Gulf

Peak Phosphorus
"This is the gravest natural resource shortage you've never heard of."
Ukraine to up uranium output

South Korean ship sunk by crack squad of 'human torpedoes'
Report: SKorea warned of NKorean submarine attack
Pentagon backtracks: Iran attack not 'off the table'
Iran plans to produce missile systems similar to Russia S-300: official
Iran begins war games in Gulf, Strait of Hormuz
"Argentina became the eighth Latin American country to buy Russian weapons, along with Brazil, Venezuela, Colombia, Mexico, Uruguay, Peru and Bolivia."
Bosnia gets Nato membership plan
Russian navy tests supersonic missiles in Sea of Japan exercise

Moore Capital warns of euro-zone 'breakdown'
More Euro Bleeding, And 3 Reasons Why Washington May Refuse More IMF Aid
Euro-Area Deficit Widens to More Than Double Limit
Markets Brace for Greek Default
Greek debt crisis worsens as EU revises figures
Greek Deficit Revised to 13.6%; Moody's Cuts Rating
Governments Will 'Bankrupt Us': Marc Faber

Pakistan holding thousands in indefinite detention, officials say
US weighs Iran military option
"If Iran decides to go for nuclear weapons, the US may not be able to permanently stop this from happening unless it is willing to occupy the country."

China's new dam seen as a water hog
China Bank Thinks It Can Get $30 Billion in I.P.O.
China Sets Sights On Enhanced Air, Sea Power
China's LNG imports surge 86.4% in Mar
The Ripple Effect of China's Sagging Real Estate Sector
Marc Faber on Bubble Building in China

Mexico: Armed gang abducts seven people during hotel attacks

Vietnam: Dry rivers spell power shortage

Japan: IMF says continued ultra-loose monetary policy needed to fight deflation
Idemitsu To Cut Oil Refining Capacity 16% By FY13
JAL Debt Worth 20% Of Par Value Based On CDS Auction Results

Canada: Crumbling Parliament buildings on verge of 'total failure': Auditor general

Thailand: Grenade attacks kill three and injure 75

French to ban Muslim women from wearing veil
Belgium lawmakers set to ban Islamic burqa Thursday

'Black Swan' Volcano Offers Us Lessons

UK: Leicestershire to dim street lights

US: GM bailout was a total failure
Schwarzenegger, Villaraigosa back plans to rein in pension costs
Inland Empire hate groups come into focus
NYC firefighters, Marines to hold terror drill
U.S. doctors, minorities still wary of shots: official
Killer fungus seen in Pacific Northwest
At 40, Earth Day Is Now Big Business
Many Americans struggling with rising rental housing costs
Flying car? Dept of Defense OKs new Jetsons-like vehicle
The Future of American Combat Aviation: FUBAR?
Home prices remain in decline
DataQuick: Foreclosures moving to mid-to-high end
Detroit area unemployment rate is 15.5% in March
"Lights Out" Could Save City Millions, Cause Crime

Wednesday, April 21, 2010


News Links, April 22, 2010

As power shortages spread, Pakistan switches off the lights

Tipping Point: Near-Term Systemic Implications of a Peak in Global Oil Production
Part 6: Principal Feedback Mechanisms Driving Collapse

Russia Pays Ukraine $40 Billion to End 'Gas War,' Fix Navy Deal
Russia's Black Sea Fleet to stay in Ukraine until 2042
Russia eyes purchase from French navy

Iran Announces War Games Amid Sanctions Fray

Does Death Prove Iraqi Al Qaeda Leader Existed?

-- International high finance! --
Greece default still in play as deadline looms
Greece 'needs £70bn to avoid default'
Greece – About To Hit The Panic Button?
Post-crisis banks must refinance $5 trillion
Sovereign debt tops IMF worries
More Capital for World Bank Signals More Global Trouble Ahead
Note: Recall this closely related item from two days ago.
Iceland reports record 34 percent inflation
Banks Punished in Swaps as Industrial Gap Soars: Credit Markets
What links the banking crisis and the volcano?
"We rely globally on over-complex, over-strained systems."
IATA: airlines lost over $1.7BN in ash chaos

