Monday, December 06, 2010


News Links, December 7, 2010

-- Global economic meltdown --
Euro Group Chairman Calls For "E-Bonds" To Finish The European Crisis
Euro's Worst to Come as Best Forecasters See Crisis Spreading
Increase European rescue fund, IMF urges
Germany Foils Bid to Expand Rescue Fund
China's credit bubble on borrowed time as inflation bites (Ambrose Evans-Pritchard)
China's CPI and PPI in October; food prices rose 10.1%
China triples holding of S Korean government bonds
WikiLeaks Reveals Powerful Chinese Government Official Admitted China's GDP Figures Are Unreliable
Inter-galactic bailout?! The Fed reaches beyond borders
Micex to Start Yuan-Ruble Trading in Moscow Next Week
Japan business leaders propose high-tech cities to boost economic growth
*An exercise in futility. This is the kind of outmoded thinking that will just aggravate Japan's problems.
Moody's Lowers Hungary To Lowest Investment Grade Category Baa3 From Baa1; Austria Next

-- Fault lines/flashpoints/military --
Japan defense plan wary of China's military: report
China's Hu tells Obama worried by Korea crisis
South Korea begins military drills
Time to prepare for collapse of Kim regime
China Clones, Sells Russian Fighter Jets
Three injured as Greek police clash with protesters
Russia, Poland want to focus on energy, trade
Buenos Aires follows Brazil in recognising Palestine
Gulf states boost missile defences in response to Iran threat
6 European Countries Agree to a Common Airspace, Possibly Including Military Exercises

-- Energy/resources --
Rare earth shortage exacerbated by smuggling
Sugar and Cotton Turn Up, With India in Driver's Seat
China Rescues U.S. Coal Industry
CNPC, Sinopec, Cnooc Sign Venezuela O&G Deals
"China's three main state-owned oil companies have strengthened their ties to Venezuela's energy sector, signing six agreements and increasing their investments to a planned $40 billion."
Nigeria militants say hit oil pipeline in delta
Saudi Aramco increases January crude prices to Asia, the Mediterranean
Russia Poised to Control 50% of U.S. Uranium Output, FT Says
Look for oil price between $80 to $100 per barrel in 2011
The 'tax' you can't avoid: Oil prices rising

-- Got food? --
Is Food the New Distressed Asset?
Vegetable prices driving inflation, Kunming enacts price controls (China)
Wheat Climbs to Four-Month High as Australia Cuts Export Estimate on Rain
World Running Out Of New Places To Fish: Study

-- Environment/health --
State Inspectors Can't Keep up with Water Pollution Caused by Natural Gas Extractions (US)

-- Intelligence/security/internet --
Tumblr blogging site back up after massive outage

-- UK --
Child poverty 'rises' among working households
One third of workers approaching retirement do not have pension savings
Hidden fees cut pension payouts by 75pc

-- US --
Warning: Muni Bond Chaos Imminent
Politics, oil prices put choke hold on fuel assistance programs
"This is a national emergency. This is the worst I've seen it."
CDC and EPA caught withholding truth about toxic drinking water
*Lead pipes: More of the infrastructure that will never be replaced?
BERNANKE: Growing Inequality Is Destroying America
Living Without Work: The Long-Term Unemployed
No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies
California Budget: Schwarzenegger Calls Cuts 'Unavoidable' To Close Deficit
US Treasury to Publicly Offer 2.4 Billion Citi Shares
The Decline and Fall of the American Empire
Charles High Smith Explains To Chris Martenson Why The Status Quo Is Unsustainable
"Clearly, demographics and Peak Oil are forces which cannot be massaged away by policy tweaks or financial engineering."
Interview: James Howard Kunstler
MERS: The Mortgage Database That's Clouding Millions of Titles
The Municipal Bond Pitch: "What You're Giving Me is Pure Bulls**t"

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