- The Koch brothers corporate facade group Americans for Prosperity (AFP) filed a lawsuit in New York’s State Supreme Court seeking to reverse a core piece of state action on climate change.
- I think the USDA will be caught with their pants down on old crop corn stocks later this summer.
- NASDAQ reports that YoY Macao gambling revenue rose 52% in June
- (Economist) TEPCO’s liabilities range between Yen 4 trillion and Yen 25 trillion. The firm also owes 7.8 trillion Yen to bondholder and banks. If TEPCO goes bankrupt, banks and bondholders take precedence over those affect by the disaster.
- London’s first gold dispensing ATM was installed last week.
- (NYT) The median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009.
- Brazil may import 204 mi gallons of ethanol this year, vs 120 last year.
- (Spiegel) With the reintroduction of border controls, the Danes are calling into question one of the EU's greatest achievements. Unfortunately, there has been little protest in Brussels and other European capitals. There is growing fatigue regarding European integration -- and that is a bitterly disappointing trend.
- UN's World Economic and Social Survey, says global food production need to jump by 70-100% by 2050 to feed an anticipated 9 billion people.
- Moody's has cut Portugal's credit rating by four notches to Ba2.
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