Thursday, August 19, 2010


News Links, August 20, 2010

-- Global economic meltdown --
Western Economies Face Hyperinflation: Gold Bull
Indian outsourcing company to move jobs to US
Liquidity Trap: The Global Collapse of Government Bond Yields
Greek crisis refuses to go away
U.S. Budget Deficit Forecast Increased by CBO to $1.066 Trillion for 2011
Asian Computer Shipments Signal Extended Consumer Spending Slump in U.S.

-- Fault lines/flashpoints --
France will begin expelling Roma in police crackdown
Farmer unrest spreads to 3 more districts in UP (India)
Blast kills seven in China's Xinjiang
South Africa: Million state workers strike
South Africa's army deploys to strike hospitals
South African police fire rubber bullets on striking civil servants
Pakistan militants seeking to exploit flood chaos
US urges Colombia to sustain ties
US Announces Second Fake End to Iraq War
Civilians to Take U.S. Lead After Military Leaves Iraq
"The State Department is planning to more than double its private security guards, up to as many as 7,000."
India likely to export its BrahMos missile
Who's blowing up Iran's gas pipelines?
Deep reasons for China and US to bristle
Saudi Arabia deports 30,000 Indian expats each year
Russia Throws Open French Warship Buy to Tender
Russia Opening Iran Nuclear Plant Advances Goal to Play Power-Broker Role

-- Energy/resources --
Rockhopper fails to find oil with Falklands well
Full Steam Ahead For California Geothermal Plans?
*Geothermal is not as hot as everyone has thought.
Japan Home Power Use Surged To New Record In July Heat
China to send delegation to Uganda on oil
Asia Tops Europe First Time on South Africa Coal Imports: Energy Markets
Sinopec, CNOOC in talks for Brazil oil stake-media

-- Got food? --
380 million eggs recalled over possible salmonella tainting (US)
Cases of Salmonella From Eggs Still on the Rise
Food economy's persistent rot (India)
Afghanistan and Africa food supplies most at risk from drought & floods
Drought could force Russian grain imports

-- Oil disaster --
Senior U.S. scientist rescinds previous claim that 3/4 of oil from spill is gone, says most is still there
Gulf real estate sales suffer from BP oil spill aftermath
BP oil spill: Undersea oil remains in Gulf of Mexico
BP told to preserve blowout preventer as evidence
22-mile-long oily plume mapped near BP well site
BP accused of withholding spill data

-- Environment/health --
More evidence links pesticides to hyperactivity
US proposes wide changes in role fighting disease

-- Intelligence/security --
Young will have to change names to escape 'cyber past' warns Google's Eric Schmidt
Pentagon Denies, Then Confirms, WikiLeaks Contact
Iris Scanners Create the Most Secure City in the World. Welcome, Big Brother

-- UK --
UK sinks further into the red
Labour party on verge of bankruptcy

-- US --
Death of the 'McMansion': Era of Huge Homes Is Over
US National Guard troops deployed at Mexico border
Bond bubble or not, bonds are getting risky
Unemployment insurance claims hit 500,000 last week, the worst in 2010
Jobs Outlook Isn't Just Bad, It May Be Getting Worse
Fed Prepares To Become Top Holder Of U.S. Debt
Fed May Need to Buy More US Treasurys: Bullard
California close to running out of cash; more IOUs on the way?
Broke States Should Save Themselves By Selling Off Roads, Colleges, And Other Assets, Says Altucher

And finally... Blackwater founder Erik Prince takes 'break from America' in his new home -- Abu Dhabi

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