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Comments »The Latest Dark Knight Trailer
Despite the End of the World Scenario Playing Out, US and EUROPEAN FUTURES ARE SHARPLY HIGHER
Agriculture Chemical Stocks Ranked By The PPT
55% of the Country is Under Moderate to Extreme Drought Conditions
WALTONVILLE, Ill. | The nation’s widest drought in decades is spreading, with more than half of the continental United States now in some stage of drought and most of the rest enduring abnormally dry conditions.
Only in the 1930s and the 1950s has a drought covered more land, according to federal figures released Monday. So far, there’s little risk of a Dust Bowl-type catastrophe, but crop losses could mount if rain doesn’t come soon.
In its monthly drought report, the National Climatic Data Center in Asheville, N.C., announced that 55 percent of the country was in a moderate to extreme drought at the end of June. The parched conditions expanded last month in the West, the Great Plains and the Midwest, fueled by the 14th warmest and 10th driest June on record, the report said.
Topsoil has turned dry while “crops, pastures and rangeland have deteriorated at a rate rarely seen in the last 18 years,” the report said.
The percentage of affected land is the largest since December 1956, when 58 percent of the country was covered by drought, and it rivals even some years in the Dust Bowl era of the 1930s, though experts point out that this year’s weather has been milder than that period, and farming practices have been vastly improved since then.
In southern Illinois, Kenny Brummer has lost 800 acres of corn that he grows to feed his 400 head of cattle and 30,000 hogs. Now he’s scrambling to find hundreds of thousands of bushels of replacement feed.
“Where am I going to get that from? You have concerns about it every morning when you wake up,” said Brummer, who farms near Waltonville. “The drought is bad, but that’s just half of the problem on this farm.”
BATH SALTS STRIKES AGAIN: THIS TIME FOR THE SAKE OF HOME DECOR
“I’ve never seen anything like it,” said Lt. Mike Monsrud of the Fridley Police Department. “Where someone breaks into someone’s house, changes the locks and then starts doing home repairs on the house, which makes this case even more bizarre.”
The owners called police.
When officers went into the home and found the woman in the closet, they say she refused to come out.
“She would not speak to officers at all,” Monsrud said. “The only thing she would keep repeating is that she’s a female and that we don’t have a right to touch her.”
Comments »Sylvester Stallone’s Son Dead at 36: Drug Overdose
3 Year Old Mugged, While in His Stroller, in Brooklyn
Things are getting so rough in the Big Apple that even toddlers are getting mugged.
A cruel thug ripped a $400 gold chain off the neck of a 3-year-old boy who was sitting in his stroller and being pushed by his mom in Bedford-Stuyvesant in Brooklyn on Tuesday, law-enforcement sources said.
The crook and an accomplice attacked tot Harvey Hernandez in the lobby of his family’s Malcolm X Boulevard apartment building at 11:45 p.m. after following him, his teenage brother and mom Riyana Guerrero home from a Laundromat.
“I was screaming ‘Let go of my baby! Let go of my baby!’” the mom told The Post in Spanish yesterday.
Congratulations to @CRONKITE_iBC For Becoming a Millionaire!!!
REVERSAL! Dow Erases Huge Deficit and is Now Ripping Tits to the Upside
Naturally, as soon as you read this message, the Dow will likely trade lower. Nonetheless, it’s worth noting, the initiative is now in the bulls court.
Developing…
Comments »CORN SURGES 3% ON DROUGHT CATASTROPHE
BRIC-WALL: Brazil Lowers Interest Rates to 8.00%
That is the 8th reduction in rates since last August.
Comments »$CMI WARNING CAUSES MARKET COLLAPSE
Cummins increases dividend; lowered FY12 revenue outlook and issues Q2 revs guidance below consensus (93.00 -2.74)
Co lowered its full-year revenue outlook for 2012 and now expects 2012 revenues to be in line with 2011 compared to previous guidance of an increase of 10 percent (consensus is for FY12 revs +10.0%). Based on preliminary results, and subject to normal quarterly financial statement closing procedures, second quarter revenues are expected to be ~$4.45 billion (vs $5.08 bln consensus). The Company does not provide quarterly revenue or earnings guidance… Co approved an increase quarterly cash dividend on common stock of 25 percent to 50 cents per share from 40 cents per share. “Order trends in the U.S. for trucks and power generation equipment have softened and demand in Brazil, China and India is not improving as we had previously expected. Our revenues have also been negatively impacted by the appreciation of the U.S. dollar against a number of currencies. We are making adjustments within our business to manage costs, while continuing to fund our critical growth programs and will continue to focus on execution and improving operating margins.”
Italian and Spanish Yields are Down, And So is the Euro
Bankrupt: All City Employees of Scranton, Pa Cut to Minimum Wage
This needs to be resolved,” Scranton firefighter and president of the local firefighters union John Judge told FoxNews.com. “My members are getting a check for $7.25 an hour. These are people that are the head of their households. They have mortgages. They have other living costs. They are now going to have to throw their bills in a hat and randomly pick what gets paid on time.”
Comments »Congrats to @ChessnWine For Becoming a Millionaire!
Today’s Biggest Losers
FLASH: $AA BEATS EXPECTATIONS
Reports Q2 (Jun) earnings of $0.06 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.06; revenues fell 9.4% year/year to $5.96 bln vs the $5.82 bln consensus, primarily due to an 18 and 17% year-on-year decline in the realized metal price and realized alumina price, respectively. Alcoa recorded revenue growth in the second quarter across global end markets, including packaging (5%), aerospace (4%), and commercial transportation (3%), compared to 1Q12. Alcoa continues to project a global aluminum supply deficit in 2012 and reaffirmed its forecast that global aluminum demand would grow 7% in 2012, on top of the 10% growth seen in 2011. Strength in the midstream and downstream businesses continued to mitigate volatility in the upstream businesses. Engineered Products and Solutions once again turned in record results, with second quarter adjusted EBITDA margin at 19.4%, the highest to date. Despite continued European weakness, Global Rolled Products achieved record first half adjusted EBITDA per metric ton of $409, 74% higher than the 10-year average, and record first half ATOI of $191 million… Alcoa proposed to settle the Alba civil suit by offering Alba a cash payment of $45 million. Alcoa has also offered Alba a long-term alumina supply contract. Based on the cash offer, Alcoa recorded a $45 million charge. Alcoa currently estimates an additional possible charge of up to $75 million to settle the suit. In addition, Alcoa has been in dialogue with the Department of Justice and the Securities and Exchange Commission regarding their investigations. If a settlement of the government’s investigations can be reached, it is probable that the amount would be material in a particular period to Alcoa’s results of operations.
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