"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
They also cite the Penn St. guy who tried to hide the decline, and I don't mean the perverted football coach.
Beyond that, it is insulting and offensive to see that after record-setting winters 'r'oun' h're, and a yet to arrive summer (humid, but cold, cloudy, and rainy again today after two days of sun).
Also see: UN climate change official welcomed
Please tell me they did not arrive by plane.
"Manufacturing helps spur rebound" by Shobhana Chandra and Victoria Stilwell | Bloomberg News June 03, 2014
WASHINGTON — Factories are helping spur a second-quarter economic rebound after a slowdown in inventory-building led to the first contraction in three years. Sustained demand from consumers, combined with corporate orders for machinery and equipment, are helping propel sales.
‘‘The case for better growth is very good,’’ said Ethan Harris, co-head of global economics research at Bank of America in New York. ‘‘We’re kind of at the point where the economy should really have a chance to pick up speed.’’
We have been hearing the same $hit from these $cum for years, for years!!
********
Other factory reports from around the world were mixed. Manufacturing in the euro area grew at a slower pace amid weakness in France. Factories in China expanded in May at the fastest pace in five months.
Keep that in mind for later.
The US housing recovery also is helping manufacturers as it generates sales of building equipment to appliances such as washers and cooking ranges. Whirlpool Corp. is among businesses that are upbeat.
What housing recovery?
‘‘We are, I would say, still in the early stages of a rebound in the housing market,’’ Chief Financial Officer Larry Venturelli said.
I was told.... never f***ing mind.
--more--"
"US factory orders up for third month in April" by MARTIN CRUTSINGER | AP Economics Writer June 04, 2014
WASHINGTON — Orders to US factories rose for a third consecutive month in April, pushed higher by a surge in demand for military hardware. But a key category that signals business investment plans fell.
It truly is a war economy, in every way, $hape, and form.
The Commerce Department said orders increased 0.7 percent in April following a 1.5 percent increase in March and a 1.7 percent gain in February.
Is there anyone who actually believes the bull$hit put out by U.S. government agencies anymore when it comes to the economy?
Those gains followed two big declines in January and December, which partly reflected a harsh winter....
The declines were during the critical and crucial holiday season, but don't you worry your little heads about that ma$$ive contradiction; if true, it means the economy is horrible.
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
Oh, yeah, then there is that.
The three solid gains in factory orders are seen as evidence that manufacturing is regaining momentum after a harsh winter and that is will provide support to the overall economy.
Related:
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
Uh-ho.
--more--"
$hift's over!
Time to head home:
"US auto sales hit 9-year high in May" by TOM KRISHER and DEE-ANN DURBIN | AP Auto Writers June 04, 2014
DETROIT —May is traditionally a strong month for the auto industry, as buyers spend their tax returns and think ahead to summer road trips. This year’s calendar, with five weekends, gave it an extra boost....
Why do I $en$e a BUT coming?
The surge helped erase doubts about the strength of the industry. January and February sales were weaker than expected as consumers spent more time shoveling snow than shopping.
Related:
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
$ay again, $hitter$?
June should bring more of the same, said Karl Brauer, a senior analyst with Kelley Blue Book.
May sales were driven by pent-up demand from the winter, he said, but the summer months will likely be strong because of other factors, including low interest rates, good lease deals and enticing new vehicles.
The $elf-delu$ion and lies are $omething to behold.
--more--"
Of course, I keep forgetting this paper is not written for me.
Related: GM report on recalls is expected Thursday
Maybe you would like to take a drive; I will gas up the car for you (still holding at $3.71 out here).
"Before recalls, safety was low in GM hierarchy" by Tom Krisher | Associated Press June 04, 2014
DETROIT — To understand how General Motors allowed a problem with a small part to balloon into a crisis, look at the organizational chart.
As of early last year, the director of vehicle safety was four rungs down the ladder from the CEO, according to a copy of the chart obtained by The Associated Press. Finance, sales, and public relations had a direct path to the top.
*******
That structure — as well as what the new chief executive, Mary Barra, has called a culture that valued cost savings over safety — is likely to be a target in a report expected this week from a former US attorney, Anton Valukas.
It's a money-junkie culture is what it is.
He was hired by GM to investigate why the company took more than a decade to recall millions of cars with a defective ignition switch that is linked to at least 13 deaths.
Ford and Chrysler have safety directors higher on their charts than GM’s. Management experts say safety ranks higher at many other companies, especially at food, drug, and chemical makers. Some safety chiefs have direct access to the CEO.
It’s unclear if the report will discuss the role of top managers in the crisis. No evidence suggests that top GM executives knew about the switch problem before late last year.
