First, you can go to New Orleans right now and have a good time, at least in the popular tourist areas, which look like nothing ever happened. But if you drive a little way from those restored areas, it's a different story. There are blocks and blocks of abandoned single-story houses and there are shopping areas that look fine, except a lot are not open. These buildings are in the areas that were flooded and stayed submerged.

On Oct. 17, American Industrial Partners announced its definitive agreement to acquire PPG’s U.S. and Canadian architectural coatings business, which generated $2 billion in 2023 revenue.

A non-sag polymer fortified adhesive mortar that mixes with just water and provides an ultra white color that is ideal for installations of translucent tile and stone.

From ancient royalty to modern fashion, pearls have held sway as the most desired and elegant adornment. Their classic beauty was the primary influence of the String of Pearls Collection. 

For the first time, manufacturers submitting their latest innovations for the must-see product showcase will simultaneously be considered for the Best of Awards, effectively doubling their products' exposure opportunities.

Ford is idling production of its F-150 Lightning, the latest in a series of announcements signaling a slower-than-expected transition to electric vehicles. What are other automakers planning?

The man charged with murdering Georgia nursing student Laken Riley waived his right to a jury trial in the case that has garnered national attention amid outrage over the Biden administration's immigration policies. 

Ukrainian President Volodymyr Zelensky appealed to Western allies asking them for help after Russia's most recent attack on Kyiv. "It is crucial that our forces have the necessary means to defend the country from Russian terror. I am grateful to each of our partners who help us. Timely delivery of interceptor missiles for our air defense, fulfilling agreements on defense systems, and electronic warfare production and supply are, without exaggeration, lifesaving efforts," Zelensky wrote on X. In the morning, Kyiv Mayor Vitali Klitschko reported explosions in the Ukrainian capital. A threat of a missile attack was declared in the city. It was later reported that explosions took place in Kyiv's suburbs.

[Politics] :
President Yoon Suk Yeol said his first official trip to Latin America carries great significance for the expansion of South Korea’s vision as a “global pivotal state” toward the Latin American region. The president, who is set to depart for Peru and Brazil to attend the Asia-Pacific Economic ...

[more...]

[Politics] :
The leaders of South Korea, the United States and Japan will hold a three-way discussion on the sidelines of the Asia-Pacific Economic Cooperation(APEC) summit in Lima, Peru. According to Seoul’s presidential office, President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Shigeru ...

[more...]

[Politics] :
A court review is underway for pretrial detention warrants for four people suspected of involvement in election nomination meddling involving first lady Kim Keon-hee, as well as illegal polling. The Changwon District Court started the warrant hearings Thursday afternoon for power broker Myung Tae-kyun, ...

[more...]

The title compound, C14H8Cl2F3NO, was synthesized by the condensation between trifluoromethylaniline and dichlorosalicylaldehyde by nucleophilic addition, forming a hemiaminal, followed by a dehydration to generate an imine. The compound crystallizes in an orthorhombic Pbca (Z = 8) space group with a dihedral angle of 44.70 (5)° between the two aromatic rings. In the crystal, the molecules pack together to form a zigzag pattern along the c axis.

Tesoro says it’s been planning for a strike and will continue operating two of the effected refineries, including one in Carson.; Credit: Getty Images

More than 800 workers walked off the job early Sunday at an oil refinery in Carson because of a labor dispute, joining workers at eight other refineries around the country. 

National strikes have been rare in the refining business. The last one happened in 1980, and it took three months to resolve. If this dispute lasts that long, analysts say gas prices could rise.

“It’s very possible we may have seen the last of two dollar gasoline in the near term,” said Carl Larry director of oil and gas at consulting firm Frost & Sullivan. “Without production from these refineries, we’re going to see tighter supply and higher prices."

Making matters worse, many refineries are switching over to summer blend gas, which is cleaner burning, but also more expensive.

Jim Burkhard, Managing Director at IHS Cambridge Energy Research Associates, cautions that it is too soon to know what the effect of the strike will be, and even though the steelworkers have 64 percent of U.S. oil output in their hands, there’s still a lot of other supply.

