Friday, June 18, 2010


News Links, June 19, 2010

-- Global economic meltdown --
Medvedev Says He 'Cannot Rule Out' Collapse of Euro
Slide in shipping shows global recovery running out of steam
Toyota China Supplier Hit by Strike as Unrest Spreads
Greenspan Says U.S. May Soon Reach Borrowing Limit
European Stress Tests Confimed To Be A Farce: Will Not Include Discussion Of Sovereign Risks
Derivatives Could Grow Under New Rules: Citi CEO
IMF Sells 38.5 Tonnes Of Gold In Q2, As Saudi Holdings Higher By 180 Tonnes

-- Fault lines --
Iran Revolutionary Guard elusive sanctions target
Turkey 'freezes arms deals with Israel'
World's biggest drugs 'super cartel' smashed by US authorities in Colombia
Violence Reaches New Peak In Mexican Drug War
The Growing Nuclear Rivalry in Asia
UN Official: US Goals in Afghanistan 'Incredibly Hard' To Achieve
Experts to NATO Nations: Prepare Now For Cyberwar
In desperate search for recruits, Israeli army targets foreigners
Global military spending to outpace GDP growth in 2010

-- Food --
Bangladesh: Muggers kill driver, hijack wheat truck
Venezuela: Hugo Chavez Spearheads Raids as Food Prices Skyrocket

-- Energy/resources --
Gazprom may cut 85 percent gas supply to Belarus for huge debt: CEO
Why can't Beirut keep the lights on?
"Many of Lebanon's residents are looking square in the face of another summer where the government warns of daily power cuts totaling as much as 12-16 hours."
Power cuts hit Saudis amid rising temperatures
The Folly of BioFuels
Mongolia Seeks Investors in $10 Billion Mine Building
Sweden to replace existing nuclear plants with new ones
Lights at World Cup venues on 24/7 despite power outages
Europe: Grid Issues to Impinge on Renewables Growth
Iran oil exports top 844 million barrels

-- Oil gusher --
BP oil spill could cost $100bn
BP $5 Billion Debt Offering May Yield Up to 10%
"It's likely the offering will consist of unsecured bonds with a combination of 5- and 10-year maturities that will yield 8 to 10 percent. That's significantly more than the current yield on 10-year US Treasury bonds."
Video: Mike Ruppert Confronts President Obama on Gulf Oil Disaster
Medvedev says Gulf of Mexico oil spill could threaten the survival of BP
Moody's downgrades BP ... again
Gulf oil full of methane, adding new concerns
BP's Gulf well holds enough oil to spew out for two years, claim experts
Obama administration still approving flawed Gulf drilling plans
Brazil presses on with offshore fields

Pandemic Virus Enters Pigs In HK, Swaps Genes: Study

Iceland parliament votes for strong media laws
"Iceland's parliament has approved proposals to create some of the world's strongest protections for free speech and investigative journalism."

US: Fannie, Freddie bailout could cost taxpayers $1 trillion
Data center outage interrupts credit card and payroll processing
Roads buckle from heat in Minnesota and in Mississippi
Faced with bailout or collapse, should US choose collapse?
Wal-Mart Helps Small Farms Supply 'Local' Foods
"A surprising percentage, on many crops, of the cost of the goods is the freight."
When It Comes To Retirement, 67 Is The New 55
Further Evidence That Commercial Real Estate Is a 'Tsunami Unfolding'
Mass. town will charge to keep street lights on
California's crushing debt
Is the U.S. prepared for cyber war or are we sitting ducks?
Border Drone Flights Suspended After Comms Breakdown
Deflation—Not Inflation—May Be Bigger Threat to Economy
Michigan's Jobless Rate No Longer Worst In The Country
Trade war? Bill would ban government from buying Chinese

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