Monday, May 03, 2010


News Links, May 3, 2010

Dear readers: I'm busy with rice planting this week, so that's why the links are a bit thin and irregular.

Greece Gets $146 Billion Rescue on EU, IMF Austerity
Greek Anger Rises as Papandreou Calls for More Sacrifices
Tear gas and Molotov cocktails as Greek protesters attack banks

China's Reserve-Ratio Rise May Not Be Enough to Whip Inflation
China drives world oil demand and tanker rates
China Imposes More Liquidity Restraints: Faber Warns of Market Crash

European oil refineries profitability to drop off

US and Russia to propose ban on WMD in Middle East
Africa's oil wealth boosts arms sales

India Restricts Purchase of Chinese Telecom Equipment

Smart Money Is Short Debt Of Greece, Spain, Portugal And Japan
The Dominos Are Lining Up for a Sovereign Debt Crisis!
Governments can go broke. Guess who picks up the pieces.

Islamists seize main port used by Somali pirates
Pakistani smugglers supplying Afghan bombmakers
Pakistani Taliban chief promises U.S. attacks
Reports of Hakimullah Mehsud's death greatly exaggerated

UK: Hotels closing down despite rise in UK "staycations"
I would not want job of tackling British debt, says Buffett

US: Pentagon in Race for Raw Materials
CSIS: U.S. Space Industry Fragile
The Homeless at College
"For-profit schools are tapping shelters and halfway houses for new students, loading them with debt and leaving taxpayers on the hook."
How close are you to the financial edge? Take this quiz
The first wave of the long-term jobless are now exhausting their benefits
What will states tax next?
Frugality among consumers is outliving recession
'Cyber-attacks' subject of Dallas meeting
Fears for crops as shock figures from America show scale of bee catastrophe
Workers repairing water pipe; Boil order still in effect for 2 million (Boston)
As illegal immigration falls, is America in decline?
Where would we be without offshore oil?
Oil spills, crime waves and the increasing militarization of American life
US Air Force tanker fleet falling apart

And finally... UK: Sailor runs aground after using a car sat nav to guide his boat down the Thames

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