Saturday, July 31, 2010


News Links, August 1, 2010

-- Global economic meltdown --
Scotland 'needs financial powers' to grow economy
"Cuts in the Scottish public sector could see up to 60,000 job losses."
Further Evidence Of Quote Stuffing Manipulation By HFT (US)

-- Fault lines/flashpoints --
Pakistan security officers cancel UK visit
Arrests follow Moscow 'March of Dissent'
Mexico's Drug War More Sophisticated, Deadlier
Uribe denies war plan on Venezuela
China's Influence Grows With Its Economy
Saakashvili Talks on 'Total Defense' to Army Top Brass
Russian jet confrontation a 'close one,' Defence official says (Canada)
Church plans Quran-burning event (US)

-- Energy/resources --
Two weekly offs, closure of markets to stay till Oct 31 (Pakistan)
Cuba readies to dive into offshore oil exploration
Solar panels: Not so bright an idea

-- Got food? --
Price spike likely for British groceries

-- Intelligence/security --
WikiLeaks founder vows more leaks
"New whistleblowers said to provide 'significant' documents on BP spill, military abuses"
Cybercrime: Are mobsters planting hackers in big companies?
The Web's New Gold Mine: Your Secrets
Report: Web sites crank up tracking tools
Biometric and Other Locks Fail to Foil Hackers at DefCon
Hacker builds $1,500 cell-phone tapping device

-- Japan --
Japan's population falls for 1st time in 3 yrs

-- Oil accidents --
When will oil spill be cleaned up? Maybe never
Oil-soaked waste worries Gulf Coast landfills' neighbors
Debris Sets Back Work On Stopping The Gusher
By Hiring Gulf Scientists, BP May Be Buying Silence
"They wanted the oversight authority to keep us from publishing things if, for whatever reason, they didn't want them to be published. People were muzzled as part of the contract."
Wetlands Front Group Funded by Big Oil Wants Taxpayers to Foot the Bill for BP's Gulf Destruction
BP Puts Vietnam, Pakistan Assets Up for Sale to Raise Cash for Oil Spill
China oil spill could be 'enormous'
Pipeline in Michigan oil spill had been cited for corrosion
Mich. Oil Leak Halted; Cleanup To Take Months

-- US --
States go deeper into debt
Foreclosures Continue To Increase Dramatically In 2010
Schools report surge in homeless students
U.S. regulators take over 5 failed banks; year's total 108
Economy in U.S. Will Probably Keep Cooling as Lack of Jobs Limits Spending
14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired
El Paso's 678-Mile Pipeline Would Create `Path of Destruction,' Suit Says
House approves bill with new safeguards for oil rigs
Obama Seeks Massive Expansion of Arms Exports

And finally... Japanese macaques go bananas at the sight of a flying squirrel

Friday, July 30, 2010


News Links, July 31, 2010

-- Global economic meltdown --
Europe Crisis Is Not Over, May Lead to Fiscal Union, UBS Says
Japan unemployment rises further
U.S. Financial System Still at Risk, Says IMF
IMF Says U.S. Financial System May Need $76 Billion in Capital
Spain Jobless Rate up to 20.09 Percent
Chinese Economy Strong? Depends Who You Ask
China Becomes Second Biggest World Economy
Japan: Land of the Rising Debt

-- Fault lines/flashpoints --
China says it's sovereign in S. China Sea
China says it opposes EU sanctions against Iran
Pakistan likes Al Qaeda more than America
Syrian and Saudi leaders visit Beirut to defuse tension
Bangladesh garment workers riot over new wages
U.S. Closes Consulate In Mexico's Ciudad Juarez
Al-Shabab threatens AU peacekeepers (Somalia)
Kabul rioters burn SUVs, yell 'Death to America'
Obama seeks to expand arms exports by trimming approval process

-- Intelligence --
Pentagon: Leak probe may go beyond military
WikiLeaks Posts Mysterious 'Insurance' File

-- Energy/resources --
Cautioned by BP oil spill, Brazil continues deep-sea drilling
Solar Energy Still Has a Long Way to Go
Why Water Will Soon Become More Valuable Than Oil

-- Environment/health --
Over 300 dead in Pakistan monsoon flooding

-- Oil blowout --
Gulf states now worry about restoring their image
Oil spill waste raises concerns in the gulf
Oil spill legal mess likely one of costliest ever
For 'oiled' marshlands, time may be the only balm
New BP delay a warning: Don't write obituary on Gulf oil spill yet
Dispersants Used in Oil Disaster Creating New Crisis
Scientists: BP dispersants have made spill more toxic (MSNBC)

