Tampa, FL – This summer is an ideal time to travel to Europe as the U.S. dollar is nearly equal in value to the euro, helping travelers stretch their vacation budgets further. In addition to warm-weather destinations across the U.S. and Caribbean, European cities including Rome, Dublin and Paris are among AAA’s top vacation destinations this summer.
According to the U.S. Office of Travel & Tourism Industries, the number of Americans traveling to Europe so far in 2015 has increased 2.4 percent over last year.
Clarksville, TN – The Clarksville-Montgomery County Public Library will be featuring Cuban artist Mayda Saborit’s paintings in the alcove gallery at the rear of the first floor with an opening on Friday, June 19th.
Saborit’s painterly and colorful oils capture the feel of Cuba from street life to beautiful landscapes.
Clarksville, TN – The economic data reports remained mixed. Real GDP fell at a 0.7% annual rate in the second estimate for 1Q15 (vs. +0.2% in the advance estimate). The revision largely reflected slower inventory growth and a wider trade deficit. Consumer spending rose at a 1.8% pace (vs. +1.9%), while business fixed investment fell 2.8% (vs. -3.8%).
There is currently a debate about whether the seasonal pattern in a number of GDP components may have changed post-recession. Unfortunately, we really don’t have enough data to say for sure.
Clarksville, TN – Most parents want to give their children a better life than they have had. Starting with their offspring’s infancy, parents make every attempt to provide the best they can afford for their children.
By the time their children are adults, many parents have provided not only food, clothing and shelter for their children but public or private school education, extra lessons and sports activities, possibly a college education, a vehicle to drive…..The list goes on and on.
Somewhere along the way, most parents begin to think that their household goods and family “treasures” are items they would like to pass on to their children. Up to a point, this is a good idea. However, several obstacles may present themselves. «Read the rest of this article»
Clarksville, TN – The economic data reports were mixed. Homebuilder sentiment declined in May, but residential homebuilding was stronger than expected in April.
Some of that reflects a rebound from bad weather, but it’s also a consequence of the high level of volatility in the multifamily sector (single-family permits were higher, but not exactly booming). Consumer price inflation remained negative on a year-over-year basis (-0.2%), but core inflation rose slightly more than anticipated.
Written by Alan Buis
Pasadena, CA – NASA’s new Soil Moisture Active Passive (SMAP) mission to map global soil moisture and detect whether soils are frozen or thawed has begun science operations.
Launched January 31st on a minimum three-year mission, SMAP will help scientists understand links among Earth’s water, energy and carbon cycles; reduce uncertainties in predicting climate; and enhance our ability to monitor and predict natural hazards like floods and droughts. SMAP data have additional practical applications, including improved weather forecasting and crop yield predictions.
Clarksville, TN – The mid-month economic data disappointed. Retail sales were weaker than anticipated in April. Industrial production fell short of expectations. Consumer sentiment slid in the mid-May assessment.
However, weekly claims for unemployment benefits remained remarkably low. The reports on import prices and producer prices continued to show disinflationary pressures.
Real GDP for the euro area rose 0.4% q/q (a 1.7% annual rate) in the flash estimate for the first quarter. Bond yields in Europe moved higher, but seemed to meet some resistance.
Clarksville, TN – The April employment report was in line with expectations. Details suggested: 1) a rebound from March weather effects; 2) some moderation in the underlying pace of job growth (relative to the very brisk pace of 4Q14); and 3) a very gradual pace of reduction in labor market slack.
Nonfarm payrolls rose by 223,000, while the weather-restrained March increase was revised down to +85,000 (from +126,000) – leaving an average monthly gain of 154,000 for March and April. The unemployment rate was essentially unchanged at 5.4%. Average hourly earnings rose 0.1%, up 2.2% year-over-year (still lackluster).
Clarksville, TN – GDP growth slowed to a 0.2% annual rate in the advance estimate for 1Q15, reflecting a variety of restraints (weather, West Coast port delays, the strong dollar, and a contraction in energy exploration), many of which are likely to be transitional. Consumer spending rose at a 1.9% pace (vs. +4.4% in 4Q14). Business investment fell, with “mining exploration, shafts, and wells” falling at a 48.7% annual rate.
Inventories rose more than anticipated, adding 0.7 percentage point to growth. Net exports subtracted 1.3 percentage points. Personal income was flat in March, but inflation-adjusted disposable income rose at a 6.2% annual rate in 1Q15 (which is likely to support consumer spending growth in 2Q15).
Clarksville, TN – By digging into the past, Austin Peay State University student Amber Kearns said she hopes to find her future.
A double major in biology and classics, Kearns will be the first APSU student to participate in an excavation in Bulgaria at the site of the former Greek colony known as Alexandropolis.
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