Economy 18 Dec 2018 Recession Looming in 2019

"Judging by activity measures like retail sales, industrial production and employment, the U.S. economy does not seem to be on the brink of slowing down. But it is a perverse fact that such measures have been at their highest points, and even at record levels, just...

Climate 17 Dec 2018 27 Inches of Rain for Queensland

"The tiny hamlet of Halifax in North Queensland received the highest daily rainfall ever recorded in Australia in December as ex-tropical cyclone Owen crossed the region on Saturday. "Halifax was dumped with a record-breaking 681mm (26.8 inches) in the 24 hours to 9am...

Climate 14th Dec 2018 Cyclone Owen Head for Queenland

Following on from an unprecedented heatwave and unprecedented bushfires: "Cyclone Owen will “wreak havoc” across Queensland, with remote communities braced for 280km/h winds and much of the state on flood alert, the premier has said. "Annastacia Palaszczuk said the...

Economy 14 Dec 2018 Global Debt = $86,000 Per Person

"Global debt hit a record $184 trillion last year, equivalent to more than $86,000 per person -- more than double the average per-capita income. Borrowing is led by the U.S., China, and Japan, the three biggest economies, the International Monetary Fund said Thursday,...

Economy 13th Dec 2018 Firms Stockpile for No Deal Brexit

"Companies and industry groups in Britain issued strident warnings against further political turmoil Wednesday after a challenge to Prime Minister Theresa May's leadership underscored the strength of opposition in her own party to her government's plan for Brexit....

Climate 12 Dec 2018 Unprecedented Warming in the Arctic

"Persistent warming in the Arctic is pushing the region into “uncharted territory” and increasingly affecting the continental United States, scientists said Tuesday. "“We’re seeing this continued increase of warmth pervading across the entire Arctic system,” said...

Economy 12 Dec 2018 Brexit Descends into Chaos (More So)

"Conservative MPs have triggered a vote of no confidence in Theresa May, plunging the Brexit process into chaos as Tory colleagues indicated they no longer had faith in the prime minister to deliver the deal. "Sir Graham Brady, the chair of the 1922 Committee, has...

Climate 11 Dec 2018 Record Snowfall for S Carolina

"The brunt of the storm may have passed, but North Carolina residents still face perilous conditions after record-setting snow walloped the state... "With a mix of snow, ice and rain still coming down in some areas, conditions remain treacherous in many parts of our...

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