Washington, D.C. – A new study, released today by the American Heart Association, projects that by 2035, cardiovascular disease (CVD), the most costly and prevalent killer, if left unchecked, will place a crushing economic and health burden on the nation’s financial and health care systems.
According to the study, in the next two decades, the number of Americans with CVD will rise to 131.2 million – 45 percent of the total U.S. population – with costs expected to reach $1.1 trillion.
Clarksville, TN – The economic data calendar was thin. December trade figures were roughly in line with expectations. The University of Michigan Consumer Sentiment Index fell in the mid-February estimate.
Stock market investors were encouraged by the prospect for tax cuts following comments by U.S. President Donald Trump. In contrast, the bond market, recognizing that the process for cutting taxes will be contentious and lengthy, is less fearful of a large boost to the federal budget deficit (hence, bond yields have backed down over the past month).
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected, and tweaked the wording of the policy statement slightly. There were no solid clues as to the timing of the next increase in short-term interest rates, but officials noted the improvement in consumer and business sentiment and seemed a little more confident that inflation “will” increase to the 2% goal.
While January numbers are often suspect due to the magnitude of the seasonal adjustment, the economic data continued to paint a picture of the economy that is in good shape.
Clarksville, TN – The economic calendar was relatively thin. Small business optimism rose sharply in December. Growth in retail sales was concentrated in autos and gasoline – mixed and generally flat otherwise (with unusual softness in food) – but it was still a relatively good quarter overall.
Department store sales were weak, but that is a long-term trend (not necessarily a sign of consumer weakness). The PPI was largely in line with expectations, reflecting moderate pipeline inflationary pressures (consistent with further Fed rate hikes in the months ahead).
Congressman Marsha Blackburn
7th District of Tennessee
Washington, D.C. Fellow Americans-
I want to extend a very Merry Christmas to you and your families this holiday season. May we all take time to remember true meaning of Christmas, the gift of our Savior Jesus Christ. I hope that you are able to enjoy time with your loved ones and to make many special memories together. Let’s look forward to all that 2017 will offer us.
Many of you told me how much you enjoyed the facts from our Thanksgiving report, so I hope that you will enjoy sharing these Christmas facts from the History Channel with your friends and family.
Clarksville, TN – Italy voted “no” on its constitutional referendum and Prime Minister Renzi resigned. South Korea’s president was impeached. The European Central Bank extended its asset purchase program to the end of 2017, but will reduce the monthly pace of purchases in April.
None of that disturbed U.S. equity market investors who continued to enjoy the Trump sizzle. After showing some signs of stability, bond yields again moved higher.
Washington, D.C. – American Heart Association CEO Nancy Brown issued the following comments today on the Surgeon General’s report, “E-Cigarette Use Among Youth and Young Adults.” The report examines the growing use of these products by youth under the age of 25 in the U.S. and makes policy recommendations for how to fight this public health threat:
“The Surgeon General’s call to extinguish e-cigarette use among young Americans deserves high praise and fervent support.
Congressman Marsha Blackburn
7th District of Tennessee
Washington, D.C. – Fellow Americans –
We are sending our weekly Blackburn report to you a little early this week. I am certain that you and your family are much like mine and will enjoy the time to gather, eat some of your favorite foods, laugh, reminisce, and recount adventures together and probably enjoy a little football.
One of my favorite Thanksgiving activities is to have my grandsons join me in the kitchen to create some of our favorite foods and they always want to make an interesting dessert. This year, they want it to have a Vols theme, so it sounds as if orange frosting might be in my future.
Washington, D.C. – The Treaty of Versailles was signed on June 28th, 1919, in the Palace of Versailles outside the town of Versailles, France officially ended World War I, also known as “The Great War”.
However, fighting ceased seven months earlier when an armistice, or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11th, 1918, is generally regarded as the end of “the war to end all wars.”
Written by DC Agle
Pasadena, CA – The number of discovered near-Earth asteroids (NEAs) now tops 15,000, with an average of 30 new discoveries added each week. This milestone marks a 50 percent increase in the number of known NEAs since 2013, when discoveries reached 10,000 in August of that year.
Surveys funded by NASA’s Near Earth Object (NEO) Observations Program (NEOs include both asteroids and comets) account for more than 95 percent of discoveries so far.
The 15,000th near-Earth asteroid is designated 2016 TB57.
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