Monday, August 09, 2010


News Links, August 10, 2010

-- Global economic meltdown --
John Taylor Says That Despite Everything, Greece And Spain Will Default
Cash-poor Italy to sell ad space at Colosseum
Mexico airline Mexicana axes flights amid turmoil
"The airline said its financial situation 'had deteriorated substantially' as a series of events 'strangled' the cash flow it needed to finance its day-to-day operations."
European Space Programs Come Back to Earth
The mother of all bubbles (China)
Sharp Slowdown in China's Exports Seen
China Takes The Property Bubble To A Whole New Level: An Explosion Of (Vacant) Inland Cities Is Coming
Saudi Arabia approves $385bn development plan, 67% larger than previous 5-yr plan
Incredible shrinking Japan Airlines: JAL to cut over 19,000 jobs by March 2015

-- Fault lines/flashpoints --
North Korea fires rounds into Yellow Sea as South Korea demands return of fishing boat
Pakistan's flood victims say government is no help
As Pakistan flood worsens, US hand in recovery expands (to counter Taliban influence)
U.S. Supersizes Afghan Mega-Base as Withdrawal Date Looms
Concerned about China's rise, Southeast Asian nations build up militaries
Drone helicopter spotted in Belize
Saudi Arabia to buy $30bn of US arms - report
Israel implicated in Hariri murder

-- Energy/resources --
U.S. electricity blackouts skyrocketing (CNN!)
Matthew Simmons, Peak-Oil Advocate and Simmons & Co. Founder, Dies at 67
Global warming heats up a nuclear energy renaissance
China In Africa: The Good And The Bad
Uranium mining in Australia opposed

-- Got food? --
The Bull Market in Food Is Only Just Starting
Wheat Tumbles as Farmers to Plant More, Inventories Sufficient
Rice yields falling under global warming
Russia reduces grain harvest forecast
"Mr Putin also said that the ban on grain exports could be extended beyond the end of 2010 because of shortages for domestic markets."

-- Environment/health --
Russians worry heat wave deaths under reported
"Muscovites are dying from extreme heat and smoke faster than their bodies can be stored, cremated or buried, and Russians are worried the death toll could be far higher than the official count."
Flash Floods Inundate Central Europe
Could a solar storm send us back to the Stone Age?

-- Oil disaster --
Crabs provide evidence oil tainting Gulf food web
Effects of the BP's oil spill might persist for years
BP oil spill costs pass $6bn mark
BP makes $3bn deposit in $20bn relief fund
As oil spill ends, are Gulf Coast economic woes just beginning?

-- UK --
Chris Huhne says new nuclear plants on track for 2018
UK jobs market recovery 'to stall'

-- US --
Texas uses record amount of electricity as temps surge
Military retirement system is unsustainable
Nev. board slashes state employee benefits, costs
Pet food could be making kids sick, report says
Opponents fight new mosques in U.S. heartland
4 in 10 expect to outlive retirement money
Border sheriff says battle on Texas border is "domestic terrorism"
Tennessee State Guard starts up new military police class
Cuts in a fourth of Idaho's wages from recession
Is it worth it to go to college?
Freddie Mac reports loss, seeks another $1.8 billion in taxpayer bailout
Even with cuts, Illinois budget in awful shape
Gates Seeks Deep Cuts At Pentagon
Fed expected to downgrade US growth outlook

And finally... Raging US flight attendant makes his personal emergency exit

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