Wednesday, August 10, 2011


News Links, August 11, 2011

## Global economic meltdown ##
Central Bankers Worldwide Race to Save Growth in 72 Hours of Policymaking
Equities in Long-Term Bear Market: Analyst
UK riots to cost insurers "tens of millions"
Commerzbank profits hit by Greek debt writedown
"Commerzbank, Germany's second largest bank, has seen its second quarter profits all but wiped out by a 760m-euro ($1.1bn; £676m) writedown of its Greek debt."
Analysis: Is China left holding the credit baby?
"August's dramatic financial shock, which is now both feeding off and risks fueling another economic downturn, may well introduce a third phase of the four-year-old global credit crisis -- the infection of the ultimate creditors."
Debt crisis: share prices slump in response to France deficit
Dow plummets again -- loses 520 points
US, OPEC Cut World Oil Demand Growth on Economy
EON Cuts 11,000 Workers, Slashes Dividend
Gold to rise soon to $2000 on global uncertainties: BofAML
Cathay Pacific First-Half Net Drops 59%
"Cathay Pacific Airways Ltd. said its first-half net profit fell 59% year-to-year because of rising fuel costs as well as softer demand for its freight services after a strong rebound in 2010."
Gold shoots past record US$1,800 an ounce as investors pull money out of stocks
The Second Great Contraction
French banks rattled by crisis
The Run On SocGen Begins? Bank Down 17% On Rumors It Is On The Verge

## Fault lines/flashpoints/military ##
North Korea artillery lands near South island in disputed waters
South Korea returns fire on North in disputed waters
Syria Protests: U.S. Preparing To Demand Departure Of President Bashar Assad, Say Sources
Syrian forces kill 17 in Homs as outrage mounts
Falklands' new oil find seen as viable
Britain 'woefully unprepared' for Arctic warfare
"Britain's armed forces, already stretched by operations in Libya and Afghanistan, are "woefully unprepared" for operations on a new front - the Arctic circle."
'Rising attacks' on medical staff during wars

## Global unrest/mob rule/angry people ##
Violence spreads beyond London (RT interview with CollapseNet's Michael Ruppert)
Inside Tel Aviv's tent city
Gloucester suffers night of violence as rioting spreads
London riots: Mobs on rampage in the Cotswalds
UK riots: Manchester gangs using children as lookouts
"Organised gangs went on a looting and rioting rampage through the centre of Manchester, with children to act as spotters to warn of approaching police."
Anarchy and Austerity: Why London Won't Be the Last City to Burn
Police firing on violent protesters kills 3 (India)
"Three people, including a 45-year-old woman, were killed in police firing off the Mumbai-Pune Expressway at Rautwadi in Kurunj village about 55km off Pune, during a protest by farmers against diversion of water they use for irrigation, on Tuesday.
"More than 100 people including 25 policemen were also injured in the incident in the skirmish between the police and violent protesters, who had blocked the crucial Mumbai-Pune Expressway, media reports said."
Student Protests in Chile (photo gallery)
Ugandan police fire teargas at Besigye's supporters

## Energy/resources ##
Why Falling Oil Prices are NOT a Reason to Celebrate (Robert Rapier)
Tanzania Regulator Holds Crisis Talks Over Fuel Shortage
Customers fume as gas stations run dry (Canada)
Power cuts a drain on businesses (New Zealand)
Water and coal shortages lead to power restrictions in most of southern China
EPA waiver requested to prevent gasoline shortage in West Tennessee
China and Rare Earths - Monopoly for Now
Canada's Increasing Demand for U.S. Natural Gas
"Canada needs US natural gas to help produce its bitumen oil sands. As oil sands production ratchets up from 1.5 million barrels per day to 5 mbpd by 2020, Canada's demand for US gas should continue to rise."
Saudis pump most oil in 30 years to replace lost supply

## Infrastructure scavenging ##
Police report flood of thefts of metal rich backflow preventers

## Got food? ##
Double-dip could squeeze farmers

## Environment/health ##
Sun unleashes the largest solar flare in years
"'It was a big flare,' said Joe Kunches, a space scientist with the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. 'We lucked out because the site of the eruption at the sun was not facing the Earth, so we will probably feel no ill effects.'"
'Super' mouse evolves resistance to most poisons

## Intelligence/security/internet/systemic breakdown ##
Anonymous Vows Facebook Destruction on November 5th 2011
China becomes major victim of cyber attacks
London riots: how BlackBerry Messenger played a key role
Verizon Says Equipment Sabotaged in Central NY
Hacker Triggers Halt Hong Kong Exchange

## Japan ##
TEPCO teetering on financial edge
National Debt Hits Record Y943tln In June
Power Demand Jumps As Temperatures Soar
Tohoku Electric in desperate need of power supply support
Cattle giant files for bankruptcy
Fukushima Pref. suffers 20 bil. yen in rain damage
How long will Japanese banks continue to buy up bonds?

## China ##
Get Used to Slower Chinese Growth (WSJ)
China July Exports Top Forecast, Surplus Swells

## UK ##
London riots: 'we can't cope', police admit
Vigilantes join 16,000 police on capital's streets
UK will be downgraded: Jim Rogers
Bank of England Revises UK Growth Down to 1.4%
Number of NHS patients waiting over six weeks for tests quadruples
Riot costs could 'decimate' police authorities' funds
UK riots: police forces across country told to cancel leave

## US ##
Goldman says QE3 likely after dovish Fed statement
Economists Raise Expectations for QE3: Survey
Stocks Slide 4.6%, Ending at 11-Month Low
U.S. Budget Deficit Hit $1.1 Trillion In July
Weekly Outflows From Domestic Equity Mutual Funds Surge To $13 Billion, Nearly Surpass Post-Flash Crash Record
Bank Of America Scrambles To Shore Up Capital: In Negotiations To Sell $17 Billion China Construction Bank Stake
Bernanke has thrown in towel on economy
Most Americans can't afford a $1,000 emergency expense
Gold hits $1,800; but what about farmland?

<< Home

This page is powered by Blogger. Isn't yours?