Saturday, June 26, 2010


News Links, June 27, 2010

The truth shall be known by the vehemence of the denials!

-- Global economic meltdown --
Spain's Debt Maturity Wave Hits Next Month And It's Already Obvious They Don't Have Enough Cash
'UAE economy fine, worst is over'
Dubai will go ahead with all projects -ruler
Nakheel makes more job cuts
"Nakheel is restructuring about $10.5bn in debt and has offered a deal to trade creditors that could mean a five-year wait for payment."
Ben Bernanke needs fresh monetary blitz as US recovery falters
"Key members of the five-man Board are quietly mulling a fresh burst of asset purchases, if necessary by pushing the Fed's balance sheet from $2.4 trillion to uncharted levels of $5 trillion."
Vancouver's Real Estate Bubble Trouble
Austerity Day
"Britain has joined the austerity club. It already has many members across Europe and more are joining by the day."
China: The next superconsumer?
Presenting The Key H2 Milestones To Observe As The Economy Begins Its Next Pre-Stimulus Contraction Cycle
A Pendulum Swing Toward Austerity

-- Energy/resources --
AREVA covers up extent of massive nuclear reactor cost overrun
BP spill an argument against nuclear power
Gulf power grid to meet demand for extra 55,000MW
Japan: 40-year-old reactor to operate for 10 more years
China May Have Ethylene Shortfall as Demand Outpaces Supply, Sinopec Says

-- Solutions --
Creating a Post-Peak Future You will Want to Live Into
Baltimore Zoning Promotes Urban Farming
Urban livestock

-- Fault lines --
Toronto Summit Meeting Brings Curbs on Canadian Rights
Expat growth to outpace Saudis in 5 years: Survey
G8 condemns North Korea over Cheonan sinking at summit
No talks on Falklands, David Cameron tells Argentina

Iraq war superbug in Abu Dhabi hospitals

-- Oil gusher --
BP must not be destroyed, says Cameron as shares hit 14-year low
Gulf tar balls, dispersants a worry
As Drilling Increases, Cleanup Technology Lags

China: Fewer children to care for the aged
China bans 2.3m PLA soldiers from blogging

UK: Racial violence moves to towns and villages
Farmer kills self with pesticide fumes after going bankrupt
Britain To Introduce First-Ever Immigration Cap

US: Big Banks May Have to Pay if Fannie and Freddie Go Bust
The Scariest U.S. Financial Chart (real estate)
Three U.S. Banks Collapse as Bond Street Holdings Acquires Another Lender
U.S. government panel now pushing "vaccinations for all!" No exceptions…
Is the U.S. a Fascist Police-State?

And finally... Austerity chic: Dior's men dazzle with elegant austerity

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