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Phoenix68

Back, Before The Average-Teabagger Could Read....

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IMPROVING WORLD GROWTH OUTLOOK
January 15, 2014

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"Signs the global economy is starting to move up a gear pushed world share markets higher on Wednesday, while the dollar made gains in the wake of surprisingly strong U.S. consumer spending figures.

Wall Street was seen opening up around 0.2 percent, with another flurry of earnings already in focus, as well as the NY Empire manufacturing survey, December PPI and Fed Beige Book data later. .N

Helping the better mood overall, the World Bank upgraded its forecast for global growth this year by two tenths of a point to 3.2 percent, and predicted a faster pace for both 2015 and 2016."

 

https://ca.reuters.com/article/businessNews/idCABRE96S00E20140115

 

 

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On 1/22/2018 at 1:26 PM, Phoenix68 said:
 

 

You out did yourself with this one.

 

Take some beer money out of petty cash, and give yourself a raise.

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9 minutes ago, skews13 said:

You out did yourself with this one.

Take some beer money out of petty cash, and give yourself a raise.

 

Yeeeeaaaarrrrs of references; i.e. "conservatives" worst-nightmare....DOCUMENTED HISTORY!!!!

 

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U.S. Industry Shows MUSCLE!
January 17, 2014

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"U.S. industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy's brightening prospects.

Manufacturing production rose a stronger-than-expected 0.4 percent in December after an out-sized 1.0 percent increase the prior month, a Federal Reserve report on Friday showed.

That helped push overall output at the nation's factories, mines and utilities up 0.3 percent last month. Economists polled by Reuters had expected factory output to rise 0.3 percent, while the gain in overall industrial production matched forecasts.

"It adds to the evidence that the fourth quarter was a good one," Gus Faucher, a senior economist at PNC Financial Services in Pittsburgh. "It also provides further evidence that the slowdown in employment growth in December was a fluke."

 

 

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"Fannie Mae will pay the Treasury Department $7.2 billion after reporting an eighth consecutive quarterly profit, pushing its total dividend payments above the amount of government aid it received after the financial crisis.

The mortgage-finance company, which is operating under federal conservatorship, had net income of $6.5 billion for the three months ended Dec. 31, Washington-based Fannie Mae said today in a regulatory filing. That brought earnings for 2013 to $84 billion, the highest ever for the 80-year-old firm.

After its latest dividend payment, Fannie Mae will have sent the Treasury a total of $121.1 billion, compared with the $116.1 billion of federal aid it received. The company also counts an additional $1 billion in senior preferred stock the Treasury obtained in 2008 as part of its total aid package."

 

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Obamacare "Horror Stories"
February 21, 2014

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"Kevin Drum wonders whether there's a single genuine Obamacare horror story out there, given that virtually every yarn promoted by Republicans or conservatives about people hurt by the Affordable Care Act has deflated like a pricked balloon on the merest examination.

It's a very good question, inspired by the latest horror story bloomer -- the tale of one Julia Boonstra of Michigan, wholesaled by the Koch-founded conservative organization Americans for Prosperity. In a political ad being run by AFP against a Democratic senate candidate in Michigan, Boonstra asserts that "Obamacare" has made her leukemia treatment "unaffordable" and "jeopardized" her health."

 

 

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I'm Quitting My Job!
Thanks, Obamacare
!!!!
February 25, 2014
 

"Now that Karen Willmus can get health insurance through Obamacare, she plans to quit teaching 9th grade English at the end of the school year.

The 51-year-old found policies on the Colorado state exchange for about $300 a month. That's less than what she's paying now for employer-sponsored coverage and less than half what she paid on the individual market in 2007.

Like Willmus, millions of people could quit their jobs or cut back on their hours in coming years because of Obamacare, according to a recent report from the Congressional Budget Office.

The report found that Obamacare could reduce the labor force by the equivalent of 2.5 million workers by 2024, as many Americans may opt to work less to retain eligibility for Medicaid or subsidies. That sparked a fresh round of criticism that health reform is hurting the economy.

