U.S. consumer spending rose in August by the most in six months as households stretched to pay for higher gasoline prices, according to a government report on Friday that pointed to lackluster economic growthin the third quarter.
The Commerce Department said consumer spending increased 0.5 percent after an unrevised 0.4 percent gain in July. Last month’s rise was in line with economists’ expectations. Consumer spending accounts for 70 percent of U.S. economic activity and the second straight month of increase mostly reflected higher gasoline prices, which rose 28.2 cents per gallon last month, though automobile purchases also helped.IO
Posted on Saturday, August 18, 2012 4:29:29 PM by alloysteel
The prices that Americans pay for gas at the pump may reach an all-time high this summer. The average price is $3.70 per gallon, which is an increase of 30 cents since July and the climb in price from July to
August was 9 percent. The increase is particularly concerning because a reduction in global demand, caused by a persistent world-wide recession, has kept demand for gas relatively low. Some have predicted that the price of gas will reach $3.90 per gallon before Labor Day. Gas prices have risen each month for seven straight months this year……….
Highly produced music giving the beat, literally, to national mayhem
Colin Flaherty is an award-winning reporter and author of “White Girl Bleed a Lot: The return of racial violence to America and how the media ignore it.” Follow him on Twitter.More ↓
Editor’s note: Colin Flaherty has done more reporting than any other journalist on what appears to be a nationwide trend of skyrocketing black-on-white crime, violence and abuse. WND features these reports to counterbalance the virtual blackout by the rest of the media due to their concerns that reporting such incidents would be inflammatory or even racist. WND considers it racist not to report racial abuse solely because of the skin color of the perpetrators or victims.
Internet Doomsday, July 9
msnbc techblog ^ | Suzanne Choney
Posted on Sunday, July 08, 2012 11:24:36 AM by Tanniker Smith
July 9 might be “Internet doomsday” for PC and Mac users who haven’t taken steps to make sure their systems are not infected with what’s being called DNSChanger malware.
On a day when most normal Americans are relaxing and celebrating the Fourth of July with family and friends, Chicago Sun-Times columnist Neil Steinberg is giving full vent to his Liberal Rage Syndrome by angrily lashing out at Republicans by labeling them as the “treason party.”
Oh, he pretends he COULD be labeling them as such but won’t. However, this disingenous denial is belied by the fact that reading his column leaves no doubt that he is most definitely making that accusation.
And for those few people who are actually fooled by his lame denial, there is the very title of his column as proof of Steinberg’s intolerance of political opinions at variance to his own beliefs:
Obama Takes the Week Off
whitehousedossier.com ^ | JULY 2, 2012 | KEITH KOFFLER
Posted on Monday, July 02, 2012 11:22:09 AM by BarnacleCenturion
Obama presumably also has his usual August vacation lined up as well, though it’s not been announced where he will be headed. It is known, though, that with an election coming up, Obama will not be restoring himself at his customary location, the super-rich enclave of Martha’s Vineyard.
Good afternoon/evening FReepers. Yep, it is Beer Thirty Time Once Again!
Happiness is a bubbling airlock!
Good evening/afternoon. I brewed up a Liberty Cream Ale this afternoon, a kit from Midwest Supply. I did a Late Extract addition at 30 min. for this brew. It was a busy afternoon. I made a yeast starter using Safale 05 dry yeast yesterday afternoon. And pitched it in an 80° F wort.
The OG was at 1.052 out of the primary fermenter before the yeast starter was pitched. This beer has a beautiful color and should be a tasty brew in about 6 weeks. Ice it down, get it cold, just in time for the Dog Days of August. Now I will wait for the ferment to start.
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Oil hits $100, first time since July
Yahoo Finance ^ | November 16,2011 | Chris Kahn
Posted on Wednesday, November 16, 2011 10:12:59 AM by Hojczyk
The price of benchmark West Texas Intermediate crude rose as high as $100.79 in electronic trading on Wednesday. Oil prices have been soaring for several weeks as the economy improves while tensions rise in countries that hold some of the world’s major sources of crude.
Benchmark crude has surged 26 percent since the end of September. It crossed the $100 mark after the Labor Department reported that consumers paid less for gas, cars and computers. As inflation slows, it increases pressure on the Federal Reserve to do more to further stimulate the economy.
23 farmers in Honduras were slaughtered in cold blood by hired mercenaries as they tried to protect their land from being seized by a corporation who wanted to use the land to produce biofuels as part of a United Nations-accredited EU carbon trading scheme.
“Protests erupted in July when six international human rights advocacy groups presented a report to the EP detailing what they called murders and forced evictions of peasants in El Bajo Aguán Valley of northern Honduras, ” reports the New American.
“The International Federation of Human Rights (FIDH) report accuses UN-sanctioned palm oil mills of stealing farmland from Honduran natives and killing or wounding them when they attempt to defend their property. It says the companies, acting with government impunity, regularly target members of local land-rights movements who end up murdered in feigned car accidents or hunted down and shot by private security guards.”
The United Nations’ CDM (Clean Development Mechanism) responded to news of the killings with a collective shrug of the shoulders………..