Saturday, February 26, 2011


News Links, February 27, 2011

## Global economic meltdown ##
Ireland's new government on a collision course with EU
Brazil Economy Flickers as Bottlenecks Drive Up Prices
Brazil's problems are presented here as the result of a lack of timely investment, but rising costs for energy and commodities, too many consumers, and accumulating debt are engendering the kind of systemic difficulties cropping up everywhere. -- RF
The end of China's cheap denim dream
"'We are still getting orders from abroad - all the factories are,' she said. 'But no one is taking them because we would make a loss. The foreigners do not want to pay a reasonable price. We have not made any profits for two years.'
India Says Economy May Grow as Much as 9.25% Next Year Amid Inflation Risk
Policy Makers Pledge to Halt Any Inflation From Oil Price Surge
German inflation holds at multi-year high in Feb
Colombia Unexpectedly Raises Rate to Tackle Inflation
Argentina Said To Be Threatening Economists Who Question Data
"According to Indec, consumer prices rose 10.6% in January from a year earlier. But economists say the real inflation rate is likely closer to 25%, or even higher, and that prices may rise even faster this year."
Vietnam Bonds Have Worst Week in 3 Months as Inflation Quickens

## Libya ##
Nation's food chain at risk of collapse, aid agencies warn
Libya evacuation: China evacuates 12,000 nationals via naval frigate
"'China has suffered large-scale direct economic losses in Libya, including looted work sites, burned and destroyed vehicles and tools, smashed office equipment and stolen cash,' the ministry said in a statement on Thursday."
'Rebels hold Libyan oilfields'
Rebels are in control of nearly all oilfields east of the Libyan town of Ras Lanuf, with fields and oil terminals still working at 25% capacity, a petroleum engineer who is a member of Benghazi's interim leadership was reported as saying today.
Libyan rebel stronghold to send force to aid Tripoli uprising, general says
Pro-Rebel Officers Vow Defense of Eastern Libya
Obama: Qaddafi Needs to Leave Now
Two German military planes evacuate foreigners from Libya
Gadhafi 'opens the arms depot' to supporters
Gaddafi's empire crumbles as his inner circle abandon him
New 'Caretaker' Government Established in Benghazi
Fleeing Workers May Cripple Libyan Economy
'Corpses Everywhere In Libya' Say Diplomats
Libya May Become `Like Somalia' If Protests Don't End, Qaddafi's Son Says
Libyan envoy urges international intervention
Loyalists Dance Down 'Last' Gasp As Libya Revolt Swells
"UN High Commissioner for Human Rights Navi Pillay said "thousands" may have been killed or injured by Gaddafi's forces in the uprising, and called for international intervention to protect civilians."
Terror in Tripoli as Kadhafi set for battle
Libya's Gaddafi no longer in control-Berlusconi
Gadhafi's Nurse Says She's Going Home
This will no doubt be the last straw. -- RF

## Fault lines/flashpoints/military ##
Attack shuts Iraq's largest oil refinery, kills 1
UN: Ivory Coast on brink of civil war (video)
Russia vows to sell missiles to Syria
"Russia vowed Saturday to fulfil its contract to supply Syria with cruise missiles despite the turmoil shaking the Arab world and Israel's furious condemnation of the deal."
Hundreds of thousands take to the streets in 8 Arab countries
Three killed in Tunisian anti-government protests
Iran nuclear plans: Bushehr fuel to be unloaded
"Al-Qaida" Calls For Revolt Against Arab Rulers
Major Yemen tribes join protesters
"Powerful tribal leaders, including those of the Hashid and Baqil, pledge to join protesters against the government."
Gates's warning: Avoid land war in Asia, Middle East, and Africa
"Any future defense secretary who advises the president to again send a big American land army into Asia or into the Middle East or Africa should 'have his head examined,' as General [Douglas] MacArthur so delicately put it."
Oman reshuffles cabinet as protesters block mall
Iraq: Grand Ayatollah Ali al-Sistani urges reform after protests
Suddenly, a Rise in Piracy's Price (NYT)
Young and restless: Africa at risk for upheaval
Saudi king's largesse may not be enough: analysts

## Energy/resources ##
Angola, Nigeria Can't Immediately Replace Libya Oil - Sources
Mexico to slash oil and gas drilling by 42 pct
Oil's next danger zones
"'Oil increasingly comes from unstable parts of the world,' pointed out geopolitical risk expert Ian Bremmer, president of Eurasia Group. 'It's the Persian Gulf, it's West Africa. It's the Caspian. Those are not places we vacation. Those are places over time that are more and more unstable.'"
Oil rises despite Saudi Arabia raising output
T. Boone Pickens doubts Saudi Arabia can stabilize oil prices
"On Thursday, Saudi Arabia calmed oil markets by stating that it would increase production to cover shortfalls from unrest in the Middle East. But today, Texas oil magnate T. Boone Pickens told GlobalPost that Saudi Arabia may not have enough capacity to do so... 'I don't think they have the capacity to do 12 million,' Pickens told GlobalPost. 'I'd be surprised if they have the capacity to do 10 million.'"
Iran Revolutionary Guards firm gets big pipeline deals
Brazil Vale Says 2Q Iron Ore Contract Prices To Rise 20%
Coal shortage: Power, cement companies to be affected (India)

## Got food? ##
The Oil-Fired, Grain-Fed Global Food Crisis
UK 'could slash UN food aid funding'

## Environment/health ##
Infant and stillborn dolphins still washing up along Gulf Coast
Nurse shortage plagues hospitals, home care (Canada)

## China ##
Could this be the year of the angry rabbit for China?

## UK ##
Searchlight poll finds huge support for far right 'if they gave up violence'
Thousands of soldiers to be trained to run prisons as the Government prepares for strikes

## US ##
A U.S. recovery built on low-paying jobs
Yergin Warns Against Tapping Oil Reserves
More drilling won't help
Study reveals gloom for Colorado budget
Labor rights protesters rally across United States
US Protesters Counter Austerity, Anti-Union Proposals
Largest crowds since Vietnam War march in Wisconsin
Wisconsin police association urges members to join sleep-in at Capitol
The Governor Who Cut His State Down to Size
"Indiana Gov. Mitch Daniels believes he faces a taller challenge as he ponders a White House run: Could voters warm to his message that the country is doomed unless it slashes its debt and radically revamps the popular Social Security and Medicare programs?"

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