But for some, Obamacare is allowing them to become entrepreneurs or retire a few years early since they'll be able to find affordable individual coverage for the first time.

Instead of eating bonbons on her couch, Willmus plans to start her own business with her teen daughter publishing materials for non-native English speakers and others looking to improve their literacy. She expects to work even more than she does now and hire two or three people.

"I can't afford to go out and buy insurance while trying to start a business," said Willmus, of Colorado Springs, Colo. "Obamacare will allow me to be more comfortable at risking what I own."


 

 

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January: New Home Sales UP!
February 26, 2014


"U.S. $ale$ of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates.

Sales of new homes increased 9.6 percent in January to a seasonally adjusted annual rate of 468,000, the Commerce Department reported Wednesday. That was the fastest pace since July 2008.

The rise came as a $urpri$e to economists who had been forecasting a sales drop in January, in part because of a belief that activity would be held back by bad winter storms in many parts of the country."

 

https://www.marketpulse.com/20140227/us-home-sales-rise-january/

 

 

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U.S. Job Growth
March 7, 2014
 


"U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.

Employers added 175,000 jobs to their payrolls last month after creating 129,000 new positions in January, the Labor Department said on Friday. The unemployment rate, however, rose to 6.7 percent from a five-year low of 6.6 percent, as Americans flooded into the labor market to search for work.

"It reinforces the case for the economy being stronger than it's looked for the last couple of months," said Bill Cheney, chief economist at John Hancock Financial Services in Boston. "It makes life easier for the Fed and feeds into continuing the tapering process."

The report also showed the largest increase in average hourly earnings in eight months and the payrolls count for December and January was revised up to show 25,000 more jobs created during those months than previously reported."

 

 

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"The job market picked up more than expected in February, led by strong hiring in professional and business services.

"It's just a steady-as-she-goes recovery. Not fast enough, but not easy to derail," said Justin Wolfers, senior fellow at the Brookings Institution on Twitter.

 

Economists had been expecting a weaker jobs number due to colder than usual weather throughout much of the country in February. Ice and snow can postpone hiring if businesses close, or even cause a decline in outdoor jobs, like construction.


That didn't happen though. Instead, hiring picked up across many sectors. Construction added 15,000 jobs, restaurants and bars added 20,100 jobs and education and health services added 33,000 jobs."

 

 

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Stocks May EXTEND Rally
March 7, 2014
 


"Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals - it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.

February's jobs report followed two straight months of payroll reports that were sharply below expectations, and the rebound reinforced the theory that the weakness in December and January had been temporary, related to weather as opposed to worsening fundamentals.

"We're hoping the payroll report means we're on a stronger footing going ahead and that we can get more robust growth going forward," said Michael Mullaney, chief investment officer of Fiduciary Trust Co in Boston.

"Now we're trading on fundamentals, which we think are fine. We're comfortable still being long on the market."

 

 

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Obama Approval = 48%!!!
March 11, 2014
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"President Barack Obama is rebounding from record-low approval ratings as he remedies the botched rollout of his health-care website and moves past the budget standoffs of the last several years.

Less than eight months before the November midterm elections, Americans are evenly split, with 48 percent approving of Obama’s job performance, up from 42 percent in December -- the biggest positive change of his presidency, according to a Bloomberg National Poll. He’s also registering an improved favorability rating at 49 percent, the highest since last June."

 

https://www.aol.com/article/finance/2014/03/12/obama-approval-split-majority-back-minimum-wage-hike/20848391/

 

 

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VICTORY!!!!
March 13, 2014
 


"Despite all the posturing, all of the lies and the smears, and all of the feet-stomping tantrums from the GOP and Teabaggers, President Obama and the Democrats scored a major victory.

Earlier today, the Senate Republicans finally caved regarding the unemployment extensions; and they’re paid for in part by taxes on large corporations (such things exist? Apparently Santa is real).

