Tuesday, April 05, 2011


News Links, April 6, 2011

## Global economic meltdown ##
Portugal edges closer to bailout after debt downgrade
Portugal Banks Threaten to Shun Sovereign Bonds: Report
Moody's says Portugal will need assistance
Honda to Cut India Car Production
China Raises Interest Rates to Counter Inflation Pressure
Sovereign Default-Swap Trades Double on China Slowdown: Australia Credit
Researchers highlight risk to electronics supply chain
Gold surges to record, up nearly $25
Protests in 18 nations drive gold to $1456, silver to $39+, oil to $121
"Mortal Wound": Japan Disaster Could Trigger Global Liquidity Crisis, Martenson Says
Includes video interview with Martenson.
Austerity Watch (4/5/2011) Fear & Loathing In DC, The Collapse Of Portugal

## Fault lines/flashpoints/military ##
Ivory Coast: UN air strikes show West's new appetite for military action
Angry at shortages, Libyans speak louder of change
Mexico violence claims two more US citizens on increasingly perilous border
9 killed as gunmen, authorities clash in Mexico
Here is the New World Order: chaos and pandemonium -- RF
Leading Israelis push for two-state solution with new peace initiative
"Many military and security personnel join group pushing for peace treaties with Syria, Lebanon and the Palestinians"
Crime wave grips Egypt, absence of police blamed
Armed men, police fire on Yemeni protesters

## Energy/resources ##
No respite from power woes this summer (India)
Germany May Be Importing Nuclear Power to Meet Energy Needs
Why Electric Cars are Really Coal Cars
And it's not just a matter of where the electricity comes from. Much coal and oil are needed to acquire and process the materials for the cars, fabricate the parts, and assemble the vehicles, not to mention the oil needed to make the tires, and to build and maintain roads. The industrial infrastructure itself is built, powered, and maintained by coal and oil. And did I mention that asphalt comes from oil? Sorry to say, electric vehicles aren't the ticket to a Glorious Technological Future. -- RF
Oil could hit $200-$300 on Saudi unrest-Yamani
"Oil prices could rocket to $200- $300 a barrel if the world's top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday."
Kazakhstan to delay work on vast oil field by three more years
So much money has been dumped into Kashagan that it is known as "Cash is Gone." -- RF
China, India Seeking Coal From South Africa, Universal Says
What Japan's disaster tells us about peak oil
Tajikistan: Dushanbe's Energy System Springs a Leak
"It has been a winter tradition of late in Tajikistan: with the country's aging infrastructure unable to produce enough electricity, the government has resorted to implementing rolling blackouts. Relief then would come in the spring -- when snowmelt and rain refilled reservoirs and fed hydropower plants. But..."

## Got food? ##
By the Numbers: Food Miles (US)
India Bans Japan Food Imports
Corn price hits record in hunt for rationing point
"Corn prices set a clear record in Chicago, as investors sought the point for rationing America's tight supplies of the grain amid bullish talk on ethanol use of the grain and exports."

## Environment/health ##
Arctic ozone levels in never-before-seen plunge
Huge Arctic 'pool' could flush into Atlantic, alter weather
"'Unpredictable impact on an ocean current system important to both European weather and marine food chain,' experts warn"

## Intelligence/security/internet/systemic breakdown ##
Criminals target mobile devices and social networks
Another Internet bubble is coming

## Japan ##
Must-see video: Catastrophic water dump means Fukushima really out of control
Japan's ocean radiation hits 7.5 million times legal limit
Govt holding radiation data back / IAEA gets info, but public doesn't
Radiation-shielding sheets to be installed around nuclear plant in Sept at earliest
What would possible curbs on power consumption in summer entail?
Fuel cells, solar little help in blackouts
Tepco shares plunge to record low on radiation crisis
Japan's nuclear plant operator pays "condolence money"
Special Report: Japan power crunch could get worse in summer
Should rural towns in Japan be rebuilt?
Japan sets radiation safety level for seafood
1st quake reconstruction budget to top Y3 trillion
Japan's blackouts challenge businesses hurting after quake

## China ##
Beware China's Growth Slowdown: Strategist McCain
Roubini on China's Unsustainable, Unbalanced Growth Model

## UK ##
One-third in Britain to retire in poverty
UK Braces for 'Worse-off Wednesday' as Austerity Bites
BA raises long-haul fuel surcharges
Libya: Nato to ask RAF to contribute more warplanes
"Britain's overstretched air force will be asked to find even more fighter jets in the coming days, in spite of committing four extra Tornados for military operations overLibya on Monday."
PFI hospitals 'asset stripping'

## US ##
Las Vegas Airport complete blackout
Japan Shows Us It Can Happen Here (on the possibility of power failures at nuke plants)
New York City's electricity prices may double by 2014
Geithner Sees 'Severe Hardships' If Debt Limit Isn't Raised
House Republicans Unveil Budget Plan With $6 Trillion of Cuts Over Decade
Rats! Another reason to watch your step in New York
"Absolutely no one likes a rat, a city official said on Tuesday, demanding $1.5 million be restored to the budget to be help control what he called Manhattan's horrific rat problem."
Food stamp usage continues on explosive climb
Service Industries in U.S. Expand Less Than Forecast on Higher Fuel Costs
Geithner warns again of U.S. default
New study finds people expect to work longer before retiring
They needed a study to discover this? -- RF
Southwest Airlines Scare Highlights Aging of US Fleet
"Forty-four percent of the US fleet of passenger planes is at or near retirement age, 22 years of service. The average age of all U.S. airplanes right now is 12 years."
Our Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Hawaii Hotels May Struggle to Repay Debt as Japanese Travel Dips
How does the Japan slowdown hurt thee? Let me count the ways. -- RF
One of five homeowners having difficulty paying the mortgage

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