We also might have been in better shape now if, beginning twenty years ago, we began a major rebuild of our railway infrastructure. But we blew that off, too, and shortly it will be very difficult to get around this geographically large country by any mechanical means. It may be too late now to do anything about that for the financing reasons already touched on — and which I will elaborate on next. The bottom line is that President Donald Trump will be overwhelmed by a sea of financial troubles from the very get-go, and here’s why.
It was Lee’s bullishness that made him the least accurate strategist on Wall Street in 2015, when the S&P 500 slid 0.7 percent. He doubled down in 2016 as the benchmark climbed 9.5 percent, and while his target overshot once again, he correctly predicted that the Federal Reserve’s decision to wait until December to hike rates and a recovery in corporate earnings would underpin stock gains into year-end.
The report was issued shortly after Trump met in New York with top intelligence officials for a briefing on their findings that Russia was responsible for the hacking of Democratic Party computers and the leaking of e-mails damaging to Democratic presidential nominee Hillary Clinton. Trump has long questioned the conclusion that Russia was behind the breach, a stance that has put him at odds with some top congressional Republicans.
What’s the $80-plus billion dollar per year US Intelligence Community’s big beef with RT? One of its big complaints is that RT undermined US democracy when it “broadcast, hosted, and advertised third-party candidate debates…” We are to believe that Russia undermined our political system by giving voice to official yet minor US political parties? Democracy is undermined when the democratic process is highlighted?
Older Americans Are Retiring in Droves (jdargis)
For more than five years, the six-month trend for this figure — a significant demographic source of downward pressure on the headline labor force participation rate — had been heading higher, before plateauing for most of 2016. The labor force participation rate for this cohort tanked by a full percentage point, to 23.6 percent, in the final quarter of the year.
Data on flows in and out of the labor force back up this story, with the six-month trend in Americans moving from employment to outside the workforce (a loose proxy for retirements) notably accelerating since October.
If the EIA’s reports are unrealistic, why bother? Well, they have a number of useful purposes. For example, this year’s report examines what might happen with and without Obama’s Clean Power Plan and projects what might happen if oil and gas exploration run up against technological or policy issues that keep the current extraction boom from continuing indefinitely. In addition, the report helps gauge the effect of current policies; if policies create an energy economy that’s in some way deficient, then we can give serious consideration to how to change the policy environment.
Has U.S. Gasoline Demand Peaked? (Josh O.)
As the result of a shift towards heavier SUVs and trucks, U.S. gasoline demand has climbed. Consumption is always seasonal, but the annual peaks began to decline after the financial crisis as a tepid economy combined with fuel efficiency efforts cut into demand. But the collapse of crude oil prices in 2014 reversed the trend, with consumption rising substantially over the past three years. That has led to the average fuel economy of the entire auto fleet to stagnate at 25 miles per gallon, where it has stayed since 2014.
“We’re expecting heavy, heavy rain. It starts out as snow then turns to rain then turns to snow again,” Hammitt said. “We’re concerned about the melt increasing waterways and all the lakes.”
Hammitt recalled storms in 1997 and 2005 when runoff overwhelmed local rivers and creeks and sent water into roads and homes, lifting some buildings off their foundations.
Gold & Silver
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