Monday, May 24, 2010


News Links, May 25, 2010

It's Total Debt, Not Only Public Debt, That Matters
"All that's really happening now is that the private sector debt is leaking across to the public sector via the bailouts."
China: No property taxes for now: Official
Germany Prepares for $13 Billion 'Debt Guillotine'
IMF raises fresh concerns about the Spanish economy
Spain Is an 'Anti-Market'
"It is estimated that the Spanish banking industry could be sitting on €300 billion worth of mortgage-related losses."

U.S. military told to get ready in Korea standoff
Obama tells military: prepare for North Korea aggression
Kim Jong Il Orders Military to Get Ready for Combat
US-South Korea joint naval exercise to increase pressure on North
Korean Crisis May Lead To Greater U.S. Military Role

Jamaica: Kingston declares state of emergency after gangs attack police
Gun battles intensifying, spreading

Australia expels Israeli diplomat over Dubai hit
Spokeswoman: Israeli president denies report he offered South Africa nuclear warheads in 1975

Fusion reactor costs ballooning
Nuclear renaissance, anyone?

UK: Farmers targeted in rural crime wave as sheep and quad bikes stolen
Young adults believe in the age of entitlement, claim researchers
UK bans doctor who linked autism to vaccine
More than 50,000 jobs 'at risk' from £6.2bn cuts

US: Cash-poor districts cut summer school
Municipal Bonds: The Next Financial Land Mine? (Time)
Imperial Wars Are Making You Poor
Force Structure Cuts Coming
"It is highly unlikely that we will achieve the real growth rates necessary to sustain the current force structure."
Bad cement jobs plague offshore rigs
Preschools in forests take root in the US
U.S. government stockpiles new, safer smallpox vaccine
Will Illegal Immigration Spark Civil Unrest in the United States?

And finally... UK: One in ten 'would rather lose partner than TV'

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