US raw steel production rose 1.0 percent last week
… as mills operated at an Average Capability Utilization Rate (ACUR) of 75.7 percent. In the corresponding week last year mills operated at an ACUR of 76.5 percent. For the year mills have operated at an ACUR of 77.1 percent up 0.5 percent from the same period last year.
Thursday 10/23/14: CFNAI Report
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.47 in September from -0.25 in August. Three of the four broad categories of indicators that make up the index made positive contributions to the index in September. The index’s three month moving average (CFNAI-MA3) increased to +0.25 in September from +0.16 in August, marking its seventh consecutive reading above zero. September’s CFNAI-MA3 suggests that growth in national economic activity was somewhat above its historical trend.
Conference Board Leading Economic Index
Also released on Thursday was the Conference Board Leading Economic Index which increased 0.8 percent in September to 104.4 (2004=100), following no change in August and a 1.1 percent increase in July.
The outlook for improving employment and further income growth are expected to support the moderate expansion in the US economy for the remainder of the year.”
The stock market ended the week on a positive note
Up 127 points, I believe it had more positive days than not this week. There was some pretty good news from the manufacturing sector. Additionally Nucor Steel reported a large increase in profits as did Steel Dynamics, profits up around 59% for the quarter at that mill.
Jihadist Attacks Abroad and At Home
On Monday a random jihadist ran over 2 Canadian military servicemen, one of the men was killed, the other wounded. The scumbag, after a police chase, got out of his car brandishing a knife. He was shot dead, a deserving end for a low life. Authorities are investigating for terrorist links. He was a Canadian citizen and a recent convert to Islam.
On Wednesday morning it is being reported that multiple shots have been fired on Parliament Hill and at the War Memorial, all in Ottawa, Canada. One officer was hit and has subsequently died. He has a wife and a young child. Now his child won’t know his dad and his wife won’t know the love of her husband. The piece of shit shooter is dead, killed by the Sergeant at Arms in the Parliament building. Though this has not yet been proven to be ISIS related (I suspect it will), Canada upgraded its security status yesterday in response to a recent increase in ISIS chatter calling for violence against Canadian police and military personnel. The perpetrator had in fact converted to Islam (he is dead meat now, so I guess he WAS a convert).
This is getting a little out of hand with these radicalized people, don’t you agree? Don’t forget the beheading in Moore, Oklahoma several weeks back. There are rats in the house.
On Friday morning it was reported that a radical Islamist attacked 2 New York police officers with an axe. One officer had his arm broken, the other was hit in the head. The rat was shot dead….
On Friday afternoon we were informed of another school shooting in Washington state. I know the shooter is dead, he was a student at the school and I believe he is the only death from the incident, I suppose he shot himself. Three students are in critical condition.
I am at a loss to explain all the bad news we are subjected to, I cannot comprehend such violence happening around the world all day every day and especially here, in the United States. I “believe in God, the Father, the Almighty maker of heaven and earth” I do not understand His purpose in allowing all of this violence to continue, I just do not get it. Scripture writes about the end of times. Might we be closer than we think?
DON’T FORGET TO VOTE ON TUESDAY NOVEMBER 4, 2014
Fast & Furious-providing weapons to criminals leading to a loss of American life. No one held accountable. The president was unaware.
The loss of 4 American lives at our embassy in Benghazi, Libya. No one held accountable. The president was unaware.
The IRS targeting conservative political groups for tax-exempt status. No one held accountable. The president was unaware.
The National Security Administration eavesdropping on the phone calls of American citizens. No one held accountable. The president was unaware.
The software program created for the Affordable Healthcare Act, at a cost of $1 billion (thus far) and 3 ½ years to “perfect”, has been unusable to the American people. No one held accountable. The president was unaware.
Spying on our Allies, specifically Angela Merkel of Germany. No one held accountable. The president was unaware. (Although these things go on knowingly between countries all the time, the fact that our president denies knowledge of this is just another sign of his incompetence as the leader of the most powerful country on the planet).
“If you like your current insurance plan you can keep it. Period” Barack Obama
“If you like your doctor, you can keep him. Period” Barack Obama
Have a great weekend and….
Hug your children and grandchildren, tell them you love them.
Buy American made products whenever you can.
Hire a Veteran: they are patriots, honest, hard working, disciplined, loyal…. and …. They need and deserve our support.
God Bless America