Wednesday, June 09, 2010


News Links, June 10, 2010

-- Global economic meltdown --
US Needs Austerity Too: Hedge Fund Strategist
Australia: Bank workers fret over customer debt
EU financial woes 'to knock world economy'
India car sales up 30.5% in May
Germany, France Urge EU to Eye Short Selling Ban
Dow October 1929 - October 1930 vs. 60 Minute S&P 500 Chart
The Similarities Between Deepwater Horizon and Global Financial Meltdown
The Blog Prophet of Euro Zone Doom

China Taps Rarely Used Corn Reserve to Ease Shortage

India: Monsoon delay deepens power crisis
Protests Against POSCO's India Plant Flare Up

-- War/military/strategic concerns --
Thug rule: Could International Criminal Court Deploy U.S. as World Law Enforcer?
Taliban torch 50 Nato supply trucks on outskirts of Islamabad
Nato's dangerous supply lines
Afghan president 'has lost faith in US ability to defeat Taliban,' pins hope on Pakistan
SKorea waiting for "best time" to take sinking to UN
Which of These Two is Really Iran's Missing Nuke Scientist?
Does Averting Cyberwar Mean Giving Up Web Privacy?
Iran Sanctions Imposed by UN; Turkey, Brazil Vote No
The Chinese Navy Faces a Critical Watershed as the East Asian Strategic Balance Changes
As Turkey Flexes Regional Muscle, Ties With U.S. Sour
Thermal Energy Storage Device For Directed Energy Weapons Tested

-- Energy/oil gusher --
Matt Simmons: The Gulf Coast oil spill's Dr. Doom
"There isn't enough money in the world to clean up the Gulf of Mexico. Once BP realizes the extent of this my guess is that they'll panic and go into Chapter 11."
Will Norway Put a Moratorium on Deep Sea Exploration?
World's oil consumption, production on the decline: BP
BP's market value halved since April 22
BP Default Risk Rises Amid Increased Estimate for Size of Leak
BP hides high-def video & oil spill volumes: RICO laws could be used vs BP
More Than 6,000 Lawsuits Filed Against BP
BP plays down government claim on oil plumes
Offshore Oil Firms Feel The Heat
Sir David King: oil extraction a threat to the future
Gulf Spill Is 'Black Swan' Event: Industry Insider
S.Africa, industry in talks on cuts in power usage

Snake populations plummet
NOAA confirms oil floating beneath Gulf's surface

UK: Half of us have never fished or used a compass (Better learn now!)

Japan: Record 1.27 mil households on welfare per month in FY 2009

US: R.I. court names receiver for struggling Central Falls ("extreme fiscal stress"!)
Medicaid: States' $24 billion black hole
U.S. debt to rise to $19.6 trillion by 2015
Defense Industry's Help Needed To Avert Rare Metals Supply Crisis
Public pensions could bankrupt California
AIG's problems far greater than Bush officials told public
BP, Halliburton and Transocean decline to attend hearings in Mississippi House of Representatives
The Dark Side Of Stimulus
12 Reasons Why the Housing Crash Is Far From Over
Time For A Corporate Death Penalty
GE Capital to cut commercial real estate holdings by half

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