Earlier this week the Congressional Budget Office (CBO) warned that the nation's debt load is at a dangerously high level. In fact, by September 2012, our country's debt will amount to 70 percent of the nation's gross domestic product (GDP).
Ethanol is in our gasoline. At least 10 percent of all regular gasoline is ethanol and in E85, the amount of corn-based ethanol is 15 percent mix. Now the industry is beginning to teeter after the federal subsidies were pulled at the end of 2011.
Our neighbors in the Badger state went to the polls yesterday to decide if they should recall Scott Walker as governor. Gov. Walker's bold action depleted the strength of public employee unions in Wisconsin.
Unemployment rose to 8.2 percent in May. The Dow Jones Industrial Average plummeted 275 points, or 2.2 percent, to 12,119, the S&P 500 tumbled 32.3 points, or 2.5 percent, to 1,278 and the Nasdaq Composite sold off by 79.9 points, or 2.