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Another Ice Age?

In Africa, drought continues for the sixth consecutive year, adding terribly to the toll of famine victims. During 1972 record rains in parts of the U.S., Pakistan and Japan caused some of the worst flooding in centuries. In Canada's wheat belt, a particularly chilly and rainy spring has delayed planting and may well bring a disappointingly small harvest. Rainy Britain, on the other hand, has suffered from uncharacteristic dry spells the past few springs. A series of unusually cold winters has gripped the American Far West, while New England and northern Europe have...

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MARCUS BULLUS, trading director at MB Capital. The U.S. unemployment rate has dropped for the fifth month in a row, to a three-year low of 8.3%. The jobless figure is the lowest it has been since February 2009.
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