Wednesday, March 31, 2010

 

News Links, April 1, 2010

Suicide bombers kill 12 more in Russia
Caucasus Attack Fuels Fear of Terror Wave

Somali Piracy Tactics Evolve; Threats Could Expand Globally

Remember SIVs? China Has 'Em And They're Hiding A Massive Credit Bubble
Eurozone unemployment rate rises to 10%
Bank of Spain Sees Lower GDP, Bigger Budget Gap Than Government
Irish banks face $43B shortfall
Worldwide Cash Crunch
Greece Plans to Sell Global Dollar Bond by Early May
What Global Recovery?

Air traffic to reach pre-crisis levels in three months: IATA

Yahoo targeted in China cyber attacks

GCC countries face electricity squeeze

Japan debt situation: Between Ireland and Zimbabwe
Tokyo Sky Tree becomes tallest structure in Japan
Note: Recall this item from January.
Japan Post Service Forecasts 1st Op Loss In 8 Yrs

Afghanistan Has World Lead in Hashish Production, UN Reports
Oil Price in Big Macs: Decade Edition
Global Steel Prices Set to Soar After Iron Ore Deal
Copper Peak

Bolivia opts for Chinese military equipment

Belgium votes to ban burqa in public

Researchers: Overfishing, fish farming killing our oceans

US: 3 killed, 6 hurt in Washington, D.C. shooting
Darpa Chief: Fix America's Critical Geek Shortage
Coming up empty: America will have trouble meeting its ambitious goals for biofuels
Drug firm investigated FDA officials
Mich. neighborhood complains it is overrun with rats
Private sector unexpectedly sheds 23,000 more jobs


Tuesday, March 30, 2010

 

News Links, March 31, 2010

Iran Nuclear Scientist Defects to U.S. In CIA 'Intelligence Coup'

Coal fuels much of internet "cloud," Greenpeace says

Could This Be Start of 'The Great Bear Market in Bonds'?
The Coming Precious Metals Short Squeeze
El-Erian Speaks: Economy Will Slow Dramatically In The Second Half Of 2010
Greek Seven-Year Notes Drop; Demand Wanes at 'Surprise' Auction
Why the smart money is worried about government debt
10 Signs of Speculative Mania in China
China Rolls Out Margin Trading, Short Selling
Ireland hits banks with hefty penalty, to inject billions
Demand is rising for metals, gold, oil and coal

The True Causes Underlying The Moscow Metro Bombings
Energy world descends on Cancun for key forum
Chavez Cash Crunch Looms on Oil, Morgan Stanley Says
China, India in Uganda oil war
US and Vietnam sign nuclear energy agreement

Somali pirates hijack eight ships in three days

World's Biggest Census to Record Fingerprints, Photos in India

'Upheaval imminent in North Korea'

Italian elections marks surge of Right wing support across Europe

Nippon Steel, Sumitomo in tentative pact with Vale on 90% price hike for iron ore
Japan -- Land Of The Setting Sun

India Will Expand Government Shipyard
India reshaping the global coal market
"Nine [power] plants are operating with less than four days of coal supply, meaning that 11 percent of the national generating capacity is teetering on the edge of shutdown."

UK: 'More motorways and 900 miles of trunk roads' needed, say MPs

US: Report: By 2020, more senior citizens to be homeless
Nuclear power: Obama team touts mini-nukes to fight global warming
Downtown NYC Towers Empty as Best Market Falters
Biased Media Reports: Consumer Spending
State Debt Woes Grow Too Big to Camouflage


Monday, March 29, 2010

 

News Links, March 30, 2010

Moscow metro blasts: female 'black widow' suicide bombers kill 35
Does Moscow bombing mark the return of Russia's 'black widows'?
Russia says U.S. Aiding Afghan Drug Trade

$500 billion reserve drain made crisis worse: IMF's Ferhani
Greece Pays Bond Investors 5 Times Spain Yield Spread
Dubai World to offer 'shortfall guarantee' on debt

SCENARIOS-Global impact if Israel strikes Iran
N. Korea warns U.S., S. Korea about 'unpredictable incidents'
North Korean mine 'may have sunk warship'

China Gold Demand May Double Within Decade, WGC Says
China's Next Bubble
"Provinces and municipalities have built up more than $1 trillion of off-budget liabilities."
China Testing Ballistic Missile 'Carrier-Killer'
International coal price increase reflected in Chinese market

Copper, Nickel Advance on Demand Outlook as Inventories Decline

Pakistan: Drone attacks issue to be taken up with US: Malik
'Govt not buying electricity from Iran due to US pressure'
U.S. hopes to give Pakistan drones within a year

OPEC Needs $70 Oil to Justify Investments: SecGen
Falkland Islands oil disappoints for Desire Petroleum
Sitting on oil fields, Iraq still short of fuel
"All the refining capacity dates back to the '60s or before."

