CBS News Poll: Clinton Gets Boost After DNC, Leads Trump By 7 Points — CBS New York

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NEW YORK (CBSNewYork) — Hillary Clinton has improved her standing in the presidential race after the Democratic National Convention, according to a new poll released Monday. The new CBS News poll shows Clinton leading Trump by seven points after getting a four-point bump following her party’s convention. Forty-six percent of voters say they’ll vote for Clinton in November, while…

via CBS News Poll: Clinton Gets Boost After DNC, Leads Trump By 7 Points — CBS New York

Motivated by greed, not by need — In-Sights

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“Conservation is the cleanest, easiest and least expensive way to meet the increasing demand for electricity in B.C. – it’s like building a virtual dam.” – Bob Elton, BC Hydro President and CEO, September, 2008. Two months after the statement was published, the BC Liberal Government removed Bob Elton from his role at the […]

via Motivated by greed, not by need — In-Sights

BC Hydro – destruction in progress – In-Sights

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By on July 30, 2016

In 2001, for each dollar of assets, BC Hydro had 63¢ in electricity sales. In 2016, the number fell to 17¢.

In 2005, BC Hydro sold more electricity to residential, commercial and industrial customers in BC than the utility did in 2016 and it did that with assets worth 40% of today’s value.

Shockingly, the company is embarked on a program of capital expenditure that will add about $15 billion to its list of assets.

By any measure, the management of BC Hydro has been a colossal failure, incompetence made worse by flawed policy objectives.

For more on this news story, follow the link:

BC Hydro – destruction in progress

Source: BC Hydro – destruction in progress – In-Sights

Seven Years Later, U.S. Recovery Remains Weakest of Post-World War II Era

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Auto mechanic Joe Valenti changes a battery in a Honda Acura at his garage in Dormont, Pa. Valenti has been keeping his customer’s cars on the road since 1979. Average annual growth has slowed each business cycle since then. Photo: Gene J. Puskar/Associated Press

By Eric Morath  Jul 29, 2016  http://blogs.wsj.com

Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles.

In terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949. (And for which we have quarterly data.) The economy has grown at a 2.1% annual rate since the U.S. recovery began in mid-2009, according to gross-domestic-product data the Commerce Department released Friday.

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The prior expansion, from 2001 through 2007, was the only other business cycle of the past 11 when the economy didn’t grow at least 3% a year, on average. Total growth this expansion ranks just 8th of the past 11 cycles. The U.S. economy, at the end of June, was 15.5% larger than it was when the recession ended in 2009.

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The current expansion remains smaller than the one during Richard Nixon‘s administration. And that 16% expansion lasted just three years. The economy grew 18% from 2001 through 2007. It grew 52% from 1961 through 1969.

Despite the current expansion’s lack of intensity—or perhaps because of it—it is now one of the longest.

There have only been three longer expansions in the past seven decades.

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So far, it has occurred entirely during Barack Obama‘s time in the Oval Office, making it the longest expansion under a single president. The growth streak would need to extend just a little more than halfway through the next president’s term to achieve a modern record.

The average economic expansion since 1949 has lasted just more than five years. Only the expansion during the 1990s made it 10 years.

Source: Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era – Real Time Economics – WSJ