Thursday, May 27, 2010


News Links, May 28, 2010

-- International high finance! --
Greek Scramble For Physical Brings Gold Price To $1,700 Per Ounce
"A popular spot for street vendors to sell their coins is near the Athens Stock Exchange. There the traders wait for citizens to bring payments received from unloading their paper assets like stocks and bonds."
Why Gold Will Reach A Record $3000 In 18 Months
Asia's demand for gold soars
Gold vending machines go global
US money supply plunges at 1930s pace as Obama eyes fresh stimulus
Sovereign Debt Issuance to Speed Up, at Europe's Peril
Markets rise as China comments support the euro
Is Europe heading for a meltdown?
Dubai suffers new debt delay blow

Work stops on Chinese ghost town
Buick may owe its survival to China

-- War drums --
Seoul on alert as N. Korean submarines disappear in East Sea
S.Korea stages anti-submarine drill amid tensions
NKorea to scrap accord preventing naval clash with SKorea
Iran Apocalypse Soon
Hezbollah says it will hit Israel ships in new war

Death toll from south Russia terrorist attack reaches 7
Tajikistan pines for old Soviet Union strength

India reels under severe heat wave
Potholes in India's Infrastructure Plan

Swelling Pakistani 'lake' threatens villages downstream

Mediterranean Sea Getting Saltier, Hotter
Larger Iceland volcano shows signs of eruption
Singapore oil slick closes beach after ship collision

Can South Africa keep the lights on for the World Cup?

Canada: Rising household debt threatens recovery
Toronto police get 'sound cannons' for G20

German military faces drastic budget cuts

French protest against higher retirement age

Australia: The Land Down Under(water in Mortgage Debt)

US: Homegrown terrorist threat to be part of National Security Strategy
Obama Gives Commanders Wide Berth for Secret Warfare
Citing gulf oil spill, Obama to suspend Arctic drilling
Matt Simmons: "There's Another Leak, Much Bigger, 5 to 6 Miles Away"
BofA, Citi Incorrectly Hid Billions in Repo Debt: Report
Feds Issue Terror Watch for the Texas/Mexico Border
The Hidden Bankruptcy Sector
"Financial institutions and their clients have been buying credit default swaps (CDS) or short selling the bonds of over a dozen states as well as towns, cities, toll bridges, highways and tunnels."
Will Miami Declare Bankruptcy And Start A Nationwide Trend?
The Deflationary Impact of the Coming U.S. Commercial Real Estate Bust
Troops not militarizing Mexico border: U.S. envoy
US predicts busy hurricane season
Darpa's Beady-Eyed Camera Spots the 'Non-Cooperative'
FIRE economy has flamed out
Accounting for increasing energy use by the US food system

And finally... Japan Plans a Moon Base by 2020, Built by Robots for Robots

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