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."

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