Economics Group: Weekly Economic & Financial Commentary U.S. Review Q3 Kicks It into High Gear— The factory sector has accelerated, with the ISM manufacturing index surging in August, factory orders showing strength beyond aircraft in July and power & manufacturing leading nonresidential construction spending. — August’s ISM nonmanufacturing index jumped to its highest level in nine […]
Continue ReadingInstant Analysis of Today’s Employment Report for August The August jobs report was a buzz-kill this morning. The labor department reported only +142K net nonfarm jobs were created last month, about 88K jobs short of my expectations. The rationalizing begins with analysts pointing out that seasonal adjustment is very difficult in the month of August […]
Continue ReadingUS Outlook Report: Good Vibes Here Policy Easing There The first round of U.S. economic releases for August have largely beaten analyst expectations, suggesting that much of the economic momentum seen in the second quarter will be sustained in the third. We maintain our U.S. Real GDP forecast at 3.1 percent for the third quarter. […]
Continue ReadingACWA eNews for Sept. 3, 2014 ACWA’s eNews is a weekly roundup of California water news and events. Manage your subscription here Historic Groundwater Package Approved by the Legislature Submitted by Lisa Lien-Mager on Fri, 08/29/2014 – 6:07pm A three-bill package aimed at advancing sustainable groundwater management throughout California was approved by the Legislature today and […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue Southern Yards on Recovery Pace By Jim Shaw Southern shipyards have been on a fast-paced recovery from the recession and the future looks bright, with both domestic and export contracts filling order books. However, a […]
Continue ReadingUS Outlook Report: Trouble Abroad Left to itself, the U.S. economy appears to be on a solid and sustainable path for growth. The overall strength of U.S. economic data continue to impress analysts with positive surprises far outweighing negative ones so far in August. The Conference Board’s Leading Economic Indicators Index is in the midst […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review Data Details Show Economy Continues to Firm Second quarter GDP was revised higher to a 4.2 percent annualized rate, with the details painting a brighter picture of the economy. Compared to the first release, trade was less of a drag, nonresidential fixed investment was stronger and inventories […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue TOTE and LNG: Meeting the Challenge of Change By Michael A. Moore IMO’s Marpol Annex VI deadlines are rapidly approaching for ships operating in Emission Control Areas. The deadlines address the next phases of mandated […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review What Was That Noise? Since Chair Yellen’s comment a few weeks ago that recent price jumps were “noisy,” the discussion about Fed policy has been dominated by concern about a perceived complacency on the part of policy makers. A relatively tame CPI report this week may not […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue Arctic Maritime Transportation: The Heat is On By Darren Prokop The US is an Arctic nation. Alaska makes it so. Government officials as well as shippers and carriers could ignore this fact; but doing so […]
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