The joyous celebration by environmentalists that California's Monterey shale oil formation is presently inaccessible will likely turn out to be premature.
As the Food and Drug Administration (FDA) releases a report about increasing pet illnesses and fatalities from Chinese-made pet food, major nationwide pet-supply retailers Petco and PetSmart announce plans to terminate the sale of chicken, duck, beef, and sweet potato jerky pet treats made in China.
While much of the world was distracted by the supposed clash over Ukraine between Russian strongman Vladimir Putin and Western politicians, the International Monetary Fund announced a bailout of the new Ukrainian regime denominated in the IMF’s increasingly influential proto-global currency known as Special Drawing Rights, or SDRs. Analysts are warning that the developments could have profound implications for the global monetary system and the economy — and especially for the United States, which is stealthily being set up for economic calamity as the U.S. dollar continues on the road to losing its prized status as the world reserve currency.
Behind the media's celebratory headlines about a victory over fracking is the plain and simple fact that this verdict was no victory over fracking.
Looking past Friday's rosy jobs report headlines from the Bureau of Labor Statistics reveals an economy that is far from robust.