Daily Digest

Daily Digest 3/26 - Syria Troops To Open Fire On Protesters, Police Attack Jordan Protests, Japanese Shipping Lines Shunned

Saturday, March 26, 2011, 9:45 AM
  • Syrian Troops Open Fire on Protesters in Several Cities
  • Syria Unleashes Force On Protesters Demanding Freedom As Unrest Spreads
  • TUC Protest March: Live
  • Government Backers, Police Attack Jordan Protest
  • We're Not Gonna Protest
  • Italy-Libya: Destined For Divorce?
  • China Is Not a Bubble: It's the Hindenburg
  • Belgian Federal State Can’t Afford More Transfers, Tijd Reports
  • German Minister Hints at Libya Mission Hypocrisy
  • ECB Close To Liquidity Deal For Troubled Banks - Source
  • Global Supply Lines at Risk as Shipping Lines Shun Japan
  • Radiation Spikes In Seawater By Stricken Japan Plant
  • GoogleEarth Based 3D Map Of Real-Time Radioactivity Distribution In Japan; Projected Global Radioactivity Dispersion

Our 'What Should I Do?' guide has steps to cook, see & stay warm in times of power outage

Economy

Syrian Troops Open Fire on Protesters in Several Cities (jdargis)

Protesters wept over the bloodied bodies of slain comrades and massive crowds chanted anti-government slogans, then fled as gunfire erupted, according to footage posted online. Security forces shot to death more than 15 people in at least six cities and villages, including a suburb of the capital, Damascus, witnesses told The Associated Press. Their accounts could not be independently confirmed.

Syria Unleashes Force On Protesters Demanding Freedom As Unrest Spreads (pinecarr)

Reports of many killed as marchers take to streets, plus confrontations in Jordan, Yemen and Bahrain.

TUC Protest March: Live (pinecarr)

Follow our rolling coverage as tens of thousands of teachers, council staff, nurses, students and members of community groups converge on London for a huge demonstration, in the biggest public backlash against the Government's spending cuts since it came to power.

Government Backers, Police Attack Jordan Protest (jdargis)

The clashes, in which 120 were injured, were the most violent in more than two months of protests inspired by the popular uprisings in Tunisia and Egypt. One man reported to have been killed while protesting was later identified as a government supporter who died of a heart attack.

We're Not Gonna Protest (jdargis)

Amid the continuous stream of revolution reports from the Middle East and North Africa, one country is noticeably absent. Unlike its neighbors, the tiny, oil-rich Gulf nation of Qatar has shown no signs of tumult, ranking last in the Economist's "shoe-thrower's index" of Arab unrest. Why has Qatar remained completely peaceful?

China Is Not a Bubble: It's the Hindenburg (guardia)

As far as China is concerned, and apart from the usual articles about inflation, interest rates, and bank reserve increases, clarity about the underlying factors is not easy to achieve. Bloomberg reported recently that “China ordered banks to set aside more cash for the third time this year, judging that inflation remains a bigger threat to the world’s second-largest economy than Japan’s earthquake and nuclear crisis,” and thus far the two words that keep being mentioned by China’s Premier Wen Jiabao are “social instability” — and that is the core of the issue that has the government scrambling on all fronts.

Italy-Libya: destined for divorce? (pinecarr)

Italy is the one European country, which is bound to suffer most from the unfolding conflict in Libya. By alienating Gaddafi’s regime, it loses an important market and faces energy shortages, while inflow of refugees becomes a burden for Rome.

Belgian Federal State Can’t Afford More Transfers, Tijd Reports (Johan V.)

Belgium’s regional governments will have to take over part of the national debt or agree to finance as much as 40 percent of additional spending powers without transfers from federal coffers to keep Belgian government finances from spiraling out of control, the newspaper said. Without transfers to the regions, the federal entity will have to rein in expenditure or raise taxes by 36 percent by 2015, according to De Tijd, which cited calculations from the federal planning bureau.

German Minister Hints at Libya Mission Hypocrisy (Regina F.)

Are countries involved in the international operation in Libya hypocritical? That, it would seem, is the belief of German Development Minister Dirk Niebel, who criticized participants for continuing to draw oil from Libya. The comments show just how wide the gap between Berlin and its NATO allies has become.

ECB Close To Liquidity Deal For Troubled Banks - Source (Johan V.)

A euro zone central banking source told Reuters on Saturday that the plan will initially be "tailor made for Irish banks" and was likely to be announced next week to dovetail with the results of fresh stress tests on the country's lenders.

"This will replace the ELA (Emergency Liquidity Assistance) that is currently being provided by the Irish central bank," the source said speaking on the condition of anonymity.

Global Supply Lines at Risk as Shipping Lines Shun Japan (jdargis)

Big Japanese ports much farther south of Tokyo, like Osaka and Kobe, are still loading and unloading cargo. But the Tokyo Bay ports of Tokyo and Yokohama are normally Japan’s two busiest, representing as much as 40 percent of the nation’s foreign container cargo. If other shipping companies join those already avoiding the Tokyo area, as radiation contamination spreads from Fukushima Daiichi 140 miles north, the delays in getting goods in and out of Japan would only grow worse.

