GLOBAL - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/GLOBAL News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) NBA fines Raptors for Drake’s Durant pitch http://www.sltrib.com/sltrib/sports/58298564-77/drake-durant-nba-raptors.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/sports/58298564-77/drake-durant-nba-raptors.html.csp">NBA fines Raptors for Drake’s Durant pitch</a></h4> <span class="author vcard"><span class="fn">Associated Press</span></span> <h5><span class="updated" title="2014-08-16T23:01:02.535-06:00">Updated Aug 16, 2014 11:01PM MDT</span></h5> <div class ="entry-content">New York • The NBA has fined the Toronto Raptors for tampering after rapper Drake let Kevin Durant know he was wanted in Canada. Drake is a “global ambassador” for Canada’s NBA club. He was performing at a concert that Durant was attending last week in Toronto when he shouted to the crowd to show the league’s MVP what it would be like if he came to play for the Raptors, causing a loud ovation. An NBA spokesman confirmed the fine, which ESPN.com reported Monday was for $25,000. Durant can become ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58298564@www.sltrib.com Sat, 16 Aug 2014 23:01:02 MDT Why global turmoil hasn’t sunk US markets. Yet. http://www.sltrib.com/sltrib/money/58303737-79/percent-economy-nearly-global.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58303737-79/percent-economy-nearly-global.html.csp">Why global turmoil hasn’t sunk US markets. Yet.</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK and BERNARD CONDON</span></span> <span class="source-org vcard"><span class="org fn"> AP Business Writers</span></span> <h5><span class="updated" title="2014-08-16T11:04:01.718-06:00">Updated Aug 16, 2014 11:04AM MDT</span></h5> <div class ="entry-content">New York • Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least. A big reason is that five years after the Great Recession officially ended, the...</div> <h5><a rel="item-license" href="#license-583037372014-08-16T11:04:01.718-06:00" id="#license-2014-08-16T11:04:01.718-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58303737@www.sltrib.com Sat, 16 Aug 2014 11:04:01 MDT Why global turmoil hasn’t sunk US markets. Yet. http://www.sltrib.com/sltrib/money/58301814-79/economy-percent-global-nearly.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58301814-79/economy-percent-global-nearly.html.csp">Why global turmoil hasn’t sunk US markets. Yet.</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK and BERNARD CONDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-15T19:09:02.744-06:00">Updated Aug 15, 2014 07:09PM MDT</span></h5> <div class ="entry-content">New York • Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least. A big reason is that five years after the Great Recession officially ended, the...</div> <h5><a rel="item-license" href="#license-583018142014-08-15T19:09:02.744-06:00" id="#license-2014-08-15T19:09:02.744-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58301814@www.sltrib.com Fri, 15 Aug 2014 19:09:02 MDT Why global turmoil hasn’t sunk U.S. markets. Yet. http://www.sltrib.com/sltrib/world/58301364-68/percent-economy-global-nearly.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58301364-68/percent-economy-global-nearly.html.csp">Why global turmoil hasn’t sunk U.S. markets. Yet.</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK and BERNARD CONDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-15T14:46:39.837-06:00">Updated Aug 15, 2014 02:46PM MDT</span></h5> <div class ="entry-content">New York • Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least. A big reason is that five years after the Great Recession officially ended, the...</div> <h5><a rel="item-license" href="#license-583013642014-08-15T14:46:39.837-06:00" id="#license-2014-08-15T14:46:39.837-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58301364@www.sltrib.com Fri, 15 Aug 2014 14:46:39 MDT Study blames humans for most of melting glaciers http://www.sltrib.com/sltrib/world/58297282-68/melting-glaciers-causes-human.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58297282-68/melting-glaciers-causes-human.html.csp">Study blames humans for most of melting glaciers</a></h4> <span class="author vcard"><span class="fn">By SETH BORENSTEIN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-15T07:44:00.516-06:00">Updated Aug 15, 2014 07:44AM MDT</span></h5> <div class ="entry-content">Washington • More than two-thirds of the recent rapid melting of the world’s glaciers can be blamed on humans, a new study finds. Scientists looking at glacier melt since 1851 didn’t see a human fingerprint until about the middle of the 20th century. Even then only one-quarter of the warming wasn’t from natural causes. But since 1991, about 69 percent of the rapidly increasing melt was man-made, said Ben Marzeion, a climate scientist at the University of Innsbruck in Austria. “Glaciers are reall...