Saturday, June 05, 2010


News Links, June 6, 2010

CollapseNet to launch on Tuesday, June 8

-- Global economic meltdown --
Week Ahead: All Eyes on Europe's Sovereign Debt Crisis
Geithner Urges G-20 to Step Up Consumption
G20: The Time For Stimulus Is Over, Long Live Fiscal Austerity
Russia says euro must be stabilized
Hungary Tries To Calm Talk Over Default
Euro zone faces zero growth, US headed for financial trouble: Roubini

Pakistan to increase defence spending 17%
Bomb at Afghan governor office kills 1, wounds 14
Israeli forces board Gaza aid ship the Rachel Corrie
Leftist and rightist Israelis clash at Gaza flotilla protest in Tel Aviv
Egyptians married to Israelis to lose citizenship
Gates prods China on NKorea, military ties to US

The Bursting of the Green Energy Bubble?
"As governments across Europe curb spending and cut subsidies in response to the Greek crisis, the props to green energy are being cut back."
BP's Natural Gas Joint Venture in Russia Is in Bankruptcy

Canada: Shell Will Close Montreal Refinery

US: BP oil spill poses growing worry for US seafood restaurants
Florida Hotel Reservation Lines Go Silent as BP Spill Arrives
Boone Pickens: Get Ready for $400 Oil?
US is falling Into a double-dip recession
"The private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth."
15 States Where Foreclosures Are Still Surging
Three more U.S. banks fail, total for year is 81
FDIC massive problems ahead with smaller bank failures. 105 banks hold 77 percent of all banking assets.
Buffett Warns of Possible Call for Muni Bailouts

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