Miscellaneous News
- Thread starter bd popeye
- Start date
6.6% is not totally disastrous overall (all things considered). Most of the EU and UK are heading for 8-11% contractions. I think China's GDP is forecasted to increase 1-2% this year.
Two major fires/explosions in the US yesterday:
Explosion At ArcelorMittal Plant In Northwest Indiana; No Injuries Reported
An explosion rocked the ArcelorMittal steel plant in Burns Harbor, Indiana Thursday morning, sparking a fire and causing damage to equipment near a blast furnace, officials said.
No one was injured in the blast, which happened at the D blast furnace at the plant, according to the Burns Harbor Fire Department. Video shared with CBS 2 shows a fire raging near the site of the explosion.
Power Plant Fire Breaks Out in Northwest Indiana
A major fire erupted Thursday afternoon at the NIPSCO R.M. Schahfer Generating Station in northwest Indiana, a company press release states.
At about 1:30 p.m. fire broke out inside the generating station in Wheatfield, Indiana, creating a large amount of smoke. NIPSCO later posted that the fire was fully extinguished within eight hours.
Explosion At ArcelorMittal Plant In Northwest Indiana; No Injuries Reported
An explosion rocked the ArcelorMittal steel plant in Burns Harbor, Indiana Thursday morning, sparking a fire and causing damage to equipment near a blast furnace, officials said.
No one was injured in the blast, which happened at the D blast furnace at the plant, according to the Burns Harbor Fire Department. Video shared with CBS 2 shows a fire raging near the site of the explosion.
Power Plant Fire Breaks Out in Northwest Indiana
A major fire erupted Thursday afternoon at the NIPSCO R.M. Schahfer Generating Station in northwest Indiana, a company press release states.
At about 1:30 p.m. fire broke out inside the generating station in Wheatfield, Indiana, creating a large amount of smoke. NIPSCO later posted that the fire was fully extinguished within eight hours.
State of China's economic recovery:
Source: The Economist.
Source: The Economist.
plawolf
Lieutenant General
Not really surprising considering the US has had a much shorter and milder lockdown than almost anywhere else with significant COVID19 outbreaks.
While much of Europe now have COVID19 in massive decline, it has been nothing but upwards and onwards as far as America is concerned, so that lower economic decline came with a steep cost in human lives and misery.
I think much of Europe is re-opening too early and too quickly, so will likely suffer second waves and potentially have to reinstate partial or even full national lock downs again, while if the US just ploughs ahead without much concern for the lives and wellbeing of its citizens as it has done, the US is likely to do better than Europe economically for the rest of the year barring significant new developments like a vaccine or a truly horrific level of massed fatalities in the US that even Trump cannot afford to ignore.
But the best approach is to follow the Chinese example and go early and go hard so that the outbreak is totally eradicated before re-opening, such that you are not then just lighting the fuse on a time bomb, and can focus the majority of your efforts on making sure all imported cases are properly handled to avoid any uncontrolled outbreak.
And before the usual suspects drag out their standard issue party line BS about it not possible in ‘democracies’, they need only look at Taiwan and South Korea. If they are going to be racist about it, they can even pick New Zealand, with is democratic and white.
Another massive fire in the US (third in two days). This time at a Chemical Plant in Atlanta, near the airport.
Massive fire breaks out at chemical plant near Atlanta’s airport
Video showed flames and black smoke at the facility on West Point Ave.
The company is called Alchemix. Officials at the plant said they believe that everyone got out of the building. It’s unclear if anyone was injured.
The fire was so large that smoke showed up on Severe Weather Team 2 radar.
Massive fire breaks out at chemical plant near Atlanta’s airport
Video showed flames and black smoke at the facility on West Point Ave.
The company is called Alchemix. Officials at the plant said they believe that everyone got out of the building. It’s unclear if anyone was injured.
The fire was so large that smoke showed up on Severe Weather Team 2 radar.
Does the 37% annualized refer to the fact that GDP decreased by 9% in Q2? Otherwise there is no way they could hit only -6.6% for full 2020 considering Q1 was already -5% and I doubt that there will be positive growth in Q3.
500 acre large fire spreading in Utah (USA):
Video of the fire at the Chemical Plant in Atlanta (USA):
Video of the fire at the Chemical Plant in Atlanta (USA):
What do you expect from a China hawk?
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Another huge fire in the US, this time at a Steel Plant in Pennsylvania (USA):
Large fire breaks out at Sukup Steel Structures in Ambridge [USA]
An investigation is underway into what started a massive fire at Sukup Steel Structures in Ambridge on Saturday. The fire started around 5 a.m. and took hours to put out.
"We had heavy fire coming out of the roof at about midway through the building," said Ambridge Fire Chief Rob Gottschalk." We also had heavy fire on the inside in the three bays that spread very quickly from one end of the building to the other."
Gottschalk said the damage to the building is extensive because the roof partially collapsed. He said his department is investigating the cause of the fire which could take days to determine.
"It's a terrific blow to the community because they were one of our biggest companies in Ambridge," he said.
Large fire breaks out at Sukup Steel Structures in Ambridge [USA]
An investigation is underway into what started a massive fire at Sukup Steel Structures in Ambridge on Saturday. The fire started around 5 a.m. and took hours to put out.
"We had heavy fire coming out of the roof at about midway through the building," said Ambridge Fire Chief Rob Gottschalk." We also had heavy fire on the inside in the three bays that spread very quickly from one end of the building to the other."
Gottschalk said the damage to the building is extensive because the roof partially collapsed. He said his department is investigating the cause of the fire which could take days to determine.
"It's a terrific blow to the community because they were one of our biggest companies in Ambridge," he said.