 “Remember the oil market overall is very well supplied right now,” said Burkhard. "There's plenty of refining capacity around the world, you would just have some modification of trade flows."

The Carson refinery processes 363,000 barrels per day at peak capacity and employs 1,450 workers. Tesoro Corporation, which operates the plant, says it’s been planning for a strike and will continue operations.

"Tesoro is confident that the Company can continue to safely operate the refineries and meet customer commitments until resolution is reached with the [United Steel Workers]," Tesoro said in a written statement.

The USW represents workers at 65 U.S. refineries. It says the facilities where workers have not walked out will continue operating under a rolling 24-hour contract extension. 

“This work stoppage is about onerous overtime; unsafe staffing levels; dangerous conditions the industry continues to ignore; the daily occurrences of fires, emissions, leaks and explosions that threaten local communities without the industry doing much about it; the industry’s refusal to make opportunities for workers in the trade crafts; the flagrant contracting out that impacts health and safety on the job; and the erosion of our workplace, where qualified and experienced union workers are replaced by contractors when they leave or retire,” USW International Vice President Gary Beevers said in a written statement.

This content is from Southern California Public Radio. View the original story at SCPR.org.

The LAEDC helped Huy Fong Foods reach a compromise to keep operating its Sriracha factory in Irwindale ; Credit: Maya Sugarman/KPCC

Even as California loses manufacturing jobs, a program run by the Los Angeles County Economic Development Corporation has fought to save some. 

When a company is considering relocating to take advantage of lower costs or an easier business climate, the LAEDC’s business assistance program steps in.  

It did so in the well-publicized case of Huy Fung Foods last year.  

When the city of Irwindale filed a lawsuit against the Sriracha sauce-maker because of bad smells, politicians from other states - most notably Texas - began to circle, offering the company a new home.  

Fighting against those suitors is a  familiar dance for the nonprofit Los Angeles County Economic Development Corporation. Many states and municipalities have similar agencies, whose job it is to try to attract and keep employers.

In the Sriracha case, the LAEDC prepared an economic impact analysis, met with the company and the South Coast Air Quality Management District and negotiated a compromise that kept the hot sauce manufacturer here, according to Carrie Rogers, Vice President of Business Assistance and Development with LAEDC.

"We all love Sriracha," she said, adding that she was happy to keep the "180 jobs and really to thwart the efforts of Governor Perry from Texas to try to lure our company away to their state."

The LAEDC estimates its business assistance program has played a role in keeping or luring 200,000 jobs since 1996, when it was formed. It's being recognized by the County Board of Supervisors for those efforts today.

But plenty of jobs still leave.

In a study published in July, the LAEDC said between 1990 and 2012, California lost about 40 percent of its manufacturing jobs – 842,180. 

"We compete internationally so a lot of our competitors have gone to Mexico," said Jeff Hynes, CEO of Covina-based Composites Horizons Incorporated, which makes ceramic structures for jet engines. "A week doesn’t go by that I don’t get a call from an economic development corp out of Texas or the South."

He scored a big contract recently and needed to expand fast to begin fulfilling orders. 

"Los Angeles  - in our particular industry - has a very good supplier base with materials and equipment," he said "but certainly facility costs are lower in other areas of the state and country."  

He said the LAEDC helped him get the permits quickly to buy and modify another building on its street and they decided to stay put. 

Composites Horizons currently employs 200 people but plans to add 50 employees this year and another 50 next year, he said. 

Rogers, of the LAEDC, said that may not seem like much, but it's important to support businesses like this one.

"When you take a step back and think about it, here’s a company that’s growing when many businesses aren’t," she said. "We know there are suppliers that feed into Composites Horizons. So when they get millions of dollars worth of contracts, we know that many more companies and employees around the county will be employed doing work directly for this company."

This content is from Southern California Public Radio. View the original story at SCPR.org.

Across the country, the sale of electric cars is sluggish.

Susanne Whatley: But business analyst Mark Lacter, that's not quite the case in California...

