Paul Krugman @ Truthout - The bad gross domestic product number for Britain, announced on April 27, wasn’t a surprise — in fact, judging from market response, investors seem to have expected something even worse. Still, if you step back and look at what has been happening, it’s doubleplusungood: zero growth over the past six months, with every reason to be worried looking forward, as Prime Minister David Cameron’s austerity bites deeper. Read more.
Levels in Lake Mead – the largest US reservoir by volume – fell to historic lows on Thursday, as the region continues to face the effects of a devastating prolonged drought. Read more .