-- US --
Marc Faber Questions if Dow Could Hit 1,000
Homes keep falling into foreclosure as programs fail to help
Economists Expect Slower Growth in Second Half
Fed policymaker Bullard warns of deflation
Caterers dish up more cases of food poisoning
Trucking Industry Says Economy Is Slowing
Housing: The Liquidation Isn't Over
Regulators close 3 banks in Florida, Georgia; total for year is 106
Feds raid Amish dairy and threaten action over raw milk sales

Thursday, July 29, 2010


News Links, July 30, 2010

-- Global economic meltdown --
Vietnam's Debt Rating Lowered by Fitch on Foreign Borrowing, `Weak' Banks
ICBC Will Seek Up to $6.6 Billion in Rights Offer
AgBank IPO is World's Largest, Raising $22.1 Billion
Fed president: U.S. could face Japan-like crisis
Italy passes austerity measures
Taleb: Government Deficits Could Be the Next 'Black Swan' (Businessweek interview)
"The problem is getting runaway. It's becoming a pure Ponzi scheme. It's very nonlinear: You need more and more debt just to stay where you are."

-- Fault lines/flashpoints --
Greece orders striking lorry drivers back to work
Greek police clash with hauliers amid crippling strike
"Arab unity tour": Assad 'to attend summit' in Lebanon
Australia adopts new sanctions against Iran
Beijing Wary Of Rising Tide Of Veterans' Discontent
House Republicans Giving Green Light for Israeli Strike on Iran (Israel National News)
Google: Search engine blocked in mainland China
Iran ready to stop uranium enrichment

-- Intelligence --
Medvedev gives more power to security services
Report: U.S. Seeks Easing of FBI Internet Access
Russia to introduce 'draconian' Minority Report-style law
"Legislation will give security services powers to arrest people for crimes they have yet to commit"
White House pushes for warrantless access to Internet records
Harder to suppress leaks in Internet age

-- Energy/resources --
Natural-Gas Squeeze Prompts Switch of Fuel in Middle East: Energy Markets
"They are running short of gas, especially in the U.A.E and in Saudi Arabia, where they require gas for power generation as well."
Saudi needs $80bn power spend by 2018 - study
Qatar Hosts Power-Gen Middle East Conference
"Qatar's power generation is expected to increase by a demanding 193.5 per cent before the year 2018."
The Risks Of Deep Water Drilling (a good read)
"As oil executives say, at such depths, the seabed is as remote as the moon."
Improved Gulf power grid reduces blackouts

-- Got food? --
The Mighty Rise of the Food Revolution
Local food trend helps more folks eat fresh fruits, veggies (US)
Arabs Mull $65bn Food Security Plan

-- Environment/health --
NYC looks to stop spreading bedbug infestations

-- Oil blowout --
Gulf Coast Residents File Personal Injury Suit Over Oil Dispersant
BP Gulf Disaster Act Two: The Corexit Calamity
"[Marine toxicologist] Riki Ott says that if her family lived along the Gulf Coast, based on what she has seen these past three months, she would evacuate them immediately."
Oil industry safety record blown open
Gulf beach closings and warnings by the thousands from Louisiana to Florida, due to BP oil spill
BP May Have Broke Law By Signing Scientists To Non-Disclosure Agreements
Scientists Find Evidence That Oil And Dispersant Mix Is Making Its Way Into The Foodchain

-- UK --
Compulsory retirement at 65 to be phased out, people encouraged to work longer

-- US --
The New Normal: Americans Cutting Back — Even If They Don't Have To
Economy at the Edge
Fallen Soldiers' Families Denied Cash as Insurers Profit
House Panel Passes Measure to Legalize Some Internet Gambling
8 More Reasons Why a Double Dip Is Coming
Commercial Real Estate: Armageddon on the Way?
Outlook Dims For Popular Energy-Efficiency Loans
Bunker-busting ATM attacks show security holes
Housing Bubble will Not be Reblown; Foreclosures Increase in 154 of 206 Metro Areas with Population Over 200,000
Budget Crunch Hits Atlantic City Hard
Federal Debt and the Risk of a Fiscal Crisis (Congressional Budget Office)
Jim Rickards Compares The Collapse Of The Roman Empire To The US, Concludes That We Are Far Worse Off
Panel Warns Of DoD 'Train Wreck'

Wednesday, July 28, 2010


News Links, July 29, 2010

-- Global economic meltdown --
All ministries face 10% budget cut (Japan)
Sheriffs Roam Ireland Seizing Cars From Debtors After Collapse
Greek Villas Marked Down 45% as Crisis Hits Island Homes
Average Home Transaction Prices In Shanghai Plunge 48.4%
South Africa strike: Nearly 1 million government workers set to take action
Russia plans $29bn asset sale to prop up budget
Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To Make Stocks Go Higher

-- Intelligence --
Julian Assange: Wikileaks founder fears he could be arrested
WikiLeaks Reportedly Outs 100s of Afghan Informants
Seven People Have Been Entrusted With The Keys To The Internet
Is your smart phone spying on you?

