Friday, August 19, 2011


News Links, August 20, 2011

## Global economic meltdown ##
German Bonds Rise a Fifth Day on Stock Slide, Signs Global Growth Slowing
Automakers Lead Retreat on European Stocks
Gold closes at record: $1,826.30
Emerging Powerhouses Can't Save the World
"Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth."
Bank of England Official: Loosen Bank Capital Requirements
Yea, and look where fractional reserve lending got us. -- RF
Belgium adds to call for euro bonds, bigger bailout
Spain unveils austerity measures, cuts sales tax
Dow Falls 172.93 Points, Led Lower by H-P
U.S. stocks extend weekly losing streak to four
U.S. Economic Growth Turns Negative: ECRI
Dollar hits postwar low of 75.94 against yen
Kuwait visa curbs tip of the iceberg for Gulf
Europe's Debt Crisis Won't End Until Greece Defaults
It won't end even then, but we'll start with Greece. -- RF
Euro debt crisis: 'No solution in sight'

## Fault lines/flashpoints/military ##
Taliban says it attacked UK, UN offices in Kabul
Hanoi calls time on anti-China protests
Attack on British Council compound in Kabul kills eight
Bahrain government fires hundreds of employees for political views
British troops' supply chain could fail, MPs warn
"Front-line troops in Afghanistan could be hit by shortages of vital equipment within 30 days if the system responsible for sending supplies to them breaks down, MPs have warned."
Civilians 'shot dead' at Syria protests
Egypt protests to Israel over killings
"Egypt has lodged an official protest to Israel demanding an investigation into the killings of three security officials during an Israeli military operation near the border, Egyptian state media reported."
Israel hit by Gaza rocket attack
Libyan Rebels Claim to Advance on Tripoli
South Korea Developing Anti-Ship Missiles: Report

## Global unrest/mob rule/angry people ##
Group of Women Hit Northeast DC Convenience Store in Flash Mob Robbery
"The manager says this is the thrid time it has happened in the last two weeks."
2nd flash mob robbery hits D.C. convenience store
Around The Country, Police Can't Handle The New Wave Of Criminal Flash Mobs
Protesters invade bank headquarters to protest foreclosure practices
Striking Verizon workers protest at CEO's NJ home
"Hundreds of striking Verizon workers held a candlelight vigil outside their CEO's mansion Thursday, hoping to draw a stark contrast between the contract demands of blue-collar workers and the quality of life enjoyed by the company's executives."
Chinese Protest $5B Losses From Reverse Mergers
"Hundreds have vented their anger in four protests since May led by a wheelchair-bound retiree, Lu Yafang. One desperate man last year publicly attempted suicide."
A new Gandhi? India graft activist leaves jail to begin his fast against corruption
Shiite cleric: Gulf ignores Bahrain's reform cries
Thousands of Villagers Clash With Police in Southeast China

## Energy/resources ##
More Disaster in Solar Sector
Colin Campbell on embedded energy
In The Arctic Race, The U.S. Lags Behind
China explores West Africa for Iron ore
Gazprom towing oil rig to arctic circle
Scouring endangers U.S. river pipelines
Chinese Coal Imports Surge

## Got food? ##
World's farmers can't keep up with demand, USDA says
Thailand Sees Higher Demand for Rice as Vietnam Sellers Cancel Deals
Thai rice price policy may ripple across Asia
Vietnam May Release Rice Reserve to Cool Record Local Price
Rising Corn production drives potash demand
India May Turn Sugar Importer Like China on Food Demand
Corn Climbs in Chicago on Falling Stockpiles; Wheat, Soybeans Also Advance

## Environment/health ##
NASA Releases Video of Solar Storm Engulfing Planet [VIDEOS]
Billowing dust storm engulfs downtown Phoenix
Virus outbreak kills 81 children in Vietnam
Prescription drug shortages worsen in Canada

## Intelligence/security/internet/systemic breakdown ##
Hackers breach BART union site

## Japan ##
6.5 quake hits northeastern Japan
Half of children in Fukushima test positive for radiation
Fukushima Japan - the China Syndrome Meltthrough in Progress? August 2011 (RT video)
Radiation Is Detected in Rice in Japan
Japan Crude Steel Output Falls For 5th Straight Month In July
Thermal power plants strained / 8 suspensions in 2 months due to extended use amid shortages

## China ##
Sugar stockpiles unlikely to cover shortage

## UK ##
Record rents trap tenants in a vicious circle
England riots: Prison population rising by '100 a day'
Riots: fears over violence as prison population swells to record level
Britons Face Insurance 'Crisis' as U.K.'s Government Trims Flood Defence

## US ##
Bank Of America To Ax 10,000 Or More Jobs, Say Reports
Los Angeles to quit hiring Standard & Poor's to rate its investments
"The rating firm recently downgraded L.A.'s $7-billion investment portfolio to AA from AAA. 'We have really lost faith in S&P's judgment,' Interim Treasurer Steve Ongele said."
California unemployment rate rises to 12% in July
U.S. GDP Growth Estimates Cut at Citigroup
Retailers, Restaurants Raise Prices to Offset U.S. Labor Costs
Arizona utilities warned on winter outages
Secessionists Seek To Balkanize America
Crazy Photos Of Last Night's Dust-Storm In Phoenix That Left 1000s Without Power
US Pumps $418 Million Into 37 Community Banks
Wall Street firms donated $11.2 million to members of debt 'super committee'
Opinion: Next wave of illegal immigration will be from China
Buy a Gun
"Buy a weapon to prepare for what may be the most devastating economic downturn our nation has ever faced. As one trained in economics, I never thought I'd write those words.
"However, I'll repeat them. Buy a gun."
New High: 93% Say They're Paying More for Groceries Than A Year Ago
Cars Sales Expected to Plunge

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