http://www.mailonsunday.co.uk/sciencetech/article-1031310/How-scientists-bickering...

How scientists are still bickering over whether a blast that flattened
forest was an asteroid or aliens making contact

By Jane Fryer

Last updated at 12:12 AM on 03rd July 2008

At 7.17am on June 30, 1908, a towering column of light, bright as the
sun and blueygold in colour, hovered in the sky above the dense
forests of Siberia.

Minutes later came a blinding flash, a wall of blistering heat, a
pillar of fire and a staggering explosion which flattened trees and
bushes, and burned everything in its path.

'The sky split in two and fire appeared high and wide over the
forest,' a member of the local Evenki tribe remembered.

'The split in the sky grew larger, and the entire northern side was
covered with fire.

'At that moment I became so hot I couldn't bear it, as if my shirt was
on fire. I wanted to tear off my shirt and throw it down, and then the
sky slammed shut. A strong thump sounded and I was thrown a few
yards.'

http://news.yahoo.com/s/ap/20080702/ap_on_re_mi_ea/oil_congress;_ylt=AtKqaNhkwrO...

Iran says any attack would provoke fierce reaction

By GEORGE JAHN, Associated Press Writer

Wed Jul 2, 9:46 AM ET

With Middle East tensions building, Iran's oil minister warned
Wednesday that an attack on his country would provoke an unimaginably
fierce response.

Minister Gholam Hossein Nozari said, however, that Tehran would not
cut oil deliveries and would continue supplying the market even if
struck by Israel or the United States.

Tehran "is not going to be quiet," if attacked, Nozari told reporters.
It's "going to react fiercely, and nobody can imagine what would be
the reaction of Iran," he added.

Over the weekend, the commander of Iran's Revolutionary Guards warned
that Tehran would respond to an attack by barraging Israel with
missiles and could seize control of a key oil passageway in the
Persian Gulf, the Strait of Hormuz.

But a senior U.S. military commander said Wednesday that Washington
would not allow that to happen.

7.3.8 ~ UNCLE WALLY 'S WORLD WAR III NEWZ COMPENDIUM ~ Military strike
on Iran would be 'catastrophic:' Russian ministry

http://www.breitbart.com/article.php?id=080702100331.vhmvywp7&show_article=1

Military strike on Iran would be 'catastrophic:' Russian ministry

Jul 2 06:03 AM US/Eastern

Any military attack on Iran would have a "catastrophic" effect on the
Middle East, a Russian foreign ministry official said Wednesday after
reports that Israel might launch such an attack.
"All this is very dangerous. If force is used it will be catastrophic
for the whole Middle East," the official told journalists on condition
of anonymity.

The official also said Iran was "ready to look seriously at proposals"
presented on June 14 by six world powers aimed at getting the Islamic
republic to suspend uranium enrichment. He called Iran's attitude a
"positive signal."

The comments came after US media reported on June 20 that Israeli jet
pilots had trained for a possible strike on Iranian nuclear sites.

Reducing the number of fat individuals will conserve energy big time...

http://globaleconomicanalysis.blogspot.com/2008/06/deflationary-hurricanes-to-hit...

Deflationary Hurricanes to Hit U.S. and U.K.
Monday, June 30, 2008

Congratulations (of sorts) go to the UK as British household debt is highest in history.

British households are now more indebted than those of any other major country in recorded history, it has emerged.
Families in the UK now owe a record 173pc of their incomes in debts, official figures have shown. The ratio of debt
to income is higher than any other country in the Group of Seven leading industrialised economies, and is sharply
higher than the 129pc of incomes it was five years ago.
Michael Saunders of Citigroup warned that - at 173pc of household incomes - the debt burden is higher even than Japan's
when it peaked in 1990, before more than a decade of deflation. Philip Shaw of Investec said: "Although we take the
view that the economy will avoid a recession, our confidence is ebbing."

Avoid A Recession?

It will be hard for the US and UK to avoid a depression.
What started as a tropical storm called "Subprime" has intensified in magnitude to engulf Alt-A, HELOCs, credit cards,
commercial real estate, municipal bonds, corporate bonds, and the stock market, just as baby boomers are headed for retirement.
If you prefer, you can think of this as Many Hurricanes, Many Eyes.

Barclays Warns Of Financial Storm

Most do not even understand the nature of the storm that is about to hit. Barclays is right at the top of the list. Please
consider Barclays warns of a financial storm as Federal Reserve's credibility crumbles.

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal
Reserve has allowed the inflation genie out of the bottle and let its credibility...

Minyanville
25 Reasons To Remain Cautious
Wednesday July 2, 11:10 am ET
By Bennet Sedacca

http://biz.yahoo.com/minyanville/080702/2008070225reasons2_id.html?.v=2

Editor's note: Minyanville Professor Rob Roy contributed to this
article.

1. Stocks are firmly in a downtrend.

The S&P 500 is down roughly 20%% from the market peak on October 11,
2007.

2. Corporate spreads are rapidly widening.

Investment grade bonds yielded as little as 0.30%% more than U.S.
Treasuries did back in 2003 - but are now as much as 2.30%% above U.S.
Treasury rates.

3. Everyone I know is saying "All is well, buy America."

The crowd is usually wrong at extremes.

4. European equities are taking out the lows of the year.

European large cap stocks are now down more than 28%% after peaking on
June 20, 2007.

"And I hope that you die And your death'll come soon
I will follow your casket On the pale afternoon
And I'll watch while you're lowered Down to your deathbed
And I'll stand o'er your grave 'Til I'm sure that you're dead"

http://www.youtube.com/watch?v=iWkWSLEW-Ds&feature=related

...........you'll probably believe in anything, such as Socialism,
Communism, Environmentilism,
Global Warming, Clintonism, Goreism, Kerryism and even Obamanism.