GARLAND, Texas – A fire has erupted at a chemical plant in a suburban Dallas industrial district.
GARLAND (CBSDFW.COM) – There has been an explosion and subsequent massive fire at the Nexeo Solutions plant in Garland. Nexeo Solutions, LLC distributes chemicals, plastics, and composites and also offers environmental services.
Representatives from the Environmental Protection Agency (EPA) are on location in the 3100 block of Wood Drive, and are monitoring air quality in the area. Thus [...]
Mummies found off the coast of Scotland are Frankenstein-like composites of several corpses, researchers say.
This mixing of remains was perhaps designed to combine different ancestries into a single lineage, archaeologists speculated.
The bodies were first unearthed in 2001 during excavations beneath the foundations of an approximately 3,000-year-old house on South Uist, an island in the Outer Hebrides off the west coast of Scotland. The building was one of three roundhouses [...]
Following the now long-gone LTRO induced risk ramp through March, many of the C-grade economists out there predicted that housing would bottom in March (this time for real) and it would be smooth sailing from there. Alas, the just released March Case Shiller data puts this latest speculation very much in doubt (once again), following a miss of consensus expectations in the Top 20 Composite of a 0.20% increase, printing [...]
There was a brief media firestorm yesterday when Vanity Fair broke the news that Obama’s famous “New York girlfriend” was a fiction. She appears in his 1995 memoir, Dreams From My Father, described in some detail by her appearance, voice and mannerisms. But a new biography of Obama – with an excerpt published in Vanity Fair – “reveals” that she was actually an amalgam of several different women. Politico immediately ran with [...]
Wednesday, February 1, 2012
My slogan is “analyzing the news to give you a clear picture of what’s really going on.” So, I spend a significant amount of time watching news on TV and the Internet and even the good old fashioned newspaper.
If you only got your news from the mainstream media (MSM), it’s easy to understand whyso many people think the economy is not all that bad. For example, yesterday, I [...]
How does the current recovery compare to those of the past? The following charts from the Council on Foreign Relations puts the current (un)recovery in context and despite some apparently bright news recently, the pictures underline the economy’s weakness since the NBER’s recovery began in June 2009.
The x-axis shows the number of months since the end of the recession. The dotted lines are composites of prior recoveries representing the weakest and strongest experiences [...]
John Hussman continues to press the case for imminent recession, based on his own brew of factors that he looks at.
In his post, he takes aim at critics who have taken aim at him and the ECRI (which is also calling for recession), and though he doesn’t name them by name, there’s a good chance he’s referring to Jeff Miller at A Dash Of Insight, who has been writing a lot about recession forecasters.
So going [...]
The Home Price Index came at 140.86 compared to 142.42 previously. Basically the double dip refuses to stop, and that even despite yesterday’s “stunning”(ly irrelevant) pending home sales number.“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s. [...]
This was confirmed by the latest Case Shiller data, according to which the 10- and 20-City Composites posted annual rates of decline of 1.2% and 2.4%, respectively. The 20 City Composite printed at 142.16, the lowest since June 2009 when it was 141.75. Luckily, NAR’s now completely disgraced Larry Yun is nowhere to be found in this release, from which we quote: “Data through [...]