Archive for July 2nd, 2012

By Jennifer Dobner Reuters.com Sat Jun 30, 2012 A group of about 150 Mormons quit their church in a mass resignation ceremony in Salt Lake City on Saturday in a rare display of defiance ending decades of disagreement for some over issues ranging from polygamy to gay marriage. Participants from Utah, Arizona, Idaho and... »

Larry Elliott Guardian.co.uk Monday 2 July 2012 Barack Obama was given an election headache on Monday when the latest health check of US industry revealed that plunging order books sent the manufacturing sector back into recession territory last month. In a surprise to Wall Street, the monthly snapshot from the Institute for Supply Management... »

With Colorado Springs wildfire 55% contained, fire officials allow residents to return home briefly to check on their homes Guardian.co.uk Monday 2 July 2012 Cars were burned to nothing but charred metal and only concrete remained of many homes in the neighborhoods most damaged by the worst wildfire in Colorado history. But for residents... »

James Kunstler BusinessInsider.com July 2, 2012 Not to put to fine a point on it, but didn’t that cunning rogue Chief Justice John Roberts pour a jug of Karo syrup into the gas tank of America’s twelve trillion cylinder engine. Or, put another way (forgive the metaphor juke), didn’t he just give President Obama... »

EconMatters BusinessInsider.com July 2, 2012 What a difference a year has made! About this time last year, the dollar seemed on the brink of disaster amid the debt ceiling debate at U.S. Congress. U.S. CDS spiked 430% in three months, and S&P downgraded the U.S. sovereign debt credit rating for the first time in... »

By Dean Henderson theintelhub.com July 2, 2012 (Excerpted from Big Oil & Their Bankers…Chapter 7: Four Horsemen) By the late 1800’s John D. Rockefeller had become popularly known as “the Illumination Merchant”, during a time when oil was powering the reading lamps of every American household. Rockefeller’s nickname also alluded to his membership... »

by Justin Raimondo AntiWar.com July 02, 2012 We celebrate the fourth of July with fireworks, memorializing the American colonists’ struggle against the British empire by reenacting, in symbolic fashion, what was a war for independence – that is, an assertion of American sovereignty. As we’ve built an empire of our own, however, the celebration... »

WashingtonsBlog.com July 2, 2012 … But Receive Only a Light Slap on the Wrist We noted Friday: Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, Bank of America, UBS, Royal Bank of Scotland– manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.... »

by Tyler Durden ZeroHedge.com 07/02/2012 In line with our views on Europe’s endgame, Marc Faber opined on Bloomberg TV this morning that if he “was running Germany, would have abandoned the eurozone last week”.We suspect that given the lack of real steps forward and no additional exposure (as yet) for Germany that they... »

SteveQuayle.com July 1, 2012 I am a non-gmo farmer in southern Indiana and we are a week or two from a total loss or at best a 50% reduction on the corn crop. It was 104 yesterday and no rain in sight. The popcorn is in the pollination stage and is very stressed. If... »