Category: Black Horse

Latest GDP report shows US economy grew 2.6%, but recession risks loom

Call it the calm before the storm.

After shrinking the first half of the year, the U.S. economy rebounded from July through September despite inflation that has hovered near a 40-year high and sharply rising interest rates. But the performance likely marked reprieve ahead of next year’s projected recession rather than a sign of brighter outlook.

The solid showing was fueled by a more favorable trade balance and modest rises in consumer and business spending, offsetting another plunge in housing construction and weaker business stockpiling.

“The U.S. economy is undeniably cooling,” Gregory Daco, chief economist of EY-Parthenon, wrote in a note to clients.

The nation’s gross domestic product, the value of all goods and services produced in the U.S., grew at a seasonally adjusted annual rate of 2.6% in the third quarter, the Commerce Department said Thursday. Bloomberg had forecast a 2.3% rise in output.

Read more at: www.usatoday.com

Powerful M6.8 earthquake kills one in Michoacan, Mexico just three days after a M7.6 shook the same area, killing two

Strange Sounds – September 22, 2022

A powerful earthquake with a preliminary magnitude of 6.8 struck Mexico early Thursday, causing buildings to sway and leaving at least one person dead in the nation’s capital.

The earthquake struck shortly after 1 a.m., just three days after a 7.6-magnitude earthquake shook western and central Mexico, killing two.

The U.S. Geological Survey said Thursday’s earthquake, like Monday’s, was centered in the western state of Michoacan near the Pacific coast.

The epicenter was about 29 miles (46 kilometers) south-southwest of Aguililla, Michoacan, at a depth of about 15 miles (24.1 kilometers).

Michoacan’s state government said the quake was felt throughout the state.

It reported damage to a building in the city of Uruapan and some landslides on the highway that connects Michoacan and Guerrero with the coast.

President Andrés Manuel López Obrador said via Twitter that it was an aftershock from Monday’s quake and was also felt in the states of Colima, Jalisco and Guerrero.

Mexico City Mayor Claudia Sheinbaum said via Twitter that one woman died in a central neighborhood when she fell down the stairs of her home.

The earthquake rattled an already jittery country.

Monday’s more powerful quake was the third major earthquake to strike on Sept. 19 — in 1985, 2017 and now 2022.

https://strangesounds.org

Brace Yourself: Food Shortages Will Be a Reality in the West This Winter

Stacey Lennox – September 07, 2022

Because most people don’t know a farmer personally anymore, everyone should realize that they don’t make piles of money producing our food. A good year can be followed by three bad ones, and 2022 has been a burden. Between record heat waves in the U.S. and abroad, droughts in the middle of the country, fertilizer shortages, and rising costs for just about every farm input, many American farms are on the brink. Everyone will feel the pinch in continued food price increases and shortages at the store.

As bad as the agricultural outlook is in America, it is far worse in Europe. The dedication to a green energy suicide pact on the continent is colliding with the news Russia will not ship any fossil fuels until the West lifts sanctions. The skyrocketing energy prices have farmers leaving crops in the fields to die.

Norway’s largest vegetable producer is also considering storing the vegetables on the field for as long as possible beyond the autumn. It will be too expensive to store and cool the vegetables in the usual way. One carrot producer is already beyond the appropriate harvest time and believes his harvest will only be good for “pig fodder.”

Nearly every Western nation is proposing ways to control nitrogen emissions. Nitrogen is essential to plant growth. Even if a grower uses hydroponic systems, the plant food in the water contains nitrogen. I plant peas every fall in my own garden to nitrogen-fix the soil. Elites in Davos and the EU believe they have the solution to make agriculture more environmentally friendly. Their arrogance leads to a 21st century Lysenkoism that is anti-science and pro-scarcity.

