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

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