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Consumer Corner: Foreclosure settlement no magic bullet for economy
WASHINGTON, Aug. 13 (UPI) -- The U.S. Agriculture Department predicts U.S. growers will harvest the biggest corn crop on record, a report said Wednesday.
Big soybean and wheat crops are also expected, the Wall Street Journal reported.
The worst dry spell and heat wave in decades is slashing the potential size of the European Union's grain harvests, potentially reducing the competition faced by U.S. wheat exporters.
In a flood of monthly updates Tuesday on the farm economy, government economists also raised their 1-month-old estimates for the prices U.S. farmers will receive for their corn, wheat, soybeans, rice, cattle, hogs and milk.
While the U.S. farm economy has many moving parts, making a broad outlook difficult, the reports suggest that the U.S. farm belt's recovery from a five-year-long recession is gathering steam.
"The reports, on balance, suggest a stronger farm economy," said Keith Collins, USDA Chief Economist.
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WASHINGTON, Feb. 14 (UPI) --
U.S. environmental activists said they gathered more than 500,000 signatures expressing opposition to the Keystone XL pipeline.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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