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A Crack In The Stock Market’s Foundation Is Getting Bigger Here’s a metric we’ve been following with interest for the last several weeks. It’s earnings growth expectations, which have been falling on a weekly basis. Earnings and earnings expectations are arguably the most important drivers of the stock market. “Since the end of the fourth quarter (December 31), analysts have also reduced earnings growth expectations for Q1 2013 (to 0.1% from 2.4%) and Q2 2013 (to [...] BOSTON - Massachusetts Gov. Deval Patrick declared a state of Click here for a list of school closings from FOX 25 As by Michael It is hard to put into words the absolute devastation that we are seeing along many areas of the east coast right now. Boats have been washed ashore, homes have been razed, some coastal roads have been essentially destroyed, and large numbers of people are still trapped in their homes by flood waters. It is being reported that at least 39 people are dead and more than 8 million [...] Tropical Depression five formed over the Atlantic Ocean at approximately 5 p.m. EDT on Wednesday. The depression could strengthen into Tropical Storm Ernesto by early Friday near the Windward Islands, according to AccuWeather.com Meteorologist Andrew Mussoline. If formed, Ernesto will produce winds in excess of 40 mph, a storm surge of 1 to 3 feet and heavy, flooding rains. “Strong wind shear, an inhibitor of tropical development, will limit the potential for rapid [...] From Cape Hatteras, N.C., to just north of Boston, sea levels are rising much faster than they are around the globe, putting one of the world’s most costly coasts in danger of flooding, government researchers report. U.S. Geological Survey scientists call the 600-mile swath a ‘hot spot’ for climbing sea levels caused by global warming. Along the region, the Atlantic Ocean is rising at an annual rate three times to four [...] Melissa Phillip Chronicle Pilings from a 2-mile-long abandoned railroad trestle that crosses Lake Houston are now visible. Houston Police Lake Patrol officer Gary Crawford readies them for removal on Wednesday. Along the shores of Lake Houston and Lake Conroe, many landlocked boat docks lead to nowhere while grassy islands and sandbars sprout where water once flowed. Pieces of an old [...] Flood berm collapsed at Nebraska nuclear plant – A berm holding back floodwater at the Fort Calhoun Nuclear Station has collapsed. The U.S. Nuclear Regulatory Commission says it’s monitoring the Missouri River flooding at the plant, which has been shut down since early April for refueling. The 2,000-foot berm collapsed about 1:30 a.m. Sunday, allowing the swollen river to surround two buildings at the [...] Visit msnbc.com for breaking news, world news, and news about the economy MINOT, N.D. — North Dakota’s fourth-largest city, already bracing for record flooding, learned late Thursday that the Souris River is rising faster than forecast. “The water is coming in deeper and faster than was expected,” North Dakota Gov. Jack Dalrymple said. The U.S. Army [...] MINOT, N.D. – North Dakota authorities expanded an evacuation order Thursday for the state’s fourth-largest city, citing danger from the rising Souris River. It wasn’t immediately clear how many residents were affected. National Guard Capt. Dan Murphy said officials were still examining maps and planned to release more information later. “The bottom line is they’re just trying to get everybody out of the area where they think [...] At a late Sunday afternoon press briefing, Col. Vernon Reichling of the U.S. Army Corps of Engineers said the Mississippi River in Memphis, usually a half-mile wide, now measures 3 miles across. Reichling said he expected the river to crest Tuesday at 48 feet, just below the record set in 1937 of 48.7 feet; it is the first time the Mississippi River has exceeded even 41 feet since that record [...] |
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