Why Subsidize The Surfeit Of Wind Turbines?

UK: Armed guards 'could be taken off nuclear sites'
Boomers won't have retirement like parents (Kiss retirement goodbye!)
Nine years to tackle crumbling roads
Ireland poised for new bank bailout
How Close will the U.K. Come to Running Out of Natural Gas in Storage this Spring?

US: Fed raids in Michigan may be tied to Hutaree, a Christian-militia group
FBI Conducts Raids in Michigan, Indiana And Ohio
Feds: Militia members sought to spark uprising
Top 10 Alternative Political Movements
Treasuries Find Greenspan's Canary Fainting in Mine
It's Official - America Now Enforces Capital Controls
Hundreds of Millions of Dollars Spent to Maintain Crumbling, Vacant Government Buildings
Insider Buying Remains Non-Existent
Postal Service to file five-day-delivery proposal
U.S. to sell entire stake in Citigroup in 2010
How should you invest in the government-based economy? Gold.
U.S. airline traffic declined in 2009
Shale Gas Shenanigans
Half of Commercial Mortgages to Be Underwater: Warren
U.S. Economy: Spending Increases, Incomes Stagnate
Americans Now Back to Overconsumption Norm
Phoenix: Retail Follows Rooftops Underwater
Push To Eat Local Food Is Hampered By Shortage
Study: Roads cost some NC motorists $1,300 a year


Sunday, March 28, 2010

 

News Links, March 29, 2010

Drought in Southwest China bringing about power shortage and chain effects
Chinese city is world's hacker hub
China Bans 78 Companies From Investing in Property
China's Geely to Buy Ford's Volvo in Record Overseas Auto Deal

Dubai Plan May Be 'Negative' for Banks, JPMorgan Says

India to give 600M people ID numbers
Joint India, Singapore military exercise ends in Madhya Pradesh
Bomb kills man and injures girl in Greek capital Athens
North Korea on the Edge: If the regime collapses, will the rest of the world be ready?
Iran 'building two new nuclear enrichment plants'

Recession Hurting Cruise Ship Builders
Aluminum Demand for Naval Shipbuilding Set to Rise This Decade

Incredible shrinking Japan Airlines: JAL's job cuts may expand to 20,000
Japan Air to Stop Flying Freighters by End of October

Hugo Chavez: Hillary Clinton thinks U.S. owns South America

UK: Military top brass ordered to travel second class
British Airways union threatens more strikes after Easter
The Falkland Islands: A New Frontier in the 21st Century Resource War?
Thousands more jobs on the line as finance chiefs wield the axe

More than 7,000 protest crime wave in Mexico

Australia: A big night out: drinking, dancing, fingerprinting

US: More families depend on school lunches
Coming To America: Third World Microlending
How Much Does the Pentagon Pay for a Gallon of Gas?
"The fact remains that the nation's economic model still assumes that energy will be plentiful and cheap. The military for decades has operated under that same assumption."
Marines Take Unusual Steps to Reduce Battlefield Fuel Demand
"A typical Marine Corps combat brigade needs more than a half-million gallons per day."
CBO Report: U.S. National debt will rise to 90% of GDP
The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020
Housing market recovery waiting for Godot
Betting The House On Shale Gas
Health overhaul likely to strain doctor shortage
Alan Greenspan Discusses The Fed's Inability To See Bubbles, Is Confident There Is A "Bubble Waiting To Burst In China"
States gird for severe grasshopper infestation
JAL cargo reductions mark end of an era for Alaska
Rich Stunned by Recession Sell Munis for First Time
'Patriot' hate groups grew by 244% in 2009
US Marine: I will Fight American Civilians


Saturday, March 27, 2010

 

News Links, March 28, 2010

Iraq's oil output targets 'impossible'

The Collapse of Journalism/The Journalism of Collapse: New Storytelling and a New Story

Greece: Why Europe's Support Plan Won't Fix the Problem
Credit Institute: Eurozone may not survive, warns panel
Globalization Critic Noreena Hertz: 'Even War Is Good for Economic Growth'
Jim Rogers on Oil, Gold and the Biggest US Bubble
Bill Gross Warning May Catch Bond Investors Off-Guard
Dubai debt plan meant to show emirate back on feet

Electric cars a major environmental threat?
Heat-Toting Ocean Currents Chugging Along
Earth entering Anthropocene age

