Sunday, February 20, 2011


News Links, February 21, 2011

-- Global economic meltdown --
Six S. Korean savings banks suspended
Raising Wages Would Be 'Stupid,' Trichet Says
Middle East Protests Strain Gulf Stocks
The Simple Reason A Bahraini Revolution Could Trigger A Brand New Financial Crisis
6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money
US economics: One big Ponzi scheme
"While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope."
Iceland to Hold Referendum on Law to Repay $5 Billion U.K., Dutch Deposit
Shorting Eurodollars Before the Liquidity Bubble Pops

-- Libya --
Libyan envoy to Arab League resigns and 'joins revolution'; Benghazi residents say told Gaddafi's guard defeated
Libyan PM Gaddafi may have fled country, says Al Jazeera, citing unconfirmed reports
Libya protests: 'foreign mercenaries using heavy weapons against at demonstrators'
"Heavy weapons, including anti-aircraft missiles, are being used to murder scores of pro-democracy campaigners in Colonel Gaddafi's Libya with the death toll already "well into three figures", it has emerged."
Gadhafi's son warns of civil war in Libya
Gadhafi's Son Warns Protesters of US Occupation
Libyan Troops 'Machine Gun Protesters'
Death toll from Libya unrest 'tops 100'
Libyan unit "defects" as more Arab protests simmer
"Members of a Libyan army unit said they had defected and 'liberated' the country's second city from forces loyal to veteran leader Muammar Gaddafi."
Growing Army Defections Reported in Libya
"The massive violence in the protester-heavy city of Benghazi looks to be coming to a halt today, after reports that a batallion of troops that defected to the side of the protesters had marched into the eastern city and attacked the presidential compound, where the remnants of the Gadhafi regime had been holed up, and chased them out."
Czech minister: Fall of Gaddafi could be catastrophic

-- Fault lines/flashpoints/military --
Unrest Encircles Saudis, Stoking Sense of Unease
Yemen separatist leader arrested, protests draw fire
Suez Canal says Iran navy ships passage delayed
US military wants more global partnerships in space
Russia tightens Caucasus security, 3 bombs defused
Iran forces in streets to curb opposition rallies; Rafsanjani's daughter detained
Hundreds protest in Iraq, TV station torched
A massive meeting over North (SKorea)
"Amid growing concerns of renewed armed provocations by North Korea, a massive meeting attended by President Lee Myung-bak, cabinet members, senior military and police officials as well as mayors and governors took place yesterday to review the country's readiness against any Pyongyang hostilities."
Turmoil in the Middle East: Will Saudi Arabia be Next?
Tunisia asks Saudi Arabia to extradite Ben Ali
Somali piracy threat worsening by the week, warn shipping firms
"'We have very clearly got to the stage where ships which want to trade oil and energy up through the Arabian Gulf, there is no option now to avoid pirates in the region,' said Howard Snaith, marine director with INTERTANKO. 'They have the whole of the Indian Ocean pretty much pinned down'"
Somali pirates heading to Asia: US
"It's remarkable that 28 nations combining their maritime forces together in the Gulf of Aden have not been able to defeat this challenge."
Somali pirates can reach our waters (Malaysia)
The piracy situation is totally out of control, as I predicted. -- RF

-- Energy/resources --
What does the Arab world do when its water runs out?
Tasman water rationing to begin (NZ)
Natural gas pipeline explodes in northern Ontario
Cotton Breaks 150-Year Highs

-- Got food? --
The Six-Legged Meat of the Future
Rising Food Prices Push Up Inflation Significantly

-- Environment/health --
Experts warn U.S. must take space storms seriously
Coal real cost to US people could top USD 500 billion

-- Intelligence/security/internet/systemic breakdown --
Lieberman Revises Cyber Bill To Ban Kill Switch (US)
New Technology Can Steal Your Credit Card Info Right Out of Your Wallet
Virgin Blue suffers data centre blackout
Al Jazeera probes signal disruptions across Middle East

-- China --
Chinese police break up Middle East-inspired rally
Arrests as China web users call for revolution
China Tries to Stamp Out 'Jasmine Revolution'
Jasmine revolution to fight on despite internet crackdown
More Chinese cities limit home purchases to cool property market
Shanghai car plate prices rise sharply
China Fuel-Price Bump Complicates Inflation Fight
Rumours of PLA dissent are greatly exaggerated

-- UK --
Streetlights could go out to save money

-- US --
Drug shortages prompt hospitals to use older treatments, pay more when they do find a supply
"There are about 150 drugs — triple the number from just five years ago — that are in short supply."
Medication Shortage Has the Health Care Community Concerned
NY City budget requires mass teacher layoffs, reduced social services
Vista May Turn Off The Lights To Balance The Budget
Crowd descends on Ohio Statehouse to protest changes to collective bargaining
States Prepare for Union Fights to Save Money
Madison Protests Continue, But Governor Scott Walker Is Unmoved
9 Pictures That Expose This Country's Obscene Division of Wealth
Indianapolis neighborhoods battle blight
Texas Poised To Pass Bill Allowing Guns On Campus
Government shutdown threat looms over budget fight
U.S. 12 days away from shutdown
Survey: Average US gas price jumps 5.31 cents
Mutual Funds' Muni-Debt Prices Are Questioned

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