The bill backdates all unemployment extension to December 28 of 2013, and extends coverage up to five more months. This means that the 2 million people who were cut off unemployment because of the political farce that calls itself the Republican party didn’t extend the unemployment benefits at the time. What’s more, the CBO states that this unemployment extension could save 200,000 jobs, so it’s not just the unemployed that will benefit from it (which takes us right back to this apparently nonsensical notion that in order to run a consumer-based economy, you need consumers who will consume goods and spend money doing so)."

 

https://masteradrian.wordpress.com/2014/03/14/huge-victory-for-the-american-people-as-republicans-implode-on-unemployment-benefits/

 

http://www.politicususa.com/2014/03/13/victory-democrats-senate-unemployment.html

 

 

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"U.S. manufacturing output recorded its largest increase in six months in February and factory activity in New York state expanded, in the latest signs that economic activity was gaining momentum after being dampened by severe weather.

Factory production increased 0.8 percent last month, its largest increase since last August, the Federal Reserve said on Monday. That followed January's 0.9 percent decline, which was the largest drop since May 2009.

In a separate report, the New York Fed said its "Empire State" general business conditions index rose to 5.61 in March from 4.48 in February. There was an increase in new orders and shipments, as well as inventories.

"U.S. factories seemed to make up for lost time. This provides some hope that we are beginning to move past the period of weather-impacted activity," said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto.

The manufacturing data added to reports such as retail sales and employment that have suggested the economy was regaining strength after abruptly slowing down at the end of 2013 and early this year as an unusually cold winter took its toll."

 

 

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"The U.S. current account deficit tumbled to a 14-year low in the fourth quarter as exports touched a record high, a government report showed on Wednesday.

The Commerce Department said the current account gap, which measures the flow of goods, services and investments into and out of the country, narrowed to $81.1 billion.

That was the smallest since the third quarter of 1999 and followed a revised $96.4 billion gap in the third quarter.

For all of 2013, the current account deficit averaged 2.3 percent of GDP, the smallest since 1997.

Economists expect the deficit to narrow further as an inventory correction weighs on imports. A decline in petroleum imports as the United States ramps up domestic production is also seen helping the current account."

 

 

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"The state’s labor department today said Massachusetts added 3,800 jobs in February and cut its unemployment rate to 6.5 percent from 6.8 percent in January.

The shift now puts Massachusetts' jobless rate below the nation's again. The national average was 6.7 percent last month.

Using data supplied by the U.S. Bureau of Labor Statistics, state officials said February’s jobs increase means the state has added 47,600 jobs over the last year. The bureau revised the number of jobs lost in January down to 3,900 from its original estimate of 4,500.

Sectors that saw the biggest increases last month included the professional, scientific and business services sector, which was said to have gained 6,200 jobs, as well as the trade, transportation and utilities sector, which gained 3,200 jobs."

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"U.S. stocks rose on Thursday, boosted by a read on factory activity that was much stronger than expected, which offset the prospect of an earlier-than-expected rate hike.

Wall Street opened lower, but reversed course after the Philadelphia Federal Reserve Bank said its business activity index rose far more than expected in March, rebounding after a contraction in February. In another positive report, jobless claims rose less than expected in the latest week.

The data "shows that fundamentals are getting stronger every day, and that strength is getting firmer," said Frank Davis, director of sales and trading at LEK Securities in New York.

In her first press conference as chair of the Federal Reserve, Janet Yellen on Wednesday indicated that the first increase in interest rates could come in the first half of next year. She estimated the "considerable period" between the end of the Fed's stimulus and its first rate increase at possibly six months. Analysts widely expected a hike in the second half of 2015."

 

 

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"Economists for U.S. businesses are more optimistic about the recovery than they were three months ago, forecasting growth to accelerate this year after a slow start caused by severe winter weather.

The media projection in the quarterly survey by the National Assn. of Business Economics, released Monday, is for the economy to expand at a 2.8% annual rate this year. The figure is up from a projection of 2.5% in December.

