
The first solar storm of this cycle hit the Earth early this month, causing it to light up spectacularly / NASA

The first solar storm of this cycle hit the Earth early this month, causing it to light up spectacularly / NASA
The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 trillion deficit, which was close to 10% of GDP.
And, that’s the good news.
As the deficit grows so does the national debt, which is currently more than $13.3 trillion, according to official figures.
But the situation is actually much, much worse, according to Boston University economics professor Laurence Kotlikoff.
Is not there some old Harry Truman Democrat still around to advise the
new Democratic aristocracy to live it down a bit in these tough times?
After presidential calls for sacrifice in our rough days of
recession — and coming on the heels of the Gatsby-like Clinton wedding,
the H.M.S. Kerry, the Gore getaway in Montecito, and “John’s Room” —
the enormous movable feast of Michelle Obama’s from Marbella to
Martha’s Vineyard does not go well with “two nations,” “raise the bar,”
downright mean country,” and all the other progressive complaints.
What was that about one selfish America living one way and another less
fortunate America living quite another? More mundanely, who says a
life in government doesn’t pay?
Aristocrats: Raising the Bar on the Costa del Sol
The problem with Michelle Obama’s Marabella-to-Martha’s-Vineyard
August is not that the first family doesn’t deserve time off but that
Michelle, in the past, has gone on the record that the country’s elite
(of which she claimed not to be a part) had created one nation for
themselves and quite a different for most others — at least that’s how I
interpreted never having been proud of her country until the rise of
hope and change.
So the Versailles-like aura around her trips suggests that her
prior angst arose not because millions were not able to share the
lifestyles of the elite but that she herself had not yet quite partaken
in the sort of life she felt she deserved — which she is now
apparently enjoying to the fullest. The fact that her Costa del Sol
trip coincides with hard times back in the states, comes on the heels
of the Kerry yacht and the Clinton wedding, and clashes with her
husband’s anti-wealthy rhetoric (e.g., “at some point you’ve made enough
money”) makes it all the more weird, both for her adminstration’s
equality-of-result politics and for the larger liberal narrative of
talking truth to power.
The US must prepare itself for a full-scale cyber attack which could cause death and destruction across the country in less than 15 minutes, the former anti-terrorism Tsar to Bill Clinton and George W Bush has warned.Richard Clarke claims that America’s lack of preparation for the annexing of its computer system by terrorists could lead to an “electronic Pearl Harbor”.
In his warning, Mr Clarke paints a doomsday scenario in which the problems start with the collapse of one of Pentagon’s computer networks.
(Reuters) – Nearly 40 million Americans received food stamps — the latest in an ever-higher string of record enrollment that dates from December 2008 and the U.S. recession, according to a government update.
Food stamps are the primary federal anti-hunger program, helping poor people buy food. Enrollment is highest during times of economic distress. The jobless rate was 9.9 percent, the government said on Friday.
The Agriculture Department said 39.68 million people, or 1 in 8 Americans, were enrolled for food stamps during February, an increase of 260,000 from January. USDA updated its figures on Wednesday.
via Food-stamp tally nears 40 million, sets record | Reuters.
ORLEANS, Louisiana (AFP) – Concern grew Sunday that the US Gulf coast is facing a whole new level of environmental disaster after the best short-term fix for a massive oil spill ran into serious trouble.
BP’s giant containment box lay idle on the seabed as engineers furiously tried to figure out how to stop it clogging with ice crystals.
The British energy giant, which owns the lion’s share of the leaking oil and has accepted responsibility for the clean-up, has tried to banish the notion that the dome is a “silver bullet” to end the crisis.
New scale of disaster looms in Gulf of Mexico – Yahoo! News.
The oil spill in the Gulf of Mexico has drawn plenty of media attention, and for good reason. It touches on environmental, energy, and competence issues for the American government, and it has cost eleven people their lives. Can we clean up a major spill from an offshore drilling rig? If we can’t stop it from spewing oil quickly, our entire energy policy and the idea of energy independence could be at risk, at least politically.
However, the national media has overlooked another disaster in Nashville. Torrential rains have flooded a major American city, causing over a billion dollars in damage, which puts the crisis among the most expensive natural disasters in American history. Except for a couple of brief mentions, hardly any attention at all has been paid to it at all. Perhaps that’s because, as this video suggests, Tennessee has tried handling it themselves (via Newsbusters):
At a time when the American economy is already reeling like a drunken s
ailor, the United States is being hit by what seems like an endless parade of horrible disasters that threaten to push the fragile financial system over the edge. The massive oil spill in the Gulf of Mexico that is now destroying not only the the entire economy of the Gulf Coast but also the entire way of life for hundreds of thousands of people is getting all the headlines right now, but it is far from the only major crisis that has hit the United States recently. The old saying, “when it rains it pours”, is certainly applicable to the United States right now. Already faced with some of the biggest economic problems in a generation, America is also being forced to deal with horrifying natural disasters, rapidly growing environmental nightmares and agricultural problems that could end up being absolutely unprecedented. So why do so many bad things keep happening to the United States? Does there come a point when the economic damage from all of these disasters just becomes too much? After all, how many body blows can the “biggest economy in the world” take and still remain standing?
Why Do So Many Bad Things Keep Happening To The United States?.

The food business is far and away the most important
business in the world. Everything else is a luxury.
Food is what you need to sustain life every day.
Dwayne Andreas
When a large segment of the population is facing a drastic cut in income in the face of escalating food prices we have a catastrophic problem in the making. Today we have the simultaneous events of income deflation and food inflation; two high-speed express trains coming down that tracks at each other, a financial crisis colliding with staggering crop losses, which are cutting deeply into available planetary food reserves. Prices of food are again beginning to soar again just as millions are losing the ability to afford a reasonable diet, though little of this is being observed or reported. But soon even the blind will see.
From corn to crude, prices for a wide range of commodities are
on the rise across the globe. In recent months, global food prices
have been growing at a rate that rivals some of the wildest months
of 2008, when food riots erupted across the developing world.
January 9th Wall Street Journal