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Kia ora, Welcome to Friday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news that behind the 'good' economic news are increasing signs the pandemic spread is corroding demand globally.In the US the weekly jobless claims report was actually quite a good one with 'only' 308,000 new claims last week, its lowest level since the start of the pandemic in March 2020. There are now under 2.8 mln people on these benefits in a steady trend lower.Also positive is that mortgage delinquencies in the US are dropping to post-pandemic lows.The Philly Fed August survey brought a marginally downgraded sentiment result but new orders rose sharply. However firms still report supply bottlenecks and rising cost pressures, so sentiment is taking a hit over how they will get out of these pressures.The turn lower in sentiment is also evident in financial markets with the US Treasury 30 year TIPS yield turning more negative than it was at the last equivalent auction in February. At US$9 bln it is not a large event however.But what is really turning financial markets lower is the pandemic situation in the US as delta infections start to over-run hospitals. The road ahead is particularly bumpy because some large-state policies have down-played the threats of delta with weak or non-existent responses and populations who remain willfully blind to the risks, and their chickens are roosting now. In Florida, Mississippi, Georgia and Texas, they are all using more than 90% of their ICU capacity. COVID-19 patients take up about half of ICU beds in those states, an extraordinary amount for a single diagnosis.Analysts are starting to downgrade US economic prospects as a result.In Canada, their ADP employment report for July revealed positive jobs growth, and was quite a surprise and a big turn-around from the June decline.In China, that Shanghai port partial closure is snarling shipping schedules and the consequential congestion is getting worse. International container shipping rates are moving higher after a two week pause in the rises. The Baltic Dry index surged higher yesterday. Meanwhile, the iron ore price is leading the hard mineral set sharply lower. China's steel demand is sinking.China seems blind to the consequences of all these mounting risks.Some major global carmakers are announcing there will be production cutbacks in September due to semiconductor chip shortages. This includes Toyota and Volkswagen.China's impending retrenchment will be Australia's loss and the impact there could be sharp. And analysts are looking ahead with concern. Falling commodity prices don't help Australia.But in the meantime, Australia's jobless rate fell to 4.6% in July and a 12 year low and there was a small employment rise. Both these were unexpected. But it was driven by part-time employment, so it is not really that great. And increasing numbers of Aussies are leaving the labour force in 2021, which isn't great either. The UST 10yr yield starts today at 1.25% and down -3 bps. The price of gold is down -US$10 from this time yesterday, and now at US$1780/oz.Oil prices are sliding rather sharply and another -US$2.50 lower from this time yesterday, so in the US they are just under US$63/bbl, while the international Brent price is just over US$65.50/bbl.The Kiwi dollar opens today lower again, down to 68.3 USc, down more than -½c and its lowest since November 2020. Against the Australian dollar we are actually firmer at 95.5 AUc. Against the euro we are lower at 58.5 euro cents. That means our TWI-5 starts today at 72.3 and little-changed since this time yesterday.The bitcoin price has weakened slightly again today and is now at US$45,705 and down just -0.3% from this time yesterday. Volatility in the past 24 hours has been moderate at just under +/- 2.3%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again on Monday.
Listen now as we discuss the debacle that was the 1st presidential debate!! I f you want expert analysis....you're probably in the wrong place, BUT you're guaranteed to laugh with or OR more likely AT US! Either way....it's a win-win!
TODAY’S SERMON NOTES ROMANS 5:17 AMP For if because of one man’s trespass (Adam’s original lapse, offense) death reigned through that one, much more surely will those who receive [God’s] overflowing GRACE (unmerited favor) and the free GIFT OF RIGHTEOUSNESS [putting them into right standing with Himself] REIGN AS KINGS IN LIFE through the one Man Jesus Christ (the Messiah, the Anointed One). CONSIDER THE QUESTION: If God delegated His rule on earth to His people, and His people are delinquent to those responsibilities, how much pain and sorrow have we unduly endured? How much of our understanding of God has been skewed? WHAT IS SPIRITUAL AUTHORITY? The responsibility to rightfully govern and enforce justice. WHAT DO WE HAVE AUTHORITY OVER? 1. DEMONS 2. SICKNESS & DISEASE 3. NATURAL RESOURCES (BREAD, FISH, WINE, FINANCES) 4. INANIMATE