Monday, May 09, 2011


News Links, May 10, 2011

## Global economic meltdown ##
German Government Advisor Says Eurozone May Not Remain Intact Over Next 12 Months
Greece suffers another downgrade of its credit rating
EU mulls lower rate plan for Greek debts
Greek Fund Industry Head Warns Debt Restructuring Would Devastate Economy
China's Rising Wages Propel U.S. Prices
Singapore GIC: A U.S. Downgrade Could Spark Fresh Crisis
"'We face the possibility of another major financial and economic crisis if the world's risk-free asset, hitherto U.S. bonds, loses its AAA credit rating in a disorderly manner,' Mr. Tan, who is also GIC's executive director, said in a speech at a conference organized by the sovereign wealth fund."
Irish to Avoid 'Doomsday,' Honohan Says as Rescheduling Mooted
Silver, gold rebound from shaky week
Indonesia's Astra sees car output down 15 pct y/y in Q2
"Indonesia's Astra International, the country's largest vehicle distributor, said on Friday it expected car production to fall 15 percent in the second quarter from a year earlier, because of part shortages from Japan."
U.S. eyes ways to support battered Egypt economy
Palestinian Authority can't pay salaries in May
Energy, metals stocks rise with commodity prices
So Much For Pimco Buying Bonds: Duration Weighted Treasury Exposure Hits Whopping -23% Short, Cash Surges To Unprecedented $89 Billion
Saudi Arabia gets tougher on jobs for expats
"Saudi Arabia has announced new plans to intensify its Saudization jobs policy, ranking private companies according to how many locals its employs."

## Fault lines/flashpoints/military ##
Syrian army 'surrounds Damascus suburb'
Security Forces Shoot Demonstrators in Syria, Yemen
Syria rounds up thousands in crackdown: activists
China looks to bolster defenses against pirates
As pirate attacks grow, shipowners take arms
"If you look at the way things are going in the Indian Ocean, it's just getting worse"
China, Central Asian countries hold anti-terror drill
India Begins War Games Along Pakistan Border
Strain on U.S. forces in Afghanistan at a five-year high
Pakistani lawyer to try and halt drone strikes
U.S.-Pakistan Flareup Threatens Troops' Supply Route
Report: Israel To Invest $1 Billion In Iron Dome
Confronting the sea mine threat
Can anything stop China's super-fighter?
"No other fighter in the neighborhood can match the J-20, it says, and its range and speed mean it could attack American bases in South Korea, Japan and Guam — or any other targets it so so chose — and there's nothing anyone can do."
13 killed in clash on Mexico-U.S. border lake
"Twelve suspected members of the Zetas drug gang and a member of Mexico's Navy were killed in a shootout on an island in a lake that straddles the U.S.-Mexico border, authorities said Monday."

## Energy/resources ##
First line of Nord Stream gas pipeline nears completion
Japan, U.S. plan nuclear waste storage in Mongolia: paper
"A Trade Ministry official said Japan, U.S. and Mongolia officials, at a meeting shortly before Japan's March 11 earthquake, informally discussed possible construction of a nuclear waste storage facility for countries with nuclear power plants but no spent fuel storage capability of their own."
Oil tops $100 at trading's close
JPMorgan Hikes Brent Forecast To $130 By Q3
What is Oil Really Worth?
Venezuela Restores 90% of Power After Blackout Affects 10 States
Islandwide blackout on Guam
IEA wants OPEC to start producing more oil
Iran set to increase Crude Oil refining capacity

## Got food? ##
Soils of UK and Europe drying out
Food inflation, land grabs spur Latin America to restrict foreign ownership
"Brazil, Argentina, and Uruguay seek to control food security by rebuffing land-buyers from Europe and Asia. Already in Uruguay, an area the size of Denmark sits in foreign hands."
Smart move. -- RF

## Environment/health ##
Methane found in wellwater near natural gas drilling (US)
Gas in Marcellus Water Wells Is Explosion Risk, Study Says

## Intelligence/security/internet/systemic breakdown ##
Inside The United States' Secret Sabotage Of Iran
Pakistan media report alleged name of CIA official
Iran Claims It Has Evidence bin Laden Died Of Illness "Long Ago"

## Japan ##
Japan to close nuclear plant over tsunami worries
"However, an unusually hot summer would raise the risk of Chubu not having enough capacity to meet peak demand, which could cause problems for Toyota Motor Corp and other major manufacturers with factories in the region."
Hamaoka plant's shutdown likely to impact nationwide power supply
"Chubu Electric Power Co's decision Monday to shut down its Hamaoka Nuclear Power Station may have implications not just on the regional utility's service area in central Japan but on the entire nation because the company will have to seek help from other utilities in securing power supply especially in summer when it was supposed to be helping beleaguered utilities hit by the March 11 disaster."
Deadly Silence on Fukushima
Where's the plutonium? -- RF
More Fukushima veggies banned
Quake shifted Japan; towns now flood at high tide
Japan looks at private funds for quake-hit areas: Nikkei
Because the government is broke. -- RF
Quake to Spur Biggest Japan Home Boom in 15 Years, Sekisui Says
With no car, road to recovery rough / Aged and ill robbed of mobility; workers face grueling commutes by bicycle

## China ##
PLA denies rumors of massive cutbacks
China Coal Prices Rise for Sixth Week; Inventories Rebound

## UK ##
Customers to face further energy bill increases
"Consumers are facing another round of energy price rises after the UK's biggest supplier revealed a further squeeze on its margins."
U.K. April House Prices Fall Most in Seven Months, Halifax Says
Nuclear power 'cheaper option than offshore wind farms'
Not if you include the cost of having someone manage nuclear waste for a few thousand years. -- RF
'No wavering' on Libya, warns Liam Fox

## US ##
US Housing Just Had Its Worst Quarter Since 2008, As Foreclosures Surge Again
Ariz. seeks online donations to build border fence
Bill would reverse ban on spraying sewage on farmland
Gas prices hit $4 per gallon average across U.S.
29 Fires Intentionally Started Near West Virginia University, 5 People Arrested
Trading the Flood: Gas Futures Surge on Refinery Concerns
Factbox: Refineries Near Swollen Mississippi River
Home Values See Biggest Drop Since 2008
The 20 year Japanese bear market in real estate is making its way to the United States
'Underwater' Homeowners Rise to 28 Percent: Zillow
This Leading Indicator Suggests The Consumer Can't Support The Recovery
Bank Of America To Start Charging 30% On Credit Cards
Boehner to call for 'trillions' in cuts as debt ceiling deadline looms
THE PRICE OF COLLEGE: $23,000 Of Debt At Graduation–Up 50% In A Decade
10 Everyday Grocery Items: Now and Then (food inflation over the past three decades)

<< Home

This page is powered by Blogger. Isn't yours?