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Washington Officials Put Brakes on Coal Shipments, Call For 2-Year Study

Washington Officials Put Brakes on Coal Shipments, Call For 2-Year Study

Posted by George Prentice on Thu, Aug 1, 2013 at 9:41 AM

Washington state officials want to slow down any efforts to export massive amounts of coal via trains from the Pacific Northwest to the Far East.

Boise Weekly readers have been familiar with the controversy for more than a year, when we first started reporting about local resistance to shipments of U.S. coal to China. (BW, Feature, "The Dirty Dance," Feb. 1, 2012).

The proposal envisioned shipping millions of tons of coal through Montana, Idaho's panhandle and Washington state before being sent to China.

When word started spreading about the proposal, hundreds of citizens began packing a series of meetings to express their concerns over the environmental and economic effects of the plan.

But on July 31, the U.S. Army Corps of Engineers and Washington's Whatcom County said they would study the proposal over two years while the Washington Department of Ecology conducted a second review of the environmental effects of the coal shipments, including greenhouse gases.

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Better economic growth likely to follow weak Q2

WASHINGTON (AP) ? The economy is expected to have grown at a dismal pace in the April-June quarter, weighed down by large tax increases and steep government spending cuts.

But the second quarter should be the low point for the year, economists say. The fiscal drag is expected to fade. At the same time, steady hiring, more business spending and a solid recovery in housing should push growth higher in the second half of the year.

Economists forecast that growth slowed in the April-June quarter to a seasonally adjusted annual rate of just 1 percent, according to a survey by FactSet. That's below the tepid rate of 1.8 percent in the January-March quarter.

The Commerce Department will release the first estimate of gross domestic product, or GDP, for the second quarter at 8:30 a.m. EDT Wednesday. GDP is the broadest measure of the output of goods and services, including everything from manicures to industrial machinery.

Most economists say growth is already starting to pick up. And many are predicting annual growth rates of between 2 percent and 3 percent in the third and fourth quarters.

There are threats to the better outlook. Unemployment is still high at 7.6 percent, limiting consumer spending. And budget fights in Washington could lead to a government shutdown this fall, potentially disrupting the economy.

Still, recent data have been encouraging.

"More and more of the economic tea leaves are pointing in the same direction: toward a growth revival ahead," Scott Anderson, chief economist at the Bank of the West, said.

Home construction, sales and prices have been growing since early last year. Americans purchased newly built homes in June at the fastest pace in five years. That's raised builder confidence to a seven-year high, which should lead to increases in construction and more jobs.

Overall hiring has accelerated this year. Employers have added an average of 202,000 jobs a month from January through June. That's up from 180,000 in the previous six months.

Better hiring has started to boost inflation-adjusted incomes after several years of stagnant wages. Joe Carson, chief U.S. economist at AllianceBernstein, a mutual fund company, calculates that average hourly pay rose at a 3.1 percent annual rate in the second quarter, the fastest pace since the fourth quarter of 2008. That was comfortably ahead of inflation, at just 1 percent.

And business spending has started to increase. Companies have ordered more industrial machinery and other equipment for four months in a row. As those orders are filled, factory production should increase.

Manufacturing is also benefiting from strong auto sales, which topped 7.8 million in the first six months of 2013, the best first-half total since 2007. Analysts expect sales will stay strong for the rest of the year.

Carson notes that housing and autos were the primary sources of growth in the second quarter. Both have benefited from the Federal Reserve's low-interest rate policies. Those sectors usually rebound early in recoveries. But after the Great Recession ended in June 2009, they were held back by tight credit and cash-strapped consumers.

"It's almost like a traditional recovery is just starting, even though we're in the fifth year," Carson said.

Federal Reserve officials have forecast better growth in the second half of the year. And Fed Chairman Ben Bernanke has said that the central bank could begin to scale back its bond purchases later this year if the economy strengthens. But Fed officials typically put greater weight on employment and inflation data than the GDP figures.

The Fed concludes a two-day policy meeting on Wednesday, at which point it could clarify its interest-rate policies.

