It’s 100 Degrees Below Zero Here Right Now
Global warming has begun to raise temperatures in much of Antarctica. Yet the temperature at the Amundsen-Scott South Pole Station will be about 100 degrees below zero for the next several days.
Economy
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5 US Utilities That Might Welcome a Biden Presidency
Presidential candidate Joe Biden's plan for modernizing U.S. infrastructure includes a goal of net-zero carbon emissions from the electricity generating sector by 2050.
The Largest Wildfire in American History Happened 150 Years Ago
The Great Peshtigo Fire of 1871 covered an area larger than the state of Connecticut. It was the largest and most deadly wildfire in history.
US Postal Service Has Lost $78 Billion Since 2007
The U.S. Postal Service (USPS) is in great financial trouble, and its ability to deliver ballots in the upcoming election has turned to some extent on the fact. The White House wants to control…
Industrial Production and Capacity Utilization Set Uninspiring Pace
While 2020 has been a year of economic disaster, it is hard to imagine that the stock market has somehow been able to climb back to almost hitting highs again on the S&P 500.…
US Consumer Sentiment Shows Only Slight Improvement in July
Consumer sentiment has increased by just a fraction of a point according to the preliminary August report from the University of Michigan consumer survey.
US Retail Sales Gains Are Slowing. Are They About to Reverse?
Retail sales in the United States rose for the third straight month in July, but the rate of growth has dropped to just 1.5% month over month.
Weekly Jobless Claims Are Finally Under the 1 Million Mark
The Bureau of Labor Statistics reported that initial jobless claims for the week of August 8 fell to less than a million.
Thursday’s Market vs. Economy Dilemma: Gold, Silver, Stocks & Bonds
There is still much economic uncertainty facing the economy and the stock market. This uncertainty also pertains to bonds, as well as the recent trading in gold and silver. The tech-heavy NASDAQ had already…
CEO Turnover Jumped by More Than a Third in July
Some 125 CEOs left their jobs in July, a third more than left in June and roughly equal to the July 2019 total.
Recession Watch: E-Commerce Spending Growth Already Has Slowed
There may still be no clear reasons for brick-and-mortar retailers to start a massive celebration yet, but those endless growth rates in online spending have started to come down.
US Gun Deaths Top 25,000
So far this year, gun deaths in American total more than 25,000, and more than half of those were suicides. These deaths are increasing at an extraordinary rate.
Total US Job Openings Vastly Smaller Than Total Unemployed People
The U.S. Bureau of Labor Statistics showed that the number of job openings was little changed in June. Some fear that this may have been the last boost from economic stimulus.
Teen Unemployment Near 20%
The American jobless rate saw a sharp improvement in July. However, one group fared much worse.
Black Unemployment Nearly 15% and Not Improving
In July, most segments of the population posted an improvement in employment. The rate among Black Americans did not improve much.