Nein! Schaeuble says "no" to throwing money at euro crisis
"Falling oil prices means Russia will have a fiscal account deficit this year, and one greater than president Vladimir Putin predicted earlier in the month."
"After flocking to the safety of German government debt since the onset of the European debt crisis, some of the biggest names in the bond market have started cutting back. Among their concerns: whether Germany can continue to provide shelter should the European crisis deepen."
## Fault lines/flashpoints/powder kegs/military/war drums ##
"Bases left in WWII or after the Vietnam War are now being refurbished and put to use in a broader anti-China surge in the region"
Turkey says jet downed outside Syrian airspace
"U.S. military and intelligence officials are so frustrated with Pakistan's failure to stop local militant groups from attacking Americans in neighboring Afghanistan that they have considered launching secret joint U.S.-Afghan commando raids into Pakistan to hunt them down, officials told The Associated Press."
"Cleric Moqtada al-Sadr, head of a powerful Shi'ite movement in Iraq, on Sunday called for more political reforms and said he would back a no-confidence vote against the prime minister if these were not made."
Bolivia deploys army to patrol streets as police strike
"Rebel Bolivian police clashed with officers trying to return to work on Sunday despite a deal aimed at ending a three-day uprising over pay that has severely reduced policing across the Andean country."
"Police have fired warning shots to subdue angry voters amid a chaotic start to Papua New Guinea's sprawling, two-week general election."
"Countries from India and Indonesia to Russia are tightening their grip on natural resources as they limit exports to build up domestic industry in a trend that will spawn many challenges to World Trade Organization rules."
"Chennai is facing a severe diesel shortage with most of the nearly 300 pumps in the city going dry on Friday."
## Got food? ##
## Intelligence/security/internet ##
Bill C-11 passes Commons, allowing for U.S.-style copyright law (Canada)
## Systemic breakdown ##
Treasury rescues Israel Railways from collapse with NIS 60 million emergency infusion
"The Finance Ministry's financial aid enabled Israel Railways to continue to operate and meet its payroll. The ministry is expected to provide another NIS 100 million next month as well. In total the railroad needs about NIS 200 million by the end of the year."
"Some 1,200 NatWest, RBS and Ulster Bank branches have opened on a Sunday for the first time, after a computer glitch affected millions of customers."
"RBS is warning its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week."
## Japan ##
To conserve power, TV broadcasters should shut down
"Japan’s defense industrial base, facing years of declining spending and export restrictions, faces a “crisis” and must urgently restructure in conjunction with Defense Ministry leadership, according to results of a six-month study.
"The report, “Towards Formulation of a Strategy for Survival,” released by the MoD’s Defense Production and Technology Base Research Committee, notes that damage done by a half-century ban on weapon exports combined with decreased annual defense spending have left Japan’s defense industry in a parlous state."
## China ##
More China Retail Woes: Hypermarket Chain C.P. Lotus Warns Of 1st-Half Loss
Can China's skyscraper boom last?
## UK ##
Community-run shops on the rise
"Increasing numbers of villages are setting up community-run shops to replace closed commercial stores."
NHS drugs: Prioritise patients over exports, says MP Huw Irranca-Davies
"Patients struggle to obtain drugs for common life-threatening conditions in 80% of NHS trusts, an MP has claimed."
Robin Westenra - Afternoon Edition
Breaking News
US fires spark more evacuations
A fast-growing wildfire has forced thousands of residents from homes in Colorado Springs, Colorado, and nearby communities as firefighters struggled to contain out-of-control and wind-stoked blazes in several western US states
Armed groups target pipeline in E Syria
Armed groups have targeted an oil pipeline in the eastern Syria city of Dayr al-Zawr, but there is no immediate report of casualties.
Global economy
US teeters on edge of fiscal cliff
The United States is headed for what economists are calling a "fiscal cliff" at the end of this year, when huge government spending cuts are due to kick in at the same time as a big jump in tax rates.
Critical week ahead for debt crisis
After almost two years of emergency summits yielding stop-gap measures that have eroded its credibility, the European Union plunges into a crucial week for its debt crisis.
EU & US Go Head To Head In Game Of Three-Card Monte
“The global economy continues to falter and the pace of that slowdown is picking up. Recent data showed that German consumer confidence dropped the most since 1998, as Italian confidence dropped to an all-time record low. The level of Spain’s non-performing loans reached the highest since 1994.”
Argentine nervous savers withdrew 522 million dollars in the last week
The outflow of foreign-currency deposits from Argentina's banking system showed no sign of slowing last week, as nervous savers withdrew 522 million dollars from bank accounts.
