Posts Tagged ‘oops. rick

17
Nov
11

australia, day two

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Darwin, Northern Territory:

President Obama talks to Margaret Heron after laying a wreath at the memorial of the USS Peary in Darwin. Margaret Heron was 11 at the time of the Darwin bombing by Japanese aircraft which resulted in the sinking of the Peary, a Clemson-class destroyer, on February 19, 1942

President Obama hugs survivor Mary Lee who was 9 at the time of the Darwin bombing by Japanese aircraft which also resulted in the sinking of the Peary

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At the Royal Army Air Force Base in Darwin

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Arriving in Bali, Indonesia:

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President Barack Obama waves to people in the gallery after addressing the Australian Parliament in the House of Representatives at Parliament House in Canberra, Australia, Nov.17, 2011. (Official White House Photo by Pete Souza)

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All Australia posts here

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Meanwhile…..

Reuters: New U.S. claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction.

Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 388,000, the Labor Department said on Thursday, from 393,000 the prior week. Economists had forecast claims rising to 395,000.

Separately, permits for residential construction rose 10.9 percent to a seasonally adjusted annual rate of 653,000 last month, the Commerce Department said. However, new home construction fell 0.3 percent to annual rate of 628,000 units.

….. “The U.S. economy continues to show signs of strong momentum. The improvement in claims underscores that the gains in labor market activity over the past few months are being sustained,” said Millan Mulraine, a senior macro strategist at TD Securities in New York.

More here

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….. On the margins of the President’s trip, trade transactions were announced or showcased, exceeding $25 billion in total value (and an additional $14 billion in potential value) and supporting an estimated 127,000 U.S. jobs ….. Notable examples include:

• Boeing 737s to Indonesia: The Boeing Company and Lion Air have reached agreement on the purchase of 201 Boeing 737MAX and 29 Next Generation 737ER aircraft. The President will join a signing ceremony between the representatives of Boeing and Lion Air on November 18 ….  The order will support over 110,000 U.S. jobs at Boeing and at suppliers in 43 states. This represents one of the largest trade deals between the United States and Indonesia in history….

• Boeing 777s to Singapore: The Boeing Company and Singapore Airlines have reached agreement on the purchase of eight Boeing 777-300ER widebody aircraft with a total list price value of $2.4 billion, $2 billion in U.S. export content and supporting an estimated 11,000 U.S. jobs…..

• GE Engines to Indonesia: GE is signing a contract to sell 50 CFM56 engines to Garuda Airlines of Indonesia, for $1.3 billion. This deal will represent $650 million in U.S. export content and support close to an estimated 5,000 U.S. jobs at GE’s plants in Ohio and North Carolina and at suppliers across the nation.

• Sikorsky Helicopters to Brunei: Sikorsky has been selected by the Brunei Ministry of Defense to supply 12 Blackhawk S-70i helicopters …. The value of the deal is $325 million, with $200 million in U.S. export content supporting an estimated 1,100 U.S jobs……

Read the full WH release here

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LA Times

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For some reason, this video isn’t working – except for me 😳 Will try to fix it!

BBC Newsnight, November 16 – “Bobble-headed giggle twits” 😆




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