-- Fault lines/flashpoints --
Narco-violence spills into US
Yemen Shiite rebels capture 200 soldiers: military official
French detectives put on leave after receiving mob death threats
France declares war against al-Qaida
Terror group claims it will make Greece 'warzone'
Iran will pay for new babies to boost population
David Cameron: Pakistan is promoting the 'export of terror'
Japanese oil tanker damaged in Persian Gulf in suspected attack
Markets Blind to Rising Tensions on Korean Peninsula, Ian Bremmer Says
Pakistan Pushes Draconian New Terror Bill
US 'Fully Prepared' for New Nuclear Talks With Iran (Voice of America)

-- Military --
Defense draft calls for enhancing SDF's contingency capabilities (Japan)
Army 'was close to seizing up', Iraq inquiry told (UK)
Israel, Germany deny sub talks
Russia exports helicopters to Peru
China's growing military may spur arms race in Asia

-- Oil blowout --
100 days of oil: Gulf life will never be the same
Oil in gulf is degrading, becoming harder to find, NOAA head says
Oil spill's economic damage could take years to identify
Gulf spill raises long-term beach safety questions
More than 40M gallons of oil MIA
"What we're trying to figure out is: Where is all the oil at?" said retired Coast Guard admiral Thad Allen, the oil response's federal overseer. "There's still a lot of oil that's unaccounted for."
BP Spill May Cost Gulf $22.7 Billion in Revenue, Group Says

-- Energy/resources --
Kyrgyzstan's energy crisis worsens
Collecting rainwater now illegal in many US states as Big Government claims ownership over our water
The Truth About Fracking
"The video... [shows] a gas explosion and water so toxic that a lighter can set tap water on fire."
Greece Has Literally Run Out Of Gas
Third Blackout Hits Chile's Capital
President vows end to blackouts (Indonesia)

-- Environment/health --
Plankton decline across oceans as waters warm
Could new diagnostic manual result in almost everyone being diagnosed with mental illness?
Deep Underground, Miles of Hidden Wildfires Rage
Michigan oil leak polluting Kalamazoo River; Governor declares disaster area

-- Got food? --
Food security plan essential for the national interest (Oz)

-- UK --
£100k reward after millions of pounds of metal stolen
Big freeze gives British Gas 98% profits hike
UK electric car grant scheme 'cut by 80%'

-- US --
Our Crumbling Infrastructure — Patch & Pray
Congress approves new funding for Afghan war
Oakland gives final OK to large-scale pot farms
Cities' plea: We need $75 billion or we'll lay off 500,000
Doomsday shelters making a comeback
Second Student Sues School District Over Webcam Spying
Gen Y: No jobs, lots of loans, grim future
Pain, but no gain: local governments face budget doom
California Declares State Of Emergency Over State Finances
Gov orders more state furloughs (California)
Durable Goods Are Latest Economic Disappointment
Durable Goods Orders "Unexpectedly" Sink; How did Economists Blow the Call?
It Looks Like This Recovery Is Already Over
Wealth transfer: Income of very richest shot up by 281% since 1979
Are the American people obsolete?
'Anti-Islamic' bus ads appear in major cities

And finally... Five Ways to Profit BIG from Global Collapse

Tuesday, July 27, 2010


News Links, July 28, 2010

-- Global economic meltdown --
Developers cut property prices to jumpstart sales (China)
U.S. Fiscal Woes Are Worse Than Greece
Russia's Drought Raises Bondholder Risk on Prices
Implosion of the China "Fabric City" Frenzy
More On China's Trillions In Unrepayable Project Loans
Here's More Proof of the Sheer Lunacy of the European Bank Stress Tests: Passed Banks are Already Trying to Collect on Defaulted Claims of European Nations
Kuwait's IIG defaults on $152.5m sukuk, second default this year

-- Energy/resources --
A World Without Petroleum (bears reading)
Businesses face 26% energy bill rise (UK)
US Renewables Financing Set to Collapse Without Grant Extension
Central Chile Power Outage Hits Santiago, Disrupts Some Copper Mines

-- Fault lines/flashpoints --
Iran is joined by Russia in condemning EU sanctions
Iran Air Force to hold major drills
David Cameron accuses France and Germany of double standards over Turkey
Wikileaks reinforces the claim that Pakistan supports the Taliban
WikiLeak: U.S. Battling Militants from Turkey, Its NATO Ally
Japan Must Prepare for 'Contingencies': Panel
Barak: Israel will respond to Hizbullah rockets by attacking Lebanese government institutions
Natural gas could lead to new Lebanon-Israel war

-- Military --
U.S. Army orders more battlefield robots
U.S., Israel go ahead with Arrow-3

-- Intelligence --
Afghanistan war logs: tensions increase after revelation of more leaked files
WikiLeaks Iraq Cache More Than Three Times As Big
Afghanistan war logs could lead to revenge killings, say intelligence

