Sunday, December 11, 2011


News Links, December 12, 2011

## Global economic meltdown ##
Poland Needs to Spend 30% of Total Budget on IMF Bailouts to EU as Result of Merkozy Summit
Arab States May Suffer Foreign-Investment Slump
"Arab states have suffered a slump in foreign direct investment of as much as 24 percent this year as political unrest sweeps the region, according to the group that insures such funding against non-commercial risks."
JPMorgan: Euro Breakup Speculation Will Intensify In Just A Few Months
U.S. Worried IMF Loans To Europe Could Lead To Losses
IMF Says Worsening Crisis May Force Hong Kong to Back Banks
Monti Drives Stake in Euro's Heart — Sends Italy Down Greece-Paved Road!
US' China dreams may now be a chimera
The Denials Begin: Interactive Brokers Is First To Claim It Has Not Engaged In Commingling Rehypothecation
Arab unrest takes $7bn toll as tourists flee to Europe
Debt woes come back to haunt Dubai
"More than two years after one of its showcase companies announced a "standstill" on its loan repayments, signaling the end of a real estate-fueled boom, a mountain of debt continues to cast a long shadow over Dubai's economy."
Dubai may use sovereign fund to repay debt

## Fault lines/flashpoints/military ##
Armed groups clash in turf war near Tripoli airport
Iran says EU "definitely" will not impose oil sanctions
Bodies lie uncollected as Homs becomes war zone
Syria behind attack on French troops in Lebanon: Juppe
"France's Foreign Minister Alain Juppe said on Sunday Paris believed Syria was behind attacks on its troops in Lebanon earlier this week."
Inside Syria: the rebel call for arms and ammunition
Assad regime hold on Syria more tenuous as thousands take part in general strike
"The Syrian government's increasingly tenuous hold on power weakened further as rebels struck military targets across the country and thousands of businesses shut down in response to an opposition-called general strike."
Pakistan: US Military Vacates Pakistani Air Base by Deadline
Chinese businessmen exempted from visa fee (Pakistan)
China's Pakistan Conundrum (Foreign Affairs)
Pakistan's airspace may be closed for US: Gilani
"Pakistan may continue blocking NATO supply convoys into Afghanistan for several weeks and would not rule out closing its airspace to the US, Prime Minister Yousuf Raza Gilani said on Sunday."
U.S. Commander Backs Afghan Militia Program
Huge numbers of Iraqis still adrift within the country
Nato training mission in Iraq on verge of collapse
"Nato's training mission in Iraq was on the point of collapse on Sunday after the alliance failed to win assurances from Baghdad that its forces would be immune from prosecution."
German Arms Exporters Book Record Sales
Marines train for big at-sea takedowns
Cargo theft showing 'alarming' rise in Argentina

## Global unrest/mob rule/angry people ##
Opposition grows to Occupy's port shutdown plan
Cops raid Occupy San Francisco at Federal Reserve
Police use tear gas to disperse Riots, Roads blocked in qatraneh (Jordan)
Anti-gas loadshedding protest: big processions taken out in Faisalabad (Pakistan)
"Processionists blocked traffic on various roads for several hours and burnt tyres in the middle of roads."
India anti-corruption activist Hazare holds short fast

## Energy/resources ##
Has the world reached economic peak oil? (David Strahan; a good read)
Asian refiners have little thirst for more Saudi oil
"The Saudi output figure, the highest for the kingdom in decades, was greeted with some scepticism by analysts."
EU Economic Woes May Harm Global Oil Demand, Khatibi Tells Shana

## Got food? ##
UN warns of food shortage in Kenya
Funds shortage paralyses food security ministry (Pakistan)
Ukraine: losses of winter grain crop failure may reach 2 bln UAH – Ministry of Agrarian Policy
Insects Find Crack In Biotech Corn's Armor
"In fact, the gene's apparent failure, as reported in the journal PLoS One, may be the most serious threat to a genetically modified crop in the U.S. since farmers first started growing them 15 years ago. The economic impact could be 'huge,' says the University of Arizona's Bruce Tabashnik, one of the country's top experts on the adaptation of insects to genetically engineered crops. Billions of dollars are at stake."

## Environment/health ##
Fracking: Pollution finding could hurt gas drilling
'Modest' gains as UN climate deal struck
S. Korea, Russia to survey radiation in seawater

## Intelligence/security/internet/systemic breakdown ##
Joe Biden Drafted the Core of the Patriot Act in 1995 … Before the Oklahoma City Bombing

## Japan ##
Radioactive water leaks at Japan's Kyushu nuclear plant
Chinese tourists drive Japan's winter resort recovery
Dependence on Chinese tourists is a bad sign. -- RF
TEPCO to depend on foreign companies for Fukushima plant insurance
"Tokyo Electric Power Co. plans to seek insurance from foreign companies for its Fukushima Daiichi nuclear plant as Japanese insurers have refused to renew coverage expiring in January, industry sources said Friday."
Nobel laureate, citizens urge abolition of nuclear reactors
Firms facing labor shortages at Vietnam plants
"Japanese companies that built plants in Vietnam to capitalize on its lowly paid workforce are finding the country is no longer such a cheap and abundant source of labor.
"Wages have risen steeply in Vietnam in line with the country's rapid economic development, while fierce competition for skilled workers has increased worker turnover rates at plants built by Japanese firms."
Full radiation cleanup won't begin until at least late March

## China ##
Top China official urges more 'forceful' web controls
"A top Chinese government official has urged authorities to be "more forceful" in the way they manage the web, state media said, as Beijing tries to tighten online controls over fears of social unrest."
Yuan Offshore Markets May Curb China's Control of Asset Bubbles, BIS Says
Chinese natural gas imports up by 86pct

## UK ##
U.K. Coalition Breakup Would Cause Disaster
"U.K. Deputy Prime Minister Nick Clegg said a breakup of the coalition government would spell "economic disaster" for Britain while saying he was "bitterly disappointed" by last week's European Union summit."

## US ##
Northeast states cut heating aid to poor
Minnesota's home-heating assistance fund running out
How many Americans will freeze to death this winter? -- RF
Long-term jobless eye bleak future as benefits end
Police employ Predator drone spy planes on home front
Warnings bode ill for earnings
"On top of euro-zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely."
U.S. proposes unmanned border crossing with Mexico
Pentagon Spending Crunch Threatens Major Programs
U.S. drivers spend record amount on gasoline in 2011

<< Home

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