How could they not know?
Internal investigations typically blame bureaucracy, not bureaucrats, says Erik Gordon, a business and law professor at the University of Michigan.
See: Citigroup Caused Mexican Oil $lick
‘‘Generally they come up with something that looks good enough to the outside world without damaging top management,’’ Gordon says.
Valukas is expected to recommend streamlining the bureaucracy so employees can more easily report problems. Barra has already taken steps in that direction.
********
The old structure showed workers that safety wasn’t of top importance to management, says Kathryn Harrigan, professor of business leadership at Columbia University.
That's nice to know.
Harrigan suggests that GM form a safety committee, as at some food and chemical companies. DuPont is so well regarded for its safety culture that others seek its guidance.
At Chrysler, the safety chief reports to the head of engineering, who reports to the CEO. Ford’s safety director reports to a vice president who reports to Mark Fields, chief operating officer and soon-to-be CEO.
Still, Ford was fined more than $17 million last year for not acting quickly to recall Escape SUVs with sticking accelerators.
Yeah, turns out they all $uck.
At GM, safety was under Barra for nearly three years in her old job as head of product development, although the head of safety did not report directly to her. Barra has said she did not know details of the switch problem until Jan. 31.
She was appointed to cover things up!
But Gordon says Barra shouldn’t feel vindicated if the report blames the company’s structure. ‘‘This bureaucratic bungling system that let this happen was under her,’’ he says.
Regulators also criticize GM’s structure. David Friedman, of the National Highway Traffic Safety Administration, said GM had ‘‘systemic problems’’ that left the switch defect unaddressed.
You heard me talking on the drive how the regulators were MIA, right?
--more--"
Looks to me like they are all guilty of murder, but corporate crimes go unpuni$hed here.
But back to bu$ine$$:
"US businesses pulled back on hiring in May, adding the fewest jobs in four months, a private survey showed. The data suggest that the government’s jobs report, to be released Friday, could also show a modest slowdown. But....
Pffft!
US service firms grew more quickly last month as production, hiring, and new orders increased, adding to signs that the economy is accelerating after dipping at the start of the year. The report points to solid growth after a brutal winter caused the economy to shrink 1 percent during the January-March quarter. The gains in new orders and the backlog of existing orders suggest a faster rate of hiring in the months ahead as businesses rush to meet the demand."
Been told that same bull$hit for years, for years!
Related:
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
Yeah, well!
Also see:
AIM: State business confidence rises in May
New England economy growing moderately, according to Fed
"US productivity falls at 3.2 percent rate in 1Q" by Martin Crutsinger | Associated Press June 05, 2014
But stocks are higher so who giz a$hit?
WASHINGTON — US productivity fell even more than previously thought in the January-March period while labor costs rose at a faster pace.
That is a fancy way of saying you were lied to earlier.
Productivity, the amount of output per hour of work, declined at an annual rate of 3.2 percent in the first quarter, the weakest showing since the beginning months of the recession in 2008, the Labor Department reported Wednesday. Unit labor costs rose at a 5.7 percent rate, the fastest pace in more than a year.
Rising labor costs and falling productivity can be a cause for concern if they are an indication that inflation is worsening. But the first quarter performance was seen as a temporary bump caused by an unusually harsh winter that caused the economy to go into reverse. A strong rebound is expected in the current quarter.
See:
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
SIGH! Can't breathe. Choking on gas.
Initially, the government reported that productivity fell at a smaller rate, 1.7 percent, in the first quarter, and put the rise in labor costs at a 4.2 percent rate.
They were changed based on new figures for the economy’s overall first-quarter output, as measured by the gross domestic product. Instead of the GDP growing at a tiny 0.1 percent rate in the January-March period, the government reported last week the economy actually shrank, falling by 1 percent.
It's only grown at the top.
Analysts believe overall GDP and productivity will bounce back in the current April-June period.
They expect further job gains will lift incomes and spur consumer spending in the second half of the year.
The $elf-delu$ion and lies are $omething to behold.
--more--"
Further $igns of a $trengthening economy:
"US trade deficit at two-year high in April" by Martin Crutsinger | Associated Press June 05, 2014
WASHINGTON — The US trade deficit jumped to a two-year high in April, as exports declined and imports surged to a record high....
Sure as hell does not look like a recovery to me.
Exports dropped for the fourth month out of the past five....
Meanwhile, imports climbed to a record high....
A wider trade deficit can act as a drag on growth because it means US companies are earning less from their overseas markets. But it could also indicate rising US demand as the country shakes off the effects of a harsh winter.
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
‘‘We’re obviously wary of falling back on using the weather as an excuse again, but the extreme cold winter, coupled with the drought in California, does partly explain why the US is suddenly importing a lot more food and exporting less,’’ said Paul Ashworth, chief US economist at Capital Economics....
The other part of the explanation is the rest of the world does not want our GMO $hit. Won't find that in my whoreporate paper though.
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
Do I have to keep.... oh, $tink!
A larger trade gap in the first three months of this year compared to the fourth quarter shaved nearly a full percentage point from growth. Gross domestic product shrank at an annual rate of 1 percent in the first quarter, also hurt by less business stocking of store shelves and a severe winter that disrupted consumer spending and factory production.
Do I have to....
"In the Northeast, the temperatures are pushed up by milder winters and warm water in the North Atlantic, said Kevin Trenberth, climate analysis chief at the National Center for Atmospheric Research. And less snow on the ground in the winter often means warmer temperatures, said Alan Betts, a climate scientist at Atmospheric Research in Pittsford, Vt."
(Cough)
But economists expect a strong bounce back in the current April-June quarter. However, a domestic energy boom may help narrow the trade gap further this year. US petroleum exports rose to a record high in 2013.
See: Finishing the Month With Fracking
I wouldn't count on that for much longer. At least the drinking water will be ruined.
The stronger production also eased America’s dependence on foreign oil, cutting petroleum imports by 10.9 percent. In April, imports of petroleum fell 2.2 percent to $29.8 billion, while US exports rose 3.1 percent to $11.8 billion.
The deficit with the 28-nation European Union hit a monthly record of $14 billion in April as imports from that region hit a record high.
America’s trade gap with China jumped 33.7 percent to $27.3 billion in April, the largest gap since January. The US deficit with China is the largest with any country, and this year’s imbalance is running ahead of last year’s record pace.
And yet our government is haranguing the hell out them and trying to start a war. If I were China, I would cut off all trade. F*** the AmeriKans.
That is putting pressure on the Obama administration to take a tougher stand on what critics see as unfair trade practices by China.
Just as long as they don't dump all those Treasury bonds all at once and cause a crisis for the Fed.
They say Beijing is manipulating its currency to keep it undervalued against the dollar.
That's rich considering that Fed printing press that never stops running.
Un-f***ing-believable.
That makes Chinese goods cheaper in the United States and American products more expensive in China.
Yeah, but on the flip side it makes cheap Chinese crap manufactured by AmeriKan corporations much cheaper and affordable for our increasingly impoverished citizens.
The administration last month said it had won a major victory before the Geneva-based World Trade Organization in a case in which the United States had challenged China’s imposition of penalty tariffs on the sale of $5 billion in US-made vehicles in China.
Related: Hacker Helped FBI
Who is doing the hacking again?
Also in May, the Justice Department charged five Chinese military officers with hacking into US companies’ computer systems to steal trade secrets. The case was viewed as evidence of the increased commercial strains between the world’s two biggest economies.
Yes, I will be dealing with these and many other issues as my focus again turns to the foreign news over this weekend.
--more--"
Umm, guys, the thing about propaganda is you can't market a steaming, stinking $hit pile everyone can $mell. What kind of second-tier talent is writing this $hit these days anyway?
(Final exhale)
NEXT DAY UPDATES:
DEA targets doctors linked to medical marijuana
"The average annual cost of natural disasters has quadrupled over the last three decades and it makes economic sense to boost spending on preparedness to ensure a stable future, Kristalina Georgieva, European commissioner for humanitarian aid and crisis response, told a conference on disaster risk reduction and management of the Asia-Europe Meeting Thursday. Philippine President Benigno Aquino III said effects of climate change are worsening at an alarming pace, with typhoons becoming stronger, more frequent, more devastating, and larger in scale."
The liar mu$t want $omething.
As for the typhoon, you can scroll through my up-to-date Philippines file to see how concerned my propaganda pre$$ is about that.
Meanwhile, a photograph on page A10 of my printed paper tells me hail fell in South Dakota yesterday.
Speaking of the sky falling:
"Slightly more Americans sought unemployment benefits last week, but claims for jobless aid continue to be anchored near seven-year lows. Applications are a proxy for layoffs, so the running average suggests employers are letting go of fewer workers. When businesses are confident enough to hold onto staff, they may also step up hiring. That is a positive sign ahead of May’s jobs report to be released Friday and indicates steady hiring in the months ahead."
Nothing about a harsh and brutally cold winter today.
GM says inquiry found ‘pattern of incompetence’
But no cover up!
Is that really a surprise after what you read above?
