With the shutdown over, the next week should show how consumers are reacting. A looming question is, are longer term plans for spending on pause, given the considerable likelihood that the US government goes back to the brink of default in the next 4 months.
Poverty stuck at 15 percent — record 46.5 million
More than 1 in 7 Americans were living in poverty, not statistically different from the 46.2 million of 2011 and the sixth straight year the rate had failed to improve, the Census Bureau reported Tuesday.
China’s London-Zurich-Hong Kong gold conduit — a major financial coup d’etat
Switzerland and Hong Kong are acting as a conduit of western gold on its way to China — and probably Chinese central bank reserves.
Investors Shrugging Off 'Washington Whiplash'
Despite potential for another debt ceiling fight, stock investors shrug off Washington messes
Crisis Is The New Normal
While the shutdown might look like the spectacular self-immolation of a band of bitter-enders, it’s better understood as the natural consequence of a decades-long shift in the American political landscape.
5 Reasons Jellyfish Will Cause the Apocalypse.
But the SyFy Channel Jellyfish movie will be SO boring
The ocean is broken
"On the bow, in the waters above Hawaii, you could see right down into the depths. I could see that the debris isn't just on the surface, it's all the way down. And it's all sizes, from a soft-drink bottle to pieces the size of a big car or truck. We were weaving around these pieces of debris. It was like sailing through a garbage tip."
Business Cards Are Really Useless Now
I've downloaded both Bump and CardMunch; I'll see how they do.
Is the Market Ready for Its Next Pullback?
... If you're still waiting on that buying opportunity
Palladium Only Precious Metal Higher In 2013 So Far; Analysts See More Gains
In particular, the amount of metal flowing from Russia is expected to slow due to a widely held view in the palladium market that state stockpiles – a closely guarded secret by the government – may be about depleted.
U.S. Gold Mine Output Rises 3% Month-On-Month In June - USGS
June output was 3% above the upwardly revised May production of 18,800 kgs. June output was down 5% from year-ago production of 20,400 kgs
Oil Companies Are Sued for Waste of Natural Gas
The value of flared gas in the state is roughly $100 million a month. They're burning it off to get at pricier oil
U.S. Is The World's Largest Producer Of Natural Gas. Here's What That Means
Over the past few years, fracking has had a huge effect on energy in America. Here's how.
Morgan Stanley: Natural Gas Production Is Getting A Second Wind, And Coal Is In For Even More Pain
Morgan Stanley says the Marcellus is about to experience a second wind, with 2014 production increasing by 2.2 billion cubic feet per day to about 70 bcf/d.