Here’s a good reason to get-thee’s arse to work:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.
Over the last 12 months, the all items index rose 0.1 percent before seasonal adjustment.
The seasonally adjusted all items increase was broad-based, with advances in the indexes for gasoline, shelter, and food all contributing. The energy index rose for the second straight month as the indexes for gasoline, electricity, and natural gas all increased. T
he food index posted its largest increase since September 2014, partly due to a sharp increase in the eggs index. The index for all items less food and energy rose 0.2 percent in June. In addition to the rise in the shelter index, the indexes for recreation, airline fares, personal care, tobacco, and new vehicles were among the indexes that increased in June.
These advances more than offset declines in the indexes for medical care, household furnishings and operations, used cars and trucks, and apparel.
The all items index showed a 12-month increase for the first time since December, rising 0.1 percent for the 12 months ending June. Despite rising in May and June, the energy index has still declined 15.0 percent over the past year. However, the indexes for food and for all items less food and energy have both risen 1.8 percent over the past 12 months.
And then we have a Housing Starts report to digest:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,343,000. This is 7.4
percent (±1.2%) above the revised May rate of 1,250,000 and is 30.0 percent (±2.3%) above the June 2014 estimate of 1,033,000.
Single-family authorizations in June were at a rate of 687,000; this is 0.9 percent (±1.1%)* above the revised May figure of 681,000.
Authorizations of units in buildings with five units or more were at a rate of 621,000 in June.
HOUSING STARTS
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,174,000. This is 9.8 percent (±19.9%)* above the
revised May estimate of 1,069,000 and is 26.6 percent (±19.6%) above the June 2014 rate of 927,000.
Single-family housing starts in June were at a rate of 685,000; this is 0.9 percent (±11.5%)* below the revised May figure of 691,000.
The June rate for units in buildings with five units or more was 476,000.
HOUSING COMPLETIONS
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 972,000. This is 6.7 percent (±11.8%)* below
the revised May estimate of 1,042,000, but is 22.0 percent (±14.8%) above the June 2014 rate of 797,000.
Single-family housing completions in June were at a rate of 647,000; this is 0.3 percent (±9.3%)* below the revised May rate of 649,000.
The June rate for units in buildings with five units or more was 317,000.
As for market reaction? Not much on the stock side, but the dollar went up which means (if you have been attention while I’ve been up here sniffing this whiteboard marker) that gold should be coming down…
It are and you is a frickin jeenius. Repeat after me: Dee-phlae-shun.
Another Crazy Muslim
Not to go off on a politically incorrect footing here, BUT…
Let me see: We have how many dollars going into Homeland and NSA ear-marked for surveillance? They can probably pick up your paying a credit card bill online, but there’s no profiling of every electronic move by these displaced nutters welcomed to our shores, by the insaniacs of the politically correct league?
What part of stupid isn’t clear, here?
Another Tear-Jerker Global Warming Story
Everything but the virgins and apple pies in this one: Polar Bears are not able to adapt to summer food loss in the Arctic.
Reality check: Polar bears eat seals. Seals eat fish. Russian, Japanese, Korean, and other long-liners and ocean sweepers are killing off the food chain.
It’s not a warming issue.
It’s a collapse of the food chain issue because there are 7 billion people who eat too much.
Solution: Birth control in the water supplies of third world countries like Niger, Mali, Uganda, all the way down through at least #39 in the population-sex-offenders list and beyond. It’s like Yemen’s national sport is popping out more fundamentalist material who hate us. Speaking of Yemen, they are still happily warring when they’re not supporting the one of the fastest birth rates around.
Even though it was/is heavy-handed, China did take the lead in containing its population.
Driverless Car Accident
First injury accident has been announced involving a robotic car.
But it wasn’t the software’s fault.
The Lexus SUV was rear-ended…and some Googsters may have gotten whiplash.
Quake Coming?
Every time I read about a railroad train derailing, I wonder if the underlying roadbed is moving as earth sets up for another quake?
This time, it’s an oil train in Montana. Far northeast Montana, up near Culbertson, N.D.
Don’t know how much you know about the lay of the land up there, but the plains sort of take off east from around Billings. And we have often wondered, since the US continent is moving West, if there wouldn’t be a lot of high plains earth movement before a Big One in Cascadia…
Equal Opportunity Porn
How’s this, again? Almost one in four porn viewers is now female?
Our Kind of Workplace
A mayor in Spain has declared citywide naps for all. The 2-5PM Siestas are only a recommendation, however.
And you wonder why the EU will someday have to implode? But while we’re at it,. how about a morning nap, too, from say 8 AM to lunch hour?
