Friday, June 11, 2010


News Links, June 12, 2010

-- Global economic meltdown --
Soros Says 'We Have Just Entered Act II' of Crisis
"The collapse of the financial system as we know it is real, and the crisis is far from over."
Brazil Corporate Bond Issuance Posts Worst Drought in 14 Months
Japan PM Warns of Default if Debt Not Fixed
US Economist Fears Greek Debt Default in August
Senator Coburn: US Liquidity Crisis Coming in 2 Years – Unless…
Deflation Fears Stir in Developed Economies
U.S. Firms Build Up Record Cash Piles
Western Capitalism in Decline
Banks With State Debt Ignore Not-If-But-When Default
Debt Facade Cracking in U.K. as Sovereign Contagion Spreads
Poll shows growing pessimism: Seven in 10 Greeks believe economic situation will get worse while 80 percent fear rise in social unrest
Deutsche Bank reveals £1.5bn short on Iberian companies

-- Military/arms/fault lines --
Kyrgyzstan declares state of emergency after fatal riot
India interviews US Mumbai plotter
Four severed heads found in Guatemala City
Ahmadinejad says Israel is 'doomed'
Russia to set up working group with France on naval cooperation
Boeing may build Russian-Ukrainian plane
Algeria: Elite police unit barracks attacked
US Air Force Adds Undergrad UAV Training, Makes Drone Pilot a Full-Fledged Career Choice
SCO summit vows to boost regional peace, stability, prosperity
Lawmakers unanimously approve Argentina's formal incorporation to Unasur
For the US in Afghanistan, the News Is Bad

Why website crashes are unavoidable -- at least for now

-- Energy/resources --
Exponential Growth Meets Finite Resources
Iran losing 8,000 bpd in oil rig fire, could burn for six months
China to buy 10 bcm of Uzbek gas a year -Xinhua
BP: Venezuela 'has world's second biggest oil reserves'
BP: Biggest Player in deepwater oil
China to continue to drive global oil demand growth
Pemex sues U.S. firms, saying they buy stolen fuel

-- GoM oil gusher --
Team: Much more oil gushing from well than thought; estimate is doubled
Louisiana leaders want Gulf drilling to resume
W.H. summons BP brass to face Obama

-- Food --
Worst Locust Plague in Two Decades Threatens Australian Harvest

India's Industrial Output Surges

Japan: Kan warns of Greece-like debt crisis
Japan PM Naoto Kan warns of 'collapse' under debt pile
Hoof-and-mouth disease spreads to nation's biggest livestock center
Gov't urged to expand consultation services to reduce suicides

UK: House prices 'heading for double dip'

US: Bernanke: 'Things Will Come Apart' If Entitlements Are Not Reformed and Spending Controlled
Dallas police force could shrink under plan to close city's $130 million budget gap
Bing: Layoffs for police, firefighters next for Detroit; Parks, rec centers face closure
Paterson Takes to Airwaves, Warns of 'Chaos'
NY state agencies prepare for possible shutdown
SC governor issues 107 budget vetoes
Louisiana: State budget shortfall up to $700 million
Ethanol Boom Sharply Cuts US Corn Surplus: USDA
U.S. Economy: Retail Sales Unexpectedly Fell in May
10 important real estate charts showing no housing recovery in 2010
Obama Renews Call for $30 Billion Plan to Boost Hiring

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