Wednesday, December 01, 2010


News Links, December 2, 2010

-- Global economic meltdown --
The sinking ship of Japan
*Holy debt -- Just look at these charts! Japan's goose is cooked.
Japan Real GDP Shrank 0.5% In October: JCER
New vehicle sales plunge 30.7% in November (Japan)
New bank loan interest rates hit record low in October (Japan)
European Crisis Spreads to Core as Belgian Bond Yields Surge
Portugal May Be Cut by S&P Amid Concern It May Need EU Bailout
Why European Debt Defaults Are Necessary
Spain to Sell Stake in State Lottery, Eliminate Jobless Benefit
The Big Picture: Is Gold Going to $4,500?
China needs 25 million new jobs annually in next 5 years
Vietnam will impose price controls on certain commodities
BoJ's Suda Sees Economic Contraction In Q4
Tata Nano car sales sink by 85%
ECB Could Send Major Message to World Markets Tomorrow
Dylan Grice: There Are Three Steps To Every Financial Crisis And Europe Is On The Brink Of The Third
US Ready to Back Bigger EU Stability Fund: Official
Ireland's Debt Servitude (Ambrose Evans-Pritchard)
Hungary Bonds Extend Record Slump as Government Clashes With Central Bank
"Portugal Insolvent" says Citigroup Chief Economist; Why Ireland Will Default
Portugal Sells 12 Month Paper At Disappointing 5.281%, As Germany Holds Another Failed 5 Year Bond Auction

-- Fault lines/flashpoints/military --
North Korea: U.S.-South drills may trigger war
US deploys 'game-changer' weapon to Afghanistan
Al Qaeda finds in Yemen a society ripe for infiltration
Putin Warns Russia May Build Nukes if U.S. Doesn't Ratify Treaty
Dubai will 'never end trade with Iran'
Big US-based arms companies likely to create record in arms sales worldwide this year

-- Energy/resources --
France Sees Record Electricity Use On Big Freeze
"Electricity consumption in France is likely to reach an all-time record on Thursday."
EU over-consumes resources, agency says
Uranium Miner Cameco Fights Floods, Skepticism as Global Supplies Dwindle
BP to dig Canadian oil sands
Saudi Arabia, Kuwait Seek Gas to Supplant Use of Oil for Power
Nuclear power 'failing' price test (Australia)
Peak coal is moving closer too

-- Got food? --
Going green with fleets in challenging times
"A long recession and slow recovery have put financial pressure on every link in the cold chain."
*Here's a disaster in the making, and hardly anyone sees it coming. When links start snapping in the energy-intensive cold chain, it will seriously exacerbate food shortages.
Africa Mulls Biofuels As Land Grab Fears Grow
10 Skills Needed to Thrive in a Post-Collapse World

-- Environment/health --
Northern Europe freezes, Cyprus in drought
US government announces extension to gulf drilling ban 'after BP spill'
CancĂșn climate change summit: Japan refuses to extend Kyoto protocol
UN Rules Out Extending Kyoto CO2 Limits This Year, Hurting Carbon Market

-- Intelligence/security/internet --
China arrests hundreds of hackers, says situation "grim"
Singapore drones to be deployed
Race Is On to 'Fingerprint' Phones, PCs
FCC Chief Backs Some Rationing of Internet Traffic
WikiLeaks website, pummeled by attacks, loses home
Wikileaks Reopens In Sweden

-- UK --
Metal thefts in Wales putting public 'at risk'
Millions of adults will be forced to juggle work with caring for their ageing parents in future
UK snow-readiness audit ordered as travel chaos takes over country
Britain closing down as weather gets worse

-- US --
National debt: Will anyone buy Obama panel's bold plan?
Social Security cuts are part of deficit plan
Fed Data Show Firms on the Brink
Fed Discloses Details of $3.3 Trillion in Crisis Loans
Fed made $9 trillion in emergency overnight loans
Millions To Lose Unemployment Benefits
Case-Shiller Data Confirms Opinion That Second Dip in Home Prices Is Underway
Deficit Commission's Proposals Could Hit Commercial Real Estate
Servicer-Driven Foreclosures: The Perfect Crime?
"A significant number of their clients facing foreclosure has made every single mortgage payment."
Government agency warns employees that looking at Wikileaks could be a criminal offense
Obama's Justice Department Manufactures & Arrests Another "Muslim Terrorist"
Health care costs for retirees could top $100,000

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