Mark Lacter: Well, comparatively speaking, Susanne.  L.A. and San Francisco alone made up 35 percent of the electric cars sold in the entire U.S. during the first half of the year - 35 percent!  Keep in mind that statewide just 9,700 electric cars were sold in that six-month period, which translates to a little over 1 percent of all car sales in California.  So, they're not exactly lining up around the block, even in a region that's known for its early adopters.  Of course, electric cars were always going to be a tough sell -

Whatley: I've been driving one for about half a year now... and I absolutely love it.  But they ARE expensive, and I'm sure that's a factor.

Lacter: - and that's even after a federal tax credit, but they also require drivers to learn about recharging the battery - sometimes in not-very-convenient places - and, from a design standpoint, most of them don't stand out (one of the automakers that's now out of business had been selling what was a basically plain vanilla Mitsubishi sedan).  Now, the one notable exception is the Tesla - so long as you have at least $90,000 to shell out, and are willing to wait a while to get your car delivered.  In affluent sections of L.A., this is truly the hot car - just 600 or so Teslas have been sold in Southern California during the first seven months of the year.  It's also received rave reviews from all the big automotive publications.

Whatley: And perhaps most surprising of all, Tesla has been making money…

Lacter: That's right, although the stock price is ridiculously overvalued at around $20 billion (that's one-third the market value of General Motors, even though Tesla cranks out all of 21,000 vehicles a year while GM sells almost 5 million).  People seem to love this car almost in spite of it being battery powered, which gets us back to the challenges in trying to sell these things.  Elon Musk, who founded the company (he's also behind SpaceX and he co-founded PayPal), has managed to win over customers because the car itself is so much fun to drive.  The other makers of electric cars - not so much.

Whatley: So, for the folks still on the fence... might it be better to wait until driverless cars become available?

Lacter: That's going to be quite a wait, although all the automakers are working on their versions of self-driving cars.  The Mercedes people just announced plans to launch in 2020 - the same year that Nissan wants to bring out its car - and Google, which has had self-driving cars tooling around California for several years, is looking at 2017.  So, what we're seeing is real, but the question is what sort of real it'll turn out to be.  Certainly, the possibilities are nothing short of revolutionary - you're looking at, potentially, faster commute times because cars will be able to travel closer to one other (reaction times would be faster than with a human behind the wheel); in addition, fewer accidents and injuries (also a function of reaction times).  But, how well the vehicles work once they get beyond the testing phase is anyone's guess.  California does allow self-driving prototypes car for testing purposes, but that's far different than full-scale authorization.

Whatley: What if something goes wrong?

Lacter: That's one of the big concerns - liability, but the real issue is public acceptance.  Already, surveys are finding reluctance to buying a driverless car, or even having them on the road.  That's not a huge surprise considering how novel the concept still is - and all it takes are a few mishaps to affirm the skeptics.  All of which points to a lengthy transition period - not unlike the early days of the passenger plane, when most folks couldn't imagine getting into a flying machine.  Eventually, they got used to them, but it took time.

Whatley: And finally, some thoughts on Cal Worthington?

Lacter: Certainly one of the great showmen in the annals of L.A. broadcasting - Cal Worthington wasn't the first auto dealer to discover the benefits of commercials, but he lasted longer than anyone else, selling more than a million cars (that according to his count), and grossing billions of dollars.  The Worthington ads are sometimes considered the first infomercials - that might be a stretch, but three factors really made it all come together: Southern California's appetite for the automobile, the ease by which Cal could deliver his schtick (remember when he was strapped to the wing of a biplane?), and the fact that there was so much available air time to sell in L.A.. Definitely a legend in his own time.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Actors Carla Gugino, Matthew Lillard and Sir Patrick Stewart pose at the "Match" screening during the Palm Springs International Film Festival on January 3, 2015 in Palm Springs, California. ; Credit: Chelsea Lauren/Getty Images for PSIFF

Is there a happier star in Hollywood than Patrick Stewart?

Certainly no one seems to be having more fun than the onetime Star Trek captain and current (and seemingly permanent) X-Man. And why shouldn't Sir Patrick be pleased with himself? He really has got it all: a thriving stage profile in both New York and London, the unconditional love of a vast and loyal fan base, and a film career that oscillates freely between franchise blockbusters and the small, character-driven chamber pieces Stewart so clearly relishes.

