The continued debt problems in Spain, despite the country receiving banking bailouts, is rippling across Europe and driving the Euro down against foreign currencies.
The euro fell to 94.37 yen this morning, the lowest point for the Euro since November 2000. The fall came after news late Friday that Spain’s Valencia region had requested emergency funds from a new rescue fund. Madrid’s borrowing costs skyrocketed to levels that analysts see as impossible to sustain in the long run. Continue reading →
The heaviest rain to hit Beijing in 60 years has reporters and citizens questioning why better warnings were not given to residents. Reports say 37 people died in flash flooding that ravaged the city with seven more missing in the damage.
The storm struck Saturday night, shutting down airports and transportation systems. The airport was shut down through Monday and reports state most of the transportation systems are back to normal on Monday. Continue reading →
The mayor of Boston is vowing to block Chick-fil-A from opening a restaurant in the city after the company’s president spoke out publicly against gay marriage. Continue reading →
The chairman of the House Intelligence Committee, in an interview with Fox News, implicated Iran in the bombing of Israeli tourists in Bulgaria and said the U.S. should take Israel at its word that they will retaliate. Continue reading →
Government troops have stormed a Damascus district with tanks for the first time, five days on from the outbreak of
fierce clashes in the capital, a UK-based rights group has said. Continue reading →
A double-barreled dose of bad news came out Thursday: Not only did the drought worsen over the last week, but it’s likely to widen and intensify through the end of October, according to the seasonal outlook prepared by government forecasters. Continue reading →
A bomb exploded on a bus carrying Israeli youth in a Bulgarian resort Wednesday, killing at least six people and wounding 32, officials said. Israeli Prime Minister Benjamin Netanyahu called it “an Iranian terror attack” and promised a tough response. Continue reading →
Corn prices are nearing the record highs of last summer as the U.S. Midwest suffers its worst drought since 1956. Shoppers should expect higher grocery bills, because corn is used in three-quarters of supermarket products.
Source: Smart Money – Rising Corn Prices and Your Grocery Bill
Most of the quarter-million people forced to flee massive flooding in southwest Japan were able to return home by Monday, but weather officials warned the danger had not fully passed from the record rainfall that left at least 26 people dead over the weekend. Continue reading →
Hundreds of Spanish firemen, police officers and nurses marched yelling through the streets Monday, denouncing as “robbery” the pay cuts enforced under Spain’s latest fiscal emergency plan. Continue reading →