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The U.S. Drought Monitor for September 10, showed no change in the proportions of the state in various categories of drought. That may change slightly next week; a week ago the Southeast portion of the state experienced heavy rain as a spin-off from a recent Pacific hurricane. But, the record temperatures being set this week ensure that the increasing intensity of the drought will continue.

September 18th, 2014 • 11:26 AM

If you want to know what's happening in the trans-Atlantic financial system, definitely don't ask the people who are running it. The Fed has announced the creation of a high-level panel, headed by Fed #2 Stanley Fischer, to monitor financial stability and "avoid the emergence of asset-price bubbles," Bloomberg reports.

September 14th, 2014 • 10:45 AM

By a vote of 134 to 99, Argentina's Congress voted into law the bill proposing a new debt swap, which would take place outside of U.S. jurisdiction.

September 12th, 2014 • 8:49 AM

The amount of quantitative easing and other forms of financial "smack" that ECB President Mario Draghi announced this week that he will provide to the desperately addicted European banking system, is "pitifully small and mostly window dressing," Ambrose Evans-Pritchard protested in a Sept. 5 column in the Daily Telegraph. They are "vague gestures and outright gimmicks ... derisory ...

September 6th, 2014 • 12:00 PM

The consolidation of Argentina's alliance with China and the BRICS nations, which provides it options for its own defense, is driving the Empire's vultures to ever greater heights of hysteria, as they realize they are losing control.

See: THE BRICS SUMMIT: Half of Humanity Launches a New World Economic Order

September 6th, 2014 • 7:58 AM

The last few months have seen a dramatic rise in foreclosure auctions, hitting the Northeastern United States particularly hard, but extending throughout the country. While experts try to explain this as just part of the “messy business of cleaning up the distress” lingering from the 2008 housing bust, the reality is that this offers further evidence that the Obama “recovery” is non-existent. ...

September 15th, 2014 • 10:02 AM

The European Council and the U.S. Obama Administration today imposed further sanctions on Russia. The new sanctions target the finance, energy, and defense sectors. The EU restricts three Russian energy companies, Rosneft, Transneft, and Gazprom Neft, from raising long-term debt on European capital markets.

September 12th, 2014 • 9:28 PM

Astronauts, cosmonauts and taikonauts of the world will gather in China from Sept. 10-15, for the 27th international Planetary Congress of the Association of Space Explorers. This is the first time that the 395 members of ASE from 35 nations, all of whom have flown in space, will meet in China, and it will be under the theme of "Cooperation: To Realize Humanity's Space Dream Together," itself a prelude to China's expected invitation to astronauts from around the planet to participate in China's planned space station.

September 6th, 2014 • 8:43 PM

The NATO-booster organization, the Atlantic Council, was down in the defeatist dumps Friday over the ceasefire in Ukraine, complaining that NATO lost the chance to decisively confront Russia, and that no proposals for significant military assistance to Ukraine came out of the summit, nor any tough sanctions. Putin outmaneuvered them again, they said.

September 6th, 2014 • 8:15 AM