Wednesday, May 12, 2010


News Links, May 13, 2010

Rush to drill deeper carries big risks, but deep oceans offer best hope for new discoveries
Russia deal puts Turkey on path to become nuclear energy nation
Smart Grid doubts grow

Will the great recession lead to World War IV?

Record High for Gold as Sovereign Credit Risks Survive EU Rescue Effort
Gold prices may touch $2000 per ounce in 2-3 years
Gold and Silver Soar as Confidence in World Currencies Crumbles
"The reason gold is flying higher is because it's clearly the only currency left that's not being destroyed by a major central bank."

Iraq violence set to delay US troop withdrawal
Egypt's state of emergency extended
"The Egyptian parliament has voted to extend the state of emergency, which restricts constitutional protections and grants police extensive powers, for a further two years."

Nine killed in Chinese school knife attack
"It was the fifth violent assault on schoolchildren in China in less than two months."
Property prices in 70 Chinese cities up 12.8% in Apr
Beijing Home Prices Plunge 31.4%
Is China's Housing Bubble About to Burst?

Behind upbeat data are inflation facts pointing to crisis in 2012
Bailout Is 'Nail in the Coffin' for Euro, Rogers Says
Europe Can't Afford 6 Weeks Of Vacation Anymore
Greek Q1 GDP shrinks 0.8 pct, worse expected to come
Greece Likely to Fall Short of 2010 Deficit Reduction Goal
UK unemployment increases to 2.51 million
Bank of England voices fears over UK deficit and European debt crisis
European Debt Woes Punish Corporate Borrowers: Credit Markets
Eurozone GDP shows frailty as more austerity looms
Germans face bitter round of budget cuts as the price of eurozone bailout
Spain Prepares For Austerity And Recession
Are we heading for a repeat of the 2008 crash?

Israel: N. Korean arms were for Islamist groups
Israel FM: Iran, Syria, NKorea new 'axis of evil'
Indonesian anti-terror squads kill 5 militant suspects
Red shirt protesters face siege by Thai army

Japan Faces Debt Test as Retirees Grow, Dai-Ichi Says
Japan May Rely More on Foreign Bond Buyers, MOF Says

Police find bodies of 7 men in northern Mexico

US: Commercial real estate market in distress in California
Schwarzenegger Preps 'Terrible Cuts' to Close Deficit
International buyers spark Miami condo boom
Shadow Inventory To Peak in Summer of 2010: Barclays
Strategic Defaults: The Next Mortgage Time Bomb
More U.S. home sellers cut prices as tax credit ends
Most Americans approve of Arizona's law on illegal immigrants
With Palin, Beck and Norris, NRA expects N.C. convention to be biggest ever
Retail giant Wal-Mart will donate $2 billion to US food banks
Federal budget deficit hits April record
Oil prices push U.S. trade deficit
When the Global Debt Shuffle Hits Home
"The market's terrifying drop was more than a technical trading glitch. It was a warning that the U.S. economy is playing a dangerous game. After all the massive bailouts, the federal debt is exploding."
Backdoor Bank Bailout? Fannie And Freddie May be "Losing Money as a Matter of Policy"
Will Immigration Law Doom America's Lettuce?

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