Friday, July 08, 2011


News Links, July 9, 2011

## Global economic meltdown ##
Ambrose Evans-Pritchard Is Back, Guns Blazing
IMF agrees to give Greece 3 billion euros ($4.2 billion) in latest rescue package installment
India to import 350 tons of gold, 1200 tons of silver
"India's state-owned trading company—Minerals and Metals Trading Corporation (MMTC)—said on Thursday that it would import 350 tons of Gold and 1,200 tons of Silver in 2011-12 as demand for the precious metals is rising fast."
Air France Flyers Told to Take Own Trash
Wall Street Slashing Pay—Even for Best Performers
"Large Wall Street banks are starting to scale back compensation on trading desks as shareholders grow increasingly restless over weak returns."
European Financial Crisis: Portugal Update
UniCredit Stock Halted After Plunge As Fresh Wave Of Italian Fears Emerges

## Fault lines/flashpoints/military ##
Nato strikes at Libya's oil in bid to oust Gaddafi
Gaddafi threatens attacks in Europe
China defends military aircraft's right to fly over Diaoyu Island
U.S., Japan, Australia Plan South China Sea Drill
As DSK's Star Is Rising, Is Lagarde's About To Set? French Court To Decide Whether To Open Against Brand New IMF Head
Iranian officials put on travel blacklist by UK, US and Canada
US drone strikes in Somalia likely to rally local support for militants
Could Energy Resources Cause Russia to Spark a Naval War in the Caspian?
Brutal Cartels Make Crossing U.S. Border Even Riskier
South African arms exports soar
Greek students see their dreams recede
The "War On Terror" Is A $6 Trillion Racket, Exceeding The Total Cost Of World War II

## Global unrest ##
Tens of thousands prod new rulers in Egyptian protests
Malaysia to lockdown largest city to block protest
Karachi violence worsens
"Karachi, Pakistan's financial capital, torn apart by deadly ethnic and political violence, faced a standstill Friday with businesses afraid to open."
Karachi: 'Shoot on sight' orders as violence soars
Syrian Forces Storm Protest in Damascus Suburb
Mob goes berserk in Moradabad, DIG hurt (India)
In Belarus, one-armed man arrested for clapping
"The crackdown in Belarus grew more indiscriminate this week. Among the 400 arrested: a one-armed man charged with taking part in the clapping protests and mute person accused of shouting antigovernment slogans."

## Energy/resources ##
Northern Nigeria's 'huge' oil reserves
How much energy does it take to get 1 kg into orbit?
Madagascar rare earths find may challenge China monopoly
Iran aims to protect oil market share

## Got food? ##
Ethanol aid end won't hurt corn for long

## Environment/health ##
La Nina, Blamed For U.S. South Drought, May Revive This Autumn
European E. Coli Confirmed In Arizona Death

## Intelligence/security/internet/systemic breakdown ##
Hackers break into Washington Post jobs site
U.S. official says pre-infected computer tech entering country
"Confirming years of warnings from government and private security experts, a top Homeland Security official has acknowledged that computer hardware and software is already being imported to the United States preloaded with spyware and security-sabotaging components."

## Japan ##
Major banks arranging up to 50 bil. yen loan to Kansai Electric
Tokyo Electric (TEPCO) and Chubu Electric have also received massive cash infusions to keep the electricity flowing. -- RF
Analysis: Summer to test Japan resolve over nuclear power
Japan May Be Nuclear Free by May
"Japan may have no nuclear reactors running by May next year should the round of tests announced by the government this week cause further delays to restarting units idled for maintenance, a Bloomberg survey shows."
Japan Examines Future of Tepco
Brisk Buying of Japan Bonds Won't Last, Banking Official Says
Troubled Nuclear Plant On Way To Stable Cooling This Month
Pension fund lost ¥300 billion in fiscal '10
SDF antipiracy base starts full operations in Djibouti

## China ##
China's Economy Is a Ponzi Scheme (Taipan Daily)
Car sales shift into gear with 3.5% rise
Universities' debts rocketing as they expand
Guangzhou Opera House falling apart
China's costly pigs irk consumers, help producers

## UK ##
British Gas raises gas and electricity prices
"British Gas announces 18% and 16% rises to its gas and electricity prices, as Scottish & Southern Energy suspends all doorstep sales with the loss of 900 jobs."

## US ##
Amarillo, Texas, has wave of arson
Minnesota Loses AAA Rating on Budget Problems
After the Shuttle: From Space Coast to Ghost Coast?
Alter: Sputnik Dreams Lost to Shuttle Realities
The decline of the space program is part of overall industrial decline. -- RF
Too Many Public Works Built on Rosy Scenarios
"Cost overruns in the order of 50 percent in real terms are common for major infrastructure, and overruns above 100 percent are not uncommon."
Mob descends on Dallas convenience store; eats, drinks, steals, trashes (includes video)
Chicago Has Most Foreclosed Homes Of Any City In America
US jobs creation stalls in June
"Only 18,000 new jobs were created in the month, way below expectations of a 90,000 rise, which had been raised by strong private sector hiring figures released on Thursday.
"The unemployment rate also rose, to 9.2% from 9.1% a month earlier."
America the Jobless Ghost Ship Sails Onward (Gregor Macdonald)
"Today's employment report may finally administer enough of a shock to force the US policy complex to face up to two facts: 1. This is not a post-war recession. 2. Energy, not financial capital, holds primacy for the economy's future."
'Horrific' Jobs Report Renews Fears of Double-Dip Recession
Labor Force Participation Rate Drops To Fresh 25 Year Low: 64.1%
Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt
Woman Could Be Jailed For Vegetable Garden
Wisconsin Concealed Carry Gun Law Signed By Governor Scott Walker
Analysis: Belt-tightening may squeeze economy, markets
How bad is it? Pawn shops, payday lenders are hot
Consumer Borrowing Rises for Eighth Straight Month
"Hamster Wheel Economy"
Regulators shut small Georgia bank; 48th in 2011

And finally... UK City Releases Plans to Deal With Zombie Attacks

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