Economics Group: Weekly Economic & Financial Commentary – U.S Review U.S. Manufacturers Facing Headwinds U.S. manufacturers were already struggling with a stronger U.S. dollar when the currency appreciated further against the Euro and Canadian dollar as central bankers in those regions made unexpected moves. The negative effects of oil are also starting to show up […]
Continue ReadingBank of the West US Outlook Report for January 23, 2015 After three rounds of quantitative easing, the Fed is remaining on the sidelines as global central banks from the ECB, Canada, Peru, Switzerland, Denmark and India all made moves this month to loosen monetary policy and head off economic and deflation risks. The ECB’s […]
Continue ReadingACWA eNews for Jan. 21, 2015 ACWA’s eNews is a weekly roundup of California water news and events. Click here to view on the ACWA website. Water Commission Discusses Allocation Process for Proposition 1 Water Storage Funding Submitted by Emily Allshouse on Wed, 01/21/2015 – 4:03pm California Water Commission members got an update Wednesday […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE One Big Barge The first of this month saw the final deadline set for the phase-out of single-hull oil tankers and barges in US waters to comply with the Oil Pollution Act of 1990 (OPA ’90). Two 296-foot by 60-foot single-hulled oil barges built by […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE New Vessel Review: West Coast Players 2014 brought an interesting mix of new vessels to the West Coast, including ferries, pilot boats, tugs and barges. The fact that most of the vessels were built in Pacific Northwest yards to the designs of West Coast naval […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary – U.S Review Oil Price Declines Influence Economic Data Retail sales posted a larger-than-expected drop in December. We attribute the bulk of the decline to much lower inflation, however, the broad-based nature of the pullback remained a bit concerning but should not derail Q4 GDP growth. NFIB’s small business […]
Continue ReadingBank of the West US Outlook Report for January 16, 2015 After a string of better than expected economic indicators from third quarter GDP, December employment, and broadly improving small business sentiment, the retail sales decline of 0.9 percent in December was a disappointment. On an annualized basis, retail sales, excluding vehicles and parts, declined […]
Continue ReadingACWA eNews for Jan. 14, 2015 ACWA’s eNews is a weekly roundup of California water news and events. NOAA Analysis Shows Near- and Above- Record Rain Needed to Lift Drought Submitted by Emily Allshouse on Wed, 01/14/2015 – 3:40pm Despite a welcome boost from moisture-laden storms in early December, California remains firmly in a drought […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE New Vessel Review: West Coast Players 2014 brought an interesting mix of new vessels to the West Coast, including ferries, pilot boats, tugs and barges. The fact that most of the vessels were built in Pacific Northwest yards to the designs of West Coast naval […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary – U.S Review Finishing the Year Strong Annual payroll gains in 2014 were the strongest since 1999. Growth was broad-based across industries, but the labor force and average hourly earnings declined in December. Data from the factory sector continue to send mixed signals, with factory orders dropping for the […]
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