Tuesday, July 06, 2010


News Links, July 7, 2010

-- Global economic meltdown --
Banks Too Big to Fail, Too Big to Bail Out: Roubini
Euro's Worst to Come, Top Analysts Say
Niall Ferguson: The US Has 6 Years Before Debt Payments Surpass Defense Spending
"He also warned that the US economy could unravel very quickly, a la the Soviet Union, and that there was no reason to presume it would sink slowly into the mire."
AgBank A-Shares 20 Times Oversubscribed by Institutions
Italy Is the Ticking Time Bomb: Economist
China's Property 'Collapse' Will Hit Banks: Rogoff
China Boosts Purchases of Japan Assets
Investors Fear Rising Risk of US Regional Defaults
Excessive Debt May Push Stocks Down 34% to Crisis Lows, First State Says
Debt consultancy sees average owed at $136k (UAE)

-- Fault lines --
Thailand extends state of emergency
Iran foreign ministry rejects claim that planes were denied fuel
BP has not renewed Iran air fuel contract
Putin Lieutenant Put In Charge Of Mistral Deal: Report
Russia mobilises 20,000 troops; showcase naval strength
CIA and Pakistan locked in aggressive spy battles
Israel seeks to block Saudi F-15 deal
Israeli FM Stokes Tensions With Turkey
China Criticizes U.S. for Expanding Iran Sanctions
Nigeria: Middle class in fear as kidnappings rise

-- Energy/resources --
Six Japan Firms Team Up to Sell Nuclear-Power Technology
India's Growing Nuclear Industry
China to build $8bn oil refinery in Nigeria
Falklands oil exploration delays rattle investors
Analysis: Deepwater Discoveries, Production Still Critical to Reserve Base
New fuel shortages lead to queuing (Egypt)
Iran to stop subsidised petrol sales from September
China's heat wave sends power generation to new high
Saudis Will Stop Exploring for More Oil
Nord Stream gas pipeline reaches European mainland
Huge blackout in Sydney (Oz)
Rolling Blackouts, Brownouts Reported On Staten Island (US)
Data center power outage knocks down all Wikimedia sites (US)

-- Oil gusher --
More bad news for BP as arsenic levels rise in seawater around the Gulf of Mexico
Tar balls now found in Louisiana's Lake Pontchartrain
Recovery effort falls vastly short of BP's promises

UK: Graduates warned of record 70 applicants for every job
Electric cars must be taxed to pay for more power stations 'or National Grid could fail'

Foreigners In Japan Decline 1st Time In 48 Years
"Immigrant South Americans of Japanese descent apparently returned home in droves after losing their jobs amid the economic downturn."

US: Defense Officials Anticipate Drop In Military Spending
In tapped-out Detroit, residents pay out-of-pocket to spruce up vacant lots, parks
US is committed to a long-term partnership with Iraq, says Biden
U.S. Consumers in 'Dire' Credit Situation
`Consumer Hangover' Threatens U.S. Retail Outlook: Chart of the Day
79 million baby boomers enter retirement: What it could mean for the market
Pentagon tightens media controls
A hard look at what rising national debt could bring
US government to sue Arizona over immigration law
Postal Service Proposes Broad Rate Increases
Office Vacancy Rate Reaches 17-Year High
99 Stocks Account For Half Of Day's Trading Volume As Liquidity Concentrates In Ever Fewer Stocks
As power demand soars, grid holds up ... so far
US taxpayers' Afghan aid money buys rich Afghans' Dubai villas
"Losing Our Cool": The high price of staying cool
Northeast Ohio: High temps raise fear of 'brown out'

And finally... 'Big budget' porn film shot in London hospital

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