Friday, April 29, 2011


News Links, April 29, 2011

## Global economic meltdown ##
U.S. gets C credit rating, lower than Mexico
Asia's rapid growth poses risk of overheating, IMF says
Short-term handouts no answer to Arab crisis, says IMF
World's Rich Just Keep Buying Luxury Goods
Mideast unrest may wipe out 40% of projected orders, Airbus says
Bernanke Is Lying; Bet Against the Fed and the Dollar: Peter Schiff
Includes video with outspoken Schiff.
US dollar heading for waterfall decline
Soaring silver set to hit India imports
Debt Saturation & Money Illusion
"You are going to have to work harder and harder, for less and less to survive at a lower and lower standard of living. This will all be required to support the annual $9T debt bondage we have assumed as our politicos add additional 'stimulus' to a suffocating and debt saturated global economy."
Central banks pump £3 trillion into world economy
"The world's central banks have pumped £3 trillion into the global financial system since the crisis, the equivalent of 8pc of the world economy, according to new analysis by Fathom Consulting."

## Fault lines/flashpoints/military ##
Is the anti-Qaddafi uprising spreading in Libya's west again?
Tripoli witness: Rioting, fighting and dying for fuel
As conflict drags on, food supplies run low in Benghazi
Activists report clashes between Syrian army units
Syria: Baath party officials 'quit in protest'
Sudan: Bashir threatens south over Abyei
Bomb attack in Morocco tourist cafe kills 15
Saudi Arabia detains bloggers over protest: activists

## Energy/resources ##
Russia to ban gasoline exports amid shortages
India Explores New Path to Iran Oil
Nuclear chief questions emergency power at plants
"Dozens of U.S. nuclear plants rely on batteries for emergency power. The NRC assumes those facilities will be able to access reliable power--either by reconnecting to the grid or jump-starting diesel generators--within four hours of losing power."
SA's coal supply for energy put at risk
S. Korea earns right to receive crude oil from Iraq in emergency
Power restored to Sydney
"POWER has been restored to 10,000 homes in Sydney's inner west after a major power fault this morning, and traffic delays into the CBD are starting to clear."
Jordan rationing electricity after Egypt blast

## Got food? ##
Corn Rises as U.S. Midwest May Face 'Severe' Floods; Wheat, Soybeans Gain
Kenya's rising food prices hurt both buyers and sellers
"Food price increases that have caused riots elsewhere in Africa have reached Kenya, and Nairobi residents don't know what to do."

## Intelligence/security/internet/systemic breakdown ##
Amazon's cloud crash destroyed many customers' data
Verizon Experiences 3G, 4G LTE Network Outage
Yahoo Mail Still Experiencing Problems – No Explanations

## Japan ##
Panasonic to axe another 17,000 jobs in cost-cutting drive
Honda's Profit Plunges 38% on Earthquake, Lower Demand
Japan: March industrial output plunges 15.3%
Japan factory output, consumer spending plummets
As offices heat up, clothing retailers expect spike in summer sales
"Expected cuts in air conditioning at companies this summer are expected to heighten the humiliation of ugly sweat stains as well as damp clothing clinging to uncomfortable spots on the body."
Many schools near nuclear plant remain closed, 12,000 children affected
Tepco to Start Decontaminating Water at Fukushima Nuclear Plant in June
Tepco Postpones Latest Plan to Tame Nuclear Plant
"Officials postponed a plan to ramp up efforts to cool nuclear fuel at the stricken Fukushima Daiichi nuclear complex amid concerns that the use of thousands of additional metric tons of water could result in dangerous leaks."

## China ##
China Real Estate: Government Moves To Curb Profits Of Developers
China Economic Growth Faces Risks From Property 'Shocks,' World Bank Says
China's South-to-North Water Diversion roll-out in full swing
Power Shortages Strikes Cities ahead of Peak Time
"The power shortages happening ahead of peak usage time has hit many cities in south China since March, which highlights the contradiction between the supply and requirements for electricity resources, the China News Service reports."

## UK ##
School heads warn of more than 12,000 job losses
British troops could be deployed to Tunisia

## US ##
Thefts rise as price of gas goes up
"Increasingly, consumers are pumping gas and driving off without paying, stealing from other motorists and ripping off large quantities from municipalities and businesses."
As Price of Crude Rises, Thieves Target Fryer Grease
US economy slows sharply
"Growth for the first quarter stood at 1.8 percent, down from 3.1 percent in the last three months of 2010."
Barack Obama's defence overhaul 'risks blurring line between military and spying'
NRC: 'Bama nuke plant shut down safely
Student Loan Debt Hell: 21 Statistics That Will Make You Think Twice About Going To College
There Goes the Data: Major Cuts at EIA Washington
The 9 Places Where Inflation is Crushing Us
Soap is crusting up sewers, but it's not the clean kind
US Economic Confidence Sinks to 2011 Low; 55% Say Economy Still in Recession or Depression
As One Million Exhaust Jobless Benefits, A Look At What Recent Deteriorating Layoff Trends Means
Bank of America's New Credit Card Penalty Interest Rate Is Nearly 30%
Japan shortages hit car, gadget buyers
Earnings aren't as good as they seem
"Companies are reporting stellar results. But drill down in the numbers and you find those companies benefiting from temporary tax breaks and facing climbing costs."

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