Friday, February 25, 2011


News Links, February 26, 2011

## Global economic meltdown ##
Russia Unexpectedly Raises Main Rates, Reserve Requirements
US Will Be the World's Third Largest Economy: Citi
IMF says weaker dollar would help global growth
BA-Iberia may raise fuel surcharges
China's Stealth Investments in Japan (WSJ)
Royal Canadian Mint Now Saying It's Difficult Securing Silver
World's Largest Pension Fund Needs to Sell Japanese Bonds; Japan's Demographic Time Bomb Officially Goes Off
2011 Tipping Points
A very good read that charts the rapidly approaching global systemic collapse. -- RF

## Libya ##
US Seeks Backing for Libya Intervention
Former Libyan Diplomat: Killing Gadhafi Only Way to End Violence
Libya unrest: Gaddafi strikes back as rebels close in on Tripoli
Gadhafi's isolation grows as rebels hold key Libyan cities
Gaddafi defiant as protesters killed
Libya: Tripoli turning against Gaddafi
Libya: Col Gaddafi not 'interested' in ruling country anymore
U.N. Security Council to meet, Libya hands out cash
Libya: Col Gaddafi's son 'in hiding on Venezuelan island'
"One of the sons of Muammar Gaddafi, the Libyan leader, is in hiding on an island off the coast of Venezuela, a politician in the South American country has claimed."
China Vows to Protect Chinese in Libya
"Xinhua said numerous Chinese corporate facilities were damaged in the violence in Libya, with 'armed gangsters' robbing some of them of grain and other materials."
Chinese Missile Ship Races to Libya for Rescue Duty
Protesters torch Gaddafi family palace

## Fault lines/flashpoints/military ##
How will America handle the fall of its Middle East empire?
Saudi Arabia king accused of misjudged bribery in attempt to avoid unrest
Pakistani court adjourns US murder trial to March 3
"Jasmine" protests greet Chinese envoy in Taiwan
South Korea leaflets tell North of Egypt, but change unlikely
Protesters gather for Baghdad's 'Day of Rage'
At least 5 killed in clashes during demonstrations in Iraq
Day of rage: thousand demonstrate in Sana'a
U.S. Military Keeps Close Eye On Egypt, Bahrain
Four dead as militants blow up 11 NATO tankers
Will China be the next Libya?
Pakistan arrests US security contractor as rift with CIA deepens
IAEA says gets info on possible Iran military work
India wants fighter jets – but without American baggage

## Energy/resources ##
Latin American Oil to China and not to the United States
China's Sinopec wants to take part in oil exploration in Brazil
Spain to lower speed limit as oil prices rise
German Central Bank to Help India Pay for Iranian Oil
Saudis have a plan for high oil prices
IEA Says Saudis Boosted Oil Shipments After Libyan Shut-Ins
"More Saudi oil is 'reportedly' flowing through the kingdom's 1,200-kilometer (750-mile) East-West pipeline from the 7 million-barrel-a-day Abqaiq processing facility in the eastern part of the kingdom to the Red Sea port of Yanbu for shipment to the Mediterranean, the agency said."
How much actual increased production is there, and how long can it be sustained? These are vital questions. The wolf is already at the door of the global economy. -- RF
Saudi Aramco said to sell crude oil cargo from Okinawa
JPMorgan Boosts 2011 Brent Oil Forecast by $9 to $104
Visual Atlas Of Distressed Oil Production
Germany to cut solar subsidies by up to 15 pct
Russia ready to meet Europe's gas demand, boost supplies
Japan: 10 electric, gas utilities to raise charges in April

## Got food? ##
New Pathogen Found in Roundup Ready GM Crops Causes Spontaneous Abortions and Infertility in Livestock?
44 Million People Driven Into Poverty by Rising Food Prices
MAP OF THE DAY: Where Potash In The Soil Is At Critically Low Levels (US Midwest)

## Environment/health ##
Canadian bald eagles dining at dumps
Study predicts aged-care bed shortage (Australia)
"A new report has found Australia faces a shortage of 280,000 aged-care places by 2050, if there are no changes to current policy."
Flies and cockroaches carry antibiotic-resistant bacteria from factory farms, study finds
Japan Population Sees Slowest Growth Since 1920
Although this demographic factor is no help for the pension system, it is a good thing in the face of peak food. -- RF

## Intelligence/security/internet/systemic breakdown ##
Al Jazeera Enrages Dictators, Wins Global Viewers With Coverage of Unrest

## China ##
Online activists calling for Jasmine revolution arrested in China

## UK ##
U.K. Economy Shrank More Than Estimated in Fourth Quarter
Military chiefs urge David Cameron to rethink cuts
British forces would struggle to mount small military intervention, claim officers
"British forces would struggle to mount even a small scale military intervention as the cupboard for resources was 'threadbare', senior officers have said."

## US ##
Governor: Florida could see Wisconsin-style protests
Wisconsin Assembly Passes Bill Stripping Union Rights From Public Workers
Could Wisconsin trigger bond doom?
"Some [analysts] say a union victory could put the nation's municipal bond market at risk – a market many analysts already fear is heading for a crash."
'King of Bonds' sees municipal bonds collapse, plans to buy after carnage
"Jeffrey Gundlach of DoubleLine Capital, dubbed 'King of Bonds' by Barron's, sees a 'major collapse' in the municipal-bond market. After the carnage happens, he plans to scoop up the bargains left behind."
Pennies on the dollar. -- RF
Durable Goods Report: Not Good
Some Texas City homes evacuated after gasoline pipe leak
Drug Shortages Plague Connecticut Hospitals
Vegetable Shortage Straining Local Restaurants
Washington trims Pell Grants: How will students pay fall tuition?
How gas spikes 6 cents in one day
Nevada's Budget Problems Are A Disaster For Las Vegas Schools
Austerity, Oil Prices Helping Put the 'Stag' in 'Stagflation'
BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Federal Reserve Balance Sheet Update: Excess Reserves Surge, Fed Owns 37% More Treasurys Than China
Oil shock threatens airline recovery
"U.S. airlines had their best year in a decade in 2010, but with a mere 2% profit margin."
Oil Prices And The Future Of Airline Employees
Downsize, downsize, downsize. -- RF

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