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Thursday, Jul 31st

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Water levels at Nevada's Lake Mead drop to new low

Water level Lake MeadeDrought in the southwestern U.S. will deplete the vast Lake Mead this week to levels not seen since Hoover Dam was completed and the reservoir on the Colorado River was filled in the 1930s, federal water managers said Tuesday.

The projected lake level of about 1,080 feet above sea level will be below the level of about 1,082 feet recorded in November 2010 and the 1,083-foot mark measured in April 1956 during another sustained drought.

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Scientists: 2,500 Earthquakes in Oklahoma Linked to Fracking

Oklahoma earthquakesIn this Nov, 6, 2011 photo, Chad Devereaux examines bricks that fell from three sides of his in-laws home in Sparks, Okla., following two earthquakes that hit the area in less than 24 hours. A study published Thursday by the journal Science explains how just four wells forcing massive amounts of drilling wastewater into the ground are probably causing quakes in Oklahoma.

Suddenly, the good old days — you know, when Arkansas had only had about 900 earthquakes linked to the re-injection of fracking wastewater — seem almost nostalgic, as the number of quakes, the amount of damage, the number of states impacted, and the scientific studies keep growing.

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The Closing of Crumbs and the End of the Cupcake Era

Crumbs closesCrumbs Bake Shop shut down all its stores at the close of business on Monday, according to a report in the Wall Street Journal. The cupcake calamity comes amid vanishing same-store sales and over-saturation of shops in certain areas during the fad for the frosted dessert.

Signs of danger were unmistakable: Nasdaq suspended trading of Crumbs shares last Tuesday for the company’s failure to have the required minimum of $2.5 million in shareholder equity.

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Israel bombards Gaza; militants' rocket fire reaches Tel Aviv

Israel bombs GazaAt least 16 people were killed in strikes across the Gaza Strip on Tuesday, Palestinian officials said, as Israel threatened a lengthy offensive against Islamist militants whose rocket fire reached as far as Tel Aviv.

Israelis ran for cover as sirens sounded in the business capital, in the deepest attack from Gaza since hostilities flared three weeks ago after the abduction and murder of three Israeli teenagers. Air raid sirens later sounded in Jerusalem.

The military said its Iron Dome interceptor shot down the rocket which the Islamic Jihad militant group said it had fired.

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Iraq tells U.N. 'terrorist groups' seized former chemical weapons depot

Iraq chemical weaponsIraq's government has lost control of a former chemical weapons facility to "armed terrorist groups" and is unable to fulfill its international obligations to destroy toxins kept there, the country's U.N. envoy told the United Nations.

In a letter to U.N. Secretary-General Ban Ki-moon, made public on Tuesday, Ambassador Mohamed Ali Alhakim said the Muthanna facility north of Baghdad was seized on June 11. He said remnants of a former chemical weapons program are kept in two bunkers there.

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How to Win Billions in Federal Contracts on a Permanent Tax Holiday

Ingersoll RandAmerican manufacturer Ingersoll-Rand Co. (IR) forged the tools that carved the Panama Canal and shaped Mount Rushmore. When it shifted its legal address to Bermuda in 2001 to reduce taxes, the maneuver sparked bipartisan outrage in Congress.

“These corporations have turned their back on their country,” Nevada Democrat Harry Reid fumed from the Senate floor, adding that his father, a hard-rock miner, had wielded an Ingersoll-Rand jackhammer. “There is no reason the U.S. government should reward tax runaways with lucrative government contracts.”

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Typhoon lashes Japan's Okinawa island chain

typhoonTyphoon Neoguri was downgraded from "super typhoon" status but still packed a powerful punch Tuesday as it lashed Japan's Okinawa island chain with strong winds, heavy rain and large waves.

About half a million residents were advised to evacuate though most appeared to stay home as sustained winds reached 120 miles per hour, with gusts up to 148 mph, according to the Japan Meteorological Agency. The storm could be one of the strongest to hit Japan in decades, with waves up to 46 feet high, the agency said.

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Ford recalling 100,610 vehicles in North America in six actions

Ford recallFord Motor Co (F.N) said on Tuesday it is recalling 100,610 vehicles in North America in six separate actions.

About 92,000 of the vehicles have a potential problem with front axles that run to right wheels and may have not been properly installed during assembly. That may cause the axle to move outward over time and eventually become disengaged.

There have been no injuries, crashes or deaths related to this issue or any of the six issues in the half dozen recalls, a Ford spokeswoman said.

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Two arrested after drones nearly collide with NYPD chopper over GW Bridge

Drones near collision with chopper-Two men have been arrested and arraigned on felony reckless endangerment charges after they allegedly piloted two drones that almost struck an NYPD helicopter flying over the George Washington Bridge.

The drones, which were allegedly operated by Remy Castro and Wilkins Mendoza, came within 800 feet of the police chopper.

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