Saturday, July 23, 2011


News Links, July 24, 2011

## Global economic meltdown ##
Vietnam's Inflation Accelerates to 22%, Highest Among Economies in Asia
Investors Scramble to Prepare for the Unthinkable
Don't get caught holding dollars when the US default arrives
Meet 3 Ratings Agencies That Have Already Downgraded the U.S.
Rising Chinese Redback Could Overtake Debased Greenback
Gold at record close Friday
Silver's a worthy gold rival

## Fault lines/flashpoints/military ##
85 killed in youth camp shooting, 7 in Oslo blast
Tragedy In Norway: A Wake-Up Call For Europe?
Behind the Oslo attacks
Clinton Warns Escalating South China Sea Spats Threaten Asia Peace, Trade
Speaking with the enemy: how US commanders fight the Taliban during the day and dine with them at night
Iranian nuclear scientist killed by assassin on motorcycle
90% of fuel stations failing new Saudization test
US military weighs more Predator drones for Libya

## Global unrest/mob rule ##
Balochistan unrest: Shutter-down strike
Latest developments in Arab political unrest
Syria protests: opposition supporters launch attack on Homs army college
Bloody clashes in Egypt despite democracy pledge
Could We Have Civil Unrest and Riots in the U.S. as a Result of Extreme Inequality?

## Energy/resources ##
Demand for water will increase five times by 2050
Oil rises above $118 amid Europe's debt crisis
Saudis may up oil output further
Iran, Iraq, Syria to sign contract to transit natural gas to Europe
Stunning: Petrobras Spending $224.7 Billion on Offshore Oil
Five billion barrels sounds like a lot, but would actually last the world only two months. -- RF

## Infrastructure scavenging ##
Two arrested for stealing aluminum bleachers at local high schools

## Got food? ##
Price of dinner foods up almost 5% in one year

## Environment/health ##
Chile hit by 'white earthquake' of heavy snow

## Japan ##
Japan utilities push to extend life of nuclear plants
Japan Not Sure Where the Nuclear Contaminated Beef Is
Cases of emergency patient refusal by hospitals rise to over 16,000

## China ##
Chart: Mega-Bear Markets Update
Refinery industry sees profits down 58.7%
China High Speed Rail Crashes, Six Cars Fell Off The Bridge
At least 32 die in east China high-speed train crash
Chinese coal demand to surge by 39 million tonnes in H2

## UK ##
Power cut off at 141 Liversedge homes after metal theft

## US ##
No Sign Of Breakthrough On Debt Talks
US Treasury yields this low make Armageddon look doable
Congress Forces Partial Shutdown Of FAA, Leaves Thousands Without Pay
Con Ed Brownouts Have Spread Across The Entire City (NYC)
Three more U.S. banks go under
Detroit has radical plan: Raze the dead in Motor City
"There are 100,718 vacant addresses in Detroit, which represents about 10,950 acres, or 12 percent of the city."
Heat wave: federal program to help needy pay cooling bills is broke
"Budget cutting means that the federal fund for helping needy Americans pay higher electric bills in the winter and summer had already run out of cash before the current heat wave hit."
Poverty study: 1 in 3 Michigan senior citizens struggles with money
28 states see unemployment rates rise
The Great American Suburban Ponzi Scheme
"This is a classic Ponzi scheme: significant long term costs are hidden behind the appearance of short term prosperity. When the first generation of suburban housing stock matured in the 70s and 80s, the economy slowed as many cities and towns began running deficits, their revenues insufficient to cover the mounting to-do list."
Central Falls Gives Ballots to Police and Firefighters Asking for 50% Pension Reductions or Risk Losing Everything in Bankruptcy Court

And finally... China: Hairless monkey mistaken for 'alien'

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