Saturday, December 04, 2010


News Links, December 5, 2010

-- Global economic meltdown --
Spain Approves New Austerity Measures, Limited Stimulus
Spanish Flights Resume as Air Controllers End Strike After Arrest Threat
Report calls for radical redesign of cities to cope with population growth
*Two-thirds of the world's people in the cities? Ain't never gonna happen.
Market Pro: Beware China's Coming Correction?
U.S., S. Korea, announce free-trade accord
*Yawn... All these FTAs mean nothing because globalization is dead.
EU's Bailout Fund May Be Increased, Reynders Says in a Break With Merkel
Saudi Shares Climb Most in Four Weeks as Crude Oil Approaches $90 a Barrel
Trichet Keeps Up EU Pressure as ECB Buys Bonds to Calm Investors
BOJ's 1st Corporate Bond Purchase Draws Robust Demand
Growth can't continue forever in finite world
Deficit Commission Fiddles While Rome (and Dublin … and Athens … Lisbon) Burns!
"No more of this 'take huge amounts of money from European taxpayers so that bondholders get 100 cents on the dollar' garbage. Instead, we'll need to see actual haircuts in the value of European sovereign bonds."

-- Fault lines/flashpoints/military --
Fortress Europe's busiest frontier is awash with illegal immigrants - despite mines, forest and razorwire
Brazil recognizes Palestinian state

-- Energy/resources --
Crude oil approaching $90
Forget gold and oil, buy uranium!
Nuclear Boom in China Sees Reactor Builders Risk Their Know-how for Cash
"The Chinese are ready to spend $511 billion to build up to 245 reactors."

-- Got food? --
The real nitty-gritty on small farms and the food-safety bill (US)

-- Environment/health --
Cancún climate talks in danger of collapse over Kyoto continuation
Bird Flu Found in Japan

-- Intelligence/security/internet --
Cyber attack hits India's investigative agency

-- UK --
Cash machines are running out of money due to snow
Reduction in winter deaths essential, says Age UK
New generation of giant wind turbines planned for Britain
*How many will actually be built?
Big freeze: Panic buying on petrol, milk, bread

-- US --
New Debt Ceiling Part of Tax Talks
Millions Bracing for Cutoff of Unemployment Checks
Six Banks Got Over 98% of the Fed's PDFC Money
Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read
Meet the Billionaire Couple Who Took Over California's Water Supply
Cash-strapped cities look to cut strings tying up millions earned through gas drilling
Congratulations America, You're Bailing Out Europe
David Stockman Debunks The Economic Recovery Myth Runs Out Of All Precious Metals In Hours

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