The economy expanded at a 1.9% annual rate last year."

 

 

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"Consumer confidence surged last month to its highest level in more than six years as the economy showed signs of emerging from a deep winter chill.

The Conference Board's index, which is one of two key monthly measures of consumer attitudes, increased to 82.3 in March from 78.3 the previous month, the business group said Tuesday.

Economists had expected a slight increase after a drop in confidence in February. Instead, the index jumped to its best reading since January 2008, in the early days of the Great Recession."

 

 

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"The case had major significance for the administration of President Barack Obama. U.S. prosecutors wanted to demonstrate that they can secure a conviction in a sensitive terrorism case in a criminal courtroom, rather than rely on the stalled military tribunal system at the Guantanamo Bay detention centre."

 

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"Ya' screw with the bull...ya' get the horn!"

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U.S. Auto/Truck Manufacturing;

COMING-BACK, HOME!!!
March 28, 2014


"Ford Motor Co. will Friday announce plans to invest $500 million at its Lima, Ohio, engine plant to support production of a new, small six-cylinder EcoBoost engine for its new F-150.

Ford will add 300 jobs at the plant to manufacture a 2.7-liter EcoBoost engine that will be one of four available powertrains on its next-generation, aluminum-bodied F-150, which is scheduled to debut later this year.

“Our truck customers have spoken, and we continue to meet their evolving needs by providing another V-6 option in the all-new 2015 F-150,” said Joe Hinrichs, Ford’s President of The Americas, in a statement ahead of the announcement.

The Lima investment is Ford’s second Ohio manufacturing announcement this month. The automaker earlier confirmed it will shift production of its F-650 and F-750 medium-duty trucks from Mexico to Ohio Assembly Plant in Avon Lake, near Cleveland, early next year."

 

http://www.americanautocouncil.org/content/ford-invest-500m-ohio-engine-plant

 

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Con$umer $pending Increa$e$!
March 28, 2014


"Consumer spending in the U.S. rose in February by the most in three months as incomes increased, a sign that economic momentum was returning as Americans recovered from an unusually harsh winter.

Household purchases, which account for almost 70 percent of the economy, climbed 0.3 percent after a 0.2 percent gain in January that was smaller than previously estimated, Commerce Department figures showed today in Washington. The median forecast of 79 economists in a Bloomberg survey called for a 0.3 percent gain. Incomes also increased 0.3 percent.

Americans were shaking off the effects of the coldest winter in four years as they ventured out to shop, supported by a job market thats also picking up speed. Retailers from Gap Inc. to Macy’s Inc. are among companies that are waiting on warmer weather to gain clarity on the spending outlook.

“The momentum is shifting higher,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York, who correctly forecast the gain in spending. “It’s moving in the right direction, though we are starting from a lower base than otherwise would have been thought.”

 

http://www.investmentnews.com/article/20140329/FREE/140329889/consumer-spending-spurs-stocks-higher

 

 

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"U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.

Private employers added 191,000 workers to payrolls last month and 39,000 more were added in February than previously believed, payrolls processor ADP said on Wednesday.

The signs of solid hiring added to a steady stream of fairly upbeat data that suggests the economy started to accelerate as the grip of an unusually cold winter began to loosen and helps keep hopes alive that the U.S. economy's performance in 2014 will be its best since the recession ended almost five years ago."

 

 

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"The economy has generated enough private-sector jobs to replace all those lost during the recession, according to data released Friday by the U.S. Labor Department.

That was the headline news in an otherwise solid, but unremarkable, report. The unemployment rate remained unchanged at 6.7 percent, and payroll jobs were up by 192,000 in March.

In March, private-sector, nongovernmental jobs edged just above 116 million. Such jobs numbered just below 116 million when the recession began in December 2007. At the worst point after the economy faltered, in February 2010, that number had dropped to just below 107.2 million."

 

 

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