US advance Q1 GDP up 0.5% vs. 0.7% expected

U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014...
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America's earnings recession just got worse

Weak global growth is closing consumers' wallets, while the strong dollar is only making iPhones and other American goods more expensive for foreign buyers. Add on still-low oil prices and Corporate America is facing major headwinds.
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Obamanomics under fire from GOP as economy slows to 0.1 percent growth rate

WASHINGTON – The U.S. economy slowed to an anemic pace in the first quarter of the year, according to new Commerce Department estimates, renewing Republican claims that Obama administration policies are slamming the brakes on the recovery. ✧ The department estimated that growth slowed to a barely discernible 0.1 percent annual rate between January and March. That was the weakest pace since the end of 2012 and was down from a 2.6 percent rate in the previous quarter.

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IBD: President Obama's Growth Gap Hits $1.31 Trillion

Stagnation: With fourth-quarter GDP growth downgraded in the latest government report, President Obama's anemic economy stretches on. If this had been only an average recovery, we'd be $1.31 trillion richer. ✧ Remember all that talk at the beginning of last year about how prosperity was — finally — just around the corner? In February 2013, for example, Reuters reported "signs are emerging that a more robust recovery is around the bend." ✧ The same month, Bloomberg told its readers that "most Fed policymakers expect growth of 2.3% to 3%." ✧ At the start of last year, the Obama administration projected growth in 2013 would be 2.3%. The Blue Chip consensus forecast was slightly higher. ✧ None of those projections was stellar. But with the Bureau of Economic Analysis' sharp downward revision of Q4 growth — from 3.2% to 2.4% — each turned out to be overly optimistic. Actual gross domestic product growth for 2013 came in at a pathetic 1.9%.

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The mini ice age starts here

MAIL Online, 1/10/2010 by David Rose - The bitter winter afflicting much of the Northern Hemisphere is only the start of a global trend towards cooler weather that is likely to last for 20 or 30 years, say some of the world’s most eminent climate scientists. ∴ Their predictions – based on an analysis of natural cycles in water temperatures in the Pacific and Atlantic oceans – challenge some of the global warming orthodoxy’s most deeply cherished beliefs, such as the claim that the North Pole will be free of ice in summer by 2013. ∴ According to the US National Snow and Ice Data Centre in Colorado, Arctic summer sea ice has increased by 409,000 square miles, or 26 per cent, since 2007 – and even the most committed global warming activists do not dispute this. Read more at Mail... Read More......