Most economists blame tax increases and government spending cuts for the sluggish second quarter. Higher taxes slowed consumer spending. And government cuts subtracted nearly a full percentage point from growth at the start of the year.

Even so, the solid pace of hiring suggests the economy is doing better than the growth figures show. Tax receipts have been stronger. Faster growth in the second half of the year would help close those gaps.

The government is also expected to release comprehensive revisions on Wednesday. Roughly every five years, the department incorporates more recent data and adjusts how it calculates GDP.

The revisions will likely show growth was faster in the first quarter and last year than previously estimated, economist say. Michelle Meyer, an economist at Bank of America Merrill Lynch, estimates the revisions could add up to a half-point to last year's 2.2 percent growth rate.

The revisions will also alter GDP data all the way back to 1929. In one major change, the government plans to count spending on research and development as investment, rather than as a regular cost of doing business. That, along with other changes, will boost the level of GDP in 2007 by about 3 percent, or $450 billion. It isn't likely to significantly change the pace of growth in recent years.

Source: http://news.yahoo.com/better-economic-growth-likely-weak-q2-173318472.html

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Football mourns Chucho as former Birmingham striker Christian Benitez dies aged 27

Benitez, a father of three-year-old twins, died after reportedly suffering a cardiorespiratory arrest, less than a month after signing for Qatari club Al Jaish.

Manchester United winger Antonio Valencia, an Ecuador team-mate, tweeted a picture of the pair together and wrote: ?Why now brother? This strong pain you?ve caused me will stay forever my brother, but we love you. Please brother. Someone please say no.?

Benitez was admitted to hospital with severe stomach pain hours after making his debut against Qatar Sports Club in the Sheikh Jassem Cup on Sunday but died shortly afterwards.

Fabrice Muamba, the former Bolton midfielder who suffered a cardiac arrest on the pitch at White Hart Lane in an FA Cup tie with Spurs, wrote on Twitter: ?My thoughts and prayers are with his family.?

Benitez was on loan at Birmingham in the Premier League during the 2009-2010 season and the club will pay tribute to him ahead of Saturday?s match at home against Watford.

The Ecuadorian, who had 58 caps, was in the squad for World Cup finals in Germany in 2006 and had scored 24 times for his country.

During his loan from Mexican club Santos Laguna, he turned out 36 times for Birmingham and scored four goals.

Alex McLeish, who was his manager at Birmingham, told Sky Sports News: ?He was a very likeable guy and dangerous in the box.

?I would have kept him but he went because we were trying to bring in some top players.

?That did not materialise and I was left cursing the fact we could?ve kept him for that season because I?m sure he?d have flourished in England.?

Sunderland midfielder Craig Gardner, who played with Benitez at Birmingham, wrote on Twitter: ?Can?t believe Christian Benitez aka chucho has died had the pleasure to play with him he was a top bloke.?

West Brom?s former Birmingham defender Liam Ridgewell tweeted: ?Such a sad thing. Had a great year with him at Blues. Sad time.?

In a statement, Birmingham said: ?The thoughts of all associated with the football club are with Chucho?s family and friends at this very sad time. He was an immensely popular character during his time at the club.?

Qatari club El Jaish confirmed the news in a statement: ?His sudden departure is a big shock.

?He was a player that over the short period he was here was regarded for his high moral character.?

Source: http://feedproxy.google.com/~r/daily-express-sport-news/~3/Z5QetXThhOc/Football-mourns-Chucho-as-former-Birmingham-striker-Christian-Benitez-dies-aged-27

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UFC on Fox 8?s Three Stars: Robbie Lawler among the fighters who stood out

UFC on Fox 8 was filled with split decisions and a fight that UFC president Dana White trashed. However, there were some standout performances. Who were the Three Stars?

No. 1 star -- Robbie Lawler: Of all the fighters who joined the UFC after Strikeforce folded, who did you expect to really shine? It's unlikely Robbie Lawler was on the top five of your list as he was just 2-3 in his five fights before returning to the UFC. He made a complete turnaround, knocking out Josh Koscheck in February before putting a beatdown on Robbie Voelker on Saturday night.