Thailand's unrest spreads as army train blocked
Thai anti-government protesters fortify city barricades

-- Oil and gas --
India, US and China consider joint strategic crude oil response (Japan and SKorea also attending)
A Chilling Oil Graph
Kuwait Hires LNG Tanker as Offshore Terminal for Summer Imports
World LNG Demand Will Double by 2020, Shell's Outen Says
Transocean Deepwater Horizon oil rig explosion shows new risks
Iraq Oil Bases Sprout as Halliburton Chases Growth

Dubai: No property rebound until 2011 at earliest

Brazil: Indigenous people declare war to prevent construction of the Belo Monte dam

Saudi Arabia: US wants to join nuclear city project
Saudi youth unemployment over 40 pct

Japan: Chinese destroyers, subs, passed near the disputed Okinotori atoll
Chinese navy chopper approaches Japanese destroyer near Okinawa, takes photos
One-time cement center struggling to stay alive
Steel industry chief calls major mining firms 'greedy'

S Korea To Photograph, Fingerprint Visitors Starting This Summer

US says 'All options' open if Syria arms Hezbollah

Kitchen Gardens International: A gardeners' social network

UK: BNP leader attacks foreign workers
Unemployment rises to 2.5 million, highest in 16 years
First-time buyers 'at near twenty year low'

US: Arizona passes tough illegal immigration law
Air Force to launch X-37 space plane: Precursor to war in orbit?
Shocking: Digital Photocopiers Loaded With Secrets
"Your Office Copy Machine Might Digitally Store Thousands of Documents That Get Passed on at Resale"
The Dealer Next Door: Selling Marijuana Becomes a Second Job for Many
Big banks mint money again: $18.7 billion
Treasury May Sell Record Amount of Notes, Primary Dealers Say

And finally... Octopus steals underwater camera from diver

Tuesday, April 20, 2010


News Links, April 21, 2010

Israeli defense minister says no war this summer
Israel builds up deep-sea navy
America's Loose Nukes in Israel

Two Iraq Al Qaeda leaders killed: Did they really get Abu Omar al-Baghdadi?
"Iraqi authorities announced last year they had killed Baghdadi..."
Terrorists Seek Next 'Jihad Jane' on English-Language Web Sites

Turkey offers to mediate on Iran's nuclear programme
It may be too late to stop Iran getting nuclear bomb, says former US defence official
Henry Kissinger: US and Russia should share anti-Iran missile defense
Israelis Debate Striking Iran Without U.S. Consent
Would the U.S. Shoot Down an Israeli Jet? Top Officer Won't Say
Assad due in Egypt to discuss threat of Israeli-Syrian war
Saudi Arabia to Create First Nuclear City in Kingdom

Thai army 'ready to use live fire against red-shirts'
Communist rebels kill police in the Philippines
Somali pirates seize 3 Thai ships with 77 crew

The future of air travel
"Within the next decade, dozens of major airlines will go bankrupt."
Zambia flower and food exports hit by ash flight ban

China: Expert warns on hot money
China Idles 40% of Windpower Turbine Output Capacity

Japan: Ministry aims to build over 14 new atomic power plants by 2030
Japan's FY 2009 Crude Steel Output Falls below 100 M. Tons
Ash disruption causes Nissan to suspend some production

Iceland's Banks 'Could Collapse' Without Central Bank Knowing
Greece Debt Swaps at Record as Icelandic Ash Smothers Aid Talks
In Saudi Arabia, a Credit Squeeze
Greek Default Could Be 'Infectious,' Deutschlandfunk Reports
How lending Greece a hand could get Germany kicked out of the Euro
GDP Is The Real Fraud
German Windfall Profits From Exiting The Euro

Google releases tool to show government censorship requests
Arizona, Belgium, UK: Traffic Cameras Spun, Scorched, Swiped
Intelligence had warned of attacks in major cities (India)

UK: Inflation: surging fuel costs push CPI to 3.4%
Student loans fear follows inflation increase

