5:09 PM, Apr 30, 2015 • By GEOFFREY NORMAN
After yesterday’s disappointing GDP number (it grew by a meager .2% in the last quarter) we got this from Jason Furman, chairman of the White House Council of Economic Advisors:
"This quarter was only the fourth in 60 years on record with three or more snowstorms sufficiently severe to be rated by the National Climatic Data Center's Northeast Snowfall Impact Scale. In addition, as measured by heating degree days, this quarter was the third coldest in 20 years. Indeed, winter weather likely reduced both consumption and investment, contributing to this quarter's below-trend output growth."
Mr. Furman sounds more like a meteorologist for a local television station than an economist. Heating degree days?
Also, since the end of the great recession, growth has averaged about half of what it had been over the previous seventy years. Tough to hang that on the weather.
7:02 AM, Jan 29, 2015 • By JERYL BIER
Environmental Protection Agency (EPA) administrator Gina McCarthy took to the EPA and White House blogs Wednesday to declare that "
9:41 AM, Jan 27, 2015 • By GEOFFREY NORMAN
If the storm were a Broadway play, it would have closed after opening night. Which, in a way, it did. The headine from CNBC reads:
Chris Cuomo Complains About Waiting for Hot Cocoa8:21 AM, Jan 27, 2015 • By DANIEL HALPER
On CNN this morning, the host kissed Mayor Bill de Blasio before she interviewed him, and handed him a cup of hot chocolate:
The other host, Chris Cuomo, complained that he'd been waiting for an hour and a half for his hot cocoa to arrive.
"The mayor comes and the hot cocoa comes," Cuomo complained as his co-host arrived on set in the middle of his interview with de Blasio. "The hot cocoa comes. I've been asking for it for an hour and a half."
3:10 PM, Dec 22, 2014 • By JERYL BIER
Secretary of State John Kerry used the occasion of the 10th anniversary of the devastating earthquake and subsequent tsunami in the Indian Ocean region as a reminder about climate change. The earthquake released huge walls of water that inundated a number of coastal regions in both Asia and Africa just before Christmas in 2004. Kerry recalls hearing the news:
10:02 AM, May 1, 2014 • By GEOFFREY NORMAN
First time claims rose to 344,000 last week, highest in nine weeks. Economists were expecting 320,000. Yesterday, stalled GDP growth in the 1st quarter was widely blamed on the weather. This big, disappointing miss is being explained, according to Michelle Jamrisko of Bloomberg, as having something to do with:
… the difficulty adjusting the data for seasonal variations such as the Easter holiday and spring recess at schools.
12:41 PM, Feb 21, 2014 • By JERYL BIER
Former New York City mayor Michael Bloomberg met with U.N. Secretary General Ban Ki-moon at United Nations headquarters today for Bloomberg's new role as United Nations special envoy for cities and climate change. At the photo op, the secretary general was effusive in his praise of Bloomberg, even crediting him for transforming New York City into a "carbon-free city" [emphasis added]:
7:03 AM, Jan 21, 2014 • By DANIEL HALPER
The federal government is closed, according to the U.S. Office of Personnel Managment:
Why? Because the forecast calls for snow. (Currently there is no snow falling or on the ground.) From the National Weather Service:
1:44 PM, May 23, 2013 • By DANIEL HALPER
The National Oceanic and Atmospheric Administration "predicts active 2013 Atlantic hurricane season," according to a press release on the government agency's website. The other alternative being offered by NOAA is that this year's hurricane season will be "extremely active."
1:23 PM, Jan 8, 2013 • By DANIEL HALPER
This last year, 2012, was the warmest year on record, according to the National Oceanic and Atmospheric Administration. It was also "a historic year for extreme weather that included drought, wildfires, hurricanes and storms; however, tornado activity was below average."
10:14 AM, Sep 5, 2012 • By DANIEL HALPER
Politico reports: "Democratic officials confirm to POLITICO that President Obama's prime time address will be moved indoors to the Time Warner Center. The Thursday address was scheduled to be at Bank of America stadium — an outdoor venue with m
8:54 AM, Aug 27, 2012 • By DANIEL HALPER
Former vice president Al Gore previews the "new version of the slideshow" on climate change in an interview with TakePart.com. "[E]very night on the news now, practically, is like a nature hike through the book of Revelations," Gore says in the excerpt released this morning.
11:45 AM, Aug 10, 2012 • By GEOFFREY NORMAN
“After a spring and summer of weak economic indicators, a flurry of fresh data suggest key sectors of the economy might be gaining traction, just as the battle for the White House enters the final round,” Zachary A. Goldfarb & Michael A. Fletcher, Washington Post.
In some sectors of the media, it begins to seem that "the economy" is not so much the aggregate of all the things we do in the way of getting and spending as it is a large, imponderable, mercurial force. Sort of like a hurricane.
11:16 AM, Jul 3, 2012 • By GEOFFREY NORMAN
“Montgomery County, Maryland, is one of the nation's bluest and wealthiest counties; its perennially awful power service raises the question of whether liberals can make the trains run on time,” Gregg Easterbrook, Atlantic.