Saturday, May 21, 2011


News Links, May 22, 2011

## Global economic meltdown ##
Italy Outlook Revised to Negative by Standard & Poor's; Ratings Affirmed
Russia to loan Belarus $3 billion over 3 years
$4 billion Saudi aid for Egypt
Drifting back to gold standard
Indian official: Inflation major challenge

## Fault lines/flashpoints/military ##
15 killed as NATO oil tankers attacked in Pakistan
Pakistan looks east to 'good friend' China
Pakistan says wants China to build naval base
"Pakistan said on Saturday it wanted China to build it a naval base, in the latest sign of moves to strengthen ties with Beijing as relations with Washington falter."
India Worried By Growing China-Pakistan Ties
Chile: Valparaiso protesters in clashes with police
Spanish protesters cheer for 'world revolution' as ban on demonstration takes effect
Georgian protests, TV building attacked
"Some 10,000 Georgians rallied in Tbilisi demanding President Mikheil Saakashvili resign, while in the southwestern town of Batumi a witness said demonstrators tried to break into a television building."
Syria's defiant women risk all to protest against President Bashar al-Assad
Yemeni leader says he'll leave, warns of al-Qaida
NATO Pounds Gadhafi Forces' Command Centers
Russia threatens arms race over missile shield
US-Iran Escalation: Iran Arrests 30 US Spies As It Builds Venezuelan Missile Base; America Sends A Third Aircraft Carrier To Persian Gulf
Latest developments in Arab world's unrest

## Energy/resources ##
Petrobras to tap Exim loan 'soon'
"Brazilian oil company Petrobras is closing in on a $309 million loan facility from JP Morgan Chase bank with a credit line guarantee from the Export Import Bank of the United States, Exim's press office said Friday."
Belarus to sell gas pipeline to Russia - report
"The deal would give Russia complete control over Belarus'pipeline network which tranships Russian gas to Europe."
Most German nuclear power plants offline due to maintenance, post-Fukushima policies
Power cuts: Enraged by loadshedding, protesters turn violent
"Protests over prolonged power outages turned unruly on Friday, as Wapda's office was attacked and vehicles pelted with stones, injuring police and rescue officials and leading to 35 arrests."
Iraq has now become the third largest oil reserves holder-oil minister

## Got food? ##
Drought in US, EU stressing crops, farmers
Imports raise food security flag in UAE
Corn, wheat prices ride torrent of weather shocks
"'Farmers have been dodging bullets with Mother Nature these last few years,' said Kevin Kerr, editor of Kerr Commodities Watch. 'It's inevitable that we will eventually get a growing season of severe heat and drought or disease — that year may be here.'"

## Environment/health ##
Mahmoud Ahmadinejad says Europe 'stealing Iran's rain'
Considering Europe's drought, they are clearly not stealing enough. -- RF
France Expands Restrictions on Use of Water as Dry Conditions, Heat Endure

## Japan ##
Total 250 tons of radioactive water leaked into sea early May: TEPCO
Nuclear cleanup workers being recruited from society's lowest rungs
China, Japan sign quake reconstruction agreements
I'd better brush up on my Chinese. -- RF
Anti-China march over disputed islands

## China ##
Most Chinese Stocks Decline Amid Power Shortage, Growth Concerns
Shanghai Planning Gold Exchange-Traded Funds to Tap Rising Demand in China
China's Three Gorges Dam accelerates water discharge to relieve downstream drought
China to open RMB FDI

## UK ##
Vince Cable: People do not understand how bad the economy is
Ban on washing cars this summer as new hosepipe bans come in
Pothole problem sinks to new depths amid £13bn repair bill
"Under the guidelines, holes that are less than 1.57 inches (40mm) in depth will no longer be repaired. Previously, holes as shallow as 0.98in (25mm) were filled in."
Wave of 'Arab spring' refugees heading for Britain

## US ##
Texas politicians knew agency hid the amount of radiation in drinking water
U.S. Charges Connecticut Man With Making and Selling Homemade Explosives
Art, Rare Jewel Market Thrives In Tough Economic Times
80% of SF homes decreasing in value?
Three big US gas producers face fracking disclosure resolutions

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