Wednesday, June 08, 2011


News Links, June 9, 2011

## Global economic meltdown ##
Afghanistan faces 2014 'cash crisis' when troops leave
Germany Seeks Extending Greek Maturities
"German Finance Minister Wolfgang Schaeuble said bondholders must contribute a 'substantial' share of a second aid package for Greece, proposing a swap that credit-rating companies may term a default."
Greek Economy Grinding To A Halt As Daily Protests Cripple Industrial Production
Unrest hits airlines on the bottom line (Middle East)
"'The whole region got tarnished by revolutions, in terms of both tourism and business traffic,' said Hussein Dabbas, the chief executive of Royal Jordanian Airlines. 'Leisure traffic from Europe and the US basically dried up.'"
World Bank Warns Developing Nations on Overheating
China's Net Purchases of Japan Long-Term Debt at Record as It Diversifies
Beijing Allows Bank of China to Bring Yuan Back to Mainland
"Bank of China Ltd. has received its first approval to bring yuan it accumulated offshore back to mainland China, in a rare move that is part of Beijing's plan to promote the global trading of the country's currency."
China under great inflationary pressure: NDRC
India's super-rich to treble in next five years
US Is Nearing Even Worse Financial Crisis: Jim Rogers
Republicans Are Pushing For A "Brief" Default As China Warns US Is "Playing With Fire"
Biggest Risk to Global Economy Is US Default: Fed's Bullard
Death By Debt (Chris Martenson)

## Fault lines/flashpoints/military ##
8 Chinese navy vessels cross high seas between Okinawa islands
Lloyd's spurns India's demand to reverse expansion of piracy risk zone
Sea Breeze 2011 International Naval Exercises Start In Odesa
Witnesses: Tribal fighters take over major city in Yemen
China aircraft carrier confirmed by general
NATO extends Libya operation by 90 days
Gadhafi daughter files lawsuits over NATO campaign
"Lawyers for Moammar Gadhafi's daughter filed suits Tuesday in Paris and Brussels, claiming war crimes by NATO and the alleged assassination in late April of four of the Libyan leader's relatives."
Pentagon Deputy: Your Future Wars Will Be Long Ones
Iran Nuclear Output To Triple, Use Better Centrifuges
Canada-U.S. perimeter security deal will benefit both countries
Rising land prices may threaten Saudi housing plans

## Global unrest ##
Protesters clash with police in southern China
"Hundreds of people battled police and destroyed cars in southern China after a factory worker was wounded in a knife attack over a wage dispute, authorities and media said Wednesday."
Greece: Unrest over austerity plan seethes
Injustice may spark fresh Kyrgyzstan violence - Amnesty
Why Is Bread A Trigger For Unrest?
Settlers try to burn down West Bank mosque
Belarusians Protest Fuel-Price Increase
Maliki faces possibility of new Iraq protests
"Iraqi Prime Minister Nouri al-Maliki faces a new challenge Tuesday with the expiration of the 100-day cooling off period he set to quell violent protests nationwide, as the government struggles to implement reforms and expand services."
Thousands of troops march on Syrian town led by 'murderous' brother of Assad
Hundreds in Syria flee to Turkey, fearing army assault

## Energy/resources ##
Opec holds oil production as BP says energy demand rose
Did OPEC Just Telegraph $100 Oil Here to Stay?
Lahore: Severe gasoline shortage, no CNG
Power failure forces halt of Metro trains; commuters stranded (New Delhi)
As Oil Demand Grows Faster, OPEC Needs to Up Output
Petrol shortages as $100 oil crimps retailers (UAE)
Poland Targets Shale Gas to End Russian Grip
Forget OPEC: Russia is key (Jeff Rubin)
"Other than a gratuitous gesture to their concerns, any announced OPEC production increase isn't going to pump more gasoline into U.S. gas tanks or, for that matter, the tanks of motorists anywhere in the OECD."
China surpasses US as top energy consumer
US universities in Africa 'land grab'
"Harvard and other major American universities are working through British hedge funds and European financial speculators to buy or lease vast areas of African farmland in deals, some of which may force many thousands of people off their land, according to a new study."
A Look at US Military Energy Consumption
The World Turns to Coal (Gregor Macdonald)
Exxon's Big Oil Discovery Is No Game-Changer… High Prices Continue
Nigeria Power Output Drops 32% After Utorogu Gas Plant Halts
Electricity shortage reaches 2,360MW (Pakistan)

