Wednesday, January 19, 2011


News Links, January 20, 2011

-- Global economic meltdown --
Total Global Debt Has To Double To Over $200 Trillion By 2020 To Preserve Economic Growth
Infinite growth... fractional reserve banking... insanity. -- RF
Greece's alternative economy with bartering
Northern highway likely to call halt due to insufficient capital (Vietnam)
Container Ship Rates Rising as Fuel Prices Slow Vessels: Freight Markets
China Needs Urgent Guidance on Euro Debt Risk, Yu Yongding Says
Ivory Coast Economy Risks `Catastrophic' Damage from Crisis, Ouattara Says
The outsource trend: It's not just call centers in India anymore
Germany Will Pay to Rescue the Euro: Bank CEO
Greek default plan report rejected
Greece Says No Debt Restructuring Amid `Complicated' EU Talks
Greece seeking better rates on rescue loans
Greece Unable To Repay Debt In Full, Claims Lars Feld, Designated German Government Adviser
Capital Controls Roil Latin America Bond Markets by Evoking '80s Inflation
BREAKING UP: EU Nations Will Go Separate Ways and WTO Will Collapse, Predicts Author
Spain To Bail Out Cajas, More Billions In Taxpayer-Funded Risk Transfer
CDS Spread On JGBs Up Sharply Amid Sovereign Debt Contagion
Asia to see soaring prices in 2011: Reuters poll
American eagle coins demand soars

-- Fault lines/flashpoints/military --
Mexico's Sinaloa gang grows empire, defies crackdown
Worst bombing in Iraq in months claims at least 60 lives
Lockheed Gets Big Bucks to Prep Soldiers for Urban War
There's no doubt urban-war skills will come in handy in the homeland. -- RF
Brazilian Industry Angry Over Cheap Chinese Imports
Afghan official sees big hurdles to capable army
Arab leaders warned of 'revolution'
"Arab League chief warns regional leaders that recent political upheaval is linked to deteriorating economic conditions."
Iran test Hawk missiles
Elbit supplying drones to Brazil
Thousands rally as Tunisia probes regime assets
Seventh Algerian sets self on fire: report

-- Energy/resources --
Korea scrambles to cut electricity use
Yeosu blackout may cost billions (Korea)
Vroom! Vroom! Global Oil Demand Revs Up
Vietnam to face power shortfalls in dry season, EVN says
"Low water levels of reservoirs, lack of capital and surging consumption in big cities will prompt significant power shortages in the 2011 dry season, according to the state power utility."
EDF's Solar `Time Bomb' Will Tick On After France Pops Bubble
Fuel price hikes spell doom (Namibia)
How long can Gulf countries continue subsidizing oil products?
Europe's Debt Crisis Slows Push For Green Power
China coal imports at record in Dec and on year
Japan thermal coal contract may reach $145/T in 2011- Macquarie
"Major Japanese utilities may be forced to pay nearly 50 percent more than a year ago for their largest annual thermal coal contracts as floods in Queensland push prices higher."

-- Got food? --
More FAO intervention needed to curb food prices : France
Increase in staple food prices may spark protests across the country (Kenya)
South Africa `Concerned' Rift Valley Fever May Spread Amid Heavy Rainfall
Human manure shops are a hot business in North Korea
The Humanure Handbook
Cargill to Sell Stake in Mosaic, Setting Off Another Fertilizer Chase

-- Environment/health --
Australia floods: Victoria town residents told to flee
California superstorm could destroy up to a quarter of homes in the state
Arsenic-Poisoned Water Threatens Vietnamese in `Alarming' Study
California city is the first, but not the last, to flee rising sea levels

-- Intelligence/security/internet/systemic breakdown --
Tunisia: A Digitally-Driven, Leaderless Revolution
Look for more attempts by governments toward Chinese-style internet control. --RF
Researchers' Android Trojan can "hear" credit card numbers

-- China --
China winter weather latest developments
"Around 2.2 million people are facing a shortage of drinking water due to a severe drought in parts of central, southern and eastern China, with some cities starting to run low on supplies."
China able to store 85 mln tons of oil by 2020
Rising housing prices 'exacerbate' income gap

-- UK --
Hampshire County Council to axe 1,200 jobs to save £55m
Home owners see cost of mortgage rise more than £1,000
£50m budget cut means no money for new sport centres
'Eat and run' – the fine-dining crimewave
Benefit cuts 'threaten to increase babies in poverty'
Report warns economic climate may boost drug use
Youth unemployment jumps to record high
UK unemployment total rises further

-- US --
Trillion-Dollar Banks Could Get Bigger Under Financial Overhaul Law
Gas explosion rocks Philadelphia neighborhood
Austerity In America: 22 Signs That It Is Already Here And That It Is Going To Be Very Painful
Getting ready for the looming energy and financial calamities
Walmart in New York City
Blatant Treasury Churn At The Fed: Entire POMO Consists Of Just Auctioned Off 3 Year As FRBNY Launches "Flip That Bond" Program
Muni Bond Crisis Can Only Deepen
Bankrupt Vallejo, California, May Repay Lenders as Little as 5% of Claims
There you have it. This is just a harbinger — the festivities are about to begin! -- RF
Goldman profit slides as bond trading wilts
More Guard, Reserve Soldiers Are Committing Suicide
2010 was second worst year for home construction
Wyoming House bill would force DUI tests
Mayor Bloomberg Vows No New York City Tax Increase as He Confronts Deficit
Protestors disrupt Mortgage Bankers Association Conference
U.S. for sale - Uncle Sam's real estate play
Even budget deficits are bigger in Texas
Bet the farm: Cropland prices soar 20%
Social Security Is in Far Worse Shape Than You Think

And finally... Vladimir Putin's 'mistress' planning Barbie-style doll of herself

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