OJBECTS (FIG TREE) 5. PHYSICAL THREATS (TERROR, NATURAL DISASTERS) 6. ANYTHING WE ARE REDEEMED FROM (DUET 28) PREVIOUS WEEKS: 1. God’s Practical Sovereignty (Sept 8) 2. The Origins of Evil (Sept 15) 3. The Nature of Process Laws (Sept 22) 4. Activating Spiritual Authority (Sept 29) 5. The Authority in Declarations and Decrees (Oct 6) pointe.info/sermons-archives TODAY: THE POWER OF THE NAME OF JESUS! COLOSSIANS 3:17 NKJV And WHATEVER YOU DO in word or deed, [DO] ALL IN THE NAME OF THE LORD JESUS, giving thanks to God the Father through Him. WHAT DOES THIS MEAN, “TO DO ALL IN THE NAME OF THE LORD JESUS?” __________ TO DO ALL UNDER AND WITH THE AUTHORITY OF JESUS! DOES EVERY CHRISTIAN POSSESS THE RIGHT AND PRIVILEGE OF SPIRITUAL AUTHORITY? ACTS 2:16, 21 NKJV (Peter said) But this is what was spoken by the prophet Joel: ... 21 And it shall come to pass [That] WHOEVER calls on the NAME OF THE LORD Shall be SAVED.' JOHN 14:9-18 AMP Jesus replied, …10 What I am telling you I do not say on MY OWN AUTHORITY and of My own accord; but the Father Who lives continually in Me does the (His) WORKS (His own MIRACLES, DEEDS OF POWER). 11… [If you cannot trust Me, at least let THESE WORKS THAT I DO IN MY FATHER’S NAME convince you.] 12 I assure you, most solemnly I tell you, if anyone steadfastly believes in Me, he will himself BE ABLE TO DO THE THINGS THAT I DO; and he will do EVEN GREATER THINGS than these, because I go to the Father. 13 And I will do [I Myself will grant] whatever you ASK IN MY NAME [as presenting all that I Am], so that the Father may be glorified and extolled in (through) the Son. 14 [Yes] I will grant [I Myself will do for you] WHATEVER YOU SHALL ASK IN MY NAME [as presenting all that I Am]. MARK 16:15-20 NKJV And He (Jesus) said to them, "GO into all the world and preach the gospel … 17 "And THESE SIGNS will follow those who believe: In MY NAME they will cast out demons; they will speak with new tongues; 18 "they will take up serpents; and if they drink anything deadly, it will by no means hurt them; they will lay hands on the sick, and they will recover." ACTS 3:2, 6-8, 11-12, 16 NKJV And a certain MAN LAME from his mother's womb was carried, whom they laid daily at the gate of the temple which is called Beautiful, to ask alms from those who entered the temple; ... 6 Then Peter said, "Silver and gold I do not have, but what I do have I give you: In the NAME OF JESUS CHRIST of Nazareth, RISE UP AND WALK." 7 And he took him by the right hand and lifted [him] up, and immediately his FEET AND ANKLE BONES RECEIVED STRENGTH. 8 So he, leaping up, stood and walked and entered the temple with them--walking, leaping, and praising God. ... 11 Now as the lame man who was healed held on to Peter and John, all the people ran together to them in the porch which is called Solomon's, greatly amazed. 12 So when Peter saw [it], he responded to the people: "Men of Israel, why do you marvel at this? Or why look so intently AT US, as though by OUR OWN POWER or GODLINESS we had made this man walk? ... 16 "And HIS NAME, through FAITH IN HIS NAME, has MADE THIS MAN STRONG, whom you see and know. They preached in the name of Jesus. (Acts 5:40; 9:27) They led people to Christ’s salvation through the name of Jesus (Acts 4:12) They were baptized in the name of Jesus (Acts2:38; 8:16; 19:5) They were filled with the Spirit in the name of Jesus (Mark 16:17, 18) They healed the sick in the name of Jesus (Acts 3:6) They had signs and wonders in the name of Jesus (Acts 4:30) They cast out devils in the name of Jesus (Acts 16:18) They risked their lives for the name of Jesus (Acts 15:26; 21:13 ) They made the name of Jesus famous (Acts 19:17) WHEN TO USE THE JESUS NAME! ALL PRAYER (FOR ANYTHING – FOOD TO INTERCESSIONS) ______________ DECLARING/DECREEING AUTHORITY OVER ANYTHING (THE DEVIL) (CIRCUMSTANCES) (RESOURCES) (MIRACLES) CHRISTIANS, THE LEAST TO THE GREATEST, HAVE THE RIGHTS AND THE PRIVILEGES TO USE THE NAME OF JESUS!
001 | Us and Kids, Forever and Together—Connections That Matter
The struggles and balancing acts that we can perform, or try to perform to keep all these relationships connected and healthy can be amazing - or crazy. At Us & Kids you will have good, short chats about what skills to grow and use and how to best apply them to whatever situation you are in. Jan Talen, marriage and family therapist for 35 years, mom for as many years, grandma for the past 8 years and married for 40 years shares her professional knowledge and expertise along with her life stories to help you become the best team that is married forever while you parent together. Join us!
This week, we have one of our favorite squirrelfriends, MATTHEW CURIANO who is here to SHOUT some of his best stories AT US in the center of his PINGY MIX! Times Square restaurants, furniture building, toilet cleaning, cater-waitering to the STARS and breaking ALL the health codes - Matt has done it ALL and we can't wait to share this episode with you. Enjoy!