## Got food? ##
Corn-Crop Delays in U.S. Signal Tightest World Supply Since 1974
Billions Needed To Boost Food Production, Says DuPont Committee
But dependence on farm machinery, chemicals, and high tech will just aggravate the situation when they are no longer available. -- RF
Food Demand Eating Into Tropical Forests: Report

## Environment/health ##
NASA: Huge solar flare may disrupt power and communications
New evacuations as Ariz. fire tops 600 square miles

## Intelligence/security/internet/systemic breakdown ##
US: 'Slain' Pakistani Militant Leader Probably Still Alive

## Japan ##
Power outages at Japan's Fukushima plant, cooling continues
"The operator of a crippled Japanese nuclear plant said on Wednesday it had experienced power outages at two of its reactors but it was able to continue the cooling process to bring them under control."
Power supply forecast to drop 11% if 11 reactors remain idle
"The Ministry of Economy, Trade and Industry has estimated that the combined supply of electricity by five power companies outside the March 11 disaster-affected region will be smaller than projected by 11% or 8.8 million kilowatts in August if their 11 nuclear reactors, now shut down for regular inspections, fail to resume operating, ministry sources said Wednesday."
Fishermen to Tepco: Don't release water
CNN's John King interviews Arnie Gundersen about the Hot Particles discovered in Japan and the US (video)
Unwanted radioactive sewage sludge piling up
BOJ to Consider Expanding Loans to High-Growth Sector
"Unless economic growth is achieved, it would make it difficult for Japan to pay off the staggering amount of its debt, now twice the size of its economy."
Japan's FY11 Growth Forecast Cut To 0.1%: Survey
World Bank , IMF dismal on Japan growth potential
Draft reconstruction proposal calls for tax hikes

## China ##
China floods kill 24, force 100,000 to evacuate
Is China's real estate bubble starting to pop?
China's "Great Suppression" Will Fail: Analyst
No sign of let up in China's skyscraper building spree

## UK ##
Poorest pensioners face 'heat or eat' concern
Britain's rat population is booming due to reduced rubbish collections and cuts in council budgets
Britain facing £23m bill as cost of E. coli panic soars
Hosepipe bans on horizon as drought declared
Moody's Warns UK's AAA Rating at Risk

## US ##
Total debt to rise higher than GDP in 2011
Here It Comes: Obama Considering Another Fiscal Stimulus
Bill Gross: Treasury investors will 'get cooked'
U.S. stocks fall for sixth day on economic nerves
Beige Book Released: "Japan Is The New Snow" In Explaining A Slowing Economy
More retailers hit by organized crime: survey
"Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group.
"Of 129 retailers, primarily national store chains, surveyed this spring by the National Retail Federation, 94.5 percent said they were victimized by organized criminals in the past year. And 84.8 percent said the problem has only worsened in the past three years."
Mother Nature Turns Up the Heat and Homeowners Pay the Price
"MXenergy, one of the nation's leading independent energy providers, advises homeowners to be prepared for not only higher electric bills but higher natural gas costs as well.
"'What many people do not realize is the number of electrical plants powered by natural gas,' says Jeffrey Mayer, MXenergy President and CEO. 'In addition, many nuclear power plants happen to be down for maintenance, placing natural gas power at an even greater premium.'"
Retail shoplifting rings a growing threat and North Jersey is a prime target
'Flash Mob' Attacks Used By Gun Rights Advocates To Build Concealed Carry Support
Flash mobs morph into crime mobs
Refinery Status: Valero Shuts Some Port Arthur Refinery Units On Power Failure
Goodrich to close Cleveland plant
"The firm said it would take a one-time charge of $39 million to shut down the plant that makes landing gear for the aerospace industry."
Gas prices, economy hit McDonald's May sales
Obama Hints U.S. Might Tap Petroleum Reserves To Combat Libya Oil Disruption
EP Electric: Fire Could Reach Power Supply by Friday
2011 Hurricane Season Looks Off To An Early Start
Tip about bodies in rural Texas turns up nothing

And finally...
Hillary Clinton Comic Book Hitting Stores
Titanic II embarks on maiden voyage, lives up to its name

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