Thailand's red shirts confront army in Bangkok
2 Short-Range Nuclear-Capable Missiles Pass Test: India
Arabs unite against Israel at annual summit
South Korea rules out navy ship sunk by North Korea

Western companies are finding themselves shut out as Beijing promotes homegrown rivals

UK: Millions of tonnes of edible food are being thrown away every year
CO2 ruling puts airport growth at risk

Australia: Queensland construction collapse: 37,000 at risk

US: Money may be owed for years after homeowners' default
Allergies are mysteriously on the rise in U.S.
Washington's inaction threatens U. S. dairy farmers
"Most farms are now at or approaching negative equity situations. Credit for these operations will be impossible."
Detroit considers ways to downsize
Commercial real estate market winds up decade of extremes
212,000 to lose jobless benefits April 5
4-Day School Weeks Coming To Illinois
Ron Paul Sees Dollar Disappearing, Gold and Silver Going Much Higher
Former militiaman unapologetic for calls to vandalize offices over health care
"He said he believes throwing bricks through windows sends a warning to Democratic lawmakers that the health-care reform legislation they passed Sunday has caused so much unrest that it could result in a civil war."

And finally: Excess in the Final Days: New York Helicopter Commute for $200 a Day Signals Revival


Friday, March 26, 2010

 

New World Order Emerges on US-Mexico Border

Over a year ago I wrote, “‘Mexican influence’ in the US southwest will not be from the Mexican government… but rather from Mexican drug/warlords.” And that is becoming more so day by day. In recent news items, for example, we have Mexico drug hitmen terrorize towns on U.S. border and Mexican drug gangs ‘spread to every region of US.’ The gangs are also maintaining and expanding their power within Mexico, as in Police chief beheaded in north Mexico. They are so powerful that the Mexican military has so far had little or no success in bringing them to heel, and now the US is in talks with Mexico to provide help.

American police, meanwhile, are starting to have problems similar to those in Mexico, with a gang targeting police.

As I said here, the new world order is chaos, and we are witnessing the first stages. As cities find it increasingly difficult to maintain municipal services such as street lights, police protection, and fire departments, chaos will grow along with the power of those who step in to take advantage of it.

 

News Links, March 27, 2010

Russia bans Hitler's 'Mein Kampf' over fears it fuels rise of far-Right

Sea Transportation: Armed And Dangerous
From early March, see:
Malacca Strait: Singapore alerts ships to piracy threat
Patrols stepped up over threat to Malacca Strait shipping

IEA: Japan Will Need 85 MPG Cars To Survive
"Even small motorcycles cannot get close to that level of efficiency in everyday use today."
Saudis to Turn Increasingly to Oil to Meet Power Needs
"By 2012, [KSA] may be using 1.2 million barrels a day – more than twice current levels -- to meet its electricity needs. This increasing use of oil is occurring because the Saudis' natural gas production cannot keep up with power demand."
Israel, Syria eye nuclear power plants
East Africa oil boom centers on Uganda

In Harbinger Of Things To Come, Indonesian Parliament Begins Criminal Investigation Into Bank Bailouts
Europe Puts 'Loaded Gun' on Table, But No Bailout
Dubai's artificial islands 'sinking' under massive debt
Dubai's Debt Solution: Spend, Spend, Spend

Report: Global armored vehicle market booming

China: Beijing to sweeten stench of rubbish crisis with giant deodorant guns
Victims Call China's Drought a Man-Made Disaster
China: Time to Drink the Kool-Aid?

South Korean naval ship sinks in disputed area after 'explosion'

Canada: One million Ontario public service workers will have their wages frozen

Japan's consumer prices continue to fall

UK: Female students 'would strip' to fund studies
Sex survey: third of Britons 'would sleep with a stranger for £1million'
Britain facing 'Spring of discontent' as four-day rail strike looms
Burst Victorian water main leaves Londoners without water
Are the Brits headed for the PIGS sty?
Portugal downgraded: Could UK be next?

Mexico drug hitmen terrorize towns on U.S. border
Mexican drug gangs 'spread to every region of US'
Police chief beheaded in north Mexico

US: Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
Greenspan Calls Treasury Yields 'Canary in the Mine'
Pentagon wants $33 billion more for war in Afghanistan
Worst-case city budget cuts police, fire, recreation (Baltimore)
Flint Makes Drastic Police, Fire Cuts
U.S. looks to export drone technology to allies
Year-end growth spurt not likely to be repeated
Half of U.S. Modified Mortgages Default ... Again
JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy
Philadelphia seeks ban on hydraulic fracturing natural gas drilling


Thursday, March 25, 2010

 

