Posts
Global Ponzi meltdown/House of Cards
"The
global financial crisis has barely started and is likely to last
for at least another 15 to 20 years as major economies cut
debt levels, according to Jamil Baz, one of Europe's most
prominent hedge fund managers."
Fault lines/flashpoints/powder kegs/military/war drums
"New
Zealand and the United States have signed an agreement to
bolster defense co-operation in the Asia-Pacific region."
Global unrest/mob rule/angry people/torches and pitchforks
"Coal
miners in northern Spain have fired homemade rockets and hurled rocks
at police as weeks of protests escalated into violence."
Energy/resources
"Higher-than-expected
use of air conditioning amid unseasonable heat is putting
pressure on scarce electricity. This summer, blackouts will be
a real possibility in South Korea."
Got food?
"Soybean
continues to stay higher for third straight day of the week in
both global as well as in Indian market on the back of thin
supplies in the domestic markets in India and hot and
dry weather conditions in US."
Environment/health
Japan
"Japan's
parliament approved government guarantees on insurance for crude
oil cargoes from Iran on Wednesday, paving the way for it to become
the first of Iran's big Asian oil buyers to get round new
European Union sanctions."
"Foreign
investors owned a record 8.3 percent of Japanese government
bonds (JGBs) at the end of fiscal 2011, the Bank of Japan
said June 19, creating jitters surrounding the nation's
debt problem."
China
"China's
State Council renewed a government pledge to restructure the industry
that produces rare-earth minerals, but it gave no sign it will lift
export quotas that are the subject of a challenge by the U.S.
and other big economies."
"In
the northeastern Chinese city of Heihe, buildings along the Amur
River are brightly illuminated at night, while lights are
dim in Russia’s Blagoveshchensk on the opposite bank.
"Heihe,
a city of about 200,000 in Heilongjiang province, depends entirely on
Russia for its electricity supply."
UK
"NHS
hospitals are using end-of-life care to help elderly patients to die
because they are difficult to look after and take up valuable
beds, a top doctor has warned."
"The
Cabinet Secretary, Sir Jeremy Heywood, has said spending cuts
could continue until 2020, according to sources at a well-known
think-tank."
US
"The
central bank expanded its 'Operation Twist' by $267 billion, meaning
it will sell that amount of short-term securities to buy
longer-term ones to keep long-term borrowing costs down. The program,
which was due to expire this month, will now run through the end of
the year."
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