Follow-Up to July 27 Post:: Q2 GDP Growth Below Estimates

U.S. second quarter GDP increases at sluggish 1.2% annual rate    

By Greg Robb

Published: July 29, 2016 8:46 a.m. ET

WASHINGTON (MarketWatch) -- The U.S. economy grew at a tepid 1.2% annual rate in the second quarter, held down by a large decline in business investment, the Commerce Department said Friday. The second quarter gain was well below the 2.6% rate economists surveyed by MarketWatch had forecast. Adding to the sense of weakness, first quarter growth was also revised down to a 0.8% annual rate from the prior estimate of a 1.1% gain. Lackluster growth could derail the Federal Reserve's intentions to raise interest rates at a gradual pace. The weaker than expected growth could also make the economy a bigger issue in the presidential election campaign.

Source: http://www.marketwatch.com/story/us-second-quarter-gdp-increases-at-sluggish-12-annual-rate-2016-07-29?mod=BreakingNewsMain&link=sfmw_tw

 

Why would the US have a strong GDP when all partnering countries are struggling? HELLO??? The US economists must believe they are living on a huge island, oblivious to what is really happening around world !!

 

Infographic below from http://www.tradingeconomics.com/united-states/gdp-growth-annual/forecast

 

 

Arizona Mexico Transnational Initiative Moves Forward

Meetings kicking off I-11 corridor study draw big turnout Hundreds provide input on Nogales-to-Wickenburg corridor

PHOENIX – The numbers speak volumes about Arizona’s interest in the proposed Interstate 11: Six public meetings held recently attracted 540 community members who shared comments and questions. Hundreds more offered their perspectives online.
The Arizona Department of Transportation’s Interstate 11 study team visited Casa Grande, Buckeye, Nogales, Tucson, Marana and Wickenburg to involve the community in a process known as public scoping, part of an environmental study to select a corridor alternative between Nogales and Wickenburg.

That had ADOT representatives answering questions, receiving feedback, and encouraging attendees to mark suggestions and concerns on maps of the 280-mile-long corridor study area.
“We’re excited about the high level of interest and engagement that we’ve seen,” ADOT Director John Halikowski said. “The great turnout and the opportunity for the public to tell us what’s important to them are critical to this process.”
No specific routes for I-11 have been chosen or favored at this early stage in the process. ADOT’s goal is having a selected corridor alternative in place at the end of the environmental study. A no-build alternative will be considered as well.
The next formal public involvement opportunity will begin early next year, when the study team will present possible routes for I-11.
In addition to those who attended the June meetings, 125 people submitted comment forms or surveys and 522 people completed an online survey during a 45-day comment period.
The study team, which also held scoping meetings in Phoenix, Casa Grande and Tucson with representatives of 21 federal, state and local agencies, will now analyze the feedback.
Anyone interested in sharing their views about the study can do so at any time throughout the study process. Information and materials, including a map of the corridor study area, are available at i11study.com/Arizona.
Comments can be provided via mail, email and voicemail:

• Email: I-11ADOTStudy@hdrinc.com
• Toll-free bilingual telephone hotline: 1-844-544-8049
• Mail:

Interstate 11 Tier 1 EIS Study Teamc/o ADOT Communications1655 W. Jackson St., Mail Drop 126FPhoenix, AZ 85007
 
Read more at: azdot.gov/media/News

Mesa Now #38: Mesa Library

Published on July 27, 2016
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City Manager Chris Brady appears on camera and controls the on-air Mesa Channel 11 upload production

Amadeus Airport Operational Data Base (AODB): An Intelligent Way to Mana...

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At the heart of every airport is data. Making information accessible,manageable and meaningful to all stakeholders is a major challenge. Amadeus AODB has revolutionised the airport landscape with an intelligent, multi-airport database application.

Bureau of Economic Analysis > New Release GDP Q12016

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Wednesday, July 27, 2016

BEA 16—39

Gross Domestic Product by State: First Quarter 2016

Construction Led Growth Across States in the First QuarterReal gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Real GDP by state growth, at an annual rate, ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota. Construction; health care and social assistance; and retail trade were the leading contributors to U.S. economic growth in the first quarter.

Construction grew 9.0 percent in the first quarter of 2016—the eighth consecutive quarter of growth for this industry. This industry contributed to growth in 47 states and the District of Columbia and 1.1 percentage points to the 1.7 percent growth in real GDP in Hawaii.

Health care and social assistance grew 3.8 percent in the first quarter. This industry contributed to growth in every state and the District of Columbia.

Retail trade grew 4.8 percent in the first quarter. This industry contributed to growth in 47 states and the District of Columbia and 0.59 percentage point to the 3.9 percent growth in Washington.

Other highlights

• Although agriculture, forestry, fishing, and hunting was not a significant contributor to real GDP growth for the nation, it had an important impact on economic growth in several states. This industry contributed 2.21 percentage points to the 3.9 percent growth in Arkansas—the fastest growing state in the first quarter. By contrast, this industry subtracted more than 3.4 percentage points from real GDP growth in Iowa, North Dakota, and South Dakota, which declined 2.6 percent, 11.4 percent, and 2.8 percent, respectively.
• Mining declined 11.1 percent for the nation in the first quarter. This industry subtracted 1.82 percentage points from real GDP growth in Wyoming, which declined 4.9 percent, and more than 2.0 percentage points from Alaska, North Dakota, and West Virginia, which declined 1.0 percent, 11.4 percent, and 2.5 percent, respectively.
• Transportation and warehousing declined 8.8 percent for the nation in the first quarter. This industry subtracted from real GDP growth in all states and the District of Columbia. This industry subtracted 1.06 percentage points from real GDP growth in Wyoming and 1.63 percentage points in North Dakota.

Upcoming Revision of the Gross Domestic Product by State Accounts. Revised statistics of gross domestic product by state, covering the first quarter of 2013 through the first quarter of 2016, will be released along with the second quarter of 2016 on December 7. These revisions will be consistent with the results of the annual revision of the national income and product accounts, which will be released on July 29, and the annual revision of the industry economic accounts, which will be released on November 3.

Next release — December 7, 2016 at 8:30 A.M. EST for: Gross Domestic Product by State: Second Quarter 2016 and Revised Gross Domestic Product by State

The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm

Labour: The clue's in the fucking title!

Published on Jul 24, 2016

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Pie's easy to follow guide to where Labour is on the political scale.

Global Playback feature on Flightradar24.com

Published on Jul 15, 2016

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This is a short informational video on how to view historical flight playback on the main map screen on Flightradar24.com.