Monday, January 10, 2011


News Links, January 11, 2011

-- Global economic meltdown --
Brazil Finance Minister Mantega warns of trade war
Youth Unemployment In Italy Hits Record 28.9%
Euro Crisis Would Hit China, Then America: Author
Issing repents, says euro may fall apart
Portugal facing €80bn EU bail-out
Hugh Hendry: Japan Is A "Nuclear Bomb Strapped Onto The Chest Of The Global Economy"
Nice metaphor! But seriously, when Japan crashes it's going to send a tsunami around the world. -- RF
On the worthlessness of Japanese government debt (Daily Reckoning)
Refreshing candor. The charade cannot go on much longer. -- RF
Greece borrowing rates hit new record
Euro slips as sovereign funding risks escalate
Euro Crisis a 'Virulent Disease'
For US Markets, Europe's Debt Woes Just Won't Go Away
Iceland offers risky temptation for Ireland as recession ends

Shipping To Suffer Despite Record Trade In Iron Ore And Coal, With 35 Miles Of Ships Coming Out Of Shipyards In 2011

Glut of ships hurts shipping industry
And with the BDI dropping again, the situation will likely worsen. -- RF
Emerging-Market Stocks Decline Most in Month on Inflation, Europe's Debt
Bill Buckler: "Sovereign Debt Can Never Be Repaid"

-- Fault lines/flashpoints/military --
How Will China Respond to a Rising India
AFRICOM's Gen. Ward visits Rwanda
Tunisia closes schools and universities following riots
Market Plunge Sparks (Violent) Protests in Bangladesh
Sarkozy takes G20 case to Obama as food prices soar
U.S., China Play Down Military Rivalry
India Offers To Pay For Iran Oil With Gold
Pattern of anti-government attacks emerges over single week (US)

-- Energy/resources --
Analysis: High food Prices Cloud UK Grass-For-Energy Plans
Saudi petrochemical exports reach eight-month high
Saudi Arabia deploys specialised force to protect oil facilities
Coal India to Import 10 Million Tons of Coal From Mozambique Over 5 Years
Peak Coal: the Olduvai perspective
Biofuel jets US military jet-engine
Don't get excited. Biofuels will never be produced in enough quantity to fuel an industrialized military force. -- RF
PetroChina eyes 2 European refineries

-- Got food? --
DuPont buying Danisco for $5.8 billion in food sector push
"U.S. chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing food sector."
More expensive maize could raise price of tortillas 50%
Put Horse Meat in US Diet, Slaughter Groups Say
Singapore concerned about rising food prices
For a country that imports almost 90% of its food, any price rise is serious. -- RF
Tunisia in turmoil over food prices

-- Environment/health --
Climate-induced mayhem likely to start in Bangladesh
Mediterranean Sea may be polluted with 250 billion microplastics
Oil and Gas Collection: Hydraulic Fracturing, Toxic Chemicals and the Surge of Earthquake Activity in Arkansas

-- Intelligence/security/internet --
Saudi Arabia bans blogging without a license

-- China --
China inflation rate may not change soon
China Stays World's Largest Auto Market as 2010 Sales Jump 33% on Stimulus
Beijing's property-market conundrum
China Dec iron ore imports rise to 9-month high
14 large scale coal bases to be built in China
China 2010 crude oil imports up 17.5 pct to record high

-- UK --
U.K. Financial Firms May Cut Extra 45,000 Jobs, CBI Survey Says
David Cameron in reverse on petrol price cut
Stop and search powers to return
Britain gears for possibly last census
Typical house price to lose a quarter of its value

-- US --
Southern Storm Emergency Declarations: Flights Canceled, Roads Icy
South in icy grip, as latest winter storm defies warming predictions
Northeast US saw record heat in 2010
The Amazing Collapse Of The Working Teen
California budget: $25 billion dilemma for Jerry Brown
Jerry Brown Unveils His Brutal Plan To Save California
The Jobless Recovery Hits a New Victim: College Grads
Three Million Jobs Created By The Fed, But No One Can Find Them
The Fed's Imaginary Jobs
Following Giffords shooting, ignorant lawmakers call for criminalizing certain symbols and words
Deepening crisis traps America's have-nots
Cost of gas up about 9 cents in the last 3 weeks
Lessons from Holiday 2010: There Are Two Economies
Newt Gingrich Pushing Bill To Allow States To File Bankruptcy Allowing Them To Renege On Pension And Benefit Obligations
America has 'reached the point of no return,' Reagan budget director warns
Commercial Real Estate Delinquencies Rising
At Least 10 States Have Introduced Gold Coins-As-Currency Bills
Far From Border, U.S. Detains Foreign Students

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