And American farmers won’t escape the green power grab. The “Inflation Reduction Act” puts farmers under the control of the EPA to govern nitrogen emissions. Additionally, it allocates $20 billion to fund “climate-smart agricultural practices.” News from Europe helps us to predict how bureaucrats will use this money. Regulators will spend it reducing meat production further, especially beef, and lowering food output by restricting fertilizer and energy from fossil fuels.

Farmers are the most conservation-minded people alive because their livelihood depends on it. Yet, no Western government seems at all interested in listening to them.

https://pjmedia.com

China earthquake death toll rises to 82

Space Daily – September 8, 2022

The death toll from a strong earthquake that struck southwest China rose to 82, state media reported Thursday, as rain and possible mudslides threatened the search for dozens of missing people.

The magnitude 6.6 quake hit about 43 kilometres (26 miles) southeast of the city of Kangding in Sichuan province at a depth of 10 kilometres on Monday, according to the US Geological Survey, forcing thousands to be resettled into temporary camps.

State broadcaster CCTV said that 46 people died in Ganzi prefecture near the epicentre, while 36 deaths were reported in neighbouring Ya’an city.

More than 270 were injured, while the number of missing remained at 35, CCTV reported.

The national weather service said moderate rain will continue in the affected earthquake area on Thursday and Friday, with some localised heavy showers.

“Since the post-earthquake geological conditions are inherently fragile, and the impact of additional rainfall may lead to landslides and mudslides, the local area needs to beware of secondary disasters,” China’s meteorological administration said.

The People’s Liberation Army, paramilitary police, and fire rescue services dispatched more than 10,000 workers to the area, who continued search operations and landslide clean-up efforts in the remote countryside.

https://www.spacedaily.com

Europe has now entered its worst drought in 500 years

– August 28, 2022

Europe is facing its worst drought in 500 years, with two-thirds of the continent under a “warning” or “alert,” a study by the European Commission has discovered.

Preliminary data from the European Drought Observatory found that 47% of Europe is under warning conditions, meaning the soil has a clear deficit of moisture. An additional 17% of the continent is in a state of alert, meaning vegetation is under stress.

Across Europe, hot, dry conditions have threatened livestock and increased crop failure. According to the report, grain yields are expected to fall 16% below the average for the past five years. Forecasts for soybean and sunflower yields are also set to fall by 15% and 12%, respectively.

“The severe drought affecting many regions of Europe since the beginning of the year has been further expanding and worsening as of early August,” the report said.

Countries along Europe’s Mediterranean coast, such as Italy, France, and Spain, are likely to see warmer and drier conditions until November. Mariya Gabriel, research commissioner for the European Union, said the ongoing heat waves and water shortages have created “unprecedented stress on water levels in the entire EU.”

Gabriel added: “We are currently noticing a wildfire season sensibly above the average and an important impact on crop production. Climate change is undoubtedly more noticeable every year.” The report also warned that most of Europe’s rivers have seen a drop in water level, with riverbeds in Germany and France drying up.

Sections of Germany’s River Rhine have completely dried up, disrupting shipping in the country’s most important inland waterway. German officials told CNN on Aug. 12 that levels of water in the river had fallen “exceptionally low.”

Receding water levels have uncovered artifacts from below the depths, including shipwrecks, world war relics and “hunger stones” — rocks placed throughout the centuries to mark water levels during historic droughts — inscribed with warnings to future generations. (Yahoo News)

https://endtimeheadlines.org

China: Yangtze River dries up, revealing 600-year-old Buddhist statues during the most severe heatwave ever recorded in the world

Strange Sounds – August 25, 2022

Heatwave in China is the most severe ever recorded in the world

Low rainfall and record-breaking heat across much of China are having widespread impacts on people, industry and farming. River and reservoir levels have fallen, factories have shut because of electricity shortages and huge areas of crops have been damaged. The situation could have worldwide repercussions, causing further disruption to supply chains and exacerbating the global food crisis.

People in large parts of China have been experiencing two months of extreme heat. Hundreds of places have reported temperatures of more than 40°C (104°F), and many records have been broken. Subway stations have set up rest areas where people can recover from the heat.