News Links, March 26, 2010

Europe in crisis as debts grow and Germany pursues its own interests, say diplomats
World Trade Protectionism 'Getting Ugly,' OECD Head Gurria Says
Sovereign Lies: Why Euro Is Destined to Collapse
Parents plans compromised as adult children move back home
Dubai World to get $9.5bn injection from government
Deal reached over Greece debts at Brussels summit
Euro Trades Near 10-Month Low as Trichet Says IMF Aid 'very, very bad'

Most Japanese Airports in Debt, Face Closure
Japanese economy plagued by deflation and debt

Russians regard US as 'aggressor' seeking world domination: poll
Russia conducts anti-submarine drills in Sea of Japan

'Bin Laden' issues new threat in tape

China Unicom Boycott of Google May Signal Fallout Is Spreading
Is your Gmail being hacked from China? It's worth checking
China miner to buy Brazil's Itaminas iron ore mine

Binyamin Netanyahu humiliated after Barack Obama 'dumped him for dinner'
US will expedite aid to Pakistan to fight Taliban and Al Qaeda

UK: RAF intercepts Russian bombers over Stornoway
£24bn cuts are needed in addition to Budget to meet existing targets
Highland Airways goes into administration
Rail maintenance firm calls in administrators
Truancy in schools in England reaches record high
Budget 2010: £100 million to fill potholes
Millions face post-Easter travel misery in four-day rail strike
Toyota To Nearly Halve Production At U.K. Plant

Printable Nanocircuits Promise to Make RFID Tags More Ubiquitous Than Bar Codes

UK Telegraph Reports, "Oil Reserves 'Exaggerated by One Third'"--An Analysis

Hillary Clinton's 'War Cabinet' sweeps in to Mexico for drugs summit
Mexican prison gang may target U.S. agents

US: Klein Warns Of Thousands Of Teacher Layoffs (NYC)
US drone raids could land CIA officers in court: expert
High-Speed Trading Bumps Into Power Problem
North Dakota: Fourth in U.S. Oil Production
Think tank says 37,000 jobs to be lost from Virginia budget cuts
Nuclear waste piles up, and it's costing taxpayers billions
Downturn hits Social Security, payouts exceed revenues
Apocalyptic right-wing rhetoric is going mainstream
The coming 'double dip' in real estate
Owners miss loan payment on skyscraper
Obama: Inside Man for the Greatest Heist in History
Police believe a gang is targeting officers
"Such is the new reality for police here, where life has increasingly taken on the feel of a war zone."

And finally... Skirt at forefront of trends among fashion-conscious men in Japan


Wednesday, March 24, 2010

 

News Links, March 25, 2010

Portugal credit rating downgraded over debt concerns
Frantic EU seeks solution to Greek debt crisis

Terrorists 'could use exploding breast implants to blow up jet'

More than 100 'al-Qaida militants' arrested in Saudi Arabia

US Navy warns al-Qaida threatens ships off Yemen

Taliban say they are not involved in Kabul peace talks
Pak-US strategic talks begin today: Pakistan hands over wish list to US

Italy: Fiat reported to cut 5,000 jobs, shares rally

China: Residential Land Sales Temporarily Halted
China signs multi-billion dollar Australian gas deal
China newspaper accuses Google of helping U.S. intelligence
Two U.S. Internet companies leave China
China's oil-refining capacity to grow by 30 million tons

Nationwide strikes in France against Sarkozy

Does Geothermal Power Cause Earthquakes?
The peak oil crisis: a breakthrough?
Saudi considers all energy sources for power

Canada: Native Groups Vow To Fight Pipeline
Oil sands output forecast halved since boom

UK: Rail strikes threatened over Easter weekend
Teachers threaten to unleash wave of strikes days after the General Election
UK government spending rise above 50% of GDP

Japan approves record $1 trillion budget amid debt concerns

How to make everything yourself - online low-tech resources

Venezuela: Chavez Orders Extended Holiday to Save Electricity Amid Crisis

US: Lawmakers Eyeing National ID Card
Public support for nuclear power at new peak
US aviation security to adopt Israeli model
Florida: Lawmakers: Slash pensions for police, teachers, firefighters
Another hard year for California economy: report
Shortfall Threatens Illinois Pension System
New FBI Files Alleging AIPAC Theft of Government Property and Israeli Espionage Released
US new home sales hit record low as cold weather bites
Record numbers now licensed to pack heat
U.S. Military Doing 'Limited' Drug War Work In Mexico, Napolitano Says
As the Oil Age Ends, A Return of the Canal and Rail Age?
Why the Bond Auction Fizzled: Fears of a 'Fiscal Train Wreck'
Health Care Law Signals US Empire Decline?
Postal Service Moves Toward Five-Day Delivery
San Carlos Considers Outsourcing Police and Fire Services
Budget cuts could shut down Richmond street lights
Bees in more trouble than ever after bad winter
Hurled bricks, threats surround health overhaul
4 Million US families facing foreclosure

And finally... Indian military to weaponize world's hottest chili


Tuesday, March 23, 2010

 

News Links, March 24, 2010

Oil reserves 'exaggerated by one third'
Non-OPEC Oil Production Hits the Wall

NATO Official: Cyber Attack Systems Proliferating
"Approximately 120 countries currently have or are developing offensive cyber attack capabilities."

