Wednesday, February 16, 2011


News Links, February 17, 2011

-- Global economic meltdown --
The Collapse of the Yen: The Big Break is Near
European Sovereign Debt Crisis Deepening - Risk of Contagion and Bond Market Crash
Bank Run In Ivory Coast
Chinese Demand For Gold "Explosive"
China Inflation: Getting Worse and Coming To A Wal-Mart Near You
Foreign workers needed: Japan formin
Totally old paradigm. The Japanese leadership is in for a rude awakening. They have already forgotten how they chased hordes of foreign workers back to South America when the automobile industry slumped a couple of years ago. -- RF
Finding cheap airfares will be hard this summer
Debt deal: 'History will condemn us' if U.S. punts
Silver Coins sales boom in India

-- Fault lines/flashpoints/military --
Iran warships to 'transit Suez'
Israel anger at Iran Suez Canal warship move
Israeli FM Threatens War With Iran Over Suez Warship Claim
Iran regime calls for 'hatred' rally against opposition
Iraqis attack government offices
"Three people killed in clashes with security forces as protesters break into public offices and set buildings on fire."
Egypt-inspired protests gain pace across region
Anti-government protests spread across Yemen
Protests no longer need permission in Jordan
Libya Protests: Anti-Government Demonstrations Spread
Riot breaks out in Libyan city of Benghazi
Protesters occupy Bahrain square
Arab uprisings puts spotlight on Saudi unemployment
"Banque Saudi Fransi (BSF) said that youth unemployment, which is almost four times greater in some age brackets than the official 10 percent unemployment figure, is one of the foremost challenges facing the country."
Shanghai Cooperation Organization: Russia, China Probing for Advantage
US customs agent shot dead in Mexico
Drug gang shot U.S. agents, Mexican governor says
Mexico risks losing large areas to drug cartels
"Mexico is struggling to avert a collapse of law and order along its northern border in a region that generates a quarter of its economic output, with two states already facing the threat of criminal anarchy.
Even after four years of dramatic military sweeps, drug cartels in Chihuahua and Tamaulipas are extending their control over large areas and the state governments seem powerless to stop them."
Many will recall this story from January 18: Gang's terror felt far from drug war on US border
Microwave Weapon Designed to Render Electronics Useless

-- Energy/resources --
North Sea on-year output dives (Upstream Online)
"North Sea oil output will fall by 8.6% in March from a year earlier, illustrating the gradual drop in supply from the home of the Brent benchmark used to value two thirds of the world's oil."
Shale Gas Faces Difficulties in Europe
Exxon Struggles To Find New Oil
Tanzania power cuts worsen after drought
Why Big Wind Power Won't Work
Brent Crude Passes $104
Peak Oil Is Real But The "Paper Barrels" Of Arab Countries Are Not
Ethanol output to hit 88.7 billion litres this year
And that could well be peak ethanol. -- RF

-- Got food? --
Food Riots Threaten Latin America on Surging Commodities
Mexico freeze leads to veggie shortage
Rising world food prices may soon hit Africa hard, but could be a future boon
Investment by big agribusiness will backfire. -- RF
FT: West Rejects N Korean Call For Food Aid

-- Environment/health --
What is coal's true cost?
Researchers Link Extreme Rains To Global Warming

-- Intelligence/security/internet/systemic breakdown --
Clinton Demands Net Freedom Abroad as Domestic Restrictions Loom
"Clinton's speech came a day after the House voted to extend to December 8 three controversial domestic spy provisionsof the Patriot Act. And Customs officials seized 18 more internet domains without giving the pirate website owners a chance to challenge the forfeiture."
US government accidentally shuts down 84,000 websites during child porn raid
China Blocks U.S. Push on Web Freedom
Pentagon Warns Of 'Destructive' Cyber Attacks

-- China --
China gold demand growing at "explosive" pace: ICBC
Spokesman: China has enough grain reserves
Rents continue to soar in China's top-tier cities
Small, mid-sized companies turn to pawnshops for loans
Thousands of cameras watch China's Uighurs, inhibiting discourse
China, Tired Of Manipulating Home Price Data, Suspends It

-- UK --
Third of Scotland's roads in 'unacceptable condition'
Climate change doubled likelihood of devastating UK floods of 2000
Inflation will rise sharply, says Mervyn King
Youth unemployment hits record
"Youth unemployment has hit a record level, with nearly one million school leavers and graduates out of work, raising fears of a generation lost to worklessness."
UK Stagflation Worsens, As Unemployment "Unexpectedly" Rises

-- US --
Obama says he'd stop adding to debt, but that's not true
U.S.consumer debt down significantly
L.A. Unified OKs 'doomsday budget'
Banks Push Home Buyers to Put Down More Cash
Chicago Population Sinks to 1920 Level
This is Flint, Michigan, in all its pain and all its glory
Wisconsin Seeks to Gut Unions to Rein In Costs
Union Changes In Wisconsin Spark Protests
Local Muni Bond Defaults May Be Likely: Kyle Bass
Another person comes around to Meredith Whitney's view. -- RF
Borders Goes Bust: Are There Too Many Stores in America?
In Prison Interview, Madoff Says Banks 'Had to Know'
Population Adjusted Retail Sales and the "Real" Retail Sales Depression
Two Charts Illustrate How the Great Recession Never Really Left Us
Ron Paul: 'Government is in the process of failing'
Welcome to the Pothole Nation
"Repairs have become an unaffordable luxury for cash-strapped cities and states."
How the middle class became the underclass
Geithner: Entitlement Programs Key To Cutting Deficit

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