</div> <h5><a rel="item-license" href="#license-582972822014-08-15T07:44:00.516-06:00" id="#license-2014-08-15T07:44:00.516-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58297282@www.sltrib.com Fri, 15 Aug 2014 07:44:00 MDT Op-ed: Just pay the fee and go solar http://www.sltrib.com/sltrib/opinion/58272700-82/carbon-solar-dioxide-climate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58272700-82/carbon-solar-dioxide-climate.html.csp">Op-ed: Just pay the fee and go solar</a></h4> <span class="author vcard"><span class="fn">By Andrea Brunelle</span></span> <h5><span class="updated" title="2014-08-08T17:09:24.675-06:00">Updated Aug 8, 2014 05:09PM MDT</span></h5> <div class ="entry-content">I am a geography professor, and that means more than placing countries on a world map. I study changes in climate, fire, vegetation and beetle outbreaks over time. Climate variability is part of life on Earth, and my work looks at climate change over thousands of years to provide context for what is happening now and in the future. There is no question that carbon dioxide concentrations are increasing, as are global temperatures. When I started studying climate change in 1995, average annual ca...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58272700@www.sltrib.com Fri, 08 Aug 2014 17:09:24 MDT McDonald’s sales hit by China scandal, U.S. weakness http://www.sltrib.com/sltrib/money/58275893-79/mcdonald-sales-percent-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58275893-79/mcdonald-sales-percent-company.html.csp">McDonald’s sales hit by China scandal, U.S. weakness</a></h4> <span class="author vcard"><span class="fn">By CANDICE CHOI</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-08T10:52:18.295-06:00">Updated Aug 8, 2014 10:52AM MDT</span></h5> <div class ="entry-content">McDonald’s says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China. The world’s biggest hamburger chain said Friday the decline included a 3.2 percent drop in the U.S. and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa. The results reflect what is likely to be just the beginnings of the fallout from a Chinese food scandal late last month. A TV report at the time showed workers at a McDonal...</div> <h5><a rel="item-license" href="#license-582758932014-08-08T10:52:18.295-06:00" id="#license-2014-08-08T10:52:18.295-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58275893@www.sltrib.com Fri, 08 Aug 2014 10:52:18 MDT Letter: Carbon fee costs less than you think http://www.sltrib.com/sltrib/opinion/58258704-82/carbon-saving-climate-costs.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58258704-82/carbon-saving-climate-costs.html.csp">Letter: Carbon fee costs less than you think</a></h4> <h5><span class="updated" title="2014-08-05T09:26:02.07-06:00">Updated Aug 5, 2014 09:26AM MDT</span></h5> <div class ="entry-content">The recent bipartisan report on global warming, “Risky Business,” detailed how $370 billion of flood damage could occur to coastal cities in the U.S. as the oceans rise. Along with this damage, Midwest farmers will suffer from the temperature rise disrupting their crops. Global warming will do damage to the economy in the future, so preventing it now is important. But taking action now for a better future later can seem like saving for retirement or taking out insurance. This is deceptive becaus...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58258704@www.sltrib.com Tue, 05 Aug 2014 09:26:02 MDT Not in my backyard: U.S. sending dirty coal abroad http://www.sltrib.com/sltrib/money/58232831-79/coal-global-energy-exports.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58232831-79/coal-global-energy-exports.html.csp">Not in my backyard: U.S. sending dirty coal abroad</a></h4> <span class="author vcard"><span class="fn">By DINA CAPPIELLO</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-28T12:29:02.126-06:00">Updated Jul 28, 2014 12:29PM MDT</span></h5> <div class ="entry-content">Newport News, Va. • As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. This fossil fuel trade threatens to undermine President Barack Obama’s strategy for reducing the gases blamed for climate change and reveals a little-discussed side effect of countries acting alone on a global problem. The contribution of thi...</div> <h5><a rel="item-license" href="#license-582328312014-07-28T12:29:02.126-06:00" id="#license-2014-07-28T12:29:02.126-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58232831@www.sltrib.com Mon, 28 Jul 2014 12:29:02 MDT Five things to know about coal trade, global warming http://www.sltrib.com/sltrib/money/58232844-79/coal-exports-global-demand.