Monday, December 20, 2010


News Links, December 21, 2010

-- Global economic meltdown --
ECB's Trichet: Ireland must stick 'rigorously' to bailout plan
A Close Look At The World's Increasing Dependence On China
Panic, anger as Cuba plans to lay off 1 of every 10 workers
Will Surging Oil Prices Soon Spark Another Financial Crisis?
"According to the U.S. Bureau of Labor Statistics, food inflation in the United States was already 1 1/2 times higher than the overall rate of inflation during the past year. But that is nothing compared to what is coming."
UK to stop bailing out eurozone by 2015, says Cameron
Tokyo Office Rents Still Heading South
France's AAA Grade at Risk as Rating Cuts Spread: Euro Credit
Dubai World renews pledge to repay debt

-- Fault lines/flashpoints/military --
South Korea holds live-fire drill despite war threat
U.S. will take part in South Korea live-fire drill
Medvedev Joins Parade to India Chasing Weapons, Nuclear Deals
Kyrgyz Government Moves to Disrupt Jet Fuel Supplies to Key US Military Base Supporting War Effort In Afghanistan
Nato convoy ambushed in Khyber, Pakistan

-- Energy/resources --
Schlumberger Warns of Looming Shortage of Petroleum Engineers
The shortage of engineers in various professions is another sign of energy decline. It takes a lot of energy to educate and train an engineer, and energy is getting more expensive. -- RF
Projected coal shortage worse than thought (India)
Chinese endure power shortages as coal runs short
Christmas blackout looms (South Africa)
Japan's Cosmo Oil restarts CDU after power outage
Rare-Earth Mines Should Be Reopened to Ensure Steady Supplies, U.S. Says
China Steps Up Its Nuclear Program
Most of the planned nukes will never be built. -- RF
Saudi Arabian petrochemical exports rise 18% in Oct
Oil, gold and copper prices soar
S.Korea Nov crude imports up 31 pct yr/yr
Abu Dhabi sees regional threats to water supply

-- Got food? --
The high price we pay for cheap food
An scary eye-opener on Britain's food supply. -- RF
Food-safety measure passes Senate in Sunday surprise (US)
Crop loss : Australian farmers commit suicide

-- Environment/health --
In addition to a doctor shortage, Japan also has crippling nurse shortage (link in Japanese)

-- Intelligence/security/internet --
Intel to introduce processor with remote kill switch

-- UK --
Fears over homelessness in Wales as cuts bite
Cuts to council funding 'deeper in poorest areas'
Economy feels chill as UK grinds to a halt
Lifeline heating oil supply on way as freeze takes toll
12 arrested over suspected U.K. terrorism plot
Len McCluskey: head of Britain's biggest union praises 'magnificent' student protest movement
North Wales Police chief confirms 242 jobs to go
Child and working age poverty set to rise in next three years

-- US --
Must read: Peak Empire
Christie Says `Day of Reckoning' Has Arrived for States Facing Budget Gaps
Muni Bonds: The Next New Crisis?
Congress seeks government funding through March 4
Housing Disaster Update
BofA, Lenders Face Possible N.J. Foreclosure Freeze
Your Local Cops Now Use Iraq's Iris Scanners
$2tn debt crisis threatens to bring down 100 US cities
A 'Vast Domestic Intelligence Apparatus' Is Watching; Is That OK?
Word of the year 2010: 'Austerity' beats 'socialism' as Webster's word of the year
Consumers buying earings as an investment
Lots of Money for Student Loans—But at What Cost?
Carmakers File Court Challenge to EPA's Allowing 15% Ethanol in Gasoline
This Bonus Season on Wall Street, Many See Zeros
$24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015
Senate Kills Dream Act As Anti-Immigration Sentiment Grows
Largest High Grade Bond Outflow On Record
Debt Pyramid Scheme Now the Norm in US
The Rise And Fall Of U.S. Gasoline (PHOTOS)

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