Friday, February 18, 2011


News Links, February 19, 2011

-- Global economic meltdown --
European Sovereign Debt Crisis in Pictures; Nothing Solved Yet, Credit Stress Close to All Time Highs
German Banks' Debt Downgraded By Moody's on Restructuring Act
"German banks' subordinated debt securities valued at 24 billion euros ($33 billion) were downgraded by Moody's Investors Service on the prospect that new legislation will increase the risk of losses among debt holders."
Foreign investment in Russia plunges 50% in 2010: minister
Europe faces worst youth unemployment problem in decades
China raises bank reserves to record 19.5% in inflation fight
Acute Liquidity Crisis In Europe Confirmed As Borrowing Surge On Marginal Lending Facility Continues For Second Day
Japan's Yanagisawa Says Doubling of Sales Tax Needed to Shore Up Finances
Bank run fears engulf savings bank industry (SKorea)
Beyond The False Dawn: Global Crisis 2020-2022
Fed won't fall on its sword, Bernanke says

-- Fault lines/flashpoints/military --
World On Fire - Mapping Last Week's 88 Global Protests
Arab protests grow as crackdowns toughen
Yemen observes 'Friday of Fury'
"At least three killed as tens of thousands of demonstrators, both pro- and anti-government, march in several cities."
Libya protests: Rallies continue after 'Day of Rage'
Libyan troops attempt to put down unrest in east
Cairo braced for 'victory march' to mark Mubarak's fall
Mideast violence spreads to home port of U.S. 5th Fleet
Iran's Revolutionary Guard pledges not to fire on anti-government demonstrators
Fresh protests hit Iraqi cities
"Reports of deaths as thousands turn out to demand better service delivery and jobs from government."
Bahraini troops fire on peaceful protesters in chaotic scene
Bahrain royal family orders army to turn on the people
Djibouti: Ismael Omar Guelleh faces huge protest march
Mexico's refugees: a hidden cost of the drugs war
U.S. vetoes U.N. draft condemning Israeli settlements
"The United States on Friday vetoed a draft U.N. Security Council resolution condemning Israeli settlements on Palestinian territory after the Palestinians refused to withdraw the Arab-drafted text."
Egypt OKs Iran warships through Suez Canal
Gulf expo could boost Mideast arms sales
5.4% Increase in Singaporean Defense Budget
With oil and food costs rising, it looks like 2008 all over again

-- Energy/resources --
Japan's 10 Power Utilities Burn 49% More Fuel Oil in January
Krugman doesn't get it (Richard Heinberg)
"Economist Paul Krugman (among others) is trying to explain away the worrying signs we've seen recently about supply limits in energy and food with claims that it's all a matter of distribution."
New deepwater oil containment system ready to go
Acute shortage of power leaves city sweating for hours (India)
Egypt's Declining Oil Fields Lead to Growing Reliance on Natural Gas
Peak Oil is Not a Future Event – Saudi Arabia's Overstated Reserves Help Prove This
And it's not just Saudi Arabia. Check out the graphs. -- RF
Made in China: World's Harshest Water Shortage
Many OPEC ministers may not attend Riyadh meet
OPEC ready to boost oil supply on demand - Mr Al Hamli
Deepwater Commission: "Complex Systems Almost Always Fail In Complex Ways"

-- Got food? --
G20 meeting urged to act on food price inflation
The Impact Of Rising Food Prices On Arab Unrest
Climate change scientists call for food rationing to reduce carbon emissions
Farmers hit by high prices of fuel and inputs (Kenya)
Analysts: Regional Cooperation Needed to Manage Asia Food Supply Shocks
Hyper-caffeinated coffee prices hit 14-year high

-- Intelligence/security/internet/systemic breakdown --
Bahrain Internet service starting to slow
Destructive cyber attack inevitable: NSA chief
FBI urges Congress to expand Internet wiretapping
Botnet Victims Increased 654% In 2010
Revealed: Air Force ordered software to manage army of fake virtual people

-- China --
Will Massive Debt Derail China's High Speed Train Plans?
China's Car Sales Growth Slows to 16% After Tax Incentives End
China's Home Prices Defy Curbs, Rising in 68 of 70 Cities
China Announces Plans to Make 1 Million Electric Cars Per Year By 2015
China Drafts Measure to Control Food Prices
China now in the grip of a labor shortage

-- UK --
Ireland turns to bankruptcy tourism
"Bankruptcy in Britain offers a way out for Irish entrepreneurs crushed by debt from heady property boom"
Turn-off for 2,000 more street lights

-- US --
Leaders up the ante on government shutdown threat
Government shutdown is likely, Pelosi aide says
Union battle echoes beyond Wisconsin: 'We're fighting for our very existence'
"Other states are watching Wisconsin's bid to virtually break labor unions as a means of cutting huge deficits. Unions in Wisconsin and beyond see this as a Waterloo moment."
Wisconsin Protests: Russ Feingold Rallies Protesters In Madison
Wisconsin battle lines harden over union curbs
Sen.: Wisconsin Dems to stay away for days, weeks
Republicans Target Unions Across State Capitols
Governors want more power over public workers' benefits
Madison protest: Unions are angry – but Wisconsin should go even further (CSM)
"Union protests in Wisconsin have intensified pressure on Governor Scott Walker's bold plan to curtail public-sector union power. For the sake of fiscal health, Wisconsin should go even further by prohibiting all collective bargaining in the public sector."
Bill in Ohio aimed at public worker unions
US 2011 Inflation: 10.6%?
Water main breaks skyrocket in Kansas City
Exclusive: States Facing Massive Medicaid Budget Crunch
Need for food aid surges in San Luis Obispo, Cali
As certain as death and taxes and, well, death taxes
Mexican drug gang Zetas suspected in US special agent killing
Costly Snow Removal May Force Budget Cuts in Suburbs
Regulators shut Georgia bank; 19th failure in 2011
Brown's Order Spells an End to California's Freebies
In 2011, Non-farm Payrolls Have To Grow By 121,000 Per Month Just To Keep Up With Population Growth
Get Out of My Way, You Jerk! (on sidewalk rage)

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