Thursday, January 13, 2011


News Links, January 14, 2011

-- Global economic meltdown --
Global economic growth to slow in 2011, says World Bank
World Bank: China To Drive Asian Growth
Japan PM to tap fiscal hawk in new line-up: report
Spanish Banks Not Reliant on ECB: Finance Minister
Seoul Takes On Inflation
EU's New Drive to Contain Euro Debt Fire May Still Fall Short
David Cameron refuses more euro bail-outs
European Parliament visitor centre £4 million over budget
Is China's European Rescue Just A Big "Bait And Switch"?

-- Fault lines/flashpoints/military --
Brazil mulls underwater base to guard oil
Lebanon's president declares Hariri caretaker PM
Mexico drug wars have killed 35,000 people in four years
Bit by Bit, a Mexican Police Force Is Eradicated
S. Korea seeks to double number of anti-submarine drills with U.S.
Gates warns on North Korea, eyes Japan ties
Gunshots fired as Tunis protests continue
France, Britain To Hold Weeklong Air Exercise
Tunisia: Government resorts to hacking to stamp out coverage of unrest
China: More Latin America Energy Investments

-- Energy/resources --
S Korean gov't warns of blackout, calls for cut in electricity use
Brent oil price at 27-month high
Consumer Inflation on the Rise: The New World Order by Commodity
Alaska Pipeline Problem Signals Future Oil Shortages
Another Oil Shock Coming?
EU Officials in Visit to Azerbaijan to Secure Natural Gas Supplies
EU looks for long-term energy plans
"More than $1.3 trillion, meanwhile, is needed to upgrade what the commission described as a pan-European electrical grid."

-- Got food? --
Dennis Gartman: Food Supply Has Just Been Materially Reduced
The world is only one poor harvest away from chaos (Lester Brown)
Hard times as price rises bite around the world
Prices Soar on Crop Woes
On the verge of a global food crisis (Forbes)
India to Import Onions From Pakistan as Inflation Is Poised to Accelerate
India may opt for ban on wheat product exports

-- Environment/health --
No. of H1N1 flu patients surging since New Year's onset (Japan)

-- Intelligence/security/internet --
Argentine government suffers Internet outage
Patriot Act up for renewal and no one notices

-- China --
Frigid weather in South China to impact oil, power supply: analysts
Cold weather in China creates energy woes
China Promises To Kill The Rich

-- UK --
Government to announce retirement age shakeup
Manchester job cuts: city 'becoming like Life on Mars'

-- US --
Food stamps: More Americans keep signing up
2010 home foreclosures top 1 million for first time
The Foreclosure Dump
Foreclosure Filings in U.S. May Jump 20% From Record 2010 as Crisis Peaks
Illinois Seeks To Issue $8.75 Billion Bond To Pay Overdue Bills As Muni Issuance Market On Verge Of Shutdown
Mess in Illinois Only the Beginning of States' Budget Woes
"The wolf is at the door."
Issues Keep Mounting, Municipal Bond ETFs Get Crushed
"The persistent call from Meredith Whitney calling for more and more municipal bond defaults rising well into the billions in 2011 and beyond is now mixed with a more broadly-perceived notion that there is a real risk greater than in the past to those holding municipal bonds."
Don't Worry - They'll Just Change the Rules (Chris Martenson)
The Draw on Crude Oil Supplies Continues
Jobless claims jump, wholesale food costs surge
Geithner Shovels Even More Bailout Money To Bank Of America
Prices for producers climb 1.1 percent
Gov't moves to limit speculative commodity trades
As usual, everything will be blamed on speculators, while head-in-sand denial about fundamental problems continues. -- RF
Bill Daley's Appointment Proves "The Bankers Have Won Completely," Simon Johnson Says
Consumer loan "recovery" is bogus
US Mint Reports Unprecedented Buying Spree Of Physical Silver
Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks
Texas May Eliminate 8,000 State Jobs to Avert Tax Increase, Dewhurst Says
IRS Proposes Requiring U.S. Banks to Disclose Accounts Owned by Foreigners
The Primary Dealer Scramble To Dump Recent Issuance Continues
Banks reporting phantom income of $1.4 T on delinquent mortgages
Giant weapons maker becomes Big Brother
"A for-profit government-in-the-making"

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