-- International high finance! --
All Invoke Keynes as Stimulus Advocates Assailed as Spendthrift
In the Real World Series of Poker, The Stakes Are Default of Sovereign Debt
Global Economy Spins Out of Control?
Anticipating Eurozone Collapse
"We have to put the loaded gun on the table to ensure that the markets react properly."
Greek Impasse Deepens as Trichet Rejects Loan Subsidy
Germany, France Back IMF Role in Aiding Greece
Broke? Buy a Few Warships, France Tells Greece

UAE: Foreign workers sending less cash to the folks back home
Dubai plans June opening for world's largest airport

Air France and Other Airlines' Staff Plan Strikes

Afghanistan: Cell Carriers Bow to Taliban Threat

Singapore: Temasek Seeks Mining Investments in Africa, Mongolia
Overcrowded Singapore seeks to grow with its enormous appetite for sand

China Coking Coal Imports May Near Record This Year, Teck Says
China to Build 28 More Nuclear Power Reactors by 2020

India: Explosives on flight: Was it just a dry run?
India's Tata Motors To Set Up Truck Plant In Myanmar

Venezuela cuts power to 'heavy' electricity users

UK: Britain at risk from al-Qa'ida 'dirty' nuclear bomb
Britain says 'compelling' evidence Israel linked to Dubai assassination
Britain expels Mossad agent over forged passport plot
MPs criticise plans for nuclear
500 soldiers face losing their jobs to help MoD balance the books
British Gas workers vote to strike
Daylight coppery as thieves tear up manhole covers and steal £70,000 of phone cable
Brits are struggling to pay for their gas and electricity and are being forced to take drastic action
USAF Planes To Help U.K. Fill SIGINT Gap

Japan planning 14 nuclear plants: report

US: Metro to stage anti-terrorism drills
The new Capitalist Anarchy and the Lobbyist Bubble
Senate to vote on improving air traffic system ($34.5 billion)
Bump For Cash: Phones As Virtual Wallets
Airport device follows fliers' phones
Collapse: Hard Lessons from the Soviet Union
Is The Empire's Collapse Gradual Or Sudden?
U.S. states may be the next dominoes to topple over
Why the U.S. can't inflate its way out of debt
Commercial property catastrophe! Prices, supply, demand drop in Q4 2009.
Dow In Striking Distance Of 11,000 (but this won't be over until it sinks to at least 5,000)
Preposterous: Bernanke Wants to Eliminate Reserve Requirements Completely
U.S. Aims to Bolster Overseas Fight Against Cybercrime
Ron Paul: National bankruptcy will lead to repeal of 'Obamacare'

And finally... Study: Last Supper paintings supersize the food
Japan hopes robot baby will increase country's birth rate


Monday, March 22, 2010

 

News Links, March 23, 2010

Australia needs $100 billion electricity infrastructure overhaul

Riyadh mulls big Russian missile buy
Saudi Families Need More Than a Name as Bankers Tighten Lending
GCC unemployment forecast to hit 10.5% in 2010

Pakistan police: Plot foiled on hotels, diplomats
Pakistan pushes US for nuclear technology deal
US says it is open to nuke deal with Pakistan

Chinese media accuse US of 'information imperialism' amid Google row
Academic Paper in China Sets Off Alarms in U.S.
Stunner: China Set To Announce Record Trade DEFICIT In March
A China boost for gold

France set for widespread strike disruption
Thai 'Red Shirts' vow to shut down Bangkok with new rally
Lufthansa pilots plan a new strike
Greek economy 'to worsen' in 2010 says central bank
Unemployed Germans travel to Poland for work
Bank Of Greece Had Warned About Exploding Credit Spreads In February 2009
"It turns out that the massive credit spreads that Greece is currently experiencing have nothing to do with CDS speculators and other scapegoats."
Echoes From Davos: Rich Countries' Debt Growth Drag
Inflation Issuance Hits Record $200 Billion

