Wednesday, February 23, 2011

Breaking News Wed. Feb. 23, 2011

Sorry I'm running late today, had to run to town.

Middle East Turmoil
Reuters: EXCLUSIVE - Tobruk celebrates, Libya's east abandons Gaddafi
Guardian: UN ambassadors clash over condemnation of Gaddafi
Russia and China show reluctance to join other security council members' plan to put pressure on Libyan leader
FDL: Iraqi Student Killed at Baghdad Protest by Thugs in Ministry of Interior SUVs
TheTelegraph: Libya: Libya: mission to rescue stranded Britons finally gets under way
Britain has sent charter planes to Tripoli to begin rescuing British nationals who have been stranded in Libya following the chaos that has engulfed the country.
SOTT: Crews of 2 Libyan warships mutiny
WSJ: Gadhafi Backers Open Fire in Tripoli
Heavy gunfire broke out in Libya's capital Wednesday as forces loyal to leader Moammar Gadhafi opened fire in the streets a day after the longtime leader vowed to defend his rule and called on supporters to crack down on antigovernment protesters.
PBS: Turmoil Grows in Libya, International Pressure Mounts on Gadhafi
IBTimes: EU threatens sanctions against Libya
NYDailyNews: Lockerbie shocker: Moammar Khadafy ordered bombing, claims ex-Justice Minister Mustafa Abdel-Jalil
BBC: Libya: Who is propping up Gaddafi?

New Zealand Quake News
YahooNews: NZ earthquake death toll at 75 as search continues
Frantic search for survivors as New Zealand earthquake death toll rises to 75
Bloomberg: New Zealand's Earthquake May Become Costliest Insured Disaster Since 2008

Financial News
AmericanDream: Recession Over Or Just Beginning? 21 “Oh Crap!” Statistics About The U.S. Economy
CalculatedRisk: Real House Prices fall to 2000 Levels, Update on NAR Overstating Sales
CalculatedRisk: Case-Shiller: National Home Prices Are Close to the 2009Q1 Trough
MarketWatch666: shame on US!
CharlesHughSmith: Wait for the Retrace?
The global stock markets' big dump yesterday has long-frustrated Bears salivating.
msnbc: Foreclosures, cash deals push up home sales
Existing home sales rose 2.7 percent in January, realtor survey shows
Much of the growth came from foreclosures and all-cash deals.
Reuters: Do you ever worry about ending up old and poor?
For many women, becoming the proverbial “bag lady under the bridge” is one of their worst nightmares. Myself included. I literally sit down with my husband and our financial planner twice a year to re-confirm that we are doing everything we can to make sure we do not outlive our retirement savings!
ZeroHedge: Video Of Burning Greek Policeman As Class Warfare Escalates - Protesters Scream "Don't Obey The Rich—Fight Back"
Protesters chanting "Don't obey the rich—Fight back!" marched to parliament as the city center was heavily policed. A brass band, tractors and cyclists joined the rally."  
The following links are from our ever diligent friend at The Global Glass Onion, rj. 
MotherJones: It's the Inequality, Stupid
NYT: U.S. Sales At Wal-Mart Show Decline
Economist'sView: links for 2011-02-22

Peak Oil and Energy News
Guardian: Oil could exceed $150, analyst warns
Guardian: Oil prices in 'danger zone' for global economy, says IEA's Fatih Birol
Oil prices could hit global economy by forcing up interest rates, IEA economist Fatih Birol warns
ZeroHedge: Nomura Predicts $220 Oil If Just Libya, Algeria Cut Output
Waiting for a Saudi revolution before buying those $200 oil calls? It may be time to reevaluate: according to Nomura a halt in just Libyan and Algerian oil production (far more likely than the crisis spilling over to Saudi) would send oil to over $220/bbl.
USAToday: Oil at 2-year high raises concern about economy
Crude oil prices rose to fresh two-year highs around $96 a barrel Wednesday, fanning concern about the impact of rising energy prices on the fragile global economic recovery.
OilPrice: Floating Crude and Shipping Rates Could Trigger $4 Gas 
TheOilDrum: North African gas supplies to the European gas market
With civil and bloody unrest spreading across North Africa and The Middle East, it is once again appropriate to look at the dependency of Europe upon imports of gas from North Africa. With the North Sea in decline and Norway struggling to meet supply forecasts, Europe is becoming increasingly reliant upon gas imported from Russia, Africa and The Middle East. Below the fold is a post originally run in December 2007 called 'The European Gas Market'. It is a little out of date but still serves to illustrate the main suppliers and importers of natural gas from North Africa.

