Tuesday, August 31, 2010


News Links, September 1, 2010

-- Global economic meltdown --
The fallacy of taking German lessons
India growth rate rises to 8.8%
Massive Anglo Irish Bank loss for first half expected
`Zombie' Hotels Arise in Ireland as Recession Empties Rooms
Second Leg of Crisis Beginning: Hedge Fund Manager
Gold Rallying to $1,500 as Soros's Bubble Inflates
Greece 5-year CDS approaches all-time high
JAL submits austere restructuring plan, to dump 16,000 jobs and 49 routes
700 workers abandoned in Dubai
Military cash could fix crumbling Arctic infrastructure, Ottawa told

-- Fault lines/flashpoints --
Mexico captures reported drug lord 'the Barbie'
Eight killed as bar is 'petrol-bombed' in Cancun
Assessing America's 'imperial adventure' in Iraq
Satellite-watchers worry about China
Japan Confirms Meeting Central Banker Zhou Amid Speculation He Left China
Russian protesters defy Putin warning – and meet tough response
Russian mafia taking over French Riviera
Pakistan flood waters recede but country's debt rises
Israeli report: Hamas rockets can hit targets north of Tel Aviv
Afghanistan bomb attacks kill twenty-one US soldiers in 48 hours
France, Britain In Talks On Warship Timeshare
IISS Says China Now Has More Warships Than U.S.

-- Energy/resources --
Protesters evade Danish navy, shut down 'dangerous' arctic oil drill
80,000 left in blackout as blast hits Russia's Volga region
OPEC Oil Output Declined on Iraqi Pipeline Bombing, Bloomberg Survey Shows

-- Oil disaster --
Oil Tests Positive for Dispersants in the Mississippi Sound

-- Environment/health --
Cold snap decimates Amazonian aquatic life in Bolivia
Nearly 47,000 hospitalized due to heatstroke since late May (Japan)

-- Intelligence/security --
Swedish police question WikiLeaks founder
FBI: No Probable Cause Required For Surveillance

-- UK --
Housing group gives four-year negative equity warning
EDF puts up electricity prices for 1 million customers
Plan to dim or switch off more than 90,000 street lights in Nottinghamshire

-- US --
Wall Street Insiders Want Out, Selling $100 Million in Stock
Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes
When bedbugs attack, homeowners get desperate
'Super-sized' fits even regular food portions at restaurants
Ron Paul: Financial Reform Solved Nothing
Problem bank list climbs to 829
30 Statistics That Prove The Elite Are Getting Richer, The Poor Are Getting Poorer And The Middle Class Is Being Destroyed

Monday, August 30, 2010


News Links, August 31, 2010

-- Global economic meltdown --
Greeks "In Over Their Heads In Debt" Means Non Performing Loans Poised To Surge
Bank of Japan's Moves Fail to Contain Yen
China Housing Market Seen Bottoming Out, New Property Tax "Inevitable"
Have Easy Gains in China Gone?
Moody's Issues Stern Warning On China's Pyramid Bank Recapitalization Scheme
End Looms For Era of Cheap Chinese Labor
China's Insatiable Appetite for Gold
"When the world's second largest and fastest growing economy liberalizes gold ownership by individuals, who happened to be the planet's most fastidious savers at a 17% rate, you better pay attention."
Japan, China sign seven trade pacts
The Post-Crisis Decade: More Ugliness To Come
US Economy Needs Another Big Stimulus Push: Krugman
Japan Ponders Increasing Fuel Tax
Toyota Prius May Lead Japan Car Sale Collapse as Subsidies End

-- Fault lines/flashpoints --
Mexico mayor killed as Tamaulipas violence escalates
U.S. Escalates Air War Over Afghanistan
Vladimir Putin says 'unsanctioned' protesters can expect police brutality
China warships dock in Burma, rattling rival naval power India
U.S. Concerned About Taiwan Ex-Generals' China Visits: Report
Saudis amass U.S. weapons to confront Iran
Neo-nazis run riot at Russian rock concert
Somali presidential palace shelled
Despite Hype, Iraq War Not 'Ending'
Revised U.S. Export Rules May Ease Overseas Sales of Military Technologies

