Tuesday, February 08, 2011


News Links, February 9, 2011

-- Global economic meltdown --
Ireland presses for senior bank debt discount
Ireland faces jobless recovery, says report
China Raises Key Interest Rates to Counter Inflation
`Heavy Lifting' to Come as China Leaves Deposit Rate Below Inflation Pace
Danish Banks Face Consolidation Wave After Bondholder Losses
Gold almighty? JP Morgan's a believer
Bruegel Think Tank Says Greece Should Restructure Debt Now, Claims Country Is Insolvent And Further Lending Is Not Viable Strategy
Europe on the Edge: Is a "Tipping Point" Near?
Job seekers hold pep rally in Tokyo
Economies can't just keep on growing (Foreign Policy)

-- Egypt --
Egypt unrest: New call by protesters to oust Mubarak
Egyptians renew appeal for Mubarak to resign now on biggest day of protest
Freed young leader energizes Egyptian protests
Egyptian Central Bank Intervenes To Prevent FX Rout
Five Suez Canal companies workers go on strike, no major disruptions witnessed yet
Egypt's State Media Turns on Mubarak

-- Fault lines/flashpoints/military --
Threats to U.S. Supply Lines on the Rise, Says Transportation Command Chief
A revealing article about the growing difficulties and expense of supplying US troops in Afghanistan, with supply lines under constant attack. Note that pirates are cited as one of the threats. -- RF
Russian Islamist leader claims responsibility for Moscow airport attack
U.S official's fate may threaten U.S., Pakistan ties: diplomat
U.K. on shortlist of Brazil defense suppliers
"Britain is on the shortlist of potential contractors for huge military purchases planned by Brazil to modernize its armed forces and build a defense network for offshore hydrocarbon resources more than 120 miles from the country's vast coastline.
Yemen formin dismisses Arab revolt contagion fears
Gunshots heard in centre of Tunis: witnesses
Hijacked Italian oil tanker headed towards Somalia
Afghan Air War Doubles: Now 10 Attacks Per Day
West Africa Rising: Latin American leaders bolster ties to Africa at World Social Forum
U.S. role in Mexico drug war?
This is an admission that the Mexican state itself is endangered. -- RF
Suspected U.S. Drone Crashes In Yemen: Police
Army Chief Ashkenazi: Prepare for all-out war (Israel)
Secret China war plan: trillions in U.S. debt. Today an economic battle; later, combat.

-- Energy/resources --
"Green" Job Creation Risks Backfiring: Lomborg
"The report also said that jobs in green energies were often based on over-optimistic projections of a fast shift from fossil fuels in coming decades toward cleaner sources such as wind, solar or hydro power."
Infograghic Du Jour: Oilfield vs. Cornfield
"Most of U.S. corn-ethanol producers are barely profitable at present, some are already losing money and the profit risks remain high for ethanol producers if corn continues to rally."
2nd Brazil Blackouts Hit City Of Sao Paulo
Blackout over large parts of Botswana
ERCOT: Conserve to Prevent More Rolling Blackouts
WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices
"US diplomat convinced by Saudi expert that reserves of world's biggest oil exporter have been overstated by nearly 40%"
WikiLeaks is just confirming what we already knew. -- RF

-- Got food? --
Brace yourself for the food-price bubble
"If the world has a poor harvest this year, food prices will rise to previously unimaginable levels. Food riots will multiply, political unrest will spread, and governments will fall."
France, FAO Call For Greater Regulation To Avert Food Riots
Argentina admits to malnutrition deaths among the poor
Cost of Feeding World's Poor Leaps
The Food Bubble – the financial cost of feeding the world
Cut back on farming to save water, UAE is told

-- Environment/health --
Wild Weather Could Push Miners To Reassess Contracts, Risks

-- China --
China: the neverending traffic jam story
U.N. Says Drought in China Puts Wheat Crop at Risk
Wheat Prices Hit Two-Year High After U.N. Warns of China Drought
Simon Black Digs Through The Black Box That Is China's Economy, Doesn't Like The Results
China's poor treated to fake rice made from plastic: report

-- UK --
Oxbridge plans herald era of the £27,000 degree

-- US --
Michigan Prepares For A Tsunami Of Muni Financial Crises
Lack of Budget Will Soon Hurt USAF: Officials
Fla. governor proposes $5 billion in spending cuts
Water, gas shortages also part of wicked winter
Rich Take From Poor as U.S. Subsidy Law Funds Luxury Hotels
Explosions continue at natural gas liquids plant
Ron Paul Considering 2012 Presidential Run: Report
Montana Bill Wants U.S. to Withdraw from UN
Arabic language program in schools on hold
Why can't the US legalize drugs? There's 'too much money in it,' Clinton says
Why Small Business Isn't Hiring And Won't Be Hiring
Job Openings Drop By 250K In Last Two Months, Stand At 3.1 Million In December
Banks face $60 billion mortgage hit: S&P

And finally... Woman beats off jewellery shop robbers with handbag

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