-- Oil blowout --
BP makes record $17.2 billion loss as Tony Hayward quits
BP to set aside $32.2bn to cover oil spill costs
Gulf oil spill: Where has the oil gone?
Growing Health Crisis in the Gulf
Oil Spews From Louisiana Well Struck by Tow Boat

-- Environment/health --
Growing Shortages of Water Threaten China's Development
Pollution makes quarter of China water unusable
Global warming: NASA says it's the hottest year on record
Forest fires in Portugal sparked by heat wave

-- US --
Banks Failing at Fastest Rate Since 1992
Heading for retirement, some N.C. boomers are fat and flat broke
Many fear job loss, but have no savings for it
Verizon, AT&T Power Outages Frazzle the City That Never Sleeps
The Biggest Tax Increase In U.S. History?
Sixteen Years in Prison for Videotaping the Police?
Power grid upgrades could pose security risks
California's state parks are becoming a Wild West
Home shoppers taking fresh look at renting
State budget gaps to total $84 billion for fiscal 2011: study
Local Governments To Cut 500,000 People In 2010 And 2011, As $400 Billion Budget Shortfall Brings State Economies To A Halt
The U.S. Mint's lame excuse for rationing gold and silver coins
Absent Supplemental, DoD Furloughs Begin Next Month
Most Americans Worry About Safety Of Food Supply
H.R. 5741: Universal National Service Act
"To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defense and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes."

Monday, July 26, 2010


News Links, July 27, 2010

-- Global economic meltdown --
The Death of Paper Money (Ambrose Evans-Pritchard)
JPMorgan Shreds The Stress Tests, Says 54 Banks Should Have Failed
Roubini and JPMorgan Agree: Euro Stress Tests Were a Joke
Jim Rogers: Stress Test Is a PR Exercise
Deflation Defies Expectations—and Solutions
Global Economy May Slow to 3.25% From 4.7% Average
"The new normal for the world economy may be arriving as the U.S., Europe and China all decelerate simultaneously."
Four Shocking Bombshells Bernanke Did NOT Tell Congress About Last Week
Marc Faber: Relax, This Will Hurt A Lot
India warned of stagflation risk as price of food soars
Aussie Housing Bubble Gets Popped With Chinese Credit Crash
U.S. Rescue May Reach $23.7 Trillion, Barofsky Says
Nakheel proposes 7yrs to repay Islamic loan (UAE)
Retailers Pay More to Get Cargo, or Not Get It (the slow-motion collapse of shipping)

-- Fault lines/flashpoints --
Cuban President Raul Castro set for 26 July speech
EU to tighten sanctions over Iran nuclear programme
China Rejects U.S. Efforts in Maritime Spat
Iran ready to resume nuclear fuel swap talks
Prison chief allegedly sent inmates to conduct Mexico birthday party massacre
Study: 10 pct. of Mexicans may emigrate to US due to climate change, decreased crop yields
Economic Conflict Between China and the US May Reappear at Any Time
Rebels capture north Yemen base
Deadly Suicide Attack Targets Official In Pakistan
US rules out military action against Venezuela

-- Intelligence/security --
Afghanistan war logs: live blog
Wikileaks Releases Stunning Afghan War Logs — Is Iraq Next?
Wikileaks files 'may reveal thousands of war crimes'
WikiLeaks report fictitious, says Pakistan's ex-spy chief Hamid Gul
Afghans welcome release of secret war files by the WikiLeaks website
Are the WikiLeaks War Docs Overhyped Old News?
Pentagon Review of WikiLeaks docs sees no smoking gun
" An ongoing Pentagon review of the massive flood of secret documents made public by the WikiLeaks website has so far found no evidence that the disclosure harmed U.S. national security or endangered American troops in the field, a Pentagon official told NBC News on Monday."
*Which is the opposite of what the White House says.
Wikileaks Afghanistan log: Wikileaks' 10 greatest scoops
BlackBerrys are 'threat to national security' claims UAE
New Wave of Whistleblowers Could Become Millionaires (US)
Almost 700 forged passports discovered at Dubai International Airport Jan-Jun

-- Energy/resources --
China to limit nonferrous metals production by '15
BP's Hayward to leave as CEO; Russia job in works
China's LNG Demand Forecast for 2020 Raised by 48%, Wood Mackenzie Says
Iran To Inaugurate First Phase Of Proposed Gas "Peace Pipeline"
UAE: Generator sales 
and renting soar
A Power Shortage in The Midst of Plenty (Indonesia)

-- Oil blowout --
Bob 'Dish Soap' Dudley To Replace 'Fantastic' Tony Hayward At BP Helm
*Says Corexit is "like dish soap."