-- Energy/resources --
Obama could kill fossil fuels overnight with a nuclear dash for thorium
*Where have I heard this before?
Oil Should Be Around $10 a Barrel: Analyst (CNBC)
The Rare Earth Elements Crisis
Oil, bribery and the CIA
NTPC May Buy Stakes in Indonesian Coal Mines to Help Curb India Blackouts
With drilling stalled in the Gulf, Big Oil sets its sights on the Arctic

-- Got food? --
Food crisis looms after floods in Pakistan
Rodents, maggots, other violations found at 2 egg farms (US)
Shortage of farms and water threatens grain output targets (China)
Bill and Melinda Gates Foundation invests in Monsanto

-- Oil disaster --
BP Assures Governors It Will Restore The Gulf
This woman's nose stands between you, Gulf seafood
Louisiana authorities report oil sightings from Gulf of Mexico spill
Gulf coast fishermen join Katrina victims and vow never to forget
"The government is painting these pictures like we're crazy and seeing UFOs. But every time we come out here we find plumes of oil under the water as thick as you can see."

-- Environment/health --
Hot scoobies: Bjørn Lomborg: $100bn a year needed to fight climate change

-- Intelligence/security --
Combined Face and Iris Recognition System extends range of iris scans to 16 feet
U.S. to Use Drones on Entire U.S.-Mexico Border, Official Says
Border Sweeps in North Reach Miles Into U.S.

-- UK --
Bank of England may restrict mortgage lending

-- US --
Bernanke Hallucinating
University Attendance Scanners Make Some Uneasy
In weak economy, some work two jobs
U.S. Economy "Extremely Weak" and "Losing Momentum," Says Economist Nigel Gault
Behind Chicago's high-crime summer: persistent street gang violence
Why Bernanke's attempts to fix the economy are only a façade (Daily Reckoning)
Airline fees likely here to stay
Record number in government anti-poverty programs
Department of Justice Lists Survivalists, Constitutionalists in Extremism Guide

Sunday, August 29, 2010


News Links, August 30, 2010

-- Global economic meltdown --
Gold May Rise to $1,300 an Ounce Fueled by Investment Demand, GFMS Says
BOJ May Hold Emergency Meeting as Early as Monday
Finance giant on the brink of collapse (New Zealand)
Fiscal policy based on alchemy: expert

-- Fault lines/flashpoints --
Saudis demand government jobs in rare protest - media
N. Korea Vows to Use Nuclear Weapons If Attacked
Chinese navy to hold live-fire drills in Yellow Sea
Islamist rebels launch deadly attack on Chechen president's village
Hamid Karzai lines up ultimate showdown with Nato with plan to stay in power
In Mexico, drug war deaths mount

-- Energy/resources --
China Defends Control of Rare Earth Exports as Move to Protect Environment
Deepwater Horizon fears resurface as rigs probe for oil under Arctic ice
Doomsday threat of the nuclear renaissance
The age of easy, cheap oil maybe getting over slowly (Arab News)
Canada stakes a claim to Arctic power, influence
Harper's Arctic ice show: political stagecraft masks cold reality
Global resources war (Korea Times)
"Korea should win hearts of developing countries"
Experts warn against long-term extension for German nuclear plants

-- Got food? --
Friends of the Earth urges end to 'land grab' for biofuels
Biofuels Firms Buy Up African Land, Cause Deforestation, Food Output Loss

-- Oil disaster --
Confirmed: Corexit Still Being Sprayed in the Gulf
The true fallout from the BP oil spill may be unimaginable

-- Environment/health --
Summer 2010 a record-breaking scorcher

-- Intelligence/security --
U.S. schools: grooming students for a surveillance state
18 nations wrap up mock terror exercise in Panama canal
Pentagon considers preemptive strikes as part of cyber-defense strategy
Congress may sneak through Internet 'kill switch' in defense bill
The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions

-- UK --
Scottish police cuts 'could see 2,800 officers go'
Nearly two-thirds of UK parents cannot afford after-school activities for their children