Environment

Radiation Spikes In Seawater By Stricken Japan Plant (pinecarr)

Even as engineers tried to pump puddles of radioactive water from the power plant 240 km (150 miles) north of Tokyo, the nuclear safety agency said tests on Friday showed radioactive iodine had spiked 1,250 times higher than normal in the seawater just offshore the plant.

GoogleEarth Based 3D Map Of Real-Time Radioactivity Distribution In Japan; Projected Global Radioactivity Dispersion (pinecarr)

Confirming that in a time of instantaneous crowdsourced information distribution and analysis, any attempt by a government to institute an information blackout of any nature is doomed to failure, is the following amazing Google Earth-based 3D interactive map of Geiger readings from Japan.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es. 

6 Comments

FireJack's picture
FireJack
Status: Silver Member (Offline)
Joined: Feb 8 2009
Posts: 156
The article on China is

The article on China is interesting. Just like the housing bubble in the US, were left wondering when it is going to implode and what the aftermath is going to be.

 

Are they just going to print gobs of money, wrack up massives debts  and make everything look okay? Can they do that?

mono's picture
mono
Status: Martenson Brigade Member (Offline)
Joined: Nov 13 2008
Posts: 70
The article on china is

The article on china is interesting but , sorry, not very smart. A sentence like:

" In the United States and Europe, citizens understand what happened, and why the housing market came crashing down: Runaway prices, fueled by extremely low rates, and a lack of banking oversight."

...is complete nonsense. The big problem is, "Joe Public" still has´nt got the slightest clue what actually happened.

You have a conversation with someone who is´nt following smart sites like CM or the likes, you´ll be shocked how little people really understand. The media, in the hands of corporate Propaganda moguls, is bloody successful at steering the crowds into oblivion. 

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
anti austerity protests in UK

http://www.guardian.co.uk/society/blog/2011/mar/26/march-for-the-alternative-live-blog-updates

March for the Alternative – as it happened

• Estimated 500,000 march in London against public sector cuts
• Police say protest was overwhelmingly peaceful but over 200 arrests have been made
• Hardliners attack Topshop and occupy Fortnum & Mason

The anti-cuts march in London
The anti-cuts march in London. Photograph: Ian Langsdon/EPA
guardia's picture
guardia
Status: Platinum Member (Offline)
Joined: Jul 26 2009
Posts: 592
Re: The article on China is
FireJack wrote:

The article on China is interesting. Just like the housing bubble in the US, were left wondering when it is going to implode and what the aftermath is going to be.

 

Are they just going to print gobs of money, wrack up massives debts  and make everything look okay? Can they do that?

I have this image of half its population dying from hunger for some reason... Who knows what they are going to is the point I think. It's like contemplating evacuating Tokyo... don't try, it will only hurt your brain and bring nothing good from it

mono wrote:

The article on china is interesting but , sorry, not very smart. A sentence like:

" In the United States and Europe, citizens understand what happened, and why the housing market came crashing down: Runaway prices, fueled by extremely low rates, and a lack of banking oversight."

...is complete nonsense. The big problem is, "Joe Public" still has´nt got the slightest clue what actually happened.

"That is in fact an expected development that has many still in denial," ..

Samuel

Bytesmiths's picture
Bytesmiths
Status: Silver Member (Offline)
Joined: Apr 28 2008
Posts: 201
$147 oil caused housing crash
mono wrote:

The article on china is interesting but , sorry, not very smart. A sentence like:

" In the United States and Europe, citizens understand what happened, and why the housing market came crashing down: Runaway prices, fueled by extremely low rates, and a lack of banking oversight."

...is complete nonsense. The big problem is, "Joe Public" still has´nt got the slightest clue what actually happened.

My theory is still that $147/barrel oil cause the housing crash.

Well, all those other things they say are responsible (poor credit checking, low fractional reserve requirements, etc.) are quite true, but they're symptoms, not causes.

If oil had stayed at ~$30, people would still be making house payments and the housing bubble would still be expanding. But when their commuting bill doubled and quadrupled, they had a difficult choice: 1) stop going to work, 2) stop eating, 3) stop making mortgage payments.

Of those three, the delay between action and consequence was immediate for #1 (no more income), a few weeks for #2 (starvation), but 3-6 months for #3.

In systems modelling, the feedback delays always obfuscate things.

plato1965's picture
plato1965
Status: Platinum Member (Offline)
Joined: Feb 18 2009
Posts: 615
Jeff Rubin agrees ...

 bytesmiths wrote: "My theory is still that $147/barrel oil cause the housing crash."

 Jeff Rubin agrees. .

 

 

 nb  Jeff Rubin and Erik Townsend are speaking at the 9th ASPO conference in Belgium shortly.. 26th -29th April

 http://www.theoildrum.com/node/7508

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