-- Military/space --
China considers big rocket power
US missile defense satellites pass big test
Europeans call for defense contract probe
Indian Trade Body Seeks Access To Defense Tech
NORAD plans Washington exercise
Wikileaks documents suggest Taliban has capacity to fire on aircraft

-- Environment/health --
Dengue fever cases on rise in Philippines

-- Spain --
Infrastructure spending cut by one-fifth in austerity move

-- Mexico --
Mexico prisoners 'freed for killings' in Durango state

-- Japan --
Gov't team OKs plan to get ISPs to block access to child porn images
Japan Seeks Consumer Burden To Push Renewable Energy
Some stock short selling activities banned until end of October

-- UK --
Connaught shares plunge on funding woes
"Shares in Exeter-based social housing firm Connaught have slumped 76% after it said it had identified an "urgent" need for extra funds."
UK seeks next generation of cyber security specialists
Britons to be spied on by foreign police

-- US --
Malaria-like disease appearing in New York
A real nightmare: Bed bugs biting all over U.S.
California whooping cough outbreak largest in decades
Outlook Dims For Popular Energy-Efficiency Loans
Floodwaters ravage eastern Iowa
Thoughts on the Secular Decline in Total Capacity Utilization
*A thoughtful essay with major implications for long-term economic decline.
Many fear job loss, but have no savings for it
Deficit-cutting ax may fall on Social Security
Economists warn of deflation possibility
U.S. Small-Business Aid May Create $300 Billion of `Junk' Loans
Credit Card Fees Transfer Wealth to Rich: Fed Bank Study
Armed police raid organic food store in search of raw food

And finally... Man robs bank in clown pants, fake breasts

Sunday, July 25, 2010


News Links, July 26, 2010

-- Global economic meltdown --
Interest rates will stay low until 2014, predicts E&Y
Outstanding loans to property market up 40% by end of June (China)
LBMA Closes Off Public Access To Key Bullion Bank Trading Data
German Banks Hiding Stress Test Data Further Undemine Geithner's European Scammery Tour
Chinese Banks See Risks in 23% of $1.1 Trillion Loans
Bullion buyers bank on gold coins
"Every day, people find their way to the Manhattan store with one thing in mind: getting their hands on gold bullion coins, as soon as possible and as much as possible, before the financial Armageddon they fear renders the dollars in their pockets worthless."

-- Military --
Afghanistan war logs: Massive leak of secret files exposes truth of occupation
Leaked documents claim Pakistan's ISI directing Afghan insurgency
Israeli Army to simulate invasion of south Lebanon

-- Fault lines/flashpoints --
The 'unravelling relationship' between Russia and Iran
Bush-era CIA director: Attack on Iran 'seems inexorable'
Iran ready for nuke swap deal talks -Mottaki
Venezuela head threatens US oil cut over Colombia row
U.S. Holds Drills Off Korea As Pyongyang Talks War
Possible Reaction Scenarios To A Preemptive Israeli Strike On Iran
Mexican prison guards let killers out, provided weapons

-- Energy/resources --
BP set to begin drilling off Libya
It's A Race To Failure Between Rogue States And Global Oil Output
Worsening electricity shortages fuel growing crisis
Recovery strains electricity grid
Aggreko boss talks business and blackouts
*Paints a grim picture of electric power availability around the world.
U.K. Offshore Wind Power Developers Need $46 Billion Financing, PWC Says
Saudi Kayan seeks $2.4 bln for rising costs
One day after Sewa apology, power cuts in Sharjah again (UAE)
Modern cargo ships slow to the speed of the sailing clippers

-- Intelligence/spying --
Tokyo trials digital billboards that scan passers-by

-- Food --
Farmers report rise in 'pick-your-own' thefts (UK)

-- Japan --
Heat Wave Eases After 15 Deaths Nationwide, Peak in Tokyo's Power Demand
An Unmanned aircraft carrying radioactive material crashes in Japan: media

-- Oil blowout --
Allen: BP will begin plugging well next week
Geochemist in Gulf says "When it rains, a lot of junk comes down from the particulate"

-- Environment/health --
U.S. farmers may face crackdown on pesticide use

-- UK --
'Minority Report' technology used by police to predict crimes

-- US --
Baltimore police face officer shortage
Say Goodbye To The American Dream
Police to experiment with blinding 'Dazer Laser'?
Shadow Office Space "Leased but Empty" Haunts Commercial Real Estate
Babysitters for backyard chickens
Virtual War Room Needed for Federal Crisis Response, Says Rep. Randy Forbes

Saturday, July 24, 2010


News Links, July 25, 2010

-- Global economic meltdown --
Brown says global economy reliant upon growth in Africa
US deficit heads toward record $1.47 trillion
U.S. bank failures top 100
China may switch to currency basket for forex rate
Vast majority of EU banks pass "stress tests" (AP)
Very Little Reality In European Bank Tests (Forbes)

-- Intelligence/spying --
Stuxnet spyware targets industrial facilities, via USB memory stick