"Match" is about as small a movie as Stewart has ever appeared in: a well-intentioned three-character film studded with very funny dialogue courtesy of writer/director Stephen Belber, upon whose play "Match" is based.

Stewart plays an aging gay dance instructor named Tobi Powell, who may or may not have sired a child back in the swinging 60s – an era movies now take to have been 10 years of uninterrupted orgy punctuated by Beatles records and gunshots aimed at the Kennedy brothers.

As the saying goes, "If you can remember the '60s, you weren't there." Stewart's Tobi Powell was vibrantly there at the time, so it's perhaps natural that he can't seem to recall whether or not one of his rare couplings with a female partner might have had some unintended consequences.

Mincing slightly and speaking in an accent that sounds Midwestern by way of Wales, Stewart is an absolute blast to watch. His genuine (and usually underutilized) flair for comedy is roguishly on display, allowing "Match" to shift between pathos and farce with an assurance born more of the performer's bravado than the emotional contours of Belber's somewhat overeager text.

Though allegedly a bit of a shut-in, Tobi is a minor masterpiece of a lost and exuberant art form: the exaggerated star turn. It's unsurprising Frank Langella got a Tony nomination for playing him on Broadway a decade ago, and at least a bit unexpected that Stewart has gone completely unnoticed this awards season, even by the nomination-happy Golden Globes.

Belber's best writing is mostly his comedic stuff. One aria comparing cunnilingus to knitting may just be the best scene of its type since Meg Ryan faked an orgasm in "When Harry Met Sally" a quarter century ago.

Solid and believable supporting turns from Carla Gugino and Matthew Lillard add to the fun until Belber's script bogs down in the third act into the kind of paint-by-numbers epiphany shtick even TV has given up on at this point.

WATCH: The official trailer for "Match," starring Patrick Stewart

Everybody cries. Everybody changes. Everybody yawns.  Or I did anyway.

Still, go see this movie — or better yet, watch it on your phone, since it's shot almost entirely in close up — to see a grand and gracefully aging actor strut his stuff with contagious delight. You will definitely laugh, and, God, does this movie hope you'll also cry.

But if you do weep, don't be surprised if, like Tobi himself, you hate yourself in the morning.

Off-Ramp contributor R. H. Greene is covering the 26th Annual Palm Springs International Film Festival, where he recently saw the new comedy "Match" starring Patrick Stewart. "Match" comes to theaters and video-on-demand on Jan. 14.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Donations fill up the entryway to a Goodwill Southern California Donation Center in Pasadena during the first week of 2020.; Credit: Carla Javier/KPCC

Now that the holiday season is winding down, thrift shops run by Goodwill, the Salvation Army, and other organizations are tallying up the annual flood of December donations. 

"It's always been a tradition that our donors donate between Christmas and New Year's ... and the last couple days of the year, they donate even more," Goodwill Southern California director of logistics Tinna Bauer explained. "Some do it for tax purposes, and some ... when they if they receive new items for Christmas, they clean out the old."

This content is from Southern California Public Radio. View the original story at SCPR.org.

Gurgaon (Haryana) [India], Chubu Electric Japan, a global leader in electrical engineering solutions, announced an increased investment in OMC Power, one of the foremost innovators in distributed renewable energy solutions. This investment underscores Chubu's commitment to advancing sustainable energy development and supporting OMC Power's ambitious growth plans in the renewable energy sector.

The gluten-free (GF) market is booming and becoming very competitive.  

Nutri-Bites Soy Crisps and Soy Balls from Cereal Ingredients Inc. are available in a variety of protein content and sizes.

One trend evident at ASSE's Safety 2016 expo in Atlanta is products and services aimed at the "worker athlete."

Kinshuk Dutta honored for more than 15 years of professional success

As reported in the National Highway Traffic Safety Association's (NHTSA) "Traffic Safety Facts," 4,280 people were killed in pedestrian versus car accidents in 2010.

