Friday, March 04, 2011


News Links, March 5, 2011

## Global economic meltdown ##
European Central Bank Wants to Unload PIIGS Bonds
A Crude Reality For India's Budget
Mongolia's Challenges: Inflation, Currency Flows
Why the Dollar's Reign Is Near an End (WSJ)
China's deepening Arab ties: the dragon in the desert
"Dragon Mart -- 3,950 wholesale and retail shops, stretching 1.2 km, or about three-quarters of a mile, in a sinuous strip alongside a desert highway -- is China's trade outpost in the Gulf, selling everything from marble tiles and artificial hair extensions to dried fish and Mickey Mouse telephones."
Zell: Dollar's Global Fall Will Be 'Disastrous' for US Living Standard

## Libya ##
Libya rebels seek air strikes against Gaddafi
"Libyan rebels calling for air strikes to set up a "no-fly" zone came under attack by a warplane for a third day on Friday as Muammar Gaddafi tried to loosen the opposition's expanding grip on a key coast road."
Libyan deputy minister says government accepts Chavez plan (Reuters)
Interpol alert over Gaddafi and associates
In person, on camera, Obama calls for Gadhafi to go
Libya: Britain seizes £100 million on Libyan boat
Control of Libya's Hidden Wealth May Be Next Battle
Gaddafi troops attack rebel city
Anti-Gaddafi rebels, government dispute oil town control
Britain to step up support for rebel forces fighting Gaddafi
"Britain is preparing to step up its support for forces fighting to topple Colonel Gaddafi by sending teams of advisers to assist the disparate and poorly co-ordinated Libyan opposition."
Gadhafi's Frozen Assets: $32 Billion And Counting
Risk Off: Commodity Complex Jumps On Reports Libyan Oil Wells Near Benghazi On Fire
EU Could Deploy Ships to Enforce Libya Arms Ban

## Fault lines/flashpoints/military ##
Fired workers burn Indian executive to death
"Indian police detained two people after an angry mob of fired workers burned to death a senior executive of a steel factory, an official said Friday."
SKorean coast guard confronts Chinese fishing boat
Philippine Oil Vessel Confronted By China, Spurring New Dispute
"The Philippines' armed forces sent two military aircraft to the disputed waters of the South China Sea after a Philippine oil-exploration vessel said it was confronted by two Chinese patrol boats, Philippine officials said Thursday."
With more protests planned, Egypt's prime minister steps down
Transfer of Jobs to Asian Workers Feeds Discontent (Mideast)
Arab Women See Protests Creating Opportunity for Equal Rights
Soldiers open fire on women protest in Ivory Coast
Bahrain May Be Uprising Too Far for Saudis Avoiding Iran's Grip
Anti-Pirate Patrols 'Not Really Producing': Clinton
Piracy watchdog reports spike in piracy incidents in Asia in 2010
Oh, and did I mention that piracy is going to worsen? -- RF
Yemen rallies grow, Saleh rejects plan to step down
"Yemeni President Ali Abdullah Saleh rejected an opposition plan for him to step aside this year, as protests against his three-decade rule over the impoverished nation swelled into hundreds of thousands."
North Yemen forces fired on protesters, say rebels
Riyadh Storm Rising (videos)
More Shi'ite protests in Saudi oil region
Hundreds of Jordanians protest and urge reforms
Violent clashes in Alexandria
"Protesters lay siege to state security building, leading to violent standoff in which police fire on demonstrators."
Thousands of Iraqis defy curbs to protest

## Energy/resources ##
OPEC to Cut Exports on Refinery Maintenance, Oil Movements Says
Record Gasoline Grips Europe, California Faces $4 a Gallon
Hugo Chávez challenges Venezuelan 'birthright' to cheap gas
Oil's Big Push on Corn
The Truth Behind Saudi Arabia's "Spare Capacity" (Daily Reckoning)
Oil Ends Above $104 in Highest Close Since September '08
Calls Mount to Tap U.S. Oil Reserves
Earth's Limits: Why Growth Won't Return - Water (Richard Heinberg)
Chinese solar power producers dominate Africa energy conference in sign of commercial muscle

## Got food? ##
World food prices up for eighth month
High World Food Prices May Persist as Demand Rises, IMF Says
Food Prices: A Problem Without A Solution

## Environment/health ##
State of emergency in Florida's wildfires
Algal Blooms in the Arctic

## Intelligence/security/internet/systemic breakdown ##
South Korea government websites targeted in cyber attack
"Hackers attempt to disrupt presidential office, foreign ministry, intelligence agency and US military websites, Seoul says"

## China ##
Chinese defence spending to rise to £56bn, increase of 12.7%
Wen Sees Billionaires in China Congress as Wealth Gap Widens

## UK ##
More universities could go bust as fees rise, says audit office

## US ##
USPS financial rescue may not stop 'death spiral'
Protests Swell At UC Berkeley
Wisconsin protesters vacate Capitol after judge orders them out
Wisconsin governor prepares layoffs amid standoff
Unions Contend With Inhospitable States
The next real estate bubble: Farmland?
Health care: California sees 15 percent rate hike
Home prices falling to level of 1890s
Feds Want Mortgage Writedowns As Part Of Robo-Settlement
Fed Policy Makers Signal Abrupt End to Bond Purchases in June
Mexican student police chief 'seeks asylum in US'
1 In 5 Workers Are Underemployed
Chicago Blizzard Bill: $37.3 Million, Gov. Quinn requested disaster relief assistance from Obama and FEMA
Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +112,000
"Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%."
Jobs go unfilled despite high unemployment
"While there are more than 25 job seekers for every open position in fields like construction, the exact inverse is true in technology, health and science-related jobs."
Energy decline is making it difficult to educate and train enough workers for certain types of jobs. That is behind the shortage of engineers and other high-tech professions. -- RF
Gang rivalry erupts in San Francisco
SEPTA power-line problems highlight aging infrastructure
Utah Pushes To Accept Gold, Silver As Alternative Currency
The Sixteen States That are Killing Their Pensions
Costa Mesa to lay off nearly half of city workforce, outsource services
Crime up in Camden since massive police layoffs

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