Environmental News
ScientificAmerican: Why Are Americans So Ill-Informed on the Topic of Climate Change?
Scientists and journalists debate why Americans still resist the consensus among research organizations that humans are warming the globe
It's a given that an organized and well-funded campaign has led efforts to confuse the public regarding the consensus around anthropogenic climate change.
Food and Water
CBSMoneyWatch: Food Companies: We’re Going to Start Raising Prices

War Conflict And Terrorism
Guardian: US gives fresh details of CIA agent who killed two men in Pakistan shootout
US reveals that CIA agent Raymond Davis worked for private security firm Xe, formerly known as Blackwater
WiredDangerRoom: Pentagon Looks To Africa for Next Bio Threat
No, it’s not a deleted scene from Outbreak. The Pentagon’s anti-weapons of mass destruction team is looking at the insecure storage of pathogens at clinics in Africa as the next flashing red light for a potential biological outbreak.

Police State, Big Brother and SurveillanceNewScientist: Army wants rapid-fire rubber bullets for crowd control 
MotherJones: Indiana Official: "Use Live Ammunition" Against Wisconsin Protesters
A conservative deputy AG let his emotions get out of hand. It wasn't the first time.
Cryptogon: Seattle-Area Restaurant Refuses to Serve TSA Agents

Medical and Health
RawStory: Drugmakers shielded from lawsuits: US Supreme Court
Wired: Inside the Business of Selling Human Body Parts
Bloomberg: Drug czar calls for crackdown on pill mills
LOUISVILLE, Ky. (AP) — The White House drug czar on Tuesday pointed to Florida as a source for deadly prescription pill abuses ravaging Kentucky, and urged its governor to rethink repealing a prescription-monitoring program.

Other News
BlackListedNews: Pennsylvania Judge Convicted in Alleged ‘Kids for Cash’ Scheme
Rachel Maddow on the situation in Wisconsin

TheTelegraph: Indian man with 39 wives, 94 children and 33 grandchildren
A 66-year-old man in India's remote northeast has 39 wives, 94 children and 33 grandchildren, all living under one roof.
RawStory: Fox reverses poll results to portray public as anti-union
DailyKos: Americans for Prosperity (aka Koch brothers) coming to Wisconsin
CBSNews: Koch-backed group, Tea Party mobilize in Wisconsin
and thanks to LC for the following link
Plunderbund: Governor’s Office lies to callers about Statehouse lockout?
Guardian: Japan unearths site linked to human experiments
Former Tokyo medical school site is linked to Unit 731, branch of imperial army which used prisoners in germ warfare programme

News From the Forums
TinfoilPalace: WI Governor Pranked by fake call from David Koch!
Wisconsin Governor Scott Walker answers his master’s call
TinfoilPalace: Rumsfeld Needs to be in Jail. Today.
TheOilAge: Pull the trigger Bernanke
TheOilAge: Supreme Court rules vaccine makers cannot be sued
Hubberts-Arms: An Open Letter to Public Employees and Their Unions
Clever, satiric and thought-provoking. 
Hubberts-Arms: Emeline's Dream
SilentCountry: "Our World" re: the end of...
SilentCountry: Merrily Carrying On BAU (business as usual)

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