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Monday, April 25, 2011

Heavy Rain Prompts Flood Concerns in Mo., Ky.

Towns along Mississippi,
Ohio River valleys prepare
April-25-2011--POPLAR BLUFF, Mo. - Thunder roared and tornado warning sirens blared, and all emergency workers in the southeast Missouri town of Poplar Bluff could do Monday was hope the saturated levee holding back the Black River would survive yet another downpour.

Murky water flowed over the levee at more than three dozen spots and crept toward homes in the flood plain,

Some had already flooded.

If the levee broke — and forecasters said it was in imminent danger of doing so —

some 7,000 residents in and around Poplar Bluff would be displaced.

Video: Heavy Rain Prompts Flood Concerns in Mo

Thousands Evacuate as Missouri Town's Levee Threatens to Burst

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George Soros NEW WORLD ORDER! China must be brought in! Orderly Decline ...

WORLD FOREX:
Dollar Edges Lower As Market Awaits Fed Meeting
April-25-2011--NEW YORK --The dollar edged slightly lower on Monday as investors refrained from betting aggressively for or against the US currency ahead of a key Federal Reserve policy meeting this week.
The dollar's contained moves reflected how much negative news the beleaguered currency has already priced in and how likely the unit would be to rebound if the Fed gave a surprisingly hawkish assessment of the economy. Concerns about the U.S. fiscal outlook and ultra-loose monetary policy have made the dollar an unattractive alternative to higher-yielding currencies such as the euro and pound.
But in markets still thinned by the Easter holiday, traders largely refrained from driving the dollar to new multi-year lows against most major currencies.
Questions for Bernanke? Details of News Conference
Dollar steadies ahead of Fed rate-setting meeting

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The Silver Log (04.25.2011) $50 Resistance Test

Precious metals cool after reaching highs
April-25-2011--Gold reached $1518.10 per troy ounce, a nominal record,
while silver climbed to $49.31 per ounce, its highest level since a supply squeeze in 1980.

Precious metals prices have surged as investors search for havens from a variety of risks, from inflation and weaker currencies to political turmoil.

“There’s been a resumption of sovereign risk worries in Europe,
safe haven buying related to Japan and more recently, discussions over US debt,”
Silver, Gold Prices Settle Off Highs
Silver, Gold Hit Records Ahead Of Fed Meeting
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Thursday, April 21, 2011

Obama: New Task Force Will Examine Gas Prices

Obama talks deficit voters gas prices

April-21-2011--Obama has touched on the issue of gas prices at each stop on the West Coast.
President Barack Obama’s attempt to sell his deficit-cutting plan is slowly being crowded out by another more pressing issue:
rising gasoline prices.
On a two-day trip through Nevada and California, Obama has devoted more and more of his time to address fears that many Americans could soon pay $5 a gallon — a prospect that holds significant peril for the White House and his reelection chances if it halts the nascent economic recovery
“We are going to make sure that no one is taking advantage of the American people for their own short-term gain,”

Obama said at ElectraTherm, a small renewable-energy company.
Obama: New Task Force Will Examine Gas Prices
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Gulf Residents Reflect on Year-Old Oil Disaster

DOJ:

BP Agrees To Provide $1B
For Gulf Restoration Projects
April-21-2011--WASHINGTON --BP Plc has agreed to provide $1 billion to help restore wildlife and habitats in the Gulf of Mexico as part of an agreement with the US and Gulf Coast state governments, the Justice Department said Thursday. This agreement, billed as the largest of its kind, falls on the heels of the one-year anniversary of the explosion of the Deepwater Horizon rig and the subsequent oil spill.
The $1 billion agreement that BP struck with the federal and state governments--collectively known as the Natural Resource Trustees for the Deepwater Horizon oil spill--doesn't release BP from liability for any other natural resource damages.
The trustees will use the money to rebuild coastal marshes and replenish damaged beaches, among other projects.
Video: Gulf Residents Reflect on Year-Old Oil Disaster
BP oil spill 'blame game' starts with $40bn lawsuit
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"Special Drawing Rights" to replace U.S. Dollar after the collapse

FOREX-
US dollar tumbles broadly;
all-time index low in sight
April-21-2011--NEW YORK--The dollar fell broadly for a third straight day on Thursday as record low interest rates and the crushing weight of the US budget deficit pushed it closer to an all-time trough against major currencies. The dollar's slide accelerated days after Standard & Poor's slapped a negative outlook on the United States' top AAA credit rating. The agency said a downgrade was possible if authorities can't slash the massive U.S. budget deficit within two years.
That prompted investors, from fund managers to foreign central banks that hold trillions of dollars in assets, to opt for anything but the U.S. currency.
"The combination of loose monetary policy and chaos on the fiscal front has people very worried,"
"That fear is being reflected in the dollar.
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