Tuesday, January 04, 2011


News Links, January 5, 2011

-- Global economic meltdown --
European nations begin seizing private pensions
Brazil Is Poised to Pressure Beijing on Currency Policy
And Now People Are Starting To Freak Out About Commercial Real Estate Again
Japan: Most companies now say economy leveling off instead of expanding
Japan's Prime Minister Urges Talks on Raising Consumption Tax
A call in France to end 35-hour work week
Inflation in eurozone hits 2.2 percent
New world order will see farmers and miners in charge
Unless peasants and miners are exploited ruthlessly as they have been throughout history. -- RF
Cash-strapped Cuba moves ahead with job cuts
S. Korea expects $1 trillion GDP in 2010
But they're not sure if they can keep the lights on. Where will the energy come from? -- RF
Are German Banks Next To Seek Putback Claims From Bank Of America?
Baltic Dry Plunges 4.5%, At Lowest Level Since 2009
Italian Banks Declare War on Cash as Consumers Pass on Using Credit Cards
"Cash is king in Italy."
Global systemic crisis: Second half of 2011: Explosion of the Western public debt bubble
"The second half of 2011 will mark the point in time when all the world's financial operators will finally understand that the West will not repay in full a significant portion of the loans advanced over the last two decades."
Commodities outlook for 2011: $100 oil and $1,500 gold

-- Fault lines/flashpoints/military --
Dealing With a Rising China (DoD Buzz)
Pakistan: Civil disobedience if hike in POL prices not withdrawn: PTI
China's New Stealth Fighter Is Revealed
India Police File Case Against Citigroup's Pandit, Other Executives
Iran invites Russia and China, but not US and allies, to tour nuclear facilities
Japan: DPJ to consider permanent law allowing dispatch of Japanese forces overseas

-- Energy/resources --
Global Steelmakers and Miners Race for Coking Coal Reserves
As steelmaking is central to industrial civilization, the importance of such a shortage cannot be overstated. I'm sure everyone recalls that many blast furnaces around the world were shut down after the crash of 2008. -- RF
Chinese Demand Hot for Met-Coal, Suppliers Rally in Shortage
"We think that global metallurgical is going to be in short supply for the foreseeable future."
Crisis Triggers Reality Check in Spain Power Sector
Moscow region threatened by more power chaos
Will 2011 be a rerun of 2008?
Copper price hits another record high
Australia Floods Swamp Profit at German Coal Power Plants: Energy Markets
Saudi Arabia's 2010 Oil Production Exceeded OPEC Quota by 4.3%, U.S. Says
"Saudi Arabia pumped 8.4 million barrels a day of crude oil in 2010, 4.3 percent above its OPEC quota, as it used more crude to meet growing domestic demand."

-- Environment/health --
Atlantic currents have seen 'drastic' changes: study
Researchers Find "Alarming" Decline In Bumblebees
Gulf residents track washed up gunk
'Fracking' Pollution In Water: Pennsylvania Allows Natural Gas Drilling Waste Disposal In Waterways

-- Intelligence/security/internet --
Volunteer Cyber Army Emerges In Estonia
The next internet disaster, and the next...
US: Court OKs searches of cell phones without warrant
US: Miami-Dade police buy drones

-- China --
Commercial-Paper Sales to Rise 20% as Loan Curbs Boost Rates: China Credit
Car dealers say Beijing auto rules hurt
China provinces spurn Beijing, target sizzling growth
China c.bank sees 2010 GDP growth at around 10 percent
China Unveils New Rules Against Price Collusion
China's consumers simultaneously save and destroy the world?
Expert warns it could take 300 years to recover desert land resulting from over-cultivation and water demands

-- UK --
Pension not offered by 'two-thirds of small firms'
Health chiefs prepare for flu case surge

-- US --
Forecast 2011 - Gird Your Loins for Lower Living Standards (Kunstler)
America's 10 worst years start right now (Farrell)
"2011-2020: Rich get richer, market crashes, empire ends"
Brown serves up hot dogs, austerity for California
Top Republican vows weekly cuts in U.S. spending
Strained States Turning to Laws to Curb Labor Unions
U.S. to detail $100 billion in Pentagon savings, cuts: sources
"Marine Corps General James Cartwright told investors in December that the U.S. defense budget would likely decline in coming years."
He has no idea. -- RF
Amherst Securities: The Mortgage Loan Problem Is Much Worse Than You Think
Construction spending: Nonresidential projects hit hardest
Fed sees "fairly high" bar for stopping bond buys
Giant Vampire Squid Alert!
Unemployment Rises In Two-Thirds Of Metro Areas
Obama set to sign '21st century' food safety bill
It's Not Your Imagination: Your Juice Has Been Downsized
"Companies are attributing the downsizing to rising costs for ingredients and energy."
America's favorite brands are slimming down
Bloomberg's "Chart Of The Day" Is The Latest Amusing Attempt To Create A Gold Selling Frenzy
"The motive is clear: get people to abandon the safety of hard assets and throw their lot into the ponzi scheme."
Investing Dying as Computer Trading, ETFs & Dark Pools Proliferate
Real "Showdown" Coming Over U.S. Debt Ceiling ... or Just More Political Theater?
State and Local Government budget cuts: A 2011 Theme
Maine: A Constitution-Free Zone?
Mutual funds post worst year ever

And finally... 'Unkillable' cow puts elderly man in hospital

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