International

"Price-of-Bread Alert" -- Market Sees Climate-Driven Wheat-Harvest Shortfall

"Global wheat crops are taking it on the chin, thanks to a drought and fires in Russia, too much rain in Canada, and locusts in Australia. Prices are at levels not seen in almost two years." Climate-driven harvest failures in other parts of the world may be good news for US grain dealers -- and may alter the balance of UN climate talks.

Source: NPR, 08/04/2010

"Oil Spill Legal Mess Likely One of Costliest Ever"

"BP PLC and the other companies involved in the Gulf of Mexico oil spill are faced with fast-multiplying lawsuits that will provoke one of the most drawn-out and costliest legal battles in U.S. history, one that could easily consume the $20 billion set aside by BP to pay for the disaster, according to legal experts and attorneys nationwide."

Source: AP, 07/27/2010

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