Lion's share of crops to swelter into August

CHICAGO (Reuters) - Heat and drought will continue for the next two weeks in over 60 percent of the U.S. corn and soybean growing region, causing further losses to crop production, an agricultural meteorologist forecast on Tuesday.

"About two-thirds of the belt will remain dry for at least 15 days. There will absolutely be more declines in conditions," said Don Keeney, meteorologist for MDA EarthSat Weather.

Keeney said the northern and eastern Midwest would receive occasional rainfall and temperatures would not be as hot, leading to some improvement in crop prospects there.

"There were a few showers overnight in eastern Wisconsin, eastern Illinois and Michigan, and a few more showers in northeast Indiana and southern Michigan today," he said.

However, "temperatures will move back to 100 degrees Fahrenheit in St. Louis now through Saturday and again next week. There is no break for the central and western Midwest for at least 15 days," Keeney said.

Corn and soybean conditions in the U.S. Midwest deteriorated further last week as the most expansive drought in more than 50 years ate away at crops in major producing states including Iowa and Illinois, government data released on Monday showed.

The U.S. Department of Agriculture rated 24 percent of the corn crop in good-to-excellent condition as of Sunday, and 29 percent of the soybean crop in good-to-excellent shape, both down 2 percentage points from the previous week.

The ratings for each were the worst since the comparable week in 1988, another year of severe drought in the nation's crop-growing mid-section.

A Reuters poll of 10 analysts had expected a 3-percentage-point drop in the corn rating and a 2-point drop in soybeans.

Analysts and crop experts also said further declines in condition ratings could be expected next week because weather is still stressful to each crop.

Commodity Weather Group on Tuesday said the driest areas in the Midwest for the next two weeks would include top corn and soy producing states Illinois and southern Iowa. Major crop producing states Kansas, Missouri and eastern Nebraska also would remain under pressure from the relentless drought.

The southwestern part of the Midwest will continue to be affected not only by dryness but by extreme heat, with highs of 100 F, CWG stated in a note to clients. Additionally, nearly two-thirds of the Delta would see expanding drought, causing losses to soybean, cotton and rice production.

(Reporting By Sam Nelson; Editing by John Picinich)

Source: http://news.yahoo.com/lions-share-crops-swelter-august-122904716.html

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India blackout leaves hundreds of millions without power

NEW DELHI (AP) ? The electricity grid across northern India failed Monday, leaving hundreds of millions of people without electricity in one of the worst power failures of the past decade, officials said.

Hundreds of trains, including New Delhi's massive Metro, were forced to a halt and hospitals shifted to generator power when the country's northern grid crashed about 2:30 a.m. because it could no longer keep up with the huge demand for power in the hot summer. Residents woken from sleep when their fans and air conditioners stopped, came out of their homes in New Delhi's sweltering heat as the entire city turned dark.

By late morning, 60 percent of the power had been restored in the eight northern states affected by the outage, said Power Minister Sushil Kumar Shinde.

The rest should be back to normal by the late afternoon, he said, adding that he was forming a committee to investigate the outage.

The failure was the first time since 2001 that the northern grid had collapsed. But India's demand for electricity has soared since then as its economy has grown sharply.

In addition, a weak monsoon has kept temperatures higher this year, further increasing electricity usage as people seek to cool off. Shivpal Singh Yadav, the power minister in the state of Uttar Pradesh, home to 200 million people, said that while demand during peak hours hits 11,000 megawatts, the state can only provide 9,000 megawatts.

The grid collapsed because some states apparently drew more power than they were authorized to take to meet the summer demand, Uttar Pradesh Power Corporation chief Avnish Awasthi said.

Blackouts are a frequent occurrence in many Indian cities because of a shortage of power and an antiquated electricity grid. At the same time, tens of millions of people living in villages in northern India have no access to the electricity grid at all.

Earlier this month, angry crowds blocked traffic and clashed with police after blackouts in the Delhi suburb of Gurgaon that houses many high-rise apartment blocks and offices. With no power in some neighborhoods for more than 24 hours, people erected blockades that paralyzed traffic for several hours.

Transmission and distribution losses in some states are as much as 50 percent because of theft and connivance of employees in the power industry.

____

Associated Press writer Biswajeet Banerjee contributed to this report from Lucknow, India.

Source: http://news.yahoo.com/major-power-outage-hits-northern-indian-cities-031800371--finance.html

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Criminals abuse New Zealand's liberal company laws

WELLINGTON, New Zealand (AP) ? When American Jeffery Lowrance this month pleaded guilty in federal court to wire fraud and money laundering after running a $25 million Ponzi scheme, he was just the latest in a long list of criminals to take advantage of liberal company laws in New Zealand.

Like other criminals before him, he found that for about $130 and a small amount of online paperwork, he could set up a shell company in New Zealand without stepping foot in the country or having any financial presence. He registered First Capital Savings & Loan to an Auckland address but ran his scheme from Panama.

