Sunday, July 04, 2010


News Links, July 5, 2010

-- Global economic meltdown --
In world's debt storm, who gets hit?
Roubini sees eurozone 2010 growth "closer to zero"
What happens if the G20 nations really slash debt?
A Market Forecast That Says 'Take Cover'
France trims budget piecemeal to ward off protest
France to Slash Defense Spending
Trichet Reiterates Austerity Message; Germany Plans More Borrowing Cuts; Will the Treasury Rally Last?

-- Fault lines --
'Israel trying to block U.S.-Saudi Arabia defense contract'
China's population to near 1.4 billion by 2015
China's urban dwellers to exceed rural population
Workers in China grasp the power of the strike
China's new Silk Road into Europe
Ecuadoreans, DEA seize drug-smuggling submarine
Pirates kidnap 12 sailors off Nigeria's coast
Industrial spying rises in S. Korea
Russian fighters fly non-stop to Far East during Vostok-2010 exercises
U.S. seeks additional cost burden for Marines relocation from Japan to Guam
Explosion hits Turkish-Iraqi pipeline
As US fights, China spends to gain Afghan foothold

-- Energy/resources --
The Peak Oil Crisis: The Real Gulf Crisis
"Independent observers say it is looking like our new deepwater oil wells are only going to be producing some 10 or 20 percent of initial estimates."
Economists Ring Hollow on Energy
IEA says world needs to build 30 nuclear power stations each year until 2050

-- Oil gusher --
BP rescue could be launched in Middle East
BP plc And The Administration Replace First Amendment With $40,000 Fine And Class D Felony

UK: Metal theft on rise
"The rising number of metal theft claims has put 2010 on course to be the second worst year for metal theft on record."
Primary school forced to turn off wind turbine after bird deaths
Fears benefit cut will increase homelessness
Falling pensions, cuts and the banking crisis will impoverish many families
More Gloucestershire parishes could face lights out

US: Chief: 2 arrests linked to Calif. police attacks
Illinois Stops Paying Its Bills, but Can't Stop Digging Hole
Bedbugs, on the rise, close pair of New York clothing stores
"The incidence of infestation in the United States has tripled since 2005."
Ann Arbor residents feel pinch of budget cuts as city shuts off street lights, cancels fall leaf pickup
Colorado Springs experimenting with loss of local services
"The buses stop running at 6:15 p.m. now, and most streetlights stay dark throughout the night. Three city pools have shut down, and turf is withering in more than 100 parks."
Wells Fargo, Wachovia Involved in Numerous Mexican Drug Laundering Schemes

And finally: Abu Dhabi's answer to the pyramids -- monument to petroleum civilization built of oil drums

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