Topic: United States
Written by Leon Roberts
Nashville, TN – The Mississippi River Commission recently navigated the Tennessee River and Cumberland River to gain a fresh perspective for the development of plans to improve the condition of the Mississippi River Basin, foster navigation, promote commerce, and reduce flood risk.
The commission met with stakeholders while inspecting the waterways and visited U.S. Army Corps of Engineers Nashville District and Tennessee Valley Authority projects.
Nashville, TN – A joint investigation involving the Tennessee Bureau of Investigation, the U.S. Marshals Service and the Clarksville Police Department has resulted in the recovery of a 9-year-old boy who was taken from Clarksville earlier this year.
Christopher Ponce was the subject of an Endangered Child Alert issued February 27th, after he was taken by William Stanley King following a custody hearing that day, in which King lost custody of Christopher. King, who also went by the name William Allen Borck, was married to Christopher’s mother.
Austin Peay State University professor Antonio Thompson researching history of World War II POWs in Tennessee
Clarksville, TN – As thousands of American men traveled overseas to fight for the Allied forces during World War II, a surprising number of captured Axis prisoners of war (POWs) were making the opposite intercontinental journey.
A total of 425,000 Axis (Germany, Italy and Japan) POWs were held all across the United States in nearly every state. This marked the first time since the Civil War that large numbers of POWs were held on American soil.
Clarksville, TN – The economic data were mixed, but generally consistent with moderately strong growth. The ISM surveys went in opposite directions – the manufacturing index was softer than anticipated, while the non-manufacturing index exceeded expectations. Unit auto sales rebounded. The July Employment Report was about as expected.
Nonfarm payrolls rose by 215,000, with a net upward revision to May and June of +14,000. That put the three-month average at 235,000 (a 2.82 million annual rate). The unemployment rate held steady at 5.3%.
Average U.S. Gas Prices to Possibly Drop Another 15 Cents in August
Tampa, FL – Gas prices are falling at the fastest rate since January due to cheaper crude oil costs and the resolution of some refinery issues in the western United States. The national average price of gas has dropped for 18 days in row for a total of 12 cents per gallon. Today’s national average price of gas is $2.65 per gallon, which is the lowest average for this time of year since 2009.
“It feels good to see gas prices drop during the middle of the busy summer driving season,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Millions of people are hitting the roads right now and these gas savings should make their trips more affordable.”
Clarksville, TN – The week began with an 8.5% drop in the Shanghai Composite Index, which sent markets down worldwide (but the Chinese market appeared to stabilize later). The Fed made only slight alterations to the wording of the monetary policy statement, and did not provide a strong signal that a September move is coming.
Real GDP rose at a 2.3% annual rate in the advance estimate for 2Q15, a bit shy of expectations, but the first quarter was revised to +0.6% (from -0.2%). Annual benchmark revisions showed a somewhat slower rate of growth in the past few years (mostly in 2013), which implies that the output gap (the difference between GDP and potential GDP) is higher than it was thought to be earlier (an important consideration for the Fed).
Clarksville, TN – This week the economic calendar is busy. The focus is likely to be on the GDP report (note that financial market participants typically over-emphasize the headline figure – the devil is in the details).
Durable goods orders are expected to have been boosted by a pickup in aircraft orders in June, but the trend in non-transportation orders has been weak in recent months. The Conference Board’s Consumer Confidence Index rose sharply in June – so it wouldn’t be unusual to see a modest pullback in July.
Knoxville, TN – Older adults who have stopped driving are almost two times more likely to suffer from depression and nearly five times as likely to enter a long-term care facility than those who remain behind the wheel, according to a new report released by the AAA Foundation for Traffic Safety and Columbia University.
The study examined older adults who have permanently given up driving and the impact it has on their health and mental well-being.
Written by Alan Buis
Pasadena, CA – NASA has joined a multi-agency field campaign studying summer storm systems in the U.S. Great Plains to find out why they often form after the sun goes down instead of during the heat of the day.
The Plains Elevated Convection at Night, or PECAN, project began June 1st and continues through mid-July. Participants from eight research laboratories and 14 universities are collecting storm data to find out how and why storms form.
Washington, D.C. – The Second Continental Congress unanimously adopted the Declaration of Independence, announcing the colonies’ separation from Great Britain on July 4th, 1776.
The Constitution provides the legal and governmental framework for the United States, however, the Declaration, with its eloquent assertion “all Men are created equal,” is equally beloved by the American people.
Philadelphians marked the first anniversary of American independence with a spontaneous celebration, which is described in a letter by John Adams to Abigail Adams.
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