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Keyword: recovery

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  • 260 Drought Maps Show California's Deep Drought and Current Recovery

    02/17/2017 11:56:35 PM PST · by nickcarraway · 12 replies
    Los Angeles Times ^ | 2/17 | Kyle Kim and Thomas Suh Lauder
    Persistent precipitation in recent months have significantly improved California's drought conditions, according to the U.S. Drought Monitor. Extreme to exceptional drought – the most severe levels – have been virtually lifted in the entire state since it first appeared on Jan. 24, 2014.
  • Barack (Hussein) Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth

    01/27/2017 8:29:14 AM PST · by blam · 20 replies
    Zero Hedge ^ | 1-27-2017 | Tyler Durden
    Following today's extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth. An average annual GDP growth of 1.48% during Obama's two terms... As a reminder to a few blinkered media types, this means President Obama's "recovery" has officially been the worst recovery in US history (despite adding almost...
  • Sergeant York and The Affordable Care Act

    01/16/2017 4:15:41 PM PST · by jfd1776 · 7 replies
    Illinois Review ^ | January 16, 2017 AD | John F. Di Leo
    Reflections on Enemies, Warriors, and Duty… As I write these words, hundreds of Republican, libertarian, and independent politicians, civil servants, and think tank analysts on Capitol Hill are working to finally overturn the monstrous law called the Affordable Care Act, commonly known as Obamacare. And just as many Democrats are working just as feverishly to thwart the effort. Now, before we get into the details, we should first begin by considering a crucial issue: Obamacare is a misnomer: it's not REALLY Obama's program. Barack Obama didn't write the bill (in all his years as a legislator, he’s never written a...
  • Beleaguered Small Businesses Set For Big Rebound Under Trump

    01/13/2017 3:46:27 AM PST · by expat_panama · 1 replies
    Investors Business Daily ^ | 1/11/2017 | TERRY JONES
    Small businesses and entrepreneurs have had a rough time of it for these past eight years. New startups and entrepreneurial activity have pretty much been stagnant, weighed down by heavy regulation, high taxes and an economy that's just been stumbling along. But in recent weeks, there are signs of renewal that could mark a turnaround in the fortunes of small business. Most impressively, the National Federation of Independent Business' small-business optimism index surged in December by the most since 1980, a year when another maverick conservative-leaning candidate surprised everyone and won the presidency. His name was Reagan. "The December results...
  • Gross Domestic Product: Third Quarter 2016 [AT 3.5% HIGHER THAN EXPECTED]

    12/22/2016 6:03:47 AM PST · by expat_panama · 33 replies
    Bureau of Economic Analysis ^ | Dec 22, 2016 | Bureau of Economic Analysis
    Real gross domestic product increased at an annual rate of 3.5 percent in the third quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 3.2 percent. With this third estimate for the third quarter, nonresidential fixed investment, personal consumption expenditures (PCE), and state and local government spending increased more than previously...
  • The Obama 'Recovery': Number Of Millennials Living At Home With Mom Reaches 75-Year High

    12/21/2016 12:50:29 PM PST · by blam · 33 replies
    Zero Hedge ^ | Tyler Durden
    Tyler DurdenDecember 21,2016 Millennials finally get to claim a trophy for an achievement they actually earned (no participation medals here)...that's right, Millennials have officially set a 75-year record for highest percentage of young adults living at home with mom. At just under 40%, Millennials are barely shy of the all-time record of 40.9% set in 1940, after the end of the Great Depression. For once, we have every confidence that our young snowflakes will excel in crushing this longstanding record. Per the Wall Street Journal: Almost 40% of young Americans were living with their parents, siblings or other relatives in...
  • Bad News for America’s Workers

    12/20/2016 3:02:03 AM PST · by expat_panama · 46 replies
    Project Syndicate ^ | DEC 19, 2016 34 | Joseph E. Stiglitz
    NEW YORK – As US President-elect Donald Trump fills his cabinet, what have we learned about the likely direction and impact of his administration’s economic policy? To be sure, enormous uncertainties remain. As in many other areas, Trump’s promises and statements on economic policy have been inconsistent. While he routinely accuses others of lying, many of his economic assertions and promises – indeed, his entire view of governance – seem worthy of Nazi Germany’s “big lie” propagandists. Tillerson with Putin The Trump Enigma John Andrews asks whether Carl Bildt, Joscha Fischer, Ana Palacio, and other Project Syndicate commentators are right...
  • The 'Loss' of Manufacturing Jobs Signals Progress

