Gross Domestic Product Shrinks Again in Second Quarter 2022. Recessionary Hoofbeats Grow Louder

Gross Domestic Product Shrinks Again in Second Quarter 2022.  Recessionary Hoofbeats Grow Louder

Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The GDP estimate released today is based on source data that are […]

Federal Reserve Issues FOMC Statement & Raises Interest Rates by 0.75 Percentage Point.

Federal Reserve Issues FOMC Statement & Raises Interest Rates by 0.75 Percentage Point.

Washington, DC…Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and […]

President Biden on Senate Passage of the CHIPS and Science Act to Lower Costs, Bolster Our Competitive Edge and National Security

President Biden on Senate Passage of the CHIPS and Science Act to Lower Costs, Bolster Our Competitive Edge and National Security

Washington, DC…Today the Senate passed an historic bill that will lower costs and create jobs. As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers. It also […]

A Bit of Wisdom from George Bernard Shaw

A Bit of Wisdom from George Bernard Shaw

“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” ~ George Bernard Shaw 26 July 1856 – 2 November 1950 “People are always blaming their circumstances for what they are. I don’t believe in circumstances. The […]

Damian Lanctot, 39 from Ben Lomond Lost His Life in Head-On Collision

Damian Lanctot, 39 from Ben Lomond Lost His Life in Head-On Collision

Ben Lomond, CA…On 7/23/2022, at approximately 1517 hours, CHP officers responded to a two vehicle crash located on Alba Road near Western Avenue. Upon arrival it was determined Damian Lanctot of Ben Lomond, CA was riding a Honda motorcycle, eastbound on Alba Road, east of Western Avenue, at an undetermined speed. Kristi Anderson of Ben […]

California Secures Federal Assistance to Support Response to Oak Fire near Yosemite

California Secures Federal Assistance to Support Response to Oak Fire near Yosemite

Sacramento, CA…Governor Gavin Newsom today announced that California has secured a Fire Management Assistance Grant (FMAG) from the Federal Emergency Management Agency (FEMA) to help ensure the availability of vital resources to suppress the Oak Fire burning in Mariposa County. Driven by hot, dry weather and drought conditions, the Oak Fire has burned 6,555 acres to date. […]

A Bit of Wisdom from Amelia Earhart

A Bit of Wisdom from Amelia Earhart

“The most difficult thing is the decision to act; the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process, is its own reward.” ~ Amelia Mary Earhart July 24, 1897 – July 2, […]

2,093 Now Fighting the 14,281 Acre Oak Fire West of Yosemite. 0% Contained, 15 Structures Lost or Damaged

2,093 Now Fighting the 14,281 Acre Oak Fire West of Yosemite.  0% Contained, 15 Structures Lost or Damaged

Mariposa, CA…The fire remained active through the night moving toward the communities of Jerseydale, Darrah, and Bootjack. Poor humidity recovery was observed overnight. Today the weather is expected to remain hot with minimum humidity between 5 and 10%, which will hamper firefighting efforts. High tree mortality and dense fuels are throughout the fire area. Fire […]

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