Climate 8 Aug 2018 100% drought in New South Wales

"The entire state of New South Wales is now impacted by drought, official figures show. "A drier-than-expected June and July has left many farmers with failing crops, a short supply of water and diminishing livestock feed... "“This is tough," the NSW primary...

Economy 8 Aug 2018 fault lines in global economy

"Markets often fail to predict major market-moving events even though in retrospect, they should have been obvious to anticipate. A prime example of such a failure was the 2008 global market bust, which followed the extraordinary U.S. housing and credit market bubble....

Economy 7 Aug 2018 China will not be blackmailed

"China's state media continued its aggressive rhetoric against U.S. President Donald Trump's administration, accusing Washington of being "double-faced" amid an ongoing trade dispute. ""Pointing China with (sic) gun and artillery and then asking for a talk, the U.S....

Climate 6 Aug 2018 Hottest July on record for Sydney

"Sydney has experienced its hottest July on record, with the warm and dry conditions set to continue in the harbour city." http://www.dailymail.co.uk/news/article-6028239/Sydney-sweats-warmest-July-record-state-endures-devastating-drought.html "Australia's Prime...

Economy 6 Aug 2018 World unprepared for GFC 2.0

"Nobody really knew it at the time but 10 years ago the world was sitting on the edge of the precipice. It seemed like a normal sleepy August but the calm was illusory. The global financial system was seizing up. The collapse of Lehman Brothers was but a month away....

Climate 3 Aug 2018 warmest month ever for Juneau Alaska

"It’s never been hotter. "According to measurements taken by the National Weather Service here, July 2018 was the warmest month ever recorded in Juneau, Alaska. Instruments at Juneau International Airport, the city’s official measuring point, recorded an average July...

Economy 3 Aug 2018 Turkish lira hits record low

"Turkey's currency plummeted to a record low against the dollar Wednesday after the Trump administration said it plans to impose sanctions on its NATO ally for failing to release a detained American pastor who has been imprisoned in the country for nearly two years......

Climate 2 Aug 2018 last year shattered records

Deadines loom for this unfortunate drone, so just the one article today; pertinent though: 2017 shattered various climate records, including the highest global temperature for a non-El Niño year, lowest Arctic sea ice extent, highest sea levels as well as greenhouse...

Economy 2 Aug 2018 global economy vulnerable

Ten years ago, deteriorating confidence in the value of US sub-prime mortgages threatened a liquidity crisis. The US Federal Reserve injected considerable capital into the market, but could not prevent the 2008-2009 global financial crisis... "Most developed country...

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