Tuesday, November 30, 2010


News Links, December 1, 2010

-- Global economic meltdown --
European Debt Crisis Will Be 'Slow-Motion Wreck': El-Erian
Splits in Euro Zone Emerge Amid Debt Crisis (NYT)
EU Faces More Bailouts as Irish Contagion Spreads: Euro Credit
Contagion May Force EU to Expand Arsenal to Fight Debt Crisis
The Disastrous Consequences of a Return to the Deutsche Mark
The Euro Is Cliffdiving, And CDS Are Hitting All Time Record Spreads
Italian, Spanish Government Bonds Plunge, Sending Spreads Wider
Spanish Banks Face Funding Hurdle Amid Bailout Threat
ECB Support `Critical' for Spain as Crisis Worsens, Buiter Says
Japan industrial output falls for the 5th month in October
Bond Sales Tumbling in Worst Month Since Lehman Aftermath: Credit Markets
China to slash drug prices by 19 pct to cut costs to rein in healthcare expenses
China Approves First Overseas Gold Fund
Mexico Bonds Record Worst Month Since February 2009 on Europe Debt Crisis
Oman September inflation at 19 month high on food, housing
You Can't Make This Up: Europe Plans Fresh Round Of "Secret" Stress Tests To "Restore Confidence"
New phase of debt crisis! Striking NOW! Despite rescues!
20 Statistics That Prove That Global Wealth Is Being Funneled Into The Hands Of The Elite – Leaving Most Of The Rest Of The World Wretchedly Poor

-- Fault lines/flashpoints/military --
SKorea government mulls new military unit for five western islands
Japanese, U.S. and S. Korean foreign ministers to meet
US rejects talks with North Korea
Chinese leaders privately support a unified Korea and would not stop the North's collapse, according to leaked US cable
South Korea sees North collapsing 2-3 years after Kim's death: report
WikiLeaks confirms presence of US nuclear arms in Netherlands
Mexican troops find 18 bodies near U.S. border, including body of female police chief
Envoy's report released by WikiLeaks indicates Yemeni leaders 'lied' about air strikes to cover up U.S. involvement
Argentina wins wider Falklands blockade
Student protests disrupt Italian roads, railways
U.S. Strengthening Old Alliances in Asia Pacific to Contain the influence of China
Russia Moves Tactical Nukes Closer to NATO
Bangladesh shut down by opposition general strike
Yemen: Think things are bad now? Don't let it run out of water.
Dmitry Medvedev warns of Cold War-style arms race
'Sunspot Analyst' Sees Major Military Conflict in 2012

-- Energy/resources --
Special Report: Nuclear's Lost Generation
*Just one more reason why the nuclear renaissance will never happen.
70,000 relocated for China's water diversion plan
Peak Coal Is The Next Energy Crisis You Need To Start Paying Attention To
Are US Ethanol Producers Exporting Taxpayer Subsidized Ethanol?
Growing demand for resources 'threatens EU economy'
Germany faces massive power grid overhaul
*Renewable energy turns out to be more and more expensive.
ONGC to Invest in Biggest Oilfield to Stem 2 Decades of Decline
Saudi gas demand rising at 5-6% a year - Aramco
Oil execs: Drilling ban will hurt for years

-- Got food? --
Human Excreta May Help Secure Future Food Security
The Humanure Handbook
Vegetable prices fall under toll-free policy (China)
Supermarkets buy vegetables directly from farmers, lowering prices (China)
Inflation in Laos near 8 per cent as food prices soar
The Impact Climate Change has on Food Supplies
Largest black-market fish bust ever?

-- Environment/health --
BP Oil Well Capped, But Trauma Still Flowing

-- Intelligence/security/internet --
Forbes interview with Julian Assange
US bank is next target for major leak, says Assange
Bank of America May Be Wikileaks' Next Target
Julian Assange Says Document Dump Targets 'Lying, Corrupt and Murderous Leadership'
Interpol Issues International Arrest Warrant For Julian Assange For "Sex Crimes"
Wikileaks: State Dept. wants intel on African acceptance of GMOs
Ecuador offers refuge to Assange
*Here's as good a sign as any that Latin America is drifting out of the US orbit.
Obama weighing criminal action against WikiLeaks principals
Could US military take Wikileaks offline?
WikiLeaks hit again by DDOS cyber attack

-- UK --
Britain 'cannot afford' high speed rail, MPs told
Fuel poverty numbers rise in Scotland and Wales
More snow looms as Britain suffers winter chaos
British police warn students against violence
Cold weather prompts cash payment in Northern Ireland
Quarter of farming households' below poverty line'
I'll die in debt, say one in three