-- Military --
France To Build Russia 2 Ships: Sarkozy
Saudi in talks for project liberty-type spy planes

-- Energy/resources --
Power grid failure causes intermittent blackouts on Bulgaria's Black Sea coast
Iran launches nuclear fusion bid
China, Iran in Talks to Use Yuan for Oil Contract Settlement, Reuters Says
Angola becomes China's largest crude oil source
India Faces Coal Deficit of 50% of Expected Power Plant Demand, KPMG Says

-- Food --
U.S. wheat surges on Russian drought

-- Fault lines/flashpoints --
North Korea Warns of Nuclear Response to Naval Exercises
51 bodies found at northern Mexico dumping ground
Iran to shun euro, dollar in oil deals
House OK's possible Israeli raid on Iran
Tehran, Ankara sign €1b gas pipeline deal

-- Oil blowout --
Researchers confirm subsea Gulf oil plumes are from BP well
Work resumes on capping runaway Gulf of Mexico oil well
BP Hires Prison Labor to Clean Up Spill While Coastal Residents Struggle

-- Environment/health --
Mangroves disappearing faster than land-based forests
Peru declares emergency over cold weather
Temperatures hit record highs globally. El Nino or global warming?

-- UK --
Is the British middle class an endangered species?
Royal Navy and RAF will bear brunt of multi-billion pound defence cuts

-- US --
Most U.S. States Cut Jobs as Tax Collections Erode, Study Says
Wal-Mart Radio Tags to Track Clothing
Senate Democrats forced to accept much slimmer energy bill
Jindal declares emergency preparing for storm
CNN anchors call for crackdown on anonymous bloggers
Iowa Dam Fails Causing 'Catastrophic' Release of Water
Shadow Elite: Selling Out Uncle Sam & Outsourcing American Power

And finally... The Dark Side prevails? Darth Vader holds up Long Island bank

Friday, July 23, 2010


News Links, July 24, 2010

-- Global economic meltdown --
Morgan Stanley: European Stress Tests Will Sorely Disappoint The Euro
Will Your Children Grow Up To Be Servants And Nannies?
EU Stress Tests Only Consider Bank Trading Book Bond Losses
Here Comes The Real Stress: Only 27% Of China Project Loans To Be Repaid In Full
Public Debt Replaces Private Debt in the Name of Progress

-- Energy --
Japan and China aim for gas field treaty

-- Fault lines/flashpoints --
U.S. Strengthens Asia Military Links Amid Concerns Over China
Taliban says US drone attacks 'temporarily' hindering insurgency
N. Korea threatens 'physical response' to U.S. military drills
Experts discuss Iran-Taliban relationship
Ahmadinejad warns Medvedev of joining 'U.S. plot' against Iran
China's Summer Of Labor Unrest
CIA: Mubarak has one year to live

-- Environment/health --
South America Cold Wave Brings Rare Snow, Freezing Deaths
Southern Cone frozen: 100 dead and thousands of cattle lost

-- Military --
USS George Washington Arrives in Busan
US Restores Ties With Indonesia's Brutal Special Forces
"Secretary of Defense Robert Gates insists that the Kopassus are 'sufficiently committed to human rights' to allow the US military to restore direct ties with the group."
Japan to send SDF observers to U.S.-S Korea joint drill: report

-- Oil blowout --
Tropical Storm Bonnie could hit oil spill site over weekend
BP accused of 'buying academic silence'
Deepwater Horizon safety alarm 'shut off' before fire

-- UK --
Nanotech centres may be axed, says science minister

-- US --
Fleeing Phoenix out of fear of immigration law
Architects imagine Los Angeles in 2030 (I guarantee you, it won't look like that photo)
US Faces Water Supply Crisis: Study
Chicago neighborhoods foundering in wave of foreclosures

Thursday, July 22, 2010


News Links, July 23, 2010

-- Global economic meltdown --
China Has a Painful Surprise for the Global Economy
Concerns Grow over Rigorousness of EU Stress Tests
Unfunded Entitlements 'r' Us
*Anyone who still needs proof that "retirement" is going the way of the dinosaurs is brain dead.
Is 'Sudden' Collapse Possible?
Buy Gold, Peter Schiff Says: U.S. Dollar a "Bottomless Pit", Treasuries a "Sucker's Bet"
Dubai World document reveals price of failure
Dubai World expects debt restructuring in months

-- Fault lines/flashpoints --
NATO fears Somali pirates moving to south Red Sea
Colombia recalls envoy from Venezuela amid rebel row
Hugo Chavez says Venezuela to sever ties with Colombia
Mexican cartels rely more on explosives in drug war
Rehab clinics turn into killing zones in Mexico's drug war
Why Hasn't Israel Bombed Iran (Yet)?
Hillary Clinton ADMITS that the US and Pakistan created the Mujahaddin