Ganj For Bone Fractures
Not sure if it works on humans but we do wonder where PETA, Greenpeace, and the WWF was while the researchers were breaking rat legs to test out the theory…
And If You Haven’t Hit the ViseGrips Yet…
A lawsuit in Seattle says the city’s new composting law is too tough.
I truly don’t get it: People have enough money to hire an attorney, but not to buy a shredder? Help me, pinch me…
Is it Miller time, yet?
As Reader Bill warned”
George,
I take issue with your statement that we’ve become a “nation of idiots”. I would dress you down for it, but my sub-par education, and the lack of use of the one I did receive, makes it impossible for me to find the right words. We’re not ALL stupid you “no”…
Oh yes we is…and tewdays nooze pruves zit.
For population control, and since money is all artificial anyway, just give everyone a new car, if they have their tubes tied or snipped and if at some time in the future they become wealthy enough they can have them reattached
Why is it that the people who complain about the planet being overpopulated never volunteer to give up THEIR place on it? Just curious…..
another crazy Texan….
…that still believes life is a business model? I lived in a depressed neighborhood in Sacramento for 25 years that didn’t turn around until the Pakistani’s moved in and the white trash moved back up into the hills. I’ll take Islam over meth most any day of the week.
It’s not so much about being politically correct as understanding the “one” in all. Once you figure out the human connection, the financials usually fall into place.
For the record, you and I once shared the same boss in our early radio days.
Getting rid of those pesky overpopulated natives has been tried before.
Aren’t you glad you aren’t captives of the state, dependent on a handout, or pull of slot machine for your survival. Before birth control, there was plain old bioterrorism (pass the small pox blanket please). Eradication of food source was very successful (did you know the buffalo were wiped out intentionally?)
I believe the objection to the composting law concerns inspectors checking people’s garbage cans for compliance. Wonder if it pays more than $15/hour?
“Solution: Birth control in the water supplies of third world countries like Niger, Mali, Uganda, all the way down through at least #39 in the population-sex-offenders list and beyond.”
This is a VERY DANGEROUS IDEA, though the reproduction of humans in these countries needs to stop posthaste. Unfortunately, like fluoride, as the drinking water is used by the entire ecosystem, animals, plants, etc., and that will be affected. Runoff water contains these chemicals, and even well water in the USA contains them, as a function of people flushing their toilets with drinking water, along with all the other uses.
Probably the most effective solution for these countries is a vaccination of all the women against HCG, which would prevent any pregnancy from progressing more than a few days/weeks at most. Without doing something radical, we can expect a natural dieback of the human overgrowth, similar to that which we see in all other ecosystems with overgrowth, including bacteria and algae. There may be a moral dilemma here, but there is no moral dilemma regarding death by the four horsemen, a virtual certainty if nothing is done. The HCG “vaccination” needs to be available on request to any woman in the other countries too. The flip side of this might be to develop an anti-sperm vaccine for males, though the research here, as always, lags. Most men who have sex would appreciate the option to avoid relying on the woman’s word regarding contraception.
China is loosening up on their one child policy, and this is dangerous too. That, and their excess male problem which is just another trigger for war with someone, probably in the time frame you foresee.
Seattle’s composting law and the resulting lawsuit: The privacy thing is a side issue, it’s more about due process. The city allows the garbage man to sift through people’s garbage and determine if there is more than than ten percent compostable material in the garbage. If so, the homeowner/business owner gets fined by the garbage company.
Last year Waste management provided us with rolling cans. One for garbage, one for recyclables. Up until then if one wanted to be a good steward one had to separate into separate bins the various recyclable materials. Oh and washed mind you. I never did it. I will be damned if I am going to do the job an illegal could do at far less pay than my time is worth. Now I dump all the recyclables in the one can, wheel it out to the street (not a short way on rural property, but doable) and voila, good steward and citizen all at the same time. Well, maybe not that good of a citizen. I still refuse to clean the damned trash for them.
I’m with you, Don. On our Seattle-Tacoma trip, I got to “empty the garbage” several times. Glass in one container, cardboard in another (clean) metal over here. Elaine and I talked about it on the way back.
99% of garbage sorting issues could be resolved at the manufacturing level. Plastic pouch everything and end the recycling madness.
In the meantime, here in the rural parts of the Republic, we don’t run three garbage trucks per address…and then lie to ourselves about “saving money” with recycling. Who are these people and where did they study cost accounting?
You ever wonder if Rubbermaid, or any of the container folks, gave mightily to such legislation?