Kunkel is the president of Wordslinger Marketing & PR, primarily serving the nonprofit community

Lorrainne Bilodeau, MS, honored for more than 40 years of success in her profession

Matthew Ward Stringer has excelled in diverse professional contexts, including music and marketing

Web Industries will showcase its nonwoven materials solutions for medical, personal care, and home care markets at Hygienix 2024, held November 18-21 in Nashville. The company will highlight its slitting, spooling, printing, and modular converting capabilities, offering precision converting for flexible packaging, films, and medical-grade materials.

Mini tripods have become increasingly popular over the last few years. They’ve become a versatile and invaluable part of many creators’ kit bags. There are...

The post The Mambapod is a compact tripod you can mount anywhere appeared first on DIY Photography.

This trip solidified my conviction to learning photography. A lot has happened since this shot was taken.
Can you pinpoint the moment you decided to pursue photography? (at Toronto, Ontario)

Patrick Lauke currently works as Web Editor for the University of Salford, where he heads a small central Web team. In 2003 he implemented one of the first Web standards based XHTML/CSS driven UK university sites. He has been engaged in the discourse on accessibility since early 2001, regularly contributing to a variety of Web development and accessibility related mailing lists and forums. He also takes an active role in the running of Accessify.com, moderates the Accessify forum, and is co-lead of the Web Standards Project Accessibility Task Force (WaSP ATF), which he joined in June 2005. An outspoken accessibility and standards advocate, Patrick favours a pragmatic hands-on approach to Web accessibility over purely theoretical, high-level discussions. "I'm an idealist by nature, but a pragmatist by trade. I'd never class myself as an expert and I certainly don't have all the answers...I'm just an opinionated guy eager to find real world solutions 'where the rubber meets the road'." Published works include a chapter in Web Accessibility: Web Standards and Regulatory Compliance, released by Friends of Ed in 2006. In his spare time, Patrick pursues his passion for photography and runs a small Web/design consultancy. Patrick facilitated a workshop session on "Geolinked Institutional Web Content" with Sebastian Rahtz and Nigel Bradley.

Patrick Lauke works as Web Evangelist in the Developer Relations team at Opera Software ASA. In a previous life he worked as Web Editor for the University of Salford, where in 2003 he implemented one of the first thoroughly web standards based sites in the sector. Patrick has been engaged in the discourse on standards and accessibility since early 2001 - regularly speaking at conferences and contributing to a variety of web development and accessibility related mailing lists and initiatives such as the Web Standards Project. Published works include a chapter in Web Accessibility: Web Standards and Regulatory Compliance, released by Friends of Ed in 2006, as well as various articles for .net magazine, where he sits on the advisory panel. An outspoken accessibility and standards advocate, Patrick favours a pragmatic hands-on approach over purely theoretical, high-level discussions. "I'm an idealist by nature, but a pragmatist by trade. I'd never class myself as an expert and I certainly don't have all the answers...I'm just an opinionated guy eager to find real world solutions 'where the rubber meets the road'." His personal corner of the web can be found at http://www.splintered.co.uk. Patrick will be giving a plenary talk entitled "HTML5 (and friends)".

Ewan McIntosh will be giving a Plenary Talk on Unleashing the Tribe. University and 'real life' are often seen as distinct entities by students, and employers. Outside academia huge changes in the way we interact and how knowledge is shared and analysed have been afoot for some time. A generation of Bebo Boomers are repeating the solidarity and participation witnessed by the baby boomers forty years ago. The net, gaming and mobile technologies are encouraging more collaboration across greater distances and cultures than ever before. Such stories should be encouraging rapid change in the nature of schooling. So what are the main routes down which educators could go and what are the main challenges to overcome?

Wilcox Industries’ manufacturing and assembly facility in Victoria will be a joint venture with its Melbourne-based distributor and partner, Aquaterro – a leading supplier of law enforcement and defence equipment in Victoria.

Balluff Leuze has invested in a custom-built automation centre in Bayswater, located 40 minutes east of Melbourne’s city centre, as part of its continued Australian expansion plans. The German company, which specialises in technically innovative products for the Automation industry has been working in Australia for 15 years and is considered a leader in sensor technology. They also build a range of safety products that are used in the Victorian manufacturing sector.