-- Military --
U.S. anti-drone weapon unveiled

-- Spying/intelligence --
Iran says scientist provided information on CIA
Joint Special Operations University: Blogs and Military Information Strategy

-- Energy/resources --
Judge halts oil, gas development on Chukchi Sea (US)
Offshore drilling: industry rates its own equipment substandard
"Both industry experts and managerial personnel acknowledge that the technology used to remove offshore oil from its reservoirs – particularly in deep water – has been outstripped by engineers' ability to find and drill for that oil."
China Surpassing U.S. as Largest Energy Consumer Is the Story of the Past Decade
"China's coal consumption is merely our own power consumption, offshored."
Twitter, beset by outages, will open new data center in Salt Lake City
Billions needed to rebuild Iraqi industry
Power restored in Sharjah after four days (UAE)
Heat exhaustion cases rocket amid power cuts (UAE)
Northern Iraqi gas for Nabucco?

-- Environment/health --
Mexico worried by rise in hemorrhagic dengue
Senate Shelves Efforts to Cap Carbon Emissions (US)

-- Food --
India Food Prices on Boil Again, Rate Hike Looms
Rising unemployment in Bangladesh Greater food shortage ahead

-- Oil blowout --
BP Photoshopped pictures revealed
Tropical storm could hit BP well area

-- UK --
Britain no longer has the cash to defend itself from every threat, says Liam Fox
Four in five universities in budget squeeze
Speed cameras fall victim to spending cuts

-- US --
U.S. financial bailout figure hits $3.7 trillion
Retirement: Gen Y's Empty Piggy Bank
Some employers steal from 401(k) plans
Could shale deposits bring mid-Atlantic states $2 trillion?
Police shortage threatens crime fighting
Airlines Return To Profitability
Recession breeds wave of supercommuters
Oil spill could cost tourism $22.7B
Fixed-rate mortgages break record lows
FHA – "We are Officially Broke"
Will The Government's Entry Into Small Dollar Lending Mean Bernanke Is About To Start Handing Out Cash To Everyone?

Wednesday, July 21, 2010


News Links, July 22, 2010

-- Global economic meltdown --
Could Japan Collapse?
Scotland's economy stands still
BHP cautious on global growth
Ponzi "Shark Loans" Fuel China's Housing Bubble; Home Sales Plunge 44% in Xiamen; Bubble Busts in Tianjin
Poor Chinese Are Throwing Money Into An Unescapable Capital Trap

-- Military --
HULC exoskeleton system ready for soldier tests
MoD 'considers cutting 30,000 troops' (UK)
Farnborough Airshow 2010: 'Watchkeeper' drone can detect footprints from above clouds
Japan considers new law to allow refueling of foreign antipiracy ships

-- Fault lines/flashpoints --
State Dept. planning to field a small army in Iraq
Two killed in Russian power station attack
U.S. Special Ops Forces Step Up Pakistan Presence
Corruption in Afghanistan Expanding at an Alarming Rate
U.S.-backed War in Somalia Comes to Uganda, Threatens to Set Whole Region Aflame
India state-run banks 'turn away Muslims'
UN 'falling apart' under Ban
Iran's Khamenei calls on Muslims to fight 'terrorism' fuelled by US and UK
Falklanders feel Argentina 'sea blockade'
Ward: African Skepticism of U.S. Command is Fading

-- Energy/resources --
China accelerates filling strategic oil reserves
Oil Drillers, Users Say World Needs Deepwater Wells
Jevons paradox: The Dark Side Of Electronic Efficiency
EPA takes new look at gas drilling, water issues
With Sale of Assets, BP Bets on More Deep Wells
UAE dismisses Iran idea of dirham oil trade
Tehran, Beijing commence new round of oil talks
Saudi has 'every intention' of meeting oil demand: prince
India May Bid for BP Stake in Vietnam to Secure Gas Supplies
Japan Power Prices Rise to 2-Year High as Tokyo Swelters in 35-Degree Heat

-- Food --
You, Too, Can Keep Chickens in Your Backyard
UN plea for Sahel food crisis

-- Oil disaster --
Matt Simmons Says Gulf Clean Up Will Cost Over $1 Trillion, Sees BP At $1, Says "We Have Now Killed The GoM"
'Static kill' growing as option to end Gulf oil spill drama
Gulf Cattle Ranchers Fear Toxins After Oil Spill
China rushes to keep oil from international waters
Scientists call on Obama to stop chem-spray
Storms threaten to shut down BP's Gulf well work
Relief Tunnel Should Reach BP Gulf Well By Weekend