-- US --
California School Uses RFID Tags To Track Location Of Preschoolers
Is the US Housing Market on the Verge of Collapse?
Decline in foreclosures likely to be temporary (WashPo)
Arson reported at Tennessee mosque construction site
Presenting The Findings Of The Working Group On Extreme American Inequality
Social Security: The futile fight for what's been promised (Daily Reckoning)
"Social Security redistributes wealth from the young to the old. The government keeps promising young payers that they'll get their share - but no one believes it anymore."
Full Recovery Could Take Decade or More: Economist

And finally... Drunk baboons plague Cape Town's exclusive suburbs

Saturday, August 28, 2010


News Links, August 29, 2010

-- Global economic meltdown --
Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards
Mexico airline Mexicana to halt all flights
Record vehicle recalls this year
*Another sign of systemic breakdown
Trichet Says Failure to Cut Government Debt Risks `Lost Decade'
China's roads: The great crawl of China

-- Fault lines/flashpoints --
Thailand red shirt protesters rallying again
Southern African Development Community tackles regional piracy
US Tells Lebanon: Israel Can Destroy Your Entire Army and All Bases in Four Hours
Report: France willing to arm Lebanon with 100 missiles
A New Wave of Dissent in Japan Is Openly and Loudly Anti-Foreign
Mass Assassinations Lie at the Heart of America's Military Strategy in the Muslim World
Human trafficking second only to drugs in Mexico
Iraq put on high alert ahead of expected bombing campaign
Nine Years Later, Afghanistan Looks Much the Same: A Mess

-- Energy/resources --
Rare Earth Elements: The Global Supply Chain
The Rare Earth Element Crisis

-- Intelligence/security --
Pentagon seeks anti-WikiLeaks technology

-- US --
"California is fast approaching bankruptcy due to its pension crisis. NJ, IL and PA are not too far behind."
Boulder County subdivisions vote "No" on paying to repave streets
Skilled Workforce Shortage Threatens American Manufacturing
What teachers spend on their students
State to close rest areas in money-saving move

And finally... New indoor skydiving facility to open in Dubai

Friday, August 27, 2010


News Links, August 28, 2010

-- Global economic meltdown --
Analysis: Financial storm clouds set gold on course for history
Excellent: Things Fall Apart: Complexity, Supply Chains, Infrastructure & Collapse
*Helps explain the mechanism of collapse.
Japan's struggle with deflation worsens as prices fall
Beijing District Reports That The Majority Of Its Houses Have Been Vacant... For Years
Why another fiscal stimulus won't do (Mohamed A. El-Erian)
China's booming consumer market
Dollar Destroyed As World Currency?
Investors flee Treasurys on Bernanke's remarks
Gold Demand to Soar in Vietnam as `Shelter' From Devaluations, Stock Slump
Gold's Evangelist
U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs
A number of the world's biggest banks back switch to Renminbi for trade
Dubai's budget chief predicts spending cut by 30%

-- Fault lines/flashpoints --
Mexican drug cartels expand reach in Central America
Air base expansion plans reflect long-term investment in Afghanistan
Pak floods have hit infrastructure, weakened democracy, pressurised Army: Report
India police say 848 tonnes of explosives are missing
India cancels China defence exchanges after visa row
Russia: No S-300 missiles deployed in South Ossetia
Bin Laden's bodyguard warns of escalation in Yemen
Russian subs stalk Trident in echo of Cold War

-- Energy/resources --
Egypt hit by power cuts amid Ramadan heat wave
Oil-rich but candlelit Nigeria seeks power upgrade

-- Got food? --
The Coming Food Crisis (Foreign Policy)
FM warns of more floods, food riots (Pakistan)
Russian Wheat Crisis Boosts U.S. Growers
U.S. Agriculture Exports To China Surge

-- Oil disaster --
A poor appetite for gulf seafood
"In Louisiana, where the fishing industry is as much a part of the state as Mardi Gras, even locals won't eat the catch."
Crist extends spill emergency for 7 Fla. counties
Fish Kills Worry Gulf Scientists, Fishers, Environmentalists

-- Environment/health --
Study of coal ash sites finds extensive water contamination (US)

