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Bouncing Back, Economy
Grew 4% for Quarter

New York Times, by DIONNE SEARCEY

Original Article

Posted By:addicted_to_coffee, 7/30/2014 10:50:34 PM

The United States economy rebounded strongly in the second quarter of the year, shaking off the negative effects of an unusually harsh winter and stirring hopes that it might finally be establishing a solid enough footing to put the lingering effects of the recession squarely in the past. The Commerce Department, in its initial estimate for April, May and June, reported on Wednesday that the economy grew at a seasonally adjusted annual rate of 4 percent, surpassing expectations.

Comments:
Misleading title --- seasonally adjusted 1%. I wonder how that will be adjusted later.

      


Post Reply  

Reply 1 - Posted by: ArthurDent, 7/30/2014 10:59:56 PM     (No. 9947239)

Past experience has convinced me to immediately distrust numbers given by this administration. Especially the first ones, which are almost always "higher than expected."

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Reply 2 - Posted by: miceal, 7/30/2014 11:00:42 PM     (No. 9947240)

Get back to me when this is readjusted in a few weeks.....

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R-G1
  


 
Reply 3 - Posted by: oh-heck, 7/30/2014 11:11:11 PM     (No. 9947250)

Coming from the NYT this no more credibility than if it came from Obama. Even Bill Clinton lies less.

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Reply 4 - Posted by: eoddad, 7/30/2014 11:13:58 PM     (No. 9947253)

Yea, and the Unemployment rate isn´t 18%. NYT´s continue to slide toward insolvency. Faster is better.

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Reply 5 - Posted by: Muncsdad, 7/30/2014 11:17:59 PM     (No. 9947261)

BS

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Reply 6 - Posted by: lil dotty, 7/30/2014 11:23:43 PM     (No. 9947267)

What a crock!


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Reply 7 - Posted by: 4justice, 7/30/2014 11:27:49 PM     (No. 9947269)

They just forgot the minus sign before the number, that´s all.

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R-TA-Wide
  


 
Reply 8 - Posted by: planetgeo, 7/31/2014 12:08:56 AM     (No. 9947295)

Anyone who believes ANY numbers from this administration is a gullible fool. Everything they put out is calculated for a specific effect. And why would they want these numbers to suddenly start zooming? Oh yeah...really critical election coming up.

Lying liars.

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Reply 9 - Posted by: californiadude, 7/31/2014 12:16:58 AM     (No. 9947297)

What #8 said. Plus there are still 92 million out of work since the messiah took over. As he said, "I won!"

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Reply 10 - Posted by: tomanderson61, 7/31/2014 12:48:24 AM     (No. 9947307)

Read the comments after the article.

Some commenters actually make some good points, and then, astonishingly, blame the Republicans.

How is it possible? How is it that we can have so many seemingly educated, totally stupid people? I have never in my life seen such irrational behavior.

Obama OWNS this. He has done nothing to help the economy, and the weak Republican House that has managed to stave off at least a smidgeon of this Administration´s damage is blameless. Obama passed the crashing/burning Obamacare without the Republicans, and ruled by executive order without the Republicans.

Remember that hilarious "King of the Hill" episode when Hank´s son Bobby´s boss almost gets the kid killed at the raceway, and an enraged Hang methodically goes after the guy and literally kicks him in the rear end repeatedly all the way down the street?

That is what I would like to do with these liberals.

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Reply 11 - Posted by: Safari Man, 7/31/2014 2:05:55 AM     (No. 9947333)

The adjustment will come after the first week in November.


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Reply 12 - Posted by: Distorted, 7/31/2014 2:08:40 AM     (No. 9947334)

Last year the Administration changed the methodology for calculating what they are putting out now as GDP by adding in various new categories such as R&D expenses we are to assume will produce dollar-for-dollar value in production, what companies commit as pension accounts whether real or not, and book value of artistic originals among other sometimes ethereal "production." The result is what many economists estimate as adding 3% to previous GDP figures, ipso facto.

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Reply 13 - Posted by: PChristopher, 7/31/2014 2:37:42 AM     (No. 9947336)

The only thing you can believe about this number is that it´s cooked.

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Reply 14 - Posted by: KTWO, 7/31/2014 4:49:48 AM     (No. 9947378)

Thoughts:
Remember 4.0% is the first estimate, not a Gospel.

I watch and trust another GDP model which estimated 2.7% only a week ago. It isn´t Gospel either.

OP´s 1% remark puzzles me. The 4% is said to be seasonally adjusted. No matter.

Read #12. Definitions do change. And changes usually benefit the changers.

This is actually a pretty decent article and about as decent as the NYT ever produces now.

Year-On-Year indicates growth was 2.4% over the last 12 months. I think it a more useful figure.

The third quarter numbers, released just before the election should be imaginative.

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Reply 15 - Posted by: cThree, 7/31/2014 5:16:43 AM     (No. 9947384)

"Imaginative" almost cost me a cup of coffee....

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Reply 16 - Posted by: Patchy groundfog, 7/31/2014 5:57:14 AM     (No. 9947395)

I don´t think I´ve seen that many cliches laid end to end before. Well done, Ms Searcy.

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Reply 17 - Posted by: Fritzilou, 7/31/2014 6:04:22 AM     (No. 9947401)

Another report to be revised down in the near future.

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R_DBL_B
  


 
Reply 18 - Posted by: Citizen Plain, 7/31/2014 6:38:39 AM     (No. 9947422)

A pipe dream right out of Harry Hope´s Bar.....

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Reply 19 - Posted by: Bur Oak, 7/31/2014 7:10:06 AM     (No. 9947443)

The government adjusts all data now including temperature readings.

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Reply 20 - Posted by: Safari Man, 7/31/2014 1:11:10 PM     (No. 9947994)

#19 .. and voting booth tallies.


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Bouncing Back, Economy
Grew 4% for Quarter
New York Times, by DIONNE SEARCEY    Original Article
Posted By: addicted_to_coffee- 7/30/2014 10:50:34 PM     Post Reply
The United States economy rebounded strongly in the second quarter of the year, shaking off the negative effects of an unusually harsh winter and stirring hopes that it might finally be establishing a solid enough footing to put the lingering effects of the recession squarely in the past. The Commerce Department, in its initial estimate for April, May and June, reported on Wednesday that the economy grew at a seasonally adjusted annual rate of 4 percent, surpassing expectations.

   

 



 
Beef pollutes more than
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Posted By: addicted_to_coffee- 7/22/2014 3:21:48 PM     Post Reply
WASHINGTON — Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says. Compared with the other animal proteins, beef produces five times more heat-trapping gases per calorie, puts out six times as much water-polluting nitrogen, takes 11 times more water for irrigation and uses 28 times the land, according to the study, published Monday in the journal Proceedings of the National Academy of Sciences.

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Last month was the Earth´s warmest June since records began in 1880, according to data released Monday by the National Oceanic and Atmospheric Administration (NOAA). It marked the second-straight month the world set a warm-temperature record. (Snip) The developing El Niño — a warming of tropical Pacific Ocean water — was a main contributor to the heat in June, she said. Most of the world's land areas saw warmer-than-average monthly temperatures, with record warmth measured across part of southeastern Greenland, parts of northern South America, areas in eastern and central Africa, and sections of southern and southeastern Asia.



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