Here's your noon noos:
FT beyond brics - the West's double standards toward Ukraine. An important point that Gwynne Dyer also made last week: the "Russian speaking east" are ethnically Ukrainian, they just speak the Russian language. So don't expect Lugansk to go the way of Crimea, whose population is actually ethnically Russian.
FT beyond brics - Indian gold industry went on strike. Given Modi's association with the jewelry industry, this sentence might be key:
According to Mehta, only 6 tonnes of gold were imported to India in the last four months, a tiny fraction of the 1,000 tonnes the industry needs every year. Jewellers have seen business drop 90 per cent in the past year. And the effects will spread to India’s blighted banking sector at the end of this financial year, as jewellers and dealers will struggle to repay billions of rupees in loans.Too bad there's going to be a drought this year, eh?
Mining.com - iron ore price stabilizes. Quote:
The stockpiled iron ore is not being put to industrial use, but because of tight credit conditions inside China the ore is being used as collateral to secure loans. About 40% of the more than 100m tonnes of iron ore at China’s ports are part of finance deals, Mysteel Research estimates. Banks are now calling in these loans, leading to the collapse of steel traders and rumours of the imminent demise of a number of large mills.No, Otto! Nothing to see here at all! Move along!
Chief executive of iron ore at world number two iron ore producer Rio Tinto, Andrew Harding told the conference this credit squeeze is the main reason behind the recent drop in the price[.]
Gawker - Dictator-for-life Obama forces HBO at gunpoint to provide him with advance copy of season 4 of Game of Thrones. Seriously! America is crippled by hyperinflation, mass unemployment and the collapse of the dollar, and what does Balrog HUSSEIN Taxbongo do? Curl up in front of the TV with his cheesies and his homosexual craft beer and watch a confiscated season 4 DVD before the rest of America! Wake up sheeple!
Daily Telegraph - Game of Thrones star comes out as Hodor. So apparently Hodor is gay. That's as good an excuse as any for a Hodor meme: