THE NUMBERS: Weekly applications dropped 18,000 to a seasonally adjusted 259,000, the lowest in two months. The less volatile four-week average declined to 267,000.
KEEPING SCORE: Britain’s FTSE 100 was up 1.2 percent to 6,338 while France’s CAC 40 rose 1.9 percent to 4,462 and Germany’s DAX gained 2 percent to 10,267. U.S. shares were set to rise on the open, with Dow and S&P 500 futures both up 0.9 percent.
“I don’t know where he’s going to get the money,” said economist Douglas Holtz-Eakin, president of the American Action Forum, a center-right think tank. “Maybe he’s got it in the Cayman Islands or something?”
“There’s not a machine that can read your mind, but this helps with the emotions, you know, recognizing them,” Julian said.
The White Council of Economic Advisers says more than doubling the royalty rate would reduce mining from federal lands by just 7 percent. It says such a move would cut emission from burning coal and bring as much as $730 million annually in new revenue.
“We had hoped EPA and Colorado would try to work with us and come up with solutions,” New Mexico Environment Secretary Ryan Flynn told The Associated Press. “But the state of Colorado, its leadership, seems intent on defending EPA at every turn and is unwilling to work with us to move forward in a meaningful manner.”
“This incredibly sad situation underscores the public safety risk faced by our industry due to the fact that we don’t have access to banking,” said Michael Elliott, executive director of the Marijuana Industry Group.
“It affects the longterm health of (the) base when we’re looking at base closures.”
The states of Colorado, North Dakota, Utah and Wyoming oppose the rules involving hydraulic fracturing, which involves injecting a mixture of water, sand and chemicals underground to increase production from oil and gas wells
The pressures of student debt, rising rents and the leftover wreckage from the nearly decade-old housing bust have restrained people’s ability to buy, even though the dream remains alive. The report sees reasons for both optimism (more millennials are poised to leave the nest) and concern (rising numbers of renters face extreme costs).