On 18 August, the temperature in Chongqing in Sichuan province reached 45°C (113°F), the highest ever recorded in China outside the desert-dominated region of Xinjiang. On 20 August, the temperature in the city didn’t fall below 34.9°C (94.8°F), the highest minimum temperature ever recorded in China in August. The maximum temperature was 43.7°C (110.7°F).

It is the longest and hottest heatwave in China since national records began in 1961. According to weather historian Maximiliano Herrera, who monitors extreme temperatures around the world, it is the most severe heatwave recorded anywhere.

“This combines the most extreme intensity with the most extreme length with an incredibly huge area all at the same time,” he says. “There is nothing in world climatic history which is even minimally comparable to what is happening in China.”

Together with the extreme heat, low rainfall in parts of China has led to rivers falling to low levels, with 66 drying up completely. In parts of the Yangtze, water levels are the lowest since records began in 1865. In a few places, local water supplies have run out and drinking water has had to be trucked in. On 19 August, China announced a national drought alert for the first time in nine years.

Hydroelectricity generation has fallen because of the low water levels. Sichuan has been especially affected because it normally gets 80 per cent of its electricity from hydropower. Thousands of factories in the province have had to cease operations because of electricity shortages amid high demand for air conditioning. Offices and shopping malls were also told to reduce lighting and air conditioning to save power.

https://strangesounds.org

Drought Impacts Both The Food and Energy Supply

– August 17, 2022

Low water levels in the Western states are causing a problematic crop yield. But they also impact our energy supply and push the power grid to the brink.

When temperatures rise and water levels drop, the energy sector gets squeezed hard. The consequences of water shortages are playing out now in swaths of the American West, where an expansive, decades-long drought is forcing drastic cuts in hydroelectric power generation. At the same time, exceptional heat has pushed energy demand to record highs.

According to a report by Vox, the flow of water is critical to the flow of electrons and heat. About 40 percent of water withdrawals — water taken out of groundwater or surface sources — in the United States go toward energy production. The large majority of that share is used to cool power plants. In turn, it requires energy to extract, purify, transport, and deliver water.

The United Nations Environment Programme warned this month that if drought conditions persist, the two largest hydroelectric reservoirs in the US — Lake Mead and Lake Powell —could eventually reach “dead pool status,” where water levels fall too low to flow downstream. Lake Mead fuels the Hoover Dam, which has a power capacity topping 2,000 megawatts while Lake Powell drives generators that peak at 1,300 megawatts at the Glen Canyon Dam.

This is all going to compound into a major problem that we are all going to be facing in the coming months, as the cold weather approaches.

“Water supplies for agriculture, fisheries, ecosystems, industry, cities, and energy are no longer stable given anthropogenic climate change,” Camille Calimlim Touton, commissioner of the Bureau of Reclamation, told Congress in June.

Almost all crops are under a threat of a horrifically low yield. A lack of water and extreme heat is making farming incredibly difficult, if not impossible.

https://www.shtfplan.com

Horrifying drought causing widespread crop failures throughout the United States and Europe

ETH – Aug 11, 2022

(OPINION) We really are reaching a major crisis point. Thanks to soaring fertilizer prices, insane weather patterns, and the war in Ukraine, global food supplies have been getting tighter and tighter. So we really needed a banner year for agricultural production in both the United States and Europe in 2022, and that is not going to happen.

In fact, unprecedented drought is absolutely devastating crops all over the northern hemisphere. A lot of people are complaining about how high food prices are right now but just wait. If some sort of a miracle doesn’t happen, agricultural production is going to be way below expectations in both the United States and Europe, and that is going to have very serious implications for 2023.

Let me start by talking about the nightmare that is starting to unfold in Europe. According to CNN, it is now being projected that farmers in Italy have lost “up to 80% of their harvest” because the drought has become so severe… In Italy, farmers in some parts of the country have lost up to 80% of their harvest this year due to severe weather anomalies, the Coldretti farming association said Thursday.

