Saturday, September 03, 2011

 

News Links, September 4, 2011

## Global economic meltdown ##
World Bank's Zoellick: "World Economy Is Entering A New Danger Zone"
Stocks Tumble as 10-Year Yield Nears Record Low
"Stocks tumbled, wiping out the weekly gain for the Standard & Poor's 500 Index, while the dollar, Treasuries and gold rose following a report showing American job growth stalled in August. European sovereign-debt risk climbed to a record amid bickering over Greece's bailout."
Game Over? Senior IMF Official - "I Expect A Hard Greek Default This Year"
Trouble in paradise as Switzerland becomes victim of own financial success
Italian town Filettino declares independence
ECB gives Italy stiff warning
Singapore inflation rate expected to remain high: MAS

## Fault lines/flashpoints/military ##
Sudan Violence: U.N. Say Thousands Of People Reported Fleeing Clashes
Iran says makes new military push against Kurds
Gaza flotilla: Turkey to take Israel to UN court
Russia criticizes EU oil embargo against Syria
New Egypt troop presence in Sinai a gamble for Israel
Data Shows Afghan Troops Deserting at Growing Rates
China deploys large fishing patrol to Xisha [Paracel] Islands
Truckers group: Thieves on road (Canada)

## Global unrest/mob rule/angry people ##
Biggest rally in Israel's history presses PM
"Hundreds of thousands marched Saturday for lower living costs in the largest such rally in Israel's history, bolstering a social change movement and mounting pressure on Prime Minister Benjamin Netanyahu to take on economic reform."
S Korea activists protest at Jeju naval base
"Demonstrations have been held on the South Korean island of Jeju to protest at construction of a new naval base."
Far-right protesters ignore UK ban on marches
"Ignoring a government ban on marches in London, hundreds of far-right activists held a protest in the capital on Saturday and some clashed with police."
Deadly clashes in Tunisian town of Sbeitla

## Energy/resources ##
Lahore industry facing the brunt of energy crisis
"OVER 1,200 large scale manufacturing units are shut in Punjab due to gas and electricity shortage which has rendered more than 1.5 million daily wagers unemployed while the allied industry has also been forced to shut down due to the manufacturers closure."
Sixty percent of Gulf of Mexico oil output shut by Lee
Energy woes plunge capital into darkness
"ISLAMABAD - In a bid to reduce the mounting electricity bills the Capital Development Authority (CDA) has adopted an anti-public way of saving money by turning the capital's street lights off every evening."
Ethanol Advances the Most in Two Weeks on More Expensive Corn
Global Offshore Drilling Pace Continues to Gather Steam
Because that's where the action is. -- RF

## Infrastructure scavenging ##
Copper thieves knock out power in Gary

## Got food? ##
India's food inflation a serious concern-adviser
Kenya drought crisis leads to starvation, soaring food prices

## Environment/health ##
Man Dies From Toothache, Couldn't Afford Meds
Disasters in US: An extreme and exhausting year

## Intelligence/security/internet/systemic breakdown ##
PRIVACY IS DEAD: Here Are 5 Places Where You Can Be Identified With Facial Recognition Technology

## Japan ##
Radioactive cesium detected in tea products in Saitama, Chiba
More than 1,000 cattle running wild in Fukushima radiation zone
Flat-TV Sales Down 38% For Aug
3/11 hurt second-quarter business investment
"Corporate capital spending shrank 7.8 percent in the second quarter as the devastating earthquake and tsunami in March sent investment plunging to its first year-on-year drop in four quarters, the government said Friday."
As rare earth prices rise, so do those for air conditioners

## China ##
China's Non-Manufacturing Industries Index Declines Showing Growth Slowing
China's Auto Sales Growth to Slow to 5% in 2011, State Researcher Says
Home sales continue to drop
In China, having children is no longer a given

## UK ##
MSP says households 'struggling' to pay energy bills
Pension pots for top company bosses soar to record levels
Street lights on M65 motorway switched off overnight

## US ##
Regulator sues major banks over subprime bonds
"A regulator sued 17 large banks and financial institutions on Friday over losses on about $200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis."
Lee stalls off La. coast, brings torrential rain
US Authorities Investigate Incursion By Mexican Federal Police
Long-term unemployment remains high
Bad loans drag two Atlanta banks under
Shrinking Labor Force May Curb U.S. Expansion for Two Decades
Online Pawn Shop Tries to Polish Up an Old Lending Idea




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