-- Intelligence/security --
Fidel Castro: Osama bin Laden is a US agent
China Opposes U.S. Radar Sales to Taiwan
U.S. military wants to exert influence over private cyber infrastructure
WikiLeaks war logs posting 'will lead to free speech ruling'
WikiLeaks builds a legal shield in Sweden
Mexican president proposes new measures against money laundering
Airships Receive Lift from New Technology
Ex-FEMA head: U.S. didn't tell all on Katrina
Nation's Nuclear Power Plants Prepare for Cyber Attacks (US)

-- UK --
UK faces new wave of homegrown attacks from homegrown militants
Hundreds of police jobs go as budget cuts bite

-- US --
Intel CEO: U.S. faces looming tech decline
NJ Gov: make cities' aid hinge on cuts, performance
Struggling Cities Shut Firehouses in Budget Crisis
Budget cuts keep police in some cities from answering calls
Bernanke's options down to comforting words
13.97 percent of mortgages late or in foreclosure
Robert Shiller Says Double Dip Imminent
Economic downturn defying solutions
Warning: Union revolution is next
"The safety net will be shredded, the giveaways and exclusions for public sector employees are already extinct."
Too much mortgage debt? Here, have another loan. (Daily Reckoning)
Here's What Mike Mayo Thinks Citi Is Doing To Cook Its Books
Thousands seeking help with mortgages jam Palm Beach County Convention Center
Florida – Much Worse Problems Than the Oil Spill
U.S. Warfare Boosted Q2 GDP Massively
Are Americans de-banking?

And finally... The 'new Dubai'? Libya open for business

Thursday, August 26, 2010


News Links, August 27, 2010

-- Global economic meltdown --
Chinese Gold Demand Explodes As Inflation Fears And Government Curbs Take Hold
Million civil servants set to march in S Africa
India's abysmal infrastructure
Bond bubble, dollar doom -- Embrace the fear says Fisher
Citi Says QE2 Would Be End-Game For The USD
Ireland's `Vicious Circle' Leaves Banks Facing Higher Debt Cost
It's Official: China is Unloading its Treasury Bonds
Japan Consumer Prices Fall 1.1% as Deflation Persists in Slowing Economy

-- Fault lines/flashpoints --
China claims ocean floor of South China Sea
Iran ready to sell arms to Lebanon
US aided Moldova as it cracked nuclear smuggling
AFRICOM prepared to train Somali troops if called upon, general says (Stars and Stripes)
S.Korea military drill envisions 'occupying N.Korea'
India: Thousands of farmers protest appropriation of farmland for road construction
Mogadishu civilians move out as al-Shabaab militia threatens 'massive, final' war on government
Mexico's Drug War Spawns Wave Of Kidnappings
France deports hundreds of Roma
Massive opium poppy field discovered in B.C.

-- Energy/resources --
Climate-Control Failures May Send Coal Trading to Record: Energy Markets
Mexico Facing Oil Imports to Tackle Rising Gasoline Consumption
Cloud computing expansion threatened by power shortage
Nigeria: Total blackout as electric workers strike
Brazil's Petrobras Turns To South Dakota For New Ethanol Technology
India overtakes Japan in demand for oil
US energy use is way down - but wind surges

-- Got food? --
Seeing a Time (Soon) When We'll All Be Dieting
Drought tolerant maize to hugely benefit Africa
10 Practical Steps That You Can Take To Insulate Yourself From The Coming Economic Collapse

-- Oil disaster --
Gulf spill claims: Take money now, or chances later?

-- UK --
Who'll Fund U.K.'s Next Nuke Subs? Industry Wants to Know

-- US --
American Lifestyle Costs Nearly 2000 Gallons of Water Each Day
California mosque vandalized, Ground Zero mentioned
Abandoned boats litter waters in tough economy
Housing Inventories Soar to Critical Levels
Mortgage rates fall to lowest level in decades
Chances of Double Dip Now Over 40%: Roubini
Subscriber growth suddenly stops for cable TV industry
Ore. budget short again; officials plan more cuts
Colorado governor announces $60M budget cuts

Wednesday, August 25, 2010


News Links, August 26, 2010

-- Global economic meltdown --
China's Stimulus May Be A Curse In Disguise
Lufthansa Says Intercontinental Airline Mergers to Increase
Morgan Stanley Says Governments Will Default, Only Question Is How
Gold Spikes As World Gold Council Says Gold Demand Surges 36% In Q2, Sees Ongoing Demand Out Of China And Europe
It Pays to Riot in Europe
Roubini Says Q3 Growth in U.S. to Be `Well Below' 1%
Dubai to sell prized assets to cut debt
BOJ Gov Shirakawa To Attend Jackson Hole Symposium In U.S.

