Sunday, June 13, 2010


News Links, June 14, 2010

-- Global economic meltdown --
Europe embraces the cult of austerity – but at what cost?
Deutsche Mark Quotations Restored At German Financial Portal
South Korea Announces Currency Control Steps
Israel's Imminent Housing Market Crash
Greece Collapsing Into Recession
China tells local governments to clean up investment agencies amid debt fears
Dubai: More Nakheel job cuts amid restructuring plan
European Banks Loaned $254 Billion to Four Countries, BIS Says
Debt Burden Falls Heavily on Germany and France

-- Energy --
Why Jeff Rubin still sees triple-digit oil prices by 2011
Pakistan says UN curbs won't hit Iran gas pipeline
China natural gas consumption to skyrocket in coming 10 years
Russia says in talks with Iran on more nuclear plants
Kuwait looking to tap Canadian expertise in developing heavy oil resources
*When junk oil makes money, we know we're in trouble.
The True Value of Energy is the Net Energy
*By all means read this if you are not familiar with the concept of net energy.
BP's review: 45 years' of hard-to-access deepwater oil

-- Fault lines --
Rioting escalates in Kyrgyzstan killing 80
Kyrgyzstan gives police shoot-to-kill powers amid ethnic violence
EU ready to intensify pressure on Israel to lift Gaza blockade
Iraqi Central Bank raided by militants disguised in military uniforms
Israel's Barak calls off Paris visit amid threats of arrest
Pakistan's spy agency working with Taliban, study says
Saudi Arabia denies report that it would let Israel use air space for strike on Iran

Australia: Big brother wants all your bits and bytes

Military-Grade Augmented Reality Could Redefine Modern Warfare

-- Food and water --
10 mln fear worst as Sahel faces new food crisis
Iraq's thirst for fresh water grows
Villages in Eastern India Face Severe Water Shortage
Scottish MEP warns on food shortage
"Imagine if the food supply chain broke down – we would have riots in our streets."

UK: Antidepressant use rises as recession feeds wave of worry

US: Utah oil pipeline break fouls geese, ducks
BP Official Admits to Damage beneath the Sea Floor
Obama wants BP to set up escrow account to guarantee funding for claims resulting from BP oil spill
BP May Lose U.S. Oil Leases, Contracts as Obama Considers Spill Punishment
The Crisis In Detroit Is Worse Than A Recession
Obama Pushes for $50 Billion in State Aid
Violence on the rise in U.S. hospitals, clinics
Obama Issues Executive Order Mandating "Lifestyle Behavior Modification"
Author of Arizona law plans to target immigrants' children, working with reps in 18 other states
Republican senator's plan to let guns on Amtrak moves closer to reality
America's Municipal Debt Racket
"State and local borrowing as a percentage of U.S. GDP has risen to an all-time high of 22% in 2010."

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