Monday, March 28, 2011


News Links, March 29, 2011

## Global economic meltdown ##
Crises Nudge Debt Loads to Brink (WSJ)
Euro economists expect Greek default, BBC survey finds
S&P Warns May Downgrade Portugal Again As Early As This Week
Kenya Inflation May Accelerate on Food, Oil, Central Bank Says
IMO chief warns global trade at risk from disruption to shipping lanes
Price Inflation Strikes South America, Too, IMF Warns
Fringe prices out of reach
"Australia is in a housing affordability crisis, with even the last bastion of cheap housing - new suburbs on city fringes - moving beyond the reach of most first home buyers."
If Fed Keeps Printing, Dollar Will Be Worth Less Than Toilet Paper, Says Peter Schiff
The world's third-largest bank is bust
Heightened Demand from China and Asia Rather than Speculation Leading to Gold's Nominal Record Highs
Status of disaster-hit automakers in U.S. and Japan
Mideast leads global rise in house prices in 2010
Buffett Warns: The Dollar Will Decline
U.S. sells 2-yr debt at highest yield since April
Why The European Union Is Doomed

## Fault lines/flashpoints/military ##
NATO Begins to Execute Libya No-Fly Zone: General
Libya: rebels claim to have captured Gaddafi's home town Sirte
Global powers must offer Gaddafi exit route: analysts
Italy says it might take Gaddafi
Brutal crackdowns chill the 'Arab Spring'
Italy migrant influx intensifies on Lampedusa island
Italians block port in protest over migrants
Syria protests: Tear gas in Deraa as army takes Latakia
Virtual war a real threat
Israel's Security Is Now Being Threatened On Multiple Fronts
Bin Laden 'seeks to join Arab revolts'
Boo! -- RF
Fresh Protests in Bahrain Strain Businesses, Markets
Egypt gas pipeline to Israel attacked

## Energy/resources ##
Is loss of electricity a risk for spent nuclear fuel?
MUST READ. Sooner or later, all countries will face long-term/permanent blackouts, which means a dearth of electricity for cooling reactor cores and spent fuel. And that time will likely come sooner than later. With hot reactor cores and pools of spent fuel cooking all over the planet, Fukushima will be the least of our worries. There will be nowhere to run, nowhere to hide. We have created a monster. -- RF
Thailand May Increase the Price of Diesel as Oil Fund Shrinks, Korn Says
"Thai Finance Minister Korn Chatikavanij said the nation may need to curb diesel subsidies as funding runs out, a challenge to the government's efforts to quell inflation and build support ahead of elections this year."
Saudis seek massive boost in oil drilling capacity: Report
China Warns Against South China Sea Oil Exploration
"China warned against any oil exploration without its consent in waters it claims in the South China Sea, after the Philippines announced plans for possible drilling."
Coal Plays in the Wake of Nuclear Power Debasement
S.Korea to rank 1st in nuclear plant density by 2024
Saudi Arabia Needs $80 Billion to Invest in Power Sector
"Saudi Arabia needs 300 billion riyals ($80 billion) investment in power sector over the next 10 years and it needs to add up to 30 giga watts of capacity over the next 20 years, a senior government official said on Monday."

## Got food? ##
U.S. Farmers Head Into Key Stretch for Harvests
"'The stage is set for very serious disruptions, should weather disasters happen,' said Keith Collins, the former chief economist of the U.S. Department of Agriculture. 'It seems clear to me that the chance of a more widespread global food crisis has increased.'"
Fukushima May Abandon Rice Planting as Soil Tainted by Radiation
"Rice production in Fukushima and neighboring Ibaraki and Miyagi prefectures amounted to 1.22 million metric tons last year, representing 15 percent of Japan's total output."
Tsunami-flooded rice paddies to hinder harvest
"More than 20,000 hectares of rice paddies in three Tohoku region prefectures were flooded with saltwater from the March 11 tsunami, leaving farmers with the tedious process of desalination before being able to resume planting."

## Environment/health ##
Drug Resistant Superbugs Hit U.S. Hospitals and Nursing Homes
Measles 'out of control' in DR. Congo: MSF

## Intelligence/security/internet/systemic breakdown ##
Increased computerization means increased vulnerability
The danger of going paperless
Calgary airfield blackout left planes circling

## Japan ##
Stalled trains and fuel shortages hamper recovery
Communications meltdown at Fukushima operator Tepco
Japan says high radiation due to partial meltdown after quake
"This is far beyond what one nation can handle - it needs to be bumped up to the U.N. Security Council. In my humble opinion, this is more important than the Libya no fly zone."
Chernobyl Cleanup Survivor's Message for Japan: 'Run Away as Quickly as Possible'
Limited access at Japan quake-hit ports
Kan Told to Decentralize Japan on Tokyo Annihilation Danger
Sheer idiocy. But it will never happen, anyway. -- RF
Plutonium detected in soil at Fukushima nuke plant
Radiation Found Outside Japan Reactor, Signaling Meltdown
Rainwater banned at water purification plants
Complete Chronological Analysis Of Fukushima Reactor 1 - 3 Data
Debate Begins on Tepco's Future
"Shares of Tokyo Electric Power Co. hit a 34-year low Monday as speculation grew about a possible government takeover of the company, which faces multibillion-dollar losses from its nuclear disaster."
30% cut in lawmakers' salaries eyed to help quake reconstruction
Tohoku disaster may bring automakers to their knees

## China ##
China battles with a growing addiction to internet games
In China, microblogging sites become free-speech platform
World Views on China's rise flipping
Good jobs more difficult to find

## UK ##
Take-home pay down 5% in real terms since 2009, says study
Shortage of RAF pilots for Libya as defence budget cuts bite

## US ##
Budget sparring intensifies as both parties brace for government shutdown
Japan's nuclear crisis looks a lot like our financial crisis
Radioactive rainwater recorded eastern US
Voters Push Back Against Property Tax Hikes
Disposable income falls as prices jump, data show
Austerity Daily 3.28.11 — Government Shutdown, NY Deal
Idaho Senate approves Medicaid overhaul bill that proposes massive state cuts
Thousands of Marin, Sonoma, Solano county residents lose power
Massive water rate hike for Las Vegas?
More Shortages Likely Due to Japan Crisis

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