-- Fault lines/flashpoints --
Canadian Fighter Jets Intercept Two Russian Bombers Approaching Airspace
Dozens of bodies found at Mexico ranch
Iran says it test-fires new missile
U.S. Weighs Expanded Strikes in Yemen
Dozens killed in wave of bombings across Iraq
German military may drop draft
Ban: More must be done to combat piracy
Officials: CIA drones may target Yemen terrorists
Military Aid to Yemen Doubles as U.S. Aims to Boost Fight Against Al-Qaeda
US fires on civilian Bagram protest

-- Energy/resources --
Japanese delegation to visit Africa amid resource competition
Peak Oil Workhorse Matt Simmons: 1943-2010
Vancouver: Fourth blackout in four days
Norway's gas future uncertain
BP frozen out of Arctic oil drilling race
Egypt announces site of planned nuke plant

-- Got food? --
Sating China's growing appetite for frozen foods
*Note China's increasing reliance on the cold chain.
Wheat Rises, Erases Decline on Forecast for Smaller German Grain Harvest
Eggs from Iowa farms could come to table near you (US)

-- Oil disaster --
Gulf oil spill: Engineers grapple with new complications
Concerns Over Gulf oil Waste Destined for Landfill
Conservation Groups to Attorney General: Count Gusher's Oil AND Gas
"When calculated in equivalent units of weight, the magnitude of discharged oil plus gas is equal to one and a half times the oil alone."

-- Environment/health --
Whooping cough outbreak could be worst in 50 years

-- Intelligence/security --
Secret US military computers 'cyber attacked' in 2008
Insiders Doubt 2008 Pentagon Hack Was Foreign Spy Attack
Private Military Contractors Experiencing an Industry Boom in Iraq
The Government's New Right to Track Your Every Move With GPS (US)
ACLU Report: Spying on Free Speech Nearly At Cold War Level
US military's top secret X-37B shuttle 'disappears' for two weeks, changes orbit

-- UK --
Child poverty 'will rise as cuts hit families'
British Nightclubs Shut as Economy Forces Revelers to Stay Home

-- US --
Credit Card Debt Drops To Lowest Level In 8 Years
Consumers Paying Credit Card Debt Instead of Mortgage
Small business loan programs need cash ASAP
The Hindenburg Omen IS Scary, but So Are the Fundamentals
In Emergency, Iowa Turns To National Guard Retirees
Existing Home Sales Plunge 27%, Worse Than Every Economist Forecast
South Florida foreclosures surpass 100,000
Why Housing Is Even Worse Than You Think
The tale of U.S. Interstate 69, the Canada-to-Mexico super highway, unfinished as globalization runs low on gas.
Illinois Teachers' Retirement System Enters The Death Spiral
For America's Middle Class, the Hits Just Keep on Coming
"Contained Depression"
America's 10 Dying Cities: From Detroit to New Orleans
Students prepare for homeland security careers
Right-Wing Christian Militia Vows To Protect Florida Church Burning Qurans On September 11

Tuesday, August 24, 2010


News Links, August 25, 2005

-- Global economic meltdown --
Germany's Deficit More Than Doubles To EUR 42.8 Billion In First Half Of 2010
Pakistan Faces Economic Hit from Flood
Here It Is. Here's The Bursting Of The Bond Bubble (100-year bonds!)
Dow Faces Bouncy Ride to 5,000: Strategist
Gold: The Shadow Currency
Why the Euro Is Doomed
US market underperforms Great Depression
The Return of Greek Tragedy
Jimmy Rogers Is Right! Teach Your Children Mandarin, Damien Hoffman Says
Stocks dive across Europe, led lower by Ireland, Greece
Global economy going nowhere fast

