Sunday, June 26, 2011


News Links, June 27, 2011

## Global economic meltdown ##
Economist Charles Gave: The Euro Will Not Exist In One Year!
Ex-IMF chief: Emerging markets to dominate world, dollar to lose power
Pimco's El-Erian Says U.S. Debt Default Might Have 'Catastrophic' Effect
Inflation fears as India hikes fuel costs
Italy government tensions rise over austerity plans
Soros Says a Euro Exit Mechanism Is 'Probably Inevitable' Amid Debt Crisis
French Banks Said to Offer 70% Greek Government Debt Rollover
French Bank "Partial" 70% Greek Debt Rollover Proposal is Complete "Voluntary" Insanity
Greek rebel MPs may curb austerity reforms: deputy PM
Greek Deputy PM blasts euro exit talk as 'immense stupidity'
Overbuilding in Spain
Action needed on Dubai's stalled real estate
"Dubai must take action to decide the future of real estate projects that have halted in the wake of the financial crash, analysts said, as cash-poor developers stall to avoid refunding investors."
South Africa: Unemployment - Feel It, the Ticking Time Bomb is Here
Air traffic woes threaten Gulf aviation boom

## Fault lines/flashpoints/military ##
Sadr supporters ready for attacks on US troops
"NAJAF, Iraq (AFP) – Supporters of Shiite radical leader Moqtada al-Sadr have offered to carry out suicide attacks against US troops in Iraq, his office said Saturday, as a year-end deadline for a US pullout looms."
China, Vietnam agree to resolve maritime dispute
This might just be put on the back burner — to keep simmering — like the Shirakaba/Chunxiao gas field dispute between Japan and China.
New anti-China protest in Vietnam
"Almost 100 Vietnamese rallied in Hanoi on Sunday for a fourth consecutive weekend to protest against China's role in an escalating maritime row between the communist neighbors."
U.S., China broach South China Sea in Hawaii talks
S. Korea plans 5-day military exercise
European Union growing more divided
Wheelchair bomber attacks Iraqi police station
Hugo Chavez in 'critical' condition in Cuban hospital
Political unease mounting in Venezuela
Tripoli Running Out of Gas and Cash as Qaddafi Pins Hopes on NATO Schisms
Saudi visa curbs may hurt Arab states
Iran to Stage Missile Wargames

## Global unrest ##
Teen mob storms Chicago Walgreens
"Scores of teenagers stormed a Chicago Walgreens store on North Michigan Avenue, stealing bottled drinks and sandwiches en masse, police said."
Suspected flash mob rips off Upper Darby Sears
"They stole sneakers, socks, watches, whatever they could get their hands on, and left."
Two explosive devices found at Colo. mall
Chaos feared as Syria crisis nears bloody impasse
Syrian general: 1,300 soldiers, police killed by armed gangs
Egyptians stone police cars at former minister's trial
China's "conflict handbags"
Disruption in Syria brings fear Turkey could be drawn into border unrest

## Energy/resources ##
Peak Oil - the clear and present danger (TOD)
"Peak oil may threaten the global banking and financial system since the Ponzi scheme of growth based on credit expansion requires a growing stream of cheap energy to fuel the real economy."
The Facts About Fracking (A pro-fracking article from the WSJ)
Insiders Sound an Alarm Amid a Natural Gas Rush
"Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States.
"But the gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells."...
"'The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,' an analyst from IHS Drilling Data, an energy research company, wrote in an e-mail on Aug. 28, 2009."
China eyes Canada oil, US's energy nest egg
'Fuel price hike cripples transporters, economy of country'
"New Delhi, June 25 (IANS) The Delhi Transporters Association (DTA) Saturday protested the hike in price of diesel, saying that it will have a crippling effect on the truckers and transporters - and thus on the economy of the country."
Strategic petroleum reserves: The world's last 'swing producer' tries to save the economy
Dozens of countries queue up to go nuclear

## Got food? ##
WB moves to curb high food prices

## Environment/health ##
Cheap pesticide, costly harvest: Kids genetically poisoned in India (video)

## Intelligence/security/internet/systemic breakdown ##
LulzSec announces it is disbanding
The Internet War

## Japan ##
Japanese parents fume over Fukushima radiation impact
"Angry parents of children in Japan's Fukushima city marched along with hundreds of people on Sunday to demand protection for their children from radiation more than three months after a massive quake and tsunami triggered the worst nuclear disaster in 25 years."
Internal radiation exposure found in 15 people surveyed in Fukushima
Utilities Face 'Denuclearization' Motions As Shareholders Gather
METI goes on TV to pitch reactor restarts at Genkai
"The government took to the airwaves and Internet on Sunday to lobby residents of Saga Prefecture to let Kyushu Electric Power Co. restart the reactors at the Genkai nuclear power plant."
TEPCO plans layoffs to raise compensation funds
Japan Inc. turns a profit despite disaster
"The March 11 earthquake, at the end of fiscal 2010, hurt many businesses and pushed some into the red, but brisk business in the previous 11 months helped many crucial sectors to positive results."

## China ##
Storm drenches east China while drought plagues northwest
China to cut import VAT to boost coal import

## UK ##
UK farm exports to get boost in $1.6 bln UK-China deals

## US ##
The Incredible Comeback For The American Farmer
Flood wall fails at Fort Calhoun
U.S. Economy: Low Money Velocity Signals Troubles Ahead
Abandoned projects leave lasting reminder of economic crash (Las Vegas)

And finally... Brady Bunch mom got crabs in affair with NY mayor

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