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The selling in Treasurys picked up speed Wednesday afternoon, despite a well-bid five-year note sale and another round of Treasury buying from the Fed, on mortgage related selling and as investors girded themselves for more supply. Selling kicked the 10-year note yield to a fresh high of 3.62% and forced the Treasurys benchmark yield curve, the gap between the two- and 10-year yields, to steepen out to 268 basis points from 263 basis points Tuesday as longer-term Treasurys continued to come under heavy pressure. The afternoon's five-year note sale was a success, but nervous investors were eyeing the government's final...

Ozone alerts plummet this summer Just 3 days hit hazardous levels, down from 21 By LEE BERGQUIST lbergquist@journalsentinel.com Posted: Aug. 25, 2006 Despite hotter-than-normal temperatures this summer, Wisconsin has been hit with only three days when ozone pollution exceeded unhealthy levels. Advertisement In a surprising twist, Milwaukee County barely squeaked in with one day of polluted ground-level ozone, otherwise known as smog. Waukesha County didn't register a single day. Yet in Ozaukee County, with fewer cars and factories, there were two such days of unhealthy air. This summer's ozone readings are down sharply from last year, when there were 21...

-snip- Dissenters say our prosperity is hollow. While the economy appears healthy, a disease is eating away inside, a disease that Dr. Greenspan has been treating with oxycontin. The chairman, they say, was a friend to presidents and kept them happy and himself in power by the greatest expansion of money and credit in history. And just as the easy-money Fed policies of the Hoover-Coolidge era led to the crash of ’29, a day of reckoning is ahead. -snip-

WASHINGTON (Reuters) - The U.S. trade deficit widened much more than expected in June, hitting a record $55.8 billion dollars as the biggest drop in exports in nearly three years combined with record imports, the government said on Friday. Wall Street economists had expected the deficit to widen, but looked for a gap of just $47 billion. In its report, the Commerce Department also revised May's trade shortfall to $46.9 billion from the previously reported $46.0 billion. The department said exports fell 4.3 percent to $92.8 billion in June, the biggest decline since September 2001 and the weakest performance since...