Midwest Flooding and Word from Animal House
Jun 16, 2010
Some days you wonder if this scene from "Animal House" wasn’t a precursor to our current financial situation. You know, the economic situation that is rapidly recovering. Yeah, that one. Well, here are the top five headlines from Bloomberg’s Web site when I opened it up this morning:
Recovery? Anybody feel like they need a drink to start the day?
Anyone ever feel like we’re getting reassured by this guy?
In another All-Is-Well category, we have flooding. KETV out of Omaha says it is seeing flooding problems that are reminiscent of 1993. Several thousand corn fields, some hog units away on the other side of Iowa, they’re not as concerned. (Remember, ALL IS WELL.) The Keokuk Daily Gate reports that the Army Corps of Engineers isn’t concerned about flooding just yet. To quote the Army Corps spokesperson in the story: “It’s when there is a clear forecast and it rains that you have to worry.” Huh. I tried to play golf Saturday because Friday’s forecast called for a clear day and storms at night. Had to quit after two holes due to torrential downpours. Oh yeah, there was lots of lightning, too.
Meanwhile, 23 of the checkpoints on the Mississippi River are listed above flood stage this morning on Riverguages.com.
With all the talk of superconferences in college athletics, I wonder if we aren’t seeing alliances in the world for supereconomies. It hasn’t worked out too well for Europe, I admit, but it looks like China and India are developing a relationship in the way of food security. China is likely to grant India access to its technology for grain storage and China may begin making investments in Indian agriculture.
BP Out of Brazil
In Brazil, they don’t want BP or the $7 billion the company has offered to drill in the giant offshore oil field that was discovered there a few years ago.