It will go up here at BizzyBlog on Saturday (link won’t work until then) after the blackout expires.
In discussing President Obama’s Wednesday press conference on the Veterans Administration wait-list scandal, CNN’s Drew Griffin, identified by the network’s Jake Tapper as “the reporter who began this whole story with his investigation into the Phoenix VA,” appeared to barely contain himself as he described the “disconnect between what’s happening out here in the country and what the president is talking about.”
Specifically, Griffin asserted that “this problem is real; it exists; it really doesn’t have to be studied,” and that “the vets I’ve been talking to wanted much more direct action.” Griffin clearly expected a far more substantive and immediate response from Obama yesterday, and was disappointed that it didn’t come. The video segment (via the Washington Free Beacon), a transcript, and Rush Limbaugh’s insightful reaction follow the jump (bolds are mine throughout this post):
- Bloomberg — None found
- Business Insider — 310,000 seasonally adjusted claims
Seasonal Adjustment Factors:
- Week ended May 17, 2014 — 88.0
- Week ended May 18, 2013 — 88.2
- Week ended May 10, 2014 — 269,689 (before revision; UPDATE: revised to 270,952)
- Week ended May 18, 2013 — 303,357
For seasonally adjusted claims to come in at or below 310,000, raw claims will have to be 273,000 or below (273K divided by .88 is 310K, rounded). Given last week’s raw result, that should be doable.
We’ll see here at 8:30.
HERE IT IS (permanent link): This pretty much offsets last week’s good-news surprise —
SEASONALLY ADJUSTED DATA
In the week ending May 17, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 28,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 297,000 to 298,000. The 4-week moving average was 322,500, a decrease of 1,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 323,250 to 323,500.
￼The advance number of actual initial claims under state programs, unadjusted, totaled 286,590 in the week ending May 17, an increase of 15,638 (or 5.8 percent) from the previous week. The seasonal factors had expected a decrease of 8,644 (or -3.2 percent) from the previous week. There were 303,357 initial claims in the comparable week in 2013.
This open thread will stay at or near the top today. Rules are here. Possible comment fodder may follow. Other topics are also fair game.
MAY 14, 2014, 9:46 PM
The family cat came to the rescue when a 4-year-old boy was attacked by a dog in the driveway of his Bakersfield, Calif., home. Police say the dog will be quarantined for 10 days and then put down. KBAK-TV’s Caitlin Rearden reports:
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