NEW ORLEANS — Hurricane Gustav neared the Gulf Coast early today with the first bands of its destructive rage, winds slightly weakened but still potent enough to spark a massive all-day exodus that all but emptied New Orleans and clogged Southern highways with nearly 2 million evacuees. for more click here
Inflation or deflation? Which are we going to see? This is an argument that has come to the surface once again. And it seems to raise just about everybody’s hackles.
I’ve just put together a radio show on the subject (commoditywatchradio.com) with James Turk of Goldmoney, who sees inflation, Mish Shedlock of Global Economic Analysis, who sees deflation, and Mike Hampton of Global Edge Investors, who sees both. I have to say, it’s changed my point of view. I’m starting to see things in a much more deflationary light.
Before discussing what lies in store though, let’s address what exactly people mean by inflation or deflation – because the words are as misunderstood as the subject matter…
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The UK population is set to become the largest in the European Union, according to a report. It is expected to increase from its current figure of 61 million to almost 77 million in 2060 – a rise of 25%. for more click here
Britain is to formally present its case to the UN in New York for extending its territorial rights around Ascension Island in the South Atlantic.
States have rights over their resources – including oil or gas reserves – up to 200 nautical miles from the shoreline. for more click here
THE massive regeneration of Leith Docks featuring more than 15,000 new homes is set to get the go-ahead from city councillors. for more click here
Prince Charles must prove his claim that GM crops could cause a global environmental disaster, Environment Minister Phil Woolas has challenged.
In an interview with the Sunday Telegraph, the minister said it is now down to the opponents of genetically modified food to prove it is unsafe. for more click here
Companies developing genetically modified crops risk creating the biggest environmental disaster “of all time”, Prince Charles has warned.
GM crops were damaging Earth’s soil and were an experiment “gone seriously wrong”, he told the Daily Telegraph. for more click here
WITH petrol prices continuing to rise, the cost of food soaring and interest rates forecast to climb before the year is out, consumers are finding their pay packet is not stretching quite as far as it did only a few months ago.
The last thing that anybody feeling the pinch wanted was for another big rise in their energy bills at a time when they are going to feel it more than ever before. for more click here
Gov’t to activate 3-year plan to develop new water technologies. Desalination, preferred solution for water shortage, leads to water pollution. for more click here
Vehicle curbs and factory closures haven’t worked, and emergency plans may have to be tried. China says it’s made improvements, but air quality experts question standards and measuring techniques. for more click here