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Consumer Corner: Foreclosure settlement no magic bullet for economy
WASHINGTON, June 29 (UPI) -- Progress in the U.S. corn crop remains far behind its historic average, as the corn cobs enter the silking stage, the U.S. Department of Agriculture said.
In the previous five seasons, the 18 largest corn-producing states have averaged 8 percent of the crop at the silking stage by this time of year. Only 4 percent of this year's crop has reached that stage so far this year.
A 4 percentage point difference may sound negligible, but historically eight states at this time of year report silking at 10 percent or better. This year, following a slow, rainy planting season, three states -- North Carolina, Texas and Tennessee -- are the only ones reporting 8 percent or more of the acreage planted has reached the silking stage.
The winter wheat harvest is near its historic average with 40 percent harvested, compared with an average of 46 percent the past five years.
The weekly crop progress report said 93 percent of the corn crop was in fair to excellent condition. The 18 largest winter wheat-producing states report 72 percent of the crop is in fair to excellent condition.
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BRUSSELS, Feb. 13 (UPI) --
The original plans for the Nabucco natural gas pipeline are likely outdated since Turkey has plans for an alternative route, an analyst said.
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SAN DIEGO, Feb. 13 (UPI) --
Northrop Grumman reports it will work on the second phase of the U.S. Navy project to deploy new tactical computing network systems aboard ships.
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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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