-- US --
Ron Paul to be appointed Committee Chair overseeing Federal Reserve
Was FBI grooming Portland suspect for terror?
TSA says airlines providing more passenger data
Airport Chief Says TSA Must Go
Obama Administration Will Spend Just $12 Billion Of The $50 Billion Promised To Help Homeowners Avoid Foreclosure, CBO Says
Banks Resisting Fannie, Freddie Demands to Buy Back Mortgages
Printing money causes the wrong kind of inflation
Under Obama freeze proposal, federal pay raise would continue
More than 8 million Americans stopped using credit cards
Dairy Farmers Miss Boom as Feed-Cost Surge Compounds Milk Glut
Passengers soon allowed guns on most Amtrak trains
Build America Bonds Are Officially A California Subsidy
UPS, Dow, Northrop Grumman Borrow Money to Fund Pension Plans; Massive Lies at CalPERS to Hide Pension Losses
Deflationary Hurricane Will Slam Into U.S. Economy, Charles Nenner Says
*Also says Dow will crash to 5,000.
BofA Mortgage Morass Deepens After Employee Says Trustee Didn't Get Notes
US Mint Sells Record 4.2 Million American Eagle Silver Coins In November
Last unemployment check is in the mail

Monday, November 29, 2010


News Links, November 30, 2010

-- Global economic meltdown --
What a Spanish bail-out would mean for investors
The Eurozone Endgame: Four Scenarios
European CDS Bloodbath Increasingly Threatens Core
France, Germany say euro saved but investors skeptical
France seizes €36bn of pension assets
EU rescue costs start to threaten Germany itself (Ambrose Evans-Pritchard)
"You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver."
Dennis Gartman: 'Eventually, the Euro Breaks Apart'
Irish Bailout Brings No Relief: Euro Falls, Shorts Target Portugal and Spain
Irish taxpayers fume bailout is for the elite
Ireland: From rags to riches to rags
Warning Signs Are There for Italy
Roubini: Portugal Should Consider Rescue
European Companies Cut Debt Most Since '03 as Earnings Jump 46%
Irish Rescue May Provide Short Relief for Markets: Euro Credit
Irish to Pay 5.8% for Bailout as Taxes, Senior Debt Protected
ECB Open Market Bond Purchases Nearly Double In Latest Week , Surge In Past Month As Bond Monetizations Spike
Puts bet China's stocks will plunge
Authorities Worldwide Clamp Down on Insider Trading
40% Of Firms Filing Under Corporate Rehab Law Go Under (Japan)
Japan Finance Ministry wants to cut government contribution to pension program

-- Fault lines/flashpoints/military --
North Korea Attack: South Korea Leader Lee Myung-bak Vows Consequences
Workers recalled from abroad as North Korea prepares for war
South Korea cancels Yeonpyeong island drills
South Korean president: no point in being patient with North Korea anymore
Japan to reject China's Korea talk plan: report
WikiLeaks Reveals Iran's Secret, Worldwide Arms Hunt
Wikileaks cables reveal China 'ready to abandon North Korea'
Iranian nuclear scientist killed in bomb attack
Attack on Iranian nuclear scientists prompts hit squad claims
World migrants could total 405 million by 2050
Baghdad needs $100 billion for new homes: mayor
Four years on, drug war bleeds Mexican heartland
Blasts heard in restive Kyrgyzstan city
Emirates, Bahrain seek U.S. rocket systems
Okinawa governor demands removal of US military base in Japan
Egyptians Riot, Burn Cars, Claiming Vote Fraud
Japan's influence fading, 42% of Asians say: poll
Chavez opens his palace to Venezuelan homeless

-- Energy/resources --
Middle East OPEC reserves revisited
Copper: the NEW 'Poor Man's Gold'
Mexican Drug Violence Threatens U.S. Energy Supply, Edmonds Says
"Pemex has abandoned three or four meaningful gas production fields in Northern Mexico as a result of rampant gang violence."
German CDU Wants Curbs on Solar Capacity Growth, FTD Reports
Sunsetting of federal cash grant darkens solar industry's prospects (US)
Reality Check for the Miracle Biofuel Crop Jatropha
Talk of $100 Oil Returns as Options Jump Most in 3 Months: Energy Markets
Mexico, Peak Oil, and Immigration
Slow progress on clean coal projects (Australia)

-- Got food? --
A warning for food supplies (Bangkok Post)
High food prices affect the global poor in surprising ways

-- Environment/health --
Unprecedented tundra fire likely linked to climate change
Cancun climate change summit: scientists call for rationing in developed world

-- Intelligence/security/internet --
Wikileaks and the failure of cyberattacks as censorship
Top GOP congressman says WikiLeaks should be named terrorist organization
Iran admits cyber attack on nuclear plants
U.S. Chases Foreign Leaders' DNA, WikiLeaks Shows
Israel names Iran expert as new Mossad chief
Italy requiring migrant language skills
English test for UK foreign spouses
DHS & TSA: Making a list, checking it twice

