Sunday, August 07, 2011


News Links, August 8, 2011

## Global economic meltdown ##
ECB to buy Italian, Spanish bonds to stop contagion
India Would Be Concerned if a Slowdown Followed, Says Policy Adviser
"The U.S. is the most powerful economy in the world; this is obviously a matter of great concern."
Bank Bonds Hurt as Sovereign Crisis Threatens More Writedowns: Euro Credit
Israel Stocks Fall Most in 11 Years on Concerns About Global Growth, Debt
Dollar to Be 'Discarded' by World: China Rating Agency
We face recession without shock absorbers as Berlin loses patience with the eurozone (Ambrose Evans-Pritchard)
"The Great Reprieve is exhausted. The world has used up the three years' grace gained by extreme stimulus after the debt bubble burst in 2008."
Asian markets will test downgrade's impact
Rough week: $2.5 trillion wiped off value of world stocks
Gold Futures Surge to Record on Haven Demand
France's AAA Rating May Be Vulnerable
Gulf bonds to see further sell-off after US downgrade

## Fault lines/flashpoints/military ##
U.S. military trainers could be targets: Iraq's Sadr
"Iraq's fiercely anti-U.S. cleric Moqtada al-Sadr has warned that U.S. military trainers will be targets if they stay in the country beyond a year-end deadline for American troops to leave."
US expands role in Mexico's drug war: report
Fighting rages on several Libyan fronts
Libyan rebels strike key oil pipeline
"Libyan rebels have inflicted a devastating blow on Col Muammar Gaddafi's Tripoli stronghold with a strike on a key oil pipeline that has triggered widespread electricity blackouts in the capital."
Tensions rise between Syria, Arabian Nations

## Global unrest/mob rule/angry people ##
Syrian armored military assaults kill 57: activists
Capital sees second night of clashes
"Clashes broke out between police and rioters in Enfield, north London, tonight, in a second night of violence in the capital."
Israel PM forms panel to quell protests
Israelis plan million-strong march as protesters call for social justice
"Activists behind spiralling protests in Israel plan to build on one of the biggest marches ever seen in the country by piling on 'more pressure, more people, more tents and more protests' culminating in a million-strong march in 50 cities next month."

## Energy/resources ##
U.S. Debt Deal Kills Off Prospects of Renewable-Power Support
"U.S. government support for renewable energy may plunge from record levels, setting back the use of wind and solar power before they can compete on their own with oil, gas and coal."
Iran Needs $40 Billion to Develop Oil Fields, Newspaper Says

## Environment/health ##
More extreme weather in store across U.S.

## Intelligence/security/internet/systemic breakdown ##
AntiSec hackers dump data after hacking police websites
After cyber attack, Canada unveils network changes
Total Recall: Honda Stalls, Chrysler Needs a Cushion, Tainted Turkey, More

## Japan ##
Japan Official Warns of Further Yen Selling to Deter Currency Speculation

## China ##
China to Boost Military Development Under New "Strategic Thinking" Model

## UK ##
Post-riot London looks 'like the Blitz', 42 arrested
Tottenham riots: police let gangs run riot and loot
"Britain's biggest police force is facing criticism after it let looters run riot in north London for almost 12 hours, in some of the worst scenes of street disturbances seen in recent years."
New disturbances in London after night of rioting

## US ##
Strike hits Verizon: 45,000 walk
Scary cash crunch at Poe museum
Muni Market Prepares for Lost AAA Ratings
"The $2.9 trillion municipal bond market is preparing for "hundreds and hundreds" of downgrades after Standard & Poor's lowered the U.S. one level to AA+, the first-ever reduction for the country."
Decade of Stimulus Yields Nothing But Mountain of Debt

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