    12/20/2016 3:02:02 AM PST · by expat_panama · 19 replies
    Real Clear Markets ^ | December 20, 2016 | Ray Keating
    Apparently, technology and trade generate noteworthy fear and strife in today's economy. Indeed, many view tech and trade as a kind of dangerous TNT set to blow up the U.S. economy. From kitchen tables to campaign trails to TV talking heads, chatter abounds about U.S. jobs being lost to technology and/or cheap labor in foreign nations. It appears to many that technology globalists are nefariously plotting to put us all out of work. Bummer. Has this happened before? Well, did you know that there were approximately 13.5 million agricultural workers in the U.S. in 1910, and that dropped to less...
  • Opinion: The economic data will doom the Trump stock-market rally

    12/20/2016 3:02:00 AM PST · by expat_panama · 33 replies
    Market Watch ^ | Dec 19, 2016 12:06 p.m. ET | Tim Mullaney
    Economic growth has slowed since the election. What will happen to housing under President Trump? Funny thing about the rally in U.S. stocks since the Nov. 8 election that has the Dow Jones Industrial Average DJIA, +0.20% approaching 20,000: The underpinning of optimism about a pickup in the U.S. economy it has been based on is slipping away. Heh, heh, heh. Faster than Republicans learn to love Russian espionage when their party’s presidential nominee is the intended beneficiary, fourth-quarter economic data are heading south. The Atlanta Federal Reserve Bank’s influential GDPNow forecasting tool, which predicted 3.1% annualized fourth-quarter growth on...
  • Economic Optimism Hits 10-Year High On Trump, But Democrats Are Blue

    12/09/2016 12:59:48 AM PST · by expat_panama · 9 replies
    Investors Business Daily ^ | 12/06/2016 | JED GRAHAM
    The IBD/TIPP Economic Optimism Index surged to a 10-year high in December, as confidence in the outlook got a jolt from the presidential election and the subsequent stock-market rally. Economic Optimism rose 3.4 points to 54.8, the highest since November 2006, remaining above the neutral 50 level for the third straight month. While confidence in the economy had been on the upswing before the election, the surprise victory of Donald Trump, part of a clean sweep for Republicans, had a huge effect on Americans' economic expectations. The effect was far more positive than negative, but economic sentiment tends to be...
  • Study: The Recovery Is A Myth — There's Been No Recovery At All

    12/08/2016 3:07:52 AM PST · by expat_panama · 29 replies
    Investors Business Daily ^ | Dec. 7, 2016 6:39 PM ET | TERRY JONES
    President Obama has staked a great part of his legacy on the idea that he skillfully engineered a great recovery from the financial crisis. The Obama-friendly media routinely parrot the idea. But in fact, as a shocking new study from the nonpartisan U.S. Council on Competitiveness and the Gallup organization suggests, the so-called recovery doesn't exist. As recently as Oct. 11, less than a month before the election, the online publication The Hill ran this headline: "Obama's economic legacy ensures Democrats decades of success." No kidding. But it's a bit unfair to single them out: Others have run with similar...
  • Economy Rose At Fastest Pace In 2 Years As Consumer Confidence Soars

    11/30/2016 5:01:38 AM PST · by expat_panama · 21 replies
    Investors Business Daily ^ | 11/29/16 4:13 PM ET | ED CARSON
    The U.S. economy expanded at a 3.2% annual rate in the third quarter, the Commerce Department said Tuesday. That's the strongest growth since the second quarter of 2014 and revised up slightly from the initial reading of a 2.9% gain. Economists had expected a 3.1% revised reading. Consumer spending rose at a 2.8% pace, faster than the initial reading of 2.1%. . Separately, the Conference Board's Consumer Confidence Index shot up 8.5 points in November to 107.1, the highest since July 2007 and much better than views for a rise to 101. The reading, which reflects post-election sentiment, showed consumers...
  • Officer badly hurt in skateboard attack shows signs of recovery

    11/29/2016 6:35:09 PM PST · by artichokegrower · 11 replies
    San Francisco Chronicle ^ | November 28, 2016 | Evan Sernoffsky
    A South San Francisco police officer, who was critically injured after being smashed in the head with a skateboard on Thanksgiving, is “beginning to show positive signs of recovery,” officials said Monday. Officer Robby Chon remains in critical condition at San Francisco General Hospital after Thursday’s violent attack, in which he was struck in the head by a suspect he was chasing on foot.
  • Durable Goods Orders Soar 4.8%; Jobless Claims Rise But Still Low