Oil giants take new look at once-unattractive investments
Shell, PetroChina Win Arrow With Sweetened $3.2 Billion Offer
Tipping Point: Near-Term Systemic Implications of a Peak in Global Oil Production
"There is a high probability that our integrated and globalised civilisation is on the cusp of a fast and near-term collapse."
The Net Energy of Pre-Industrial Agriculture
"It's also clear that modern biofuel EROEI's are in the same range as pre-industrial agriculture, and therefore are completely unsuited to support an industrial civilization."
Widespread plant-parasitic nematode infestation found in US biofuel crops

Afghanistan: U.S. Turns a Blind Eye to Opium in Marja
Karzai Meets Delegation From Taliban-Linked Group

China, Russia sign major agreements worth $1.6bn

Japan: Major firms to limit hiring of new grads

World Water Day: Why business needs to worry

UK: Energy minister will hold summit to calm rising fears over peak oil

Scientists Successfully Embed Silicon Chips Inside Human Cells
The Age of Technofascism

US: Pennsylvania Pensions: From Surplus To A Deep Hole
Police escort fewer funeral processions
US business feeling unwelcome in China, says survey
Obama Pays More Than Buffett as U.S. Risks AAA Rating
Bernanke Running Amuck
Could School Bus Ads Save School Budgets?
The rich bail faster on mortgages
More women holding down multiple jobs
California Pension Costs Fuel Growing Anxiety
Dodd bill may reduce bank rating support-Moody's
Underemployment At Record 20% According To Gallup
Insiders Remain Sellers of the Rally
More Ugly Housing Data (an antidote to mainstream media reports)

And finally... Waiting for the end of the world: Georgia's 30-year stone mystery


Sunday, March 21, 2010

 

News Links, March 22, 2010

UAE becomes fourth-biggest arms buyer
Dubai World wants eight years to pay debts

-- International high finance! --
Must read: German Central Bank Admits that Credit is Created Out of Thin Air
IMF official says advanced economies face "acute" debt challenges
Greek Banks' 'Challenging' Profitability May Trigger Cut at S&P
New Baghdad and the Collapse of Capitalism
"The U.S. economy is like an out-of-control sports car in search of a tree."
Must read: Diminishing marginal productivity of debt: Debt saturation phase transition reached

Israel to ask US for bunker busters in the fight against Iran's Nuclear sites
Note: recall this item from a few days ago.

Afghanistan: Taliban controlling Marjah by night

Must read: Crumbling Iraqi oil infrastructure cannot possibly achieve declared oil production goals

Ukraine, Russia to construct transport bridge over Kerch strait

China could report trade deficit in March
China's Muni Mess
Is China the Next Global Resource Glutton?

Pakistan to give India rail access to Central Asia

Canada: Experts warn of nursing shortage

Gold Shines In Any Way, Shape Or Form

MEND threatens Nigeria's oil and gas industry

I.M.F. Chief Suggests 'Fire Brigade' for Europe's Banks

UK: Cabin crew strike forces BA to cancel 1,100 flights
Every citizen to have a webpage under new public services plan
How many new data centers would this require?
Shrinking Freedom in Britain

Japan: DPJ caught on the horns of a fiscal dilemma
Economist warns soaring public debt may bankrupt Japan
Russian Navy surveillance ship resumes sailing off Japan
Corporate 'blacklist' circulating among new graduates

US: F-35 fighter fleet's price may be double forecast
Wachovia to Pay $160 Million for laundering Mexican drug money
Cash-Strapped State Governments Hike Traffic Fees
Retailers spy on shoppers in bid to increase sales
Virginia gun rights advocates pack heat with pride
State Pension Underfunding Before The Great Recession
U.S. Congress Worries about Materials Shortages

And finally... Sarah Palin seeks $1-million per reality-TV episode


Saturday, March 20, 2010

 

Fighter Planes and the Future of Technological Civilization

Here’s an item that is helpful in showing how the times are changing. According to F-35 fighter fleet’s price may be double forecast, the “bill for 2,443 F-35s is currently estimated at $278 billion to $329 billion, up from the $197 billion projected when the development program began in October 2001.” The article blames this on inflation, but there’s a need to clarify this. There is in fact a lot of deflation going on right now, so what’s going to make these fighters go up in price? In a word, energy. Each of the fighters embodies a very large amount of energy in the form of high technology. It’s the technology, not the materials themselves, which account for most of the price. There’s a lot of expertise involved in design and construction. All those engineers and skilled workers need years of education and training, which is made possible by energy. Lots of it. So when you start looking into all the inputs, there’s an impressive amount of energy expended on just one fighter. And because energy will likely become more expensive, these aircraft will likewise become more expensive.