-- UK --
Londoners to Face `Severely Disrupted' Commute as Strike Begins
Lewisham Town Hall protest broken up by riot police

-- US --
He keeps energy flowing, but worries about the future
American exceptionalism: an old idea and a new political battle
*Political pandering is alive and well.
Stunning: Lies Across America
"The sh*t is so deep you can stir it with a stick."
Coupons Make A Comeback Amid Downturn
Debt Forgiveness May Be the Only Way Out for U.S.
Another Week, Another $757 Million Of Insider Sales
Buyers Flock To Ridiculously Small Homes During Downturn (PHOTOS)
Obama proposes freeze in federal worker pay
GDP Is Almost Worthless
Government trying to block cell phones in cars
Eating disorders rising fast among young kids
Should states opt out of Medicaid?
Silver Prices Surging on Near-Record Demand
Foreclosure scandal impact: Sales dry up

And finally... Cost of 'The 12 Days of Christmas' items spikes this year, nearing $100,000

Sunday, November 28, 2010


News Links, November 29, 2010

-- Global economic meltdown --
EU approves €85 billion bailout for Ireland
Ireland must find €17.5bn from its pension fund and reserves for bailout
Olli Rehn: No Haircuts For Senior Bondholders
Tens of thousands of Italians march on Rome to protest bleak job outlook
The mood turns ugly in Europe
Low-income groups feel the pinch under soaring prices (China)
Rising labor shortage hits China's delta regions
Spanish Banks Are So Desperate For Funding They're Offering 5% Interest On Deposits
Zapatero Pledges to Change Spain's Labor Rules, Pensions, Energy
Property developers are China's worst performers
Dubai May Sell Shares in Some of Its Largest Companies, Sheikh Ahmed Says
Dubai Is Now on Sound Financial Footing, Fiscal Panel's Sheikh Ahmed Says
GRU demands cost cuts in 850 areas (Japan: Cut, cut, cut)
Global Poverty Doubled since 1970s: UN
'Bank Run 2010′ aims to end 'criminal, corrupt' financial system

-- Fault lines/flashpoints/military --
N. Korea preps missiles amid U.S. war games
China seeks emergency meeting on Korea
U.S. consulting allies on proposed North Korea talks
North Korea's undercover journalists reveal misery of life in dictatorship
Pentagon hunting for permanent home for U.S. Africa Command
Japan spots Chinese vessels near disputed islands: report
Hugo Chavez says Russia lends Venezuela $4 billion for arms
Brotherhood would cut Egypt-Israel ties
Japan anti-base governor re-elected in Okinawa
Russia: No Missile Defense Proposal Made to NATO
Pakistan forcing Taliban militants to keep fighting, Karzai says in leaked cable

-- Energy/resources --
2010 crude steel consumption to hit 596m tons (China)
Abu Dhabi Raises January Oil Supply Allotment to Asia
Nigeria Oil-Region Fighting Threatens Production in Challenge to Jonathan

-- Got food? --
China's Dangerous Food Crisis
Spike in vegetable prices sparks calls for an industry overhaul (China)
Fearing unrest, Beijing tries to keep a lid on grocery prices
China placates students who rampaged over food price increases
China May Sell More Rapeseed Oil From Reserves to Cool Price, Analyst Says
Russia may sell half intervention fund grain to keep prices steady

-- Environment/health --
'Things look pretty bleak for the polar bear'
A billion people will lose their homes due to climate change, says report

-- Intelligence/security/internet --
U.S. Expands Role of Diplomats in Spying
Wikileaks sparks worldwide diplomatic crisis
Saudi king urged U.S. to attack Iran: WikiLeaks
'Chipped' Detainees, Iran Mega-Missiles And More in Latest WikiLeaks
Newspapers Reveal Diplomatic Cables, While WikiLeaks Buckles Under Cyber Attack
Israel recruits citizen advocates in Europe

-- UK --
Headteachers launch protest as Michael Gove takes axe to school sports budget
Weather: big freeze plunges Britain into snow chaos
Coldest November night on record in parts of UK
Wales' coldest night in 89 years as more snow is forecast
'Quarter of all Welsh homes in fuel poverty'
Aircraft carrier HMS Invincible is put up for sale
Oxfordshire council's £86,805 pothole payout to drivers

-- US --
Ravitch is right, New York's long-neglected transportation infrastructure needs cash -- and soon
Credit card debt in America
The War in Afghanistan is Not about Afghanistan
Smart Money Preparing For Sell Off Like Never Before
Oregon: FBI Thwarts Own Car Bomb