    11/25/2016 1:55:21 AM PST · by expat_panama · 9 replies
    Investors Business Daily ^ | 11/23/2016 | ED CARSON
    October durable goods orders shot up far more than expected, suggesting strength in manufacturing. Meanwhile, jobless claims rose but remain at longtime lows. Orders for long-lasting manufactured goods rose 4.8%, the biggest increase in a year. Bookings climbed 1% excluding volatile transportation items. Economists had expected a 1.5% rise in durable goods orders, with a 0.2% rise excluding transportation items. Meanwhile, September's slight decline was revised to up 0.4%. Core capital goods orders, a proxy for business investment plans, climbed 0.4%... [snip]
  • Economy's 2.9% Growth In Q3 Looks Better Than It Is

    10/31/2016 4:19:50 AM PDT · by expat_panama · 27 replies
    Investors Business Daily ^ | 10/28/2016 | JED GRAHAM
    The U.S. economy grew at a 2.9% annual rate in the third quarter, faster than the 2.5% growth expected and up from 1.4% in the second quarter, the Commerce Department reported Friday. It was the fastest pace since Q3 2014. The pickup in growth was due to an upturn in inventory investment and an acceleration in exports and growth in federal government spending. Personal consumption expenditures grew at a slower pace, while residential fixed investment and state and local government spending were negatives. The increase isn't likely to change the Federal Reserve's timetable for hiking interest rates... ...banks like higher...
  • What Microsoft won't tell you about your Windows 10 recovery drive size (4GB? 8GB? 16GB?)

    08/22/2016 8:04:19 AM PDT · by dayglored · 25 replies
    PC World ^ | Aug 22, 2016 | Josh Norem
    Microsoft is coy about it in places, and estimates vary. (The time to make a Windows 10 recovery drive is before your PC dies. Grab a USB drive—you might need a big one!—and we'll show you how it's done...) Attila Balaton bought an 8GB USB key to create a Windows 10 Recovery Drive only to find out 16GB was required. Mea culpa: Answer Line was partly to blame, as my former colleague wrote that Microsoft suggests “at least a 4GB USB key.” It’s not his fault, though, as on this support page Microsoft says in order to create a Windows...
  • Housing, Industry, Inflation Data Will Show If Economy As Sluggish As Retail Sales

    08/16/2016 3:15:55 AM PDT · by expat_panama · 18 replies
    Investors Business Daily ^ | August 15, 2016 | ED GRAHAM
    A raft of data out Tuesday morning will provide a signal as to whether growth is as tepid as the latest retail sales report showed, or whether the strong July jobs report is more reflective of reality. Unexpected strength could reverse the recent pullback in Treasury yields, mortgage rates and the dollar if markets begin to price in a stronger likelihood that the Federal Reserve will hike interest rates before March 2017, as the CME Group Fed Watch tool now shows. Tuesday's read on July housing starts and building permits, released by the Commerce Department at 8:30 a.m. ET, may...
  • Obama's Economic Recovery Is Now $2.2 Trillion Below Average

    08/01/2016 4:04:15 AM PDT · by expat_panama · 8 replies
    Investors Business Daily ^ | July 29, 2016 | Editorial
    Economists were surprised Friday when the Commerce Department reported that growth in the second quarter of this year was a mere 1.2%. But the real surprise is that anyone is surprised when the economy underperforms, since that's what it has been doing for the past seven years. There has not been a single year in the past seven when the economy did better than President Obama promised...... ...had Obama's recovery — which is now in its 28th quarter — been as robust as the average of the past 10 recoveries, the nation's economy would be $2.2 trillion — with a...
  • Dogs Are A Great Source Of Comfort After A Tragedy — Here's Why

    07/04/2016 4:47:27 PM PDT · by blam · 43 replies
    BI ^ | 7-4-2016 | Simone M. Scully
    Simone ScullyJuly 4, 2016On the Monday after the Orlando mass shooting, 12 specially trained golden retrievers arrived in Florida to do what they do best: provide comfort. The dogs are part of the K-9 Comfort Dog Team, a program run by the Lutheran Church Charities that now has 130 dogs in 23 states across the country. The dogs — all golden retrievers — deploy as part of the organization's disaster response team. Each dog was picked as a puppy because of its calm demeanor, and each one was trained to be gentle, comforting, and affectionate. They all do this without...
  • They're Selling Us a Recovery That Never Was

    05/27/2016 5:07:05 AM PDT · by expat_panama · 31 replies
    Real Clear Markets ^ | May 27, 2016 | Jeffrey Snider
    The United States Constitution declares in Article I, Section 2 that "representation and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers." To accomplish this foundation for proportional government, Article 1 tasked federal authorities with "actual enumeration" within three years of the first meeting of Congress and then every ten years thereafter. The first Census was carried out in 1790 with Thomas Jefferson the nominal supervisor as Secretary of State. In fact, the first Census-takers were actually Federal Marshals deputized by each of the US Judicial Districts.That...