Sunday, December 25, 2011

 

News Links, December 26, 2011

## Global economic meltdown ##
IMF May Revise Global Growth Forecast Lower
Japan to enter dollar swap agreement with India
"The Japanese government is considering a dollar swap arrangement with India to provide emergency liquidity in case the European debt crisis reaches emerging economies, the Nikkei business newspaper said on Sunday."
A Note Of Pessimissim From The Car Industry
Auto Outlook: Saab drives into the sunset
Pakistan's economy is faltering: Report
Side jobs, black markets flourish in North Korea
"Experts say as much as 75 percent of the North Korean population does not depend on the state-owned economy at all."

## Fault lines/flashpoints/military ##
Iraq miscalculation: America's greatest mistake? (RT video)
Assad's Regime Hunts People in Homs
Head of Arab mission reaches Syria amid more unrest
New sign of rising power for new North Korean leader's uncle
"North Korean state TV footage on Sunday showed Jang Song-thaek, the power behind the communist state's throne, wearing a military uniform with the insignia of a general, another sign of his rising influence after the death of Kim Jong-il."
Massive Khan rally defies Pakistan ruling party
"Pakistan's former cricketer-turned-politician Imran Khan brought at least 100,000 people into the streets of Karachi Sunday in a massive rally that increases pressure on the civilian government and cements his standing as a political force."
Shiite Cleric, al-Sadr, calls for trial of Iraq's Vice-President Hashimy under Parliament's auspices
Al-Sadr proposes Iraq groups 'peace code'
"Iraq's anti-US Shi'ite cleric has launched an initiative calling for peaceful coexistence among all Iraqis after the withdrawal of US troops from the country."
Ankara rules out part in looming foreign intervention in Iran
Iran Declares It Is Ready To Expand Military Ties With Iraq
Iran adds second destroyer to navy
Coordinated bomb attacks across Nigeria kill at least 40
Shroud of Mystery Surrounds Missile Shipment

## Global unrest/mob rule/angry people ##
Sudan Police Fire Tear Gas, Arrest 73 Students at Anti-Government Protests

## Energy/resources ##
Under the Surface of Non-OPEC Supply
Another eye-opener from Gregor Macdonald. -- RF
In Pennsylvania near the mines, coal is hard to get
"Increased foreign exports and the renewed popularity of the low-cost alternative to fuel oil have strained supplies so homeowners struggle to find anthracite for their stoves and furnaces."
Iphone Maker Foxconn's Entry Into Solar May Cut Industry Margins
Saudi Aramco's Fuel Halt Will Affect New Cement Supply, NCB Says
"Saudi Arabian Oil Co.'s decision to halt subsidized fuel for expansion of Saudi cement makers will affect supplies next year, according to the investment arm of the country's largest lender by assets."
Energy deficit may rise up to 15% as weak rupee hurts coal imports (India)
Oil interests push China into Sudanese mire
Indian oil firms look at sourcing crude from Brazil
No coal, no growth, says South African power company chief
Hopping mad: Uganda power cuts hit grasshopper harvest

## Got food? ##
Farmland prices are soaring, fueled by rising global demand for commodities

## Environment/health ##
Winds of up to 101mph recorded in the Northern Isles (UK)
Tsunami debris from Japan expected in Alaska

## Intelligence/security/internet/systemic breakdown ##
Go Daddy loses over 37,000 domains due to SOPA stance
"Hosting and domain registrar company Go Daddy has lost more than 37,000 domains in the past two days due to the company's wishy-washy stance on the Stop Online Piracy Act."
Stratfor Hacked, 200GB Of Emails, Credit Cards Stolen, Client List Released, Includes MF Global, Rockefeller Foundation
Transport ministry mulling random body search of airport passengers (Japan)

## Japan ##
Japan, China Deepen Financial Ties
"The agreements include a plan for a Japanese government-backed entity to sell yuan-denominated bonds in China, a boost to Beijing's campaign to deepen its domestic capital markets. Other measures are designed to make it easier for companies to convert the Chinese and Japanese currencies directly into the other, without requiring an intermediate conversion into dollars, the current common practice."
Japan, China To Hold Each Other's Govt Bonds
Guess I'd better start brushing up my Chinese. -- RF
Japan bets on casinos to fund earthquake recovery
Japan's Government to Sell Record 149.7 Trillion Yen Debt in Fiscal 2012
Economy set to shrink on yen, euro ills
Plan in works for possible N. Korea refugee exodus
"Japan is studying measures to respond to a potential refugee surge if North Korea undergoes a cataclysmic change as a result of dictator Kim Jong Il's death last week, sources said."
Manufacturing hollowing-out seen increasing
Carmakers getting parts from overseas / Strong yen forces domestic manufacturers to cut production costs

## China ##
Where the mornings taste grey: living under a cloud of smog in Beijing
Don't Worry About China: World Bank Chief Economist (Gordon Chang)
"There are not enough consumers in the world to support Chinese growth."
Sinopec Completes C$2.2 billion Purchase of Calgary-Based Daylight Energy

## UK ##
Decline in houses prices revealed

## US ##
Oh Danny Boy, the Pipes, the Pipes Are Failing (on crumbling US infrastructure)
Bankruptcy Filing Raises Doubts About a Bond Repayment Pledge (NYT)
"People who own what is considered the safest type of municipal bond may be in for a surprise."
Everyone is laughing at Meredith Whitney now. But in the end, even Whitney will be surprised at how astonishingly right she is. -- RF
Ripple Effects of Center Closings Will Continue for Many Years
"Expect more of those who are uninsured to be turned away from community centers, more desperate souls seeking shelter with their families, more children whose conditions go undiagnosed, more patients than John H. Stroger Jr. Hospital can deal with, more disturbed offenders shuttled off to Cook County Jail and more homeless people."
Mentally ill flood ER as states cut services
Will 2012 Be The Next "1932″ for the Wealthy?
BofA Prepared for 'Turbulent Times'
How the feds fueled the militarization of police
Need a job? How about Internment / Resettlement Specialist?



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