Saturday, November 27, 2010


News Links, November 28, 2010

-- Global economic meltdown --
Europe set to approve bailout for Ireland
Ireland bailout protest draws 100,000 to Dublin streets
A "Who Is Who" Of Countries About To Fund The IMF's Bail Out Of Europe
Young Portuguese go abroad as bailout looms
The Euro Zone's Timeout Is Expiring!
Bank of Japan logs 160 bil. yen net loss for April-Sept., biggest since 1998
Short Sellers Could Drive Portugal Debt To Breaking Point
European trade demands angering Africa

-- Fault lines/flashpoints/military --
Brazil Gang Crackdown: Rio Slums See Cop, Troop Buildup
Brazil braces for more violence
Rio cops, troops preparing to invade gang haven
South Korean protesters demand government retaliation
Pentagon to test 2nd near-space strike craft
Deficit-Buster Proposals Won't Work Without Changes in U.S. Defense Strategy
View from Berlin: Putin's Free-Trade Proposal Is 'Just a Smokescreen'

-- Energy/resources --
N China province in severe power shortage
China May Become a Net Importer of Diesel This Month, JPMorgan Chase Says
China said ready for big oil sands move
Huge Chinese Demand to Drive Uranium Export Boom
China's October Oil Demand Climbs 11.8% on Year to 8.95 mil b/d
Iran's Bushehr nuclear plant to launch by January
Ukraine to Boost Oil Import from Russia, Cut Tariffs at Ports

-- Got food? --
China puts 8.5 million tonnes of grain reserve on market this week
UAE firm focuses on developing farmland abroad
Food Price Inflation At The Consumer Level (US)
Russia May Need 5 Million Tons of Grain Imports, Producers Say

-- Environment/health --
Alaska Gonorrhea Outbreak Continues, Officials Say Fight Is Uphill Battle

-- Intelligence/security/internet --
U.S. Shuts Down Web Sites In Piracy Crackdown
US Homeland Security shuts down dozens of Web sites without court order
They may know more about you than you think... (UK)
China Internet Hijacking May Have Been Smokescreen for Targeted Attack
India, world brace for new WikiLeaks flood
Aussie bank's computer glitch leaves millions without money

-- UK --
Snow and ice predicted for Scotland and northern England
More heavy snow falls across the UK
Third of Scots 'living in fuel poverty'

-- US --
US teenager held in Oregon over Christmas 'bomb plot'
FBI apparently set up US teen blamed for fake car bomb
Is squirrel the perfect austerity dish?
Front-Line City in Virginia Tackles Rise in Sea
Just when needed, local colleges are full due to budget cuts
Imagine A Saturday Without Mail
A Different Legal System for the Rich: Imagine Getting Off Easy for Hit-and-Run Because You Run a Hedge Fund
Several Lawmakers Invested in L-3 Communications, Maker of Airport Body-Scanning Machines
Zodiac actor placed on terror list for opposing oil drilling method

And finally... Funeral directors most likely to laugh at Christmas cracker jokes

Friday, November 26, 2010


News Links, November 27, 2010

-- Global economic meltdown --
Euro-Zone Debt Crisis Escalates (WSJ)
Debt turmoil, contagion fears sweep Europe
Gold steady; eyes $1,400/oz on Europe, Korea worries
China bans hoarding of oil, coal to cool prices
Prices drop in Japan for 20th month
Portugal approves austerity budget
Portugal Denies Report on Bailout, Eyes Budget
EU denies Portugal in line for aid package
Ireland Races to Secure Weekend Aid Deal Amid Bank Concern
IMF/EU Mull Hit for Irish Bank Bondholders: Report
Irish Banks Downgraded Over Bondholder Rumors
Spain rules out bailout package
Next Debt Crisis May Start in Washington: Bair
Think BIIGS: There's One Euro Country Under the Radar
Putin proposes Russia-EU union; Merkel says she'll pour "cold water" on the idea

-- Fault lines/flashpoints/military --
Rio Police, Troops Take Over Crime Stronghold After Unrest Leaves 21 Dead
U.N. Takes Stand Against Freedom of Speech, Religion: This Week in Online Tyranny
North Korea Warns: 'Brink Of War'
Pyongyang Tests China's Patience
China works to ease North-South Korea tension
China Warns US, South Korea Against Naval Drills
Saudis trumpet al-Qaeda arrests
Egyptian official: Mossad behind riots
Syrian FM warns of war with Israel
Russia to continue anti-piracy missions in Gulf of Aden - Medvedev

-- Energy/resources --
Coal India Will Purchase Overseas Mines to Meet Import Demand
China to build more gas reserves in 11 areas
Coal Demand Fueled By China's Growing Energy Needs
Why China is an energy consumption hog

