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Texas Wildfires 2011: 852 Homes Lost in 2 Days, 1,000 Destroyed in Past Week [PHOTOS]

Australia Braces for More Heat Waves to Come
Wind-fueled Texas wildfires have consumed 852 homes within two days and more than 1,000 have been destroyed in the past seven days, officials say. Texas Gov. Rick Perry has said more than 100,000 acres have burned in his drought-stricken state. He took a break from the campaign trail on Monday to return to Texas to oversee the firefighting efforts.
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A satellite image shows Tropical Storm Lee extending from the Yucatan Peninsula across the Gulf of Mexico and over southern Louisiana, Mississippi and Alabama

Tropical Storm Lee Hits Louisiana Coast

Tropical Storm Lee barreled into southern Louisiana's coast on Sunday, as New Orleans prepared for one of the biggest tests of its flood defenses since Hurricane Katrina devastated the city in 2005.
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Miss Universe 2011: Meet the Contestants in Candid Photos

The contestants for the 2011 Miss Universe pageant have arrived in Sao Paulo, Brazil to kick start pre-pageant events.This year's crop of international beauties is sure to make the judging especially difficult.The Sept. 12 pageant is the 60th anniversary of the Miss Universe pageant. Real estate tycoon Donald Trump bought the Miss Universe Organization in 1996 and relocated the headquarters from Los Angeles, Calif., to New York City.I am very pleased to announce our partnershi...
Tropical Storm Lee

Tropical Storm Lee Path: Mandatory Evacuation as Rain Pounds Louisiana

There's a mandatory evacuation in place for three towns in Louisiana's Jefferson Parish as heavy rains from Tropical Storm Lee began pounding southern parts of the state on Saturday morning. Lee is still lingering a ilittle offshore in the Gulf of Mexico, but it is surely gathering strength and packing maximum sustained winds of about 60 mph.
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IMF spillover report highlights debt vulnerability

The International Monetary Fund, in a report summarizing its assessment of potential spillover impacts of global economic policy, suggested on Friday that debt sustainability was a key area of concern.
Gulf disturbance threat level

Tropical Storm Lee Strengthens Near Louisiana, Official Banks on Levees

Tropical Depression 13 has now upgraded to Tropical Storm Lee and is threatening to bring heavy rainfall to the New Orleans areas over the Labor Day weekend, as bands of thunderstorms pass over the region in the next couple of days. Lee is located just 200 miles southeast of Cameron, La., and 210 miles southwest of the mouth of the Mississippi River. Lee is now packing maximum sustained winds of 40 mph and is moving northwest at 2 mph.
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Tropical Storm New Orleans: Flooding Is a Greater Threat Than Winds

Tropical Depression 13, which continued to move toward the Gulf Coast on Friday, has winds up to 35 miles per hour, but the region can't rest easy. The storm may not be packing hurricane-force winds when it hits New Orleans, but it could drench the city with up to 20 inches of rain and cause severe flooding.
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Katia Path: Storm Might Reach U.S. East Coast Next Week; Gulf Coast Braces for Another

Tropical Katia is not expected to strengthen much on Friday, as wind shear clips the system, but forecasters say the storm will likely regain hurricane strength and perhaps cut a path toward the U.S. coast by the middle of next week. At 8 a.m. Friday, Katia was in the Atlantic, 700 miles east of the Leeward Islands. The storm is moving northwest at 15 miles per hour with sustained winds of 70 miles per hour, just below hurricane strength.
Oil's Dip.

Brent Crude Holds at $114, Awaiting U.S. Jobs Report

Brent crude hovered at $114 a barrel Friday, on track for its second consecutive weekly gain, as investors eyed U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession.
Gulf disturbance threat level

Louisiana Declares Emergency as Storm Brews in the Gulf [MAPS]

The tropical depression will be called Lee if it upgrades to a tropical storm. It is currently creeping north through the Gulf of Mexico. It could spur torrential rains and coastal flooding from the Florida Panhandle to Texas-Louisiana border, National Hurricane Center Director Bill Read told the media.

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