Military/intelligence
Turkey invokes NATO pact after Syria downs plane
BEIRUT: Turkey has called a meeting of NATO member states after one of its warplanes was shot down by
NATO to meet over downed Turkish fighter
NATO is to hold an emergency meeting after Turkey yesterday accused Syria of downing one of its fighter jets in international airspace, raising fears that tensions could soar in the tinderbox region.
Australia announces new Syria sanctions
AUSTRALIA today announced fresh sanctions against Syria restricting or prohibiting trade in oil and financial services to ramp up pressure on President Bashar al-Assad's regime to end bloodshed.
Russian arms ship to resume journey to Syria
Interfax reports that a ship carrying Russian helicopters to Syria, which turned back after its insurance was cut, is expected to resume its journey accompanied by at least one other vessel.
US Army to smite enemies with lightning bolts?
In the era of remote-controlled drones, invisible planes and microwave guns, no military innovation should come as a surprise. But among the array
Putin to Discuss Syria, Iran during Middle East Tour
Venezuela Recalls its Envoy to Paraguay
Venezuela has recalled its ambassador to Paraguay and suspended oil export to protest the impeachment of Paraguay’s President Fernando Lugo, Venezuelan President Hugo Chavez.
Grenade attack hits Kenya's Mombasa
Fatal incident in bar in Indian Ocean city comes a day after US embassy issued "imminent attack" warning
Environmental/disasters
Large quake hits southwest China
An earthquake has hit a mountainous area of southwest China, killing at least four people and injuring more than 100, state media reported
Hybrid Grass Produces Cyanide Gas, Kills Herd of Cattle
6.1 magnitude earthquake strikes sea-floor off the coast of Kamchatka
Duluth ‘mega flood’ sets new records
In every disaster there's usually one photo that captures the essence of the event. The photo of the scared looking seal swept away from the Lake Superior Zoo by floodwaters does the trick for me on this one. I'm tempted to call this "The Great Duluth Seal Flood of 2012."
Civil unrest/revolution
Thai ‘Red Shirts’ back for ‘unfinished fight’
Thousands of Thai “Red Shirts” rally in Bangkok to demand the judiciary to stay out of the country’s politics, saying they have returned to attend to unfinished business.
Sudan sees rise in anti-government protests
Following days of unrest sparked by rising food prices, protests demanding regime change have widened over the week.
Energy/resources
Tech Talk - Saudi Arabia and Production from Safaniya
Europe
NatWest customers fear running out of food and electricity
NatWest's online forum becomes a diary of disillusionment as those unable to go to the bank's branches run out of money
Greece seeks to delay medicine
The newly elected Greek coalition government will seek a two-year ''bailout holiday'' from some of the harshest elements of the European Union and International Monetary Fund package.
Greek talks postponed by health problems
Crucial discussions about Greece's indebtness have been postponed, because of health problems affecting both the prime minister and the finance minister.
Goldman Sachs chairman would consider Bank of England role
Goldman Sachs Asset Management chairman Jim O’Neill says he would consider the Bank of England governor’s role if approached.
Lehman audit investigator takes no action against Ernst & Young
Accountant will not be penalized for role in auditing European banking arm of Lehman Brothers, after 18-month investigation
UK fears Argentinean athletes’ Olympics protest
The British government has expressed concerns that Argentina may use the 2012 Olympic Games in London as a platform to protest against the UK’s occupation of the Malvinas (Falklands).
Rate, violence of hate attacks rises (Greece)
China
Chinese data mask depth of slowdown, executives say – Millions of tons of coal piling up in ports
As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles.
Japan
Nukes away: Thousands protest Japan’s return to atomic energy (PHOTOS, VIDEO)
45,000 people protest against Ooi nuclear plant restart in front of PM official residence in Tokyo
2.8 magnitude earthquake reported under Japan’s Mt. Fuji volcano
Egypt
Egyptians welcome first freely-elected president
The Muslim Brotherhood's Mohamed Mursi has won the bitterly contested race for Egypt's first democratically-elected president, prompting scenes of jubilation amongst the thousands gathered in Cairo's Tahrir Square to hear the long-awaited election results
Egypt salutes president: Tahrir goes mad as Morsi addresses the nation
Egyptian president-elect Mohamed Morsi, the first Islamist head of state in the Arab world's most populous nation, has delivered an encouraging speech stating that under his rule Christians and Muslims will unite and make Egypt proud and great again.
Celebration in Egypt as Morsi declared winner
Muslim Brotherhood candidate, now president-elect, vows in victory speech to "restore rights" to Egyptian people.
USA
Tropical Storm Debby hits Gulf coast
Tropical Storm Debby has meandered on an uncertain track toward the Florida coast, bringing strong winds and waves that forced the closure of about a quarter of offshore oil and gas production in the Gulf of Mexico.
