with Barack Obama

U.S. poverty heads toward highest level in 50 years

http://www.chicagotribune.com/business/breaking/chi-us-poverty-heads-toward-highest-level-in-50-years-20120723,0,5201600,full.story

Euro shorts smell blood

USD1.2000 level should be watched. And if that happens, interest rates for Germany, Holland and Finland are bound to rise into positive territory.

http://www.24hgold.com/english/news-gold-silver-euro-shorts-smell-blood.aspx?article=3991727478G10020&redirect=false&contributor=Alasdair+MacLeod&mk=1

Federal Government's Debt Jumps More Than $1 Trillion for 5th Straight Fiscal Year

By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.

Prior to fiscal 2008, the federal government had never increased its debt by as much as $1 trillion in a single fiscal year. From fiscal 2008 onward, however, the federal government has increased its debt by at least $1 trillion each and every fiscal year.

The federal fiscal year begins on Oct. 1 and ends on Sept. 30. At the close of business on Sept. 30, 2011—the last day of fiscal 2011—the total debt of the federal government was $14,790,340,328,557.15. By June 29, the last business day of the third quarter of fiscal 2012, that debt had grown to $15,856,367,214,324.44—an increase for this fiscal year of $1,066,026,885,767.29.