How are those farmers going to survive? Many farmers in France are facing similar losses because they have only been receiving a fraction of the rainfall that they normally get… In France, where an intense drought has hammered farmers and prompted widespread limits on freshwater use, there were just 9.7 millimeters (0.38 inches) of rain last month, Meteo France said.

That was 84 percent down on the average levels seen for July between 1991 and 2022, making it the driest month since March 1961, the agency added. Crop failures in France would be a really, really big deal because France is normally “the fourth-largest exporter of wheat” in the entire world…

France is the fourth-largest exporter of wheat and among the top five exporters of maize globally. Poor harvests due to drought may heap further pressure on grain supplies after Russia’s invasion of Ukraine caused global shockwaves. The situation in Germany is also extremely dire.

https://endtimeheadlines.org

Driest July in memory imperils Europe’s crops

Patrick GALEY – August 3, 2022

As much of Europe bakes in a third heatwave since June, fears are growing that extreme drought driven by climate change in the continent’s breadbasket nations will dent stable crop yields and deepen the cost-of-living crisis.

The European Commission on Wednesday urged EU member states to re-use treated urban wastewater as irrigation on the continent’s parched farms, after France and parts of England saw their driest July on record.

In France, where an intense drought has hammered farmers and prompted widespread limits on freshwater use, there was just 9.7 millimetres (0.38 inches) of rain last month, Meteo-France said.

That was 84 percent down on the average levels seen for July between 1991 and 2022, making it the driest month since March 1961, the agency added.

The southwestern region of Gironde, already devastated by last month’s wildfires, saw a maximum temperature of 39.6 degrees Celsius (103 degrees Fahrenheit) on Wednesday, with Meteo-France predicting a peak on Thursday.

Animals, including lions and monkeys, evacuated two weeks ago due to the blazes there returned to their zoo on Wednesday.

Farmers nationwide are reporting difficulties in feeding livestock because of parched grasslands, while irrigation has been banned in large areas of the northwest and southeast due to freshwater shortages.

Environment Minister Christophe Bechu said July’s rainfall represented “just 12 percent of what’s needed”.

https://www.seeddaily.com

Massive quake in Philippines has killed 5 and injured dozens, destroyed homes and structures

ETH – July 27, 2022

A strong earthquake set off landslides and damaged buildings in the northern Philippines on Wednesday, killing at least five people and injuring dozens. In the capital, hospital patients were evacuated and terrified people rushed outdoors.

The 7-magnitude quake was centered in a mountainous area of Abra province, said Renato Solidum, the head of the Philippine Institute of Volcanology and Seismology, who described the midmorning shaking as a major earthquake.

“The ground shook like I was on a swing and the lights suddenly went out. We rushed out of the office, and I heard screams and some of my companions were in tears,” said Michael Brillantes, a safety officer of the Abra town of Lagangilang, near the epicenter. “It was the most powerful quake I’ve felt and I thought the ground would open up,” Brillantes told The Associated Press by cellphone.

At least five people died — mostly in collapsed structures. One villager died when hit by falling cement slabs in his house in Abra, where dozens of others were injured. In Benguet province, a worker was pinned to death after a small building that was under construction collapsed in the strawberry-growing mountain town of La Trinidad.

Hundreds of houses and buildings had cracked walls, including some that collapsed in Abra, where President Ferdinand Marcos Jr., who took office less than a month ago, planned to travel Thursday to meet victims and local officials.

Marcos Jr. told a news conference he was in his office at the riverside Malacanang presidential palace complex when the chandeliers began swaying and making clanking sounds. “It was very strong,” he said of the ground shaking.

In a chilling near-death experience, Filipino photojournalist Harley Palangchao and companions were traveling downhill in two vans in Mountain Province when they suddenly heard thunder-like thuds and saw an avalanche of boulders as big as cars raining down just ahead of them from a towering mountain.

https://endtimeheadlines.org