As a corollary to this, much money has to be expended on education if we want to maintain technological expertise and keep expanding it. Yet, in countries like the US and UK, education is suffering big reductions through budget cuts, school closings, and the like. If the amount of energy spent on education declines, we can expect a corresponding decline in the general level of expertise, which will lead in turn to the decline of technological civilization.

 

News Links, March 21, 2010

Europe and Central Asia facing energy crunch - World Bank report

Nations Decline to March to U.S. Beat

Greece bomb hits Pakistani leader's home in Athens

Israeli military aircraft violate Hungary airspace
Syrian man shot dead in Budapest
Syrian murder, Israeli planes not linked: official

1,500 rally against Putin in Russian Far East
Russian police arrest 70 anti-government protesters
Russia: Navy needs at least 50 nuke subs

Energy shortage driving slowdown in Bangladesh

China's anti-riot squad maintains public security in Port-Au-Prince after earthquake
China Drawing High-Tech Research From U.S.

Drug-resistant tuberculosis poses global risk, World Health Organization says

North Koreans fear the country is on the verge of a new famine

Safety Issues Linger as Nuclear Reactors Shrink in Size
"A minireactor will likely cost about $100 million." -- Plus cost overruns ;-)

Protests continue in Bangkok as 65,000 join parade

Army and drug gangs battle in Mexico
Scared Mexican police turn to bizarre rituals to guard them in drug war

Zero Point Of Systemic Collapse

UK: Strikes will plague the run-up to the general election
UK has 5,700 "secret agents"
Police battle to control right-wing groups
Star Trek-style force-field armour being developed by military scientists

6 natural remedies that really work

US: CIA's Jihadi Chat Room Hacked by Pentagon
Note: Another chapter in the saga of Pentagon takes control of intelligence from CIA.
U.S. states: Running with the PIIGS
"If PIIGS refers to nations that have overspent and are now overleveraging to pay for their deficits, the United States is feeding from the same trough."
Tea party protesters scream 'nigger' at black congressman
Urban 'terrorists' threaten to blow up police car
US trains nuclear detectives to trace 'loose' nukes
Half of small business owners think its better strategy to stockpile cash and hunker down
Regulators seize seven more banks, bringing total for year to 37
States' rights movement sweeping across America
Nuclear plants likely to slow development
The Broken Society
Cries of 'Hey, That's My Jet!' Don't Deter High-End Repo Men
A Ruinous Meltdown (states' finances)
Texas: Drones may be sent soon to help with border security, Napolitano says

And finally... It's Not Funny! The Cost of Laughing Is on the Rise


Friday, March 19, 2010

 

News Links, March 20, 2010

The Pain in Spain ... And What It Means for Europe and Beyond
Greek PM: Greece One Step From Being Unable To Borrow
EU Commission calls for European loans for Greece

Oil: So Much for Peak Demand... Try 134mb/d by 2030
The U.S. No Longer Controls the Price of Oil (reality check)
Faults Exposed in Oil-Data Collection (WSJ)
Total invests in North Sea oil field once viewed as too costly

Recession Speeds Shift In Balance Of Power

Rio Tinto signs mines deal with China's Chinalco

Israel's new strategic arm: Cyberwarfare

China's one-child policy little enforced -- and set to end
Is China Building the Next Bubble?

France offers to join forces with UK's nuclear submarine fleet

Lending in UAE seen tight after Dubai World

UK: BA 'declares war' on union after talks fail
British rail workers vote to strike as unrest grows

Mexico president struggles as drug war explodes across the country

India: No respite from power shortage anytime soon

US: Small banks lag in repaying Treasury for bailout funds
Medical marijuana a target for criminals (recall this item from yesterday)
New System to Deliver More Intelligence to Warfighters
Doomsday budget (Baltimore)
"The preliminary plan calls for the closure of three fire stations and the continuation of rotating closures; the elimination of the police helicopter, marine and mounted units; the end of bulk trash collection; and the closure of rec centers."
US hotel loan default rate may double by 2012-Fitch
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan?
Faith in the American dream declining
Gang tries to kill police by drilling gas pipeline into station
Synagogue Bomb Suspects: The Feds Put Us Up to It!
EPA to study natural-gas drilling's effect on water
Unemployment soars in U.S. metropolitan areas
Federal Reserve Must Disclose Bank Bailout Records
Will the U.S. Become the Next Ireland?
The FHA Is Being Run Like A Ponzi Scheme That Will Surely Implode


Thursday, March 18, 2010

 

News Links, March 19, 2010

UAE banks need $40 bln injection
Dubai World to Propose $26 Billion Debt Repayment Plan

