Tuesday, January 18, 2011


News Links, January 19, 2011

-- Global economic meltdown --
US and China summit: The clash of currencies
China: The new landlord of the U.S.
'No Reasonable Prospect' Of Dollar Losing 'Reserve' Status, Geithner Says
Fianna Fáiled: Ireland Prints 25% of its GDP in German Euro
Cuba Issues 75,000 Self-Employment Licenses
U.S. in Debt Crisis Without Spending Cuts, Pimco's Kashkari Says
ECB Allows Irish Central Bank to Counterfeit 51 Billion Euros
"Ireland central bank counterfeited 51 billion Euros out of thin air. The amount is not backed by government bonds. Nor was it a loan from the ECB or anyone else. The money is counterfeit in every sense of the word."
Silver Bar Shortages to Lead to Price "Tipping Point"?
Anthony Bolton: 'Gold is the only commodity to buy'
Three Sovereign default risks lurking in ... Asia (Japan, China, Vietnam)
November TIC Data Update: China Treasury Holdings Decline By $11.2 Billion
Employment 'ice age' shows no signs of thawing (Japan)
Arab world needs 40m new jobs in next 20 years
It ain't gonna happen. -- RF
Passenger travel in the industrialized world has been stagnant for nearly a decade

-- Fault lines/flashpoints/military --
Could Tunisia be a tipping point for the Arab world?
Tunisia's new government implodes on day one
Inflation row heats up across India
Opposition parties in Andhra protest petrol price hike (India)
Chile evacuates tourists stranded by violent protests over natural gas prices
Afghans irate over fuel blockade, protest high prices
Afghan traders halt deals with Iran over fuel ban
Fuel Costs Spike In Afghanistan As Iran Flexes Muscle
Pirate attacks at 7-year high last year, mostly Somali
Pirates seized record 1,181 hostages in 2010 - report
Arrr! Pirates Take Up to $12 Billion Worth of Booty
Ahoy, mate! Pirates are just getting warmed up. -- RF
Terrorist attack on global supply chain could threaten food, medical and fuel supplies
Guatemala army no match for Mexican drug gangs
Mutilated bodies found near Mexico's richest city
50 years later, Eisenhower's grim warning on military profit rings true

-- Energy/resources --
Gov't orders heat off amid energy crisis (SKorea)
Rio's Iron Ore Output at Record High, Floods Hit Coal
Jump in aviation fuel prices will lead to soaring airfares (India)
Europe Gasoline-Rallies further to 28-mth highs
Pakistan: Country faces serious energy crisis: Shahbaz
Power blackout hits six Venezuelan states
Iranians say goodbye to 10 cent gasoline
IEA: Oil Output Needs to Increase
Natural gas demand in Southeast Asia expected to rise 18%
Exxon, Shell, and Aramco Admit the Peak is Real

-- Got food? --
Sudan Next To Succumb To Bernanke's Inflationary Experiment, As Country Threatens Revolution Over Surging Food Prices
Record Food Prices Causing Africa Riots Stoke U.S. Farm Economy
Governments that gave up food sovereignty are going to be regretting it in the near future. -- RF
World Food Prices Expected to Stay High or Keep Rising
Arab States Buy up Vast Tracts of African Farmland as Food Prices Skyrocket
Why Are Commodity Prices Rising? Let Me Count the Ways
UN Warns Of Shortfall In Fight On World Hunger
Sudanese stage new protests against soaring food prices, clash with riot police
Pork price rise likely, exec says (US)
Forget Food Riots In Africa, Simon Black Says The Canary In The Inflationary Coal Mine Is In Southeast Asia
Wheat Advances, Corn Extends Rally as Grain Demand Climbs, Inventories Ebb
Algeria buys wheat to avoid shortage, unrest -source

-- Environment/health --
Many wells in Vietnam's Red River delta contaminated

-- Intelligence/security/internet --
Did a U.S. Government Lab Help Israel Develop Stuxnet?
Shinkansen train paralysis blamed on overloading of computer system (Japan)
India plans use of Israeli spy sats for coastal surveillance
Spy Animals: Birds, Cats, Squirrels And Insects Used For Espionage

-- China --
China's Lending Hits New Heights
"China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing's economic reach and its drive to secure natural resources."
Food price hike big headache for many Chinese
"The food price rise was responsible for 74 percent of the increase of the CPI, the main gauge of inflation, in November 2010."
China Cuts 2011 Lending Target by 10%: Report

-- UK --
Campaign grows against cuts that would shut 375 libraries
U.K. Inflation Accelerates More Than Expected to 3.7%
Fuel discounts for remote rural areas 'not in Budget'
'Collapse' in new jobs, warns union
Elderly are left £700 a year worse off as inflation jumps
Fuel Rationing in U.K. Needed by 2020 to Cut CO2 Emissions, Lawmakers Say
Japan uses the same disingenuous logic of cloaking the energy crisis in language calling for a need to reduce CO2 emissions. -- RF
One in three Hackney families too poor to heat their homes

-- US --
Tim Pawlenty: Congress Is Sitting on Top of a Ponzi Scheme
"Pawlenty is advocating legislation that would block any attempt to raise the debt ceiling, while putting in place a rule prioritizing spending so that the US wouldn't default on its debt when the ceiling is hit."
Youth more radically opposed to present government than tea parties, poll finds
"Predictions of a youth uprising sweeping the United States in 2011 appear to be turning increasingly true, according to a recent poll."
The myth of 'American exceptionalism' implodes
More fees likely to zap air travelers
Rising gas prices bring spending trade-offs
Without aid, half of Detroit public schools may close
'Feed A Friend,' A Program To Feed Homeless, Shut Down By Houston Health Department
Collapse of the Tax-Free Bond Market
The new 'misery index' ticked up in November
IT'S OFFICIAL: College Students Learn Next To Nothing
Muni bond default concerns are real
"Meredith Whitney is not crying wolf."
States Warned of $2 Trillion Pensions Shortfall
"US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey's pension fund."
High Oil Price = Faster Economic Decline For America
Rich Raise Spending With Little Help From Middle Class
Insider Selling To Buying Ratio: DIV/0, As No Insiders Bought Any Stock In Prior Week
In Florida, Virtual Classrooms With No Teachers
Obama may cut Social Security, Sen. Sanders tells Raw
Four reasons Buffett's legacy will die by 2020

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And finally...
Starbucks Trenta, Illustrated: How The New Size Compares To The Human Stomach
Americans hire witches and shamans to clear bad vibes out of foreclosed homes

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