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58232844-79/coal-exports-global-demand.html.csp">Five things to know about coal trade, global warming</a></h4> <span class="author vcard"><span class="fn">By DINA CAPPIELLO</span></span> <span class="source-org vcard"><span class="org fn"> Associated Press</span></span> <h5><span class="updated" title="2014-07-28T12:29:02.205-06:00">Updated Jul 28, 2014 12:29PM MDT</span></h5> <div class ="entry-content">As the Obama administration weans the U.S. off polluting fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. Here are five things to know about the issue: 1. AS U.S. REDUCES COAL USE, DEMAND RISES GLOBALLY. Over the past six years, the U.S. has cut consumption by 195 million tons as power plants have burned cheaper natural gas instead. The Environmental Protection ...</div> <h5><a rel="item-license" href="#license-582328442014-07-28T12:29:02.205-06:00" id="#license-2014-07-28T12:29:02.205-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58232844@www.sltrib.com Mon, 28 Jul 2014 12:29:02 MDT IMF cuts U.S., global growth forecasts for 2014 http://www.sltrib.com/sltrib/money/58220767-79/percent-imf-growth-economy.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58220767-79/percent-imf-growth-economy.html.csp">IMF cuts U.S., global growth forecasts for 2014</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press </span></span> <h5><span class="updated" title="2014-07-24T13:38:02.137-06:00">Updated Jul 24, 2014 01:38PM MDT</span></h5> <div class ="entry-content">Washington • The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The lending organization predicted Thursday that global growth will be 3.4 percent in 2014, below its April forecast of 3.7 percent. But the fund still expects the growth of the world’s economy to accelerate a bit to 4 percent in 2015. The downgrade of this year’s estimate for the global economy ref...</div> <h5><a rel="item-license" href="#license-582207672014-07-24T13:38:02.137-06:00" id="#license-2014-07-24T13:38:02.137-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58220767@www.sltrib.com Thu, 24 Jul 2014 13:38:02 MDT VW passes GM in global auto sales race http://www.sltrib.com/sltrib/money/58191915-79/sales-percent-global-million.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58191915-79/sales-percent-global-million.html.csp">VW passes GM in global auto sales race</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T17:15:02.421-06:00">Updated Jul 16, 2014 05:15PM MDT</span></h5> <div class ="entry-content">Detroit • Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place. GM said Wednesday that it sold 4.92 million cars and trucks worldwide from January through June. But VW said it sold 4.97 million. Toyota won’t release first-half numbers until later this month. But it was in first place at the end of the first quarter and it expects to sell 10.1 million vehicles this year. VW sales are gro...</div> <h5><a rel="item-license" href="#license-581919152014-07-16T17:15:02.421-06:00" id="#license-2014-07-16T17:15:02.421-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191915@www.sltrib.com Wed, 16 Jul 2014 17:15:02 MDT Murdoch bid for Time Warner gives markets a lift http://www.sltrib.com/sltrib/money/58190142-79/percent-markets-warner-murdoch.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58190142-79/percent-markets-warner-murdoch.html.csp">Murdoch bid for Time Warner gives markets a lift</a></h4> <span class="author source-org vcard"><span class="org fn">By The Associated Press </span></span> <h5><span class="updated" title="2014-07-16T09:27:02.532-06:00">Updated Jul 16, 2014 09:27AM MDT</span></h5> <div class ="entry-content">London • Solid Chinese economic growth figures combined with news that Rupert Murdoch’s Twenty-First Century Fox made an offer to buy Time Warner to give markets a big lift Wednesday as traders mulled the possibility of further corporate activity. Though Time Warner rejected the bid — reported to be worth $80 billion — from Twenty-First Century Fox and said it has no interest in further discussions with Rupert Murdoch’s media entertainment giant, it hasn’t stopped traders getting animated by the...</div> <h5><a rel="item-license" href="#license-581901422014-07-16T09:27:02.532-06:00" id="#license-2014-07-16T09:27:02.532-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58190142@www.sltrib.com Wed, 16 Jul 2014 09:27:02 MDT Milbank: New spokesman walks back ‘tranquility’ claim http://www.sltrib.com/sltrib/opinion/58186072-82/earnest-tranquility-journal-president.