-- Fault lines/flashpoints --
Nineteen bodies found in Mexico mine shaft
China Traffic Jam Could Last Weeks
WWIII ahead: Warfare defining human life by 2020
"Mother of all national security issues: desperate wars over food, water, energy"
Saudi trying to rein in rogue clerics
Pakistan Admits to Sabotaging Karzai's Peace Talks

-- Energy/resources --
How Much Power Does it Take to Run a Wind Turbine?
'Fracking' fractures N.Y. county (US)
Turkmenistan's New Energy Policy Shows a Clear preference for China and the West
Shell Starts Drilling Deepwater Oil Well Near Tupi Field Offshore Brazil
Coal Industry Drinks Up Massive Amounts of Water
Major reports point to oil supply turmoil and price volatility

-- Got food? --
South Atlantic squid catch declining
Chinese Consortium Takes A Look At Potash
Egg Recalls Ripple Through Food Supply (US)
"Less than 200 big companies... supply 95 percent of the eggs in this country."
Nationwide meat recall announced (US)
Potash cartels and impact on food supply

-- Oil disaster --
Defender of the deep: The oil's not gone
Thousands of dead fish surface at mouth of Mississippi River
Gulf oil spill to blame for oily blobs in vital Gulf sea life?
Undersea Oil Plume Vanishes in Gulf, Degraded by Previously Unknown Bug (NYT)

-- Environment/health --
Growing health risk in Pakistan
Honolulu's Trash Woes Get Worse
"Gigantic piles of shrink-wrapped garbage have been moldering in the heat of a Hawaii industrial park for more than five months, waiting for a place to be shipped."
California to Delay Payments Sooner than Expected
America stops buying homes
US home sales in record July slump
The Unremitting Housing Disaster
Commuters face major delays on rails into NYC
More bank failures are coming than we've been led to believe (Forbes)
Economy Like a 'Drunk That Keeps Drinking'
Investors Scatter to Safety
Economy Caught in Depression, Not Recession: Rosenberg
The true national debt

And finally... Japanese companies struggle to deal with workers' Twitter addiction

Monday, August 23, 2010


News Links, August 24, 2010

-- Global economic meltdown --
Asia, U.S. Slowdown to Seriously Affect Europe, EU Economy Chief Rehn Says
Failed States Index 2010
The Case for a Sovereign Debt Default in Japan
Pakistan turns to IMF for help
German Defense Sec'y: Reduce Force to 163,500
Why You Need To Own Gold Now (Forbes)
"Enron Accounting" Has Bankrupted America: U.S. Deficit Really $202 Trillion, Kotlikoff Says
Harsh Fiscal Reality Forcing Govt To Cut Promised Programs (Japan)
Wheat in Chicago Falls as Much as 0.6% to $7.215 a Bushel; Corn Declines
Heating Oil and Diesel Rising to 27-Year High in Survey (US)
Bahrain is first Gulf state to have credit rating lowered
8 Bold New Forecasts for 2010

-- Fault lines/flashpoints --
Will Trying to Recover Push Pakistan Over the Edge?
Iran bans mention of opposition leaders in press
US to Launch Sixth Offensive Against 'Birthplace of Taliban'
Karzai: Private contractors 'looting and stealing,' working with terrorists
Israel Knesset Member Declares "We Are Preparing For War"
Iran threatens to attack U.S. interests around the world if provoked
Iran Says It's Begun Producing New Missile Boats

-- Energy/resources --
Calls to tackle rising oil imports (China)
U.S. Energy: Comfortable to the Point of Panic
World helium reserves are running out, Nobel laureate claims
Wind Energy: Freedom From Fossil Fuels or Tempest in a Teapot? Part I
Wind Energy: Freedom From Fossil Fuels or Tempest in a Teapot? Part II
*A good reality check on what wind does -- and does not -- deliver.
Greenpeace mobilises as firm strikes oil in Arctic
Danish warship blocks Greenpeace vessel in Arctic

-- Got food? --
Africa's ambitious return of ancient rice
Egg recall drives worried customers to farmers markets (US)
Coffee futures flirt with 13-year high on crop troubles
The decline of organic food encourages rise of grow your own (UK)

-- Oil disaster --
LSU fish toxicologist studies the effects of surfactants on fish populations

