William Gray News
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An above-average number of storms will emerge from the Atlantic this hurricane season, and the odds of the U.S. being hit by a major system are about 70 percent greater than predicted last year, Colorado State University researchers said.
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William Gray , who pioneered seasonal hurricane forecasting at Colorado State University 26 years ago, rings a bell each Aug. 20 and tells colleagues, “I have been appointed by Chicken Little to inform you that the heart of the hurricane season has begun.”
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The cooling in the Pacific Ocean known as La Nina, which can influence Atlantic hurricanes and U.S. drought, is expected to keep fading and vanish by June, according to U.S. forecasters.
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Colorado State University researchers predict an above-average storm season for the Atlantic in 2011, forecasting at least 17 named storms and nine hurricanes, five of them major.
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JPMorgan Chase & Co., the largest U.S. bank, nominated former KPMG International Chairman Timothy P. Flynn to its board as two directors step down after more than a decade at the company.
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The hurricane threat to oil and gas development areas in the Gulf of Mexico is fading and may almost be over for the year, meteorologists said.
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For-profit colleges more than doubled spending on lobbying and hired six former members of the U.S. Congress this year to fight regulations that threaten the industry.
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A weather system off West Africa may signal the start of the most active part of the annual hurricane season in the Atlantic, with meteorologists expecting a wave of storms to develop within days.
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Hedge funds cut bullish bets on natural gas to the lowest level this year, a sign that prices may be bottoming if history is a guide.
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Hedge funds cut bullish bets on natural gas by the most since August as storms steered clear of production in the Gulf of Mexico and weak demand boosted a U.S. stockpile surplus.
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