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

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