Odds ‘n Sods:

A professor hired by the Federal Reserve says that by some measures the U.S. is technically bankrupt.

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Wars and Rumors of Wars: Hezbollah guerrillas fire more Katyusha rockets at two northern Israeli towns, 220,000 Israelis are now staying in bomb shelters. Meanwhile, Israeli Warplanes Strike in Beirut, and Israel Blockades Lebanon. 

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A 50 mile long fire line: crews are battling two California Mojave Desert wild fires–60,000+ acres charred.