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

Fall Into A Classroom by Joining Beaufort County School District's Fall Virtual Hiring Event! The Recruiting Team for Beaufort County School District (BCSD) in South Carolina is seeking the best and brightest teachersfor a January 2024 start! Located south ofCharleston and north of Savannah, the Beaufort County School District isa diverse community encompassing Bluffton, Beaufort, and Hilton Head. If you like plentiful sunshine, intercoastal waterways and hundreds of miles of beaches, it might be just the place for you! We are hosting a hiring event for upcoming December graduates interested in a certified teaching position in January! We pride ourselves on creating an amazing environment for new college graduates to thrive from around the country! We are excited to announce that we offer the following life-changing perks! $51,816 First Year Tacher Salary | One of the Top Paying Districts in South CarolinaLocality Supplement of $1,500 each year (Only $750 for January – May)Comprehensive Induction and Mentoring Program of Support for Career GrowthCompetitive Benefits and Retirement PackageNo Cost & Anonymous Virtual Mental Health CounselingEducational Support for TeachersPrime Opportunities for Internal Career MobilityAn Abundance of Professional Development OpportunitiesBeautiful Location, Weather and LifestyleClose to Charleston (SC), Savannah (GA) and Jacksonville (FL) We would love to invite you to register to our virtual hiring event which we will hold on November 14th, from 1pm-5pm. To get started, complete an application via Frontline. Once you have completed your online application, you will be ableto select an interview time that works best for you via Calendly. If you are ready to learn more about our school district, check out our Back to School Video, highlighting some of our schools in the county.  Are you wondering what makes Beaufort County School District so special? Our amazing teachers have the answers! ????✨ Check out these inspiring stories from our educators, sharing why they chose to join BCSD and what makes our community the perfect place to grow, learn, and make a difference. ❤️???? ???? Watch their stories here and discover the heart and passion that drive our schools! #WhyBCSD #LiveWhereYouLoveLoveWhereYouWork We cannot wait to meet you! The Recruiting TeamBeaufort County School District (SC)bcsdrecruiters@beaufort.k12.sc.usOffice Number: 843-379-6920

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

FALL into a career that changes lives!  Mark your calendar for the upcoming Virtual Hiring Event, become a teacher with Beaufort County School District, and start in January 2025!???? Why Join Beaufort County School District? ????Looking for a place where you can live where you love and love where you work? ???? Beaufort County School District is calling your name! Here’s why you should consider becoming part of our amazing team:✨ Locality Supplement - We value our educators and reward them for choosing to work in our beautiful community. ???? Affordable Afterschool Childcare - Peace of mind with affordable care for your little ones aged 5-12. ???? Two-Year Induction & Mentoring Program - We support our new teachers every step of the way. ????️ Prime Location - From the charm of Hilton Head Island to the vibrant communities of Bluffton and Beaufort, you’ll be working in some of the most desirable areas in the Lowcountry. ???? Close to Charleston & Savannah - Enjoy the perks of living near these historic cities. ???? Internal Career Mobility - Grow your career with us, and explore endless opportunities within the district. ???? Professional Development - We’re committed to your growth with ample opportunities to enhance your skills.Join us and make a difference in a place you’ll be proud to call home! ???? #BeaufortCountySchools #TeachingInParadise #CareerInEducation #JoinOurTeam

Event Begins: Thursday, November 14, 2024 9:00am
Location:
Organized By: University Career Center

Did you know that if you have at least a bachelor's degree in any area, you may be eligible for teaching certification? During this virtual information session, you will learn about the steps to become certified to teach in Florida and get a snapshot of our career opportunities, benefits, employee perks, and more!To receive a meeting link, register here: https://forms.office.com/r/MMpsLGrGRiThe Osceola School District is located in Centra Florida - https://www.osceolaschools.net/Connect with us!https://www.linkedin.com/company/osceolaschoolsfl/https://www.facebook.com/SDOCHumanResources.  

