Thursday, January 06, 2011


News Links, January 7, 2011

-- Global economic meltdown --
EU plans for bondholder haircuts unsettles debt markets
Euro Declines Below $1.30 on Concern Europe Will Struggle to Raise Funds
Dollar assets should be cut: Chinese official (People's Daily)
"China should now reduce its holdings of dollar assets as far as possible, rather than increasing holdings."
World Bank makes history with its first yuan bond sale
For Indian Banks, It's Time to Pay
Soros Mistrusts EU Aid as Irish Default Risk Soars
Europe Needs Tough Stress Tests: UK Finance Minister
Microlenders accused of 'sucking blood from the poor'
Why the World Is Financially Doomed in Four Charts
Fed's Hoenig says gold standard "legitimate" system
Baltic Dry Free Fall Continues: 4%+ Drop For 3rd Consecutive Day, At Lowest Since April 2009

-- Fault lines/flashpoints/military --
Back From Exile, Sadr Vows To Resist U.S., Help Iraqis
Gas pipeline blown up in Pakistan
It begins: Algerian youth protest high prices
"Protesters in the capital throw rocks at police, set trash bins and tyres on fire, and chant anti-government slogans."
The return of food riots (Foreign Policy)
U.S. building a network to hit militants
Pentagon ratchets up savings drive, to trim troops
Brazil police move into Rio de Janeiro gang strongholds
Indo-French Naval Exercises Set To Start
Japan foreign minister, US state secretary agree to accelerate talks on deepening alliance

-- Energy/resources --
China's Hubei cuts power to steel cos as coal shortage hits
Draining flooded Australia mines could take weeks
BlackRock's Rice Sees Coal Stocks Doubling as Oil Nears $100
India's JSW Steel to Import 40% More Coking Coal Next Year
India's coal production to drop, prices to increase; power companies may feel the heat
The Queensland Flood is Coming to Your Neighborhood (Tom Whipple)
Pemex 2010 Output Falls to Lowest Level in 20 Years
Thailand: Govt to subsidise diesel
FACTBOX-Five facts about Mexico's Maya heavy crude oil blend
"Exports of Mexico's Maya heavy crude oil blend are expected to fall by more than 10 percent in 2011 due to increased domestic demand and a lack of new production."
Supply Side Ramifications of the Gulf Spill
Pakistan government reverses unpopular fuel price rise
Just as in Bolivia, this is only going to result in greater price-rise shocks in the future. -- RF
How Oil Could Kill the Recovery
Japan to build pier, freight platform for Okinotori
Qatar's Barzan field project to cost $8.6bn
China 2010 oil refining capacity tops 10 mln bpd -report
Iran, Kuwait say no to increasing crude supply

-- Got food? --
Zoellick: G20 must act to stabilise food prices
Food inflation threat moves to top of Asia policy
Food Price Surge Puts Strain On India's Poor
The coming hunger: Record food prices put world 'in danger', says UN
Crop failure impels Indian farmer suicides
"More than 17,368 Indian farmers killed themselves in 2009, the worst figure for farm suicides in six years."
India students demand lower food prices under threat of protests

-- Environment/health --
Study: Undersea bugs ate natural gas released in oil spill
What's killing bumble bees? Some species' numbers down 96 percent.
Shift of Earth's magnetic north pole affects Tampa airport
"The Birds": Mapping The Global Mass Animal Deaths Graveyard

-- Intelligence/security/internet --
Global spam e-mail levels suddenly fall
Is Facebook Just the Beginning Of Another Internet Bubble?

-- China --
China Battles Rising Prices, Consumer Discontent
China pledges more efforts to upgrade rural power networks
10 million workers needed for coastal region: experts
Land supply drops in Shanghai
China plans Burj Khalifa copy
Medicinal herb price soars in China

-- UK --
Warning over mortgages and rent paid on credit cards
Food costs hit record high as minister admits prices are 'a worry'
Palm Oil Advances Gains as Dry Weather Threatens Argentina Soybean Harvest
Fifth of secondaries 'in the red'
11 more flu deaths recorded across UK
Contaminated eggs imported to Britain

-- US --
US Gov't Seen Hitting Debt Limit in March or April
Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"
Promised $100 Billion Cuts to Come Next Year: Ryan
Blue Shield of California seeks rate hikes of as much as 59% for individuals
Census: Number of poor may be millions higher
"The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans — many of them 65 and older — struggling in poverty due to rising medical care and other costs."
Rights groups denounce proposed bills to remove 'birthright citizenship'
Geithner presses Republicans to lift U.S. debt limit
End of free checking? Bank of America to test account fees
Will gold become currency in Utah?
Gallup Finds Unemployment Increased In December, Underemployment Is At 6 Month High, Blasts Government Data Fudging

And finally... Exorcism Reality Show 'The Exorcist Files' Planned By Discovery Channel And Vatican

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