Barack Obama
The worst drought in more than 40 years intensified across Texas over the last week, with high winds and heat causing "massive crop losses," with little relief in sight, according to weather experts Thursday.
A report released Thursday from a consortium of national climate experts, dubbed the Drought Monitor, said drought worsened along the Texas border with Oklahoma, and in western, central and southern Texas.
Ranchers were struggling to feed and water cattle, and farmers were left to watch their crops shrivel into the dusty soil. Some experts estimated that producers were giving up on as much as 70 percent of the state's wheat acreage.
Of course Barack Obama is NOT the cause of Tornadoes, but his claim that with him as President the Planet would heal, has the same probability that the United States will heal economically.
“The worst tornadoes to hit parts of the United States in decades have left 45 people dead, stripping roofs off houses and tossing mobile homes into the air like toys.
Though more fatalities occurred in tornado outbreaks in 2008 (57) and 1985 (76), experts believe this weekend could have set a new record for the number of twisters over a three-day period.
More people sought unemployment benefits last week, the second rise in three weeks, a sign of the slow and uneven jobs recovery.
Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending April 23, the Labor Department said Thursday. That's the highest total since late January.
Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.
"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."
Economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending and sent inflation rising at its fastest pace in 2-1/2 years.
Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic uncertainty.
The Dollar Index tumbled 0.6 percent at 4:10 p.m. New York time after slumping to 72.871, an almost three-year low. It declined for an eighth straight day, its longest slump since 2009.
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