-- Got food? --
Brazil's Plan to Raze, Replant Sugar Crop May Worsen Global Supply Deficit
Food prices drive China's inflation rate to two-year high
Chinese pupils trash dinner hall in protest at cost of meals
Urbanisation will put our food supplies under pressure (Australia)

-- Environment/health --
World May Record Warmest Year as U.K. Meteorological Office Adjusts Data

-- UK --
Low income Londoners 'hardest hit' by taxes and cuts

-- US --
US Banks Are Now Actually Hoarding Funds
Post Office Cuts Cause Economic, Emotional Blow
Poor Schools Continue To Have High Rates Of Unqualified Teachers
Exuberant crowds crowd Black Friday
Rich Americans Ditch Home Ownership For Renting
A Majority Of Americans Believe The US Government No Longer Operates Within The Constitution
UPS Bonds Fight `Fire With Fire' to Fill Pension Gap

Thursday, November 25, 2010


News Links, November 26, 2010

-- Global economic meltdown --
ECB May Be Forced to Delay Exit Again as Europe Debt Crisis Grows
Angela Merkel: Euro Will Survive Debt Crisis
Nigel Farage To European Parliament: "The Euro Game Is Up... Just Who The Hell Do You Think You Are? You Are Very Dangerous People"
Analysis: Thinking the unthinkable -- a euro zone breakup
Germany Rejects Plan to Boost Bailout Fund
Iceland bank chief says euro still a 'good option'
Number of Canadian seniors living in poverty soars nearly 25%
China to intensify liquidity management: Central bank
Burst pipes a sign of aging infrastructure (China)
*Crumbling infrastructure is not limited to developed countries.
Ireland Unveils Harshest Cuts, Tax Hikes In History
Irish Stocks Plunge, As 10-Year Yield Now Exceeds 9%
Irish Economy Better Off Than Greece: Strategist
Moody's puts some Irish bank ratings under review
Market Pros: Europe Woes Near Tipping Point?
How long before foreign investors sour on India?
China and Russia Dump Dollar in Mutual Trade - No Big Deal in the Short Run
Italian students occupy Pisa's tower, Colosseum in protest
China welcomes growing African trade, but not the Africans who facilitate it
Spain Bailout Would Spell Trouble for the Euro
Debt Clouds Recovery in Dubai (WSJ)
A year later, Dubai's debt worries persist (MarketWatch)
Hungary Follows Argentina in `Nightmare' Pension-Fund Ultimatum
The Collapse of the Yen: The Party Has Started

-- Fault lines/flashpoints/military --
Kremlin says eyeing new naval bases abroad
Mexico Sending More Troops To Zone Next To Texas
Rio de Janeiro gun battles leave at least 14 people dead
Brazil Marines join slum battles, 30 people killed
Military vehicles enter Brazil slum
India test-fires nuclear-capable ballistic missile
North Korea threatens more attacks on South
China Won't Help U.S. On North Korea, And Here's Why
Afghan, Pakistan agree on coordinated anti-drug raids
CNN got leaked Japanese video first, chucked it
'No One Wants a Total Collapse' of North Korea

-- Energy/resources --
OPEC Says It Won't Necessarily Boost Supplies If Crude Oil Reaches $100
Dryships Seeks 4 New Ultra-Deepwater Drillships for $2.4B
"We see strong demand for state of the art ultra deepwater drillships and are confident of customer demand for these drillships."
China to get tougher in energy saving: officials
China's energy drive: back on track
"Beijing has set an ambitious target to reduce the intensity of energy use in China - and so desperate is the desire to meet it that in one town in Hebei thousands of traffic lights were shut off for more than a week this year."
The Coal Situation in Asia
Russian coal exports to China to total 12 million tonnes for current year
Forget a Potential Oil Shortage: A shortage of this Mineral (Phosphorus) Would be Much Worse
Abu Dhabi completes oil pipeline
Power crisis looms without lower use (Thailand)
Must read: How sustainable is renewable energy?
*This is exactly what I've been saying for a long time. Installing much renewable capacity now will help us achieve a soft landing, but it won't save industrial civilization.

-- Got food? --
Rising food prices turn regular city residents into farmers (China)
China Pushes for More Crops to Rein in Food Prices
Scientists worry North Pacific salmon may run out of food

-- Environment/health --
Gulf spill: Tar balls spark partial shrimping ban
2010 on course to be joint hottest year since 1850

-- Intelligence/security/internet --
Profit Ties between Phony Terror Alerts, Airport Security and L-3 Communications
Ex-Sec. of Homeland Security: Use my nude scanners or be sexually assaulted

-- UK --
UK to launch 'happiness' index
Spending cuts: Councils 'to lose 140,000 jobs'
Students continue university occupations

-- US --
Rising tide of unemployed graduates try to market skills
Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!"
Did TSA cave on scanners for Thanksgiving rush?
"'Noticeably subdued' airports suggest people opting out of flying altogether"
Thanksgiving: A Time to Think about Gift Economies?

