Saturday, June 19, 2010

 

News Links, June 20, 2010

-- Global economic meltdown --
The euro's inevitable failure will be horrendous for all of us
Analysis: Spain could test the euro to its limit
Spain's Zapatero slams 'unfounded rumours' of financial collapse
Russia's Central Bank Purchases 1.1 Million Ounces of Gold in May
China to allow more exchange rate flexibility
China Forex Move Could Thwart US Hopes: Roubini
The French Say 'Non' To Raising The Retirement Age
Medvedev Shows Off Sample Coin of New 'World Currency' at G-8
Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance

-- Energy, resources --
Zimbabwe, Zambia plunge into darkness
Shops asked to close in evening after riot over football blackout (Bangladesh)
Afghan Minerals -- Cure, Curse, or Hype?
Oil's Irreplaceable Role in the Global Energy economy
Iraq: One killed as police fire on crowd of thousands protesting power shortage in Basra

-- Fault lines --
Karachi faces growing Taliban menace
Police building attacked in Yemen
US Defence Sec. Gates: Europe could face Iranian missile attacks
Maritime watchdog issues S.China Sea piracy warning
Security in Afghanistan has not improved, says UN chief
WikiLeaks Video on Afghan Attack Said to Be Imminent
Daniel Ellsberg fears a US hit on Wikileaks founder Julian Assange
Report: U.S., Israeli warships cross Suez Canal toward Red Sea
U.S. to retake command of S. Korea exercise

-- Oil gusher --
Anadarko Debt Rating to Junk; Firm Lashes Out at BP

Japan Airlines plans to ask for debt waivers, 100 billion yen in additional financial assistance

UK: Firms paid to shut down wind farms when the wind is blowing

US: Utilities Warn of Blackouts in Louisiana
*Watch this carefully. It could considerably aggravate the already fragile situation. Recall this item from almost exactly one year ago: Power providers warn of mandatory blackouts
3,995 homes sweat out all-day power outage (California)
California on 'verge of system failure'
"People think we're becoming a Third World country."
Power Outage at Ozark Wastewater Treatment Facility Results in Overflow Into Local River
*The important lesson here is what happens to waste treatment when there is no electricity.
Louisianans Hurt By Spill Queue For Free Groceries
Peddling Relief, Industry Puts Debtors in a Deeper Hole
Medicare Payment Cuts to be Implemented Despite Senate Action
Social Security: Here's The Problem
More bets against cash-strapped states
Lousy Housing Data Casts a Pall Over Recovery
Lumber Prices off 30% since April
Regulators close Nev. bank for 83rd failure in '10
Detroit's dying malls
Commercial Real Estate Isn't Safe Yet (Daily Reckoning)
"The commercial real estate problem has not gone away…it's just being swept under the rug."

And finally... Financial collapse in cinema




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