The World Bank ranks New Zealand as the easiest place in the world to set up a business, a point of pride for the island nation, which seeks to encourage trade and investment. But the system is open to abuse.

In an alarming case two years ago, a New Zealand shell company, SP Trading, leased an airplane that was seized in Thailand while carrying 35 tons of rocket-propelled grenades, surface-to-air missiles and other weaponry. The plane had picked up the cargo in North Korea and was headed for Iran. The crew, four Kazahks and a Belarusian, were incarcerated and charged with possessing weapons.

Soon after that, New Zealand's Companies Office set up risk-profiling teams to scour the company register for suspect companies. Since 2010, they've found 2,600 illegitimate companies, and have been de-listing companies that don't comply with various rules at the rate of more than 1,000 per month. Yet with more than 560,000 companies now registered in New Zealand ? one for every eight citizens ? the database is large and growing.

And in the case of SP Trading, it wasn't until two months ago that the Companies Office finally removed it from its register of legitimate businesses.

The European Union became concerned enough that last year it struck New Zealand from its so-called "white list" of countries that require only minimal customer due diligence for transactions involving financial and credit institutions. Concerned that New Zealand could be prone to money laundering and terrorist financing, the EU reaffirmed this year that New Zealand wouldn't be on the list, which includes Australia, Canada and the U.S.

That's been an embarrassment for the developed nation which is regularly rated among the world's least corrupt.

Last week, New Zealand's Commerce Minister Craig Foss introduced a new bill which he says will tighten the rules by requiring each listed company to have a New Zealand-based agent who will bear some legal responsibility. But even if passed by the parliament, the new law would not come into effect until mid-2013 and would not go far enough to satisfy some critics.

"It's about balance," Foss said in an interview. "We are renowned for our ability to get companies up and running in New Zealand. We need to balance that ease with our obligations to make sure we are doing what we can to stop abuse."

He said the new rules would dovetail with anti-money laundering legislation that is being spearheaded by Justice Minister Judith Collins.

Yet some say New Zealand has yet to get serious about stopping abuse. Financial blog naked capitalism has repeatedly accused New Zealand of playing the equivalent of the arcade game "Whac-a-Mole" by knocking down illegitimate operators as they pop up but not dealing with the systemic problems that give rise to the abuse.

"There are significant gaps in New Zealand legislation, especially concerning the registration and supervision of companies," said Michalis Rokas, the Charg? d'Affaires for the EU delegation in New Zealand.

Rokas said EU member states will likely review whether New Zealand can be added back to the white list if and when the country enacts the proposed new laws.

Alastair Stewart, a spokesman for the Ministry of Business, Innovation and Employment, wrote in an email that authorities are aware that operators like Lowrance are abusing the system and they're undertaking a wide program of work "to further reduce the misuse of New Zealand's-registered companies and protect our international reputation."

Records indicate that Lowrance, who once lived in Houston but was last year extradited by federal authorities from Peru, set up his New Zealand company in early 2007. The Companies Office didn't shut it down until mid-2010, eight months after the U.S. District Court of South Dakota issued a $42 million default judgment against Lowrance.

According to another civil judgment filed in Illinois, Lowrance told his 400-plus victims they would get returns of up to 7 percent each month by investing in his foreign currency trading scheme. In fact, Lowrance kept the money for himself, the judgment says, using some of it to fund an unsuccessful religious newspaper called "USA Tomorrow."

Lowrance's victims included a 78-year-old retired Illinois school teacher and a 77-year-old California woman who sold books and flags on eBay.

Under the terms of his plea deal in the criminal case, Lowrance is due to be sentenced later this year to a maximum 15 years, 8 months in prison.

Source: http://news.yahoo.com/criminals-abuse-zealands-liberal-company-laws-020944206--finance.html

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Cellular Phone Insurance Or Car Repairs For Nokia Mobile Handsets

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Source: http://artyapt.com/blog/cellular-phone-insurance-or-car-repairs-for-nokia-mobile-handsets-other-brandnames-2/

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Acting Green vs. Buying Green

The following is a guest post from Jaclyn at eLocal.com.

As we work to enhance the health of our environment, there are two options to consider: do you act green or buy green in your home?

For example, you can shorten the length of your shower or use fewer lights ? or you can just update your appliance to low-flow, energy efficient appliances. By updating the products in your home, you do not have to change your lifestyle.

This infographic compares the two choices.

How do you practice living green in your home?

Jaclyn is a content marketing specialist at eLocal.com where she works primarily with infographics. eLocal?s design team creates compelling infographics ranging from legal topics to home improvement

This post may contain a link to an affiliate. See my disclosure policy for more information.

Source: http://thehappyhousewife.com/home-management/acting-green-vs-buying-green/

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Source: http://clubmalus.com/jackjones/blog/jordan-high-heels-2012-ncaa-tournament-2016/

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