And finally...
The importance of careful planning: German retiree bricks himself into his cellar
The importance of checking references: Pizzeria tricked into making 178 pizzas
Don't let this happen to you! Pensioner who didn't trust banks loses entire £80,000 life savings after leaving cash on roof of his car

Wednesday, November 24, 2010


News Links, November 25, 2010

-- Global economic meltdown --
China, Russia quit dollar (China Daily)
Much Ado About Nothing: China, Russia Drop Dollar In Bilateral Trade
Chinese State Firms Poised to Double Dollar Bond Sales
"China's state-owned companies may turn to the global bond market to finance a surge in overseas acquisitions as the yuan appreciates and regulators curb access to domestic bank loans."
China Steps Up Efforts to Contain Growth
What Happens When China Collapses?
Foreign-owned firms accounted for 91% of Ireland's tradeable exports in 2009
Ireland Rating Cut Two Steps by S&P as `Barbarians' Gather
Irish government unveils harsh austerity budget
Portuguese unions set for strike to protest austerity measures
The Euro Is Not in Trouble: Eurogroup President
Fears of Domino Effect Pervade Europe
The World Lies in China's Orbit (Niall Ferguson)
Spain Begins $18 Billion Power-Bond Sale Program as Yields on Debt Surges
For Europe's Future, Spain Is All that Matters
It's Official: There Is Not Enough Money To Bail Out Spain
Belgium joins financial markets' hit list
"Belgium has joined Portugal, Spain and Italy on the hit list of countries that could be heading for financial crisis."
Euro-denominated gold hits highest since June
First UAE developer files for bankruptcy

-- Fault lines/flashpoints/military --
US and S Korea to hold war games
U.S. aircraft carrier heads for Korean waters
Super-Silent Jimmy Carter Ready to Spy on North Korea
Comparison Of North And South Korea's Military Capabilities
North Korea says South Korea fired first
U.S.: Afghan violence soaring, insurgency expanding
Russia sells Su-35s to China
Rio drug gangs battle police, 13 people killed
Rash of Rio violence rattles even hardened residents in Brazil's World Cup host city
Thailand orders more Gripen fighters
Full cost of European missile defence could run to billions
U.S. forges $60B arms deal with Saudi Arabia
Haiti Election: Theatrical Prelude to Colonization
Is America on the path to 'permanent war'?

-- Energy/resources --
Economic Implications of IEA's Lowered Oil Estimates (Chris Martenson)
Saudi Arabia May Double Oil Use by 2023, Cut Exports, ACWA Says
China's Hunger for Wood Raw Material Pushes Timber Prices Upward
China's Saudi oil imports seen up 11% next year - sources
Cuba deal boosts China's Latin American oil plans
India Preps for an Energy Grab
Coal India in Talks to Buy Mines From Massey, Peabody
Deal of the day: India's JSW Energy snaps up Botswana coal assets
Steve Forbes is wrong: The world is not awash in energy

-- Got food? --
World stands on the brink of food crisis (Pravda)
USDA Announces Latest Actions In The Eastern Livestock Company Failure
The growing problem: Canada slips from agricultural superpower status
Rice Prices May Gain as Thailand Cuts Crop Outlook on Floods, Theera Says
Food safety bill 101: What are the facts and myths? (US)
Latest exposé shows the egg industry's problems are widespread and systematic (US)
No Arsenic In Pardoned Turkeys, But It Might Be In Yours (US)
Record Wholesale Turkey Prices May Just Be the Beginning (US)

-- Environment/health --
More Oil From BP Spill Chemically Dispersed: NOAA
Haiti cholera spreading faster than predicted: U.N.
Natural Gas: Worse Than Coal & Diesel In Greenhouse Emissions?

-- Intelligence/security/internet --
WikiLeaks Diplomatic Cable Dump Reportedly Imminent
Flier hauled off plane over too many bathroom breaks
Former US intelligence chief says cyberattack is inevitable
Biometrics seen as ultimate secure ID
Next step for tight security could be trains, boats, metro (US)
German Police Want Army to Help Protect Public

-- UK --
Funding body's 'concerns' on future of five Welsh unis
David Cameron warns of 'huge' influx of Irish migrants
Chinese inflation is about to hit Britain
Freezing temperatures trigger first cold weather payments
UK weather forecast for snow and prolonged cold spell
Fees protests 'reflect young people's anger'
Unions claim that 150 post offices have closed already this year