-- US --
Double dip looks doubly certain: The economic recovery is just an illusion
Many Small Golf Courses Can No Longer Swing It
"Nationally, 600 golf courses have closed in the past five years."
Most Young Americans Expect Social Security To Collapse
America's new debtor prison: Jail time being given to those who owe
Despite billions to banks, small businesses struggle for loans
Home construction down; potential new foreclosures could hurt housing industry further
Airline faces familiar nemeses: Fuel costs
Bernanke says economic outlook remains "unusually uncertain"
Many Teen Workers Are Going Jobless This Summer
Report: Tab for 'War on terrorism' tops $1 trillion
Blackout in Harlem

Tuesday, July 20, 2010


News Links, July 21, 2010

-- Global economic meltdown --
That bloated feeling: Japan's banks may soon chafe at their mission to support the bond market
Global Shipping: Heading for Choppy Seas?
The US Will Collapse Before Moody's Gets Around To Downgrading Its Debt
Northern Cyprus plans to become Mediterranean 'Las Vegas'
Niall Ferguson: Ignore Low Bond Yields, The US Debt Crisis Will Come Suddenly
Can We Get China To Bankroll The Next World War? (Peter Schiff)
China Says Exports Outlook 'Grim' on Europe Demand
7 Steps To Survive the Coming Economic Collapse – From Water Shortage to Cannibalism
On debt, Greece is being railroaded
"The railway 'was an accounting trick, another good way for the government to hide its debt.'"
Abu Dhabi forecasts $23bn budget deficit in 2010
Lack of Sales Leaves Dubai Property Buyers Guessing on Prices

-- Fault lines/flashpoints --
US official: Mexican car bomb likely used Tovex
AFRICOM Academic Symposium Begins in Senegal
Greek journalist investigating corruption shot dead at his home
The next revolution is coming to Africa. Cellphones are bringing it.
Kyrgyz deal a Silk Road turning point
'Yemen will be Obama's Afghanistan' warns Al Qaeda cleric
US carrier deployed to South Korea
US-S.Korea war games to send 'message' to N.Korea
US Won't Bow to Chinese Concerns on Yellow Sea Exercises (Voice of America)
China shows military strength ahead of US drill
Taiwan eyeing U.S. tanks, torpedoes
'China on track to aim 2,000 missiles at Taiwan'
EU to approve tighter sanctions on Iran
Defense minister positive on plan to deploy troops to southern Japan islands (Japan)
Russia Announces Military Aircraft Sale To Vietnam, Algeria

-- Energy/resources --
Buy What China Needs: Coal
Defining 'Criticality': Mostly Metals
China Denies IEA Label as World's Top Energy User
India Sees Hurdle In U.S. Sanctions
In the dark – South Africa's haphazard electricity supply
Over A Barrel: Peak Oil per Capita
Russia to kick off construction of a new spaceport
The Alarming Growth In Oil Demand That China Doesn't Want You To See
China's Oil Grab
India set to displace Europe as largest coal buyer from S. Africa
Iran, Japan to construct quake-resistant nuclear power plant

-- Food --
To consumers, price matters more than sustainability
Eating Nutritiously A Struggle When Money Is Scarce (US)
In support of crop speculation
"Prices of basic crops and food processing have indeed increased over the passed decade. The culprits however, are not speculators."

-- Environment/health --
Three Gorges Dam flooding turns deadly; dozens missing in China
Bed bugs: Victoria's Secret closure points to a bed bug comeback
Bed bugs on the increase in Illinois but lack of DDT makes it hard to control
Kansas Heat Wave Has Killed 2,000 Cattle: State
Arctic Ice `Melting Fast,' May Reach All-Time Low This Year, Russia Says

-- Oil gusher --
BP Well Stays Shut as Seeps, Leaks 'Inconsequential'
Shrinking Coast, Expanding Oil: Shrimpers Clean Spill
BP Begins Fire Sale With $7 Billion In North American And Egyptian Assets Going To Apache
BP trying to legally 'contaminate' Gulf scientists: report

-- UK --
Double dip fears as bank loans dry up
Culture department braces itself for redundancies of up to 50%
Assembly government's economy office 'to shed 250 jobs'
Wholesale cocaine prices hit record levels
Iraq invasion 'increased terror activity against UK'
Taxman still has £3billion of your money

-- US --
NYC Heads to Hottest July Ever, Taxing Power Grid
Denver: 25,000 left without power; residents urged to conserve
Gun permit allows quick access to Texas Capitol
Is it time for Congress to raise the retirement age?
The role of consumer spending in phony economic growth
Big Is Back For American Auto Buyers
U.S. Housing Starts Drop to Lowest Level Since October
Six million to lose homes in next two years
Smallpox vaccine delivered to Strategic National Stockpile
73,000 blogs shut down as FBI probes Qaeda posts
Median duration of unemployment higher today than any time in the last 50 years
Report: Warmer climate puts water supplies at risk
"A new report says more than 1,000 counties across the United States are at risk for potential water shortages by midcentury."

And finally... Robber holds up bank with bunch of flowers

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