Mexico/US: Tapeworm brain infections increasing

US: Gun rights advocates rally in Washington, Virginia
"They are coming for everything because they are a bunch of socialists."
Why the U.S. Can't Inflate Its Way Out of Debt
Virginia reopens highway rest stops, but roads are crumbling
Boston park system facing cash shortage
Copper Thieves Target Power Lines
Lawyer Who Saved Bill Clinton From Impeachment, Brought In To Rescue Goldman Sachs
Commercial Property Prices: The Downturn Continues
Recovery? Most metro areas still losing jobs
School lunches called a national security threat
L.A. Mayor Axes Firefighters, Clerks to Fill Yawning Budget Gap

Monday, April 19, 2010


News Links, April 20, 2010

US says military strikes against Iran on the table
Joint Chiefs Chair: No, No, No. Don't Attack Iran.
Israel mulls buying more F-15s, F-16s

Saudis Tighten China Energy Ties to Reduce U.S. Dependence
Iran to set up 'Oil Industry Bank'
Gas exporting countries to consider increase in gas prices for Europe

Blast hurts official's driver in Russia's Ingushetia

-- International high finance! --
Airline losses from ash climb over $1 billion
Greek borrowing cost at new high
Gordon Brown and Angela Merkel attack Goldman Sachs
The Ultimate Ponzi Scheme: IMF Increases Its Fire-Fighting Fund 11-Fold
"The IMF's eleven-fold increase in its fire-fighting fund, announced earlier this week, is a sign that the endgame for the global debt markets is approaching."
Abu Dhabi and Dubai rent to fall further 20%

SKorea's Lee vows strong action in ship sinking

Volcanic flight ban hits Kenya farm workers (On the virtues of globalization)

UK: What happens if Britain's population hits 70m?
UK's 'virtual water' reliance worsens global shortages

US: Seattle sees another housing bust
Poll: Americans' distrust of federal government is deepening
Bill Clinton's warning on extremist mood in US
Citigroup posts $4.4 billion first-quarter profit
Spitzer: Goldman suit no coincidence
Advocates carry handguns, rifles at Va. rally
McCain suggests using military tech on Mexico border
Senate set to consider NSA chief as head of Cyber Command
Richard Clarke On The Growing 'Cyberwar' Threat
Baja California luxury developments go from boom to bust
14 Risks with Supposedly "Safest" Securities

And finally... Grass-eating beetle could devastate Britain's lawns!

Sunday, April 18, 2010


News Links, April 19, 2010

Japan 'boosting intelligence on Chinese military'
Japan bemoans route used by Chinese flotilla
Japanese islanders rally against US base plan
Russia must have role in Europe-based missile defence system, says Nato chief

European new car market enjoys calm before storm
Volcano cloud pushes European airlines to the brink: analysts
Abu Dhabi opens arms to serious investors
Abu Dhabi told to avoid Dubai property perils
$364bn of UAE construction projects on hold, cancelled

Now we know the truth. The financial meltdown wasn't a mistake – it was a con
Merrill Used Same Alleged Fraud as Goldman, Bank Says
Goldman Sachs May Face U.K., German Probes After Suit
The Future of Capitalism - Profits and Growth (but not without cheap oil)
Saint-Etienne Swaps Explode as Financial Weapons Ambush Europe

China Lends Venezuela $20 Billion, Secures Oil Supply
China Boosts Gas Sales to Iran, Irks U.S.
Chinese coal demand to remain strong
Ecuadorean threat to oil giants
Russia eyes gas discount for Ukraine in exchange for energy project participation
Saudi Arabia sets up nuclear energy science centre
"Fast growing power demand is forcing Saudi Arabia to look at all sources of energy."

Thailand Tourism Devastated by Political Unrest
Thailand faces threat of yellow-shirt counter-protest

Malaysia: Cap on foreign workers likely

China Starts New Bureau to Curb Web

Suspicions Hamper U.S. Access To Kyrgyzstan Air Base
Taliban say buildup under way
Suicide bomb at police station kills 7 in Pakistan

UK: Government plan to bring back 200,000 stranded Britons will involve Navy if crisis worsens
General election 2010: Labour promises Mandarin in schools
Israel Sells More Drone Technology to UK