-- Environment/health --
Toxic legacy of US assault on Fallujah 'worse than Hiroshima'

-- Intelligence/security --
Cloud computing - the calm before the storm

-- UK --
Household finance 'under pressure in August'

-- US --
Credit-Card Rates Climb
Fears about the economy still high, says new "Household Misery Index"
Economic Outlook: Birthrights in jeopardy
The Household Debt Mountain
Housing in 'Double-Dip': Economist Zandi
Housing Slide in U.S. Threatens to Drag Economy Into Recession
US Homeland Security to Expand 'Secure Communities' Nationwide
Preparing for the Next 'Black Swan' (WSJ)
The Next Bubble? Investors Flee Stocks in Droves In Favor of Bonds
Illinois worse off than Greece?
Commercial Real Estate Prices Tank; Late Mortgage Payments Spike
Growing Rental Trends Undermining US Home Sales
The Big SUV's death rattle

And finally... China traffic jam stretches 'nine days, 100km'

Sunday, August 22, 2010


News Links, August 23, 2010

-- Global economic meltdown --
Brussels figures show massive growth in pensions for Eurocrats
Small Investors Flee Stocks as 'Appetite for Risk' Wanes
Euro crisis has not gone away, it is merely masked by other troubles

-- Fault lines/flashpoints --
Al-Qaida in Yemen: Poverty, corruption and an army of jihadis willing to fight
Iran unveils 'unmanned bomber'
4 decapitated bodies hung from bridge in Mexico
Drug traffickers, Mexican police battle within yards of U.S. border
U.S. to spend $100 million on Afghan bases
Biometric system to track foreign workers in place in Oct (Malaysia)
Iran seeks missile system to defend nuclear sites
US combat brigades still in Iraq: report
USAF Realignment Affects 12,000 Airmen, 650 Planes

-- Energy/resources --
Peak oil alarm revealed by secret official talks

-- Oil disaster --
For Gulf tourism, problem is perception -- not oil (AP)
"Assange told Al Jazeera on Sunday that while he had been forewarned by Australian intelligence on August 11 to expect a campaign against him, it was unclear who was behind it."

-- US --
Social Security: A small problem that will grow bigger
Police swarm Arizona town after biker gangs' shootout
"Rival clubs reportedly vie for control of community." (The Mexican disease comes to the US!)

Saturday, August 21, 2010


News Links, August 22, 2010

-- Global economic meltdown --
Next banking crisis could come from Europe
Big hedge funds are rushing into gold. Should you? (CNN Money)
China Looks to Finish Off Post-WWII Reign. Better Learn Mandarin
Dubai companies still slow to pay trade creditors
Dubai's Asia roadshow may signal debt issue
As many as 80% of buildings in Dubai either uninsured or underinsured
Japan Vehicle Sales May Drop as Government Incentives Run Out, NHK Says
Greeks feeling pain from austerity moves

-- Fault lines/flashpoints --
Russia, Armenia sign military cooperation pact through 2044
Police arrested in northern Mexico mayor's killing
Karachi Shops Close in Wake of Third Set of Riots This Month
IMF to review 'massive challenge' of flood-hit Pakistan
Italy wants EU action on Roma
The age of nations is over. The new urban age has begun. (Foreign Policy)
*What's interesting is how FP could have gotten it so wrong.
Gov't to promote private use of aircraft developed for military (Japan)
Scared women are packing pistols in Iraq
Asia upgrades armour capabilities
Iran unveils mini-submarines and torpedo boats

-- Energy/resources --
Russia probes cause of Petersburg power blackout
Oil reserves targeted by Asian nations
Iran allocates USD 2 billion for gasoline projects
Analysts warn of threat to oil price stability

-- Got food? --
The next global crisis: Hungry millions, on the move
Salmonella worries: Recalled egg total passes half a billion (US)
Labor Day Picnics Trigger Stampede in Cattle, Beef Prices (US)
"The tumultuous trading came after rallies in markets for other agricultural commoditieshave raised fears about global food price inflation."

