Tuesday, February 01, 2011


News Links, February 2, 2011

-- Global economic meltdown --
IMF: Global rebound 'not the recovery we wanted'
Could China Be Forced To Bring A New Global Recession by 2015?
Manufacturing, Price Pressures on the Rise in Asia
Korea Aims to Tame Price Pressures
Asia Faces Overheating, `Hard Landing' Risks, IMF Says
Shocking New Failures Possible in the U.S. and Overseas
"No one — either in the U.S. or in the region — has a clue regarding the end game in the Arab world. Nearly all analysts have continually underestimated how far the upheaval can spread … how quickly governments can fall … how directly oil supplies can be crimped … and how broadly the crisis can impact the global economy."
Swiss Banks in for a Pounding Over Banking Secrecy – Why you Should Go Long Gold
US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month
Egypt unrest leads to re-routing of container ships
IMF, warning of war, says ready to help Egypt
Ivory Coast Defaults On $2.3 Billion In Bonds, Bonds Rise, Cocoa Drops

-- Egypt --
Muslim Brotherhood in talks with opposition groups and army
Mass rallies across Egypt tell Mubarak to go
From long beards to Gucci purses, Egypt protests include all levels of society
Mubarak Tells Egypt He Will Not Seek Re-Election
Mubarak says will step down, won't leave Egypt
U.S. envoy in Egypt spoke with ElBaradei: statement
Why won't Obama read the writing on the wall? Mubarak must go.
Egypt's Mubarak Urged By U.S. Envoy To Prepare For Transition Of Power
Total internet blackout in Egypt
"Country's last working internet service provider has been disconnected, completing a complete shut down of web access."
Machetes, meat cleavers, axes: Cairo's new neighborhood watches
Israel Agrees Increase Of Egypt Troops In Sinai
Mubarak's Going to Saudi Arabia, CIA-Backed Forecasters Say
Egypt's unrest may have roots in food prices, U.S. Fed policy
Turkish PM backs Egypt protesters

-- Fault lines/flashpoints/military --
Syrian protesters plan 'day of rage'
Saudi Arabia's dilemma: what if Ben Ali warrant arrives
Global imbalances returning, could fuel unrest: IMF chief
Deepening Canada-U.S. Security and Military Ties
Afghan deaths hit 'record levels'
Egypt Youth Unemployment Was 'Time Bomb': IMF Head
Jordan's king appoints new PM after protests
Jordan's government tumbles in wake of Egypt unrest
5,500 Mercs to Protect U.S. Fortresses in Iraq
China poised to pour $10bn into Zimbabwe's ailing economy
North Korea 'has at least one undeclared secret nuclear facility'
Protests Spread to Rural Yemen, Smaller Rallies Reported in Several Provinces
Yemen Leader Summons Parliament
U.S. may sell stealth fighters to India

-- Energy/resources --
OPEC oil rises past 95-dollar mark, highest since September 2008
Mid-East contagion fears for Saudi oil fields (Ambrose Evans-Pritchard)
Kenya's electricity costs to go up
Stuxnet virus penetrates nuclear plant, may cause Chernobyl-like disaster
Endangered elements pose threat to green energy
Renewables can't save us from peak oil, but it also looks as if there aren't enough of certain elements to build all the planned renewable capacity. Lay in a supply of candles. -- RF
China's Coal Import to Slow as Floods Boost Prices
Japan nuclear plant usage falls to 66.1 pct
Blackout leaves 12,000 homes without power (Australia)

-- Got food? --
Rice Two Cents Away From "Limit Up" For Second Day In A Row, At Highest Price In Over A Year
Let the rice riots begin!
The Psychology of Food Riots (Foreign Affairs)
Global fish consumption hits record high
India's crops affected by erratic climate

-- Environment/health --
Huge Australia Cyclone Threatens Crops, Tourist Towns

-- Intelligence/security/internet/systemic breakdown --
Unrest in Egypt could lead to Israel's worst nightmare
200GB to 25GB: Canada gets first, bitter dose of metered Internet
Report: Efforts to Secure Nation's Power Grid Ineffective (US)
What if the US shut down the Internet like Egypt did?
Internet address rationing kicks into high gear in Asia

-- China --
Great village wall in Zhejiang Province keeps out burglars
A wealthy Chinese gated community. Will the new aristocracy around the world be imitating their Chinese brethren? -- RF
3-month northern drought forecast to last

-- UK --
Pension time bomb
Pfizer to close UK research site

-- US --
"It's Much Worse": Howard Davidowitz on the State of the Union
Bernanke's Poverty Effect: Foodstamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million
Drug Shortages Distress Hospitals
This isn't a new story, but it keeps cropping up. And it's a typical example of how our systems have maxed out in terms of scale and complexity, and are starting to break down. -- RF
Pfizer to lay off 1,100 in Connecticut
Note also closure of Pfizer research facility in UK. -- RF
Conspicuous Consumption Is Back
This is the economy of the rich, not the one where the rest of us live. -- RF
Record jump in households with worst needs: HUD
Unrest in Egypt fuels talk of higher energy prices (LandLineMag.com)
Winter storms zap city budgets. Will FEMA help with snow plowing costs?
It Sounds Like George Soros Is Agreeing With Meredith Whitney On The Muni Problem
Construction spending: residential at four-month low
Wells Fargo Bank Leads Securitization Attack On Unsuspecting Taxpayers
Empty Houses: Ownership Society Is Over
The Coming Collapse of Commercial Real Estate is Already Here, Says Davidowitz
DOE to sell, replace heating-oil reserve
GM Parks 510,000 Cars With Dealers, 31% Higher Than Year Earlier
Stocks Surge on Economic News; Copper Hits Record
BP Deliberately `Underpaying' Claims, Mississippi Says
Officials Warn Wall St. About Possible Terror Attacks
The Transmission Quandary of California
Carpooling Declined 50% Since 1980 in the U.S.A.
Governor Cuomo wants to slash funds for schools, Medicaid
Repo men: The new face of reality TV
This is sick. -- RF
Pressure builds for national debt reduction

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