World Trade Organization Cuts 2013 Growth Forecast

The World Trade Organization has announced a cut in the 2013 growth forecast from 4.5% to 3.3%.

The WTO tried to downplay the weaker growth by claiming that in 2014 the world trade market should grow 5%.

“There is a need for more rules-based trade in order to reduce unemployment and to stimulate growth,” WTO director general Pascal Lamy told reporters. In addition to the unemployment, the weaknesses in European economies will continue to drag down trade. Continue reading

2013 Hurricane Season Predicted Busier Than Normal

Two Colorado State University climatologists who have been predicting hurricane seasons for years are telling coastal residents to prepare for a turbulent few months.

Phil Klotzbach and William Gray are predicting 18 named storms, 9 of them hurricanes and at least four of them major hurricanes. The average for a storm season is 12 named storms with six hurricanes, 3 major. Continue reading

President Obama Authorizes U.S. Military Support To Somalia

President Obama has removed restrictions that would allow the U.S. military to provide assistance to the Somalian government in their fight against Islamic terrorists who still control large parts of the rural center of the country.

The move now allows Secretary of State John Kerry the right to send troops into Somalia and provide weapons and other defensive aid. Continue reading

U.S. Officially Admits Having Cyberweapons

The U.S. Air Force has officially designated six cyberweapons meaning that cyberwar now has codified definition.

The move was meant to give the Air Force Space Command, which controls satellite and cyberspace for the military, an opportunity to fight for additional funding in the budget. However, critics say the move could open up waves of problems for the government and private businesses. Continue reading