-- Oil disaster --
BP Starts 'Fishing' for Drill Pipe at Gulf Spill Site
FDA Not Testing Gulf Seafood for Mercury, Arsenic or Other Heavy Metals

-- Environment/health --
As 'plant productivity' dips, a search for answers
Major flood on China-North Korea border
Bedbugs invade Empire State Building
Bedbugs spreading all over US
Drug-resistant 'superbug' seen in Canada

-- Intelligence/security --
Wikileaks founder Julian Assange accused of rape
Sweden drops rape accusation against founder of WikiLeaks

-- UK --
Crash scam figures at record high, insurers warn
Britons dig into £4,600 of savings to cover living costs

-- US --
Big Chicago-based community bank, 7 others shut down; 118 total US bank failures in 2010
The Mortgage Crisis Climbs Over the Mountains
People Have 'Huge Disbelief' in Government: CIO
Shocking Facts About the U.S. Debt Problem, And 5 Ways to Prepare Your Portfolio
Number of U.S. restaurants declines
Philadelphia wants bloggers to pay $300 for business privilege license
High-tech carts will tell on Cleveland residents who don't recycle ... and they face $100 fine
High-Speed-Rail Costs Irk States
10 Big Retailers Closing Stores
The American Retirement Crisis
Racial strife escalates in Staten Island

Friday, August 20, 2010


News Links, August 21, 2010

-- Global economic meltdown --
Second Hindenburg Omen Confirmation In As Many Days, Third H.O. Event In One Week
America Won the Cold War But Now Is Turning Into the USSR, Gerald Celente Says
"As with many observers, Celente thinks America will suffer the same fate in Afghanistan as the USSR, the British Empire, Alexander the Great and all others who've ventured into the 'graveyard of empires.'"
German AF Limits Repairs to 'Mission-Relevant'
Broken Bank Stocks a Canary in the Market Coal Mine?

-- Fault lines/flashpoints --
U.S. assures Israel nuclear Iran not imminent: report
India's Growing Nuclear Capabilities
Israel, Iran and Imminent Supply Chain Risk?
Iran test fires surface-to-surface missile
Russia increases diesel submarine production
Russian nuclear submarine leased to India -reports
Air traffic control problem cuts European flights
Ukraine to upgrade Egyptian Soviet-era T-62 tanks
China, N. Korea reach 'full consensus' on restart of nuke talks
Japan warns ships to be vigilant in Strait of Hormuz
Mexico City Businessman Shot to Death in Bar Gave Testimony Against Gang

-- Energy/resources --
Analysis: Swollen U.S. crude stockpiles mask global drawdown
Korea's KNOC in $2.9 bln hostile bid for Dana
Wind Power: Bad News Blows in From Denmark
Power blackout paralyzes St. Petersburg
Remembering the Remarkable Matthew R. Simmons
Pemex Seeks Foreign Partners to Develop Offshore Oil Fields for First Time
More oil from Russia to the Asia-Pacific region

-- Got food? --
BHP Billiton Develops an Appetite for Potash
2nd Egg Recall Linked to Salmonella Affects 14 States (US)

-- Oil disaster --
Woods Hole says oil trapped deep, degrading very slowly
Use of Dispersants in the Gulf Proves to Have Little Benefit
Was Rosy Gulf Oil Report A White House PR Move?

-- Environment/health --
Wildfires rage through British Columbia
Bolivia declares fires emergency
Study measures Atlantic plastic accumulation
Mangrove forests vanishing at an alarming rate, satellite images show

-- Intelligence/security --
After shooting, Pentagon vows to focus on 'insider threat'

-- UK --
Councils 'could cut 500,000 jobs and not harm services'

-- US --
Office Memo: Bed Bugs Are Back
Fidelity: retirement fund withdrawals rise in downturn
" A record number of U.S. workers are tapping into their retirement accounts to make it through the economic downturn."
And Now We're Headed For The GREATEST Depression, Says Gerald Celente
Hundreds of millions in Katrina funds remain unspent
The American Retirement Crisis
Cuts in Social Security
Taxpayers on the hook for $3 trillion in pensions
Lease Accounting and the Corporate "Cash Mirage" - How Corporations Hide Debt
California's Furlough Fridays are back
Four bank failures bring U.S. total to 114 for the year

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