• Most Popular
  • Most Shared
A shopper browses the bread section at a Wal-Mart store in Santa Clarita, California April 1, 2008. REUTERS/Mario Anzuoni

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Tropical depression less likely in Atlantic: NHC

NEW YORK
Tue Jul 15, 2008 7:55am EDT

NEW YORK (Reuters) - The U.S. National Hurricane Center said Tuesday environmental conditions were becoming less favorable for the low-pressure system about 950 miles east of the Lesser Antilles to develop into a tropical depression.

U.S.  |  Science  |  Cuba

But the NHC noted the system still has the potential to become a tropical depression within the next day or so.

On Monday and early Tuesday, the NHC said the system could develop into a tropical depression over the next day or so.

Earlier Tuesday, the NHC said the system was moving westward at about 15 miles per hour across the Central Atlantic.

If it strengthens into a tropical storm, with winds of 39 to 73 mph, the NHC will name it Cristobal.

Weather models forecast the system will cross the Lesser Antilles and reach the central or western Caribbean Sea south of the Greater Antilles over the next five days or so.

The Lesser Antilles include the Caribbean Islands from the Virgin Islands south to Trinidad.

The Greater Antilles include Cuba, Jamaica, Hispaniola and Puerto Rico.

Energy traders watch for storms that could enter the Gulf of Mexico and threaten U.S. oil and gas production facilities.

Commodities traders also watch storms that could hit agriculture crops like citrus and cotton in Florida and other states along the Gulf Coast.

(Reporting by Scott DiSavino; Editing by John Picinich)



More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

 A picture of an arrow in this file photo. REUTERS/File

The coming Great Inflation

Real or imagined, Americans have plenty of things to worry about. Should inflation be one of them?  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article