Portugal Prepares To Sell $1 Billion Of Dollar Denominated Bonds In Goldman-Led Deal
Greek PM gives European leaders a week, threatens to go to IMF

Drought Creating Drinking Water Shortage in China
Concern over Hong Kong real-estate bubble warranted
Africa expands oil production capacity, demand from China strong

Al Qaeda websites present growing threat, FBI's Mueller warns

Miners cash in on iron ore boom

Spammers survive botnet shutdowns

Marc Faber: We Have a New Gold Standard

South Korea utilities to buy SA coal to meet demand

UK: University budgets to be slashed by up to 14%
Government borrowing in February less than expected (only £12.4bn)
UK can cope with cyber attack, says Lords committee

Japan: FY10 Domestic Auto Sales Seen Plunging As Subsidies End
Land prices fell nearly everywhere in '09 as downturn hit demand

US: Man accused of disabling 100 cars over Internet
"The dealership installs GPS devices that can prevent cars from starting. The system is used to repossess cars when buyers are overdue on payments."
Downsizing Detroit
"One-third of Detroit's residential parcels are vacant lots or empty homes."
U.S. sees more multigenerational households
Prescription-drug heists for black market on the rise
Toyota to hand off $131m pension bill to U.S.
U.S. schools in 'category 5' budget crisis
Two-track economy: 9.7% unemployment, $200K cars
If The Economy Is Recovering.... (CAT)
Neuromarketers get inside buyers' brains
McCain and Lieberman's Nightmarish Detention Bill
"The Enemy Belligerent Interrogation, Detention and Prosecution Act would empower the U.S. military to arrest anyone, U.S. citizen or otherwise, who is suspected of terrorist associations and detain them indefinitely, without right to a trial."
Military 'Global Trends' Report Raises More Red Flags About U.S. Financial Trainwreck
Decline of the Empire: When Will "Full" Employment Come Again?
Wind farm plans stir up storm over military radar
Energy Concentration Revisited
Stimulus Runs Out, So States Beg Congress For More Money; Will They Get It?
Newsweek: US in Terminal Decline
Idaho's plan to downgrade the dollar
"A bill to allow citizens to pay their taxes with silver medallions gains support. Goldbugs are watching closely."


Wednesday, March 17, 2010

 

News Links, March 18, 2010

Latvia government collapses amid economic crisis
Greece strikes continue. Police fire stun grenades as blackouts occur
Merkel supports eurozone 'red card'
The Great Correction: Awaiting bailouts that will never come

India to Offer Suppliers More Than China for Potash Imports

Medvedev: Russia must tap Arctic resources

Secretary General: Israel's nuclear activities are disturbing

China in 'Greatest Bubble in History,' Rickards Says
"The Chinese central bank's balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan."
Chinese Inflation - the Final Unraveling?
China growth forecast raised to 9.5% by World Bank
China in "great leap forward" for gas
The Looming Trade War With China

The peak oil crisis: 2014 – the year of transition
Green Energy: When Public Funds Dry Up

India: Delhi officials unveil giant public air freshener to scrub atmosphere clean

Japan: Okada Does Not Rule Out Introduction Of Nuclear Weapons In Emergency
Incredible shrinking Japan Airlines: JAL not hiring this spring
Banks Agreeing To Larger Portion Of Loan Modification Requests

America's First War in Africa. US AFRICOM Launches Large-Scale Offensive In Somalia
No U.S. desire to "Americanize the conflict in Somalia"

Saudi Arabia becomes 13th member of anti-piracy body

Population surge outstrips efforts to eradicate slums

US: Energy Dept. to Craft First Rare Earths Strategic Plan
Feeling Heat, Lawmakers Push the Rights of States
Transportation Secretary Announces "Sea-Change" for American Transport: Bikes!
"This is the end of favoring motorized transportation at the expense of non-motorized."
New Jersey Governor Proposes Deep Spending Cuts
More than 40 Detroit schools to close in June
Saving U.S. Water and Sewer Systems Would Be Costly
Broadband fee, Emergency Response Interoperability Center, and homeland security
Coal Beats Solar as Analysts Favor Peabody Energy
Homegrown terrorists pose growing threat
Automakers sound alarm on Asian currencies
Not just sovereign debt, US junk bonds are also catastrophic
Mortgage delinquencies at historic highs
Lehman Whistle-Blower's Fate: Fired
20 Terrifying Facts About The Coming Retirement Crisis
When Priced in Gold, U.S. Markets Are Actually Down Since Last Fall

And finally... Oops! Would-Be Hijackers Accidentally Attack Anti-Pirate Warship


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