Drought worsens crop damage: World Food Concerns
(Reuters) – Corn and soybeans in the U.S. Midwest baked in an unrelenting heat wave on Monday with fears rising of big crop losses that will boost food and fuel prices and cut exports...
Category: Currency
Dollar pressured on rising speculation of U.S. easing
(Reuters) – The dollar fell to a one-month low against the yen on Monday after poor June U.S. retail sales data bolstered speculation the Federal Reserve may launch another round of quantitative easing to...
Budget cuts force Oregon jail to give prisoners get-out-of-jail-free cards
A $100 million budget deficit in Oregon’s Lane County has prompted the sheriff to release nearly 100 detainees and inmates from his jail, including several accused of killing people. Ninety-two prisoners were freed over...
Extreme Weather and the Economy
(multimedia) Paul Walsh, The Weather Channel VP of Weather Analytics, looks at the first half of 2012, and how this hot, dry summer will affect the US economy in the coming months. Found on...
Democrats Threaten Taxmageddon Unless Rich Pay More
A year ago, President Barack Obama called Republicans “hostage takers” for staying true to their mandate and refusing to agree to tax hikes as part of the debt ceiling deal. Now, the Washington Post reports that Democrats are...
In Pakistan’s largest city, ‘Old Glory’ is flammable and profitable
KARACHI, Pakistan – They call it Pakistan’s melting pot. Karachi, estimated to be home to over 18 million people, is the Islamic Republic’s largest and perhaps most cosmopolitan city. Skyscrapers stand next to paramilitary barracks...
Treasuries Doomsday Is Four Years Away For Vanguard
Vanguard Group Inc., whose $148.2 billion of Treasuries makes it the largest private owner ofU.S. debt, says the nation has until 2016 to contain its borrowings before bond investors revolt and drive up interest rates....
Unions Aim to Seal ‘Rights’ Into Michigan Constitution
On the heels of the epic clash over collective bargaining in Wisconsin, labor groups in neighboring Michigan are launching an aggressive bid to erect a force-field around union benefits by enshrining their bargaining “rights”...
Gulf sabers rattle as Iran sanctions bite
(Reuters) – Iran and the United States might be talking up their readiness for war in the Gulf but beneath the rhetoric, all sides appear keen to avoid conflict and prevent accidental escalation – at least...
Official count confirms Pena Nieto win in Mexico
(AP) MEXICO CITY – The official count of Mexico’s presidential election confirmed the victory of Enrique Pena Nieto, the candidate seeking to return the former autocratic ruling party to power after a 12-year hiatus,...
