Sunday, August 21, 2011


News Links, August 22, 2011

## Global economic meltdown ##
Peter Schiff: No ceiling for gold prices (RT video; some interesting observations)
BlueScope to shut furnace, mill and cut 1000 jobs (Australia)
OneSteel to cut 400 jobs and may close Whyalla blast furnace (Australia)
Iraq dreams big with infrastructure projects
"In Iraq where renovating a single street can take years, government plans for a multi-billion dollar high-speed train to rival Japan's bullet train have been greeted with skepticism by many Iraqis struggling to get even basic electricity services."
Mountains Of Debt Are The NATURAL DISEASE of All Governments (Forbes)
Greek 2011 GDP fall to be worse than thought: finmin
Iceland to speed asset sales to help repay U.K.

## Fault lines/flashpoints/military ##
Karachi gang war: Imran fears economic meltdown
"The PTI chief said that electricity shortfall in Faisalabad alone resulted in massive unemployment. 'If the current chaos and gang warfare is not controlled in Karachi…Pakistan faces imminent economic collapse…Loans amounting to Rs5 trillion, which were acquired over the past 60 years, have doubled to Rs10 trillion since the government came to power.'"
Thousands of rebels approach Tripoli: Reuters witness
Rebels reach Tripoli, no sign of resistance
Gaddafi's presidential guard surrenders - TV reports
Defiant Israel rejects calls for restraint amid fears of full-blown conflict with Gaza
No Firm Decision on Keeping U.S. Troops: Iraq

## Global unrest/mob rule/angry people ##
Global unrest derails some 2012 cruises
Food Riots Ahead?
Chile's student protesters reject proposal
7 teens charged with mob action in Chinatown robbery, attack (Chicago)
After Cellphone Action, BART Faces Escalating Protests

## Energy/resources ##
Iran, Iraq Agree to Develop Joint Oil Fields
The US Energy Information Administration's Faulty Peak Oil Analysis

## Intelligence/security/internet/systemic breakdown ##
Three Paths To Near-Term Human Extinction
Globalization and the Law of Unintended Consequences

## Japan ##
Record High Level For Yen Raises Intervention Stakes, Pressures BOJ
N-plant area uninhabitable 'for many yrs' / Govt to keep entry ban for 3-km zone
Many farmers crushed
Chubu utility may receive 100 billion yen JBIC loan
Yonaguni plot eyed for GSDF monitoring post
"The Defense Ministry is considering obtaining municipal land on Yonaguni Island in Okinawa Prefecture to garrison a coastal monitoring unit in an apparent response to China's growing naval activity, senior ministry officials said Saturday."

## China ##
China's demand for W. African crude jumps -trade

## UK ##
Historic battalions could be lost in cuts, warns general
"Up to a fifth of Britain's infantry battalions, including some of Army's most historic names, will be abolished under Government defence cuts, commanders fear."

## US ##
Layoffs sweep Wall Street, along with low morale
Companies are hiring — just not hiring you
"The inability of tech companies to land enough new hires with advanced engineering skills is pretty well-known. Yet qualified workers are missing even in sectors where you would expect to find them."
Coast Guard struggling to update its aging fleet
Las Vegas home sales declined 13.8% in July
Las Vegas Plans to Top London Eye With Massive Ferris wheel
Regulators close 3 more U.S. banks, 68 for year
Social Security disability on verge of insolvency
Some South Dakota Schools Cut Costs By Cutting a Day

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