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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (883381)	8/29/2015 11:49:22 AM
From: Wharf Rat	1 Recommendation Recommended By zax Respond to of 1576053

The three best charts on how Clinton’s surpluses became Bush and Obama’s deficits By Ezra Klein September 5, 2012 There's a reason Bill Clinton is on the stage tonight. When he was president, America enjoyed a booming economy and surpluses (here are some charts). Since he left the White House, things haven't been quite as good. washingtonpost.com

To: i-node who wrote (883381)	8/29/2015 11:55:18 AM
From: Mongo2116	Respond to of 1576053

THANKS OBAMA WASHINGTON (MarketWatch) — The U.S. economy looks much more vigorous in the second quarter than previously thought, as a report released Thursday showed businesses got off the sidelines and spent some money. The acceleration in business investment, if it’s sustained, could add to the economy’s momentum in the months ahead. The data show why the Federal Reserve is considering hiking interest rates at its next meeting in September. The U.S. economy grew at a faster 3.7% annual pace in the second quarter, up from the initial estimate of growth at a 2.3% clip, t he Commerce Department said Thursday. Economists polled by MarketWatch forecast gross domestic product would be revised up to 3.3%, but business investment was stronger than expected. The government estimated last month that gross domestic product expanded at a seasonally adjusted 2.3% clip from April to June. U.S. stocks, which have gyrated over the concerns about China’s economy, climbed on Thursday. Consumer spending, the main driver of U.S. economic activity, led the way as usual. Outlays were revised up to 3.1% from 2.9% in the second quarter after a tepid 1.8% gain in the first three months of the year. What’s more, newly revised figures from the Commerce Department show that businesses invested at an even faster rate. Businesses increased investment by 3.2% increase of a drop of 0.6%, with spending on structures such as office buildings rising by 3.1% instead of a drop of 1.6%. One reason businesses might have invested more: Corporate profits jumped an estimated 2.4% in the second quarter after declining by 5.8% in the first quarter. And they boosted spending on equipment by 10.7%, rather than 7%.. It’s not clear this pace can be sustained. For instance, state and local government spending was boosted to 4.3% from 2.0%, the fastest pace since 2001. Economists don’t think this will last. And the value of inventories, which adds to GDP, increased by $121.1 billion in the second quarter instead of a previously estimated $110.0 billion. This is expected to subtract from growth in the third and fourth quarter. But real final sales to private domestic purchasers, a measure of activity without inventories, saw a stronger upward gain than many economists expected, from 2.5% to 3.3%. Economists polled by MarketWatch forecast the U.S. will grow at a 2.8% pace in the July-September quarter. But that was before this week’s financial market volatility. Inflation as measured by the PCE price index rose at a 2.2% annual rate. William Dudley, the president of the New York Fed, said Wednesday that recent economic data has been pretty positive. He indicated that he had been at least very close to backing a rate hike at the Fed’s Sept. 16-17 meeting.

To: i-node who wrote (883381)	8/29/2015 11:58:34 AM
From: Mongo2116	Read Replies (1) \| Respond to of 1576053

YOU WANT TO RE-WRITE HISTORY ALSO???LOL!

To: i-node who wrote (883381)	8/29/2015 12:49:14 PM
From: tejek	Respond to of 1576053

Seattle's hot summer claims final heat record left on the books By Scott Sistek Published: Aug 27, 2015 at 12:30 PM PDT Really, it was only a matter of time... With this summer's heat claiming record after record after record, you had to assume some of the last stragglers to cling to the weather books were doomed. The last big one finally gave way Wednesday. Seattle reached 83 degrees Wednesday afternoon, the 48th time the city hit 80 degrees this year, breaking the all-time record of 47 set in 1958. We had already smashed the records for most 85 degree days in a year, and most 90 degree days in a year, and also captured the record for most consecutive days at or above 70 degrees (62), and tied the records for streaks of 80+ (15) and 90+ (5). July was the hottest month on record, of any month. June was the hottest June. August will go down as the 19th straight month above normal. We've essentially clinched the hottest summer on record. Here's the "summer scoreboard:" read more................ http://www.komonews.com/weather/blogs/scott/Seattles-hot-summer-claims-final-heat-record-left-on-the-books-323128211.html