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It’s what we expect as shoppers—what’s in the food will be displayed on the label. But a new scientific examination by the non-profit food fraud detectives the U.S. Pharmacopeial Convention (USP), discovered rising numbers of fake ingredients in products from olive oil to spices to fruit juice. “Food products are not always what they purport to be,” Markus Lipp, senior director for Food Standards for the independent lab in Maryland, told ABC [...] Many new, unusual state laws will take effect when the ball drops at midnight and millions of Americans ring in the New Year, including one that will limit the number of cats in a household. Turns out 2013 will be unlucky for cat lovers in Wellington, Kan., where the city will be restricting the number of cats in a household to no more than four. The law was put in place after 231 cats were [...] The nation’s oldest nuclear plant declared an alert and a second plant just 40 miles from New York City was forced to shut down power as five different nuke plants in Hurricane Sandy’s path experienced problems during the storm. Indian Point in Buchanan, New York, on the Hudson River north of New York City, automatically shut power to its unit 3 on Monday night “as a result of an electrical grid [...] This guys stole 1100 gallons of gas from a Shell Station over a few days. If he was that smart he should have disconnected the security camera! http://gma.yahoo.com/blogs/abc-blogs/4-500-gas-siphoned-latest-calif-pump-heist-122542693–abc-news-topstories.html With the price of gas in California reaching record highs, thieves are increasingly targeting gas tankswith the most recent heist siphoning more than $4,500 from a gas station over a span of three days. Police in Roseville, Calif., have arrested a man for allegedly stealing more than 1,100 gallons of [...] Going to the department of motor vehicles can put a frown on anyone’s face, but for New Jersey residents, smiling is officially against the rules. The New Jersey Motor Vehicle Commission has cracked down on drivers smiling in their driver’s license photos because their smiles could interfere with new facial recognition software. New Jersey resident Velvet McNeil told the Philadelphia Inquirer Thursday that when she went to get her license at her [...] The British government confirmed Tuesday that it had placed missile batteries at six sites around London in advance of the upcoming Summer Olympics, including atop two apartment buildings where residents had previously expressed reservations about hosting the anti-aircraft weapons. “Whilst there is no reported threat to the London Olympics,” said Defense Secretary Phillip Hammond in a statement, “the public expects that we put in place a range of measures [...] The al Qaeda affiliate in Somalia has mocked the new $33 million bounty on its top leaders heads by offering its own bounty forPresident Obama and Secretary of State Hillary Clinton – 10 camels for Obama and 20 chickens for Clinton. “Anyone who helps the Mujahideen find the whereabouts of Obama and Hillary Clinton will be rewarded with 10 Camels to the information leading to Obama and 10 hens and 10 cocks for Hillary,” said senior Shabaab commander Fuad [...] A group of high school students may have come close to Bigfoot during a class project in the Idaho wilderness. http://gma.yahoo.com/blogs/abc-blogs/bigfoot-spotted-idaho-150527313–abc-news-topstories.html A Chinese company is creating some buzz online for naming its sunglasses line for Helen Keller, the deaf and blind American woman who became an advocate for people with disabilities. In a commercial for the eyewear, a stylish woman steps off a plane and walks past a long line of waiting photographers. They initially do nothing, but when she puts on the Helen Keller glasses they feverishly begin to take [...] Gold’s biggest slump in three years means traders and analysts are now the most bullish in three months, speculating that Europe’s debt crisis, slowing growth and a bear market in equities will drive demand for bullion. Twenty-two of 25 people surveyed by Bloomberg expect the metal to rise next week, the highest proportion since mid-July. Prices rebounded 8.3 percent since reaching a two-month low at the [...] J.P. Morgan has emerged as one of the biggest beneficiaries of the commodities boom sweeping Wall Street. The bank’s commodities unit—which employs about 1,800 people, more than any of its rivals—made more money during the first quarter than through all of last year, according to people familiar with the matter. So far this year, the unit has earned roughly $750 million and is on course [...] by Woodman I’m actually noticing open discussion in the mainstream media that the proposed budget cuts don’t go nearly enough; the information is clear, but the average person doesn’t seem to be taking it seriously or taking time to understand it. Perhaps not enough pain has been felt yet. “Deficit is biggest as share of economy since 1945 WASHINGTON (AP) — Not since World War II has the federal [...] “His wife and three children were hungry, tired and tense. There was just over $17 (100 pounds) in their apartment, and no way to borrow more. Then a chilling call came Tuesday night. “The guy asked me, ‘Zaki, you haven’t worked for a week, right? You don’t have money?’” Abdel-Aziz, 45, recalled. “He said, ‘Come out tomorrow and you’ll get 100 pounds and a bag of [...] http://finance.yahoo.com/news/As-Markets-Soar-Theyre-cnbc-680186283.html?x=0&sec=topStories&pos=4&asset=&ccode= Now that the Federal Reserve has crossed the Rubicon into its next round of monetary stimulus, the only question for investors Thursday seemed to be what’s next. Markets reacted jubilantly to the Wednesday announcement that the Fed would be adding another $600 billion to its $2.3 trillion balance sheet. Stocks in both US and foreign markets soared as did commodities, while Treasury prices, particularly in [...] Howard Davidowitz: U.S. Economy “Is a Complete Disaster” The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. Davidowitz lays much of the blame for the economy’s woes at the feet of the Obama administration, which he calls “the worst of my lifetime.” Obama “Mr. [...] http://finance.yahoo.com/tech-ticker/the-housing-%22recovery%22-is-just-another-government-subsidy-says-whalen-487811.html?tickers=xhb,^dji,^gspc,dia,spy,hd,len&sec=topStories&pos=9&asset=&ccode= In recent months, that recovery has started to wane, but in many parts of the country, prices are still higher than they were a year ago. And that’s welcome news for anyone who owns a house, makes their living selling or building houses, or is underwater on their mortgage. But it’s all a mirage, says Chris Whalen, managing director at Institutional Risk Analytics. Or, more accurately, it’s all a product [...] Unlike a stimulus package, this money does absolutely nothing to promote economic growth. This is the same nonsense that the the Obama administration pulled, so they could pay off all the unions. This is absolutely wasted money, and outright theft by the Greek government. Just wait and see, as Portugal, Spain, and probably Italy as well come forward to “tear their lion’s share from the carcass.” This rally is an [...] The nation’s big banks have found the key to success while they wait for the economy to recover: aggressive trading of investments including bonds, currencies and commodities. But they may also be heading toward making money on loans again. The big banks that have released earnings over the past week all reported improvements in their consumer loan portfolios. Banking executives had been conservative about their views on the economy and predicting a [...] If one man has born the brunt of the outrage over the Wall Street bailouts over the past 18 months, it’s Treasury Secretary Tim Geithner. And this criticism, says Mark Dow of Pharo Management, is wholly undeserved. On the contrary, says Dow, Tim Geithner is a “hero.” A former Treasury official himself, Mark Dow argues that Tim Geithner, Federal Reserve Chairman Ben Bernanke, former Treasury Secretary Hank Paulson, and the other [...] http://finance.yahoo.com/news/Feds-emergency-loans-decline-apf-2543812065.html?x=0&sec=topStories&pos=4&asset=&ccode= “The Fed reported Thursday that daily borrowing from its emergency loan program averaged $10.75 billion for the week that ended Wednesday. That is down by $739 million from the $11.49 billion average borrowing in the previous week. At the height of the financial crisis, emergency borrowing from the Fed’s discount window exceeded $100 billion a day. Federal Reserve Chairman Ben Bernanke told Congress that low interest rates are still needed to bolster [...] |
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