US: Eight Banks Fail, 2010 Tally Hits 50
Rising Fuel Prices Could Chill Summer Vacation Plans
Shoe heels go glitzy in hard times
Natural Gas Boom Gets Put On Hold (sheds revealing light on shale gas)
Airlines Pledge Not To Charge For Carry-Ons
Clinton Says He Got Wrong Advice on Derivatives
Southern California office market continues to weaken

And finally... Ride out collapse in style with the ultimate survival bunker

Saturday, April 17, 2010


News Links, April 18, 2010

Ahmadinejad: Israel has nukes while Iran banned from nuclear energy
Iran calls US 'the world's only atomic criminal'

SA defense minister says army is in dire straits

Germany to Review Possible Legal Steps Against Goldman
Swaps: A warning from France that the financial crisis isn't over

UAE: Petrol price to increase 11% across the country

Polish Crash Shows Russia's Crumbling Airports

China's Rules to Curb Property 'Madness' Will Take Effect Now

Israel iPad Ban Puzzles Many

Mexico cartels empty border towns

US: After Peak Oil, Are We Heading Toward Social Collapse?
California's jobless rate hits high of 12.6% in March
Postal Service Seeks to End Saturday Service To Avoid Financial Collapse
Kansas: Shortfall for '11 state budget tops $500 million
Arizona to allow concealed weapons without permit
GM's Pension: A Ticking Time Bomb for Taxpayers?
Wave of commercial foreclosure postings hits Central Texas
Foreclosure Pipeline Is Full to Bursting

Friday, April 16, 2010


News Links, April 17, 2009

Numerous Derivative Swap Deals Blow Sky High In Europe
Outstanding Sovereign Swaps Jump on Fiscal Jitters, BOJ Says
Greece lays groundwork for possible EU-IMF aid: PM
Greece May Spur German Rethink, Morgan Stanley Says
"Germany might consider exiting Europe's current monetary union to create a smaller bloc as the Greek crisis threatens to turn the euro area into a region of 'fiscal profligacy.'"
The Greek Drama: German Professors Take on the IMF and the EU
BRIC leaders: IMF, World Bank has 'legitimacy deficits'
Deflation is pushing Ireland to restructure faster
If the economy is recovering, why is gold still rallying?
Turkish unemployment up to 14.5 percent
Russia Could Raise Up To $5 Billion In Eurobond Market Return
Dubai World creditors reject 1 pct interest
Euro Zone Government Debt Could Top 100% of GDP
Defusing Canada's debt bomb
U.S. Debt Headed To Possible 'Crisis'

Russia flexes muscles in Western airspace
Hillary Clinton tells Israel to stop 'settlement activity' and provoking Palestine
Syria: Israel's Scud Accusation May Be Pretense for Attack
How U.S. weapons technology is finding its way to Iran
U.S. Lawmaker Asks France To Stop Russia Ship Sale

Danish Hotel Pays Its Guests to Generate Electricity on Exercise Bikes

Chinese city to sterilise 10,000: report
China takes fresh measures to deflate housing bubble

Iran struggling to sell oil, storing millions of barrels at sea

Brazilian President Lula: BRIC countries must forge a transparent system of global governance
Afghanistan, the TAPI Pipeline, and Energy Geopolitics

Thailand: Red shirt leader embarrasses government with daring escape
Thai PM puts army chief in charge of security

UK: Britain Going Bankrupt?

Japan: Gov't asks farmers to supply more vegetables to stem price hikes
Incredible shrinking Japan Airlines: JAL receives far more early retirement applications than planned

-- Volcano is actually a lesson on world's reliance on oil --
Volcano illustrates world's interconnectedness
Europe's Flight Chaos Worsens as Ash Cloud Spreads
Airlines' Revenue Loss From Ash $200 Million a Day
Flight ban could leave UK short of fruit and veg
Impact of volcanic ash surfacing for US businesses

Canada: Price of electricity jumps 12 per cent

Natural Gas May Be Worse for the Planet than Coal

US: 98% loss for Goldman Sachs property fund
Minn. might have to make bank run for 2011 bills
Deadly night in Chicago as 7 killed in shootings
Army wants unmanned Black Hawks
SEC accuses Goldman Sachs of defrauding investors
Regulators shut 5 banks in Fla., Mass., Mich. (total for year: 47)
Navy admits that anti-pirate patrols are unsustainable

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