Tuesday, March 08, 2011


News Links, March 9, 2011

## Global economic meltdown ##
China Faces 60% Risk of Bank Crisis by 2013, Fitch Gauge Shows
Adding Up China's Debt Load
China's first gold fund to invest $500 million in ETFs abroad
Europe Debt Crisis May Boil to Surface This Week
Euro Falls Most in Two Weeks Amid Concern Region's Debt Crisis May Worsen
ECB Helped Fuel Irish Bubble, Says Ex-PM (Financial Times via CNBC)
'Greece Is Clearly in Need of Debt Restructuring'
Analysts say 2011 could be lost year for Arab bourses
Japan Trade Deficit Y471.4 Billion In January
Japan Bond `Jitters' Loom as Kan Battles to Finance Deficit, Feldman Says
Asia Confronts Oil Shock as Central Banks to Meet on Rates
Portugal Bonds Lead Drop Amid Concern Debt Crisis May Intensify
Dubai can meet $12bn of debt due in 2011, says Al Tayer
The Coming Rout (Chris Martenson)
Vietnam Raises Key Interest Rates
"Vietnam's central bank raised two of its key interest rates in another effort to tame inflation, which remains stubbornly high and is threatening the economic stability of one of Asia's most promising emerging markets."
Jim Rogers: Commodities Will Increase Regardless Of How Economy Performs
Rising jet fuel prices may cause summer of 'financial misery'

## Libya ##
Gaddafi deploys tanks and hundreds of troops in all-out effort to take Zawiyah
General Petraeus, Robert Gates Joke About Attacking Libya
U.N. Claims 1 Million In Libya Will Need Emergency Aid
UK and France spearhead drive for Libya no-fly zone
Libya No-Fly Zone Would Stretch Resources: Experts
NATO Places Unblinking Eyes Over Libya, 24-7
GCC seeks no-fly zone as Libya battle rages
Libya No-Fly Zone Likely to Win Arab League Support, Envoy Says
Japan freezes assets of Libya's Gaddafi, others
Gadhafi's Circle Debates Regime's End (WSJ)
Rebels set demands for Gaddafi exit
"Head of Libyan rebels tells Al Jazeera Gaddafi "will not be pursued" if he quits within 72 hours and ends the fighting."
Libya: British plans to strip Gaddafi of oil revenue
A Tug Of War Over U.S. Military Options In Libya

## Fault lines/flashpoints/military ##
Currency Wars: Flash Points in the 'Age of Rage'
East-West military gap rapidly shrinking: report
Military Balance report: China 'won't threaten US in Pacific for a decade'
Iran's Rafsanjani loses post as chair of state body
Iran forces fire teargas to disperse opposition backers
Gulf Arab States to Discuss Regional Aid Plan
Mexico shootout leaves 18 dead in Tamaulipas state
Why is Hillary Not Defending the Rights of Saudis to Protest?
Don't try to control our lives, say Saudi women
West Africa Rising: Regional ties to Iran, Libya may be on the wane
Kuwait protesters swell in number, call for PM change
Japan Expects Stealth Fighter to Fly in 2014
Urban decay: Rise in number of empty houses a growing problem for Tokyo
China Stakes Claim on Disputed Islands after Spats
Peak Pirate: Somali Pirates Running Out of Space

## Energy/resources ##
The specter of flaming oil ports (Foreign Policy)
OPEC Members Rush to Raise Oil Output (Financial Times via CNBC)
OPEC mulls boosting output, Iran sees no need
Saudi Arabia develops new crude blend to help offset shortages
OPEC in `Consultations,' Hasn't Decided on Oil Output Boost, Kuwait Says
China to become largest uranium user
Nippon Yusen May Slow Container Ships to Save Fuel on Surging Oil Prices
Japan to Revise Mining Law, Seeking $3.6 Trillion in Undersea Resources
"Japan's trade ministry plans to streamline a mining law for the first time since 1950 to develop seabed resources that could be worth 300 trillion yen ($3.6 trillion), amid competition fromChina, South Korea and Russia."
China's coal reserves 'will make it new Middle East', says energy chief
I'd regard this with caution. It's widely believed that China's economically extractable coal reserves are no longer as large as advertised. -- RF
Cable shut down brings rolling blackouts (Canada)
Bundestag blackout – MPs without WCs
"German parliamentarians in Berlin sent their employees home on Tuesday after an electricity failure at the Bundestag and surrounding government buildings rendered even many toilets inoperable."

## Got food? ##
US farmers fear the return of the Dust Bowl
For years the Ogallala Aquifer, the world's largest underground body of fresh water, has irrigated thousands of square miles of American farmland. Now it is running dry
Abu Dhabi investors announce food project in Macedonia

## Environment/health ##
Millions of dead fish swamp L.A.-area marina
Dolphin mystery just one piece of oil-spill puzzle
"The investigation into the many infant dolphin deaths along the coasts of Mississippi and Alabama will be multi-faceted in the months to come and watched by dozens of agencies and hundreds of attorneys in litigation with BP."

## Intelligence/security/internet/systemic breakdown ##
Who Controls The Internet?

## China ##
China says lessons to learn in Xinjiang from Mideast unrest
China imposes Tibet travel restrictions
Sinopec halts gasoline exports as margins go negative
China approves $9 billion Sinopec-Kuwait project
Tensions rise as China grabs land from farmers
Chongqing plans huge security system
"The municipality of Chongqing is to spend 17 billion yuan ($2.6 billion) to build one of the world's largest digital security systems, which will include half a million surveillance cameras."

## UK ##
ICM statistics reveal UK businesses are highly sensitive to IT failures as UK power grid reliability worsens
Systemic failure, coming right up! -- RF
Could the UK Government shut down the web?
David Cameron vows to help families over rising prices
Hospitals cutting operations, while waiting times rise
More street lights to be switched off in Ceredigion

## US ##
Welfare State: Handouts Make Up One-Third of U.S. Wages
"Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn't taken before the majority of Baby Boomers enter retirement."
"No Way Out" of Debt Trap, Gross Says: U.S. Living Standards Doomed to Fall
February $223 Billion Budget Deficit Largest Ever
Metro areas' traffic congestion up 11% in 2010
QE2: An Unmitigated Disaster
States' financial woes push some to consider the unthinkable
Copper thefts cause street light outages in San Bernardino, Calif.
"Some 1,200 San Bernardino street lights - roughly one in 10 - have gone dark as copper wire thieves and layoffs are taking a toll on the city's Public Works Department."
Underwater mortgages rise as home prices hit post-bust lows in 11 of 20 major US cities
America For Sale? It Might Be If Washington Doesn't Solve the Deficit Problem
Pentagon Papers Whistleblowers, Congressman Who Saved Headwaters Forest, and 9/11 Commissioners Themselves Call for a New 9/11 Investigation
What took them so long? Anyway, it's too late for that now. Smart people learned their take-home lessons from 9/11 long ago and have moved on to collapse preparation. -- RF
The 2008 crash isn't over, only covered up

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