"Recovery" is a funny word that seems to mean very different things to different people...
Industrial Production rose just 0.2% in November (below the 0.3% rise expected) but October was revised higher from 0.9% to 1.2% amid storm reconstruction.
And so while The Dow Jones Industrial Average has 'recovered' its way to new record highs way beyond Dec 2014 levels, actual Industrial Production continues to lag...
Despite earlier hope amid Tillerson's comments on diplomacy with North Korea, a new batch of satellite images suggests that North Korean leader Kim Jong Un is ignoring warnings from Chinese (as well as American and South Korean) scientists and instead pressing ahead with the country’s nuclear testing regimen at Punggye-ri, a facility situated in the country’s mountainous northeast.
In an unexpected run of good fortune, a shift in the powerful winds that have fanned the SoCal wildfires over the past week and a half has pushed the Thomas Fire – the largest of the six uncontained blazes – away from nearby communities while also clearing the air of smoke, improving visibility for the beleaguered firefighters working tirelessly to suppress the flames. Meanwhile, further south, firefighters have managed to achieve upwards of 90% containment for the Rye, Lilac and Creek Fires:
It’s been nearly a week since the first stirrings of the wildfires ripping across Southern California sprang to life, and firefighters are still struggling to contain the blazes. The two largest and most destructive fires are growing despite firefighters’ best efforts at containment as the powerful Santa Ana winds – which are picking back up after another brief lull - fan the flames.
Santa Barbara officials expanded evacuations Sunday as the Thomas Fire continues to rage through the Southern California county - burning over 230,000 acres to make it the fifth largest in the state since California began keeping records in 1932. Overall, approximately 8,500 firefighters are battling six wildfires across Southern California.