And the budget deficit, already below its 40-year average as measured against the economy, is likely to fall again this fiscal year, according to the Congressional Budget Office, which said on Friday that tax receipts in the first two months of the new fiscal year were 6 percent higher than a year ago, while spending was up only 2 percent. The budget office has already estimated the deficit for the current fiscal year would be 2.6 percent of the gross domestic product, down from 2.8 percent recorded in the fiscal year that ended Sept. 30. But that projection was delivered in August, before the spate of economic optimism.
There have been anecdotal hints for months that employers are facing new pressure to raise workers’ wages as the job market has gotten tighter. And Friday’s report is the first piece of real evidence in the official government data that it’s happening.
Why Poor People Stay Poor (jdargis)
It’s amazing what things that are absolute crises for me are simple annoyances for people with money. Anything can make you lose your apartment, because any unexpected problem that pops up, like they do, can set off that Rube Goldberg device.
The results showed that unfalsifiability led to polarization of beliefs. Opponents rated Obama’s performance more negatively than supporters, but the difference was larger in those who were never told about the data. This held true across all five issues, even though only two had been earmarked as falsifiable.
The World Cracks Down On The Internet (jdargis)
China’s place in the rankings won’t come as a surprise to many people. The notable part is that the report suggests that, when it comes to Internet freedom, the rest of the world is gradually becoming more like China and less like Iceland. The researchers found that Internet freedom declined in thirty-six of the sixty-five countries they studied, continuing a trajectory they have noticed since they began publishing the reports in 2010.
It is a strategy that will become increasingly important as more wind turbines and solar panels are connected, and produce electricity without any relationship to the level of demand.
So far, though, industry and government officials, along with a few environmentalists, are pointing to a variety of other, smaller benefits from a number of smart grid innovations around the country.
On Saturday, the United States Joint Typhoon Warning Center downgraded Hagupit from “super typhoon” status, and the Japan Meteorological Agency also lowered its designation from the highest level, “violent,” to “very strong.” Those assessments had also fluctuated on Friday. The monitoring site Tropical Storm Risk said Hagupit would probably come ashore as a Category 3 storm.
This week’s statewide rains have made little impact in relieving California’s extreme drought. In fact, according to a new scientific study, this drought is the worst that California has experienced in 1200 years. Researchers studying tree rings concluded that “the current event is the most severe drought in the last 1200 years, with single year (2014) and accumulated moisture deficits worse than any previous continuous span of dry years.”
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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