American writer Tracy Kidder points out: "In order to go on with our lives, we are always capable of making the ominous into the merely strange." We ignore ominous warning signs at our own peril. But ignore them we will, and have. And we continue to call them strange, thus attempting to build a protective shell around our tender psyches, comforting ourselves with an amorphous web of blatant lies.
Much thanks to RJ at the Global Glass Onion and the Ozarker at Conflicted Doomer , Doug at 3Es News and David at ETF Daily. Do take time to visit their sites and say hello.
also, don't forget to check out the forums linked at the bottom of this post!
Peak Oil and Energy News
EnergyBulletin: Don’t count on revolution in oil supply
IBTimes: Saudi Aramco Looks To Red Sea For Offshore Exploration
Reuters: TNK-BP's chief oil trader leaves, taking break
CNNMoney: Romney: Energy independence by 2020
CNBC: Ethanol Waiver May Lower Corn But Raise Gas PricesUticaOD: Iran clings to Asian oil sales to buffer blows from Western sanctions
SeattleTimes: US crude oil supplies drop by 5.4 million barrels
Global Conflict
NYT: UN Visit Will Set Back a Push to Isolate Iran
VOA: Humanitarian Crisis Looms as Syria Fighting Intensifies
MSNBC: Ex-ambassador: US, Pakistan should 'divorce'
NBC: Not so fast: Ex-Israeli intelligence chief speaks out on Iran strikes
Iran clings to Asian oil sales to buffer blows from Western sanctions
NYT: Syrian Forces Renew Raids on Damascus Suburbs
NYT: UN chief heading to Iran despite US, Israeli objections - 'The secretary general is fully aware of the sensitivities of this visit,' spokesman says
NBC: Report: More foreign fighters join rebels in Syria as regional crisis deepens
NBC: Lebanon militia stands by Syria's Assad despite bloody crackdown
OWS/Protests
CSMonitor: Demonstrators protest alleged beating of black skateboarder by LA police
Domestic Financial News
CNNMoney: Hedge funds are betting on disaster
BusinessInsider: The CBO Outlines How The Fiscal Cliff Would Send The US Into A Recession (Infographic)
WSJ: US Stock Futures Buoyed By Fed Stimulus Hopes
Mish: Fed to Deliver More Stimulus "Fairly Soon"; How Much Stimulus Does It Take?
CEPR: The Fiscal Cliff Is Not as Steep As It Seems
Zerohedge: The Awesome, Mind-Boggling Tale of Sam Israel and the Shadow Markets
CSMonitor: Stock market erases losses on Fed signals
The Stock Market Is an "Attractive Nuisance" and Should Be Closed
Forbes: The Only Way Out Of The Great Stagnation
We have misunderstood our situation. We are not as well off as we thought we were.
LAT: Eroding middle class falls to 51%, survey finds
The core American belief that a large sector of the public enjoys economic and social mobility is not necessarily true anymore, a Pew study says.
MiamiHerald: Applications for US unemployment aid up slightly
Reuters: Jobless claims rise, labor market healing very slowly
FiscalTimes: Millions Now Stuck in the Rut of Self-Employment
Forbes: Why The Fair Tax Will Fail
Statesman: Property taxes in Texas up nearly 200 percent over the past two decades, comptroller says
Global Financial News
Telegraph: Debt crisis: Greece in 'last chance' to meet its bail-out terms
BBC: Eurozone 'heading for recession'
Worldcrunch: Egypt's IMF Loan Opposed By Both Socialists And Islamists
Mish: China Flash Manufacturing PMI at 9-Month Low, New Export Orders Plunge at Sharpest Rate Since March 2009 - Adding to the grim news on global growth, the HSBC Flash China Manufacturing PMI shows new export business declines at sharpest rate since March 2009.
Zerohedge: China Flash PMI Plummets As New Export Orders Collapse To Lehman Lows
BlacklistedNews: Citi Sees Greek Exit As Soon As September
CSMonitor: Prospect of new wave of austerity looms over Britain
DetroitNews: Demand for Audi, Mercedes, BMW down in Europe, China
NYT: In Vietnam, Growing Fears of an Economic Meltdown
Telegraph: Egypt asks IMF for $4.8bn in aid
Guardian: Russia's entry to WTO ends 19 years of negotiations - Kremlin hopes World Trade Organisation entry will provide sort of boost enjoyed by China after it was admitted in 2001
Commodities/Metals
Reuters: Gold rises for seventh day after Fed stimulus surprise
CSF: China Likely to Start Purchasing and Storing Light Rare Earth in September
Environmental
USGS
M 4.6, 81km S of Panguna, Papua New Guinea
CBSNews: Isaac eyes Dominican Republic, Haiti
Chron.com: Residents urged to stay indoors during spraying
ProjectSyndicate: A Global Solutions Network - Great social change occurs in several ways....Our own generation urgently needs to spur another era of great social change. This time, we must act to save the planet from a human-induced environmental catastrophe.
ArcticNews: Record low sea ice area
ArsTechnica: Arctic ice cap set for record-breaking summer melt session
ENENews: Scientists fear increased genetic defects in humans from Fukushima disaster after results of butterfly study
ClimateCentral; Image of Day: Exotic Crops May Become the Norm in UK
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