Monday, February 07, 2011

 

News Links, February 8, 2011

-- Global economic meltdown --
BOJ's Shirakawa Says Japan Needs to Sustain Debt Credibility
It's too late for credibility. Japan is hopelessly mired in debt. -- RF
Anger simmers at German austerity plan for EU
Foreign Capital Shuns India
Investors Have $102 Billion Bet on Gold, Silver Gains
JP Morgan Accepts Gold Bullion As Collateral
Bangladesh Stocks Plunge By More Than 10% For Third Time In 2011
America's Income Inequality Worse than Egypt
What not to buy (hint: bonds)

-- Egypt --
How long can Egyptian military navigate middle ground?
Egypt's elite fears instability
Mubarak family fortune could reach $70bn, say experts
Egypt approves 15% pay rise for government employees
Egypt crisis: Hosni Mubarak loses control of state media
Thousands Of Protesters Dig In Their Heels In Cairo
Egyptian Military's 'Neutrality' Wavers, Crackdowns Begin
Window closing for evacuation from Egypt, CIA veteran warns

-- Fault lines/flashpoints/military --
China Develops Counterspace Weapons: DoD Deputy
Chechen rebel leader threatens more attacks on Russia
Tunisia calls up army reserve to tackle violence
India pushes back on Somali pirates' new 'mother ship' offensive
"While India's Navy scored two tactical victories, maritime experts say a more robust international strategy is also needed in the face of the pirates' proven ability to adapt under military pressure. The problem has already cost governments and businesses an estimated $7 billion to $12 billion a year and is raising costs along vital sea lanes between Europe and Asia."
Why Kim Jong-il wished Egypt's Mubarak a Happy New Year
"Egypt has counted on North Korea for military aid. The biggest mobile phone company in the Middle East is also one of North Korea's largest investors."
Iran expands space capabilities
Russia-Japan split over islands heats up
U.S. Army Starts Making Hard Funding Choices

-- Energy/resources --
All the signs say oil's rise has ended – except the most important, demand
China Moves to Strengthen Grip Over Supply of Rare-Earth Metals
Copper market continues to soar
Global miners cash in big
India jabbed by coal price increases
US ill-equipped to start Alaska oil drilling
Nepal reels under 14-hour power cuts daily

-- Got food? --
Lee Proposes Food Crisis Task Force in Korea
Corn Prices To Soar As Chinese Imports Increase Ninefold Compared To Official Projections
Ethiopia Raises Number of People Needing Emergency Food Relief by 500,000
As world population heads toward a peak, Malthusian worries reemerge
Peak Oil=Peak Food=Peak People
"Changing the head of state in Egypt will prove to be as effective as rearranging the deck chairs on the Titanic."

-- Environment/health --
Western Australia bushfires raze homes

-- Intelligence/security/internet/systemic breakdown --
U.S. Has Secret Tools to Force Internet on Dictators
US officials flock to appear on Al Jazeera
Most N.Koreans Survive Through Black Economy

-- China --
Consume, consume, consume: China's middle class

-- UK --
Flooding expected as heavy rain continues
Youth unemployment: A smouldering fuse?
Navy forced to drop warship patrols in Caribbean through lack of funds
Health trusts aim to save money by 'rationing' treatments

-- US --
The Most Dangerous Bubble of All (Money and Markets)
On the upcoming bond market bust, and it's not just muni bonds in deep trouble. -- RF
Insider Selling To Buying Ratio: 434x
Grim as they seem, official projections on US deficit are too sunny
Cuomo's budget hits New York schools
Somali gangs move into sex trafficking, fraud
The Frighteningly Obvious Truth That Most Deny – US Housing Continues Freefall & Is Nowhere Near The Bottom
Ron Paul to Hold Feb 9th Hearing on Federal Reserve
Snow Futures: Hedging Bets On The Costs Of Winter
Newark Airport Delays Reported In Massive New Jersey Power Outage
Arizona Lawmakers Mull Bill Challenging Birthright Citizenship
US Consumer Credit Rises by $6.1 Billion in December
Investors Starting to Believe That Inflation Threat is Real
17 Facts Which Prove America Is A Debt Pig That Is Deeply Addicted To Debt-Fueled Prosperity
Airline Losses May Top $600 Million on U.S. Cancellations
Financial Crisis Coming If U.S. Doesn't Deal With Long-Term Debt, Says Pete Peterson
Negative Annualized Stock Market Returns for the Next 10 Years or Longer? It's Far More Likely Than You Think
NYSE Volume Abysmal: 40% Below Average
My credit card had a 79.9% APR
Rising Rents Could Be the Spark That Reignites Inflation




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