November 17, 2015

October Industrial Production: -0.2 Percent, vs. +0.2 Pct. Expectations

Filed under: Economy,Taxes & Government — Tom @ 11:37 am

Mostly more of the same, trailing expectations:

Industrial production declined 0.2 percent in October after decreasing the same amount in September. In October, the index for manufacturing moved up 0.4 percent, while the index for mining fell 1.5 percent and the index for utilities dropped 2.5 percent. For the third quarter as a whole, total industrial production is now estimated to have increased at an annual rate of 2.6 percent; a gain of 1.8 percent had been reported previously. At 107.2 percent of its 2012 average, total industrial production in October was 0.3 percent above its year-earlier level.

So it’s more of the same, with two exceptions: Somewhow, manufacturing turned in a +0.4 percent performance as noted above, and construction went up by 1.7 percent. (Really?)

Even with that strange construction spike, the year-over-year increase in industrial production of 0.3 percent is, as Zero Hedge notes (and probably no one else will), the smallest such increase since 2010 — levels which “have not occurred outside of a recession.”

Media Pushback Against Invoking ‘No-Go Zones’ Ensues

The Washington Post’s Erik Wemple and certain “I walked through Bedford Stuy alone” reporters are contending that, in Wemple’s words, “the term ‘no-go zone’ is best left in retirement.” No sir, it needs to be defined appropriately, then used when appropriate.

Avoiding use of the term enables a dangerous detachment from reality. There is already quite a surplus of that. Patrick J. McDonnell at the Los Angeles Times, who seems to believe that he proved something by visiting the jihadi-infested neighborhood of Molenbeek and getting out alive, demonstrated how out of touch he is by referring on Monday — three days after the Paris terror attacks and at least two days after the parties involved and their backgrounds were firmly established — to “the so-called Belgian connection in the Paris attacks.” Holy moly, Patrick. What about Molenbeek being “home to two” of the Paris attack terrorists who died during their attacks and to the plots’ mastermind, Salah Abdeslam, do you not comprehend?


Tuesday Off-Topic (Moderated) Open Thread (111715)

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: Somerville Officer Sends Flowers, Note To Woman She Pulled Over

Filed under: Positivity — Tom @ 6:00 am

From Somerville, Massachusetts (picture and video at link; HT Daryn Kagan):

November 5, 2015 5:29 PM

A Winchester woman is thanking a Somerville police officer after an act of kindness.

Earlier this week, Robin Sutherland learned that her 90-year-old mother was going into hospice care. Later that same day, Sutherland was pulled over for speeding in Somerville. She was travelling at 40 mph in a 30 mph zone.

While the female officer went back to her car to give Sutherland a warning, Sutherland says she started crying.

“I just realized when we lose my mother I’m the older generation now and it just hit me,” she said.

The officer asked her to take it easy and sent her on her way. Later that evening, Sutherland received a heartwarming surprise.

Somerville Officer Ashley Catatao sent Sutherland a bouquet of flowers and a note which said, “I’m very sorry about your mother. I hope you find comfort in knowing she lived a long life and will continue to live on in your heart and in your memories.”

The note was signed, “Officer who pulled you over this morning.”

On Thursday, Catatao was celebrated by Somerville’s Mayor and the Deputy Chief of Police. Catatao said her actions were just a simple gesture. …

Go here for the rest of the story.