No. 2 star -- Melvin Guillard: Riding a two-fight losing streak, Guillard knew he had to win to keep his job with the UFC. Guillard delivered. He knocked out Mac Danzig with enough power to earn a Knockout of the Night bonus and pick up some job security.

No. 3 star -- Demetrious Johnson: The flyweight champion held onto his belt and convinced anyone who didn't believe in his abilities with a fifth-round submission of John Moraga. Before that submission with an armbar, Johnson beat up on Moraga for 23 minutes and 43 seconds, showing why he holds the belt.

Who stood out from Saturday's fights for you? Speak up on Facebook and Twitter.

Source: http://sports.yahoo.com/blogs/mma-cagewriter/ufc-fox-8-three-stars-robbie-lawler-among-125110367.html

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Iterate 51: Tim van Damme after Instagram

Iterate 51: Tim van Damme after Instagram

Tim van Damme, soon to be joining Dropbox, talks to Marc and Rene about creating 2-bit icons, his time at Gowalla, making cards, and designing Instagram.

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Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/hAmHt89enUg/story01.htm

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India's Congress Party agrees to create new state in south

By Sanjeev Miglani

NEW DELHI (Reuters) - India's ruling Congress party approved on Tuesday the creation of a new southern state, a move that has revived deep political divisions and raised fears of violence in the area, home to global firms including Google.

The decision to break up Andhra Pradesh state and establish Telangana comes ahead of elections next year and critics say the ruling party is seeking to shore up its political fortunes after dragging its feet over the explosive issue for four decades.

Supporters, however, say Telangana's economic development has been neglected in favor of the richer and more powerful Andhra region, and that a new state is the only solution.

"It was not an easy decision, we appeal to people to cooperate," said Ajay Maken, a spokesman of the Congress after the party's highest decision-making body adopted a resolution calling for the establishment of a new state, igniting celebrations in parts of Andhra.

Additional federal troops were deployed ahead of the decision in the coastal parts of Andhra Pradesh where people are bitterly opposed to the breakup of the state.

The booming state capital Hyderabad, where Google, Microsoft and Dell have major sites, will remain the common capital for two states for a period of 10 years, Maken said.

Hyderabad, India's sixth largest city, was a bone of contention because it fell in the proposed new state carved out of the western part of Andhra Pradesh.

A government official said there was still a long way to go before the new state, which will have an estimated population of 40 million, became a reality. The measure has to be approved by the Andhra assembly and then the federal parliament where the Congress does not have a clear majority.

"We're swallowing the poison for our party. The decision is very unfortunate but since our leader has taken the decision we'll abide by it. We know the consequences, the problems that will follow," said Rudraraju Padma Raju, the chief whip of the Congress in the state, who has long opposed the split.

"DANGEROUS TREND"

One immediate consequence is likely to be renewed demands from other parts of India for separate states, including in the Darjeeling hills and a further breakup of the most populous Uttar Pradesh state.

Since independence in 1947, successive governments have dealt carefully with demands for new states - creating three in 2000 - while ensuring demands did not spiral enough to threaten the integrity of a nation that now has 1.2 billion people with hundreds of languages, ethnicities and castes.

India currently has 28 states while the United States with a population of 300 million has 50.

The chief minister of revolt-torn Jammu and Kashmir state said he feared the establishment of Telangana would set off more unrest.

"Telangana is a state that will be created on the basis of agitation. It's not created on the basis of any recommendation of a state reorganizing commission or something like that," said Omar Abdullah.

"I believe this is a dangerous trend because all we are doing is sending across a message that if you agitate enough, and if you agitate long enough, you will create a state."

Another fear is that leftist guerrillas who operate in parts of the proposed Telangana state will become further emboldened and take advantage as the new state comes into being.

(Additional reporting by Nigam Prusty; Editing by Robin Pomeroy)

Source: http://news.yahoo.com/indias-congress-party-agrees-create-state-south-144007437.html

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