October 27, 2015

Latest CMP Video Confirms That Fetal Tissue Harvesting Has Been More Widespread Than Planned Parenthood Has Admitted

Earlier today, Katie Yoder at NewsBusters posted and described the latest video from the Center for Medical Progress on Planned Parenthood’s late-term abortion business and its related ghoulish work in harvesting fetal tissue from abortions for research.

Yoder’s work and that CMP video caused me to remember how the Associated Press wrote up Planned Parenthood’s announcement that it would cease taking compensation for fetal tissue harvesting on October 13.

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AP’s Coverage of Another Awful Durable Goods Report Goes Quickly Into Hiding

If you’re a few hours late catching up on reports on economic data at the Associated Press, one of the best ways to determine whether the news was good or disappointing is to see whether the story’s headline and opening blurb are still present about four hours later among the wire service’s “Top (usually 10) Business News” items. The good-news items will usually still be there; the disappointing ones will usually be gone.

Sure enough, as of about 12:30, Martin Crutsinger’s dispatch in the wake of the 8:30 a.m. Durable Goods report from the Census Bureau was no longer a Top Story. That’s because, even though Crutsinger did his level best to ignore pertinent facts and try to pin the blame elsewhere, the news was awful.

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September Advance Durable Goods: Orders Down 1.2 Pct., Sales Up 0.2 Pct.; August Numbers Revised Downward

Filed under: Economy,Taxes & Government — Tom @ 8:29 am

Expectations are for a seasonally adjusted decline of from 1.3 percent to 2.0 percent, continuing an awful run in this area of the economy.

We’ll see here at 8:30.

HERE IT IS (permanent link; bolds are mine):

New orders

New orders for manufactured durable goods in September decreased $2.9 billion or 1.2 percent to $231.1 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed a 3.0 percent August decrease. Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 2.0 percent.

Transportation equipment, also down two consecutive months, led the decrease, $2.2 billion or 2.9 percent to $75.5 billion.

Shipments

Shipments of manufactured durable goods in September, up three of the last four months, increased $0.4 billion, or 0.2 percent, to $242.5 billion. This followed a 0.5 percent August decrease.

Transportation equipment, also up three of the last four months, drove the increase, $0.5 billion or 0.6 percent to $81.0 billion.

… Inventories

Inventories of manufactured durable goods in September, down four of the last five months, decreased $1.3 billion, or 0.3 percent, to $399.4 billion. This followed a 0.2 percent August decrease.

… Revised August Data

Revised seasonally adjusted August figures for ALL manufacturing industries were: new orders, $471.3 billion (revised from $473.0 billion); shipments, $479.4 billion (revised from $480.1 billion); unfilled orders, $1,194.1 billion (revised from $1,195.0 billion); and total inventories, $647.8 billion (revised from $648.4 billion).

August’s revisions to durable goods and total manufacturing were all or almost all downward, meaning that the only reason September’s advance durables decline was lower than expectations is that August was worse than originally thought.

The carnage continues — as does the press’s pretense that all is still generally well.

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UPDATE: Zero Hedge (bolds are theirs) —

ggg After a significant downward revsision to August’s data (to -2.3% MoM), September Durable Goods New Orders dropped 1.2% (better than the expected 1.5% drop only due to historical revisions) for the 5th monthly drop this year. Year-over-Year, Durable Goods orders tumbled 3.6%, accelerating weakness from August amid major revisions. This is the 6th consecutive YoY drop, something not experienced outside a recession. Under the covers it was just as ugly with Non-defense, ex-aircraft orders dropping 0.3% (notably missing expectations) after a huge downward revision for August. What is most worrisome, however, is the collapse in Core Capex YoY down 7.9% NSA – the worst since 2009.

UPDATE 2: Here’s a detailed look at the ugliness —

DurableGoodsOrdersAndShipmentTo0915Adv

How one gets to even 1 percent genuine annualized GDP growth out of all of this remains a mystery.

Tuesday Off-Topic (Moderated) Open Thread (102715)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

Positivity: With a child’s touch, sculpture seeks to comfort those who mourn abortion

Filed under: Positivity — Tom @ 6:00 am

From Rome:

Oct 24, 2015 / 04:47 pm

Five years ago a young Slovakian artist set out to create a statue that would offer hope and healing to post-abortive women suffering from pain and regret – and the project would touch hearts around the world.

The statue portrays a suffering mother in imitation stone. She is grieving with her face buried in her hands. She is approached by her aborted baby, depicted in a young child’s transparent form. The child reaches up to touch the woman’s head in a tender gesture of forgiveness and healing.

Sculptor Martin Hudacek, the statue’s creator, has seen its impact.

“Many people said ‘wow, it is me.’ They were crying, so many people said that sculpture touched their heart,” he told CNA.

Hudacek created the sculpture, named “Memorial for Unborn Children,” while still a student. He hopes the piece will help to heal men and women suffering after an abortion.

The monument, located in Slovakia, has been praised for its depiction of the pain, sorrow and regret felt by women who have had abortions. …

Go here for the rest of the story.