Tuesday, May 25, 2010


News Links, May 26, 2010

The Horizon Accident, Peak Oil and the Law of Diminishing Returns

Not just their Big Fat Greek Funeral
"The problem facing the Western world isn't very difficult to figure out: we've spent tomorrow today, and we can never earn enough tomorrow to pay for what we've already burned through."
In Europe, Britain May Face Largest Debt Hurdle
Germany 'to extend short-selling ban'
The real cost of US debt
"At least $8.3 trillion of the national debt is missing from the government's books."
Daily Reckoning: European bailout was not enough to save the euro
Economist warns: Europe, then America

Arab states seek air power boosts
U.S. Is Said to Expand Secret Actions in Mideast
"In broadening its secret activities, the United States military has also sought in recent years to break its dependence on the Central Intelligence Agency and other spy agencies."

Jamaican police storm Kingston slum in search of alleged druglord

South Korea restarts propaganda broadcasts to North
N.Korea Threatens Military Action in Disputed Waters
North Korea cuts all ties with the South

Pakistan: People facing difficulties in getting water tankers
Pakistan court prevents arrest of hardline cleric
Flood alert targets 50,000 at risk

Yemen tribesmen attack crude pipeline after clashes

Bottled water contains more bacteria than tap water

Brazil poised to gain autonomy in uranium processing
Brazil to have nuke submarine reactor in 2014: Navy

Fiscal Crises and Imperial Collapses: Historical Perspective on Current Predicaments (Niall Ferguson)

Iranian firm bags Indian oil project

Japan: Nikkei Ends Below 9,500
Weak Economy, Cab Glut Drive Tokyo Taxis' Sales To 27-Yr Low

UK: Stressed teachers are time bombs, says dumbbell attack man

US: Defaults on Apartment-Building Loans Set Record for U.S. Banks
Obama to send more troops to Southwest border
Germ-fighting soaps a news source of dioxins
Thieves break into restaurant, steal food but not money
Obama's Nominee to Run Medicare: 'The Decision is Not Whether or Not We Will Ration Care--The Decision is Whether We Will Ration Care With Our Eyes Open'

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