Triumphant Entry by Master Peace Collection is a(n) Open Edition. The Edition is Limited to N/A pcs

The Navy awarded Norway’s Kongsberg a $961 million multiyear contract for the Naval Strike Missile (NSM), also known as the Over the Horizon-Weapons System encanistered missiles. NSMs are currently deployed […]

The acquisition establishes a direct corporate presence in Australia and a foundation for further expansion in the Asia-Pacific region, a press release from Fieldpiece said.

Aquatherm North America has announced B&B Trade Distribution Centre as its newest distribution partner. B&B services the HVACR and sheet metal trades across Ontario from locations in Toronto, Oakville, Hamilton, London, and Windsor.

The U.S. Green Building Council (USGBC) announced that Canada has topped its international rankings of the Top 10 Countries for LEED. The list highlights countries outside of the U.S. that are making significant strides in sustainable building.

Phoenix Restoration Equipment announces the release of its new, free iPhone application that will instantly calculate the psychometric data essential to restoration professionals. 

Why it's important?

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts.

In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect.

Distribution of forecasts for PPI

PPI Y/Y

• 2.4% (11%)
• 2.3% (68%) - consensus
• 2.2% (16%)
• 2.0% (5%)

PPI M/M

• 0.4% (2%)
• 0.3% (13%)
• 0.2% (74%) - consensus
• 0.1% (7%)
• 0.0% (2%)
• -0.1% (2%)

Core PPI Y/Y

• 3.1% (12%)
• 3.0% (47%) - consensus
• 2.9% (35%)
• 2.7% (6%)

Core PPI M/M

• 0.3% (57%) - consensus
• 0.2% (40%)
• 0.1% (3%)

Analysis

We can ignore the headline PPI as the market will focus on the Core figures. We can notice that the expectations are skewed to the downside, so a higher than expected reading would be taken as more hawkish and likely give the US Dollar another boost. Conversely, a soft print could trigger a pullback.

The US Dollar remains in an uptrend as the market continues to price out the rate cuts expected in 2025. Right now we have another 25 bps cut priced for December and just two 25 bps cuts priced in 2025 which is already much lower than the Fed's projection of four.

Therefore, there's still a couple of rate cuts to price out in 2025 if the data continues to run hot, but at that point we would need a real acceleration in inflation to have the market pricing in a rate hike. For now, the bar for rate hikes is really high as the maximum the Fed is willing to do is to pause the easing cycle.

• Prior +1.8%; revised to +1.5%

Looking at the details, the drop here is largely driven by a decline in capital goods (-3.8%) and energy production (-1.5%). The former is seen declining back after a surge higher in August (+3.8%). The declines for the month are partially offset by increases in output for durable consumer goods (+0.5%) and non-durable consumer goods (+1.6%). The production for intermediate goods was flat on the month.

Reserve Bank of Australia Governor Bullock

• bond markets pretty well behaved globally
• bond markets reflecting increasing government debt
• think we are restrictive enough, will stay there until confident on inflation

More:

• recent inflation had both supply- and deand-sdie components
• aim is to lower inflation
• prices not going back to pre-covid level, that would be deflation and not going to have that

Manufacturing

VIENNA, 13 July 2016 – OSCE Representative on Freedom of the Media Dunja Mijatović today said that media laws under consideration by the Parliament in Moldova run counter to international standards on media freedom.

On 7 July the Parliament adopted, in the first reading, three amendments to the Audio-visual Code of the Republic of Moldova. All three amendments aim to limit broadcasts in foreign languages or those originating from abroad.

“It is counterproductive to try to limit speech through excessively restrictive legislation,” Mijatović wrote in a letter yesterday to the Chairperson of the Parliament of the Republic of Moldova, Andrian Candu. “In my view it seems excessive and may be ineffective.”

The reasoning given for introducing the restrictive provisions banning broadcasts or rebroadcasts of certain content is that it originates from states that are neither members of the European Union, nor are parties to the European Convention on Transfrontier Television. 

“I trust that the draft laws will be carefully reviewed by the members of Parliament before being adopted in the second reading, ensuring that the regulation does not pose undue limits on free expression and free flow of information,” Mijatović said.

The Representative also pointed to the recommendations of her Office’s non-paper “Propaganda and Freedom of the Media” published in 2015 (available at www.osce.org/fom/203926).