1 killed in Florida by tornado spurred by Tropical Storm Debby
The outer bands of Tropical Storm Debby lashed Florida on Sunday, spawning two apparent tornadoes in the central part of the state that killed one woman, a county spokeswoman said.
Denver poised for more record heat Saturday as record wildfire surpasses 100-square-mile mark
Denver's record-breaking heat Friday sets the stage for a potentially hotter day today, warns the National Weather Service
The Loophoole That Placed MF Global Customers At Risk Was Still Being Used
If nothing else, the collapse of MF Global has made one thing clear: The notion that customer assets were safe was a sham.
Why Congress Won’t Touch Jamie Dimon: JPM Derivatives Prop Up US Debt
When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”
JPMorgan & Other Financials Still Receiving Billions Annually From U.S. Taxpayer: TARP Institutionalized, When Dimon Should Be Institutionalized
Is JPMorgan worried about its potential $18 billion dollar loss? Perhaps not, when it could be offset by $14 billion in United States taxpayer subsidies – that’s 77 percent of its total net income in the last four quarters!
Australia/NZ
Assange wants Gillard to guarantee his safety
JULIAN ASSANGE hopes his bid for political asylum at the Ecuadorean embassy in London will elicit diplomatic guarantees that he will not be prosecuted by the US on espionage and conspiracy charges.
Big four still top profit spinners
AUSTRALIA'S big banks have been ranked the most profitable in the developed world for the second year running by the influential Bank for International Settlements.
Dampened market keeps sliding after boom times
MELBOURNE'S property market hits the half-way point next weekend in a dampened and dismal state and coming school holidays are not likely to give it a boost.
Global turmoil hits mergers and acquisitions
ECONOMIC uncertainty and tough domestic conditions are expected to keep a lid on takeover activity among Australian corporates as deal-making sputters to a three-year low.
NZ's Afghan veterans tested for radioactivity
Soldiers returning from Afghanistan are having urine tests to check if they have absorbed radioactivity from American depleted uranium munitions.
Media/internet
Assange seeks US legal guarantee
Devil deliver me: Vatican hires Fox News journo for image makeover
The Vatican has turned to a Fox News reporter for help to improve its relations with the media amid communications blunders and a leaks scandal. The Holy See hired the Channel’s Rome correspondent for the position of senior communications adviser
Jenna Orkin - Morning Edition
Headlines
Hybrid Grass Produces Cyanide Gas, Kills Herd of Cattle
U.S. Plans Significant Military Presence in Kuwait
Ottawa Airport Wired with Microphones to Record Travelers’ Conversations
Chinese Buy London Metal Exchange in £1.4bn Takeover
Military Rolls Tanks Onto St. Louis Streets...But Why?
Economy
IMF Official Sees Larger Agreement for Euro Crisis
Does Dodd-Frank Legislation End Too Big to Fail?
The Scam Wall Street Learned From the Mafia
Four people in 169 sq.ft.
Eurozone nations are stuck in a 'doom loop’
Trade agreements signed between China and Brazil
Three Key Reasons Housing Not Coming Back: Demographics, Student Debt, No Jobs
Forget the PIIGS, the EU as a Whole is Insolvent
MAULDIN: The Fed Is Destroying Retirees And Pension Funds
Chinese Economic Data Is Looking Horrible, And The Government Is Lying About It
Actually It Is Generation X That Suffered Most From The Recession
Past tense? - JO
Energy/Resources
Secret Organic Gardens for China’s Elite
China: Regime Admits 10% of Farmland Polluted with Heavy Metals
MIT: Textured Surface Could Reduce Thickness of Silicon Used in Solar Cells by More Than 90 Percent
France Bans Syngenta Pesticide Linked to Bee Decline
Norway Oil Workers Shut Platforms as Mediation Talks Fail
Military/Intelligence
Turkey vows action against Syria
Proposed HTTP Status Code for Censored Websites: 451
IDair’s New Fingerprint Reader Captures Prints from 6 Meters Away
G4S Chief Predicts Mass Police Privatisation
Active CIA Employees Developed Alien Language for Disney Children’s Film
Saudi, Japan Deals Drive Record U.S. Arms Sales
Could U.S. Cyberspies Have Moles Inside Microsoft?
U.S. Outsources Its Africa Spying
Kenyan port is at imminent threat status
Suddenly, all the terrorists are Iranian. What happened to Al Qaeda? Oh that's right; they're on our side now. - JO
Civil Unrest/Politics
Jesse Ventura: 'Bribes' Control US Politics
The only "No shit" aspect of this is that it's on CNBC. - JO
How Anonymous Picks Targets, Launches Attacks, and Takes Powerful Organizations Down
In depth story of the evolution of Anonymous. Well worth the read. - JO
