GE Slashes Dividend to 1 Penny, Reveals Deeper SEC Probe

By Thomson Reuters – Re-Blogged From Newsmax

General Electric Co. slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.

GE said the U.S. Securities and Exchange Commission and Department of Justice had expanded ongoing investigations to include a $22-billion writedown of goodwill from GE’s power division, which GE reported on Tuesday.

Continue reading

Advertisements

New UN Shipping Rules to Boost Climate Change, Wipe 3% Off US GDP by 2020

By Eric Worrall – Re-Blogged From WUWT

The United Nations International Maritime Organisation is in the process of introducing new marine diesel standards which economists worry will have a serious negative impact on Climate Change and the US economy.

Sulphur-emissions rules for shipping will worsen global warming

The IMO’s rules could also wipe 3% off America’s GDP

Continue reading

Wages, Salaries Rise by Most in Decade as US Adds 227,000 Jobs

By Thomson Reuters – Re-Blogged From Newsmax

U.S. wages and salaries rose by the most in a decade while private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September.

The Labor Department’s Employment Cost Index showed wages and salaries, which account for 70 percent of employment costs, jumped 0.9 percent in the third quarter after climbing 0.5 percent in the prior period.

2018 U.S. tornadoes on Track to be Lowest Ever

By Anthony Watts – Re-Blogged From WUWT

While claims of increased severe weather due to “climate change” aka “global warming” are thrown about by the media, with recent claims that more and more tornadoes are shifting east in the U.S., the fact of the matter is that the trend for strong tornadoes is decidedly down, according to data from NOAA. The US is on track to have the lowest annual tornado count in 65 years.

h/t to Mark J. Perry, AEI for the graph.

Continue reading

A NEW SPACE WEATHER METRIC

Re-Blogged From Space Weather

The daily Thermosphere Climate Index (TCI) is now on Spaceweather.com. TCI is a relatively new space weather metric that tells us how the top of Earth’s atmosphere (or “thermosphere“) is responding to solar activity. During Solar Maximum, the top of our atmosphere heats up and expands. Right now the opposite is happening. Solar Minimum conditions are in effect, and this is causing the upper atmosphere to cool off:

TCI was invented by Martin Mlynczak of the Langley Research Center along with other NASA and university colleagues. For the past 17 years they have been using the SABER instrument onboard NASA’s TIMED satellite to monitor the wattage of infrared emissions from the top of the atmosphere. Recently, they realized that those measurements could be used to summarize the state of the thermosphere in a single daily index, the TCI, expressed in watts (W). Moreover, they learned to calculate TCI going back in time all the way to the 1940s, thus placing current conditions in a historical context.

So where do we stand? Right now TCI=4.3×1010 W. That means the top of Earth’s atmosphere is approximately 10 times cooler than it was during the record-setting Solar Max of 1957-58 (TCI=49.4×1010 W). The record low value for TCI, 2.1×1010 W, was set during the Solar Minimum of 2009. It’s still not that cold in the thermosphere, although we’re getting close.

You can monitor daily values of TCI right here on SpaceWeather.com. TCI not only tracks the slow progression of the 11-year solar cycle, but also it can change suddenly in response to solar flares and geomagnetic storms. As these events occur, we’ll be writing about them to raise awareness of the many ways the sun can dump energy into Earth’s atmosphere. Stay tuned!

CONTINUE READING –>