Posts Tagged ‘factories

01
Feb
12

afternoon all

First lady Michelle Obama is joined by Los Angeles Mayor Antonio Villaraigosa at the future site of a Northgate Market in Inglewood, Calif., Wednesday, Feb. 1, 2012. Michelle Obama says the proposed new supermarket in the middle of a blue-collar Hispanic neighborhood in Southern California is an example of how the effort to bring healthy foods to low-income communities is paying off.

AP: First lady Michelle Obama on Wednesday said the campaign to bring healthy food to all Americans is happening neighborhood by neighborhood.

Standing in a vacant Southern California store set to be refurbished and reopened this summer, Obama lauded efforts to bring large grocery retailers to inner-city areas that traditional supermarket chains spurn.

…. Obama, who is on the second day of her two-day visit to the Los Angeles area, made the stop in the blue-collar, largely Hispanic neighborhood as part of her “Let’s Move!” campaign to boost healthy food and fitness.

Part of the campaign includes promoting initiatives such as the $264 million California FreshWorks Fund, which finances grocery businesses willing to open in urban areas.

…. After the Inglewood event, Obama was scheduled to appear on The Ellen DeGeneres Show and to deliver a luncheon speech at the Democratic National Committee.

Full article here

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Washington Post: U.S. factories grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month.

The reports bolster other data showing the U.S. economy started the year strong.

The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose last month to 54.1 from 53.1 in December. Readings above 50 indicate expansion.

Consumers are buying more cars and trucks, while businesses ordered more machinery and other equipment. That has driven manufacturing, which expanded for the 30th straight month.

Both new orders and order backlogs rose to nine-month highs. Increasing order backlogs suggest manufacturers are lacking the capacity to meet demand. That could mean more growth in production and employment in the near future, economists said.

Export orders also rose, a sign that U.S. manufacturers haven’t yet been affected by Europe’s slowing economy.

“This is a very encouraging report on manufacturing activity that shows particular strength in leading indicators,” said John Ryding, an economist at RDQ Economics.

Full article here

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Gallup

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Steve Benen: For campaign watchers, Florida’s Republican presidential primary was the big draw yesterday, but there was another noteworthy race on the other side of the country: a U.S. House special election in Oregon’s 1st congressional district.

Just two weeks ago, the National Republican Congressional Committee took an interest in the race, airing attack ads against Democratic candidate Suzanne Bonamici. The GOP candidate, Rob Cornilles, even released an internal poll showing him trailing by only four points.

Yesterday, however, it became clear Republicans were chasing a mirage.

Democrat Suzanne Bonamici swept to victory Tuesday in Oregon’s 1st Congressional District, continuing her party’s nearly four-decade-long hold on the seat covering the northwestern corner of the state. With the bulk of ballots counted, Bonamici was defeating Republican Rob Cornilles by about 15 percentage points…..

Full post here

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President Barack Obama at the James Lee Community Center in Falls Church, Virginia, February 1

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TPM

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Forgot to post this yesterday:

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TPM: The Obama administration announced Wednesday that the Medicare Advantage program, which allows seniors to receive health coverage through a private insurer, is enjoying lower costs and more customers as a result of the health care reform law.

More here

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Yahoo: If you watched President Obama’s Google+ hangout Monday night, you saw two interesting exchanges between the president and Jennifer Wedel, a 29-year-old Texas mother of two.

It turns out that Wedel’s digital meeting convinced her to vote for Obama in this year’s presidential election – despite her support for the GOP.

…. Afterwards, Wedel, who described herself as a “good Republican,” is now planning to vote for Obama in this year’s presidential election.

“I didn’t vote for him four years ago. But I have been so disappointed with the presidential race. I haven’t seen anybody who would have been a good replacement. I know how Obama is now. I know how he rolls. So I’d probably vote him back in,” said Wedel in an interview with The Atlantic. “I (feel) like I know him a little more,” Wedel said. “There was a connection. He should definitely do this with more people…..”

….. for those who watched the event, a slightly odd moment near the end might have jumped out. During that personal question round, Wedel asked Obama if he would do a little jig. Obama demurred. What was that about? It’s a YouTube meme thing, explained Wedel. An extremely popular video on the site is a minute-and-a-half clip of then-candidate Obama shaking it on “The Ellen DeGeneres Show” back in 2007; one version has 12 million hits and counting.

“It’s so funny,” said Wedel. “You’ve got to watch it.”

More here

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Thanks nintendowii10

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Make sure you don’t miss Liberal Librarian’s post below

01
Feb
11

‘dow closes above 12,000 for first time since 2008′

Washington Post: The Dow Jones Industrial Average closed above 12,000 Tuesday for the first time since June 2008. The milestone was another mark of recovery from one of the worst financial crises in the nation’s history – and a sign that investors expect the economy to keep growing instead of taking a second dip into recession.

….The news raised hopes on the economic front. “We have issues; we have problems,” said James W. Paulsen, chief investment strategist at Wells Capital Management, an arm of Wells Fargo. “But I don’t think they’re as overwhelming as what everyone thought, and that’s why we’re back here as fast as we are.”

The Dow, an index of major corporate share prices, has now risen more than 83 percent in less than two years….Companies such as IBM, Apple, Netflix and Caterpillar have contributed to the momentum with encouraging year-end reports or upbeat financial forecasts…..

The symbolism of a Dow 12,000 could be as much political as economic. In his recent State of the Union address, President Obama noted that the stock market had “come roaring back.”

More here

And…..

AP: The best month for U.S. factories in nearly seven years is brightening the outlook for job growth.

Companies are exporting more construction and mining equipment, and Americans are buying more cars, appliances and computers.

The Institute for Supply Management, a private trade group, said Tuesday that its index of manufacturing activity rose last month to 60.8. It was the highest reading since May 2004 and the 18th straight month the sector has grown. Any reading above 50 indicates expansion.

The strong data on manufacturing activity was a major reason the Dow Jones industrial average closed above 12,000 for the first time since June 2008.

More here




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