By Agence France-Presse RawStory.com Tuesday, July 3, 2012 The International Monetary Fund on Tuesday pared its growth forecast for the US economy this year, warning against a “fiscal cliff” at year-end and the Obama administration’s proposed spending cuts. The IMF estimated 2012 US economic growth at 2.0 percent, down from April’s forecast of 2.1... »
Archive for July 3rd, 2012
Food prices could skyrocket as U.S. harvest continues to wilt in blistering heat
By Phillip Inman, The Guardian RawStory.com Tuesday, July 3, 2012 Chicago corn price jumps by 3% to highest since last autumn as maize, soybean and wheat yields also suffer due to drought Fears that food prices will rocket at the end of the year after a poor US harvest were heightened after predictions that... »
New Iran Sanctions Have Tensions Rising In The Straight Of Hormuz
Michael Kelley BusinessInsider.com July 3, 2012 We’ve covered how the U.S., Israel and Iran are preparing for the possibility that U.S.-Israel cyber warfare spills over to acts of war in the physical world. Now that the most severe of the European sanctions have come into effect, tensions are mounting around Strait of Hormuz –... »
Thousands of New IRS Agents to be Hired to Enforce Obamacare
Kurt Nimmo Infowars.com July 3, 2012 Rep. Kevin Brady, a Texas Republican, warns that the IRS will hire up to 6,500 new enforcers in the coming months to go after citizens who do not pay the new Obamacare tax. The expansion is said to include criminal investigators who “make cases” in order to levy... »
Troops In Door To Door “Wellness Checks” In Virginia, Ohio
Concern as National Guard and FEMA deployed in wake of severe weather Steve Watson Infowars.com July 3, 2012 National Guard troops are conducting door to door “wellness checks” in areas of Virginia and Ohio following power outages due to severe heat and storms. WDTV in West Virginia reports that “The National Guard is checking... »
Iran says test-fires missiles over threats of attack
TheExtinctionProtocol.com July 3, 2012 IRAN – Iran said on Tuesday it had successfully tested medium-range missiles capable of hitting Israel in response to threats of military action against the country, Iranian media reported. Israel says it could attack Iran if diplomacy fails to force it to halt its disputed nuclear energy program. The United... »
Mexico declares national animal emergency due to H7N3 outbreak of bird flu
TheExtinctionProtocol.com July 3, 2012 MEXICO – The Mexican government declared a national animal health emergency on Monday in the face of an aggressive bird flu epidemic that has infected nearly 1.7 million poultry. More than half the infected birds have died or been culled, the agriculture ministry said of an epidemic that was confirmed... »
Biderman On Europe And The Rally: “It’s All Bullshit”
by Tyler Durden ZeroHedge.com 07/03/2012 The sensible Sausalitan is back and this time he is taking on the “baffle ’em with bullshit” conclusion of last week’s “non-game-changer” EU Summit. After some self-congratulatory chatter on his timely call for markets to ebb from April, Charles Biderman (CEO of TrimTabs) chokes back the spittal as he... »
10 explosive bubbles that will kill capitalism
Commentary: Slow-motion train wreck in store for U.S. By Paul B. Farrell MarketWatch.com July 3, 2012 SAN LUIS OBISPO, Calif. (MarketWatch) — In mid-2005, three years before Wall Street’s credit meltdown, the Economist warned of the “Biggest Bubble in History.” In five short years after the 2000 dot-com crash property prices across the world... »
US military strength beefed up at Hormuz as nuclear talks with Iran fade
DEBKAfile July 3, 2012 The Obama administration released details Tuesday, July 3, of a fresh buildup of its military forces in the Persian Gulf, stressing their task is to fend off any Iranian attempt to endanger international shipping by blocking or planting mines in the Strait of Hormuz. Shortly after the announcement, senior US... »