Tuesday, December 07, 2010


News Links, December 8, 2010

-- Global economic meltdown --
U.S. Treasury Sets Record for Debt Sales at $2.116 Trillion
China CPI growth to hit record high: economists
EU Rules Out Quick Aid Boost, Banks on ECB to Fight Crisis
Eyes on Markets as EU Makes No New Move on Debt Crisis
Legal & General Shuns Spain Until ECB Buys Bonds
Copper Advances to a Record in London on Currency Concerns
Silver about to begin new sustained uptrend
Ireland sets out record austerity budget
Euro collapse 'possible' amid deepening divisions over bail-out
ECB Said to Be Buying Irish, Portuguese, Greek Government Securities Today
Japanese prisons face swelling elderly population
"Though Japan's crime rate remains relatively low, the spike in elderly crime is another sign of the social and economic strains on the once-confident country."
Stocks a sucker bet in a rigged game; meltdown ahead (Paul B. Farrell)
Many Dubai construction projects to be cancelled in 2011
Dubai needs 2.5m tourists to fill hotels, says Deloitte
Dubai may delay new airport opening by a few months

-- Fault lines/flashpoints/military --
Report: N.Korea deploys torpedo-carrying midget subs
Cash-Strapped E.U. Defense Chiefs Eye Deeper Cooperation
Somali pirates widen reach despite EU efforts
*Nation-states have a large energy overhead, and as energy decline starts to bite, they find it increasingly difficult to project military power. Pirates, on the other hand, operate at a far lower energy level and are better suited to the new age. Expect piracy on the high seas to grow. It's part of the new world order of chaos.
U.K. To Double Reaper UAV Fleet

-- Energy/resources --
World faces oil supply crisis -Iran OPEC chief
West Texas Intermediate Passes 2 Year High, Jumps To $90.57
Power shortages loom as projects behind schedule in Vietnam
Steven Chu: Clean Energy Standard Could Include Nuclear, Clean Coal
Silver Passes $30.50
Vessels Hired to Ship Coal to China Jumped 36% Last Week, Commodore Says
Saudi wants nuclear power 'soon': US official

-- Got food? --
Malnutrition in India is on the rise, despite nutrition rehabilitation centres and ration shops
US armed services are urged to stock kitchens with Gulf seafood

-- Environment/health --
BP Weighs Asset Sales to Fund Gulf Spill Cleanup

-- Intelligence/security/internet --
If You See Something, Say Something to the Wal-Mart Greeter
UPS to require photo IDs for shipping packages
Apple, Google Asked to Pay Up as Operators Face Data Flood

-- UK --
Climate change could bring Britain ever more extreme weather
Britain Is Freezing to Death
"Middle class families are among millions of Britons who cannot afford to heat their homes this winter, as elderly ride on buses all day to stay in the warm."
Price of home heating oil shoots up by a crippling 23% in Northern Ireland
National Grid workers to vote on strike action
Britain needs to revert to central planning of electricity market

-- US --
More Hoosiers Than Ever Expected To Seek Heat Help
Heating assistance program attracts thousands (Georgia)
New England facing labor shortage
A Bleak Budget Outlook for Public Broadcasters
Public Broadcasting Threatened
Silver Continues Its Rally, And Is Leaving $30 In The Dust
Rail Activity Has Fallen For Three Of The Past Four Months
Schwarzenegger Sets $9.9 Billion California Deficit Plan
Lousy present: Gas prices hit a 26-month high
Grasping at straws: Illinois Gambling Expansion: Gambling Saturation Could Be An Issue
Food stamps: Another half million sign up
Doctors, pharmacists scrambling for chemo drugs
*Part of the growing North American pharmaceutical shortage.
The Jobs Picture (Kunstler)
U.S. Facing Federal Debt Cataclysm
Consumer Credit Reveals 26th Consecutive Decline In Revolving Credit, Ex-Student Loans Consumer Credit Drops $28 Billion
Is the College Debt Bubble Ready to Explode?
24 Signs That All Of America Is Becoming Just Like Detroit – A Rotting, Post-Industrial, Post-Apocalyptic Wasteland
Faros Special Report On The Severe Consequences Of The "Build America Bond" Program Expiration
Rich make out in tax deal (Fortune)

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