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58186072-82/earnest-tranquility-journal-president.html.csp">Milbank: New spokesman walks back ‘tranquility’ claim</a></h4> <span class="author vcard"><span class="fn">By Dana Milbank</span></span> <span class="source-org vcard"><span class="org fn"> The Washington Post</span></span> <h5><span class="updated" title="2014-07-15T08:31:23.851-06:00">Updated Jul 15, 2014 08:31AM MDT</span></h5> <div class ="entry-content">WASHINGTON • President Obama has described his foreign-policy doctrine as an attempt to hit singles, doubles and the occasional home run. But at this stage of the game, it looks as though he has popped out, grounded into a double play and been hit by a pitch. His attorney general, Eric Holder, said Sunday that the threat of undetectable explosives from Syria is “more frightening than anything” he has experienced in office. And the Wall Street Journal ran a front-page article Monday reportin...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58186072@www.sltrib.com Tue, 15 Jul 2014 08:31:23 MDT Global stocks rebound after Portuguese bank scare http://www.sltrib.com/sltrib/money/58182527-79/percent-bank-europe-global.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58182527-79/percent-bank-europe-global.html.csp">Global stocks rebound after Portuguese bank scare</a></h4> <span class="author vcard"><span class="fn">By JOE McDONALD</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-14T09:27:01.657-06:00">Updated Jul 14, 2014 09:27AM MDT</span></h5> <div class ="entry-content">Beijing • Global stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe. Oil fell but stayed above $100 after tumbling more than $2 last week amid expectations more Libyan crude will soon hit markets. In Europe, Germany’s DAX added 0.8 percent to 9,742.95 and France’s CAC-40 rose 0.6 percent to 4,341.37. Britain’s FTSE 100 gained 0.6 percent to 6,731.64. On Wall Street, futures for the Dow Jo...</div> <h5><a rel="item-license" href="#license-581825272014-07-14T09:27:01.657-06:00" id="#license-2014-07-14T09:27:01.657-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58182527@www.sltrib.com Mon, 14 Jul 2014 09:27:01 MDT Infiniti exec de Nysschen to head GM’s Cadillac http://www.sltrib.com/sltrib/money/58173781-79/cadillac-brand-nysschen-infiniti.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58173781-79/cadillac-brand-nysschen-infiniti.html.csp">Infiniti exec de Nysschen to head GM’s Cadillac</a></h4> <span class="author vcard"><span class="fn">Tim Higgins</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-11T18:16:37.309-06:00">Updated Jul 11, 2014 06:16PM MDT</span></h5> <div class ="entry-content">General Motors Friday named Johan de Nysschen, head of Nissan’s Infiniti, as president of Cadillac as the luxury brand tries to build on new products, boost its global image and recapture last year’s growth. De Nysschen, 54, also a former executive with Volkswagen’s Audi, resigned earlier Friday as Infiniti chief executive officer after two years in the job. His Cadillac appointment, effective Aug. 1, follows Thursday’s announcement that Bob Ferguson, who had led the brand since 2012, would retu...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58173781@www.sltrib.com Fri, 11 Jul 2014 18:16:37 MDT China says it’s up to U.S. to drive global economy http://www.sltrib.com/sltrib/money/58165131-79/china-economy-economic-global.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58165131-79/china-economy-economic-global.html.csp">China says it’s up to U.S. to drive global economy</a></h4> <span class="author vcard"><span class="fn">By LOUISE WATT</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-09T08:58:02.256-06:00">Updated Jul 9, 2014 08:58AM MDT</span></h5> <div class ="entry-content">Beijing • China’s finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that leaders are satisfied with the country’s economic performance so far this year and that in the first five months China had created up to 6 million jobs, 60 percent of this year’s target. Analysts say the ruling party appears willing to accept economic growth below its 7.5 percent target this year so long as...</div> <h5><a rel="item-license" href="#license-581651312014-07-09T08:58:02.256-06:00" id="#license-2014-07-09T08:58:02.256-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58165131@www.sltrib.com Wed, 09 Jul 2014 08:58:02 MDT Summers: U.S. is approaching economic disarmament http://www.sltrib.com/sltrib/opinion/58156789-82/global-economic-crisis-states.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58156789-82/global-economic-crisis-states.html.csp">Summers: U.S. is approaching economic disarmament</a></h4>