-- US --
Black Friday: A Festival Of Greed In The Midst Of A Sea Of Pain And Suffering
Debt panel's Social Security fix: Raise taxes, cut benefits
Granite countertop craze has cost US more than Gulf War
TSA advertises jobs on pizza boxes
29 Consecutive Equity Mutual Fund Outflows
99ers: The unemployed need help!
October durable goods orders drop 3.3 percent
Thanks for nothing, Corporate America
New home sales: Down 80% from the boom

And finally... Vladimir Putin hails 'real man' Leonardo DiCaprio

Tuesday, November 23, 2010


News Links, November 24, 2010

-- Global economic meltdown --
Ireland Gets €85 Billion, As ECB-Germany Schism Becomes Acute
Can the Euro Still Be Saved? (Spiegel)
Portugal next as EMU's Máquina Infernal keeps ticking (Ambrose Evans-Pritchard)
Irish Rescue Plan Shifts Focus to Portugal, Spain
Spanish Officials Try To Stem Fears as Funding Costs Surge
Merkel Points to `Serious' Bailout Risk as Spanish Bonds Drop
Irish prime minister expected to get austerity budget through
George Osborne's £7 billion offer to 'friend in need' Ireland
Greece Will Need `Extra Effort' to Meet 2011 Deficit, EU-IMF Say
European Bloodbath Intensifies As Spanish Bond Yield Hits All Time Highs, EURUSD On Verge Of Going Bidless
Doug Kass: Jaw Dropping Prediction For 2011
New Rules Hit Hong Kong Property
China Inflation May Be Too Hot for Controls Amid Cash Glut
China's Banks Said to Near Yearly Loan Quotas, Halt Growth
South Africa Aims for Weaker Rand
The End Of The Dollar Carry Trade? Presenting The Dollar Short Panic In A Burning Theater
China Allows Yuan to Start Trading Against Ruble
Japanese students stage rally to protest time-consuming job-search 'farce'

-- Fault lines/flashpoints/military --
North Korea Attacks South Korea: Populated Yeonpyeong Island Shelled By Artillery
South Korea president warns North of "enormous retaliation"
Japan on High Alert Following North Korea's Attack
New York Times says Afghan Taliban "leader" in its report a fake
Brazil unveils massive navy buildup plans
Syria's nuclear stonewalling deepens: IAEA report
Iran Parliament Impeachment of Ahmadinejad Blocked by Khamenei, WSJ Says
US, China, Russia resisting pact against cluster bombs

-- Energy/resources --
Australia commits to rare earths supply to Japan
Nigeria militants say attack pipeline to refinery
Gulf oil spill: Offshore drilling firms threaten to go abroad
China Oct coal imports up 11.5 pct on year
Thailand's PTTEP in $2.3 Billion Canada Oil Sands Deal
Chevron's CFO on the gulf spill and the future of fossil fuels
OPEC Doesn't Need to Increase Production, Oil at $100 `Fair,' Ramirez Says
The Hype Surrounding Grass as an Alternative Energy Source

-- Got food? --
Food becomes strategic
China's rising food prices a sign of deeper concerns
"So steep are the rises that in Haikou, in Hainan province, newspapers showed photos of people planting vegetables in municipal flower beds to supplement their incomes."
UAE, Saudi eye more farmland leasing overseas

-- Environment/health --
When the lights go out, we'll all sleep better at night
Mountains of rubbish return to plague Naples
Air pollution exceeds safety limits in big Asian cities: report
Iran: Pollution causes shutdown in Tehran
This Is What It's Like to Sail in the Pacific Trash Vortex
Let Loose the Coyotes? Chicago Embraces Rat-Hunting Predators

-- Intelligence/security/internet --
The TSA Protection Racket
Poll: Majority oppose body scans, nearly half seek alternative to flying
TSA pat downs: 'Horrible' screener job gets worse
China Probably Didn't Hijack the Internet on Purpose, Researcher Says
Pharma researchers working on drug to erase your memories

-- UK --
Cuts mean schools 'could struggle to maintain services'
Rail fares up by average 6.2% in new year
Migrant workers to be cut by a fifth

-- US --
The Beginning Of The Ponzi End: As Of Today, The Biggest Holder Of US Debt Is Ben Bernanke
FDIC: 903 banks in trouble. What to do …
Countrywide's Mortgage Document Errors May Doom Bank of America
The Good, The Bad, And The Insignificant: Shadow Foreclosures Surge
"The news, added to RealtyTrac data which shows that foreclosures remain above 300,000 a month, points to the fact that there is absolutely no recovery in the housing market."
Why Stocks May Have Seen All Their Gains for This Year
Think Google knows your secrets? Meet Yodlee
Poverty Soars in California
*As usual, a great analysis by Gregor Macdonald from an energy perspective.
United STRAITS of America: The Muni Bond Crisis Is Here
Mayors measure effect of belt-tightening on quality of life (Cut, cut, cut)
Lame-duck Congress's first task: avoid a government shutdown
Uncle Sam's GM Pump And Dump Scheme A Success
I Believe: 'For us to survive and thrive in a new century, we must peaceably dismantle the United States of Empire'
Here's A Rundown Of Everything That Just Happened In The Huge Insider Trading Scandal
Insider Trading Is "Everywhere," Matt Taibbi Says: "The Fear Is There's No End to It"
Millennials say they are driving less
Housing Inventory Enormous- Both Seen And Unseen
More White House Economic Advisers to Step Down

