Friday, February 11, 2011


News Links, February 12, 2011

-- Global economic meltdown --
In China, Tentative Steps Toward Global Currency
Bank of Korea Unexpectedly Leaves Interest Rate at 2.75% as Growth Cools
German Inflation Accelerated in January on Energy, Food Prices
Vietnam Devalues Dong by Record 7% as Officials Seek to Curb Trade Deficit
Rich Get Richer When Governments Tout Austerity
HKEx could look to join hands with Nasdaq and CBOE
Spain mandates cajas raise capital
How the Government Will Take Control of Your Retirement Account
I've cautioned repeatedly that pensions and "retirement" will disappear. -- RF
South Korea May Be Forced to Raise Rates in March As Price Pressures Mount

-- Egypt --
Hosni Mubarak resigns – and Egypt celebrates a new dawn
Is Mubarak Heading to Germany?
Could Hosni Mubarak End Up in L.A? He Reportedly Owns Property in Beverly Hills
Mubarak's Unfathomable Wealth — Reports Say Mubarak Likely the World's Richest Man
Mubarak assets frozen by Swiss government

-- Fault lines/flashpoints/military --
Mexico Will Follow Egypt Into Collapse
"Mexico seems likely follow Egypt into collapse within two years based on falling oil revenue and rising food prices."
Bolivian President Evo Morales flees food price protest
"President Morales is facing a wave of protest over rising food and transport costs and a shortage of sugar."
Japan foreign minister in Moscow amid islands row
Russia's renewed focus on Kuril Islands draws Japanese ire
Russian FM talks tough to Japan FM on dispute with Japan
Threat From Somali Piracy Rising for Global Shippers
Pirate threat: Weapons coming from Asian terror networks, say experts
Ahmadinejad: Egypt Shows Middle East Breaking Free Of 'American Interference'
Hundreds of Iraqis protest lack of basic services
Thousands of south Yemen protesters demand secession
Algeria prepares for day of protests
China stands behind resource-rich Zimbabwe: foreign minister
Large Oil tanker Seized by Somali Pirates – Military Action Not Far Off
Scores killed in southern Sudan
Gunmen kill 8 in violent north Mexico city
US contractor in Pakistan accused of 'cold-blooded murder'
US Aircraft Carrier Deployment Update - February 9

-- Energy/resources --
Bought out by the Chinese: A Look at Chinese Takeovers
How electronics boom is creating surge in demand for rare metals
The BRIC Self Sufficiency Index
China to bring major rare earth mines under state control
Despite High Prices - There is no Bubble in Commodities
Saudi Lies And American Stupidity
Russian Oil Output Growth Will Be 'Impossible,' Bernstein Says
"Russian oil production growth is close to "impossible" because of rising costs and field depletion, Sanford C. Bernstein & Co. analysts said."
Oil demand to hit record, OPEC boosts output - IEA
Do I Hear $150? Oil Prices Could Go Up "Very, Very Fast," Says Stephen Leeb
Top oil benchmarks poor fundamental indicators, OPEC says
Texas Electricity Blackouts Enabled by Feedback Loops; Reliance on Competition
"It seems to me that the United States is headed for more electrical blackouts, as we try to press our grid system to do more and more (for example, charge autos at night) and add additional unconnected parts (such as wind turbines) to the system."
China Eyes Mideast's Energy Resources

-- Got food? --
North Korea Reports Foot-And-Mouth Outbreak Amid Food Shortages
With global grain prices surging, corn ethanol looking dumber than ever
Hungry Afghanistan faces prospect of drought in 2011
FAO, IMF anticipate more civil unrest and protests because of soaring food prices

-- Environment/health --
Growing number of farm animals spawn new diseases, world food security threatened

-- Intelligence/security/internet/systemic breakdown --
Pentagon's Prediction Software Didn't Spot Egypt Unrest
Back to the drawing board. -- RF

-- China --
PBOC plans overhaul of money policy
Car sales drive to monthly high

-- UK --
U.K. Output Prices Increase Twice as Much as Forecast
For U.K. Banks, a Calamity Is Born
"U.K. bank regulators are launching a new type of "stress test" that forces banks to consider unlikely but potentially disastrous scenarios like a flu pandemic or disruptions to the country's food-supply chain."
Fuel billing system 'leading to deaths'
"Every year the cold weather brings illness and death. Across the UK each winter there are, on average, more than 30,000 fatalities caused by low temperatures."
British shops 'will need Chinese currency' amid China tourists surge
12,000 children 'missing' from education
Birmingham City Council 'to shed 7,000 jobs'
West Sussex County Council to axe up to 1,300 jobs

-- US --
Among Obama's tough budget cuts: money to help needy pay for heat
Illinois considers ads on license plates
"Flip That Bond" Continues As Primary Dealers Divest 75% Of Just Auctioned Off 7 Year Bond
Obama Administration: Not Everybody Should Own A Home
Massive gas explosion rocks Ohio countryside
US Trade Deficit Widens to $40.6 Billion in December
Gas pump prices highest ever for this time of year
New Jersey Rating Cut Shows Pension Gaps May Boost State Risks
"As pension liabilities rise, investors such as Allstate Corp., the largest publicly traded U.S. home and auto insurer, are reducing municipal-bond holdings."
M2 Grows By $40 Billion In One Week, Hits Fresh All Time High
Another Bill Introduced To Rescue Floundering Muni Bond Market
Why this, if muni bonds are in no danger? -- RF

And finally... Dick Cheney Heckled, Called 'War Criminal' At CPAC
I'm shocked. -- RF

<< Home

This page is powered by Blogger. Isn't yours?