Thursday, December 30, 2010


News Links, December 31, 2010

-- Global economic meltdown --
Japan's New Budget Gives A New Meaning To The Word "Unsustainable"
The Present: On the Brink of Disaster
A very grim assessment from the Daily Reckoning, but the situation is actually much worse, as factors such as peak oil, crumbling infrastructure, too many people hankering after extravagant lifestyles, and peak complexity are not taken into account. -- RF
New Look for Mecca: Gargantuan and Gaudy
End Game: The Euro As a Concept Is Finished
Estonia, The Last Passenger on the Titanic
Covered Bonds Hit Record $356 Billion
As Irish ECB Borrowings Surge, The Country's Bank Run Picks Up Speed
More than Y82 tril in banknotes kept at Japanese households, businesses
Everyone is building up a cash position. -- RF
More Chinese companies buying out Japanese companies, turning around falling fortunes
China continues using its barrel of cash to buy up Japan. -- RF
Nakheel gets Dubai government cash to repay $750m sukuk

-- Fault lines/flashpoints/military --
Venezuela's Chavez devalues bolivar currency again
Bolivians in streets to protest fuel hikes
Bolivia's Morales scrambles to stem crisis over massive fuel price hike
Blast outside Athens court building, no injuries
Iran halts oil sales to India
Iran Currency Gridlock May Raise Oil Import Costs For Refiners in India
On U.S. request, India shuts payment route for Iran oil imports
US withdraws Venezuela envoy's visa
Countless Juarez residents flee 'dying city'
Once A Mexican Tourist Town, Now No Man's Land
North Korea Boosts Special Forces, Deploys New Battle Tanks
Russia calls on Koreas to stop "muscle flexing"
Mexican drug traffickers set up new cells in Central America
India interested in Apaches
EU Could End China Arms Embargo In Early 2011

-- Energy/resources --
Desire Petroleum in Falklands oil setback
Palm Oil Ends 2010 at Highest in 15 Years on Vegetable Oil Supply Outlook
Buenos Aires swelters amid heat wave, power outages
SKorea government aims to prevent power shortage as winter sets in
Central China to face 8 mln kw electricity shortage in Jan 2011, State Grid
Japanese prefecture aims for fuel-cell 'Silicon Valley'
The Japanese are inveterate believers in hi-tech solutions. -- RF
Why Natural Gas is Setting Up for a Big Short
Leviathan Gas Discovery Could be The Mother of All Resource Curses
Arabs Supplied 78% of Japan Crude Oil Needs in November

-- Got food? --
Soybeans Advance, Reversing Losses, as Argentina Drought Concerns Persist
What Is in Fast Food? A Newly Discovered Reason to Avoid Fast Food
Ethanol Rises to Eight-Week High as Corn Extends Rally

-- Environment/health --
Zebra mussels, scourge of the Great Lakes, invade Texas
Queensland Floods Hit Mines, Crops, May Cost Billions
Tokyo scorchers up nearly 50-fold

-- Intelligence/security/internet --
Lone-Wolf Plots Alter U.S. Anti-Terrorism Strategy
US terrorist watch list: One tip now enough to put name in database, officials say
How Terahertz Waves Tear Apart DNA
Internet groups fear UN could threaten cyberspace
Espionage Act 'threatens every left wing activist,' son of executed US communists declares
Is A Police State Worth Fighting For? (Daily Reckoning)

-- China --
2011: For China, it's the year of living dangerously
China Preparing for War 'In Every Direction'
Beijing's bomb shelter hoteliers protest against closure
VoIP decision means Skype now illegal

-- UK --
Britain could be heading for coldest winter in 300 years
Union leader says 2011 will be 'horrible' year
Winter flu at highest level for a decade
NI swine flu cases have 'more than doubled'
London fears new wave of gang deaths
Charity chief warns cuts could 'kill off' Big Society

-- US --
Marc Faber: Treasurys Are A "Suicidal Investment"
Veterans Of Recent Wars Confront Grim Employment Landscape
Two new rules will give Constitution a starring role in GOP-controlled House
New Years Prediction (II): The U.S. Economy in 2011 (pessimism from Robert Reich)
Blast Levels Detroit-Area Store, Kills 2 Employees
This might be another case of a deteriorated and leaking gas line. -- RF
Ashton Kutcher In Men's Fitness: Preparing For Armageddon
Makes some good observations, but his Rx is all wrong. -- RF
So, We're Getting Meaner! What's It To Ya?
Factory farms massing in Missouri, Kansas, new report says
US M-2 Money Supply Up $4.9 Billion Last Week
Must See: Howard Davidowitz Destroys The Recovery Illusion, Debunks The Consumer Renaissance
Should Cash-Strapped States Be Allowed to Declare Bankruptcy?
Jobless 'Improvement' May Be Deceiving
In 2011 The Baby Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That Will Drop Your Jaw
Budget crisis threatens future of US science
Gas prices: Bracing for more pain at the pump

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