Tuesday, June 22, 2010


News Links, June 23, 2010

-- Global economic meltdown --
World stocks down as Europe debt fears creep back
Niall Ferguson: US Fiscal Crisis Will Likely Occur Within 2 Years
UK to Cut Spending, Raise Tax in Austerity Budget
Debt-laden U.K. to cut budget drastically, even the Queen is not spared
Budget 2010: Britain will not join the Eurozone for at least five years
Britain announces asset fire sale
World's rich got richer in 2009
A Bankrupt BP - Worse For The Financial World Than Lehman Brothers?
"People are seriously underestimating how much liquidity in the global financial world is dependent on a solvent BP."
Kuwait's City of Silk 1km tower still on - architect

-- War drums --
There Will Be War (Forbes)
Report: Hamas, Hezbollah and Iran to discuss 'possible Israeli attack'
NYC car bomb suspect pleads guilty, calls it 'war'

-- Fault lines --
US Unveils Yet More Iran Sanctions
US wants Pakistan to forgo pipeline deal
Pakistani PM ignores US warning on Iran gas deal
U.S. Said to Fund Afghan Warlords to Protect Convoys
Kurdish rebels suspected of Istanbul bus bombing
Kyrgyzstan to supply fuel to US base directly
Russia pushing for control of fuel supplies to crucial US airbase
Gazprom: Belarus threatens to siphon gas as Russia cuts supply
Belarus turns off flow of Russian gas to Europe
Norway FM says G-20 is "one of the greatest setbacks since World War II"
Netherlands submarine to join Somalia anti-pirate force
Mexican cartel deals drugs, violence with religious fervor
Protests Shutter Bangladesh Garment Factories
WikiLeaks founder drops 'mass spying' hint

-- Food --
Oz: Foreign rush for farms

-- Energy/resources --
Record high temperature cause Saudi power outages
Booz and Company report shows increasing gas shortage in GCC
Kuwait cuts working hours to save power
As Tiny UAE's Water Tab Grows, Resources Run Dry
Could water undermine the American game plan for Iraq?
Iraq faces 'more power shortages'
Increase in Water Theft in Jordan Has Broad Implications for Middle East
*Water and energy shortages are going to cripple the Middle East.
Nepal: Load shedding reduced to 35 hours a week
India: Punjab steel industry to face 1-day power cut every week
UP faces worst ever power crisis; peak time shortage rising
Citi Takes Chainsaw To Oil Services And Equipment Sector
Natural Gas Indigestion

-- Oil gusher --
Deepwater Horizon: The Worst-Case Scenario
BP's photo blackout
An Oilicane?
"If a hurricane's violent winds track over the spill, we could witness a natural and economic calamity that history has never recorded anywhere or anytime."

China: Toyota Idles Another Plant As Strike Hits Guangzhou
Strike shuts down production at Denso plant in s. China

Japan: Fired Mazda worker kills with car
Japan sets targets to rein in national debt
JAL to encourage early retirement of 3,300 more employees
Top department store group to start trading in secondhand brand goods

Bee decline could be down to chemical cocktail interfering with brains
40,000 deaths a year due to junk food, says health watchdog Nice

US: Gulf Paymaster: People Are in 'Desperate' Shape
Nebraska Town Votes to Banish Illegal Immigrants
Sexual predator treatment squeezes state budgets
Meredith Whitney: Housing Double Dip Is Certain
Obama Seeks More Than $100 Million for Laid-Off Oil Rig Workers
BP Oil Disaster Costs U.S. State Pensions $1.4 Billion in Value
A "Rational Decision": Judge Blocks Obama's Ban on Offshore Drilling
California Isn't The State Most Likely To Default Anymore
Las Vegas: Fate of Fountainbleau unclear
States face fiscal peril
Pressure rising on healthcare long before overhaul takes effect

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