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Drought Update

Economies of India and China will become larger than US: Expert ..The US is moving towards a service economy and away from manufacturing, le...

The U.S. economy grew at a 3.4 percent annual pace from April through June, the ninth straight quarter exceeding 3 percent. China's Nati...

Japanese develop 'female' android She can flutter her eyelids and move her hands like a human. She even appears to breathe.

General Is Said To Have Urged Use of Dogs "It was a technique I had personally discussed with General Miller, when he was here" vi...

US faces fresh challenge on farm subsidies The US is the world’s third largest rice exporter. With costs higher than many of its big competi...

The House of Representatives approved the controversial Central American Free Trade Agreement early Thursday after intense last-minute lobby...

Asia's 'surprising resilience' The region is trading at 11.5 times earnings for this year, he added, with a dividend yield of mo...

U.S. durable goods orders were up 1.4% in June, stronger than expected -- the third monthly increase. U.S. new home sales were at an annual ...

Has Greenspan Committed Fraud? The Dr. Ravi Batra Interview The financial fraud is actually very serious fraud. It has resulted in almost $2...

Conflicts' costs may exceed $700 billion ..the costs of the war -- many multiples greater than what the White House had estimated in 200...

The Conference Board said Consumer confidence was softer than expected in July falling to 103.2 from a revised 106.2 in June. Business confi...

The US Navy...Made in China China-Mart Takes Over What US corporations and the free trade economists overlook is that giving Americans' ...

GM crops created superweed, say scientists Unlike the results of the original trials, which were the subject of large-scale press briefings ...

Melting Greenland glacier may hasten rise in sea level Measurements taken in 1988 and in 1996 show the glacier was moving at a rate of betwe...

U.S. self-serve regular gasoline pump prices slid 1 cent in the past two weeks to an average $2.30 a gallon, according to the most recent L...

Iraq: This is now an unwinnable conflict The Duke of Wellington, warning hawkish politicians in Britain against ill-considered military inte...

Japan's corporate debt below 100 tril. yen The debt totaled 97 trillion yen (US$866 billion, euro724 billion) at the end of March, down ...

Two New Studies on Aspartame and Diet Drinks Confirm Source of Obesity, Cancer/Malignant Brain Tumor Epidemics "This study confirmed th...

China 's currency rose about 2 percent against the U.S. dollar at the start of trading on Friday, a day after the government cut the yua...

Greenspan said the U.S. central bank thinks the U.S. economy is on a "firm footing" and expects inflation to stay tame, but he mad...

The level of housing starts was unchanged in June from May’s rate, the Commerce Department reported Tuesday Industrial production in the Eu...

Treasury International Capital Data for April Foreign purchases of domestic securities reached $53.6 billion on a net basis in April, relat...

Austria Shows Sick German Cousin the Way Ahead In a quiet way, Austria has been consistently outperforming its close cultural and linguisti...

First oil ETF's debut is set and expected to launch later this month in London

Production at U.S. factories, mines and utilities rose 0.9% in June, twice as much as expected, the Federal Reserve said Friday. The produce...

Retail sales jumped 1.7% in June and up 9.6% YoY, while the CPI is flat in June and up 2.5% YoY. Calm consumer price inflation in June did l...

Gold prices to rise on China growth Mine production fell 4.4 percent last year, according to GFMS. Citigroup said on May 19 the gold price t...

Prices of imported goods rose 1% in June, following a drop in May that was the year’s only decline, the Labor Department said Wednesday. Tra...

The No-Think Nation Each month in the 21st century the government's own statistics tell the tale of the US winding down as a superpower...

Economists raised their U.S. economic growth forecasts for this year's second half and said they expect the Federal Reserve to lift its ...

China’s trade surplus grows fivefold in June China’s trade surplus for June swelled five-fold from a year earlier as exports grew much faste...

Overall trucking freight volumes rose 0.8% in May on a seasonally adjusted basis, the first increase in four months, American Trucking Assoc...

Inventories at U.S. wholesalers rose 0.1% in May, the Commerce Department said Friday, the 16th straight rise in stockpiles. The number of u...

The only category of severity which remains is “exceptional”—and the region may be headed in that direction unless much needed rains arrive ...

Oil Falls From Record as London Blasts Threaten Economic Growth First-time claims for state unemployment benefits rose by 7,000 to 319,000...

FACTBOX-Leading indicators of world economic activity -- India and China topped a global survey of consumer confidence conducted between Apr...

Prospects for an extended round of heat begin this weekend, suggesting the current dry pattern has legs and is likely to get worse as the me...

US citizens back action to curb greenhouse emissions 94 per cent of respondents said the US should make efforts to limit greenhouse gas emi...

The price of crude oil topped $60 in morning trading on the New York Mercantile Exchange as Tropical Storm Cindy struck the Louisiana coast,...

Past 47 days: Rainfall under 1"; 17% normal Never in 135 years of weather observations has the period from May 20 through July 6 seen ...

New auto sales in Australia rose 21.7% to 101,907 vehicles in June from May, industry data published Tuesday by the Federal Chamber of Auto...

Harry Browne comments on the Fourth of July It was truly unique — the first nation in all of history in which the individual was considered ...

The ISM (Institute for Supply Management) index rose to 53.8% in June from 51.4% in May. Prices paid fell to 50.5% from 58.0% in May, the lo...

Book closes on one of the hottest, driest Junes here Brown lawns and shriveling leaves don’t lie. Weeks of hot, dry weather have taken their...

No Bounce President Bush’s televised address to the nation produced no noticeable bounce in his approval numbers, with his job approval ra...

As expected, the Federal Open Market Committee boosted its target for short-term interest rates Thursday by a quarter percentage point to 3....

Soybean imports doubled in May China, the world's biggest soybean -buyer, bought 2 million metric tons of the oilseed last month, 143 pe...

Insurers sound the alarm on climate change The cost worldwide of storms, expected to become more frequent owing to climate change, is likely...