The OSCE Representative on Freedom of the Media observes media developments in all 57 OSCE participating States. She provides early warning on violations of freedom of expression and media freedom and promotes full compliance with OSCE media freedom commitments. Learn more at www.osce.org/fom, Twitter: @OSCE_RFoM and on www.facebook.com/osce.rfom. 

Related Stories

• OSCE Representative condemns incidents directed at journalists and independent voices in Bosnia and Herzegovina
• OSCE Representative condemns murder of journalist Pavel Sheremet in Ukraine
• Russia’s labeling of journalists as terrorists a threat to media freedom, OSCE Representative says

TBILISI, 5 July 2016 – At the close of the OSCE Parliamentary Assembly’s 25th Annual Session in Tbilisi today, members of the Assembly elected Austrian parliamentarian Christine Muttonen as President. Muttonen has previously served as OSCE PA Vice-President and Special Representative for Central and Eastern Asia, and is Deputy Head of the Austrian Delegation to the PA.

Upon being elected, Muttonen said that she would pursue direct talks with governments and other OSCE institutions on advancing avenues for closer co-operation.

“Parliamentarians can play a very important role in securing peace and stability,” she said. “It will be my duty to make sure they have the possibility to do so.”

OSCE PA Vice-Presidents were also elected today: Vilija Aleknaite Abramikiene (Lithuania), Azay Guliyev (Azerbaijan), and Isabel Santos (Portugal) were elected to three-year terms, and Victor Dobre (Romania) was elected to a one-year term.

On Monday, the OSCE PA’s General Committee on Political Affairs and Security elected its leadership. Members of the committee re-elected Roger Wicker (United States) and Margareta Cederfelt (Sweden) Chair and Rapporteur, respectively, and Guglielmo Picchi (Italy) was elected Vice-Chair.

In the General Committee on Economic Affairs, Science, Technology and Environment on Sunday, members elected Nilza Sena (Portugal) Chair and Artur Gerasymov (Ukraine) Vice-Chair. Italian parliamentarian Marietta Tidei was re-elected Rapporteur.

Members of the General Committee on Democracy, Human Rights and Humanitarian Questions on Monday elected Ignacio Sanchez Amor (Spain) Chair and Kyriakos Kyriakou-Hadjiyanni (Cyprus) Rapporteur. Vice-Chair Ivana Dobesova (Czech Republic) was re-elected by acclamation.

In his final address as Assembly President, Finnish parliamentarian and former Chairperson-in-Office of the OSCE Ilkka Kanerva noted that he has led the PA during challenging times.

“In these times, it is important to recall the validity of all ten Helsinki Final Act principles. As President, I have worked to reaffirm these principles, even as they have been put to the test lately. I believe that reviving the spirit of Helsinki requires ensuring that the OSCE Parliamentary Assembly remains an Assembly that is inclusive, open and transparent,” he said.

He also highlighted his special paper distributed at the Tbilisi Annual Session entitled “Our common vision for the OSCE Parliamentary Assembly.”

Kanerva was elected President of the Assembly at the Baku Annual Session in July 2014, and will now serve as President Emeritus of the Assembly.

For the full text of the OSCE PA’s Declaration and resolutions adopted today in Tbilisi, as well as speeches, photos, videos and more, please visit http://www.oscepa.org/meetings/annual-sessions/2016-tbilisi-annual-session. Additional photos are available on the Georgian Parliament’s Flickr pages at https://www.flickr.com/photos/geoparliament  and https://www.flickr.com/photos/oscepatbilisi/.

The OSCE Parliamentary Assembly is comprised of 323 parliamentarians from 57 countries spanning Europe, Central Asia and North America. The Assembly provides a forum for parliamentary diplomacy, monitors elections, and strengthens international co-operation to uphold commitments on political, security, economic, environmental and human rights issues.

Related Stories

• OSCE parliamentarians in Tbilisi adopt wide-ranging Declaration on human rights, security and the environment
• OSCE parliamentarians consider resolutions on security, economic and environmental concerns and human rights
• OSCE PA human rights committee Chair Ignacio Sanchez Amor follows up on developments in Turkey