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

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