– 1,000 Counties in 26 States Declared Disaster Areas (Bloomberg, July 11, 2012):
July 11 (Bloomberg) — The U.S. cut its corn-harvest estimate 12 percent and said inventories next year will be smaller than forecast in June as the worst Midwest drought since 1988 erodes prospects for a record crop. Michael McKee reports on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)