And finally... Pentagon seeks flying snakes' secret

Monday, November 22, 2010


News Links, November 23, 2010

-- Global economic meltdown --
€90bn Irish bailout ends in turmoil – now Europe fears crisis will spread
Irish general election looms amid economic crisis
Moody's Expects Multi-Notch Downgrade Of Ireland
Ireland bail-out: British banks hit as Irish rescue falters
Jim Rogers: "Ireland Should Go Bankrupt"
European Default Swaps Index Converges With Emerging Markets: Euro Credit
Portugal Default Risk Rises After Irish Rescue on Concern Over Debt Levels
Will Europe's Dominoes Tumble Towards America?
Hong Kong's new property rules hit developer stocks
China doubts rise for Australia mining investors
Too many grads compete madly for too few jobs (China)
Thai economy back in recession, contracted two consecutive quarters
Is China Betting Against a U.S. Housing Recovery?
US Banks Face $100 Billion Capital Shortfall
Big Banks Could Face Multibillion-Dollar Shortfall: Another Excuse to Restrain Lending?
Air Travel in India Surges 15%
The Coming Euro Split
While The U.S. Prints And Spends, Russia Loads The Boat With Gold...
Consumer Loans Marked Record Plunge In September (Japan)
Supermarket sales down 23rd month (Japan)
Construction activity in Central London at lowest level in 20 years

-- Fault lines/flashpoints/military --
Spanish Tuna Boat Repels New Pirate Attack in Indian Ocean
Three Chinese warships dispatched to escort cargo vessel after pirate attack
Japan Deployment Near Isles Might Worsen Frayed China Relations
Seoul may consider bringing back US nuke arms
India to spend heavily on new stealth fighter
Morales: U.S. seeks excuse to meddle in Latin America
Could Stuxnet Mess With North Korea's New Uranium Plant?
Germany to abolish compulsory military service to cut €8bn off defence budget
Russia 'gives Iran top new radar'
Poland to host U.S. jets and C-130s
US Navy to disband two security squadrons to cut costs
Japan 'absolutely cannot tolerate' N Korea's nuke development, says PM

-- Energy/resources --
PetroChina to Import 200,000 Metric Tons More Diesel to Ease Shortfall
China changes from coal exporter to major importer
The Chinese Coal Monster - running out of puff
China's October Oil Demand Climbs 11.8% on Year to 8.95 mil b/d
China's natural gas demand to exceed supply by over one-third in 2011
Mexico regulator rejects Pemex oil reserve estimate
"Mexican regulators rejected a huge chunk of state oil monopoly Pemex's estimate of how much oil and gas the country has, calling into question the long-term sustainability of the industry."
The messy side of energy efficiency: finance
"Implementing energy efficiency projects at the scale we need will require large sums of money moving through our financial system."
China PM set to sign Russia energy deals

-- Got food? --
Seed behemoth Monsanto stumbles into antitrust trouble
Australia Aims to Address Farmland Foreign-Ownership Fears
Why You Should Be "Extremely Scared" by China's Food Price Inflation
UAE seen needing agri investment, meets only 37% demand

-- Intelligence/security/internet --
WikiLeaks release: Why law is powerless to stop WikiLeaks from publishing
WikiLeaks: New release 7 times size of Iraq logs
US launches giant eavesdropping satellite

-- UK --
Ministry of Defence warns that Somali pirates threaten UK gas and oil supplies
Fly on the wall has become surveillance TV
Rural passengers face lost services and higher fares
450 civilian jobs to go at Northumbria police

-- US --
6 NY Highway Rest Areas Closing
California's water woes worsen
Social Security, Medicare Face The Age Of Austerity
Joe Sixpack Sits in the Economic Dumpster
TSA workers face verbal abuse from travelers
Those Refusing TSA Search May Face $11K Fine
Insider Selling To Buying Ratio Approaches Five Digits, Hits Record 8,280x In Week Ending November 19
Al Gore: Votes, not science, led me to back corn ethanol
Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0
U.S. Banks Will Close 5,000 Branches in 18 Months, Meredith Whitney Says
Another hit to states: Interest payments to Uncle Sam

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