by Tyler Durden ZeroHedge.com 07/18/2012 A week ago we reported news that Middle East veteran aircraft carrier CVN-74 Stennis was ending its brief sabbatical prematurely, and far earlier than previously expected, and heading right back into the field, er sea, of action. As Kitsapsun reported, “Bremerton-based aircraft carrier USS John C. Stennis is returning... »
Archive for July 18th, 2012
Bad Economic Signs 2012
Brandon Smith Alt-Market.com Wednesday, 18 July 2012 In January of this year, I wrote an analytic financial piece entitled ‘Baltic Dry Index Signals Renewed Market Collapse’: http://www.alt-market.com/articles/540-baltic-dry-index-signals-renewed-market-collapse In that article I discussed the record breaking low hit by the BDI and its implications for the global economy; namely, that it signaled a steep decline... »
Midwest drought shows little sign of abating
By Ernest Scheyder MSNBC.com 7/17/2012 (Reuters) – Broiling heat blanketed much of the U.S. Midwest on Tuesday, exacerbating the region’s worst drought in more than 50 years and devastating corn, soy and other vital crops. From Chicago to St. Louis to Omaha, Nebraska, temperatures eclipsed 100 degrees Fahrenheit and the National Weather Service (NWS)... »
Corn Prices Headed for Record Highs as Crop Shrinks
By: Patti Domm CNBC.com Wednesday, 18 Jul 2012 Corn futures are heading to record highs on reports of wider crop devastation, and as forecasts show continued hot, dry weather threatening even more of this year’s crop. The latest U.S. Department of Agriculture data shows that just 31 percent of the corn crop is in... »
How the Drought Will Cost You
Kerrie Cassani Weather.com Jul 18, 2012 Record setting temperatures and little rain have put much of the Corn Belt under a severe drought. The extent of drought nationwide is at its highest levels in this century, according to the U.S. Drought Monitor report. “The drought is going to have a direct impact on all... »
Guest Post: The Growing Pressures Likely To Blow The Eurozone Apart
by Chris Martenson ZeroHedge.com 07/18/2012 There was yet another European Union summit at the end of June, which (like all the others) was little more than bluff. Read the official communiqué and you will discover that there were some fine words and intentions, but not a lot actually happened. However, there are some differences... »
Netanyahu Vows ‘Forceful Response to Iranian Terror’…(WW 3 In …3…2…1…)
Gil Ronen Israelnationalnews.com July 18, 2012 Iran and Hizbullah appear to be behind the blast in Bulgaria Wednesday, which took place on the 18th anniversary of the AMIA attack in Argentina that killed 85. Voice of Israel Radio’s military correspondent said that Hizbullah and Iran are indeed the main suspects, but did not make... »
Are Big Banks Criminal Enterprises?
by George Washington ZeroHedge.com 07/18/2012 Here are some recent improprieties by the big banks: Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis) Laundering money for terrorists Engaging in mafia-style big-rigging fraud against local governments. See... »
Just In: “Explosion inside a protected area” at U.S. nuke plant, says local official near Philadelphia — “No impact on public health” says NRC
By ENENews July 18th, 2012 Title: ‘Unusual event’ reported at Limerick power plant Source: The Mercury Date: July 18, 2012 According to Frank Custer, communications director with Montgomery County , the county received an email from Exelon, parent company of the nuclear power plant, stating that an explosion... »
UBS Issues Hyperinflation Warning For US And UK, Calls It Purely “A Fiscal Phenomenon”
by Tyler Durden ZeroHedge.com 07/18/2012 Supposedly warnings about the latent inflationary threat posed by simply ridiculous non-financial debt levels (as presented most recently here yesterday), not to mention financial debt (which as MF Global’s rehypothecated implosion demonstrated so vividly can be any number between minus and plus infinity, thank you London “regulators”) from the... »